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Author Topic: Gerald Celente Gox'd by MF Global/Lind Waldock  (Read 1864 times)
evoorhees
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Democracy is the original 51% attack


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November 16, 2011, 04:50:02 AM
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Even gold is subject to Goxxing!

http://www.youtube.com/watch?v=kt-mVWYvOm0&feature=player_embedded
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westkybitcoins
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Firstbits: Compromised. Thanks, Android!


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November 16, 2011, 08:28:57 AM
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Of all people, he should have known better. Gambling is not the same as investing.

Bitcoin is the ultimate freedom test. It tells you who is giving lip service and who genuinely believes in it.
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In the future, books that summarize the history of money will have a line that says, “and then came bitcoin.” It is the economic singularity. And we are living in it now. - Ryan Dickherber
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The idea that deflation causes hoarding (to any problematic degree) is a lie used to justify theft of value from your savings.
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November 16, 2011, 06:16:53 PM
 #3

i don't blame him for what he was doing with the futures contracts.  he was taking delivery from the Comex which is contributing to pressure on supplies.

it was part of a diversified strategy.

OTOH, i think pm's and the miners are on the precipice.
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Drama Junkie


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November 16, 2011, 09:58:52 PM
 #4

I don't exactly get why people don't just buy retail bullion. Even people with enough money to get a contract, can limit order at a bullion dealer and pay maybe 1% more.

First they ignore you, then they laugh at you, then they keep laughing, then they start choking on their laughter, and then they go and catch their breath. Then they start laughing even more.
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November 16, 2011, 11:46:04 PM
 #5

An amusing difference between those using MF Global and those using Mt. Gox is that, as I understand things, most typical users of Mt. Gox were made whole by Mt. Gox (and by extension, the Bitcoin currency system.)  This has yet to happen for Celente et-al who put their faith in the regulatory structures supporting the USD currency system {chuckle}.

But when (not 'if') Celente is made whole, I bet it will by my tax money that pays him off in the interest of 'supporting market confidence'.  {frown}

I'll chock this up as a win for the Libertarians (as much as I hate to admit it.)


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