Gold collapsing. Bitcoin UP. - page 1460.

cypherdoc

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Quote from: bitsire on June 05, 2012, 05:47:26 PM

Thanks for the replies everyone. I think I'm going to go with some more physical gold AND Bitcoin (split between straight coins and GLBSE investments). Thanks to the poster who brought up GLBSE - I hadn't even thought of that.

I firmly believe that precious metals and Bitcoin are going to be going up in a big way - I'm already pretty diversified, just trying to optimize my ratios at this point.

Also, stacking is just so boring.... if it wasn't for Bitcoin, I wouldn't be having any fun at all

be careful with GLBSE. i lost alot of Bitcoin to a scam company. make sure you know the exact identity of the principal along with an address so that you have an avenue to recover from any shenanigans.

bitsire

full member

Activity: 223

Merit: 100

Thanks for the replies everyone. I think I'm going to go with some more physical gold AND Bitcoin (split between straight coins and GLBSE investments). Thanks to the poster who brought up GLBSE - I hadn't even thought of that.

I firmly believe that precious metals and Bitcoin are going to be going up in a big way - I'm already pretty diversified, just trying to optimize my ratios at this point.

Also, stacking is just so boring.... if it wasn't for Bitcoin, I wouldn't be having any fun at all

silverbox

legendary

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Quote from: tvbcof on June 05, 2012, 05:20:04 PM

Quote from: silverbox on June 05, 2012, 05:08:43 PM

Bleh go buy new Truck with a badass lift kit if you are over the limit, a good truck is way better then cash in some savings account.. He who dies with the most toys WINS!!

I'm totally happy with my old 80's Toyota as my footprint in the 4x4 space. It's easy to change lanes because people don't figure you have insurance.

I splurged and got an almost new Yaris which does not have the same advantage, but get's nice mileage.

Yeah I used to have one like that but it got too old.. 22RE with a slipped timing chain that ran like shiet. Put a load of wood in the back and collapse the rear suspension and barely make it up a gnarly hill.. Offed it some time ago..

I have a beast of a truck now Wink

My commuter car is getting a bit long in the tooth thu. I been thinking of maybe upgrading.

tvbcof

legendary

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Quote from: silverbox on June 05, 2012, 05:08:43 PM

Bleh go buy new Truck with a badass lift kit if you are over the limit, a good truck is way better then cash in some savings account.. He who dies with the most toys WINS!!

I'm totally happy with my old 80's Toyota as my footprint in the 4x4 space. It's easy to change lanes because people don't figure you have insurance.

I splurged and got an almost new Yaris which does not have the same advantage, but get's nice mileage.

silverbox

legendary

Activity: 966

Merit: 1003

Quote from: cypherdoc on June 05, 2012, 05:15:18 PM

Quote from: silverbox on June 05, 2012, 05:08:43 PM

Quote from: cypherdoc on June 05, 2012, 05:05:53 PM

Quote from: silverbox on June 05, 2012, 05:02:50 PM

Quote from: cypherdoc on June 05, 2012, 04:58:59 PM

Quote from: silverbox on June 05, 2012, 04:58:07 PM

Savings accounts??? I don't keep any money in those, they are a useless invention..

please don't tell me you've got ALL your savings in bullion? Wink

Naw I'm diversified!! I got handguns, rifles AND shotguns!! Wink

me too, but i'm serious about the bank savings accts. i'm not comfortable with money markets anymore thus i have my savings in bank accts but i'm over the FDIC limits in one. if the bank goes down i'm screwed. i have enough in Bitcoin, and RE, and you know how i feel about pm's. so what's left? shorts?

