Gold collapsing. Bitcoin UP.

[NewLiberty]

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.

[1714261698]

1714261698

[sidhujag]

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]

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.

[miscreanity]

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]

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]

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]

Where we at zerg?

[thezerg]

Where we at zerg?

what price should I use?  

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]

thank you, sir.

[cypherdoc]

gold/silver futures lurching lower...

[cypherdoc]

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]

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]

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.

[thezerg]

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]

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]

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]

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! 

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

[smoothie]

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.

[smoothie]

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.

In this thread we are talking about the paper price unless other wise noted.


There is no way anyone could know the physical price all over the world at one time.

Yeah that's (bold) pretty obvious.

In a moving market when you go to sell your silver generally you don't sell at the paper price (if you are smart). Most local bullion dealers/shops mark their bullion up.

Correct me if I'm wrong, but hasn't their been much talk about BUYING and SELLING physical silver in this thread? If so, I would think that would account for the physical price you could get when buying or selling to include not just the paper price, but the physical as well.

[dopamine]

Jim Rogers claims the bottom in PM hasn't been form, I'm waiting for lower prices to buy more