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Author Topic: Gold collapsing. Bitcoin UP.  (Read 2032123 times)
Erdogan
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September 08, 2014, 09:16:51 AM
 #11701

When money is printed in the form of debt - and that debt goes sour and is parked in a "bad bank", it does not represent a larger money supply and therefore price increases. Supply being only the money that is in fact offered on the market.

So to the degree this is happening, we have no inflation, but what we do have, is the distortion of the market and resulting of waste of investments, and the loss of the continuous correction of the production structure that we like in laissez faire capitalism.

Even without money supply expansion as presumed above, the investment waste will in the end reduce productivity and consequently lead to higher goods prices.

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September 08, 2014, 09:43:12 AM
 #11702

http://www.zerohedge.com/news/2014-09-07/europe-goes-all-will-sanction-rosneft-gazprom-neft-and-transneft

Oh shit.
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September 08, 2014, 12:27:08 PM
 #11703


Seriously what are they thinking? Is it just incompetence or do they just dont hide from not caring about the people they govern anymore?
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September 08, 2014, 12:55:58 PM
 #11704


Seriously what are they thinking? Is it just incompetence or do they just dont hide from not caring about the people they govern anymore?

Their plans are going perfectly. The US, EU and Nato want a new cold war with Russia and they will probably get it at this rate. Or even a hot war. While I was on ZH I also read about the Scottish independence vote and how everyone was worried that scotland would secede. But I still can't work out exactly why anyone really cares.

http://www.zerohedge.com/news/2014-09-07/uk-full-panic-mode-rains-fire-and-brimstone-bribes-scotland-yes-independence-poll-cr
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September 08, 2014, 12:57:13 PM
 #11705

coiling. we're gonna get another pop off.

the Bitstamp Bears are gonna get hurt.

Maybe If you keep calling it you'll be right one day!
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September 08, 2014, 01:28:44 PM
 #11706


Seriously what are they thinking? Is it just incompetence or do they just dont hide from not caring about the people they govern anymore?

Their plans are going perfectly. The US, EU and Nato want a new cold war with Russia and they will probably get it at this rate. Or even a hot war. While I was on ZH I also read about the Scottish independence vote and how everyone was worried that scotland would secede. But I still can't work out exactly why anyone really cares.

http://www.zerohedge.com/news/2014-09-07/uk-full-panic-mode-rains-fire-and-brimstone-bribes-scotland-yes-independence-poll-cr


They care in the UK because they want Scotland to remain part of the union, mostly for their oil. Scotland has huge oil fields, which were opened up by BP and pipelines built to bring it ashore. The revenues went to London. If Scotland does secede, then they will be regaining control of their oil resources. That is 1 reason.
I remember hearing years ago that if Scotland were an independent country, it would be one of the richest in the world. There is another reason why they want independence.
I guess it is not important at all unless you live in England or Scotland.
If they vote for independence, then independence they shall have. It is also interesting to observe the vested interests and serious money throwing their weight behind the No campaign (no to independence).
If i was Scottish, I'd take one look at who was behind the No campaign and run to the Yes side.. but that's just me.

The next 24 hours are critical!
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September 08, 2014, 01:31:18 PM
 #11707

I wonder if Scotland votes to secede, would they start bombing it to make it return to UK like they do in Ukraine.
cypherdoc (OP)
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September 08, 2014, 01:41:56 PM
 #11708

coiling. we're gonna get another pop off.

the Bitstamp Bears are gonna get hurt.

Maybe If you keep calling it you'll be right one day!

Remind me not to help you anymore despite you being a former sub.

No worries about this dip. yep,  cheap coins along with the bigger purpose:  kill off Bitcoin competitors.
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September 08, 2014, 01:54:11 PM
 #11709

Dollar up, everything else down including bitcoin.

Somethings gotta give and eventually start acting as a safe haven.
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September 08, 2014, 03:08:10 PM
 #11710

coiling. we're gonna get another pop off.

the Bitstamp Bears are gonna get hurt.

