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Author Topic: Gold collapsing. Bitcoin UP.  (Read 2022182 times)
miscreanity
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November 14, 2012, 08:56:55 PM
 #3581

since i couldn't get a short off on GPL due to no shares available, i've shorted SkRRJyTC's AG; First Majestic today.

LOL

Being in at ~$2/share from a few years ago, I won't be selling any AG soon. Not that I'll be buying more, either - I'd rather stay in the Bitcoin economy.
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tvbcof
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November 15, 2012, 06:09:43 AM
 #3582

since i couldn't get a short off on GPL due to no shares available, i've shorted SkRRJyTC's AG; First Majestic today.

LOL

Being in at ~$2/share from a few years ago, I won't be selling any AG soon. Not that I'll be buying more, either - I'd rather stay in the Bitcoin economy.

I diversified into a 10 ton crane on a semi sized truck.  And, unhappily, a class-A commercial drivers license which I'll be keeping secret so people don't try to rope me into driving their trucks.  Part of the justification would be to have something to pull the excavator which silverbox and I were discussing 100 pages back in this thread, and which I have not yet identified.  My hope is that I can get such a machine for a Krugerrand or two...or better yet a couple of BTC if I can hold out that long before legitimately needing the thing.


silverbox
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November 15, 2012, 01:01:42 PM
 #3583

since i couldn't get a short off on GPL due to no shares available, i've shorted SkRRJyTC's AG; First Majestic today.

LOL

Being in at ~$2/share from a few years ago, I won't be selling any AG soon. Not that I'll be buying more, either - I'd rather stay in the Bitcoin economy.

I diversified into a 10 ton crane on a semi sized truck.  And, unhappily, a class-A commercial drivers license which I'll be keeping secret so people don't try to rope me into driving their trucks.  Part of the justification would be to have something to pull the excavator which silverbox and I were discussing 100 pages back in this thread, and which I have not yet identified.  My hope is that I can get such a machine for a Krugerrand or two...or better yet a couple of BTC if I can hold out that long before legitimately needing the thing.



Nice!  I have been thinking about getting a new front bumper and a winch for my truck Smiley  I haven't bitten the ClassA bullet, my brother in law has one Wink
cypherdoc
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November 15, 2012, 04:23:58 PM
 #3584

Naw I'm not selling Wink.  I bought some GPL today actually!

The Fed is still printing..

already down...
cypherdoc
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November 15, 2012, 06:09:54 PM
 #3585

were you trapped at the top here?:



here?:



or here?:



heaven help you.
tvbcof
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November 15, 2012, 06:44:28 PM
 #3586


I diversified into a 10 ton crane on a semi sized truck.

...


Nice!  I have been thinking about getting a new front bumper and a winch for my truck Smiley  I haven't bitten the ClassA bullet, my brother in law has one Wink

I've got just the thing for you!  The truck had a home-made set of outriggers.  They weigh about 1000 lbs and are very heavily built.  They were very handy when I changed the front wheels.  They hung way over the front wheels and had very bad clearance so I removed them and mounted a standard-ish bumper as I don't need to or expect to need to work off the front of the truck very much.

(Just kidding, BTW...they are pretty unsatisfactory for almost anything but one could put a 40,000 lb winch on it and remove the cylinders to make a couple of log splitters...)


SkRRJyTC
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November 15, 2012, 07:26:14 PM
 #3587

Gold and silver are going to go under their lows from 5 days ago (~1740 or ~34), but not below major support at ~1650 or ~30, before continuing to higher highs.

Just thought I should put one of my predictions to the test as well as bashing Cypher's Tongue

Under 1740 and 34... now to find support above 1650 and 30. Cheesy

Time for the continuing to higher highs part.  We wont go under 1650 or 30.
silverbox
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November 15, 2012, 07:36:36 PM
 #3588

Naw I'm not selling Wink.  I bought some GPL today actually!

The Fed is still printing..

already down...

Its fine, I'm not all the way back in yet, if it goes lower, I'll just buy back in all the way, or maybe even establish a bigger position Wink
notme
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November 15, 2012, 08:47:46 PM
 #3589

Naw I'm not selling Wink.  I bought some GPL today actually!

The Fed is still printing..

already down...

Its fine, I'm not all the way back in yet, if it goes lower, I'll just buy back in all the way, or maybe even establish a bigger position Wink

Just make sure you have a bandaid close by.  You're hand may get bloody.

https://www.bitcoin.org/bitcoin.pdf
While no idea is perfect, some ideas are useful.
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thirdchance57
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November 16, 2012, 01:28:53 AM
 #3590

been buying gold and silver (maiinly silver) since 2008. when i discovered the silk road and realized btc is the future i have considered selling my physical gold and buying btc or btc mining equipment. but i will not sell my physical silver.

+ 1 for selling gold for btc

cypherdoc
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November 16, 2012, 07:06:19 AM
 #3591

been buying gold and silver (maiinly silver) since 2008. when i discovered the silk road and realized btc is the future i have considered selling my physical gold and buying btc or btc mining equipment. but i will not sell my physical silver.

+ 1 for selling gold for btc

  Cheesy

Now why won't WordPress accept gold?
myself
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chaos is fun...…damental :)


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November 16, 2012, 11:46:41 AM
 #3592

been buying gold and silver (maiinly silver) since 2008. when i discovered the silk road and realized btc is the future i have considered selling my physical gold and buying btc or btc mining equipment. but i will not sell my physical silver.

+ 1 for selling gold for btc

  Cheesy

Now why won't WordPress accept gold?
a more serious point is why ppl dont rush to get credit cards backed by gold accounts ?

