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cash out and buy silver?
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Topic: cash out and buy silver? (Read 1328 times)
kapolani
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Re: cash out and buy silver?
April 10, 2013, 01:55:05 PM
#21
Quote from: btcminer021 on April 10, 2013, 01:44:20 PM
Be sure to get PHYSICAL silver in your own possession. SLV is for day traders and of course the price is manipulated.
If you can't fondle and make love to it, you don't own it!
Got myself a nice little stack.
Sometimes I pull it out and make secksy time with it. LOL.
jackl526
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Re: cash out and buy silver?
April 10, 2013, 08:51:24 PM
#22
Quote from: Anon136 on April 10, 2013, 02:47:10 AM
Quote from: jackl526 on April 10, 2013, 01:54:05 AM
Quote from: syn999 on April 09, 2013, 10:56:08 PM
silver can be controlled by government, aaccording to max kaiser, the silver should be 300 now buy government is undervalue it
How are BTC immune to the same type of manipulation? How do we know that this drastic price inflation isn't a result of government manipulation?
It's hard to take your comment seriously when you claim government control without explaining why or even how they control it.
Thanks
great question! the reason is because there is incentive for people to allow their silver to be helled by a third party since it is very difficult to change ownership of physical silver in a global market. With btc on the other hand there is no incentive for individuals to allow a third party to hold their bitcoins for them, since we can exchange them with anyone we like without relying on an intermediary.
what this means is that since all the silver is held in a central repository it is easy for that repository to lie about how much silver they have.
But what about people who own their own silver in safes/deposit boxes? Silver and gold have been traded and given value for thousands of years. It's understood that they have value and always will. However my question was how can we be sure that the government isn't manipulating the btc market the same way they do the commodity market?
Anon136
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Re: cash out and buy silver?
April 10, 2013, 09:07:33 PM
#23
if you still wanna cash out and buy silver check my bitmit auctions
https://www.bitmit.net/en/user/MarketAnarchist
I have the cheapest prices around and a really strong rep
Rep Thread:
https://bitcointalk.org/index.php?topic=381041
If one can not confer upon another a right which he does not himself first possess, by what means does the state derive the right to engage in behaviors from which the public is prohibited?
mj112588
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Re: cash out and buy silver?
May 03, 2013, 04:32:41 AM
#24
Wow so much to say here. I feel the same way OP. I bought some silver due to the dip but not to actually make money, instead to hedge against losing it all. I know silver will ALWAYS be worth something where you can't say the same about BTC and other cryptocurrencies. At the end of the day like others stated it's good to balance your investments so that you have all ends covered, or at least as much as you can. I definitley think silver/gold is one definite way to do that.
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