Gold collapsing. Bitcoin UP.

[silverbox]

Hi all, I'm looking for some advice - I have some more fiat to invest and I've been racking my brain on where to put it. I'm new to Bitcoin but I've been buying heavily for the last 2 months. I already have decent physical gold and silver stacks. Here are the choices I've narrowed it down to:

1) More Bitcoin (though I have to admit I am hesitant to let my Bitcoin investment get into 5 figures)

2) More physical gold (I'm leaning towards this right now)

3) Mining shares (you know, the ones that the people on KWN are always saying are going to the moon)

4) Managed forex account (I know 90% of them are just scams, but I was hoping there are a couple of legitimate ones out there that could return at least 10% a year. If anyone knows of any, please share.)

All opinions are greatly appreciated!

Real Estate?  I diversified into that last year when I thought the prices had gotten close to fair even though I suspected some more downdrafts.  It's already given my a 5% on my principle return via rental...and I only got it rented in Sept (though to be fair I've not factored in taxes and insurance so It's probably closer to 3%.)   But I got an office to use as well which I needed.

OTOH, if I'd not been busy with that, I probably would have been pursuing Bitcoin in the Feb/March timeframe and who knows where I'd be sitting now.  I bet I would have sat out the peak of the bubble like an idiot though.

in the same vane, what are u guys doing with your bank savings accts that exceed the maximum covered by the FDIC?  i think the coverage limits are going to be taken down later this year, IIRC.

Savings accounts???  I don't keep any money in those, they are a useless invention.. 

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[cypherdoc]

Hi all, I'm looking for some advice - I have some more fiat to invest and I've been racking my brain on where to put it. I'm new to Bitcoin but I've been buying heavily for the last 2 months. I already have decent physical gold and silver stacks. Here are the choices I've narrowed it down to:

1) More Bitcoin (though I have to admit I am hesitant to let my Bitcoin investment get into 5 figures)

2) More physical gold (I'm leaning towards this right now)

3) Mining shares (you know, the ones that the people on KWN are always saying are going to the moon)

4) Managed forex account (I know 90% of them are just scams, but I was hoping there are a couple of legitimate ones out there that could return at least 10% a year. If anyone knows of any, please share.)

All opinions are greatly appreciated!

Real Estate?  I diversified into that last year when I thought the prices had gotten close to fair even though I suspected some more downdrafts.  It's already given my a 5% on my principle return via rental...and I only got it rented in Sept (though to be fair I've not factored in taxes and insurance so It's probably closer to 3%.)   But I got an office to use as well which I needed.

OTOH, if I'd not been busy with that, I probably would have been pursuing Bitcoin in the Feb/March timeframe and who knows where I'd be sitting now.  I bet I would have sat out the peak of the bubble like an idiot though.

in the same vane, what are u guys doing with your bank savings accts that exceed the maximum covered by the FDIC?  i think the coverage limits are going to be taken down later this year, IIRC.

Savings accounts???  I don't keep any money in those, they are a useless invention.. 

please don't tell me you've got ALL your savings in bullion?

[silverbox]

Savings accounts???  I don't keep any money in those, they are a useless invention.. 

please don't tell me you've got ALL your savings in bullion?

Naw I'm diversified!!  I got handguns, rifles  AND shotguns!! 

[cypherdoc]

Savings accounts???  I don't keep any money in those, they are a useless invention.. 

please don't tell me you've got ALL your savings in bullion?

Naw I'm diversified!!  I got handguns, rifles  AND shotguns!! 

me too, but i'm serious about the bank savings accts.  i'm not comfortable with money markets anymore thus i have my savings in bank accts but i'm over the FDIC limits in one.  if the bank goes down i'm screwed.  i have enough in Bitcoin, and RE, and you know how i feel about pm's.  so what's left?  shorts?

[tvbcof]

Savings accounts???  I don't keep any money in those, they are a useless invention.. 

please don't tell me you've got ALL your savings in bullion?

Naw I'm diversified!!  I got handguns, rifles  AND shotguns!! 

Do listen to both kinds of music; country and western

(You seeming to appreciate amusing lines from good movies.)

[silverbox]

Savings accounts???  I don't keep any money in those, they are a useless invention.. 

please don't tell me you've got ALL your savings in bullion?

Naw I'm diversified!!  I got handguns, rifles  AND shotguns!! 

me too, but i'm serious about the bank savings accts.  i'm not comfortable with money markets anymore thus i have my savings in bank accts but i'm over the FDIC limits in one.  if the bank goes down i'm screwed.  i have enough in Bitcoin, and RE, and you know how i feel about pm's.  so what's left?  shorts?

Bleh go buy new Truck with a badass lift kit if you are over the limit, a good truck is way better then cash in some savings account..  He who dies with the most toys WINS!!

[silverbox]

Savings accounts???  I don't keep any money in those, they are a useless invention.. 

please don't tell me you've got ALL your savings in bullion?

Naw I'm diversified!!  I got handguns, rifles  AND shotguns!! 

Do listen to both kinds of music; country and western

(You seeming to appreciate amusing lines from good movies.)

lol, no, but my old man does.

I have fairly eclectic tastes in music, but I do like it to match the genre..  I don't listen to Enya in my truck for example...  lol

[cypherdoc]

Savings accounts???  I don't keep any money in those, they are a useless invention..  

please don't tell me you've got ALL your savings in bullion?

Naw I'm diversified!!  I got handguns, rifles  AND shotguns!!  

me too, but i'm serious about the bank savings accts.  i'm not comfortable with money markets anymore thus i have my savings in bank accts but i'm over the FDIC limits in one.  if the bank goes down i'm screwed.  i have enough in Bitcoin, and RE, and you know how i feel about pm's.  so what's left?  shorts?

