Gold could be going down for a long time.
not until china and others keep buying phyzz like there is no tomorrow (they must know something that western sheeples don't)
Topic: Gold collapsing. Bitcoin UP. - page 1255. (Read 2032272 times)
not until china and others keep buying phyzz like there is no tomorrow (they must know something that western sheeples don't)
hero member
Activity: 756
Merit: 500
It's all fun and games until somebody loses an eye
Gold's transition should eventually result in extensive industrial uses, as well as medical. I seriously doubt it will ever be worth nothing.
There is a lot of room between "reserve currency of the world" and "fills a few industrial niches". Gold could be going down for a long time.
Gold's transition should eventually result in extensive industrial uses, as well as medical. I seriously doubt it will ever be worth nothing.
Wow, that's quite a change in tone.
I'm early Gen-Y
how fucked am I?
how fucked am I?
Pretty fucked.
You will be paying student loans for at least 10-15 years following graduation.
While in school you will be forced to work two jobs for minimum wage if you are lucky in order to support yourself and have food to eat.
If you are unlucky you will get an unpaid internship. If you are very unlucky, the unpaid internship will turn into a minimum wage job once you graduate.
(Unpaid internships, welcome to modern times answer to slavery!)
After several years of making almost nothing at the job you spent $100,000 of dollars for the degree that was required to get it, you will ask yourself: why am I working for these pricks? Start your own business
Handing off the baton? Yeah right.
The baby boomer generation is set on sucking every penny through their unsustainable pensions and the current situation with social security.
As my university professors warned us, our generation will be left holding an empty bag.
The pensions are unsustainable and will NOT continue for Gen X.
Gen X, it is wisest if you see the debacle you have been placed in. Tuition has risen to record levels, and in most cases graduates will be 30 years old until their student loans are paid off. Don't rely on pensions, social security, or any of that other nonsense.
The baby boomer generation is set on sucking every penny through their unsustainable pensions and the current situation with social security.
As my university professors warned us, our generation will be left holding an empty bag.
The pensions are unsustainable and will NOT continue for Gen X.
Gen X, it is wisest if you see the debacle you have been placed in. Tuition has risen to record levels, and in most cases graduates will be 30 years old until their student loans are paid off. Don't rely on pensions, social security, or any of that other nonsense.
Lol@ having student loans paid off by the age of 30. Try 45.
+1: If you do some postgraduate studies you might still be in school until you are 28 and then you can defer payments while you are unemployed looking for a job, and then there is income-based payments, so If you have a couple kids you can make the national average income and be assessed a minimum payment of $0. What is this repaying student loans you are talking about?
The average person has to pay off their students loan, one way or another.
It helps your credit score, anyways.
Gold's transition should eventually result in extensive industrial uses, as well as medical. I seriously doubt it will ever be worth nothing.
today btc collapsing, gold UP.
Maybe it's the start of an inversion(?)
Maybe it's the start of an inversion(?)
Well, will you look at that!
Actually, gold at this level with the USDX below 80 is pretty pathetic. A year ago I would not and did not expect that such poor performance would have been very likely. Thankfully I'm not a trader. My career in that field would be brutal and short.
today btc collapsing, gold UP.
Maybe it's the start of an inversion(?)
Maybe it's the start of an inversion(?)
it's catching on:
http://www.wired.com/wiredenterprise/2013/10/bitcoin-in-japan/
even more than it has.
http://www.wired.com/wiredenterprise/2013/10/bitcoin-in-japan/
even more than it has.
Nice article for goldbugs to read. Tokyo meetup is getting good-sized, but these are mostly non-Japanese people, and Osaka meetup is in low single-digits, very nascent, with like 1-2 Japanese. Give it a few weeks and some otaku will make their own group, thanks to Gigazine's very helpful and well-read posts.
hero member
Activity: 756
Merit: 500
It's all fun and games until somebody loses an eye
Handing off the baton? Yeah right.
The baby boomer generation is set on sucking every penny through their unsustainable pensions and the current situation with social security.
As my university professors warned us, our generation will be left holding an empty bag.
