Gold collapsing. Bitcoin UP.

[cypherdoc]

d*mnit.  still can't get a live chart up!

[cypherdoc]

oh, that is just BEAUTIFUL!!!!!!!!!!!!!!!!!

[miscreanity]

How many bitcoins are needed to trade for 1oz of gold and 1oz of silver?



The data uses the daily London silver, PM gold fix, and the Mt. Gox weighted average Bitcoin price. For comparison, the gold-silver ratio has been included.

At its peak, just over 53 bitcoins were required to buy 2 troy ounces of monetary precious metals, one gold and one silver. I combined gold and silver because the charts were nearly identical, only at different magnitudes.

Comparing the Bitcoin to monetary metal ratio to the gold-silver ratio makes it easy to see how much better Bitcoin has performed relative to silver. The latter seems to be lagging by a few months, probably because of its industrial use aspect being tied to economic activity versus its monetary purpose.

[silverbox]

The Silverox Update:

Bitcoin:  +20.37%

Gold:  -4%

Too bad you didn't invest that money you used to short GLD into going long on BTC

[miscreanity]

Too bad you didn't invest that money you used to short GLD into going long on BTC

Zing!

And wb tvbcof! Use that data wisely

Anyone ready for gold and silver to take rocket upward after Sunday?

[N12]

oh, that is just BEAUTIFUL!!!!!!!!!!!!!!!!!

Let’s see if you will recognize the Bitcoin top for a change.

[cypherdoc]

oh, that is just BEAUTIFUL!!!!!!!!!!!!!!!!!

Let’s see if you will recognize the Bitcoin top for a change.

ok, i'll meet you back here in 2020 

[silverbox]

Anyone ready for gold and silver to take rocket upward after Sunday?

*raises hand*

[cypherdoc]

The Silverox Update:

Bitcoin:  +21.4%

Gold:  -4%

[cypherdoc]

Gold down; Bitcoin UP.

[silverbox]

Coming Soon^TM:

Gold UP, BTC UP

[tvbcof]

Too bad you didn't invest that money you used to short GLD into going long on BTC

Zing!

And wb tvbcof! Use that data wisely

I was already on a trajectory to exceed my quota and had my service upgraded to 15G.  And I had not even started to do any serious porn downloads!  These fucking Windows and Android machines and bloated mail/apps services and the like really suck it down.  Of course I am also updating the source to re-build my primary BSD machine which I've not been really able to do on 9600 baud modem for 5 years now, and that's taking a chunk.  But for sure I'll be doing my movie downloads and porn surfing from my office in town!

Silverbox:  I think the new birds have flown just earlier this year.  The service is actually very usable, even doing remote terminal mode work (to my shock and amazement.)  It does drop out for 5 minutes or so multiple times per day which is, I assume, due to certain operations which cannot be done hot and brought on by a mass migration and sales to the new sats.  Will they oversell and hence the service degrade?  I'm expecting it but would be happy to be pleasantly surprised.  It will be interesting to see how Hughes responds.  I expect favorably to the delight of my neighbors with that service.

Anyone ready for gold and silver to take rocket upward after Sunday?

No.  I cannot make it to the big city with a load of cash in that amount of time   To tank up on the phyzzz of course

[miscreanity]

Anyone ready for gold and silver to take rocket upward after Sunday?

No.  I cannot make it to the big city with a load of cash in that amount of time   To tank up on the phyzzz of course

That's ok. Bitcoin is better

[silverbox]

I was already on a trajectory to exceed my quota and had my service upgraded to 15G.  And I had not even started to do any serious porn downloads!  These fucking Windows and Android machines and bloated mail/apps services and the like really suck it down.  Of course I am also updating the source to re-build my primary BSD machine which I've not been really able to do on 9600 baud modem for 5 years now, and that's taking a chunk.  But for sure I'll be doing my movie downloads and porn surfing from my office in town!

Silverbox:  I think the new birds have flown just earlier this year.  The service is actually very usable, even doing remote terminal mode work (to my shock and amazement.)  It does drop out for 5 minutes or so multiple times per day which is, I assume, due to certain operations which cannot be done hot and brought on by a mass migration and sales to the new sats.  Will they oversell and hence the service degrade?  I'm expecting it but would be happy to be pleasantly surprised.  It will be interesting to see how Hughes responds.  I expect favorably to the delight of my neighbors with that service.

Yeah those monthly limits have always turned me away from sat isp's,  plus the horrible ping times.  I live in the boonies, but there is a small telco in the area that upgraded to DSL a few years before I moved there, its suprisingly good service for how mom and pop it is.  Previously it was 28.8 in that area .  I just looked it up, looks like they put that excede sat up in Oct 11, not sure when they started rolling out the service, its very new for sure, and besides the growing pains of customer service and installer shortages, it seems to be going good so far, but I still hate monthly limits and 300ms ping times..

[ReginaldBuxley]

The Silverox Update:

Bitcoin:  +21.4%

Gold:  -4%

This is one of the most amazing things I have seen all day.
All. Day.

[tvbcof]

Anyone ready for gold and silver to take rocket upward after Sunday?

No.  I cannot make it to the big city with a load of cash in that amount of time   To tank up on the phyzzz of course

That's ok. Bitcoin is better

I've got as much BTC as I need and want.  I got pig-headed and pissed off and just kept buying down to the $2.00 level.  It was fairly easy for someone who started at the $16.00 since one would get a shocking amount of BTC at each purchase.  That's why my cost-basis is around $6.00 in spite of my unfortunate timing on getting started.

