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Author Topic: Gold collapsing. Bitcoin UP.  (Read 2032123 times)
btceic
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June 21, 2013, 12:59:30 AM
 #5241

relevant,
http://www.cnbc.com/id/100641133

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Many gold producers will struggle to stay afloat if the gold price slumps below $1,200 analysts have told CNBC, potentially putting the gold mining industry at severe risk beyond 2017, according to Goldman Sachs predictions.

♫ This situation, which side are you on? Are you getting out? Are you dropping bombs? Have you heard of diplomatic resolve? ♫ How To Run A Cheap Full Bitcoin Node For $19 A Year ♫ If I knew where it was, I would take you there. There’s much more than this. ♫ Track Your Bitcoins Value
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marcus_of_augustus
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June 21, 2013, 01:06:47 AM
 #5242

relevant,
http://www.cnbc.com/id/100641133

Quote
Many gold producers will struggle to stay afloat if the gold price slumps below $1,200 analysts have told CNBC, potentially putting the gold mining industry at severe risk beyond 2017, according to Goldman Sachs predictions.

This is the same signal I use to buy bitcoins and gold, silver, copper (zinc and nickel also) ... when price get near, at or below cost of production monetary goods are a steal Smiley .... dyodd.

btceic
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June 21, 2013, 01:10:36 AM
 #5243

relevant,
http://www.cnbc.com/id/100641133

Quote
Many gold producers will struggle to stay afloat if the gold price slumps below $1,200 analysts have told CNBC, potentially putting the gold mining industry at severe risk beyond 2017, according to Goldman Sachs predictions.

This is the same signal I use to buy bitcoins and gold, silver, copper (zinc and nickel also) ... when price get near, at or below cost of production monetary goods are a steal Smiley .... dyodd.

how far below $1200 in your estimation is a steal?

♫ This situation, which side are you on? Are you getting out? Are you dropping bombs? Have you heard of diplomatic resolve? ♫ How To Run A Cheap Full Bitcoin Node For $19 A Year ♫ If I knew where it was, I would take you there. There’s much more than this. ♫ Track Your Bitcoins Value
xxjs
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June 21, 2013, 01:20:22 AM
 #5244

bitcoin up, everything else down?

is this it? the great credit contraction?

I feel something big happening...

A hyperdeflation event (in dollar prices), and hyper inflation everywhere else, all fiat except dollar failing, is certainly conceivable. But we don't know what Ben can do, whe can not read his mind or see his tarot cards, so hyperinflation is also possible.
btceic
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June 21, 2013, 01:23:58 AM
 #5245

bitcoin up, everything else down?

is this it? the great credit contraction?

I feel something big happening...

A hyperdeflation event (in dollar prices), and hyper inflation everywhere else, all fiat except dollar failing, is certainly conceivable. But we don't know what Ben can do, whe can not read his mind or see his tarot cards, so hyperinflation is also possible.

we dont need to read his mind, the fomc meeting concluded today and well... look at the markets reaction, most major indeces down 2+% today

♫ This situation, which side are you on? Are you getting out? Are you dropping bombs? Have you heard of diplomatic resolve? ♫ How To Run A Cheap Full Bitcoin Node For $19 A Year ♫ If I knew where it was, I would take you there. There’s much more than this. ♫ Track Your Bitcoins Value
marcus_of_augustus
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June 21, 2013, 01:53:38 AM
 #5246

relevant,
http://www.cnbc.com/id/100641133

Quote
Many gold producers will struggle to stay afloat if the gold price slumps below $1,200 analysts have told CNBC, potentially putting the gold mining industry at severe risk beyond 2017, according to Goldman Sachs predictions.

This is the same signal I use to buy bitcoins and gold, silver, copper (zinc and nickel also) ... when price get near, at or below cost of production monetary goods are a steal Smiley .... dyodd.

how far below $1200 in your estimation is a steal?

