Gold collapsing. Bitcoin UP.

[wachtwoord]

You should think of renaming your thread: gold up, bitcoin collapsing 

No he should not. If you would have read the thread you would have known that.

[1714154182]

1714154182

[1714154182]

1714154182

[ErisDiscordia]

You should think of renaming your thread: gold up, bitcoin collapsing 

you want to end up on the "graph of shame"? 

[adamstgBit]

imagine if they dig a hole in the ground and find a shit tone of gold and silver

[cypherdoc]

You should think of renaming your thread: gold up, bitcoin collapsing 

no, i think we'll leave it just as is.

[Zarathustra]

You should think of renaming your thread: gold up, bitcoin collapsing 

http://pricedingold.com/charts/BTC-2010.pdf

[conspirosphere.tk]

You should think of renaming your thread: gold up, bitcoin collapsing 

no, i think we'll leave it just as is.

they are both collapsing at different rates.

still, both are way safer than fiat in a bank, so the fun will start with the run to quality/to the exit.

[romneymoney]

I keep seeing predictions about the collapse of the west and the banking system.  While it has serious problems, I think it is dangerous to underestimate establishment's ability to keep it propped up and kick the can down the road for perhaps your entire lifetime.

[cypherdoc]

oops

[cypherdoc]

oops further:

[cypherdoc]

[frienemy]

http://www.youtube.com/watch?v=g6lWjL_nO-c

[rpietila]

I keep seeing predictions about the collapse of the west and the banking system.  While it has serious problems, I think it is dangerous to underestimate establishment's ability to keep it propped up and kick the can down the road for perhaps your entire lifetime.

Especially regarding gold, the bankers have like 80% of the total supply in their vaults (latest addition: Ukraine gold reserves flown to the U.S. when the coup took control of the capital). It is hard not to control the market with such a share.

[El Cabron]

oops further:

Gold was 1300 and BTC was 600 the last time you said gold was crashing.

Now gold is still at 1300 and BTC is at 450.


Why do you make these silly claims? Looking at a 3 day chart is just silly when everyone can see a 6 month chart.


I just don't get the point of this.

[tvbcof]

oops further:

Gold was 1300 and BTC was 600 the last time you said gold was crashing.

Now gold is still at 1300 and BTC is at 450.

Why do you make these silly claims? Looking at a 3 day chart is just silly when everyone can see a 6 month chart.

I just don't get the point of this.

Indeed.  Someone should make a BTC price chart with a marker of every 'bitcoin up, gold collapsing' post of cypherdoc's.  And in 2014 to give the guy a little humility.

Cyph is a 'one trick pony'.  He's right sometimes and not others.  Anyone could do the same with a 50% chance of the same success.  I think it was you and I who talked openly about making a shift (temporary or otherwise) when a BTC was up in the $1000 range.  I was to lazy to do the PM part of things, and slowed down by what turned out to be some poor advice from my CPA.  I guess you were not.

Anyway, the people I have some respect for are those who's positions, and especially in shifts in those positions, result in demonstrable advantageous gain.

[conspirosphere.tk]

Especially regarding gold, the bankers have like 80% of the total supply in their vaults (latest addition: Ukraine gold reserves flown to the U.S. when the coup took control of the capital). It is hard not to control the market with such a share.

they control(led) the paper market. which shows signs of exhaustion:
Gold: The London Vaults are Empty: Price Spike Ahead
http://thevictoryreport.org/london-vaults-spike-ferguson/

JIM WILLIE: OVER 40,000 TONS OF GOLD STOLEN BY THE WEST & SHIPPED EAST
http://www.silverdoctors.com/jim-willie-bombshell-over-40000-tons-of-gold-stolen-by-the-west-shipped-east/

Half of Italy's Gold is Held in New York Fed Vault ...
http://www.goldcore.com/goldcore_blog/GoldCore_Reports_Half_of_Italy_s_Gold_is_Held_in_New_York_Fed_Vault_Is_Repatriation_Possible

Jim Rickards: Switzerland refining gold bars marked 1960s
http://t.co/VwRgcFpF3B

once the paper market fails, all bets are up, and who (actually) has the gold makes the rules.

[tvbcof]

...
Jim Rickards: Switzerland refining gold bars marked 1960s
http://t.co/VwRgcFpF3B

once the paper market fails, all bets are up, and who (actually) has the gold makes the rules.

I'm always amazed at how clearly and efficiently Rickards communicates.  Generally speaking I've never known quite what to make of him, but I've got a lot out of his descriptions of economic principles and such over the years.

[cypherdoc]

Cyph is a 'one trick pony'. 

yep, that's me.

buy dips.

[johnmatrix]

Gold obvously doesnt have such big dips like bitcoin but in the long run bitcoin will win

[bitcoinsrus]

Gold obvously doesnt have such big dips like bitcoin but in the long run bitcoin will win

If only we could compromise and get like a gold or silver bitcoin  

[tvbcof]

Gold obvously doesnt have such big dips like bitcoin but in the long run bitcoin will win

If only we could compromise and get like a gold or silver bitcoin  

No offence, but it's always seemed to me that physical PM BTC manage mostly to join the worst aspects of both asset classes into one integral unit.  And at a healthy premium.  OTOH, they may very well have a value to collectors which ends up on the positive side.