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<p>[QUOTE=&quot;claygump, post: 1353798, member: 29689&quot;][ATTACH]157266.vB[/ATTACH]So I&#039;m curious what you bullion junkies think about Bitcoin. For those of you who don&#039;t know about Bitcoin I&#039;d suggest reading through <a href="http://www.wired.com/threatlevel/2011/12/bitcoins-comeback/" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://www.wired.com/threatlevel/2011/12/bitcoins-comeback/" rel="nofollow">this</a> article from Wired Magazine. </p><p><br /></p><p>In a nutshell Bitcoin is a digital currency that has no central authority and is based on cryptography to insure a steady (but limited) supply and the confirmation of valid transfers of bitcoins among users. </p><p><br /></p><p>Is this something that has run its course and will be doomed to obscurity? Or is it possible that Bitcoin could become a &quot;Meta-Currency&quot; used mainly for overseas transfers. </p><p><br /></p><p>Speculation did drive up the price of a bitcoin upwards of $29 but a hacking scandal has brought the price back down. It is currently around $6 per bitcoin. </p><p><br /></p><p>There ways whereby you can purchase bitcoins and store them in a permanent &quot;<a href="https://www.casascius.com/" target="_blank" class="externalLink ProxyLink" data-proxy-href="https://www.casascius.com/" rel="nofollow">coin</a>&quot; or &quot;card&quot; and lock them up for future use similar to stacking bullion. See <a href="https://www.casascius.com/" target="_blank" class="externalLink ProxyLink" data-proxy-href="https://www.casascius.com/" rel="nofollow">THIS</a> link. </p><p>[ATTACH]157269.vB[/ATTACH]</p><p><br /></p><p>Anyway just curious what you guys think.[/QUOTE]</p><p><br /></p>

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