Bitcoin Forum
March 19, 2024, 11:21:19 AM *
News: Latest Bitcoin Core release: 26.0 [Torrent]
 
   Home   Help Search Login Register More  
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 ... 289 290 291 292 293 294 295 296 297 298 299 300 301 302 303 304 305 306 307 308 309 310 311 312 313 314 315 316 317 318 319 320 321 322 323 324 325 326 327 328 329 330 331 332 333 334 335 336 337 338 [339] 340 341 342 343 344 345 346 347 348 349 350 351 352 353 354 355 356 357 358 359 360 361 362 363 364 365 366 367 368 369 370 371 372 373 374 375 376 377 378 379 380 381 382 383 384 385 386 387 388 389 ... 1557 »
  Print  
Author Topic: Gold collapsing. Bitcoin UP.  (Read 2032123 times)
Zangelbert Bingledack
Legendary
*
Offline Offline

Activity: 1036
Merit: 1000


View Profile
November 24, 2013, 11:18:42 AM
 #6761


And the snowball will get bigger and bigger, until no one in the world is left uninvested, then people will make a shocking discovery......"I have this, everyone has this, why don't we use it as a currency?"

That's the plan. Wink

Precisely. Bitcoin as a speculative asset is the ultimate currency trojan-horse. :-)

Indeed. Too bad so many (the majority right now) don't get this.
1710847279
Hero Member
*
Offline Offline

Posts: 1710847279

View Profile Personal Message (Offline)

Ignore
1710847279
Reply with quote  #2

1710847279
Report to moderator
1710847279
Hero Member
*
Offline Offline

Posts: 1710847279

View Profile Personal Message (Offline)

Ignore
1710847279
Reply with quote  #2

1710847279
Report to moderator
1710847279
Hero Member
*
Offline Offline

Posts: 1710847279

View Profile Personal Message (Offline)

Ignore
1710847279
Reply with quote  #2

1710847279
Report to moderator
Activity + Trust + Earned Merit == The Most Recognized Users on Bitcointalk
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
1710847279
Hero Member
*
Offline Offline

Posts: 1710847279

View Profile Personal Message (Offline)

Ignore
1710847279
Reply with quote  #2

1710847279
Report to moderator
oakpacific
Hero Member
*****
Offline Offline

Activity: 784
Merit: 1000


View Profile
November 25, 2013, 09:57:00 AM
 #6762

So it's Monday and we are back with the joy of following after Mr.Gold for a scuba dive. Wink

https://tlsnotary.org/ Fraud proofing decentralized fiat-Bitcoin trading.
cypherdoc (OP)
Legendary
*
Offline Offline

Activity: 1764
Merit: 1002



View Profile
November 25, 2013, 11:22:44 AM
 #6763

Gold collapsing. Bitcoin UP.
cypherdoc (OP)
Legendary
*
Offline Offline

Activity: 1764
Merit: 1002



View Profile
November 25, 2013, 05:21:05 PM
 #6764

a new milestone.  3 yr daily chart.  plumbing new lows:

Melbustus
Legendary
*
Offline Offline

Activity: 1722
Merit: 1003



View Profile
November 25, 2013, 05:33:26 PM
 #6765

a new milestone.  3 yr daily chart.  plumbing new lows:




I'd prefer to meet Parity from the other side, but I suppose this works too.

Bitcoin is the first monetary system to credibly offer perfect information to all economic participants.
justusranvier
Legendary
*
Offline Offline

Activity: 1400
Merit: 1006



View Profile
November 26, 2013, 04:51:55 AM
 #6766

cypherdoc (OP)
Legendary
*
Offline Offline

Activity: 1764
Merit: 1002



View Profile
November 26, 2013, 04:56:21 AM
 #6767

Gold collapsing.  Bitcoin UP.
manfred
Legendary
*
Offline Offline

Activity: 966
Merit: 1001


Energy is Wealth


View Profile
November 26, 2013, 08:43:55 AM
 #6768

Converted some gold to litecoins last week. Should have brought more lites by the look of things. 
Erdogan
Legendary
*
Offline Offline

Activity: 1512
Merit: 1005



View Profile
November 26, 2013, 10:13:51 AM
 #6769


The mystery here is why is not gold going up, at least moderately?
NewLiberty
Legendary
*
Offline Offline

Activity: 1204
Merit: 1002


Gresham's Lawyer


View Profile WWW
November 26, 2013, 12:45:25 PM
 #6770


The mystery here is why is not gold going up, at least moderately?

