Gold collapsing. Bitcoin UP.

[cypherdoc]

Gold, here we come.

[thezerg]

the silverbox update (comparison from the beginning of this thread, March 13th, 2012, gold=1690, nasdaq=3055, Bitcoin=5.4):
Bitcoin is 1030.00 (5792.00 btcChina in USD).  Gold is 1269.00.  Nasdaq is 3983.00
Bitcoin: 18974.07% (107159.26%)
Gold:    -24.91%
Nasdaq:  30.38%
Gold Diff:  25302% advantage Bitcoin
Nasdaq Diff:  14530% advantage Bitcoin

[oakpacific]

Since we have quite a few ex-PM bugs here, can you guys please make an estimation of the percentage of gold/silver used as currency to those used for other purposes?

[wachtwoord]

Since we have quite a few ex-PM bugs here, can you guys please make an estimation of the percentage of gold/silver used as currency to those used for other purposes?

Store of value of gold must be >99% I would say. Silver is different.

[dnaleor]

Gold Parity day is near, guess the date while you still can!
https://bitcointalk.org/index.php?topic=336761.0

[dnaleor]

Gold Parity day is near, guess the date while you still can!
https://bitcointalk.org/index.php?topic=336761.0

Today

too bad for rule §2... You can not guess "today" or "tomorrow" 
But i must admit, it is very possible!

[cypherdoc]

pure and utter misery:

[cypherdoc]

Gold collapsing.  Bitcoin UP.

[jojo69]

brutal

[cypherdoc]

brutal

me or the reality of the situation?

[jojo69]

both, lol, just looking at the silver chart here, if you had asked me a year ago if we would have ever seen 19 again I would have laughed in your face...now I'm holding out for 17

[cypherdoc]

both, lol, just looking at the silver chart here, if you had asked me a year ago if we would have ever seen 19 again I would have laughed in your face...now I'm holding out for 17

you're welcome.

[molecular]

both, lol, just looking at the silver chart here, if you had asked me a year ago if we would have ever seen 19 again I would have laughed in your face...now I'm holding out for 17

It's tempting to make a connection between bitcoin boom and metal bust, but the market sizes are too different. The $ flowing into XBT is negligible compared to the $ exiting the metals, right? I think it's plain old "manipulation" of gold & silver?

[lebing]

both, lol, just looking at the silver chart here, if you had asked me a year ago if we would have ever seen 19 again I would have laughed in your face...now I'm holding out for 17

It's tempting to make a connection between bitcoin boom and metal bust, but the market sizes are too different. The $ flowing into XBT is negligible compared to the $ exiting the metals, right? I think it's plain old "manipulation" of gold & silver?

I dont know - somehow 6 billion moving into an asset over the course of a few months makes it hard for me to call that asset negligible in comparison to anything

[vokain]

both, lol, just looking at the silver chart here, if you had asked me a year ago if we would have ever seen 19 again I would have laughed in your face...now I'm holding out for 17

It's tempting to make a connection between bitcoin boom and metal bust, but the market sizes are too different. The $ flowing into XBT is negligible compared to the $ exiting the metals, right? I think it's plain old "manipulation" of gold & silver?

maybe not too much now but there will be a time where capital flight to crypto is a lot more substantial

[tvbcof]

both, lol, just looking at the silver chart here, if you had asked me a year ago if we would have ever seen 19 again I would have laughed in your face...now I'm holding out for 17

It's tempting to make a connection between bitcoin boom and metal bust, but the market sizes are too different. The $ flowing into XBT is negligible compared to the $ exiting the metals, right? I think it's plain old "manipulation" of gold & silver?

I used to take this contention (PM's massively dwarf crypto-currencies in terms of value flow) on faith, but lately I'm of the mind that it should be analyzed a little more carefully.  Of course I've been to lazy to run the actual numbers...if I can even avoid the garbage-in/gabage-out problem anyway.  And even if it is not currently the case that CC's are having a significant effect, it looks more and more like it could be going forward.

This would actually be a very welcome development for me since I'm planning a re-balance.  That is to say, I might benefit doubly if/when I make an adjustment from CC's to PM's.

[Spaceman_Spiff]

both, lol, just looking at the silver chart here, if you had asked me a year ago if we would have ever seen 19 again I would have laughed in your face...now I'm holding out for 17

It's tempting to make a connection between bitcoin boom and metal bust, but the market sizes are too different. The $ flowing into XBT is negligible compared to the $ exiting the metals, right? I think it's plain old "manipulation" of gold & silver?

I used to take this contention (PM's massively dwarf crypto-currencies in terms of value flow) on faith, but lately I'm of the mind that it should be analyzed a little more carefully.  Of course I've been to lazy to run the actual numbers...if I can even avoid the garbage-in/gabage-out problem anyway.  And even if it is not currently the case that CC's are having a significant effect, it looks more and more like it could be going forward.

This would actually be a very welcome development for me since I'm planning a re-balance.  That is to say, I might benefit doubly if/when I make an adjustment from CC's to PM's.

I think it might be more psychological than purely money moving from one asset to the other.
Gold's monetary value was (by the sound money people) perceived as "a sure thing".  A number of them are now starting to doubt.  That may decrease their willingness to put extra fiat into it.

[User705]

Not so much doubting gold as a "sure thing" but I think it's the realization that the PM market was and is still heavily manipulated by fiat.  Bitcoin has a much faster correction mechanism in place currently.  It'll be interesting to see how that evolves in the future.

[jojo69]

I am of the opinion that the barbarous relics have a very important role to play going forward.  Once Bitcoin destroys the fiat ponzi we can have true price discovery for PMs.

[jojo69]

hey goat, you made it

the wall thread was speculating that you might have suffered a fatal orgasm with this morning's LTC spike