Topic: Gold collapsing. Bitcoin UP. - page 1520. (Read 2032274 times)

But what about 1 hundredth of a percent?  By your formula, that would be 20 USD per BTC.  The big investment banks are aware of bitcoin.  What percent of the money flowing out of assets do you think they control?  Would they throw a hundredth of a percent at Bitcoin when no other assets will hold value?  Perhaps.

I love them BBW's!!  Warm in the winter, Shady in the summer!!

Granted most ppl cannot see it happening even when its right in front of their noses.  but even you will be able to tell soon enough, even on that yearly chart

Is this the sell off that has been NOT happening for the last month?


Hypothetically:

If say 1% of the money of a 10% Stock market drop was invested in BTC..

Market cap ~16 trillion.  10% 1.6 trillion..  1% of 10%  16 billion

Imagine..  ~16 billion USD into BTC..

~16,000,000,000 USD  /  ~8,000,000 BTC

We'd be at ~2k USD per BTC..

This crack I'm smoking is really f'n good!!

i think the stock mkt selloff resumes in a big way and the money flowing out of those assets are going to head for cash, i.e., digital cash.

now that we're above $5 reliably, the pressure is mounting in an upward direction on the Bitcoin price. 

We're really talking about the same thing, but forget just financial obligations. This is forced liquidation at a national level, beyond the financial factor. You can't eat gold, nor dollars, nor oil - but they can all be used to obtain or produce food. Once everything is sold, the gold owners will look like saints when they "benevolently" allow resources for the destroyed nations' survival.

Greece is already undergoing theft of its gold. Italy, Spain, Portugal and all the rest are in the process of being or will be looted as well. It's a concentration of the power base via gold by forcing weaker players to liquidate in order to survive. Any that don't submit will endure riots, starvation, and possibly self-destruction through civil war - at which point they will be too weak to prevent stronger ones from coming in and instituting globalist regimes.

Now for some rhetoric:

Imagine I am the financially weakened US (as in suffering from a terminal disease), and you're Italy. Wearing an IMF mask, I hold a gun to your head and tell you to give me your shoes. You refuse. I shoot you in the leg. I demand your shoes again. You refuse again. I shoot your other leg. I demand your shoes again. You still refuse. I shoot you in the shoulder. Now you're too injured to fight back in any way, so I take your shoes and get France to make sure you behave yourself while I move on to Spain.

By knocking everyone else down to my level, they can't ignore me. Instead of dying alone of my advanced socialist disease, we're all in the same boat now and have to work together to survive. If any of them don't help, we all risk going down together. The western world has been reduced to mutually-assured destruction in an extremely frail state because of the aggressively destructive behaviours presented while America was still strong, rather than respectful cooperation and support with a vested interest in each others' well-being. This is the offer that cannot be refused instead of the desire to repay out of admiration and respect.

It's just like CIA methods of establishing friendly governments and leadership in South America, only on a much grander and more brazen scale. There's literally nothing anyone can do about it. The only things standing in the way are:

• Energy resource availability
• Distributed gold ownership
• China/BRIC resistance
• Decentralized technologies

you're excused.

Well excuse me, I had no idea that stocks and property prices were such superb indicators of gold prices.

but they're all integrated.  you need to know whats happening in all these asset classes to understand what will happen with gold and Bitcoin.  thats what my subscription is for.

I've said it before: they already lost the battle. What they're fighting now is disintegration of everything that's been built upon a brittle foundation. That's being done by maintaining an illusion of an illusion (illusion: fractional reserve; illusion of illusion: stability of unlimited exponential growth via fractal reserve).


Good example. I'd like to see that in inflation-adjusted terms. Relative gains would be much lower than they appear there. Again, the illusion of absolute values versus relative. It's like trying to measure a kilometer when the length keeps changing.

this is actually a great point but needs to be looked at from a different angle.  what i see is the need for countries to sell their assets, namely gold, to raise fiat to pay their obligations.

i was having a discussion with one of my subscribers from Spain the other day and he was saying how he thinks you'll soon be seeing the likes of Greece and Spain having to do the same thing to pay their debts.

By inflation/deflation we don't just refer to property prices and stocks, you know?

i'll tell you what scares the hell out of me.  its this chart of the Dow going back to 1900 non log.  inflationists just see a linear extension of the upward trend to infinity.  does that really make sense given all the problems in the world today?

i think we have a problem that the last 12 yrs is trying to tell us.  MAJOR TOP is what i see:

Forgot to mention that options expiration is in 2 days... cue the shenanigans.

Also, there's always a victim whenever a squeeze occurs. It's no longer just leveraged futures traders being forced to liquidate:
Syria selling gold reserves as sanctions bite

Control of the world's gold supply is tantamount to its domination. Remember - only the producers matter when it comes to deciding what acts as money; if oil wants Euros as payment, the Euro is money. Likewise, gold.

If gold is overly controlled, Bitcoin is the only remaining freedom from banks on the immediate horizon... unless JP Bitcoinica acquires the majority supply of those as well.

but we've sure had 2 stock mkt crashes of around 57% and an ongoing housing crash.  that sure is deflation and who wants to go thru that again?

what if we go thru one of those again or maybe even one bigger?  its possible gold/silver go all the way back down to what it was in 2000.  

i listened to this on the way in to work today and it was informative.  i'm a fan of Jim Rickards even tho i disagree with him on gold:  http://www.financialsense.com/financial-sense-newshour/guest-expert/2012/04/18/goals-of-federal-reserve-policy-inflation-and-financial-repression

he says that the Fed is clearly worried about Deflation.  so maybe you should too?  the real question is whether they can or will be able to stop it.  i think they're losing the battle...

And those who don't look at greater scales are afraid to do so because it reveals the patterns of real collapse in other asset classes. Do you only study history back to 1950?

In the western world, people grow up and think to themselves: "If only I knew back then, what I know now!"

They reinvent the wheel because they're arrogant enough to think they can do things better than all whom have come before, when they could be listening to the words of wisdom from history. Instead, these are the people who attain sharp rises in power and the world suffers for their imprudent actions.

Over hundreds of years, gold and silver have plummeted in price for various reasons. At the same time, global exploration and industrial expansion were unbridled. Irresistible force meets immovable object - growth hits its limit; it's all part of one system.





To think about this another way, what happens when Bitcoin's base supply stops expanding? Any further growth will seek the path of least resistance, which is decimal expansion - the opposite direction of what is normally expected.

The same is happening with gold - if its physical supply cannot be expanded at the rate it has been over thousands of years, its price relative to other measures will have to expand.

Yup.  A year of decline might lead one to believe that the Central Banks stopped printing, the CBs would sure like us to think so anyways

Yeah because long term trends are useless   and the mechanics behind them even more so

I guess we've never had deflation so far, or zooming out wouldn't work.

Whats different now???

so, in other words, you won't detect a reversal in the metals until after at least a full year of declines go by? more likely longer if you look for confirmation of two or more successive yearly declines or crossing of moving averages.?

edit:  i said this in the other gold thread;  one of the most favorite forms of denial in charting is to keep zooming out to cover up your losses.

Look at all them big white candles..

A clear bullish signal!

http://www.daytradersbulletin.com/html/cs6.html

We went off the gold standard completely in 1971..  

In Fiat we trust!