Gold collapsing. Bitcoin UP.

[FNG]

ordered a bit more silver

Congratulations!

Silver up $1, over 5%   

and I was about to buy some for 500 baht an ounce the other day 

Maybe I'll see if he still wants to sell..doubtful

[FNG]

ordered a bit more silver

Congratulations!

Silver up $1, over 5%   

and I was about to buy some for 500 baht an ounce the other day 

Maybe I'll see if he still wants to sell..doubtful

where can you buy silver in thailand?

Good question. I came across a guy in need of money with some silver. I don't know of any shops that sell it. Gold country.

[FNG]

ordered a bit more silver

Congratulations!

Silver up $1, over 5%   

and I was about to buy some for 500 baht an ounce the other day 

Maybe I'll see if he still wants to sell..doubtful

where can you buy silver in thailand?

Good question. I came across a guy in need of money with some silver. I don't know of any shops that sell it. Gold country.

I would have bought all he had.

.965 gold country too.   They hate krugs

Yeah. I was able to sell some Eagles and Maples down Yaowarat a few years ago without a problem though. Gold is gold but not easy to find other than 23k

[bitdragon]

JPM Eligible Gold Plummets By 66% In One Day To Just Over 1 Tonne, Total Gold At Fresh All Time Low

http://www.zerohedge.com/news/2013-07-19/jpm-eligible-gold-plummets-66-one-day-total-gold-fresh-all-time-low

Not much Gold left to hold the price down?

[molecular]

JPM Eligible Gold Plummets By 66% In One Day To Just Over 1 Tonne, Total Gold At Fresh All Time Low

http://www.zerohedge.com/news/2013-07-19/jpm-eligible-gold-plummets-66-one-day-total-gold-fresh-all-time-low

Not much Gold left to hold the price down?

Can someone explain this to me? Since when is actual gold needed to hold the price down?

How can there be a fire in a vault 5 levels below street?

Why?

WTF?

[molecular]

where can you buy silver in thailand?

This question surprises me. I though you lived there? Where are you buying your silver? Are you bringing it into Thailand?

[miscreanity]

Wrong address, it wasn't a JPM vault.

[molecular]

Wrong address, it wasn't a JPM vault.

so there's no connection with the metal spike up? What's the reason for the gold/silver spike, then?

[wachtwoord]

Wrong address, it wasn't a JPM vault.

so there's no connection with the metal spike up? What's the reason for the gold/silver spike, then?

Gossip?

[miscreanity]

so there's no connection with the metal spike up? What's the reason for the gold/silver spike, then?

Many reasons, some more obvious than others.

COMEX and LBMA inventory depletion;
scandal exposing banks as fraudulently delaying base metal and other commodity delivery, masking actual supply/demand dynamics;
ongoing US failure in the Middle East;
China and Russia bleeding US dry economically;
eastern precious metal exchanges opening to trade primarily physical metal, not paper;
persistent fiscal mismanagement;
chronic unemployment;
HNW exodus from contemporary stores of wealth;
the list goes on...

[SkRRJyTC]

Its been a long time since the metals had a day good enough to deserve a trip to this thread to tease Cypher a bit. Go Silver Go

All in good fun, either way, awesome thread and awesome call Cypher.

[cypherdoc]

Its been a long time since the metals had a day good enough to deserve a trip to this thread to tease Cypher a bit. Go Silver Go

All in good fun, either way, awesome thread and awesome call Cypher.

can't laugh at me.  

my subs know that i covered my shorts right at the end of the day 3 wks ago that Thursday when we hit rock bottom.  same day miscreanity warned

i've been long GDXJ for about a couple of weeks now

[El Cabron]

where can you buy silver in thailand?

This question surprises me. I though you lived there? Where are you buying your silver? Are you bringing it into Thailand?

Mostly in the usa. Lots of different people i trust to hold onto it.

I hold my gold here.

[SkRRJyTC]

Its been a long time since the metals had a day good enough to deserve a trip to this thread to tease Cypher a bit. Go Silver Go

All in good fun, either way, awesome thread and awesome call Cypher.

can't laugh at me.  

my subs know that i covered my shorts right at the end of the day 3 wks ago that Thursday when we hit rock bottom.  same day miscreanity warned

i've been long GDXJ for about a couple of weeks now

'

Then all the more praise to you.

[Stephen Gornick]

What would the be the chance these open outcry markets for Bitcoins happening (now in NYC (weekly), L.A. (monthly), San Diego (weekly), San Francisco (weekly), Miami (first one this week), Toronto (first one next week), Berlin (first one this week), and more likely to come) ... would bring an opportunity to expand into bullion and e-bullion sales as well?   (e.g., for DYM shares through Ripple trades, or for physical (e.g., Eagles) or for junk silver?).  Here are links to the individual events:
 - http://bitcointalk.org/index.php?topic=261116.msg2786471#msg2786471

Amagi Metals to Lose Bank Account
 - http://bitcoinmagazine.com/amagi-metals-to-lose-bank-account

Introducing Ripple Currency: DYM
 - http://bitcointalk.org/index.php?topic=149533.0

I see there was one bullion trade at a recent San Fran Buttonwood event:

Why the Only Real Way to Buy Bitcoins Is on the Streets
 - http://www.wired.com/wiredenterprise/2013/07/buttonwood

[miscreanity]

can't laugh at me.  

my subs know that i covered my shorts right at the end of the day 3 wks ago that Thursday when we hit rock bottom.  same day miscreanity warned

i've been long GDXJ for about a couple of weeks now

Then all the more praise to you.

Seconded

[miscreanity]

What would the be the chance these open outcry markets for Bitcoins happening ... would bring an opportunity to expand into bullion and e-bullion sales as well?

Strong. Trading between crypto and precious metals is akin to trading the gold-silver ratio, remaining outside of the fiat system. There will be opportunities everywhere, and not just in crypto/PM exchange.

[cypherdoc]

What would the be the chance these open outcry markets for Bitcoins happening (now in NYC (weekly), L.A. (monthly), San Diego (weekly), San Francisco (weekly), Miami (first one this week), Toronto (first one next week), Berlin (first one this week), and more likely to come) ... would bring an opportunity to expand into bullion and e-bullion sales as well?   (e.g., for DYM shares through Ripple trades, or for physical (e.g., Eagles) or for junk silver?).  Here are links to the individual events:
 - http://bitcointalk.org/index.php?topic=261116.msg2786471#msg2786471

Amagi Metals to Lose Bank Account
 - http://bitcoinmagazine.com/amagi-metals-to-lose-bank-account

Introducing Ripple Currency: DYM
 - http://bitcointalk.org/index.php?topic=149533.0

I see there was one bullion trade at a recent San Fran Buttonwood event:

Why the Only Real Way to Buy Bitcoins Is on the Streets
 - http://www.wired.com/wiredenterprise/2013/07/buttonwood

i doubt this would expand to any significant degree.  after all, we've all pointed out the problems of transporting bullion around due to the weight.

unless someone had pre-arranged a sale of a bullion bar, you won't get much more than sales of a coin or two between individuals.  even then, the risk of theft is higher than trading BTC where a password is required.

[Ivanhoe]

Cypher, what is your opinion about the recent price increase in gold? Do you think we'll go down further and reach $1000,- after this bounce? Or is it a true change?

[cypherdoc]

Cypher, what is your opinion about the recent price increase in gold? Do you think we'll go down further and reach $1000,- after this bounce? Or is it a true change?

sorry.  now that i have subscribers, i have to ignore questions like these.

i do outline exactly how i think it will unfold.