So sorry to hear that. It must be very frustrating. However, it is laughable for any one of us who been following you. Gold is money; all else is credit.
Absolutely. The day I see Alasdair Macleod flogging/punting crypto for real would be the day my belief in all things honest flies straight oot the window. Plus that would also be the day his legacy would be in tatters. Ain't never gonna happen
It's been 15 years and still the same rhetoric. Bitcoin is the highest returning asset of all time but if you don't like it that's your choice. Personally I hold precious metals and BTC. I've held silver for 15 years and have never made a profit, despite the continual rhetoric of how inexpensive and fantastic the investment is.
Play with BTC by all means. Gold is not an investment. It is money and should be regarded as such. By the way, BTC correlates nicely with the magnificent seven. I expect when they collapse BTC probably will as well.
Alasdair, You have educated all of us here on gold as being money and all else is simply a credit in a fiat system. You've also been clear on every video that "it's not gold going up, it's fiat currency going down." Nonetheless, in practical terms, it is fiat dollars that we take to the grocery store. Since 1971 it takes more fiat dollars to buy the same ounce of gold (and everything else) as it did more than 50 years ago. So if we hold gold and exchange it later for fiat as we need it, we are improving our buying power, very much like an investment. Until a Sound Money standard emerges, this seems to be an investment, a reasonable strategy to me. Your thoughts? R
Investment? It's not even a regulated investment. An investment is for an expected return. Accumulating money is not. Gold is money. Currency is credit. To get out of credit and into money is never making an investment but seeking safety.
I appreciate your distinction between money and an investment. The reason to make an investment with fiat is so that the fiat's buying power will at very least buy the same goods tomorrow as it buys today. You've shown how commodities and goods that are priced in gold have not changed in price, so holding on to money (gold) will continue to buy next year what it buys today. With fiat you need to make an "investment" in order for that to happen. With gold we make it happen while keeping buying power safe.
Yes, you’re probably correct. Each bull cycle has occurred during QE. I’ve learned a lot from you since joining in November! Gold is money and Everything else is credit. I don’t actually have BTC at this time. Entered at 30k and exited at 91 for a 3x minus capital gains tax. More fiat for Gold.
Thanks for the info. We totally agree on crypto. From the very beginning of the cryptomania I have asked myself: "Where is the store of value", "What is the medium of exchange", "Why does this look like a gambling Casino", "Who is promoting this and for what purpose". No answers to any of these have satisfied my questions.
When this scam is revealed the results will be truly unreal.
Keep up your great, logical, factual education, it is great.
I reported it Alasdair, didn’t see the crypto stuff but saw the address was not yours . Sadly it seems the bigger your profile, the more likely you are going to get scumbags camping their tanks on your lawn.
If you are in a position that requires a “greater fool” to prosper, you do have to promote it to find greater fools. Unfortunately, some will use a credible persons identity to try promote the casino to spur demand for invisible chips.
So sorry to hear that. It must be very frustrating. However, it is laughable for any one of us who been following you. Gold is money; all else is credit.
Thanks everyone. What concerns me is that a follower might get scammed.
Absolutely. The day I see Alasdair Macleod flogging/punting crypto for real would be the day my belief in all things honest flies straight oot the window. Plus that would also be the day his legacy would be in tatters. Ain't never gonna happen
....and BTC is a hot air bubble
It's been 15 years and still the same rhetoric. Bitcoin is the highest returning asset of all time but if you don't like it that's your choice. Personally I hold precious metals and BTC. I've held silver for 15 years and have never made a profit, despite the continual rhetoric of how inexpensive and fantastic the investment is.
Play with BTC by all means. Gold is not an investment. It is money and should be regarded as such. By the way, BTC correlates nicely with the magnificent seven. I expect when they collapse BTC probably will as well.
Alasdair, You have educated all of us here on gold as being money and all else is simply a credit in a fiat system. You've also been clear on every video that "it's not gold going up, it's fiat currency going down." Nonetheless, in practical terms, it is fiat dollars that we take to the grocery store. Since 1971 it takes more fiat dollars to buy the same ounce of gold (and everything else) as it did more than 50 years ago. So if we hold gold and exchange it later for fiat as we need it, we are improving our buying power, very much like an investment. Until a Sound Money standard emerges, this seems to be an investment, a reasonable strategy to me. Your thoughts? R
Investment? It's not even a regulated investment. An investment is for an expected return. Accumulating money is not. Gold is money. Currency is credit. To get out of credit and into money is never making an investment but seeking safety.
I appreciate your distinction between money and an investment. The reason to make an investment with fiat is so that the fiat's buying power will at very least buy the same goods tomorrow as it buys today. You've shown how commodities and goods that are priced in gold have not changed in price, so holding on to money (gold) will continue to buy next year what it buys today. With fiat you need to make an "investment" in order for that to happen. With gold we make it happen while keeping buying power safe.
Yes, you’re probably correct. Each bull cycle has occurred during QE. I’ve learned a lot from you since joining in November! Gold is money and Everything else is credit. I don’t actually have BTC at this time. Entered at 30k and exited at 91 for a 3x minus capital gains tax. More fiat for Gold.
Thank you for the education on money!
Thanks for the info. We totally agree on crypto. From the very beginning of the cryptomania I have asked myself: "Where is the store of value", "What is the medium of exchange", "Why does this look like a gambling Casino", "Who is promoting this and for what purpose". No answers to any of these have satisfied my questions.
When this scam is revealed the results will be truly unreal.
Keep up your great, logical, factual education, it is great.
Grouping bitcoin and crypto together is like grouping gold and stainless steel together.
Cryptocurrency is an unregulated market.
Thank you Alasdair.
I too was approached. Very "convincing" until I woke up. No damage done. Crypto/Ponzi anyone?
I reported it Alasdair, didn’t see the crypto stuff but saw the address was not yours . Sadly it seems the bigger your profile, the more likely you are going to get scumbags camping their tanks on your lawn.
Just how ignorant are the shills lol!
Sir... I can only try to understand how annoying and molesting these events could be.
But, trying to up You a little bit... They are using Your name because it's You.
So, get them like being a medal of honor...
:)
Have a nice weekend!
If you are in a position that requires a “greater fool” to prosper, you do have to promote it to find greater fools. Unfortunately, some will use a credible persons identity to try promote the casino to spur demand for invisible chips.