Bitcoin Forum
May 21, 2019, 07:57:12 PM *
News: Latest Bitcoin Core release: 0.18.0 [Torrent] (New!)
 
   Home   Help Search Login Register More  
Pages: [1] 2 »  All
  Print  
Author Topic: Today & Tonight, Gold is Getting KILLED  (Read 1461 times)
OROBTC
Legendary
*
Offline Offline

Activity: 1568
Merit: 1001



View Profile
February 16, 2016, 03:54:13 AM
 #1

...

After last Thursday's impressive $50 price melt-up, it looks like gold is getting hammered in the Far East.  The total price decline over the past 24 hours or so is over $30 per ounce (not counting Friday's lesser decline).  I can't explain it, so please don't ask...

FYI, gold price is easily available at:

ounce.me (a nice handy little site that also shows BTC, LTC and other PM prices as well as crude oil and the US$)
kitco.com (the coin shops use this site to price their gold coins for sale to the public)
24hGold.com (also has links to other gold and financial info)

The ounce.me site also has a handy BTC:Gold ratio, this would be of interest to anyone buying gold with their BTC.
1558468632
Hero Member
*
Offline Offline

Posts: 1558468632

View Profile Personal Message (Offline)

Ignore
1558468632
Reply with quote  #2

1558468632
Report to moderator
1558468632
Hero Member
*
Offline Offline

Posts: 1558468632

View Profile Personal Message (Offline)

Ignore
1558468632
Reply with quote  #2

1558468632
Report to moderator
1558468632
Hero Member
*
Offline Offline

Posts: 1558468632

View Profile Personal Message (Offline)

Ignore
1558468632
Reply with quote  #2

1558468632
Report to moderator
Get signals when whales enter & exit a market 74% average win rate
full binance integration
TRY NOW!
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1558468632
Hero Member
*
Offline Offline

Posts: 1558468632

View Profile Personal Message (Offline)

Ignore
1558468632
Reply with quote  #2

1558468632
Report to moderator
The Pharmacist
Legendary
*
Online Online

Activity: 1512
Merit: 2905



View Profile
February 16, 2016, 04:47:46 AM
 #2

Sir!  I'd say gold is holding its own pretty well, and silver is not faring poorly either. 

I'm thinking about buying some sort of gold coin with some spare bitcoin, probably through Provident.  Like a Mexican gold 5 pesos or some such.  Gold dipped a little, but I think it's just that, a dip.  I don't think it's getting killed.

OROBTC
Legendary
*
Offline Offline

Activity: 1568
Merit: 1001



View Profile
February 16, 2016, 05:26:24 AM
 #3

Sir!  I'd say gold is holding its own pretty well, and silver is not faring poorly either.  

I'm thinking about buying some sort of gold coin with some spare bitcoin, probably through Provident.  Like a Mexican gold 5 pesos or some such.  Gold dipped a little, but I think it's just that, a dip.  I don't think it's getting killed.


I can highly recommend Provident, I have bought from them some six times, all w/ Bitcoin.  Shipment takes less than a week (usually...).

Gold (of course) has been doing very well over the past few weeks, but its moves last week, as well as today/tonight are very dramatic (I did of course, write an inflammatory Subject Title here, smile,,,).

Short-term my predictions (guesses) re gold price are worth very little.  Given some time, however, I believe gold will go way up vs. most other investments.  Buying little by little is what I have done for decades (since 1985 or so).  I remember how *SHOCKED* I felt one time paying $500 ($500!!) for a mere ounce of gold...  LOL

I have bought as income permitted.  I am at about 11% in gold of my net worth.  1% - 20% is a reasonable (and very wide) range.  Remember that only some 2% of Americans own ANY investment (non-jewelry) gold, so even if you wind up with just 2 ounces (say) in your "stack", you are way ahead of most people.

Buying small-sized gold coins is a great strategy if you do not own much.  Mexican 5 peso coins as well as 1/10th oz Eagles fit the bill nicely.


EDIT: Provident does charge 1% more for Bitcoin payment, argh.

EDIT 2: To correct spelling errors.
Kakmakr
Legendary
*
Offline Offline

Activity: 1652
Merit: 1239

★ ChipMixer | Bitcoin mixing service ★


View Profile
February 16, 2016, 06:41:19 AM
 #4

The saying goes, "When in doubt, buy Gold" but what if my doubts involve the laws governing the ownership of gold. What will prevent governments from prohibiting people to own gold, like they did in the USA. We buy gold in the hope that they will not do that again.

I know some countries do not allow people to buy gold and in Greece they wanted to stop people from buying it too, when things got tough. It might be seen as a safe haven, but it has some regulatory issues too. ^hmmm^

youdamushi
Sr. Member
****
Offline Offline

Activity: 406
Merit: 250


View Profile
February 16, 2016, 09:45:27 AM
 #5

The saying goes, "When in doubt, buy Gold" but what if my doubts involve the laws governing the ownership of gold. What will prevent governments from prohibiting people to own gold, like they did in the USA. We buy gold in the hope that they will not do that again.

