Gold collapsing. Bitcoin UP.

[flynn]

In Chinese we use the color of gold to describe something that routinely comes out of your anus.

Now this is interesting. Do you know where that comes from ?

[1714262432]

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[notme]

In Chinese we use the color of gold to describe something that routinely comes out of your anus.

Now this is interesting. Do you know where that comes from ?

Ancient savings account.  Too much gold now that you might need later?  Down the hatch.

[rpietila]

I don't know.  Its won't be long before I can trade 1 btc for that trillion dollar thingy - I'd give it til Christmas

This.

If government could make a 1oz platinum round worth more than it is in free market (about BTC1 currently), surely they would have eradicated poverty by now.. 

[GeniuSxBoY]

I traded 1.6 bitcoin for 108.80 ounces of 90% dimes yesterday.

[rpietila]

I also realized that Silvervault's net capital is now 90% BTC, 10% circulated silver.
All the other previously silver companies of mine, same thing.

[miscreanity]

The authoritative opposition to Bitcoin will likely be along the lines of this:

e-Gold Founder Launches New Gold Backed Currency

A  transitionary solution at best.

[justusranvier]

The authoritative opposition to Bitcoin will likely be along the lines of this:

e-Gold Founder Launches New Gold Backed Currency

A  transitionary solution at best.

All the downsides associated with electronic money combined with the counterparty risk of traditional banking in a single package.

Truly a visionary product.

[Spaceman_Spiff]

The authoritative opposition to Bitcoin will likely be along the lines of this:

e-Gold Founder Launches New Gold Backed Currency

A  transitionary solution at best.

All the downsides associated with electronic money combined with the counterparty risk of traditional banking in a single package.

Truly a visionary product.

[Erdogan]

The authoritative opposition to Bitcoin will likely be along the lines of this:

e-Gold Founder Launches New Gold Backed Currency

A  transitionary solution at best.

There was no details.

Why not just produce gold coins named something grams, grains or oz? And notes fully backed by those coins, also denoted in weight. We don't need this almost-unlike-dollar-gold-money nonsense.

Edit: Almost, but not completely, unlike dollars.

[Adrian-x]

I also realized that Silvervault's net capital is now 90% BTC, 10% circulated silver.
All the other previously silver companies of mine, same thing.

Congratulations, I'm hoping your Bitcoin have grown in value.
My Bitcoin portion has radically distorted previous allocation ratios.
and despite the volatility it feels more secure.

[vokain]

I also realized that Silvervault's net capital is now 90% BTC, 10% circulated silver.
All the other previously silver companies of mine, same thing.

Congratulations, I'm hoping your Bitcoin have grown in value.
My Bitcoin portion has radically distorted previous allocation ratios.
and despite the volatility it feels more secure.

that's because the volatility is kind of biased towards one side
the up side

[cypherdoc]

hey Chaang,

you're gonna be rich!

[cypherdoc]

Gold collapsing.  Bitcoin UP.

[cypherdoc]

miscreanity, iz it tim yut?

[notme]

So what happens if we break below $1200?

[ElectricMucus]

So what happens if we break below $1200?

capitulation then bounce.

[jojo69]

All the downsides associated with electronic money combined with the counterparty risk of traditional banking in a single package.

Truly a visionary product.

THIS is why I frequent this thread

[molecular]

Where do you people from EU buy physical silver. We have 22% tax, so I buy it in Germany - 7% tax. But after new year, tax will go up in Germany too.

Where will be best place to buy physical silver next year in EU?

Pro-tip: ASK rpietila

[User705]

Where do you people from EU buy physical silver. We have 22% tax, so I buy it in Germany - 7% tax. But after new year, tax will go up in Germany too.

Where will be best place to buy physical silver next year in EU?

Pro-tip: ASK rpietila

Sorry for OT but don't you still have to pay the tax?  In USA the state sales tax if not paid by customer when he buys out of state is then supposed to be self paid by filing some form.  I would assume it's the same in this situation isn't it?

[bitcodo]

Where do you people from EU buy physical silver. We have 22% tax, so I buy it in Germany - 7% tax. But after new year, tax will go up in Germany too.

Where will be best place to buy physical silver next year in EU?

Pro-tip: ASK rpietila

Sorry for OT but don't you still have to pay the tax?  In USA the state sales tax if not paid by customer when he buys out of state is then supposed to be self paid by filing some form.  I would assume it's the same in this situation isn't it?

Estonia. They are the only country in the EU without VAT on silver. I think forum member rpietila can confirm this.

Estonia is without VAT, but price is not so much lower.

I use http://www.bullion-investor.com/silver/philharmoniker to check price.

You pay VAT where you buy. But when seller sells too much (exceeds some quota), he must pay extra VAT. So best known silver sellers from Germany don't send to my country any more (they did earlier this year, before they sold too much).