cypherdoc
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Activity: 1764
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November 17, 2012, 06:00:45 PM |
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Housing is still way over-priced in my opinion. Perhaps not dangerously so any more but enough, potentially, to cause some problems down the road.
the US went ape shit crazy and gave away mortgages to anyone, ( all thanks to the golden boy? ) Canada didn't do this. I'm sure most countries are fine, and mortgages are not in a bubble ... have u heard what's happening to Vancouver real estate? nope, but i did hear housing prices in my area are sure to go up in the next few years. wrong: http://www.theprovince.com/business/Vancouver+buyer+market+home+sales+prices+fall/7557885/story.html#axzz2CVJgE9XA |
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cypherdoc
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Activity: 1764
Merit: 1002
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November 17, 2012, 06:02:24 PM |
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AndrewBUD
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November 17, 2012, 06:04:06 PM |
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I thought dude lived in Montreal....
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adamstgBit
Legendary
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Activity: 1904
Merit: 1037
Trusted Bitcoiner
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November 17, 2012, 06:06:17 PM |
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I thought dude lived in Montreal....
Close, I live off the island. |
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myrkul
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November 17, 2012, 06:13:49 PM |
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what will happen to gold and silver if deflation sets in?  Gold (and to a lesser extent, silver - more volatile market) will retain value even as the price drops. |
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cypherdoc
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Activity: 1764
Merit: 1002
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November 17, 2012, 06:21:12 PM |
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what will happen to gold and silver if deflation sets in? Gold (and to a lesser extent, silver - more volatile market) will retain value even as the price drops. i won't argue with that. but i think Bitcoin has a good chance to go up thru this period of deflation. that's whats so intriguing... |
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damnek
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November 17, 2012, 06:26:50 PM |
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what will happen to gold and silver if deflation sets in? Gold (and to a lesser extent, silver - more volatile market) will retain value even as the price drops. i won't argue with that. but i think Bitcoin has a good chance to go up thru this period of deflation. that's whats so intriguing... Can you give an estimate of how long this period would be? |
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adamstgBit
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November 17, 2012, 06:28:11 PM |
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what will happen to gold and silver if deflation sets in? Gold (and to a lesser extent, silver - more volatile market) will retain value even as the price drops. i have a hard time believing that... to me gold created a "fear inflation" bubble selling gold at the top, and then having deflation rise the value of your $, is too good an offer to pass up. Bitcoin on the other hand ( with the market so new, there is still room for Massive growth ) will continue to rise. Bitcoin was never about protecting your money, its been about replacing the broken system, with honest money. a powerful mission, sure to gain support as the $ goes nuts. |
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cypherdoc
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Activity: 1764
Merit: 1002
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November 17, 2012, 06:46:31 PM |
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what will happen to gold and silver if deflation sets in? Gold (and to a lesser extent, silver - more volatile market) will retain value even as the price drops. i have a hard time believing that... to me gold created a "fear inflation" bubble selling gold at the top, and then having deflation rise the value of your $, is too good an offer to pass up. Bitcoin on the other hand ( with the market so new, there is still room for Massive growth ) will continue to rise. Bitcoin was never about protecting your money, its been about replacing the broken system, with honest money. a powerful mission, sure to gain support as the $ goes nuts. very, very good. |
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adamstgBit
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Activity: 1904
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November 17, 2012, 06:56:27 PM |
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Deflation could really fuck shit up. if it starts to happen no doubt the government will step in and start printing dollars like fucking crazy to promote lending / spending. long term effects of this YOYO game they are playing can't be good... people are going lose their homes and shortly after prices for food and EVERYTHING will rocket  I believe in BTC because its not imaginary like the USD  <- only now starting to understand....
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cypherdoc
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Activity: 1764
Merit: 1002
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November 17, 2012, 07:01:05 PM |
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Deflation could really fuck shit up.
This. and i ask you, who else besides me have you heard talking about deflation? literally everyone, and i mean everyone, thinks inflation is inevitable. in other words, when everyone's already bought, who else is there to buy? |
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adamstgBit
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Activity: 1904
Merit: 1037
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November 17, 2012, 07:02:52 PM |
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Deflation could really fuck shit up.
