Gold collapsing. Bitcoin UP. - page 1493.

cypherdoc

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Quote from: MatthewLM on May 16, 2012, 01:30:05 PM

It all comes down primarily on the politics. What do central banks do? A good question to ask is what were they designed for?.

certainly not to allow gold to reascend the throne of a monetary reserve currency.

all they have to do to short circuit your dreams is to stop QE and let the USD skyrocket which it appears they have decided to do. do you really want to trust your future to Ben Bernanke?

conspirosphere.tk

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Bitcoin is antisemitic

Quote from: hazek on May 16, 2012, 01:43:21 PM

I don't care even if gold goes down to $1400 because I'm certain in 1 year it will be higher than it is today.

And in case of another big drop in silver I would go all in using my last phiat bank-notes to stack more phyzz praising the Lord for the discount.

edit: check out the today's article by Martin Armstrong:
http://armstrongeconomics.files.wordpress.com/2012/05/051612-pubic-private.pdf

Related:
Zero Hedge - Canary In The Gold Mine: In Historic Move, Japanese Pension Fund Switches To Gold For First Time Ever
Submitted by Tyler Durden on 05/16/2012
http://www.zerohedge.com/news/canary-gold-mine-historic-move-japanese-pension-fund-switches-gold-first-time-ever

hazek

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Quote from: MatthewLM on May 16, 2012, 01:30:05 PM

It all comes down primarily on the politics. What do central banks do? A good question to ask it what were they designed for?.

Precisely. I'm well aware that the market's natural path right now would have to be severe price deflation and rise in purchasing power of currencies. But I'm not so stupid to ignore what the stupid politicians are going to do in an attempt to save their crony friends and that's why I don't care even if gold goes down to $1400 because I'm certain in 1 year it will be higher than it is today.

MatthewLM

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It all comes down primarily on the politics. What do central banks do? A good question to ask is what were they designed for?.

cypherdoc

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Quote from: hazek on May 16, 2012, 01:08:19 PM

Quote from: tvbcof on May 16, 2012, 12:51:45 PM

Quote from: cypherdoc on May 16, 2012, 12:49:23 PM

Quote from: hazek on May 16, 2012, 12:46:31 PM

Having fun? You do see the rest of the commodities and you do see USDX and you do know what that mostly likely means for the near future right?

considering all the abuse, skepticism, attacks, trolling i've taken on this thread from everyone here since the beginning (last August), yes i am.

Make hay while the sun shines.

Too late.

Of course in the short term this ^ means nothing and is as childish as cypherdoc posts.

most ppl on this forum i want to help. you sir, i want to crush.

molecular

donator

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Quote from: the joint on May 14, 2012, 06:15:45 PM

Quote from: cypherdoc on May 14, 2012, 06:10:10 PM

Quote from: the joint on May 14, 2012, 05:58:44 PM

Quote from: cypherdoc on May 14, 2012, 05:33:31 PM

oh my miscreanity, oh my. Shocked

I knew it. You don't know shit. This thread is worthless.

you're right. i don't know shit. move along...

still catching up on this awesome thread...

hazek

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Quote from: tvbcof on May 16, 2012, 12:51:45 PM

Quote from: cypherdoc on May 16, 2012, 12:49:23 PM

Quote from: hazek on May 16, 2012, 12:46:31 PM

Having fun? You do see the rest of the commodities and you do see USDX and you do know what that mostly likely means for the near future right?

considering all the abuse, skepticism, attacks, trolling i've taken on this thread from everyone here since the beginning (last August), yes i am.

Make hay while the sun shines.

Too late.

Of course in the short term this ^ means nothing and is as childish as cypherdoc posts.

tvbcof

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Activity: 4760

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Quote from: cypherdoc on May 16, 2012, 12:49:23 PM

Quote from: hazek on May 16, 2012, 12:46:31 PM

Having fun? You do see the rest of the commodities and you do see USDX and you do know what that mostly likely means for the near future right?

considering all the abuse, skepticism, attacks, trolling i've taken on this thread from everyone here since the beginning (last August), yes i am.

Make hay while the sun shines.

cypherdoc

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Activity: 1764

Merit: 1002

Quote from: hazek on May 16, 2012, 12:46:31 PM

Having fun? You do see the rest of the commodities and you do see USDX and you do know what that mostly likely means for the near future right?

considering all the abuse, skepticism, attacks, trolling i've taken on this thread from everyone here since the beginning (last August), yes i am.

tvbcof

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Quote from: cypherdoc on May 16, 2012, 12:36:19 PM

$1523 coming right up!

