Wall Observer - MtGoxUSD wall movement tracker

[rpietila]

My ideology is that banks do not need protection of any kind, it just leads to more and more moral hazard and keeps people in lull etc. BUT if something is needed, this is the reasonable maximum I would expect as a depositor and demand as a taxpayer.

At least no forced protection through taxation. Force imo is always immoral unless it is used to protect ones life or property. If someone wants to voluntarily insure his bank balance, be my guest.

It would not be difficult for banks to segregate current account funds, which would also be 100% protected because they are not part of the bank's trading capital. Many nonbank financials (stockbrokers etc) must by law not touch customer's funds at all, except for paying the trades that the customer initiated and their own fees. It would not be unreasonable to pay 0.5-1% for a privilege of having your cash segregated.

After all, I am charging 0.8% for my customers' silver and bitcoin per annum, just for the guarantee that they actually are there.

To reiterate my proposal, all the common people should use these 100% reserve current accounts, which would abolish any and all need for government guarantees. If you want risk, take it consciously. If not, keep your money in current account (or in phys. gold, silver and bitcoin).

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[1714170519]

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[laughingbear]

with all the talk about europe, cyprus, euro, etc.. why is gold down 8-10 bucks?
that really seems odd to me. almost like the market has decided cyprus does not matter.

You are making the mistake of thinking the price of paper gold is the same as physical.  When the markets crash, people sell their paper gold to cover their losses in the market, bringing the paper price of gold down.

[rpietila]

with all the talk about europe, cyprus, euro, etc.. why is gold down 8-10 bucks?
that really seems odd to me. almost like the market has decided cyprus does not matter.

You are making the mistake of thinking the price of paper gold is the same as physical.  When the markets crash, people sell their paper gold to cover their losses in the market, bringing the paper price of gold down.

Gold has the nasty habit of going into hiding. It is not available to be purchased when you need it. (Yeah except paper gold of course..)

Over the years I have learnt to trust in Tulving discount. It is the discount (in those golden years, nowadays commonly a premium) of 90% circulated silver over spot silver. If anyone interested, I can teach you how to interpret it. This was one of the most important things I learned when I was new to silver.

[fcmatt]

with all the talk about europe, cyprus, euro, etc.. why is gold down 8-10 bucks?
that really seems odd to me. almost like the market has decided cyprus does not matter.

You are making the mistake of thinking the price of paper gold is the same as physical.  When the markets crash, people sell their paper gold to cover their losses in the market, bringing the paper price of gold down.

Maybe I missed it. What market crash? Europe stock index, Euronext 100 for example, seems just fine. Dow/S&P look good.
I understand what you are saying about selling gold ETF to raise cash for another area but what area?

Anyway. I just wanted to point that out is all.

[laughingbear]

today looks ok, but the past few days were so/so.  Losses happen on individual stocks too.

[molecular]

with all the talk about europe, cyprus, euro, etc.. why is gold down 8-10 bucks?
that really seems odd to me. almost like the market has decided cyprus does not matter.

the gold market is being manipulated

[adamstgBit]

with all the talk about europe, cyprus, euro, etc.. why is gold down 8-10 bucks?
that really seems odd to me. almost like the market has decided cyprus does not matter.

the gold market is being manipulated

the world market is being manipulated too 

[qwk]

the world market is being manipulated too 

That's where worlds are sold, right?

[Piper67]

This thread went over the 800 pages resistance, so I'm bullish about the post count, we will get to 1000 pages at least.

Well fuck that! I'm not adding any more posts to this. Talk about overextended! I'm also deleting all my posts from this thread. Eat THIS, post-bulls!

We could crash this thread down to 400! lol
I won't let this shit go through page 900

Oh noes... thread bubble! There's the double top... and there's the MACMDMA!

[Ploo]

Bids at an all time high.

[humanitee]

:sexy pic:

Bids at an all time high.

I like the line at the 26th when Loaded stepped off his gold plated private jet. 

[byronbb]

with all the talk about europe, cyprus, euro, etc.. why is gold down 8-10 bucks?
that really seems odd to me. almost like the market has decided cyprus does not matter.