Gold is heavily manipulated.  Primarily this is done by sovereign wealth funds and central banks.
Saudi and USSR used to be the big movers.
Of late it has been the US federal reserve dropping the price over the last year or so, ever since a handful of nations asked to repatriate their gold.
So... since the price is set by the ETFs these days, the bullion banks can sell naked short the ETF as much as they like, backed by the Fed.  They can take many billions in slippage losses in the fiat currency to drive it down.  
Once they have the physical at the new lower price, they can buy and ship.  They asked the foreign nations (Deutshland primarily) to wait seven years for delivery (even though the gold would have fit on a few jumbo jets and logistically could have been arranged in a matter of weeks).

The gold price is primarily not set by the market in which we participate, and hasn't been for a long time.

Perversely as dollar risk rises, some folks will move to gold from bonds as interest rates climb so the gold bears will get some help there too.
When it gets cheap enough, they will load up their truck with the stuff.

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
cypherdoc (OP)
Legendary
*
Offline Offline

Activity: 1764
Merit: 1002



View Profile
November 26, 2013, 03:31:36 PM
 #6771


The mystery here is why is not gold going up, at least moderately?

Gold is heavily manipulated.  Primarily this is done by sovereign wealth funds and central banks.
Saudi and USSR used to be the big movers.
Of late it has been the US federal reserve dropping the price over the last year or so, ever since a handful of nations asked to repatriate their gold.
So... since the price is set by the ETFs these days, the bullion banks can sell naked short the ETF as much as they like, backed by the Fed.  They can take many billions in slippage losses in the fiat currency to drive it down.  
Once they have the physical at the new lower price, they can buy and ship.  They asked the foreign nations (Deutshland primarily) to wait seven years for delivery (even though the gold would have fit on a few jumbo jets and logistically could have been arranged in a matter of weeks).

The gold price is primarily not set by the market in which we participate, and hasn't been for a long time.

Perversely as dollar risk rises, some folks will move to gold from bonds as interest rates climb so the gold bears will get some help there too.
When it gets cheap enough, they will load up their truck with the stuff.

so explain to all of us why they let gold rise from 250 to 1921 from 2000 to 2011.

don't say they manipulated it up as that wouldn't explain why Gordon Brown sold the UK's gold reserves at the bottom of 2000.
rpietila
Donator
Legendary
*
Offline Offline

Activity: 1722
Merit: 1036



View Profile
November 26, 2013, 03:52:20 PM
 #6772

so explain to all of us why they let gold rise from $250 to $1921 from 2000 to 2011.

don't say they manipulated it up as that wouldn't explain why Gordon Brown sold the UK's gold reserves at the bottom of 2000.

They thought that because of their successful manipulation, gold was cheap in 2000, so they would like to buy some from UK and other signatories. It was not needed to actively manipulate it up, it would rise quite naturally after so long suppression.

Gold's market cap had become minuscule compared to their derivative machinations so buying up more and more gold was not a sacrifice for them.

In 2000 they thought that gold would be useful.

HIM TVA Dragon, AOK-GM, Emperor of the Earth, Creator of the World, King of Crypto Kingdom, Lord of Malla, AOD-GEN, SA-GEN5, Ministry of Plenty (Join NOW!), Professor of Economics and Theology, Ph.D, AM, Chairman, Treasurer, Founder, CEO, 3*MG-2, 82*OHK, NKP, WTF, FFF, etc(x3)
cypherdoc (OP)
Legendary
*
Offline Offline

Activity: 1764
Merit: 1002



View Profile
November 26, 2013, 04:19:52 PM
 #6773

so explain to all of us why they let gold rise from $250 to $1921 from 2000 to 2011.

don't say they manipulated it up as that wouldn't explain why Gordon Brown sold the UK's gold reserves at the bottom of 2000.

