All time high on gold!

[Neuro]

Right now at $1902 earlier at $1907. According to Kitco earlier ath was $1900.30 in 2011!

[woodman]

History is being made. I think alot more 'history' is on the way.

[osoab]

Pd @ 2300.

I will yawn until we see 2500 frn gold. Head fake break out by tptb to get some lemmings in before they crash the market price.

[ziero0]

All time high on gold

Should read
DOLLAR HITS ALL TIME LOW

[vacuum]

Pd @ 2300.

I will yawn until we see 2500 frn gold. Head fake break out by tptb to get some lemmings in before they crash the market price.

If Trump wins reelection, I think metals prices are going to go back down.

The election is political uncertainty, which causes metals to rise.

The only thing I'm concerned about is possible inflation from the covid bucks.

[EE_]

If Trump wins reelection, I think metals prices are going to go back down.

The election is political uncertainty, which causes metals to rise.

The only thing I'm concerned about is possible inflation from the covid bucks.

I don't think pm's are going down either way. Liberal cities are collapsing, money printing will continue unabated and we may see bigger riots when Trump wins. Travel/tourism, sports, Las Vegas/casinos, airlines, amusement parks, restaurants, cruise ships, luxury retail, conventions, concerts...to name a few, are all dead in the water for the foreseeable future
IMO, the PM train has left the station.

[EE_]

Pd @ 2300.

I will yawn until we see 2500 frn gold. Head fake break out by tptb to get some lemmings in before they crash the market price.

I expect you will stop yawning by November.

[Hitch]

I expect you will stop yawning by November.

Since I don't plan on selling any of my gold or silver for the foreseeable future, I just want to see Osoab stop yawning. It's not healthy to be yawning for years over the price of gold and silver.

I agree with your earlier post, the bus has left the station. I also agree $2500 gold by November. Not buying or selling, just watching the ride.

[osoab]

I expect you will stop yawning by November.

We have been waiting quite some time especially for us newbies in 2008. We know of the suppression games. We know the tricks they play.

I see a headfake for the RobinHooders.

A Record 170 Tons Of Physical Gold Were Just Delivered On The COMEX: Here's Why (https://www.zerohedge.com/markets/record-170-tons-physical-gold-were-just-delivered-comex-heres-why)
Playing games is making this move. Once the game can't be played, the the price will crater. Probably times with a Fed pullback on it's buying spree.

[RatHoler]

This is all irrelevant. I'll tongue your balls if we see $2500 gold before November. Come on guys, how many times have we been down this road?
BTW: Silver sucks the biggest and fattest schlong of them all. Wake me up at $40............
Massive head fake by the Kikes.

[EE_]

This is all irrelevant. I'll tongue your balls if we see $2500 gold before November. Come on guys, how many times have we been down this road?
BTW: Silver sucks the biggest and fattest schlong of them all. Wake me up at $40............
Massive head fake by the Kikes.

We've never been down this road before, pandemic hoax, Democrats crashing our country, massive money printing, complete loss in faith in government, global economies in tailspin, war being set up with China. Your avatar can tongue my balls any day of the week!

[RatHoler]

Love the response EE!
However, we have been down this road before. I was awaken in 2008 and joined the now defunct jew ridden GIM. We're done.
I have said this before and I'll say it again: it's over, we need to all move to about 3-4 states and overtake them and create our own new country.
We will never overtake them again the way it is setup now. Time to regroup and settle into the same state(s) and start over.
Let's all stop bitching and choose the most likely states we can overcome.

[Hitch]

Love the response EE!
However, we have been down this road before. I was awaken in 2008 and joined the now defunct jew ridden GIM. We're done.
I have said this before and I'll say it again: it's over, we need to all move to about 3-4 states and overtake them and create our own new country.
We will never overtake them again the way it is setup now. Time to regroup and settle into the same state(s) and start over.
Let's all stop bitching and choose the most likely states we can overcome.

Think CA if you want to take over a state and fix it. Great beaches, weather, mountains, excellent farmland we produce a lot of food. Ranches for beef. CA needs a do over. A complete rebuild, and it could be great again. Kick out most of the population and send them to Boise ID. Build a huge wall at the border. Heck I would just be satisfied with the Northern part of CA. Let's have our own gold/silver backed currency too.

[RatHoler]

I like it Pete, but it will never happen. Too many shines and wetbacks.
I'm thinking more likely mountain and central time zone states.

[osoab]

Since I don't plan on selling any of my gold or silver for the foreseeable future, I just want to see Osoab stop yawning. It's not healthy to be yawning for years over the price of gold and silver.

I agree with your earlier post, the bus has left the station. I also agree $2500 gold by November. Not buying or selling, just watching the ride.

I ain't been sleeping well. Get a few hours and then that is it. Might need to try the "2nd sleep" thing. I just think we are going along the "Oy Vey" price roller coaster again. Hopium is a drug that kills, maims, and bankrupts.

[woodman]

Hopium is a drug that kills, maims, and bankrupts.
This would make a great quote!

[BrewTech]

I ain't been sleeping well. Get a few hours and then that is it. Might need to try the "2nd sleep" thing. I just think we are going along the "Oy Vey" price roller coaster again. Hopium is a drug that kills, maims, and bankrupts.


No kidding. I'm at 4-5 hours max. Can't be good for the mind... not enough time to psychologically reorganize, especially with the amount of incoming info to be sorted out these days.

[Hitch]

No kidding. I'm at 4-5 hours max. Can't be good for the mind... not enough time to psychologically reorganize, especially with the amount of incoming info to be sorted out these days.

Why aren't you guys sleeping well? Are you guys still able to work? I know it's crazy times we live in, but we've been mentally and physically preparing for this shit for awhile.

I don't really care what the price of gold and silver are right now, I'm glad I've got a little for insurance reasons. What keeps me 'grounded' right now, is just hard work. Thankfully I'm still employed and busy, and working hard on projects on my off time. I feel blessed to be so busy, more busy than I enjoy, but blessed all the same.

Be well.

[EE_]

Gold just broke through the 2011 high of $1,912
Tonight $1,942.60. I think if we close above the high tomorrow, it's off to the races.

Silver high so far tonight $24.29

APMEX is asking $36.05 for 2020 silver eagles

[EE_]

"All Roads Lead To Gold" In A Credit Implosion; Holter
by Tyler Durden
Sun, 07/26/2020 - 16:05
Via Greg Hunter’s USAWatchdog.com,

Financial writer and precious metals expert Bill Holter says, “Gold is like a tractor in first gear pulling up a hill,” as it touches all-time highs once again.

Holter thinks the “gold tractor” is going to be shifting up a few gears in the not-so-distant future. Holter, who has been dubbed the new “Mr. Gold” by the reigning “Mr. Gold,” Jim Sinclair, explains,

“There is no rush like a gold rush. The reason being is you get momentum followers. You get people who are greedy who want to make money. Then you have the fear trade, and the fear trade is probably the most powerful emotion.

What you are seeing around the world is big money understands we have a credit implosion coming, which is going to take the currencies with it.

Where do you hide? The place to hide is in gold and silver.”

As much as Holter likes gold, he says silver is way undervalued compared to gold. Holter has long said when silver prices takes off, “it will be like gold on steroids.” Holter says,

“The reason silver is undervalued is it comes out of the earth at 10 (ounces of silver) to 1(ounce of gold). That’s God’s ratio. Man’s ratio had gotten to 120 to 1. I can tell you which ratio is right and which ratio is wrong.” Holter thinks God’s ratio is the correct one.

Holter says, “All roads lead to gold” especially in today’s economic environment. Holter explains,

“Gold is the arch enemy of fiat currencies. . . . You can just use your common sense and see we have a big, big problem out there, and capital is going to need a place to hide. Gold and silver are the only money that do not have any liability. Gold and silver are proof that labor, capital and equipment were used to create that. It already has been done, whereas everything else is a future promise, and promises are made to be broken . . . . .

The central banks must either inflate or die. . . . The central banks have to reflate or inflate, whatever you want to call it; otherwise, the entire credit system comes down. If they don’t inflate and they let the credit system come down, then you have a massive deflationary event where credit implodes. All the currencies themselves are credit. So, if the credit system comes down, it also takes the currencies with it. . . .

