... World trade is going off the cliff. The Baltic Dry Index, a measure of marine freight shipping rates for bulk commodities (iron ore, grains, cement, urea fertilizer, etc.) on major shipping routes (Australia to China for example) is at an ALL TIME LOW:  "Less than containerload" shipping rates are falling too (we buy automotive spare parts from Asia). The commodity countries are cratering (Brazil, Russia, and now even Peru). Prudent people might want to be preparing....... |
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Would receiving mining payments sent to the trezor or ledger wallet be good or bad?
Receiving payments, especially regular payments, directly to a hardware wallet is better than to an online wallet IMO. Depending on what you have in mind (privacy?), you could have the BTC sent to a different wallet each time (burdensome)... OR You could just arrange to quickly send your payments (after receipt) off to a mixing service and then on to your hardware wallet. (I do not get mining payments, but I do get Sig Campaign payments, and the latter above is what I do) |
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OROBTC we already discussed in the past that your holdings of gold are a single-digit % of your net worth and are held for diversification against abnormal outcomes and not for gains. My writings about price is for those speculating on price because they are investing for gains. Note though I do think gold will be entirely banned. I don't know how long it will take for the NWO to reach this level of control. Might not be within your and my lifetimes given we are 50+. However, the digital control over the world is accelerating. The Corporate Fascism controls every nook and cranny. (this is presuming that decentralization technologies can't take back the upper hand) Since you are a Bible believer, I assume you are aware that it says everyone will throw their gold & silver into the street. And no merchant will be able to conduct commerce. That is the digital control system at the end game of totalitarian collapse. I am not sure if we will get there any time soon. No one knows for sure. What a shame to leave a worthless relic to your children when you die. I'd take profits at $5000 and leave them some land or something they can use. Then again, you've stated you are already diversified in real estate. So I understand your logic. It is I guess good to have some gold coins as a "get out of Dodge" insurance policy. And that is what MA advocates as well. His gold price models are for those who are paper trading gold, not for those buying coins which he has said he gives as gifts for the kids in the family.  If/when the NWO Fascists reach the levels you posit (what an awful map of the USA and of our lifestyles in such a regime), our problems will be far graver than lil ol moi (or our kid / grandkid(s)) toting around 30 - 50 oz of gold... I will take my chances owning some gold, as I am still convinced that NO ONE can predict (much of) the future with reliability, and IMO in the short, medium and longer terms. Nonetheless, should Armstrong's call of sub-$850 gold soon and then $5000 gold later actually come true, then I will re-evaluate my opinion re Armstrong being an unproven forecaster...  * * * Re the Bible, while I am no scholar, it is important to understand that the Bible is extremely symbolic. It was written with a mostly ancient Jewish (and to a lesser degree ancient Greek as well as the rest of us) audience in mind. For example, the passage where Jesus says that " it is easier for a camel to pass through the eye of a needle than a rich man to get into Heaven" is an analogy... Cities in the Middle East at that time typically had walls. They usually closed the entrance gates int the cities at night. The only way people (cargo on camels) could enter at night would be for the camel owners (Saudis?) to UNLOAD their camels, and make them squeeze through the smallish door in the gate. So, it was that a rich man had to do (think, love, forgive) what he needed to do to gain entrance... Not that he had to give away his stuff. In other words, building "treasures in Heaven" is beyond question more important than earthly wealth, but there appears to be no conflict between God and wealth, per se.^^^ I did not invent the above interpretation, which is likely not mainstream. I can provide you a reference if you want (Emmet Fox). I also note your interesting interpretation / semi-prophecy: that no merchant will be able to conduct business in a digital-currency-only era. An interpretation of the mark of the beast. Very interesting! Thanks for that little nugget to ponder. |
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Gold is shiny. Gold is beautiful. Gold is heavy. Gold endures.
People want gold, and have for 5000 + years. The world history proven store of value for millennia.
People with IQs under 100 (roughly half the population) can deal more easily with gold than with Bitcoin.
Gold and Bitcoin have different attributes. They play in somewhat different spaces. Their "price vectors" go in different directions.
Own both!
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^^ The point there is people dont believe gold is freely exchangeable. Of course it is but only really in quantity. A bank trading bar is like a kilo and a heck of a lot of money. The money we are talking about as the common people right here on this forum are really thinking wow a few hundred is alot of money to me right now and I want a good trade price and low fees. Bitcoin can do that because 300 hundred is still alot in bitcoin terms but in gold its the bare minimum not to get laughed out the jewelers pretty much. If you go to a pawn shop and for smaller amounts then that, they will basically politely rip you off with fees and/or a bad trading price for the spot fix on gold, bitcoin is small more competitive and more applicable to the small dealers we all are here.
