With Gold & Silver tumbling, will investors seek out Bitcoin as a hedge?

[nameface]

Gold is down roughly 23% this quarter, positioning the metal for its largest quarterly loss since 1920.

harsh 

[sickpig]

Reading that makes me more likely to trade BTC for gold. I buy when the market tanks and sell when it soars. I divested of it a few months back when it was clearly at a silly high.

Perhaps it is time to buy back in. Hmmm. 

It's predicted it will fall to around $1000, so hold on before you buy.

do you have any source to back this claim? just corious

[superresistant]

Do you guys know a way of exchanging directly gold <---> bitcoins ?

[nameface]

Do you guys know a way of exchanging directly gold <---> bitcoins ?

In Downtown Toronto -> http://www.xagau.com/jada/web/fe/default/English/home
This business seems to have a good rep, but the rates aren't great: http://www.coinabul.com/

[explorer]

Wow that xagau place only wants 50% more than the going rate! Deal!

[nameface]

Wow that xagau place only wants 50% more than the going rate! Deal!

BAHAHA You're right! That's gross.
But I know the business operator, I vouch for him. He doesn't do business through the website. If you show up here: http://www.xagau.com/jada/web/fe/default/English/content/Contact+Us He will buy and sell gold, silver, bitcoins, wtvr, at very fair prices.

[legitnick]

Its only logical they would, as Bitcoin can return far larger profits then Gold or Silver in the short term and long term.

[explorer]

Wow that xagau place only wants 50% more than the going rate! Deal!

BAHAHA You're right! That's gross.
But I know the business operator, I vouch for him. He doesn't do business through the website.

  Well that's not exactly a surprise 

Coinabul on the other hand actually has decent rates Listed. For small purchases, it actually looks cheaper than converting to fiat and buying from a more local source.  Haven't tried them yet.

I'll try contacting xagau  as I'd rather deal in Canada if its not significantly more expensive.

[fenican]

It would be fucked up to seriously invest in bitcoins

why? sure it has no guarantee and many obstacles to overcome if it wants longevity and adoption by more users (and governments) but nothing has a guarantee, as gold/silver is proving right now. I bought silver at $40/ounce three years ago when it was "the sure bet" and now I have less than half of my wealth. And I did that as a way to find a safe haven for a 12k investment that was salvaged from a failing IRA that had an original investment of 14k...

The majority of BTC investors bought BTC below its current price, and of all the options on the table, its appreciation since its inception and or any time prior to 6 months ago has outpaced all other options...

Well if gold and silver investment can fail despite all predictions, imagine what can happen to Bitcoin...

Despite all predictions?  Most mainstream economists were calling Gold and Silver a bubble years ago.  If you overlay Gold 2008 - 2013 over the 1920's stock market or 2000-2006 housing market you will see exactly the same pattern.  Obviously got way ahead of itself due to speculation and was overdue for a very severe pullback.

Any rational student of economics also knew two things in 2009.  (1) The risk was Deflation not Inflation and (2) The Federal Reserve played it way too tight.  They could have printed seven times as much money as they did, ignited a recovery years earlier, and still not triggered any kind of inflation.

Gold Bugs are now being taught a bitter lesson in economics.  It's a worthless yellow metal, manipulated by speculators, playing on irrational fear, that lands you in the poor house over long periods of time since it can barely even keep place with inflation.

[QuantPlus]

And I bet only a tiny % of the average silver investor would consider Bitcoin because they are old school hard asset people.

This.

PM and BTC enthusiasts should be Fellow Travellers...
But because PM investors are Old School "I wanna feel the weight in my hand" types...
There is actual hostility towards Bitcoin over there...
Just read the comments at ZH.

[axilla]

amagimetals seems to have the best prices i've found for gold <---> bitcoins

[TheShape]

I also see this as a good time to buy Gold.
The recent trend has been far from pretty, but if you are holding on for the long term the extra pick ups along the way here could be quite enjoyable.

[axilla]

i've been buying silver anytime it falls below $20..

[CurbsideProphet]

What you usually see quoted is the price of paper gold which is heavily manipulated and means nothing. There is huge demand for physical gold if you can find it. Only a matter of time when comex dafaults.

I can easily find physical gold and silver at reasonable prices over spot.  It may be difficult to find a specific type of bullion but gold is gold and bullion carries next to no numismatic value so it shouldn't matter in what form or smelter it comes from as long as they are recognized and reputable.   

[tclo]

I"m sure this has been mentioned above but hte price of bitcoin is tumbling too.

[BitcoinAshley]

With gold, silver, AND bitcoin tumbling, along with stocks and bonds, will investors seek out USD as a hedge?

Sadly, yes. The problem is, we won't get much warning when the USD sees its dying days. Well, those of us who know what's up will see it coming miles away, and everyone else will be like "[Insert famous last words here]"

[byronbb]

Interesting to see inflation adjusted gold converging to actual price.