They thought that because of their successful manipulation, gold was cheap in 2000, so they would like to buy some from UK and other signatories. It was not needed to actively manipulate it up, it would rise quite naturally after so long suppression.

Gold's market cap had become minuscule compared to their derivative machinations so buying up more and more gold was not a sacrifice for them.

In 2000 they thought that gold would be useful.

but they, in this context, implicates central banksters/bullion dealers and thus the Dark Side.

Gordon Brown and the Chancellor of the Exchequer are part of them.

there's an inconsistency in your logic.
thezerg
Legendary
*
Offline Offline

Activity: 1246
Merit: 1010


View Profile
November 26, 2013, 04:40:23 PM
 #6774

so explain to all of us why they let gold rise from $250 to $1921 from 2000 to 2011.

don't say they manipulated it up as that wouldn't explain why Gordon Brown sold the UK's gold reserves at the bottom of 2000.

They thought that because of their successful manipulation, gold was cheap in 2000, so they would like to buy some from UK and other signatories. It was not needed to actively manipulate it up, it would rise quite naturally after so long suppression.

Gold's market cap had become minuscule compared to their derivative machinations so buying up more and more gold was not a sacrifice for them.

In 2000 they thought that gold would be useful.

but they, in this context, implicates central banksters/bullion dealers and thus the Dark Side.

Gordon Brown and the Chancellor of the Exchequer are part of them.

there's an inconsistency in your logic.

Even if you tin-foil-hatters imagine that there is a "they", a new world order, a conspiracy of some kind to do something, it would be foolish to consider that "they" are some kind of autocratic Dr. Evil top-down organization.  It would instead be a loose confederation of competing individuals who have some agreements that benefit themselves to the detriment of the rest of the world.  Think of a "survivor" alliance or one made while playing "risk" -- all know that in the end there can be only one.  Should one member choose or be induced to sell gold at the bottom, the others would simply take advantage.

vokain
Legendary
*
Online Online

Activity: 1834
Merit: 1019



View Profile WWW
November 26, 2013, 05:06:13 PM
 #6775

so explain to all of us why they let gold rise from $250 to $1921 from 2000 to 2011.

don't say they manipulated it up as that wouldn't explain why Gordon Brown sold the UK's gold reserves at the bottom of 2000.

They thought that because of their successful manipulation, gold was cheap in 2000, so they would like to buy some from UK and other signatories. It was not needed to actively manipulate it up, it would rise quite naturally after so long suppression.

Gold's market cap had become minuscule compared to their derivative machinations so buying up more and more gold was not a sacrifice for them.

In 2000 they thought that gold would be useful.

but they, in this context, implicates central banksters/bullion dealers and thus the Dark Side.

Gordon Brown and the Chancellor of the Exchequer are part of them.

there's an inconsistency in your logic.

Even if you tin-foil-hatters imagine that there is a "they", a new world order, a conspiracy of some kind to do something, it would be foolish to consider that "they" are some kind of autocratic Dr. Evil top-down organization.  It would instead be a loose confederation of competing individuals who have some agreements that benefit themselves to the detriment of the rest of the world.  Think of a "survivor" alliance or one made while playing "risk" -- all know that in the end there can be only one.  Should one member choose or be induced to sell gold at the bottom, the others would simply take advantage.



would it not be more effective/competitive against everyone else if they actually did collude?
rpietila
Donator
Legendary
*
Offline Offline

Activity: 1722
Merit: 1036



View Profile
November 26, 2013, 05:09:56 PM
 #6776

Do you actually not understand?  Huh

The gold was sold by the banksters from the "public" pocket of Her Majesty's Treasury to the "private" pocket of Rothschild, when the time was opportune:

- The populace could be convinced that it was beneficial to get rid of gold
- Price was low for the buyer
- Buyer had ample means to pay due to expansion of fiat and financial instruments.

