Gold collapsing. Bitcoin UP.

[SkRRJyTC]

Quietness and humbleness are oozing from thread.

so you've declared victory?  it's all over; gold is going to $30,000/oz?  what is exactly your prediction so we can put it on the record too?

I predict that gold will go over $1900 before it goes under $1500.

Agree, would gladly bet a symbolic 1BTC on that. Deal cypherdoc or adamstgBit ?

I would also wager 1 BTC.

[1714252618]

1714252618

[1714252618]

1714252618

[molecular]

Quietness and humbleness are oozing from thread.

so you've declared victory?  it's all over; gold is going to $30,000/oz?  what is exactly your prediction so we can put it on the record too?

I predict that gold will go over $1900 before it goes under $1500.

Are you predicting it will first go over $1900 and then go under $1500 or are you predicting it will not go under $1500 without going over 1900$ first?

[labestiol]

The way I understand it (and propose to bet on it), is :

If the price of gold go above 1900$ I win and the bet is closed
If the price of gold go under 1500$ my opponent win and the bet is closed
If non of these conditions are realized, the bet is void

[Severian]

I predict that gold will go over $1900 before it goes under $1500.

I predict that gold will go over 1700 before it goes under 1600. : )

[molecular]

The way I understand it (and propose to bet on it), is :

If the price of gold go above 1900$ I win and the bet is closed
If the price of gold go under 1500$ my opponent win and the bet is closed
If non of these conditions are realized, the bet is void

I see. I won't bet against that. I think it's likely it'll go above $1900, but I also think it's quite possible the $ will die before gold goes below $1500. It might go below $1500 worth of SDR or something, though, but probably not before it hits $1900.

[cypherdoc]

i honestly was going to take that bet from both of you but as gold is an important part of my newsletter analysis i can't be seen as having a conflict of interest.  too bad.

[labestiol]

i honestly was going to take that bet from both of you but as gold is an important part of my newsletter analysis i can't be seen as having a conflict of interest.  too bad.

Should i conclude that you closed your shorts ? 
Thanks cypherdoc, that was the best joke of the day

[cypherdoc]

i honestly was going to take that bet from both of you but as gold is an important part of my newsletter analysis i can't be seen as having a conflict of interest.  too bad.

Should i conclude that you closed your shorts ? 
Thanks cypherdoc, that was the best joke of the day

yeah, i guess you're right.  you're both on:  labestiol and SkRRJyTC'.

to reiterate:  if gold hits $1900 before it hits $1500, you both win 1 BTC from me.  if gold hits $1500 before it hits $1900, i win 1 BTC from each of you.  no time limit.

please confirm.

[labestiol]

Confirmed

[SkRRJyTC]

i honestly was going to take that bet from both of you but as gold is an important part of my newsletter analysis i can't be seen as having a conflict of interest.  too bad.

Should i conclude that you closed your shorts ? 
Thanks cypherdoc, that was the best joke of the day

yeah, i guess you're right.  you're both on:  labestiol and SkRRJyTC'.

to reiterate:  if gold hits $1900 before it hits $1500, you both win 1 BTC from me.  if gold hits $1500 before it hits $1900, i win 1 BTC from each of you.  no time limit.

please confirm.

Confirmed.

[sunnankar]

to reiterate:  if gold hits $1900 before it hits $1500, you both win 1 BTC from me.  if gold hits $1500 before it hits $1900, i win 1 BTC from each of you.  no time limit.

please confirm.

Willing to write another one of these for an amount a lot larger than 1 BTC?

[cypherdoc]

to reiterate:  if gold hits $1900 before it hits $1500, you both win 1 BTC from me.  if gold hits $1500 before it hits $1900, i win 1 BTC from each of you.  no time limit.

please confirm.

Willing to write another one of these for an amount a lot larger than 1 BTC?

no but i will bet you 1 BTC.  this would be my last bet extended to anyone here b/c clearly, as the only one around here who thinks that gold can go down, i don't want to overextend myself as i could be wrong and i don't want the mob descending on me here in this thread.  but winning 1 BTC from the great Trace Mayer would be quite a feather in my cap going forward  

actually, i don't expect that my odds are much greater than 51-49% in my favor as the momentum behind the last breakout favors you bulls.  its just that i do believe in my TA and intuitive abilities enough to make what might be a really stupid bet.   and given the economic backdrop of where we are cyclically, i just don't see how Bennie, acting as a true modern day reverse Robin Hood, can steal much more money from the American ppl than he already has.

yes, at this point in time in the cycles, i am a Deflationist and that puts me in a distinct minority of one in these parts.  there will be a day when i turn Inflationist but its just not now.

[labestiol]

to reiterate:  if gold hits $1900 before it hits $1500, you both win 1 BTC from me.  if gold hits $1500 before it hits $1900, i win 1 BTC from each of you.  no time limit.

please confirm.

