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Author Topic: Gold collapsing. Bitcoin UP.  (Read 1807330 times)
labestiol
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September 08, 2012, 07:34:58 PM
 #3141

What happened to all of Cyphers supporters?  Who said he was right about the big crash in the stock market and collapse in PMs that were about to doom us all..

If they don't show up pretty soon to help him out, I might have to switch sides and argue for the collapse of PM's Wink

I still support him for a stock crash/correction. But it will probably have to wait after the election

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September 08, 2012, 07:45:11 PM
 #3142

What happened to all of Cyphers supporters?  Who said he was right about the big crash in the stock market and collapse in PMs that were about to doom us all..

If they don't show up pretty soon to help him out, I might have to switch sides and argue for the collapse of PM's Wink

brimming with confidence, eh?

we need an update, btw.
silverbox
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September 08, 2012, 07:51:23 PM
 #3143


This thread was started 3/13:

Bitcoin  5.40

Gold 1690


today 9/8:

Bitcoin 11.06 (up ~105%)

Gold 1735   (up ~3%)


BTC seems to be holding steady, after the 35% crash, in the 10-11 range.

Gold is UP

BTC is still outperforming gold.


GPL 2.24  (Silver lg  @ 1.98)  I might have to calc the percent increase on this one pretty soon, turning into a nice little profit.  
smoothie
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September 08, 2012, 07:51:28 PM
 #3144

What happened to all of Cyphers supporters?  Who said he was right about the big crash in the stock market and collapse in PMs that were about to doom us all..

If they don't show up pretty soon to help him out, I might have to switch sides and argue for the collapse of PM's Wink

brimming with confidence, eh?

we need an update, btw.

PMs arent ever going away. Remember bitcoin is only 4 years old or so.

Bitcoin could take off and it could fail. Even Gavin admits that it is an experiment.

PMs have shown they can be used as money in past as long as the actual metal is traded and not paper.

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cypherdoc
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September 08, 2012, 07:53:10 PM
 #3145

What happened to all of Cyphers supporters?  Who said he was right about the big crash in the stock market and collapse in PMs that were about to doom us all..

If they don't show up pretty soon to help him out, I might have to switch sides and argue for the collapse of PM's Wink

brimming with confidence, eh?

we need an update, btw.

PMs arent ever going away. Remember bitcoin is only 4 years old or so.

Bitcoin could take off and it could fail. Even Gavin admits that it is an experiment.

PMs have shown they can be used as money in past as long as the actual metal is traded and not paper.

tell me how i pay that programmer $10 with gold on the other side of the world that helped me the other day.
cypherdoc
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September 08, 2012, 07:54:09 PM
 #3146


This thread was started 3/13:

Bitcoin  5.40

Gold 1690


today 9/8:

Bitcoin 11.06 (up ~105%)

Gold 1735   (up ~3%)


BTC seems to be holding steady, after the 35% crash, in the 10-11 range.

Gold is UP

BTC is still outperforming gold.


GPL 2.24  (Silver lg  @ 1.98)  I might have to calc the percent increase on this one pretty soon, turning into a nice little profit.  

Difference:  102% advantage Bitcoin.
adamstgBit
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September 08, 2012, 09:15:34 PM
 #3147

The only thing holding up gold is the fact that everyone is betting that the USD will collapse, and everyone on wall st. will  buy gold like mad fools when it does...

this couldn't be more wrong.

their are MANY MANY other commodities to dump your $ in in-order to protect against this hyper inflation.

gold is easy to push on poeple,

but I think buying anything else will give you a better outcome when the shit hits the fan.

copper is 0% speculative value. its 3$ a pound because that's what its worth

gold is 90% speculative value. its 1700$ an ounce, because people are suckers.

if the USD does in fact implode ( this is kinda crazy, but i guess it could sorta happen ) traders aren't going to bump up gold 10000%.... they are simply going to buy ALL kinds of commodities, and probably avoid gold because it will be in a bubble on-top of a bubble...  4000$ for an oz of gold... what a joke...


sorry guys... I blame "Gold Line" for my hate of this gold BS.  Tongue

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September 08, 2012, 09:26:06 PM
 #3148


tell me how i pay that programmer $10 with gold on the other side of the world that helped me the other day.

$10.  Wow!  Did you get any conditional statements for that kind of green?

To answer your question, though, hopefully one day providers of trinkets such as gold will also be fluent in Bitcoin.  So, you give you programmer (or organ donor or whatever) a code which he can redeem at his local shop.  As long as such establishments are not wrecked by the government sponsored brown-shirts the development of such solutions would be a big step forward for Bitcoin.


Severian
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September 08, 2012, 09:43:02 PM
 #3149

if the USD does in fact implode ( this is kinda crazy, but i guess it could sorta happen ) traders aren't going to bump up gold 10000%.... they are simply going to buy ALL kinds of commodities, and probably avoid gold because it will be in a bubble on-top of a bubble...  4000$ for an oz of gold... what a joke...


sorry guys... I blame "Gold Line" for my hate of this gold BS.  Tongue

I share your hate for Gold Line and gold buggery.

