Bitcoin Forum
December 09, 2016, 12:07:43 AM *
News: To be able to use the next phase of the beta forum software, please ensure that your email address is correct/functional.
 
   Home   Help Search Donate Login Register  
Poll
Question: Will you support Gavin's new block size limit hard fork of 8MB by January 1, 2016 then doubling every 2 years?
1.  yes
2.  no

Pages: « 1 ... 162 163 164 165 166 167 168 169 170 171 172 173 174 175 176 177 178 179 180 181 182 183 184 185 186 187 188 189 190 191 192 193 194 195 196 197 198 199 200 201 202 203 204 205 206 207 208 209 210 211 [212] 213 214 215 216 217 218 219 220 221 222 223 224 225 226 227 228 229 230 231 232 233 234 235 236 237 238 239 240 241 242 243 244 245 246 247 248 249 250 251 252 253 254 255 256 257 258 259 260 261 262 ... 1560 »
  Print  
Author Topic: Gold collapsing. Bitcoin UP.  (Read 1806573 times)
notme
Legendary
*
Offline Offline

Activity: 1526


View Profile
February 15, 2013, 11:39:58 PM
 #4221

over the last two years I have grown to loathe gold and silver in every non-shiny, non-tangible shape and form.

That's one of the objectives pursued through authority "open" market operations, since almost nobody in the West gets the difference between non-shiny and tangible.

over the years, the tsunami should build as the shift begins.

Amen to that.

Maybe the masses have more trust in electronic means of exchange than I assumed...  It doesn't matter to most how it works, so long as it works for someone they know.

https://www.bitcoin.org/bitcoin.pdf
While no idea is perfect, some ideas are useful.
12jh3odyAAaR2XedPKZNCR4X4sebuotQzN
1481242063
Hero Member
*
Offline Offline

Posts: 1481242063

View Profile Personal Message (Offline)

Ignore
1481242063
Reply with quote  #2

1481242063
Report to moderator
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
tvbcof
Legendary
*
Online Online

Activity: 1988


View Profile
February 16, 2013, 12:19:59 AM
 #4222

even if you're right about sentiment it doesn't mean it's going to get any  better.  in fact, it's likely to get much worse.

About the only way it could get worse is if central banks, Chinese, Indians, and Russians were to dump all the physical gold they've accumulated. The exhaustion spike is due, and that's just the paper game unfolding - the tail wagging the dog for just a little bit longer.

Where is the supply of real metal coming from?

look.  we're at $1600/oz.  it could get alot worse.

and just how much delight would Ben and the Wall St banks get from a forced selloff in gold?

I think we all agree that BTC has a vastly higher upside potential than gold.

One of the places were gold has an edge is that Bitcoin is a concept and a block chain.  The concept is now out there, and there are plenty of places where different implementations could end up having some popular advantages.

There is no difference between the Bitcoin blockchain and others except for a first-move advantage.

Gold on the other hand is a unique atomic structure and the only way of replicating it currently costs vastly more than it's value.  True, it has a first-move mindshare advantage as well, but it's been proven over an amazingly long time.  Unlike the Bitcoin blockchain.

All this is to say that Bitcoin has certain risks even if it does not fail do to internet transport molestation or architectural failures.

As always, I balance my portfolio based on these risk/rewards as I see them and continue to have felt no inclination to change that balance for the last year and a half.  That's just me though.  If I had only just heard of Bitcoin and had no BTC, it is almost certain that I would liquidate some of my PM's to take on a BTC position.


thefiniteidea
Hero Member
*****
Offline Offline

Activity: 521


"In Us We Trust"


View Profile
February 16, 2013, 02:46:09 AM
 #4223

Asteroid Mining

"Gold has intrinsic properties that make it valuable. However, it does not have intrinsic value."

Gold is valuable because it is rare, making it more difficult to mine. Thus, it has a very long record of demand, further supporting its value.

However, will gold be just as valuable when we can mine substantial amounts of it? With asteroid mining becoming more of a reality in the next 50 years, gold may very well lose its status as one of the more popular stores of wealth.


I wonder what will take it's place? hmm...  Cheesy

xxjs
Sr. Member
****
Offline Offline

Activity: 280


View Profile
February 16, 2013, 04:07:10 PM
 #4224

So gold is going down, but why? I don't understand it.
lebing
Legendary
*
Offline Offline

Activity: 1274


Bitcoin: The honey badger of currencies


View Profile
February 16, 2013, 06:30:54 PM
 #4225

So gold is going down, but why? I don't understand it.