Well, at $1180 it is 10% bargain, at $900 it is 25% off bargain, at $600 it is a 50% c.o.p. off bargain ... pretend you are buying that latest pair of shoes you have always wanted and go shopping for money in that frame of mind. Money is a deferred purchase of a real good that you want/need so try to put yourself into the future when turning that money into real goods when buying the money (deferred purchase) itself, and you might get a bargain at both ends, i.e. twice the bargain Smiley.

oakpacific
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June 21, 2013, 02:23:33 AM
 #5247

Gold Collapsing today is like Nazis at the gate of Moscow.
Or Nazis at the Battle of the Bulge.

Both were running on fumes of gasoline to run their attacks.
The fumes run out, the triumph become a rout.

The fat lady is not on the stage yet.

Last time I checked, the Russians did not win against the Germans for 12 years in a row.

It's the gold that is out of gasoline.

https://tlsnotary.org/ Fraud proofing decentralized fiat-Bitcoin trading.
notme
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June 21, 2013, 04:20:41 AM
 #5248

But we don't know what Ben can do, whe can not read his mind or see his tarot cards, so hyperinflation is also possible.

Sure we can... review the press conference.  Every time he mentions downside risk his voice cracks and he looks like he wants to cry.  It is written all over his face.  The other thing I noticed is that he threw in we are ready to taper or INCREASE easing as necessary.  The markets are starting to play chicken with him instead of dutifully following along.

https://www.bitcoin.org/bitcoin.pdf
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Adrian-x
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June 21, 2013, 05:11:01 AM
 #5249

Sure we can... review the press conference.  Every time he mentions downside risk his voice cracks and he looks like he wants to cry.  It is written all over his face.  The other thing I noticed is that he threw in we are ready to taper or INCREASE easing as necessary.  The markets are starting to play chicken with him instead of dutifully following along.
^ This.

It looks to me he was testing the water and now it's just a game of children.
Who knows what comes next he could have regulatory tricks in reserve.

Anyway I love how cracking down on XBT USD exchange interfaces tends to spike the price.

Thank me in Bits 12MwnzxtprG2mHm3rKdgi7NmJKCypsMMQw
sidhujag
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June 21, 2013, 05:13:52 AM
 #5250

But we don't know what Ben can do, whe can not read his mind or see his tarot cards, so hyperinflation is also possible.

Sure we can... review the press conference.  Every time he mentions downside risk his voice cracks and he looks like he wants to cry.  It is written all over his face.  The other thing I noticed is that he threw in we are ready to taper or INCREASE easing as necessary.  The markets are starting to play chicken with him instead of dutifully following along.

Playing chicken?? lol they have been trying to play chicken since 2010 but bears got
crushed. You cant mess with the fed.. The feds free money has been propping up the market esp likes of jpm who has infinite spending power. Any idiot would be foolish to think they would let the jig up that wallstreet tries to hide so well.
notme
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June 21, 2013, 05:23:47 AM
 #5251

But we don't know what Ben can do, whe can not read his mind or see his tarot cards, so hyperinflation is also possible.

Sure we can... review the press conference.  Every time he mentions downside risk his voice cracks and he looks like he wants to cry.  It is written all over his face.  The other thing I noticed is that he threw in we are ready to taper or INCREASE easing as necessary.  The markets are starting to play chicken with him instead of dutifully following along.

Playing chicken?? lol they have been trying to play chicken since 2010 but bears got
crushed. You cant mess with the fed.. The feds free money has been propping up the market esp likes of jpm who has infinite spending power. Any idiot would be foolish to think they would let the jig up that wallstreet tries to hide so well.

So you believe it is possible to centrally manage an economy?  Interesting perspective in the face of historical evidence.

And yes, the Fed has been playing chicken with the markets, but now the tables have turned and it is the markets playing with Ben.

https://www.bitcoin.org/bitcoin.pdf
While no idea is perfect, some ideas are useful.
Cranky4u
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June 21, 2013, 05:26:52 AM
 #5252

Buying local gold soon Cool

Wife is a happy wife.

yeah but didnt make a motza on BTC...*just jealous*  Sad

Cranky4u
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June 21, 2013, 05:27:41 AM
 #5253

any reputable BTC for gold/silver bullion (not coins) sellers recommendations?

