Topic: Gold collapsing. Bitcoin UP. - page 1191. (Read 2032266 times)

Falls under "syllogistic logical fallacy" based on Risto's syntax.

http://www.zerohedge.com/news/2014-01-09/things-make-you-go-hmmm-feds-logical-fallacies

Its called: moderating.

Pretty shocked this comment came rom a moderator.

That seems like very shaky logic.

Physical silver net investment demand per annum is about 50M oz (0.9B USD). This is way less than what was invested into Bitcoin in 2013 (2.5M USD) and way way less than what is expected to be invested this year (~30B USD).

A large percentage of those who invest in bitcoin are people who have been interested in monetary systems for a long time. They often hold gold and especially silver. Many sell their silver holdings to buy more BTC (including me and the owner of the thread). This reduces net investment demand.

Nobody is interested in investing in silver now. Especially no new breed is coming. The only ones that could be investing in silver are those who have made a killing with bitcoin and are looking for ways to diversify some of the gains. Silver could be a way to do it. I am in the position to do it. I am too busy to do it. Therefore people in my position are not doing it. Therefore no one is doing it. Therefore the price has more room to drop despite the fact that bitcoiners could buy many times the yearly net investment demand. As long as they choose not to do it, there is no hope for silver.

If one knows when it is applicable to look at one's own behavior and deduce general truths from it, one is quite a smart guy.

Your behavior is not fitting for a moderator.

What makes you think your (in)action will influence the global silver market to the degree of preventing/allowing new lows?

What makes you think your comment was worth writing and posting to everyone?

Time to take your meds again. The delusion has come back.

I don't have much time to buy silver now, so the price may go deeper. But if there is some demand for silver in the future, its price will reflect that demand. All in all, there is still quite much silver aboveground. I recently estimated that 400kg of silverware is required to furnish my castle, to reach even half of the silver/sqm ratio of what I have in my current premises.

The war on gold is more technical than the war on Bitcoin.

ton and ounce shouldn't even exist be used. A ton should be called a megagram. But what the hell... some people wanted to use the tonal system for bitcoin.

Hey, that is the British Thermal Unit at five o'clock.

in weight equal to the amount of #2 bituminous coal necessary to drive a steam engine of the improved Newcomen design a distance of three tightly stretched ox hides

maybe it's about Kibigrams ?

What is the total amount of gold above ground in mega-troy-ounces? This metric tonne stuff, it must be constructed to keep the good people in the dark. Manipulation!

I asked Google. People should really stop using all these retarded systems. Where I'm from an ounce is 100 gram and a pound is 500 gram but countries that aren't yet ready for the metric system have very weird quantities. Therefore I learned to ask Google but apparently that fails too sometimes.

a ton is 1000 kg where I live. Should've said "metric ton"?

EDIT: so: 7.6 kgAU/BTC

... it has been mentioned before somewhere that "gold silver shall be cast into the streets" ... ah yes here it is

Yes:

Gold collapsing to 250.-

http://www.dasgelbeforum.de.org/forum_entry.php?id=303145

@ELLI is probably the best elliott-wave analyst in western europe. He is the owner of that forum. Since he has a serious health problem and needs fulltime care, you can donate here, also with bitcoins:

http://www.dasgelbeforum.de.org/forum_entry.php?id=288000

No worries, I never left. BTW,

Gold collapsing. Bitcoin UP.