Bleh go buy new Truck with a badass lift kit if you are over the limit, a good truck is way better then cash in some savings account.. He who dies with the most toys WINS!!

lol! you crack me up. i see you know how to live life. perhaps i should get a new toy.

looks like you're gonna win that Apple bet. wish i had more time but if i have to lose it should be to you. heh, June 10 in on Sunday. do i get Monday? Cheesy

Sure I'll give you Monday, I don't think its gonna matter thu Wink

, but hell it could crash, you never know in this market..

cypherdoc

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Quote from: silverbox on June 05, 2012, 05:08:43 PM

Quote from: cypherdoc on June 05, 2012, 05:05:53 PM

Quote from: silverbox on June 05, 2012, 05:02:50 PM

Quote from: cypherdoc on June 05, 2012, 04:58:59 PM

Quote from: silverbox on June 05, 2012, 04:58:07 PM

Savings accounts??? I don't keep any money in those, they are a useless invention..

please don't tell me you've got ALL your savings in bullion? Wink

Naw I'm diversified!! I got handguns, rifles AND shotguns!! Wink

me too, but i'm serious about the bank savings accts. i'm not comfortable with money markets anymore thus i have my savings in bank accts but i'm over the FDIC limits in one. if the bank goes down i'm screwed. i have enough in Bitcoin, and RE, and you know how i feel about pm's. so what's left? shorts?

Bleh go buy new Truck with a badass lift kit if you are over the limit, a good truck is way better then cash in some savings account.. He who dies with the most toys WINS!!

lol! you crack me up. i see you know how to live life. perhaps i should get a new toy.

looks like you're gonna win that Apple bet. wish i had more time but if i have to lose it should be to you. heh, June 10 in on Sunday. do i get Monday? Cheesy

silverbox

legendary

Activity: 966

Merit: 1003

Quote from: tvbcof on June 05, 2012, 05:07:21 PM

Quote from: silverbox on June 05, 2012, 05:02:50 PM

Quote from: cypherdoc on June 05, 2012, 04:58:59 PM

Quote from: silverbox on June 05, 2012, 04:58:07 PM

Savings accounts??? I don't keep any money in those, they are a useless invention..

please don't tell me you've got ALL your savings in bullion? Wink

Naw I'm diversified!! I got handguns, rifles AND shotguns!! Wink

Do listen to both kinds of music; country and western

(You seeming to appreciate amusing lines from good movies.)

lol, no, but my old man does.

I have fairly eclectic tastes in music, but I do like it to match the genre.. I don't listen to Enya in my truck for example... lol

silverbox

legendary

Activity: 966

Merit: 1003

Quote from: cypherdoc on June 05, 2012, 05:05:53 PM

Quote from: silverbox on June 05, 2012, 05:02:50 PM

Quote from: cypherdoc on June 05, 2012, 04:58:59 PM

Quote from: silverbox on June 05, 2012, 04:58:07 PM

Savings accounts??? I don't keep any money in those, they are a useless invention..

please don't tell me you've got ALL your savings in bullion? Wink

Naw I'm diversified!! I got handguns, rifles AND shotguns!! Wink

me too, but i'm serious about the bank savings accts. i'm not comfortable with money markets anymore thus i have my savings in bank accts but i'm over the FDIC limits in one. if the bank goes down i'm screwed. i have enough in Bitcoin, and RE, and you know how i feel about pm's. so what's left? shorts?

Bleh go buy new Truck with a badass lift kit if you are over the limit, a good truck is way better then cash in some savings account.. He who dies with the most toys WINS!!

tvbcof

legendary

Activity: 4760

Merit: 1283

Quote from: silverbox on June 05, 2012, 05:02:50 PM

Quote from: cypherdoc on June 05, 2012, 04:58:59 PM

Quote from: silverbox on June 05, 2012, 04:58:07 PM

Savings accounts??? I don't keep any money in those, they are a useless invention..

please don't tell me you've got ALL your savings in bullion? Wink

Naw I'm diversified!! I got handguns, rifles AND shotguns!! Wink

Do listen to both kinds of music; country and western

(You seeming to appreciate amusing lines from good movies.)

cypherdoc

legendary

Activity: 1764

Merit: 1002

Quote from: silverbox on June 05, 2012, 05:02:50 PM

Quote from: cypherdoc on June 05, 2012, 04:58:59 PM

Quote from: silverbox on June 05, 2012, 04:58:07 PM

Savings accounts??? I don't keep any money in those, they are a useless invention..

