A Quote by Mark Skousen
Bitcoin is not an actual physical coin, and if computers are shut down, you can't buy or sell them. That's why nothing will ever replace gold and silver coins themselves, and all investors should have them at home or in a safe deposit box.
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Many gold and silver experts will recommend you buy numismatic coins - rare and old coins. If you are not a rare coin expert, I'd encourage you to stay away from them. New investors often pay too much for rare coins that are not really rare.
If anybody has any idea of hoarding our silver coins, let me say this. Treasury has a lot of silver on hand, and it can be, and it will be used to keep the price of silver in line with its value in our present silver coin. There will be no profit in holding them out of circulation for the value of their silver content.
Well, bitcoin is a currency. Bitcoin has no underlying rate of return. You know, bonds have an interest coupon. Stocks have earnings and dividends. Gold has nothing, and bitcoin has nothing. There is nothing to support the bitcoin except the hope that you will sell it to somebody for more than you paid for it.
If you have faith in our leaders of commerce, don't buy gold. If you do not have faith in them, maybe you should buy gold or silver.
The functionaries of every government have propensities to command at will the liberty and property of their constituents. There is no safe deposit for these but with the people themselves, nor can they be safe with them without information. Where the press is free, and every man able to read, all is safe.
I think my gap adds character. A while ago, on the street, a guy yelled, 'You could stick a gold through your front teeth!' Which meant I could put a £1 coin between them. But you can't. I've tried! Fifty-pence coins and 2-pence coins, yes. But not a pound.
The Jacksonians were not monetary nationalists; specie was specie, and they saw no reason that foreign gold or silver coins should not circulate with the same full privileges as American-minted coins.
There is not necessarily a good reason why a regulator should have to be involved in product design and marketing for rich and sophisticated investors. We recommend that such investors should be able to sign a piece of paper, which allows them to go ahead and buy unregulated products at their own risk.
Investors... can't pick stocks that are better than average. Stocks are a good thing to own over time. There's only two things you can do wrong: You can buy the wrong ones, and you can buy or sell them at the wrong time. And the truth is you never need to sell them.
I think anybody who is interested in keeping their money safe from the criminal banking system would want gold, silver, and Bitcoin.
How then shall they have the play-games you allow them, if none must be bought for them?" I answer, they should make them themselves, or at least endeavour it, and set themselves about it. ...And if you help them where they are at a stand, it will more endear you to them than any chargeable toys that you shall buy for them.
I went to America in the winter of 1872-73, authorised to secure, if I could, the passage of a bill demonetising silver. It was in the interest of those I represented - the governors of the Bank of England - to have it done. By 1873, gold coins were the only form of coin money.
The bitcoin protocol is about mining bitcoin, not pricing bitcoin. There is nothing in the protocol about establishing a market price for bitcoin; you need a market for that, but what if all the exchange markets are shut down?
Prior to 1968, the gullible gentiles could take a one dollar Federal Reserve note into any bank in America and redeem it for a dollar which was by law a coin containing 412 1/2 grains of 90 per cent silver. Up until 1933, one could have redeemed the same note for a coin of 25 4/5ths grains of 90 per cent gold. All we do is give the goy more non-redeemable notes, or else copper slugs. But we never give them their gold and silver. Only more paper.
I thought of my father's wisdom, as though it were buried in a box under a tree. As in the old song - a gold box with a silver pin. Some day I should be grown up, and I should dig up the box and turn the pin.
Place 5 percent to 10 percent of your total assets in gold bullion and selected gold and silver coins. No one knows with certainty whether the coming depression will be inflationary or deflationary.
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