Bitcoin Forum

http://pro.stansberryresearch.com/1401CRDWT55/PTRWQ304/

He sure hates Bitcoin...

This is nothing but a glorified commercial for a bunch of financial asshats.

I watched the video for some 20 minutes when my browser froze. Had to restart the video but got angry that I couldn't fast-forward or something so I ended up just googling what the hell he is talking about. Apparently it's collectible gold coins.

Thank you for the answer.  I watched about 20 minutes and got bored.

Don't new boxed Lego sets outperform gold coins?

Just another Bankster. They thing they can still use this chip propaganda. I think they miss a decade or soo.
It is insult of the intelligence.   There will be more of this A……s . I guess we have to do something about users of the blockchan like this.   Might be grand them status of let say “Bankster”  that will upper each time they log in .
Of course this must be done by democratic voting process of let say 1000 users’ minimum.  I can address that to the development team.   
 Let’s make world better place!!  A

There is one reality that cannot be escaped no matter how much I like the idea of a crypto currency.

Gold is physical, can be held in hand, has always been worth something and people happily exchange it for the things we need to survive. In the event of a SHTF scenario, it is a real insurance policy.

Absolutely. But... I don't think you'd find too many people here who disparage PMs in the way the video disparages BTC. I believe PMs have a place in a diversified portfolio - partly for the "SHTF" reason you mention, partly to spread risk (BTC's volatility risk, the risk I can't access local exchanges when I need, etc). That said, I'm an expatriate worker so right now BTC plays a bigger role in my investments than PMs.

The bolded are flaws as far as a currency is concerned.  People chose paper over gold and silver for the last century+ because it was easier to transport.  Now that money is digital, currencies and many financial instruments can be completely re-engineered.  However, you are correct in that gold can be a nice insurance policy just in case SHTF.

he's selling his report, and he's attacking bitcoin as the marketing angle.
Obviously, if someone invests their money in bitcoin, they can't
invest that same money into gold or whatever else... and since
he can't profit from you investing in bitcoin, he wants you to
doubt bitcoin and think 'where else should i invest'...
 
So everything he says you have to take with a healthy grain
of salt since he has a hidden (or not so hidden) agenda.

I got bored 10 seconds in and gave up.  There are no cats in the first 10 seconds.  Don't bother.

I kept waiting for the Amway pitch.

Any time some sales drone goes on for any length of time without telling you what he is pitching, it is a scam. 

I watched maybe 7-10 minutes of it, and realized he wasn't getting to the point. So yea....pretty much scam.

It's not a scam.  He's selling a financial report... Nothing wrong with that in of itself.
Yes, he's putting a negative spin on Bitcoin...  There are other Internet marketers
who are putting a positive spin on bitcoin... and forum posters here are calling it scam too LMAO...

Not everything is a scam, just because it doesn't fit with your ideals or desires.
You don't like what he's selling, don't freaking buy it.

+1

I can't believe you could stand more than 3 minutes of this blah blah, you must be quite tough  ;D

I felt like having to cut myself after a minute  ::)

I got bored at the part that he is working for bla bla bla


and closed it!


Can someone give that site a little taste of what ddos is?:)

I was really mostly interested to see what he/they had to say in regards to crypto or BTC.  :P

I listen 5sec.

If you give me 1BTC i can withstand this torture.

I guess when someone says "secret", "wealthy families", and "wine and servants" over and over again that we are all supposed to cream in our pants and jump on board...(sarcasm).

What a waste of time.  The audio clip goes on and on for 30 minutes about this "secret currency" only to tell you that they cannot tell you what this secret currency(scam) is for free.  The audio still did not end after that.  IT IS ALL A SCAM, in case you did not know already.  It's kind of like those "get rich" book authors that got rich by selling you the "get rich" books.  WASTE OF TIME, moving on...

Yes!  Someone please ddos that website.  I would do it myself but do not know how.

2 seconds here  :D

I don't have to much BTC but I'm willing to donate 0.05BTC for a nice DDOS on that site!
If anyone else would like to jump in just say it

If we reach a decent amount I'm sure someone will do it!

According to their site, they are only like 10 miles away from me....I can start accepting donations to stand outside their office and make faces at them and call them doodieheads if you guys would like me to.   ;)

 ;D anyone believe this shit ?

