Let gold do what it has been doing for over several years since 2008; down.
Gold 17% up year to date.  What has bitcoin done since the end of 2013? down -  |
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Wouldnt it just be better to stick with 1 precious metal then to spread out other ones?
This is just me, but if the general market is huge for a known metal and very few are aware of platnimum who are you selling it back to?
I`d stick with gold only cause people are more aware of it.
Depends where you live. In the UK gold is tax free (legal tender gold is also capital gains tax free) but silver, platinum, rhodium etc. all incur 20% VAT. You can source silver cheaper from Europe but the spreads are still huge compared to gold which I can grab for 3% over spot. Rhodium hit an all time high over $10,000 an oz, it is now under $900 an oz, you can see why people may be tempted to have a little gamble  Platinum is traditionally more expensive than gold and is rarer, currently its cheaper than gold so may have more upside potential. Gold silver ratio is also currently way higher than the traditional norm so silver may also have massive upside potential in the short term. |
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The Platinum group metals (Pt, Pd, Rh, In, Ir, Ru, and Os) all all quite rare.
Supply shocks are not uncommon due to the rarity and the geographic concentration of ore deposits of these metals.
Only Pt and Pd are non-brittle enough to be made into a usable coin or ingot.
I believe that owning a bit of both is a good inflation hedge.
You can also get rhodium coins and bars. http://www.goldline.co.uk/rhodium-bars.page |
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The global economy is screwed. More and more people are beginning to wake up to the fact and now there is a large flow of cash in to gold for safety. This will continue to drive gold price to all time highs, just wait until Amercia gets a taste of negative interest rates and see what happens  |
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As you state Platinum is classed as an industrial metal with its main use being used in catalytic converters.
My main worry is there are several synthetic substances under development with the aim to replace platinum with a cheaper alternative in catalytic converters. If this happens then platinum will crash and never recover.
I have a little platinum but my main stack is gold.
I am also thinking about getting a little rhodium too.
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LoL! As far as i know, Terrorism has no Religion. They could have shouted something else or they can even be in another religion
and shout "Allah Ackbar" my point is a terrorist is a terrorist. The World need to fight Terrorism not Islam and when I say the World,
i mean everybody with no exception of Religion.
If you were fortunate enough to deport every Muslim within your country, would the terrorist threat - a) Significantly decrease or b) Significantly increase I would say terrorism does very much have a religion of choice. |
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Where are the Muslim apologetics when you need them? Religion of peace?
Islam should be outlawed in all Western countries. And people breaking the law should be send back
to the 6th century countries they came from. Period.
This behavior is not acceptable in the 21st century.
Totally agree, sick to fucking death of the lot of them. I am not sure how many religions there are in the UK (a lot and the others never cause any problems) but there is only one I ever keep hearing about. Constantly making demands that we change our culture to suit them (Childrens Christmas plays, whats on menus etc), how hard done by they all are and how racist we all are. Well guess what you fuckers have turned me in to complete and utter racist against everything Islam, if I had a magic button to make each and every one of you disappear off this planet I would continue to hit it until my hands bled. And its not just me, nearly everyone I speak too thinks exactly the same but are too afraid encase they are branded "racist", you dumb fuckers have pushed your luck too much and its going to bite you in the ass sooner rather than later. |
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you must beat them , if she do to much negative action
Fucking idiot. |
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Shall we play a game of "guess the religion"
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Is there an ETA for the wallet?
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Surely it's expensive for retailers though? The VISA network charges vendors up to 5% of the transaction. Whereas when you accept cash there is no cost.
Shifting to a cashless system would cost retailers 5% of their sales -which they would pass on to their customers. Have prices risen in Sweden since they implemented this?
It is also expensive for retailers to handle cash. Why do you think they offer "cash back" when you pay by card, they want the physical money out of the shop. |
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The global economy is well and truly fucked.
If I get my share of helicopter money it will be going straight in to gold
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A cashless society is giving complete control over to the bankers.
When implemented (which will happen sooner rather than later) you can expect the following -
1) Negative interest rates - spend your money or watch the balance shrink daily
2) Bail in's - Laws already in place, you are classed as an investor in the bank. When the bank folds you loose your cash.
3) No more bank runs due to point 2 as there is no longer any physical money to withdraw.
4) Every transaction you make is logged and audited.
5) Not classed as a "good" citizen, they will freeze your account leaving you destitute instantly.
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put a limit on the salary, a maximum that regardless of who you're you can not exceed
stop printing rubbish paper endless, put a limit on printing, increase the value of each unit of your money and not their numbers
make it more difficult maybe to acquire fiat, so point 1 should make possible point 2 at leats in part
point 1> So you are happy to have the brightest and best of your country just up and leave, moving to another country that pays better? point 2> Inflation/deflation of currency cannot be easily controlled as recent financial policies have demonstrated. You cannot simply dicatate what the "value of each unit of your money" buys. point 3> Fiat drives the economy, when it dries up it all falls over. They want people spending and going ever in deeper debt to do it. |
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Hello friends.
I must apologize for helping crash the ethereum market. My wife gave me an ultimatum, either it was her or the ether. I followed the good advice in this thread and sold my position.
Thanks again and sorry for the dump.
Pussy whipped and retarded  |
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Gold is good but bitcoin is very innovative product to invest in and it will overtake gold in future for sure, the only thing is that we should give some time to bitcoin to grow.
1) How much time do you think it will take bitcoin to overtake gold? 2) What will be the driving force to increase bitcoin's market cap which is currently 0.086% of gold's to >100% 3) Where is the $7,358,928,259,382 going to come from that is required to be invested in bitcoin to exceed Gold's market cap? |
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Based in Dublin again, probably same people behind eurgold
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So you trade gold and silver for goods and services.
Gold did exist long before fiat and was used for trade previously.
do you appear to trade gold directly nowadays, for what you want to purchase? i'm not using gold, so i'm asking, if this is possible, or it must always be exchanged for fiat prior to this? The statement above was in response to your posts below - i mean in a distant future when travelling around the universe will be easy, gold will be dumped more easily because it will not be rare anymore
i was not talking about the first attempt at travelling on another solar to find more gold, that actually will increase the gold value at first
I think the development of practical quantum computers is more likely than zipping around the universe mining gold. If that happens it could render encryption useless making bitcoin worthless. it could render everything worthless, everything is secured by sha256, not that i think quantum computer wil pose a threat to sha256 Pretty sure my gold is not secured with sha256  well but the value is given in fiat, and fiat will be worthless So if fiat, bitcoin etc. became worthless then people would revert back to a trade/barter system and precious metals would factor strongly in this system. |
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