please don't tell me you've got ALL your savings in bullion? Wink

Naw I'm diversified!! I got handguns, rifles AND shotguns!! Wink

me too, but i'm serious about the bank savings accts. i'm not comfortable with money markets anymore thus i have my savings in bank accts but i'm over the FDIC limits in one. if the bank goes down i'm screwed. i have enough in Bitcoin, and RE, and you know how i feel about pm's. so what's left? shorts?

silverbox

legendary

Activity: 966

Merit: 1003

Quote from: cypherdoc on June 05, 2012, 04:58:59 PM

Quote from: silverbox on June 05, 2012, 04:58:07 PM

Savings accounts??? I don't keep any money in those, they are a useless invention..

please don't tell me you've got ALL your savings in bullion? Wink

Naw I'm diversified!! I got handguns, rifles AND shotguns!! Wink

cypherdoc

legendary

Activity: 1764

Merit: 1002

Quote from: silverbox on June 05, 2012, 04:58:07 PM

Quote from: cypherdoc on June 05, 2012, 04:55:11 PM

Quote from: tvbcof on June 05, 2012, 04:45:23 PM

Quote from: bitsire on June 05, 2012, 03:51:56 PM

Hi all, I'm looking for some advice - I have some more fiat to invest and I've been racking my brain on where to put it. I'm new to Bitcoin but I've been buying heavily for the last 2 months. I already have decent physical gold and silver stacks. Here are the choices I've narrowed it down to:

1) More Bitcoin (though I have to admit I am hesitant to let my Bitcoin investment get into 5 figures)

2) More physical gold (I'm leaning towards this right now)

3) Mining shares (you know, the ones that the people on KWN are always saying are going to the moon)

4) Managed forex account (I know 90% of them are just scams, but I was hoping there are a couple of legitimate ones out there that could return at least 10% a year. If anyone knows of any, please share.)

All opinions are greatly appreciated!

Real Estate? I diversified into that last year when I thought the prices had gotten close to fair even though I suspected some more downdrafts. It's already given my a 5% on my principle return via rental...and I only got it rented in Sept (though to be fair I've not factored in taxes and insurance so It's probably closer to 3%.) But I got an office to use as well which I needed.

OTOH, if I'd not been busy with that, I probably would have been pursuing Bitcoin in the Feb/March timeframe and who knows where I'd be sitting now. I bet I would have sat out the peak of the bubble like an idiot though.

in the same vane, what are u guys doing with your bank savings accts that exceed the maximum covered by the FDIC? i think the coverage limits are going to be taken down later this year, IIRC.

Savings accounts??? I don't keep any money in those, they are a useless invention..

please don't tell me you've got ALL your savings in bullion? Wink

silverbox

legendary

Activity: 966

Merit: 1003

Quote from: cypherdoc on June 05, 2012, 04:55:11 PM

Quote from: tvbcof on June 05, 2012, 04:45:23 PM

Quote from: bitsire on June 05, 2012, 03:51:56 PM

Hi all, I'm looking for some advice - I have some more fiat to invest and I've been racking my brain on where to put it. I'm new to Bitcoin but I've been buying heavily for the last 2 months. I already have decent physical gold and silver stacks. Here are the choices I've narrowed it down to:

1) More Bitcoin (though I have to admit I am hesitant to let my Bitcoin investment get into 5 figures)

2) More physical gold (I'm leaning towards this right now)

3) Mining shares (you know, the ones that the people on KWN are always saying are going to the moon)

4) Managed forex account (I know 90% of them are just scams, but I was hoping there are a couple of legitimate ones out there that could return at least 10% a year. If anyone knows of any, please share.)

All opinions are greatly appreciated!

Real Estate? I diversified into that last year when I thought the prices had gotten close to fair even though I suspected some more downdrafts. It's already given my a 5% on my principle return via rental...and I only got it rented in Sept (though to be fair I've not factored in taxes and insurance so It's probably closer to 3%.) But I got an office to use as well which I needed.

