A2A with Stephen Macaskill, CEO of Amagi Metals

32

Online precious metals dealer, Amagi Metals, is also one of the largest Bitcoin retailers in the world. Earlier today, CEO Stephen Macaskill joined us for an insightful discussion of gold, silver, sound money and crypto-currency.

Again, what makes Amagi Metals unique is that they accept Bitcoin as payment for your physical precious metal purchases. Anyone preparing for the end of The Great Keynesian Experiment and is saving/insuring with both gold and bitcoin, should be sure to check out their services. You can find more information here:

https://www.amagimetals.com/

TF

  32 Comments

47 Protons
Jan 30, 2014 - 2:21pm

furst

furst!!!

Now, onto the Bitcoin fun!!

Peoples Front of Judea
Jan 30, 2014 - 2:32pm

2nd

now the podcast

Owtovit
Jan 30, 2014 - 2:35pm

Turd

Gotta say it!

Hellfish
Jan 30, 2014 - 2:36pm

Three morons.

Three morons.

Owtovit Peoples Front of Judea
Jan 30, 2014 - 2:40pm

@ PFOJ

Or should that be JPF....

You Python u......

luvit!

47 Protons
Jan 30, 2014 - 2:56pm

Other Crypto Currencies

Here's the bandwagon of crypto currencies... https://coinmarketcap.com/

They will probably add "Litecoin"... I doubt it will be the crypto equivelent of a troll which is called "Goldcoin".

-e

ps. Sorry for not dragging my ass out of bed in time to contribute to this A2A! my bad!!

Keg
Jan 30, 2014 - 4:40pm

Turd

Yes I do like beer. Even brew a lot of my own. But the name came from my college days. I had a van (complete with shag carpet and wood paneling), picked up and hauled the beer to our fraternity house. No small job with the quantity we went through, 50-60 kegs a year.

SS121
Jan 30, 2014 - 5:17pm

good listen...

i didn't get up in time to contribute either, but enjoyed the posted A2A.

As before, from this monetary perspective these cryptocurrencies appear to be shaping up as the World Fiat Currency System's "last hurrah" prior to Silver and Gold returning to their monetary role (as they have done hundreds and hundreds of times over the past several thousand years).

A thought toward the discussion of gold backed cryptocurrencies, or even gold backed fiat currencies within the existing system-

The systemic components of what we have today will go away before the fiat currencies go away.

Meaning, fractional reserve banking, central markets controlling prices etc. will go away, but the masses will still be using Dollars or Yuan to buy cheeseburgers and such, just as they do now.

But the death of the systemic parts will lead to a situation where fiat currencies are essentially backed by Silver and Gold in that they are 'exchangeable' in what will be the real market. Real market being one person exchanging currency to another person for silver and gold. (it will be for 100s/1000s of today's systemic controlled prices.) just a thought.

But anyway, Bitcoin et al. are part of what is happening and where we are in this Monetary Cycle, so it was good to hear Stephen's perspective as a dealer who is currently operating in that arena.

There are so many Macro system conflicts getting ready to resolve themselves. For example- Bitcoin is a play against the system... but the system controls the silver/gold price with it's charts/markets..

...so how will Bitcoin replace the old "legacy" system without either A- killing the charts which unleashes silver and gold and thereby kills Bitcoin, and the system, or B- reveals itself to actually be part of the system, leading to a quick implosion and an acceleration of the overall fiat system toward it's natural death??

Bitcoin/cryptos, and the 'system'. All will be revealed shortly. Either way, a cancerous tumor can never kill it's host organism and then live on in it's place... -and- Only Silver and Gold are Money, and they ALWAYS return to their monetary role.

Again, enjoyed the very very timely A2A, thanks again to Stephen and TF.

KS !

GoOto123
Jan 30, 2014 - 5:22pm

Crypto

I still have a problem with crypto currencies not being tangible. When the paper money goes worthless, at least you have paper left over to wipe your bottom.

I do have an issue stating that a crypto currency has a finite number. Yes, there might be a finite number, but that number can be divided infinitely!

ggnewmex
Jan 30, 2014 - 5:25pm

Just to get it off my chest

MyRA---

"ummm, excuse me, Mr President. Let's say I contribute 100k over my working career, and then I die before I can take

it out. Does my family get the money back, or do you keep it?"

Mr President responds, " You ask too many questions, if you keep this up, you will be arrested and tried for treason, and then you will get nothing back! Now shut up!!"

WOW, how far we have fallen

gg

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