Gold collapsing. Bitcoin UP.

[tvbcof]

Mike has a Cayenne (pretty sure) and I'm off to buy a Jeep with BTC today. W000t. Go BTC.

Porche, Mercedes, whatever.  All about the same to me...they are just a 'rob me' or 'audit me' banner as far as I am concerned.

I actually used to be pretty into cars, but somehow that interest just died.  Even when it did exist, though, I never did have much desire for new or fancy or expensive rides.  Tiny sports cars where my chief interest though I always had a weakness for rough terrain vehicles as well.  I drove a first generation MR2 for some number of years.  It was one of my favorite cars ever, but I started out with front wheel drive and never could get to feeling comfortable with real wheels drive when doing 'things' with it.  Plus the thing was twitchy as hell with a racing suspension.  You'll be looking out the rear view mirror to see where you are going in a fraction of a second.  I would carve through mountain roads with amazing grace which was fun.  Around that time I raced a Honda RS125 for a short period.  Even being out of tune it was the most amazing machine I've ever operated.  Light as a feather and contained nothing unnecessary for the goal of getting round a road course as quickly as possible.  It was like riding a scalpel and one felt that they could do anything on it.

If Bitcoin has another big pop left, I'll probably get a boat in addition to other things.  One many not be surprised to find out that I would look for an old wooden fishing boat in good condition which I would prefer to a yacht.  I'd take any boat which has an Atlas engine.

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[lebing]

Mike has a Cayenne (pretty sure) and I'm off to buy a Jeep with BTC today. W000t. Go BTC.

Porche, Mercedes, whatever.  All about the same to me...they are just a 'rob me' or 'audit me' banner as far as I am concerned.

I actually used to be pretty into cars, but somehow that interest just died.  Even when it did exist, though, I never did have much desire for new or fancy or expensive rides.  Tiny sports cars where my chief interest though I always had a weakness for rough terrain vehicles as well.  I drove a first generation MR2 for some number of years.  It was one of my favorite cars ever, but I started out with front wheel drive and never could get to feeling comfortable with real wheels drive when doing 'things' with it.  Plus the thing was twitchy as hell with a racing suspension.  You'll be looking out the rear view mirror to see where you are going in a fraction of a second.  I would carve through mountain roads with amazing grace which was fun.  Around that time I raced a Honda RS125 for a short period.  Even being out of tune it was the most amazing machine I've ever operated.  Light as a feather and contained nothing unnecessary for the goal of getting round a road course as quickly as possible.  It was like riding a scalpel and one felt that they could do anything on it.

If Bitcoin has another big pop left, I'll probably get a boat in addition to other things.  One many not be surprised to find out that I would look for an old wooden fishing boat in good condition which I would prefer to a yacht.  I'd take any boat which has an Atlas engine.

Well I got my  Jeep Grand Cherokee today, nothing flashy and not my first choice but they took BTC so all is good:)

You bought a car with btc in thailand?

Nice one

[paraipan]

...

Well I got my  Jeep Grand Cherokee today, nothing flashy and not my first choice but they took BTC so all is good:)

You bought a car with btc in thailand?

Nice one

Pics or it didn't happen! This is your usual bullshitting Goat, or not?

[vokain]

all i want is one of these
http://www.star-board.com/2012/products/boards/index.php?id=phantom

[cypherdoc]

Mike has a Cayenne (pretty sure) and I'm off to buy a Jeep with BTC today. W000t. Go BTC.

Porche, Mercedes, whatever.  All about the same to me...they are just a 'rob me' or 'audit me' banner as far as I am concerned.

I actually used to be pretty into cars, but somehow that interest just died.  Even when it did exist, though, I never did have much desire for new or fancy or expensive rides.  Tiny sports cars where my chief interest though I always had a weakness for rough terrain vehicles as well.  I drove a first generation MR2 for some number of years.  It was one of my favorite cars ever, but I started out with front wheel drive and never could get to feeling comfortable with real wheels drive when doing 'things' with it.  Plus the thing was twitchy as hell with a racing suspension.  You'll be looking out the rear view mirror to see where you are going in a fraction of a second.  I would carve through mountain roads with amazing grace which was fun.  Around that time I raced a Honda RS125 for a short period.  Even being out of tune it was the most amazing machine I've ever operated.  Light as a feather and contained nothing unnecessary for the goal of getting round a road course as quickly as possible.  It was like riding a scalpel and one felt that they could do anything on it.

If Bitcoin has another big pop left, I'll probably get a boat in addition to other things.  One many not be surprised to find out that I would look for an old wooden fishing boat in good condition which I would prefer to a yacht.  I'd take any boat which has an Atlas engine.

