Quote from: bolverk on March 27, 2014, 08:35:03 AM

Quote from: SlipperySlope on March 27, 2014, 07:38:07 AM

I sold some unused gold jewelry yesterday and bought bitcoin at my local Robocoin ATM.

I expect the next bitcoin price bubble to occur in the next few months - at which point the issue of 1 BTC vs 1 oz Gold will be history.

Uh, isn't the whole point of bubbles that they're artificially inflated and then harshly corrected? You can have the bubble, I'd stick with gold, which is much less likely to be inflated. Particularly since the powers that be work so hard to make sure the price is permanently depressed, just to keep the illusion of value in the fiat.

Here is my first projection of what I think will be the next bubble this summer. Peaking at $6000 July-August, and collapsing to $3000 through the fall. The crucial assumption in my simple model is that the next bubble will be similar to the previous two. Summer 2014 Bitcoin Bubble - First Projection.

I do not see an ounce of gold being worth $3000 anytime this year. Therefore no chance to gold to catch up according to their respective historical price trends.