Gold collapsing. Bitcoin UP.

[notme]

i thought the USD was supposed to go down?

Patience, let the central bankers do what they do best.

Stocks must go down, PM must be under control, before 6/19. That's an order from the master.

What happens on 6/19?

[silverbox]

i thought the USD was supposed to go down?

Patience, let the central bankers do what they do best.

Stocks must go down, PM must be under control, before 6/19. That's an order from the master.

What happens on 6/19?

Doesn't matter, the king of kings shows up on 5/27..

http://www.ronaldweinland.com/

    

[notme]

i thought the USD was supposed to go down?

Patience, let the central bankers do what they do best.

Stocks must go down, PM must be under control, before 6/19. That's an order from the master.

What happens on 6/19?

Doesn't matter, the king of kings shows up on 5/27..

http://www.ronaldweinland.com/

    

WWIII in less than 4 days... damn, I need to get ready.

[bitcool]

i thought the USD was supposed to go down?

Patience, let the central bankers do what they do best.

Stocks must go down, PM must be under control, before 6/19. That's an order from the master.

What happens on 6/19?

Let's F the World ceremony

[notme]

i thought the USD was supposed to go down?

Patience, let the central bankers do what they do best.

Stocks must go down, PM must be under control, before 6/19. That's an order from the master.

What happens on 6/19?

Let's F the World ceremony

You mean this?
http://news.yahoo.com/bristol-palin-reality-series-premiere-june-19-141016420.html

[YoYa]

I just learned about Rhodium, do I put all my savings in to it? 

[notme]

I just learned about Rhodium, do I put all my savings in to it? 

I just bought some.... I needed a new catalytic converter.

[silverbox]

I just learned about Rhodium, do I put all my savings in to it? 

Start small, only buy a couple pounds..

[bitcool]

i thought the USD was supposed to go down?

Patience, let the central bankers do what they do best.

Stocks must go down, PM must be under control, before 6/19. That's an order from the master.

What happens on 6/19?

Let's F the World ceremony

You mean this?
http://news.yahoo.com/bristol-palin-reality-series-premiere-june-19-141016420.html

That's silly... But the world is getting crazier

[bitcool]

i thought the USD was supposed to go down?

Patience, let the central bankers do what they do best.

Stocks must go down, PM must be under control, before 6/19. That's an order from the master.

What happens on 6/19?

It's the start of QE 2.99

[notme]

i thought the USD was supposed to go down?

Patience, let the central bankers do what they do best.

Stocks must go down, PM must be under control, before 6/19. That's an order from the master.

What happens on 6/19?

It's the start of QE 2.99

Ah, the g20 summit.

[silverbox]

[silverbox]

Why is this thread so popular? I just read a couple of the beginning pages and a few of the end. It started about one thing but I don't know what is is about now?

Same thing.  Gold not collapsing and bitcoin not being up..

With a bit of rambling thrown in here and there.

Oh yeah and there is the AAPL bet..  Which is looking pretty promissing for yours truly..

[tvbcof]

Ok. I get it. A lot of the ramblings involved AAPL

...plus some passers-by who notice a disturbance and join the crowd to figure out what the hell it is.  Humans tend to be quite predictable in their behavior.

[notme]

Why is this thread so popular? I just read a couple of the beginning pages and a few of the end. It started about one thing but I don't know what is is about now?

Hmm... "I skipped the majority of the conversation and now I'm lost" is what I'm hearing.

[bitcool]

Why is this thread so popular? I just read a couple of the beginning pages and a few of the end. It started about one thing but I don't know what is is about now?

Hmm... "I skipped the majority of the conversation and now I'm lost" is what I'm hearing.

Yes. I would say it differently. I tried to figure out what the converstation was about without reading for 20 minutes. After 5 minutes I decided to just ask because I was lost.

Let's make the long story short: Mr. Cypherdoc, the great marketer, tries to scare some wealthy individuals out of PM market to support bitcoins, but those stingy bugs won't budge, holding on for dear life to their coin bags, kicking and screaming. 

[tvbcof]

General Comment: Gold's performance in relation to the USDX is startling and troubling today.
The upward move in BTC that I was anticipating remains something of a yawn.

Another Score:  5/23/12
          year ago    now       delta mult
BTC     7.10         5.13       + 0.72
Gold    1515         1562      + 1.03

--------------------------
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
2012-05-23  7.10  5.13  0.72    1515  1562  1.03
2012-05-22  6.30  5.09  0.81    1512  1560  1.03
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

[miscreanity]

not sure how anyone could be patient with silver off 46% from the top.

The price does not reflect value.

The brokerage I use doesn't offer it to my knowledge.  If I'm going to take delivery of certs, I might as well just buy physical (which I have the percentage I want in physical).  Sides none of my brokerage accounts are over the insured limits.  So unless my online brokerage and the federal government fail at the same time, I'm pretty safe.  If they do fail at the same time, its likely my certs or direct registered shares are worthless as well.

If you really want security, hold the metal in your hand

The point is that you would probably do better to have shares vs. something someone on the other side of a naked short gave you in lu of a share.  The differences in how these two distinct items are treated in the years of lawsuits which would follow an implosion of your broker (in the hopeful case that we have a functional justice system to adjudicate such things) could well be significant.

But do as you will.  I'm not yet to the point of even wishing to play with jr miners even though, as you say, it's getting pretty damned tempting.  OTOH, it's been tempting for many years and I have yet to regret not 'jumping in it.'

A brokerage is not the deciding factor of direct registration. If a company handles share issuance in-house or uses a transfer agent, it is dependent upon the company or its transfer agent.

The real issue is not whether your broker or the gov't fail, but whether your shares have been lent out. In that case, rehypothecation may come into play. If you do not have your shares entered as book entries with a 3rd party other than your broker (the respective company or transfer agent), you will have difficulty establishing ownership and retrieving your assets - if you even have any hope of getting them back at all.

If it's your word against your broker or a firm claiming rehypothecation rights, you are screwed. If you have a 3rd party with independent confirmation of your ownership, you will be at the front of the line for claim payout.

Government is never a guarantee!

[miscreanity]

I just learned about Rhodium, do I put all my savings in to it? 

Try tantalum. Call me when it crashes and you want to panic sell

[tvbcof]

The point is that you would probably do better to have shares vs. something someone on the other side of a naked short gave you in lu of a share.  The differences in how these two distinct items are treated in the years of lawsuits which would follow an implosion of your broker (in the hopeful case that we have a functional justice system to adjudicate such things) could well be significant.

But do as you will.  I'm not yet to the point of even wishing to play with jr miners even though, as you say, it's getting pretty damned tempting.  OTOH, it's been tempting for many years and I have yet to regret not 'jumping in it.'

A brokerage is not the deciding factor of direct registration. If a company handles share issuance in-house or uses a transfer agent, it is dependent upon the company or its transfer agent.

The real issue is not whether your broker or the gov't fail, but whether your shares have been lent out. In that case, rehypothecation may come into play. If you do not have your shares entered as book entries with a 3rd party other than your broker (the respective company or transfer agent), you will have difficulty establishing ownership and retrieving your assets - if you even have any hope of getting them back at all.

If it's your word against your broker or a firm claiming rehypothecation rights, you are screwed. If you have a 3rd party with independent confirmation of your ownership, you will be at the front of the line for claim payout.

M is right here and T (me) is wrong on the mechanics.

Either way it is almost certainly good advice to cover one's ass as much as possible unless you are going in truly penny-ante and intend to stay that way.  If you are going to play, you might as well play to win since if there is a payoff worth having a lot of people will be interested in having it and you are likely to need all the advantages you can muster.