Purchasing Gold In Buenos Aires

[rudy]

Thanks guys. useful info. Especially Joe, interesting URLs!

 

[scotttswan]

You've been telling people for years now Bitcoin will crash. Some Argentines that did NOT follow you advice have gotten rich by selling pesos in exchange for Bitcoins.

You investment advice has been as profitable as CFK's


http://www.pri.org/s...lars-save-pesos

No i've been saying bitcoins are incredibly fundamentally flawed and the entire bitcoin eco-system is hilarious in a scary quasi-religious way.

Those Argentines have only made money if they managed to sell their bitcoins abroad in exchange for another countries money before they dropped in price though.

Remember Ponzi's are great as long as you're the first to get your money out. :lol:

 

[Joe]

No i've been saying bitcoins are incredibly fundamentally flawed and the entire bitcoin eco-system is hilarious in a scary quasi-religious way.

Those Argentines have only made money if they managed to sell their bitcoins abroad in exchange for another countries money before they dropped in price though.

Remember Ponzi's are great as long as you're the first to get your money out. :lol:

It's an easy way for them to get money out of the country if they have an overseas bank account. No need to hold the bitcoins for more than a few hours if they don't want to.

 

[Hybrid Ambassador]

Your fellow Neo-Keynesian Bernanke agrees with you: http://youtu.be/k1eO1P4YwHM?t=29s

Central bank holding gold? Which countrie's ones? last time I was visiting Fort Knox,the main building it was at its fullest,but the second time visited, there was a big placard on each countrie's division where the Gold once was the written on it "I owe you"
So no more Gold being held in US fed banks !

https://www.google.com/search?q=gold+fort+knox&espv=2&tbm=isch&tbo=u&source=univ&sa=X&ei=a1_VU6m6KuP5iwKFzIGoBQ&ved=0CBwQsAQ&biw=1146&bih=625&dpr=1.5

 

[scotttswan]

It's an easy way for them to get money out of the country if they have an overseas bank account. No need to hold the bitcoins for more than a few hours if they don't want to.

Not really, lots of banks closing accounts all over the place when linked with known bitcoin clearing houses.