With all the debt out there, the central banks must hyper-inflate. Where’s the best place to be in a hyperinflation? Gold and silver. If they don’t hyper-inflate, and they let the credit markets completely collapse and everything defaults, what’s the best place to hide? Gold and silver because they have no liability. They are pure money. That’s why all roads lead to gold.”

Holter goes on to say, “You could have both. We could have a credit implosion, and the Fed creates $100 trillion and puts it into the system. That’s the only response they have if things get out of hand. . . . It’s inflate or die.”

In closing, Holter warns people to get ready and buy physical assets. This include food and water and anything else you might need. Holter predicts,

“You are going to lose purchasing power. Just look at history. Every time a currency has failed, the population loses its purchasing power. Just because this is the United States, it doesn’t mean we can break the laws of Mother Nature. We are going to face a huge drop in purchasing power and a huge drop in our standard of living. We have said this for years and have been trolled for years, and now here we are.”

Holter also points out the legendary gold investor Jim Sinclair is the original Mr. Gold, and Holter says, “Jim is Mr. Gold emeritus.”

Join Greg Hunter of USAWatchdog.com as he goes One-on-One with the new “Mr. Gold” Bill Holter of JSMineset.com.


https://www.youtube.com/watch?v=eA58ZrSxZtM&feature=emb_title

https://www.zerohedge.com/commodities/all-roads-lead-gold-credit-implosion-holter

[EE_]

https://www.youtube.com/watch?v=ZmXHrUOF4FU&feature=youtu.be

[Horn]

And you can clean it with an alcohol spray too.

[Neuro]

We've never been down this road before, pandemic hoax, Democrats crashing our country, massive money printing, complete loss in faith in government, global economies in tailspin, war being set up with China. Your avatar can tongue my balls any day of the week!

Sounds like the conditions in Weimar Germany in around 1920. Though the pandemic was real then...

[Neuro]

Gold just broke through the 2011 high of $1,912
Tonight $1,942.60. I think if we close above the high tomorrow, it's off to the races.

Silver high so far tonight $24.29

APMEX is asking $36.05 for 2020 silver eagles
Wow physical silver premium of $12 almost

[mamboni]

This is getting scary. It looks like the dollar is starting to collapse - finally. Gold and silver are not just rising - they are skyrocketing. If this trend continues the vast majority of Americans are going to get wiped out financially. So many millions are already unemployed, broke and hanging by a thread. I've noticed that food prices are starting to climb conspicuously. We are going to see increasing homelesness, unrest and starvation. If the dollar fails, the feds will lose all ability to help people survive. It will come down to marshal law and military occupation.

Seriously, I think this is finally it. We've reached the end.

May God help us

[Neuro]

This is getting scary. It looks like the dollar is starting to collapse - finally. Gold and silver are not just rising - they are skyrocketing. If this trend continues the vast majority of Americans are going to get wiped out financially. So many millions are already unemployed, broke and hanging by a thread. I've noticed that food prices are starting to climb conspicuously. We are going to see increasing homelesness, unrest and starvation. If the dollar fails, the feds will lose all ability to help people survive. It will come down to marshal law and military occupation.

Seriously, I think this is finally it. We've reached the end.

May God help us

The richest in the cabal borrowed from the future of the poorest. And the future is aproaching now! Yes shitstorm is coming.

[EE_]

This is getting scary. It looks like the dollar is starting to collapse - finally. Gold and silver are not just rising - they are skyrocketing. If this trend continues the vast majority of Americans are going to get wiped out financially. So many millions are already unemployed, broke and hanging by a thread. I've noticed that food prices are starting to climb conspicuously. We are going to see increasing homelesness, unrest and starvation. If the dollar fails, the feds will lose all ability to help people survive. It will come down to marshal law and military occupation.

Seriously, I think this is finally it. We've reached the end.

May God help us

Insert silver rocket here:

[madfranks]

This is getting scary. It looks like the dollar is starting to collapse - finally. Gold and silver are not just rising - they are skyrocketing. If this trend continues the vast majority of Americans are going to get wiped out financially. So many millions are already unemployed, broke and hanging by a thread. I've noticed that food prices are starting to climb conspicuously. We are going to see increasing homelesness, unrest and starvation. If the dollar fails, the feds will lose all ability to help people survive. It will come down to marshal law and military occupation.

Seriously, I think this is finally it. We've reached the end.

May God help us

I don't think the Dollar is collapsing, I think it's the direct "hot" inflation of the first round of stimulus getting priced into the markets. Still not good long term, but I don't think the end of the dollar is here (yet).

[EE_]

Tonight
Gold $1,976.90
Silver $26.17

ratio 76.34

[osoab]

I am going to take a different approach.

Is it time to unload some?

[Hitch]

I am going to take a different approach.

Is it time to unload some?

Dude, you were just yawning a bit a go. Now you are thinking of unloading?

What's your spread from yawning to unloading? 25 cents?

Some of you guys, man crack me up. You just can't go from yawning to unloading that quick.

[PatColo]

Wow physical silver premium of $12 almost

that EU? Sweden?

what's a USA bullion dealer nowdaze, with a rep for lowest premiums, whose Au/Ag premiums I can keep an eye on... via their near/real-time website?

Is https://www.apmex.com/ still any good? With current spot gyrating around $25 atm; they're currently showing ~$10-12 premiums on Ag Eagles, depending on quantity


1 oz Silver American Eagle BU (Random Year)
$35.46
As Low As
(https://www.apmex.com/product/23331/1-oz-silver-american-eagle-bu-random-year)


Quantity
Check/Wire


1 - 19
$37.46


20 - 99
$36.96


100 - 499
$36.46


500 - 999
$35.96


1000 +
$35.46

[osoab]

Dude, you were just yawning a bit a go. Now you are thinking of unloading?

What's your spread from yawning to unloading? 25 cents?

Some of you guys, man crack me up. You just can't go from yawning to unloading that quick.

no one never went broke taking profits.

[PatColo]

Apmex krug's atm, w goldprice.org reporting Au @ $1943 -- so apmex premium $100-110


South Africa 1 oz Gold Krugerrand (Random Year)
$2,041.29
As Low As
(https://www.apmex.com/product/62/south-africa-1-oz-gold-krugerrand-random-year)


Quantity
Check/Wire


1 - 9
$2,051.29


10 - 19
$2,046.29


20 +
$2,041.29

[vacuum]

I bought some silver years ago, but was lax in buying any since then.

I'm considering doubling the total amount I have, but not sure if it would be smart or dumb to do that now.

[Horn]

I bought some silver years ago, but was lax in buying any since then.

I'm considering doubling the total amount I have, but not sure if it would be smart or dumb to do that now.

You could always Sell the old other half later as used..

[jcismylord]

I am going to take a different approach.

Is it time to unload some?

I am unloading bit-by-bit.
I will continue the said unloading for as long as I have other-than-pm place to put the "money".
Currently such "other place" is me mortgage.
Suppose when that is done and over, then what other place there is ?
Cash - heck no. Its a conundrum.
Other ideas ? Please advise.

[Neuro]

no one never went broke taking profits.

Only those in Weimar Germany that sold gold in 1921 and 1922...

[ziero0]

Its a conundrum.
Other ideas ? Please advise.

Food. Ammo. Camping gear. Water filtration stuff. Booze. Drums of gasoline. Comms gear. Solar heat and electric. Night vision. Chickens. Just to name a few.

[Horn]

Chicken coup comes before the chicken.

Silver needs $133 an oz. to obtain a Paris std.

[osoab]

Where are the rocket riders now? :D

[JDRock]

Neuro, you should stop posting on this topic before people actually think that this forum has something to do with PMs.

[Neuro]

I am unloading bit-by-bit.
I will continue the said unloading for as long as I have other-than-pm place to put the "money".
Currently such "other place" is me mortgage.
Suppose when that is done and over, then what other place there is ?
Cash - heck no. Its a conundrum.
Other ideas ? Please advise.

If you dont have, fertile land far from ”civilization” as it becomes uncivilized. If you already have that, surrounding lands, and equipment for self sufficiency (solar panels, rainwater collection/well, chicken coup, barn) and defense (solid house, fence, dogs, weapons) . If you have a large solar electric system you could actually consider getting a Tesla Cyber truck. It looks like its pretty indestructible and could come useful...

