Gold UP Bitcoin UP
big banks failing, government bail out, hyperinflation, riots, extremists taking power, wars are sadly around the corner
Topic: Gold collapsing. Bitcoin UP. - page 1118. (Read 2032266 times)
on very good authority a major swiss bank is now refusing customer withdrawals of physical bullion and insisting on cash (fiat) settlement only ... this is a pattern that has become more and more widespread but Swiss banks out of gold? really? yes really.
Can you elaborate on the source?
That's huge. They were one of the last to have decent gold reserves in Europe...
Now they make you withdraw cash? There goes Switzerland as world banker.
Bitcoin is really becoming necessary.
otoh, it's seems Switzerland is opening back up to ATM's and exchanges:
http://www.coindesk.com/swiss-regulators-give-green-light-bitcoin-atm-network/
http://www.bilan.ch/argent-finances-plus-de-redaction/negoce-bitcoin-devient-realite-suisse
equally huge.
on very good authority a major swiss bank is now refusing customer withdrawals of physical bullion and insisting on cash (fiat) settlement only ... this is a pattern that has become more and more widespread but Swiss banks out of gold? really? yes really.
Can you elaborate on the source?
That's huge. They were one of the last to have decent gold reserves in Europe...
Now they make you withdraw cash? There goes Switzerland as world banker.
Bitcoin is really becoming necessary.
Cheers. I'll gibe the thread a read.
http://www.telegraph.co.uk/news/worldnews/middleeast/saudiarabia/10911281/Iraq-crisis-Britain-and-US-must-not-meddle-in-Iraq-warns-Saudi-Arabia.html
A failure in our relationship with S.A, Qatar, and Kuwait could see a flood of $'s and mad dash to gold. U.S already fucked up on Russia....S.A will be the straw so to speak.
$ collapsing, Gold and bitcoin up a hell of a lot
USD, UST's, stocks all down, with gold up. hmmmm....
only one day so no big deal. will have to see if this unusual correlation persists.
My eyes are on this.only one day so no big deal. will have to see if this unusual correlation persists.
http://www.telegraph.co.uk/news/worldnews/middleeast/saudiarabia/10911281/Iraq-crisis-Britain-and-US-must-not-meddle-in-Iraq-warns-Saudi-Arabia.html
A failure in our relationship with S.A, Qatar, and Kuwait could see a flood of $'s and mad dash to gold. U.S already fucked up on Russia....S.A will be the straw so to speak.
$ collapsing, Gold and bitcoin up a hell of a lot
I posted this in the Death of Money review thread. I think it is also relevant here as Rickards is a known gold bug
http://www.darientimes.com/32801/rickards-connecting-dots-in-the-global-mosaic/
tldr:
- US turning to Shi'ite supporting Iran to repel Saudi backed Sunni ISIS = Saudi notices less need for petrodollar, direct trade with China.
- Russia sits back in Ukraine, doing shit when attention shifts.
- Turkey may be drawn in to regional conflict due to Kurdish Nth Iraq, Jordan shelters ISIS and has US bases.
- Gold up, oil up.
I would add Bitcoin up.
This could effectively be "it" for the USD by the time the mess is sorted. Nobody needs the U.S anymore
http://www.gold-eagle.com/article/syria-pipeline-politics-opec-usdollar
Cheers. I'll gibe the thread a read.
http://www.telegraph.co.uk/news/worldnews/middleeast/saudiarabia/10911281/Iraq-crisis-Britain-and-US-must-not-meddle-in-Iraq-warns-Saudi-Arabia.html
A failure in our relationship with S.A, Qatar, and Kuwait could see a flood of $'s and mad dash to gold. U.S already fucked up on Russia....S.A will be the straw so to speak.
$ collapsing, Gold and bitcoin up a hell of a lot
USD, UST's, stocks all down, with gold up. hmmmm....
only one day so no big deal. will have to see if this unusual correlation persists.
My eyes are on this.only one day so no big deal. will have to see if this unusual correlation persists.
http://www.telegraph.co.uk/news/worldnews/middleeast/saudiarabia/10911281/Iraq-crisis-Britain-and-US-must-not-meddle-in-Iraq-warns-Saudi-Arabia.html
A failure in our relationship with S.A, Qatar, and Kuwait could see a flood of $'s and mad dash to gold. U.S already fucked up on Russia....S.A will be the straw so to speak.
$ collapsing, Gold and bitcoin up a hell of a lot
I posted this in the Death of Money review thread. I think it is also relevant here as Rickards is a known gold bug
http://www.darientimes.com/32801/rickards-connecting-dots-in-the-global-mosaic/
tldr:
- US turning to Shi'ite supporting Iran to repel Saudi backed Sunni ISIS = Saudi notices less need for petrodollar, direct trade with China.
- Russia sits back in Ukraine, doing shit when attention shifts.
- Turkey may be drawn in to regional conflict due to Kurdish Nth Iraq, Jordan shelters ISIS and has US bases.
- Gold up, oil up.
I would add Bitcoin up.
on very good authority a major swiss bank is now refusing customer withdrawals of physical bullion and insisting on cash (fiat) settlement only ... this is a pattern that has become more and more widespread but Swiss banks out of gold? really? yes really.
Gold owners are getting Goxxed?Hopefully, for their sake, it wasn't allocated gold. If it was..this may lead to a rush for physical
I love paper PM suckers. They've been the gift that keeps on giving for those of us who like the phyz...and have been accumulating. If/when the music stops they'll also be a big factor in causing the phyz to exceed it's reasonable steady-state value. I've always expected to try to draw down if/when we hit that point. Just like Jim 'Mr. Gold' Sinclair did back in the 80's.