You are making the mistake of thinking the price of paper gold is the same as physical.  When the markets crash, people sell their paper gold to cover their losses in the market, bringing the paper price of gold down.

Gold has the nasty habit of going into hiding. It is not available to be purchased when you need it. (Yeah except paper gold of course..)

Over the years I have learnt to trust in Tulving discount. It is the discount (in those golden years, nowadays commonly a premium) of 90% circulated silver over spot silver. If anyone interested, I can teach you how to interpret it. This was one of the most important things I learned when I was new to silver.

Well I am all ears. Always wondered about things like this.

[rpietila]

Last week this 6-hour slot scored +6.7%. Now the same would be about $82.69  

1:28 to go...

I am so sorry to inform you that despite my expectations, and the good will of the people participating this thread, and the heroic efforts of the traders in MtG online exchange,

The six hour slot had a payout of only 0.645% plus the principal.

So, I must conclude that the rally is over. After all, at the measly quarterdaily rate, the daily increase is only 2.60%, the weekly is a mere 19.7%, which leads to barely a double (+116%) in a month.

If this is compounded over the remainder of this calendar year, one bitcoin will not be worth more than $ 92,807 in Dec 31st.

As we are obviously all doomed, we might as well SELL; SELL, SELL!!!!!11

[Richy_T]

If you voted, in reality you are an accomplice to this mess and only have yourself to blame if you get hurt.

Careful about pointing fingers. There's a valid argument that if you pay taxes, you are an accomplice to this mess.

[rpietila]

Bitstamp is still bullish - BTC300 bracket is at $77-$85, pointing to an expected future price of $81.

[deeplink]

If you voted, in reality you are an accomplice to this mess and only have yourself to blame if you get hurt.

Careful about pointing fingers. There's a valid argument that if you pay taxes, you are an accomplice to this mess.

Can you point me to that argument, because I never heard it. I see no moral problem whatsoever if someone does not pay taxes, only a practical problem. It is not really a choice because it means you'll end up in jail if you disobey or worse if you resist. That is the only reason I submit to the guns.

[Richy_T]

If you voted, in reality you are an accomplice to this mess and only have yourself to blame if you get hurt.

Careful about pointing fingers. There's a valid argument that if you pay taxes, you are an accomplice to this mess.

Can you point me to that argument, because I never heard it. I see no moral problem whatsoever if someone does not pay taxes, only a practical problem. It is not really a choice because it means you'll end up in jail if you disobey or worse if you resist. That is the only reason I submit to the guns.

I'm not sure where it comes from. There's definitely a kernel of truth to it. Sure, I understand the rationale of acquiescing to it, I do so myself but that doesn't mean I don't get a share of the blame.

I think the main thing is to stop blaming others for our woes and to look within. It's hard to do but worthwhile.

I'll see if I can find that argument somewhere...

Two thoughts to consider:

"A population gets the government it deserves"

"If not me, who? If not now, when?"

[molecular]

If this is compounded over the remainder of this calendar year, one bitcoin will not be worth more than $ 92,807 in Dec 31st.

Oh for fucks sake. That's it! I'm leaving... nothing moves in Bitcoin any more.

*goes look for other asset to swap his coins for*

Anyone want to sell some wall posts for bitcoin?

[molecular]

If you voted, in reality you are an accomplice to this mess and only have yourself to blame if you get hurt.

Careful about pointing fingers. There's a valid argument that if you pay taxes, you are an accomplice to this mess.

Can you point me to that argument, because I never heard it. I see no moral problem whatsoever if someone does not pay taxes, only a practical problem. It is not really a choice because it means you'll end up in jail if you disobey or worse if you resist. That is the only reason I submit to the guns.

Wasn't the suggestion that there might be a moral problem if someone does pay his taxes?

[Richy_T]

If this is compounded over the remainder of this calendar year, one bitcoin will not be worth more than $ 92,807 in Dec 31st.

Oh for fucks sake. That's it! I'm leaving... nothing moves in Bitcoin any more.

*goes look for other asset to swap his coins for*

Anyone want to sell some wall posts for bitcoin?