Im pretty sure, gas, ammo, clean water and food is a much better insurance policy than a bag of shiny metal - if shit really hits the fan.

I have two 20LBS bars of Hersey's chocolate that I can break up and use as currency in case of a zombie outbreak.

I don't get why the gold freaks don't sign up to Bitpay or something similar, considering they get paid to their bank in dollars the next day and are exposed to no risk.
You could create a 24/7 live gold/silver trading site with bitpay instead of what they do now which is phone orders only and waiting for wires for 3-4 days.

I have a theory on why gold people are not tech savy; gold people are generally from the older generation (late 40s and older).  I like gold too and may own some someday but I don't see it as a great investment tool because the returns are nothing to dream about and it is very expensive to get started (if using gold as an investment).  I can buy $4,000 worth of gold and if it doubles in 5 years I'll have $8,000 ...nothing to get excited about. 

Ah another late dumper trying to get rid of their gold coins. Makes sense.

I believe!


I believe there is no way I'm even watching the video.  :D

Stansberry Research is a scam. They try to sucker people into buying numismatic gold coins at ridiculous prices.

That guy has alot of names.
Almost all the incredibly long/boring videos with no skip I hear his voice.

The video is too long, nowhere near the 5 mins they claim.

http://skinnyreporter.com/obamagoldban.html
If he is suggesting anything based off gold, would still apply.
I'm guessing the deadline for gold surrender is Dec. 25th 2014.

Anything you can hold, you can have taken, if not by government then by thieves.

Wow, what a waste of time!

This was even worse than TV "Top-shop" commercials... : )

Guy talks about "Secret Currency" for half an hour, doesn't tell anything concrete about it (the whole way) and at the end gives you a link http://ordertracking.stansberryresearch.com/1401CRDWT55/PTRWQ304 to subscribe for money!

Now, to be fair, few things about Bitcoin were in fact "objective", because we really don't know what will happen in the future.

I hope someone watching this video, who didn't heard about Bitcoin before, will check Bitcoin out and decide on his own weather it is good or bad.

actually they do. If you hang onto a large new lego technic set, eg the 8043, and don't unbox it, it could easily double in 3 to 5 years, infact most do. if you unbox it then it will hold value at worst or still go up a bit.

That why lego technic is so good, the only "toy" you can buy, play with and not loose value on.

The reason is, well the box, plans, inserts, inlays and some parts no longer made, eg I have 1970's / 80'd technic sets.

There is no way to set up the prinitng presses to make those boxes again, it would be harder than a rare stamp. I t captures like nothing else nostalga from an era.

so yes lego technic for large sets probably does out perform gold and many other asset classes. The only thing that would kill you it it probably does not have the depth of market to sell alot into. But 10 or 20 at 100% in 2 years you can do.

Sounds like a standard  scammer's sales pitch to me and I've seen quite a lot of these on scam promoting forums.


His presentation was exactly designed to  to hit the exact pitch that could resonate worth people who may support Bitcoin ("secret conspiracy" by wealthy families, government meddling,problems with fiat,little sprinkling of truths etc) while revealing absolutely nothing about this "secret currency", at least not to people who won't subscribe.Exactly like many other scams.

You got an invenstment Co. / hedge fund, but your customers keep calling about bitcoin and how much  people are getting in return.

Then you have to be really aggressive to discourage your customers to try it out.

Buy two goats and get 150% return the first year, and they mow your lawn for free!

fter watching 50+ minutes of this crap the secret investemt is: Gold coins :o

The reason you can't fast-forward is that this is a carefully crafted sales-pitch, which depends entirely on the viewer seeing the information exactly as presented.

Deception always relies on controlling the when and how your mark receives the information you want them to receive. If people could fast forward 20 minutes and realize its bullshit, no one would watch long enough to get suckered into this scam.

It's the same reason all the scam vids on youtube have comments disabled. Controlling the information the viewer receives. It's just like what Hitler did when he took over all the schools in Germany.

what a fucking pile of bullshit there.

http://en.wikipedia.org/wiki/Executive_Order_6102
If he is suggesting anything based off gold, don't bother!

