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Topic: Gold collapsing. Bitcoin UP. - page 1261. (Read 2032272 times)

donator
Activity: 1722
Merit: 1036
October 20, 2013, 09:13:15 AM

Up to this point I estimated there to be around 160,000 tons of gold above ground and I think that's along the lines of other estimates.


Karen says that there is at least 500,000 tons of gold, all conventional figures say about 160,000 tons. The latter figure is imho rather well researched from the mining output in 20th century - before which only a fraction of the total gold existing was produced. Do you have some credible theory, how the gold aboveground could be so much higher figure?
hero member
Activity: 784
Merit: 1000
October 20, 2013, 08:17:04 AM

Hudes says something about 140,000 tons of gold in vaults on Hawaii. Any merit to this?

She also says in the comments to this video:



Up to this point I estimated there to be around 160,000 tons of gold above ground and I think that's along the lines of other estimates.

If this turns out true, it'll be "Gold collapsing, Bitcoin UP" for real.


If it were true, FEDs would not have bought some hundreds of tons of gold right before its price topped.

So you believe that the FED is better than the Bank of England and Gordon Brown at timing these things?

Nah, just:
1.They have no such huge gold reserve, otherwise why bother buying it.

2.When you want to diversify from your fiats, PM is not a good option, central bankers still hold much more of them than you, and they know what they should do to keep their jobs(promoting fiats) if PM price skyrockets.

But to be honest I don't know what's with BoE and Gordon Brown.
legendary
Activity: 1204
Merit: 1002
Gresham's Lawyer
October 20, 2013, 07:42:25 AM

So you believe that the FED is better than the Bank of England and Gordon Brown at timing these things?

The FED has socialized is risk.  They don't need to be good at anything. 
They get the benefit when they are right and taxpayer covers if they are wrong.
legendary
Activity: 1764
Merit: 1002
October 20, 2013, 07:17:17 AM

Hudes says something about 140,000 tons of gold in vaults on Hawaii. Any merit to this?

She also says in the comments to this video:



Up to this point I estimated there to be around 160,000 tons of gold above ground and I think that's along the lines of other estimates.

If this turns out true, it'll be "Gold collapsing, Bitcoin UP" for real.


If it were true, FEDs would not have bought some hundreds of tons of gold right before its price topped.

So you believe that the FED is better than the Bank of England and Gordon Brown at timing these things?
hero member
Activity: 784
Merit: 1000
October 20, 2013, 06:55:36 AM

Hudes says something about 140,000 tons of gold in vaults on Hawaii. Any merit to this?

She also says in the comments to this video:



Up to this point I estimated there to be around 160,000 tons of gold above ground and I think that's along the lines of other estimates.

If this turns out true, it'll be "Gold collapsing, Bitcoin UP" for real.


If it were true, FEDs would not have bought some hundreds of tons of gold right before its price topped.
donator
Activity: 2772
Merit: 1019
October 20, 2013, 06:01:18 AM

Hudes says something about 140,000 tons of gold in vaults on Hawaii. Any merit to this?

She also says in the comments to this video:



Up to this point I estimated there to be around 160,000 tons of gold above ground and I think that's along the lines of other estimates.

If this turns out true, it'll be "Gold collapsing, Bitcoin UP" for real.
legendary
Activity: 1764
Merit: 1002
October 19, 2013, 08:32:40 PM
Congrats cypherdoc, 300 pages is quite impressive trying to make a point

it's actually about 370 pages at this point.

don't forget most of my efforts/posts making this point were made starting here 8/9/11 right before the peak:

Gold: I Smell A Trap
hero member
Activity: 784
Merit: 1000
October 19, 2013, 07:54:55 PM
...
oh and he has a message for us at the end:

Quote from: Rickards
The governments watching everything you do. So, if you're in bitcoin,... enjoy it, but don't kid yourself and think the government's not watching.


I'd trust Rickards on this one.  He's likely in a good position to know.  I've assumed this from (my personal) zero-day in Bitcoin-land.  For this reason, I plan to cross all my 'i's and cross all my 't's in any interactions.  Indeed, I am now only willing to do formal paper transactions for values in excess of $10,00.00 so I cannot be (falsely) charged with 'structuring' if the powers that be decide to bring the hammer down.

