The Dump of Golden Clump
LOL
Topic: Gold collapsing. Bitcoin UP. - page 1426. (Read 2032272 times)
The Dump of Golden Clump
this thread was started 3/13
Bitcoin 5.40
Gold 1690.
today 8/2
Bitcoin 10.00 (up ~85%)
Gold 1588 (down ~6%)
BTC is double digits! , Gold is inching back to parity. BTC is outperforming gold.
GPL 1.66 (Silver lg @ 1.98)
Bitcoin 5.40
Gold 1690.
today 8/2
Bitcoin 10.00 (up ~85%)
Gold 1588 (down ~6%)
BTC is double digits! , Gold is inching back to parity. BTC is outperforming gold.
GPL 1.66 (Silver lg @ 1.98)
The Daaash for Digital Caaash! 
You should make an animation in flash with pictures and the phrase to post each time....that would be awesome!...kind of like a flash signature
i wish i knew how!
The Daaash for Digital Caaash!
You should make an animation in flash with pictures and the phrase to post each time....that would be awesome!...kind of like a flash signature
Tomorrow, or perhaps over the coming weekend, I would put a major event occurring in which the foundation of the existing financial system ruptures at a 50/50 chance. After such an event, the possibility exists that the separation in financial and real assets happens.
That's quite a prediction. I respect that
What's the triggering event?Suitcase nuke in Madrid!
*kidding*
Tomorrow, or perhaps over the coming weekend, I would put a major event occurring in which the foundation of the existing financial system ruptures at a 50/50 chance. After such an event, the possibility exists that the separation in financial and real assets happens.
That's quite a prediction. I respect that
What's the triggering event?
The Daaash for Digital Caaash!
This is the kind of action that I expect to see as the market mechanism shears through the connection between financial instruments and the real underlying assets - hundreds of basis point swings in the most major of markets. As before, an acceleration instead of a return would indicate that separation.
The only market I know of that isn't currently subject to obscurity through derivatives is Bitcoin. I think it's rather telling that traditional markets have been experiencing an increase in volatility in recent times as Bitcoin has been seeing a decrease. We'll see how long Bitcoin can remain stable as turmoil elsewhere continues escalating.
GATA has put together some interesting information with a recent post, including an article from 1983. An important bit:
Fixing the price of gold, clouding the value that might be obtained by market-based price discovery. The BIS is where the real value is known. We are not privy to the information that these bankers hold amongst themselves, but we can observe the forces in play and efforts to manage them. We can see where failure might occur, and take action.
Tomorrow, or perhaps over the coming weekend, I would put a major event occurring in which the foundation of the existing financial system ruptures at a 50/50 chance. After such an event, the possibility exists that the separation in financial and real assets happens. I think that may be more difficult to maintain than some suspect, as there are simply so many sources of information available that it would be impossible to shut them all out without completely severing all forms of communication. If the link remains, oscillations in volatility will make 2008 feel like a mild tremor. As some of the greats have stated - $100+ swings in gold. Daily. Maybe hourly.
With my play account, I'm short USD/CHF and short EUR/USD at a 3:2 ratio; EUR/USD set to stop out for a profit at 1.25.
I just hope nothing truly tragic takes place.
The only market I know of that isn't currently subject to obscurity through derivatives is Bitcoin. I think it's rather telling that traditional markets have been experiencing an increase in volatility in recent times as Bitcoin has been seeing a decrease. We'll see how long Bitcoin can remain stable as turmoil elsewhere continues escalating.
GATA has put together some interesting information with a recent post, including an article from 1983. An important bit:
Quote
After World War II, the BIS reemerged as the main clearing house for European currencies and, behind the scenes, the favored meeting place of central bankers. When the dollar came under attack in the 1960s, massive swaps of money and gold were arranged at the BIS for the defense of the American currency. It was undeniably ironic that, as the president of the BIS observed, "the United States, which had wanted to kill the BIS, suddenly finds it indispensable." In any case, the Fed has become a leading member of the club, with either Chairman Paul Volcker or Governor Henry Wallich attending every "Basel weekend."
Originally, the central bankers sought complete anonymity for their activities. Their headquarters were in an abandoned six story hotel, the Grand et Savoy Hotel Universe, with an annex above the adjacent Frey's Chocolate Shop. There purposely was no sign over the door identifying the BIS, so visiting central bankers and gold dealers used Frey's, which is across the street from the railroad station, as a convenient landmark. It was in the wood-paneled rooms above the shop and the hotel that decisions were reached to devalue or defend currencies, to fix the price of gold, to regulate offshore banking, and to raise or lower short-term interest rates. And though they shaped "a new world economic order" through these deliberations, according to Guido Carli, the governor of the Italian central bank,, the public, even in Basel, remained almost totally unaware of the club and its activities.
Originally, the central bankers sought complete anonymity for their activities. Their headquarters were in an abandoned six story hotel, the Grand et Savoy Hotel Universe, with an annex above the adjacent Frey's Chocolate Shop. There purposely was no sign over the door identifying the BIS, so visiting central bankers and gold dealers used Frey's, which is across the street from the railroad station, as a convenient landmark. It was in the wood-paneled rooms above the shop and the hotel that decisions were reached to devalue or defend currencies, to fix the price of gold, to regulate offshore banking, and to raise or lower short-term interest rates. And though they shaped "a new world economic order" through these deliberations, according to Guido Carli, the governor of the Italian central bank,, the public, even in Basel, remained almost totally unaware of the club and its activities.
