Gold chart looking bullish; Pd to lead new PM surge?

[ziero0]

Lead is the ultimate PM.

Cold Iron

Gold is for the mistress -- silver for the maid --
Copper for the craftsman cunning at his trade."
"Good!" said the Baron, sitting in his hall,
"But Iron -- Cold Iron -- is master of them all."

So he made rebellion 'gainst the King his liege,
Camped before his citadel and summoned it to siege.
"Nay!" said the cannoneer on the castle wall,
"But Iron -- Cold Iron -- shall be master of you all!"

Woe for the Baron and his knights so strong,
When the cruel cannon-balls laid 'em all along;
He was taken prisoner, he was cast in thrall,
And Iron -- Cold Iron -- was master of it all!

Yet his King spake kindly (ah, how kind a Lord!)
"What if I release thee now and give thee back thy sword?"
"Nay!" said the Baron, "mock not at my fall,
For Iron -- Cold Iron -- is master of men all."

"Tears are for the craven, prayers are for the clown --
Halters for the silly neck that cannot keep a crown."
"As my loss is grievous, so my hope is small,
For Iron -- Cold Iron -- must be master of men all!"

Yet his King made answer (few such Kings there be!)
"Here is Bread and here is Wine -- sit and sup with me.
Eat and drink in Mary's Name, the whiles I do recall
How Iron -- Cold Iron -- can be master of men all!"

He took the Wine and blessed it. He blessed and brake the Bread.
With His own Hands He served Them, and presently He said:
"See! These Hands they pierced with nails, outside My city wall,
Show Iron -- Cold Iron -- to be master of men all."

"Wounds are for the desperate, blows are for the strong.
Balm and oil for weary hearts all cut and bruised with wrong.
I forgive thy treason -- I redeem thy fall --
For Iron -- Cold Iron -- must be master of men all!"

"Crowns are for the valiant -- sceptres for the bold!
Thrones and powers for mighty men who dare to take and hold!"
"Nay!" said the Baron, kneeling in his hall,
"But Iron -- Cold Iron -- is master of men all!
Iron out of Calvary is master of men all!"

[ziero0]

Should Russia take the bait it's TSHTF for all of us, regardless of where you live.

Being alive = ability to change

Only the dead cannot change.

[Neuro]

You just described the USD and Bitcoin.

If we have a major currency war, or currency collapse, bitcoin will sit it out. Useless, in a time of crisis.

Of course it requires an internet and electricity, as the dollar dies, with the economy it serves as a medium of exchange for, bitcoin will not have any utility, but until that happens, you will get much more gold with your dollars if you put them in bitcoins now. Bitcoin becomes the alternative to the US junkbonds, which will destroy the USD, which destroys the economy, which destroys the basic requirements for bitcoin to function. Probably somewhere north of $1 million/bitcoin. Bitcoin right now trades at 7-8 oz of gold, perhaps at year end you’ll get 40 oz of gold for 1 BTC at $100k with gold at $2,500. By end of next year you may have a btc at $1M, but probably you wouldn’t be able to get gold for it delivered home with general breakdown of society progressing.

I feel pretty certain that bitcoin/crypto will be what breaks fiat, in the ultimate tulip bulb craze, and western civilization going down in the flames of speculation. Nothing wrong with buying gold or silver now though.

[Hitch]

Being alive = ability to change

Only the dead cannot change.

The dead change. I caught you straight up being flat out wrong.

1st. Death, the soul moves on from the physical body.

2ndly. The physical body left behind changes. First from warm blooded to rigormortis, then full on decomposition. Earth to earth we return eventually.

[Hitch]

I feel pretty certain that bitcoin/crypto will be what breaks fiat, in the ultimate tulip bulb craze, and western civilization going down in the flames of speculation. Nothing wrong with buying gold or silver now though.

I disagree. I don't think bitcoin will ever gain the faith of the masses. It's a bubble, a big one, it has to be. Where is all the money coming from to shovel into bitcoin?

Logically, it doesn't make sense. Money flows to either tangible assets, or ways to generate income. Homes to rent, businesses to grow, etc. Bitcoin has neither of that.

The only thing gold has going for it is it's rare, can't be made by man, and governments hoard it.

Bitcoin is not rare. The number of different cryptos that can be created is unlimited. It IS made by man, ie, not tangible, and governments don't hoard it, they hate it. In fact the death of Bitcoin is a GOLD backed cryptocurrency, which Russia is already working on.

[ziero0]

The dead change.

I don't see any dead entering a BUY order on Pd at $12,000.

[Neuro]

I disagree. I don't think bitcoin will ever gain the faith of the masses. It's a bubble, a big one, it has to be. Where is all the money coming from to shovel into bitcoin?

Logically, it doesn't make sense. Money flows to either tangible assets, or ways to generate income. Homes to rent, businesses to grow, etc. Bitcoin has neither of that.

The only thing gold has going for it is it's rare, can't be made by man, and governments hoard it.

Bitcoin is not rare. The number of different cryptos that can be created is unlimited. It IS made by man, ie, not tangible, and governments don't hoard it, they hate it. In fact the death of Bitcoin is a GOLD backed cryptocurrency, which Russia is already working on.

Bitcoin is limited to 21 million and right now it is worth around 65% of the entire crypto market. The next one is ethereum at around 10%. There are hundreds other currencies that you can trade, governments will go down with the fiat collapse, because they are tied with it. A gold backed cryptocurrency has the same weakness as bitcoin, actually worse as it requires a counter party that guarantees the gold. It offers no benefit vs holding the gold yourself, apart from being a temporary guarantee against theft of your gold. But when the internet is down due to no electricity you won’t be able to trade your Russian cryptogold, but it may help in breaking the USD.

Btw I don’t disagree with you that bitcoin is a bubble. And it will gain widespread adoption this year. I am not going to promise to eat my dick if I am wrong though.

[Hitch]

I don't see any dead entering a BUY order on Pd at $12,000.

I don't see any living entering that BUY order either.

[Neuro]

I don't see any living entering that BUY order either.

But they do on bitcoin, today it was over $13,000, now around $12,000.

[Hitch]

Bitcoin is limited to 21 million and right now it is worth around 65% of the entire crypto market. The next one is ethereum at around 10%. There are hundreds other currencies that you can trade, governments will go down with the fiat collapse, because they are tied with it. A gold backed cryptocurrency has the same weakness as bitcoin, actually worse as it requires a counter party that guarantees the gold. It offers no benefit vs holding the gold yourself, apart from being a temporary guarantee against theft of your gold. But when the internet is down due to no electricity you won’t be able to trade your Russian cryptogold, but it may help in breaking the USD.

What you are talking about is a completed game changer. Either Bitcoin is a trading vessel (which it currently is) based upon speculation, or a hedge against monetary collapse.

If the internet is down and it's barter time. Physical gold and silver, as well as rice, ammo, tobacco, etc. Physical goods will rule. Bitcoin would well just disappear. After that collapse, when societies rebuild, bitcoin along with fiat currencies will just have to compete for attention.

Bitcoin has more association with fiat currencies than with gold.