Oldcoin
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Bump.
Canadian buyers, this week only, will receive a free D-Link 4-port switch with the purchase of two rigs.
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@JeffK
You only make yourself sound like a christian fundamentalist.
I'd rather have bitcoin associated with christian fundamentalists, than have it mentioned in the same breath with a region that is well-known to be a tourist destination for pedophiles and others who pay strangers for sexual favors. What Bruce Wagner does in his spare time is his business, lets keep it that way. There are 1 billion Muslims in the world and 2 billion Christians. That's 50% of the earth's population. Alienating those groups in bitcoin PR, is exceedingly foolish, if the goal is to spread bitcoin to as many people as possible. Unless the goal is to limit bitcoin to a fringe curiosity. |
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Infowars article on Liberty Dollars: http://www.infowars.com/feds-may-seize-liberty-dollars/“Attempts to undermine the legitimate currency of this country are simply a unique form of domestic terrorism,” said U.S. Attorney Tompkins. “While these forms of anti-government activities do not involve violence, they are every bit as insidious and represent a clear and present danger to the economic stability of this country,” she added. “We are determined to meet these threats through infiltration, disruption, and dismantling of organizations which seek to challenge the legitimacy of our democratic form of government.” |
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bump  |
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“This is classic,” Gartman wrote. “It reminded us of the times past when the valuation of Japan’s Imperial Palace surpassed the valuation of all of California.”
Context? “We’ll hold a core position in gold and we remain long term bullish of gold.” |
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The United States has NEVER minted pennies but people still call them that.
Not the US, but remember there was a time before the US.  The word Dollar comes from the Thaler, and the word Penny from the Pfennig. Check this out: The Thaler (or Taler or Talir) was a silver coin used throughout Europe for almost four hundred years. Thal is German for "valley". A "thaler" is a person or a thing "from the valley". California (ie Silicon Valley) has the largest GDP of any state. The biggest source of US GDP is "from the valley". |
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Yes, and don't worry about the stock market freefalling: Its a good time to buy.  The pattern is clear. |
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This is great!  I was thinking of buying......but where's the bottom? |
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i'm really saying none of that shit matters. and since when has Chavez been a good market timer?  For Chavez, it isn't even a purchase or sale - it's a transfer from one custodian to another because the current one is suspected of mismanagement. This would be the same as moving your retirement fund from Bank of America to TD because you suspect an imminent failure of the former. Such a vote of no-confidence could easily trigger additional moves from other large holders. And that's just the psychological impact. What if they can't fill his transfer request? You know Chavez isn't the only guy who wants to hold his gold in these chaotic markets. I agree with everything you just said, miscreanity. That doesn't happen to me very often. |
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What are you saying, they have his 200 ton ready to ship?
sure, why not? i'm really saying none of that shit matters. and since when has Chavez been a good market timer? One of the largest transfers of physical gold in recent history doesn't matter? How can it not? 200 tons of gold is not a trivial matter. If its just a smokescreen, sure then I could agree. But there's no proof of that. If I were Chavez, I would be making the same demands, and I'd let everyone know it too. |
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What are you saying, they have his 200 ton ready to ship?
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Chavez wants his gold. The price needs to be driven down before buying up physical, to avoid sending price over $2000. |
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My mistake. BTW what is the price of SPAM doing? Maybe it DID outperform gold.  I can't find any charts. *EDIT Yeah, it did. Balchem Corp stock price:  |
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Gold could "correct" in the short term....
I hope so! I've been waiting for a downturn so I can buy. |
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Investors should thus be wary of getting the gold bug and being stuck with this barbarous relic.
As an insurance policy against the tail risk of eventual inflation, it may be useful to hold a small amount of gold in one’s portfolio, but stocking up portfolios with a fiat currency that has marginal practical use, a zero nominal interest rate, high storage costs, and the price of which is subject to volatile whims and bubbles is totally irrational. If you want to hedge against inflation, stock up on Spam or other canned food or buy futures on commodities that have more physical uses and consumer demand.
Yup, its totally irrational that gold investors have grown their initial investment by 190% since 2009. Total crazy, they should have invested in tons of spam instead. |
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Peter Schiff was right in the end. Just took longer than he predicted.
He's going to be right again, regardless of what happens in the next 3-6 months.
Silver $100+, gold $3000+ within 2 years.
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Was the US running out of gold because of overspending or mismanagement?
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