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"You Asked For Change, We Gave You Coins" -- casascius
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1Referee
Legendary
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Activity: 2170
Merit: 1427
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November 18, 2015, 09:44:27 AM |
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I wonder if people will try to search through the entire ground of Utah to find the burried Gold and Silver being worth $10M. Not very smart to share such information with the outside world
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Denker
Legendary
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Activity: 1442
Merit: 1014
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November 18, 2015, 12:13:14 PM |
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So he digged a few holes in the desert of Utah to hide his precious metals there and is now shouting that out into the public? If true that's not very smart. I already can see treasure hunters out there scanning the ground with their metal detectors.
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defaultking
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November 18, 2015, 12:24:47 PM |
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Yeah that's crazy. Even if you don't find everything and just find a piece of his fortune (a small piece at that) most people would still come out positive than working that year at their current day job.
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RealBitcoin
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November 18, 2015, 01:48:57 PM |
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Its a very good move, although I would have not disclosed its location, not even the area.
Because now every "treasure hunter" will search the place for his treasure and try to steal it.
If I were him, I would have purchased a cave, and built a fortress underground in the cave system, and put my gold there. With that kind of money its totally possible.
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richardsNY
Legendary
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Activity: 1232
Merit: 1091
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November 18, 2015, 02:04:49 PM |
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It's just insane that some one will openly speak about where he hided 10 million worth of anything somewhere in Utah. Also, 10 million to survive 3 months of freeze?
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enhu
Legendary
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Activity: 2492
Merit: 1018
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November 18, 2015, 02:33:46 PM |
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I suppose he had it in mind really before announcing it. That must be to divert people checking his properties for his hidden stash. This might not even be true.
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cellard
Legendary
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Activity: 1372
Merit: 1252
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November 18, 2015, 03:10:45 PM |
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So he digged a few holes in the desert of Utah to hide his precious metals there and is now shouting that out into the public? If true that's not very smart. I already can see treasure hunters out there scanning the ground with their metal detectors. Yep this makes 0 sense. It's like getting all of your money in Bitcoin because you sense an imminent collapse and want to get your money out of the banks which will surely make your money disappear, and after you do this you say it all over the internet. Whats the point??
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randy8777
Legendary
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Activity: 896
Merit: 1000
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November 18, 2015, 05:03:07 PM |
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this all might be part of a pr stunt. ceo of overstock is a wise man, can't see him put that much gold and silver under the ground. it doesn't make sense if it isn't a pr stunt.
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NorrisK
Legendary
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Activity: 1946
Merit: 1007
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November 18, 2015, 09:36:51 PM |
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It's probably locked in a bunker with a sophisticated alarm system and a lot of guards.
Put into the ground in the wilderness does not neccesarily imply that the gold and silver were actually just hidden a plain old hole in the ground. He might have, and probably has taken measures to protect it if he really did place it there.
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Amph
Legendary
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Activity: 3206
Merit: 1069
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November 19, 2015, 08:21:59 AM |
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i would do the same with paper wallet and bitcoin to be honest, would be about 30k bitcoin with he current price
gold will not increase much more is there since ages, bitcoin has much better potential
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Mickeyb
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November 19, 2015, 02:20:58 PM |
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I wonder if people will try to search through the entire ground of Utah to find the burried Gold and Silver being worth $10M. Not very smart to share such information with the outside world I am sure there will be people that will if not try, then at least scratch on the surface of this statement to see can they obtain some more info about this, just to see would unit be available to maybe find his stash! I just hope that Byrne has hid it really well and hasn't left any traces, otherwise making this public would be very, very unwise!
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WhatTheGox
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Activity: 812
Merit: 1000
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November 19, 2015, 02:37:06 PM |
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Its a very good move, although I would have not disclosed its location, not even the area.
Because now every "treasure hunter" will search the place for his treasure and try to steal it.
If I were him, I would have purchased a cave, and built a fortress underground in the cave system, and put my gold there. With that kind of money its totally possible.
Do we know for sure he hasn't give people the wrong location, wrong amounts, wrong anything? I would do the same if i could tbh.
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darkangel11
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Activity: 2352
Merit: 1347
Defend Bitcoin and its PoW: bitcoincleanup.com
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November 19, 2015, 03:10:48 PM |
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I think he'd be better off spending some of these money or even giving to charity. Why would you even need these kind of money. In case of breakdown nobody will be thinking of supplying him the things he need in exchange for his gold and silver. They will all be planning a heist
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