Topic: Gold collapsing. Bitcoin UP. - page 1497. (Read 2032274 times)

Diagnostic imaging showing the onset of societal dementia:



The greater the separation between collective cognition (green) and functional results (blue), the closer a society is to being in a vegetative state. This is rapidly followed by system failure in the absence of external supportive measures.

You really can't expect cyperdoc to share his valuable material for free right here in front of God and everybody!

Why don't you see if you can trade him some magical crystals for a subscription to his newsletter?

Not at all - he's exceptionally capable of perceiving the dynamics within the financial system. It's just incredibly painful to see continued rejection of the real, physical nature of reality in favor of an encapsulated view on financial instruments - especially when the structure is laid bare for all to see, and even further when he can see the big picture in regard to Bitcoin, which is isomorphic to the situation in physical gold.

The greatest danger to remaining in the bankster sandbox is that there's no way of knowing when you'll be forcibly kicked out without your accumulated wealth, nor when the sinkhole it's built on top of will swallow everything up whole. The last people I want to see wiped out are those with the vision to understand Bitcoin - this community is the future of finance, and it needs to remain strong.

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

miscreanity is right. It's extremely easy to add numbers on a computer. Google's good at it: https://www.google.co.uk/search?q=2+trillion+plus+8+quadrillion Maybe the federal reserve should start using Google's systems? In fact, it seems Google can even handle extremely big numbers: https://www.google.co.uk/search?q=2+trillion+plus+1+googol

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

oh my miscreanity, oh my.

This entire move since mid-2011 has been an odd mix of amusement and disgust, like watching children pretending to be grown-ups. All of the innocently entertaining aspects intertwined with early, disconcerting patterns of destructive behavior would be less horrifying if the subjects involved weren't so thoroughly out-of-control, and at the same time insulated beyond any measure of influence.


Your definition of "shoots" seems truly absurd. It's one thing when Bitcoin spikes with a relative change in one day of 10%, but another entirely when the dollar jumps inches up 0.004% by close. There's also nothing supporting a dollar rise other than it being the "least worst" destination in the mind of the majority, while assets of real value are discarded. I'm bewildered by such an intelligent individual not being able to see the erosion of support. Even if you hold to the thought that the dollar is "backed" by GDP - the GDP is falling apart!


Really? So a 0.004% move now qualifies as floodgates opening?


Taken in perspective, the recent move is even weaker. How much effort has it taken just to keep the 50-DMA flat?

I shouldn't be surprised, considering the fact that you scream gold is collapsing when it's been steadily declining by ~1% per day in a blatant channel of systematized control. Not to mention the blindingly obvious disparity in structure between paper and physical assets in general, let alone gold and silver. It's as though you think suffocation in a low-oxygen environment is impossible if you just focus on the chemistry of gas exchange.

Another thing - you recently suggested that inflation can't be implemented fast enough? Did you actually mean that? How long does it take to type:

$1,000,000,000,000,000

How much longer would it take for computer algorithms to run based on protocols for swap arrangements? Seconds? Maybe minutes? Even including the human delay of communication between major banks that are first to receive funds, hours - maybe a day or two? We're talking about trusted entities, though - push a big red panic button and the financial nukes are launched. A billion dollars could zip around the world and land in bank reserves almost as fast as you could say "billion".

Now how long does it take for contracts to be unwound? How long for markets to reprice assets? Days, weeks, or in the case of what we're witnessing now, years? Can you not see the absurdity of a statement to the effect of inflation not being able to keep up with deflation?

Here's an experiment: offer ten random people $100 as a gift. The next day, tell them that you mistakenly gave too much and that you need half of it back. Extrapolate that to the banking system. Good luck getting deflation to hit faster than inflation.

It's disheartening that you still don't get the deceptive foundation of today's currency and futures markets, preferring to dwell in superficially misleading fiat-based metrics. For all the pontification on the need to understand abusive elements, you're falling short. The only sane move right now is acquisition of real assets, especially gold & silver or productive land and equipment. Instead, you're trying to ski up an avalanche.

