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Author Topic: Gold collapsing. Bitcoin UP.  (Read 2011325 times)
tvbcof
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June 08, 2014, 02:16:14 AM
 #8601

the long term cyclical top was back in Sept 2011.

I am still not ready to believe this. I tend to think that we are now in the bear trap phase on the infamous "anatomy of a bubble" chart and the final run-up in gold is still to come.

After that happens I think gold will ultimately deflate as it will lose most of its monetary premium to crypto.

no chance

obvious peak is obvious.

15$ silver coming soon, bottom at 13.8, maybe lower... and its not like its going to jump 200% after bottoming, historicaly PM hardly keep up with infaltion.

coin collecting isn't an investment, its a hobby.

'coin collecting' as you call it has been a mighty lucrative hobby for me.  Not as lucrative as my Bitcoin hobby though, that's for sure (especially if one cancels out the first half of 2014 which has been a something of a joner in bitcoinland.)


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zeetubes
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June 08, 2014, 02:20:46 AM
 #8602

"obvious peak is obvious."

Nothing in the current markets is obvious unless you work for Goldman Sachs (of shit) or the Fed. Silver could obviously be driven lower but not for any logical reasons involving supply and demand. If the new iphone outsells android phones then it wouldn't be obvious to state that apple shares should drop 20%.
adamstgBit
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June 08, 2014, 02:31:35 AM
 #8603

"obvious peak is obvious."

Nothing in the current markets is obvious unless you work for Goldman Sachs (of shit) or the Fed. Silver could obviously be driven lower but not for any logical reasons involving supply and demand. If the new iphone outsells android phones then it wouldn't be obvious to state that apple shares should drop 20%.

idk

i'm relatively sure PM was in a bubble. I don't buy that "they" are totally warping the "paper price", banks shorted the PM bubble thats not manipulation thats just good trading...

jeffersonairplane
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June 08, 2014, 03:11:36 AM
 #8604

It could easily flip to be perfectly honest. I would bet that it will in the near future.
zeetubes
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June 08, 2014, 11:38:54 AM
 #8605

"obvious peak is obvious."

Nothing in the current markets is obvious unless you work for Goldman Sachs (of shit) or the Fed. Silver could obviously be driven lower but not for any logical reasons involving supply and demand. If the new iphone outsells android phones then it wouldn't be obvious to state that apple shares should drop 20%.

idk

i'm relatively sure PM was in a bubble. I don't buy that "they" are totally warping the "paper price", banks shorted the PM bubble thats not manipulation thats just good trading...


I don't know either. I don't work in that side of finance. But it seems to me that current and recent silver demand is more than mine supply and silver's industrial application is still strong. If more people buy BTC than sell then the price goes up but who knows for how long until the big players get involved and start bending the BTC market. Did you read about the recent "mini puke" of the gold fix at Barclays? Supposedly of course a one-off event but if so why does it have a commonly known name? Also why are gold and silver the only commodities (i know of) to have a daily fix? All interesting stuff.
NewLiberty
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June 08, 2014, 02:08:22 PM
 #8606

"obvious peak is obvious."

Nothing in the current markets is obvious unless you work for Goldman Sachs (of shit) or the Fed. Silver could obviously be driven lower but not for any logical reasons involving supply and demand. If the new iphone outsells android phones then it wouldn't be obvious to state that apple shares should drop 20%.

idk

i'm relatively sure PM was in a bubble. I don't buy that "they" are totally warping the "paper price", banks shorted the PM bubble thats not manipulation thats just good trading...


You do know that your taxes pay for their ability to do that manipulation?
The bullion banks own the Federal Reserve, which has as its charter the manipulation of the value of money.
The fed has socialized it debt burden as a part of the TARP deal, so taxpayers are liable for the loss if it goes against them, but they get the gains if its a win.

So call it good trading, or manipulation or whatever moniker you like, the facts are that the trade is backed by the taxability of the US citizenry, which is backed by the ability to imprison any who don't pay whatever tax they decide to levy.

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
wachtwoord
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June 08, 2014, 02:17:28 PM
 #8607

"obvious peak is obvious."

Nothing in the current markets is obvious unless you work for Goldman Sachs (of shit) or the Fed. Silver could obviously be driven lower but not for any logical reasons involving supply and demand. If the new iphone outsells android phones then it wouldn't be obvious to state that apple shares should drop 20%.

idk

i'm relatively sure PM was in a bubble. I don't buy that "they" are totally warping the "paper price", banks shorted the PM bubble thats not manipulation thats just good trading...


You do know that your taxes pay for their ability to do that manipulation?
The bullion banks own the Federal Reserve, which has as its charter the manipulation of the value of money.
The fed has socialized it debt burden as a part of the TARP deal, so taxpayers are liable for the loss if it goes against them, but they get the gains if its a win.

So call it good trading, or manipulation or whatever moniker you like, the facts are that the trade is backed by the taxability of the US citizenry, which is backed by the ability to imprison any who don't pay whatever tax they decide to levy.

And all of this is hidden in plain sight. Throughout history this has been the best hiding place.

blade87
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June 08, 2014, 06:58:26 PM
 #8608

Gold collapsing? I don't follow the metal prices. Link?


ya i agree gold is due for a Major correction.

Gold Line keeps calling me telling me its not a bubble ...

Oh my... far too slow. I'll stay in crypto thank you very much.  Grin

At least I'll know where to put some of my crypto wealth in a few years (or maybe a decade) for the long long.
okthen
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June 08, 2014, 09:48:53 PM
 #8609

Gold collapsing? I don't follow the metal prices. Link?


ya i agree gold is due for a Major correction.

