That's incredible.
Double Digit Bitcoins, Triple Digit Gold?
50% done. Double Digit Bitcoins, Triple Digit Gold?
Let's wait for the inverse to happen.
triple digit gold and quadruple digit bitcoins.
Topic: Gold collapsing. Bitcoin UP. - page 1287. (Read 2032274 times)
Let's wait for the inverse to happen.
triple digit gold and quadruple digit bitcoins.
That's incredible.
Double Digit Bitcoins, Triple Digit Gold?
50% done. Double Digit Bitcoins, Triple Digit Gold?
. Not a silver to its gold, but a bond to its stock.
IMO that would be the economy spending on goods and services or investing in providing them. (or fiat if you don't mind leaving the XBT ecosystem)
Or, a sister crypto with an inflation rate driven by Bitcoin Difficulty, with proof of stake.
1. How are new coins distributed with proof of stake?
2. What happens when difficulty goes down?
. Not a silver to its gold, but a bond to its stock.
IMO that would be the economy spending on goods and services or investing in providing them. (or fiat if you don't mind leaving the XBT ecosystem)
OK so Gold is collapsing, where is Bitcoin?
I really want to know what is going on in the dark pools. Are there any clues that someone is accumulating without us knowing? Was there any abnormal activity when the winklevossi bought their 1%? I know it wasn't until some long length of time after their purchase when they announced they owned their stake.
1990s levels adjusted to inflation? OK, let's use the inflation figures for food and energy prices only 
Silly people and their ever-trusting attitude towards the indexes chosen to calculate inflation, by the super-smart college-educated economists whose job it is to make inflation appear <2% so their media and thinktank paylords are happy. It's not like they have a dog in the fight or anything.... Argentina 10% anyone? Anyone? Really? Wait... Chodpapa, so you're telling me, that you won't buy my ARP for 10% less USD than they cost last year? You want 27%, or maybe 42%? I thought inflation... I thought... I thought... BAHHH.
Heck, why don't we go back to 1913's prices adjusted for inflation of the USD cost of a barrel of oil? I wouldn't mind that either... Ok, I have to go slap my knee.
Silly people and their ever-trusting attitude towards the indexes chosen to calculate inflation, by the super-smart college-educated economists whose job it is to make inflation appear <2% so their media and thinktank paylords are happy. It's not like they have a dog in the fight or anything.... Argentina 10% anyone? Anyone? Really? Wait... Chodpapa, so you're telling me, that you won't buy my ARP for 10% less USD than they cost last year? You want 27%, or maybe 42%? I thought inflation... I thought... I thought... BAHHH.
Heck, why don't we go back to 1913's prices adjusted for inflation of the USD cost of a barrel of oil? I wouldn't mind that either... Ok, I have to go slap my knee.
All y'all waiting for the mythical permanent backwardation of gold?
I am here to tell you that it is not going to happen. There may be a normal backwardation, but the New Austrian theories for permanent backwardation are predicated on gold being a special class of commodity with magical powers.
The reason that will not play out is that what we are actually seeing is gold reverting to an ordinary commodity with no magical powers. The investment demand is eroding, and what will be left is pricing based on regular supply and demand. This means that pricing will revert to mid 1990's levels adjusted for inflation. $400/oz gold and $6/oz silver.
I am here to tell you that it is not going to happen. There may be a normal backwardation, but the New Austrian theories for permanent backwardation are predicated on gold being a special class of commodity with magical powers.
The reason that will not play out is that what we are actually seeing is gold reverting to an ordinary commodity with no magical powers. The investment demand is eroding, and what will be left is pricing based on regular supply and demand. This means that pricing will revert to mid 1990's levels adjusted for inflation. $400/oz gold and $6/oz silver.
OK so Gold is collapsing, where is Bitcoin?
On a side note, imagine what will happen when crypto are included in commercial futures
The mother of all bubbles.
All y'all waiting for the mythical permanent backwardation of gold?