The pensions are unsustainable and will NOT continue for Gen X.
Gen X, it is wisest if you see the debacle you have been placed in. Tuition has risen to record levels, and in most cases graduates will be 30 years old until their student loans are paid off. Don't rely on pensions, social security, or any of that other nonsense.
The baby boomer generation is set on sucking every penny through their unsustainable pensions and the current situation with social security.
As my university professors warned us, our generation will be left holding an empty bag.
The pensions are unsustainable and will NOT continue for Gen X.
Gen X, it is wisest if you see the debacle you have been placed in. Tuition has risen to record levels, and in most cases graduates will be 30 years old until their student loans are paid off. Don't rely on pensions, social security, or any of that other nonsense.
Lol@ having student loans paid off by the age of 30. Try 45.
+1: If you do some postgraduate studies you might still be in school until you are 28 and then you can defer payments while you are unemployed looking for a job, and then there is income-based payments, so If you have a couple kids you can make the national average income and be assessed a minimum payment of $0. What is this repaying student loans you are talking about?
it's catching on:
http://www.wired.com/wiredenterprise/2013/10/bitcoin-in-japan/
even more than it has.
http://www.wired.com/wiredenterprise/2013/10/bitcoin-in-japan/
even more than it has.
I'm early Gen-Y
how fucked am I?
how fucked am I?
Don't worry Adam, you have bitcoin! Er, I think you have bitcoin, you didn't trade them all in for feathercoin I hope.
I'm early Gen-Y
how fucked am I?
how fucked am I?
I'm late Gen-X. I see us as stuck in the middle between the boomers who are retiring now and want the system to continue and the millenials who have become debt serfs trapped between more student loan debt, higher housing costs and lower job prospects than any previous generation faced.
The millenials have every reason to revolt if they are smart. I'm not sure what direction us Gen-Xers will take. On one hand we are more established and want the system to continue, on the other hand we know it will unravel before our time is up.
The millenials have every reason to revolt if they are smart. I'm not sure what direction us Gen-Xers will take. On one hand we are more established and want the system to continue, on the other hand we know it will unravel before our time is up.
LOL.
Handing off the baton? Yeah right.
The baby boomer generation is set on sucking every penny through their unsustainable pensions and the current situation with social security.
As my university professors warned us, our generation will be left holding an empty bag.
The pensions are unsustainable and will NOT continue for Gen X.
Gen X, it is wisest if you see the debacle you have been placed in. Tuition has risen to record levels, and in most cases graduates will be 30 years old until their student loans are paid off. Don't rely on pensions, social security, or any of that other nonsense.
Lol@ having student loans paid off by the age of 30. Try 45.
But yeah, you aren't the only one pissed off at being treated as a "debt slave", working to support the baby boomers, while you will be left with little.
Funny enough, that really never bothered me all that much. Not sure why. I've had a lot of good fortune in life I suppose. It annoys me that a fair fraction of my labor is siphoned off by financial institutions on it's way to help the less fortunate though.
I say, Gen X needs to press harder with developing internet companies, like Facebook and Twitter. If there is an advantage younger people have its their tech savyness.
Even relatively older Gen-X'ers like myself who were aspiring geeks had access to such magical toys as a C-64. When we got tired of keying in Chicken Little out of Compute's Gazette there was little else to do but learn 6502 assembly...there being no accessible Internet in the form which was to follow. Although I forgot most of the details in the decade I spent away from computers, some of those old lessons and concepts were very helpful when I got back into things. I doubt that I would have developed anywhere nearly as much tech savvy had I access to a modern phone with 40,000 ready-to-go apps or whatever. But who knows?
...
Gen X, it is wisest if you see the debacle you have been placed in. Tuition has risen to record levels, and in most cases graduates will be 30 years old until their student loans are paid off. Don't rely on pensions, social security, or any of that other nonsense.
Gen X, it is wisest if you see the debacle you have been placed in. Tuition has risen to record levels, and in most cases graduates will be 30 years old until their student loans are paid off. Don't rely on pensions, social security, or any of that other nonsense.
