Gold collapsing. Bitcoin UP. - page 1182.

Melbustus

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Quote from: ?? on ??

...
Some people in this thread think gold is on its way to 0 and its dead.
...

Not zero... I'd say, though, that it'll eventually lose *most* of it's monetary-use premium. That's a bit tough to tease out; the other main domains for gold are industrial use and jewelry. Industrial use accounts for what, about $300/oz? And then the demand for jewelry is all convoluted with its historical moneyness, so I don't know how to treat that (though I'm aware that about 50% of above-ground gold is estimated to be jewelry). So maybe the floor once gold is finally (and correctly) no longer seen as a monetary instrument/asset is somewhere in the $300-$600 range.

But this could take another generation or two. The *oldest* of us that have grown up surrounded by digital (and therefore have some innate comfort with it that many older people do not) are only in our early 30s. It's going to be a while before we get all the money and allocate it. In the meantime, those that control most of the wealth flows could very well drive up the price of gold significantly. I personally find trading the short/medium-term to be extremely frustrating, though.

billyjoeallen

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Hide your women

Quote from: Adrian-x on January 26, 2014, 11:58:41 PM

Quote from: ?? on ??

To move this thread in a more productive direction what do people here think about Rhodium?

Rhodium has a history of being all over the place and the Gold/Rhodium ratio seems to be near historic lows. I bought some phsical last week for the first time ever. Not a huge amount, but enough for me to watch the charts.

All in all, I do like your colour choice in car's.

That's like saying cars don't replace horses. Well, in most cases, they do, but not in all cases. LOL. Goat didn't buy a kick-ass yellow horse, did he? Damn, old-fashioned ideas die hard.

Adrian-x

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To move this thread in a more productive direction what do people here think about Rhodium?

Rhodium has a history of being all over the place and the Gold/Rhodium ratio seems to be near historic lows. I bought some phsical last week for the first time ever. Not a huge amount, but enough for me to watch the charts.

All in all, I do like your colour choice in car's.

marcus_of_augustus

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Eadem mutata resurgo

like smoothie has never made an unverifiable claim on bitcointalk ... Roll Eyes

i know who I'd be inclined to believe.

smoothie

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Quote from: cypherdoc on January 26, 2014, 07:36:22 PM

Quote from: ?? on ??

Quote from: cypherdoc on January 26, 2014, 07:28:37 PM

The whole concept of Bitcoin as a replacement for gold was not nearly as clear as it is now.

I clearly do not believe Bitcoin is a replacement for gold and stuff like this is probably why I would have felt awkward trying to defend you, even if i wanted to. But yes, I did see the thread, and I read some of it. But like I said, at that time I did not care about gold or people who thought BTC would replace gold.

Well then, I guess you're still missing the whole point of this and the other thread. Grin

+1 not very shocking. Shocked

cypherdoc

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Quote from: cypherdoc on January 26, 2014, 07:28:37 PM

The whole concept of Bitcoin as a replacement for gold was not nearly as clear as it is now.

I clearly do not believe Bitcoin is a replacement for gold and stuff like this is probably why I would have felt awkward trying to defend you, even if i wanted to. But yes, I did see the thread, and I read some of it. But like I said, at that time I did not care about gold or people who thought BTC would replace gold.

Well then, I guess you're still missing the whole point of this and the other thread. Grin

smoothie

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Quote from: ?? on ??

Quote from: cypherdoc on January 26, 2014, 07:28:37 PM

The whole concept of Bitcoin as a replacement for gold was not nearly as clear as it is now.

I clearly do not believe Bitcoin is a replacement for gold and stuff like this is probably why I would have felt awkward trying to defend you, even if i wanted to. But yes, I did see the thread, and I read some of it. But like I said, at that time I did not care about gold or people who thought BTC would replace gold.

To move into an asset like Bitcoin from Gold and not care about people thinking BTC may somehow replace gold (in some sort of transacting way) is rather unbelievable. The obvious thing is to look at what the herd may consider in the future as a way to get in early to an asset like BTC from gold.

This would be the logical way I would think someone selling Gold to get into Bitcoin would be thinking longer term.

smoothie

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Quote from: cypherdoc on January 26, 2014, 07:28:37 PM

Quote from: ?? on ??

Quote from: cypherdoc on January 26, 2014, 07:08:45 PM

Actually it would prove everything.

That was such an epic thread that brought out all the good bugs and cypherdoc haters because I had the gall to call the top. It was an extremely tense 4 months of posting; basically me against everyone else. It was so controversial that I would think you'd have gotten involved supporting me if you had indeed sold or gone short like I did. It doesn't make sense you'd stay away given how intense you've been concerning your love of gold and especially silver that you've demonstrated over the last year or so in this very thread.

Posting or not in one thread does not prove or disprove my actions in real life. The world does not revolve around you and your threads. That fact that you seem to think this is the case is very shocking to me. Your using this to base that you think I'm a fraud makes me question your abilities at logic.

Like I said I was highly interested in BTC and the time and had not only sold off all my gold, but my wife's as well to get BTC and mining equipment. I did not care about gold at the time as I did not hold it and was not going to get it anytime soon. I became more interested in gold and silver when silver was getting close to $18.50 my first buy back in point.

I do not love gold or silver. I think it is a smart fraction of any sane persons investment portfolio. I hold 85% Crypto, 10% PMs and 5% cash.

I'm sorry I did not defend you for the difficult 4 months you had on this BTC forum but really that was not my battle. I was busy making money...

Edit: This thread has become focused on me and what I might have done 10 plus years ago. I'm going to stay away for a couple of days and hopefully this gets back on topic. Insult me all you want if it makes you feel better but I have better things to do. Peace.

I'm not attacking you but it did strike me as odd that you've made this claim.

That thread, like this one, speaks for itself in terms of popularity. It was front and center of the Speculation forum that whole time with as many, if not more replies per time period as this one.

You were also quite active as a poster, as you are now. It would have been natural for you to be a part of the discussion like you are now. The whole concept of Bitcoin as a replacement for gold was not nearly as clear as it is now.

Hindsight is 20/20.

cypherdoc

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Quote from: cypherdoc on January 26, 2014, 07:08:45 PM

Actually it would prove everything.

That was such an epic thread that brought out all the good bugs and cypherdoc haters because I had the gall to call the top. It was an extremely tense 4 months of posting; basically me against everyone else. It was so controversial that I would think you'd have gotten involved supporting me if you had indeed sold or gone short like I did. It doesn't make sense you'd stay away given how intense you've been concerning your love of gold and especially silver that you've demonstrated over the last year or so in this very thread.

Posting or not in one thread does not prove or disprove my actions in real life. The world does not revolve around you and your threads. That fact that you seem to think this is the case is very shocking to me. Your using this to base that you think I'm a fraud makes me question your abilities at logic.

Like I said I was highly interested in BTC and the time and had not only sold off all my gold, but my wife's as well to get BTC and mining equipment. I did not care about gold at the time as I did not hold it and was not going to get it anytime soon. I became more interested in gold and silver when silver was getting close to $18.50 my first buy back in point.

I do not love gold or silver. I think it is a smart fraction of any sane persons investment portfolio. I hold 85% Crypto, 10% PMs and 5% cash.

I'm sorry I did not defend you for the difficult 4 months you had on this BTC forum but really that was not my battle. I was busy making money...

Edit: This thread has become focused on me and what I might have done 10 plus years ago. I'm going to stay away for a couple of days and hopefully this gets back on topic. Insult me all you want if it makes you feel better but I have better things to do. Peace.

I'm not attacking you but it did strike me as odd that you've made this claim.

That thread, like this one, speaks for itself in terms of popularity. It was front and center of the Speculation forum that whole time with as many, if not more replies per time period as this one.

You were also quite active as a poster, as you are now. It would have been natural for you to be a part of the discussion like you are now. The whole concept of Bitcoin as a replacement for gold was not nearly as clear as it is now.

smoothie

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Quote from: ?? on ??

Quote from: smoothie on January 26, 2014, 07:21:11 PM

Quote from: ?? on ??

Quote from: cypherdoc on January 26, 2014, 07:08:45 PM

Actually it would prove everything.

