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Author Topic: Gold collapsing. Bitcoin UP.  (Read 1805437 times)
sadpandatech
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August 21, 2012, 10:54:07 AM
 #2921


I believe this would be the most significant section:

Quote
A. Zero Percent Risk-Weighted Items

The following exposures would receive a zero percent risk weight under the proposal:

Cash;
Gold bullion;
Direct and unconditional claims on the U.S. government, its central bank, or a U.S. government agency;
Exposures unconditionally guaranteed by the U.S. government, its central bank, or a U.S. government agency;
Claims on certain supranational entities (such as the International Monetary Fund) and certain multilateral development banking organizations
Claims on and exposures unconditionally guaranteed by sovereign entities that meet certain criteria (as discussed below).



Is that a change from current policy? Is gold bullion currently an "item" that's considered 0% risk by the FDIC or not? ... If this *is* a change from existing policy, I consider it a significant one.

aye, fairly certain that gold was NOT listed as qualifying as a Zero Percent Risk-Weighted Item before this update.

It will likely do more for the large holder risk assessment sheets than it will for would be buyers though.

If you're not excited by the idea of being an early adopter 'now', then you should come back in three or four years and either tell us "Told you it'd never work!" or join what should, by then, be a much more stable and easier-to-use system. - GA
It is being worked on by smart people. -DamienBlack
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SkRRJyTC
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August 21, 2012, 12:31:19 PM
 #2922

USDX now under support... gold and silver now above resistance... stocks about to challenge their may highs...

Is the corner broken?
miscreanity
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August 21, 2012, 03:21:21 PM
 #2923

aye, fairly certain that gold was NOT listed as qualifying as a Zero Percent Risk-Weighted Item before this update.

It will likely do more for the large holder risk assessment sheets than it will for would be buyers though.

It's also a recent change that was made by the ECB, BIS, and numerous other major financial institutions. Gold is the only monetary instrument currently capable of providing sufficient liquidity for large scale international trade.
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August 21, 2012, 03:46:52 PM
 #2924

USDX now under support... gold and silver now above resistance... stocks about to challenge their may highs...

Is the corner broken?

not yet.
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August 21, 2012, 03:57:54 PM
 #2925

USDX now under support... gold and silver now above resistance... stocks about to challenge their may highs...

Is the corner broken?

not yet.

Livin on the edge?

Edit... although if today is a top in stocks and metals... the drop off will be sick
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August 21, 2012, 04:23:17 PM
 #2926

USDX now under support... gold and silver now above resistance... stocks about to challenge their may highs...

Is the corner broken?

not yet.

Livin on the edge?

Edit... although if today is a top in stocks and metals... the drop off will be sick

you're not allowed to edit 60 min after your original post.
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August 21, 2012, 07:06:57 PM
 #2927

USDX now under support... gold and silver now above resistance... stocks about to challenge their may highs...

Is the corner broken?

not yet.

Livin on the edge?

Edit... although if today is a top in stocks and metals... the drop off will be sick

see, the real question is; did you bite?
molecular
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August 21, 2012, 08:12:58 PM
 #2928

the thing that gives me confidence that i did the right thing is that we continue to get newbies to the forum like this guy Coreadrin_47 who's writings remind we of what i've been saying all along.  it appears to me that more and more ppl see the same things that i do and i can't believe we are all seeing an illusion.

There are cases of mass-illusions. Well, isn't all this gold/bitcoin has value thing a mass illusion anyhow?

I don't really care wether or not it's an illusion as long as it give me a stable store for my modest wealth.

PGP key molecular F9B70769 fingerprint 9CDD C0D3 20F8 279F 6BE0  3F39 FC49 2362 F9B7 0769
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August 21, 2012, 08:16:12 PM
 #2929


I believe this would be the most significant section:

Quote
A. Zero Percent Risk-Weighted Items

The following exposures would receive a zero percent risk weight under the proposal:

Cash;
Gold bullion;
Direct and unconditional claims on the U.S. government, its central bank, or a U.S. government agency;
Exposures unconditionally guaranteed by the U.S. government, its central bank, or a U.S. government agency;
Claims on certain supranational entities (such as the International Monetary Fund) and certain multilateral development banking organizations
Claims on and exposures unconditionally guaranteed by sovereign entities that meet certain criteria (as discussed below).



Is that a change from current policy? Is gold bullion currently an "item" that's considered 0% risk by the FDIC or not? ... If this *is* a change from existing policy, I consider it a significant one.

aye, fairly certain that gold was NOT listed as qualifying as a Zero Percent Risk-Weighted Item before this update.

It will likely do more for the large holder risk assessment sheets than it will for would be buyers though.

I'm pretty sure that's new, too. Shouldn't we see huge impact on the gold price?

PGP key molecular F9B70769 fingerprint 9CDD C0D3 20F8 279F 6BE0  3F39 FC49 2362 F9B7 0769
sunnankar
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August 22, 2012, 01:23:03 AM
 #2930

aye, fairly certain that gold was NOT listed as qualifying as a Zero Percent Risk-Weighted Item before this update.

