hmmm is gold done for?

[Yakamoto]

Guys does anyone of you buy stocks in the tech companies by any chance? I am particularly interested in AMD because I think their stocks will raise this year with the launching of their new CPU line.

Dude, start a topic on this if you want to discuss it, and I don't say that in a mean way.  We need a good thread about stocks here, even if it doesn't have anything to do with bitcoin.

Gold at 1085 as I write this and silver at 13.85.  Gold is holding on, seems like.  Silver has gotten absolutely hammered in the last 4 years.  It's ugly.

With the Chinese stock market tumbling, it is possible there is a decreased demand for silver for whatever they would be using it for.

It is brutal though, I completely agree. PMs are taking a beating, and I think it'll be rough to watch them over the next few days.



I fully believe that we are seeing another economic collapse, between oil, PMs, China, and the NYSE, we're going to see a lot more things falling in the next year.

[ObscureBean]

It is not possible for the masses to know for sure whether gold supply is being controlled. Human actions/thoughts are still free from outside control in the same way that fiat cannot really be controlled. With Bitcoin we're moving toward a world where everything is accounted for and control is absolute. Science is making a lot of progress when it comes to techniques for probing the human mind and even mind reading. If humans maintain their current path of evolution, there will come a time when every human action/thought will be known the second they occur and filed away in the 'human ledger'.
The good news is that you'll then be able to know if someone is trying to suppress gold supply 

[helloeverybody]

Gold will recover,  it's needed in electronics and various other things so not only is it used as a store of value,  it's actually needed for everyday appliances.  A small dip isn't the end for precious metals.  Until a man made gold is invented gold will always have value.

[bearex]

I dont know. I guess we will see what happens when this(if) gets mined. I think it wont be done fore though.

[Moneyburner]

I doubt it's a huge scheme to control gold currency and just not economically feasible to mine massive quantities of gold under water for a cheap price.

[Hazir]

Nothing special here and nothing groundbreaking. This gold deposit is not the biggest, nor the easiest to mine. Gold price is safe imo, stop worrying.
Russians has a lot more natural resources, like the biggest diamond deposit in the world lying fallow now and as result we don't see massive diamond price reduction.

[_Miracle]

Wish I could buy piles of precious metals right now.
Good time to buy and hold.