Bitcoin Forum
December 11, 2016, 06:20:30 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 ... 231 232 233 234 235 236 237 238 239 240 241 242 243 244 245 246 247 248 249 250 251 252 253 254 255 256 257 258 259 260 261 262 263 264 265 266 267 268 269 270 271 272 273 274 275 276 277 278 279 280 [281] 282 283 284 285 286 287 288 289 290 291 292 293 294 295 296 297 298 299 300 301 302 303 304 305 306 307 308 309 310 311 312 313 314 315 316 317 318 319 320 321 322 323 324 325 326 327 328 329 330 331 ... 1560 »
  Print  
Author Topic: Gold collapsing. Bitcoin UP.  (Read 1808484 times)
tvbcof
Legendary
*
Online Online

Activity: 1988


View Profile
August 22, 2013, 05:56:49 PM
 #5601


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.


Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1481437231
Hero Member
*
Offline Offline

Posts: 1481437231

View Profile Personal Message (Offline)

Ignore
1481437231
Reply with quote  #2

1481437231
Report to moderator
1481437231
Hero Member
*
Offline Offline

Posts: 1481437231

View Profile Personal Message (Offline)

Ignore
1481437231
Reply with quote  #2

1481437231
Report to moderator
miscreanity
Legendary
*
Offline Offline

Activity: 1078


View Profile
August 22, 2013, 06:21:36 PM
 #5602

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.
NewLiberty
Legendary
*
Offline Offline

Activity: 1064


Gresham's Lawyer


View Profile WWW
August 22, 2013, 06:22:46 PM
 #5603


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.

You aren't wrong.  When they move, silver tends to move more than gold.  Silver is bought by many, gold by few, but both are great forms of asset based cash.

FREE MONEY1 Bitcoin for Silver and Gold NewLibertyDollar.com and now BITCOIN SPECIE (silver 1 ozt) shows value by QR
Bulk premiums as low as .0012 BTC "BETTER, MORE COLLECTIBLE, AND CHEAPER THAN SILVER EAGLES" 1Free of Government
sidhujag
Legendary
*
Offline Offline

Activity: 1302


View Profile
August 23, 2013, 04:37:10 AM
 #5604


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.

You aren't wrong.  When they move, silver tends to move more than gold.  Silver is bought by many, gold by few, but both are great forms of asset based cash.

Silver is a smaller market thus moves more in direction of macro fundi driving pm's. Gold is backed by cb's so thats what the big boys use plus more liquidity to fill positions once they eat up some sls from retailers.
NewLiberty
Legendary
*
Offline Offline

Activity: 1064


Gresham's Lawyer


View Profile WWW
August 23, 2013, 10:23:14 AM
 #5605

Silver is a smaller market thus moves more in direction of macro fundi driving pm's. Gold is backed by cb's so thats what the big boys use plus more liquidity to fill positions once they eat up some sls from retailers.

Ag is a smaller market than Au due to the current pricing, but this is not always true.  There is about 9x as much silver as gold.  Gold/silver current price is a historically aberrational 59/1 though recent history (last 10 years or so) this is about average.

FREE MONEY1 Bitcoin for Silver and Gold NewLibertyDollar.com and now BITCOIN SPECIE (silver 1 ozt) shows value by QR
Bulk premiums as low as .0012 BTC "BETTER, MORE COLLECTIBLE, AND CHEAPER THAN SILVER EAGLES" 1Free of Government
miscreanity
Legendary
*
Offline Offline

Activity: 1078


View Profile
August 24, 2013, 06:27:25 AM
 #5606

A complete separation of paper and physical precious metal prices doesn't seem to be in the cards this time around. The probability has declined to a negligible level, although the distortions remain significant.

Regardless, physical metal is not going to collapse short of apocalypse, and all the trading profits generated in the system are at extreme risk. I'd rather be out a year early than a second too late.

I'm more concerned about the tepid movements in Bitcoin of late. There's a lot of potential for large-scale (for Bitcoin) accumulation occurring off-exchange.

Some things are still fairly predictable. The 100-200mm difficulty mark is fast approaching and will be a line in the sand for first gen ASIC profitability. Price will have to give way to the upside before year end, though not necessarily in a violent manner.

Without compromise of ECC, breaking $1k within a year is the target.
sidhujag
Legendary
*
Offline Offline

Activity: 1302


View Profile
August 27, 2013, 05:53:12 PM
 #5607

Its funny how JPM is now long PM's leading up to Syrian crisis, how convenient! This is why I'll never go back to trading Forex or Stocks, seriously regulated by manipulating bastards. I hope more people would see this as then JPM wouldn't have anyone to leech off of.
marcus_of_augustus
Legendary
*
Offline Offline

Activity: 2100



View Profile
August 29, 2013, 06:50:29 AM
 #5608

Its funny how JPM is now long PM's leading up to Syrian crisis, how convenient! This is why I'll never go back to trading Forex or Stocks, seriously regulated by manipulating bastards. I hope more people would see this as then JPM wouldn't have anyone to leech off of.

honestly i think it is more to do with currency fail in places like India and Brazil. that is a train wreck waiting to happen.