This. and i ask you, who else besides me have you heard talking about deflation? literally everyone, and i mean everyone, thinks inflation is inevitable. in other words, when everyone's already bought, who else is there to buy? scary story! |
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myrkul
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November 17, 2012, 07:20:27 PM |
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what will happen to gold and silver if deflation sets in? Gold (and to a lesser extent, silver - more volatile market) will retain value even as the price drops. i have a hard time believing that... to me gold created a "fear inflation" bubble selling gold at the top, and then having deflation rise the value of your $, is too good an offer to pass up. Indeed, if you're buying gold to speculate, that's pretty much the plan. If, like me you're buying gold as a store of value, there's less to worry about. Gold's value is pretty much stable. Everyone knows how much it's worth, and a Krugerrand is going to buy the same number of bullets today as it is after the apocalypse. Bitcoin on the other hand ( with the market so new, there is still room for Massive growth ) will continue to rise.
Bitcoin was never about protecting your money, its been about replacing the broken system, with honest money. a powerful mission, sure to gain support as the $ goes nuts.
As for Bitcoin, This pretty much says it all. Bitcoin (or failing that, it's successors) is bound to increase in value, for the simple reason that it's a better system. |
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adamstgBit
Legendary
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Activity: 1904
Merit: 1037
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November 17, 2012, 07:52:43 PM |
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what will happen to gold and silver if deflation sets in? Gold (and to a lesser extent, silver - more volatile market) will retain value even as the price drops. i have a hard time believing that... to me gold created a "fear inflation" bubble selling gold at the top, and then having deflation rise the value of your $, is too good an offer to pass up. Indeed, if you're buying gold to speculate, that's pretty much the plan. If, like me you're buying gold as a store of value, there's less to worry about. Gold's value is pretty much stable. Everyone knows how much it's worth, and a Krugerrand is going to buy the same number of bullets today as it is after the apocalypse. Bitcoin on the other hand ( with the market so new, there is still room for Massive growth ) will continue to rise.
Bitcoin was never about protecting your money, its been about replacing the broken system, with honest money. a powerful mission, sure to gain support as the $ goes nuts.
As for Bitcoin, This pretty much says it all. Bitcoin (or failing that, it's successors) is bound to increase in value, for the simple reason that it's a better system. your probably holding the physical gold your self. were do you go to sell that? drive 30mins to a shop, and get Spot-5% gold is stable?  really? |
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Richy_T
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Activity: 2436
Merit: 2121
1RichyTrEwPYjZSeAYxeiFBNnKC9UjC5k
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November 17, 2012, 07:59:37 PM |
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Ok so think about this... gold and silver has been betting the USD would go continue to go down and recently have been scaring people into buying gold and silver , saying the USD would drop to 0  . what will happen to gold and silver if deflation sets in? I do believe there is something of a bubble in gold right now. Possibly an opportunity will be around the corner. Expect to hear a lot of wailing. Though it's quite possible that any bubble will get caught up by the decreasing value of the dollar and never burst. |
1RichyTrEwPYjZSeAYxeiFBNnKC9UjC5k
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myrkul
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November 17, 2012, 08:03:13 PM |
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your probably holding the physical gold your self. were do you go to sell that? drive 30mins to a shop, and get Spot-5% ...Sell? Why would I want to do that? gold is stable? really? tsk, tsk... you're fixated on price. price ≠ value. I counter that image with this one:  |
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adamstgBit
Legendary
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Activity: 1904
Merit: 1037
Trusted Bitcoiner
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November 17, 2012, 08:41:55 PM |
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 that guys is getting people to sort coins for him and buying them at a bargain genius!
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Richy_T
Legendary
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Activity: 2436
Merit: 2121
1RichyTrEwPYjZSeAYxeiFBNnKC9UjC5k
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November 17, 2012, 10:51:15 PM |
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that guys is getting people to sort coins for him and buying them at a bargain genius! And making a political point. A hat trick. |
1RichyTrEwPYjZSeAYxeiFBNnKC9UjC5k
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bitcoinbear
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November 19, 2012, 09:27:09 PM |
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Gold's value is pretty much stable. Everyone knows how much it's worth, and a Krugerrand is going to buy the same number of bullets today as it is after the apocalypse. That is not exactly true. When the apocalypse hits, the supply of bullets will go down and the demand will go up, so your gold will buy less bullets. |
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myrkul
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November 19, 2012, 09:36:27 PM |
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Gold's value is pretty much stable. Everyone knows how much it's worth, and a Krugerrand is going to buy the same number of bullets today as it is after the apocalypse. That is not exactly true. When the apocalypse hits, the supply of bullets will go down and the demand will go up, so your gold will buy less bullets. And you can't eat gold... Chocolate might well buy more bullets than a Krugerrand, but you get my point. |
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