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deutsche bank is on right on the edge of going tits up and requiring bail out that the German government has already stated they will not give.
If this does happen watch the price of gold go vertical.
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I love gold but there is no doubt that holding gold has some problems.
1) Gold is expensive.
One of the main advantages of gold is that it is dense form of wealth. If you want to carry hundreds of kilos of metal around buy lead or copper. |
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gold price is also artificially inflated not like bitcoin which is small and depend exclusively by supply and demand, i don't see this with gold, also spread in gold is ridiculous low, you need to leverage every day
Most people seem to believe the opposite, that is gold is suppressed through paper gold manipulation that that in no way reflects physical supply e.g. comex is currently leveraged about 550 paper gold oz to 1 real gold oz. |
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Not retarded just very tired  Some people actually work hard, pay taxes and dont live off government hand outs  |
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I buy silver at spot locally all day long, I never pay anything over spot. Come to my town and I will introduce you to my vendors.
Lets see a pic of your huge silver stack with a piece of paper with your username and date on it then. I call bullshit. |
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Since they believe crackers are the master race, surely they're all so superior that they'd never need a food bank? Something isn't adding up.
Perhaps if they werent dishing out billions of $ to support blacks in Africa for example there would be more cash in the pot to look after their own. |
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You do realise that you will need to transfer your colateral to an Escrow. I got a suspicion you wont be doing that as you probably dont have it  |
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enoch powell was right. the black man now well and truly holds the whip hand over the white man.
i don't know about the rest of you but i'm getting tired of blacks being given a free hand to create mayhem. every time they pull this shit the police are told to stand down. what's it going to take for them to be given the order to shoot the bastards? watch the video of them jumping over a police car. someone explain to me why they are not exterminated?
I think the answer to that is Trump |
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What do class as long term/ short term.
For me under 5 years is a short term investment.
I made a good profit over 2 years on gold cashing in on the Brexit gold price spike. I made enough profit infact to pay off my mortgage and have some fun money left over.
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Gold is waste of time.
So how did you come to that conclusion? I presume you are unaware : 1) Gold price charts showing a 30% price increase Y2D 2) The fact that gold has outperformed stocks for the last decade 3) Gold is at the start of a new bull market with many predicting $5000 by 2020 Another prime example of someone that hasn't got a clue feeling the need to spread his infinite wisdom Gold purchases are now quite easy, and the premium is going down. The last time when I purchased a 1g gold coin (1/32 oz.), I paid just 1% premium to the bullion merchant. Compared to that the premium for BTC is slightly higher. In my area, it is not possible to find some seller in Localbitcoins, who is willing to sell coins for less than 3% premium.
That is a great deal for such a small fractional piece of gold, I am now sticking to gold sovereigns and paying 2% over spot. |
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awesome31312 stop trying to dish out the white guilt, no one gives a fuck. If it wasnt for the white man you would still be living in a mud hut throwing a spear at your dinner. Countries like Zimbabwe "The bread basket of Africa" thrived and prospered under the white man, under black rule its now a dust bowl with currency that is literally used as toilet paper. Perhaps you need whites to govern you as you are incapable of doing the job yourselves. And before you start bitching what a racist I am you are no different as you obviously have issues with whitey, but I forgot blacks cant be racist right  |
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yes it is necessary but you don't need a fast connection with bitcoin, you can go away and use a very slow collection and your wallet will be working fine, gold on the other hand can't be used everywhere to buy stuff i think, so it's very limited
You can go to any town or city anywhere in the world and easily transfer gold into local currency and buy anything you want. Try that with bitcoin, the reality is that bitcoin has a tiny market cap with minimal real world adoption. |
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I just cannot understand why any German would vote for Merkel considering what she has done to the country.
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no i do not hate muslims, muslims are the most peaceful people of he world, you people just need to study about them, although there are some elements who are spreading wrong propaganda against muslims but the reality is some thing else you need to study about the and you will really get some good informations and fact about muslims.
Can you give some examples of some peaceful and tolerant muslim countries? |
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I like this both
bitcoin for trading everyday and gold is an investment for the long term.
bitcoin is a more than interesting investment for the long term. especially when you look at the potential of both options and put them together to compare which one has more room for potential growth. and that one will be bitcoin. just imagine what will happen with the price if bitcoin lives up to all the expectations from people. Look at the historical correlation between gold and money supply then come back and tell me which has the most potential upside. |
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OP is just another scamming scrotum.
This thread just needs locking
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I don't think CBDC can challange or replace bitcoin as for sure community/society will not love centralized currency even if it have same functionality like bitcoin obivously without anonymity. People don't like to use the crypto currency that is just another form of traditional electronic currency which is controlled by central banks, government and are taxable.
Most people wouldn't even notice it care. Pay goes into account as digital currency, they spend it. Everything else is irrelevant. They may not be able to physically ban bitcoin use but they could impose a 10 year prison sentence and a huge fine for those caught doing so. That would be enough to deter most. |
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For earning from gold you will have to wait for years to get a few hundred dollars profit while with bitcoin you will get that amount in a few weeks or months.
If this is the case and profit is a guaranteed then why hasn't any major investor or hedge fund jumped into bitcoin? If you think profits are guaranteed you need to take a second look. From my point of view bitcoin has now stagnated, the most exciting thing for a long time (apart from all the exchange hacks) was halving and thats it. No mass adoption, no new killer apps, no new big investors or innovation. Moving forward I cant see anything that is going continually drive the price upwards apart from the usual pump and dump whale games. |
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Once the governments remove cash, they will start passing laws against gold, so you will get your gold stolen as you try to cross a border or as you try to pick up a plane or something. Then the idiots that didn't buy bitcoin and learn how to use it, will regret not doing so.
They won't need to pass any laws. Gold prices will skyrocket instantly overnight so no-one will be able to buy (or sell) gold anymore. People who own gold won't be able to sell it because no-one gonna want to buy overpriced gold which can crash at any time. That's a softban. I disagree central banks will give all the paper you want for it. That is correct that gold is not affordable for investment, that is why more people much prefer to invest in bitcoin and also there is entertainment can do in bitcoin there is gambling or trading and also we can get more income in bitcoin that gold.
If you think more people invest in bitcoin than gold then your stupid. 72% of gold investment is in jewellery, bars/coins. Total gold cap = $7,893,311,814,253 Investments = $5,683,184,506,262 Bitcoin market cap = $9,662,903,812 = 0.12% |
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