I think silver will break out when the shit hits the fan. It has more industrial uses than gold and demand outpaces production and supply. When the Lala Land of fiat melts away and the real value of commodities are compared to their past manipulated values, silver will shoot through the roof. Silver has already outperformed gold in the past 8-10 years.
labestiol
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September 08, 2012, 10:45:37 PM
 #3150

Sorry guys, there's quite a long history which contradicts with you.
Not saying you're wrong that other metals/commodities will also shoot up, but gold also will (and I agree that silver/gold ratio will probably go lower in the long term, for basics fundamental reasons).
And no, gold is not yet in a bubble. You could argue that it was in some sort of short term bubble a year ago, like silver a year and a half ago, but it popped, and now we are at the bottom.

http://www.npr.org/blogs/money/2011/02/15/131430755/a-chemist-explains-why-gold-beat-out-lithium-osmium-einsteinium.

This article is a good answer to the "Why Gold ?" question. Just the best properties as a store of value, selected by a long experiment (thousands of years).
That's the reason why the "Gold line" is an easy push : It's an optimal choice. It is the best kind of money people have found in History*.
For the comparison with say copper or silver : Try to pass borders with years of saving in silver or copper, you'll understand the issue (though silver is probably not that bad if you're not too wealthy).

And I also don't think everyone and their mother own gold, that's just false. They own paper, in various forms (most of them denominated in USD). And they will be the one to suffer.
Never forget, there's two component in the price of gold (or any price) : Value of gold/Value of USD. What we are seeing is not that much a rise in value of gold, it's more a loss in the value of the USD.
I'm not sure USD is gonna implode btw. That's the catastrophic scenario, if they can't prevent hyperinflation. But I'm sure it'll loose a lot more value in the next decades. So yep, the price will shoot to numbers which seems totally absurds, even if the value of gold stays the same.

* : And before cypherdoc comes saying that there's a better money, which is called bitcoin : Bitcoin had been created/discovered, and some of us recognize its superior properties. Now we have to wait for it to be selected by mankind.

 

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labestiol
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September 08, 2012, 11:37:45 PM
 #3151

What's interesting is that there's been for example Bill Murphy from gata quoting "insider" sources doing bold (crazy ? stupid ?) predictions, like 100% upside in 90 days.  (link). And from what I know he's not a "gold to the moon tomorrow" kind of analyst.
Time will tell I guess.

A follow up on Bill Murphy. First, his "bold predictions" were made at the beginning of August. With the breakout last three weeks, it now sounds a lot less crazy.
He was in Capital Account this week, a really good interview, especially if you've never heard about him. And anyway, Lauren Lyster makes Capital Account always nice to watch  Tongue

http://www.youtube.com/watch?v=sxVsosT3GAw

Tough to know if all these manipulation allegations are 100% true, but honestly, I wouldn't be shocked (quite the opposite)

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bitcoinbear
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September 08, 2012, 11:43:23 PM
 #3152



BTC seems to be holding steady, after the 35% crash, in the 10-11 range.


It was not a crash, but a sudden spike which was quickly corrected.

CryptoNote needs you! Join the elite merged mining forces right now here in Fantomcoin topic: https://bitcointalk.org/index.php?topic=598823.0
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September 09, 2012, 05:43:21 AM
 #3153


* : And before cypherdoc comes saying that there's a better money, which is called bitcoin : Bitcoin had been created/discovered, and some of us recognize its superior properties. Now we have to wait for it to be selected by mankind.

 


but labestiol, there's a better money, which is called bitcoin.  Grin
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September 09, 2012, 05:44:31 AM
 #3154

What's interesting is that there's been for example Bill Murphy from gata quoting "insider" sources doing bold (crazy ? stupid ?) predictions, like 100% upside in 90 days.  (link). And from what I know he's not a "gold to the moon tomorrow" kind of analyst.
Time will tell I guess.

A follow up on Bill Murphy. First, his "bold predictions" were made at the beginning of August. With the breakout last three weeks, it now sounds a lot less crazy.
He was in Capital Account this week, a really good interview, especially if you've never heard about him. And anyway, Lauren Lyster makes Capital Account always nice to watch  Tongue

http://www.youtube.com/watch?v=sxVsosT3GAw

Tough to know if all these manipulation allegations are 100% true, but honestly, I wouldn't be shocked (quite the opposite)

as a former subscriber of Le Metropole Cafe, he's been calling for a ramp for years.  what do they say about a broken clock?
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September 09, 2012, 06:14:58 AM
 #3155

as a former subscriber of Le Metropole Cafe, he's been calling for a ramp for years.  what do they say about a broken clock?

Heard some whispers about some major information coming out in the next 2-3 weeks.

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September 09, 2012, 09:20:25 AM
 #3156

What's interesting is that there's been for example Bill Murphy from gata quoting "insider" sources doing bold (crazy ? stupid ?) predictions, like 100% upside in 90 days.  (link). And from what I know he's not a "gold to the moon tomorrow" kind of analyst.
Time will tell I guess.

