People are selling Gold because of the huge manipulations taking place in the US and the LME. So what can you buy to protect yourself? Well Coins like Bitcoins are also manipulated but since the market is smaller it is much harder.. Also you can buy it and print it out and store it under a mattress.. Or you can send a pic of it to your family in an emergency and they can cash it in.. BTC is not the only one but it is by far the largest.. There is LTC and ETH and even XRP… All can be used to send money to others.. But some charge more than others..
For example I recieved $25 via paypal.. They took $1.50 out of it as commision.. Then they converted it to INR at rs70.. Same with many others.. So I used XRP to send money, like $80 and got like 245 XRP for it.. Total commision was like 1 xrp or under 50 cents and I can convert the US$ or what ever at the best exchange rates.. For much larger transactions its similar.. Banks charge you $25 to $50 to send you money… Use coins to send it for like $1 or less.. LTC is great that way..
I was begging people to buy BTC just 2 months ago when it was at around $10500.. Not many takers as they expected it to go to $9000.. Well today its at over $23000… Thats not only because people are pulling money out of like Gold and buying BTC.. Its also because the US is in dire straits.. Where as before you paid for your ganja in the middle of africa with US$, they only accept BTC or LTC etc now.. More and more are linking their credit/debt cards to coins so your coins and pays for them in the local currency..
Let me know what you think.. And thanks to the one who posted the CRED rs100 offer for BTC at coinswitch or something..