So everyone likes good investing, but what I'm curious about is, what makes good superior to silver investments? I've heard mixed opinions, where someone says "Gold is a good investment because..." And others say "Silver is a good investment because..."
I own more silver than gold, but I do own both. So which should I focus on?
In case anyone re-enters the good standard, that gold could become very valuable... But silver has the best chance for growth...
So, what's your advice?
Money was backed by gold until the 1970's, not by silver. Also the gold market is bigger, and it can be used to back things, that's why countries look for gold reserves, and less for silver. USD was backed by silver in the early 1900s through 1930s. Google "Silver Certificates"... |
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... China is just being smart, buying gold (and other hard assets) with all of their FIAT$. Like the OP wrote, hardly anyone really knows what is going on in China and what their gold policies are. Owning gold, in your own physical possession, is plainly smart. Whether you are a country (China) or an individual (me). How much gold to hold is up to each one of us. I typically recommend 5% - 20% of one's net wealth to be held in gold, depending (we are at 11%). Only about 1% of Americans own ANY investment (non-jewelry) gold. Besides, gold and BTC do share one fun characteristic: they are both a lottery ticket that may come in large... I wonder whether it will be gold or BTC that reaches FOFOA's $55,000 first... fofoa.blogspot.comLong and hard reading, start in 2009 (yes.....). He is perhaps the top gold analyst in the world. (No, he does NOT like BTC...) So you propose putting 10% of one's wealth into lottery tickets. I think you misunderstand either investment fundamentals or why gold is good to have in your portfolio. |
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Most of them end up being dead wrong?  Where have you been the last 10 years mate? China is hoarding goal and maxing out their credit because they know the Whole credit/debt based economy is about to collapse. Then it's a good idea to have something of real value, and not just stuff that's valued falsly within the economy.. yet another proof of how educated People aren't the brightest.It's easy to judge people when sitting from the sidelines. Think about it this way. You have a family of 300M, you need to provide for them but don't have enough cash (because you're at war or work's not going so well or whatever) so you decided to borrow some money...little, by little. I'm not saying it's right but it's completely arrogant to reduce the context to "educated People aren't the brightest." |
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To those who favor Socialism, please help me understand what the incentive is (under Socialism) for one person to produce more or better than their neighbor?
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Survival of the Fittest is the law of nature. Capitalism is the economic version of this law of nature. There will always be at least one person who has less than everyone else, which by definition would make him/here "the poor". But Capitalism allows anyone to pull themselves out of that poor state, Socialism doesn't have that mechanism. Socialism doesn't have mobility. The freedom of mobility while poor is more valuable than not having the freedom of mobility and being middle class.
Additionally, business breeds business, capitalism success for one results in capitalism success for others...
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Seems to me that the next key step for bitcoin is true mass adoption. The day my dad uses it to buy something is the day I know we've made it.
Problem is if everyone is holding rather than spending, I am not sure how we ever get there. I know that there are many people spending, but the main game is still buy and hold expecting profits through price appreciation. My question is is this changing now that the price feels like it is settling down a bit? Does anyone have the stats?
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Seconded, the Parent Adoption will really be a sign of success. The day my Dad sends me a Motley Fools article about it I'll know we've made it. |
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This one also sold, I bought it for 4.5 BTC plus the costs of insured shipping to ANACS ($29) & their grading fee ($...), which I organized for Scott and paid whilst in the States.
Woah; you are single-handedly bringing up the prices for these coins significantly. You sure like your coins! I think he's bringing down the price of these. Recent graded versions have gone for BTC7 and the BTC to USD price is falling! |
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Ok, from now on we agree to get people to spend Casascius coins like we try to get anyone to use BTC. None of us will set the example, of course, but keep the chatter to a minimum.
Great. See you all in 20 years when we're the only ones with these good coins left.
Hehe, I think the time for that has passed. It is important to realize that it DID happen; but they say, 'a month is years in Bitcoin'. When the coins came out, they were worth about $5 each and many people gave them as casual gifts, gave them to a friend in return for buying lunch, kept them in their wallet with other coins as a curiosity, etc. over half of some coins have been redeemed, mostly being done early on. That time is now passed, and what is left will only increase in value. Well, that's encouraging to hear because I wasn't aware of bitcoin until late 2012 and born again bitcoin until this year. I'm big on getting in after the bull market, ha ha. The only thing that discourages me with the idea of people having used these coins is the the high number that remain active compared to the original mintage. That said, I'm sure a healthy amount of the 1 BTC denominations were tossed in a coin dish or drawer and forgotten about. I think Casascius coins are going to re-define the value of errors. It's going to be fun to watch, errr spend them all cause they're just novelties.  |
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Two steps closer to legitimizing your error coin and layering on some collector value with each step, good work!
Those pictures should be included in the examples of the "errors and oddities" variety...they're just too good to go unused.
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Something about this is hostile. I feel threatened. Ok, ok, calm down. No one needs to get hurt. People? People! Someone, buy the damn chocolate before this gets out of hand!
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Did you just receive it from Blazed?
If so, why are you selling it?
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For the community record, how much did it go for?
Congrats on your sale.
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Were there exchanges back then and did these exchanges accept buyers' money from around the world? How was the process like on Mt. Gox? I'm trying to come up with reasons for why I couldn't buy Bitcoin when they were dirt cheap to make myself feel better for missing out on making a lot of money. Because I read about Bitcoin in 2011 but I didn't pay anymore attention to it and didn't think people would start speculating with it and blow up the way it did  yes your right people from the start knew how valuable bitcoins would eventually become though it was still easy to obtain them well into last year for a very decent price Many people saw the potential right away. There were discussion threads during the 2011 bubble that people would be buying mansions and islands for their Bitcoin soon. While that may not have not happened yet, were are still on track for that. How high do they expect bitcoin to go up? I expect it to go down. Once all have been mined it may grow in value some. What percentage have been mined so far? |
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Corrections are healthy!
More merchants accepting BTC will lead to greater liquidation (from those merchants) in the short term but the improvement in awareness among customers and adoption by other big merchants will grow the market.
The problem is the balance between investment and medium exchange, the latter won't lead to higher prices and IS the primary objective of the currency.
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Here is my suggestion for anyone that wants free bitcoins:
Go out to a street corner and beg for money. Then use the money you receive to buy bitcoins.
That's how you get bitcoins for free. I guarantee that you will get more bitcoins that way than you will get from begging online or by visiting faucets.
Do you pay beggars in Sunnyvale? I doubt it... |
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I do, but only for security when working from home or on the road.
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Sold!
Coming in for the real thing, ya big galute!
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How can I add a hyperlink to a keyword or phrase in a post on this forum?
Thanks.
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Find a way to offer a service which will pay you in Bitcoin....^^^^^^.
There's an auction sub-forum here (find it in Marketplace) which may find you someone looking for services and willing to pay in BTC or you could always. Snoop around here and I guarantee you'll find something good...vvvvvv.
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