[osoab]

If you dont have, fertile land far from ”civilization” as it becomes uncivilized. If you already have that, surrounding lands, and equipment for self sufficiency (solar panels, rainwater collection/well, chicken coup, barn) and defense (solid house, fence, dogs, weapons) . If you have a large solar electric system you could actually consider getting a Tesla Cyber truck. It looks like its pretty indestructible and could come useful...

The new EV Hummer will go 0-60 faster than a Mod 3

[ziero0]

The new EV Hummer will go 0-60 faster than a Mod 3
Ziero0's 3rd Law of Motion: Retreats always happen faster than advances.

Conclusion:. The new EV Hummer is designed for the retreat.

[jcismylord]

If you dont have, fertile land far from ”civilization” as it becomes uncivilized. If you already have that, surrounding lands, and equipment for self sufficiency (solar panels, rainwater collection/well, chicken coup, barn) and defense (solid house, fence, dogs, weapons) . If you have a large solar electric system you could actually consider getting a Tesla Cyber truck. It looks like its pretty indestructible and could come useful...

This is a very solid piece of advice.
That is also one of two things that I was thinking about.
One of them is fertile land and another is to own a small business or a part of it.
So far I have been not too keen to explore that, because of government discouraging the land ownership though the mechanism of Real Estate taxes as well as government's oppression of small businesses though taxation and regulation.

[Horn]

Where are the rocket riders now? :D

You mean the Bitcoin-anti correct..

Fuggin goy Rockets never fail, do they???

[woodman]

Looks like the Gold price and the Palladium prices are about to cross.

[EE_]

Do you guys know of any good forums that are primarily into precious metals...sites that aren't about trashing Trump all the time?
Precious metals are getting exciting again.

[keehah]

Neuro, you should stop posting on this topic before people actually think that this forum has something to do with PMs.

We lost many of those files during the gimping accident.

[osoab]

do you guys know of any good forums that are primarily into precious metals...sites that aren't about trashing trump all the time?
Precious metals are getting exciting again.

gim2 ???

[Horn]

Do you guys know of any good forums that are primarily into precious metals...sites that aren't about trashing Trump all the time?
Precious metals are getting exciting again.

Tough question, can you read Hebrew?

[EE_]

Pd @ 2300.

I will yawn until we see 2500 frn gold. Head fake break out by tptb to get some lemmings in before they crash the market price.

Only $450 to go until osoab stops yawning. It's looking like the yawning will stop sooner then we think.

[Neuro]

gim2 ???

Goy is manipulated 2?

[Neuro]

Neuro, you should stop posting on this topic before people actually think that this forum has something to do with PMs.

Being able to post a chart once in a while would give that impression perhaps?

[Hitch]

Only $450 to go until osoab stops yawning. It's looking like the yawning will stop sooner then we think.

I'm starting to think Osoab is a socialist marxist. Gold can go to $2500 and he will still be yawning.

EE, as free men, let's enjoy this run on Gold price. God bless you all here on GSUS. Let's watch Gold and Silver.

[osoab]

I'm starting to think Osoab is a socialist marxist. Gold can go to $2500 and he will still be yawning.

EE, as free men, let's enjoy this run on Gold price. God bless you all here on GSUS. Let's watch Gold and Silver.

At least I am not filled with hopium flying on the back of a unicorn. Even 2500 Au, what does that get us? Nothing. Other than for an accumulating or sell price, why do we care about and arbitrary number?

[woodman]

At least I am not filled with hopium flying on the back of a unicorn. Even 2500 Au, what does that get us? Nothing. Other than for an accumulating or sell price, why do we care about and arbitrary number?
I just keep in mind my reason for holding what I can; protect myself from the inevitable slide of the dollar into oblivion.

[monty]

At least I am not filled with hopium flying on the back of a unicorn. Even 2500 Au, what does that get us? Nothing. Other than for an accumulating or sell price, why do we care about and arbitrary number?

Exactly. An ounce of gold is still an ounce of gold. The number of FRNs goes up in relation to an ounce of gold as the FRN loses its value.

[EE_]

Exactly. An ounce of gold is still an ounce of gold. The number of FRNs goes up in relation to an ounce of gold as the FRN loses its value.

Those number of FRN's going up will pay off more fixed rate debt, like home mortgages and auto loans.

[Ares]

Those number of FRN's going up will pay off more fixed rate debt, like home mortgages and auto loans.

Right, but it is a double edged sword. The value is inverse with regards to the FRN price of gold. The more FRN's it takes to purchase gold / silver the lower the value of the unit of account actually is. With interest rates getting so low, wife and I are re-financing and got a rate in the mid 2% range which is damn near close to the rate of inflation. Well not currently since according to shadowstats CPI is at 0% or very close too.

Regardless its still an uneasy feeling seeing the death of a currency, especially a global one. The problem and uneasiness for all of us is what comes next? Enslavement or Freedom, those really are the only options.

[EE_]

Right, but it is a double edged sword. The value is inverse with regards to the FRN price of gold. The more FRN's it takes to purchase gold / silver the lower the value of the unit of account actually is. With interest rates getting so low, wife and I are re-financing and got a rate in the mid 2% range which is damn near close to the rate of inflation. Well not currently since according to shadowstats CPI is at 0% or very close too.

Regardless its still an uneasy feeling seeing the death of a currency, especially a global one. The problem and uneasiness for all of us is what comes next? Enslavement or Freedom, those really are the only options.

I kind of wish the price wasn't move so fast, it's hard to figure out what to do regarding selling, or buying.
I bought 2 tubes of 2016 maples out of a monster box about 3 months ago, I would have bought more if the dealer had them. These were his last ones. I paid $980 for the two...today APMEX wants $1,900 for the same two tubes. That's a big move! Ya have to wonder, is this the moon shot we've been waiting for, or another pump and dump?
The premiums make you think dealers know prices are going much higher. Silver eagles are ridiculously high.

[Ares]

I kind of wish the price wasn't move so fast, it's hard to figure out what to do regarding selling, or buying.
I bought 2 tubes of 2016 maples out of a monster box about 3 months ago, I would have bought more if the dealer had them. These were his last ones. I paid $980 for the two...today APMEX wants $1,900 for the same two tubes. That's a big move! Ya have to wonder, is this the moon shot we've been waiting for, or another pump and dump?
The premiums make you think dealers know prices are going much higher. Silver eagles are ridiculously high.

I'm leaning more towards a moonshot this time. You have Mexico and Peru 2 large Silver producing countries offline due to the "pandemic". You also have mints cutting production causing a huge surge in demand for physical Silver. The shorts got bled dry in the crimex and have been reducing their short position very quickly moving to longs.

The shorts were absolutely slaughtered lately, I don't like seeing anyone lose money but since the vast majority of the shorts were commercial banks I had to smile. :)

[Shami-Amourae]

I don't think pm's are going down either way. Liberal cities are collapsing, money printing will continue unabated and we may see bigger riots when Trump wins. Travel/tourism, sports, Las Vegas/casinos, airlines, amusement parks, restaurants, cruise ships, luxury retail, conventions, concerts...to name a few, are all dead in the water for the foreseeable future
IMO, the PM train has left the station.

People are losing faith in fiat currencies and will increasingly flee to Precious Metals (Boomers + Millennials) and Crypto (Millennials + Zoomers).

I'd recommend selling most of your Gold/Silver during this collapse and buy up real assets like real estate, businesses, and Bitcoin. Future generations after Boomers don't care about Precious Metals and never will again.

I think we will see $10,000+ Gold and $100+ Silver. Make fun of me in 3 years after this run.



Ethereum will break $10,000, IF and ONLY IF they sort out their scaling issues, so they can be the foundation of the Web 3.0. Thankfully side chains like PolkaDot are working to help scale Ethereum in the meantime (hint on buying opportunity.) Ethereum could take over everything, or some other smart contract platform like it (Cardano?).



Bitcoin is currently the 8th largest currency on the planet and it will be likely #1 to #3 in the next 10 years. We're talking a $1,000,000 Bitcoin in 10 years.

Buy a Bitcoin today, be a millionaire in 10 years. I'm talking in today's dollars, not inflated dollars (it will go higher).

[madfranks]

People are losing faith in fiat currencies and will increasingly flee to Precious Metals (Boomers + Millennials) and Crypto (Millennials + Zoomers).

