As far as I can tell, reading and thinking will tell you what the gold price ought to be.  The rich people have had thousands of years of practice at getting the market price to zigzag on 100 year timescales around that and spreading lies to catch out rival factions who tried to zag while the other lot had agreed at Davos to zig instead.  Or was that zag?  Well anyway, a ticket to the zigzagger master planning meeting costs so much that anyone who buys a ticket has to give all their gold to the rich people. 

Likewise, oil ought to be getting a CO2e international climate change damages insurance premium putting its price and profit to way off what happens at present.  We won't see a sensible gold price while the rich people are getting encouraged to sell oil at such a low price.

Bitcoin was put forward as a possible solution to the problem of the rich people holding all the gold in the world, selling it at a high price, buying it back cheap a decade or two later, and repeating that since ancient times.

Thank you. Can you link me to your post about you selling your asics? 

crap I should of seen that I did not even specify! My bad.

I am a beginner on this form so I was confused why third party escrows were not used. Now it makes sense.

So pretty much a user on here is the escrow?

Nah doesn't hurt my feelings. Just proves you a fearful idiot. Just because you thought of a great way I could scam, doesn't mean I would. You have zero proof that i would or wouldn't, you are just stating a theory that a newbie would scam. I obviously struck a nerve if you are resorting to more insults. My name is actually very dear to me and I wouldn't get rid of this account or screen name even if someone offered me 100 BTC for it.

BTC is an investment with HUGE systemic risk.

Gold is an investment which has proven itself as a store of value for the entire duration of human civilisation.

BTC has bottomed out (for now) in 2015 for sure. Gold may have just bottomed out, or may still be bottoming out. Whatever happens, providing you are thinking in terms of a 5-10 year investment, now should prove to be a tremendous time to buy gold. Down almost 50% on it's 2011 high!

In terms of growth of profits, you are likely to see far more potential yield in the immediate future with Bitcoin, but if you fail to time your exit well, also far more potential for evaporation of profits.


I believe we are entering the final wave of the 'fear cycle'. Expect massive market corrections in the next 18 months. Usually under these circumstances, hard assets or safe haven assets do very well, as the fear, uncertainty, and doubt, drive people away from investments with counter party risk, and into things which are 'solid'. If the market can be tricked into believing that Bitcoin is a 'hard asset', then we may see blistering gains in Bitcoin compared to gold, but the core difference will always remain, that gold is real, it is formed within a very narrow band of time in the final moments before a star goes supernova, hence it's rarity across the entire cosmos. Bitcoin on the otherhand, is vapour, and one day, it will be revealed to be nothing more than that, whethet that is 5 years, or 50 years from now.

Gold is an insurance policy, BTC is about as highly speculative an asset as it gets. Do what makes you feel good/comfortable with yourself.
 

Just ignore the prick and he'll get board and go away.

Hello,

I need urgently 1 mbtc.
I will pay back 2 mbtc.
Collateral:300 YOCOIN and 240 SPLIFFCOIN.
I need urgently.
Cause:I have a strategy for a 500x profit.(Please dont ask me about)
Thanks!

I'm not so sure. 
What scanner could discern a solid Iron pen form a solid gold pen? They would both be visible as a silhouette, but the scanner operator could not tell what the object is made of. Just don't melt it into the shape of a pistol. lol