Quote Originally Posted by sirgonzo420 View Post
Exactly.

I am not buying bitcoins at this price, but I can surely trade bitcoins obtained at a much lower price for very real, tangible silver and gold. Here is one such place to do such a thing: http://bitcoincommodities.com/

Bitcoin, since it's inception just a few years ago, has seen more than a 6,799,900% rise in FRN-value. That rise in value can be applied to all manner of physical things, including gold and silver.


EDIT: Current BTC price: $71

EDIT one hour later: Current BTC price: $74
This rally is going towards its logical conclusion, the price has doubled in about 2 weeks from $37, prior doubling took 6-7 weeks, from $19, next one to $148, would happen in 3-5 days, unless the spell is broken...

Remember, it is different this time, and normal rules of monetary system values don't apply to bitcoins, the fact is that all the other currencies are currently in hyperinflation vs bitcoins...