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Author Topic: Gold collapsing. Bitcoin UP.  (Read 1803906 times)
silverbox
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June 14, 2012, 08:04:18 PM
 #2061

Its starting to smell like QE next week..  Me thinks its time to double down..

what an investment thesis. Roll Eyes

I been counting cards at this 6 deck chute all night, the count is +15 man! Wink
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cypherdoc
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June 14, 2012, 08:29:27 PM
 #2062

adamstgBit
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June 14, 2012, 08:35:56 PM
 #2063


Real price for copper coins: http://www.providentmetals.com/bullion/copper/1-avdp-ounce.html

yup totaly a scam...

but more importantly
is this the same guy?

http://yougetgold.com/main/the-you-get-gold-intro-video/
http://www.youtube.com/watch?v=9yHGMTIsXlA

silverbox
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June 14, 2012, 08:39:07 PM
 #2064


If you want copper, just buy nickels..  They are 75% copper and worth more then a nickel (melt value)..  The only real money left in the US..  The nickel.. They are a bit heavy thu at 22lbs per $100 Wink
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June 14, 2012, 08:44:24 PM
 #2065


If you want copper, just buy nickels..  They are 75% copper and worth more then a nickel (melt value)..  The only real money left in the US..  The nickel.. They are a bit heavy thu at 22lbs per $100 Wink

I dont want copper, i prefer the bras bitcoins from casascius.

I just want to point out the guy that says Bitcoin is a scam, is the same guy that made this UgetGold.com scam

the irony  Cheesy

jojo69
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June 14, 2012, 09:48:05 PM
 #2066


that is still $16 a pound on sale, pretty stiff premium for manufacture into rounds if you ask me

I will sell you all the #1 bright scrap you want for $8 a pound...lol

This is not some pseudoeconomic post-modern Libertarian cult, it's an un-led, crowd-sourced mega startup organized around mutual self-interest where problems, whether of the theoretical or purely practical variety, are treated as temporary and, ultimately, solvable.
Censorship of e-gold was easy. Censorship of Bitcoin will be… entertaining.
cypherdoc
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June 14, 2012, 11:23:40 PM
 #2067


today 6/14

Bitcoin 5.85   (up ~8 11%)

Gold 1622  (down ~4%)

BTC is up, Gold still hasn't collapsed.  BTC is outperforming gold.


GLD 157
bb113
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June 15, 2012, 12:21:19 AM
 #2068


If you want copper, just buy nickels..  They are 75% copper and worth more then a nickel (melt value)..  The only real money left in the US..  The nickel.. They are a bit heavy thu at 22lbs per $100 Wink


This is the first time I looked at this and you're right:


2.204 lb per kg

-1 nickel is 5 grams and made of 75% copper 25% nickle

So, 0.008265 lbs of copper -> 121 nickels for 1 lb of copper.

$6.05 dollars in nickels per pound of copper (worth about $3.60), weighs 1.33 lbs. Plus you get .333 lbs of nickel currently worth about $2.5.


-1 penny is 2.5 grams and made of 2.5% copper 97.5% zinc, so

-0.0625 g (0.0000625 kg) of copper per penny

So, 0.00013775 lbs of copper per penny -> 7,260 pennies for 1 lb of copper

$72.60 in pennies per pound of copper (worth about $3.60), weighs 40 lbs. Plus you get 39 lbs of zinc currently worth about $35

I'll let someone else do dimes (2.268 g) and quarters(5.67 g) both 91.67% Cu 8.33% Ni, but they won't stand up to the nickel. Why did copper decouple from the other two metals after 2008?
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June 15, 2012, 12:24:10 AM
 #2069

http://www.coinflation.com/

been harvesting nickels and pre 82 pennies for years here

This is not some pseudoeconomic post-modern Libertarian cult, it's an un-led, crowd-sourced mega startup organized around mutual self-interest where problems, whether of the theoretical or purely practical variety, are treated as temporary and, ultimately, solvable.
Censorship of e-gold was easy. Censorship of Bitcoin will be… entertaining.
silverbox
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June 15, 2012, 03:17:25 AM
 #2070

http://www.coinflation.com/

been harvesting nickels and pre 82 pennies for years here

I love coinflation Wink.  I sorted a bunch of pre 82 pennies by hand a few years back, but it gets old pretty fast, lol.  Its so much easier to just buy $100 boxes of nickels, lol.
notme
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June 15, 2012, 03:28:59 AM
 #2071

http://www.coinflation.com/

been harvesting nickels and pre 82 pennies for years here

I love coinflation Wink.  I sorted a bunch of pre 82 pennies by hand a few years back, but it gets old pretty fast, lol.  Its so much easier to just buy $100 boxes of nickels, lol.

Seems like a lot of hassle to hold $100.83 worth of metal, unless you get more than $100 worth of nickles for $100.

Not to mention if you wanted to melt them down it be more expensive than the gain no matter what form of energy you use.  I suppose if you have enough land you could chop down a few trees, but you're still looking at significant labor.

https://www.bitcoin.org/bitcoin.pdf
While no idea is perfect, some ideas are useful.
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silverbox
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June 15, 2012, 03:34:42 AM
 #2072

http://www.coinflation.com/

been harvesting nickels and pre 82 pennies for years here

I love coinflation Wink.  I sorted a bunch of pre 82 pennies by hand a few years back, but it gets old pretty fast, lol.  Its so much easier to just buy $100 boxes of nickels, lol.

Seems like a lot of hassle to hold $100.83 worth of metal, unless you get more than $100 worth of nickles for $100.

Not to mention if you wanted to melt them down it be more expensive than the gain no matter what form of energy you use.  I suppose if you have enough land you could chop down a few trees, but you're still looking at significant labor.

