Mikhailo Posted November 9, 2020 Share Posted November 9, 2020 Gold is being attacked Any idea what's caused this drop? Quote Link to comment Share on other sites More sharing options...
markyh Posted November 9, 2020 Share Posted November 9, 2020 Any idea what's caused this drop? People selling up Gold to buy Bitcoin, they want real returns with something that cant be watered down with ever expanding fraudulent paper contracts. But probably more sellers than buyers is my guess, is the usual cause of a drop of anything in price. Quote Link to comment Share on other sites More sharing options...
Warlord Posted November 9, 2020 Share Posted November 9, 2020 Any idea what's caused this drop? I'm guessing its just a dollar rally that is impacting gold am it right, @warpig?? Quote Link to comment Share on other sites More sharing options...
warpig Posted November 9, 2020 Share Posted November 9, 2020 I'm guessing its just a dollar rally that is impacting gold am it right, @warpig?? The stock market's shot up on the news that a Covid vaccine that's 90% effective has been created. Good luck with that world! Quote Link to comment Share on other sites More sharing options...
warpig Posted November 9, 2020 Share Posted November 9, 2020 I'm guessing its just a dollar rally that is impacting gold am it right, @warpig?? I think the official narrative will be it's a risk-off play... believe that if you wish Quote Link to comment Share on other sites More sharing options...
Warlord Posted November 9, 2020 Share Posted November 9, 2020 Post election analysis featuring Schiff and Co. Quote Link to comment Share on other sites More sharing options...
warpig Posted November 9, 2020 Share Posted November 9, 2020 Just bought some GDX and GDXJ... and some Franco Nevada... Quote Link to comment Share on other sites More sharing options...
GreenDevil Posted November 9, 2020 Share Posted November 9, 2020 Post election analysis featuring Schiff and Co. Funny how they say Dow on pace for biggest gain. They didn't include today then. Dow 30K close today? Party hats ready? Quote Link to comment Share on other sites More sharing options...
warpig Posted November 10, 2020 Share Posted November 10, 2020 I watched this and thought of you, you will find it interesting, but sadly for you, Bitcoin does have a big role as a global reserve asset. Fully clothed I hope... 🤣 I've just watched it... interesting and well presented. However... he like you, appear wildly optimistic about BTC's integration into the financial system and I just don't see why TPTB would entertain the idea. Especially when they can use the BTC source code, rename it, compile it and release BTC2 which they control. Anyway... I think the specifics of BTC should probably stay on the BTC thread... however he made me laugh when he said BTC was a better store of value than gold, because the number of BTC is finite. Quantity is one dimension... price is another... He also made me laugh when he said BTC had intrinsic value... Don't think so. Turn off the grid and see what you're left with. Quote Link to comment Share on other sites More sharing options...
headmelter Posted November 10, 2020 Share Posted November 10, 2020 The stock market's shot up on the news that a Covid vaccine that's 90% effective has been created. Good luck with that world! Any vaccine that has been developed as quick & hasn't had time to research possible long term effects is well dodgy imo.... I'll certainly not be volunteering as a guinnea pig anytime soon... Quote Link to comment Share on other sites More sharing options...
Roman Roady Posted November 10, 2020 Share Posted November 10, 2020 Any vaccine that has been developed as quick & hasn't had time to research possible long term effects is well dodgy imo.... I'll certainly not be volunteering as a guinnea pig anytime soon... ditto...and there is a big economic incentive to cut some (many) corners. Baseless optimism will be the rule here with realists painted as old fuddy duddy pessimists. Thats IF its been developed recently. As someone has just posted on the main vaccine thread, it could be the Blue Peter vaccine...heres one I made earlier. If true then theres all sorts of questions to answer. Anyhow, the brain washing will start...look out for the virtue signalling pro vaxers demonizing the anti vaxers. We will probably start to hear about vaccine "deniers" soon, because that seems to be the nuke used to win any argument ATM. Personally i am not an antivaxer...I have been jabbed plenty in my life thank you very much, but I will let this play itself out for a few months before I go anywhere near it. Quote Link to comment Share on other sites More sharing options...
headmelter Posted November 10, 2020 Share Posted November 10, 2020 ditto...and there is a big economic incentive to cut some (many) corners. Baseless optimism will be the rule here with realists painted as old fuddy duddy pessimists. Thats IF its been developed recently. As someone has just posted on the main vaccine thread, it could be the Blue Peter vaccine...heres one I made earlier. If true then theres all sorts of questions to answer. Anyhow, the brain washing will start...look out for the virtue signalling pro vaxers demonizing the anti vaxers. We will probably start to hear about vaccine "deniers" soon, because that seems to be the nuke used to win any argument ATM. Personally i am not an antivaxer...I have been jabbed plenty in my life thank you very much, but I will let this play itself out for a few months before I go anywhere near it. Same here... have travelled& had many vaccines but I'll give this one at least 3 years.... Quote Link to comment Share on other sites More sharing options...
