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1162
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Economy / Services / Re: [Debt Sale] Selling 52.41 BTC debt for 20 BTC
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on: March 26, 2012, 04:51:07 PM
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He owes all his family and friends money also, aside from the $40,000 USD he promissed everyone on this forum, that has been reduced to $20,000. He has no way to repay.
Someone really should break one of his legs and tell him to get a f'n job and stop scamming and start paying.
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1175
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Economy / Speculation / Re: Gold collapsing. Bitcoin up.
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on: March 22, 2012, 06:20:25 PM
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You didn't answer the question. I just want to know if you think in 10 years I will pay less USD for a gallon of gas and a loaf of bread then I do today  yes i do. i think we have entered the Age of Deleveraging and with new currencies like Bitcoin there is going to be shift toward real value and not speculation. we've been seeing price devaluations in the tech space for over a decade now b/c the information arbitrage is much less in this area as opposed to other sectors of the economy. with the advent of the Internet, we see this deflation spreading. the curtain is being pulled back. Ok. I do not agree with you  . I firmly believe that in 10 years a gallon of gas and a loaf of bread will cost me more then I pay for them today . If what I believe holds true PM's will be up in 10 years. Time will tell |
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1177
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Economy / Speculation / Re: Gold collapsing. Bitcoin up.
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on: March 22, 2012, 06:01:10 PM
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So your saying 10 years ago I paid the same or more for a gallon of gas and a loaf of bread then I do today.. And your saying 10 years from now I'm going to pay less for a gallon of gas and a loaf of bread? If you really believe that, I have this bridge I want to sell you.. |
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1178
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Economy / Speculation / Re: Gold collapsing. Bitcoin up.
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on: March 22, 2012, 05:50:40 PM
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Not really, cause about the best you can expect is to not lose your ass vs REAL inflation. Its more like a safe haven store of value, that is at least somewhat Shenanigans proof.
REAL Inflation=cost of necessities (food/Energy), not the CPI (which is basically the cost of a new TV)
If you want to actually have wealth appreciation gold and silver won't do it. Unless you can pick the ups and downs. I have no idea when it will turn back up, I just know that it will because of the forces in place.
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1179
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Economy / Speculation / Re: Gold collapsing. Bitcoin up.
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on: March 22, 2012, 05:36:25 PM
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The fed didn't stop printing . The National Debt isn't shrinking. The Deficit spending isn't receeding.. Gold and Silver are pulling back atm, but they can only go higher in the Long term given the above things. This has happened before. When gold hit 1000, significant correction.. 1225 significant correction. now its 1900 significant correction. The bull market isn't over. When the fed stops printing, the Nat debt starts shrinking, and there is no deficit spending, I'll sell all my gold and silver . |
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