03 Apr '13, 1pm

Is Silver a good hedge for a Bitcoin position? (Max Keiser's Op-Edge) @maxkeiser

Is Silver a good hedge for a Bitcoin position? (Max Keiser's Op-Edge) @maxkeiser

Many bitcoin'ers are now sitting on massive gains. But because it is such a fresh concept and a brand new take on both currency and economics, finding a suitable hedge for Bitcoin is a topic completely undiscussed until now. I think silver provides a great place for some Bitcoin profits to go to give investors (and miners) a way to preserve wealth without reinvesting proceeds right back into the corrupt banking system. Remember, BTC was created, in part, as a reaction to the incredible wave of corruption and fraud we've see committed by central banks and 'banksters' on Wall St. and in the City of London. So recycling gains back into the system whose corruption spawned the need for Bitcoin in the fist place is counterproductive.

Full article: http://rt.com/op-edge/silver-hedge-bitcoin-position-274/

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