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Author Topic: ZIRP/NIRP will encourage people into Bitcoin and/or Gold?  (Read 1372 times)
OROBTC
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February 19, 2015, 04:36:58 AM
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As interest rates in the USA, Europe and Japan continue to go down, maybe more people will look for alternatives like precious metals and BTC.  In much of Europe, YOU have to pay the BANKS to hold your money for you (Negative Interest Rate Policy).  Might as well just hold CA$H instead, at least you would not lose anything (except to inflation).

But, will zero or negative interest rates likely mean that more people will buy gold or Bitcoin?

Zero Hedge has been following this pretty well, and has a current article up:

http://www.zerohedge.com/news/2015-02-18/why-zirpnirp-killing-fractional-reserve-banking-forcing-deposits-gold


"We ZIRP-ed some folks..."

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knight20
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April 08, 2018, 01:18:04 PM
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As interest rates in the USA, Europe and Japan continue to go down, maybe more people will look for alternatives like precious metals and BTC.  In much of Europe, YOU have to pay the BANKS to hold your money for you (Negative Interest Rate Policy).  Might as well just hold CA$H instead, at least you would not lose anything (except to inflation).

But, will zero or negative interest rates likely mean that more people will buy gold or Bitcoin?

Zero Hedge has been following this pretty well, and has a current article up:

http://www.zerohedge.com/news/2015-02-18/why-zirpnirp-killing-fractional-reserve-banking-forcing-deposits-gold


"We ZIRP-ed some folks..."



bitcoin or gold?

Gold is better than bitcoin.
Because bitcoin isn't stable.Gold is an asset which can never go to zero. Bitcoin is a cryptocurrency which is not backed by any asset. Any time you can sell your gold while in bitcoin you will wait for the right time until you sell it. So I probably choose gold.
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April 08, 2018, 04:02:15 PM
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As interest rates in the USA, Europe and Japan continue to go down, maybe more people will look for alternatives like precious metals and BTC.  In much of Europe, YOU have to pay the BANKS to hold your money for you (Negative Interest Rate Policy).  Might as well just hold CA$H instead, at least you would not lose anything (except to inflation).

But, will zero or negative interest rates likely mean that more people will buy gold or Bitcoin?

Zero Hedge has been following this pretty well, and has a current article up:

http://www.zerohedge.com/news/2015-02-18/why-zirpnirp-killing-fractional-reserve-banking-forcing-deposits-gold


"We ZIRP-ed some folks..."



bitcoin or gold?

Gold is better than bitcoin.
Because bitcoin isn't stable.Gold is an asset which can never go to zero. Bitcoin is a cryptocurrency which is not backed by any asset. Any time you can sell your gold while in bitcoin you will wait for the right time until you sell it. So I probably choose gold.

Bitcoin and gold are both similar assets (limited supply, must be mined, a clear alternative to fiat) that can be used to potentially get better returns than interest on fiat. I don't think the original source is really pushing crypto over or even as an equal to gold necessarily. They are being lumped together because they are similar IMO.
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April 08, 2018, 06:08:46 PM
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This is something that people in developing countries, particularly Indians have known for a long time i guess..LOL..

Most households in India have a significant amount of Gold and Silver in the form of Jewellery, coins etc. The relative instability of living under a foreign regime for too long supposedly ingrains in you the need to have something to fall back on. Gold has always been that in the times of trouble.

Most westerners find it normal to live in debt in the form of a student loan, house mortgage etc. etc. The subcontinent on the other hand prides itself on living a debt-free life. Of course, this low risk life stifles innovation. A judicious balance needs to be maintained between stability and enough tolerance to risk so that enterprise is not restricted. The west has unfortunately, gone down the path of unrestricted enterprise.

A stable, provable store of value is a good thing. I think anybody who plans to invest in gold should also plan to invest in bitcoin. You cannot predict the future but you can always take a chance to try to be a part of it.
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