Gold collapsing. Bitcoin UP.

[shields]

Mark Cuban:

http://www.streetinsider.com/Forex/Long+Bitcoin+and+Short+Gold%3F+Mark+Cuban+Likes+the+Trade+Idea/9123025.html

He should short Monta Ellis and buy Bitcoin

[Melbustus]

Mark Cuban:

http://www.streetinsider.com/Forex/Long+Bitcoin+and+Short+Gold%3F+Mark+Cuban+Likes+the+Trade+Idea/9123025.html

Pretty much everyone in this thread has been front-running Mark Cuban for years, then.

[molecular]

Mark Cuban:

http://www.streetinsider.com/Forex/Long+Bitcoin+and+Short+Gold%3F+Mark+Cuban+Likes+the+Trade+Idea/9123025.html

I think it will be a good year for both bitcoin and gold.

That's what I thought in 2011, 2012 and 2013.

And in 2014?

" Billionaire Mark Cuban has a currency trade idea for 2014 -Long Bitcoin and Short Gold."
 molecular has held the idea consistently since 2011 (although he did short XBT and buy alpaca sock - and has refused to sell)
I'm sure molecular will hold in 2014 too.

Lol. I'm not selling gold. This may be a good idea for people who are mostly in gold and less (or not ata all) in BTC, which is not the case for me. My portfolio is still very BTC-heavy.

I did buy gold and silver in 2011 (after having acquired my first coins). Basically put all my fiat (I was almost broke to begin with) into Bitcoin and metal. I woke up at that time to the fiat scam and all that crap. Unfortunately I put way more into gold and silver than into BTC. I'm not complaining, though. It was the correct decision at the time for me.

I still think all these will be up in 2014.

[NewLiberty]

Mark Cuban:

http://www.streetinsider.com/Forex/Long+Bitcoin+and+Short+Gold%3F+Mark+Cuban+Likes+the+Trade+Idea/9123025.html

I think it will be a good year for both bitcoin and gold.

That's what I thought in 2011, 2012 and 2013.

And in 2014?

" Billionaire Mark Cuban has a currency trade idea for 2014 -Long Bitcoin and Short Gold."
 molecular has held the idea consistently since 2011 (although he did short XBT and buy alpaca sock - and has refused to sell)
I'm sure molecular will hold in 2014 too.

My alpacas are prolific, more baby cria all the time.  If anyone wants some alpacas, I do take bitcoin 

[cypherdoc]

Banksters destroying archives?  can't do that with Bitcoin:

http://www.zerohedge.com/news/2014-02-05/argentine-banking-system-archives-destroyed-deadly-fire

[Dragonkiller]

I'm starting to think Yellen will continue with the taper; I don't think the Fed will make such a public u-turn. It might continue through some other means which is not as obvious. But I think for now, the plan is to continue with the taper to destabilize emerging markets and force capital into US equities and bonds which are 'safe' in comparison. If they manage to pull that off, they can keep the stock market, real estate and other assets inflated and taper at the same time.

Thoughts?

[notme]

I'm starting to think Yellen will continue with the taper; I don't think the Fed will make such a public u-turn. It might continue through some other means which is not as obvious. But I think for now, the plan is to continue with the taper to destabilize emerging markets and force capital into US equities and bonds which are 'safe' in comparison. If they manage to pull that off, they can keep the stock market, real estate and other assets inflated and taper at the same time.

Thoughts?

Maybe.  But are they "safe enough"?  Obviously some will make the trade, but others might just go to cash and take their time with reinvestment.

[Dragonkiller]

I'm starting to think Yellen will continue with the taper; I don't think the Fed will make such a public u-turn. It might continue through some other means which is not as obvious. But I think for now, the plan is to continue with the taper to destabilize emerging markets and force capital into US equities and bonds which are 'safe' in comparison. If they manage to pull that off, they can keep the stock market, real estate and other assets inflated and taper at the same time.

Thoughts?

Maybe.  But are they "safe enough"?  Obviously some will make the trade, but others might just go to cash and take their time with reinvestment.

Well seeing as the destabilization is coming in the form of currency crises, they will move out of their local currencies and into the US Dollar.

Once they've done that, they could take their time with reinvestment, but they'll almost certainly go into US investments.

I think the Fed will make US markets attractive by making emerging markets look bad in comparison.

[notme]

I'm starting to think Yellen will continue with the taper; I don't think the Fed will make such a public u-turn. It might continue through some other means which is not as obvious. But I think for now, the plan is to continue with the taper to destabilize emerging markets and force capital into US equities and bonds which are 'safe' in comparison. If they manage to pull that off, they can keep the stock market, real estate and other assets inflated and taper at the same time.

Thoughts?

Maybe.  But are they "safe enough"?  Obviously some will make the trade, but others might just go to cash and take their time with reinvestment.

Well seeing as the destabilization is coming in the form of currency crises, they will move out of their local currencies and into the US Dollar.

