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Author Topic: Because of Bitcoin, I cleaned a coinstore of its silver today  (Read 629 times)
BigIron
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March 22, 2013, 06:03:41 PM
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I bought some coins last year, traded them for gold not long ago. I took gold to local coinstore today and took every piece of silver in the place. Store owner has no clue about Bitcoin and wasn't interested in hearing about  it either. I didn't feel bad cuz he shorted me last year. I'll own his store by next year.

Bitcoin: all your money are belong to us.
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oah
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March 22, 2013, 07:39:25 PM
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I think it is interesting to compare bitcoin with gold! Here you have some relevant charts: https://bitcoinity.org/charts/gold

12FeQHF4tjZBTVjy6GFjYFeM8Bnt4rdGCu
tkbx
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March 22, 2013, 08:02:42 PM
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Why would you feel bad giving them as much business as they're able to take?
Bennmann
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March 23, 2013, 01:45:35 AM
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Is silver really going to do better for you than bitcoin over the next few months?

I guess it's a little more Zombie Apocalypse proof....
jr3951
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March 23, 2013, 02:11:51 AM
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Is silver really going to do better for you than bitcoin over the next few months?

I guess it's a little more Zombie Apocalypse proof....

I doubt people would bother with silver or gold in a large enough event, true currency will be food, water, medicine, illicit drugs/alcohol and of course guns

but barring the 6th great extinction bitcoin is the way to go
barney64
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March 23, 2013, 03:11:43 AM
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I bought some gold/silver on the advice of a financially 'knowledgeable' colleague. He made a case for it going up quite considerably, but that was a year and a half ago.

I think gold/silver has its place to maintain wealth, but for it to go up in rapid steps would require complete monetary meltdown, ie. the kind of circumstances that jr3951 mentioned. Ultimately its just shiny metal, with limited use outside advanced manufacturing.

I dont know enough about bitcoin yet to make a judgement.
Feldspar
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March 23, 2013, 03:16:25 AM
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About 10 years ago, my step-dad at the time gave me a gold Kruggerand as a graduation gift, which my mom kept and which I forgot about.

Until last January when I was in a money pinch and she mentioned she still had it. Worth more than what he paid for it by a ridiculous amount. And I sold it at the right time, too, because gold hasn't really gone much up past that point since.
djdollabill
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April 02, 2013, 04:23:06 AM
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I bought some coins last year, traded them for gold not long ago. I took gold to local coinstore today and took every piece of silver in the place. Store owner has no clue about Bitcoin and wasn't interested in hearing about  it either. I didn't feel bad cuz he shorted me last year. I'll own his store by next year.

Bitcoin: all your money are belong to us.

Would you buy silver for bitcoin?  Why are you interested in trading gold for silver?
highandwired
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April 02, 2013, 04:26:51 AM
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Why are you interested in trading gold for silver?

Because of the gold to silver ratio.
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