To both of you, gold is actually abundant in nature. There are from 8 to 20 million tons of gold dissolved in the ocean waters. But given its concentration (somewhere between 0.1 and 2.0 mg per ton, depending on location), it is uneconomical to extract it using any current technology...
So then after better technology comes out, your gold will be diluted? And i`m not saying this ocean-water extraction would work. But the proton bombardment of mercury could be a much easier way to synthetize gold, after we would create a massive solar power powered particle accelerator. I think your gold will be so diluted in the next 20-30 years that It would not be the same as it was thousands of years before. There is a story about diamonds. You are strongly advised to get acquainted with it What about quantum computers and bitcoin then? They exist now in a crude form and we all know how fast technology moves. All encryption will be rendered useless killing bitcoin instantly. Synthesizing gold is never going to happen on any meaningful scale in the foreseeable future and as for using particle accelerators to create large amounts of gold - then why arent CERN doing it thus becoming a self funding super rich organisation. |
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Defo a no. you cannot escrow your own trades otherwise it is not escrow. Can you imagine localbitcoins where the buyer gets to decide when to hit the release coins button  There seems to be a lot of worming around the key issues by a certain individual who has recently been caught out. Key points : 1) Escrow must be an impartial third party. 2) If 1 person in the trade uses an alt to fake Escrow then it is dishonest and a scam even if nothing was stolen. 3) Getting additional payments by faking an escrow service is theft. You are deceiving an individual into paying for a service they have not received (this point still counts even if you spurt bullshit about the overall price you received for the goods would still be the same etc. ) |
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If the other party is comfortable sending first in a direct trade (as would be indicated by the other party trusting me with escrow), then there is no difference in having them trust me as escrow. The other party accepting me as escrow means they trust me more then if they were to do a direct trade.
Of course the other party is going to be comfortable and trusting. You have been outright lying to them, telling them whatever they want to hear. The key to being a good escrow is honesty and openness. You should not be doing any escrow, period. Please point out the lie. Do you have an escrow agreement that says explicitly that I am not either the buyer nor the seller? Thats a pretty poor argument. I think when most people request the use of Escrow they expect an independent and trusted 3rd party. When someone requests the use of escrow, they are wanting to use someone who they trust is not going to scam them. But you dont use the the person you are trading with to act as the Escrow for that transaction otherwise it renders the purpose of Escrow useless. |
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If the other party is comfortable sending first in a direct trade (as would be indicated by the other party trusting me with escrow), then there is no difference in having them trust me as escrow. The other party accepting me as escrow means they trust me more then if they were to do a direct trade.
Of course the other party is going to be comfortable and trusting. You have been outright lying to them, telling them whatever they want to hear. The key to being a good escrow is honesty and openness. You should not be doing any escrow, period. Please point out the lie. Do you have an escrow agreement that says explicitly that I am not either the buyer nor the seller? Thats a pretty poor argument. I think when most people request the use of Escrow they expect an independent and trusted 3rd party. I would log out and take a time out to have a proper think about the situation, at the moment your responses are just digging you in a deeper hole. |
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Gold has outperformed stocks for the last 40 years so well worth having some stashed away -  |
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If you decide to knock some up in 999 silver I would take one  |
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But at the moment demand is overwhelming supply (real physical metal not paper promises backed by nothing) |
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a good beginners box, EPG not as advanced as some boxes but does the job and great for the bedroom.
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You do have the option of having gold futures settled in metal and delivered although at this point in time many opt to settle in cash.
However there is a clause in the contract where you can be forced to settle in cash (because most of the gold does not exist), when we get to the point where the dollar is failing and people wish to take physical delivery of the metal this is where 125:1 leverage will get messy because 124 people will just get a wad of worthless paper if they want it or not.
Paper gold is nothing but a legalised ponzi where you get a paper claim backed by nothing and should be outlawed.
So you are saying that printed ponzi fraud gold certificate doesnt have enough gold backing it (3-4% maybe) and when people do a run on the banks claiming real gold for their ponzi cerficates: The bank will give them another printed ponzi fraud IOU called fiat money in exchange for their ponzi fraud gold cerficate? Hahaha this is just a twilight zone bullshit, I cant believe people are so idiots to fall for it. |
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You do have the option of having gold futures settled in metal and delivered although at this point in time many opt to settle in cash.
However there is a clause in the contract where you can be forced to settle in cash (because most of the gold does not exist), when we get to the point where the dollar is failing and people wish to take physical delivery of the metal this is where 125:1 leverage will get messy because 124 people will just get a wad of worthless paper if they want it or not.
