Wow, you actually believe the US has the gold?
no, he said they will have to purchase the physical
But he seems to focus on transportation and also seems to think this will happen fast.
Topic: Gold collapsing. Bitcoin UP. - page 1199. (Read 2032266 times)
Wow, you actually believe the US has the gold?
no, he said they will have to purchase the physical
But he seems to focus on transportation and also seems to think this will happen fast.
Wow, you actually believe the US has the gold?
no, he said they will have to purchase the physical
Yes it is more complicated. Such is true of everything.
I think this recent article sums up the relationship between QE1 to QE3, Taper and M1 quite eloquently. Nevertheless, the world is full of opinions on Gold's trajectory.
I think it makes the most sense to carefully watch the general opinion on investing in paper and other assets and monitor if and to which degree trust in the system starts to wane. Then and only then, PM's will have their finest moments. This moment could still be years away.
Agreed.
I'd wager the trajectory is downward until Germany has their gold back.
2020?
Sooner. US said 7 years, but we won't be informed until after it occurs, which will expected to be ahead of that time.
They could do it in 2 Jet loads, (as soon as they buy the physical from driving down the price of the paper gold).
It could be happening now, I doubt security will allow any advance notice.
Wow, you actually believe the US has the gold? The gold belonging to gold was supposedly stored in >20 storage bunkers but German representatives were only allowed to look in one :rolleyes:
Yes it is more complicated. Such is true of everything.
I think this recent article sums up the relationship between QE1 to QE3, Taper and M1 quite eloquently. Nevertheless, the world is full of opinions on Gold's trajectory.
I think it makes the most sense to carefully watch the general opinion on investing in paper and other assets and monitor if and to which degree trust in the system starts to wane. Then and only then, PM's will have their finest moments. This moment could still be years away.
Agreed.
I'd wager the trajectory is downward until Germany has their gold back.
2020?
Sooner. US said 7 years, but we won't be informed until after it occurs, which will expected to be ahead of that time.
They could do it in 2 Jet loads, (as soon as they buy the physical from driving down the price of the paper gold).
It could be happening now, I doubt security will allow any advance notice.
Yes it is more complicated. Such is true of everything.
I think this recent article sums up the relationship between QE1 to QE3, Taper and M1 quite eloquently. Nevertheless, the world is full of opinions on Gold's trajectory.
I think it makes the most sense to carefully watch the general opinion on investing in paper and other assets and monitor if and to which degree trust in the system starts to wane. Then and only then, PM's will have their finest moments. This moment could still be years away.
Agreed.
I'd wager the trajectory is downward until Germany has their gold back.
2020?
Yes it is more complicated. Such is true of everything.
I think this recent article sums up the relationship between QE1 to QE3, Taper and M1 quite eloquently. Nevertheless, the world is full of opinions on Gold's trajectory.
I think it makes the most sense to carefully watch the general opinion on investing in paper and other assets and monitor if and to which degree trust in the system starts to wane. Then and only then, PM's will have their finest moments. This moment could still be years away.
Agreed.
I'd wager the trajectory is downward until Germany has their gold back.
Yes it is more complicated. Such is true of everything.
I think this recent article sums up the relationship between QE1 to QE3, Taper and M1 quite eloquently. Nevertheless, the world is full of opinions on Gold's trajectory.
I think it makes the most sense to carefully watch the general opinion on investing in paper and other assets and monitor if and to which degree trust in the system starts to wane. Then and only then, PM's will have their finest moments. This moment could still be years away.
I agree with Cypher that the chart is extremely crude. Specifically because it's just showing debt, not actual money supply. Yes, the Fed is horrifically increasing M2. But M3 is likely still collapsing at a greater rate (though it's a bitch to measure). Hence, no inflation.....yet. I think we'll get nasty, or at least double-digit sustained inflation over the long-haul, but the underlying M3 deflationary dynamics will continue to be dominant for a while longer (years).
I think this is something that a lot of gold-bugs don't understand; they just look at new base-money entering the economy and think it'll insta-spike nominal commodity prices. But fiat money creation and supply is much more complicated.
I think this is something that a lot of gold-bugs don't understand; they just look at new base-money entering the economy and think it'll insta-spike nominal commodity prices. But fiat money creation and supply is much more complicated.
Yes it is more complicated. Such is true of everything.
So go ahead and complain, but make a chart that shows something you see as meaningful, instead of just saying that it is more complicated.
The M3 decline from the banks scooping up all the money and not loaning is more of a retracement toward the norm, but it is also (as I think you intimated) like a rubber-band being pulled back.
The gold price is deeply manipulated, as are the inflation metrics. I don't know many gold-bugs so I will have to take your word on what they don't understand.
that's a very crude attempt at a correlation. and potentially very misleading.
Would you aver that the relative value of commodities is independent of the dilution of fiat currencies in which they are measured? The chart starts at where they diverge at the closing of the gold window.
If the dollar were still a hard money currency, rather than backed by debt only, the commodity fluctuations would be more dependent on things like industrial demand and supply and less the devaluation of the dollar.
The point of the chart is that once BTC is mainstream, it ought also follow a valuation based on fiat debts.
It may have the ability to encourage honest money from the governments of the world as a global settlement mechanism.
This is the role that gold once had.
