yeah, he's been really great since 2007 |
|
|
|
"Because anyone with large supplies has to store it at centralized locations, true supply can never be known or verified and therefore is subject to govt manipulation via gold derivatives or GLD. This is a problem gold bugs won't acknowledge. "
I think the problem of manipulation is acknowledged by gold bugs - take a look at any ZH comments thread - but the mainstream analysts (true of any market and not just gold) mainly ignore or deny it because their funding comes from analyzing the market trends and fundamentals, which in this day and age is pure BS. Once the various funds and other investment vehicles roll out in force in the bitcoin sphere, BTC may also suffer from the same fate and I'm sure there is some tweaking going on even now, especially in terms of FUD spread by various vested interests. But for now, BTC still feels like the closest thing we have to a market price primarily set by supply and demand.
yeah, I probably should have said that the gold bugs know it and complain about it all the time but fail to realize that Bitcoin is gold's Black Swan in that it performs all the functions of gold and more. This whole dynamic interplay btwn the 2 is so fundamental and important to Bitcoins future success which is why I posted this thread in the first place, not to troll like I presented to tvbcof. Ah, maybe for a little trolling. |
|
|
|
I would like to know how much gold is in private hands, for different countries. Is this known and published somewhere?
"Published" and "known" are slippery concepts when applied to gold holdings. No-one wants to tell the whole truth, and for good reasons (well, self interested reasons, namely to make any true spot price very difficult to determine) Ha Carlton, I bet you still got some gold bars back at uncle Phil's house up in the attic or somewhere!  But yeah, it'd be interesting to know how the gold is distributed among the different status-groups of investors/companies/crime/states/etc... I guess we will never know. isn't that the entire problem? Nah, I think money can work even if the amount is not known. Same with bitcoins. We will never know how much is saved for the long time (decennia) or how many are lost. As long as the money are sound. But one money will be more sound than all others, and that is Bitcoin. If anything its supply will only go down whereas with gold you have at least 2% inflation from mining. Plus all the tungsten related counterfeits. I agree. Bitcoin is the soundest. But gold is also sound, the reason is that the supply is not controlled by governments. depends on how you look at it. Because anyone with large supplies has to store it at centralized locations, true supply can never be known or verified and therefore is subject to govt manipulation via gold derivatives or GLD. This is a problem gold bugs won't acknowledge. |
|
|
|
I would like to know how much gold is in private hands, for different countries. Is this known and published somewhere?
"Published" and "known" are slippery concepts when applied to gold holdings. No-one wants to tell the whole truth, and for good reasons (well, self interested reasons, namely to make any true spot price very difficult to determine) Ha Carlton, I bet you still got some gold bars back at uncle Phil's house up in the attic or somewhere! But yeah, it'd be interesting to know how the gold is distributed among the different status-groups of investors/companies/crime/states/etc... I guess we will never know. isn't that the entire problem? Nah, I think money can work even if the amount is not known. Same with bitcoins. We will never know how much is saved for the long time (decennia) or how many are lost. As long as the money are sound. But one money will be more sound than all others, and that is Bitcoin. If anything its supply will only go down whereas with gold you have at least 2% inflation from mining. Plus all the tungsten related counterfeits. |
|
|
|
I would like to know how much gold is in private hands, for different countries. Is this known and published somewhere?
"Published" and "known" are slippery concepts when applied to gold holdings. No-one wants to tell the whole truth, and for good reasons (well, self interested reasons, namely to make any true spot price very difficult to determine) Ha Carlton, I bet you still got some gold bars back at uncle Phil's house up in the attic or somewhere! But yeah, it'd be interesting to know how the gold is distributed among the different status-groups of investors/companies/crime/states/etc... I guess we will never know. isn't that the entire problem? |
|
|
|
From http://www.telegraph.co.uk/finance/comment/liamhalligan/10978178/The-dollars-70-year-dominance-is-coming-to-an-end.htmlWithin a decade or so, a “reserve currency basket” may emerge, with central banks storing wealth in a mix of dollars, yuan, rupee, reals and roubles, as well as precious metals. Perhaps some kind of synthetic bundle of the world’s leading currencies will be developed, with emphasis placed, after years of western money-printing, on assets backed by commodities and other tangibles.
I also believe central banks may include cyber-currencies (such as bitcoin) in their reserves. If you think that’s mad, consider that mankind has long sought scarcity – be it with shells, stones or metallic elements – to store wealth. Now the money-printing taboo has been broken by yet another generation, it makes sense to use complex computer algorithms to ensure that only a certain amount of a particular currency unit can ever exist.great find |
|
|
|
Careful guys, we now live in a country where selling "untaxed cigarettes" can get you killed. You just now noticed? Every law describes a situation that can get you killed, because the ultimate penalty for violating any law, no matter how trivial, is always death. well, tbh, I've never seen a police officer murder an innocent citizen in broad daylight by jumping him from behind and choking him to death with 6 other officers all on film. |
|
|
|
|
Going thru reddit thread now. Looks like he was misquoted. But he still entertained idea of raising 21m hard limit.
|
|
|
|
it's a long talk. Do you hv a time where he says these things? See my post last week here where I was criticizing him a bit. He thinks like Andreas that the blockchain is everything. |
|
|
|
2 B777 of the same company destroyed for external reasons in a few months is a VERY strange coincidence
There are thousands of facts everyday. By pure chance, some will seem to align in a pattern the same way you will from time to time get the same number 5 times in a row when rolling a die. if you believe the audio intercepts I posted above, it sounds like an accident. |
|
|
|
|
Show Posts