OTOH, if I'd not been busy with that, I probably would have been pursuing Bitcoin in the Feb/March timeframe and who knows where I'd be sitting now. I bet I would have sat out the peak of the bubble like an idiot though.

in the same vane, what are u guys doing with your bank savings accts that exceed the maximum covered by the FDIC? i think the coverage limits are going to be taken down later this year, IIRC.

Savings accounts??? I don't keep any money in those, they are a useless invention..

silverbox

legendary

Activity: 966

Merit: 1003

Quote from: bitsire on June 05, 2012, 03:51:56 PM

Hi all, I'm looking for some advice - I have some more fiat to invest and I've been racking my brain on where to put it. I'm new to Bitcoin but I've been buying heavily for the last 2 months. I already have decent physical gold and silver stacks. Here are the choices I've narrowed it down to:

1) More Bitcoin (though I have to admit I am hesitant to let my Bitcoin investment get into 5 figures)

2) More physical gold (I'm leaning towards this right now)

3) Mining shares (you know, the ones that the people on KWN are always saying are going to the moon)

4) Managed forex account (I know 90% of them are just scams, but I was hoping there are a couple of legitimate ones out there that could return at least 10% a year. If anyone knows of any, please share.)

All opinions are greatly appreciated!

Sounds like you have enuf invested.

Buy a fun toy, something that might be handy in bad times.. Firearms, off road vehicles, snowmobiles, RV's, Boats, Property with a Cabin on it..

cypherdoc

legendary

Activity: 1764

Merit: 1002

Quote from: tvbcof on June 05, 2012, 04:45:23 PM

Quote from: bitsire on June 05, 2012, 03:51:56 PM

Hi all, I'm looking for some advice - I have some more fiat to invest and I've been racking my brain on where to put it. I'm new to Bitcoin but I've been buying heavily for the last 2 months. I already have decent physical gold and silver stacks. Here are the choices I've narrowed it down to:

1) More Bitcoin (though I have to admit I am hesitant to let my Bitcoin investment get into 5 figures)

2) More physical gold (I'm leaning towards this right now)

3) Mining shares (you know, the ones that the people on KWN are always saying are going to the moon)

4) Managed forex account (I know 90% of them are just scams, but I was hoping there are a couple of legitimate ones out there that could return at least 10% a year. If anyone knows of any, please share.)

All opinions are greatly appreciated!

Real Estate? I diversified into that last year when I thought the prices had gotten close to fair even though I suspected some more downdrafts. It's already given my a 5% on my principle return via rental...and I only got it rented in Sept (though to be fair I've not factored in taxes and insurance so It's probably closer to 3%.) But I got an office to use as well which I needed.

OTOH, if I'd not been busy with that, I probably would have been pursuing Bitcoin in the Feb/March timeframe and who knows where I'd be sitting now. I bet I would have sat out the peak of the bubble like an idiot though.

in the same vane, what are u guys doing with your bank savings accts that exceed the maximum covered by the FDIC? i think the coverage limits are going to be taken down later this year, IIRC.

tvbcof

legendary

Activity: 4760

Merit: 1283

Quote from: bitsire on June 05, 2012, 03:51:56 PM

Hi all, I'm looking for some advice - I have some more fiat to invest and I've been racking my brain on where to put it. I'm new to Bitcoin but I've been buying heavily for the last 2 months. I already have decent physical gold and silver stacks. Here are the choices I've narrowed it down to:

1) More Bitcoin (though I have to admit I am hesitant to let my Bitcoin investment get into 5 figures)

2) More physical gold (I'm leaning towards this right now)

3) Mining shares (you know, the ones that the people on KWN are always saying are going to the moon)

4) Managed forex account (I know 90% of them are just scams, but I was hoping there are a couple of legitimate ones out there that could return at least 10% a year. If anyone knows of any, please share.)

All opinions are greatly appreciated!