I'd recommend selling most of your Gold/Silver during this collapse and buy up real assets like real estate, businesses, and Bitcoin. Future generations after Boomers don't care about Precious Metals and never will again.

I think we will see $10,000+ Gold and $100+ Silver. Make fun of me in 3 years after this run.



Ethereum will break $10,000, IF and ONLY IF they sort out their scaling issues, so they can be the foundation of the Web 3.0. Thankfully side chains like PolkaDot are working to help scale Ethereum in the meantime (hint on buying opportunity.) Ethereum could take over everything, or some other smart contract platform like it (Cardano?).



Bitcoin will be the new global reserve standard. Bitcoin is currently the 8th largest currency on the planet and it will be likely #1 to #3 in the next 10 years. We're talking a $1,000,000 Bitcoin in 10 years.

Buy a Bitcoin today, be a millionaire in 10 years. I'm talking in today's dollars, not inflated dollars (it will go higher).

Thanks for the ETH tip! And for the most part I agree, Bitcoin is getting bigger, no doubt.

[ziero0]

Buy a Bitcoin today, be a millionaire in 10 years. I'm talking in todays dollars, not inflated dollars (it will go higher).
A million WHAT?

I heard of a guy several years back who purchased a herd of 50 bred pigs and a pair of male deer. That way he could look the banker in the eye and say "I'm worth 50 sows and bucks."

[Ares]

People are losing faith in fiat currencies and will increasingly flee to Precious Metals (Boomers + Millennials) and Crypto (Millennials + Zoomers).

I'd recommend selling most of your Gold/Silver during this collapse and buy up real assets like real estate, businesses, and Bitcoin. Future generations after Boomers don't care about Precious Metals and never will again.

I think we will see $10,000+ Gold and $100+ Silver. Make fun of me in 3 years after this run.



Ethereum will break $10,000, IF and ONLY IF they sort out their scaling issues, so they can be the foundation of the Web 3.0. Thankfully side chains like PolkaDot are working to help scale Ethereum in the meantime (hint on buying opportunity.) Ethereum could take over everything, or some other smart contract platform like it (Cardano?).



Bitcoin is currently the 8th largest currency on the planet and it will be likely #1 to #3 in the next 10 years. We're talking a $1,000,000 Bitcoin in 10 years.

Buy a Bitcoin today, be a millionaire in 10 years. I'm talking in today's dollars, not inflated dollars (it will go higher).

Kind of why I like Waves, they've already solved their scalability issues. They just recently released their smart contract based stable coin called Neutrino (USDN). They just announced today that through some partnerships that they are building a decentralized FOREX.

https://medium.com/wavesprotocol/neutrino-defo-rmed-96e8d501724b

[ziero0]

Money has had a 2,000 year run. Salt was the coinage before coins. Paper has only had a 160 year run. Before that slaves were considered currency. Waves are appropriate because they travel long distances before decaying when they hit dry land.

I for one am awaiting a Tsunami. Likely this one will kill anyone close enough to touch it.

[Shami-Amourae]

Thanks for the ETH tip! And for the most part I agree, Bitcoin is getting bigger, no doubt.

Look into scaling solutions for Ethereum. Governments, Institutions, and Corporations are researching ways to implement their systems on it. Smart Contracts are the future of everything as everything will become digitized and tokenized. Our entire lives will become digitized. Part of the goal of this plandemic is to kick start people into that direction.

Crypto Chico is a major advocate for PolkaDot as a scaling solution and there's projects surrounding that you can invest in right now (PolkaDot is hard to invest into now.) My best gains this year were made on his calls.

https://www.youtube.com/watch?v=YnxQ48ZDbPo
This is like getting in on Bitcoin when it was $500.

Everyone is currently falling in line to Ethereum:

https://www.youtube.com/watch?v=j0Kkwb-R5mY

[Shami-Amourae]

Kind of why I like Waves, they've already solved their scalability issues. They just recently released their smart contract based stable coin called Neutrino (USDN). They just announced today that through some partnerships that they are building a decentralized FOREX.

https://medium.com/wavesprotocol/neutrino-defo-rmed-96e8d501724b

Many of the scaling solutions will fail, but I think if some pull it off they will moon. OMG Network was proposed as one but seems dead in the water currently.

If nothing works we can swap to Cardano, or something random like Elrond.

[Shami-Amourae]

A million WHAT?

I heard of a guy several years back who purchased a herd of 50 bred pigs and a pair of male deer. That way he could look the banker in the eye and say "I'm worth 50 sows and bucks."

I told everyone to buy Bitcoin at $4 in 2011 on this forum. Most people here laughed at me. It's at approximately $12,000 today.

[Ares]

Many of the scaling solutions will fail, but I think if some pull it off they will moon. OMG Network was proposed as one but seems dead in the water currently.

If nothing works we can swap to Cardano, or something random like Elrond.

Agreed, I've been following Waves for a while now. Since before they implemented the NG protocol. At current scale they are able to process over 6,000 transactions a minute, or about 10,000,000 transactions a day. Their stable coin so far has been well received. I am not currently staking any USDN at the moment but does have a pretty decent annual return of 13.75%. I am staking Waves as I'm working to acquire more of the underlying token for some of these other projects they are building.

Its definitely one of the more overlooked projects considering some of the partnerships they have. Microsoft, Deloitte, and Moscow stock Exchange to name a couple of the larger names. They've also recently partnered with Band protocol.

I'm definitely impressed with the strides they've made recently.

Ethereum has been struggling for years to overcome their scalability issues. I do hope they solve it as I do have some ETH that I'd rather not see go to waste.

[ziero0]

I told everyone to buy Bitcoin at $4 in 2011 on this forum. Most people here laughed at me. It's at approximately $12,000 today.
You know the same thing happened to me. I picked up a tape measure in 2008 that measures in parsecs and light years. Ever since then most things real fit between the smallest marks on my new tape measure!!!

Who needs money after all when you can only measure in Universes?

[EE_]

I told everyone to buy Bitcoin at $4 in 2011 on this forum. Most people here laughed at me. It's at approximately $12,000 today.

Many of us are kicking ourselves for that. Someone that used to be on gsus was telling us to buy at $40 too. I think that person is worth millions now and is too busy to be on a forum like this.

Shami, you must be worth a few million dollars now too, since getting in at $4. Have you hit the 100 million mark yet? Did you buy a luxury home with a Ferrari in the garage yet? A measly 400 dollar investment at $4 a bitcoin is now worth 1.2 million dollars.

Recently, bitcoin went from about $6,000 to $12,000, while silver went from $14.50 to $29.00...so both have been doing well.

[woodman]

I told everyone to buy Bitcoin at $4 in 2011 on this forum. Most people here laughed at me. It's at approximately $12,000 today.
I was one of those who thought it would go nowhere. I don't remember laughing at you though. If I had taken your advice I would be very rich now. Did you take your advice? I did read some articles about people that got burned badly by it when it crashed. It seemed they ended up owing the IRS enormous sums even though they had lost it all the next tax cycle when it crashed. The IRS is a fair weather friend it would seem; they are there with their hand out when you make money but when you loose during a seceding year, they are like a hooker who already has your wallet.

[Amanda]

I told everyone to buy Bitcoin at $4 in 2011 on this forum. Most people here laughed at me. It's at approximately $12,000 today.


Wow, good for you!! I wasn't here in 2011, but I sure wish someone told me about bitcoin back then. I don't know anything about the cryptos, I've just been sticking with gold and silver.

[woodman]

Wow, good for you!! I wasn't here in 2011, but I sure wish someone told me about bitcoin back then. I don't know anything about the cryptos, I've just been sticking with gold and silver.
This is after all a gold/silver forum and most of us here have a visceral hatred of fiat. Bitcoin smacked of fiat to me then and still does. All it is, is electronic impulses and as we know, it can certainly be hacked. Do I trust it? No. Is it worth a lot of Gold and silver right now? Yes. Can it crash faster than gold and silver? Probably, and can you hold it and use it and shape it and fashion it into beautiful things? No. It would seem it does have a couple of positives about it though. They say it is finite, although how would you know unless you are a tech-god, that it is being held true to it's bounds? At this time, it seems you can use it for purchases and not be traced. So both of these are huge positives.

