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Author Topic: Gold collapsing. Bitcoin UP.  (Read 1804364 times)
sidhujag
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June 19, 2013, 03:27:21 AM
 #5181

Yeah that bear still has something left; possibly a bit more than the silver bulls expect. But I don't think the market's quite comfortable with sub-$22 at least for a little while.

I guess if I had paper, not real silver, I would be "comfortable" at any price. But real silver this volatile is crazy! I mean, they could just leverage 10x more and shoot silver down to $5 with paper sales. Methinks they're playing it safe. That recent takedown did a lot to illustrate the "paper vs. physical" issue which a lot of people still don't quite understand.

2008 showed that any correlation can break even paper vs physical gold.

All this was was jpm and hooligan friends selling taking stop losses and protecting wildly large paper shorts. A position size larger than any amount of physical gold available in all pf the world. It is this power that the govt isnhappy giving to us criminals such as jpm.

This is why i hate us banks and policy makers so much they tarnish a great country. Speculation should have a max leverage and jpm shouldnt br allowed to place naked shorts.
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miscreanity
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June 19, 2013, 03:06:14 PM
 #5182

It'll be cheaper when you get back.

Famous last words?
Jozzaboy
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June 19, 2013, 03:42:25 PM
 #5183

you want to watch 18 in silver it may be a bottom on first touch.

Btc usually does good when pms rise as of last year.

Yeah, massive support at 18.

Will be interesting.
Silver is preparing for a major breakout, short-mid term

It's killing me. I'm trapped on a boat for another week and dying to go back to civilisation and purchase silver.

Check out Silvervault, there you can buy physical real easy. In 2 months we update funding your acct w/ bitcoin, so then you can switch gold-silver-btc-euro inside one service. The gold, silver and bitcoins are 100% physical in our vault (as an added bonus Wink ).

A lot of good my silver will do in your vault. I'd rather have it in my own safe Wink

BTC: 16whd9eNR8WY9nVhUUevNYMbQB2eS1jtYF
I also accept precious metals, no paper money please.
BitcoinAshley
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June 19, 2013, 04:08:47 PM
 #5184

2008 showed that any correlation can break even paper vs physical gold.

All this was was jpm and hooligan friends selling taking stop losses and protecting wildly large paper shorts. A position size larger than any amount of physical gold available in all pf the world. It is this power that the govt isnhappy giving to us criminals such as jpm.

This is why i hate us banks and policy makers so much they tarnish a great country. Speculation should have a max leverage and jpm shouldnt br allowed to place naked shorts.


They should not have a max leverage or be barred from placing naked shorts. They should simply be unregulated and not propped up if what they're doing fails.
Before the days of government controlling financial markets, banks could leverage 100-to-1, sure. They could leverage 1000-to-1. They could issue all the paper "silver" certs they wanted that were not backed up actual silver in a vault. How long can these banks last? Not long. They can probably get really big really fast, then fail just as quickly. So a lot of people would lose their money; and that is good - they shouldn't have trusted a counterparty so much and now they learned their expensive lesson.
Now, we have regulations specifically allowing banks to do these things, and then we have regulations (dodd-frank etc) that require bailouts and put the burden on either taxpayers or deposit holders (FDIC/ECB jointly authored formal strategy paper on deposit confiscation.)
All we have to do is let the economy work the way it was designed to work - based on market forces. But people think this is the way the PM market is "supposed to work" - i.e. positions in paper bigger than the entire physical volume - so they go along with it because the government allows it. It's an epidemic of trusting the government too much. So what we have here is basically "gold futures" and "gold futures," but one is called "gold." Or maybe futures isn't the correct description; it's some weird ponzi derivative scheme. Physical gold price isn't actually being treated as what it is.
cypherdoc
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June 19, 2013, 07:45:52 PM
 #5185

Gold collapsing. Bitcoin up.
cypherdoc
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June 19, 2013, 07:46:56 PM
 #5186

DZZ and ZSL liftoff.
cypherdoc
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June 19, 2013, 07:50:18 PM
 #5187

miscreanity,

iz it tim yet?:

just_me
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June 19, 2013, 07:58:10 PM
 #5188



Real Gold? I don't know why real Gold has much to do with bitcoin, but I don't know everything.

