dnaleor (OP)
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Merit: 1000
Want privacy? Use Monero!
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August 13, 2013, 09:30:05 AM |
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Quote from this thread: Gold collapsing. Bitcoin UP.Remember when this thread was about gold & bitcoin?  For all the silver bugs out there, I present you: Gold stagnating. Silver & Bitcoin UP. |
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There are several different types of Bitcoin clients. The most secure are full nodes like Bitcoin Core, which will follow the rules of the network no matter what miners do. Even if every miner decided to create 1000 bitcoins per block, full nodes would stick to the rules and reject those blocks.
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NewLiberty
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Activity: 1204
Merit: 1002
Gresham's Lawyer
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August 16, 2013, 02:58:15 AM |
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vokain
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Merit: 1019
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August 16, 2013, 03:01:01 AM |
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i don't like the sentiments of all this.... sounds like a bull trap. i bought slw a week ago and after appreciating 25% in the time being it seems like the buyers are almost depending on this 'uptrend' you speak of.
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worldinacoin
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August 16, 2013, 03:04:49 AM |
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I think Gold and commodities will drop if investors fear factor increase, they will sell all and go to the safe haven of the USD
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randrace
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Activity: 329
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LTC -> BTC -> Silver!
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August 16, 2013, 06:35:20 AM |
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I was hoping for lower prices a little longer; I'm not done buying!
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NewLiberty
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Gresham's Lawyer
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August 16, 2013, 11:38:47 AM |
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Historically 15-20:1 for gold to silver ratio over the last few thousand years.
So either gold is coming down a lot more or silver is still going up 4x to reach historical averages.
Its probably not too late to buy silver.
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randrace
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Activity: 329
Merit: 250
LTC -> BTC -> Silver!
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August 16, 2013, 07:42:42 PM |
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Historically 15-20:1 for gold to silver ratio over the last few thousand years. The silver/gold ratio plays a big part in my investment strategy. If/when the ratio reaches around 30:1, I'm going to sell some silver and buy gold. Right now is definitely silver's time to shine. |
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NewLiberty
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Activity: 1204
Merit: 1002
Gresham's Lawyer
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August 16, 2013, 08:28:50 PM |
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I'm balancing in favor of silver:gold at least up to 25:1. I wouldn't be a silver seller until 15:1 but then I get to see things that many don't. The draw down of reserves on both is pretty stark currently, but when/if BASEL III is implemented, we may see even more.
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randrace
Sr. Member
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Activity: 329
Merit: 250
LTC -> BTC -> Silver!
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August 23, 2013, 10:12:46 PM |
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Today silver rises $1 and Perth opens up their 2014 bullion to pre-sale.
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