Its been as high as 8-9 cents melt value per nickel..  Its gonna rise.. I don't ever plan on melting them.  How much is the melt value of a crisp 100 dollar FRN Wink.

In 1964 they thought silver dimes were only worth a dime, today they sell for 21x face Wink.  

I love to take down trees and buck em up,  hauling them around once you've done that part isn't so fun thu.. But I love to run my chainsaws Wink
notme
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June 15, 2012, 04:21:15 AM
 #2073

http://www.coinflation.com/

been harvesting nickels and pre 82 pennies for years here

I love coinflation Wink.  I sorted a bunch of pre 82 pennies by hand a few years back, but it gets old pretty fast, lol.  Its so much easier to just buy $100 boxes of nickels, lol.

Seems like a lot of hassle to hold $100.83 worth of metal, unless you get more than $100 worth of nickles for $100.

Not to mention if you wanted to melt them down it be more expensive than the gain no matter what form of energy you use.  I suppose if you have enough land you could chop down a few trees, but you're still looking at significant labor.

Its been as high as 8-9 cents melt value per nickel..  Its gonna rise.. I don't ever plan on melting them.  How much is the melt value of a crisp 100 dollar FRN Wink.

In 1964 they thought silver dimes were only worth a dime, today they sell for 21x face Wink.  

I love to take down trees and buck em up,  hauling them around once you've done that part isn't so fun thu.. But I love to run my chainsaws Wink

Gas is pricey, try an axe Tongue.

https://www.bitcoin.org/bitcoin.pdf
While no idea is perfect, some ideas are useful.
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cloon
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June 15, 2012, 09:26:17 AM
 #2074

I hate to have Fiat laying around on bankrupt banks:
is it time to buy silver and gold? (could $27 / $1539 be the bottom?)
what do you expect to happen with the silver/gold price if greece stays into the euro-zone, what if not?

donations to 13zWUMSHA7AzGjqWmJNhJLYZxHmjNPKduY
Vandroiy
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June 15, 2012, 12:55:53 PM
 #2075

Is it time to buy silver and gold? (could $27 / $1539 be the bottom?)
what do you expect to happen with the silver/gold price if greece stays into the euro-zone, what if not?

Hard to tell. I'd expect that a good bit of the high gold price is indeed a bubble, but the financial crisis might have superimposed a genuine rise. The problem is how to value gold if things go bad. Some countries hold gold reserves and might start spending them, and just fiat currencies inflating away does not mean that gold actually increased in value.

Given that the US might hold on for quite a bit longer despite their enormous debt, it's still possible for Gold/USD to crash.

Greece... I don't know if it still matters that much. If the ECB starts giving in further, expect currency instabilities; if it doesn't, expect more governments to collapse. This decision is what really matters. It determines what breaks down first.
SkRRJyTC
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June 15, 2012, 01:46:14 PM
 #2076

actually my subs don't have to vouch for anything.  i wrote everything right here in this thread.  go back and check.

I remember.  No need to check.  Just wondering if you covered yet, as the dollar index is falling..  

Don't get caught with your pants down with QE3, euro gold bonds, and a falling dollar index  all on the table...

USDX isnt falling... not until its below $81 would I call it falling.

EDIT $82 is an important level too... just not as important IMO

We didnt even test $82...

EDIT: Metals are inching up with the dollar now... interesting

$82 tested and defended... didnt get close to $81...

USD goes up from here.

USD double bottom on the hourly time frame at  ~$81.75.

Gold and Silver will finish down today.
miscreanity
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June 15, 2012, 02:15:33 PM
 #2077

I hate to have Fiat laying around on bankrupt banks:
is it time to buy silver and gold? (could $27 / $1539 be the bottom?)
what do you expect to happen with the silver/gold price if greece stays into the euro-zone, what if not?

If you're looking to acquire physical metal, now is the time. Any price below USD$1,800 is a deep discount.

USD double bottom on the hourly time frame at  ~$81.75.

Gold and Silver will finish down today.

Possibly. I'd be wary of putting a position on now; some brokers are even closing down pre-market trading altogether until after the Greek drama on the 17th, reducing liquidity.
SkRRJyTC
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June 15, 2012, 02:33:48 PM
 #2078

actually my subs don't have to vouch for anything.  i wrote everything right here in this thread.  go back and check.

I remember.  No need to check.  Just wondering if you covered yet, as the dollar index is falling..  

Don't get caught with your pants down with QE3, euro gold bonds, and a falling dollar index  all on the table...

USDX isnt falling... not until its below $81 would I call it falling.

EDIT $82 is an important level too... just not as important IMO

We didnt even test $82...

EDIT: Metals are inching up with the dollar now... interesting

$82 tested and defended... didnt get close to $81...

USD goes up from here.

USD double bottom on the hourly time frame at  ~$81.75.

Gold and Silver will finish down today.

Double bottom failed.  Im probably wrong about today...
cypherdoc
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June 15, 2012, 02:56:04 PM
 #2079

I hate to have Fiat laying around on bankrupt banks:
is it time to buy silver and gold? (could $27 / $1539 be the bottom?)
what do you expect to happen with the silver/gold price if greece stays into the euro-zone, what if not?


i would buy Bitcoin.  since the beginning of this thread (despite a price dump due to negative Bitcoinica news from $5.4 to $4.6 three days after) Bitcoin has outperformed gold +11% to -4%.
silverbox
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June 15, 2012, 03:24:16 PM
 #2080

I'm considering selling some oil stock and buying one or two juinor silver miners atm..  

Any thoughts??  Grin Wink

I thought about it and went ahead and pulled the trigger.

Since Cypher disclosed his 152 GLD short (btw did you cover yet cypher?)

I bought GPL at 1.97 today.  You can record this one. (for better or worser) Wink

Now if Ben can just back me up next week..
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