Bitcoin vs Gold, which one is better?

[Truthspoon]

9 hours ago, Mikhail Liebestein said:

  and don't forget to stack up on Whisky or Whiskey. It is good for sterilisation of wounds, can act as a pain killer, is fun to drink and is highly tradable in a collapse or conflict situation. 

 

God I hope it doesn't come to that in my case. Some of the bottles I've got are worth a grand easily...... thing is I paid between 400-600 pounds in a time frame of up to about 2 years ago, it seemed a lot of money at the time for a bottle of Scotch but I got the 'collector's fever' and afterwards regretted my purchase thinking I had perhaps wasted my money. Now that the whisky market has gone nuts and the bottles doubled in price and value I only wish I'd bought more.

 

I think the Scotch whisky investment window may have closed, at least for me because I won't spend the kind of money now being asked for collectible and rare whiskies, but I did my research into whisky (research...yeah right) and managed hopefully to increase on my investment.

 

Key to investing is to invest in things you know and understand, the best thing is to invest in assets you actually appreciate and personally value.

 

 

Wonder if anyone else has some good investment tips?

 

 

 

 

 

 

 

 

Edited July 28, 2021 by Truthspoon

[Mr H]

Did you endure any insurance or storage costs for the whiskey?

[Mikhail Liebestein]

12 hours ago, Truthspoon said:

 

God I hope it doesn't come to that in my case. Some of the bottles I've got are worth a grand easily...... thing is I paid between 400-600 pounds in a time frame of up to about 2 years ago, it seemed a lot of money at the time for a bottle of Scotch but I got the 'collector's fever' and afterwards regretted my purchase thinking I had perhaps wasted my money. Now that the whisky market has gone nuts and the bottles doubled in price and value I only wish I'd bought more.

 

I think the Scotch whisky investment window may have closed, at least for me because I won't spend the kind of money now being asked for collectible and rare whiskies, but I did my research into whisky (research...yeah right) and managed hopefully to increase on my investment.

 

Key to investing is to invest in things you know and understand, the best thing is to invest in assets you actually appreciate and personally value.

 

 

 

 

Rum can appreciate too, but it needs to be from the last bottle of Navy Grog:

 

https://www.masterofmalt.com/rum/black-tot/black-tot-last-consignment/?utm_content=black-tot%2Fblack-tot-last-consignment&currencyCode=GBP&utm_source=database&utm_medium=base&utm_campaign=mom_base_1

 

 

 

[Truthspoon]

13 minutes ago, Mikhail Liebestein said:

 

Rum can appreciate too, but it needs to be from the last bottle of Navy Grog:

 

https://www.masterofmalt.com/rum/black-tot/black-tot-last-consignment/?utm_content=black-tot%2Fblack-tot-last-consignment&currencyCode=GBP&utm_source=database&utm_medium=base&utm_campaign=mom_base_1

 

 

 

 

Y'see, that's the kind of thing the could be a good store of value at least.....  though I think it was released in 2010 and in ten years they haven't quite sold it all out...... but then Rum isn't nearly on the same investment level asset class that whisky is these days.

 

 

 

Quote

Rather than waste the final rations of their stock, the Brits emptied what oak casks remained into imperial gallon stone flagons. Most of the booze—which was likely distilled in the Caribbean in the 1940s—sat untouched in a warehouse for nearly 40 years, emerging only for special occasions such as royal weddings. 

Speciality Drinks, a spirits supplier, acquired the rum in time to release it on the 40th anniversary of Black Tot Day, back in 2010. They blended all the flagons together, named the new product “Black Tot Rum” and packaged the lot. About 6,000 bottles went on sale for close to $1,000 each.

 

 

[Brad the lad]

On 7/28/2021 at 7:35 AM, Truthspoon said:

 

God I hope it doesn't come to that in my case. Some of the bottles I've got are worth a grand easily...... thing is I paid between 400-600 pounds in a time frame of up to about 2 years ago, it seemed a lot of money at the time for a bottle of Scotch but I got the 'collector's fever' and afterwards regretted my purchase thinking I had perhaps wasted my money. Now that the whisky market has gone nuts and the bottles doubled in price and value I only wish I'd bought more.

 

I think the Scotch whisky investment window may have closed, at least for me because I won't spend the kind of money now being asked for collectible and rare whiskies, but I did my research into whisky (research...yeah right) and managed hopefully to increase on my investment.

 

Key to investing is to invest in things you know and understand, the best thing is to invest in assets you actually appreciate and personally value.