... and yet they have an unbelievable ability to be on the right side of massive geo-political trades every time ... almost like they are pulling the strings of the known puppets, which they undoubtedly have the phone numbers and leverage over ... don't ya think?

cypherdoc
Legendary
*
Offline Offline

Activity: 1764



View Profile
September 12, 2013, 01:56:42 PM
 #5609

Where we at zerg?
thezerg
Legendary
*
Offline Offline

Activity: 1246


View Profile
September 12, 2013, 03:16:48 PM
 #5610

Where we at zerg?

what price should I use?  Undecided

EDIT: here is both:

BITSTAMP:
the silverbox update (comparison from the beginning of this thread, March 13th, 2012, gold=1690, nasdaq=3055, Bitcoin=5.4):
Bitcoin is 126.96.  Gold is 1330.00.  Nasdaq is 3723.00
Bitcoin: 2251.11%
Gold:    -21.30%
Nasdaq:  21.87%
Gold Diff:  2888% advantage Bitcoin
Nasdaq Diff:  1829% advantage Bitcoin

GOX:
the silverbox update (comparison from the beginning of this thread, March 13th, 2012, gold=1690, nasdaq=3055, Bitcoin=5.4):
Bitcoin is 140.57.  Gold is 1330.00.  Nasdaq is 3723.00
Bitcoin: 2503.15%
Gold:    -21.30%
Nasdaq:  21.87%
Gold Diff:  3208% advantage Bitcoin
Nasdaq Diff:  2036% advantage Bitcoin
cypherdoc
Legendary
*
Offline Offline

Activity: 1764



View Profile
September 12, 2013, 03:36:12 PM
 #5611

thank you, sir.
cypherdoc
Legendary
*
Offline Offline

Activity: 1764



View Profile
September 13, 2013, 05:40:59 AM
 #5612

gold/silver futures lurching lower...
cypherdoc
Legendary
*
Offline Offline

Activity: 1764



View Profile
September 13, 2013, 11:38:51 AM
 #5613

gold/silver futures lurching lower...

Yeah but silver is still over key support at 18.

Next time we test it will we go under of not is the only realy question i have right now.

Yeah but don't forget; the further it goes below 18 the richer you'll become.
adamstgBit
Legendary
*
Offline Offline

Activity: 1904


Trusted Bitcoiner


View Profile WWW
September 13, 2013, 04:39:59 PM
 #5614

gold/silver futures lurching lower...

Yeah but silver is still over key support at 18.

Next time we test it will we go under of not is the only realy question i have right now.

Yeah but don't forget; the further it goes below 18 the richer you'll become.

Only if im smart enough to load up at a good level.

I will be looking for near 12 for the first big buy.

my target is 16

HeliKopterBen
Hero Member
*****
Offline Offline

Activity: 622



View Profile
September 13, 2013, 08:49:43 PM
 #5615

I bit the bullet and bought some silver a few weeks ago.  I didnt really want to but it broke the downtrend and I didnt own any silver so I went ahead and bought.  I am hoping for a chance to buy more at lower prices.

Counterfeit:  made in imitation of something else with intent to deceive:  merriam-webster
thezerg
Legendary
*
Offline Offline

Activity: 1246


View Profile
September 13, 2013, 09:19:59 PM
 #5616

gold/silver futures lurching lower...

Yeah but silver is still over key support at 18.

Next time we test it will we go under of not is the only realy question i have right now.

Yeah but don't forget; the further it goes below 18 the richer you'll become.

Only if im smart enough to load up at a good level.

I will be looking for near 12 for the first big buy.

That would be epic.  An ounce of silver would be a bitcoin dime!  Gut feel; seems too awesome honestly -- at least at these btc prices. 
adamstgBit
Legendary
*
Offline Offline

Activity: 1904


Trusted Bitcoiner


View Profile WWW
September 13, 2013, 09:26:30 PM
 #5617

I bit the bullet and bought some silver a few weeks ago.  I didnt really want to but it broke the downtrend and I didnt own any silver so I went ahead and bought.  I am hoping for a chance to buy more at lower prices.

You'll get a chance, i think the month long rally is a bull trap, and is about to reverse. I'm not buying into PM's as an investment unless its goes below 16. PM is becoming less and less relevant in todays digital world ( read: bitcoin is the future ). the only reason i would consider investing would be if its grossly undervalued, no other reason.

Odalv
Legendary
*
Offline Offline

Activity: 1064



View Profile
September 13, 2013, 10:45:59 PM
 #5618


CypherDoc is calling for $4 silver I think.   I think that is a bit too far but I would not be shocked if we hit single numberz again.

It was Sxxxx #1 who called $4 silver. ... but maybe I'm wrong will CypherDoc  confirm $4 ?
adamstgBit
Legendary
*
Offline Offline

Activity: 1904


Trusted Bitcoiner


View Profile WWW
September 13, 2013, 11:01:48 PM
 #5619


CypherDoc is calling for $4 silver I think.   I think that is a bit too far but I would not be shocked if we hit single numberz again.

It was Sxxxx #1 who called $4 silver. ... but maybe I'm wrong will CypherDoc  confirm $4 ?

$4 silver? thats crazy!

silver hasn't been that low since, since, well 2002....

oh shit here we go 4$ silver!  Grin

why the F did silver shoot up as much as it did anyway?

smoothie
Legendary
*
Offline Offline

Activity: 1848


LEALANA Monero Physical Silver Coins


View Profile
September 14, 2013, 02:40:17 AM
 #5620

Not that I disagree that silver could go as low as $5-$10 but exactly what price are we talking about?

Paper silver price?

Physical silver price?

If we have massive deflation in the USD then anything on the downside of both is possible.


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

            ,╓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.
 
Pages: « 1 ... 231 232 233 234 235 236 237 238 239 240 241 242 243 244 245 246 247 248 249 250 251 252 253 254 255 256 257 258 259 260 261 262 263 264 265 266 267 268 269 270 271 272 273 274 275 276 277 278 279 280 [281] 282 283 284 285 286 287 288 289 290 291 292 293 294 295 296 297 298 299 300 301 302 303 304 305 306 307 308 309 310 311 312 313 314 315 316 317 318 319 320 321 322 323 324 325 326 327 328 329 330 331 ... 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!