markyh Posted November 10, 2020 Share Posted November 10, 2020 ditto...and there is a big economic incentive to cut some (many) corners. Baseless optimism will be the rule here with realists painted as old fuddy duddy pessimists. Thats IF its been developed recently. As someone has just posted on the main vaccine thread, it could be the Blue Peter vaccine...heres one I made earlier. If true then theres all sorts of questions to answer. Anyhow, the brain washing will start...look out for the virtue signalling pro vaxers demonizing the anti vaxers. We will probably start to hear about vaccine "deniers" soon, because that seems to be the nuke used to win any argument ATM. Personally i am not an antivaxer...I have been jabbed plenty in my life thank you very much, but I will let this play itself out for a few months before I go anywhere near it. Non Vaxer’s will be required to sew a blue cloth star on their outer clothes so they can be identified and excluded for public places and services. Quote Link to comment Share on other sites More sharing options...
warpig Posted November 10, 2020 Share Posted November 10, 2020 ditto...and there is a big economic incentive to cut some (many) corners. Baseless optimism will be the rule here with realists painted as old fuddy duddy pessimists. Thats IF its been developed recently. As someone has just posted on the main vaccine thread, it could be the Blue Peter vaccine...heres one I made earlier. If true then theres all sorts of questions to answer. Anyhow, the brain washing will start...look out for the virtue signalling pro vaxers demonizing the anti vaxers. We will probably start to hear about vaccine "deniers" soon, because that seems to be the nuke used to win any argument ATM. Personally i am not an antivaxer...I have been jabbed plenty in my life thank you very much, but I will let this play itself out for a few months before I go anywhere near it. We didn't give my son the MMR, we paid for the individual Measles, Mumps and Rubella injections... I'd make the same decision again. Neither my son or I will have this vaccine until it's been through 7 years of testing. Neither of us are at risk. The pharmaceutical companies are seeking liability indemnity from the government and the average development time of a vaccine is 7 years... not 7 months! This vaccine has NOT been through the normal licencing process... That should tell you everything you need to know! Quote Link to comment Share on other sites More sharing options...
Jonesy74 Posted November 11, 2020 Share Posted November 11, 2020 Fully clothed I hope... 🤣 I've just watched it... interesting and well presented. However... he like you, appear wildly optimistic about BTC's integration into the financial system and I just don't see why TPTB would entertain the idea. Especially when they can use the BTC source code, rename it, compile it and release BTC2 which they control. Anyway... I think the specifics of BTC should probably stay on the BTC thread... however he made me laugh when he said BTC was a better store of value than gold, because the number of BTC is finite. Quantity is one dimension... price is another... He also made me laugh when he said BTC had intrinsic value... Don't think so. Turn off the grid and see what you're left with. You have clearly misunderstood btc if you think the source can be copied, released as v2 and is then under their control. There is no central point of control. There are network effects and everyone must agree on the rules of the protocol. We didn't give my son the MMR, we paid for the individual Measles, Mumps and Rubella injections... I'd make the same decision again. Neither my son or I will have this vaccine until it's been through 7 years of testing. Neither of us are at risk. The pharmaceutical companies are seeking liability indemnity from the government and the average development time of a vaccine is 7 years... not 7 months! This vaccine has NOT been through the normal licencing process... That should tell you everything you need to know! Your prerogative, at least you got him the individual vaccines. Though with no evidence against taking MMR I’d say it’s a bit of a waste. I’ll be taking the covid vaccine as soon as it is approved by the medical safety standards institutions. The risk of long term side effects are way less than the risk of long term complications from covid. Why does everyone only concentrate on at risk for death figures for covid and forgets long term effects, but are quick to think about long term for a vaccine... Anyway, off topic for the thread. I’m still holding my gold and miners but for now am not adding to positions Quote Link to comment Share on other sites More sharing options...
