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Author Topic: Gold collapsing. Bitcoin UP.  (Read 1939107 times)
Wekkel
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August 15, 2014, 05:07:16 AM
 #10601

It's 2014, who's still investing in gold?  Cheesy

Central banks are  Grin


He said investing, not speculating Wink

What's the difference?  There is none.

'Investing' nowadays is speculating on the behavior of central banks. Interest is being killed, and thus the very basis of capitalism.

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traderCJ
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August 15, 2014, 07:22:20 AM
 #10602

'Investing' nowadays is speculating on the behavior of central banks.

This is about the most profound statement I've read in this thread (not that that's saying much!)  Smiley
wachtwoord
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August 15, 2014, 09:26:38 AM
 #10603

It's 2014, who's still investing in gold?  Cheesy

Central banks are  Grin


He said investing, not speculating Wink

What's the difference?  There is none.

'Investing' nowadays is speculating on the behavior of central banks. Interest is being killed, and thus the very basis of capitalism.

Investing is buying something below it's real economic value. Speculating is buying something because you believe people will buy it for a higher price, irrespective of value.
Dusty
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August 15, 2014, 09:44:13 AM
 #10604

Quote
Investing is buying something below it's real economic value. Speculating is buying something because you believe people will buy it for a higher price, irrespective of value.

Value is subjective.

Articoli bitcoin: Il portico dipinto
Grafzep
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August 15, 2014, 09:55:25 AM
 #10605


Cheap international transfers, routing around capital controls and avoiding dragnet monitoring of cross-border financial transactions, i.e anything cross-border is the killer app for bitcoin right now. imho.

Front-end tools for cross-border end-user btc wealth management are less than stellar, i.e. non-existent.




In my view the "killer app" is managing wealth past death duties. Cross border is important, but I see it as 2D space: adding generational time opens up 3D power.

When the moderately wealthy (say property devs or mainstream entreprenuer types around $5-20m) realise that the 'coin can give them the kind of planning previously limited to serious money, they'll be piling in. And in aggregate that's a lot more new money than the odd marquee name like Branson.


hd060053
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August 15, 2014, 01:28:43 PM
 #10606

what happened to gold in the last hours ?


 
 
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Pruden
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August 15, 2014, 01:46:39 PM
 #10607

It's got a date with silver. They grew quite distant lately (it's always silver who has the initiative) but gold is making up.
wachtwoord
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August 15, 2014, 02:07:43 PM
 #10608

Quote
Investing is buying something below it's real economic value. Speculating is buying something because you believe people will buy it for a higher price, irrespective of value.

Value is subjective.

When explicitly specifying your assumptions it's as objective as can be.
cypherdoc
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August 15, 2014, 02:47:23 PM
 #10609

what happened to gold in the last hours ?

When traderCJ speaks, ____.
zeetubes
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August 15, 2014, 02:47:56 PM
 #10610

what happened to gold in the last hours ?

The Fed...

Same as it ever was.
cypherdoc
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August 15, 2014, 03:12:30 PM
 #10611

Lol, NXT has a plan! It's called the rollback machine!  :

http://www.reddit.com/r/Bitcoin/comments/2dmccc/chinese_trading_platform_btercom_announcesomeone/
cypherdoc
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August 15, 2014, 04:10:47 PM
 #10612

Stocks reversing...
cypherdoc
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August 15, 2014, 05:41:01 PM
 #10613

nasty outside reversal on the Russell:

cypherdoc
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August 15, 2014, 05:43:11 PM
 #10614

silver continuing to lead:

cypherdoc
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August 15, 2014, 05:44:53 PM
 #10615

Silver Wheaton desperately trying to hang on:

cypherdoc
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August 15, 2014, 05:48:33 PM
 #10616

https://twitter.com/cypherdoc2/status/500338050166427649
cypherdoc
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August 15, 2014, 06:04:08 PM
 #10617

that uptrending support line i drew on the VIX back in middle of July is still holding.  note the huge reversal candle:

cypherdoc
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August 15, 2014, 06:17:45 PM
 #10618

another recession is looking likely:

cypherdoc
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August 15, 2014, 06:19:12 PM
 #10619

ppl ain't happy, and rightfully so.

The preliminary Reuters / University of Michigan consumer sentiment index for August was at 79.2, down from 81.8 in July. This was the lowest reading since last November and below the consensus forecast of 82.3:

Zarathustra
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August 15, 2014, 06:24:16 PM
 #10620

ppl ain't happy, and rightfully so.

The preliminary Reuters / University of Michigan consumer sentiment index for August was at 79.2, down from 81.8 in July. This was the lowest reading since last November and below the consensus forecast of 82.3:



Peak optimism on 1/1/2000. Coincidence?
Njet.

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