I bet that a lot of people who came out on top in Bitcoin speculation are going to throw away a good thing by trying to avoid the Feds and their maddeningly unfair but very real implementations of capital control.



In some senses, that's why need people like the Silk Road guys, though I personally do not endorse drug trading.

We are all too timid to test the robustness of our system, it's these people who actually went to the front-line, attracted some gunfire, making some real world experimental data available to us.
legendary
Activity: 1204
Merit: 1002
Gresham's Lawyer
October 19, 2013, 05:53:50 PM
VisionVictory made quite an awesome Bitcoin propaganda video explaining bitcoin to the metal-head-crowd:
http://www.youtube.com/watch?v=T_hBhymFfm8
Do you happen to have the link to the James Rickards interview?
yep: http://www.youtube.com/watch?v=fVOmVbHtz1k
and it's really good, too. I'll definitely read his upcoming book. If you haven't read "currency wars", it's probably good to read it beforehand in case you plan to read the new one.
oh and he has a message for us at the end:
Quote from: Rickards
The governments watching everything you do. So, if you're in bitcoin,... enjoy it, but don't kid yourself and think the government's not watching.
Thanks !
http://goldsilverworlds.com/economy/the-ongoing-depression-will-force-a-return-to-the-gold-standard/

thanks for that link, since it transcribes many of the important parts of the interview (too bad they didn't include "Bitcoin")

funny how "will" got edited to "could" later in the title, btw Wink.

Extra credit for you.  That's why I linked it without comment.  "GOLDSILVERWORLDS" edits out the bitcoin pieces Smiley
The full transcript is of course here:  http://futuremoneytrends.com/blog/?p=10062

There is this bidirectional ignorance (each ignoring the other) to some degree, their advocates poke at each other.
My personal quest is to bring together the hard money people and the bitcoin people and unify the efforts. To create allys.
Being that I have a special connection to both, based on some very personal experiences, it is something that pulls on me as almost a duty.

Rickards' criticism is very much on point though.  Pseudonymity is not anonymity.  He gives no greater criticism of it, which is itself telling, I'm working on roping him in yet further.
legendary
Activity: 2324
Merit: 1125
October 19, 2013, 05:46:49 PM
VisionVictory made quite an awesome Bitcoin propaganda video explaining bitcoin to the metal-head-crowd:
http://www.youtube.com/watch?v=T_hBhymFfm8
Do you happen to have the link to the James Rickards interview?
yep: http://www.youtube.com/watch?v=fVOmVbHtz1k
and it's really good, too. I'll definitely read his upcoming book. If you haven't read "currency wars", it's probably good to read it beforehand in case you plan to read the new one.
oh and he has a message for us at the end:
Quote from: Rickards
The governments watching everything you do. So, if you're in bitcoin,... enjoy it, but don't kid yourself and think the government's not watching.
Thanks !
http://goldsilverworlds.com/economy/the-ongoing-depression-will-force-a-return-to-the-gold-standard/

thanks for that link, since it transcribes many of the important parts of the interview (too bad they didn't include "Bitcoin")

funny how "will" got edited to "could" later in the title, btw Wink.




Everything that will happen, can happen, otherwise it won't Wink

Anyway: Yay to a gold standard. Bitcoin is superior, but still gold is a lot better than vacuum and a vast amount of nothingness.
donator
Activity: 2772
Merit: 1019
October 19, 2013, 04:12:50 PM
VisionVictory made quite an awesome Bitcoin propaganda video explaining bitcoin to the metal-head-crowd:
http://www.youtube.com/watch?v=T_hBhymFfm8
Do you happen to have the link to the James Rickards interview?
yep: http://www.youtube.com/watch?v=fVOmVbHtz1k
and it's really good, too. I'll definitely read his upcoming book. If you haven't read "currency wars", it's probably good to read it beforehand in case you plan to read the new one.
oh and he has a message for us at the end:
Quote from: Rickards
The governments watching everything you do. So, if you're in bitcoin,... enjoy it, but don't kid yourself and think the government's not watching.
Thanks !
http://goldsilverworlds.com/economy/the-ongoing-depression-will-force-a-return-to-the-gold-standard/

thanks for that link, since it transcribes many of the important parts of the interview (too bad they didn't include "Bitcoin")

funny how "will" got edited to "could" later in the title, btw Wink.


