This is huge and deserves its own thread I would think.BTC being above the gold standard....after that maybe Platinum?
Platinum's next on the hit list.
http://www.xe.com/currencycharts/?from=XPT&to=XBT
Topic: Gold collapsing. Bitcoin UP. - page 1215. (Read 2032266 times)
Platinum's next on the hit list.
http://www.xe.com/currencycharts/?from=XPT&to=XBT
So who's on ParityWatch today?
And which exchange(s) are we going by here? Gox is getting close to $1200.
Also, Happy Thanksgiving (if you're American).
And which exchange(s) are we going by here? Gox is getting close to $1200.
Also, Happy Thanksgiving (if you're American).
We're all on parity watch.
Ironic we might hit on Thanksgiving?
http://bitcoinity.org/charts/gold
So who's on ParityWatch today?
And which exchange(s) are we going by here? Gox is getting close to $1200.
Also, Happy Thanksgiving (if you're American).
And which exchange(s) are we going by here? Gox is getting close to $1200.
Also, Happy Thanksgiving (if you're American).
We're all on parity watch.
Ironic we might hit on Thanksgiving?
I am undecided if we should postpone it until Jan 3rd.
Santa Claus might be more appropriate.
Man, what a culmination to this thread.
So who's on ParityWatch today?
And which exchange(s) are we going by here? Gox is getting close to $1200.
Also, Happy Thanksgiving (if you're American).
And which exchange(s) are we going by here? Gox is getting close to $1200.
Also, Happy Thanksgiving (if you're American).
We're all on parity watch.
Ironic we might hit on Thanksgiving?
I am undecided if we should postpone it until Jan 3rd.
So who's on ParityWatch today?
And which exchange(s) are we going by here? Gox is getting close to $1200.
Also, Happy Thanksgiving (if you're American).
And which exchange(s) are we going by here? Gox is getting close to $1200.
Also, Happy Thanksgiving (if you're American).
We're all on parity watch.
Ironic we might hit on Thanksgiving?
So who's on ParityWatch today?
And which exchange(s) are we going by here? Gox is getting close to $1200.
Also, Happy Thanksgiving (if you're American).
And which exchange(s) are we going by here? Gox is getting close to $1200.
Also, Happy Thanksgiving (if you're American).
http://pricedingold.com/bitcoin/
Goldseek.com even has a Bitcoin chart: http://www.goldseek.com/quotes/charts/bitcoin/bitcoin5day.php
Goldseek.com even has a Bitcoin chart: http://www.goldseek.com/quotes/charts/bitcoin/bitcoin5day.php
2 oz of silver for 1 ltc.
Come on btc you need to double gold.
Come on btc you need to double gold.
crazy LTC price, sold 20% of my LTC holdings, this is a bubble
Anyway, exciting times. Imagine the media headlines when BTC reaches gold parity!!
give me a shout if you come through Seattle
I thought you were a Portland guy and thus at least a fellow Oregonian. I disappointed
I'm looking forward to the day when we Oregonians can opt for 'The Bitcoin State' license plates.
sounds good! right now I'm in Eugene, OR: would love to see all those old kind hippies using Bitcoin
both, lol, just looking at the silver chart here, if you had asked me a year ago if we would have ever seen 19 again I would have laughed in your face...now I'm holding out for 17
It's tempting to make a connection between bitcoin boom and metal bust, but the market sizes are too different. The $ flowing into XBT is negligible compared to the $ exiting the metals, right? I think it's plain old "manipulation" of gold & silver?
Hardly anymore, in 2008 the LBMA OTC daily volume for silver is only something like USD 2-3 billion, http://www.lbma.org.uk/pages/index.cfm?page_id=50 , but keep in mind this is because silver is in a bear market, when Bitcoin was in a bear market its volume also went much higher, judging by this we could estimate that XBT has a little more than half the size of global silver market, which could not be called 'negligible' anymore.
give me a shout if you come through Seattle
I thought you were a Portland guy and thus at least a fellow Oregonian. I disappointed
I'm looking forward to the day when we Oregonians can opt for 'The Bitcoin State' license plates.
give me a shout if you come through Seattle
hey goat, you made it
the wall thread was speculating that you might have suffered a fatal orgasm with this morning's LTC spike
the wall thread was speculating that you might have suffered a fatal orgasm with this morning's LTC spike
I am of the opinion that the barbarous relics have a very important role to play going forward. Once Bitcoin destroys the fiat ponzi we can have true price discovery for PMs.
Not so much doubting gold as a "sure thing" but I think it's the realization that the PM market was and is still heavily manipulated by fiat. Bitcoin has a much faster correction mechanism in place currently. It'll be interesting to see how that evolves in the future.
both, lol, just looking at the silver chart here, if you had asked me a year ago if we would have ever seen 19 again I would have laughed in your face...now I'm holding out for 17
It's tempting to make a connection between bitcoin boom and metal bust, but the market sizes are too different. The $ flowing into XBT is negligible compared to the $ exiting the metals, right? I think it's plain old "manipulation" of gold & silver?
I used to take this contention (PM's massively dwarf crypto-currencies in terms of value flow) on faith, but lately I'm of the mind that it should be analyzed a little more carefully. Of course I've been to lazy to run the actual numbers...if I can even avoid the garbage-in/gabage-out problem anyway. And even if it is not currently the case that CC's are having a significant effect, it looks more and more like it could be going forward.
This would actually be a very welcome development for me since I'm planning a re-balance. That is to say, I might benefit doubly if/when I make an adjustment from CC's to PM's.
I think it might be more psychological than purely money moving from one asset to the other.
Gold's monetary value was (by the sound money people) perceived as "a sure thing". A number of them are now starting to doubt. That may decrease their willingness to put extra fiat into it.
both, lol, just looking at the silver chart here, if you had asked me a year ago if we would have ever seen 19 again I would have laughed in your face...now I'm holding out for 17
It's tempting to make a connection between bitcoin boom and metal bust, but the market sizes are too different. The $ flowing into XBT is negligible compared to the $ exiting the metals, right? I think it's plain old "manipulation" of gold & silver?
I used to take this contention (PM's massively dwarf crypto-currencies in terms of value flow) on faith, but lately I'm of the mind that it should be analyzed a little more carefully. Of course I've been to lazy to run the actual numbers...if I can even avoid the garbage-in/gabage-out problem anyway. And even if it is not currently the case that CC's are having a significant effect, it looks more and more like it could be going forward.
This would actually be a very welcome development for me since I'm planning a re-balance. That is to say, I might benefit doubly if/when I make an adjustment from CC's to PM's.
both, lol, just looking at the silver chart here, if you had asked me a year ago if we would have ever seen 19 again I would have laughed in your face...now I'm holding out for 17
It's tempting to make a connection between bitcoin boom and metal bust, but the market sizes are too different. The $ flowing into XBT is negligible compared to the $ exiting the metals, right? I think it's plain old "manipulation" of gold & silver?
maybe not too much now but there will be a time where capital flight to crypto is a lot more substantial
both, lol, just looking at the silver chart here, if you had asked me a year ago if we would have ever seen 19 again I would have laughed in your face...now I'm holding out for 17
It's tempting to make a connection between bitcoin boom and metal bust, but the market sizes are too different. The $ flowing into XBT is negligible compared to the $ exiting the metals, right? I think it's plain old "manipulation" of gold & silver?
I dont know - somehow 6 billion moving into an asset over the course of a few months makes it hard for me to call that asset negligible in comparison to anything
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