warpig Posted November 11, 2020 Share Posted November 11, 2020 You have clearly misunderstood btc if you think the source can be copied, released as v2 and is then under their control. There is no central point of control. There are network effects and everyone must agree on the rules of the protocol. Your prerogative, at least you got him the individual vaccines. Though with no evidence against taking MMR I’d say it’s a bit of a waste. I’ll be taking the covid vaccine as soon as it is approved by the medical safety standards institutions. The risk of long term side effects are way less than the risk of long term complications from covid. Why does everyone only concentrate on at risk for death figures for covid and forgets long term effects, but are quick to think about long term for a vaccine... Anyway, off topic for the thread. I’m still holding my gold and miners but for now am not adding to positions I haven't misunderstood it at all... it's just you're playing the BTC game with your friends... there's nothing to stop another group of friends using the same source code and having their own BTC party. They'll agree their own rules. There is evidence that MMR caused autism in "some" people. THERE IS... if you just believe what the pharma industry tell you then... you haven't assessed the risks. I did and made a decision. For the sake of a few hundred pounds, my son wasn't exposed to that risk. That's cheap for peace of mind. The Covid vaccine is a HUGE risk... You have to do a risk assessment and if you weren't at risk... why take a risk? Crazy... They'll have to make it law for me to have it. Quote Link to comment Share on other sites More sharing options...
jiltedjen Posted November 11, 2020 Share Posted November 11, 2020 I haven't misunderstood it at all... it's just you're playing the BTC game with your friends... there's nothing to stop another group of friends using the same source code and having their own BTC party. They'll agree their own rules. There is evidence that MMR caused autism in "some" people. THERE IS... if you just believe what the pharma industry tell you then... you haven't assessed the risks. I did and made a decision. For the sake of a few hundred pounds, my son wasn't exposed to that risk. That's cheap for peace of mind. The Covid vaccine is a HUGE risk... You have to do a risk assessment and if you weren't at risk... why take a risk? Crazy... They'll have to make it law for me to have it. yes you are correct, but they wouldn't want Bitcoin in any form even if they own it. they would want a back-door somehow to allow some inflation, and thus that will be found and then no-one would want it. Quote Link to comment Share on other sites More sharing options...
markyh Posted November 11, 2020 Share Posted November 11, 2020 I haven't misunderstood it at all... it's just you're playing the BTC game with your friends... there's nothing to stop another group of friends using the same source code and having their own BTC party. They'll agree their own rules. Who are people going to listen to, Goldbug nocoiners like you, or an little USA bank called J.P. Morgan. https://news.bitcoin.com/jpmorgan-gold-etfs-bitcoin/ Quote Link to comment Share on other sites More sharing options...
warpig Posted November 11, 2020 Share Posted November 11, 2020 Who are people going to listen to, Goldbug nocoiners like you, or an little USA bank called J.P. Morgan. https://news.bitcoin.com/jpmorgan-gold-etfs-bitcoin/ Some people are investing in BTC... yeah we know. Paul Tudor Jones was the most prominent. I'm not sure what point you're trying to make... Quote Link to comment Share on other sites More sharing options...
markyh Posted November 11, 2020 Share Posted November 11, 2020 Some people are investing in BTC... yeah we know. Paul Tudor Jones was the most prominent. I'm not sure what point you're trying to make... They know better than you, way better, your opinions of the future are wrong, and pure FUD. Quote Link to comment Share on other sites More sharing options...
warpig Posted November 11, 2020 Share Posted November 11, 2020 They know better than you, way better, your opinions of the future are wrong, and pure FUD. Which opinion is this? That oil is going to run out? Quote Link to comment Share on other sites More sharing options...
warpig Posted November 11, 2020 Share Posted November 11, 2020 yes you are correct, but they wouldn't want Bitcoin in any form even if they own it. they would want a back-door somehow to allow some inflation, and thus that will be found and then no-one would want it. I agree... they like the premise of the technology, but they've clearly developer their own version. Quote Link to comment Share on other sites More sharing options...
MonsieurCopperCrutch Posted November 13, 2020 Share Posted November 13, 2020 (edited) Which opinion is this? That oil is going to run out? We had a Peak Oil thread on HPC way back in the day, I think 2006, and a good few lost a chunk of money listening to some financial adviser. Please do not start another one. Edited November 13, 2020 by MonsieurCopperCrutch Quote Link to comment Share on other sites More sharing options...
warpig Posted November 13, 2020 Share Posted November 13, 2020 We had a Peak Oil thread on HPC way back in the day, I think 2006, and a good few lost a chunk of money listening to some financial adviser. Please do not start another one. They were right and if I feel the need to post something - I will. Quote Link to comment Share on other sites More sharing options...
MonsieurCopperCrutch Posted November 13, 2020 Share Posted November 13, 2020 They were right and if I feel the need to post something - I will. No they were wrong and a good few lost money listening to some nut-job. Do not feel the need to start another. Quote Link to comment Share on other sites More sharing options...
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