Electronic forms of gold are going down (because there are widespread rumors that there is not as much gold as they say they have in reserves) and hence the world price is going down.

Bro, do you even blockchain?
-E Voorhees
tvbcof
Legendary
*
Online Online

Activity: 1988


View Profile
February 16, 2013, 09:24:50 PM
 #4226

So gold is going down, but why? I don't understand it.

Electronic forms of gold are going down (because there are widespread rumors that there is not as much gold as they say they have in reserves) and hence the world price is going down.

If one is interested in obtaining physical, it is a delightful thing to have the price dragged down by paper market artifacts.  This has happened again and again over the last decade, and it has served me very well.


conspirosphere.tk
Legendary
*
Offline Offline

Activity: 1862


Revolution will be decentralized


View Profile WWW
February 16, 2013, 10:00:55 PM
 #4227

chart of the day:



(I did not sold all my gold for BTC 1 year ago and I was wrong. But even now I sleep much better holding gold)

other chart of the day, from: http://www.marketoracle.co.uk/Article39037.html :


marcus_of_augustus
Legendary
*
Offline Offline

Activity: 2100



View Profile
February 16, 2013, 10:42:56 PM
 #4228

So gold is going down, but why? I don't understand it.

Electronic forms of gold are going down (because there are widespread rumors that there is not as much gold as they say they have in reserves) and hence the world price is going down.

If one is interested in obtaining physical, it is a delightful thing to have the price dragged down by paper market artifacts.  This has happened again and again over the last decade, and it has served me very well.

At some point the physical market will disconnect from the paper/digital gold markets.

There will be an independent quote of gold coin market averages that differs from the "official" gold spot price (which may have 7 years delivery delays and other hooks attached, etc).

xxjs
Sr. Member
****
Offline Offline

Activity: 280


View Profile
February 17, 2013, 12:38:49 AM
 #4229

So gold is going down, but why? I don't understand it.

Electronic forms of gold are going down (because there are widespread rumors that there is not as much gold as they say they have in reserves) and hence the world price is going down.

If one is interested in obtaining physical, it is a delightful thing to have the price dragged down by paper market artifacts.  This has happened again and again over the last decade, and it has served me very well.

At some point the physical market will disconnect from the paper/digital gold markets.

There will be an independent quote of gold coin market averages that differs from the "official" gold spot price (which may have 7 years delivery delays and other hooks attached, etc).
Interesting view.
cypherdoc
Legendary
*
Offline Offline

Activity: 1764



View Profile
February 17, 2013, 02:38:29 AM
 #4230

So gold is going down, but why? I don't understand it.

Electronic forms of gold are going down (because there are widespread rumors that there is not as much gold as they say they have in reserves) and hence the world price is going down.

If one is interested in obtaining physical, it is a delightful thing to have the price dragged down by paper market artifacts.  This has happened again and again over the last decade, and it has served me very well.

At some point the physical market will disconnect from the paper/digital gold markets.

There will be an independent quote of gold coin market averages that differs from the "official" gold spot price (which may have 7 years delivery delays and other hooks attached, etc).
Interesting view.


i think they are all going to be wrong on this.
Melbustus
Legendary
*
Offline Offline

Activity: 1554



View Profile
February 17, 2013, 08:00:55 AM
 #4231

chart of the day:



(I did not sold all my gold for BTC 1 year ago and I was wrong. But even now I sleep much better holding gold)

other chart of the day, from: http://www.marketoracle.co.uk/Article39037.html :




I'd like to see these on greater timescales. Those charts are pretty interesting and clearly show that the relationship has tightly held for the past 15yrs or so. But what about the 1970s or 80s? I don't recall (cuz I was in grade-school), but I doubt the debt-ceiling was DEcreased in the 80s when the gold price dropped.

Bitcoin is the first monetary system to credibly offer perfect information to all economic participants.
But Bitcointalk & /r/bitcoin are heavily censored. bitco.in/forum, forum.bitcoin.com, and /r/btc are open.
Best info on Casascius coins: http://spotcoins.com/casascius
molecular
Donator
Legendary
*
Offline Offline

Activity: 2142



View Profile
February 17, 2013, 10:57:07 AM
 #4232

So gold is going down, but why? I don't understand it.

