Gold Price Parity Watch

[Wind_FURY]

Subscribed. This looks like a fun thread with no pretensions. Good clean fun in monitoring the price of Bitcoin and gold and see what happens. Can anybody post a good site where we can see the long term chart of gold?

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[marcus_of_augustus]

Can anybody post a good site where we can see the long term chart of gold?

Yes I can. These guys have USD:XAU that goes back to 1973 (around when the Federal Reserve Dollar Debt Notes defaulted on their gold redemption obligations of the Bretton Woods agreement, i.e de-linked from the gold standard),

http://goldprice.org/

There are other sites out there that have Gold price in other units going back further into history and some that use a 1980 US dollar equivalent index, 100 being the reference.

No pretensions here would be ideal.

[marcus_of_augustus]

bump.

$100 diff between gold oz. and 1 btc.

Looks like it might really happen, this month or next maybe.

[marcus_of_augustus]

Time for an update bump ... now within ~$25 of grabbing the golden ring   (we may have even kissed it sometime this morning when BTC spiked and XAU dumped)

[smoothie]

Time for a update bump ... now within ~$25 of grabbing the golden ring  (we have have even kissed it sometime this morning when BTC spiked and XAU dumped)

Crossing the gold price is a major psychological barrier.

Interesting times...

[edgar]

all we need is for rappers to start wearing btc in their teeth/round their necks and we'll be off to the races...

[smoothie]

all we need is for rappers to start wearing btc in their teeth/round their necks and we'll be off to the races...

You mean the BTC symbol...not actual digital bitcoins right? 

[edgar]

casascius coins, paper wallets, thumb drives whatever...

anythings gotta be better than the tsunami of cocaine/sodomy endorsements

[spiderbrain]

Are we there yet?

[edgar]

you musta missed it, shits like so half an hour ago!

[marcus_of_augustus]

Ok, I think that's a wrap ... mission accomplished, all a bit anti-climatic in the end.

It's just a stupid arbitrary psychological price point after all i guess. 

Might just leave the thread open for a while until we leave it well behind in the rearview mirror.

[cellard]

I'll update as/when relevant.

Good thread. Bitcoin belongs above gold because bitcoin is a better way to store value than a physical piece of metal that is easily confiscable when you need to cross borders.
And this is only one of bitcoin's feature.

I can't believe how insanely underrated bitcoin is only because of that feature. It's like most people's brain still hasn't clicked about that fact.

Hehe, and here we are, merely weeks later, bitcoin shocks the world with an spectacular performance.
It didn't shock me tho, this was expected by anyone that has been paying attention.

Now the key moments will be after the ETF decision, I hope that we can maintain a >gold price pre-ETF even if it the ETF fails.

[manselr]

Time for a update bump ... now within ~$25 of grabbing the golden ring  (we have have even kissed it sometime this morning when BTC spiked and XAU dumped)

Crossing the gold price is a major psychological barrier.

Interesting times...

Indeed, and now that we have finally crossed it, an interesting statistic to keep track off would be the amount of days that we stay above the gold price.

We used to talk a couple days ago how an interesting statistic was to keep track of days above 1000, now we should count this too, until it becomes the next normal.

[marcus_of_augustus]

Gold parity is back in play ... but bitcoin is coming out on top for now.

[Yuuto]

Gold parity is back in play ... but bitcoin is coming out on top for now.

Seems like bitcoin is prepared to break records even after the ETF decision as the community is holding up quite well. The price is constantly over the $1200 mark and I wouldn't be surprised if it went to something like $1,300 to $1,400 in a few weeks/months.

Bitcoin has all the properties of gold, i.e. decentralisation of production, interchangibility/fungibility, and has the potential to become the "online gold".

Hopefully more people can access bitcoin around the world so that we are able to grow more as a community.

[bajing]

I'll update as/when relevant.

Good thread. Bitcoin belongs above gold because bitcoin is a better way to store value than a physical piece of metal that is easily confiscable when you need to cross borders.
And this is only one of bitcoin's feature.

I can't believe how insanely underrated bitcoin is only because of that feature. It's like most people's brain still hasn't clicked about that fact.

Agree with you maybe because you only can 21 million bitcoin so as long as bitcoin is still use as a alternative payment, there is have a potential, bitcoin price will can far away above gold price.

[qwik2learn]

Bitcoin price last seen at 0.99 XAU.

[marcus_of_augustus]

Gold parity is back, with a vengeance. 3rd times a charm, maybe it holds and becomes rearview mirror material this time?

[york780]

Gold parity is back, with a vengeance. 3rd times a charm, maybe it holds and becomes rearview mirror material this time?

Yes it will.

Third time charm upwards always breaks trough the resistance line, its a common law.
We did it, lets take over the function of gold as a store of value.
BTC is a better store of value for years.

The fact will spread.
Stories become legends, legends become myths.

Gold is done for, as soon as the current generation of investors dumps their holdings the money will flow into Bitcoin because younger traders know that its potential is much higher than gold, they have a more objective point of view.