That was such an epic thread that brought out all the good bugs and cypherdoc haters because I had the gall to call the top. It was an extremely tense 4 months of posting; basically me against everyone else. It was so controversial that I would think you'd have gotten involved supporting me if you had indeed sold or gone short like I did. It doesn't make sense you'd stay away given how intense you've been concerning your love of gold and especially silver that you've demonstrated over the last year or so in this very thread.

Posting or not in one thread does not prove or disprove my actions in real life. The world does not revolve around you and your threads. That fact that you seem to think this is the case is very shocking to me. Your using this to base that you think I'm a fraud makes me question your abilities at logic.

Like I said I was highly interested in BTC and the time and had not only sold off all my gold, but my wife's as well to get BTC and mining equipment. I did not care about gold at the time as I did not hold it and was not going to get it anytime soon. I became more interested in gold and silver when silver was getting close to $18.50 my first buy back in point.

I do not love gold or silver. I think it is a smart fraction of any sane persons investment portfolio. I hold 85% Crypto, 10% PMs and 5% cash.

I'm sorry I did not defend you for the difficult 4 months you had on this BTC forum but really that was not my battle. I was busy making money...

Yes making money through the PIRATE PONZI PASS-THROUGH as one of PirateAt40's gateways to "invest" to get the holy 7% per week returns.

Quote

He lost about 40,000 BTC with PirateAt40's Bitcoin Savings and Trust (BTCST)

From smoothie's thread "[FAIL CAPTAIN] Some Facts About Chaang Noi (Goat) ช้างน้อย" found here, https://bitcointalksearch.org/topic/fail-captain-some-facts-about-chaang-noi-goat-119490

I get attacked both ways. Anyway, have fun with the personal attacks!

Yes that was me over a year ago. Get over it Goat. Cheesy

Also...didn't you hit the IGNORE BUTTON? No credibility there I guess or no consistency to keep it that way. Not surprising.

smoothie

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Quote from: ?? on ??

Quote from: cypherdoc on January 26, 2014, 07:08:45 PM

Actually it would prove everything.

That was such an epic thread that brought out all the good bugs and cypherdoc haters because I had the gall to call the top. It was an extremely tense 4 months of posting; basically me against everyone else. It was so controversial that I would think you'd have gotten involved supporting me if you had indeed sold or gone short like I did. It doesn't make sense you'd stay away given how intense you've been concerning your love of gold and especially silver that you've demonstrated over the last year or so in this very thread.

Posting or not in one thread does not prove or disprove my actions in real life. The world does not revolve around you and your threads. That fact that you seem to think this is the case is very shocking to me. Your using this to base that you think I'm a fraud makes me question your abilities at logic.

Like I said I was highly interested in BTC and the time and had not only sold off all my gold, but my wife's as well to get BTC and mining equipment. I did not care about gold at the time as I did not hold it and was not going to get it anytime soon. I became more interested in gold and silver when silver was getting close to $18.50 my first buy back in point.

I do not love gold or silver. I think it is a smart fraction of any sane persons investment portfolio. I hold 85% Crypto, 10% PMs and 5% cash.

I'm sorry I did not defend you for the difficult 4 months you had on this BTC forum but really that was not my battle. I was busy making money...

Yes making money through the PIRATE PONZI PASS-THROUGH as one of PirateAt40's gateways to "invest" to get the holy 7% per week returns.

smoothie

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Quote from: cypherdoc on January 26, 2014, 07:08:45 PM

Quote from: ?? on ??

Quote from: cypherdoc on January 26, 2014, 06:49:07 PM

I mean, you were nowhere to be found in my Gold I Smell A Trap thread of 2011 even though you were active as Goat.

That would not prove anything either way. I was aware of that thread and read some of it, but I was obsessed with BTC at the time.

I did not even post in this thread until I started buying gold/silver again. Why would I read or post in a thread about something I had no interest?

This is a BTC forum after all. You should really be looking at my post history on the kitco forum and it would be pretty clear what my thoughts where and what I was doing.

And anyway, the way to prove this would be to show you my tax returns and APMEX history, something that will not be happening.

But really, if you guys think I'm just bullshiting then fine, ignore what I say. I have nothing to gain by it. I really do not care what you think about me.