I know some countries do not allow people to buy gold and in Greece they wanted to stop people from buying it too, when things got tough. It might be seen as a safe haven, but it has some regulatory issues too. ^hmmm^

It doesn't matter that you have the right to own it or not. You can always hide it somewhere and the worth of the god will still be good especially in other countries!


PARADICE.io






southafricadude
Member
**
Offline Offline

Activity: 90
Merit: 11


View Profile WWW
February 16, 2016, 09:49:31 AM
 #6

ounce.me is a cool site! Bookmarked....thanks for the share

Website:Bitcoin South Africa - Twitter: @bitcoinzar - Facebook: @bitcoinzar
1Referee
Legendary
*
Offline Offline

Activity: 1876
Merit: 1303


View Profile
February 16, 2016, 10:03:26 AM
 #7

It looks like the market price of Gold is totally destructed if you look at the 24 hour chart. If you switch over to the 30 day chart, then it's up more than 13%!!

larem
Sr. Member
****
Offline Offline

Activity: 350
Merit: 250


View Profile
February 16, 2016, 10:07:58 AM
 #8

It looks like the market price of Gold is totally destructed if you look at the 24 hour chart. If you switch over to the 30 day chart, then it's up more than 13%!!

It's been on a downhill trend for so long, though, that I feel it's most likely just artificial. I have the feeling it's going to drop back down again soon. Though with the world events, maybe not?

7788bitcoin
Legendary
*
Offline Offline

Activity: 994
Merit: 1000


Free Crypto in Stake.com Telegram t.me/StakeCasino


View Profile
February 17, 2016, 02:38:22 AM
 #9

Market ups and downs are very normal. This is how the traders make profits...

STT
Legendary
*
Offline Offline

Activity: 2086
Merit: 1120



View Profile WWW
February 17, 2016, 04:51:40 AM
 #10

Nothing big in the grand scheme, its only a high percentage as gold fell from 1900 already but I imagine 50 will be nothing in the future when it recovers and surpasses previous highs.    The thing to watch is the bigger trend which was down even on recent rises unfortunately, takes alot of time to turn around usually

█▀▀█
██▄█
BESTMIXER.IO // BEST BITCOIN MIXER
█▀▀█
██▄█
Kakmakr
Legendary
*
Offline Offline

Activity: 1652
Merit: 1239

★ ChipMixer | Bitcoin mixing service ★


View Profile
February 17, 2016, 07:03:32 AM
 #11

The saying goes, "When in doubt, buy Gold" but what if my doubts involve the laws governing the ownership of gold. What will prevent governments from prohibiting people to own gold, like they did in the USA. We buy gold in the hope that they will not do that again.

I know some countries do not allow people to buy gold and in Greece they wanted to stop people from buying it too, when things got tough. It might be seen as a safe haven, but it has some regulatory issues too. ^hmmm^

It doesn't matter that you have the right to own it or not. You can always hide it somewhere and the worth of the god will still be good especially in other countries!

What is the value of that, if you cannot use it in open trade? The problem with transporting it to other countries where it has value, is the logistics and the weight. If ownership of gold is forbidden, you cannot simply climb on board of a jet with a bunch of gold bars and wizz to another country. The security at the airport will confiscate all gold before you can take it out of the country. Bitcoin can go through borders without any trouble and that is a mayor advantage over gold.

Bitcoin is a bit volatile at the moment but once it gets more distributed, it would be a perfect alternative for gold ownership.

OROBTC
Legendary
*
Offline Offline

Activity: 1568
Merit: 1001



View Profile
February 17, 2016, 09:26:25 PM
 #12

The saying goes, "When in doubt, buy Gold" but what if my doubts involve the laws governing the ownership of gold. What will prevent governments from prohibiting people to own gold, like they did in the USA. We buy gold in the hope that they will not do that again.

I know some countries do not allow people to buy gold and in Greece they wanted to stop people from buying it too, when things got tough. It might be seen as a safe haven, but it has some regulatory issues too. ^hmmm^

It doesn't matter that you have the right to own it or not. You can always hide it somewhere and the worth of the god will still be good especially in other countries!

What is the value of that, if you cannot use it in open trade? The problem with transporting it to other countries where it has value, is the logistics and the weight. If ownership of gold is forbidden, you cannot simply climb on board of a jet with a bunch of gold bars and wizz to another country. The security at the airport will confiscate all gold before you can take it out of the country. Bitcoin can go through borders without any trouble and that is a mayor advantage over gold.

Bitcoin is a bit volatile at the moment but once it gets more distributed, it would be a perfect alternative for gold ownership.