I agree with Cypher that the chart is extremely crude. Specifically because it's just showing debt, not actual money supply. Yes, the Fed is horrifically increasing M2. But M3 is likely still collapsing at a greater rate (though it's a bitch to measure). Hence, no inflation.....yet. I think we'll get nasty, or at least double-digit sustained inflation over the long-haul, but the underlying M3 deflationary dynamics will continue to be dominant for a while longer (years).
I think this is something that a lot of gold-bugs don't understand; they just look at new base-money entering the economy and think it'll insta-spike nominal commodity prices. But fiat money creation and supply is much more complicated.
that's a very crude attempt at a correlation. and potentially very misleading.
Would you aver that the relative value of commodities is independent of the dilution of fiat currencies in which they are measured? The chart starts at where they diverge at the closing of the gold window.
If the dollar were still a hard money currency, rather than backed by debt only, the commodity fluctuations would be more dependent on things like industrial demand and supply and less the devaluation of the dollar.
The point of the chart is that once BTC is mainstream, it ought also follow a valuation based on fiat debts.
It may have the ability to encourage honest money from the governments of the world as a global settlement mechanism.
This is the role that gold once had.
To the extent that Bitcoin takes the role of gold, we have this to look forward to:
How will we know when bitcoin is an asset class?
When cryptocurrency gets mentioned in the BASEL Accords.
Proper price of gold currently: around 1600.
Proper price of bitcoin? A lot more...
How will we know when bitcoin is an asset class?
When cryptocurrency gets mentioned in the BASEL Accords.
Proper price of gold currently: around 1600.
Proper price of bitcoin? A lot more...
that's a very crude attempt at a correlation. and potentially very misleading.
To the extent that Bitcoin takes the role of gold, we have this to look forward to:
How will we know when bitcoin is an asset class?
When cryptocurrency gets mentioned in the BASEL Accords.
Proper price of gold currently: around 1600.
Proper price of bitcoin? A lot more...
How will we know when bitcoin is an asset class?
When cryptocurrency gets mentioned in the BASEL Accords.
Proper price of gold currently: around 1600.
Proper price of bitcoin? A lot more...
finally got around to finding it:
Thanks. You should've had way more upvotes.
miscreanity,
is it time yet?:
is it time yet?:
If you hold dividend-paying stocks for the long-term, the price doesn't matter very much. If you trade for a living, price is all that matters. Either way, there's some level of exposure to the cannibalistic system.
So I don't care
A few months ago, I suggested that the USD$1k level might be the point where war would be declared on Bitcoin. It's starting to look like it has been. Both banks and gov't will protect their routes to conquest -- Bitcoin is finally being seen as a legitimate threat to their highly controlled regime of fiat and gold. Those plans will not endure intact, but having been laid down over decades there is a lot of interest in preserving those investments in time and resources.
I think it maybe quite the opposite:the fact that the banks and gov't resort to fight a dorky online interwebz currency with regulatory means, rather than allowing the investors to make decisions for themselves, shows how unconfident they are with those "investments" themselves. Smart investors will take note and start exiting.
finally got around to finding it:
Thanks. You should've had way more upvotes.
miscreanity,
is it time yet?:
is it time yet?:
If you hold dividend-paying stocks for the long-term, the price doesn't matter very much. If you trade for a living, price is all that matters. Either way, there's some level of exposure to the cannibalistic system.
So I don't care
A few months ago, I suggested that the USD$1k level might be the point where war would be declared on Bitcoin. It's starting to look like it has been. Both banks and gov't will protect their routes to conquest -- Bitcoin is finally being seen as a legitimate threat to their highly controlled regime of fiat and gold. Those plans will not endure intact, but having been laid down over decades there is a lot of interest in preserving those investments in time and resources.
Their downfall is that they don't see how the game is changing: it is no longer about exclusive domination, but inclusive collaboration.
Be self-sufficient and stand your ground, friends.
How is bitcoin millionares cashing out on their pyramid scheme good PR. buying something at wal mart is good PR, that just makes this look like a pyramid scheme
Wow, learn2PR.
Buying something at Walmart is good PR if you are a Presidential Candidate accused of being out of touch with the people, but otherwise... who can't just go to Wallmart and buy something? so what, ho hum, no news.
Most people can't go buy a hot flashy car much less with only using secret numbers their computer made up.
It is way more interesting. Sexy, crazy, cool. Headline making. Lifestyles of the rich and famous worthy.
As PR stunts go, it is a good play.
Houses bought with forgotten hard drives. Lost Million dollar floppy disks in landfills, race cars bought with digital money. Those are news.
Walmart accepting Bitcoin may indeed be a better thing for Bitcoin, but at the moment, it is somewhat more of a difficult hurdle than finding someone to sell you a car.
Yeah held on by the skin of my teeth... Now just hoping the price will drop through the current resistance. Is there any way to see a sort of order book in markets such as gold (I'm new to this fake CFD gold business?) Not that that would protect against these huge market orders that keep getting executed...
I started shorting gold on Monday morning - It's up nearly $40 since then, I'm about to get wiped out. Whoops. 
Had less than £40 equity left, thought I'd gamboll...
if you shorted on Monday, then today you're green!
I started shorting gold on Monday morning - It's up nearly $40 since then, I'm about to get wiped out. Whoops.
Had less than £40 equity left, thought I'd gamboll...
miscreanity,
is it time yet?:
is it time yet?:
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