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Author Topic: Gold collapsing. Bitcoin UP.  (Read 1905383 times)
molecular
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October 19, 2013, 04:07:41 PM
 #5921

VisionVictory made quite an awesome Bitcoin propaganda video explaining bitcoin to the metal-head-crowd:

http://www.youtube.com/watch?v=T_hBhymFfm8
Do you happen to have the link to the James Rickards interview?


yep: http://www.youtube.com/watch?v=fVOmVbHtz1k

and it's really good, too. I'll definitely read his upcoming book. If you haven't read "currency wars", it's probably good to read it beforehand in case you plan to read the new one.

oh and he has a message for us at the end:

Quote from: Rickards
The governments watching everything you do. So, if you're in bitcoin,... enjoy it, but don't kid yourself and think the government's not watching.

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October 19, 2013, 07:36:11 PM
 #5922

...
oh and he has a message for us at the end:

Quote from: Rickards
The governments watching everything you do. So, if you're in bitcoin,... enjoy it, but don't kid yourself and think the government's not watching.


I'd trust Rickards on this one.  He's likely in a good position to know.  I've assumed this from (my personal) zero-day in Bitcoin-land.  For this reason, I plan to cross all my 'i's and cross all my 't's in any interactions.  Indeed, I am now only willing to do formal paper transactions for values in excess of $10,00.00 so I cannot be (falsely) charged with 'structuring' if the powers that be decide to bring the hammer down.

I bet that a lot of people who came out on top in Bitcoin speculation are going to throw away a good thing by trying to avoid the Feds and their maddeningly unfair but very real implementations of capital control.


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October 19, 2013, 07:45:00 PM
 #5923

VisionVictory made quite an awesome Bitcoin propaganda video explaining bitcoin to the metal-head-crowd:
http://www.youtube.com/watch?v=T_hBhymFfm8
Do you happen to have the link to the James Rickards interview?
yep: http://www.youtube.com/watch?v=fVOmVbHtz1k
and it's really good, too. I'll definitely read his upcoming book. If you haven't read "currency wars", it's probably good to read it beforehand in case you plan to read the new one.
oh and he has a message for us at the end:
Quote from: Rickards
The governments watching everything you do. So, if you're in bitcoin,... enjoy it, but don't kid yourself and think the government's not watching.
Thanks !
NewLiberty
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October 19, 2013, 08:40:35 PM
 #5924

VisionVictory made quite an awesome Bitcoin propaganda video explaining bitcoin to the metal-head-crowd:
http://www.youtube.com/watch?v=T_hBhymFfm8
Do you happen to have the link to the James Rickards interview?
yep: http://www.youtube.com/watch?v=fVOmVbHtz1k
and it's really good, too. I'll definitely read his upcoming book. If you haven't read "currency wars", it's probably good to read it beforehand in case you plan to read the new one.
oh and he has a message for us at the end:
Quote from: Rickards
The governments watching everything you do. So, if you're in bitcoin,... enjoy it, but don't kid yourself and think the government's not watching.
Thanks !
http://goldsilverworlds.com/economy/the-ongoing-depression-will-force-a-return-to-the-gold-standard/

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
molecular
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October 19, 2013, 09:12:50 PM
 #5925

VisionVictory made quite an awesome Bitcoin propaganda video explaining bitcoin to the metal-head-crowd:
http://www.youtube.com/watch?v=T_hBhymFfm8
Do you happen to have the link to the James Rickards interview?
yep: http://www.youtube.com/watch?v=fVOmVbHtz1k
and it's really good, too. I'll definitely read his upcoming book. If you haven't read "currency wars", it's probably good to read it beforehand in case you plan to read the new one.
oh and he has a message for us at the end:
Quote from: Rickards
The governments watching everything you do. So, if you're in bitcoin,... enjoy it, but don't kid yourself and think the government's not watching.
Thanks !
http://goldsilverworlds.com/economy/the-ongoing-depression-will-force-a-return-to-the-gold-standard/

thanks for that link, since it transcribes many of the important parts of the interview (too bad they didn't include "Bitcoin")

funny how "will" got edited to "could" later in the title, btw Wink.



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October 19, 2013, 10:46:49 PM
 #5926

VisionVictory made quite an awesome Bitcoin propaganda video explaining bitcoin to the metal-head-crowd:
http://www.youtube.com/watch?v=T_hBhymFfm8
Do you happen to have the link to the James Rickards interview?
yep: http://www.youtube.com/watch?v=fVOmVbHtz1k
and it's really good, too. I'll definitely read his upcoming book. If you haven't read "currency wars", it's probably good to read it beforehand in case you plan to read the new one.
oh and he has a message for us at the end:
Quote from: Rickards
The governments watching everything you do. So, if you're in bitcoin,... enjoy it, but don't kid yourself and think the government's not watching.
Thanks !
http://goldsilverworlds.com/economy/the-ongoing-depression-will-force-a-return-to-the-gold-standard/

thanks for that link, since it transcribes many of the important parts of the interview (too bad they didn't include "Bitcoin")

funny how "will" got edited to "could" later in the title, btw Wink.




