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     8 years ago 

    Agreed - even then I think I'd prefer to just hedge with puts instead of gold

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     8 years ago 

    Puts are obviously going to be more profitable. Catching the right mining stock or buying calls on such a mining stock (I have no experience with this one) could be great options too. Bitshares actually has their smart assets bitGOLD and bitSILVER so that's a nice option too if you want to save on fees.

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     8 years ago 

    Great call on BTS - been slowly upping my position it in for a number of reasons and this only lends more support for that

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     8 years ago 

    On top of the Bitshares is the only place where you can get your hands on things like https://museblockchain.com and https://zephyr.bitspark.io which are projects with great potential.

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       8 years ago 

      That is a good question, I honestly doubt it as long as gold & silver is being traded on Comex. I think we need a new exchange system, and that is where crypto exchanges comes into the picture. They need to be decentralized.

      But, we also need that financial crisis, and we are getting closer every day, I think this current US expansion is the second longest ever even though the growth is really low, it has now lasted about 9 years and we should be very close to the peak. Probably within 2 years.

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       8 years ago 

      We do have Bitshares Smart Assets and DigixDAO (DGD) The problem is the volume. It's super low. In 2016 I was thinking about a possible crash 2019-2020 but now I think the current madness could continue much longer and blow up much worse. I mean who would have expected negative interest rates that was actually acceppted by people.

      As short a time ago as February, the Ministry of Plenty had issued a promise (a "categorical pledge" were the official words) that there would be no reduction of the chocolate ration during 1984. Actually, as Winston was aware, the chocolate ration was to be reduced from thirty grammes to twenty at the end of the present week. All that was needed was to substitute for the original promise a warning that it would probably be necessary to reduce the ration at some time in April.

      It appeared that there had even been demonstrations to thank Big Brother for raising the chocolate ration to twenty grammes a week. And only yesterday, he reflected, it had been announced that the ration was to be REDUCED to twenty grammes a week.

      I'm not going to underestimate human madness.

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