Electronic forms of gold are going down (because there are widespread rumors that there is not as much gold as they say they have in reserves) and hence the world price is going down.

If one is interested in obtaining physical, it is a delightful thing to have the price dragged down by paper market artifacts.  This has happened again and again over the last decade, and it has served me very well.

At some point the physical market will disconnect from the paper/digital gold markets.

There will be an independent quote of gold coin market averages that differs from the "official" gold spot price (which may have 7 years delivery delays and other hooks attached, etc).

Well said and I agree. Bullion dealers will simply adjust their premiums. This happens because there will be shortages and what do you do when your supply is going too fast? Right, you adjust your price.


PGP key molecular F9B70769 fingerprint 9CDD C0D3 20F8 279F 6BE0  3F39 FC49 2362 F9B7 0769
Vladimir
Hero Member
*****
Offline Offline

Activity: 812


-


View Profile
February 18, 2013, 12:44:47 AM
 #4233

So gold is going down, but why? I don't understand it.

Electronic forms of gold are going down (because there are widespread rumors that there is not as much gold as they say they have in reserves) and hence the world price is going down.

If one is interested in obtaining physical, it is a delightful thing to have the price dragged down by paper market artifacts.  This has happened again and again over the last decade, and it has served me very well.

At some point the physical market will disconnect from the paper/digital gold markets.

There will be an independent quote of gold coin market averages that differs from the "official" gold spot price (which may have 7 years delivery delays and other hooks attached, etc).

Well said and I agree. Bullion dealers will simply adjust their premiums. This happens because there will be shortages and what do you do when your supply is going too fast? Right, you adjust your price.

  Absolutely!. I cannot agree more with what you guys said. This is indeed a long held conviction of "proper" gold bugs. Physical gold only is to be held. The price of paper gold will eventually reflect the price of assets that is backing it. How much tungsten worth these days? I've heard prices on tungsten are rising too.  Wink

  It seems that disconnect in prices between paper and real gold is bound to happen sooner or later. One cannot lie to all the people on the planet indefinitely. Sooner or later the market as a price discovery mechanism will discover the true price of paper gold.

  Gold is very much similar to Bitcoin in this regard. You do not hold it in your hands you do not own it.

-
miscreanity
Legendary
*
Offline Offline

Activity: 1078


View Profile
February 18, 2013, 09:41:18 PM
 #4234

At some point the physical market will disconnect from the paper/digital gold markets.

There will be an independent quote of gold coin market averages that differs from the "official" gold spot price (which may have 7 years delivery delays and other hooks attached, etc).
Well said and I agree. Bullion dealers will simply adjust their premiums. This happens because there will be shortages and what do you do when your supply is going too fast? Right, you adjust your price.

Look at this from a different angle: assume legislative controls have been set in place, locking prices of all goods, and declaring no business may charge greater than a 5% premium on any good.

If the premium had previously been 10% on gold, then the price of gold will be the same as it was before (price controls), and the 5% premium would ensure that any dealers unable to stay in business at that level would run out of stock or close. In addition, those businesses remaining would be unable to acquire supply if any competition outside of the country were to arise, as having a frozen premium rate means room for negotiating on cost is non-existent.

Put simply: we have a choice of rising prices or increasing shortages. Price stability makes government look good; shortages make businesses look bad. Politicians can blame businessmen and assume greater control over industry.
molecular
Donator
Legendary
*
Offline Offline

Activity: 2142



View Profile
February 19, 2013, 06:51:14 AM
 #4235

At some point the physical market will disconnect from the paper/digital gold markets.

There will be an independent quote of gold coin market averages that differs from the "official" gold spot price (which may have 7 years delivery delays and other hooks attached, etc).
Well said and I agree. Bullion dealers will simply adjust their premiums. This happens because there will be shortages and what do you do when your supply is going too fast? Right, you adjust your price.

Look at this from a different angle: assume legislative controls have been set in place, locking prices of all goods, and declaring no business may charge greater than a 5% premium on any good.

If the premium had previously been 10% on gold, then the price of gold will be the same as it was before (price controls), and the 5% premium would ensure that any dealers unable to stay in business at that level would run out of stock or close. In addition, those businesses remaining would be unable to acquire supply if any competition outside of the country were to arise, as having a frozen premium rate means room for negotiating on cost is non-existent.