Back on topic; how soon do we hit $3000 Gold? Then again, how soon do we hit $1200 gold? I just keep hoping these bastards who are pumpin' and dumpin' and manipulating short, get caught and spanked severely. One can only hope.

[Hitch]

I told everyone to buy Bitcoin at $4 in 2011 on this forum. Most people here laughed at me. It's at approximately $12,000 today.

I am another one who wished I listened to you. I didn't laugh either, but man you were right. Recently, a few months back during the height of this market drop from covid, a coworker and I were talking about investments. He was going to buy 2 bitcoin when it went down to $4000 abouts, and it did. I was going to buy into a little shelf stable food company that pays big dividends. My investment in the food company doubled. His would have tripled now, in just a few months. Unfortunately he didn't buy 2 bitcoin, family issues came up and he lost the window of opportunity.

I keep thinking that .govs are going to find a way to crush cryptocurrencies, which is why I still think they are risky. I'm getting older though, and am getting to the point where taking chances isn't of interest. Etherium sounds pretty good though.

We appreciate your contributions to the forum.

[Shami-Amourae]

Many of us are kicking ourselves for that. Someone that used to be on gsus was telling us to buy at $40 too. I think that person is worth millions now and is too busy to be on a forum like this.

Shami, you must be worth a few million dollars now too, since getting in at $4. Have you hit the 100 million mark yet? Did you buy a luxury home with a Ferrari in the garage yet? A measly 400 dollar investment at $4 a bitcoin is now worth 1.2 million dollars.

Recently, bitcoin went from about $6,000 to $12,000, while silver went from $14.50 to $29.00...so both have been doing well.

I told this story before: I had most of my crypto stolen in 2011. I got emotional and freaked and sold everything, buckling to the peer pressure because of emotions. I didn't look at crypto for a few years after.

Then I bought back in and lost half in the BTC-e raid by the Feds.

I've been through a ton of loss. I'm technically lower middle class now but if Bitcoin goes on a similar bull run I can retire a multi-millionaire this time. I'm fully ready this time not to fuck it up.

The best strategy is to simply cost-dollar-average and buy/hold till you have something you're ready to buy. I have an exit strategy and 100% ready if there's one more bull run.
It's a miracle I didn't off myself over losing almost everything. It haunts me every day and most people I tell this to laugh at me like and don't believe I bought in at $4 and am still not "rich". I have less money than most on this forum. Something like this happened to a major crypto YouTuber (That Martini Guy) and he had to start over and is a millionaire again, so it's possible to recover, much wiser. It made me a lot smarter and more careful.


The truth is many people from back in sold and then felt guilty buying in at lower prices. I won't make the same mistake again.
Any Bitcoin below $50,000 is worth buying in my opinion. Dollar-cost-average. Don't get emotional.

[Amanda]

This is after all a gold/silver forum and most of us here have a visceral hatred of fiat. Bitcoin smacked of fiat to me then and still does. All it is, is electronic impulses and as we know, it can certainly be hacked. Do I trust it? No. Is it worth a lot of Gold and silver right now? Yes. Can it crash faster than gold and silver? Probably, and can you hold it and use it and shape it and fashion it into beautiful things? No. It would seem it does have a couple of positives about it though. They say it is finite, although how would you know unless you are a tech-god, that it is being held true to it's bounds? At this time, it seems you can use it for purchases and not be traced. So both of these are huge positives.

Back on topic; how soon do we hit $3000 Gold? Then again, how soon do we hit $1200 gold? I just keep hoping these bastards who are pumpin' and dumpin' and manipulating short, get caught and spanked severely. One can only hope.

yes, I don't really know anything about the cryptos, and they just made me suspicious. Ron Paul actually says bitcoin is in a bubble. I feel safer with the metals.

[Shami-Amourae]

I keep thinking that .govs are going to find a way to crush cryptocurrencies, which is why I still think they are risky.

They want to ban it but it's too late. It's like shutting down the Internet in 2000. To many businesses and things being used by it. Bankers now are making money off of it. Rich people are parking their money into it this bull run.

Any bank that doesn't transition into working with crypto will die, and the ones that do will thrive.

It's never going away. The only issue is the capital gains taxes with trading and selling it. We need a solution to taxation of cryptos.

[Shami-Amourae]

yes, I don't really know anything about the cryptos, and they just made me suspicious. Ron Paul actually says bitcoin is in a bubble. I feel safer with the metals.

Boomers only understand Boomer Rocks and not real digital money (Bitcoin).

[RatHoler]

People are losing faith in fiat currencies and will increasingly flee to Precious Metals (Boomers + Millennials) and Crypto (Millennials + Zoomers).

I'd recommend selling most of your Gold/Silver during this collapse and buy up real assets like real estate, businesses, and Bitcoin. Future generations after Boomers don't care about Precious Metals and never will again.

I think we will see $10,000+ Gold and $100+ Silver. Make fun of me in 3 years after this run.



Ethereum will break $10,000, IF and ONLY IF they sort out their scaling issues, so they can be the foundation of the Web 3.0. Thankfully side chains like PolkaDot are working to help scale Ethereum in the meantime (hint on buying opportunity.) Ethereum could take over everything, or some other smart contract platform like it (Cardano?).



Bitcoin is currently the 8th largest currency on the planet and it will be likely #1 to #3 in the next 10 years. We're talking a $1,000,000 Bitcoin in 10 years.

Buy a Bitcoin today, be a millionaire in 10 years. I'm talking in today's dollars, not inflated dollars (it will go higher).
Shami: Was the bolded above a typo? It seems when people talk about the generations these days all we hear about is Millennials and Boomers. How come no one mentions the generation that works their asses off and drives this country? Gen X'ers are the forgotten generation that still spend a lot of money. Granted, I'm not a fan that many of them raised snowflake faggot children, but X'ers themselves are typically hardworking and lean more to the right. I believe this is the generation that is purchasing a lot of PM's.

[woodman]

I told this story before: I had most of my crypto stolen in 2011. I got emotional and freaked and sold everything, buckling to the peer pressure because of emotions. I didn't look at crypto for a few years after.

Then I bought back in and lost half in the BTC-e raid by the Feds.

I've been through a ton of loss. I'm technically lower middle class now but if Bitcoin goes on a similar bull run I can retire a multi-millionaire this time. I'm fully ready this time not to fuck it up.

The best strategy is to simply cost-dollar-average and buy/hold till you have something you're ready to buy. I have an exit strategy and 100% ready if there's one more bull run.
It's a miracle I didn't off myself over losing almost everything. It haunts me every day and most people I tell this to laugh at me like and don't believe I bought in at $4 and am still not "rich". I have less money than most on this forum. Something like this happened to a major crypto YouTuber (That Martini Guy) and he had to start over and is a millionaire again, so it's possible to recover, much wiser. It made me a lot smarter and more careful.


The truth is many people from back in sold and then felt guilty buying in at lower prices. I won't make the same mistake again.
Any Bitcoin below $50,000 is worth buying in my opinion. Dollar-cost-average. Don't get emotional.
Well Shami, I can pretty much bet that none of us here will so quickly discount anything you say. Not after seeing how the Coin played out.

Quote: "I got emotional and freaked out and sold everything."
You succumbed to the same thing that has bitten everyone of us; namely, making decisions based on emotion. It will bite you. I know it has me. \uu\ Here's to getting wiser. As far as the BTC-e raids by the Feds, I have not heard of this.

[Shami-Amourae]

Shami: Was the bolded above a typo? It seems when people talk about the generations these days all we hear about is Millennials and Boomers. How come no one mentions the generation that works their asses off and drives this country? Gen X'ers are the forgotten generation that still spend a lot of money. Granted, I'm not a fan that many of them raised snowflake faggot children, but X'ers themselves are typically hardworking and lean more to the right. I believe this is the generation that is purchasing a lot of PM's.

Gen-X is in between 50/50 Blend on investing. A lot of them are XRP fanatics.

I ignore Gen-X since they aren't a distinctly different group, more of a grey.

[EE_]

I told this story before: I had most of my crypto stolen in 2011. I got emotional and freaked and sold everything, buckling to the peer pressure because of emotions. I didn't look at crypto for a few years after.

Then I bought back in and lost half in the BTC-e raid by the Feds.