Well I got my  Jeep Grand Cherokee today, nothing flashy and not my first choice but they took BTC so all is good:)

You bought a car with btc in thailand?

Nice one

No, it was at a Jeep dealership in the USA. Someone posted a thread about them taking BTC here on this forum, it is how I found out about them. Once I get the vanity plates I will make a thread about it. I'm going to write up a pretty good review, I hope they get more business.

the Texas dealership, right?

[cypherdoc]

the Texas dealership, right?

Maybe Overland Park Jeep Dodge Ram Chrysler in Kansas City?

oops, you're right.

i tried calling them back when that first released.  glad to hear it's legit.

[manfred]

What is JPMorgan up to?
First the sold all the Gold in the last couple of months, then about a month ago they had the fire in the lower floors of the building and now the sell the Building which also has the biggest commercial gold vault in the world with an tunnel straight to the Fed . They obviously don't see any use for the vault ever again. Was the fire just a convenient way to get rid of some filing cabinets? Is it time to get out of Gold?
http://www.zerohedge.com/news/2013-08-18/jpmorgan-selling-building-houses-its-gold-vault

[S3052]

What is JPMorgan up to?
First the sold all the Gold in the last couple of months, then about a month ago they had the fire in the lower floors of the building and now the sell the Building which also has the biggest commercial gold vault in the world with an tunnel straight to the Fed . They obviously don't see any use for the vault ever again. Was the fire just a convenient way to get rid of some filing cabinets? Is it time to get out of Gold?
http://www.zerohedge.com/news/2013-08-18/jpmorgan-selling-building-houses-its-gold-vault

the best time to get out of gold was at about 1900 ...
but there is soon another time coming to sell gold, before the big buy is warranted
UP. DOWN. UP big time

[vokain]

Can't wait! Hopefully that will be after bitcoin's prime time to sell short a bit! I need some funds to buy gold with.

[molecular]

What is JPMorgan up to?
First the sold all the Gold in the last couple of months, then about a month ago they had the fire in the lower floors of the building and now the sell the Building which also has the biggest commercial gold vault in the world with an tunnel straight to the Fed . They obviously don't see any use for the vault ever again. Was the fire just a convenient way to get rid of some filing cabinets? Is it time to get out of Gold?
http://www.zerohedge.com/news/2013-08-18/jpmorgan-selling-building-houses-its-gold-vault

the best time to get out of gold was at about 1900 ...
but there is soon another time coming to sell gold, before the big buy is warranted
UP. DOWN. UP big time

How far down is your best guess?

[S3052]

What is JPMorgan up to?
First the sold all the Gold in the last couple of months, then about a month ago they had the fire in the lower floors of the building and now the sell the Building which also has the biggest commercial gold vault in the world with an tunnel straight to the Fed . They obviously don't see any use for the vault ever again. Was the fire just a convenient way to get rid of some filing cabinets? Is it time to get out of Gold?
http://www.zerohedge.com/news/2013-08-18/jpmorgan-selling-building-houses-its-gold-vault

the best time to get out of gold was at about 1900 ...
but there is soon another time coming to sell gold, before the big buy is warranted
UP. DOWN. UP big time

How far down is your best guess?

Between 1000-800. My lowest estimate is 600.

[manfred]

What is JPMorgan up to?
First the sold all the Gold in the last couple of months, then about a month ago they had the fire in the lower floors of the building and now the sell the Building which also has the biggest commercial gold vault in the world with an tunnel straight to the Fed . They obviously don't see any use for the vault ever again. Was the fire just a convenient way to get rid of some filing cabinets? Is it time to get out of Gold?
http://www.zerohedge.com/news/2013-08-18/jpmorgan-selling-building-houses-its-gold-vault

the best time to get out of gold was at about 1900 ...
but there is soon another time coming to sell gold, before the big buy is warranted
UP. DOWN. UP big time

How far down is your best guess?

Between 1000-800. My lowest estimate is 600.

Its a matter of the timeframe you looking at, but JPM seems to be of the opinion that it will be lower than that and it will stay low. A lot of people not agree with that.
A Bank without a vault, yes times have changed.