Once they've done that, they could take their time with reinvestment, but they'll almost certainly go into US investments.

I think the Fed will make US markets attractive by making emerging markets look bad in comparison.

I wish them luck with that.  The US indices are just past all time highs and P/E ratios are through the roof.  It certainly doesn't look attractive to me.

Startups and VC might be a viable outlet.

[Melbustus]

...
The US indices are just past all time highs and P/E ratios are through the roof.  ...

I keep hearing people say that, but it's just not true:
http://www.multpl.com/

It's slightly high at 18.65, versus the 140yr mean of 15.51, but it's certainly a lot lower than the typical peaks of long bull cycles:
http://www.advisorperspectives.com/dshort/updates/PE-Ratios-and-Market-Valuation.php

That's not to say earnings figures are necessarily pure, given the unprecedented QE, bailouts, "stimulus", etc... That stuff has never been done to this degree before, so it may be valid to consider the E inflated...

[Dr Bloggood]

...
The US indices are just past all time highs and P/E ratios are through the roof.  ...

I keep hearing people say that, but it's just not true:
http://www.multpl.com/

It's slightly high at 18.65, versus the 140yr mean of 15.51, but it's certainly a lot lower than the typical peaks of long bull cycles:
http://www.advisorperspectives.com/dshort/updates/PE-Ratios-and-Market-Valuation.php

That's not to say earnings figures are necessarily pure, given the unprecedented QE, bailouts, "stimulus", etc... That stuff has never been done to this degree before, so it may be valid to consider the E inflated...

The earnings are inflation-adjusted, right? And real inflation is about 8% higher than the official one (see Shadowstats, for example). So there we go.

They are just faking everything, from GDP to inflation to price of gold to stock market. Nothing is real anymore.

[DustyRah]

Gold does not have its original value anymore. Banks are allowed to write out gold accounts as long as they hold just 10% of the total write in amount.

A lot of gold sold in the market now is not real but inflated crap so it does not have its original value anymore.

It is still a valid investment though.

[paraipan]

Banksters destroying archives?  can't do that with Bitcoin:

http://www.zerohedge.com/news/2014-02-05/argentine-banking-system-archives-destroyed-deadly-fire

Have to clean up "dirt" regularly

http://www.zerohedge.com/news/2013-07-21/did-raging-fire-burn-down-jpmorgans-gold-vault

[tvbcof]

BTC was at 1oz-Au parity not very long ago.  I wonder if it will get down to half that?  Seems like it is in striking distance now.  Anyone have any guesses?

The nice thing about diversity is that it's less likely for one to get sawed in half.  I'll admit that I didn't pick up any PM's when I was talking about it a few months ago, but I did diversify into some more property.  Paid a little more than I should have, but I wanted it so I just went ahead and made it happen.

[tvbcof]

BTC was at 1oz-Au parity not very long ago.  I wonder if it will get down to half that?  Seems like it is in striking distance now.  Anyone have any guesses?

The nice thing about diversity is that it's less likely for one to get sawed in half.  I'll admit that I didn't pick up any PM's when I was talking about it a few months ago, but I did diversify into some more property.  Paid a little more than I should have, but I wanted it so I just went ahead and made it happen.

I did pick up some and locked a lot of it in just under parity. I also used a fair amount of LTC to get silver when it was twice parity.

Crypto might head low enough where I need to start buying back in.

Looks like we touched $619 on Bitstamp, so that's well below half of 1oz parity.  I don't subscribe to cypherdoc's newletter so I don't know if he warned about the possibility of having one's Bitcoin wealth cut in half relative to PMs or not.

At this point I cannot see it very likely that I would want to buy back in.  I had resolved to execute my sales plan as long as we were above $500.  Most of the 2014 sales were in the $800 range, so if we stay above $200-ish I'll probably continue to be a seller.  Though it will be as I need fiat since I got enough already for the projects I have planned...and pay my taxes to boot.  I think it quite possible that we see at least one more big run-up as well so I'll hope that my mid-term sales will catch it if it happens.

I gotta say, it is hard NOT to make money in this crypto thing if a guy has a plan and does not get to greedy.  PMs as well for that matter.

[rpietila]

Just dont short crypto with leverage

Just keep at least BTC1 in secure storage at all times, and you'll be very fine.

[molecular]

Just dont short crypto with leverage

yeah, cause we know what that leads to (looks at Q4 2011)

[miscreanity]

Sinclair has shown he views gold as the means by which fiat transitions to crypto. Whether both Bitcoin and gold will perform synchronously is still a point of debate.

[thoughtfan]

http://www.bloomberg.com/video/is-it-time-to-buy-gold-YTo4YNI9Ssusk3VsJh~UFw.html

Ed Moy on gold and Bitcon.  Nothing new but interesting, especially given who it is coming from.

[TeeBone]

Choo-choo mofos, gold train leavin' the station !