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“Bit”-Gold

Posted by frr @ 15:18 on May 23, 2015  

Personally I’ve been very much reserved against Bitcoin.

Now there’s Bitgold having had a great IPO and advancing
from 0,90 $ (I guess) to over 8,00 in a week. Well, seems
like a great Story; Meantime has merged with Gold Money and
is also closely linked and co-financed by Sprott.

I’ve been following my friends James T. and some personal
acquaintances at Eric Sprott’s firm for quite long and
unfortunately fail to understand this move. If you want to
be outside of the fraudulent Banking System hold real hard
and monetary assets – Gold Money, also seemed a way to go
private – and now here we go back to some cyber space,
promising total property rights, based on a similar threat
as a cashless Society.

What am I missing?

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Post by the Golden Rule. Oasis not responsible for content/accuracy of posts. DYODD.