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2381  Economy / Economics / Re: Bitcoin or gold? on: July 09, 2015, 08:37:27 PM
Why not buy silver instead of gold. There will be no more silver in the ground within 10-20 years..

20% VAT in the UK thats why Sad  (can source it from germany but premiums are still way higher than gold)

Gold is VAT free and if you get legal tender gold such as sovereigns or Britannia's they are also capital gains tax free too.

I currently have 37.9 troy oz of gold that fits in a nice small safe.

If I converted that into silver at the current GSR would equal 3032 oz or just shy of 95kg.  I know which I would rather carry around if the shit hit the fan.
2382  Economy / Economics / Re: Bitcoin or gold? on: July 09, 2015, 08:32:35 PM
Bitcoin unlike gold only 21 million bitcoins will ever be produced. In other words it has what gold doesn't, it's extremely rare per bitcoin.

21 million bitcoins that are infinitely divisible so not rare Wink
2383  Economy / Economics / Re: Bitcoin or gold? on: July 09, 2015, 08:03:54 PM
Gold is obviously in a bubble right now
it started crashing and the fed bailed comex out look it up, its rigged and propped to be high.  Buy it up if you dare, at 4x real price.

Bitcoin is right about right at its current price will be going up
i wrote these articles about it.  Not gold but i just told you about gold

http://altcoinpress.com/2015/06/bitcoins-recent-morph-into-an-entirely-new-animal-in-embryo/
http://altcoinpress.com/2015/07/tin-foil-hats-duck-duck-goose-and-what-it-means-for-bitcoin/

Think you need to get your facts right first -

Comex were about to default not due to the price crashing-

http://seekingalpha.com/article/3247676-did-comex-just-receive-a-physical-gold-bailout-from-the-feds

"
    On June 1, 2015, JPMorgan added almost exactly enough ounces of physical gold to patch the deficiency between supply and delivery demand at COMEX, avoiding widespread dealer default.
    Declassified documents, along with strong circumstantial evidence indicate that it was not JPMorgan, but its most important customer, the US Federal Reserve, that just bailed out COMEX.
    The deficit in world physical gold supply will be at least 606.1 tons in 2015, but may be much larger, and similar incidents are likely in the future.
    The deficit in world gold supply versus demand will grow much larger in 2016 and beyond.
    Even if the entire remaining US gold reserves were mobilized, prices could not be permanently held down to current levels, making gold and gold mining stocks a good deal now.
"

Gold is suppressed not propped up.

Average sustained costs of mining 1oz gold is $919, also add in transport costs, minting and retail costs and I think your 4X value is bullshit.

Wait until china goes pop followed by a few EU countries then we'll see if gold is currently 4X real price!

p.s. I also suggest you read up on current gold/silver demand and shortfalls in physical supply.
2384  Economy / Trading Discussion / Re: How to turn 20 BTC ($5000) into EUR SEPA ? on: July 08, 2015, 09:07:38 PM
If you deal with any member of this forum no matter what the trust rating use escrow - OgNasty has proved himself time and time again to reliable.
2385  Economy / Economics / Re: Bitcoin or gold? on: July 07, 2015, 01:18:50 PM
With bitcoin you know for a fact, that there will be only 20999999.9769 bitcoins out there (maximum global supply ever), not a single bit more Smiley

I guess it would take only a few minutes to change that condition (at least, there is a possibility of doing just that). You can't do that with gold by any means, no matter what you try, that is, increase the amount of gold by some arbitrary decision...

Even if you get consensus over that

Agree with the above, all it takes is for the devs to change their mind and a few key strokes later its BTC to infinity.  Gold was made in the center of a supernova, wont be any time soon that happens again here on earth in a cost effective way.

@ Realbitcoin, what if one or a few of these big BTC holders suddenly decide to cash out their stash, still the top 1% hold the majority of the wealth just like the dreaded fiat, they could easily manipulate the market at will -

BITCOIN TOP-500: 1-50 (https://bitcointalk.org/index.php?topic=321265.0)

