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labestiol
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April 15, 2013, 09:50:39 AM |
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Yeah, I don't see any spreads between paper and physical. At least on eBay. So far.
its all in his mind. FWIW, I see something. In french stores, the premium on the most liquid gold coin (20F Napoléon) was 18% on Friday. I don't know if it's something general, I'm not used to track premiums. But anyway, still quite impressive. |
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oakpacific
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April 15, 2013, 09:58:13 AM |
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I can't keep up with the pace of the PM crash!  |
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jl2012
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April 15, 2013, 10:46:36 AM |
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What would be the effect of gold and silver crash on bitcoin? I suspect many bitcoiners are also gold/silver bugs. Would they sell bitcoin to cover their loss in PM? Or they would move their investment from PM to BTC?
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cypherdoc (OP)
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April 15, 2013, 11:05:23 AM |
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I can't keep up with the pace of the PM crash! Oh come on now. It's all right there in the letter. |
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oakpacific
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April 15, 2013, 11:41:02 AM |
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I can't keep up with the pace of the PM crash! Oh come on now. It's all right there in the letter. I know I know, it's just breathtaking. I expected it to temporarily stop at a little bit below $1500 and slowly declines, I didn't know the "lights out" is literal. Seems that my baby needs to be born with bitcoin spoon in his/her mouth. |
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rpietila
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April 15, 2013, 12:19:48 PM |
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What would be the effect of gold and silver crash on bitcoin? I suspect many bitcoiners are also gold/silver bugs. Would they sell bitcoin to cover their loss in PM? Or they would move their investment from PM to BTC?
I sold 21oz of gold today, but would have sold anyway. The money will be used to pay trading debts from last week (i.e. has already been spent to buy bitcoins at sub-$100). I am short term bearish on paper and physical gold, bearish on paper silver and bullish on physical silver. |
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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cypherdoc (OP)
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April 15, 2013, 01:51:42 PM |
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Gold collapsing. Bitcoin up.
geez, what does a guy have to do around here to get an update?
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cypherdoc (OP)
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April 15, 2013, 01:53:44 PM |
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I can't keep up with the pace of the PM crash! Oh come on now. It's all right there in the letter. I know I know, it's just breathtaking. I expected it to temporarily stop at a little bit below $1500 and slowly declines, I didn't know the "lights out" is literal. Seems that my baby needs to be born with bitcoin spoon in his/her mouth. i have a novel idea. how bout listening to the letter, acting on it, profitting, and then maybe you could easily afford it?  |
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ElectricMucus
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April 15, 2013, 02:17:46 PM |
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1400 is the new 800  |
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Anonymouss
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April 15, 2013, 02:22:23 PM |
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crazy world we live in
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vokain
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April 15, 2013, 02:22:51 PM |
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crazy world we live in
I was just pondering that idea. Hmmm, what to do, what to do  |
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BitSlut69
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April 15, 2013, 02:36:10 PM |
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What would be the effect of gold and silver crash on bitcoin? I suspect many bitcoiners are also gold/silver bugs. Would they sell bitcoin to cover their loss in PM? Or they would move their investment from PM to BTC?
Maybe sell BTC to buy PM, or buy PM with BTC if possible. If BTC were at $150 or so I would seriously consider doing that myself. |
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molecular
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April 15, 2013, 02:49:55 PM |
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What would be the effect of gold and silver crash on bitcoin? I suspect many bitcoiners are also gold/silver bugs. Would they sell bitcoin to cover their loss in PM? Or they would move their investment from PM to BTC?
I sold 21oz of gold today, but would have sold anyway. The money will be used to pay trading debts from last week (i.e. has already been spent to buy bitcoins at sub-$100). I am short term bearish on paper and physical gold, bearish on paper silver and bullish on physical silver. what are the premiums doing? metal shortage in sight? |
PGP key molecular F9B70769 fingerprint 9CDD C0D3 20F8 279F 6BE0 3F39 FC49 2362 F9B7 0769
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molecular
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April 15, 2013, 02:52:15 PM |
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What would be the effect of gold and silver crash on bitcoin? I suspect many bitcoiners are also gold/silver bugs. Would they sell bitcoin to cover their loss in PM? Or they would move their investment from PM to BTC?
Maybe sell BTC to buy PM, or buy PM with BTC if possible. If BTC were at $150 or so I would seriously consider doing that myself. +1. The little fiat I have left over is being saved for when bitcoin starts to move again (up or down). |
PGP key molecular F9B70769 fingerprint 9CDD C0D3 20F8 279F 6BE0 3F39 FC49 2362 F9B7 0769
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warpio
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April 15, 2013, 03:23:03 PM |
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Theory: People are selling all their PMs in order to put bids up for BTC while it's cheap
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humanitee
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April 15, 2013, 04:28:49 PM |
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Theory: People are selling all their PMs in order to put bids up for BTC while it's cheap
Nah, the PM market is gargantuan compared to Bitcoin. If this were the case Bitcoin would be valued much, much higher. |
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Wuji
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April 15, 2013, 04:33:54 PM |
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When gold was near $1800 I spent a few weeks studying it and I felt it should be closer to $1200. Everyone said I was insane and it would never stop rising. Just like on here when I said the bubble would crash in late March. I never make predictions I do not feel very certain of. Since the late 90s I have not made a bad decision so far and called at least 7 bubble including BTC and Gold. I love seeing gold at $1373. Will my friends listen to me next time? Doubtful, I'm sure they will just say I'm crazy again. Emotional investing is like flushing money down the toilet. At least that might be less painful!
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sunnankar
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April 15, 2013, 04:40:46 PM |
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what are the premiums doing? metal shortage in sight?
Metal shortages are already here. From Keiser: ABN AMRO issued a letter to their gold contract customers of failure of delivery, and that instead the bank will pay account holders in a paper currency equivalent to the current spot value of the metal. Voila counter party risk. If you have a piece of paper you don’t have anything, “if you don’t hold it, you don’t own it”. It is all about physical possession. Of course, that is not to say that gold should not be going down because the USD is headed higher, probably to around 87-90ish, as there is a lot more demand for it. Lots of countries have taken out USD denominated debt so they need them to pay interest. |
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ElectricMucus
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April 15, 2013, 04:43:24 PM |
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God I really hope they "short" the shit out of it. That does give the term a whole new meaning doesn't it? |
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thezerg
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April 15, 2013, 05:07:18 PM |
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Gold collapsing. Bitcoin up.
geez, what does a guy have to do around here to get an update?
Sorry no internet on top of a snowy mountain! What is this "letter" you are referring to? Bitcoin is 93.40. Gold is 1374.00. Nasdaq is 3237.00 Bitcoin: 1629.63% Gold: -18.70% Nasdaq: 5.96% Gold Diff: 2027% advantage Bitcoin and Growing!Nasdaq Diff: 1532% advantage Bitcoin and Growing![/b][/size] |
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