I've been through a ton of loss. I'm technically lower middle class now but if Bitcoin goes on a similar bull run I can retire a multi-millionaire this time. I'm fully ready this time not to fuck it up.

The best strategy is to simply cost-dollar-average and buy/hold till you have something you're ready to buy. I have an exit strategy and 100% ready if there's one more bull run.
It's a miracle I didn't off myself over losing almost everything. It haunts me every day and most people I tell this to laugh at me like and don't believe I bought in at $4 and am still not "rich". I have less money than most on this forum. Something like this happened to a major crypto YouTuber (That Martini Guy) and he had to start over and is a millionaire again, so it's possible to recover, much wiser. It made me a lot smarter and more careful.


The truth is many people from back in sold and then felt guilty buying in at lower prices. I won't make the same mistake again.
Any Bitcoin below $50,000 is worth buying in my opinion. Dollar-cost-average. Don't get emotional.

My biggest fear of cryptos at this point, is buying in with hard earned cash and having something go wrong. I feel like you could push the wrong key and go to zero. Or lose your password, or get hacked while transferring funds. There is absolutely no protection against loss.
At $4 there was no risk, but if you throw 25, or 50 thousand in and lose it, it would be very upsetting, especially now that I'm retired and I don't want to go back to work.

I disagree that Millennials and Zoomers will have no interest in precious metals. With AI coming on, the internet is becoming less safe, I think everything will be tracked, or what would happen if China took down the global internet? We still don't know what will happen when the digital dollar is introduced...it's coming.
The Millennials and Zoomers might change their mind and realize the value of tangible assets.

[Hitch]

This is a great discussion, and at gold being $2070, silver near $30. You have to take precious metals seriously. Gold may never go below 2K, nor silver below $30 ever again. I don't think age or anything has to do with it, metals are an asset, tangible.

Hold physical gold and silver.

Bitcoin, could take off again. In percentages, it might win. People fleeing out of currencies. There's only one wrong answer here, the value of the US dollar.

[EE_]

Russia-China "Dedollarization" Reaches "Breakthrough Moment" As Countries Ditch Greenback For Bilateral Trade
by Tyler Durden
Thu, 08/06/2020 - 17:05

Late last year, data released by the PBOC and the Russian Central Bank shone a light on a disturbing - at least, for the US - trend: As the Trump Administration ratcheted up sanctions pressure on Russia and China, both countries and their central banks have substantially "diversified" their foreign-currency reserves, dumping dollars and buying up gold and each other's currencies.

Back in September, we wrote about the PBOC and RCB building their reserves of gold bullion to levels not seen in years. The Russian Central Bank became one of the world's largest buyers of bullion last year (at least among the world's central banks). At the time, we also introduced this chart.

We've been writing about the impending demise of the greenback for years now, and of course we're not alone. Some well-regarded economists have theorized that the fall of the greenback could be a good thing for humanity - it could open the door to a multi-currency basket, or better yet, a global current (bitcoin perhaps?) - by allowing us to transition to a global monetary system with with less endemic instability.

Though, to be sure, the greenback is hardly the first "global currency".

Falling confidence in the greenback has been masked by the Fed's aggressive buying, as central bankers in the Eccles Building now fear that the asset bubbles they've blown are big enough to harm the real economy, so we must wait for exactly the right time to let the air out of these bubbles so they don't ruin people's lives and upset the global economic apple cart. As the coronavirus outbreak has taught us, that time may never come.

But all the while, Russia and China have been quietly weening off of the dollar, and instead using rubles and yuan to settle transnational trade.

Since we live in a world where commerce is directed by the whims of the free market (at least, in theory), the Kremlin can just make Russian and Chinese companies substitute yuan and rubles for dollars with the flip of a switch:as Russian President Vladimir Putin once exclaimed, the US's aggressive sanctions policy risks destroying the dollar's reserve status by forcing more companies from Russia and China to search for alternatives to transacting in dollars, if for no other reason than to keep costs down (international economic sanctions can make moving money abroad difficult).

In 2019, Putin gleefully revealed that Russia had reduced the dollar holdings of its central bank by $101 billion, cutting the total in half.

And according to new data from the Russian Central Bank and Federal Customs Service, the dollar's share of bilateral trade between Russia and China fell below 50% for the first time in modern history.

Businesses only used the greenback for roughly 46% of settlements between the two countries. Over the same period, the euro constituted an all-time high of 30%. While other national currencies accounted for 24%, also a new high.

As one 'expert' told the Nikkei Asian Review, it's just the latest sign that Russia and China are forming a "de-dollarization alliance" to diminish the economic heft of Washington's sanctions powers, and its de facto control of SWIFT, the primary inter-bank messaging service via which banks move money from country to country.

The shift is happening much more quickly than the US probably expected. As recently as 2015, more than 90% of bilateral trade between China and Russia was conducted in dollars.

Alexey Maslov, director of the Institute of Far Eastern Studies at the Russian Academy of Sciences, told the Nikkei Asian Review that the Russia-China "dedollarization" was approaching a "breakthrough moment" that could elevate their relationship to a de facto alliance.

"The collaboration between Russia and China in the financial sphere tells us that they are finally finding the parameters for a new alliance with each other," he said. "Many expected that this would be a military alliance or a trading alliance, but now the alliance is moving more in the banking and financial direction, and that is what can guarantee independence for both countries."

Dedollarization has been a priority for Russia and China since 2014, when they began expanding economic cooperation following Moscow's estrangement from the West over its annexation of Crimea. Replacing the dollar in trade settlements became a necessity to sidestep U.S. sanctions against Russia.

"Any wire transaction that takes place in the world involving U.S. dollars is at some point cleared through a U.S. bank," explained Dmitry Dolgin, ING Bank's chief economist for Russia. "That means that the U.S. government can tell that bank to freeze certain transactions."
The process gained further momentum after the Donald Trump administration imposed tariffs on hundreds of billions of dollars worth of Chinese goods. Whereas previously Moscow had taken the initiative on dedollarization, Beijing came to view it as critical, too.

"Only very recently did the Chinese state and major economic entities begin to feel that they might end up in a similar situation as our Russian counterparts: being the target of the sanctions and potentially even getting shut out of the SWIFT system," said Zhang Xin, a research fellow at the Center for Russian Studies at Shanghai's East China Normal University.

At times, Russia has prioritized use of the yuan over its own currency in the hopes that his would push Beijing to become more "assertive" in establishing the yuan as an internationalized currency. While the yuan was added to a IMF basket of reserve currencies a few years back, Beijing's unwillingness to take its hand off the wheel when it comes to managing the currency has stymied its internationalization.

Russia's push to accumulate yuan is not just about diversifying its foreign exchange reserves, Maslov explained. Moscow also wants to encourage Beijing to become more assertive in challenging Washington's global economic leadership.

"Russia has a considerably more decisive position toward the United States [than China does]," Maslov said. "Russia is used to fighting, it does not hold negotiations. One way for Russia to make China's position more decisive, more willing to fight is to show that it supports Beijing in the financial sphere."

Six years have passed between Russia and China opened FX swap lines between their central banks in 2014. That three year deal was expanded in 2017.

While trying to assess the long-term risk, remember: Ray Dalio has apparently assigned a whole team of publicists to help spread his concerns about the potential fallout from a US-China "capital war". It's worth remembering that China has far more financial firepower with which to vex the US than many pundits are willing to acknowledge.

https://www.zerohedge.com/economics/russia-china-dedollarization-reaches-breakthrough-moment-countries-ditch-greenback

[Shami-Amourae]

My biggest fear of cryptos at this point, is buying in with hard earned cash and having something go wrong. I feel like you could push the wrong key and go to zero. Or lose your password, or get hacked while transferring funds. There is absolutely no protection against loss.
At $4 there was no risk, but if you throw 25, or 50 thousand in and lose it, it would be very upsetting, especially now that I'm retired and I don't want to go back to work.

I disagree that Millennials and Zoomers will have no interest in precious metals. With AI coming on, the internet is becoming less safe, I think everything will be tracked, or what would happen if China took down the global internet? We still don't know what will happen when the digital dollar is introduced...it's coming.
The Millennials and Zoomers might change their mind and realize the value of tangible assets.


The whole world will be digitized. The main issue is learning how to deal with crypto. These technologies become more secure with wider adoption.