Paper gold is nothing but a legalised ponzi where you get a paper claim backed by nothing and should be outlawed.
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Only a matter of time until we see a disconnect between "paper gold" prices and real physical gold prices. I think a lot of people are going to be in for a shock when they realise they paper gold claim has been leveraged 125:1  I've heard such stories from gold bugs for more than 10 years already. This won't happen It is already starting to happen on a small scale as premiums are increasing to offset drops in spot price - http://www.zerohedge.com/news/2015-08-29/despite-being-pet-rock-premium-physical-bullion-explodingWe are all very small cogs in the big machine and have no influence on how it all plays out. All we can do is try our best to cover our asses for when it does all go tits up. Diversification be that gold, silver, bitcoin, land etc. will help and not keeping all your wealth as cash in the bank waiting for a "bail in" as Cyprus and soon Greece has shown. |
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Except now we face the demise of the USD so where do they run for safety now?
I would argue about gold been liquid, I think you have to be very rich man to struggle to sell your entire worth in gold in one go.
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The price of gold can't be suppressed for too long. It is estimated that only some 60,000 tonnes of extractable gold remains to be mined out, and at the same time, the demand is increasing very sharply year on year. The current rate of extraction (3,300 tonnes per year) is definitely not sustainable, and in 10 years or so, there will not be enough supplies to cover the demand.
As I've shown lately, the gold market cap is minuscule compared to the derivatives market, so does it make any sense for CBs to suppress gold prices? In which way is that beneficial to them, if at all? I see no reason in doing this Why would banks bother to manipulate gold prices because the derivatives market is much bigger? The gold market is worth $20 trillion - there is a hell of a lot of money to be made! Banks have already been found guilty of fixing LIBOR rates etc. so why would they stop there? The price of gold could be suppressed to prevent a flight to safety from stocks/shares etc during the current economic climate. If people are led to believe the price of gold is on a downward trend they are less likely to pull their cash from more risky investments. The house of cards will fall sooner rather than later and the price of gold will go "to the moon" overnight. I think it has also been proved beyond reasonable doubt that the price of gold is suppressed through paper games, the price smack down when gold price starts to take off through the dumping of millions of dollars worth of paper gold is becoming laughable. http://www.bloomberg.com/news/videos/b/a3e3b49d-6d0d-4bfb-b12c-9cd68d597bb2Only a matter of time until we see a disconnect between "paper gold" prices and real physical gold prices. I think a lot of people are going to be in for a shock when they realise they paper gold claim has been leveraged 125:1 |
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psshhh gold is for noobs. i would go with bitcoin.
even though gold is pretty much guaranteed to go up,it'll be a slow increase in investment. i expect bitcoin to skyrocket in the next years.
Bitcoin is a gamble not an investment. The moon or bust |
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The graphic is not a good indicator because most of the Gold transactions are Futures. The Gold transaction value is 1000 times higher every day compared to the real existing gold.
That may be the case but we are talking about the amount of cash in the system not the amount of gold in the system. I only hold physical gold, the bank can keep their 125:1 leveraged paper gold. |
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If you cant get what you want then 1 or 2 things are wrong. A) You need to offer more money. B) Paypal is not well thought of here, on Bitcointalk people want Bitcoin otherwise it would be called Paypaltalk  |
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More bitcoin is traded in a day than gold despite the widespread knowledge of Gold.
That is not factually correct. Some 20 tonnes of gold is being traded on an average day, and it is worth around $700 million. On the other hand, the daily Bitcoin transaction is measured at around BTC200,000, which is worth some $45 million. This means that worth of gold being traded every day is more than 15 times that of Bitcoin. in that case, I might be wrong because I did not know Gold is traded so much, but I did hear about crude oil being the world's biggest market and the costliest one, with one of the most priciest deals taking place every day. That is the very reason why dollar excels as a currency because of its involvement in buying petroleum, making it a petrodollar. correct? A pictures paints a thousand words.  The petrodollar is now on its last legs and about die. |
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Dopey's only "flaw" some tarnishing that will clean off with a little silver polish, or even soap and hot water
I wouldnt recommend this with a proof finish coin. In coin world a cleaned coin = coin now worth 50% of what it was before you started. |
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Money will start to flow in to gold.
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I would pick the Bitcoin. What can I do with gold ? Nothing Wonder what that ring is made from in your profile pic, is it gold or magical physical bitcoin No, that ring is a work of art. Purely it is pixels altogether forming an image of ring. So in it there is no gold and bitcoins used. The image is made to represent gold though smartass |
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