Free Republic
Browse · Search
Bloggers & Personal
Topics · Post Article

To: Travis McGee
When bitcoins disappear into the ether, gold will still be gold.

Wouldn't argue with that. Works well for a custom boat part too. Especially when painted - if you get my drift...

Unfortunately gold doesn't offer quite the utility of a crypto currency or even fiat currency in today's world. What's needed is independent (and independently audited) and respected gold and silver certificates. But I'm afraid PM certificates would have even less of a chance of surviving a government onslaught than Bitcoin.

15 posted on 01/04/2014 6:17:03 AM PST by Errant (Surround yourself with intelligent and industrious people who help and support each other.)
[ Post Reply | Private Reply | To 13 | View Replies ]


To: Errant

For folks who tend to travel by public jet through TSA checkpoints, yes.


17 posted on 01/04/2014 6:22:45 AM PST by Travis McGee (www.EnemiesForeignAndDomestic.com)
[ Post Reply | Private Reply | To 15 | View Replies ]

To: Errant
silver certificates..

I still have a pile of silver certificates issued full faith by the US gov't back in the '60s, held by my dad as "safe" money. They say right on them they're worth real silver, promised by the USofA. That's been revoked.

I wouldn't trust gold or silver that's in a fund or I have a promise for on a piece of paper. If it isn't silver or gold, it isn't silver or gold. Old silver dollars are okay as they're easily identifiable and have a high percentage of silver.

THE WIZARD OF OZ, the "children's" book was written by Baum on many levels. "Follow the yellow brick road"....yeah, Baum was smarter than the economists of the time. It was about staying on the gold standard, many suspect.

38 posted on 01/04/2014 8:19:32 AM PST by grania
[ Post Reply | Private Reply | To 15 | View Replies ]

Free Republic
Browse · Search
Bloggers & Personal
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson