Re: Gold is collapsing. Bitcoin up.

Gold collapsing? I don't follow the metal prices. Link?

ya i agree gold is due for a Major correction.

Gold Line keeps calling me telling me its not a bubble ...

Gold is not going up. It's the dollar that's losing value.

If anything in the marketplace should be the yardstick of value, it is gold, not USD. So you should price USD in terms of gold and you will see a very different picture. Don't let the "upward run" of gold deceive you. Gold isn't changing, the dollars are.

I agree gold is the yard stick the world measures wealth. How ever the economy needs credit in the form of a currency to satisfy liquity. This is why bitcoin is more of a threat to central banks then gold. They have all the gold.

Sometimes when gold goes down it's due to the dollar getting stronger.