Quote from: OROBTC on January 23, 2018, 09:13:29 PM

Quote from: marcus_of_augustus on January 23, 2018, 07:35:15 AM

hahaha ... roach getting pwnd on monetary science by anonymint!! cryptos brings out all the weirdos that's for sure ... goldbugs actually do not like free markets for money after all, they prefer the rubber glove of gubmint agents from wall st up their backsides.

With respect, not all physical gold advocates prefer interference from .gov nor Wall St. I highly value some some cryptos as well as gold.

Having great respect for free markets is no way incompatible with liking BTC and/or Au.

Perhaps his implication was about my (quotes of Armstrongs) point that all the claims about gold being long-term manipulated to suppress its true value are claims about indicators which can also be manipulated or which have free market justifications for their indications which have nothing to do with suppressing gold. Theres no firm basis to conclude that gold is manipulated long-term, i.e. free markets instead must be assumed. Its documented (by Armstrong first-hand such as the Buffett case with silver in the late 1990s) that markets can be short-term manipulated wherein the NY bankers for example try to trade against their own clients, but this can be to the upside as well as downside and only short-term (as Armstrong has documented and explained).

Your valuation of gold is presumably (given prior statements in this thread) based on the belief that it has always been money and always will be money (i.e. could be handed down to the children and grandchildren as a family heirloom), but that is historically false. Better forms of money come along and render the prior forms useless as money, e.g. sheepskins, shells, slabs of iron/bronze used to all be money. Gold was more compact, transportable and more fungible than the aforementioned antiquated forms of money. Paper money was even more so, but could be created willy-nilly by various nation-state regimes. Now crypto is even more so and adds the inability for any one nation-state to corrupt its invariants (e.g. protocol programmed money supply). And Im (and I presume others are) working on even further improving the decentralized invariance of ledgers. Technology doesnt stop moving forward just to accommodate old people who still think the world is flat.

If were very lucky gold might go to $5000 at most (Bitcoin already raced past gold and is going to a $million by 2024 or so), and then we have to hope that governments wont target those with large holdings of gold as terrorists (and/or blame them for the financial collapse¹) when they try to sell at that price. If you don't sell such as the peak in 1979/80, then you ride gold down for decades as interest rates peak and a new bond bubble forms. And also I think the next bear market for precious metals will take them down towards irrelevance because of the advent of decentralized ledgers.

Its just time. Precious metals are nearly finished in human history. To all readers, were at the cusp of a major shift in the monetary history of the world. Get on the train or be left behind.

Afaics, all forms of fungible physical money are becoming defunct, including gold. Gold will become just like any other physical asset equivalent to real estate. It will no longer be effectively movable, because no one will be willing to buy it without paying tracked electronic money for it in exchange which of course the governments can then tax, confiscate, and restrict movement same as for real estate. Barter isnt coming back. Gold will become trinkets for fondling and gazing, like jewelry, gaudy gold trim such as at the Trump executive suites.

¹

Quote from: https://www.armstrongeconomics.com/armstrongeconomics101/training-tools/politically-correct-trading-a-whole-new-challenge/

We are bringing this model back into play because there are rising concerns among our European clients that if they hedge against the decline of the Euro and government bonds in the EU when the collapse unfolds, they will be targeted for undermining the government. The way to avoid this and be politically correct traders, is to once again create synthetics correlated with time.

With the hostility in Europe eliminating the ability to short government bonds in a pathetic attempt to prevent the collapse of the EU bond market, it is paramount that we resurrect our synthetic models in order to be politically correct in trading what will no doubt turn into a witch-hunt once again.

Quote from: https://www.zellepay.com/blog/a-new-year-a-new-way-to-pay

Quote from: iamnotback on October 31, 2016, 01:32:50 AM

When and if the SHTF, then if your comfy coin dealers are not able to service you, then you will depend on the innate liquidity of precious metals, meaning what the common person thinks of them. I suggest you go stand at the mall and try to give away a 1oz silver coin at $10 under spot as some guy did at numerous locations in the USA and nobody was interested to pay $10 for a 1oz silver coin. He was standing right in front of a coin dealer and even told them they could check the spot price inside. The masses do not think gold and silver are currency. Get a fucking clue.

As cited in my OP, those who have experience economic and social collapse first-hand, have stated that only food, security, medicine, and sin goods are liquid during that scenario. Also any liquid currency that people know they can very readily exchange externally to the collapsed region. Precious metals (especially silver dimes!) don't qualify. Tinfoil hat wearing goldbug idiots are thinking that people will accept their coins in barter. Never going to happen dude. Get a fucking clue about reality.

You also are closed-minded because you are wearing a tinfoil hat (as I used to do) and thus you are blindly married to the concept in which you are vested.

[]

Edit: Selling a 10 oz Silver Bar for $10 (When It's Worth $160) - EXPERIMENT -

Selling 1 Oz Gold Coin for $25 (when it's worth over $1,500)

Buying a 99¢ Taco with 1 Ounce Gold Coin (worth over $1000) - from Taco Bell's Drive-Through

Free $5 Bill or Free Silver Dollar? It's Up To You <--- make sure you listen at 1:30 to the guy who knows the spot price but still won't take the silver dollar!