Apologies to Mr Big the millionaire playboy who randomly reads this thread but somehow gold is more suited to him and most of us here will likely complain about gold and its difficulties. Iam pro gold generally but not in a persons pocket, generally government or some reliable authority should make it divisible and transportable by proxy such as the perfectly working system prior to 1913 Fed day 1
Transactions costs do matter, I cannot argue that. With tiny amounts of gold, yes, you will not get much going to a pawn shop (jeweler or similar). That would be in the nature of barter using a commodity that most people are not familiar enough with. I would argue, though, that a 1/10th oz Gold Eagle CAN get you a reasonable amount of money vs. gold price. I would *guess* that a 1/10th oz Eagle would get the seller some $90 - $95 or so at a coin shop, less at a jeweler or pawn shop. If somebody owed ME $100, I would gladly take the 0.1 oz... My point is that with some effort (not much) is that there is always someone around who will take your gold. Still not so for BTC. At least yet. * * * Nor can I argue with the fact that BTC is more divisible in smaller amounts of money. Bitcoin wins there. Melting and/or cutting gold into smaller units is expensive -- though I have seen a 1 oz gold bar cut by melting off some when a jeweler's courier was at a coin shop needing to buy 10 grams. |
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Mmm, hmm. Yes, even though I look rather favorably on Armstrong's ideas (even where I disagree, at least somewhat [gold])
I guess you saw this (~March low for gold < $850 still on tap) and I am expecting a possible collapse in crypto currency then too (but not certain that the gold model applies also to crypto assets yet I think it does since it is essentially the same market for alternative private assets and the first to be sold in a liquidity contagion coming apparently in March): Naturally, the gold promoters are out in force. The problem with their theories has always been that they are dead wrong. The REAL BULL MARKET will see the metals rise with equities. Right now, they focus on the stock market and yell buy gold because a depression is here. Here wee need to see a weekly closing above the 1143 level to raise any hope of a temporary low. Without that, we have a [potential] turning point in February which can be a high with a low moving into the next Benchmark target. A closing for January below the 1103 level will warn there is inherent weakness still lingering within this market. Next month, watch the 1097 level for that is key support. Break that and its looking into a low into the second benchmark. TPTB Naturally I'll be watching like a hawk (yes, I have seen a couple of his blog posts re gold). But, let's say Armstrong is right about his gold predictions (under $850 soon, later $5000). Would I be hurt when gold goes to $800 or $600? No. It would be good, as future income arrives, I get more for my US$. I am not selling even if Au goes to $100, or even $20... And if it goes to $5000? Will I sell? No. I am not holding gold just to sell it in waves (that I have proven I have no ability to ride). For me, gold is insurance against .gov malfeasance. Protection/insurance. Perhaps a lottery ticket if FOFOA is right (yes, I remember you mentioned that you tangled with him). |
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That's interesting that NH will not take BTC as tax payments. That almost hints that TPTB may NOT be behind the Bitcoin Ecosystem after all (as alleged by conspiracy theorists). One would think that the state (even a mid-level component of The State) would be delighted to encourage use of Bitcoin...
On the other hand, NH takes a little bit of a "right" away, to pay as one would choose...
New Hampshire's state motto is "Live Free or Die".
Hmm.
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... Welcome back, TPTB. Now act nice, ya hear? :p |
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... LethnThat is BIG news. But, we are seeing more of that happening. NIRP as well as the related "War on Ca$H". When it is better for Average Joes to hoard $100 FRNs under the mattress at home (rather than PAYING to keep it at the bank), then we know that more shoes are about to drop... * * * When I went to Japan recently they doubled-checked my luggage and other passengers' on a systematic basis at the customs, to make sure that we weren't carrying any gold (amongst all the other traditional drugs and weapons). It was my first time being controlled for gold by the customs. They even showed us a sign, explicitly showing gold bars on them, asking us if we had any  . Has anyone else recently had the experience when going to Japan? There's something to dig there: they're going in with the hope that people will get their money out from banks in order to actually invest in businesses and not in gold or in bitcoin. It tells you something about how desperate they are about their deflation. That's good news for us anyway. I heard that regular Japanese people liked to save money on their bank account and didn't really buy stocks or assets, but these negative interest rate here are only aimed at rich people, who of course know about these investments. I have not seen anything like that at ANY Customs in my travels. So far. Your story does not surprise me at all. CA$H and gold are two of the best defenses against NIRP. They are also two good defenses against privacy invasion, which likely mean that BOTH will come under considerable scrutiny in the years to come. Alas, it will become harder and harder to move gold internationally, at least in amounts over a few ounces at a time (a theme I explored a bit re at a thread: "How do you get gold onto the plane?"). Gold is so dense that it "lights up" the Xray machines brighter than other metals. This means that about the best one can do re taking (undeclared) gold out (and now INTO another country -- Japan) of America is in very small amounts as gold coins there in your change purse... Negative Interest Rates (NIRP) is an unnatural condition that will not last long. It will likely end very badly. |
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As much as as you can know about them when you sit next to them as well as networking with them during an Armstrong's conference.