HIM TVA Dragon, AOK-GM, Emperor of the Earth, Creator of the World, King of Crypto Kingdom, Lord of Malla, AOD-GEN, SA-GEN5, Ministry of Plenty (Join NOW!), Professor of Economics and Theology, Ph.D, AM, Chairman, Treasurer, Founder, CEO, 3*MG-2, 82*OHK, NKP, WTF, FFF, etc(x3)
Morbid
Legendary
*
Offline Offline

Activity: 1202
Merit: 1015



View Profile
November 26, 2013, 05:31:06 PM
 #6777

Do you actually not understand?  Huh

The gold was sold by the banksters from the "public" pocket of Her Majesty's Treasury to the "private" pocket of Rothschild, when the time was opportune:

- The populace could be convinced that it was beneficial to get rid of gold
- Price was low for the buyer
- Buyer had ample means to pay due to expansion of fiat and financial instruments.

the whole of uk went facepalming when that became evident. though somehow the media convinced the public that fiat is as good as gold. pathetic. in the long run it seems rothchilds were smarter than rockefellers while believing in gold. rockefeller's clan is at the final stage of world dominance with their printing shop. turn for house of rothchild rise to power within china. most of their gold is now in hong kong together with their new base of operations. i wonder when they'll see potential of cryptos..
Grafzep
Member
**
Offline Offline

Activity: 91
Merit: 10


View Profile
November 26, 2013, 07:25:25 PM
Last edit: November 27, 2013, 10:38:46 AM by Grafzep
 #6778

I was into gold in the late 90s.

At the time the goldbugs forum was kitco (before the site was changed), and it was similar in some ways to this place except that it was essentially one long board rather than a subdivided forum. It was also the exact opposite in terms of sentiment: mostly unending despair rather than the euphoria found here.

I went there (and PMs in general) some time after Greenspan's "irrational exuberance" speech – which didn’t stop the mad stock market and wasn’t followed by real dampening action. Mainly bugs just couldn't believe that the money printing and stock market froth could possibly continue (what's changed?), and so they bought the gold that everyone else was selling and laughing at. The mood at the time was that PMs were dead, apart from their small industrial use, and that you’d be mad to hold such an out of date asset in the modern world of omnipotent Central Banks. Not only didn’t you get interest, you actually had to pay people to store it, and heaven help you if you wanted to move it around. We bugs ate crow for years.

All the clever people were dis-investing. You couldn’t give silver away, and even on kitco it was commonly called “sludge”. I wasn’t especially clever, but I figured a storm was coming and I liked that an ounce of gold bought a loaf of bread a day for year in Roman times, and in 98 it still did.

The feeling at the time was because a rising gold price had always been seen as a signal that something was amiss in fiat land, the Central Banks would manipulate the hell out of it to keep it low and the investors calm. The feeling was also that this was largely accomplished by the gold carry trade: lend to the bullion banks at around a quarter percent (thus also showing that you were clever enough to raise a return on the barbarous relic) who would then sell to buy US treasuries at 4 percent. BBs got free money and the CBs got a lower gold price and apparent approval from the markets. As for the unwinding, well, we’ll see how Germany does in the next few years

Gordon Brown just followed conventional wisdom – why hold a non-performing, declining asset when you could swap for USD and get your interest. The Chinese, Russians, Germans and a few kitco tinfoil hatters bought.


edit: to remove excessive detail
cypherdoc (OP)
Legendary
*
Offline Offline

Activity: 1764
Merit: 1002



View Profile
November 26, 2013, 07:40:46 PM
 #6779

Gold collapsing.  Bitcoin UP.
justusranvier
Legendary
*
Offline Offline

Activity: 1400
Merit: 1006



View Profile
November 26, 2013, 07:42:18 PM
 #6780

Pretty soon I'm not going to be able to update the gold price in BTC graph, because for some reason Libreoffice does not allow negative values on the axis limits of a log scale chart.
Pages: « 1 ... 289 290 291 292 293 294 295 296 297 298 299 300 301 302 303 304 305 306 307 308 309 310 311 312 313 314 315 316 317 318 319 320 321 322 323 324 325 326 327 328 329 330 331 332 333 334 335 336 337 338 [339] 340 341 342 343 344 345 346 347 348 349 350 351 352 353 354 355 356 357 358 359 360 361 362 363 364 365 366 367 368 369 370 371 372 373 374 375 376 377 378 379 380 381 382 383 384 385 386 387 388 389 ... 1557 »
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!