Well, Kakmakr, I have the following comments to pass along:

1)  It is rather easy to take small amounts (say 2 oz or less in small coins) with you through the airport.  Be creative...

2)  "There is always someone around who will take (= accept as payment) your gold."

3)  Yup, BTC goes through airports very nicely!  The problem is that BTC is not popular in many countries (like Peru: my "other" beat).

4)  You wrote (re Bitcoin):

     "... it would be a perfect alternative for gold ownership."

     I would correct that to:

     "... it would be a perfect complement to gold ownership."
    
jmintuck02
Full Member
***
Offline Offline

Activity: 182
Merit: 100

★Bitvest.io★ Play Plinko or Invest!


View Profile
February 17, 2016, 11:11:30 PM
 #13

Now, when gold is getting killed, that is a good time to buy a bit o" gold. Just look for the dips and pick up some at the dip. See if you can

hold on for a steeper dip, or as low as you can possibly go before you spring for an ounce or two, or whatever you can afford. Complement

it with BTC.

mrflibblehat
Sr. Member
****
Offline Offline

Activity: 350
Merit: 250

★YoBit.Net★ 350+ Coins Exchange & Dice


View Profile
February 18, 2016, 02:46:59 AM
 #14

Good idea to buy gold. It' never a bad idea to diversify things.

squatz1
Hero Member
*****
Offline Offline

Activity: 1008
Merit: 755


Flying Hellfish is a Commie


View Profile
February 18, 2016, 04:04:18 AM
 #15

Hmmm, I don't know if I should go ahead and invest or if it's going to fall any farther.
Any ideas?

█▀▀█
██▄█
BESTMIXER.IO // BEST BITCOIN MIXER
█▀▀█
██▄█
larem
Sr. Member
****
Offline Offline

Activity: 350
Merit: 250


View Profile
February 18, 2016, 06:06:28 AM
 #16

Hmmm, I don't know if I should go ahead and invest or if it's going to fall any farther.
Any ideas?

Nobody knows for sure or they'd be a trillionaire and every other investor in the world would do it as well. You just have to guess based on your own intuition... but gold is usually seen as a somewhat safe way to beat inflation (rather, keep up with it).

STT
Legendary
*
Offline Offline

Activity: 2086
Merit: 1120



View Profile WWW
February 20, 2016, 12:06:29 PM
 #17

Hmmm, I don't know if I should go ahead and invest or if it's going to fall any farther.
Any ideas?
Gold does not change value, gold does not change at all.  It does not rust, it doesnt react with air water most acids, cant rot.  Even if melted it can be put back together just the same, this is its worth.   When the price changes it is the dollar which are moving not the gold because that bit of metal has done nothing from one day to the next where as the change in dollars based in politics and its debt and trade worth is substantial.

If they put dollar rates to 20% as they have in the past briefly then gold price will fall maybe half but this is not the metal being any less useful.   The point to buying gold really is long term it will out last the dollar regime.   They cannot afford 20% rates as all the debt issued in recent years is payable in the nearer term and the government cannot pay interest on it (without reducing their other budget costs like the worlds largest army etc), I dont think USA can afford 5% rates even.  
If or when inflation goes past 5% then gold will have a positive yield in comparison to money, which normally should be impossible as it does nothing and performs no business where as USA and its currency should be returning positive rates on its borrowings

█▀▀█
██▄█
BESTMIXER.IO // BEST BITCOIN MIXER
█▀▀█
██▄█
JosNekoKopa
Sr. Member
****
Offline Offline

Activity: 476
Merit: 250


View Profile
February 20, 2016, 01:56:02 PM
 #18

 Probably people don't realize value of gold is always much greater if you hold!
You can't watch price of gold through dollar, this is so wrong!
elizabethqueen
Sr. Member
****
Offline Offline

Activity: 252
Merit: 250



View Profile
February 20, 2016, 03:00:28 PM
 #19

...

After last Thursday's impressive $50 price melt-up, it looks like gold is getting hammered in the Far East.  The total price decline over the past 24 hours or so is over $30 per ounce (not counting Friday's lesser decline).  I can't explain it, so please don't ask...

FYI, gold price is easily available at:

ounce.me (a nice handy little site that also shows BTC, LTC and other PM prices as well as crude oil and the US$)
kitco.com (the coin shops use this site to price their gold coins for sale to the public)
24hGold.com (also has links to other gold and financial info)

The ounce.me site also has a handy BTC:Gold ratio, this would be of interest to anyone buying gold with their BTC.
make sense,gold killed. but i also think that gold is similar with bitcoin,that two is mined,and the amount always change,also with the price,the problem is,gold more hard to get,and bitcoin is more easy.

markj113
Legendary
*
Online Online

Activity: 2170
Merit: 1041



View Profile
February 20, 2016, 03:02:44 PM
 #20

gold has pulled back the losses, does this chart look like gold is getting killed?


Pages: [1] 2 »  All
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!