legendary
Activity: 1204
Merit: 1002
Gresham's Lawyer
October 19, 2013, 03:40:35 PM
VisionVictory made quite an awesome Bitcoin propaganda video explaining bitcoin to the metal-head-crowd:
http://www.youtube.com/watch?v=T_hBhymFfm8
Do you happen to have the link to the James Rickards interview?
yep: http://www.youtube.com/watch?v=fVOmVbHtz1k
and it's really good, too. I'll definitely read his upcoming book. If you haven't read "currency wars", it's probably good to read it beforehand in case you plan to read the new one.
oh and he has a message for us at the end:
Quote from: Rickards
The governments watching everything you do. So, if you're in bitcoin,... enjoy it, but don't kid yourself and think the government's not watching.
Thanks !
http://goldsilverworlds.com/economy/the-ongoing-depression-will-force-a-return-to-the-gold-standard/
legendary
Activity: 1638
Merit: 1001
₪``Campaign Manager´´₪
October 19, 2013, 02:45:00 PM
VisionVictory made quite an awesome Bitcoin propaganda video explaining bitcoin to the metal-head-crowd:
http://www.youtube.com/watch?v=T_hBhymFfm8
Do you happen to have the link to the James Rickards interview?
yep: http://www.youtube.com/watch?v=fVOmVbHtz1k
and it's really good, too. I'll definitely read his upcoming book. If you haven't read "currency wars", it's probably good to read it beforehand in case you plan to read the new one.
oh and he has a message for us at the end:
Quote from: Rickards
The governments watching everything you do. So, if you're in bitcoin,... enjoy it, but don't kid yourself and think the government's not watching.
Thanks !
legendary
Activity: 4760
Merit: 1283
October 19, 2013, 02:36:11 PM
...
oh and he has a message for us at the end:

Quote from: Rickards
The governments watching everything you do. So, if you're in bitcoin,... enjoy it, but don't kid yourself and think the government's not watching.


I'd trust Rickards on this one.  He's likely in a good position to know.  I've assumed this from (my personal) zero-day in Bitcoin-land.  For this reason, I plan to cross all my 'i's and cross all my 't's in any interactions.  Indeed, I am now only willing to do formal paper transactions for values in excess of $10,00.00 so I cannot be (falsely) charged with 'structuring' if the powers that be decide to bring the hammer down.

I bet that a lot of people who came out on top in Bitcoin speculation are going to throw away a good thing by trying to avoid the Feds and their maddeningly unfair but very real implementations of capital control.

donator
Activity: 2772
Merit: 1019
October 19, 2013, 11:07:41 AM
VisionVictory made quite an awesome Bitcoin propaganda video explaining bitcoin to the metal-head-crowd:

http://www.youtube.com/watch?v=T_hBhymFfm8
Do you happen to have the link to the James Rickards interview?


yep: http://www.youtube.com/watch?v=fVOmVbHtz1k

and it's really good, too. I'll definitely read his upcoming book. If you haven't read "currency wars", it's probably good to read it beforehand in case you plan to read the new one.

oh and he has a message for us at the end:

Quote from: Rickards
The governments watching everything you do. So, if you're in bitcoin,... enjoy it, but don't kid yourself and think the government's not watching.
legendary
Activity: 1764
Merit: 1002
October 19, 2013, 06:01:51 AM
Gold collapsing. Bitcoin UP.
hero member
Activity: 784
Merit: 1000
October 18, 2013, 08:45:30 PM
So Gox USD price broke the 6 month high, right before it is not. And the bitstamp price is offically above $150, during a weekend.

Did the bears finally realize it is not a drill?




legendary
Activity: 1008
Merit: 1000
October 18, 2013, 04:29:58 PM
This BTC rally.

Can you feel it? http://www.youtube.com/watch?v=yWAiNTxXfa8

Haven't listened to this one since April. I think I may have even posted it in this thread somewhere.
legendary
Activity: 1400
Merit: 1013
October 18, 2013, 03:25:54 PM
Damn, as I was uploading the screenshot we blew right past that into a new high.

As far as this game of keeping track of old highs goes, nothing interesting happens now until $187.50.
legendary
Activity: 1400
Merit: 1013
October 18, 2013, 03:25:29 PM
Now we've seen $166.88529 today, which is an intra-day high that has only been exceeded four days in history.

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