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Author Topic: Gold collapsing. Bitcoin UP.  (Read 1808480 times)
Blitz­
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October 09, 2013, 03:36:19 AM
 #5741

Hopefully DPR used an m-of-n method, or chose a truly random key/passcode to secure the wallet.
Ah yes, that would really help him if he keeps them for a lifetime in jail. And it will surely help his relations with his inmates, some of them who may get out of jail again, given that the only thing standing between them and potentially 80 million worth of assets is a little "convincing". Cheesy Cheesy

Btw, I guess you're short gold again cypher?

"Bitcoin had been transformed from an anarachistic challenge to the financial status quo, to the crypto spawn of Satan, fuelled by cut-throat greed and delusions of avarice." - MatTheCat
"these people don't seem to want to stop till Bitcoin is completely destroyed and left like an old cum rag in the corner of the room." - ShroomsKit
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October 09, 2013, 03:38:41 AM
 #5742

Hopefully DPR used an m-of-n method, or chose a truly random key/passcode to secure the wallet.
Ah yes, that would really help him in exchange for a lifetime in jail. And it will surely help his relations with his inmates, some of them who may get out of jail again, given that the only thing standing between them and potentially 80 million worth of assets is a little "convincing". Cheesy Cheesy

Btw, I guess you're short gold again cypher?

good intuition.  yep, back in.
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October 09, 2013, 03:47:31 AM
 #5743

Hopefully DPR used an m-of-n method, or chose a truly random key/passcode to secure the wallet.
Ah yes, that would really help him in exchange for a lifetime in jail. And it will surely help his relations with his inmates, some of them who may get out of jail again, given that the only thing standing between them and potentially 80 million worth of assets is a little "convincing". Cheesy Cheesy

Btw, I guess you're short gold again cypher?

good intuition.  yep, back in.

USA less then 9 days away from default  ( no really, but still... ) and cypherdoc shorts gold!!!

this guy has BALLS!

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October 09, 2013, 03:51:59 AM
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Why? If the US defaults, gold would probably collapse along with everything else.

"Bitcoin had been transformed from an anarachistic challenge to the financial status quo, to the crypto spawn of Satan, fuelled by cut-throat greed and delusions of avarice." - MatTheCat
"these people don't seem to want to stop till Bitcoin is completely destroyed and left like an old cum rag in the corner of the room." - ShroomsKit
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October 09, 2013, 04:03:06 AM
 #5745

Why? If the US defaults, gold would probably collapse along with everything else.

really?

i would of thought gold would rocket like crazy

without the USD, what would counties use to trade, they have already started to make deals to by pass the USD and directly swap their own currencies + some gold

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October 09, 2013, 05:14:02 AM
 #5746

I figure doc will really like this graph. http://imgur.com/xSOW1NG 
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October 09, 2013, 05:30:46 AM
 #5747

I figure doc will really like this graph. http://imgur.com/xSOW1NG 

Look up 17 posts  Roll Eyes
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October 09, 2013, 06:00:04 AM
 #5748

Why? If the US defaults, gold would probably collapse along with everything else.

really?

i would of thought gold would rocket like crazy

without the USD, what would counties use to trade, they have already started to make deals to by pass the USD and directly swap their own currencies + some gold

It will rocket, but first, cash will be king for a bit.

https://www.bitcoin.org/bitcoin.pdf
While no idea is perfect, some ideas are useful.
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October 09, 2013, 06:21:04 AM
 #5749

so the subject of this thread is expected to persist, and go on, right?
what the gurus say?


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October 09, 2013, 06:29:15 AM
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Hudes says something about 140,000 tons of gold in vaults on Hawaii. Any merit to this?

In an earlier interview (Karen Hudes (formerly world bank): we need to get new currency like BTC ready) she said something about the stash of the Vatican being much larger than generally thought.

And what's that about american tax dollar going to the UK and then the Vatican?


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October 09, 2013, 07:01:32 AM
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Hudes says something about 140,000 tons of gold in vaults on Hawaii. Any merit to this?

In an earlier interview (Karen Hudes (formerly world bank): we need to get new currency like BTC ready) she said something about the stash of the Vatican being much larger than generally thought.

And what's that about american tax dollar going to the UK and then the Vatican?


I'd not heard of the woman until this vid, but she seems to be in circulation on the various fringe outlets.  I was not terribly impressed.  For one, she and the various hosts seemed to have some trouble communicating and she does not really seem to follow through with coherent ideas very well.  For two, she seems not to back up much of what she says with compelling evidence.  Or any at all really.  She tripped my fraud detector circuits more than most people, but I'm often fooled one way or another on such things.

As for the gold thing, I have a little trouble believing that her numbers and pretty much all of the other analysts are so divergent.