Maybe If you keep calling it you'll be right one day!

Remind me not to help you anymore despite you being a former sub.

No worries about this dip. yep,  cheap coins along with the bigger purpose:  kill off Bitcoin competitors.

Wasn't trying to be an ass. I know it's going up eventually too, you just can't keep constantly saying this is it it's going up followed by consistent drops, only to say you were right when it goes up:P No need to take it personally, I really appreciate everything you've done for me and on this thread.
cypherdoc (OP)
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September 08, 2014, 03:51:36 PM
 #11711

coiling. we're gonna get another pop off.

the Bitstamp Bears are gonna get hurt.

Maybe If you keep calling it you'll be right one day!

Remind me not to help you anymore despite you being a former sub.

No worries about this dip. yep,  cheap coins along with the bigger purpose:  kill off Bitcoin competitors.

Wasn't trying to be an ass. I know it's going up eventually too, you just can't keep constantly saying this is it it's going up followed by consistent drops, only to say you were right when it goes up:P No need to take it personally, I really appreciate everything you've done for me and on this thread.

i never brag about how i was right, unsolicited.  at least i don't think so and if i did i really shouldn't have.  i will quote my gold and silver sales in the past only to make a point on the bigger picture.  i may be arrogant (i'd prefer convicted) but i'm not full of myself.  there is a difference.

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September 08, 2014, 03:55:24 PM
 #11712

Metals are a pain in the ass to transport, dinosaur money, undivisible. Just buy BTC already you freaks.
cypherdoc (OP)
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September 08, 2014, 03:57:03 PM
 #11713

gold getting shellacked.

there's a huge clue here if you're willing to see it.  i've already pointed out convincingly how gold has failed to curb the excesses of the Fed in controlling interest rates.  now, what you're seeing, is gold failing to act as a hedge against geopolitical disruptions and even maybe war.  this further supports my contention that 9/2011 was the top of gold's 9yr cycle and we will only see more downside. 

i still see deflation occurring on a macroeconomic basis.  the real question for us Bitcoiners is will Bitcoin continue to decline along with gold?  i seriously doubt it.  it's too young and the upside potential is too great.  we're at the end of a 9 mo bear cycle, imo, and soon you will see Bitcoin diverge from gold in any upward direction.  you just need to be patient. 
keithers
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September 08, 2014, 03:59:04 PM
 #11714

It is probably becoming another good time to purchase precious metals.   In the long term, there is almost no logical way that precious metals will not appreciate.   As the USD (and other currencies) get further and further inflated, precious metals will have to go up (hopefully along with BTC)
cypherdoc (OP)
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September 08, 2014, 04:00:28 PM
 #11715

oh Lordy:

cypherdoc (OP)
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September 08, 2014, 04:01:31 PM
 #11716

It is probably becoming another good time to purchase precious metals.   In the long term, there is almost no logical way that precious metals will not appreciate.   As the USD (and other currencies) get further and further inflated, precious metals will have to go up (hopefully along with BTC)

gold can't go up while we're experiencing deflation and especially when the USD is ramping.
cypherdoc (OP)
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September 08, 2014, 04:02:27 PM
 #11717

It is probably becoming another good time to purchase precious metals.   In the long term, there is almost no logical way that precious metals will not appreciate.   As the USD (and other currencies) get further and further inflated, precious metals will have to go up (hopefully along with BTC)

here you go.  gold, no way:

cypherdoc (OP)
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September 08, 2014, 04:04:16 PM
 #11718

https://twitter.com/cypherdoc2/status/509009258772717568
cypherdoc (OP)
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September 08, 2014, 04:10:40 PM
 #11719

what we should see here first, before Wall St's arrival, is a RunToBitcoin from the goldbugs.  then the big Wall St rush will come.
cypherdoc (OP)
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September 08, 2014, 04:12:37 PM
 #11720

are we putting in a reversal candle today?

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