Invest in Bitcoin, Gold or Silver?

[allthingsluxury]

All three.

[1715160005]

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[Tirapon]

all 3.

You forgot to add LTC

[johnniewalker]

I am a gold/silver buyer for an investment company, a proponent of both gold and silver myself, and a believer in bitcoin (NOT litecoin).

To make it easy, if I had $1,000,000 I would invest half in silver. I would buy Monster Boxes of either Maple Leaves or Eagles. Even though you are paying a premium, you can trade as much silver as you want up to 500 times (per box). If you bought say...5 x 100oz bars, you would only have 5 paydays/opportunity for trade.
Of the remaining half, I would put 1/2 into bitcoins and 1/2 into gold if you buy gold NOW. Gold is at an incredible low. Although, it gained $40 since yesterday...so don't waste any time. As far as bitcoins go...I remember some crazy figure in the decline in the value of bitcoins after SR crashed. But, look at bitcoins now-they were (are) more than resilient. I think that the shutting down of SR was one of the best things for bitcoins. Now people are forced to look at their utility in LICIT situations.
Final note: every body will share their advice with you until they are blue in the face. Its your money. Consider opinions, but remember its your call. Good luck!

[sidhujag]

I have been a client of a company in Istanbul for four years trading foreign exchange.  They have returned an average of 3.5%/month over the four years.

I have bank accounts in Australia, UK and Thailand.

The problem is when you wish to withdraw funds it is taking longer and longer.  The reason given is the banks and AML laws which are the problem.  I have now been waiting more than six weeks for a funds transfer.

I am concerned that I am holding too much with the one company.

I only found out about Bitcoin about three months ago and have since purchased.  Average purchase price to date is US$111.00/BTC.

I am unsure if I should invest more in Bitcoin or go with gold and silver, or, a combination of the three.

I am considering using - http://www.bullionvault.com/guide/gold/Ready-to-buy-gold#section-Ready-to-buy-gold-Insurance

It would be nice if BullionVault accepted Bitcoin, they do not at this time.

I realise all your eggs should not be in one basket.

I feel gold and silver are quite low at present and there is the possibility of good gains.

I really do not trust banks.

Any thoughts, thank you?

3.5% a MONTH? wow they must be market oracle's because I've never seen that kind of success long term working out. I would stay with them if they are offering 3.5% a month. WHo is it?

[Anon136]

just remember, as this experience should have already taught you, if you dont hold it you dont own it! asside from that we cant tell you what assets to hold, that depends on your values. do you want low risk high safety, or do you what high risk high return? its ranked like this, gold is most safe with lowest return, silver is in the middle, and bitcoin is high risk high return.

[Anon136]

I have been a client of a company in Istanbul for four years trading foreign exchange.  They have returned an average of 3.5%/month over the four years.

I have bank accounts in Australia, UK and Thailand.

The problem is when you wish to withdraw funds it is taking longer and longer.  The reason given is the banks and AML laws which are the problem.  I have now been waiting more than six weeks for a funds transfer.

I am concerned that I am holding too much with the one company.

I only found out about Bitcoin about three months ago and have since purchased.  Average purchase price to date is US$111.00/BTC.

I am unsure if I should invest more in Bitcoin or go with gold and silver, or, a combination of the three.

I am considering using - http://www.bullionvault.com/guide/gold/Ready-to-buy-gold#section-Ready-to-buy-gold-Insurance

It would be nice if BullionVault accepted Bitcoin, they do not at this time.

I realise all your eggs should not be in one basket.

I feel gold and silver are quite low at present and there is the possibility of good gains.

I really do not trust banks.

Any thoughts, thank you?

3.5% a MONTH? wow they must be market oracle's because I've never seen that kind of success long term working out. I would stay with them if they are offering 3.5% a month. WHo is it?

sustained 3.5 per month REEKS of ponzi to me.

[afbitcoins]

I say all three. I'm a bit less heavy on bitcoins than gold and silver because i consider the risks higher, though the potential gains more. Gold and silver have always been valued. Bitcoins is still untested for mass adoption.

[seafarer124]

Thanks for all the comments.

Problem is, BTC is getting higher each day.  Who is going to be next and make the price drop? LOL

[sidhujag]

I have been a client of a company in Istanbul for four years trading foreign exchange.  They have returned an average of 3.5%/month over the four years.

I have bank accounts in Australia, UK and Thailand.

The problem is when you wish to withdraw funds it is taking longer and longer.  The reason given is the banks and AML laws which are the problem.  I have now been waiting more than six weeks for a funds transfer.

I am concerned that I am holding too much with the one company.

I only found out about Bitcoin about three months ago and have since purchased.  Average purchase price to date is US$111.00/BTC.

I am unsure if I should invest more in Bitcoin or go with gold and silver, or, a combination of the three.

