Gold collapsing. Bitcoin UP.

[silverbox]

BTW, what u guys think about facebook stock, worth a shot or will crash soon?

Wouldn't touch it with a 10 foot pole.  But you never know, it could go up, I don't see it thu

PE of 108... You've got to be kidding me.

Forward PE could be 2 or 3..  They do have ~10% of all the people on the ENTIRE PLANET looking at their damn facebook pages every day.. The advertising potential is huge should they choose to exploit it in a way that doesn't turn peeps off..

Full disclosure:  I do not have a facebook page, but I might make one soon just to pick up chicks..

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[silverbox]

Today could be the day the downtrend is broken!!

Go baby go!!

http://www.cnbc.com/id/47506512

Double up on that bottom yo!!

[SkRRJyTC]

Double up on that bottom yo!!

That looks much more like a top than it looks like a double bottom to me...

This is just a bounce off of SMA(20,1,w) or you could attribute it to all the retail investors who had to cash out some AAPL to buy FB, now cashing out of FailBook and going back into AAPL

[silverbox]

OMG it just won't stop!!!

[S3052]

Maybe I should sign up for a spread betting company offering facebook so I can short it.  Except I wont.

On igmarkets you can already short facebook as of Friday.. and I did it :-)

[S3052]

Min-Max Ranges:

• 40-80% gold
• 10-40% silver
• 10-30% bitcoin

Why? First, gold is the metal that will be revalued and remonetised into the global financial system (Bitcoin hasn't made enough inroads yet). Second, gold is less expensive to store than silver. Third, although silver will rise with gold, there is no certainty as to when & how revaluation will occur, or whether silver will keep up during latter stages of revalutation (financial utility may boost gold for a some time, even though the natural ratio is below 20:1).

I tend to agree with your ranges, with the addition that Silver most often behaves like an industrial metal and crashes with the entire financial market (i.e. Silver is already down about 50% from the Apr '11 high while Gold is UP vs. 2011..
This is why I recommend 0-15% silver in bear markets like we are in.

[silverbox]

I'm heavier into silver then gold, I think it has more upside then gold.

If it gets to 30 to 1 (50 silver 1500 gold).  I might think about rebalancing.

[S3052]

I rather think it will soon be 100 (Gold) : 1 (Silver)

Lets see , the jury is out

[tvbcof]

I rather think it will soon be 100 (Gold) : 1 (Silver)

Lets see , the jury is out

Hmmm...Silver at $160,000/oz and 'soon', eh?  Or do you mean gold at $0.28/oz?

Thanks for reminding me how useless it is to pay attention to 'financial professionals'.

[bitcool]

...
Silver I consider somewhere between Gold and Bitcoin, but much closer to the Gold end of the spectrum.
...

This is only true volatility wise. 

If I were to order the abstraction of commodity currencies, it would be:
Water - Wheat - Pork belly - Copper - Silver - Gold - Bitcoin

[S3052]

I rather think it will soon be 100 (Gold) : 1 (Silver)

Lets see , the jury is out

Hmmm...Silver at $160,000/oz and 'soon', eh?  Or do you mean gold at $0.28/oz?

Thanks for reminding me how useless it is to pay attention to 'financial professionals'.

Gold 1,300 $, Silver 13 $. It is that simple.

[tvbcof]

...
Silver I consider somewhere between Gold and Bitcoin, but much closer to the Gold end of the spectrum.
...

This is only true volatility wise. 

If I were to order the abstraction of commodity currencies, it would be:
Water - Wheat - Pork belly - Copper - Silver - Gold - Bitcoin

My ordering:

  gold -> silver ----(xMany)---> BTC

is something I would argue in terms of safely storing wealth (high to low) and in terms of _potential_ to increase one's wealth (low to high.)

[tvbcof]

I rather think it will soon be 100 (Gold) : 1 (Silver)

Lets see , the jury is out

Hmmm...Silver at $160,000/oz and 'soon', eh?  Or do you mean gold at $0.28/oz?

Thanks for reminding me how useless it is to pay attention to 'financial professionals'.

Gold 1,300 $, Silver 13 $. It is that simple.

Thanks, but you've already reminded me.

[S3052]

I rather think it will soon be 100 (Gold) : 1 (Silver)

Lets see , the jury is out

Hmmm...Silver at $160,000/oz and 'soon', eh?  Or do you mean gold at $0.28/oz?

Thanks for reminding me how useless it is to pay attention to 'financial professionals'.

Gold 1,300 $, Silver 13 $. It is that simple.

Thanks, but you've already reminded me.

No worries, I pay you all you can drink in beer for one day if I am wrong (if you drink beer)

[tvbcof]

I rather think it will soon be 100 (Gold) : 1 (Silver)

Lets see , the jury is out

Hmmm...Silver at $160,000/oz and 'soon', eh?  Or do you mean gold at $0.28/oz?

Thanks for reminding me how useless it is to pay attention to 'financial professionals'.

Gold 1,300 $, Silver 13 $. It is that simple.

Thanks, but you've already reminded me.

