Topic: Gold collapsing. Bitcoin UP. - page 1546. (Read 2032286 times)

S&P just bounced off of 1400... its not crashing yet...

I would say gold up, bitcoin correcting

This week it's gold up, BTC collapsing.

oh how true. and in any of the precondition cases, the govt. needs lots of money, so the TAX WILL BE HIGH!

EDIT: gee, I'm in a babbly mood today.

why not? that might turn out to be the deal of your life.

this statement is problematic, because it only is really money if enough people think so and/or use it as such.

Silver has really been money and it might really be again, but quite frankly, while you can buy stuff with silver in many places, I would say it currently really isn't.

A lot of people understand, but these have already bought and are waiting for even lower prices to keep stacking.

Thing is: The group of people that understand does not have much influx, so most members are in waiting mode hoping for a big smack-down.

red herring.  these type of announcements always occur at tops.  JPM did the same. 

classic mistake of buying high and selling low.

I'm interested (without prejudice; I don't have a horse in this race), how Apple's recent decision to start buying back stock and issuing dividends affects your analysis?

Won't their buying push the price up?

GDX breaks below major support level.  AAPL making the turn lower.

Hey my friend,

you haven' given me any love yet for my 10/6/11 call that stocks would clear the May highs.  i only ask cuz you publicly disagreed with me at the time.  

oh my.

in case of a monetary reform and/or a war and/or a new government real estate isn't the "best" of the options since you cannot move it, hide it... but it WILL BE TAXED!

digital money relates to PMs the same way paper money does.

and how long term PM bulls look at this ?

http://www.cbsnews.com/8301-202_162-57399610/sweden-moving-towards-cashless-economy/

what are exit strategies ?

I also do not trust anyone anymore,
so, btc, PMs, cash and real estate are my preferred choices,
I currently do not own only real estate
it is the only thing of the above that has no allodial title to it
http://en.wikipedia.org/wiki/Allodial_title

but problem is that cash and PMs look too grim,
and I "have to" exit the stock market soon
cant put it all into  btc

some of these questions and the scenarios derived from the answerse indeed supercede any and all technical analyses.

while these are all well considered and interesting to read, the private investor (such as myself) should look far beyond what any trader (also: such as myself) would consider in making decisions.

if it all goes "to shit" then you're far better off with austrian harmonics and maples as well as some 5g gold bars than with some piece of paper you boght or sold for immediate profit.

there are in fact (at least) TWO DIFFERENT ways and motivations to invest in Gold and Silver. OP is in one camp. I am in the other.  Both investors have completely different motivations. Holding PMs physically is a completely different ballgame (considerung the premiums alone).


Disclosure: I own physical gold and silver. I am constantly replenishing and adding to my portfolio. I will continue to buy because I do not trust paper money and I do not trust paper receipts. I do also invest in stocks and bonds, but only short- and midterm.

can you elaborate on these few things :

ratio of physical to paper metals

diminishing stockpiles of silver available for investors

increasing investors fears, (nowhere to go)
or, if you own stocks , when you want to sell and get out, it has to go through bank and could "vaporize"
just like in mf global case

possibilities of great war
looks like big countries are abandoning usd

china acting like all commodities are "too cheap"
buying more than needed for production

its important to view pm's in the context of the economy as a whole.  which is why you see me constantly talking about other markets besides pm's in my blog and in my posts here.  pm's are affected by these other market movements.  Bitcoin is even one of those markets that i believe has significance.

when i called the bottom of the stock market correction here on Oct 6th, 2011:  https://bitcointalk.org/index.php?topic=35956.msg560220#msg560220 i even went as far as to project a move up and beyond the May 2011 highs in the Dow.  seems so long ago. we reached it and was one of the greatest calls of my career.

when i made that call even then i knew i would be looking for a particular setup in markets once this was accomplished as now which would indicate a top.  specifically divergences among other things.  we have that setup now.  once stocks roll, and it could even start tomorrow, i think there's a good chance we go all the way down to revisit March, 2009 and perhaps lower over the next 4 yrs.

if we do, what do you think will happen to pm's and their stocks?  they will plunge below $500 i believe.  go back and review what happened to pm miners in 2008.  carnage.  the gold price dropped but it wasn't catastrophic.  this time i think it will be worse b/c we're at the end of a 12 yr bull mkt.  this wil be THE BIG ONE.

inflationists and pm bulls will say that the Fed will just print and won't let markets go down.  i ask; why did they let us have 2 devastating stock crashes in the last 12 yr and a housing implosion?

My Main Man Miscreanity.  i've been holding my breath waiting for you to show up.  now its time for my head to hurt!

you're the only one who's opinion i value around here even if i don't think its right!

give me a bit to get my head together and i'll consider starting up our heated discussions once again.  not sure i want to.