Bitcoin Forum
July 16, 2019, 11:33:13 PM *
News: Latest Bitcoin Core release: 0.18.0 [Torrent] (New!)
 
   Home   Help Search Login Register More  
Pages: [1] 2 »  All
  Print  
Author Topic: Metals are getting absolutely monkey hammered  (Read 3081 times)
BlindMayorBitcorn
Legendary
*
Offline Offline

Activity: 1204
Merit: 1072



View Profile
November 11, 2014, 02:47:45 AM
 #1

Anyone care to throw around some educated guesses as to why? And when it will stop?

Forgive my petulance and oft-times, I fear, ill-founded criticisms, and forgive me that I have, by this time, made your eyes and head ache with my long letter. But I cannot forgo hastily the pleasure and pride of thus conversing with you.
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
cryptocoiner
Hero Member
*****
Offline Offline

Activity: 602
Merit: 500


hyperboria - next internet


View Profile WWW
November 11, 2014, 02:53:25 AM
 #2

Anyone care to throw around some educated guesses as to why? And when it will stop?

Free market, dood... Cryptos are even more volatile.

BlindMayorBitcorn
Legendary
*
Offline Offline

Activity: 1204
Merit: 1072



View Profile
November 11, 2014, 02:55:26 AM
 #3

Anyone care to throw around some educated guesses as to why? And when it will stop?

Free market, dood... Cryptos are even more volatile.

I'm waiting for despair. I think I'll recognize it now... I want cheap gold:D

Forgive my petulance and oft-times, I fear, ill-founded criticisms, and forgive me that I have, by this time, made your eyes and head ache with my long letter. But I cannot forgo hastily the pleasure and pride of thus conversing with you.
deepestfear
Sr. Member
****
Offline Offline

Activity: 292
Merit: 250


View Profile
November 11, 2014, 03:08:01 AM
 #4

Yeah, starting to think that if this continues, gold might just be worth buying again. Buy on dips.

BCwinning
Hero Member
*****
Offline Offline

Activity: 728
Merit: 500


View Profile
November 11, 2014, 03:10:21 AM
 #5

I haven't followed it much but there was talk of collusion between metal warehousing and brokerage houses.
Since they are getting scrutiny, the market is opening up and the price is dropping.
Just an uneducated guess.

https://www.rixty.com?ref=1337507 sign up for rixty
privacy, it does the body good.
Official Bitcoin Foundation Secretariat
The New World Order thanks you for your support of Bitcoin and encourages your continuing support so that they may track your expenditures easier.
cryptocoiner
Hero Member
*****
Offline Offline

Activity: 602
Merit: 500


hyperboria - next internet


View Profile WWW
November 11, 2014, 05:35:59 AM
 #6

Anyone care to throw around some educated guesses as to why? And when it will stop?

Free market, dood... Cryptos are even more volatile.

I'm waiting for despair. I think I'll recognize it now... I want cheap gold:D

Are you buying real metal you can put your hand on or just financial commodity on a stock market?

Realpra
Hero Member
*****
Offline Offline

Activity: 819
Merit: 1000


View Profile
November 11, 2014, 06:18:38 AM
 #7

I haven't followed it much but there was talk of collusion between metal warehousing and brokerage houses.
Since they are getting scrutiny, the market is opening up and the price is dropping.
Just an uneducated guess.
The funny thing is that a lot of the "gold" people are investing in doesn't exist, its just paper, so actually prices should go UP as investors realize there is less of it.

However it goes DOWN because the "gold" price is set by the paper instruments - which are now loosing trust.

The real gold you ask? No one cares; because of the digital age and tungsten fillings gold has become cumbersome and difficult to use. EVEN if the world ended you would probably be better off trading cigarettes than gold/silver.

I used to like gold and silver coins, but every time I analyze it rationally it does not make much sense.

Cheap and sexy Bitcoin card/hardware wallet, buy here:
http://BlochsTech.com
hua_hui
Legendary
*
Offline Offline

Activity: 1386
Merit: 1016


🤖UBEX.COM 🤖


View Profile
November 11, 2014, 08:28:44 AM
 #8

Guys. If you like to read financial news, you will know the reason is that the USA is quitting QE and dollar strengthen.


.GLOBAL DECENTRALIZED ADVERTISING EXCHANGE.