Everything that will happen, can happen, otherwise it won't Wink

Anyway: Yay to a gold standard. Bitcoin is superior, but still gold is a lot better than vacuum and a vast amount of nothingness.

NewLiberty
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October 19, 2013, 10:53:50 PM
 #5927

VisionVictory made quite an awesome Bitcoin propaganda video explaining bitcoin to the metal-head-crowd:
http://www.youtube.com/watch?v=T_hBhymFfm8
Do you happen to have the link to the James Rickards interview?
yep: http://www.youtube.com/watch?v=fVOmVbHtz1k
and it's really good, too. I'll definitely read his upcoming book. If you haven't read "currency wars", it's probably good to read it beforehand in case you plan to read the new one.
oh and he has a message for us at the end:
Quote from: Rickards
The governments watching everything you do. So, if you're in bitcoin,... enjoy it, but don't kid yourself and think the government's not watching.
Thanks !
http://goldsilverworlds.com/economy/the-ongoing-depression-will-force-a-return-to-the-gold-standard/

thanks for that link, since it transcribes many of the important parts of the interview (too bad they didn't include "Bitcoin")

funny how "will" got edited to "could" later in the title, btw Wink.

Extra credit for you.  That's why I linked it without comment.  "GOLDSILVERWORLDS" edits out the bitcoin pieces Smiley
The full transcript is of course here:  http://futuremoneytrends.com/blog/?p=10062

There is this bidirectional ignorance (each ignoring the other) to some degree, their advocates poke at each other.
My personal quest is to bring together the hard money people and the bitcoin people and unify the efforts. To create allys.
Being that I have a special connection to both, based on some very personal experiences, it is something that pulls on me as almost a duty.

Rickards' criticism is very much on point though.  Pseudonymity is not anonymity.  He gives no greater criticism of it, which is itself telling, I'm working on roping him in yet further.

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
oakpacific
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October 20, 2013, 12:54:55 AM
 #5928

...
oh and he has a message for us at the end:

Quote from: Rickards
The governments watching everything you do. So, if you're in bitcoin,... enjoy it, but don't kid yourself and think the government's not watching.


I'd trust Rickards on this one.  He's likely in a good position to know.  I've assumed this from (my personal) zero-day in Bitcoin-land.  For this reason, I plan to cross all my 'i's and cross all my 't's in any interactions.  Indeed, I am now only willing to do formal paper transactions for values in excess of $10,00.00 so I cannot be (falsely) charged with 'structuring' if the powers that be decide to bring the hammer down.

I bet that a lot of people who came out on top in Bitcoin speculation are going to throw away a good thing by trying to avoid the Feds and their maddeningly unfair but very real implementations of capital control.



In some senses, that's why need people like the Silk Road guys, though I personally do not endorse drug trading.

We are all too timid to test the robustness of our system, it's these people who actually went to the front-line, attracted some gunfire, making some real world experimental data available to us.

https://tlsnotary.org/ Fraud proofing decentralized fiat-Bitcoin trading.
cypherdoc
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October 20, 2013, 01:32:40 AM
 #5929

Congrats cypherdoc, 300 pages is quite impressive trying to make a point

it's actually about 370 pages at this point.

don't forget most of my efforts/posts making this point were made starting here 8/9/11 right before the peak:

Gold: I Smell A Trap
molecular
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October 20, 2013, 11:01:18 AM
 #5930


Hudes says something about 140,000 tons of gold in vaults on Hawaii. Any merit to this?

She also says in the comments to this video:



Up to this point I estimated there to be around 160,000 tons of gold above ground and I think that's along the lines of other estimates.

If this turns out true, it'll be "Gold collapsing, Bitcoin UP" for real.

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oakpacific
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October 20, 2013, 11:55:36 AM
 #5931


Hudes says something about 140,000 tons of gold in vaults on Hawaii. Any merit to this?

She also says in the comments to this video:



Up to this point I estimated there to be around 160,000 tons of gold above ground and I think that's along the lines of other estimates.

If this turns out true, it'll be "Gold collapsing, Bitcoin UP" for real.


If it were true, FEDs would not have bought some hundreds of tons of gold right before its price topped.

https://tlsnotary.org/ Fraud proofing decentralized fiat-Bitcoin trading.
cypherdoc
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October 20, 2013, 12:17:17 PM
 #5932


Hudes says something about 140,000 tons of gold in vaults on Hawaii. Any merit to this?