Gold Line keeps calling me telling me its not a bubble ...

Oh my... far too slow. I'll stay in crypto thank you very much.  Grin

At least I'll know where to put some of my crypto wealth in a few years (or maybe a decade) for the long long.

Yes indeed, gold seems like an extremely boring thing to own  Grin
I know it's said volatility is bad for btc etc etc, but it sure makes it interesting!
Benjig
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June 08, 2014, 10:24:13 PM
 #8610

Gold just topped out his bubble two years ago and the only thing it has been doing is entering a loong bear market.. the same with silver. so boring

Internet of things.
cypherdoc
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June 08, 2014, 11:06:38 PM
 #8611

Don't underestimate the significance of that for sale gold mine that came up the other day. That should serve as a big sale signal for many years to come.

Just for review for those who haven't read it yet. This is a great paper that everyone needs to understand:

http://m.minneapolisfed.org/article.cfm?id=719&TC=1
Melbustus
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June 09, 2014, 02:50:46 AM
 #8612

...
Just for review for those who haven't read it yet. This is a great paper that everyone needs to understand:

http://m.minneapolisfed.org/article.cfm?id=719&TC=1


And for completeness, the "Bitcoin is Memory" paper, which I'm sure you've read:
http://papers.ssrn.com/sol3/papers.cfm?abstract_id=2275730





Bitcoin is the first monetary system to credibly offer perfect information to all economic participants.
Cryptoasset rankings and metrics for investors: http://onchainfx.com
cypherdoc
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June 09, 2014, 03:43:03 PM
 #8613

...
Just for review for those who haven't read it yet. This is a great paper that everyone needs to understand:

http://m.minneapolisfed.org/article.cfm?id=719&TC=1


And for completeness, the "Bitcoin is Memory" paper, which I'm sure you've read:
http://papers.ssrn.com/sol3/papers.cfm?abstract_id=2275730






thanks for that.  how could i have forgotten?
cypherdoc
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June 09, 2014, 04:07:36 PM
 #8614

“I am holding the bitcoin. Because having a very big confidence the price of bitcoin is not the rates of today USD 650, should be higher than this price very soon.”

http://www.coindesk.com/malaysian-online-retailer-accepts-bitcoin-wont-convert-fiat-currency/

iPMart along with OSTK holding back 10% of their BTC payments indicates a new trend which will help create a closed loop effect in the Bitcoin economy.  their timing is impeccable and is helping to establish a long term bottom.
rocks
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June 09, 2014, 05:55:31 PM
 #8615

You do know that your taxes pay for their ability to do that manipulation?
The bullion banks own the Federal Reserve, which has as its charter the manipulation of the value of money.
The fed has socialized it debt burden as a part of the TARP deal, so taxpayers are liable for the loss if it goes against them, but they get the gains if its a win.

So call it good trading, or manipulation or whatever moniker you like, the facts are that the trade is backed by the taxability of the US citizenry, which is backed by the ability to imprison any who don't pay whatever tax they decide to levy.

And all of this is hidden in plain sight. Throughout history this has been the best hiding place.

Just make something a "generally accepted truth" and 99% of the people will assume it is fact and never investigate further.

To me what is shocking about this is any simple study of history shows that what constitutes as "generally accepted truth" changes over time, and often within just a generation or two. Knowing this the amount of complacency and acceptance among most people is something I will never understand.

Bitcoin is one of the first projects in a long time that is rewarding those who question the system, instead of those who blindly follow and support the system.

bitrider
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June 10, 2014, 02:20:00 AM
 #8616

“I am holding the bitcoin. Because having a very big confidence the price of bitcoin is not the rates of today USD 650, should be higher than this price very soon.”

http://www.coindesk.com/malaysian-online-retailer-accepts-bitcoin-wont-convert-fiat-currency/

iPMart along with OSTK holding back 10% of their BTC payments indicates a new trend which will help create a closed loop effect in the Bitcoin economy.  their timing is impeccable and is helping to establish a long term bottom.

Very good. In every way.
Dusty
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June 10, 2014, 06:32:19 AM
 #8617

Bitcoin is one of the first projects in a long time that is rewarding those who question the system, instead of those who blindly follow and support the system.
QFT

Very well said!

Articoli bitcoin: Il portico dipinto
thezerg
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June 10, 2014, 01:46:00 PM
 #8618

Don't underestimate the significance of that for sale gold mine that came up the other day. That should serve as a big sale signal for many years to come.

Just for review for those who haven't read it yet. This is a great paper that everyone needs to understand:

http://m.minneapolisfed.org/article.cfm?id=719&TC=1

RE: gold mine, something smells in that one.  If you could "make your money back in 2-3 seasons" and the guy has been mining for what was it 20+ years then he should have plenty of cash lying around to buy bitcoin.

wachtwoord
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June 10, 2014, 08:21:15 PM
 #8619

Bitcoin is one of the first projects in a long time that is rewarding those who question the system, instead of those who blindly follow and support the system.
QFT

Very well said!

A great regression to the mean of society is incoming!

Benjig
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June 10, 2014, 08:36:07 PM
 #8620

Don't underestimate the significance of that for sale gold mine that came up the other day. That should serve as a big sale signal for many years to come.

Just for review for those who haven't read it yet. This is a great paper that everyone needs to understand:

http://m.minneapolisfed.org/article.cfm?id=719&TC=1

RE: gold mine, something smells in that one.  If you could "make your money back in 2-3 seasons" and the guy has been mining for what was it 20+ years then he should have plenty of cash lying around to buy bitcoin.



Or he knows gold not perform very good in next months, anyway 1 million for a goldmine seems to be pretty cheap, idk.

Internet of things.
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