 

 

Wonder if anyone else has some good investment tips?

 

Old classic instruments. I like synths personally but any good quality instrument will only go one way. You have to be careful with digital stuff because some brands plummet quickly. The equipment takes up lots of space but  has the beauty of being usable . If you bought a used Roland 303 in the 80s for less than £30 then you are looking at £2000 plus today.

On 7/28/2021 at 7:35 AM, Truthspoon said:

 

 

 

 

 

 

 

 

 

[webtrekker]

What good is gold or bitcoin in a world where a crust of bread or a bottle of painkillers will be worth more than all the gold and crypto in the world, combined, to the person needing them to survive?

 

When the shit hits the fan, bartering of goods essential to survival will be the only game in town.

[bamboozooka]

my 300 dollar pirate chain is now worth 480 dollar a week later.

 

[Itsjaybigjay]

On 8/1/2021 at 10:00 PM, bamboozooka said:

my 300 dollar pirate chain is now worth 480 dollar a week later.

 

I bought $50 worth when it was under $1

[DaleP]

On 8/1/2021 at 10:00 PM, bamboozooka said:

my 300 dollar pirate chain is now worth 480 dollar a week later.

 

 

It would be funny if you are protesting against the scandemic yet you were funding the project. That would be irony.

Whether it's the nature of the coin, even the people involved are anonymous....yeah there are teams but who actually started?

Go down to the bottom of the page...See DELTA and honeycomb appears.... graphene? Delta variant? This was posted over two years ago.

Let's see if there will be other wallets like Omega and Beta in the future. lol

https://medium.com/piratechain

 

No shame in getting rich. This is satan's world after all.

Cash in and let's all be rich!

 

[sambaking7]

If crypto is to get away from FIAT currency, then why do people always mention it's worth in dollars? 

 

Explain to a noob.

 

 

[sambaking7]

On 8/1/2021 at 10:00 PM, bamboozooka said:

my 300 dollar pirate chain is now worth 480 dollar a week later.

 

 

This is what i mean. Why do you care what it's worth in dollars, when the idea of crypto is to get away from fiat?

[Guest Gone Fishing...]

41 minutes ago, sambaking7 said:

If crypto is to get away from FIAT currency, then why do people always mention it's worth in dollars? 

 

Explain to a noob.

 

 

 

39 minutes ago, sambaking7 said:

 

This is what i mean. Why do you care what it's worth in dollars, when the idea of crypto is to get away from fiat?

 

It's just a way of quantifying it's value. 

Comparing it to something else. 

You could compare it to anything of any value but Fiat currency is the most easily comprehended and quantified. 

 

[bamboozooka]

1 hour ago, sambaking7 said:

If crypto is to get away from FIAT currency, then why do people always mention it's worth in dollars? 

 

Explain to a noob.

 

 

would you understand "my 150 pirate chain is worth 0.0056 bitcoin"?

nope so BC is right.

Edited August 7, 2021 by bamboozooka

[bamboozooka]

7 hours ago, Itsjaybigjay said:

I bought $50 worth when it was under $1

lucky you, by the time i got my arse in gear and got round to it 2.10 was the lowest i got it for.

Edited August 7, 2021 by bamboozooka

[Itsjaybigjay]

35 minutes ago, bamboozooka said:

lucky you, by the time i got my arse in gear and got round to it 2.10 was the lowest i got it for.

Yea just wish id bought more than $50 worth now!!

[Mr H]

On 8/7/2021 at 5:20 PM, sambaking7 said:

 

This is what i mean. Why do you care what it's worth in dollars, when the idea of crypto is to get away from fiat?

 

I guess if you wanted to be accurate especially in times of high inflation, you should adjust for inflation, or measure against something much more stable and price in gold - if you wanted to know how rich you are really getting.

[arnold36delgado]

On 4/20/2021 at 11:12 PM, Mr H said:

Only one way to find out..... fight!!!!!!!!!!!!!

 

)

 

If you're interested in this topic, Bitcoin bull Michael Saylor has accepted the challenge from Gold bug Frank Giustra to debate the subject at Stansberry research...

 

Will be epic Alluros!

 

Details below

 

https://stansberryinvestor.com/media-article/358679

 

would be good if we were able to get information how much we can get into these once investing?

[Mr H]

7 hours ago, arnold36delgado said:

 

would be good if we were able to get information how much we can get into these once investing?

You can buy as much as your wallet allows.

[DaleP]

This is a visually interesting page.

Put you in the perspective against everything else.

