miscreanity
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May 08, 2012, 09:08:33 PM |
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I find it particularly telling that the dollar index still can't get a handle above 80 with everything else diving, and the long bond isn't exactly skyrocketing either.
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silverbox
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May 08, 2012, 09:13:39 PM |
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I find it particularly telling that the dollar index still can't get a handle above 80 with everything else diving, and the long bond isn't exactly skyrocketing either.
Its a race to see who can print the fastest
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tvbcof
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May 08, 2012, 09:32:44 PM |
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...
As for the article, in relation to paper vs. physical precious metal prices: the real value of gold (and perhaps silver) will be even more obscured than it already is.
This has always been a simple issue for me. The price is whatever I can obtain a 1-oz KR for from my dealer. I'm not sure what metric I'm going to use if the dealer's supply runs out (if I want to be a seller.) I could imagine worse problems to have...assuming an absence of legal issues which may pop up around ownership and exchange of PMs.
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sig spam anywhere and self-moderated threads on the pol&soc board are for losers.
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tvbcof
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May 08, 2012, 11:38:43 PM |
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I think it was you who was potentially interested in my 'bakcoin' idea some months ago. I hacked out some material around that time, but have been off on other completely unrelated interests since and have not touched it. I'd have to do (much) more work before presenting it as an alternate crypto-currency or whatever, but here's what I've got for those who might be interested: http://bakcoin.orgYes, it was me I'll have to revisit the topic again. ... I mentioned it because your comments seemed to recognize the potential value of merged-mining and 'sharding'. Both are elements of the 'bakcoin' concepts that I was musing about. - snip - different post to consider scalability at some later point in time.
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sig spam anywhere and self-moderated threads on the pol&soc board are for losers.
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cypherdoc (OP)
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May 09, 2012, 02:17:03 AM |
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pm's sinking faster and faster now that we've cleared $1600...it will get worse once we clear the December lows...
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cypherdoc (OP)
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May 09, 2012, 02:55:19 AM |
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Bitcoin holding beautifully in the face of this stock/gold/silver/oil/commodity selloff. We're forming a series of hammers and the oscillators are narrowing preparing for launch.
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miscreanity
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May 09, 2012, 03:19:26 AM |
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pm's sinking faster and faster now that we've cleared $1600...it will get worse once we clear the December lows...
It's much the same as what happened during 2008: assets that are still in the green have to be dumped to cover losses. The game of wealth concentration continues - the fearful and leveraged get forced out at a loss, selling directly into the hands of big players under cover of Armageddon. Meanwhile, physical precious metals demand is higher than ever. Nothing adds up correctly on the paper side. In the race to debase, Euro below $1.25 pushes the Fed to act.
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cypherdoc (OP)
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May 09, 2012, 04:23:28 AM |
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pm's sinking faster and faster now that we've cleared $1600...it will get worse once we clear the December lows...
It's much the same as what happened during 2008: assets that are still in the green have to be dumped to cover losses. The game of wealth concentration continues - the fearful and leveraged get forced out at a loss, selling directly into the hands of big players under cover of Armageddon. Meanwhile, physical precious metals demand is higher than ever. Nothing adds up correctly on the paper side. In the race to debase, Euro below $1.25 pushes the Fed to act. no reason to be bitter. It was predictable according to cycle theory.
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cypherdoc (OP)
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May 09, 2012, 02:01:38 PM |
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. Everything down today. ;( The market, gold, AAPL, BTC.. ;( Lets blame it on the French!! what's the score? what, you only want to give the score when you want to? I just did it yesterday! I have a headache the headache must be huge about now; btw, what's the score?
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N12
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May 09, 2012, 02:02:59 PM |
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the headache must be huge about now; btw, what's the score? Will be picking up some gold once we get to BTC/AU parity.
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cypherdoc (OP)
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May 09, 2012, 02:05:32 PM |
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the headache must be huge about now; btw, what's the score? Will be picking up some gold once we get to BTC/AU parity. but what if they invert?
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N12
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May 09, 2012, 02:06:51 PM |
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the headache must be huge about now; btw, what's the score? Will be picking up some gold once we get to BTC/AU parity. but what if they invert? One thousand ounces for a Bitcoin is fine too. First step: Silver parity.
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silverbox
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May 09, 2012, 02:47:21 PM |
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In the race to debase lol I like that.
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silverbox
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May 09, 2012, 02:50:20 PM |
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. Everything down today. ;( The market, gold, AAPL, BTC.. ;( Lets blame it on the French!! what's the score? what, you only want to give the score when you want to? I just did it yesterday! I have a headache the headache must be huge about now; btw, what's the score? Yeah its getting ugly. The fed needs to make some noise about QE3 right about now.. The score: this thread was started 3/13 Bitcoin 5.40 Gold 1690. today 5/9 Bitcoin 5.06 (down ~6%) Gold 1588 (down ~6%) BTC still isn't up . Gold is now doing just as badly as BTC. Its a tie!! AAPL 563
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cypherdoc (OP)
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May 09, 2012, 03:47:41 PM |
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In the race to debase lol I like that. Wait, wait, wait; i'm the marketer here. it's: The Race to Debace. even if it isn't going to work
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proudhon
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May 09, 2012, 05:05:07 PM |
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. Everything down today. ;( The market, gold, AAPL, BTC.. ;( Lets blame it on the French!! what's the score? what, you only want to give the score when you want to? I just did it yesterday! I have a headache the headache must be huge about now; btw, what's the score? Yeah its getting ugly. The fed needs to make some noise about QE3 right about now.. The score: this thread was started 3/13 Bitcoin 5.40 Gold 1690. today 5/9 Bitcoin 5.06 (down ~6%) Gold 1588 (down ~6%) BTC still isn't up . Gold is now doing just as badly as BTC. Its a tie!! AAPL 563 Thanks for the update.
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Bitcoin Fact: the price of bitcoin will not be greater than $70k for more than 25 consecutive days at any point in the rest of recorded human history.
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Kluge
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May 09, 2012, 05:16:22 PM |
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Lame. Get to the asteroids, already.
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tvbcof
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May 09, 2012, 06:04:12 PM |
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Lame. Get to the asteroids, already. I suspect that we'll run out of the energy and capital needed to do undersea mining before we run out of suitable surface reserves. But I've not studied the abundance and quality of sub-sea deposits. The most tenable thing seems to me to be nanotechnology to snatch elements of interest out of the environment. And to build molecules of interest if they are the target. Next most tenable thing would be to use the effectively unlimited energy supply of nuclear fusion to transmutate elements to the desired ones. Lastly would be to undertake to try to locate and exploit reserves in outer space. So, there are some possible modes of significant inflation in a PM based economy. The all strike me as some distance out, but I keep my eyes open. The possible failure modes of Bitcoin strike me as a much more significant and immediate concern.
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sig spam anywhere and self-moderated threads on the pol&soc board are for losers.
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miscreanity
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May 09, 2012, 06:53:48 PM |
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I've been following Nautilus for a few years - huge potential, although acquiring permits & rights was a tortuously slow process. With the amount being brought up, there may be a brief period of real gold value stagnation as the stock to flow ratio changes exceed global economic growth. It won't do anything to disrupt current valuation, though - 5-digit minimum USD value is a foregone conclusion. Asteroid mining would definitely have a greater impact, but that's at least a decade away. Maybe there'll be a gold cartel, similar to the diamond cartel of today. In fact, I think the diamond cartel has done a much better job of maintaining stability than the Fed or any other central bank...
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