Topic: Gold collapsing. Bitcoin UP. - page 1316. (Read 2032272 times)
Andrew Maguire on the Keiser Report: http://youtu.be/VVdHsAWDrAk?t=13m40s
Besides, buying physical silver in any form, scrap ok is the thing, if you can get it at spot. Buying gold - not so good right now.
Silver is not at all a thing here. I only know two places to get it and thais dont care about it at all.I am nearly always interested in buying physical silver at below LBMA. Sometimes I want to accumulate at the "standard" premium of 5-10%. Now is this time, since spot is crashed, and street price of 90% coin is 30% over. The arbitrage if you buy .999 silver at spot and sell 90% for 30% profit is glaring.
There is 100,000oz+ 90% silver in Silvervault, which has been accumulated for this very day that allows us to swap it to .999 for a nice gain (10,000-20,000 oz).
Too bad I am too busy to do much about it. But if you want to buy at dealer ask (spot+30%), it is there for grabs. If you want to sell silver at spot, just call me and arrange for the delivery to Northern EU, I can also buy silver in any form anywhere, PM me. If you have paper silver to sell at BELOW spot, PM me.
I can pay fiat, gold, bitcoin.
2,000oz minimum.
Besides, buying physical silver in any form, scrap ok is the thing, if you can get it at spot. Buying gold - not so good right now.
Silver is not at all a thing here. I only know two places to get it and thais dont care about it at all.I am nearly always interested in buying physical silver at below LBMA. Sometimes I want to accumulate at the "standard" premium of 5-10%. Now is this time, since spot is crashed, and street price of 90% coin is 30% over. The arbitrage if you buy .999 silver at spot and sell 90% for 30% profit is glaring.
There is 100,000oz+ 90% silver in Silvervault, which has been accumulated for this very day that allows us to swap it to .999 for a nice gain (10,000-20,000 oz).
Too bad I am too busy to do much about it. But if you want to buy at dealer ask (spot+30%), it is there for grabs. If you want to sell silver at spot, just call me and arrange for the delivery to Northern EU, I can also buy silver in any form anywhere, PM me. If you have paper silver to sell at BELOW spot, PM me.
I can pay fiat, gold, bitcoin.
gold and silver have been money for the last 3000 + years
So you are thinking the transition is happening at lighting speed, or are you saying it isn't happening because of the weighted average? 
gold and silver have been money for the last 3000 + years
the silverbox update (comparison from the beginning of this thread, March 13th, 2012, gold=1690, nasdaq=3055, Bitcoin=5.4):
Bitcoin is 162.83. Gold is 1425.00. Nasdaq is 3261.00
Bitcoin: 2915.37%
Gold: -15.68%
Nasdaq: 6.74%
Gold Diff: 3476% advantage Bitcoin and Growing
Nasdaq Diff: 2725% advantage Bitcoin and Growing[/b][/size]
Bitcoin is 162.83. Gold is 1425.00. Nasdaq is 3261.00
Bitcoin: 2915.37%
Gold: -15.68%
Nasdaq: 6.74%
Gold Diff: 3476% advantage Bitcoin and Growing
Nasdaq Diff: 2725% advantage Bitcoin and Growing[/b][/size]
that's a big number.
the silverbox update (comparison from the beginning of this thread, March 13th, 2012, gold=1690, nasdaq=3055, Bitcoin=5.4):
Bitcoin is 162.83. Gold is 1425.00. Nasdaq is 3261.00
Bitcoin: 2915.37%
Gold: -15.68%
Nasdaq: 6.74%
Gold Diff: 3476% advantage Bitcoin and Growing
Nasdaq Diff: 2725% advantage Bitcoin and Growing[/b][/size]
Bitcoin is 162.83. Gold is 1425.00. Nasdaq is 3261.00
Bitcoin: 2915.37%
Gold: -15.68%
Nasdaq: 6.74%
Gold Diff: 3476% advantage Bitcoin and Growing
Nasdaq Diff: 2725% advantage Bitcoin and Growing[/b][/size]
The guy saying he can't find gold bullion being sold in Bangkok by the ounce might be true.
We sell gold here in the unit called a "baht" it is just less than 1/2 a troy oz.
also 99.9% of the gold sold here is jewellery or small gold objects.
i could find 10,000,000 million dollars worth of gold in bkk in 30 mins. that guy is just misleading.
We sell gold here in the unit called a "baht" it is just less than 1/2 a troy oz.
also 99.9% of the gold sold here is jewellery or small gold objects.
i could find 10,000,000 million dollars worth of gold in bkk in 30 mins. that guy is just misleading.