At least we can still agree on Bitcoin, but reaching the destination requires tunnelling through a mountain of granite; i.e. it won't happen soon. And with Bitcoinica down and out, nearly the entire leveraged trading environment is effectively shut down for now. Any pressure on Bitcoin's external exchange price will be predominantly from full-reserve liquidation, not forced margin calls. That's exactly how physical gold trades, irrespective of paper derivatives.

Again - I suggest that Bitcoin prices are a better proxy of physical gold (and silver) prices than USD-denominated values.

Inspired by silverbox's update...

General Comment:  Bitcoin   Harshest of tokes, dude.


Another Score:  5/14/12
          year ago    now       delta mult
BTC     8.50         5.00       + 0.59
Gold    1495         1555      + 1.04

--------------------------
ref (for future updates):
http://bitcoincharts.com/charts/mtgoxUSD#czsg2011-05-08zeg2011-05-08ztgSzm1g10zm2g25zv  (change date)
http://www.kitco.com/charts/livegold.html  (hist cgi at bottom)
mult=now/year_ago


Another Score:  5/12/12
          year ago    now       delta mult
BTC     5.40         4.95       + 0.92
Gold    1505         1580      + 1.05

Another Score:  5/11/12
          year ago    now       delta mult
BTC     5.00         4.95       +  0.99
Gold    1505         1580      + 1.05


Another Score:  5/10/12  (kitco down, gold est from INO.)
          year ago    now       delta mult
BTC     3.82         4.90       + 1.28
Gold    1510         1593      + 1.05


Another Score:  5/9/12
          year ago    now       delta mult
BTC     3.75         5.03       + 1.34
Gold    1510         1590      + 1.05


Another Score:  5/8/12
          year ago    now       delta mult
BTC     3.64         5.03       + 1.38
Gold    1497         1605      + 1.07

Its that time I suppose:

this thread was started 3/13

Bitcoin  5.40

Gold 1690.


today 5/14

Bitcoin 5.00   (down ~8%)

Gold 1556  (down ~8%)

BTC still isn't up .  Gold is now doing just as badly as BTC.  Its still a tie!!

AAPL 558

...

I asked what you meant by the response, not what the thread was about.  And judging by the way you called me "son" coupled with your previous post, "as the USD shoots up to..." I'd rather not wade through 62 pages of what is likely to be a series of cryptographic clues (aka opinions) which have been intentionally made to be indirect.  I'm asking for your direct explanation, and I highly, highly doubt that you have some kind of clairvoyant powers to know for certain what's going to happen in the precious metals market.  I have a feeling that you want me to read the thread in its entirety so you can feel satisfied that someone is meticulously looking over the details in a thread that you yourself created.

You really came off as an arrogant dick the way you phrased that.  I'm not here to bump your self-esteem.  

He probably doesn't own any..  Now if he buys in with say 10% of his IRA.. We have a problem houston

Son; read the thread.

as the USD shoots up to $80.70

I'm truly not sure what to make of your response.  I'm genuinely trying to learn about the precious metals market, so if you could elaborate a bit upon what you mean, it'd be helpful

you know what i'm talking about...if Allinvains wallet had been encrypted, as virtually all wallets are now, its highly unlikely you'd be using it as an example.

'impossible', heh?  As far as I can tell, all one needs is a passphrase, and there are a number ways to obtain such a thing.  keyloggers, TEMPEST, spys, rubber hoses, etc.

By GUI, I meant bitcoin-QT or whatever.  I run bitcoind exclusively and usually on machines with not graphical environment.  But I could be wrong about the ability to use the built in wallet encryption via RPC.  Don't care; No interest in it anyway.  I have no interest in having a wallet active which controls more coin than I need for a given purpose, and I use more proven codebases on more secure machines to protect the keys (aka wallets) that I don't need at the moment.

3 mo 'eh?

you see there guys?  now you know you're in trouble.