justusranvier
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December 03, 2013, 08:07:21 AM |
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gold has been around for 4000 years, i bet it will be around 4000 more  Horses were the primary form of land transportation for those same 4000 years. How much has daily life changed in the last 100 years, to say nothing of the last 4000? |
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rpietila
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December 03, 2013, 08:09:03 AM |
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If a large fraction of BTC users will start to corner physical silver like they now corner altcoins, there will be a real short squeeze. The investment silver net flow is like +100Moz/year and cannot be increased by increasing the price. It is about the same as BTC net increase (mining) this year.
Wohoo! BTC is as big as silver. But the squeeze in silver is coming, my mentors have explained that.
yeah, it would be great if a bunch of silver lovers like me, were able to just keep stacking physical until they have to cover im in no hurry for that, and really hope the price of silver stays low for the next 5 years at least. i want to keep stacking This is getting interesting. Hopefully they have a plan B for a large cash purchaser of physical silver. Otherwise there'll be fun in the exchanges  |
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)
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justusranvier
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December 03, 2013, 08:12:37 AM |
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Grafzep
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December 03, 2013, 10:14:45 AM |
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But the squeeze in silver is coming, my mentors have explained that.
The squeeze in silver has been imminent for at least the 15 years since I first bought. Hell, I remember the Hunt brothers trying to help it happen. Your mentors are playing you. |
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wachtwoord
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December 03, 2013, 10:16:42 AM |
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Yup I would say the rise of crypto is a negative catalyst for PMs.
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marcus_of_augustus
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Eadem mutata resurgo
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December 03, 2013, 10:21:03 AM |
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I'm not so sure ... if a determined group of crypto holders were to effect a physical short squeeze in the PM market things would get very, very interesting.
It is largely due to the unwillingness of the billionaire establishment set to take on the fiat banksters in the PM markets and dump their debt 'assets' that the wretched paper game has gone on so long.
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Grafzep
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December 03, 2013, 10:29:23 AM |
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I'm not so sure ... if a determined group of crypto holders were to effect a physical short squeeze in the PM market things would get very, very interesting.
It is largely due to the unwillingness of the billionaire establishment set to take on the fiat banksters in the PM markets and dump their debt 'assets' that the wretched paper game has gone on so long.
Everyone has their price. Go play with Comex, with or without friends taking large positions, promise yourselves you'll insist on physical delivery. The price will go up to match, and they'll end up throwing money at you to go away. At some point you will. Edit: personal specifics removed |
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marcus_of_augustus
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Eadem mutata resurgo
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December 03, 2013, 10:44:54 AM |
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Everyone has their price Hehehe, i think you underestimate the new breed coming through .. this is about money but is NOT about THE money. |
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wachtwoord
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December 03, 2013, 10:53:15 AM |
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Everyone has their price Hehehe, i think you underestimate the new breed coming through .. this is about money but is NOT about THE money. It's about wealth and power. Ain't it always?  |
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Grafzep
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December 03, 2013, 10:54:08 AM |
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Ha, good point. That would be the real black swan.
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rpietila
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December 03, 2013, 01:02:48 PM |
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Everyone has their price Hehehe, i think you underestimate the new breed coming through .. this is about money but is NOT about THE money. Hehe, who would accept fiat in exchange for delivery of silver. If they don't have BTC or silver, they better have gold. Lots of it  |
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)
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Grafzep
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December 03, 2013, 01:44:50 PM |
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Everyone has their price Hehehe, i think you underestimate the new breed coming through .. this is about money but is NOT about THE money. Hehe, who would accept fiat in exchange for delivery of silver. If they don't have BTC or silver, they better have gold. Lots of it Er, pretty much every player, every settlement day. People take profits, reinvest, diversify, pay school fees... There's a whole world out there of people making money on the opportunities and passing on the the kool-aid. |
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wachtwoord
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December 03, 2013, 01:46:11 PM |
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Everyone has their price Hehehe, i think you underestimate the new breed coming through .. this is about money but is NOT about THE money. Hehe, who would accept fiat in exchange for delivery of silver. If they don't have BTC or silver, they better have gold. Lots of it Er, pretty much every player, every settlement day. People take profits, reinvest, diversify, pay school fees... There's a whole world out there of people making money on the opportunities and passing on the the kool-aid. Well of course but I'm pretty sure rpietila knows this |
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Grafzep
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December 03, 2013, 01:58:58 PM |
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No doubt. At the end of the day, we're amongst friends here: just quibbling at the margins of our preferred PM:BTC:$:property:etc ratios
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rpietila
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December 03, 2013, 02:13:14 PM |
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If someone would take the effort to call the worldwide silver bluff, he will not take fiat.
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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)
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btcprice
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December 03, 2013, 02:21:36 PM |
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Gold is down to $1220/oz. Our precious bitcoin is up to $1155. Could we see parity again soon?
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Grafzep
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December 03, 2013, 02:34:10 PM |
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If someone would take the effort to call the worldwide silver bluff, he will not take fiat.
And who is this "someone"? You? Can't you see it's close to "buy all the bitcoins". It ain't gonna happen. Forty years ago the multi-billionaire Hunts had a go (back when a billion really was a billion). They had their butts handed back. For the last decades every anarchy-conspiracist who's read Ted Butler thinks they've found "the squeeze". You seem to have made a good living buying and selling the stuff - don't do your own gear. |
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wachtwoord
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December 03, 2013, 04:00:51 PM |
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gold has been around for 4000 years, i bet it will be around 4000 more Horses were the primary form of land transportation for those same 4000 years. How much has daily life changed in the last 100 years, to say nothing of the last 4000? Very true but at times i still ride. And when i do its the best form of transport. Unless telaporters i think they will be around Gold will certainly be around (especially the ladies love it). Will it represent purchasing power remotely comparable to today is a completely different question. I do agree it's a nice hedge against crypto failing. Working my ass of is the only true hedge I have and I would prefer not to. |
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jojo69
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diamond-handed zealot
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December 03, 2013, 04:10:53 PM |
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If someone would take the effort to call the worldwide silver bluff, he will not take fiat.
And who is this "someone"? You? Can't you see it's close to "buy all the bitcoins". It ain't gonna happen. Forty years ago the multi-billionaire Hunts had a go (back when a billion really was a billion). They had their butts handed back. For the last decades every anarchy-conspiracist who's read Ted Butler thinks they've found "the squeeze". You seem to have made a good living buying and selling the stuff - don't do your own gear. excuse me, the system saw the threat of the Hunts unmasking their charade and changed the rules mid battle |
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.
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Grafzep
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December 03, 2013, 04:39:30 PM |
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If someone would take the effort to call the worldwide silver bluff, he will not take fiat.
And who is this "someone"? You? Can't you see it's close to "buy all the bitcoins". It ain't gonna happen. Forty years ago the multi-billionaire Hunts had a go (back when a billion really was a billion). They had their butts handed back. For the last decades every anarchy-conspiracist who's read Ted Butler thinks they've found "the squeeze". You seem to have made a good living buying and selling the stuff - don't do your own gear. excuse me, the system saw the threat of the Hunts unmasking their charade and changed the rules mid battle Yup, that is the system |
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