Gold Club Asia Forums

Go Back   Gold Club Asia Forums > Gold Club Asia > Precious Metals - Gold & Silver

Thread Tools Display Modes
Old 03-12-2017, 12:41 PM
rsspost rsspost is offline
Senior Member
Join Date: Oct 2015
Posts: 265
Default Sell cryptos ? Buy gold

During the 2006-9 financial crisis, a collapse of the global financial system was avoided by massive money printing, guarantees and allowing banks to value assets at cost rather than market, as well as a panic lowering of interest rates from as high as 6% in the US to zero or negative. Bonds issued by eight major countries currently have negative interest rates from 1 & 2 year debt for Italy up to 15 & 30 year debt for Japan, Germany and Switzerland. Read More...

Reply With Quote
Old 03-12-2017, 01:35 PM
moyyewhon moyyewhon is offline
Senior Member
Join Date: Dec 2011
Posts: 1,426

extremely bad article..
firstly the writer obviously has no financial training and have no understanding of market caps..

to call cryptos ponzi, dont mistake consensus money as ponzi.
every ponzi scheme has a top guy to make money and run away.
icos normally have smart contracts to lock the fund until a few years and released after the projects are completed.
the writer has also failed to realise that gold is the biggest ponzi scheme ever and total market cap of this ponzi scheme is already 7 trillion.
in order to make money from gold needs to create demand and because of demand and new people coming in.. then only the value of gold will rise.. isnt that ponzi scheme?
so the writer has already accumulated all the gold he need and now he is on the top.. the newbies who come in buying gold will prop the price up thus the writer will make money by his gold valuation.
bitcoin really doesnt need such pathetic hard selling..
the technology sells it self.

to call cryptos tulip bubble mania is also childish.. tulips disrupted nothing...
blockchain technology is highly disruptive. the most disruptive tech in our day and age.. so to compare cryptos rally with the tulip mania is really amateur.

the arguement that nothing backs cryptos are wrong.. it is the first real publicly verifiable consensus money. it has gone viral not because of speculations but because people has realised that this is the real tech honest money. Nothing backs gold.. to say that having a long history of being money is not a strong arguement for gold to be money. Gold only has value because everyone says gold has value.. they could have said aluminium has value.. so gold is backed by nothing but cryptos are backed by consensus, utility cryptography and cutting edge technology.
It is easy to fake a piece of gold but it takes 32 billion us dollars to create one fake bitcoin that will only allow a few minutes of double spending before the system kicks u out.

if writer says sell cryptos and buy silver.. that i would agree cos silver has utility value but to sell cryptos for a ponzi like gold . abit hard to swallow.
bitcoins are disruptive in nature, but banks are going to use it. So, my prediction is, the next industry to be UBER'ed will be gold...
Reply With Quote
Old 04-12-2017, 12:34 AM
Altima Altima is offline
Senior Member
Join Date: Dec 2012
Posts: 1,861

Is rsspost a bot or something?
Reply With Quote
Old 04-12-2017, 03:48 AM
daniel6886 daniel6886 is offline
Senior Member
Join Date: Feb 2013
Location: NEL
Posts: 646

Originally Posted by Altima View Post
Is rsspost a bot or something?
read somewhere before in the forum rsspost is setup by admin to post all this article from other website
Reply With Quote

Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off

Forum Jump

All times are GMT +8. The time now is 03:53 PM.

Powered by vBulletin® Version 3.8.7
Copyright ©2000 - 2018, vBulletin Solutions, Inc.