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Title: Poll: Silver or Bitcoins? Post by: johnniewalker on June 15, 2013, 04:05:19 AM In the short term (say next 2 years), do you believe more in Silver or Bitcoins? In terms of potential for increase in value, I mean.
Title: Re: Poll: Silver or Bitcoins? Post by: byronbb on June 15, 2013, 04:18:16 AM Bitcoins have more upside AND downside. Silver doesn't one day disappear because something breaks at the atomic level of the universe.
Title: Re: Poll: Silver or Bitcoins? Post by: randrace on June 15, 2013, 05:02:09 AM I want Silver Bitcoins!
Title: Re: Poll: Silver or Bitcoins? Post by: Anon136 on June 15, 2013, 05:05:04 AM shit idk about the next 2 years but right now, today, silver is LUDICROUSLY undervalued. i may start buying some bitcoins again in the future but right now ALL my extra money is going into silver.
Title: Re: Poll: Silver or Bitcoins? Post by: mgio on June 15, 2013, 05:24:17 AM Silver isn't undervalued. It only undervalued when you compare it to gold which is ludicrously over-valued right now.
Also, bullion makes a horrible investment. You get taxed up the ass for any gains you make. There is no such thing as long term capital gains for bullion. You'll get taxed at 28% fed tax in the US plus whatever your state charges. Where I live that is another 12%. So you would pay nearly 40% on something that is expected to just keep up with inflation over the long term. No thanks. Bitcoin is riskier but is a better investment overall. Title: Re: Poll: Silver or Bitcoins? Post by: byronbb on June 15, 2013, 06:06:42 AM Yes I don't think one should buy bullion as an "investment" but as a store of "value" that has nothing to do with any government on this planet. One's labour of life being represented by a bill issued by a large body of con-men can set one instantly ILL. Place a portion of your life's labours into the hands of nature, be free of the ruling rabble.
Title: Re: Poll: Silver or Bitcoins? Post by: HappyBitCoinUser on June 15, 2013, 09:12:56 AM You forgot the option "Both" for those of us that have a mixed portfolio
Title: Re: Poll: Silver or Bitcoins? Post by: Anon136 on June 15, 2013, 01:22:43 PM Silver isn't undervalued. It only undervalued when you compare it to gold which is ludicrously over-valued right now. Also, bullion makes a horrible investment. You get taxed up the ass for any gains you make. There is no such thing as long term capital gains for bullion. You'll get taxed at 28% fed tax in the US plus whatever your state charges. Where I live that is another 12%. So you would pay nearly 40% on something that is expected to just keep up with inflation over the long term. No thanks. Bitcoin is riskier but is a better investment overall. erm what are you talking about? no one knows what silver i have or dont have and there is no reason to expect anyone to know at any point in the future other than the person i sell it to someday. how on earth is the government going to tax me on that? Title: Re: Poll: Silver or Bitcoins? Post by: RyNinDaCleM on June 15, 2013, 01:58:01 PM Silver isn't undervalued. It only undervalued when you compare it to gold which is ludicrously over-valued right now. Also, bullion makes a horrible investment. You get taxed up the ass for any gains you make. There is no such thing as long term capital gains for bullion. You'll get taxed at 28% fed tax in the US plus whatever your state charges. Where I live that is another 12%. So you would pay nearly 40% on something that is expected to just keep up with inflation over the long term. No thanks. Bitcoin is riskier but is a better investment overall. erm what are you talking about? no one knows what silver i have or dont have and there is no reason to expect anyone to know at any point in the future other than the person i sell it to someday. how on earth is the government going to tax me on that? Private sales is the best way to get around it, but to unload a lot of silver you will likely have to go through a dealer of some sort. In which case they will report it if it's a large sum of money Title: Re: Poll: Silver or Bitcoins? Post by: Anon136 on June 15, 2013, 04:12:04 PM Silver isn't undervalued. It only undervalued when you compare it to gold which is ludicrously over-valued right now. Also, bullion makes a horrible investment. You get taxed up the ass for any gains you make. There is no such thing as long term capital gains for bullion. You'll get taxed at 28% fed tax in the US plus whatever your state charges. Where I live that is another 12%. So you would pay nearly 40% on something that is expected to just keep up with inflation over the long term. No thanks. Bitcoin is riskier but is a better investment overall. erm what are you talking about? no one knows what silver i have or dont have and there is no reason to expect anyone to know at any point in the future other than the person i sell it to someday. how on earth is the government going to tax me on that? Private sales is the best way to get around it, but to unload a lot of silver you will likely have to go through a dealer of some sort. In which case they will report it if it's a large sum of money ah well my intention is not to ever "unload" it, my intention is to hold onto it until the point at which i can spend it as the money that it is. :) |