Actually it would prove everything.

That was such an epic thread that brought out all the good bugs and cypherdoc haters because I had the gall to call the top. It was an extremely tense 4 months of posting; basically me against everyone else. It was so controversial that I would think you'd have gotten involved supporting me if you had indeed sold or gone short like I did. It doesn't make sense you'd stay away given how intense you've been concerning your love of gold and especially silver that you've demonstrated over the last year or so in this very thread.

If you folks remember Goat was one of the main PIRATE PASS THROUGH PONZI OPERATORS. Perhaps he was too distracted taking people's money to send to Pirate to make a cut for himself that he didn't bother with Cypher's thread? Seems plausible.

Edit: Yes this thread derailment was caused by your claims Goat, to make another user who you thought was insulting you to feel smaller than you or perhaps make you look more "legit". Next time leave the ego at the door unless you can prove what your ego touts.

cypherdoc

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Quote from: cypherdoc on January 26, 2014, 06:49:07 PM

I mean, you were nowhere to be found in my Gold I Smell A Trap thread of 2011 even though you were active as Goat.

That would not prove anything either way. I was aware of that thread and read some of it, but I was obsessed with BTC at the time.

I did not even post in this thread until I started buying gold/silver again. Why would I read or post in a thread about something I had no interest?

This is a BTC forum after all. You should really be looking at my post history on the kitco forum and it would be pretty clear what my thoughts where and what I was doing.

And anyway, the way to prove this would be to show you my tax returns and APMEX history, something that will not be happening.

But really, if you guys think I'm just bullshiting then fine, ignore what I say. I have nothing to gain by it. I really do not care what you think about me.

Actually it would prove everything.

That was such an epic thread that brought out all the good bugs and cypherdoc haters because I had the gall to call the top. It was an extremely tense 4 months of posting; basically me against everyone else. It was so controversial that I would think you'd have gotten involved supporting me if you had indeed sold or gone short like I did. It doesn't make sense you'd stay away given how intense you've been concerning your love of gold and especially silver that you've demonstrated over the last year or so in this very thread.

smoothie

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Quote from: ?? on ??

Quote from: cypherdoc on January 26, 2014, 06:49:07 PM

I mean, you were nowhere to be found in my Gold I Smell A Trap thread of 2011 even though you were active as Goat.

That would not prove anything either way. I was aware of that thread and read some of it, but I was obsessed with BTC at the time.

I did not even post in this thread until I started buying gold/silver again. Why would I read or post in a thread about something I had no interest?

This is a BTC forum after all. You should really be looking at my post history on the kitco forum and it would be pretty clear what my thoughts where and what I was doing.

And anyway, the way to prove this would be to show you my tax returns and APMEX history, something that will not be happening.

But really, if you guys think I'm just bullshiting then fine, ignore what I say. I have nothing to gain by it. I really do not care what you think about me.

You mad bro? Cheesy

smoothie

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Quote from: thezerg on January 26, 2014, 06:48:18 PM

The truth is that anyone can say anything here and its unverifiable. This is why I tend to say nothing about my personal investment decisions. However, in this case the Goat is not trying to sell us anything. What's his purpose for lying? Photoshops of somebody else's Lambo is a LOT more time consuming than point & click.

So I tend to take him at his word, but at the same time don't really care. People who think net worth is like a score on a video game and this forum is the leaderboard are deluded and I feel sorry for them.

At some point your quality of life and the ability to push your interests across the local, regional or world stage are what's important. Who do you pick? The pre-marriage Bill Gates who spent all his time accumulating billions through a software monopoly (let's ignore his later philanthropy), or Elon Musk who left Paypal and is now building electric cars, rocket ships and is proposing to revolutionize city-to-city public transport?

Untrue. If you keep enough good records you could likely prove it.

But goat made such a long term claim that anyone could do by simply pulling up the longer term chart of gold then say "I bought on X year and sold on Y year.".

My point was that maybe instead of claiming when he bought and sold he just claimed to be accumulating that way it removes the need to be called out. I'm one of those people that like to do that on this forum from day 1. Goat just can't take it when he is unable to back up his claims and reverts to insults like a 3rd grader to remove attention from his short comings.