I am here to tell you that it is not going to happen. There may be a normal backwardation, but the New Austrian theories for permanent backwardation are predicated on gold being a special class of commodity with magical powers.
The reason that will not play out is that what we are actually seeing is gold reverting to an ordinary commodity with no magical powers. The investment demand is eroding, and what will be left is pricing based on regular supply and demand. This means that pricing will revert to mid 1990's levels adjusted for inflation. $400/oz gold and $6/oz silver.
I am here to tell you that it is not going to happen. There may be a normal backwardation, but the New Austrian theories for permanent backwardation are predicated on gold being a special class of commodity with magical powers.
The reason that will not play out is that what we are actually seeing is gold reverting to an ordinary commodity with no magical powers. The investment demand is eroding, and what will be left is pricing based on regular supply and demand. This means that pricing will revert to mid 1990's levels adjusted for inflation. $400/oz gold and $6/oz silver.
I think we're just waiting for permanent backwardation of crypto
On a side note, imagine what will happen when crypto are included in commercial futures contracts
Someone asked for the bottom for silver and gold? $0.
As in "non-existent." There will be no trade between silver/gold and fiat currencies, once the fiat currencies collapse.
It's like asking what the exchange rate is between a speck of dust and a shovel. Ain't none. The shovel can at least dig a hole but what can the dust do?
EDIT: Yes backwardation conspiracy theories. Can't help myself
I just don't have as much faith in the central banksters as y'all do, to think that gold and silver are just worthless barbarous relics (yet still held in vast amounts in CB vaults around the world, with many still buying.)
As in "non-existent." There will be no trade between silver/gold and fiat currencies, once the fiat currencies collapse.
It's like asking what the exchange rate is between a speck of dust and a shovel. Ain't none. The shovel can at least dig a hole but what can the dust do?
EDIT: Yes backwardation conspiracy theories. Can't help myself
I just don't have as much faith in the central banksters as y'all do, to think that gold and silver are just worthless barbarous relics (yet still held in vast amounts in CB vaults around the world, with many still buying.)
That's some epic music!
Bring it in the wall watcher thread.
Bring it in the wall watcher thread.
And again!
Gold below 1200.
Very close to gold production price. very very close
Imho effect of production price on the gold price doesn't matter that much in the short run. It's important obviously, but I have the feeling that some gold bugs (I consider myself to be one) think that the price will magically rebound at the cost of production. But the amount of metal already mined is pretty big vs the new supply. What will 10% less supply per year do versus other factors such as QE etc. ? The more costly mines will shut down and the average cost of mined gold will go down, all else being equal (and supply will drop some, obviously).
today silver is holding better that gold I wonder if the push to 1200 on gold was to trigger stops. the ration want to 66.3
Gold below 1200.
Very close to gold production price. very very close
Gold below 1200.
For the record, if I held DZZ or other good short positions, I would liquidate all of them tomorrow.
must be some sort of subliminal capitulation
Of sorts
The risks of remaining in the system exceeded my threshold late last year.
I strongly suspect another Lehman event took place at the end of May. If the effects of whatever occurred had not been temporarily averted, I believe we would've seen a widespread banking failure. Since that has been averted, there must have been a heavy cost - far greater than that of 2008 was. The results cannot be far off.
Because of that, squeezing an extra 10-20% or more out of the short paper play simply doesn't hold greater weight than the danger of unrealized gains being frozen and potentially lost entirely if left in the system. Deteriorating trust at the highest levels trickles down - those lower down may be trapped if they remain connected.
I should've added that I'd be removing profits by acquiring physical metals, bitcoins, and as many real assets as I could get my hands on that have as little contractual necessity as possible between myself and direct possession.
I'm not that sophisticated.
All I know is that it was a down-trend and I got out.
All I know is that it was a down-trend and I got out.
Ahhhh. I'm catching the falling knives, buying increments on the way down. Which is tough when your premise for the trade expects the eventual upturn to be violent.
Your position is a bit less stressful
I'm not that sophisticated.
All I know is that it was a down-trend and I got out.
All I know is that it was a down-trend and I got out.
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