marcus_of_augustus
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Eadem mutata resurgo
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June 19, 2014, 06:56:12 PM |
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gold could easily explode at any time ... no i mean really explode.
the parlous situation in the gold markets and gold banking world is untenable, there is very little physical gold to be had anywhere.
on very good authority a major swiss bank is now refusing customer withdrawals of physical bullion and insisting on cash (fiat) settlement only ... this is a pattern that has become more and more widespread but Swiss banks out of gold? really? yes really.
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justusranvier
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June 19, 2014, 07:13:04 PM |
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on very good authority a major swiss bank is now refusing customer withdrawals of physical bullion and insisting on cash (fiat) settlement only ... this is a pattern that has become more and more widespread but Swiss banks out of gold? really? yes really. Gold owners are getting Goxxed?
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FNG
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June 19, 2014, 07:20:53 PM |
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on very good authority a major swiss bank is now refusing customer withdrawals of physical bullion and insisting on cash (fiat) settlement only ... this is a pattern that has become more and more widespread but Swiss banks out of gold? really? yes really. Gold owners are getting Goxxed? Paper gold owners Hopefully, for their sake, it wasn't allocated gold. If it was..this may lead to a rush for physical
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adamstgBit
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Trusted Bitcoiner
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June 19, 2014, 07:40:10 PM |
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Here we go PM collapsing again everything is alright with the world.
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traderCJ
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June 19, 2014, 09:02:29 PM |
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on very good authority a major swiss bank is now refusing customer withdrawals of physical bullion and insisting on cash (fiat) settlement only ... this is a pattern that has become more and more widespread but Swiss banks out of gold? really? yes really.
Can you elaborate on the source?
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tvbcof
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June 19, 2014, 09:42:08 PM |
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on very good authority a major swiss bank is now refusing customer withdrawals of physical bullion and insisting on cash (fiat) settlement only ... this is a pattern that has become more and more widespread but Swiss banks out of gold? really? yes really. Gold owners are getting Goxxed? Paper gold owners Hopefully, for their sake, it wasn't allocated gold. If it was..this may lead to a rush for physical I love paper PM suckers. They've been the gift that keeps on giving for those of us who like the phyz...and have been accumulating. If/when the music stops they'll also be a big factor in causing the phyz to exceed it's reasonable steady-state value. I've always expected to try to draw down if/when we hit that point. Just like Jim 'Mr. Gold' Sinclair did back in the 80's. This multi-year trough in gold prices has exceeded my expectations in terms of duration by some margin. All it means (hopefully) is that that much more stress has built up and the relief will be that much more impressive. But I still think that there is a very real possibility that no matter what happens with PM's it will be pretty ho-hum compared to what we see in Bitcoin if/when it finally goes. I'll be very happy with either of these eventualities.
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sig spam anywhere and self-moderated threads on the pol&soc board are for losers.
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boumalo
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June 20, 2014, 07:46:25 AM |
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on very good authority a major swiss bank is now refusing customer withdrawals of physical bullion and insisting on cash (fiat) settlement only ... this is a pattern that has become more and more widespread but Swiss banks out of gold? really? yes really. Gold owners are getting Goxxed? Paper gold owners Hopefully, for their sake, it wasn't allocated gold. If it was..this may lead to a rush for physical I love paper PM suckers. They've been the gift that keeps on giving for those of us who like the phyz...and have been accumulating. If/when the music stops they'll also be a big factor in causing the phyz to exceed it's reasonable steady-state value. I've always expected to try to draw down if/when we hit that point. Just like Jim 'Mr. Gold' Sinclair did back in the 80's. This multi-year trough in gold prices has exceeded my expectations in terms of duration by some margin. All it means (hopefully) is that that much more stress has built up and the relief will be that much more impressive. But I still think that there is a very real possibility that no matter what happens with PM's it will be pretty ho-hum compared to what we see in Bitcoin if/when it finally goes. I'll be very happy with either of these eventualities. The sentiment on Gold among the financial world is very low, the Gold market is manipulated to a lower price than what it should be China&bricks are buying and Gold bugs buying physical gold are not going to sell for a 20% raise, they are going to keep their Gold and maybe sold a fraction of it when the price had been multi plicated many folds
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tabnloz
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June 20, 2014, 07:52:36 AM |
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I posted this in the Death of Money review thread. I think it is also relevant here as Rickards is a known gold bug http://www.darientimes.com/32801/rickards-connecting-dots-in-the-global-mosaic/tldr: - US turning to Shi'ite supporting Iran to repel Saudi backed Sunni ISIS = Saudi notices less need for petrodollar, direct trade with China. - Russia sits back in Ukraine, doing shit when attention shifts. - Turkey may be drawn in to regional conflict due to Kurdish Nth Iraq, Jordan shelters ISIS and has US bases. - Gold up, oil up. I would add Bitcoin up.
