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Thread: Bitcoin Getting Battered

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  1. #1

    Re: Bitcoin Getting Battered

    Quote Originally Posted by Taunton Blue Genie View Post
    What would you now invest in then, Organ Morgan? Gold?
    Gold and silver are hated by bankers because they have been used as money for 5,000 years and they can't print the stuff so instead they suppress their real value by creating naked futures contracts on metals they don't own and cannot supply and if entities demand delivery then they can settle in cash which they can magic any amount of. But gold and silver have never been worthless while a great many currencies have gone to zero. It's why wise heads recommend putting 10% of one's net worth into purchasing physical bullion as a financial insurance safeguard against their currency becoming confetti paper. By the way, the top in Bitcoin occurred on December 17th last year which was the very day that the first Bitcoin futures contracts were traded at the COMEX.

    In answer to your question - yes, for peace of mind.

  2. #2

    Re: Bitcoin Getting Battered

    Quote Originally Posted by Organ Morgan. View Post
    Gold and silver are hated by bankers because they have been used as money for 5,000 years and they can't print the stuff so instead they suppress their real value by creating naked futures contracts on metals they don't own and cannot supply and if entities demand delivery then they can settle in cash which they can magic any amount of. But gold and silver have never been worthless while a great many currencies have gone to zero. It's why wise heads recommend putting 10% of one's net worth into purchasing physical bullion as a financial insurance safeguard against their currency becoming confetti paper. By the way, the top in Bitcoin occurred on December 17th last year which was the very day that the first Bitcoin futures contracts were traded at the COMEX.

    In answer to your question - yes, for peace of mind.
    I'm on board, where can I buy £28 worth of gold?

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