Poll: Silver or Bitcoins?

[johnniewalker]

In the short term (say next 2 years), do you believe more in Silver or Bitcoins? In terms of potential for increase in value, I mean.

[byronbb]

Bitcoins have more upside AND downside. Silver doesn't one day disappear because something breaks at the atomic level of the universe.

[randrace]

I want Silver Bitcoins!

[Anon136]

shit idk about the next 2 years but right now, today, silver is LUDICROUSLY undervalued. i may start buying some bitcoins again in the future but right now ALL my extra money is going into silver.

[mgio]

Silver isn't undervalued. It only undervalued when you compare it to gold which is ludicrously over-valued right now.

Also, bullion makes a horrible investment. You get taxed up the ass for any gains you make. There is no such thing as long term capital gains for bullion. You'll get taxed at 28% fed tax in the US plus whatever your state charges. Where I live that is another 12%. So you would pay nearly 40% on something that is expected to just keep up with inflation over the long term. No thanks.


Bitcoin is riskier but is a better investment overall.

[byronbb]

Yes I don't think one should buy bullion as an "investment" but as a store of "value" that has nothing to do with any government on this planet. One's labour of life being represented by a bill issued by a large body of con-men can set one instantly ILL. Place a portion of your life's labours into the hands of nature, be free of the ruling rabble.

[HappyBitCoinUser]

You forgot the option "Both" for those of us that have a mixed portfolio

[Anon136]

Silver isn't undervalued. It only undervalued when you compare it to gold which is ludicrously over-valued right now.

Also, bullion makes a horrible investment. You get taxed up the ass for any gains you make. There is no such thing as long term capital gains for bullion. You'll get taxed at 28% fed tax in the US plus whatever your state charges. Where I live that is another 12%. So you would pay nearly 40% on something that is expected to just keep up with inflation over the long term. No thanks.


Bitcoin is riskier but is a better investment overall.

erm what are you talking about? no one knows what silver i have or dont have and there is no reason to expect anyone to know at any point in the future other than the person i sell it to someday. how on earth is the government going to tax me on that?

[RyNinDaCleM]

Silver isn't undervalued. It only undervalued when you compare it to gold which is ludicrously over-valued right now.

Also, bullion makes a horrible investment. You get taxed up the ass for any gains you make. There is no such thing as long term capital gains for bullion. You'll get taxed at 28% fed tax in the US plus whatever your state charges. Where I live that is another 12%. So you would pay nearly 40% on something that is expected to just keep up with inflation over the long term. No thanks.


Bitcoin is riskier but is a better investment overall.

erm what are you talking about? no one knows what silver i have or dont have and there is no reason to expect anyone to know at any point in the future other than the person i sell it to someday. how on earth is the government going to tax me on that?

Private sales is the best way to get around it, but to unload a lot of silver you will likely have to go through a dealer of some sort. In which case they will report it if it's a large sum of money

[Anon136]

Silver isn't undervalued. It only undervalued when you compare it to gold which is ludicrously over-valued right now.

Also, bullion makes a horrible investment. You get taxed up the ass for any gains you make. There is no such thing as long term capital gains for bullion. You'll get taxed at 28% fed tax in the US plus whatever your state charges. Where I live that is another 12%. So you would pay nearly 40% on something that is expected to just keep up with inflation over the long term. No thanks.


Bitcoin is riskier but is a better investment overall.

erm what are you talking about? no one knows what silver i have or dont have and there is no reason to expect anyone to know at any point in the future other than the person i sell it to someday. how on earth is the government going to tax me on that?

Private sales is the best way to get around it, but to unload a lot of silver you will likely have to go through a dealer of some sort. In which case they will report it if it's a large sum of money

ah well my intention is not to ever "unload" it, my intention is to hold onto it until the point at which i can spend it as the money that it is.