More people are realizing that China and Greece are very close to default. There...

dragontamer · on Nov 4, 2015

Where the hell is the flight to gold and bonds then?

Something else is going on. Gold is still at $1,120ish USD. There is no flight to safety.

gesman · on Nov 4, 2015

Two reasons.

1. US markets are priming for a temporary rise till approx. end of spring / mid-year 2016.

2. Gold is no longer safe bet in the light of a large scale government defaults and rather drastic domino effort that will follow.

For how long do you think Fed are going to kick the can down the road?

dragontamer · on Nov 4, 2015

> 2. Gold is no longer safe bet in the light of a large scale government defaults and rather drastic domino effort that will follow.

That makes no sense what so ever.

gesman · on Nov 4, 2015

https://en.wikipedia.org/wiki/Executive_Order_6102

In case of drastic economic downturn this is a possibility along with currency devaluation.

Back then there were no bitcoin in existence. Today it is.

dragontamer · on Nov 4, 2015

If you're worried the evil gov'mt is gonna steal your gold, then why won't they just steal your BTC too?

There's a reason why Swiss safety deposit boxes of gold exist. You gotta pull that crap out of the country. Hell, if the US Government just declared ownership of the BTC Network through subpeonas, they can effectively 51% attack it and double-spend all the BTC they want anyway.

So no, your hyperbole does not convince me.