The Crypto coin thread

[trigger_andy]

Just now, Mark J said:

The value of things comes down to either how much work is involved in obtaining it, or how useful it is. The scarcer the resource, the more valuable it becomes.

True to a point. But then Platinum is more scarce than Gold and harder to obtain and obviously useful  yet has never been considered money.

 

Currently Platinum is trading significantly below Gold but for a while they where comparable. 

 

Gold is also where the traders run to when markets are down. 

 

Historically fiat currency has never lasted longer than something like 60 years? Paper is just that, you just have to have faith in it. But Gold, for the last 6000 year anyway, has been regarded as money all over the globe and will continue to be so. 

[Mark J]

8 minutes ago, trigger_andy said:

True to a point. But then Platinum is more scarce than Gold and harder to obtain and obviously useful  yet has never been considered money.

 

Currently Platinum is trading significantly below Gold but for a while they where comparable. 

 

Gold is also where the traders run to when markets are down. 

 

Historically fiat currency has never lasted longer than something like 60 years? Paper is just that, you just have to have faith in it. But Gold, for the last 6000 year anyway, has been regarded as money all over the globe and will continue to be so. 

People like shiny things.

[trigger_andy]

Just now, Mark J said:

People like shiny things.

There is that. Its why the Bank of England has rolls and rolls of tinsel in their vaults. 

[Rob D]

5 minutes ago, trigger_andy said:

True to a point. But then Platinum is more scarce than Gold and harder to obtain and obviously useful  yet has never been considered money.

 

Currently Platinum is trading significantly below Gold but for a while they where comparable. 

 

Gold is also where the traders run to when markets are down. 

 

Historically fiat currency has never lasted longer than something like 60 years? Paper is just that, you just have to have faith in it. But Gold, for the last 6000 year anyway, has been regarded as money all over the globe and will continue to be so. 

 

Platinum has not been considered money perhaps - but it is still seen as valuable... and it could change around again with Platinum being worth more than Gold.

 

 

You could probably say both are valuable and always will be.

 

Fiat currency will always go to zero. The $ will go to zero and be replaced. The £ will go to zero and be replaced. Or if they don't then they are the first ever not to do so [highly unlikely]. If you have studied how money came about you'll realise that they will become worthless

 

But Gold, Platinum will always be valuable. Bitcoin will be valuable in the short term and even if it goes to zero will likely be because other cryptos have taken the baton.

 

 

 

 

 

 

 

[trigger_andy]

1 minute ago, Rob D said:

 

Platinum has not been considered money perhaps - but it is still seen as valuable... and it could change around again with Platinum being worth more than Gold.

 

 

You could probably say both are valuable and always will be.

 

Fiat currency will always go to zero. The $ will go to zero and be replaced. The £ will go to zero and be replaced. Or if they don't then they are the first ever not to do so [highly unlikely]. If you have studied how money came about you'll realise that they will become worthless

 

But Gold, Platinum will always be valuable. Bitcoin will be valuable in the short term and even if it goes to zero will likely be because other cryptos have taken the baton.

 

 

 

 

 

 

 

I remember that Pt peak.  I was buying a fair bit of AU, AG and a bit of PT between 2010 and 2015 and cashed in to fund the deposit of my house in Norway. The speculation back then was AU and PT where gonna remain the roughly level and that PT was perhaps gonna over take gold. 

 

I had a couple of 1kg AG coins from the Perth and RCM Mints, I thought thought they where cool and where a fun thing to bring out at dinner parties.

 

Dont have much these days so what I do buy I like them to have some history. Even if its just some Morgans or Peace Dollars.  

 

I bought a Goloid Dollar one time on the off-chance it was not fake. It was fake.  

[Rob D]

Also another odd fact thing to notice - silver if you want to buy it right here right now is $35-00 in the UK.

 

Yet the 'official' price on the COMEX is $26 so how does that work?

 

 

[Rob D]

I have some Silver - may buy some more - as tech increases seems like it could go up - and I'd rather have that right now than £ notes..

[trigger_andy]

Also another odd fact thing to notice - silver if you want to buy it right here right now is $35-00 in the UK.
 
Yet the 'official' price on the COMEX is $26 so how does that work?
 

 

There is always a premium on coins. Cheaper to buy bullion. There is also vat on Silver at 20%, no vat on Silver in Norway though.

Better off buying older 90% Silver coins that are closer to spot price, or even scrap silver off of eBay.

I get Silver for free when I make Jewellery with them off-shore.

[trigger_andy]

I have some Silver - may buy some more - as tech increases seems like it could go up - and I'd rather have that right now than £ notes..

Supposedly there is 500oz of Silver in each Tomahawk Missile. Now that the Warmonger Biden is in power it’s only a matter of time before they’re slung at countries with Brown people to ‘liberate’ them. Silver might be making a jump.

Interestingly Silver is the most conducive and the most reflective metal in the world. But obviously it oxidises and gold does not.

The Cable we run on some Wells is Copper coated in 30% Silver. We can run about 10,000 meters of the stuff at a time. When these wells reach the end of their lives the cables come back out and get scrapped. Someone’s making some serious coin.

[astra25]

3 hours ago, Mark J said:

What's that all about then?

Why are you changing my posts?
Have you an agenda or are you just a bit of a mug?

I don't even know how I did that I was just trying to comment on the main thred. No offence.