$Bitcoin (BTC.CC)$ I dont understand why people shill for Go...

10baggerbamm : when Microsoft and Apple are around 3,500 years later then maybe they'll command the same store of wealth as gold

EZ_money : it's not always the dollar amount that matters. it's about safety and intrinsic value, gold is highly valuable in space technology, as jewelry, as a conductor for electricity. it shines and when you have a 5 or 10 ounce bar in your hand it's a feeling that you can't describe. the coins are collectables in time the value goes up. the amount minted and age determines value

BFSkinner : If you stick a piece of charcoal in the earth and hodl 69420 you will end up with

EZ_money BFSkinner : you might get it done faster if you just put it between Monk's butt cheeks

EZ_money : plus gold's price has been held down for a long time now it's all changing. they will have to revaluate the price like twice done in the past. gold actually sells more in China than in the United States. China is taking over the gold market from JP Morgan

Revan2000 : correct on a handful of individual stocks.  pick a recent 20 year window and gold beat the sp500 in the majority of them.  

For all the negativity on gold why are central banks buying it in record numbers.

10baggerbamm Revan2000 : gold is a portion of your portfolio it is not something that meant to be day traded despite being traded on the commodity exchange and recently you've had this Spike of $400 in gold for a technical reason.. gold is a long-term investment why because the value of the US dollar the greenback has declined by 90% since 1971. that's called inflation and gold is the long-term hedge against losing your purchasing power.. that being said you don't want to buy 100% in gold and the reason is very simple you can't walk into a restaurant and say I want to pay for my dinner here's a half a gram of gold you can't walk into your tax assessor's office and say I want to pay my taxes here's 3 oz of gold they're going to look at you cross-eyed. gold is an asset as is Bitcoin it's a store of wealth. and over the long term it is a hedge against inflation short-term you do have volatility gold is manipulated by the Federal reserve and there's been periods of time where gold has done nothing for 3 years but gradually decline that's why gold is 5 10% of your portfolio and you forget you own it you don't look at it day today you put it away it's as simple as that

EZ_money : yeah exactly why is the question? central banks are the key. they will again and already have funded both sides of the same friggin wars which is maddening to think about people like that. Rothschild family banking funded both sides of the US and British war. if the banks that run the world are buying up gold and silver bullion in record amounts you best bet your ass so am I