I am hoping Goldcoin goes up. https://bitcointalk.org/index.php?topic=231834.0

Today is the day that the Lord has made, lets be glad and rejoice in it
cypherdoc
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June 19, 2013, 08:44:23 PM
 #5189

actually, let me put the chart of the GDXJ junior mining ETF into full perspective since it's inception in Nov 2009.  here is the 5 yr chart encompassing it's complete history.

utter destruction:

BitcoinAshley
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June 19, 2013, 10:18:58 PM
 #5190

Yeah, screw Real Gold, I mean look at that ETF chart, DEFINITELY a bubble/worthless asset - I'm going to invest in GOLD COIN instead!

 Grin Grin Grin

(Lemme guess: Scammy alt-coin, copypasta of Bitcoin-qt?)
BitcoinAshley
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June 20, 2013, 03:22:36 AM
 #5191

Broke $1350, $1347 now, if we get much lower, I swear those 1/10ozt Ron Paul gold coins are going to start winking at me...  Wink Wink Wink

Oh, almost forgot...
Gold COLLAPSING (again.) Bitcoin stable.
Crypt_Current
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June 20, 2013, 05:31:29 AM
 #5192

Yeah, screw Real Gold, I mean look at that ETF chart, DEFINITELY a bubble/worthless asset - I'm going to invest in GOLD COIN instead!

 Grin Grin Grin

(Lemme guess: Scammy alt-coin, copypasta of Bitcoin-qt?)

I took one look at their forum and it somehow reminded me of later episodes of Seinfeld...

Like "is this for real?  or is it all tongue-in-cheek??"  Not quite sure what to think of GLDCOIN lol  Huh  Roll Eyes Cheesy Wink

10% off at CampBX for LIFE:  https://campbx.com/main.php?r=C9a5izBQ5vq  ----  Authorized BitVoucher MEGA reseller (& BTC donations appreciated):  https://bitvoucher.co/affl/1HkvK8o8WWDpCTSQGnek7DH9gT1LWeV5s3/
LTC:  LRL6vb6XBRrEEifB73DiEiYZ9vbRy99H41  NMC:  NGb2spdTGpWj8THCPyCainaXenwDhAW1ZT
sidhujag
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June 20, 2013, 06:49:37 AM
 #5193

actually, let me put the chart of the GDXJ junior mining ETF into full perspective since it's inception in Nov 2009.  here is the 5 yr chart encompassing it's complete history.

utter destruction:



volume tells me we are at a bottom on that chart
cypherdoc
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June 20, 2013, 09:17:35 AM
 #5194

Gold collapsing.  Bitcoin up.
worldinacoin
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June 20, 2013, 09:45:06 AM
 #5195

USD is also up, meaning Bitcoin now has now even more buying power.
cypherdoc
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June 20, 2013, 10:15:12 AM
 #5196

Silver collapsing. Bitcoin up.
cypherdoc
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June 20, 2013, 10:31:06 AM
 #5197

Silver collapsing. Bitcoin up.

Come on 18!

So why did you buy a bunch at 22?
Room101
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June 20, 2013, 10:39:57 AM
 #5198

yup gold just keeps going down, think i will just keep buying all the way down though. BTC is more useful than gold, but gold has 5000 years of history behind it. Both kick the sh*t out of the US dollar though, and it helps to have a hedge i think. At some point, when the world economy goes tits up, as it surely must, i think BTC will be valuable, but i KNOW gold will be. Plus it's hard to spend, so it stops me buying stupid shit, an affliction i have been cursed with at times........although i do want that surface pro....hmmmmmmmmmm.....hurry up haswell
johnyj
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June 20, 2013, 12:56:49 PM
 #5199

Bitcoin at least have some kind of payment function, gold and silver now works only as a speculation tool, now FED is going to tighten, the price immediately tanked

cypherdoc
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June 20, 2013, 01:01:44 PM
 #5200

Gold down over 4% right now.

Silver down over 7%.  Down goes 20.
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