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FNG
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June 20, 2014, 10:46:19 AM |
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I posted this in the Death of Money review thread. I think it is also relevant here as Rickards is a known gold bug http://www.darientimes.com/32801/rickards-connecting-dots-in-the-global-mosaic/tldr: - US turning to Shi'ite supporting Iran to repel Saudi backed Sunni ISIS = Saudi notices less need for petrodollar, direct trade with China. - Russia sits back in Ukraine, doing shit when attention shifts. - Turkey may be drawn in to regional conflict due to Kurdish Nth Iraq, Jordan shelters ISIS and has US bases. - Gold up, oil up. I would add Bitcoin up. Battle over pipelines. Qatar and Saudi want to feed Europe via Syria. Russia wants to feed them through Ukraine. This could effectively be "it" for the USD by the time the mess is sorted. Nobody needs the U.S anymore http://www.gold-eagle.com/article/syria-pipeline-politics-opec-usdollar
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vokain
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June 20, 2014, 10:51:33 AM |
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okthen
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June 20, 2014, 04:22:16 PM |
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on very good authority a major swiss bank is now refusing customer withdrawals of physical bullion and insisting on cash (fiat) settlement only ... this is a pattern that has become more and more widespread but Swiss banks out of gold? really? yes really.
Can you elaborate on the source? That's huge. They were one of the last to have decent gold reserves in Europe... Now they make you withdraw cash? There goes Switzerland as world banker. Bitcoin is really becoming necessary.
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boumalo
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June 20, 2014, 05:34:12 PM |
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Gold UP Bitcoin UP
big banks failing, government bail out, hyperinflation, riots, extremists taking power, wars are sadly around the corner
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cypherdoc (OP)
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June 20, 2014, 10:00:10 PM |
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tvbcof
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June 20, 2014, 10:39:35 PM |
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gold collapsing, bitcoin up!
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sig spam anywhere and self-moderated threads on the pol&soc board are for losers.
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fonzie
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June 20, 2014, 10:41:25 PM |
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"To know death, Otto, you have to fuck life in the gallbladder" www.hsbc.com - The world´s local bank "These FUDsters are insane egomaniacs that just want cheap BTC" - oblivi
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cypherdoc (OP)
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June 20, 2014, 10:49:30 PM |
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gold collapsing, bitcoin up! it's nice to be admired.
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cypherdoc (OP)
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June 21, 2014, 12:05:00 AM |
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smoothie
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LEALANA Bitcoin Grim Reaper
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June 21, 2014, 12:21:05 AM |
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Your idea of having 7 people hold up each a letter of BITCOIN at the game is an awesome one. What day in december was it?
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███████████████████████████████████████
,╓p@@███████@╗╖, ,p████████████████████N, d█████████████████████████b d██████████████████████████████æ ,████²█████████████████████████████, ,█████ ╙████████████████████╨ █████y ██████ `████████████████` ██████ ║██████ Ñ███████████` ███████ ███████ ╩██████Ñ ███████ ███████ ▐▄ ²██╩ a▌ ███████ ╢██████ ▐▓█▄ ▄█▓▌ ███████ ██████ ▐▓▓▓▓▌, ▄█▓▓▓▌ ██████─ ▐▓▓▓▓▓▓█,,▄▓▓▓▓▓▓▌ ▐▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▌ ▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓─ ²▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓╩ ▀▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▀ ²▀▀▓▓▓▓▓▓▓▓▓▓▓▓▀▀` ²²² ███████████████████████████████████████
| . ★☆ WWW.LEALANA.COM My PGP fingerprint is A764D833. History of Monero development Visualization ★☆ . LEALANA BITCOIN GRIM REAPER SILVER COINS. |
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smoothie
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LEALANA Bitcoin Grim Reaper
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June 21, 2014, 12:22:31 AM |
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gold collapsing, bitcoin up! Quoted for reference in the future =). BTW ...that is pretty funny. Thanks for the laugh. I just see that you are looking in the mirror when that troll face pops up... Nothing like trolling yourself and not knowing it.
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███████████████████████████████████████
,╓p@@███████@╗╖, ,p████████████████████N, d█████████████████████████b d██████████████████████████████æ ,████²█████████████████████████████, ,█████ ╙████████████████████╨ █████y ██████ `████████████████` ██████ ║██████ Ñ███████████` ███████ ███████ ╩██████Ñ ███████ ███████ ▐▄ ²██╩ a▌ ███████ ╢██████ ▐▓█▄ ▄█▓▌ ███████ ██████ ▐▓▓▓▓▌, ▄█▓▓▓▌ ██████─ ▐▓▓▓▓▓▓█,,▄▓▓▓▓▓▓▌ ▐▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▌ ▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓─ ²▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓╩ ▀▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▀ ²▀▀▓▓▓▓▓▓▓▓▓▓▓▓▀▀` ²²² ███████████████████████████████████████
| . ★☆ WWW.LEALANA.COM My PGP fingerprint is A764D833. History of Monero development Visualization ★☆ . LEALANA BITCOIN GRIM REAPER SILVER COINS. |
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