Topic: Gold collapsing. Bitcoin UP. - page 1270. (Read 2032274 times)
Gold down, Bitcoin up.
If the US defaults bond prices will go up if what happened when the US was downgraded is any indication
What should happen is that PMs get more expensive. I hold Bitcoin to get me rich (or as I call it, financially independent of labor). I hold no gold because I have no way to assign a value to it and it's mostly an inflation hedge. Stocks suit me much better for that purpose. I cannot precisely put a value on Bitcoin as well, but I'm sure that is way WAY higher than it is today.
This may seem counter-intuitive. But it is what happened, the bond prices went up, and rates down. Possibly this was because of the way that it was pre-pre-announced then pre-announced and so the reaction was fairly well choreographed. It was made to seem that if the US T-bill wasn't safe than nothing is safe.
None of the central banks really want the US Dollar to fail suddenly, they seem happier with the slow decline. If there was a missed bond payment, and technical default (resulting perversely from a congressional effort to cut spending and reduce debt and improve the bond values) who knows what would happen, but I suspect it wouldn't be more bond buying.
Why? If the US defaults, gold would probably collapse along with everything else.
Exactly, it would fall like a rock, because at the end of the day you can't eat it, heat your house or fill up the car and lots of people offer it, to buy daily needs. Its true value comes after a crises is over. In the absent s of functional Banks any large buy would require some accepted collateral. Nothing else has thousands of years of proven record, only PM's.Bitcoin on the other hand will most likely spike initially, how it preforms in the long run is pure speculation. It really depends how long or severe any crisis is. In a worst case scenario without communication or power you can not spent them. The longer the current system remains on live-support the better for bitcoin and its price.
Make no mistake the future certainly is with crypto-currencies, but in may opinion it will be wide spread. Different communities will use different money for the same reason they done so in the past.
With PM's you won't get rich, but they may save your arse. With Bitcoins you could get rich, but they want save your arse.
Diversify and look beyond cash, gold and bitcoins.
If the US defaults bond prices will go up if what happened when the US was downgraded is any indication
What should happen is that PMs get more expensive. I hold Bitcoin to get me rich (or as I call it, financially independent of labor). I hold no gold because I have no way to assign a value to it and it's mostly an inflation hedge. Stocks suit me much better for that purpose. I cannot precisely put a value on Bitcoin as well, but I'm sure that is way WAY higher than it is today.
Why? If the US defaults, gold would probably collapse along with everything else.
Exactly, it would fall like a rock, because at the end of the day you can't eat it, heat your house or fill up the car and lots of people offer it, to buy daily needs. Its true value comes after a crises is over. In the absent s of functional Banks any large buy would require some accepted collateral. Nothing else has thousands of years of proven record, only PM's.Bitcoin on the other hand will most likely spike initially, how it preforms in the long run is pure speculation. It really depends how long or severe any crisis is. In a worst case scenario without communication or power you can not spent them. The longer the current system remains on live-support the better for bitcoin and its price.
Make no mistake the future certainly is with crypto-currencies, but in may opinion it will be wide spread. Different communities will use different money for the same reason they done so in the past.
With PM's you won't get rich, but they may save your arse. With Bitcoins you could get rich, but they want save your arse.
Diversify and look beyond cash, gold and bitcoins.
Hudes says something about 140,000 tons of gold in vaults on Hawaii. Any merit to this?
In an earlier interview (Karen Hudes (formerly world bank): we need to get new currency like BTC ready) she said something about the stash of the Vatican being much larger than generally thought.
And what's that about american tax dollar going to the UK and then the Vatican?
I'd not heard of the woman until this vid, but she seems to be in circulation on the various fringe outlets. I was not terribly impressed. For one, she and the various hosts seemed to have some trouble communicating and she does not really seem to follow through with coherent ideas very well. For two, she seems not to back up much of what she says with compelling evidence. Or any at all really. She tripped my fraud detector circuits more than most people, but I'm often fooled one way or another on such things.
As for the gold thing, I have a little trouble believing that her numbers and pretty much all of the other analysts are so divergent.
---
Separately, the other day I got to thinking about a new facility belonging to the US (in Oak Ridge IIRC) which generates neutrons without an atomic pile. Generally one transmutates elements by placing them inside of a reactor for neutron bombardment which is laborious and expensive. Also, someone proposes a decay chain from Hg-196 which seems plausible and interesting:
http://www.straightdope.com/columns/read/3067/can-we-now-transmute-base-substances-into-gold
http://en.wikipedia.org/wiki/Spallation_Neutron_Source
Hudes says something about 140,000 tons of gold in vaults on Hawaii. Any merit to this?
In an earlier interview (Karen Hudes (formerly world bank): we need to get new currency like BTC ready) she said something about the stash of the Vatican being much larger than generally thought.
And what's that about american tax dollar going to the UK and then the Vatican?
so the subject of this thread is expected to persist, and go on, right?
what the gurus say?
what the gurus say?
Why? If the US defaults, gold would probably collapse along with everything else.
really?
i would of thought gold would rocket like crazy
without the USD, what would counties use to trade, they have already started to make deals to by pass the USD and directly swap their own currencies + some gold
It will rocket, but first, cash will be king for a bit.