Now it's getting more interesting. So you attend his conferences for several thousands, would you let us know then if there was anything new or useful for you? Did you make any use of knowledge you allegedly acquired in terms of profit\loss? Have you met any government or world's largest banks there? I suggest to get out from your troll cave and attend his next conference. You will meet me there (yes, some retail traders like me attend his conference), which will provide you a wonderful opportunity to apologize in person for your personal insults, and most importantly you will meet some of his serious clients there.
You yet again prove that you work for MA by selling me his conferences. Don't you still realize that you are used not just once but twice? But that aside, name me his serious clients (apart from yourself, of course) and who are those clients that are with him for 30 years? In the meantime until you save up your high school lunch money for the conference you need to fuck off from here son. Your personal insults and trolling is not cool. You feel it is important to reiterate your wisdom about Armstrong and to tell us how stupid we are here that we find more or less value in Armstrong's work, which is a sick fuck troll attitude. Open the "I am so smart and have proof that anybody who find value in Armstrong's work is stupid" thread and discuss there why Armstrong is a useless analyst. This is the thread where we are more or less positive about Armstrong's work. You made it clear that in your opinion there is no value in Armstrong's work. Therefore, your work is done here - reiterating your opinion is patronizing in a thread which purpose is to take the positives from Armstrong's work.
The purpose of this thread is as it states in the very first message "views on his ideas" on MA. And I am the one who provides not just views or opinions but facts citing sources and all. I provide relevant content for this thread, so my participation here is relevant and useful. If you disagree, bring facts with sources so everybody could look into them and update their views on MA. Mmm, hmm. Yes, even though I look rather favorably on Armstrong's ideas (even where I disagree, at least somewhat [ gold]), it is discussion of his IDEAS which is what I hoped to get (and still do) that is important. Certainly we all need to see comments positive and negative on Armstrong, whose record, at least for me, is still unproven. Very interesting, but unproven. I don't mind a good & rancorous discussion, in fact I welcome it. Not ad-hominems, but anyone who can argue with some evidence (or contrary ideas, even better if backed-up) is welcome to toss them into this little arena. If Armstrong's ideas (and comments thereof) get to be too much for one thread, yeah, OK, open another thread to poo-poo them... Until then, I will read his blog, and while I will not likely take his blog posts as sufficient to INVEST my money, I read them with interest. I also want to read "the good, the bad and the ugly" re Armstrong. |
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There's one more positive thing about gold. There is a saying I have read:
"There is always someone around who will take your gold." (In payment, not steal it)
If you need to buy or barter for something, even if for very high value, you can find someone who will give you what you need for your gold. At this moment that is not true for Bitcoin. Sure there are people around who will do some trades for your BTC, but not that many, nor in large amounts.
Gold wins on this little point.
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In my opinion, Bitcoin is the ideal "money of people" not the "money of government"... no government can surveil the whole world... it has started pretty small and one by one it is huge now... what our old regime made in seven centuries, Bitcoin did in seven years.