[NewLiberty]

What is JPMorgan up to?
First the sold all the Gold in the last couple of months, then about a month ago they had the fire in the lower floors of the building and now the sell the Building which also has the biggest commercial gold vault in the world with an tunnel straight to the Fed . They obviously don't see any use for the vault ever again. Was the fire just a convenient way to get rid of some filing cabinets? Is it time to get out of Gold?
http://www.zerohedge.com/news/2013-08-18/jpmorgan-selling-building-houses-its-gold-vault

the best time to get out of gold was at about 1900 ...
but there is soon another time coming to sell gold, before the big buy is warranted
UP. DOWN. UP big time

How far down is your best guess?

Between 1000-800. My lowest estimate is 600.

Its a matter of the timeframe you looking at, but JPM seems to be of the opinion that it will be lower than that and it will stay low. A lot of people not agree with that.
A Bank without a vault, yes times have changed.

The BASEL III accord is pushing toward that.  The international banking consortium has ranked gold as a 50% risk to value asset.  Now they value sovereign fiat currency higher.  It is yet to be and implemented (moved out to 2018).  

The central banks and national treasuries hold most of the gold.  This drops their incentive to hold it (if they are holding it for the asset value of backing their loaning activity).  There are LOTS of other reasons to hold it, that is only one of the practical reasons for the big holders.

[vokain]

Eventually the empire will collapse, who can they pay to enforce their rule when the stuff they pay with is worthless? No gold = no power.

Seven stages of empire:
http://youtu.be/EdSq5H7awi8

[NewLiberty]

It is looking less likely that you will see 600 gold before 1600 gold.
JP Morgan has reversed.
http://www.tfmetalsreport.com/blog/4968/big-fat-zero-public

Unless you think they are loading up so that they can sell it again in another round of manipulation where they lose billions to drop the price.  I suppose anything is possible for the Reserve Banks.

But in the mean time, the rest of the world is also scooping up the yellow stuff.

[NewLiberty]

With $600 gold how do you get $4 silver?  ratio would be 150 eh?

$4 silver would take a strong dollar bullish shift.
What would that take?  1) balancing the US budget 2) Repaying US national debt  3) Adding real assets to the US reserve

That might get us there.  Sure it could happen, but is it likely?  If you had those 3, you could probably do free healthcare for the planet rather than just USA, but this seems like a fairy tale, yes?

I could see 600 gold and 30 silver though. 

[polarhei]

I think, for future, the mathematical will be primary for major things as mathematical is not easy to breach while the ore mining is very simple, It is shame that some people mine gold illegally. I have to apologize.

The BTC may raise up to, i think bankers are waiting for it so the mtgox need to be under high pressure for little more while.

[S3052]

What is JPMorgan up to?
First the sold all the Gold in the last couple of months, then about a month ago they had the fire in the lower floors of the building and now the sell the Building which also has the biggest commercial gold vault in the world with an tunnel straight to the Fed . They obviously don't see any use for the vault ever again. Was the fire just a convenient way to get rid of some filing cabinets? Is it time to get out of Gold?
http://www.zerohedge.com/news/2013-08-18/jpmorgan-selling-building-houses-its-gold-vault

the best time to get out of gold was at about 1900 ...
but there is soon another time coming to sell gold, before the big buy is warranted
UP. DOWN. UP big time

How far down is your best guess?

Between 1000-800. My lowest estimate is 600.

With $600 gold how do you get $4 silver?  ratio would be 150 eh?

Gold is one of the final assets people will flee into. thats why it wont drop as far as others
Silver is 1) a speculative vehicle and 2) and more of an industrial metal than gold and will hence drop like a stone if deflation is in full force

[tvbcof]

Gold is one of the final assets people will flee into. thats why it wont drop as far as others
Silver is 1) a speculative vehicle and 2) and more of an industrial metal than gold and will hence drop like a stone if deflation is in full force

Not me.  Full-force deflation implies a lot of other extreme financial grief, and the official monetary systems are already on thin ice which would likely crack early in the game.

I was more interested in silver to mitigate against genuine calamities due to operational consideration.  Only when I got that check-box ticked off did my interest shift more to gold.

A slight elevation in the interest and awareness in silver could have tidal-wave effects in the valuations due to supply side differences in the material.  Gold also, but to a lesser extent, and again, it's likely that many Joe Sixpack types would go for silver first for the same types of operational issues that I noted.

That's my call.  I could be wrong...I often am.

[miscreanity]

Gold is one of the final assets people will flee into. thats why it wont drop as far as others
Silver is 1) a speculative vehicle and 2) and more of an industrial metal than gold and will hence drop like a stone if deflation is in full force

Gold is being fled into now, as is silver. The distinction is where.

If the world were homogenous, the assessment holds. It is not, so physical precious metals will not behave as expected from a western perspective; only the contractual paper representations will.

The west will follow, not lead.