Bitcoin, Gold And Silver As Bail-ins and Capital Controls Loom

Friday, May 16, 2014
By Paul Martin

Gold Core
GoldSeek.com
Friday, 16 May 2014

Bitcoin, Gold And Silver As Bail-ins and Capital Controls Loom
Earlier this week in an interview with Max Keiser, I emphasised the importance of owning physical gold and silver outside the financial system and in safer jurisdictions in the world such as Zurich and Singapore. The transcript of the interview and the video can be accessed here.

I also mentioned owning bitcoin as a way to protect wealth from bail-ins and capital controls.

This provoked quite a few emails, some irate, accusing me of ramping and promoting bitcoin.

Many of the emails made the point that bitcoin should not be compared to or included with physical gold and silver as a store of value or as financial insurance. I have sympathy for this view and remain skeptical of bitcoin as a store of value … at this time. See some of my reasons in the conclusion.

The Rest…HERE

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