Los desesperados publican que lo inventó el rey que rabió, porque todo son en el rabias y mas rabias, disgustos y mas disgustos, pezares y mas pezares; si el que compra algunas partidas vé que baxan, rabia de haver comprado; si suben, rabia de que no compró mas; si compra, suben, vende, gana y buelan aun á mas alto precio del que ha vendido; rabia de que vendió por menor precio: si no compra ni vende y ván subiendo, rabia de que haviendo tenido impulsos de comprar, no llegó á lograr los impulsos; si van baxando, rabia de que, haviendo tenido amagos de vender, no se resolvió á gozar los amagos; si le dan algun consejo y acierta, rabia de que no se lo dieron antes; si yerra, rabia de que se lo dieron; con que todo son inquietudes, todo arrepentimientos, tododelirios, luchando siempre lo insufrible con lo feliz, lo indomito con lo tranquilo y lo rabioso con lo deleytable.
molecular
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November 16, 2012, 12:48:36 PM
 #3593

been buying gold and silver (maiinly silver) since 2008. when i discovered the silk road and realized btc is the future i have considered selling my physical gold and buying btc or btc mining equipment. but i will not sell my physical silver.

+ 1 for selling gold for btc

  Cheesy

Now why won't WordPress accept gold?
a more serious point is why ppl dont rush to get credit cards backed by gold accounts ?

gold accounts have 3rd party risk. It's not like you can load up your gold card shortly before each purchase like you could with a bitcoin card.

PGP key molecular F9B70769 fingerprint 9CDD C0D3 20F8 279F 6BE0  3F39 FC49 2362 F9B7 0769
myself
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chaos is fun...…damental :)


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November 16, 2012, 01:40:25 PM
 #3594

been buying gold and silver (maiinly silver) since 2008. when i discovered the silk road and realized btc is the future i have considered selling my physical gold and buying btc or btc mining equipment. but i will not sell my physical silver.

+ 1 for selling gold for btc

  Cheesy

Now why won't WordPress accept gold?
a more serious point is why ppl dont rush to get credit cards backed by gold accounts ?

gold accounts have 3rd party risk. It's not like you can load up your gold card shortly before each purchase like you could with a bitcoin card.

i said credit card not pre-paid card

Los desesperados publican que lo inventó el rey que rabió, porque todo son en el rabias y mas rabias, disgustos y mas disgustos, pezares y mas pezares; si el que compra algunas partidas vé que baxan, rabia de haver comprado; si suben, rabia de que no compró mas; si compra, suben, vende, gana y buelan aun á mas alto precio del que ha vendido; rabia de que vendió por menor precio: si no compra ni vende y ván subiendo, rabia de que haviendo tenido impulsos de comprar, no llegó á lograr los impulsos; si van baxando, rabia de que, haviendo tenido amagos de vender, no se resolvió á gozar los amagos; si le dan algun consejo y acierta, rabia de que no se lo dieron antes; si yerra, rabia de que se lo dieron; con que todo son inquietudes, todo arrepentimientos, tododelirios, luchando siempre lo insufrible con lo feliz, lo indomito con lo tranquilo y lo rabioso con lo deleytable.
miscreanity
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November 16, 2012, 02:25:31 PM
 #3595

gold accounts have 3rd party risk. It's not like you can load up your gold card shortly before each purchase like you could with a bitcoin card.
i said credit card not pre-paid card

There.

Gold is best for settling very large balances. The smaller the account, the more risk is assumed by the client due to the need for trusting the service provider.
cypherdoc
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November 16, 2012, 03:14:55 PM
 #3596

gold accounts have 3rd party risk. It's not like you can load up your gold card shortly before each purchase like you could with a bitcoin card.
i said credit card not pre-paid card

There.

Gold is best for settling very large balances. The smaller the account, the more risk is assumed by the client due to the need for trusting the service provider.

no, its not there.

why can't Bitcoin be used for the same purposes?  besides, most cc users are small-fry making gold backing impractical.  as chodpaba is fond of saying, once u put an abstraction layer btwn gold and a paper promise u introduce unacceptable counterparty risk.

edit:  oops.  i missed that bolded edit u inserted.  perhaps i misunderstood u.
cypherdoc
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November 16, 2012, 04:10:28 PM
 #3597



cypherdoc
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November 16, 2012, 04:12:49 PM
 #3598

i have a new slogan:

Bitcoin UP, everything else DOWN.
molecular
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November 16, 2012, 06:16:54 PM
 #3599

gold accounts have 3rd party risk. It's not like you can load up your gold card shortly before each purchase like you could with a bitcoin card.
i said credit card not pre-paid card

There.

Gold is best for settling very large balances. The smaller the account, the more risk is assumed by the client due to the need for trusting the service provider.

no, its not there.

why can't Bitcoin be used for the same purposes?  besides, most cc users are small-fry making gold backing impractical.  as chodpaba is fond of saying, once u put an abstraction layer btwn gold and a paper promise u introduce unacceptable counterparty risk.

edit:  oops.  i missed that bolded edit u inserted.  perhaps i misunderstood u.

that was not an insert, but an emphasis

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conspirosphere.tk
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November 16, 2012, 07:02:34 PM
 #3600

a more serious point is why ppl dont rush to get credit cards backed by gold accounts ?

They should and now they can. See below

gold accounts have 3rd party risk. It's not like you can load up your gold card shortly before each purchase like you could with a bitcoin card.

Now you can, if you have internet access. See below

i said credit card not pre-paid card

I say: how about a Gold (or silver)-backed debit card and an offshore account in a bank who does not fractional reserve, with very low costs, owned by one of the most respected precious metals guys around, available only to non-US citizens?
Check out my link: http://tinyurl.com/astnu2j
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