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Author Topic: Gold collapsing. Bitcoin UP.  (Read 1804152 times)
cypherdoc
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November 26, 2013, 04:19:52 PM
 #6781

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.
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November 26, 2013, 04:40:23 PM
 #6782

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.

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November 26, 2013, 05:06:13 PM
 #6783

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?

...مكتوب
Escape the plutocrats’ zanpakutō, Flower in the Mirror, Moon on the Water: brave “the ascent which is rough and steep” (Plato).
rpietila
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November 26, 2013, 05:09:56 PM
 #6784

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.

Morbid
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November 26, 2013, 05:31:06 PM
 #6785

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..

"between 'lives' we all have a great laugh about the parts we have performed in the 'play', and look forward to and have great fun preparing the next chapters to act out."
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November 26, 2013, 07:25:25 PM
 #6786

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
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November 26, 2013, 07:40:46 PM
 #6787

Gold collapsing.  Bitcoin UP.
justusranvier
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November 26, 2013, 07:42:18 PM
 #6788

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.
manfred
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November 26, 2013, 10:00:03 PM
 #6789

I miss the old kitco board. That was good times.


There you go, and i thought the good times are now. New ATH left right centre
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November 26, 2013, 10:02:24 PM
 #6790

I miss the old kitco board. That was good times.



Would you mind if I asked your age?

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November 26, 2013, 10:20:08 PM
 #6791

I miss the old kitco board. That was good times.



A gulp, a puff and a crunch to ya! Namaste.
tvbcof
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November 26, 2013, 10:25:56 PM
 #6792

I miss the old kitco board. That was good times.

I never spent much time there (if any.)  I used to read the usagold forum pretty regularly until it shut down, but I never really participated.

In other news, I might be interested in trading somewhere in the 100 to 200 large USD's worth of BTC straight across for gold and/or silver sometime in January next year if nothing much changes.  If I do so, it will be in a way which protects my ass 100% and is totally legal.  Anyone who is interested is welcome to ping me to discuss the possibilities.  I'm not interested in a whole lot of smaller deals because this promises to be a hassle.  I'm only interested if the fees that I (and the other party) save make it worthwhile.


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November 26, 2013, 10:26:13 PM
 #6793

I miss the old kitco board. That was good times.


There you go, and i thought the good times are now. New ATH left right centre

This is too easy, a no-brainer. Back in them days we had to fight, goddam kids today ain't got no idea...
jojo69
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November 26, 2013, 11:00:01 PM
 #6794

yeah, the old kitco board was a hoot, anyone remember GotGoldies, oh man, lots of luls

finally a bunch of us tired of it and ran off to a private silver board, had good times there too

This is not some pseudoeconomic post-modern Libertarian cult, it's an un-led, crowd-sourced mega startup organized around mutual self-interest where problems, whether of the theoretical or purely practical variety, are treated as temporary and, ultimately, solvable.
Censorship of e-gold was easy. Censorship of Bitcoin will be… entertaining.
wachtwoord
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November 26, 2013, 11:00:18 PM
 #6795

I miss the old kitco board. That was good times.



Would you mind if I asked your age?

i'm 30.



im bit of an odd duck i know. i bought my first gold coin and stock at the age of 10.   it was a 1/4th eagle and some k-mart stock. did well at both.  iv not bought stock at all sine age 18 or so, figured out quick that was a pile of fail.





Ah you're not that much older than me as I thought. I was beginning to doubt that when you started talking about a forum someone said was active in the 90s Tongue

Why do you disregard owning any form of equity in all companies in the world? What's wrong with owning a undervalued company with a nice solid FCF yield?

Disclosure: I never owned PMs (not even in jewelry)

wachtwoord
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November 26, 2013, 11:08:18 PM
 #6796


i dont trust the govt.


Me neither. Before Bitcoin I had no way of acting on that however and I had no choice. Now I'm pretty well hedged with my Bitcoin holdings.

Then again, pretty soon I'm going to have to report my assets to the IRS. Paying tax isn't nice but okay. The worst part is that they know what I have. What if they pull on me what the US pulled on Gold owners in 1933?

randomguy7
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November 26, 2013, 11:16:32 PM
 #6797

Well you can't send them your coins if you failed to do proper backups and lost access to them. Whops  Grin
wachtwoord
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November 26, 2013, 11:18:49 PM
 #6798

Well you can't send them your coins if you failed to do proper backups and lost access to them. Whops  Grin

True. I'd assume they would do a little more research than that however. End if a state starts to steal so actively (besides normal taxes) they usually start getting physically aggressive as well.

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November 26, 2013, 11:21:49 PM
 #6799

yeah, the old kitco board was a hoot, anyone remember GotGoldies, oh man, lots of luls

finally a bunch of us tired of it and ran off to a private silver board, had good times there too

So many handles forgotten. I do remember we had a meet in London, people came from all over, Europe, even New Zealand. Folk handing out coins, drinking in the old Bank of England vaults. I think most sold out long before Squillionaire Acres, lots sold after the world didn't end on 1st Jan 2000. Some of the guys that were greybeards then must be past caring...
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November 27, 2013, 01:04:36 AM
 #6800


now that was some eipc stuff....



Care to elaborate...? Smiley

Bitcoin is the first monetary system to credibly offer perfect information to all economic participants.
But Bitcointalk & /r/bitcoin are heavily censored. bitco.in/forum, forum.bitcoin.com, and /r/btc are open.
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