Buy 1 ounce gold. End Giant Bank's $15,000,000,000,000 cartel

[tulezua]

The reason is because the dollar strengthened. Expecting the Fed to raise more interest rates has lifted the value of the greenback. A stronger dollar is usually bad for gold because it makes this precious metal more expensive to international investors.

[1714779402]

1714779402

[buwaytress]

Pointless to "buy gold". All these banks and giants you speak off can do 10 times what any single person here can, in the blink of an eye. They don't even need access to physical gold. One phone call or email can get them any amount of paper gold via Comex probably at a deep discount too. No one cares that they're not even 1% backed by physical gold. That's how bad it's gotten for gold, and that's what futures could do to Bitcoin one day, who knows?

Kind of like bots on a crypto exchange then.

Paper gold is leveraged at over 500:1 to real gold, this has suppressed the price.  At some point the number of people wanting physical delivery will increase then the house of cards will fall.

Precisely. If the diseased old structure of finance and money has infiltrated even gold, and OP is suggesting that all of us buying gold will kill the banking cartel, think again. When the house of cards fall, it won't be the banks that pay the price, but the man on the streets holding his paper promise of 1 owning an ounce of gold.

We're only halfway to that 20-yr mark, my friend. Care to tell me why Bitcoin has failed if you're here on this forum talking to thousands of users, and I'm here still earning and spending in Bitcoin?

expedia.com removed bitcoin as payment option. I read that shops/stores sell Bitcoins immediately after they get it as payment from fear of loss from price price change

Shops and stores don't sell Bitcoin immediately. The majority of Bitcoin merchants actually "accept Bitcoin payments" via a Bitcoin payment processor. It's the guys like Coinbase, Bitpay, Coinpayments etc. who take the Bitcoin from customers and THEN settle the payments with merchants with fiat. I don't have the numbers but almost all of the merchants I pay Bitcoin to are all using the payment processors I named... in effect, they never actually receive a single satoshi, nor do they even have a Bitcoin wallet. They receive fiat payments.

So expedia removing Bitcoin option probably just means they're ending their contract with Bitpay or whomever it was who processed Bitcoin payments for them.

In any case, this doesn't prove why Bitcoin has failed. Every time I take stock of how and where I can spend Bitcoin, the list and options only seem to grow.

[First77]

Paper gold will be crushed because $5,000,000,000,000 will be released from the stock markets. Apple inc., Google, facebook, amazon going back to $200 billion. Now these 4 companies are worth $2.5 trillion.

Most likely these paper gold players will make a big buy to save their skin now that U.S President Donald Trump has pulled up tech giants facebook, google, amazon and wars in many countries, $1 Trillion trade war.

Central banks worldwide could buy 200 tonnes to 700 tonnes gold as reserves. Gold going to $2100/ounce.

[Financial Freedom 4U]

Pointless to "buy gold". All these banks and giants you speak off can do 10 times what any single person here can, in the blink of an eye. They don't even need access to physical gold. One phone call or email can get them any amount of paper gold via Comex probably at a deep discount too. No one cares that they're not even 1% backed by physical gold. That's how bad it's gotten for gold, and that's what futures could do to Bitcoin one day, who knows?

Kind of like bots on a crypto exchange then.

Paper gold is leveraged at over 500:1 to real gold, this has suppressed the price.  At some point the number of people wanting physical delivery will increase then the house of cards will fall.

Precisely. If the diseased old structure of finance and money has infiltrated even gold, and OP is suggesting that all of us buying gold will kill the banking cartel, think again. When the house of cards fall, it won't be the banks that pay the price, but the man on the streets holding his paper promise of 1 owning an ounce of gold.

We're only halfway to that 20-yr mark, my friend. Care to tell me why Bitcoin has failed if you're here on this forum talking to thousands of users, and I'm here still earning and spending in Bitcoin?

expedia.com removed bitcoin as payment option. I read that shops/stores sell Bitcoins immediately after they get it as payment from fear of loss from price price change

Shops and stores don't sell Bitcoin immediately. The majority of Bitcoin merchants actually "accept Bitcoin payments" via a Bitcoin payment processor. It's the guys like Coinbase, Bitpay, Coinpayments etc. who take the Bitcoin from customers and THEN settle the payments with merchants with fiat. I don't have the numbers but almost all of the merchants I pay Bitcoin to are all using the payment processors I named... in effect, they never actually receive a single satoshi, nor do they even have a Bitcoin wallet. They receive fiat payments.

So expedia removing Bitcoin option probably just means they're ending their contract with Bitpay or whomever it was who processed Bitcoin payments for them.

In any case, this doesn't prove why Bitcoin has failed. Every time I take stock of how and where I can spend Bitcoin, the list and options only seem to grow.

I also think it is no point to buy gold to fight the cartel, even if you wanted to buy gold you would typically not buy physical gold but end up with paper gold, as most bankers would recommend to you as these are derivatives and highly compensated (big comission check for the banker) compared to physical gold.

[markj113]

I also think it is no point to buy gold to fight the cartel, even if you wanted to buy gold you would typically not buy physical gold but end up with paper gold, as most bankers would recommend to you as these are derivatives and highly compensated (big comission check for the banker) compared to physical gold.

Why would you go to a banker to buy physical gold?

Thats what bullion dealers are for, hand over the cash and walk out with the metal.

[First77]

Why would you go to a banker to buy physical gold? Thats what bullion dealers are for, hand over the cash and walk out with the metal.

You said the right words. When Gold is the money, those banks just want 20% profit every year by saying some words like "wealth management etc.."