I figure doc will really like this graph. http://imgur.com/xSOW1NG
Why? If the US defaults, gold would probably collapse along with everything else.
really?
i would of thought gold would rocket like crazy
without the USD, what would counties use to trade, they have already started to make deals to by pass the USD and directly swap their own currencies + some gold
Why? If the US defaults, gold would probably collapse along with everything else.
Hopefully DPR used an m-of-n method, or chose a truly random key/passcode to secure the wallet.
Ah yes, that would really help him in exchange for a lifetime in jail. And it will surely help his relations with his inmates, some of them who may get out of jail again, given that the only thing standing between them and potentially 80 million worth of assets is a little "convincing". 
Btw, I guess you're short gold again cypher?
good intuition. yep, back in.
USA less then 9 days away from default ( no really, but still... ) and cypherdoc shorts gold!!!
this guy has BALLS!
Hopefully DPR used an m-of-n method, or chose a truly random key/passcode to secure the wallet.
Ah yes, that would really help him in exchange for a lifetime in jail. And it will surely help his relations with his inmates, some of them who may get out of jail again, given that the only thing standing between them and potentially 80 million worth of assets is a little "convincing". Btw, I guess you're short gold again cypher?
good intuition. yep, back in.
Hopefully DPR used an m-of-n method, or chose a truly random key/passcode to secure the wallet.
Ah yes, that would really help him if he keeps them for a lifetime in jail. And it will surely help his relations with his inmates, some of them who may get out of jail again, given that the only thing standing between them and potentially 80 million worth of assets is a little "convincing". Btw, I guess you're short gold again cypher?
The DPR fallout continues.
While some wealthy individuals have hopped on board, it's still too new of a system for most as yet. This is where they, having thus far remained largely dismissive of Bitcoin, will really start to take notice. If Bitcoin continues to protect such a large amount of wealth from confiscation and taxation, there will be inflow. Hopefully DPR used an m-of-n method, or chose a truly random key/passcode to secure the wallet.
At the same time, the enormous dam holding precious metals back is crumbling rapidly. Of course, the gains in monetary metals will be less than Bitcoin because of the greater potential from growth of the latter. Regardless, diversification is a wise strategy.
While some wealthy individuals have hopped on board, it's still too new of a system for most as yet. This is where they, having thus far remained largely dismissive of Bitcoin, will really start to take notice. If Bitcoin continues to protect such a large amount of wealth from confiscation and taxation, there will be inflow. Hopefully DPR used an m-of-n method, or chose a truly random key/passcode to secure the wallet.
At the same time, the enormous dam holding precious metals back is crumbling rapidly. Of course, the gains in monetary metals will be less than Bitcoin because of the greater potential from growth of the latter. Regardless, diversification is a wise strategy.
are you still advising ppl to lose money?
This is gr8 news, slowly but surely we are winning over more and more PM folks, finally! they are starting to understand.
we need more real world examples of bitcoins gr8ness
quickly, everyone spam 1933phfhK3ZgFQNLGSDXvqCn32k2buXY8a with your own personal/anonymous message to the FBI
The DPR fallout continues.
While some wealthy individuals have hopped on board, it's still too new of a system for most as yet. This is where they, having thus far remained largely dismissive of Bitcoin, will really start to take notice. If Bitcoin continues to protect such a large amount of wealth from confiscation and taxation, there will be inflow. Hopefully DPR used an m-of-n method, or chose a truly random key/passcode to secure the wallet.
At the same time, the enormous dam holding precious metals back is crumbling rapidly. Of course, the gains in monetary metals will be less than Bitcoin because of the greater potential from growth of the latter. Regardless, diversification is a wise strategy.
While some wealthy individuals have hopped on board, it's still too new of a system for most as yet. This is where they, having thus far remained largely dismissive of Bitcoin, will really start to take notice. If Bitcoin continues to protect such a large amount of wealth from confiscation and taxation, there will be inflow. Hopefully DPR used an m-of-n method, or chose a truly random key/passcode to secure the wallet.
At the same time, the enormous dam holding precious metals back is crumbling rapidly. Of course, the gains in monetary metals will be less than Bitcoin because of the greater potential from growth of the latter. Regardless, diversification is a wise strategy.
are you still advising ppl to lose money?
The DPR fallout continues.
While some wealthy individuals have hopped on board, it's still too new of a system for most as yet. This is where they, having thus far remained largely dismissive of Bitcoin, will really start to take notice. If Bitcoin continues to protect such a large amount of wealth from confiscation and taxation, there will be inflow. Hopefully DPR used an m-of-n method, or chose a truly random key/passcode to secure the wallet.
At the same time, the enormous dam holding precious metals back is crumbling rapidly. Of course, the gains in monetary metals will be less than Bitcoin because of the greater potential from growth of the latter. Regardless, diversification is a wise strategy.
While some wealthy individuals have hopped on board, it's still too new of a system for most as yet. This is where they, having thus far remained largely dismissive of Bitcoin, will really start to take notice. If Bitcoin continues to protect such a large amount of wealth from confiscation and taxation, there will be inflow. Hopefully DPR used an m-of-n method, or chose a truly random key/passcode to secure the wallet.
At the same time, the enormous dam holding precious metals back is crumbling rapidly. Of course, the gains in monetary metals will be less than Bitcoin because of the greater potential from growth of the latter. Regardless, diversification is a wise strategy.
you guys don't even realize you're in big trouble; again:
Just finished watching it. Yeh bitcoin a force to reckon with says a World bank winstelblower and she is buying Gold and Bitcoin too.
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