Real Estate? I diversified into that last year when I thought the prices had gotten close to fair even though I suspected some more downdrafts. It's already given my a 5% on my principle return via rental...and I only got it rented in Sept (though to be fair I've not factored in taxes and insurance so It's probably closer to 3%.) But I got an office to use as well which I needed.

OTOH, if I'd not been busy with that, I probably would have been pursuing Bitcoin in the Feb/March timeframe and who knows where I'd be sitting now. I bet I would have sat out the peak of the bubble like an idiot though.

notme

legendary

Activity: 1904

Merit: 1002

Quote from: bitsire on June 05, 2012, 03:51:56 PM

Hi all, I'm looking for some advice - I have some more fiat to invest and I've been racking my brain on where to put it. I'm new to Bitcoin but I've been buying heavily for the last 2 months. I already have decent physical gold and silver stacks. Here are the choices I've narrowed it down to:

1) More Bitcoin (though I have to admit I am hesitant to let my Bitcoin investment get into 5 figures)

2) More physical gold (I'm leaning towards this right now)

3) Mining shares (you know, the ones that the people on KWN are always saying are going to the moon)

4) Managed forex account (I know 90% of them are just scams, but I was hoping there are a couple of legitimate ones out there that could return at least 10% a year. If anyone knows of any, please share.)

All opinions are greatly appreciated!

Invest some of your bitcoin on GLBSE, then you can buy more without breaching 10k.

bitsire

full member

Activity: 223

Merit: 100

Hi all, I'm looking for some advice - I have some more fiat to invest and I've been racking my brain on where to put it. I'm new to Bitcoin but I've been buying heavily for the last 2 months. I already have decent physical gold and silver stacks. Here are the choices I've narrowed it down to:

1) More Bitcoin (though I have to admit I am hesitant to let my Bitcoin investment get into 5 figures)

2) More physical gold (I'm leaning towards this right now)

3) Mining shares (you know, the ones that the people on KWN are always saying are going to the moon)

4) Managed forex account (I know 90% of them are just scams, but I was hoping there are a couple of legitimate ones out there that could return at least 10% a year. If anyone knows of any, please share.)

All opinions are greatly appreciated!

miscreanity

legendary

Activity: 1316

Merit: 1005

Quote from: cypherdoc on June 05, 2012, 03:09:53 PM

ok fair enough. but don't forget i made money on the GDXJ if you insist on putting it that way. Cheesy

If you left the hedge on, you could've at least done well with the spread when the miners rise faster than gold

Jim Rickards says it best.

Quote from: Jim Rickards

Gold remains the 8,000 ton gorilla in the room; the thing that is too big to ignore but that no one wants to discuss. The international monetary system and the role of the dollar are in dire straits even if all of the gold is where it is supposed to be. It is not necessary to fantasize about phantom gold in order to see that a monetary crisis is imminent. The Fed and Treasury refusal to audit gold is part of their painstaking effort to deny that gold is still at the heart of the system. No more elaborate explanation is required.

Once you start pulling the derivative thread, the whole illusory system comes unraveled...

cypherdoc

legendary

Activity: 1764

Merit: 1002

Quote from: miscreanity on June 05, 2012, 03:08:42 PM

Quote from: cypherdoc on June 05, 2012, 02:33:48 PM

so what's your point? if it's that i lost money in the short term shorting GLD, wrong, b/c of the GDXJ long hedge.

The only point I was making is that comparing a single position with an aggregate holding is misleading. You responded to silverbox's update on GLD with a GLD/GDXJ combination (in response to whether you covered or not, which is all well and good - but you are upside down with GLD alone) - not a valid comparison without noting the disparity. A system with integrated graphics could be compared to one with a discrete GPU, but it wouldn't be meaningful without noting the contextual distinction.

Yes I'm splitting hairs here a bit over a semantic issue, but I'm glad you had a hedge in place. I'd be even more glad for you if you had physical metal

ok fair enough. but don't forget i made money on the GDXJ if you insist on putting it that way. Cheesy

in my mind it was just a wash.

Topic: Gold collapsing. Bitcoin UP. - page 1460. (Read 2032274 times)