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Topic: Gold collapsing. Bitcoin UP. - page 1295. (Read 2032274 times)

hero member
Activity: 810
Merit: 1000
June 21, 2013, 12:27:41 AM
any reputable BTC for gold/silver bullion (not coins) sellers recommendations?
hero member
Activity: 810
Merit: 1000
June 21, 2013, 12:26:52 AM
Buying local gold soon Cool

Wife is a happy wife.

yeah but didnt make a motza on BTC...*just jealous*  Sad
legendary
Activity: 1904
Merit: 1002
June 21, 2013, 12:23:47 AM
But we don't know what Ben can do, whe can not read his mind or see his tarot cards, so hyperinflation is also possible.

Sure we can... review the press conference.  Every time he mentions downside risk his voice cracks and he looks like he wants to cry.  It is written all over his face.  The other thing I noticed is that he threw in we are ready to taper or INCREASE easing as necessary.  The markets are starting to play chicken with him instead of dutifully following along.

Playing chicken?? lol they have been trying to play chicken since 2010 but bears got
crushed. You cant mess with the fed.. The feds free money has been propping up the market esp likes of jpm who has infinite spending power. Any idiot would be foolish to think they would let the jig up that wallstreet tries to hide so well.

So you believe it is possible to centrally manage an economy?  Interesting perspective in the face of historical evidence.

And yes, the Fed has been playing chicken with the markets, but now the tables have turned and it is the markets playing with Ben.
legendary
Activity: 2044
Merit: 1005
June 21, 2013, 12:13:52 AM
But we don't know what Ben can do, whe can not read his mind or see his tarot cards, so hyperinflation is also possible.

Sure we can... review the press conference.  Every time he mentions downside risk his voice cracks and he looks like he wants to cry.  It is written all over his face.  The other thing I noticed is that he threw in we are ready to taper or INCREASE easing as necessary.  The markets are starting to play chicken with him instead of dutifully following along.

Playing chicken?? lol they have been trying to play chicken since 2010 but bears got
crushed. You cant mess with the fed.. The feds free money has been propping up the market esp likes of jpm who has infinite spending power. Any idiot would be foolish to think they would let the jig up that wallstreet tries to hide so well.
legendary
Activity: 1372
Merit: 1000
June 21, 2013, 12:11:01 AM
Sure we can... review the press conference.  Every time he mentions downside risk his voice cracks and he looks like he wants to cry.  It is written all over his face.  The other thing I noticed is that he threw in we are ready to taper or INCREASE easing as necessary.  The markets are starting to play chicken with him instead of dutifully following along.
^ This.

It looks to me he was testing the water and now it's just a game of children.
Who knows what comes next he could have regulatory tricks in reserve.

Anyway I love how cracking down on XBT USD exchange interfaces tends to spike the price.
legendary
Activity: 1904
Merit: 1002
June 20, 2013, 11:20:41 PM
But we don't know what Ben can do, whe can not read his mind or see his tarot cards, so hyperinflation is also possible.

Sure we can... review the press conference.  Every time he mentions downside risk his voice cracks and he looks like he wants to cry.  It is written all over his face.  The other thing I noticed is that he threw in we are ready to taper or INCREASE easing as necessary.  The markets are starting to play chicken with him instead of dutifully following along.
hero member
Activity: 784
Merit: 1000
June 20, 2013, 09:23:33 PM
Gold Collapsing today is like Nazis at the gate of Moscow.
Or Nazis at the Battle of the Bulge.

Both were running on fumes of gasoline to run their attacks.
The fumes run out, the triumph become a rout.

The fat lady is not on the stage yet.

Last time I checked, the Russians did not win against the Germans for 12 years in a row.

It's the gold that is out of gasoline.
legendary
Activity: 3920
Merit: 2349
Eadem mutata resurgo
June 20, 2013, 08:53:38 PM
relevant,
http://www.cnbc.com/id/100641133

Quote
Many gold producers will struggle to stay afloat if the gold price slumps below $1,200 analysts have told CNBC, potentially putting the gold mining industry at severe risk beyond 2017, according to Goldman Sachs predictions.

This is the same signal I use to buy bitcoins and gold, silver, copper (zinc and nickel also) ... when price get near, at or below cost of production monetary goods are a steal Smiley .... dyodd.

how far below $1200 in your estimation is a steal?

Well, at $1180 it is 10% bargain, at $900 it is 25% off bargain, at $600 it is a 50% c.o.p. off bargain ... pretend you are buying that latest pair of shoes you have always wanted and go shopping for money in that frame of mind. Money is a deferred purchase of a real good that you want/need so try to put yourself into the future when turning that money into real goods when buying the money (deferred purchase) itself, and you might get a bargain at both ends, i.e. twice the bargain Smiley.
sr. member
Activity: 392
Merit: 250
♫ A wave came crashing like a fist to the jaw ♫
June 20, 2013, 08:23:58 PM
bitcoin up, everything else down?

is this it? the great credit contraction?

I feel something big happening...

A hyperdeflation event (in dollar prices), and hyper inflation everywhere else, all fiat except dollar failing, is certainly conceivable. But we don't know what Ben can do, whe can not read his mind or see his tarot cards, so hyperinflation is also possible.

we dont need to read his mind, the fomc meeting concluded today and well... look at the markets reaction, most major indeces down 2+% today
sr. member
Activity: 280
Merit: 250
June 20, 2013, 08:20:22 PM
bitcoin up, everything else down?

is this it? the great credit contraction?

I feel something big happening...

A hyperdeflation event (in dollar prices), and hyper inflation everywhere else, all fiat except dollar failing, is certainly conceivable. But we don't know what Ben can do, whe can not read his mind or see his tarot cards, so hyperinflation is also possible.
sr. member
Activity: 392
Merit: 250
♫ A wave came crashing like a fist to the jaw ♫
June 20, 2013, 08:10:36 PM
relevant,
http://www.cnbc.com/id/100641133

Quote
Many gold producers will struggle to stay afloat if the gold price slumps below $1,200 analysts have told CNBC, potentially putting the gold mining industry at severe risk beyond 2017, according to Goldman Sachs predictions.

This is the same signal I use to buy bitcoins and gold, silver, copper (zinc and nickel also) ... when price get near, at or below cost of production monetary goods are a steal Smiley .... dyodd.

how far below $1200 in your estimation is a steal?
legendary
Activity: 3920
Merit: 2349
Eadem mutata resurgo
June 20, 2013, 08:06:47 PM
relevant,
http://www.cnbc.com/id/100641133

Quote
Many gold producers will struggle to stay afloat if the gold price slumps below $1,200 analysts have told CNBC, potentially putting the gold mining industry at severe risk beyond 2017, according to Goldman Sachs predictions.

This is the same signal I use to buy bitcoins and gold, silver, copper (zinc and nickel also) ... when price get near, at or below cost of production monetary goods are a steal Smiley .... dyodd.
sr. member
Activity: 392
Merit: 250
♫ A wave came crashing like a fist to the jaw ♫
June 20, 2013, 07:59:30 PM
relevant,
http://www.cnbc.com/id/100641133

Quote
Many gold producers will struggle to stay afloat if the gold price slumps below $1,200 analysts have told CNBC, potentially putting the gold mining industry at severe risk beyond 2017, according to Goldman Sachs predictions.
sr. member
Activity: 434
Merit: 250
June 20, 2013, 07:51:21 PM
Gold is still falling.

Just to be sure you don't forget.  Grin
sr. member
Activity: 448
Merit: 250
June 20, 2013, 07:33:49 PM
WTF, guys?

How cute is this? Gold and Silver Tanking HardCore
Silly Adamstgbit thinks gold and silver's recent downturn is TOO "HARDCORE" for this thread, and needs its own thread!
Let's show him who's boss --- the ORIGINAL "Gold collapsing. Bitcoin UP" hangout can handle this situation, no matter how hot it gets.
 Angry Angry Angry Angry Angry Angry Angry Angry
legendary
Activity: 1316
Merit: 1005
June 20, 2013, 06:13:12 PM
DZZ and ZSL launched.

All well and good until the funds held in the system cannot be accessed. What would happen if all of your email providers locked you out and wouldn't let you get your messages?

This is why physical. Illusions of fear have no bearing on the underlying reality. Hopefully Bitcoin and Bitmessage remain readily accessible.

As molecular pointed out, China may have blown a gasket - likely triggered by the HKMex failure. What is on the table is ostracism. The US, along with a few other western nations, seems to be in imminent danger of being marginalized in international trade and experiencing high velocity influx of hot money flows. In other words: explosive inflation.

Things seem copacetic before the backdraft hits.

Quote
If firefighters discover a room pulling air into itself, for example through a crack, they generally evacuate immediately, because this is a strong indication that a backdraft is imminent.

...

Backdrafts are very dangerous, often surprising even experienced firefighters.

This is the situation the Fed caused, and is now attempting to manage. The appropriate action will no longer work due to the sheer magnitude of the problem; it must run its course.
sr. member
Activity: 453
Merit: 254
June 20, 2013, 05:47:00 PM
Gold Collapsing today is like Nazis at the gate of Moscow.
Or Nazis at the Battle of the Bulge.

Both were running on fumes of gasoline to run their attacks.
The fumes run out, the triumph become a rout.

The fat lady is not on the stage yet.
legendary
Activity: 1834
Merit: 1019
June 20, 2013, 05:38:38 PM
chinese interbank rate "shibor" shot to 12% yesterday. there might've been a bank failure.

it might not be big yet...

about gold/silver: yes. I hope they will force it down quite a bit more without drying the physical market.

I want my 1 oz gold / BTC!


they've been hiding/manipulating data for years, I can only imagine what the slip of bank failure rumors would mean behind the curtains
donator
Activity: 2772
Merit: 1019
June 20, 2013, 05:35:51 PM
bitcoin up, everything else down?

is this it? the great credit contraction?

feel something big happening...

I don't think it is big but it is coordinated.

I think the USD's stuck in GOX are withdrawing XBT. - Bitcoin is up.

The Fed's QE punch bowl may dry up - sort of  a last call this party may end - we just wanted to know where the after party is. - DOW down.

Gold is down - as about 2/3 is reportedly fiat gold and investment banks need to buy the real gold they borrowed - pump and dump coordinated with the QE may be slowing announcement,  sort of get out on the rumor and into gold so we can get out clean - gold still down

Silver is being manipulate to cover JP Morgan's futures. - silver down,

chinese interbank rate "shibor" shot to 12% yesterday. there might've been a bank failure.

it might not be big yet...

about gold/silver: yes. I hope they will force it down quite a bit more without drying the physical market.

I want my 1 oz gold / BTC!
legendary
Activity: 1372
Merit: 1000
June 20, 2013, 05:12:10 PM
bitcoin up, everything else down?

is this it? the great credit contraction?

feel something big happening...

I don't think it is big but it is coordinated.

I think the USD's stuck in GOX are withdrawing XBT. - Bitcoin is up.

The Fed's QE punch bowl may dry up - sort of  a last call this party may end - we just wanted to know where the after party is. - DOW down.

Gold is down - as about 2/3 is reportedly fiat gold and investment banks need to buy the real gold they borrowed - pump and dump coordinated with the QE may be slowing announcement,  sort of get out on the rumor and into gold so we can get out clean - gold still down

Silver is being manipulate to cover JP Morgan's futures. - silver down.

Bitcoin would be way up if the market was rational. 



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