Adrian-x
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June 21, 2013, 05:42:10 AM
 #5254

Buying local gold soon Cool

Wife is a happy wife.
I recommend you print a paper wallet and give her some XBT, that will help too. (Every time she wants to sell it, make sure and if push comes to shove start preaching about security and how technical it is and how in trust worthy the exchanges are ...

Thank me in Bits 12MwnzxtprG2mHm3rKdgi7NmJKCypsMMQw
kjj
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June 21, 2013, 11:05:46 AM
 #5255

Im trying to get some cash. Wonder if we will get a worldwide cyprus event soon.

Seems unlikely to me.  Cyprus was caused by an inability to devalue.  Most of the world doesn't have that problem.

Mind you, we have different, potentially worse, problems.  We just don't have that particular failure mode on the menu.

17Np17BSrpnHCZ2pgtiMNnhjnsWJ2TMqq8
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xxjs
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June 21, 2013, 12:17:05 PM
 #5256

But we don't know what Ben can do, whe can not read his mind or see his tarot cards, so hyperinflation is also possible.

Sure we can... review the press conference.  Every time he mentions downside risk his voice cracks and he looks like he wants to cry.  It is written all over his face.  The other thing I noticed is that he threw in we are ready to taper or INCREASE easing as necessary.  The markets are starting to play chicken with him instead of dutifully following along.

..assuming he tells us what he is going to do, and assuming that he knows what to do himself. I assume neither of those.
S3052
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June 21, 2013, 03:02:43 PM
 #5257

But we don't know what Ben can do, whe can not read his mind or see his tarot cards, so hyperinflation is also possible.

Sure we can... review the press conference.  Every time he mentions downside risk his voice cracks and he looks like he wants to cry.  It is written all over his face.  The other thing I noticed is that he threw in we are ready to taper or INCREASE easing as necessary.  The markets are starting to play chicken with him instead of dutifully following along.

Playing chicken?? lol they have been trying to play chicken since 2010 but bears got
crushed. You cant mess with the fed.. The feds free money has been propping up the market esp likes of jpm who has infinite spending power. Any idiot would be foolish to think they would let the jig up that wallstreet tries to hide so well.

So you believe it is possible to centrally manage an economy?  Interesting perspective in the face of historical evidence.

And yes, the Fed has been playing chicken with the markets, but now the tables have turned and it is the markets playing with Ben.

A central bank or a fed leader can't impact the market indefinitely
They will be caught off guard by the market forces

cypherdoc (OP)
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June 21, 2013, 04:00:51 PM
 #5258

i have this twisted fantasy of one day seeing Bennie hanging from a tree, twisting in the wind.

b/c of his hubris, intellectual dishonesty, and criminal tactics, i think he should go down as the worst central bankster in world history. 

he took credit for the liquidity induced, distorted ramp of the last 4 yrs; let him take the blame for what is now happening.
N12
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June 21, 2013, 04:03:10 PM
 #5259

i have this twisted fantasy of one day seeing Bennie hanging from a tree, twisting in the wind.

b/c of his hubris, intellectual dishonesty, and criminal tactics, i think he should go down as the worst central bankster in world history. 

he took credit for the liquidity induced, distorted ramp of the last 4 yrs; let him take the blame for what is now happening.
Careful now, NSA is watching. Cheesy
molecular
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June 21, 2013, 09:49:35 PM
 #5260

Buying local gold soon Cool

Wife is a happy wife.
I recommend you print a paper wallet and give her some XBT, that will help too. (Every time she wants to sell it, make sure and if push comes to shove start preaching about security and how technical it is and how in trust worthy the exchanges are ...

She has more btc than most people on the forum. She also bought asic miner stock at .85 and she is only cashing out the dividends. However she likes to show off so whatever. She makes me happy so i try to do the same.

Whatever happened to the goal of having an independent woman by your side? Guess "independence" slides down the priority scale with increase of net-worth of the individual man. Same for age.



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