She also says in the comments to this video:



Up to this point I estimated there to be around 160,000 tons of gold above ground and I think that's along the lines of other estimates.

If this turns out true, it'll be "Gold collapsing, Bitcoin UP" for real.


If it were true, FEDs would not have bought some hundreds of tons of gold right before its price topped.

So you believe that the FED is better than the Bank of England and Gordon Brown at timing these things?
NewLiberty
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October 20, 2013, 12:42:25 PM
 #5933


So you believe that the FED is better than the Bank of England and Gordon Brown at timing these things?

The FED has socialized is risk.  They don't need to be good at anything. 
They get the benefit when they are right and taxpayer covers if they are wrong.

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
oakpacific
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October 20, 2013, 01:17:04 PM
 #5934


Hudes says something about 140,000 tons of gold in vaults on Hawaii. Any merit to this?

She also says in the comments to this video:



Up to this point I estimated there to be around 160,000 tons of gold above ground and I think that's along the lines of other estimates.

If this turns out true, it'll be "Gold collapsing, Bitcoin UP" for real.


If it were true, FEDs would not have bought some hundreds of tons of gold right before its price topped.

So you believe that the FED is better than the Bank of England and Gordon Brown at timing these things?

Nah, just:
1.They have no such huge gold reserve, otherwise why bother buying it.

2.When you want to diversify from your fiats, PM is not a good option, central bankers still hold much more of them than you, and they know what they should do to keep their jobs(promoting fiats) if PM price skyrockets.

But to be honest I don't know what's with BoE and Gordon Brown.

https://tlsnotary.org/ Fraud proofing decentralized fiat-Bitcoin trading.
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October 20, 2013, 02:13:15 PM
 #5935


Up to this point I estimated there to be around 160,000 tons of gold above ground and I think that's along the lines of other estimates.


Karen says that there is at least 500,000 tons of gold, all conventional figures say about 160,000 tons. The latter figure is imho rather well researched from the mining output in 20th century - before which only a fraction of the total gold existing was produced. Do you have some credible theory, how the gold aboveground could be so much higher figure?
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October 20, 2013, 02:56:25 PM
 #5936


Up to this point I estimated there to be around 160,000 tons of gold above ground and I think that's along the lines of other estimates.


Karen says that there is at least 500,000 tons of gold, all conventional figures say about 160,000 tons. The latter figure is imho rather well researched from the mining output in 20th century - before which only a fraction of the total gold existing was produced. Do you have some credible theory, how the gold aboveground could be so much higher figure?

Fussion?

lol i read some nazifiction book where the nazis had retreated to antarctica and spent their time extracting gold from seawater
molecular
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October 20, 2013, 04:02:31 PM
 #5937


Up to this point I estimated there to be around 160,000 tons of gold above ground and I think that's along the lines of other estimates.


Karen says that there is at least 500,000 tons of gold, all conventional figures say about 160,000 tons. The latter figure is imho rather well researched from the mining output in 20th century - before which only a fraction of the total gold existing was produced. Do you have some credible theory, how the gold aboveground could be so much higher figure?

No, I have no credible theory on this. I don't know where Hudes got this, I haven't seen her back up the claims with anything but "you will see".

How do we know only a fraction of gold was mined before the 20th century? All kinds of cultures had been obsessed with gold and/or used it as money long before that. Maybe a lot was mined (easily accessible?) and somehow gathered up and stored. But that's a wild theory.

Boy am I glad bitcoin doesn't have such problems.

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BitcoinAshley
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October 20, 2013, 04:15:57 PM
 #5938

Does Karen Hudes ever explain why she feels there are 500,000 tons rather than the conventionally-reported 160,000? I'm all for believing that conventional figures are faked or made up, because they are in a very large number of cases, but I need some actual evidence.

She "says" that these vaults in Hawaii, Singapore, etc have X tons of gold each, and added together it is about 500,000. But how does she arrive at those vault figures in the first place.....
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October 20, 2013, 05:06:29 PM
 #5939

How do we know only a fraction of gold was mined before the 20th century? All kinds of cultures had been obsessed with gold and/or used it as money long before that. Maybe a lot was mined (easily accessible?) and somehow gathered up and stored. But that's a wild theory.

Does not hold water. Deduction:
- 20th century has seen more people-lifeyears than all the previous history combined
- The material living standard has been higher also
- Gold's purchasing power has been constant or decreasing
- 20th century production figures are quite well documented.
cypherdoc
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October 20, 2013, 07:08:08 PM
 #5940

it doesn't matter who's right.

the point is, production and stock is fuzzy; and it always will be.  which is precisely why i switched to BTC investment back in early 2011.  Bitcoin is easily trackable according to the protocol by anyone.  it's brutally defined.  and time is proving it's uncrackable.

just one of the many reasons i've been arguing to switch publicly since Gold: I Smell A Trap.
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