I also believe insuring crypto will be how the banks survive as things move to crypto. They'll be like insurance companies for crypto.

It's actually far less risky with crypto these days. Just get a wallet like Exodus or Atomic Wallet and you should be fine. If you want to be extra safe export your private keys and print them up and store them where you store your Gold/Silver. One of my favorite things with crypto is you can literally memorize your private keys and have money in your MEMORY. Like literally the key to your wealth stored inside your mind. That's insane. You cant sneak your money out of the country with Gold/Silver easily, but what stays in your mind is still there until you forget.

I think Gold/Silver will be worthless as space travel kicks into gear and automated robot space mining becomes a thing, but that's beyond the years of many on this forum.

Gold and Silver should be fine, but I do believe this is the last major bull run for them. Seriously buy stuff and cash out this time.

I think we will have another major bull run for cryptos in 2024-2026 based on the stock to flow model which has already forecasted the current bull run:
https://digitalik.net/btc/

[Hitch]

The whole world will be digitized. The main issue is learning how to deal with crypto. These technologies become more secure with wider adoption.

It's actually far less risky with crypto these days. Just get a wallet like Exodus or Atomic Wallet and you should be fine. If you want to be extra safe export your private keys and print them up and store them where you store your Gold/Silver. One of my favorite things with crypto is you can literally memorize your private keys and have money in your MEMORY. Like literally the key to your wealth stored inside your mind. That's insane. You cant sneak your money out of the country with Gold/Silver easily, but what stays in your mind is still there until you forget.

I think Gold/Silver will be worthless as space travel kicks into gear and automated robot space mining becomes a thing, but that's beyond the years of many on this forum.

Gold and Silver should be fine, but I do believe this is the last major bull run for them. Seriously buy stuff and cash out this time.

I think we will have another major bull run for cryptos in 2024-2026 based on the stock to flow model which has already forecasted the current bull run:
https://digitalik.net/btc/

Cryptos can be conjured out of thin air. It's a fashion, what ever is in style at the current time.

Gold and silver are God's money. Can't be created by us. If automated robot space mining becomes a thing, that's the point. It's pursued because we can't make or create gold, nor silver. We don't have enough for demand. We need to build robots to mine it in space. Trying to mine it robotically on other planets. That's the whole point. That IS the definition of demand.

[Ares]

The whole world will be digitized. The main issue is learning how to deal with crypto. These technologies become more secure with wider adoption.

I also believe insuring crypto will be how the banks survive as things move to crypto. They'll be like insurance companies for crypto.

It's actually far less risky with crypto these days. Just get a wallet like Exodus or Atomic Wallet and you should be fine. If you want to be extra safe export your private keys and print them up and store them where you store your Gold/Silver. One of my favorite things with crypto is you can literally memorize your private keys and have money in your MEMORY. Like literally the key to your wealth stored inside your mind. That's insane. You cant sneak your money out of the country with Gold/Silver easily, but what stays in your mind is still there until you forget.

I think Gold/Silver will be worthless as space travel kicks into gear and automated robot space mining becomes a thing, but that's beyond the years of many on this forum.

Gold and Silver should be fine, but I do believe this is the last major bull run for them. Seriously buy stuff and cash out this time.

I think we will have another major bull run for cryptos in 2024-2026 based on the stock to flow model which has already forecasted the current bull run:
https://digitalik.net/btc/

Maybe for international commerce, and bank wires. Crypto to me after the years I've been in it. I did jump on the crypto bandwagon around the time Shami announced, if not a little after. I also mined almost 1000 Litecoins with a rig I built back when they were easy to mine with a GPU miner.

Sold most of them when they reached $20 (that was a HUGE gain at the time) wished I would of held on to them now, especially when I saw LTC reach $300 back in 2017 with the last bull run. I still have some BTC, but lost a lot when Cyptsy went under and Vern fled off to China with probably over 50k worth of my crypto. That was my fault, I was stupid and left my coins there with a false sense of security that it was a U.S. based exchange. Expensive lessons learned. I'm older and wiser now, but I've also had time to reflect with my time in Cryptos.

They will NEVER be mainstream due to the difficulty in use for average people. I've witnessed it myself even in my day job at one of the largest tech companies in the world. Decentralized blockchains also have problems with scale. To get anywhere near Visa's capabilities regarding transactions per second / minute requires a lot coordination and resources, now times that by a billion if you want a global population using the crypto and you see the problem.

Most people do not understand cryptography and that's all crypto is with a blockchain acting as a ledger of transactions and what address has what amount etc. At it's very basic form its really very simple, but the complexity comes in when signing a transaction and knowing the difference between a Public and Private key. They look similar to the untrained eye, and if you accidently give someone the private key instead of the Public key, then your wallet will be empty in a matter of minutes.

That's the other problem with crypto there is absolutely no reversing the transaction. You can do smart contracts to lock up payment until a product arrives or service is completed and both parties complete the contract. But that runs into a problem if you bought something and complete the transaction, take your new toy home, and find out the previous owner lied and it wasn't new, its a refurb etc, you can dispute that with Visa, or Paypal, but with Crypto you're shit out of luck.

As it stands now, crypto is still more of a speculative vehicle with many different coins and projects trying to one up each other in usability. Bitcoin even with Lightening network will NEVER be able to complete thousands of transactions per second, in the last bull run it could only do some 200,000 transactions in a day and there was literally days worth of backlog transactions. So Bitcoin definitely has a problem with scale.

I like Crypto as much as the next guy, but as it stands I trust physical precious metals more than I do Crypto from what I've learned in my time in crypto, and how I've seen even technically savvy individuals struggle to understand or use them.

[EE_]

The U.S. government couldn’t shut down the Internet, right? Think again
Opinion by Jessica Rosenworcel
March 8, 2020 at 4:14 p.m. EDT

Jessica Rosenworcel has been a member of the Federal Communications Commission since 2012. This article is adapted from her keynote remarks at this year’s State of the Net Conference.

In the age of the always-on Internet, what happens when a government decides to turn it off? For many people around the world, this is no longer a theoretical question.

Last year, Internet service was shut off for roughly seven months in India’s Kashmir Valley, affecting 7 million people. The government of the world’s largest democracy justified the blackout by saying it was necessary to avoid protests and loss of life. In Bangladesh, a government-directed shut-off disrupted humanitarian and emergency services in Rohingya refugee camps for more than six weeks in 2019. Congo blacked out the Internet for 20 days after last December’s elections, preventing electoral observers from relaying information from rural polling stations. Ethiopian authorities shut down the Internet for three days last June to prevent student cheating on national exams. In January, there were outages in Iran during protests over the downing of a Ukrainian plane, following a week-long blackout last year after the price of fuel went up.

These shutdowns are the new normal in many parts of the world. According to the Internet research firm Top10VPN, a record 21 countries cut off the Internet 122 times in 2019, costing the global economy as much as $8 billion. Government officials often claim these Internet blackouts are needed to protect public safety. But deployed regularly, they can thwart the democratic process, threaten human rights and batter modern economic life.

You might think it could never happen here in the United States. But think again.

To understand how, start with the Communications Act of 1934 — which, though it has been amended and updated several times, is essentially an 86-year-old law that is still the framework for U.S. communications policy today.

Section 706 of this law allows the president to shut down or take control of “any facility or station for wire communication” if he proclaims “that there exists a state or threat of war involving the United States.” With respect to wireless communications, suspending service is permitted not only in a “war or a threat of war,” but merely if there is a presidential proclamation of a “state of public peril” or simply a “disaster or other national emergency.” There is no requirement in the law for the president to provide any advance notice to Congress.

The language here is undeniably broad. The power it describes is virtually unchecked. That’s not surprising, since some of the last changes made to this section of the law were introduced in 1942, shortly after the attack on Pearl Harbor, when Congress was laser-focused on protecting our safety and security.

These are, of course, different days. After all, back in 1942, “wire communication” meant telephone calls or telegrams, and “wireless” meant radio. But if you think this language, and what it authorizes, have faded into the dustbin of history, you’re wrong. Today those terms have generally been accepted as including access to the Internet. And as recently as 2010, a Senate committee report on protecting cyberspace concluded that section 706 “gives the President the authority to take over wire communications in the United States and, if the President so chooses, shut a network down.” That means if a sitting president wants to shut down the Internet or selectively cut off a social media outlet or other service, all it takes is an opinion from his attorney general that Section 706 gives him the authority to do so.