1.  BTC 980,000*. Satoshi Nakamoto
2.  BTC 400,000*. HD Moore (AHA)
3.  BTC 400,000*. Dustin D. Trammell (AHA)
4.  BTC 400,000*. Tod Beardsley (AHA)
5.  BTC 350,000*. "Dread Pirate Roberts" a.k.a. "DPR"
6.  BTC 300,000.  Roger Ver
7.  BTC 300,000*. "knightmb"
8.  BTC 200,000. Mark Karpeles
8.5  BTC 182,592. "Loaded"
9.  BTC 174,000*. FBI (Federal Bureau of Investigation, USA)
10.  BTC 119,000. AsicMiner Management Team of 3 (names?)
11.  BTC 110,000. Cameron and Tyler Winklevoss
12.  BTC 100,000. "klaus"
13.  BTC 100,000. "mezzomix"
14.  BTC 75,000. "artforz"
15.  BTC 70,000. Erik Voorhees
17.  BTC 30,000. "nakowa"
18.  BTC 30,000. Mircea Popescu
19.  BTC 30,000. "Goat"
20.  BTC 25,000. Chamath Palihapitiya
21.  BTC 25,000. Gavin Andresen
22.  BTC 20,000. Max Keiser
23.  BTC 20,000. "Theymos"

2386  Economy / Scam Accusations / Re: Waldohoover (aka coiningsolutions.com / DidHeJust ) stole 16.64122524 btc on: July 07, 2015, 12:59:31 PM
2387  Economy / Economics / Re: Bitcoin or gold? on: July 07, 2015, 11:02:59 AM
Canned meat can be stored a few dozen years. But I guess if that was a question, you should better care for the safety and preservation of your ammo...

Yes but you want a very value-dense material, in the sense of most value / less volume (m^3)

So the best thing for that is diamonds, not gold. Diamonds have the most value / less volume, so i dont understand why you go with gold.

Unlike diamonds, gold is divisible, and, what is more important, gold is standardized, that is, a given bullion of some purity is not much different than other such bullion of the same purity. There are no two diamonds that are identical and valued identically, hence raises the difficulty in assessing the value of a certain diamond...

In short, no one will care for diamonds when canned beans become the staple of one's diet

Diamonds and precious stones in general are a poor investment.

Diamonds are controlled by a monopoly - DaBeers, they are not particularly scarce just the supply is controlled.  They can also be recreated to perfection in a lab which DaBeers is currently having a nose bleed over and trying to paper over with propaganda.

2388  Economy / Auctions / Re: [Auction] 1kg silver coin NIUE ISLAND 2012 9X2$ ANDREI RUBLEV 500 sets worldwide on: July 06, 2015, 10:23:53 PM

ebay rate does = market rate, why pay you £300 more when you can grab it off ebay cheaper  Huh

plus you get the added benefit of paypal protection.
2389  Economy / Auctions / Re: [Auction] 1kg silver coin NIUE ISLAND 2012 9X2$ ANDREI RUBLEV 500 sets worldwide on: July 06, 2015, 07:52:14 PM
Current market rate seems to be around 6BTC

http://www.ebay.co.uk/sch/i.html?_odkw=niue&LH_PrefLoc=2&_sac=1&_sop=3&LH_Complete=1&_osacat=0&_from=R40&_trksid=p2045573.m570.l1313.TR11.TRC1.A0.H0.Xniue+ANDREI+RUBLEV.TRS0&_nkw=niue+ANDREI+RUBLEV&_sacat=0
2390  Economy / Computer hardware / Re: Bitcoin Antminer s4's on: July 05, 2015, 03:15:19 PM
Selling Bitcoin Antminer S4's today. Local pickup or i can ship.

Quantity - 16

1@$250.00usd(bitcion)
2@$225.00usd(bitcoin)
10@200.00usd(bitcion)
or buy them all
16@$175 each..

Packages are right at 22lbs.

If interested PM me or post. Ill do my best to answer as fast as possible. Due to the need of funds, i will require HALF upfront, and the other half when you get the packages. I have NO time for escrow bs. Serious only.


Thank You

Ships from U.S.



3.2.1 and red trust lol.

Never gonna happen.

p.s weight is quoted here as 36 lbs per unit so how are yours 22lbs?

http://www.amazon.com/AntMiner-S4-~2000Gh-0-69W-Bitcoin/dp/B00NWHT18A

and here -

https://bitmaintech.com/productDetail.htm?pid=00020140916100720380cS1tRWd00684

2391  Economy / Speculation / Re: Speculation: Greece abandons the euro and adopts bitcoin on: July 03, 2015, 08:51:57 AM
The greek government have no money, how would they source the BTC for the change over.

Much cheaper and easier when you can just print your own currency.
2392  Economy / Speculation / Re: Eyes on Greece? on: June 28, 2015, 09:10:23 PM
http://m.rte.ie/news/2015/0628/711122-greece-economy/

-Greek banks won't open Monday to prevent bank runs
- ATMs have been drained of cash over the weekend
-Creditors want pensions cut AND taxes raised

I know I'm keeping an eye on this situation, as this could very well happen in other parts of the world soon. I think btc could start looking like a  REALLY attractive way to get peoples cash out of a collaspsing financial system...