[nowbitco.in]

Gold still valueable than dollar because dollar just back up by government trust

[First77]

Gold still valueable than dollar because dollar just back up by government trust

Gold is universal accepted investment and most liquid (convertible to cash) asset. I was able to sell 100% pure 3 ounces Silver coin without a receipt. In fact I have also sold 2 ounces of gold without purchase receipt. That is the trust bullion dealers have in gold and silver.

[lapongetiasuu]

wow, the terrible movement of fiat or gold prices like that will make a lot of people lose because they don't have a transparent system.

[SolomonSollarsNSense]

Pointless to "buy gold". All these banks and giants you speak off can do 10 times what any single person here can, in the blink of an eye. They don't even need access to physical gold. One phone call or email can get them any amount of paper gold via Comex probably at a deep discount too. No one cares that they're not even 1% backed by physical gold. That's how bad it's gotten for gold, and that's what futures could do to Bitcoin one day, who knows?

Kind of like bots on a crypto exchange then.

Paper gold is leveraged at over 500:1 to real gold, this has suppressed the price.  At some point the number of people wanting physical delivery will increase then the house of cards will fall.

Let's not even forget that central banks have prodigious pricing power in the gold markets which makes it totally centralized anyway and they both play an important role in gold price with International Monetary Fund. What I am implying is that, gold also have some of its own great disadvantages if you are banking so much on it as an investment. Also, based on some of the things the OP said in few lines above me, I still do not see how bitcoin has failed as a digital currency after just few years, unless he is trying to wipe his mind on how it has not failed.

[First77]

Gold is preserve of wealth and store of value. Gold is hedge against inflation and protects people's wealth during wars, natural calamities [earthquakes, hurricanes etc..].

[Menawi12]

With gold price right now, Gold must be very undervalue. Paper money always printed by central banks but gold have limited supply. Gold price should be more than current price and i am believe gold price will increasing when crisis happen

[LeGaulois]

With gold price right now, Gold must be very undervalue. Paper money always printed by central banks but gold have limited supply. Gold price should be more than current price and i am believe gold price will increasing when crisis happen

Gold isn't doing its job recently, the safe haven isn't so safe. With all the problem Turkey is having the Gold price failed by 10% in 3 months about. 10% is a lot when it's about gold. I don't know what's going on it' supposed to not behave like this.

I am not complaining, It's the good time of the year for me to buy more gold coins 

[First77]

Gold isn't doing its job recently, the safe haven isn't so safe. With all the problem Turkey is having the Gold price failed by 10% in 3 months about. 10% is a lot when it's about gold. I don't know what's going on it' supposed to not behave like this.I am not complaining, It's the good time of the year for me to buy more gold coins 

DOW Jones [stock markets] have gone up from 18000 to 26000. Looks like the cartel is selling gold and putting the multi-trillions in stock markets. See insider's information for gold on my website. Those algorithms.

[BitHodler]

Thats what bullion dealers are for, hand over the cash and walk out with the metal.

It's not as easy as you make it seem like. I have checked several bullion dealers within my country, and they all require me to have them store a copy of my ID and other personal information for who knows how long.

Also do they have various limits in place at which they by law are forced to report purchases and sales over a certain amount to the government. That, at least in my country, is not a motivating factor to buy myself into gold.

DOW Jones [stock markets] have gone up from 18000 to 26000. Looks like the cartel is selling gold and putting the multi-trillions in stock markets. See insider's information for gold on my website. Those algorithms.

They don't have to sell gold in order to significantly inflate stock prices. Nearly the entire stock market has been bought up with debt in the last couple of years, all because of how cheap it is to borrow money.

Gold always tends to lose value when there is no urgent need to hedge anything.

[First77]

Hundreds of people are saying gold and silver are safer than bank deposits

Read here: https://bitcointalk.org/index.php?topic=4463427.0

[First77]

With gold price right now, Gold must be very undervalue. Paper money always printed by central banks but gold have limited supply. Gold price should be more than current price and i am believe gold price will increasing when crisis happen

Crude Oil $80/barrel as Iran fears mount

Oil has risen above $80 a barrel to its highest level this year amid concerns about supplies from Iran and a fall in US stockpiles.Brent crude rose more than 1% to $80.13 - the first time it has breached $80 since late May.The rise reflects concern about the impact of US sanctions against Iran that will target oil exports.

"Iran is increasingly becoming the preoccupation of the crude market," said consultants JBC Energy."The last couple of weeks have seen the expected squeeze on Iranian crude flows taking shape, with overall outflows down markedly."Gordon Gray, HSBC's global head of oil and gas equity research, said there were "real risks" that Brent could hit $100 a barrel.

https://www.bbc.com/news/business-45501884

[Ng93]

Very different opinions on this issue...
I believe that gold and silver are worth buying, when you have a lot of money you need to save and protect them from the mood of the market, from the default of the national currency and from natural disasters. It's not an asset to multiply money. It is an asset to save your Fiat money.

[leeheidrick]

Listen to your property statistics. I feel puzzled and very excited. Buy 1 ounce gold. End Giant Bank's $15,000,000,000,000 cartel

You are right. I am also confused by the title of this post, but I managed to understand the meaning of this post, and he believes the price of gold is 2500 $ / ounce and 60 $ silver / ounce.

[First77]

Gold is manipulated heavily. Its price should be higher, but it is in someones interest to chrush the price. I hope it will get its deserved valuation in the future, as economy is crumbling and fiat is worthless.

People must order an Federal Bureau of Investigation [FBI] investigation into stock markets [26000] and Gold price fall to $1200/ounce, Silver price fall to $14/ounce and Apple Inc. at $1 Trillion, Amazon at $1 Trillion on the stock markets.