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Platinoid
Member since May 2012
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Bitcoin Takes on Gold

- John Browne - Euro Pacific Capital

Well, the oecd had a conference earlier thsi year, and discussed BEPS;
Base Erosion and Profit Shifting, the reality that corporations and individuals
can re-allocate profits and capital to tax-advantageous jurisdictions to avoid
taxes.

it's all tied into the growing international cooperation between governments
to ensure that "everyone pays their fair share of taxes"

if I were a sophisticated investor with solid international investment advice,
not to mention lots of cash in US dollars, I might consider Bitcoin.

But like many small investors here, i just can't afford the whip-saw on a trade that isn't a real
commodity, but is in fact, a money-sanitizing service.
I use the term 'sanitizing', as Bitcoin is perfectly legit, so far.

I worry about ravenous governments, hungry for revenue, cutting endless arrangements
like the our US FATCA, to ensure tax is scraped from every possible source.

Also, because Bitcoin appears to be a service, rather than a physical commodity, once
the OECD and other organizations find the regulatory tools to tax Bitcoin, the whole
thing may come down, and very fast.

not dissing the sophisticated investor here; if you can make money with Bitcoin,
then the more power to you.

as for me; Silver ratio to gold is at 61:1!!!!!

So I am sticking with metal,
If the OECD runs out of members invested in Bitcoin and they find a legal way to
"regulate" 'The Bit", at least I will have something I can haul in for cash.

Buy silver, it is cheaper than camel droppings right now.

DCA, All The Way!

-Plat

Commented 3762 days ago

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Beginning of the headline :Ever since President Nixon broke the US dollar's last link to gold, the world has been set adrift on a sea of fiat currencies that have been increasingly debased, serving the interests of governments and financial elites. For the last five years, central banks have imposed near-zero rates of interest that have helped push up stock, bond, and real estate prices, but have made it nearly impossible for savers to receive meaningful returns on bank deposits.To make matters worse, the apparatus of nat... Read More

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