+ Gold & silver
2393  Economy / Collectibles / Re: 1 troy ounce 2015 Gold Buffalo for sale, 99.99% pure on: June 28, 2015, 02:33:27 PM
Thanks for the tip. I've sold several eagles to a local gold dollar at spot for cash, so I'd definitely go with that instead of sending my coin through the mail. She's the one that kept insisting I get a buffalo actually, glad I took her advice. Once I got the coin I decided I would not sacrifice it for spot, and probably would keep it to play the gold market, at least this first one.

Yeah, I follow you on that one. It is very easy to get emotional attached to gold coins. I tried to sell one of my panda's ... but just could not let it go (still have it).
Nevertheless it is important to keep in mind why you bought it, if it was a gold investment then do you need to treat it as a bullion and sell it for what ever small % over spot you can get. If it was bought as a semi collectible, then will you need to keep in the mint seal for many years.

The gold market awards no premium to what ever emotional attachment the seller might have to the coin.

Same thing with quite a few users on here with their "HOLD" approach to BTC no matter what the market circumstances praying for the moon.
2394  Economy / Auctions / Re: [Computer Hardware] Selling 6 GPUs (nvidia 750TIs 2GB Asus/Palit) + mobo 4 free on: June 28, 2015, 12:33:04 PM
mmmaybe = Turn0ff
2395  Economy / Auctions / Re: [Computer Hardware] Selling 6 GPUs (nvidia 750TIs 2GB Asus/Palit) + mobo 4 free on: June 28, 2015, 12:32:19 PM
1.6 BTC

Thank you! crsminer bid of 1.6 is now the highest and leading the auction of the cards.

Posting from the wrong account  Wink
2396  Economy / Collectibles / Re: 1 troy ounce 2015 Gold Buffalo for sale, 99.99% pure on: June 28, 2015, 06:44:28 AM
very nice coin indeed...does it come with a certificate of authenticity?

No bullion coins come with a COA, the buffalo coin contains such fine detail in the design its easy to spot a fake.

The one in the pic is still in original mint packaging and defo 100% genuine.
2397  Economy / Economics / Re: Bitcoin or gold? on: June 27, 2015, 10:07:16 PM
Was watching a program recently and they were saying that fort knox does not have that much gold yet they everybody claims that is where all the US gold is kept. Then why all the high security to keep an empty building protected when it has little gold in it?

Think you kinda missed the point of that program, they wont admit there is fuck all left and will not allow an independent audit.
2398  Economy / Economics / Re: If Greece defaults on: June 27, 2015, 12:35:51 PM
If Greece defaults - will be similar to some African countries. International funds will not give money to Greece and nothing more.  Grin

Firstly not sure why you find the above funny as a lot of hard working honest normal people are going to suffer.

Im sure Greece existed and prospered pre EU and scamming bankers for 1000's of years.

They need to tell them to stick the debt, default and make a fresh start with their own currency working with Russia/China.

Fuck the bankers.
2399  Economy / Economics / Re: Greek referendum on: June 27, 2015, 12:29:49 PM
The Greeks were not in a position to join Europe in the first place.

The books were cooked with the help of Goldman Sachs (with a Eurozone nod) to get them in.

Greece should default, reprint the drachma and take some short term pain and regrow their country by working closer with Russia/China.

Iceland seem to be doing just fine after jailing a few bankers.

Fuck the bankers.
2400  Economy / Economics / Re: Bitcoin or gold? on: June 27, 2015, 12:16:48 PM
I think that hiding fiat as cash is not much harder than hiding physical gold or silver. In fact, paper money is even easier to hide. You can't saw a gold bullion in half (of course, you can physically, but I guess that would be the last thing you might want to do), but you can easily divide a stack of cash (of the gold nugget's worth) into smaller portions and hide them in different places...

I was just implying that storing the wealth in the form of fiat banknotes might take up a lot of space when compared to storing the bullion bars / coins or diamonds, making it more prone to seizure by the state.

Not the same. Gold has all the good money qualities. It is easy to recognize a good coin by the feel in your hand, not so with precious stones.

Recently, 10 Oz (321.5 gram) gold bars in New York were found having a titanium core inside. So it is possible to fool investors and collectors with bullion coins and bars.

http://www.businessinsider.com/fake-gold-bars-2012-9?IR=T

That story is from 2012 so not recent and its tungsten not titanium.

There are fakes and scams wherever there is money present.  Take a look in the scam section of this website and thats not including some of the huge scams that have taken place for some serious amount of BTC.

As with everything due diligence is required.

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