Bitcoin: The Money of The Internet (Read: 21st Century)

Bitcoin: The Money of The Internet (Read: 21st Century)

Since Bitcoin arises out of the Internet, there is certain to be not only a generation gap in understanding, but also skeptics the world over who make good points about the monetary options’ legitimacy and viability. But, above and beyond the practical applications of Bitcoin, there is a moral aspect. Feuerabend, in his book Against Reason, wrote that, in scientific inquiry, “anything goes.” When it comes to undermining the dominant financial system and declaring our own independence from the historical rulers as a collective, GoldSilverBitcoin believes “anything goes.” Each individual will find his or her own comfort in using alternative currencies, and so they should only do so within their comfort.

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Bitcoin Runs Laps Around Precious Metals, Nearly 40% Gains Since Feb. 1

The digital gold standard known as Bitcoin has shown impressive strength in the mist of the recent drop in all precious metals. Gold lost 40 dollars in a 24 hour period to close for the weekend at $1610.30. This loss reflects a 2.4% drop. Silver had a more significant drop falling from $31.00 to close at $29.80 dollars an ounce. This reflects a 3.4% drop in the common man’s gold. These drops have occurred
despite, as Harvey Organ reports, the gold demand for the quarter was 6% higher year-on-year at $66.2bn marking the highest ever Q4 total and driving annual demand in 2012 to a record value of US$236.4bn. (more…)

Why Bitcoin? Why Now, In The Age of Precious Metals??

For those long time purchasers of precious metals, understanding what is fundamentally money and the difference between it and currency,  is easy. Why precious metals have been money throughout history is logical to all those that are willing to pull themselves out of the false paradigm of legal tender fiat currency printed by central banks at the interest of private holders. After all, there are no laws that need to be passed that require gold and silver to be taken as payment for goods and services, as the qualities of precious metals easily avail themselves to people that would accept them as payment. Their luster is desirable to all peoples throughout the world regardless of culture, education, or any other demographic that one can find. Precious metals are of course “precious” meaning that they are limited in their availability and the enormous time and resources required  in order for one to be able to attain these metals. Bitcoin too is money because it contains all the aspects of money that precious metals do, just in the novel, complex and beautiful digital world of the present day. (more…)

Gold Silver Bitcoin: It’s Your Choice

Gold Silver Bitcoin welcomes you to our inaugural blog post. We are now open, serving the public with the precious metals and bitcoin products listed at our website. We come from five years of experience in the bullion industry, with connections to the largest distributors, and an inclination in favor of the digital technology bitcoin. That is why we believe “it’s your choice,” and have begun Gold Silver Bitcoin to make that choice all the easier.

We remember when we were working in the California industry in 2011 as the fiscal cliff approached. Silver had finished its monumental run-up to $50, and we were exhausted from long days under the office lights and 50 pound monster boxes. The whole world was on edge as the US approached the cliff, and gold had begun its run towards $2,000. People were now moving into that market en masse. For the first time more ounces of gold seemed to be flying out the doors than silver. (more…)