Historical gold price

[Herodes]

As bitcoin is digital gold, will it follow the same development curve ? Bitcoin hasn't reached the value of 1 oz gold as it was back in 2004 yet, the question is - will we see that in the future ? I think we will. And from there, who knows where it's headed.. What do you think ?

[zoinky]

Yes.

[nobbynobbynoob]

Long term, I believe both bitcoin and PMs are seriously undervalued, but it seems society or "the market" - possibly manipulated by banksters/TPTB - doesn't agree with my sentiment. Yet.

In an extreme "Mad Max" SHTF collapse scenario, if things really turn that sour, we're all doomed for anyway, and either death or running for holes in the hills with provisions, weapons and ammo might be the only options left.

[BTC Books]

It's strange, how perceptions change.

If you'd invested in gold in 2003, and timed the peak perfectly to sell in 2011; you would have made roughly five times what you invested.  Over about eight years.

And man!  Didn't that look awesome; at the time?

But we did that with bitcoin in a little over the past two months.

[Odalv]

But we did that with bitcoin in a little over the past two months.

Exactly, and Bitcoin is just starting (still on runway).

 (beta testing .. "count down: 22 minutes to start, STOP STOP STOP blockchain FORK" )

{october 2010 ($0.05 /btc) -> march 2013 ($70/btc) 140,000%}

[Herodes]

{october 2010 ($0.05 /btc) -> march 2013 ($70/btc) 140,000%}

Haha, that's so sick!

[rpietila]

In an extreme "Mad Max" SHTF collapse scenario, if things really turn that sour, we're all doomed for anyway, and either death or running for holes in the hills with provisions, weapons and ammo might be the only options left.

That has happened countless times before. The gold is there to be hidden when the crisis hits and uncovered when it abates. Buying weapons with all your stash will likely not increase your chances of survival, but will ensure that you don't have the gold when its value is restored.

Ergo, if you await conflict, buy bitcoins, not ammo. Only MPOE-PR thinks that gold is bought to be spent during the hard times. Yes, that is stupid, but maybe she does not have enough experience on gold to utter much sensical concerning it.