I hope so for a couple of reasons. One of the most trivial and petty of them is that if Au does not touch $1523, cypherdoc will be able to say "Well, it would be at $1200 instead of $2000 if my target had been touched and therefor I'm so right about everything all the time that I amaze myself."

hazek

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Having fun? You do see the rest of the commodities and you do see USDX and you do know what that mostly likely means for the near future right?

cypherdoc

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it's that time again:

Charge!!!!!!!!!

cypherdoc

legendary

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cypherdoc

legendary

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$27 silver...blink...gone.

cypherdoc

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$1523 coming right up!

silverbox

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Quote from: tvbcof on May 16, 2012, 11:53:42 AM

Quote from: cypherdoc on May 16, 2012, 11:25:42 AM

gold bugs should know better. when the news finally becomes mainstream, it's already too late...

I'm still considered something of a freak amongst my friends and co-workers due to my interest in actual physical PMs. Even my Indian ones interestingly enough. It is anything but mainstream. Of course my interest in Bitcoin simply confirms their suspicions.

Ditto. In all my informal polls of my coworkers, friends and family. Nobody is invested in PMs. One of my family members is a financial planner with 100s of clients, only a handful own any mining or PM related etf/stocks..

cypherdoc

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CB timing?

http://www.telegraph.co.uk/finance/personalfinance/investing/gold/7511589/Explain-why-you-sold-Britains-gold-Gordon-Brown-told.html

hazek

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Quote from: cypherdoc on May 16, 2012, 11:25:42 AM

it's already too late...

ORLY: http://www.zerohedge.com/news/canary-gold-mine-historic-move-japanese-pension-fund-switches-gold-first-time-ever

tvbcof

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Quote from: cypherdoc on May 16, 2012, 11:25:42 AM

gold bugs should know better. when the news finally becomes mainstream, it's already too late...

I'm still considered something of a freak amongst my friends and co-workers due to my interest in actual physical PMs. Even my Indian ones interestingly enough. It is anything but mainstream. Of course my interest in Bitcoin simply confirms their suspicions.

On the bright side for pretty much all of us here, it's looking more and more like Bitcoin is winding up for a jump to the upside. At least that's what it looks like to me. It would be cool to me to get out of the red on Bitcoin although it is purely psychological. As is the case with PMs, the price of Bitcoin is meaningless in practice except when I wish to buy or sell...and I'm happy with my holdings at this point.

-----

And on the topic of the convenience of Bitcoin vs. PMs, one might consider a situation where I needed an unusual amount of USD as part of a property purchase and dipped into my PM stash. With a bit of bank-hopping and other planning, I had the USD in the account I needed within a day.

Contrast the above experience with this: MT.Gox will not release over $26,000 USD

silverbox

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Quote from: cypherdoc on May 16, 2012, 11:25:42 AM

Quote from: HorseRider on May 16, 2012, 11:23:23 AM

Quote from: silverbox on May 16, 2012, 10:07:31 AM

Quote from: HorseRider on May 16, 2012, 10:01:51 AM

Quote from: silverbox on May 15, 2012, 07:28:46 PM

Quote from: cypherdoc on May 15, 2012, 07:27:52 PM

if gold gets below 1523, all Hell is gonna break loose...

Yeah the Chinese will be filling their vaults..

No, we won't. As all human being around the world, we like to invest in something that is in a rally sell others in a crash.

The Central banks disagree with you..

http://www.prweb.com/releases/2012/5/prweb9503754.htm

When they can print gold, I'll believe this crash theory Wink

well, I can only something like "Lombardi believes"... there is no evidence. just speculation that Chinese central bank are buying.

Great news for you but sadly that the import of the Gold in 2012Q1 is as 5 times as 2011Q1 for China. However, in my opinion, it's not rare for any group of people (including the the Chinese people) buying at the top of a bubble. Chinese buying gold at 2012Q1, this is one vivid case that any bubble has someone buying at the top.

When the gold bear is more clear, we will see what will Chinese people do.

+1

gold bugs should know better. when the news finally becomes mainstream, it's already too late...

Sure when I hear the news that they are stoppin the presses (and the deficit spending) and pegging USD to gold, I'll know the bull is done and I'll probably have missed the peak. Till then, this is a Bull market boys and girls Wink

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