A follow up on Bill Murphy. First, his "bold predictions" were made at the beginning of August. With the breakout last three weeks, it now sounds a lot less crazy.
He was in Capital Account this week, a really good interview, especially if you've never heard about him. And anyway, Lauren Lyster makes Capital Account always nice to watch  Tongue

http://www.youtube.com/watch?v=sxVsosT3GAw

Tough to know if all these manipulation allegations are 100% true, but honestly, I wouldn't be shocked (quite the opposite)

as a former subscriber of Le Metropole Cafe, he's been calling for a ramp for years.  what do they say about a broken clock?

Well just as bitcoin doesn't turn into $1000 per coin over night, the same too applies to PMs. Patience and long term investing.

███████████████████████████████████████

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. ★☆ WWW.LEALANA.COM        My PGP fingerprint is A764D833.        SMOOTHIE'S HEALTH AND FITNESS JOURNAL          History of Monero development Visualization ★☆ .
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labestiol
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September 09, 2012, 09:36:56 AM
 #3157

What's interesting is that there's been for example Bill Murphy from gata quoting "insider" sources doing bold (crazy ? stupid ?) predictions, like 100% upside in 90 days.  (link). And from what I know he's not a "gold to the moon tomorrow" kind of analyst.
Time will tell I guess.

A follow up on Bill Murphy. First, his "bold predictions" were made at the beginning of August. With the breakout last three weeks, it now sounds a lot less crazy.
He was in Capital Account this week, a really good interview, especially if you've never heard about him. And anyway, Lauren Lyster makes Capital Account always nice to watch  Tongue

http://www.youtube.com/watch?v=sxVsosT3GAw

Tough to know if all these manipulation allegations are 100% true, but honestly, I wouldn't be shocked (quite the opposite)

as a former subscriber of Le Metropole Cafe, he's been calling for a ramp for years.  what do they say about a broken clock?

Well just as bitcoin doesn't turn into $1000 per coin over night, the same too applies to PMs. Patience and long term investing.

No, this time it's different Grin
What he is basically implying is that other big players are squeezing them. They know they will go under, and they are fleecing them.
And I guess the "major information" people are whispering should be the result of the CFTC investigation on market manipulation.

If all this is true, then metals could shoot up quite fast. If JPM goes under, so does SLV. And it could drag GLD/HSBC with them. Would be a BIG shitstorm.

Again, last 3 weeks action makes a big short squeeze somewhat plausible. Interesting also to note that the big moves last two weeks where on Fridays (betting on a bankruptcy during the week end ?)

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cypherdoc
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September 09, 2012, 10:07:07 AM
 #3158

What's interesting is that there's been for example Bill Murphy from gata quoting "insider" sources doing bold (crazy ? stupid ?) predictions, like 100% upside in 90 days.  (link). And from what I know he's not a "gold to the moon tomorrow" kind of analyst.
Time will tell I guess.

A follow up on Bill Murphy. First, his "bold predictions" were made at the beginning of August. With the breakout last three weeks, it now sounds a lot less crazy.
He was in Capital Account this week, a really good interview, especially if you've never heard about him. And anyway, Lauren Lyster makes Capital Account always nice to watch  Tongue

http://www.youtube.com/watch?v=sxVsosT3GAw

Tough to know if all these manipulation allegations are 100% true, but honestly, I wouldn't be shocked (quite the opposite)

as a former subscriber of Le Metropole Cafe, he's been calling for a ramp for years.  what do they say about a broken clock?

Well just as bitcoin doesn't turn into $1000 per coin over night, the same too applies to PMs. Patience and long term investing.

No, this time it's different Grin
What he is basically implying is that other big players are squeezing them. They know they will go under, and they are fleecing them.
And I guess the "major information" people are whispering should be the result of the CFTC investigation on market manipulation.

If all this is true, then metals could shoot up quite fast. If JPM goes under, so does SLV. And it could drag GLD/HSBC with them. Would be a BIG shitstorm.

Again, last 3 weeks action makes a big short squeeze somewhat plausible. Interesting also to note that the big moves last two weeks where on Fridays (betting on a bankruptcy during the week end ?)



How would you know what he's referring to?
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September 09, 2012, 10:10:51 AM
 #3159

If JPM goes under, so does SLV. And it could drag GLD/HSBC with them. Would be a BIG shitstorm.

If JPM goes under, half of the EBT cards in American goes with them.

That's JPM's insurance policy. They'll be the last to fall.
labestiol
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September 09, 2012, 10:22:48 AM
 #3160

How would you know what he's referring to?

I don't know, just my best guess. I would be happy to have sunnankar opinion on that.
Hell, two years ago I was completely illiterate in economy/finance. And I love wearing tinfoil hats. So I'm sure I could very well be wrong.

If JPM goes under, so does SLV. And it could drag GLD/HSBC with them. Would be a BIG shitstorm.

If JPM goes under, half of the EBT cards in American goes with them.

That's JPM's insurance policy. They'll be the last to fall.

I agree with that, that's why I'm still using conditionals and "If this is true" kind of sentence everywhere.
I have troubles seeing these houses of cards falling. But I do think they will at some point.
I also have problems thinking the CFTC will throw them under the bus. But stranger things have happened.

1BestioLC7YBVh8Q5LfH6RYURD6MrpP8y6
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