Gold collapsing. Bitcoin UP. - page 1380.

molecular

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Quote from: lebing on November 03, 2012, 02:19:38 PM

Quote from: molecular on November 03, 2012, 02:10:23 PM

Quote from: MatthewLM on November 03, 2012, 01:56:39 PM

Quote from: cypherdoc on November 02, 2012, 01:04:17 PM

Inhale deeply. The sweet smell of Deflation. Wink

I must admit I'm not an American but I can tell you prices are going up in the UK. You can see it with fuel and food prices.

Pretty much every American I've heard says it is happening in the US too, so don't get too excited over your dollars.

Looking at the USDX it seems the other FIAT currencies should experience roughly the same rate of debasing.

Consumer prices seem high to me more frequently and for a wider range of products lately, so I think shit is finally trickling down. I expect this to increase.

Is honey a good indicator? For some unknown reason I think that is the case.

Honey is an interesting case, but not for reasons of deflation. Bees are dying all over the world (particularly where GMOs are grown), so using this as an indicator for macroeconomics might not be the best case. Using it as an indicator for much larger shit going down around the world, sure.

Point taken.

I still like that swedish guy who is backing a local currency with honey: http://blogs.sweden.se/sustainability/2011/10/06/honey-is-the-new-money-in-lund/

lebing

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Enabling the maximal migration

Quote from: molecular on November 03, 2012, 02:10:23 PM

Quote from: MatthewLM on November 03, 2012, 01:56:39 PM

Quote from: cypherdoc on November 02, 2012, 01:04:17 PM

Inhale deeply. The sweet smell of Deflation. Wink

I must admit I'm not an American but I can tell you prices are going up in the UK. You can see it with fuel and food prices.

Pretty much every American I've heard says it is happening in the US too, so don't get too excited over your dollars.

Looking at the USDX it seems the other FIAT currencies should experience roughly the same rate of debasing.

Consumer prices seem high to me more frequently and for a wider range of products lately, so I think shit is finally trickling down. I expect this to increase.

Is honey a good indicator? For some unknown reason I think that is the case.

Honey is an interesting case, but not for reasons of deflation. Bees are dying all over the world (particularly where GMOs are grown), so using this as an indicator for macroeconomics might not be the best case. Using it as an indicator for much larger shit going down around the world, sure.

molecular

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Activity: 2772

Merit: 1019

Quote from: MatthewLM on November 03, 2012, 01:56:39 PM

Quote from: cypherdoc on November 02, 2012, 01:04:17 PM

Inhale deeply. The sweet smell of Deflation. Wink

I must admit I'm not an American but I can tell you prices are going up in the UK. You can see it with fuel and food prices.

Pretty much every American I've heard says it is happening in the US too, so don't get too excited over your dollars.

Looking at the USDX it seems the other FIAT currencies should experience roughly the same rate of debasing.

Consumer prices seem high to me more frequently and for a wider range of products lately, so I think shit is finally trickling down. I expect this to increase.

Is honey a good indicator? For some unknown reason I think that is the case.

molecular

donator

Activity: 2772

Merit: 1019

Quote from: adamstgBit on November 03, 2012, 01:15:15 PM

Quote from: cypherdoc on November 03, 2012, 01:12:13 PM

Quote from: cypherdoc on November 03, 2012, 12:14:44 PM

here's an interesting fact.

we've had 70 straight weeks of upward revisions to the Initial Claims Report for unemployment: http://biz.yahoo.com/c/terms/claims.html

if you'd bet $0.01 each week that we'd get an upward revision while reinvesting the profits you'd now have accumulated $0.01 x 2^70 = $11,805,916,207,174,113,034.24

actually, i didn't state that quite right: if you'd initially bet $0.01 starting in June of 2011, double or nothing, and reinvested the winnings each week for the 70 straight weeks since then, you'd be sitting on a profit of $11,805,916,207,174,113,034.24.

what comes after trillion?

bitcoin?

Cheesy

Love it!