Gold ownership in the U.S. is a right that can and has been revoked!
Sadly the U.S. is not the only place where the government stole the peoples gold.

Gold coins were never exempt from this order.

I watched some video advertisement that promised some new breakthrough in computers. It went on and on for over 30 minutes (I read other articles while he droned on). Eventually, it got to the point. The breakthrough was that we were going to get rid of computers, go back to terminals, and run all of our software on server farms....LOL.

Generally correct, however it's more like 60 and older.

Young enough to not have been through executive order 6102 (https://bitcointalk.org/index.php?topic=518429.msg5750532#msg5750532) and old enough to believe physical items can be truly owned (http://en.wikipedia.org/wiki/Death).

Nothing that is physical can be owned, (http://en.wikipedia.org/wiki/Death) you just rent it. (http://en.wikipedia.org/wiki/Property_tax)

Definitely over 60 crowd.

I am a bit of a gold bug.  I firmly believe that a third of your long term security should be held in precious metals.

Back in the 90's I started buying gold and silver.  When silver topped $50 I sold a bunch off.  That silver sold for about 9 times what I paid for it.  I took that and bought bitcoin.  At that time was about $30.  I consider myself extremely lucky.  I've since bought more silver after the price dropped below $25.

When I cashed in silver the generic rounds, eagles and maple leafs all brought the same amount.  Coin dealers will try to convince you that buying government mint coins are a better investment.  That is pure B.S. to get you to pay more.  If the SHTF nobody is going to give you a premium for them.  Ounces is ounces.

Gold has no current use as a currency.  Most people out there have no idea what a 1oz coin value in USD is.  Personally I think Platinum is a better long term buy.

I used to carry some Liberty coins around with me.  Several times I used those to purchase things and they were accepted at the $10 valuation that is on them.    I still have a few as a reminder of what subterfuge the US Government is capable of.

That fact that bitcoin does not have any central control is what attracted me to it.  I learned my lesson with E-Gold.

Gold bug here as well, you know the old sayin " if you don't hold it, you don't own it ", that is why I shake my head at the etf's and paper gold market, firstly because no one realized they don't truly hold it and secondly the manipulation.

I still like to think of the golden rule, he owns it makes the rules :)

oops dp.

Sorry to hear about that CryptoDomains, hope it didn't hurt...

Funny stuff,
Executive Order 6102 (http://en.wikipedia.org/wiki/Executive_Order_6102)

There are three main crisis situations,
1. The government is collapsing, in which case they will enact another 6102.
2. The government spontaneously collapses, how do you eat/drink gold?
3. General Armageddon with the majority of the population dead(why will you be alive)

In situation 2 the majority of people will die during rioting/maritial law, then another big chunk will die of dehydration which has a three day time-span prior to death.
It would be at least a year before gold might come into play if you can survive/(secure your gold) that long.

In situation 3, assuming you are alive there is no logical reason to believe that Gold will have any major value in a post Armageddon world.

You are a fool to believe you can own anything in this world.
All that you have/ever have had will be taken from you eventually (http://en.wikipedia.org/wiki/Death).

For exactly that reason any U.S. company advertising gold for an emergency, cannot be taken seriously. All gold purchases in the U.S. are registered; no anonymous cash purchases are possible. Guess why.

It is more renting than buying really. Go to Canada if you want to own gold.

Mike Palmer sure does hate bitcoin  :D

Hold on a few myths there...exempt are "collector" coins firstly. You can buy "collector" gold at spot based on condition and pay no premium if the gold is all you care about. Besides that was the US, who wants to live there lol

Secondly the old, you cant drink or eat it is true in that you cannot but many would be willing to sell food and drink for it. Likely for guns and ammunition as well.

To disregard gold as an insurance policy should shtf is foolish, it has always held value, always. $1 or $1900, doesn't matter.

I am not saying rely on it alone, I would add a water supply, guns, ammo, veggie garden etc.

One needs to be diversified, putting all in on gold or bitcoin would be crazy. I do not believe in gold or use it as a vehicle to make money, rather it is insurance, something bitcoin or any other currency cannot and has never supplied.