This multi-year trough in gold prices has exceeded my expectations in terms of duration by some margin. All it means (hopefully) is that that much more stress has built up and the relief will be that much more impressive.
But I still think that there is a very real possibility that no matter what happens with PM's it will be pretty ho-hum compared to what we see in Bitcoin if/when it finally goes. I'll be very happy with either of these eventualities.
The sentiment on Gold among the financial world is very low, the Gold market is manipulated to a lower price than what it should be
China&bricks are buying and Gold bugs buying physical gold are not going to sell for a 20% raise, they are going to keep their Gold and maybe sold a fraction of it when the price had been multi plicated many folds
on very good authority a major swiss bank is now refusing customer withdrawals of physical bullion and insisting on cash (fiat) settlement only ... this is a pattern that has become more and more widespread but Swiss banks out of gold? really? yes really.
Gold owners are getting Goxxed?Hopefully, for their sake, it wasn't allocated gold. If it was..this may lead to a rush for physical
I love paper PM suckers. They've been the gift that keeps on giving for those of us who like the phyz...and have been accumulating. If/when the music stops they'll also be a big factor in causing the phyz to exceed it's reasonable steady-state value. I've always expected to try to draw down if/when we hit that point. Just like Jim 'Mr. Gold' Sinclair did back in the 80's.
This multi-year trough in gold prices has exceeded my expectations in terms of duration by some margin. All it means (hopefully) is that that much more stress has built up and the relief will be that much more impressive.
But I still think that there is a very real possibility that no matter what happens with PM's it will be pretty ho-hum compared to what we see in Bitcoin if/when it finally goes. I'll be very happy with either of these eventualities.
on very good authority a major swiss bank is now refusing customer withdrawals of physical bullion and insisting on cash (fiat) settlement only ... this is a pattern that has become more and more widespread but Swiss banks out of gold? really? yes really.
Can you elaborate on the source?
Here we go PM collapsing again everything is alright with the world.
on very good authority a major swiss bank is now refusing customer withdrawals of physical bullion and insisting on cash (fiat) settlement only ... this is a pattern that has become more and more widespread but Swiss banks out of gold? really? yes really.
Gold owners are getting Goxxed?Hopefully, for their sake, it wasn't allocated gold. If it was..this may lead to a rush for physical
on very good authority a major swiss bank is now refusing customer withdrawals of physical bullion and insisting on cash (fiat) settlement only ... this is a pattern that has become more and more widespread but Swiss banks out of gold? really? yes really.
Gold owners are getting Goxxed? 
gold could easily explode at any time ... no i mean really explode.
the parlous situation in the gold markets and gold banking world is untenable, there is very little physical gold to be had anywhere.
on very good authority a major swiss bank is now refusing customer withdrawals of physical bullion and insisting on cash (fiat) settlement only ... this is a pattern that has become more and more widespread but Swiss banks out of gold? really? yes really.
the parlous situation in the gold markets and gold banking world is untenable, there is very little physical gold to be had anywhere.
on very good authority a major swiss bank is now refusing customer withdrawals of physical bullion and insisting on cash (fiat) settlement only ... this is a pattern that has become more and more widespread but Swiss banks out of gold? really? yes really.
silver has made a new high again
20$ silver Never again!
Cheers. I'll gibe the thread a read.
http://www.telegraph.co.uk/news/worldnews/middleeast/saudiarabia/10911281/Iraq-crisis-Britain-and-US-must-not-meddle-in-Iraq-warns-Saudi-Arabia.html
A failure in our relationship with S.A, Qatar, and Kuwait could see a flood of $'s and mad dash to gold. U.S already fucked up on Russia....S.A will be the straw so to speak.
$ collapsing, Gold and bitcoin up a hell of a lot
USD, UST's, stocks all down, with gold up. hmmmm....
only one day so no big deal. will have to see if this unusual correlation persists.
My eyes are on this.only one day so no big deal. will have to see if this unusual correlation persists.
http://www.telegraph.co.uk/news/worldnews/middleeast/saudiarabia/10911281/Iraq-crisis-Britain-and-US-must-not-meddle-in-Iraq-warns-Saudi-Arabia.html
A failure in our relationship with S.A, Qatar, and Kuwait could see a flood of $'s and mad dash to gold. U.S already fucked up on Russia....S.A will be the straw so to speak.
$ collapsing, Gold and bitcoin up a hell of a lot
USD, UST's, stocks all down, with gold up. hmmmm....
only one day so no big deal. will have to see if this unusual correlation persists.
only one day so no big deal. will have to see if this unusual correlation persists.
There will be massive pressure to get the price of gold and silver back below $1300 and $20 before the markets close. I hope they're not successful.
USD, UST's, stocks all down, with gold up. hmmmm....
only one day so no big deal. will have to see if this unusual correlation persists.
only one day so no big deal. will have to see if this unusual correlation persists.
legging in slowly...
Monster move in gold.
Curious, cypher. Are you familiar with FOFOA and his Freegold theory?
Thoughts?
yes.
miscreanity and i have debated his work ad nauseum 2-3 yrs ago in the precursor to this thread:
Gold: I Smell a Trap
Bitcoin stable. Gold UP 
Morgan Stanley two months ago: 'gold price won't see $1,300 again' lulz.
Morgan Stanley two months ago: 'gold price won't see $1,300 again' lulz.
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