-37 votes

*Red Alert: Get Out Of Gold And Silver! Use Paper Dollars!

If you own Silver and Gold get out Now!

First of all, Gold and Silver is in a Bubble. Look here is an Article that says it is: http://www.thedailybeast.com/articles/2012/08/17/gold-bubble...

Second, we already know the government has precedent to make it illegal to own Gold and Silver and will do it again. This will come with stiff Jail Sentences and downright forceful confiscation!

Third, The Government has labeled anyone owning precious metals as possible Domestic Terrorists. Sell your Silver and Gold now so you can live without fear of being persecuted by your government!

http://www.activistpost.com/2011/12/10-ridiculous-things-tha...

Forth, The Government is looking to regulate and record anyone who is purchasing physical Silver and Gold. They will Track you!

http://dailybail.com/home/update-new-bill-requires-gold-silv...

Now lets talk serious! For anyone here who owns Gold and Silver does any of that propaganda make Gold and Silver illegitimate as money? Does it give you reason to sell your Gold and Silver?

I dont think so... Sure, it's risk is a concern but considering the alternative which is to hold paper Dollars it's well worth taking the risk.

So why do all the Bitcoin haters try to use the same fear mongering propaganda techniques to downplay Bitcoins?

Look, are there hurdles to overcome? OFCOURSE there are! What, did you think the most powerful Banking Cabal would just lay down and die without a fight? Do you think there just going to relinquish power back in the hands of the people? No! There going to get their bought off government lackey's and Media whores to throw everything they got at Bitcoins. In my opinion this only legitimizes Bitcoin as a weapon that can be used against the Bankers!

End the Fed! Use Bitcoins!

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ignorant? I suggest you go

ignorant? I suggest you go see what happened to the guy who was selling liberty dollars. The Fed can not have a currency competing against the US dollar. They will shut it down one way or the other. probably hack into it and blame it on North Korea. You are the ignorant fool. All bitcoin is, is another digital currency. It is only good as long as the computers stay up and can not be hacked. Think. Just like those poor fools in Cyprus who are going to lose lots of Euros, dollars etc. Digital currency in a bank that the government id CONFISCATING. And I'm the ignorant one.. lmao.

SELL IT ALL SELL IT NOW!!!

Gold and and silver are a massive bubble and the right event will pop it and you will lose almost everything.

Sell it all and sell it now!!

peAce

PS. Just for you, I will buy it form you. You know, to help you out of a tough spot, that is what friends are for, you love liberty so this one time, I will buy from you.

Liberty = Responsibility

Horrible Reading Comprehension

Sad

ecorob's picture

Hey, great idea!

I think I'll sell all of my beans and rice while I'm at it. They are in a bubble, too.

Water, anyone? Its in a bubble.

Oh, I see. Its sarcasm.

Here's some truth. When the bitcoin bites the dust you will hear a great sucking sound...its your electronic money vanishing into thin air.

I'll hold what little physical wealth that I can in my hands, thank you very much. But I promise you this, I won't fault you you one bit, your bitcoin purchases.

I will hold wealth and you will hold illusion.

its 'cos I owe ya, my young friend...
Rockin' the FREE world in Tennessee since 1957!
9/11 Truth.

thank you

ive been waiting for someone here to call out bitcoin as totally bogus. it is functioning like someone's ponzi scheme, no? why would people want to trade digital federal reserve fiat dollars for digital bitcoin fiat crap? because you "trust" bitcoin? well, many fools still trust the FRN, and the tears will flow

Visit https://soundcloud.com/politics-of-freedom for all recent Ron Paul interviews, speeches, debates, forums, panels, press conferences, news coverage, and Texas Straight Talk updates!

"Terrorism is the war of the poor, while war is the terrorism of

I actually agree that gold could be in an epic bubble

But bitcoin is not the answer. You want something that holds value? Imagine that the SHTF tomorrow. What are the things that would be most valuable under that scenario? I would argue probably not gold, and definietly not bitcon. You want to be invested in things like food, land, oil, guns and ammo, etc... stuff that has real utility and real value. Precious metals have largely lost their relevance in modern society. Why should gold be more valuable than steel or titanium? Because it's shinier? Yes I know gold is more scarce, and I know all about it's historical role as a currency, but where is the utility? I honestly don't get it. Anyways, I know that might be a controversial view point around her, but that's just my honest opinion.

Cyril's picture

Some remarks

I believe Bitcoin has solid computational foundations. And a very acceptable level of fairness as far as its deterministic inflation is concerned, seemingly impossible (read: computationally utterly impractical) to manipulate from a central location.

