Gold collapsing. Bitcoin UP.

[marcus_of_augustus]

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]

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?

[FNG]

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

[adamstgBit]

Here we go PM collapsing again everything is alright with the world.

[traderCJ]

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?

[tvbcof]

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.

[boumalo]

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

[tabnloz]

Cheers. I'll gibe the thread a read.

USD, UST's, stocks all down, with gold up.  hmmmm....

only one day so no big deal.  will have to see if this unusual correlation persists.

My eyes are on this.

http://www.telegraph.co.uk/news/worldnews/middleeast/saudiarabia/10911281/Iraq-crisis-Britain-and-US-must-not-meddle-in-Iraq-warns-Saudi-Arabia.html

A failure in our relationship with S.A, Qatar, and Kuwait could see a flood of $'s and mad dash to gold. U.S already fucked up on Russia....S.A will be the straw so to speak.

$ collapsing, Gold and bitcoin up a hell of a lot

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.

[FNG]

Cheers. I'll gibe the thread a read.

USD, UST's, stocks all down, with gold up.  hmmmm....

only one day so no big deal.  will have to see if this unusual correlation persists.

My eyes are on this.

http://www.telegraph.co.uk/news/worldnews/middleeast/saudiarabia/10911281/Iraq-crisis-Britain-and-US-must-not-meddle-in-Iraq-warns-Saudi-Arabia.html

A failure in our relationship with S.A, Qatar, and Kuwait could see a flood of $'s and mad dash to gold. U.S already fucked up on Russia....S.A will be the straw so to speak.

$ collapsing, Gold and bitcoin up a hell of a lot

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

[vokain]

[okthen]

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.

[cypherdoc]

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.

otoh, it's seems Switzerland is opening back up to ATM's and exchanges:

http://www.coindesk.com/swiss-regulators-give-green-light-bitcoin-atm-network/

http://www.bilan.ch/argent-finances-plus-de-redaction/negoce-bitcoin-devient-realite-suisse

equally huge.

[boumalo]

Gold UP Bitcoin UP

big banks failing, government bail out, hyperinflation, riots, extremists taking power, wars are sadly around the corner

[cypherdoc]

Party Time!

first a tailgater and then in the stands:

http://www.reddit.com/r/Bitcoin/comments/28noiv/bitpay_executive_chairman_tony_gallippi_on_the/

lotsa handheld signs!

[tvbcof]

gold collapsing, bitcoin up!

[fonzie]

gold collapsing, bitcoin up!

 

[cypherdoc]

gold collapsing, bitcoin up!

it's nice to be admired.

[cypherdoc]

Even Jeffrey Tucker's eaten the troll food!

http://m.youtube.com/watch?v=s0kDX3yjiFc&feature=share

[smoothie]

Party Time!

first a tailgater and then in the stands:

http://www.reddit.com/r/Bitcoin/comments/28noiv/bitpay_executive_chairman_tony_gallippi_on_the/

lotsa handheld signs!

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?

[smoothie]

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.