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Author Topic: Gold collapsing. Bitcoin UP.  (Read 1933442 times)
zeetubes
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May 18, 2014, 01:32:30 AM
 #8101


Damn, that is a great report. The economist doing what it does best. Thanks for sharing!
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cypherdoc
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May 20, 2014, 03:21:40 AM
 #8102

Boom
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May 20, 2014, 03:40:12 AM
 #8103

hugely disappointing intraday reversal:

El Cabron
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May 20, 2014, 09:52:42 AM
 #8104

hugely disappointing intraday reversal:




Gold is down 2.5 dollars from 30 days ago... It is fucking free falling!!!1!

Sorry El Cabron, you are banned from posting or sending personal messages on this forum.
Trolling
https://bitcointalk.org/index.php?topic=622250.msg7030081#msg7030081
cypherdoc
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May 20, 2014, 02:27:48 PM
 #8105

hugely disappointing intraday reversal:




Gold is down 2.5 dollars from 30 days ago... It is fucking free falling!!!1!


We touched it once. We'll touch it again.

As we blow by it. This could be it.
El Cabron
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May 20, 2014, 03:07:37 PM
 #8106

we are now down 40 cents for the last 30 days! panic!

Sorry El Cabron, you are banned from posting or sending personal messages on this forum.
Trolling
https://bitcointalk.org/index.php?topic=622250.msg7030081#msg7030081
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May 20, 2014, 03:10:31 PM
 #8107


Damn, that is a great report. The economist doing what it does best. Thanks for sharing!

halfway through... great article but so far it has not been that specific in describing why the "shadow" system can offer loans banks cannot.  Is it efficiency?  Is this a poster-child example of regulatory compliance pushing an industry to the point where it can no longer function?

Edit: @Goat: troll much?  Grin  cypherdoc has previously admitted in this thread that the "collapsing" subject was meant more to trigger controversy... personally, I don't see a collapse either; I see a slow drain of value which could be completely overrun by the movement of assets currently held in fiat denominated instruments shift to non-central-bank controlled means of exchange.
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May 20, 2014, 03:27:08 PM
 #8108

we are now down 40 cents for the last 30 days! panic!

Goat

you're better off selling your gold and silver now and switching to Bitcoin.
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May 20, 2014, 03:45:05 PM
 #8109

we are now down 40 cents for the last 30 days! panic!

Goat

you're better off selling your gold and silver now and switching to Bitcoin.

I think Goat is in what's also known as a "win-win situation"
cypherdoc
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May 20, 2014, 04:13:40 PM
 #8110

we are now down 40 cents for the last 30 days! panic!

Goat

you're better off selling your gold and silver now and switching to Bitcoin.

I think Goat is in what's also known as a "win-win situation"

what you really mean is that just b/c he said this...:



Sure gold could lose 70% of it's value before then, but fiat is dead....
 

...he can claim he was right no matter what happens. 

par for his course.
wachtwoord
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May 20, 2014, 04:16:19 PM
 #8111

we are now down 40 cents for the last 30 days! panic!

Goat

you're better off selling your gold and silver now and switching to Bitcoin.

I think Goat is in what's also known as a "win-win situation"

what you really mean is that just b/c he said this...:



Sure gold could lose 70% of it's value before then, but fiat is dead....
 

...he can claim he was right no matter what happens. 

par for his course.

Nah, I say it because he holds more gold than my net worth, more land than my net worth, more silver than my net wort, more Bitcoin than my net worth and likely more Litecoin than my net worth.
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May 20, 2014, 04:18:50 PM
 #8112

we are now down 40 cents for the last 30 days! panic!

Goat

you're better off selling your gold and silver now and switching to Bitcoin.

I think Goat is in what's also known as a "win-win situation"

what you really mean is that just b/c he said this...:



Sure gold could lose 70% of it's value before then, but fiat is dead....
 

...he can claim he was right no matter what happens. 

par for his course.

Nah, I say it because he holds more gold than my net worth, more land than my net worth, more silver than my net wort, more Bitcoin than my net worth and likely more Litecoin than my net worth.

probably, but you never know.

he does have a Lambo! Wink
wachtwoord
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May 20, 2014, 04:25:44 PM
 #8113

Yes he also holds more Lambo's than me.
sgbett
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May 20, 2014, 04:28:41 PM
 #8114

Yes he also holds more Lambo's than me.

Have no fear, you are not alone Wink

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"A purely peer-to-peer version of electronic cash would allow online payments to be sent directly from one party to another without going through a financial institution" - Satoshi Nakamoto
wachtwoord
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May 20, 2014, 04:31:30 PM
 #8115

Yes he also holds more Lambo's than me.

Have no fear, you are not alone Wink

Good, I was starting to feel poor Wink
cypherdoc
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May 20, 2014, 04:52:09 PM
 #8116

Boom!
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May 20, 2014, 04:52:42 PM
 #8117

thezerg
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May 20, 2014, 05:39:41 PM
 #8118

Yes he also holds more Lambo's than me.

I notice that you didn't say "more Lambo than my net worth" so you must not be doing too badly  Smiley
bitcoinsrus
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May 20, 2014, 05:42:18 PM
 #8119

Yes he also holds more Lambo's than me.

I notice that you didn't say "more Lambo than my net worth" so you must not be doing too badly  Smiley

Check out my lambo....1/10th the price and the manufacturer said its made somewhere in Taiwan so I guess its imported  Grin

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May 20, 2014, 08:22:20 PM
 #8120

Nah gold is just fine.  Cool

Gold: mined with massive mechanical and chemical effort from the ground, by real people doing real work. Total supply on planet limited.

BTC: mined with epic difficulty increase, needs knowhow and special technology. A bit virtual but still needs real people and real computational work.

USD: idiot with tie around his neck sits at an old Federal Reserve 486 monochrome computer terminal, types 45 then types 000 000 000 then hits SEND button -> monthly QE government bond purchase amount has been created. Cost? Maybe 10 cents in materials and 10$ in time

Any questions what's collapsing here?  Grin

Truth is the new hatespeech.
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