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Precious metals will suffer the same fate as Bitcoin for the same reason. If people aren't used to using it as currency, then it just becomes another futures commodity.
"There are no finger prints under water."
I doubt if the favorite commodity of trade between nations will suffer the fate of bitcoin.
Gold has thousands of years of use as a store of wealth and a means of exchange. Ask Isaac Newton.
I like sex, drugs and automatic weapons. That's why i'm a dues paying member of the Libertarian party. Struggling to keep the government away from messing with the above.
My Wife has her own vice.
I absolutely agree. I'm saying that if one wants to hold gold for value, the way to continue its value is to actually spend it. Everyone loves diamonds, but there is no secondary market. Gold has many markets and people should be reminded.
"There are no finger prints under water."
Jewelry is a good reminder. Most of Asia and India understands the concept.
I like sex, drugs and automatic weapons. That's why i'm a dues paying member of the Libertarian party. Struggling to keep the government away from messing with the above.
My Wife has her own vice.
There's a huge difference between precious metals and bitcoin. For one thing, silver and more especially gold have value beyond jewelry for their chemical properties. Even if someone comes up with a way to produce more ostenatious bling at a cheaper price, that bling will never replace the need for silver and gold in electronic applications.
I?m banking on the future of crypto?s. Well maybe not banking. More like speculating I guess. I do think the concept has a lot of promise. It?s actually implementing the concept that is going to be problematic I think. I?m sitting on what I have for the long run and we?ll see what happens.
Space technology
Gold silver ratio is what some investors look at. Buy silver to start, then when ratio is favorable trade silver for gold. Gold is the end game. Secret about gold, you have to have it to cover an astronaut face shield. It is also important in the building of spacecraft that can go faster than the speed of light.
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Buying one metal with the plan to sell or trade it for another metal will eat up your capital in fees.
If I had a dollar for every astronaut face shield could I buy a Glock?
Silver is heavy. Consider $15.000.00 of silver is more then you want to carry across a parking lot.
I like sex, drugs and automatic weapons. That's why i'm a dues paying member of the Libertarian party. Struggling to keep the government away from messing with the above.
My Wife has her own vice.
True but you may have problems getting change for your 1 oz gold coin when the SHTF. Just as when I travel internationally, I want a mix of large bills and small bills so my travel wallet doesn't bulge but want to pay for a samosa or coffee with something smaller than a $50 bill ...Originally Posted by earplug
This thread just presented the same weird display issue as seen yesterday in PWT.
Thread shows new page (45), but clicking on new page brings one to the top of page 44.
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