Did you know EVERY paper monetary system since conceived by the Romans up until now has failed eventually as well as the economy it was tied to. History shows there is NO reason to have any faith in paper and especially not electronic/internet/cryptocurrency.

Hi you are hungry, need a place to take shelter, whats that you have worthless paper, oh bitcoins you say, ok hand me them so I can go...whats that they are on a stick you say, the internet, oh you mean the one the United Nations now controls and shut down..do you have any of that you cant eat or drink stuff... gold or silver?

"Please take 5 minutes to watch this message..."
...5 minutes...

This is the most boring infomercial I have ever seen.

And I still don't know what the secret currency is...

Gold/Btc/anything only has the value that someone will pay you for it.
If I have all the food/ammo, why would I pay you at all? I shoot you down and take your gold.

The only insurance I believe in, emergency preparedness supplies.
I have a very nice bug out kit, water filter, guide to edible natural plants/survival guide with plenty of natural ways to purify water, 10W solar charger, various tools.
That is my "insurance."

Stocking water makes for nasty stagnant water, canned food rots.

Stored guns/ammo may or may not work depending on how well you shield them from the environment.
Unfortunately if your idea of survival is to hide your house shooting every living soul, you will die as soon as you fall asleep.
"Live by the sword, die by the sword." or Gun in your case.

My point is missed, the world has always seen value in gold, always.

There has been 174,100 tonnes(383,820,860 pounds) of gold mined.

Gold's value comes primarily from hoarders of it in struggling economies.
Once the bubble finally bursts and these struggling economies collapse golds value will plummet.

There is TONNES of gold available, back in ancient times, there wasn't.

To stock water... build a large reservoir, and filter.  Freeze dry....

This is where it would come in handy to have enough supplies not just for yourself,  but for more people,  so you can hire plenty of help  with security:  pay in gold,  or with food, water, and friendship.
Plus some solar powered security equipment ---  cameras, surveillance, etc.

I would suggest having a large enough plot of fertile land where you can grow things,  raise livestock, and you can construct robust physical barriers.....    or select a site that  is unlikely to be disturbed and has natural barriers, such as swampland around it.

Civilization can fall apart around, but if you have fertile soil -- you can still grow enough food to survive,  as long as the disaster is not a nuclear winter scenario, where sunlight is blocked out.

Again, point is, gold is always wanted, is rare and has always had value.

If I cannot rely upon that as a financial insurance policy then Russia, China, India, supposedly the USA/UK (lies) etc are all fools for buying and stocking up on it.

I suppose your theory of what might happen to gold is far superior to 6000 years + of history and world super powers.

Ill go with the history and super powers although you are likely a smart guy, Ill hedge my bet ;)

We all make our beds! ;)
What percentage of the 383,820,860 pounds of mined gold do you have?

Good luck to you when things do go down, I sure hope you can go months without sleep!

Having a large supply of things that starving/dieing people are desperate for.
Brilliant! I've never heard of a better way to avoid being a target.
Let us hope none of your security help has any family/friends that you couldn't/wouldn't help.


If you really want to survive, be nomadic, we as humans began as nomads, we all have it in our blood.

I don't have any, lost it all in a boating accident.

As far as it going down in price, again missing the point of ownership :)

Ownership?!?!?!?!?!? (http://en.wikipedia.org/wiki/Executive_Order_6102)

"gold coins having recognized special value to collectors of rare and unusual coins."
Some coins were exempted from seizure back then, if a executive order to steal you gold is issued again, what makes you so sure the same exception will be made?

I love how during the bubble part they only focus from last August and onward. I'm pretty sure if Mr. Palmer used a longer time period his argument would break down. On top of that, during his brief discussion of gold he talks about how it grew for 12 years before "taking a break." That's such bull crap, it crashed by 30-40% just like uh a certain other thing that he's comparing...But yet one is better than the other.

And his arguments would fall flat in a logical argument. Oh, gotta love it. (Plus it's full of marketing drivel that tirelessly tries to reel you in.)

What alt currency that does the guy talking about? I got tired of listening. He said it is not gold or silver but like gold. What is it?

According to other users who managed to actually watch the whole thing, gold coins.
I suspect the op is probably one of that website/scams puppets.

The website changed? Maybe he heard our sneers across the interwebs.