No worries, I pay you all you can drink in beer for one day if I am wrong (if you drink beer)

You cannot be wrong.  'soon' is to poorly defined (and the valuation of the USD is also subject to massive upheavals.)  I can tell you that 'soon' there will be a supervolcano at yellowstone and be quite correct in that projection because relative to the age of the earth, the next eruption is just around the corner.

If you want to put a bet on gold vs. barrels of oil at a particular point in time, and further stipulate that neither item is encumbered by legal issues, feel free to pop one out.  I like that high-end barelywine.  About $30/bottle, but even just one bottle gives me a lasting headache so there is no way I'm going to put away more than one/day.

[silverbox]

silver is going to 160k per oz zoon!!!  WOOT!! 

[SkRRJyTC]

S3052, could you please post some of your reasoning for your $13 dollar target for silver?

[tvbcof]

General Comment: BTC FTW (vs. last.)

Another Score:  5/21/12
          year ago    now       delta mult
BTC     5.90         5.10       + 0.86
Gold    1514         1590      + 1.05

--------------------------
ref (for future updates):
http://bitcoincharts.com/charts/mtgoxUSD#czsg2011-05-08zeg2011-05-08ztgSzm1g10zm2g25zv  (change date)
http://www.kitco.com/charts/livegold.html  (hist cgi at bottom)
mult=now/year_ago

day           ya-btc  btc  mult    ya-Au  Au    mult
2012-05-21  5.90  5.10  0.86    1514  1590  1.05
2012-05-18  7.50  5.12  0.68    1497  1592  1.06    
2012-05-17  7.80  5.09  0.65    1480  1574  1.06            
2012-05-16  7.40  5.09  0.69    1495  1533  1.03
2012-05-15  6.80  5.03  0.74    1492  1545  1.04
2012-05-14  8.50  5.00  0.59    1495  1555  1.04
2012-05-12  5.40  4.95  0.92    1505  1580  1.05
2012-05-11  5.00  4.95  0.99    1505  1580  1.05
2012-05-10  3.82  4.90  1.28    1510  1593  1.05
2012-05-09  3.75  5.03  1.34    1510  1590  1.05
2012-05-08  3.64  5.03  1.38    1497  1605  1.07

[bitsire]

Min-Max Ranges:

• 40-80% gold
• 10-40% silver
• 10-30% bitcoin

Why? First, gold is the metal that will be revalued and remonetised into the global financial system (Bitcoin hasn't made enough inroads yet). Second, gold is less expensive to store than silver. Third, although silver will rise with gold, there is no certainty as to when & how revaluation will occur, or whether silver will keep up during latter stages of revalutation (financial utility may boost gold for a some time, even though the natural ratio is below 20:1).

Thanks for the feedback miscreanity! I did struggle with my 50% silver and 30% gold choices for a while, but in my case I decided to go with the more speculative play. I see a lot more profit potential with silver, and the volatility doesn't bother me as I'm not selling anytime soon. Also, I would not be the slightest bit surprised to find out that there is actually much less available silver in the world than we've been led to believe.

I keep some USD, CAD and CHF on hand as well, and I'm looking at getting some more concealable gold like necklaces and bracelets in case the time ever comes where I have to pack up and F off in a hurry - gold jewelry and small coins would be best for that. A USB stick full of bitcoins wouldn't hurt either, especially if you have to go through any sort of checkpoint. 

[tvbcof]

Min-Max Ranges:

• 40-80% gold
• 10-40% silver
• 10-30% bitcoin

Why? First, gold is the metal that will be revalued and remonetised into the global financial system (Bitcoin hasn't made enough inroads yet). Second, gold is less expensive to store than silver. Third, although silver will rise with gold, there is no certainty as to when & how revaluation will occur, or whether silver will keep up during latter stages of revalutation (financial utility may boost gold for a some time, even though the natural ratio is below 20:1).

Thanks for the feedback miscreanity! I did struggle with my 50% silver and 30% gold choices for a while, but in my case I decided to go with the more speculative play. I see a lot more profit potential with silver, and the volatility doesn't bother me as I'm not selling anytime soon. Also, I would not be the slightest bit surprised to find out that there is actually much less available silver in the world than we've been led to believe.

I keep some USD, CAD and CHF on hand as well, and I'm looking at getting some more concealable gold like necklaces and bracelets in case the time ever comes where I have to pack up and F off in a hurry - gold jewelry and small coins would be best for that. A USB stick full of bitcoins wouldn't hurt either, especially if you have to go through any sort of checkpoint. 

Full body scanners are popping up like mushrooms in the US, and manual cavity checks are now available to any degenerate law enforcement officer who get's his jollies out of such things.  I'd try to avoid a path which takes you through the US, but I don't expect you would require much convincing of that.  I'd be shocked if such policies were far behind in the vassal state of Canada (and I am aware that you guys are a commonwealth of the British Crown...in theory that is.)

I might suggest that a (well) encrypted wallet.dat floating around in the ether of cyberspace is an alternative, or supplement, to a USB stick, and might have it's advantages in a worst-case scenario.