 

https://www.visualcapitalist.com/all-of-the-worlds-money-and-markets-in-one-visualization-2020/

[zarkov]

Personally I favour gold and silver as currency.

Also like the idea of the goldback developed in the US.

 

Gold has been used to facilitate trade for thousands of years.

 

 

 

 

 

[Mr H]

On 3/27/2022 at 8:44 AM, zarkov said:

Personally I favour gold and silver as currency.

Also like the idea of the goldback developed in the US.

 

Gold has been used to facilitate trade for thousands of years.

 

 

 

 

 

If they did go back to a gold standard, the debt is so high now that they would have to revalue the gold/oz significantly upwards

[zarkov]

24 minutes ago, Mr H said:

If they did go back to a gold standard, the debt is so high now that they would have to revalue the gold/oz significantly upwards

 

Potentially.

Fractional reserve banking was/is the gold heist of the century! (above and beyond usury in orders of magnitude)

Public circulating money only form a small % of all money. Interbank lending, accounting values and other investment and market instruments are significantly higher amounts.

 

CB's are also increasing their holdings of gold and a revalue seems definitely on the cards. Same with silver and its industrial ties.

Essentially they have stolen the go to store of value that has been around for centuries and that funnels the masses towards whatever option they deem available.

 

Much like capturing wild boar which are very wary of man, one fence piece at a time over a period of weeks / months gets the hogs used to it until it forms a a pen with a gate.

It seems that crypto has been funnelling us towards this horizon & we are already partially on digital with the current setup of card payments & and internet banking.

 

Gov, CB's NGO's & corporates have no rights over life yet they behave on the assumption that they do and "we" accept it.

& with increased automation, robotics and "AI" how does the infinite value of man factor into this equation?

 

Gold and crypto imho both have the potential to break the centralised system down and create independence. Crypto holds the most potential for abuse.

 

 

That said, I am not against crypto if it can offer a reliable store of value, privacy and independence from authoritarian influence and control - decentralisation!

 

[Macnamara]

gold and cryptos are just units of exchange. To be fair to gold it does have some intrinsic value as it can be used for some things other than as a medium of exchange

 

but the point i'm making is that having these things in and of themselves doesn't give you anything of ACTUAL value

 

The purpose of a unit of exchange is to be able to use it to buy things of ACTUAL value. The most valuable thing in my opinion is LAND because all else comes from that. From land you get food,water, shelter, fuel and clothes

 

Fiat currency is really just a magicians trick....a sleight of hand.....a false god

 

The elites want you chasing after currency and other garbage instead of owning land because people who own land can provide for themselves. I see people pouring currency into crypto whilst elites like bill gates are buying land. That's the problem we have in this world: land ownership is too centralised

 

I believe every person/family should have their own piece of land or at the very least access to a piece of land

[Mr H]

3 hours ago, Macnamara said:

gold and cryptos are just units of exchange. To be fair to gold it does have some intrinsic value as it can be used for some things other than as a medium of exchange

 

but the point i'm making is that having these things in and of themselves doesn't give you anything of ACTUAL value

 

The purpose of a unit of exchange is to be able to use it to buy things of ACTUAL value. The most valuable thing in my opinion is LAND because all else comes from that. From land you get food,water, shelter, fuel and clothes

 

Fiat currency is really just a magicians trick....a sleight of hand.....a false god

 

The elites want you chasing after currency and other garbage instead of owning land because people who own land can provide for themselves. I see people pouring currency into crypto whilst elites like bill gates are buying land. That's the problem we have in this world: land ownership is too centralised

 

I believe every person/family should have their own piece of land or at the very least access to a piece of land

I would say that both are also stores of value.

 

I would also suggest that value is derived from human capital - that is effort, intelligence, time, creativity etc. It takes a lot of human capital to get gold out from the earth and also to mine a bitcoin.

 

In terms of intrinsic value, gold as some good uses as you mention and I guess for bitcoin you could argue the intrinsic value is in the network.

[Macnamara]

3 hours ago, Mr H said:

I would say that both are also stores of value.

 

I would also suggest that value is derived from human capital - that is effort, intelligence, time, creativity etc. It takes a lot of human capital to get gold out from the earth and also to mine a bitcoin.

 

In terms of intrinsic value, gold as some good uses as you mention and I guess for bitcoin you could argue the intrinsic value is in the network.

 

i think people are going to find that life boils down to some very simple things: shelter, food and fuel

 

I believe that food and fuel are two of the ways that the elites are going to control humanity through orchestrated scarcity

 

That's why i always bring the focus back to the land