Gold collapsing. Bitcoin UP.

[oakpacific]

Chinese are going crazy buying gold. Grannies and grandpas queuing up to buy any gold they can get their hands on... necklaces etc.

Hope it lasts, I want to print off flyers for Bitcoin and sprinkle them around the gold shops. Bit of a high-risk endeavour though.

Poor gun fodders. Too bad I can't stop  a few of them.

[1714160421]

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[oakpacific]

Chinese are going crazy buying gold. Grannies and grandpas queuing up to buy any gold they can get their hands on... necklaces etc.

Hope it lasts, I want to print off flyers for Bitcoin and sprinkle them around the gold shops. Bit of a high-risk endeavour though.

Poor gun fodders. Too bad I can't stop  a few of them.

im buying gold and silver as part of a diversified portfolio. everyone should have 5 to 10% of their wealth in gold and silver.

Which is a given if you are from a Chinese family.

[miscreanity]

Gold sinking further, Bitcoin UP.

Sorry boys.

Riddle me this.

[BitcoinAshley]

im buying gold and silver as part of a diversified portfolio. everyone should have 5 to 10% of their wealth in gold and silver.

I agree, and that's even easier to do now with silver inching closer to $22 and gold in $1300s. Shit is whack.

The article that miscreanity posted about the hedge fund managers significantly increasing their investment in junior mining shares/etc is yet another eye-opener. It's not even a matter of keeping the faith, it's a matter of not being a complete idiot and understanding what's going on in the world of central banks and stock markets. Selling PMs now is like buying single-family homes at the top of the housing bubble a few years ago.

[cypherdoc]

"Chilton said 'Bitcoins don't exist and I didn't want to regulate them or put the government's stamp of approval on them'."

Quote of the week ... sounds like he got some pressure from banksters to "DO SOMETHING!!!" ... took a look into them, came out with lame "bitcoin-derivative stuff" ... then said, ah fuck it, too hard.

"They don't exist and then they are not my problem"

what regulator wants to fail at regulating?

[cypherdoc]

Gold sinking further, Bitcoin UP.

Sorry boys.

Riddle me this.

you been riddled alright; with losses.

[cypherdoc]

Gold sinking further, Bitcoin UP.

Sorry boys.

Currently reading the "Gold: I smell trap" thread. (Very long, but interesting read!)

I'm starting to believe I should have sold my precious metals. 

i poured about 4 mo of my life into that thread.

[Frozenlock]

Gold sinking further, Bitcoin UP.

Sorry boys.

Currently reading the "Gold: I smell trap" thread. (Very long, but interesting read!)

I'm starting to believe I should have sold my precious metals. 

i poured about 4 mo of my life into that thread.

It shows... still haven't finished it yet!

You might have mentioned it in a later page, but did you "divorce" your krands? 

[cypherdoc]

Gold sinking further, Bitcoin UP.

Sorry boys.

Currently reading the "Gold: I smell trap" thread. (Very long, but interesting read!)

I'm starting to believe I should have sold my precious metals. 

i poured about 4 mo of my life into that thread.

It shows... still haven't finished it yet!

You might have mentioned it in a later page, but did you "divorce" your krands? 

The only divorce threatened at the time was from my wife if I didn't start talking to her more.

But yes, I did dump most of my krands.

I've tried to marry the small remainder to miscreanity but inexplicably he keeps playing hard to get.

[cypherdoc]

im buying gold and silver as part of a diversified portfolio. everyone should have 5 to 10% of their wealth in gold and silver.

I agree, and that's even easier to do now with silver inching closer to $22 and gold in $1300s. Shit is whack.

The article that miscreanity posted about the hedge fund managers significantly increasing their investment in junior mining shares/etc is yet another eye-opener. It's not even a matter of keeping the faith, it's a matter of not being a complete idiot and understanding what's going on in the world of central banks and stock markets. Selling PMs now is like buying single-family homes at the top of the housing bubble a few years ago.

It will be even easier when silver is $6 and gold is $400.

As silver keeps fallingin price I have to keep buying more of it to keep it in my range. But yeah, $6 silver would be epic.

Epicly tragic.

For you.

[smoothie]

I don't believe silver is a losing trade if bought with bitcoin profits.

[cypherdoc]

I don't believe silver is a losing trade if bought with bitcoin profits.

Now that move would be the most tragically epic of all.

[Dusty]

Supernode even holds 10,000 oz of silver.

Sorry, what do you mean?

[cypherdoc]

I don't believe silver is a losing trade if bought with bitcoin profits.

What the hell are you doing up at 2:56 am in the morning?

We have class together in a few hours. 

[smoothie]

I don't believe silver is a losing trade if bought with bitcoin profits.

What the hell are you doing up at 2:56 am in the morning?

We have class together in a few hours. 

I'm doing my trolling rounds lol....actually I'm preparing myself to meet the great cypherdoc.

 

Ur up early too...I wonder why.

[cypherdoc]

I don't believe silver is a losing trade if bought with bitcoin profits.

What the hell are you doing up at 2:56 am in the morning?

We have class together in a few hours. 

I'm doing my trolling rounds lol....actually I'm preparing myself to meet the great cypherdoc.

 

Ur up early too...I wonder why.

One requirement.

Look pretty.

The turquoise shirt is a nice start 

[smoothie]

Lol

Be sure to meet me in the tech/green room ok?

I'll be in the turquoise shirt.

Haha as if I was trying to hide my identity these past two days. 

[miscreanity]

It will be even easier when silver is $6 and gold is $400.

Oil at $0.50 per US gallon would make life easier as well. It would also overwhelm all the production capacity in the world.

In other words, relative value and wealth flows completely deny that possibility. The only way those prices would be possible is with a complete paper/physical separation. It wouldn't matter much anyway, as real shortages expose such pricing as a joke. That's then followed by the cry: "Where's the beef?"

[BitcoinAshley]

SILVER collapsing. Bitcoin... the same.

Really, silver @ $21.67? I can buy 1ozt coins for $24 and change (and get it in 4-5 weeks, lol)? This market is hilarious.

[oakpacific]

Why would you need more than one kind of PM, if cryptocoins succeed and gold doesn't become useless?

And especially, why silver? Why not platinum and palladium? Why?