Well, I hope you are right, kanazawa. Unfortunately, I think that the .govs of the world could indeed kill Bitcoin, by banning merchants (anyone) from exchanging their BTC for cash. I have bought gold a few times, paying Bitcoin. In each case, the merchant instantly turns that into CA$H because that's what they need to run THEIR own business (there is a thread around, that O/P asks that we shop at merchants who do NOT exchange their BTC for cash). The governments could just outlaw Bitpay (and similar) for example. Bitpay is who Provident Metals uses to get US$ for their incoming BTC payments. No Bitpay (etc.)? No one would take BTC, at least in my opinion. THAT seems to be the pressure point. Who (merchants in the USA let's say) would take Bitcoin if the larger companies offering excchange of BTC into dollars were to disappear? |
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... One thought that comes to me regularly is the thought of a "Jubilee", now thought of as a renunciation of debts. The idea is seen even in the Old Testament of the Bible. Every 50 or so years, Old Israel would declare all debts null and void. I believe (once again, I am not an expert on many things...) that another idea was to keep the wealth from becoming too concentrated in the hands of a few. I ran into this quotation today: "We the people of these United States, do hereby claim that all federal debts incurred since the inception of the entity know as Federal Reserve are here forth consider Odious Debt and are thereby invalid unto the Citizens of the United States."From: "tyberious": http://www.tfmetalsreport.com/podcast/7409/a2a-rob-kirby?page=2#commentsThe term "Odious Debt" is discussed somewhat here: https://en.wikipedia.org/wiki/Odious_debtThis meme of a Jubilee also comes up from time-to-time at Zero Hedge and other places in the Alt-Finance Media. * * * There is no doubt that the current National Debt (variously defined, but at its MOST conservative would be some $19 trillion (or over $100,000 per taxpayer) is not payable in its current form. If we consider other debts (inc. Social Security, MediCare, state & municipality debts, consumer debts, etc.), then there is no question that the various debts in their current forms and understanding will NEVER be repaid. But, let's limit ourselves to studying our National Debt. HOW will (can) it be repaid? What forms will the Debt NOT be repaid (devaluing it by inflation, a Jubilee (default = NOT PAYING), moar debt, a combination...)? |
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I have had two "things go wrong" when working w/ blockchain.info. Both were resolved just fine after back & forth with their support team (some of whom are individuals you mentioned above). Both incidents happened over a year ago.
1) I had a SharedCoin mixing go wrong, they suggested a remedy, and it worked.
2) I had a wallet protected by 2FA, yet the BTC disappeared (about $400 IIRC), after back & forth, I got the BTC back.
So, just keep at it with them, be courteous. As long as they CAN do something about it, they probably will.
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this is great news , if this multi million dollar industry starts noticing bitcoin it definitely is going to attract a lot of attention to bitcoin which in return will increase the popularity and the price eventually.
Yes, Herbert2020, and above commentators. I too think that it will take a lot of exposure of BTC before it becomes mainstream. But, Hollywood is a trendsetter, what happens on-screen often then happens on Main Street afterwards. There is also some psychology being thrown in here by Hollywood... |
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There's plenty to talk about now:
** Just tonight, the FBI killed two in the rural Oregon stand-off.
** Trump/Cruz. Hillary's lies. Hillary's health. <=== Will Biden jump in? Where do they all stand re Bitcoin?
** Shanghai is down 2.8% or so as I write
** Developments in BTC hardware wallets (a topic of interest to me) come about every week now.
** Whither Europe? <=== That's a big question.
** Whither oil? Whither gold? Where's my coffee? (sorry)
** WHEN (and how) will they resolve the blockchain size debate??
** Whose BTC services are any good?
I start new topics from time-to-time. Pick something you're interested in, and that you would like to see other opinions, and fire away! It's easy and fun!
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Every market is rigged to some degree or other. The amount of rigging and its effects on the small trader depend on the particular market (gold is very rigged), HFT (mentioned up-thread), whatever any manipulators think they can get away with (legal or not), etc., etc. There are so many scams in the financial markets, so many ways the Insiders milk the rest of us...
I suspect that there is rigging in BTC markets as well, though I have no evidence to offer.
One way to deal with it is to not play their game.
Buy and hold gold, don't trade it.
Buy and HODL BTC, don't trade it.
Buy and hold quality stocks (companies with low debt for example), don't trade them.
Rookies who trade will get scalped.
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Hear, hear CoinCube. + a billion.
I know SQUAT about alt-coins and have no interest in them. But, TPTB (AnonyMint) is clearly a very smart guy, informed in BTC matters, as well as knowledgeable on a host of other subjects.
They should not ban him, nor delete his posts. After all, Bitcoin is "the financial equivalent" of free speech. It's beyond irony that TPTB would be banned for honest (though indelicate) discourse.
If he succeeds at what he is up to, then bitcointalk.org will be lessened by kicking out a revolutionary who saw the future.
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I did a quick and dirty Google search and found nothing that Trump has said re Bitcoin.
But, there are others asking the same thing as O/P!
Trump seems to be ready to spend a a billion dollars (of HIS money) to win*. How ironic, most Presidents have to whore themselves out and be sold to the money-men... They are the Sellers.
Trump is the Buyer of politicians. He admitted it during the first debate!
* Bloomberg has hinted that he might spend a billion too if he runs....
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... Shanghai is down 2.81% or so as I write (almost 11:00 PM US ET). Shanghai is down some 50% from its high (2015) and is back at late-2014 levels. http://www.marketwatch.com/ <--- then click the "Asia" tab under "Markets". |
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