I am considering using - http://www.bullionvault.com/guide/gold/Ready-to-buy-gold#section-Ready-to-buy-gold-Insurance

It would be nice if BullionVault accepted Bitcoin, they do not at this time.

I realise all your eggs should not be in one basket.

I feel gold and silver are quite low at present and there is the possibility of good gains.

I really do not trust banks.

Any thoughts, thank you?

3.5% a MONTH? wow they must be market oracle's because I've never seen that kind of success long term working out. I would stay with them if they are offering 3.5% a month. WHo is it?

sustained 3.5 per month REEKS of ponzi to me.

ya i can do 5% per month no prob. Hard part is black swans wonder how this guy dealt with them.

Ie: boj intervention, Chf intervention, Fed intervention march 2009, japan eartquake event, Greece portugal and ecb decision events
, flash crash may 6
All of these had big forex moves that would have put alot of players on their butts especially grid or martingale traders who usually r the ones who claim such gains.

[waltermot321]

Invest in gold. The price is quite low now

[NewLiberty]

I am a gold/silver buyer for an investment company, a proponent of both gold and silver myself, and a believer in bitcoin (NOT litecoin).

To make it easy, if I had $1,000,000 I would invest half in silver. I would buy Monster Boxes of either Maple Leaves or Eagles. Even though you are paying a premium, you can trade as much silver as you want up to 500 times (per box). If you bought say...5 x 100oz bars, you would only have 5 paydays/opportunity for trade.
Of the remaining half, I would put 1/2 into bitcoins and 1/2 into gold if you buy gold NOW. Gold is at an incredible low. Although, it gained $40 since yesterday...so don't waste any time. As far as bitcoins go...I remember some crazy figure in the decline in the value of bitcoins after SR crashed. But, look at bitcoins now-they were (are) more than resilient. I think that the shutting down of SR was one of the best things for bitcoins. Now people are forced to look at their utility in LICIT situations.
Final note: every body will share their advice with you until they are blue in the face. Its your money. Consider opinions, but remember its your call. Good luck!

In the USA, these particular pieces are specifically targeted by the tax reporting rules as they run into the equivalence of ETF test and so are (must legally be) reported to IRS as CFTC requires for investing.

But, even so, it is not a report-able transaction when used as "cash".  Weird, but that is the law for you.

Check this out, especially the last half:

http://the-moneychanger.com/articles/numismatics_what_the_law_really_says

Bottom line?  Buy Bitcoin Specie and New Liberty Dollars instead.    You pay tax no matter what, but the reporting burden is less.

[johncarpe64]

all 3.

You forgot to add LTC

LTC is dropping like its going to go dead soon. I wouldn't take risk here..

[LiteCoinGuy]

all 3.

You forgot to add LTC

you got me  

actually its 4.  


@ johncarpe64

btc dropped from 30 to 2 dollars some time ago...  

[imrer]

It depends what's your preferences. I would choose bitcoin because I'm not afraid of things that may happen. Gold is just mainstream and I believe it's the second best choice.

[evansearle42]

Ganna try invest some LTC today, hope I don't get my ass burned...

[nwfella]

If maximum potential profitability is your aim neither of the precious metals will be able to compare with bitcoin in either the short or long terms. If however, you don't have as much confidence in BTC at this point (a mistake imho) hedging your bets between Silver and Bitcoin seems a smart play ATM. Gold likely to keep dropping I think.

[Haro]

Use Bitcoins, buy gold and silver...

[NewLiberty]

Use Bitcoins, buy gold and silver...

Use bitcoins for online transactions, use gold and silver bitcoin specie for point of sale.
Keep your account full of bitcoin and your pockets full of bitcoin specie for the off chain and anonymous personal transactions.

[evansearle42]

Oh no, LTC dropped another 10% after I bought some. What is happening to LTC!!!

[Noruka]

They all have their advantage and disadvantages but it think the major difference is ease of trade, storage and liquidity.

trade: BTC can easily be traded for little to no fee and on a global scale. Its costly to sell a bar of silver to someone in Cyprus let alone any crack downs the government has on the buyer withdrawing money to send world wide. there is no mandatory build in spread with a BTC like a metals exchange, although you may run into it down the road.

storage: BTC can be stored off the grid in a compact and secure location like gold or silver, but can also be instantly in the pocket of a buy within minutes. Its hard to get a gold coin to someone halfway across the world that wants to buy it from you.

liquidity: liquidity is very important. Most people in possession of precious metals are only liquid in their local currency and at spot price. BTC you can liquidate on an exchange for fiat and other cryptos without needing to wait or pay for shipping.

with all that being said, BTC is not (yet) held as reserves worldwide as a store of value. BTC are also susceptible to massive market manipulation; however one can argue that gold/silver already are exposed to massive manipulate even higher than what BTC could ever be.

i store my value in all three with silver being the majority stock holder over the other two. my BTC wallet is growing though.

just my two cents
well...  .02 BTC