Token sale: MAY 21

                                  ▄█▄      ▄█▄        
                                 █████    █████       
                        ▄██▄     ▀█▀      ▀█▀        
                ▄█▄    ▀██▀                           
         ▄     ▀█▀                        ▄█▄        
        ▀█▀                      ▄█▄     █████       
                        ▄██▄    █████     ▀█▀        
   ██          ▄█▄    ▀██▀     ▀█▀                  
         ▄     ▀█▀                        ▄█▄        
        ▀█▀                      ▄█▄     █████       
                        ▄██▄    █████     ▀█▀        
   ██          ▄█▄    ▀██▀     ▀█▀                  
                ▀█▀                                    
          ▄                      ▄█▄      ▄█▄        
         ▀█▀           ▄██▄    █████    █████       
   ██          ▄█▄    ▀██▀     ▀█▀      ▀█▀        
                ▀█▀                                    
           ▄                      ▄█▄     ▄█▄        
          ▀█▀            ▄██▄   █████   █████       
    ██            ▄█▄   ▀██▀    ▀█▀     ▀█▀        
             ▄    ▀█▀                                 
            ▀█▀                         ▄█▄           
       ██              ▄█▄   ▄██▄    █████          
                  ▄    ▀█▀   ▀██▀     ▀█▀           
                 ▀█▀                                   
            ██                   ▄██▄                 
                    ▄     ▄█▄   ▀██▀                 
                   ▀█▀    ▀█▀                          

▄█   ▄█  ▄█        ▄█████▄   ▀█▄     ▄█▀
██   ██  ██▄▄▄▄▄   ██▀   ▀██    ▀█▄  ▄█▀
██   ██  ██▀▀▀▀██  ██▀▀▀▀▀▀▀      ████   
██   ██  ██   ██  ██▄   ▄█    ▄██▀▀██▄  
▀██████▀  ▀██████▀  ▀███████▀   ▄██▀   ▀██▄
Telegram
Facebook
ANN Thread
Youtube
LinkedIn
Twitter
Medium
Reddit
Github
Bernard Lerring
Sr. Member
****
Offline Offline

Activity: 294
Merit: 250



View Profile
November 11, 2014, 08:43:07 AM
 #9

What do you lot mean when you're on about buying gold/silver?

Are you investing in stocks, buying solid gold jewellery or can you buy small officially stamped blocks of the stuff to keep in a safe?

Which is best?

Lethn
Legendary
*
Offline Offline

Activity: 1540
Merit: 1000



View Profile WWW
November 11, 2014, 10:47:53 AM
 #10

Profit taking before the big collapse, people are probably going to start re-buying like crazy when the fed chairman blinks and doesn't do as much money printing Tongue There was also a segment by Peter Schiff where he actually reckoned guys like Goldman Sachs were trying to short Gold to get the price to drop.

Quote
Guys. If you like to read financial news, you will know the reason is that the USA is quitting QE and dollar strengthen.

They haven't stopped it, they've just lessened it and carried it on over a longer period of time just like the last time they 'stopped' it the American economy is only alive because of money printing, I am so going to get rich of this crash, I won't miss the opportunity like in 2008.
shawshankinmate37927
Hero Member
*****
Offline Offline

Activity: 854
Merit: 1000


Bitcoin: The People's Bailout


View Profile
November 11, 2014, 10:51:49 AM
 #11

Great time to buy if you can get your hands on the actual metal and not a derivative.

http://www.metal.com/newscontent/66605_sold-out-us-mint’s-american-eagle-silver-coin-supply-depleted

"It is well enough that people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning."   - Henry Ford
BlindMayorBitcorn
Legendary
*
Offline Offline

Activity: 1204
Merit: 1072



View Profile
November 11, 2014, 12:58:09 PM
 #12

I haven't followed it much but there was talk of collusion between metal warehousing and brokerage houses.
Since they are getting scrutiny, the market is opening up and the price is dropping.
Just an uneducated guess.
The funny thing is that a lot of the "gold" people are investing in doesn't exist, its just paper, so actually prices should go UP as investors realize there is less of it.

However it goes DOWN because the "gold" price is set by the paper instruments - which are now loosing trust.

The real gold you ask? No one cares; because of the digital age and tungsten fillings gold has become cumbersome and difficult to use. EVEN if the world ended you would probably be better off trading cigarettes than gold/silver.

I used to like gold and silver coins, but every time I analyze it rationally it does not make much sense.

Good points.