You are right. Most of the analysts speak from that side of the mouth that gives them the best bonuses.
Besides, buying physical silver in any form, scrap ok is the thing, if you can get it at spot. Buying gold - not so good right now.
Meanwhile, Bitcoin's price is starting to rise again 
The guy saying he can't find gold bullion being sold in Bangkok by the ounce might be true.
We sell gold here in the unit called a "baht" it is just less than 1/2 a troy oz.
also 99.9% of the gold sold here is jewellery or small gold objects.
i could find 10,000,000 million dollars worth of gold in bkk in 30 mins. that guy is just misleading.
We sell gold here in the unit called a "baht" it is just less than 1/2 a troy oz.
also 99.9% of the gold sold here is jewellery or small gold objects.
i could find 10,000,000 million dollars worth of gold in bkk in 30 mins. that guy is just misleading.
I'd be curious as to a firsthand dealer experience, preferably recorded with video, or at least audio. The rapidity in which circumstances can change may be surprising. Store shelves get cleared out suddenly when an emergency situation arises, and this is a man-made emergency.
http://silverdoctors.com/gold-run-there-is-not-one-single-ounce-of-gold-available-for-sale-in-bangkok/
April 7, 2013.
April 7, 2013.
would you put it past a goldbug 100% invested in pm's to start rumors?
That suspicion would not have an element of projection at is base would it?
GPL not doing what it's supposed to. new low:
http://silverdoctors.com/gold-run-there-is-not-one-single-ounce-of-gold-available-for-sale-in-bangkok/
April 7, 2013.
April 7, 2013.
would you put it past a goldbug 100% invested in pm's to start rumors?
I dare them to put the entire Thai M1 on table and it would not be enough to stop the gold price from falling.
Oh yes, the whole Asia is buying but who cares? Who do you think pushed the gold price to the current level? It's not us.
http://silverdoctors.com/gold-run-there-is-not-one-single-ounce-of-gold-available-for-sale-in-bangkok/
April 7, 2013.
April 7, 2013.
would you put it past a goldbug 100% invested in pm's to start rumors?
Point taken. Could be a false rumour.
Besides BTC, I'd rather have PM than fiat.
EDIT: http://investmentwatchblog.com/physical-gold-silver-shortages-are-accelerating-premiums-exploding/
http://silverdoctors.com/gold-run-there-is-not-one-single-ounce-of-gold-available-for-sale-in-bangkok/
April 7, 2013.
April 7, 2013.
would you put it past a goldbug 100% invested in pm's to start rumors?
Paper PM are decreasing, but physical is selling out.
It is selling. But where is it selling out?
Thailand.
Mr. Goat, you must already know this.
Gold down. Bitcoin UP.
Paper PM are decreasing, but physical is selling out.
As far as I am concerned the jury is still out on whether that will be the case, and if it does turn out to be, whether the system will have bloated beyond the capacity where it could realistically be operated by a large pool of individuals. The ability for the operational infrastructure to be cheap and widely dispersed is THE thing which gives Bitcoin it's backing and strength in my opinion. As that erodes so does my confidence in the solution.
Most of the bitcoin network is not the technical network of computers running Bitcoin protocol. Bitcoin is in actuality a socio-economic power network of hundreds of supernodes and 100,000s of active nodes. That the majority of them don't have the Bitcoin client, is only economical, division of labor. The important thing is, Bitcoin is open source, so that the economic majority gets to choose the rules, not the coercive minority, and this will forever remain so, because of the design.
I disagree with this rosy analysis. I put more emphasis on the actual hardware and network topology needed to allow the system to perform anywhere near it's potential.
But you bring up another entirely different potential failure mode which I consider as possibly coming into play. That is, if the system is not working reasonably well for a wide range of participants, the participants could very well be drawn to something else. Unlike with gold, it would be very low effort to actually develop a crypto-currency system upon which the masses could coalesce. The bothersome part is that there are limited means to make the system work truly well for all but the early adopters (like most of us reading this probably are.) Ultimately Bitcoin rests on the same 'historical record' as gold, but where gold's history goes back thousands of years, Bitcoin's goes back to 2009.
There is actually a link between my two concerns. That is, if the Bitcoin network becomes sufficiently centralized and riding entirely on a backbone consisting of 'supernodes', it will be that much easier to attack the system and degrade it enough to make it even less appealing to the newcomers than it is simply due to the expensive proposition of 'buying in' at what will likely always appear to be the top.
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