Gold collapsing. Bitcoin UP.

[cypherdoc]

for the same reasons i argue that Bitcoin will win the altcoin space as ppl gravitate to one currency for efficiency reasons and the network effect, i think that Bitcoin wins over gold.  as long as Bitcoin can remain secure, there is every reason to like it better than gold.  definitive fixed supply, portable, divisible, transportable, room for growth, intangible, not encumbered by a paper market (yet), unreachable by gvt, etc.  so no, i don't think they will go up together.  for the last 3 yrs, we've already seen them go in opposite directions.  gold has failed in its historical role as an enforcer to UST's.

Gold will have to compete against crypto, that's an excellent point. I wonder, however, if the baby boomers will feel comfortable investing in bitcoin as a safe haven. There's a lot of old people with a lot of money that would not touch bitcoin even if they think it might be a good bet, just out of fear of the unknown / technological illiteracy, don't you think?

Very true. But just like I say Bitcoin is golds Black Swan, it could be The Boomers Black Swan.

But if the youngins want that to happen, they better get crackin.

[majamalu]

for the same reasons i argue that Bitcoin will win the altcoin space as ppl gravitate to one currency for efficiency reasons and the network effect, i think that Bitcoin wins over gold.  as long as Bitcoin can remain secure, there is every reason to like it better than gold.  definitive fixed supply, portable, divisible, transportable, room for growth, intangible, not encumbered by a paper market (yet), unreachable by gvt, etc.  so no, i don't think they will go up together.  for the last 3 yrs, we've already seen them go in opposite directions.  gold has failed in its historical role as an enforcer to UST's.

Gold will have to compete against crypto, that's an excellent point. I wonder, however, if the baby boomers will feel comfortable investing in bitcoin as a safe haven. There's a lot of old people with a lot of money that would not touch bitcoin even if they think it might be a good bet, just out of fear of the unknown / technological illiteracy, don't you think?

Very true. But just like I say Bitcoin is golds Black Swan, it could be The Boomers Black Swan.

But if the youngins want that to happen, they better get crackin.

I think in the long run Bitcoin has the upper hand, but what if we have to deal with a scenario of widespread panic next week? Isn't it possible to see gold climbing to new highs, even if it is for the last time?

[cypherdoc]

for the same reasons i argue that Bitcoin will win the altcoin space as ppl gravitate to one currency for efficiency reasons and the network effect, i think that Bitcoin wins over gold.  as long as Bitcoin can remain secure, there is every reason to like it better than gold.  definitive fixed supply, portable, divisible, transportable, room for growth, intangible, not encumbered by a paper market (yet), unreachable by gvt, etc.  so no, i don't think they will go up together.  for the last 3 yrs, we've already seen them go in opposite directions.  gold has failed in its historical role as an enforcer to UST's.

Gold will have to compete against crypto, that's an excellent point. I wonder, however, if the baby boomers will feel comfortable investing in bitcoin as a safe haven. There's a lot of old people with a lot of money that would not touch bitcoin even if they think it might be a good bet, just out of fear of the unknown / technological illiteracy, don't you think?

Very true. But just like I say Bitcoin is golds Black Swan, it could be The Boomers Black Swan.

But if the youngins want that to happen, they better get crackin.

I think in the long run Bitcoin has the upper hand, but what if we have to deal with a scenario of widespread panic next week? Isn't it possible to see gold climbing to new highs, even if it is for the last time?

well, here we are, Monday night futures:

gold down



dollar up

[STT]

this is deflationary as it sucks capital and wealth away from productive portions of the economy into these black holes.

Growth can occur during inflation of the monetary base and growth can even occur during deflation.
  Politics doesnt want you to realise that but its another confusion put there, similar to triumphantly saying 'we reduced the deficit'  well thats still crap because a deficit means you are increasing the debt still.
  A reduced deficit is alot of trouble because one day we have to run massive surplus and for many years now it has not happened, we just increase debt and hope to heck inflation will wipe out the value

The reason for poor growth is a reduced currency value realised in exchange for good business but government always has enough money to spend too much.  Most business is forced to cut back varied by its sucess

Monday night futures:

gold down  usd up

If they each diverge 2% then the value of gold has not changed

[cypherdoc]

gold down moar

[cypherdoc]

here's the Building Construction Index.  topped in March:



DJ Heavy Construction Index.  topped in April:

[cypherdoc]

USD breaking up and thru another resistance level.  oh my traderCJ, oh my:

[cypherdoc]

here's the 10 yr weekly Heavy Construction Index.  you see that we've failed to clear the previous peak in 2008.  that's trouble:

[cypherdoc]

gold down moarer

[marcus_of_augustus]

Another thing to note, we just passed the halfway point between the previous block halving (210,000) and the upcoming one (Block 420,000) that was at block 315,000 ...

... the psychology of the market is from now on we are closer to the point of 1800 btc/day than 7200 btc/day inflation rates. If the market is adept at smoothing those lumpy step changes in issuance by pricing in demand/supply imbalances over long periods ...

[cypherdoc]

Gold down moarerer

[Peter R]

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[Erdogan]

Now I get it -it's been staring in my face for weeks:

You use the word deflation in an unconventional third way, not the economic sense of shrinking money supply, not in the populist sense of shrinking prices, but generally as shrinkage.

Shrinking real wages, shrinking house building, shrinking GDP, shrinking dicks.

Makes sense, although it should be properly agreed upon during a discussion.
 

altho it is still probable that my definition fits the traditional definition of shrinking money supply (monetary base+credit). the problem is i can't find any reliable figures on total aggregate debt over time, including shadow banking, and whether it is shrinking or not.  that chart above of net shadow banking liabilities is a big hint as to what is going on, the question being, whether or not it is being adequately offset by increasing gvt debt and monetary base.

anyone?

Fair. Seeing the world overall, we have government debt creation in Japan and China. China is desperate to reduce debt ratios in businesses, but they can't, when they try they feel the pain with failing businesses all over the place. With money supply deflation, we should see falling prices. We have falling prices in gold and some capital commodities. Commodity prices are where we should expect it first, anyway.

[cypherdoc]

Gold collapsing. Bitcoin stabilizing.

[_mr_e]

What happened to the shorts vs usd swaps chart?

[kodtycoon]

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Glass half full:

conveniently left out 5th i guess..

[zeetubes]

Frankfurt court bans Uber taxi services across Germany

Perhaps they shouldn't have chosen a German name for the company.

http://www.reuters.com/article/2014/09/02/us-uber-germany-ruling-idUSKBN0GX0OM20140902

[wachtwoord]

Frankfurt court bans Uber taxi services across Germany

Perhaps they shouldn't have chosen a German name for the company.

http://www.reuters.com/article/2014/09/02/us-uber-germany-ruling-idUSKBN0GX0OM20140902

Especially uber. Very touchy name.

[_mr_e]

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Glass half full:

conveniently left out 5th i guess..

A little too convenient. For shame.

You all may be very interested in this: https://bitcointalk.org/index.php?topic=762346

Jl777 is just a simple c programmer who is just building a super network with nxt and btcd at its core.

[cypherdoc]

Gold getting decimated.

Major breakout; to the downside.