What comes after a Trillion Dollars?

huh?

yes, A BITCOIN Wink

molecular

donator

Activity: 2772

Merit: 1019

Quote from: cypherdoc on November 03, 2012, 01:12:13 PM

Quote from: cypherdoc on November 03, 2012, 12:14:44 PM

here's an interesting fact.

we've had 70 straight weeks of upward revisions to the Initial Claims Report for unemployment: http://biz.yahoo.com/c/terms/claims.html

if you'd bet $0.01 each week that we'd get an upward revision while reinvesting the profits you'd now have accumulated $0.01 x 2^70 = $11,805,916,207,174,113,034.24

actually, i didn't state that quite right: if you'd initially bet $0.01 starting in June of 2011, double or nothing, and reinvested the winnings each week for the 70 straight weeks since then, you'd be sitting on a profit of $11,805,916,207,174,113,034.24.

And you would've won a balls-of-steel award for not pulling out a week earlier at $5,902,958,103,587,056,517

MatthewLM

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Quote from: cypherdoc on November 02, 2012, 01:04:17 PM

Inhale deeply. The sweet smell of Deflation. Wink

I must admit I'm not an American but I can tell you prices are going up in the UK. You can see it with fuel and food prices.

Pretty much every American I've heard says it is happening in the US too, so don't get too excited over your dollars.

adamstgBit

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Activity: 1904

Merit: 1037

Trusted Bitcoiner

Quote from: cypherdoc on November 03, 2012, 01:12:13 PM

Quote from: cypherdoc on November 03, 2012, 12:14:44 PM

here's an interesting fact.

we've had 70 straight weeks of upward revisions to the Initial Claims Report for unemployment: http://biz.yahoo.com/c/terms/claims.html

if you'd bet $0.01 each week that we'd get an upward revision while reinvesting the profits you'd now have accumulated $0.01 x 2^70 = $11,805,916,207,174,113,034.24

actually, i didn't state that quite right: if you'd initially bet $0.01 starting in June of 2011, double or nothing, and reinvested the winnings each week for the 70 straight weeks since then, you'd be sitting on a profit of $11,805,916,207,174,113,034.24.

what comes after trillion?

bitcoin?

Cheesy

cypherdoc

legendary

Activity: 1764

Merit: 1002

Quote from: cypherdoc on November 03, 2012, 12:14:44 PM

here's an interesting fact.

we've had 70 straight weeks of upward revisions to the Initial Claims Report for unemployment: http://biz.yahoo.com/c/terms/claims.html

if you'd bet $0.01 each week that we'd get an upward revision while reinvesting the profits you'd now have accumulated $0.01 x 2^70 = $11,805,916,207,174,113,034.24

actually, i didn't state that quite right: if you'd initially bet $0.01 starting in June of 2011, double or nothing, and reinvested the winnings each week for the 70 straight weeks since then, you'd be sitting on a profit of $11,805,916,207,174,113,034.24.

creativex

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Activity: 434

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Quote from: cypherdoc on November 03, 2012, 12:14:44 PM

here's an interesting fact.

we've had 70 straight weeks of upward revisions to the Initial Claims Report for unemployment: http://biz.yahoo.com/c/terms/claims.html

if you'd bet $0.01 each week that we'd get an upward revision while reinvesting the profits you'd now have accumulated $0.01 x 2^70 = $11,805,916,207,174,113,034.24

Obvious goobermint liars are...obvious. Anything to keep the house of cards standing a little longer.

molecular

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Activity: 2772

Merit: 1019

Quote from: cypherdoc on November 03, 2012, 12:14:44 PM

here's an interesting fact.

we've had 70 straight weeks of upward revisions to the Initial Claims Report for unemployment: http://biz.yahoo.com/c/terms/claims.html

if you'd bet $0.01 each week that we'd get an upward revision while reinvesting the profits you'd now have accumulated $0.01 x 2^70 = $11,805,916,207,174,113,034.24

lol. how do you come up with this stuff?

cypherdoc

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here's an interesting fact.

we've had 70 straight weeks of upward revisions to the Initial Claims Report for unemployment: http://biz.yahoo.com/c/terms/claims.html

if you'd bet $0.01 each week that we'd get an upward revision while reinvesting the profits you'd now have accumulated $0.01 x 2^70 = $11,805,916,207,174,113,034.24

Stephen Gornick

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January through October, 2012. Cumulative, percentage basis.