It will likely do more for the large holder risk assessment sheets than it will for would be buyers though.

It's also a recent change that was made by the ECB, BIS, and numerous other major financial institutions. Gold is the only monetary instrument currently capable of providing sufficient liquidity for large scale international trade.


I have already started helping some people formulate a USD/gold to Bitcoin carry-trade. This will keep demand for gold fairly stagnant but allow for a switch in demand from USD to Bitcoin, on a small scale (few tens of millions). Going to be extremely exciting over the next few years.

HorseRider
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August 22, 2012, 12:33:09 PM
 #2931

Cypher, if you check the historic bitcoin price data, you will be able find easily that if a drawdown larger than 15% happened, another drawdown in 1-2 days is extremely likely to happen. Considering that these kind of drawdowns has happened only 19 times.

I would like to bet with you one bitcoin, that there is going to be another drawdown, larger than 10% from now on in 5 days. now the price = 9.87 USD on mtgox.

16SvwJtQET7mkHZFFbJpgPaDA1Pxtmbm5P
silverbox
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August 22, 2012, 01:59:29 PM
 #2932

Those miners seem to be turning Wink

GPL 1.95  (silver lg @ 1.98)

Come to papa Wink
cypherdoc
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August 22, 2012, 03:35:32 PM
 #2933

Cypher, if you check the historic bitcoin price data, you will be able find easily that if a drawdown larger than 15% happened, another drawdown in 1-2 days is extremely likely to happen. Considering that these kind of drawdowns has happened only 19 times.

I would like to bet with you one bitcoin, that there is going to be another drawdown, larger than 10% from now on in 5 days. now the price = 9.87 USD on mtgox.

if you make it 15% from $9.87, sure, why not.
bitsire
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August 22, 2012, 07:28:34 PM
 #2934

mybitcointrade.com is polling to see if people would be interested in trading metals on their site - if you are interested, please let them know here:

https://bitcointalk.org/index.php?topic=81357.100
silverbox
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August 22, 2012, 10:04:49 PM
 #2935

Since gold is performing so nicely.


This thread was started 3/13:

Bitcoin  5.40

Gold 1690


today 8/20:

Bitcoin 9.88 (up ~83%)

Gold 1654  (down ~2%)


BTC is barely hanging on after the CRASH (It'll plummet like a rock if Pirate starts paying in any meaningful fashion.)

Gold is in this season! (apparently gold is too cool to collapse!)  

BTC is still outperforming gold. Wink


GPL 1.98  (Silver lg  @ 1.98)  Looky looky.. Silverbox's stock pick is dead even and rising..
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August 22, 2012, 10:26:04 PM
 #2936

BTC is barely hanging on after the CRASH (It'll plummet like a rock if Pirate starts paying in any meaningful fashion.)

I don't get why BTC is supposed to plunge if Pirate pays. Just to release the panic and drama?
I am waiting some coins from Pirate and have no intentions to sell if I get them, even if I could make some fast bucks cheap.

BTW: it could be advisable to keep an eye on silver too.

silverbox
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August 22, 2012, 10:37:39 PM
 #2937

BTC is barely hanging on after the CRASH (It'll plummet like a rock if Pirate starts paying in any meaningful fashion.)

I don't get why BTC is supposed to plunge if Pirate pays. Just to release the panic and drama?
I am waiting some coins from Pirate and have no intentions to sell if I get them, even if I could make some fast bucks cheap.

BTW: it could be advisable to keep an eye on silver too.

The actively traded/used coins is in the 2-3 million range. 

Add 500k+ coins to those and even if only a small portion sells it'll drop the price.

In addition, the order book is much thinner on the buy side then the ask side, so the natural pressure is to go down atm.


sunnankar
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August 23, 2012, 01:15:22 AM
 #2938

In addition, the order book is much thinner on the buy side then the ask side, so the natural pressure is to go down atm.

That is the assumption .....

silverbox
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August 23, 2012, 01:18:27 AM
 #2939

In addition, the order book is much thinner on the buy side then the ask side, so the natural pressure is to go down atm.

That is the assumption .....

That is a fact.

Look for yourself.

http://bitcoin.clarkmoody.com/
silverbox
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August 23, 2012, 01:27:12 AM
 #2940

In addition, the order book is much thinner on the buy side then the ask side, so the natural pressure is to go down atm.

That is the assumption .....

That is a fact.

Look for yourself.

http://bitcoin.clarkmoody.com/

The assumption is that the order book will cause "natural pressure" to "go down" if it is much thinner on the buy side, not that the order book is much thinner on the buy side then the ask side.

Uh.. Sunnankar put "much thinner on the buy side" in italics..

Edit: Its a fact that it is much thinner on the buy side.

If you want to argue that a order booked stacked one direction exerts absolutely no pressure on future direction go ahead, but don't expect me to believe it Wink
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