That said, I'm unsure (read: lack of insights) on how it could scale well enough over mesh networks, should that be necessary because of a would-be PTB grab over the Inet global infrastructure as we know it (which one can never completely exclude as a possibility, IMO).

Anyway, AFAIC, I'm with Dr. Ron Paul : for competing currencies. Which come with an essential property of natural scarcity without workaround. And Bitcoin does seem to qualify to a fair extent, there, from my point of view.

As for gold, I don't think it is or has EVER been in an "epic bubble", as a matter of fact, no more than silver.

I'd rather suggest that...

fiat currencies might very well be in AN EPIC PLUNGE, altogether.

TODAY.

One just has to look out of their window, as that translates in overwhelming fraud, and corruption all centralized :

Stunning Charts

http://dotxml.brinkster.net/2012/Misc/G4_Charts.pdf

http://www.dailypaul.com/279257/nigel-farage-and-daniel-hann...

Now, on applications of precious metals, beyond the use as money :

Well, gold does have a number of applications. In electronics, astronautics, medicine... And an even more compelling case can be made for silver, from what I can see :

http://www.silverinstitute.org/site/supply-demand/silver-dem...

http://www.dailypaul.com/279013/what-does-the-start-of-a-mov...

And yet, this is with a demand from individual investors (coin holders) still relatively VERY low, actually, RIDICULOUSLY LOW still today, as compared to the rest...

My .02.

Peace.

"Cyril" pronounced "see real". I code stuff.

http://Laissez-Faire.Me/Liberty

"To study and not think is a waste. To think and not study is dangerous." -- Confucius

The utility?

Find the closest electronic device and break ii open and you will be surprised at the precious metals being used

Gold & silver are Money. I am sure you do not mean to say money lacks utility.

SHTF - you cant every single need covered. Sooner or later you will need to buy something and in SHTF scenario your Credit/debt card will be as useful as bitcoin.

Silver should be used as money to support needs, gold is how you store wealth from a monetary system that is failing.

Modern society is what is irrelevant not gold and silver.

peAce

Liberty = Responsibility

And if you need to leave your country:

Good luck taking all that with you

"We’ve moved beyond the Mises textbook. We’re running in the open market." - Erik Voorhees

Cyril's picture

Yes, but...

One can say the same about any commodity deemed or implicitly regarded as valuable and a threat to TPTB, IMO.

"Cyril" pronounced "see real". I code stuff.

http://Laissez-Faire.Me/Liberty

"To study and not think is a waste. To think and not study is dangerous." -- Confucius

Cyril's picture

Prosopopoeia

The Righteous, the Badass, and the Devil

=

Precious metals, Bitcoin, and fiat currencies

(Just IMO. YMMV.)

"Cyril" pronounced "see real". I code stuff.

http://Laissez-Faire.Me/Liberty

"To study and not think is a waste. To think and not study is dangerous." -- Confucius

robot999's picture

Help me understand...

how would I use my Bitcoins if there was a massive EMP (Solar event) that took out the power in the USA? (Not a hater, just a questioner)

"Government is the entertainment division of the military-industrial complex". - Frank Zappa

Thank You!

I worry about this all the time!

I mean what if an Astroid hit earth, How would you use your Bitcoins then?

What if Aliens invaded and demanded all our Bitcoins!

What if Jesus came back to earth, what would your Bitcoins be worth then..

Think about it people! What if...

so you're actually putting

so you're actually putting the chances of a solar/emp/nuclear attack/disruption on the same level as aliens and Jesus returning?

“Let it not be said that no one cared, that no one objected once it’s realized that our liberties and wealth are in jeopardy.”
― Ron Paul

Bitcoin hasn't been a form of

Bitcoin hasn't been a form of money for 5000 years...not even 5000 days.

The government can shut down the internet. They can destroy the bitcoin system just like they can with online poker. They can make it illegal with steep penalties. Who would pay with or accept Bitcoins when there was say a 10 year prison sentence to go with it?

They have to physically come into your home and FIND your gold in order to confiscate. Gold can be hidden. Gold can be buried. Gold can be stored outside of the US and outside of the reach of the US government.

“Let it not be said that no one cared, that no one objected once it’s realized that our liberties and wealth are in jeopardy.”
― Ron Paul

Gold hoarding and bartering can be outlawed.

With asset forfeiture and 10% of the take going to the person who turned you in.

Or with death as was the case in the Soviet Union post revolution when people were found with gold.

Events like these have only

Events like these have only happened in history for a relatively short period of time ...until there is revolution and the current oppressive regime is overthrown. When things get this bad, collapse of the government usually soon follows.

