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Author Topic: I was thinking of shorting until I saw this.........  (Read 2932 times)
YoYa
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July 15, 2011, 07:29:38 AM
 #1

http://www.sfgate.com/cgi-bin/article.cgi?f=/g/a/2011/07/14/bloomberg1376-LOCTJI0YHQ0X01-0SNO3DLKUC71NCR936FCO4714R.DTL
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Gold Poised for Second Weekly Advance After Rallying to Record

Dollar's fucked.

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Oldminer
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July 15, 2011, 07:34:45 AM
 #2

Haha wtf's with the sig dude...your not telling me someone actually sent u some coin?

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SgtSpike
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July 15, 2011, 08:04:09 AM
 #3

Haha wtf's with the sig dude...your not telling me someone actually sent u some coin?
Not a whole lot...
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pdawg
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July 15, 2011, 08:09:38 AM
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Gold is going much, much higher..... the Chinese are going to be diving into it big time in the near term.

YoYa
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July 15, 2011, 04:55:25 PM
 #5

Oldminer, I got lucky, made someone laugh :p

Quantitive easing and gold going up are not good indicators for the dollar....not feeling much confidence in the current world economy as it stands. We kicked the can down the road in 08.....we're now back where we started, except double dips are nasty.

Given the risks, Bitcoin ain't the perfect store of value, but given that I have it and it's easier to come by then gold or silver.....think I'll stay where I am.


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netrin
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July 20, 2011, 02:18:12 PM
 #6

Gold is going much, much higher..... the Chinese are going to be diving into it big time in the near term.

Gold 1 July: 1500 today: 1590 = 6%

Silver 1 July: 34 today: 40 = 18%

Gold is overpriced and will be corrected. It's peaking now, you just can't eyeball it.

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billyjoeallen
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July 20, 2011, 05:04:21 PM
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Gold is going much, much higher..... the Chinese are going to be diving into it big time in the near term.

1. the Chinese would need a serious contraction to retool their economy away from exports.
2. to maintain their trade deficit, the Chinese need to buy dollars ans US Treasuries as a way of weakening their own currency (making their exports cheaper to us).

Gold may or may not go higher, but the Chinese won't be in a position to do much of the buying when their property bubble pops.

insert coin here:
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imperi
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July 20, 2011, 05:07:02 PM
 #8

Gold is not necessarily going 'much higher', because the current price reflects the fact that people think it will have high future value.
Oldminer
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July 20, 2011, 05:34:02 PM
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Yea gold's a pain in the ass anyway. Too heavy. And you ever tried sending this stuff to someone on the other side of the globe as payment for goods or services? Shipping costs are outrageous.

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error
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July 20, 2011, 07:02:14 PM
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Yea gold's a pain in the ass anyway. Too heavy. And you ever tried sending this stuff to someone on the other side of the globe as payment for goods or services? Shipping costs are outrageous.

I know! I wish there was a currency you could just send over the Internet....oh wait.

3KzNGwzRZ6SimWuFAgh4TnXzHpruHMZmV8
YoYa
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July 20, 2011, 09:33:11 PM
 #11

Yea gold's a pain in the ass anyway. Too heavy. And you ever tried sending this stuff to someone on the other side of the globe as payment for goods or services? Shipping costs are outrageous.

Wait what?

You mean I can't just sign it with my private key?


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Oldminer
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July 20, 2011, 10:29:00 PM
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You mean I can't just sign it with my private key?



Hey, how did you get the key to my front door  Huh

If you like my post please feel free to give me some positive rep https://bitcointalk.org/index.php?action=trust;u=18639
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