BlindMayorBitcorn (OP)
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November 11, 2014, 02:47:45 AM |
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Anyone care to throw around some educated guesses as to why? And when it will stop?
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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.
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cryptocoiner
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November 11, 2014, 02:53:25 AM |
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Anyone care to throw around some educated guesses as to why? And when it will stop?
Free market, dood... Cryptos are even more volatile.
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BlindMayorBitcorn (OP)
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November 11, 2014, 02:55:26 AM |
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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
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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.
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deepestfear
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November 11, 2014, 03:08:01 AM |
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Yeah, starting to think that if this continues, gold might just be worth buying again. Buy on dips.
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BCwinning
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November 11, 2014, 03:10:21 AM |
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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.
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The New World Order thanks you for your support of Bitcoin and encourages your continuing support so that they may track your expenditures easier.
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cryptocoiner
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November 11, 2014, 05:35:59 AM |
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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?
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Realpra
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November 11, 2014, 06:18:38 AM |
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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.
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hua_hui
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November 11, 2014, 08:28:44 AM |
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Guys. If you like to read financial news, you will know the reason is that the USA is quitting QE and dollar strengthen.
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Bernard Lerring
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November 11, 2014, 08:43:07 AM |
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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?
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Lethn
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November 11, 2014, 10:47:53 AM |
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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](https://bitcointalk.org/Smileys/default/tongue.gif) 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. 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.
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shawshankinmate37927
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November 11, 2014, 10:51:49 AM |
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"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
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BlindMayorBitcorn (OP)
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November 11, 2014, 12:58:09 PM |
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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.
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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.
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AtheistAKASaneBrain
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November 11, 2014, 01:00:25 PM |
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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.
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jcoin200
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November 11, 2014, 01:57:43 PM |
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Wow seems like people are realizing what a bargain these prices are right now. Good time to convert some btc to silver!
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LiteCoinGuy
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In Satoshi I Trust
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November 11, 2014, 03:43:36 PM |
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Yeah, starting to think that if this continues, gold might just be worth buying again. Buy on dips.
that would be clever ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif)
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notme
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November 11, 2014, 07:23:29 PM |
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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.
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BlindMayorBitcorn (OP)
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November 12, 2014, 01:25:16 AM |
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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
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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.
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ScreamnShout
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November 12, 2014, 04:42:01 AM |
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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
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Fabrizio89
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November 12, 2014, 06:47:09 AM |
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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](https://bitcointalk.org/Smileys/default/smiley.gif)
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Swordsoffreedom
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Leading Crypto Sports Betting & Casino Platform
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November 12, 2014, 08:41:49 AM |
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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.
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