Author

Topic: Gold collapsing. Bitcoin UP. - page 1175. (Read 2032266 times)

sr. member
Activity: 533
Merit: 251
February 06, 2014, 12:24:34 AM
Gold does not have its original value anymore. Banks are allowed to write out gold accounts as long as they hold just 10% of the total write in amount.

A lot of gold sold in the market now is not real but inflated crap so it does not have its original value anymore.

It is still a valid investment though.
sr. member
Activity: 336
Merit: 250
February 06, 2014, 12:09:46 AM
...
The US indices are just past all time highs and P/E ratios are through the roof.  ...

I keep hearing people say that, but it's just not true:
http://www.multpl.com/

It's slightly high at 18.65, versus the 140yr mean of 15.51, but it's certainly a lot lower than the typical peaks of long bull cycles:
http://www.advisorperspectives.com/dshort/updates/PE-Ratios-and-Market-Valuation.php

That's not to say earnings figures are necessarily pure, given the unprecedented QE, bailouts, "stimulus", etc... That stuff has never been done to this degree before, so it may be valid to consider the E inflated...

The earnings are inflation-adjusted, right? And real inflation is about 8% higher than the official one (see Shadowstats, for example). So there we go.

They are just faking everything, from GDP to inflation to price of gold to stock market. Nothing is real anymore.
legendary
Activity: 1722
Merit: 1004
February 05, 2014, 10:37:14 PM
...
The US indices are just past all time highs and P/E ratios are through the roof.  ...

I keep hearing people say that, but it's just not true:
http://www.multpl.com/

It's slightly high at 18.65, versus the 140yr mean of 15.51, but it's certainly a lot lower than the typical peaks of long bull cycles:
http://www.advisorperspectives.com/dshort/updates/PE-Ratios-and-Market-Valuation.php

That's not to say earnings figures are necessarily pure, given the unprecedented QE, bailouts, "stimulus", etc... That stuff has never been done to this degree before, so it may be valid to consider the E inflated...
legendary
Activity: 1904
Merit: 1002
February 05, 2014, 09:16:26 PM
I'm starting to think Yellen will continue with the taper; I don't think the Fed will make such a public u-turn. It might continue through some other means which is not as obvious. But I think for now, the plan is to continue with the taper to destabilize emerging markets and force capital into US equities and bonds which are 'safe' in comparison. If they manage to pull that off, they can keep the stock market, real estate and other assets inflated and taper at the same time.

Thoughts?

Maybe.  But are they "safe enough"?  Obviously some will make the trade, but others might just go to cash and take their time with reinvestment.

Well seeing as the destabilization is coming in the form of currency crises, they will move out of their local currencies and into the US Dollar.

Once they've done that, they could take their time with reinvestment, but they'll almost certainly go into US investments.

I think the Fed will make US markets attractive by making emerging markets look bad in comparison.

I wish them luck with that.  The US indices are just past all time highs and P/E ratios are through the roof.  It certainly doesn't look attractive to me.

Startups and VC might be a viable outlet.
sr. member
Activity: 378
Merit: 250
Super Smash Bros. Ultimate Available Now!
February 05, 2014, 07:19:17 PM
I'm starting to think Yellen will continue with the taper; I don't think the Fed will make such a public u-turn. It might continue through some other means which is not as obvious. But I think for now, the plan is to continue with the taper to destabilize emerging markets and force capital into US equities and bonds which are 'safe' in comparison. If they manage to pull that off, they can keep the stock market, real estate and other assets inflated and taper at the same time.

Thoughts?

Maybe.  But are they "safe enough"?  Obviously some will make the trade, but others might just go to cash and take their time with reinvestment.

Well seeing as the destabilization is coming in the form of currency crises, they will move out of their local currencies and into the US Dollar.

Once they've done that, they could take their time with reinvestment, but they'll almost certainly go into US investments.

I think the Fed will make US markets attractive by making emerging markets look bad in comparison.
legendary
Activity: 1904
Merit: 1002
February 05, 2014, 06:46:59 PM
I'm starting to think Yellen will continue with the taper; I don't think the Fed will make such a public u-turn. It might continue through some other means which is not as obvious. But I think for now, the plan is to continue with the taper to destabilize emerging markets and force capital into US equities and bonds which are 'safe' in comparison. If they manage to pull that off, they can keep the stock market, real estate and other assets inflated and taper at the same time.