Put simply: we have a choice of rising prices or increasing shortages. Price stability makes government look good; shortages make businesses look bad. Politicians can blame businessmen and assume greater control over industry.

Empty shelves don't make politicians look good. Price fixing never works, I assume we agree on that, and fixing price too low will inevitably lead to shortages. So what are you saying? This "legaslation" would happen at some point for gold (for all goods?)? The military police will force farmers to grow food for low prices? Noone would be a farmer any more. That's no viable option, that's deliberate destruction of the economy.

Put simply: your option of increasing shortages is not really an option.

It might be continuing for gold (those paper gold markets are just a way to "fix" the price of gold artificially low) for a while and the buyers of physical are going to continue to be happy about that. It's not sustainable, though: the free market will win.

PGP key molecular F9B70769 fingerprint 9CDD C0D3 20F8 279F 6BE0  3F39 FC49 2362 F9B7 0769
smoothie
Legendary
*
Offline Offline

Activity: 1848


LEALANA Monero Physical Silver Coins


View Profile
February 19, 2013, 07:06:36 AM
 #4236

Cypher,

Stop slacking! You need to post now that we are at 599% and counting....rising...etc.

 Cheesy Cheesy Cheesy

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

            ,╓p@@███████@╗╖,           
        ,p████████████████████N,       
      d█████████████████████████b     
    d██████████████████████████████æ   
  ,████²█████████████████████████████, 
 ,█████  ╙████████████████████╨  █████y
 ██████    `████████████████`    ██████
║██████       Ñ███████████`      ███████
███████         ╩██████Ñ         ███████
███████    ▐▄     ²██╩     a▌    ███████
╢██████    ▐▓█▄          ▄█▓▌    ███████
 ██████    ▐▓▓▓▓▌,     ▄█▓▓▓▌    ██████─
           ▐▓▓▓▓▓▓█,,▄▓▓▓▓▓▓▌          
           ▐▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▌          
    ▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓─  
     ²▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓╩    
        ▀▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▀       
           ²▀▀▓▓▓▓▓▓▓▓▓▓▓▓▀▀`          
                   ²²²                 
███████████████████████████████████████

. ★☆ WWW.LEALANA.COM        My PGP fingerprint is A764D833.        SMOOTHIE'S HEALTH AND FITNESS JOURNAL          History of Monero development Visualization ★☆ .
LEALANA  PHYSICAL MONERO COINS 999 FINE SILVER.
 
cypherdoc
Legendary
*
Offline Offline

Activity: 1764



View Profile
February 19, 2013, 01:39:54 PM
 #4237

Cypher,

Stop slacking! You need to post now that we are at 599% and counting....rising...etc.

 Cheesy Cheesy Cheesy

Yawn.   I'm bored.  Wink

I guess selling all my silver back in early 2011 wasn't such a bad idea after all,  eh?

Seriously though, I decided to buy a couple of avalons,  so I've been busy in the mining forum.  

Asics going to blow this thing wide open.
cypherdoc
Legendary
*
Offline Offline

Activity: 1764



View Profile
February 19, 2013, 01:46:23 PM
 #4238

The Silver parity Thunderclap is going to cause a Slingshot Effect  Wink
paraipan
Legendary
*
Offline Offline

Activity: 924


Firstbits: 1pirata


View Profile WWW
February 19, 2013, 03:08:50 PM
 #4239

...

Seriously though, I decided to buy a couple of avalons,  so I've been busy in the mining forum.  

Asics going to blow this thing wide open.

Yep, me too. Now let's hope the guy delivers  Cool

BTCitcoin: An Idea Worth Saving - Q&A with bitcoins on rugatu.com - Check my rep
cypherdoc
Legendary
*
Offline Offline

Activity: 1764



View Profile
February 19, 2013, 03:33:51 PM
 #4240

Gold and Silver down; Bitcoin UP.
Pages: « 1 ... 162 163 164 165 166 167 168 169 170 171 172 173 174 175 176 177 178 179 180 181 182 183 184 185 186 187 188 189 190 191 192 193 194 195 196 197 198 199 200 201 202 203 204 205 206 207 208 209 210 211 [212] 213 214 215 216 217 218 219 220 221 222 223 224 225 226 227 228 229 230 231 232 233 234 235 236 237 238 239 240 241 242 243 244 245 246 247 248 249 250 251 252 253 254 255 256 257 258 259 260 261 262 ... 1560 »
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!