(click for larger version)
data from bitcoincharts.com and netdania.com. I think I got the scales correct.
Nice! pretty amazing, huh?
Topic: Gold collapsing. Bitcoin UP. - page 1345. (Read 2032266 times)
(click for larger version)
data from bitcoincharts.com and netdania.com. I think I got the scales correct.
Nice! pretty amazing, huh?
(click for larger version)
data from bitcoincharts.com and netdania.com. I think I got the scales correct.
technically Bitcoin and Silver have already crossed although at different times today.
silver got down to 29.175 while Bitcoin hit 29.2.
welcome to the the world!
silver got down to 29.175 while Bitcoin hit 29.2.
welcome to the the world!
Well, it should be at the same time. I have little doubt it will happen as defined by the bet I just posted, probably today or tomorrow.
Gold and Silver down; Bitcoin UP.
http://bitbet.us/bet/224/bitcoin-and-silver-price-to-intersect-in-february/
technically Bitcoin and Silver have already crossed although at different times today.
silver got down to 29.175 while Bitcoin hit 29.2.
welcome to the the world!
silver got down to 29.175 while Bitcoin hit 29.2.
welcome to the the world!
you like my new silver coin avatar? for the special occasion!
i can't wait to change it to gold!
i can't wait to change it to gold!
Pretty! Can you post bigger version?
iz it tim yet?
you like my new silver coin avatar? for the special occasion!
i can't wait to change it to gold!
i can't wait to change it to gold!
are you ready? it's going to be loud:
the silverbox update (comparison from the beginning of this thread, March 13th, 2012):
Bitcoin: +432%
Gold: -5%
GPL: -28% silverbox long
Diff: +437% advantage Bitcoin
Bitcoin: +432%
Gold: -5%
GPL: -28% silverbox long
Diff: +437% advantage Bitcoin
Yawn. I'm bored.
I guess selling all my silver back in early 2011 wasn't such a bad idea after all, eh?
Seriously though, I decided to buy a couple of avalons, so I've been busy in the mining forum.
Asics going to blow this thing wide open.
What the heck, did you imply that you are half-converted into a geek already?
yep. this one did it for me:
Yawn. I'm bored.
I guess selling all my silver back in early 2011 wasn't such a bad idea after all, eh?
Seriously though, I decided to buy a couple of avalons, so I've been busy in the mining forum.
Asics going to blow this thing wide open.
What the heck, did you imply that you are half-converted into a geek already?
Gold and Silver down; Bitcoin UP.
...
Seriously though, I decided to buy a couple of avalons, so I've been busy in the mining forum.
Asics going to blow this thing wide open.
Seriously though, I decided to buy a couple of avalons, so I've been busy in the mining forum.
Asics going to blow this thing wide open.
Yep, me too. Now let's hope the guy delivers
The Silver parity Thunderclap is going to cause a Slingshot Effect
Cypher,
Stop slacking! You need to post now that we are at 599% and counting....rising...etc.
Stop slacking! You need to post now that we are at 599% and counting....rising...etc.
Yawn. I'm bored.
I guess selling all my silver back in early 2011 wasn't such a bad idea after all, eh?
Seriously though, I decided to buy a couple of avalons, so I've been busy in the mining forum.
Asics going to blow this thing wide open.
Cypher,
Stop slacking! You need to post now that we are at 599% and counting....rising...etc.
Stop slacking! You need to post now that we are at 599% and counting....rising...etc.
At some point the physical market will disconnect from the paper/digital gold markets.
There will be an independent quote of gold coin market averages that differs from the "official" gold spot price (which may have 7 years delivery delays and other hooks attached, etc).
Well said and I agree. Bullion dealers will simply adjust their premiums. This happens because there will be shortages and what do you do when your supply is going too fast? Right, you adjust your price.There will be an independent quote of gold coin market averages that differs from the "official" gold spot price (which may have 7 years delivery delays and other hooks attached, etc).
Look at this from a different angle: assume legislative controls have been set in place, locking prices of all goods, and declaring no business may charge greater than a 5% premium on any good.
If the premium had previously been 10% on gold, then the price of gold will be the same as it was before (price controls), and the 5% premium would ensure that any dealers unable to stay in business at that level would run out of stock or close. In addition, those businesses remaining would be unable to acquire supply if any competition outside of the country were to arise, as having a frozen premium rate means room for negotiating on cost is non-existent.
Put simply: we have a choice of rising prices or increasing shortages. Price stability makes government look good; shortages make businesses look bad. Politicians can blame businessmen and assume greater control over industry.
Empty shelves don't make politicians look good. Price fixing never works, I assume we agree on that, and fixing price too low will inevitably lead to shortages. So what are you saying? This "legaslation" would happen at some point for gold (for all goods?)? The military police will force farmers to grow food for low prices? Noone would be a farmer any more. That's no viable option, that's deliberate destruction of the economy.
Put simply: your option of increasing shortages is not really an option.
It might be continuing for gold (those paper gold markets are just a way to "fix" the price of gold artificially low) for a while and the buyers of physical are going to continue to be happy about that. It's not sustainable, though: the free market will win.
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