Forgive my petulance and oft-times, I fear, ill-founded criticisms, and forgive me that I have, by this time, made your eyes and head ache with my long letter. But I cannot forgo hastily the pleasure and pride of thus conversing with you.
AtheistAKASaneBrain
Hero Member
*****
Offline Offline

Activity: 770
Merit: 505


View Profile
November 11, 2014, 01:00:25 PM
 #13

Great time to buy if you can get your hands on the actual metal and not a derivative.

http://www.metal.com/newscontent/66605_sold-out-us-mint’s-american-eagle-silver-coin-supply-depleted
Nothing more solid than actual metals. You cant trust gf, you cant trust your family, you cant even trust Bitcoin as much as you can trust your metals.
jcoin200
Hero Member
*****
Offline Offline

Activity: 504
Merit: 500


View Profile
November 11, 2014, 01:57:43 PM
 #14

Great time to buy if you can get your hands on the actual metal and not a derivative.

http://www.metal.com/newscontent/66605_sold-out-us-mint’s-american-eagle-silver-coin-supply-depleted

Wow seems like people are realizing what a bargain these prices are right now.  Good time to convert some btc to silver!
LiteCoinGuy
Legendary
*
Offline Offline

Activity: 1148
Merit: 1001


In Satoshi I Trust


View Profile WWW
November 11, 2014, 03:43:36 PM
 #15

Yeah, starting to think that if this continues, gold might just be worth buying again. Buy on dips.

that would be clever  Smiley

notme
Legendary
*
Offline Offline

Activity: 1904
Merit: 1001


View Profile
November 11, 2014, 07:23:29 PM
 #16

Great time to buy if you can get your hands on the actual metal and not a derivative.

http://www.metal.com/newscontent/66605_sold-out-us-mint’s-american-eagle-silver-coin-supply-depleted
Nothing more solid than actual metals. You cant trust gf, you cant trust your family, you cant even trust Bitcoin as much as you can trust your metals.

Yes, put all your faith in metal.  Hold it above your family and those closest to you.  Only the love of money will save us from evil.

https://www.bitcoin.org/bitcoin.pdf
While no idea is perfect, some ideas are useful.
12jh3odyAAaR2XedPKZNCR4X4sebuotQzN
BlindMayorBitcorn
Legendary
*
Offline Offline

Activity: 1204
Merit: 1072



View Profile
November 12, 2014, 01:25:16 AM
 #17

Great time to buy if you can get your hands on the actual metal and not a derivative.

http://www.metal.com/newscontent/66605_sold-out-us-mint’s-american-eagle-silver-coin-supply-depleted
Nothing more solid than actual metals. You cant trust gf, you cant trust your family, you cant even trust Bitcoin as much as you can trust your metals.

Yes, put all your faith in metal.  Hold it above your family and those closest to you.  Only the love of money will save us from evil.

I guess I wouldn't be so bold as to suggest spending bitcoins on it. Or holding it above those closest to you. But it couldn't hurt to divest from petrodollars into some phyzz?

Just my sort of growing opinion

Forgive my petulance and oft-times, I fear, ill-founded criticisms, and forgive me that I have, by this time, made your eyes and head ache with my long letter. But I cannot forgo hastily the pleasure and pride of thus conversing with you.
ScreamnShout
Full Member
***
Offline Offline

Activity: 206
Merit: 100


View Profile
November 12, 2014, 04:42:01 AM
 #18

Great time to buy if you can get your hands on the actual metal and not a derivative.

http://www.metal.com/newscontent/66605_sold-out-us-mint’s-american-eagle-silver-coin-supply-depleted
I would disagree. If you own the physical metal then you will need to pay for the cost of shipping the metal to you and pay for the cost of keeping it secure (especially if you own large amounts). If you own a futures contract for a metal then you do not have these expenses, plus a futures contract generally means that you would take delivery of the metal at some point in the future at a certain location 
Fabrizio89
Hero Member
*****
Offline Offline

Activity: 925
Merit: 1000


View Profile
November 12, 2014, 06:47:09 AM
 #19

Well it's been some years since I thought gold was about to tank, at least to a historical support line. This was not only because of banks manipulating the price but also because of dollar politics being changed and obviously big players knew about this in advance. Another thing to consider is that we will start mining asteroids in the next decade, so what we today know as "precious" metals, won't be precious anymore, and we could discover great new materials opening the doors for completely new things where gold and friends may be useless. I wouldn't bet on metals for making a profit, but they could still save your ass from inflation, at least for the next 5-7 years, after that who knows. Smiley
Swordsoffreedom
Hero Member
*****
Offline Offline

Activity: 1008
Merit: 1000


★YoBit.Net★ 1400+ Coins Exchange


View Profile
November 12, 2014, 08:41:49 AM
 #20

Anyone care to throw around some educated guesses as to why? And when it will stop?

Planned decreases in investment from China as they start their beautiful deleveraging
It will stop once China is done deleveraging their currency and becomes interested in commodities again
Or if someone else feels like building up the economy significantly.

Pages: [1] 2 »  All
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!