That’s alarming. Because if you believe there are unspoken norms that would prevent a U.S. president from using Section 706 this way, recent history suggests that past practice is no longer the best guide for future behavior. Norms are now broken all the time in Washington.

It’s time for a front-to-back assessment of Section 706. We need a dialogue about what it means and what it should mean in the digital age. We need Congress to consider how this power squares with the Constitution and ask what role there should be for the legislative and judicial branches. While we’re at it, the United States should develop a formal policy on government-directed Internet shutdowns, informed by the experience of the State Department, Commerce Department and Federal Communications Commission. Then we should share this expertise with other countries so that we can work worldwide to keep the Internet open and available.

We need this discussion. Without having it, our existing law could be contorted to support outages, and we should expect to see government-directed shutdowns happen in many more places — including right here at home.

https://www.washingtonpost.com/opinions/the-us-government-couldnt-shut-down-the-internet-right-think-again/2020/03/06/6074dc86-5fe5-11ea-b014-4fafa866bb81_story.html

[Shami-Amourae]

Freeing Gold from bankers with the blockchain (just released now).

https://www.youtube.com/watch?v=1BTxA4tJg_Y

Real physical gold linked to the blockchain and fully regulated:
https://www.coingecko.com/en/coins/pax-gold

[Neuro]

Freeing Gold from bankers with the blockchain (just released now).

https://www.youtube.com/watch?v=1BTxA4tJg_Y

Real physical gold linked to the blockchain and fully regulated:
https://www.coingecko.com/en/coins/pax-gold

Good to have in the back of your mind when you want to take some profits of the cryptocoaster... However what I don’t understand is how they can store physical gold free of charge? I mean I wouldnt like the person holding my gold for me to feel he is shortchanged.

I am currently holding chainlink. Touted as next generation smart contract token from the Eth platform. I think there is a lot of hype surrounding it, perhaps all of it is, but that should allow for a good pump.

[RatHoler]

I have initiated some chatter at work about selling some gold privately to help both parties involved.
Buyer gets it cheaper than buying online or at a LCS. Seller avoids capital gains tax. It's a win,win with no paper trail if a private buyer can be found.

[Shami-Amourae]

Wall Street and Government already recognize Pax Gold as legit virtual Gold.

The New York State Department of Financial Services has issued approval of 8 virtual currencies for sale and trade, and 10 coins approved for custody by licensed entities. According to the New York Department of Financial Services website (https://www.dfs.ny.gov/apps_and_licensing/virtual_currency_businesses/virtual_currencies) (NYDFS), state regulators have approved eight cryptocurrencies for listing and trading. These tokens include Bitcoin, Ethereum, Bitcoin Cash, Litecoin, Binance USD, Gemini Dollar, Pax Gold, and the Paxos Standard Token. The NYDFS also greenlighted the same coins for custody and XRP and Ethereum Classic.

https://coinnounce.com/the-new-york-state-department-of-financial-services-approves-10-tokens-for-custody/

[woodman]

Wall Street and Government already recognize Pax Gold as legit virtual Gold.


https://coinnounce.com/the-new-york-state-department-of-financial-services-approves-10-tokens-for-custody/
I have to wonder if there is any essential difference between Pax Gold and Gold trading on the Comex (Crimex). It is still paper/digital and who can ascertain if it is really backed up 100% or not?

[Ares]

Wall Street and Government already recognize Pax Gold as legit virtual Gold.


https://coinnounce.com/the-new-york-state-department-of-financial-services-approves-10-tokens-for-custody/

How long before the Fed's raid it, take over the physical bullion and throw the creator in prison? Liberty Dollar anyone?

[woodman]

How long before the Fed's raid it, take over the physical bullion and throw the creator in prison? Liberty Dollar anyone?
Mustn't have anything compete with the Federal Reserve

[Shami-Amourae]

Grayscale is/has has been buying up all the mined Bitcoin directly from miners from months and months, now they released this add on TeeVee.
Their starting to market to Boomers now, the people who horde the worlds wealth. :p


https://www.youtube.com/watch?v=cPblM5R1Z4g

They're getting into derivatives like the bankers do with the SLV and GLD.

[Shami-Amourae]

How long before the Fed's raid it, take over the physical bullion and throw the creator in prison? Liberty Dollar anyone?

Wont happen since they are working directly with the Feds, and some of the Feds are on the take this time.

[Ares]

Wont happen since they are working directly with the Feds, and some of the Feds are on the take this time.

Which is exactly why you can't trust what they say regarding the amount of Gold they have.

Crypto and Precious Metals are EXACT OPPOSITES of each other.

One is trustless (Crypto) The other requires a shit load of trust, either for storage or that you are actually receiving the full nominal value of said metal. You can't have a "decentralized" crypto relying on a Centralized controlled asset. It just doesn't work.

You'll end up in the same situation we are now. Loss of faith and trust in the central authority who has been delegated to collateralize, store and safeguard said metal for backing of the crypto.

It's a novel idea, but step back and look at it and its the same stupid thing that's been done since people decided to use a medium of exchange instead of barter. Trusting someone not to fuck you over with your own money.

[EE_]

Pretty obvious the gold cartel and Wall Street whacked gold just on Putin saying he has a vaccine. This vaccine means nothing and no one is going to take it.
This is an orchestrated take down to protect their massively devalued currency and support stocks, which is where they really want your money.
I'm not buying their bullshit. If they are able to take gold low enough, it will be time to buy.

[osoab]

Looking @ apmex 1/4 GAE https://www.apmex.com/product/196124/2020-1-4-oz-gold-american-eagle-bu

Their volume pricing is reversed. It's cheaper to order a smaller quantity. Problem getting large quantity to sell?

If my calcs are correct, currently a 22% markup over spot.

[osoab]

Pretty obvious the gold cartel and Wall Street whacked gold just on Putin saying he has a vaccine. This vaccine means nothing and no one is going to take it.
This is an orchestrated take down to protect their massively devalued currency and support stocks, which is where they really want your money.
I'm not buying their bullshit. If they are able to take gold low enough, it will be time to buy.

Nah, profit taking, Robinhood raping/pillaging, need to liquidate to cover another position. Too long of a sharp rise. We have previously seen this play out many times and at many price points .

[mamboni]

Nah, profit taking, Robinhood raping/pillaging, need to liquidate to cover another position. Too long of a sharp rise. We have previously seen this play out many times and at many price points .
Agreed. This is a healthy correction. Recent spike was all FOMO and dumb shot Robin Hood wannabe traders chasing price. Fundamentals for PM have never been better. USA is utterly bankrupt and printing with total abandon. Credit markets are broken and ready to implode. FED will print and print and bail out all until dollar collapses - might take years. PM will climb as dollar devalues.

[Hitch]

Looking @ apmex 1/4 GAE https://www.apmex.com/product/196124/2020-1-4-oz-gold-american-eagle-bu

Their volume pricing is reversed. It's cheaper to order a smaller quantity. Problem getting large quantity to sell?

If my calcs are correct, currently a 22% markup over spot.

I have never seen apmex do that before, very strange. Could be a mistake, however it's still like that when I just checked. It actually makes no sense at all. Why would they discourage large orders?

[Hitch]

Agreed. This is a healthy correction. Recent spike was all FOMO and dumb shot Robin Hood wannabe traders chasing price. Fundamentals for PM have never been better. USA is utterly bankrupt and printing with total abandon. Credit markets are broken and ready to implode. FED will print and print and bail out all until dollar collapses - might take years. PM will climb as dollar devalues.

Agreed, a healthy correction and also to shake out weak hands. The trend for gold is up due to the massive amount of money printing. We just haven't seen the real effects yet. When we do, gold will surge up hard.

[Shami-Amourae]

Agreed. This is a healthy correction. Recent spike was all FOMO and dumb shot Robin Hood wannabe traders chasing price. Fundamentals for PM have never been better. USA is utterly bankrupt and printing with total abandon. Credit markets are broken and ready to implode. FED will print and print and bail out all until dollar collapses - might take years. PM will climb as dollar devalues.

Long lines for Gold in Thailand.

https://www.youtube.com/watch?v=TPpZjZxxKNs