I was ready (and probably still am) ready to by another load of BTC if it gets below $2.00.  I think we'll probably never see that again (absent a system failure) but one never knows.  Certainly it seems much more likely than that PM's will crash.

[tvbcof]

Yeah those monthly limits have always turned me away from sat isp's,  plus the horrible ping times.  I live in the boonies, but there is a small telco in the area that upgraded to DSL a few years before I moved there, its suprisingly good service for how mom and pop it is.  Previously it was 28.8 in that area .  I just looked it up, looks like they put that excede sat up in Oct 11, not sure when they started rolling out the service, its very new for sure, and besides the growing pains of customer service and installer shortages, it seems to be going good so far, but I still hate monthly limits and 300ms ping times..

I'd give my left testicle for DSL.  Reliable DSL, at least, since I know other rural folks who have pretty poor luck with it...slower than ISDN and non-functional a healthy percentage of the 365 days.  I personally am way way to far from a CO which will support DSL for probably another decade.  Even my land-line barely works for voice and all the planets need to be in alignment in order to get 28k POTS modem speeds for more than a few hours.  We get about 2 trees/week (or drunk's and/or kid's cars and/or trucks) taking out whatever lines are not buried and at least one landslide/year getting those which are.  It takes it's toll on infrastructure.

The tweaker infestation has become bad around here for whatever reason.  Bad economy mostly I suspect.  I'm going to augment my 357 tweaker repellent with a 12ga pretty soon I think.  Thankfully I installed an alarm system some months ago and it scared a few off at 4:00am a month after I did so.  The upload speed of the satellite indicates that I can probably feasibly have a remote surveillance system which works and it would be fun to play around with.

[molecular]

Yeah those monthly limits have always turned me away from sat isp's,  plus the horrible ping times.  I live in the boonies, but there is a small telco in the area that upgraded to DSL a few years before I moved there, its suprisingly good service for how mom and pop it is.  Previously it was 28.8 in that area .  I just looked it up, looks like they put that excede sat up in Oct 11, not sure when they started rolling out the service, its very new for sure, and besides the growing pains of customer service and installer shortages, it seems to be going good so far, but I still hate monthly limits and 300ms ping times..

I'd give my left testicle for DSL.  Reliable DSL, at least, since I know other rural folks who have pretty poor luck with it...slower than ISDN and non-functional a healthy percentage of the 365 days.  I personally am way way to far from a CO which will support DSL for probably another decade.  Even my land-line barely works for voice and all the planets need to be in alignment in order to get 28k POTS modem speeds for more than a few hours.  We get about 2 trees/week (or drunk's and/or kid's cars and/or trucks) taking out whatever lines are not buried and at least one landslide/year getting those which are.  It takes it's toll on infrastructure.

The tweaker infestation has become bad around here for whatever reason.  Bad economy mostly I suspect.  I'm going to augment my 357 tweaker repellent with a 12ga pretty soon I think.  Thankfully I installed an alarm system some months ago and it scared a few off at 4:00am a month after I did so.  The upload speed of the satellite indicates that I can probably feasibly have a remote surveillance system which works and it would be fun to play around with.

sorry for this OT discussion, but tvbcof, how far are you from sufficient connectivity? You can easily build cheap wifi link. 10 kilometers without amplification are possible (for example with a yagi antenna).

I have a sat-link at my parents. The bandwidth is amazing (actually getting 10-20 mbit/s down when there's no snow on the dish), but hell, a 300ms latency kills all the fun, even for basic surfing tasks. tcp connections just take too long to get going. I've been thinking about using a persistent proxy connection to an outside server...

[YoYa]

“We’re getting requests from people literally saying, can we mail you euros [for bitcoins]? We can’t do that legally, but they keep asking.”

.... Smell's like marketing.

I'm not complaining, but hey, let call it what it is. I can see value for bitcoin in contexts other than protecting your assets within the Eurozone, and I'm not discounting bitcoin as a lesser hedge, but let's not get ahead of ourselves here.

yoya, all your posts cause cognitive dissonance with me. I know the guy in the photo is not you, but my brain is trying to associate the photo with what you write and that usually causes a conflict.

YoYa is the lil green guy?

didn't even think of that... I'll try that... thanks.

Lol, Rawdog is a gloried part of Bitcoin history, ragged on the bitcoin while he was a silver bug.....that didn't go too well for the poor fella.

But yeah, I'll be the brain slug if you want 

[cypherdoc]

Bitcoin: +12%

Gold: -4%

hey cypher, you've been complaining that people shouldn't take your prediction so damn short-termly... so if things turn around again mid-term, you'll look bad again and then you can't say "relax, this was a long-term outlook" that easily any more, because you will have been bragging on tiny fluctiations yourself with updates every second hour .

I, for myself, wont call this anytime before 2013.

by the freneticism of your posts throughout this forum and the "bragging" poke, i'll bet you've been left behind on this latest ramp.

the better initial response to your post is this:  I don't care.  why?  b/c i seriously don't think i have looked "bad" and if anything what's happening right now is that my thoughts are coming to fruition.

i agree that gold hasn't collapsed yet (it is down) but i'm still working on the collapse part.