---

Separately, the other day I got to thinking about a new facility belonging to the US (in Oak Ridge IIRC) which generates neutrons without an atomic pile.  Generally one transmutates elements by placing them inside of a reactor for neutron bombardment which is laborious and expensive.  Also, someone proposes a decay chain from Hg-196 which seems plausible and interesting:

  http://www.straightdope.com/columns/read/3067/can-we-now-transmute-base-substances-into-gold

  http://en.wikipedia.org/wiki/Spallation_Neutron_Source


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October 09, 2013, 08:02:30 AM
 #5752

Why? If the US defaults, gold would probably collapse along with everything else.
Exactly, it would fall like a rock, because at the end of the day you can't eat it, heat your house or fill up the car and lots of people offer it, to buy daily needs. Its true value comes after a crises is over. In the absent s of functional Banks any large buy would require some accepted collateral. Nothing else has thousands of years of proven record, only PM's.
Bitcoin on the other hand will most likely spike initially, how it preforms in the long run is pure speculation. It really depends how long or severe any crisis is. In a worst case scenario without communication or power you can not spent them. The longer the current system remains on live-support the better for bitcoin and its price.
Make no mistake the future certainly is with crypto-currencies, but in may opinion it will be wide spread. Different communities will use different money for the same reason they done so in the past.

With PM's you won't get rich, but they may save your arse. With Bitcoins you could get rich, but they want save your arse.
Diversify and look beyond cash, gold and bitcoins.
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October 09, 2013, 11:30:20 AM
 #5753

Why? If the US defaults, gold would probably collapse along with everything else.
Exactly, it would fall like a rock, because at the end of the day you can't eat it, heat your house or fill up the car and lots of people offer it, to buy daily needs. Its true value comes after a crises is over. In the absent s of functional Banks any large buy would require some accepted collateral. Nothing else has thousands of years of proven record, only PM's.
Bitcoin on the other hand will most likely spike initially, how it preforms in the long run is pure speculation. It really depends how long or severe any crisis is. In a worst case scenario without communication or power you can not spent them. The longer the current system remains on live-support the better for bitcoin and its price.
Make no mistake the future certainly is with crypto-currencies, but in may opinion it will be wide spread. Different communities will use different money for the same reason they done so in the past.

With PM's you won't get rich, but they may save your arse. With Bitcoins you could get rich, but they want save your arse.
Diversify and look beyond cash, gold and bitcoins.

If the US defaults bond prices will go up if what happened when the US was downgraded is any indication Smiley What should happen is that PMs get more expensive.

I hold Bitcoin to get me rich (or as I call it, financially independent of labor). I hold no gold because I have no way to assign a value to it and it's mostly an inflation hedge. Stocks suit me much better for that purpose. I cannot precisely put a value on Bitcoin as well, but I'm sure that is way WAY higher than it is today.

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October 09, 2013, 01:15:39 PM
 #5754


If the US defaults bond prices will go up if what happened when the US was downgraded is any indication Smiley What should happen is that PMs get more expensive.

I hold Bitcoin to get me rich (or as I call it, financially independent of labor). I hold no gold because I have no way to assign a value to it and it's mostly an inflation hedge. Stocks suit me much better for that purpose. I cannot precisely put a value on Bitcoin as well, but I'm sure that is way WAY higher than it is today.

This may seem counter-intuitive.  But it is what happened, the bond prices went up, and rates down.  Possibly this was because of the way that it was pre-pre-announced then pre-announced and so the reaction was fairly well choreographed.  It was made to seem that if the US T-bill wasn't safe than nothing is safe.
None of the central banks really want the US Dollar to fail suddenly, they seem happier with the slow decline.  If there was a missed bond payment, and technical default (resulting perversely from a congressional effort to cut spending and reduce debt and improve the bond values) who knows what would happen, but I suspect it wouldn't be more bond buying.

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
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October 09, 2013, 01:45:48 PM
 #5755

Gold down, Bitcoin up.
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October 09, 2013, 01:52:09 PM
 #5756

So apparently gold is to precious to sell. Well what happens if someone demands it?

http://www.thenewamerican.com/economy/markets/item/16674-treasury-refuses-to-sell-its-gold-even-in-the-event-of-default
.

they dont have the gold thats why germany demanded to have an audit of the fed reserve and they refused !! theres no gold there
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October 09, 2013, 02:06:54 PM
 #5757

Hudes says something about 140,000 tons of gold in vaults on Hawaii. Any merit to this?
There are a few things in there that I'm skeptical about. Like the Jesuits controlling China, and the mention of the state governors going after the corruption sounds a bit like this meme that was going around last year: http://www.knowthelies.com/node/7274

The allegations of corrupt dealings at the World Bank, though, are consistent with reports from other whistleblowers.
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October 09, 2013, 02:09:47 PM
 #5758

Gold more down, Bitcoin up.
NewLiberty
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October 09, 2013, 02:13:33 PM
 #5759

Hudes says something about 140,000 tons of gold in vaults on Hawaii. Any merit to this?
There are a few things in there that I'm skeptical about. Like the Jesuits controlling China, and the mention of the state governors going after the corruption sounds a bit like this meme that was going around last year: http://www.knowthelies.com/node/7274

The allegations of corrupt dealings at the World Bank, though, are consistent with reports from other whistleblowers.

For what its worth, there are about 2500 tons of gold mined in a good year, and about 165,000 tons mined throughout human history, so no, there aren't 140K Tons on Hawaii.

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
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October 09, 2013, 07:14:10 PM
 #5760

high volume on gold spot cfd today. Looks like major accumulation has begun to target $2k and beyond.
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