Topic: Gold collapsing. Bitcoin UP. - page 1301. (Read 2032274 times)

No. Most silver comes out as a byproduct of other mining and costs below $4 bucks to mine. Indeed there are some mines that cost $15 or more to mine an oz but those are few and far in between. Any price above $2 (two bucks) is profitable for mining companies. Lets not forget that in 2002 silver was $4 bucks and it was very profitable to mine it then. Nothing has changed since!

i bought a very large amount (for me) at $22.

I'm waiting for $18.XX to add some, and then $13 to add a lot more.

Comparison of bitcoin and gold starting on bitcoins birthday "14 December 2009", as it is Satoshis last post here. You could argue that he considered it job done on that day and it can stand on its one from now on.
1/10 Once Gold was 112 Dollar on that day, today its 138. Bitcoins is 109 at screen-grap time. Its Daily closing price chart.

the reason nobody's commenting is b/c they're in shock.

 This may be why nobody's commenting. 

Is SLV decoupling?  Kitco showing 21.65...

Also its pretty hard to read the graphs you post & I'm on a "traditional" computer.  This may be why nobody's commenting.  Maybe fool with the font sizes or just describe the graph at the top so we don't have to try to read it in the image.

Thx!

It's done wonders for my attitude about...well...everything. 

When in doubt, and sitting on a huge pile of PM's and cryptocurrencies, do nothing SOMETHING ELSE PRODUCTIVE W/ YOUR LIFE.

I don't think they dollar will ever be as strong as you think it will to get silver to $5.

i bought a very large amount (for me) at $22.

I'm waiting for $18.XX to add some, and then $13 to add a lot more.

Sadly much of the reason Bitcoin isn't yet recognized as a mobile (teleportable & hide-able) store of wealth for HNWI is due to misunderstanding within the Bitcoin community itself. People advertize Bitcoin as money and as a medium of exchange and discourage "speculation" without making a distinction between short-term trading for fiat profit and safe-haven wealth protection / long-term investing.

In actual fact, given capital controls and unforseeable events that may force anyone to vacate their country of residence in a hurry (or be wrongfully arrested, etc.), a person of sufficient wealth would have to be a fool not to have a few bitcoins stashed away - assuming the person simply understood Bitcoin. In such circumstances, 5% of your wealth in a brainwallet could mean the difference between a ruined life and a temporary return to a lower standard of living.

Here's the narrative I'd like to be the common Bitcoin community wisdom, because it's true:

"Although at least one solid medium-of-exchange use may have been necessary for bitcoins to become valued when no one knew about or trusted them, with probably over a million users that train has left the station. Bitcoin's functionality as a teleportable and secret store of value is currently its most compelling use for wealthy people, since it is a highly sought-after capability (or would be if people knew such science-fiction-level thing is now possible) provided by no other asset. The consistently extraodinary year-on-year growth is just icing on the cake."

Bitcoin is the ultimate offshore account, and it happens to be experiencing incredible growth as a bonus - more than enough to offset volatility on a yearly timescale.