Gold collapsing. Bitcoin UP.

[sidhujag]

Most importantly, Summers understands gold. He made a major contribution to Gibson's Paradox as it applies to free markets: "Gold prices should move inversely to real interest rates."  Not on Summers watch. 

He has been accused by gold bugs of engineering gov't interference in the gold markets by pushing the price down despite the ongoing drop in interest rates also engineered by gov't so as not to alarm the population. they have been marginally successful in doing so.

along comes Bitcoin. a new problem that they potentially can't control and Summers sees it.

http://www.coindesk.com/former-obama-advisor-larry-summers-critics-dont-write-bitcoin/

Average mom n pops were buying gold it was just too profitable to short without a leash for these dirty dogs. That and the fact that jpm has had an unlimited margin account funded by the fed means they can short thru any wall any time.. as evidence of the breach of $1520 which was a multibillion wall $. It was done in 15 min. Asia did the rest on fear.

I hear jpm is pulling out so thats bullish gold.. but I prefer my money in bitcoin just because banks are not a part of it and then they cant willfully short btc on margin because theres only a certain number of them and they have to own btc to short.. Im wondering once margin accounts are available howthis will affect longterm outlook of the price. I know margin is available but at a bankers scale is what I mean.

[sidhujag]

i can't wait for sub 1000$ gold

sorry gold bugs.

its going down!

Good luck with that.

I give it 85% we never see sub 1180 again. Gigantic double bottom in december sealed it for me.

2014=year of recovery and consolidation. All the weak hands are out.

Ever? You would have to be dumb to offer that trade... I will take that if you say ever lol thats a trade with infinite expectancy lol
We're comin to get ya Teebone.

For shits and giggles, .25 btc bet gold doesnt break 1100 ?

Wasnt too long ago you were sayin' gold to 500  

[cypherdoc]

i can't wait for sub 1000$ gold

sorry gold bugs.

its going down!

Good luck with that.

I give it 85% we never see sub 1180 again. Gigantic double bottom in december sealed it for me.

2014=year of recovery and consolidation. All the weak hands are out.

We're comin to get ya Teebone.

For shits and giggles, .25 btc bet gold doesnt break 1100 ?

Wasnt too long ago you were sayin' gold to 500  

How about a 2 year time-frame?

[sidhujag]

i can't wait for sub 1000$ gold

sorry gold bugs.

its going down!

Good luck with that.

I give it 85% we never see sub 1180 again. Gigantic double bottom in december sealed it for me.

2014=year of recovery and consolidation. All the weak hands are out.

We're comin to get ya Teebone.

For shits and giggles, .25 btc bet gold doesnt break 1100 ?

Wasnt too long ago you were sayin' gold to 500  

Ever? You would have to be dumb to offer that trade... I will take that if you say ever lol thats a trade with infinite expectancy lol

[cypherdoc]

i can't wait for sub 1000$ gold

sorry gold bugs.

its going down!

Good luck with that.

I give it 85% we never see sub 1180 again. Gigantic double bottom in december sealed it for me.

2014=year of recovery and consolidation. All the weak hands are out.

We're comin to get ya Teebone.

For shits and giggles, .25 btc bet gold doesnt break 1100 ?

Wasnt too long ago you were sayin' gold to 500  

Ever? You would have to be dumb to offer that trade... I will take that if you say ever lol thats a trade with infinite expectancy lol

yeah, d*mn, i should've just said yes.  but i didn't think he could be that stupid.

are you?

[TeeBone]

i can't wait for sub 1000$ gold

sorry gold bugs.

its going down!

Good luck with that.

I give it 85% we never see sub 1180 again. Gigantic double bottom in december sealed it for me.

2014=year of recovery and consolidation. All the weak hands are out.

We're comin to get ya Teebone.

For shits and giggles, .25 btc bet gold doesnt break 1100 ?

Wasnt too long ago you were sayin' gold to 500  

How about a 2 year time-frame?