Willing to write another one of these for an amount a lot larger than 1 BTC?

no but i will bet you 1 BTC.  this would be my last bet extended to anyone here b/c clearly, as the only one around here who thinks that gold can go down, i don't want to overextend myself as i could be wrong and i don't want the mob descending on me here in this thread.  but winning 1 BTC from the great Trace Mayer would be quite a feather in my cap going forward  

actually, i don't expect that my odds are much greater than 51-49% in my favor as the momentum behind the last breakout favors you bulls.  its just that i do believe in my TA and intuitive abilities enough to make what might be a really stupid bet.   and given the economic backdrop of where we are cyclically, i just don't see how Bennie, acting as a true modern day reverse Robin Hood, can steal much more money from the American ppl than he already has.

yes, at this point in time in the cycles, i am a Deflationist and that puts me in a distinct minority of one in these parts.  there will be a day when i turn Inflationist but its just not now.

What about Trace giving you better odds then ?
I can say it now that the bet is done, but i would have gone as far as 3:1 on this bet.

[miscreanity]

QE has already begun. Of course, it never really stopped.

[cypherdoc]

QE has already begun. Of course, it never really stopped.

all that article contains is an "opinion".  no data, no facts.   

[labestiol]

If you look at their balance sheets, you will see that something is happening, assets are building on their balance sheets and they are not coming from the tooth fairy.

That sounds like a fact. Not a verified/documented one though (that I know). If it's true, we should have more info on that soon I guess.

[cypherdoc]

http://usawatchdog.com/catherine-austin-fitts-theyre-going-to-depopulate-or-bankrupt-the-rest-of-us/?utm_source=feedburner&utm_medium=email&utm_campaign=Feed%3A+UsaWatchdog+%28Greg+Hunter%E2%80%99s+USAWatchdog%29

Catherine Austin Fitts:  "We could find nothing in the 750 page document that would indicate that gold will become a Tier 1 asset".

[tvbcof]

http://usawatchdog.com/catherine-austin-fitts-theyre-going-to-depopulate-or-bankrupt-the-rest-of-us/?utm_source=feedburner&utm_medium=email&utm_campaign=Feed%3A+UsaWatchdog+%28Greg+Hunter%E2%80%99s+USAWatchdog%29

Catherine Austin Fitts:  "We could find nothing in the 750 page document that would indicate that gold will become a Tier 1 asset".

That must be because everyone is expecting the world's financial systems to switch to Bitcoin I guess and gold is a forgotten relic (which just happens to keep doubling in lock step with the crumbling of other financial systems...)

[cypherdoc]

http://usawatchdog.com/catherine-austin-fitts-theyre-going-to-depopulate-or-bankrupt-the-rest-of-us/?utm_source=feedburner&utm_medium=email&utm_campaign=Feed%3A+UsaWatchdog+%28Greg+Hunter%E2%80%99s+USAWatchdog%29

Catherine Austin Fitts:  "We could find nothing in the 750 page document that would indicate that gold will become a Tier 1 asset".

That must be because everyone is expecting the world's financial systems to switch to Bitcoin I guess and gold is a forgotten relic (which just happens to keep doubling in lock step with the crumbling of other financial systems...)

actually lotsa ppl around here point to the market cap of Bitcoin vs gold and scoff at such an idea.  i wonder how much the "awareness" of Bitcoin prevents ppl from throwing more fiat into gold.  that hesitation alone could be a substantial force.

[tvbcof]

http://usawatchdog.com/catherine-austin-fitts-theyre-going-to-depopulate-or-bankrupt-the-rest-of-us/?utm_source=feedburner&utm_medium=email&utm_campaign=Feed%3A+UsaWatchdog+%28Greg+Hunter%E2%80%99s+USAWatchdog%29

Catherine Austin Fitts:  "We could find nothing in the 750 page document that would indicate that gold will become a Tier 1 asset".

That must be because everyone is expecting the world's financial systems to switch to Bitcoin I guess and gold is a forgotten relic (which just happens to keep doubling in lock step with the crumbling of other financial systems...)

actually lotsa ppl around here point to the market cap of Bitcoin vs gold and scoff at such an idea.  i wonder how much the "awareness" of Bitcoin prevents ppl from throwing more fiat into gold.  that hesitation alone could be a substantial force.

Although it did for me to some extent, I cannot imagine that the effect is more than negligible given the size of the respective markets.  In my case I continued to accumulate physical PM's with only a short break to take the Bitcoin position I wanted to have.

As we've discussed previously, the opposite is not true and a tiny shift to Bitcoin from PM positions (or their growth) could have a massive impact on Bitcoin.  That, among other things, is why I hold a certain amount of hope for 'jackpot' returns on my Bitcoin speculation.  The longer Bitcoin proves itself as a solid solution, the more possible this becomes.

I personally do not believe that Bitcoin would sustain more than a tiny fraction of the world's exchange traffic and survive in anything like the form we know today.  OTOH, if it is seen as something of a reserve currency itself, and/or if intervention from authorities limits utilization in exchange form, I feel that it could have a decently long and very bright life expectancy.