Gee, thanks for the advice. Why do you think I'm dicking around with Bitcoin? It should be pretty obvious to most of us Gen-X'ers that we need to be looking out for our own asses since nobody else is going to be. I practically spit on the floor when anyone tried to goad me into participating in the 401k program at my various places of work over the last decade. I'd place a pretty big bet that unless I'm eating cat food that money will be allocated to someone else per a 'means test' regime. I did, in fact, by rejecting the tax break bait.
I LOL'd when I read about you spitting on the floor when goaded with a 401k.
That's funny man.
But seriously, there are rumors 401k is going to become open game for the government to seize to payoff government debt, a la Cypress banks style.
401K isn't all bad. You get to differ taxes by participating in it (depending on your tax situation, consult an honest accountant), so if the money would have gone to the tax man, anyways, it can't hurt.
But yeah, you aren't the only one pissed off at being treated as a "debt slave", working to support the baby boomers, while you will be left with little.
I say, Gen X needs to press harder with developing internet companies, like Facebook and Twitter. If there is an advantage younger people have its their tech savyness.
Let the geezers have their Social Security money. They can invest it into their precarious 401ks buying into Bitcoin ETFs
...
Gen X, it is wisest if you see the debacle you have been placed in. Tuition has risen to record levels, and in most cases graduates will be 30 years old until their student loans are paid off. Don't rely on pensions, social security, or any of that other nonsense.
Gen X, it is wisest if you see the debacle you have been placed in. Tuition has risen to record levels, and in most cases graduates will be 30 years old until their student loans are paid off. Don't rely on pensions, social security, or any of that other nonsense.
Gee, thanks for the advice. Why do you think I'm dicking around with Bitcoin? It should be pretty obvious to most of us Gen-X'ers that we need to be looking out for our own asses since nobody else is going to be. I practically spit on the floor when anyone tried to goad me into participating in the 401k program at my various places of work over the last decade. I'd place a pretty big bet that unless I'm eating cat food that money will be allocated to someone else per a 'means test' regime. I did, in fact, by rejecting the tax break bait.
I'm late Gen-X. I see us as stuck in the middle between the boomers who are retiring now and want the system to continue and the millenials who have become debt serfs trapped between more student loan debt, higher housing costs and lower job prospects than any previous generation faced.
The millenials have every reason to revolt if they are smart. I'm not sure what direction us Gen-Xers will take. On one hand we are more established and want the system to continue, on the other hand we know it will unravel before our time is up.
The millenials have every reason to revolt if they are smart. I'm not sure what direction us Gen-Xers will take. On one hand we are more established and want the system to continue, on the other hand we know it will unravel before our time is up.
LOL.
Handing off the baton? Yeah right.
The baby boomer generation is set on sucking every penny through their unsustainable pensions and the current situation with social security.
As my university professors warned us, our generation will be left holding an empty bag.
The pensions are unsustainable and will NOT continue for Gen X.
Gen X, it is wisest if you see the debacle you have been placed in. Tuition has risen to record levels, and in most cases graduates will be 30 years old until their student loans are paid off. Don't rely on pensions, social security, or any of that other nonsense.
This conclusion comes from seeing Bitcoin as a reserve asset (one that I very much share). Today US Treasury debt is the reserve asset to own, and the problem with fiat is you can't really "own" debt because a public or individual can choose to refuse to pay. (As the next generation should do if they are smart).
In which generation are you? I was thinking as the baton is handed from the baby boomers to the upcoming "smart" generation over the next 10 years they should figure that out.
I'm late Gen-X. I see us as stuck in the middle between the boomers who are retiring now and want the system to continue and the millenials who have become debt serfs trapped between more student loan debt, higher housing costs and lower job prospects than any previous generation faced.
The millenials have every reason to revolt if they are smart. I'm not sure what direction us Gen-Xers will take. On one hand we are more established and want the system to continue, on the other hand we know it will unravel before our time is up.
The laggards will still be far better off in a Bitcoin world than they are now (except the bankers, politicians, and most government contractors). A Bitcoin-powered world is one where the pie is immeasurably bigger.
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