As said before talk is cheap.

Cypher on the other hand has much more credibility here given his predictions and calls in this thread and in his subscription service prove he has a track record of making good calls. Even he was man enough to admit that he bought bitcoins from proceeds of PM sales at ~$20 a bitcoin in 2011 (Cypher did I get that right?).

He has a track record on this forum as well. Goat no so much to prove those claims in any meaningful manner.

smoothie

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Quote from: ampere9765 on January 26, 2014, 06:41:59 PM

i was thinking of on the next leg up of diversifying into gold to some extent. is that a good/bad idea? just maybe like 10% or so of my bitcoin position.

Slowly accumulating over time is never a bad idea in my view.

smoothie

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Quote from: cypherdoc on January 26, 2014, 06:49:07 PM

Quote from: ?? on ??

Quote from: smoothie on January 26, 2014, 06:20:15 PM

Quote from: ?? on ??

Quote from: smoothie on January 26, 2014, 05:18:17 PM

Proof please of said bolded claims?

Anyone can look at a chart and make a claim like this and have no proof.

Don Harold on Youtube likes to do this. And it makes me laugh.

Lesson: Just because someone says something it doesn't make it true.

I could care less what smoothie the troll claims. Go ahead don't believe me, I don't care. Roll Eyes

As suspected: talk is cheap. Grin

BRB, going to upload 10 years of tax returns... You should be smart enough to know that what you demanded was not realistic. However I'm sure in your own mind you proved to the world that I am a fraud. Keep trolling, by accident one day you might do something clever.

Talk is cheap indeed.

Smoothie does have a point.

I mean, you were nowhere to be found in my Gold I Smell A Trap thread of 2011 even though you were active as Goat.

+1...and I'm the "troll". Cheesy

cypherdoc

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Quote from: ?? on ??

Quote from: smoothie on January 26, 2014, 06:20:15 PM

Quote from: ?? on ??

Quote from: smoothie on January 26, 2014, 05:18:17 PM

Proof please of said bolded claims?

Anyone can look at a chart and make a claim like this and have no proof.

Don Harold on Youtube likes to do this. And it makes me laugh.

Lesson: Just because someone says something it doesn't make it true.

I could care less what smoothie the troll claims. Go ahead don't believe me, I don't care. Roll Eyes

As suspected: talk is cheap. Grin

BRB, going to upload 10 years of tax returns... You should be smart enough to know that what you demanded was not realistic. However I'm sure in your own mind you proved to the world that I am a fraud. Keep trolling, by accident one day you might do something clever.

Talk is cheap indeed.

Smoothie does have a point.

I mean, you were nowhere to be found in my Gold I Smell A Trap thread of 2011 even though you were active as Goat.

Just saying.

thezerg

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The truth is that anyone can say anything here and its unverifiable. This is why I tend to say nothing about my personal investment decisions. However, in this case the Goat is not trying to sell us anything. What's his purpose for lying? Photoshops of somebody else's Lambo is a LOT more time consuming than point & click.

So I tend to take him at his word, but at the same time don't really care. People who think net worth is like a score on a video game and this forum is the leaderboard are deluded and I feel sorry for them.

At some point your quality of life and the ability to push your interests across the local, regional or world stage are what's important. Who do you pick? The pre-marriage Bill Gates who spent all his time accumulating billions through a software monopoly (let's ignore his later philanthropy), or Elon Musk who left Paypal and is now building electric cars, rocket ships and is proposing to revolutionize city-to-city public transport?

ampere9765

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Quote from: ?? on ??

Quote from: ampere9765 on January 26, 2014, 06:41:59 PM

i was thinking of on the next leg up of diversifying into gold to some extent. is that a good/bad idea? just maybe like 10% or so of my bitcoin position.

Well, I personally think you should and I have done it myself. 5% to 10% in gold/silver just seems smart no matter what in my book. Esp in the world we live today with the central banks printing like crazy. However I'm also 85% crypto, I think we have a long way to go up here.

we seem to be on the same page then. cheers.

Topic: Gold collapsing. Bitcoin UP. - page 1182. (Read 2032266 times)