would be nice if web-services replace their front page with a static page showing such a maintenance-notice
most certainly |
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How is the 24h volume determined? Which exchanges are queried for this?
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Where can I see the value of bitcoin?
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SELL all your coins! QUICK!!!
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Bitcoin is an experiment.
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just double your hardware 20 times in a row and you'll mine a block every other day
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As long as it has the ".com" ending it will be making tons of profit. "coin" I mean, coin.
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Of 100% into crypto I doubt putting more than 10% into any single alt is smart. All alts are highly speculative. We may never use Litecoin. However, if we do, there is also more room for profit. So highly risky highly profitably -> put a small fraction into each.
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Doesn't the bottom x% of the world have negative wealth  Maybe even bottom 50% together. Surely depends on the measure of wealth. |
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I just read another German article on the gold import in a magazine (Capital January issue, http://www.capital.de/). They say the German gold in the Fed's reserves originates from the Bretton Woods System. Germany had an export plus and thus built up a gold reserve with their excess currency. This gold has been kept at the Fed ever since, main two reasons being easier accessibility (if Germany needed some foreign currency) and father away from Russia (cold war). Currently 31% of 3391 tons of German gold are in Frankfurt (1051t). It's supposed to go up to 50% by 2020, an increase by only 644 tons. Of those 644, 300 are coming from NY, and the rest from Paris. This takes the wind out of the sails of a few arguments made in the above articles. Namely "why gold from Paris? --> US broke" is wrong, as there is simply gold pulled from both places. Also "Fed can't pay quickly --> US broke" is wrong, as this move is unexpected / unprecedented, no one considered that gold one which must be ready for shipping in decades, and the process of delivery taking some time is completely understandable. |
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I've counted approximately how much gold there is in the video. The left of the room contains 3 rows of 15 pallets of 6 levels of 4 layers of 20 bars each. The middle of the room has 10 such pallets and a newly started one. The right of the room is never fully visible, so I estimated it to 8 full pallets. That gives 30240 bars. Each bar is 13.4kg, so we are looking at 405 metric tons. In the vid it was also stated that each level holds 1t, which means the average bar weighs only 1000kg/80 = 12.5 kg instead of the 13.4kg I used, but I think they just rounded the level. It also states there are multiple rooms, that the UK officially holds ~300 tons, and that they hold gold from other nations. Anyhow, if those bars are real, there is about 400 tons of gold in this one room, which seems to be in agreement with stats. |
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From what I've read in German media, the German gold in NY was bought there locally in the post war era, and it has never been in Germany. Same for the gold in Paris. The Germans wanted to store their gold as far west as possible during the cold war era, and since then it hasn't been moved inward. The gold moving from Paris has not been part of the US payment, it's separate. And the gold from the US faces some logistical challenges like insuring the transfers, validating the quality of the gold, etc. Now that's what I've read, could be cited incorrectly or wrong information in the first place. But this certainly does explain the situation without the need for the US being gold-broke. Bank of England gold vault video (December 2012): http://www.youtube.com/watch?v=CTtf5s2HFkA |
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Think again, there is almost no free bank account in the EU. It's only free if you have money on it, which means they take interest from you, which is the fee you pay.
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Thanks for the thread, I am wondering the same. Just a while ago I stumbled across some well presented material of why the gold price must inevitably explode, only to find out the presenter runs an online gold shop.. So I don't know what to believe. Thanks for sharing. It contains this piece: The Royal Bank of India reports that the ratio of paper claims to gold exceed the amount of gold available for delivery by 93:1. which I haven't been able to verify. Anyone? |
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This was very motivational, very nice. Thanks for sharing OP.
My only advice would be to not use derogatory terms for describing the FED, WU etc. Objectively explaining improvements over the established system is enough. Sure you can throw a joke at them but don't call them crooks, imo.
Also, your point on BTC being used to buy a joint, you said something like it's only the last thing in the production and distribution chain, implying that law enforcement is doing something wrong. BTC is used for something illegal and thus should thus be persecuted, just as any other part of the chain. Sure we are making progress on the decriminalisation of cannabis, but your point is not very good.
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And they could just use a mixer.
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