Oh c'mon, make it a little interesting. It's only .25 btc, 2 yrs is a drag.

6 months ?

[sidhujag]

Stupid is as a stupid does.

[sidhujag]

i can't wait for sub 1000$ gold

sorry gold bugs.

its going down!

Good luck with that.

I give it 85% we never see sub 1180 again. Gigantic double bottom in december sealed it for me.

2014=year of recovery and consolidation. All the weak hands are out.

We're comin to get ya Teebone.

For shits and giggles, .25 btc bet gold doesnt break 1100 ?

Wasnt too long ago you were sayin' gold to 500  

How about a 2 year time-frame?

Oh c'mon, make it a little interesting. It's only .25 btc, 2 yrs is a drag.

6 months ?

I will do 2 yrs aswell if you are offering that.

[cypherdoc]

i can't wait for sub 1000$ gold

sorry gold bugs.

its going down!

Good luck with that.

I give it 85% we never see sub 1180 again. Gigantic double bottom in december sealed it for me.

2014=year of recovery and consolidation. All the weak hands are out.

We're comin to get ya Teebone.

For shits and giggles, .25 btc bet gold doesnt break 1100 ?

Wasnt too long ago you were sayin' gold to 500  

How about a 2 year time-frame?

Oh c'mon, make it a little interesting. It's only .25 btc, 2 yrs is a drag.

6 months ?

considering you started off as "ever" two years is a bargain.

[cypherdoc]

C'mon  Teebone. I'll bet you 0.25BTC that gold will hit 1100 sometime within the next 2 years.

[TeeBone]

2 years, seriously ? that takes the fun out of it. You'd wait that long for so little ?

This is a friendly/ego bet. We can lower it to .15 btc so nobody gets hurt lol

P.S. considering you are calling for 500 gold, this is a bargain  

[sidhujag]

2 years, seriously ? that takes the fun out of it. You'd wait that long for so little ?

This is a friendly/ego bet. We can lower it to .15 btc so nobody gets hurt lol

P.S. considering you are calling for 500 gold, this is a bargain  

It won't be so little when less than 1% of the population can ever have a full btc one day

[cypherdoc]

2 years, seriously ? that takes the fun out of it. You'd wait that long for so little ?

This is a friendly/ego bet. We can lower it to .15 btc so nobody gets hurt lol

P.S. considering you are calling for 500 gold, this is a bargain  

No. Leave it at 0.25. You gotta give these things time. Remember I'm just taking your bet and putting a time limit on it to help you.

Besides, 2 years > 6 months, = more fun  

[spazzdla]

IMO 10% of your pay should go into PM/Crypto, all prices, buy buy buy, hehehe.  Unless you are a really good trader then trade away else, HODL or get slaughtered.

[cypherdoc]

c'mon Teebone!

i'm waitin' on ya!

edit:  how about 1.5 yrs?

[vipgelsi]

IMO 10% of your pay should go into PM/Crypto, all prices, buy buy buy, hehehe.  Unless you are a really good trader then trade away else, HODL or get slaughtered.

I would put more into pm

[adamstgBit]

IMO 10% of your pay should go into PM/Crypto, all prices, buy buy buy, hehehe.  Unless you are a really good trader then trade away else, HODL or get slaughtered.

I would put more into pm

na should be more like 1% PM is not an investment... PM is merely a store of value, hardly ever even beats inflation.

[cypherdoc]

oh my, you boys are in trouble.  remember, silver always leads:

[igorr]

very good sign IMO.

Edit : this thread is an extension of this beast:

Gold: I Smell a Trap

it does not look so


View Screen Capture

[NewLiberty]

Buying in the $18s for Ag has been safe for the last few years.
So has anything changed?
Interest rates look like they will be rising over the next few years.
This makes interest bearing instruments look more attractive as PM bears no interest.

However... 


Recent history shows that this benefit is illusory.
Even so, we can expect some percentage of people to ignore the data and trade away their PM for interest bearing investments.  This presents some opportunities for the others.