Bleh go buy new Truck with a badass lift kit if you are over the limit, a good truck is way better then cash in some savings account..  He who dies with the most toys WINS!!

lol!  you crack me up.  i see you know how to live life.  perhaps i should get a new toy.

looks like you're gonna win that Apple bet.  wish i had more time but if i have to lose it should be to you.  heh, June 10 in on Sunday.  do i get Monday?

[silverbox]

Savings accounts???  I don't keep any money in those, they are a useless invention..  

please don't tell me you've got ALL your savings in bullion?

Naw I'm diversified!!  I got handguns, rifles  AND shotguns!!  

me too, but i'm serious about the bank savings accts.  i'm not comfortable with money markets anymore thus i have my savings in bank accts but i'm over the FDIC limits in one.  if the bank goes down i'm screwed.  i have enough in Bitcoin, and RE, and you know how i feel about pm's.  so what's left?  shorts?

Bleh go buy new Truck with a badass lift kit if you are over the limit, a good truck is way better then cash in some savings account..  He who dies with the most toys WINS!!

lol!  you crack me up.  i see you know how to live life.  perhaps i should get a new toy.

looks like you're gonna win that Apple bet.  wish i had more time but if i have to lose it should be to you.  heh, June 10 in on Sunday.  do i get Monday?

Sure I'll give you Monday, I don't think its gonna matter thu , but hell it could crash, you never know in this market..

[tvbcof]

Bleh go buy new Truck with a badass lift kit if you are over the limit, a good truck is way better then cash in some savings account..  He who dies with the most toys WINS!!

I'm totally happy with my old 80's Toyota as my footprint in the 4x4 space.  It's easy to change lanes because people don't figure you have insurance.

I splurged and got an almost new Yaris which does not have the same advantage, but get's nice mileage.

[silverbox]

Bleh go buy new Truck with a badass lift kit if you are over the limit, a good truck is way better then cash in some savings account..  He who dies with the most toys WINS!!

I'm totally happy with my old 80's Toyota as my footprint in the 4x4 space.  It's easy to change lanes because people don't figure you have insurance.

I splurged and got an almost new Yaris which does not have the same advantage, but get's nice mileage.

Yeah I used to have one like that but it got too old..  22RE with a slipped timing chain that ran like shiet.  Put a load of wood in the back and collapse the rear suspension and barely make it up a gnarly hill..  Offed it some time ago..

I have a beast of a truck now   My commuter car is getting a bit long in the tooth thu.  I been thinking of maybe upgrading.

[bitsire]

Thanks for the replies everyone. I think I'm going to go with some more physical gold AND Bitcoin (split between straight coins and GLBSE investments). Thanks to the poster who brought up GLBSE - I hadn't even thought of that.

I firmly believe that precious metals and Bitcoin are going to be going up in a big way - I'm already pretty diversified, just trying to optimize my ratios at this point.

Also, stacking is just so boring.... if it wasn't for Bitcoin, I wouldn't be having any fun at all 

[cypherdoc]

Thanks for the replies everyone. I think I'm going to go with some more physical gold AND Bitcoin (split between straight coins and GLBSE investments). Thanks to the poster who brought up GLBSE - I hadn't even thought of that.

I firmly believe that precious metals and Bitcoin are going to be going up in a big way - I'm already pretty diversified, just trying to optimize my ratios at this point.

Also, stacking is just so boring.... if it wasn't for Bitcoin, I wouldn't be having any fun at all 

be careful with GLBSE.  i lost alot of Bitcoin to a scam company.  make sure you know the exact identity of the principal along with an address so that you have an avenue to recover from any shenanigans.

[miscreanity]

Hi all, I'm looking for some advice - I have some more fiat to invest and I've been racking my brain on where to put it. I'm new to Bitcoin but I've been buying heavily for the last 2 months. I already have decent physical gold and silver stacks. Here are the choices I've narrowed it down to:

1) More Bitcoin (though I have to admit I am hesitant to let my Bitcoin investment get into 5 figures)

2) More physical gold (I'm leaning towards this right now)

3) Mining shares (you know, the ones that the people on KWN are always saying are going to the moon)

4) Managed forex account (I know 90% of them are just scams, but I was hoping there are a couple of legitimate ones out there that could return at least 10% a year. If anyone knows of any, please share.)

All opinions are greatly appreciated!

Out of the four options, I would personally go with 1+2 with selective exposure to 3 and a token (disposable) amount in 4.

Another thing you can do without increasing Bitcoin exposure is invest with a project on the lending forum. Most are affiliated with Pirate's business and offer very high rates of return. After your initial investment has grown (maybe doubled), you can withdraw your capital and let the excess continue to grow.

If you want to avoid the excessive uncertainty surrounding Pirate's business, I recommend hashking's offering, which is backed by an established real-world business. The rates of return are more reasonable and/or stable.

You might be better off just keeping most of your bitcoins liquid for now, though - wait until a major event and then deploy after things have settled down for a while.

perhaps i should get a new toy.

Go big or go home

[SkRRJyTC]

actually my subs don't have to vouch for anything.  i wrote everything right here in this thread.  go back and check.

I remember.  No need to check.  Just wondering if you covered yet, as the dollar index is falling..  

Don't get caught with your pants down with QE3, euro gold bonds, and a falling dollar index  all on the table...

USDX isnt falling... not until its below $81 would I call it falling.

EDIT $82 is an important level too... just not as important IMO

We didnt even test $82...

EDIT: Metals are inching up with the dollar now... interesting

USD sideways above $82...

Silver chart looks beautiful this morning

[silverbox]

Up up up up baby..

[silverbox]

mmmm Silver....

[MatthewLM]

We need better rockets for silver.

[waspoza]

Its time for silver. 

[cypherdoc]

you been had.