Fixing the price of gold, clouding the value that might be obtained by market-based price discovery. The BIS is where the real value is known. We are not privy to the information that these bankers hold amongst themselves, but we can observe the forces in play and efforts to manage them. We can see where failure might occur, and take action.
Tomorrow, or perhaps over the coming weekend, I would put a major event occurring in which the foundation of the existing financial system ruptures at a 50/50 chance. After such an event, the possibility exists that the separation in financial and real assets happens. I think that may be more difficult to maintain than some suspect, as there are simply so many sources of information available that it would be impossible to shut them all out without completely severing all forms of communication. If the link remains, oscillations in volatility will make 2008 feel like a mild tremor. As some of the greats have stated - $100+ swings in gold. Daily. Maybe hourly.
With my play account, I'm short USD/CHF and short EUR/USD at a 3:2 ratio; EUR/USD set to stop out for a profit at 1.25.
I just hope nothing truly tragic takes place.
Gold down, Bitcoin UP. 
Yup, probably pull back a bit and then rise into the next FOMC meeting.
Gold isn't doing so well today.
gold doesn't seem to be doing so well today.
It's very likely that there will be a short spike down in the monetary metals before they confirm the recent breakout and have a rise similar to Bitcoin's during the last two months. Of course, with multiple Pirate-like operations going, Bitcoin should continue to steadily rise in value. If there are any major shocks to the traditional financial markets, a greater than normal flow might enter Bitcoin and cause a spike (or a series of spikes) similar to the $9+ a couple of weeks ago.
We're at a breaking point, like a pressure cooker. If everyone refused to sell their bitcoins, the same explosive situation would be present. Sinclair's perspective is wise as always...
Quote from: Jim Sinclair
Many of you are so lost in the Fed soap opera that you have lost your focus entirely. The longer the Fed waits, the greater the amount of QE they will have to do.
As in the Skier illustration, done for you years ago, the second drop in the US economy is going directly through the floor. Markets will push the Fed to act on a random day, not on a predetermined Fed meeting of the FOMC.
Where did you all get the crazy idea that Fed moves come on schedule? That implies preplanning – something that has never occurred.
As in the Skier illustration, done for you years ago, the second drop in the US economy is going directly through the floor. Markets will push the Fed to act on a random day, not on a predetermined Fed meeting of the FOMC.
Where did you all get the crazy idea that Fed moves come on schedule? That implies preplanning – something that has never occurred.
silverbox update:
gold: -6%
Bitcoin: +77%
difference: +83% advantage Bitcoin
silverbox's long GPL: -13%
Fed fails to surprise aka NO WHITE HORSE.
gold: -6%
Bitcoin: +77%
difference: +83% advantage Bitcoin
silverbox's long GPL: -13%
Fed fails to surprise aka NO WHITE HORSE.
gold doesn't seem to be doing so well today.
you covered too soon!!
Maybe the fed will suprise us
, everyone thinks they won't do anything.don't forget i still have my DZZ and ZSL!
gold doesn't seem to be doing so well today.
you covered too soon!!
Maybe the fed will suprise us
, everyone thinks they won't do anything.If everyone thinks they won't do anything, why did the markets ramp? It certainly wasn't good economic data.
gold doesn't seem to be doing so well today.
you covered too soon!!
Maybe the fed will suprise us
, everyone thinks they won't do anything.
gold doesn't seem to be doing so well today.
I think we'll see a big drop in PM's and a HUGE epic rise in bitcoin.
if you do not fear inflation with your currency why hold PM's?
its kinda like holding on to your sea shells after gold is discovered.
if you do not fear inflation with your currency why hold PM's?
its kinda like holding on to your sea shells after gold is discovered.
haha, good one. Problem might occur if people still trust the sea shells more than your new-fangled gold that has no long monetary history.
I think we'll see a big drop in PM's and a HUGE epic rise in bitcoin.
if you do not fear inflation with your currency why hold PM's?
its kinda like holding on to your sea shells after gold is discovered.
if you do not fear inflation with your currency why hold PM's?
its kinda like holding on to your sea shells after gold is discovered.
Yes, but over what timeframe?
While Bitcoin does outclass gold in some ways, it won't be able to completely supplant the metal until communications networks are as resilient as distributed networks. That means meshnets must become ubiquitous. Even then, the final vestige of gold probably won't be released until supply is called into question.
Inflation is the superficial fear. The deeper, more substantial threat is counterparty risk - the danger of trust being broken in custodians of assets. For at least the next few years, both the monetary precious metals and Bitcoin will offer the best protection of all financial assets.
timeframe, 10 years
All PM used as a store of value, will loss value... gold will be hit hardest.
1 Bitcoin will be worth 1/21,000,000th of all the worlds wealth ( more or less )
10 years is a little ambitious for bitcoin to dominate. And yet you keep insisting we'll correct to 8 soon
.can't i have my cake and eat it too
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