- https://docs.google.com/spreadsheet/oimg?key=0AmcTCtjBoRWUdEgxb0lEb1h1M2htM05sY0pXd3FXQ2c&oid=3&zx=phpxuw8vp9sy

Monthly data:
- https://docs.google.com/spreadsheet/ccc?key=0AmcTCtjBoRWUdEgxb0lEb1h1M2htM05sY0pXd3FXQ2c

Daily time-series:
- https://docs.google.com/spreadsheet/ccc?key=0AmcTCtjBoRWUdHJuUE1mUkFxa3A0eHBDQkxZLVVFZmc

MooC Tals

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Quote from: evoorhees on March 13, 2012, 03:48:56 PM

Quote from: adamstgBit on March 13, 2012, 02:44:53 PM

Quote from: Global BTC on March 13, 2012, 02:40:10 PM

Gold collapsing? I don't follow the metal prices. Link?

ya i agree gold is due for a Major correction.

Gold Line keeps calling me telling me its not a bubble ...

Gold is not going up. It's the dollar that's losing value.

If anything in the marketplace should be the yardstick of value, it is gold, not USD. So you should price USD in terms of gold and you will see a very different picture. Don't let the "upward run" of gold deceive you. Gold isn't changing, the dollars are.

I agree gold is the yard stick the world measures wealth. How ever the economy needs credit in the form of a currency to satisfy liquity. This is why bitcoin is more of a threat to central banks then gold. They have all the gold.

Sometimes when gold goes down it's due to the dollar getting stronger.

silverbox

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So I've been thinking that were just coasting along after the QE forever drifting slightly downwards waiting... The next thing that is going to be a major influence I believe is the election..

I think that if Romney wins, PM's will not do as well as if Obama wins.

BTC I don't believe will be effected by the election, its next big thing is the delivery of ASICs and the block reward halving, I'm not sure either will have a big effect, but I think that if they do it will be upwards.

silverbox

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This thread was started 3/13:

Bitcoin 5.40

Gold 1690

Today 11/3:

Bitcoin 10.56 (up ~95%)

Gold 1676 (down ~1%)

PM's and BTC both have taken a bit of tumble recently, BTC more so then PM's.

BTC is outperforming gold.

Gold remains uncollapsed.

GPL 1.91 (Silver lg @ 1.98)

cypherdoc

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Quote from: silverbox on November 02, 2012, 04:02:37 PM

Quote from: cypherdoc on November 02, 2012, 10:23:29 AM

Quote from: silverbox on November 02, 2012, 10:05:16 AM

Quote from: cypherdoc on November 02, 2012, 08:49:26 AM

silverbox, did u sell GPL yet?

I sold some (for a loss, I assume) , it looks like were in for a small pullback, most likely I'll have a chance to rebuy lower.

1.97. yup lost a penny Wink

how bout update?

silverbox

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Quote from: cypherdoc on November 02, 2012, 10:23:29 AM

Quote from: silverbox on November 02, 2012, 10:05:16 AM

Quote from: cypherdoc on November 02, 2012, 08:49:26 AM

silverbox, did u sell GPL yet?

I sold some (for a loss, I assume) , it looks like were in for a small pullback, most likely I'll have a chance to rebuy lower.

1.97. yup lost a penny Wink

SkRRJyTC

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Quote from: cypherdoc on November 02, 2012, 07:49:30 AM

Quote from: SkRRJyTC on October 31, 2012, 12:33:46 PM

Quote from: cypherdoc on October 31, 2012, 12:30:09 PM

Quote from: SkRRJyTC on October 31, 2012, 10:46:26 AM

Gold appears to be ~~having~~ ~~starting~~ failing its own Kaboom moment.

I see USD failing to find support after barely breaking the horizontal resistance line I drew earlier. I also see Gold breaking its own resistance levels much more decisively...

Well?

+1 to Cypher Wink

cypherdoc

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Quote from: MatthewLM on November 02, 2012, 12:51:42 PM

Gold down on jobs data? If that were true, it's only a temporary glitch. Anyone that pays attention to that fake data is kidding themselves and perhaps soon kicking themselves too.

ah yes, the self proclaimed Winner is here. what say you?

cypherdoc

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Inhale deeply. The sweet smell of Deflation. Wink

Topic: Gold collapsing. Bitcoin UP. - page 1380. (Read 2032272 times)