Thoughts?

Maybe.  But are they "safe enough"?  Obviously some will make the trade, but others might just go to cash and take their time with reinvestment.
sr. member
Activity: 378
Merit: 250
Super Smash Bros. Ultimate Available Now!
February 05, 2014, 06:36:06 PM
I'm starting to think Yellen will continue with the taper; I don't think the Fed will make such a public u-turn. It might continue through some other means which is not as obvious. But I think for now, the plan is to continue with the taper to destabilize emerging markets and force capital into US equities and bonds which are 'safe' in comparison. If they manage to pull that off, they can keep the stock market, real estate and other assets inflated and taper at the same time.

Thoughts?
legendary
Activity: 1764
Merit: 1002
February 05, 2014, 04:43:54 PM
legendary
Activity: 1204
Merit: 1002
Gresham's Lawyer
February 05, 2014, 02:08:01 PM

" Billionaire Mark Cuban has a currency trade idea for 2014 -Long Bitcoin and Short Gold."
 molecular has held the idea consistently since 2011 (although he did short XBT and buy alpaca sock - and has refused to sell)
I'm sure molecular will hold in 2014 too.

My alpacas are prolific, more baby cria all the time.  If anyone wants some alpacas, I do take bitcoin  Smiley
donator
Activity: 2772
Merit: 1019
February 05, 2014, 03:30:29 AM

" Billionaire Mark Cuban has a currency trade idea for 2014 -Long Bitcoin and Short Gold."
 molecular has held the idea consistently since 2011 (although he did short XBT and buy alpaca sock - and has refused to sell)
I'm sure molecular will hold in 2014 too.

Lol. I'm not selling gold. This may be a good idea for people who are mostly in gold and less (or not ata all) in BTC, which is not the case for me. My portfolio is still very BTC-heavy.

I did buy gold and silver in 2011 (after having acquired my first coins). Basically put all my fiat (I was almost broke to begin with) into Bitcoin and metal. I woke up at that time to the fiat scam and all that crap. Unfortunately I put way more into gold and silver than into BTC. I'm not complaining, though. It was the correct decision at the time for me.

I still think all these will be up in 2014.
legendary
Activity: 1722
Merit: 1004
legendary
Activity: 1834
Merit: 1019
February 04, 2014, 05:06:20 PM

" Billionaire Mark Cuban has a currency trade idea for 2014 -Long Bitcoin and Short Gold."
 molecular has held the idea consistently since 2011 (although he did short XBT and buy alpaca sock - and has refused to sell)
I'm sure molecular will hold in 2014 too.

hoo-hoo-hoo-hoosiers Smiley
legendary
Activity: 1372
Merit: 1000
February 04, 2014, 03:53:19 PM

" Billionaire Mark Cuban has a currency trade idea for 2014 -Long Bitcoin and Short Gold."
 molecular has held the idea consistently since 2011 (although he did short XBT and buy alpaca sock - and has refused to sell)
I'm sure molecular will hold in 2014 too.
sr. member
Activity: 378
Merit: 250
Super Smash Bros. Ultimate Available Now!
donator
Activity: 2772
Merit: 1019
sr. member
Activity: 378
Merit: 250
Super Smash Bros. Ultimate Available Now!
legendary
Activity: 1162
Merit: 1007
February 04, 2014, 02:22:51 PM
...The other issue is that the global elite don't really care about us one way or the other.  They do what's in their own perceived best interests, and if Bitcoin becomes the best of their available options, they'll take it.
Exactly.  

The power brokers of the world do not behave like your jealous friend from high-school.  If bitcoin will help them, then they will use it--if it makes you wealthy in the process, so be it.

I would generally agree, but I dont believe for a second that the big bankers are an elite race. They can make mis-judgements, bad assumptions, and they do.


Nor do most people.  In fact, one could argue that "elite" has become a pejorative to described the wealthy, powerful, and privileged class.  

Quote
The wealthiest are not so because they are smart, they are wealthy because they are bastards.

I think this statement is false: there are bastards in all walks of life.

It's my belief that the majority of humans simply want to pursue happiness and their enlightened self-interest, in a peaceful manner.  Most evil comes from a broken "system," rather than from people themselves.
  
Jump to: