Topic: Gold collapsing. Bitcoin UP. - page 1298. (Read 2032274 times)

Gold collapsing.  Bitcoin up.

volume tells me we are at a bottom on that chart

I took one look at their forum and it somehow reminded me of later episodes of Seinfeld...

Like "is this for real?  or is it all tongue-in-cheek??"  Not quite sure what to think of GLDCOIN lol   

Broke $1350, $1347 now, if we get much lower, I swear those 1/10ozt Ron Paul gold coins are going to start winking at me... 

Oh, almost forgot...
Gold COLLAPSING (again.) Bitcoin stable.

Yeah, screw Real Gold, I mean look at that ETF chart, DEFINITELY a bubble/worthless asset - I'm going to invest in GOLD COIN instead!

 

(Lemme guess: Scammy alt-coin, copypasta of Bitcoin-qt?)

actually, let me put the chart of the GDXJ junior mining ETF into full perspective since it's inception in Nov 2009.  here is the 5 yr chart encompassing it's complete history.

utter destruction:

Real Gold? I don't know why real Gold has much to do with bitcoin, but I don't know everything.

I am hoping Goldcoin goes up. https://bitcointalksearch.org/topic/gold-coin-glc-info-thread-the-gold-standard-of-digital-currency-new-thread-231834

miscreanity,

iz it tim yet?:

DZZ and ZSL liftoff.

Gold collapsing. Bitcoin up.

They should not have a max leverage or be barred from placing naked shorts. They should simply be unregulated and not propped up if what they're doing fails.
Before the days of government controlling financial markets, banks could leverage 100-to-1, sure. They could leverage 1000-to-1. They could issue all the paper "silver" certs they wanted that were not backed up actual silver in a vault. How long can these banks last? Not long. They can probably get really big really fast, then fail just as quickly. So a lot of people would lose their money; and that is good - they shouldn't have trusted a counterparty so much and now they learned their expensive lesson.
Now, we have regulations specifically allowing banks to do these things, and then we have regulations (dodd-frank etc) that require bailouts and put the burden on either taxpayers or deposit holders (FDIC/ECB jointly authored formal strategy paper on deposit confiscation.)
All we have to do is let the economy work the way it was designed to work - based on market forces. But people think this is the way the PM market is "supposed to work" - i.e. positions in paper bigger than the entire physical volume - so they go along with it because the government allows it. It's an epidemic of trusting the government too much. So what we have here is basically "gold futures" and "gold futures," but one is called "gold." Or maybe futures isn't the correct description; it's some weird ponzi derivative scheme. Physical gold price isn't actually being treated as what it is.

A lot of good my silver will do in your vault. I'd rather have it in my own safe

Famous last words?

2008 showed that any correlation can break even paper vs physical gold.

All this was was jpm and hooligan friends selling taking stop losses and protecting wildly large paper shorts. A position size larger than any amount of physical gold available in all pf the world. It is this power that the govt isnhappy giving to us criminals such as jpm.

This is why i hate us banks and policy makers so much they tarnish a great country. Speculation should have a max leverage and jpm shouldnt br allowed to place naked shorts.

Yeah that bear still has something left; possibly a bit more than the silver bulls expect. But I don't think the market's quite comfortable with sub-$22 at least for a little while.

I guess if I had paper, not real silver, I would be "comfortable" at any price. But real silver this volatile is crazy! I mean, they could just leverage 10x more and shoot silver down to $5 with paper sales. Methinks they're playing it safe. That recent takedown did a lot to illustrate the "paper vs. physical" issue which a lot of people still don't quite understand.

silver's chart looks like an angry greedy bear... not buying yet.

Check out Silvervault, there you can buy physical real easy. In 2 months we update funding your acct w/ bitcoin, so then you can switch gold-silver-btc-euro inside one service. The gold, silver and bitcoins are 100% physical in our vault (as an added bonus ).

Prepare for launch!

Gold dying. Bitcoin birthing!

Bitcoin breakout!    Gold...blah.

the silverbox update (comparison from the beginning of this thread, March 13th, 2012, gold=1690, nasdaq=3055, Bitcoin=5.4):
Bitcoin is 110.00.  Gold is 1366.00.  Nasdaq is 3467.00
Bitcoin: 1937.04%
Gold:    -19.17%
Nasdaq:  13.49%

Gold:  2420% advantage Bitcoin
Nasdaq:  1695% advantage Bitcoin