STILL....gold and silver can be hidden (or removed from the country) until better days. Your wealth can be secured.

Something like Bitcoin can be gone in a second...never to return.

“Let it not be said that no one cared, that no one objected once it’s realized that our liberties and wealth are in jeopardy.”
― Ron Paul

In the US gold ownership was banned for 40 years.

1933-1973.

I'm not a bitcoin proponent, but you have to have all the facts.

For 40 years in the US privately held bullion and bullion coin was confiscated.

This time, Sauron has the ring of power. How do you think it's going to turn out?

How much gold was confiscated

How much gold was confiscated and how many people actually went to prison who kept theirs?

Gold isn't even the place to be IMO, silver is. Pre 1965 US silver coins. You think the government will be confiscating it's own coinage?

“Let it not be said that no one cared, that no one objected once it’s realized that our liberties and wealth are in jeopardy.”
― Ron Paul

Agree on "junk" silver.

As far as the gold ban between 1933-1973, essentially all of it (excl. industrial gold fillings, pre-1933 numismatic collectibles and a few other minor exceptions).

The "banking emergency" were bank closures where the banks and FBI went through safety deposit boxes removing gold and replacing it with FRNs.

The gold that was confiscated then went (presumably) to Fort Knox.

Bartering, trading or hoarding gold thereafter (until 1973) was illegal.

While I do not believe the government will confiscate pre-65 silver coin, it very well will attempt to outlaw "barter", make it subject to arrest and asset forfeiture.

I would say that FAR more

I would say that FAR more gold was exported/hidden vs. turned in.

http://en.wikipedia.org/wiki/Executive_Order_6102

and only 1 prosecution? Not much teeth in that.

This was also during a period when people trusted the government. Most felt patriotic. Those days have changed. Over 75% of the population now doesn't trust the government and knows they are all crooks. Good luck ever getting the same levels of compliance during the next confiscation. If they try to physically come in and steal from people, I'd guess they would find far more lead than gold.

“Let it not be said that no one cared, that no one objected once it’s realized that our liberties and wealth are in jeopardy.”
― Ron Paul

LALA Land

Then also 50% of the people weren't on the dole.

Under emergency HSD directives, people who turn in their neighbors will get a cut of the asset forfeiture or a week's ration card.

Tell me how that's going to work.

Those 50% aren't the ones

Those 50% aren't the ones holding the gold now are they? Maybe you and your neighbors know everything about each other, but most don't.

There is a reason why the lines are backed up for miles at the gun shows. People are not preparing to give up everything they own.

“Let it not be said that no one cared, that no one objected once it’s realized that our liberties and wealth are in jeopardy.”
― Ron Paul

But who you try to barter with...

...will know enough to get your home raided and wait for their 10% take.

Look I'm not arguing with you here. I'm just saying be prepared.

You are assuming an awful

You are assuming an awful lot.

An electronic payment system can be shut down in a seconds notice by people hundreds or thousands of miles away from you. Whether it's a bank account, online poker, Intrade, Bitcoin, brokerage accounts, etc...all of these things can disappear overnight. You are left high and dry with no recourse. You at least have choices when gold/silver is in your possession.

Also, going back to the 1930's confiscation, there was notice. Those with gold had plenty of time to make arrangements. Most either hid it or sent it overseas.

“Let it not be said that no one cared, that no one objected once it’s realized that our liberties and wealth are in jeopardy.”
― Ron Paul

If bitcoin were a form of

If bitcoin were a form of money for 500 years, the software could NEVER update itself. It's slow enough as it is trying to go through three years of indexes before you can even use it.

And for the support of this Declaration, with a firm reliance on the protection of Divine Providence, we mutually pledge to each other our lives, our fortunes and our sacred honor.

a fellow DPer wrote this to help all you skeptic newbies:

http://www.dailypaul.com/279171/why-bitcoin-cannot-be-contro...

"We’ve moved beyond the Mises textbook. We’re running in the open market." - Erik Voorhees

LOL I guess all the down

LOL I guess all the down votes shows just how many people didn't read the OP and knee jerked it on the title...

-----
End The Fat
70 pounds lost and counting! Get in shape for the revolution!

Get Prepared!

the strangerr's picture

or, they read the whole thing -

sighed, then went to zerohedge for a little reading. You never know...

You read Zero Hedge!

Awesome, You must have bought Bitcoins at it's early onset. An article on Zero Hedge actually got me interested in Bitcoins and they post so many more explaining just how awesome Bitcoins are! Glad you read my post, and glad you bought Bitcoins. End the Fed, Use Bitcoins!