Topic: Gold collapsing. Bitcoin UP. - page 1543. (Read 2032281 times)

It does look like its rolling over, but not very fast..  iPHAD here we come!!

oh my.

do you hear that hissing sound?  its called Apple.

In recent historic times, that seems to have been the case.  I'm surprised and delighted.

As for the actual spot price, it effects me on two occasions.  When I buy and when I sell.  Between those points (which I anticipate to be decades apart) the spot price has not an iota of impact on me.  What's even nicer is that I don't have to think about or manage it at all, nor do I have to pay fees to someone else to do the thinking for me.

Here is what blows me away.  Everyone seems to believe the line that we were on the brink of a total financial calamity in 2008.  If that is true, and it seems fairly plausible, then everyone's paper assets would have gone poof (instead of simply being cut in half.)  If anything the conditions seem to be even more ripe for such an implosion now, and there is much less appetite for the peeps to put up with another TARP style robbery.  So, it seems to me that any paper assets are in great danger and PMs, even if they were not performing well, would be a pretty desirable thing to be sitting on (as would Bitcoin.)  But most people don't seem to see it that way I guess.  Oh well.  It's a free country...sorta...for now...

Ok.  I do not agree with you .  I firmly believe that in 10 years a gallon of gas and a loaf of bread will cost me more then I pay for them today .  If what I believe holds true PM's will be up in 10 years. 

Time will tell

yes i do.  i think we have entered the Age of Deleveraging and with new currencies like Bitcoin there is going to be shift toward real value and not speculation.

we've been seeing price devaluations in the tech space for over a decade now b/c the information arbitrage is much less in this area as opposed to other sectors of the economy.  with the advent of the Internet, we see this deflation spreading.  the curtain is being pulled back.

You didn't answer the question.

I just want to know if you think in 10 years I will pay less USD for a gallon of gas and a loaf of bread then I do today

you're absolutely right.  but they've been pumped up by the same debt as everything else.  that debt is CONTRACTING as we speak.  remember; the money supply is money plus debt.  last time you  only threw up the chart of M2.  thats dwarfed by the amount of debt in the system.

Greece was just round one of the upcoming sovereign debt destruction PLUS the CDS implosion that will accompany it.

So your saying 10 years ago I paid the same or more for a gallon of gas and a loaf of bread then I do today..

And your saying 10 years from now I'm going to pay less for a gallon of gas and a loaf of bread?


If you really believe that, I have this bridge I want to sell you..

here's 4 yr food ETF DBA:



here 4yr oil futures price /QM:



i really don't see the inflation.

Apple breaks $600.

Not really, cause about the best you can expect is to not lose your ass vs REAL inflation.  Its more like a safe haven store of value, that is at least somewhat Shenanigans proof.


REAL Inflation=cost of necessities (food/Energy), not the CPI (which is basically the cost of a new TV)


If you want to actually have wealth appreciation gold and silver won't do it.  Unless you can pick the ups and downs.  I have no idea when it will turn back up, I just know that it will because of the forces in place.

so, in other words, you can't lose be it inflation OR deflation!  you've solved it; the perfect investment! 

The fed didn't stop printing .  The National Debt isn't shrinking.  The Deficit spending isn't receeding..

Gold and Silver are pulling back atm, but they can only go higher in the Long term given the above things.  This has happened before.  When gold hit 1000, significant correction..

1225 significant correction.  now its 1900 significant correction.  The bull market isn't over.

When the fed stops printing, the Nat debt starts shrinking, and there is no deficit spending, I'll sell all my gold and silver .

do you guys realize just how inane the gold/silver argument has become?  one year ago:

1.  of course the miners are up; they represent leveraged plays on the gold price and why wouldn't you want to own ounces in the ground.  its free money.
2.  of course GLD/SLV are up.  even though its paper gold, they allow the avg investor to own gold with just a click of the button.
3.  the official price is up.  of course it is dummy, the price is rising and just reflects the devaluing USD.

now:

1.  of course the miners are down; all they represent is paper gold.  they don't provide any value since you are subject to poor management and expense costs due to energy expenses.
2.  of course GLD/SLV are down; they're just paper gold in baskets.  they really don't have any gold in their vaults.
3.  of course the official price is down.  in fact, who cares if it crashes?  what REALLY matters is the street price plus the huge premium that will overall add up to over $2400 in value and much higher.

that last one is really insane.   when i cashed out my pm's last yr the coin dealer checked his computer screen on Kitco and offered me the official price minus 4%.  i then received a 1099 last month on the cash i received on which i will have to pay ordinary income taxes on, not capital gains.  truly sucks.  the illiquidity of pm's is a big problem as well.

I want some silver too... but let it get down into the 20's first.

Yeah silver is taking it in the shorts, buying oppurtunity!!!  

silver down 8%.

my predictions apply to the intermediate/long term.

cypher, I’ll listen to this podcast now, thanks.

Sorry, let me reiterate:

Gold collapsing. Bitcoin collapsing more quickly.

this thread was started 3/13

Bitcoin  5.40

Gold 1690.


today 3/22

Bitcoin 4.77   (down ~12%)

Gold 1640  (down ~3%)


Which one is "Collapsing"

 

i disagree.  Bitcoin is holding well.  not surprising if you listen to this podcast for the deflationary case and why pm's are a problem:

http://www.extraenvironmentalist.com/episode-38-hard-times/