Gold Monitoring Thread £ GBP only

[Minimalist]

Just now, HerefordBullyun said:

Correct Gold is Money and Fiat is currency, there is a difference.

Im surprised this truth hasnt been accepted on this forum by various users. Its astounding.

[ArgentSmith]

2 minutes ago, HerefordBullyun said:

Correct Gold is Money and Fiat is currency, there is a difference.

did anyone say it was?

[Minimalist]

1 minute ago, ArgentSmith said:

Are you thinking of Ross Ulbricht who founded the silk rd?

Nah, it wasnt him. Was someone else. Cant remember his name but he was a lot older. 

[sixgun]

Just now, ArgentSmith said:

Same as I don't get your point about encryption?

Well let's leave it then.
The ultimate tell is that if gold went to $5000 it will upend the fiat system. This is why the central banks and governments have worked for decades to control the price.
Do you think they give two figs about the price of BTC?
The digital yuan probably have more purchase transactions than BTC and it will only grow - secure, fast, cheap, stable. BTC is primarily a vehicle of fiat speculation. That's fine if that is what you want to do and you are on the right side of the trade, but that is all it is. 

[ArgentSmith]

1 minute ago, Minimalist said:

Nah, it wasnt him. Was someone else. Cant remember his name but he was a lot older. 

Not the norfed fella?

[ArgentSmith]

Just now, sixgun said:

Well let's leave it then.
The ultimate tell is that if gold went to $5000 it will upend the fiat system. This is why the central banks and governments have worked for decades to control the price.
Do you think they give two figs about the price of BTC?
The digital yuan probably have more purchase transactions than BTC and it will only grow - secure, fast, cheap, stable. BTC is primarily a vehicle of fiat speculation. That's fine if that is what you want to do and you are on the right side of the trade, but that is all it is. 

Be honest, Central Banks have goosed the price by hoarding it. True isn't it.

[HerefordBullyun]

As ive posted on this thread before the world debt clock gives a truer reflection of gold and silver prices today, becuase its reflected by the debts held by each country and also the fluctuations in the market.  

[Minimalist]

1 minute ago, ArgentSmith said:

Not the norfed fella?

Nah, the person I am thinking made a market (in his crypto) for political and financial assassinations.

I believe one is running right now in the Darkweb as the "Assassination Market" (payments are in Bitcoin). The number 1 target (at the time I last looked) was Ben Bernanke - Fed Chairman. If I remember correctly, it was priced at $80,000,000 worth of bitcoin for his head.

[ArgentSmith]

1 minute ago, Minimalist said:

Nah, the person I am thinking made a market (in his crypto) for political and financial assassinations.

I believe one is running right now in the Darkweb as the "Assassination Market" (payments are in Bitcoin). The number 1 target (at the time I last looked) was Ben Bernanke - Fed Chairman. If I remember correctly, it was priced at $80,000,000 worth of bitcoin for his head.

pretty sure that market was in BTC

[ArgentSmith]

https://www.forbes.com/sites/andygreenberg/2013/11/18/meet-the-assassination-market-creator-whos-crowdfunding-murder-with-bitcoins/?sh=64e00fe53d9b

[Minimalist]

Just now, ArgentSmith said:

https://www.forbes.com/sites/andygreenberg/2013/11/18/meet-the-assassination-market-creator-whos-crowdfunding-murder-with-bitcoins/?sh=64e00fe53d9b

There was one before that. Cant remember the name.

[ArgentSmith]

Just now, Minimalist said:

There was one before that. Cant remember the name.

That was ground breaking in 2013, no as many chitcoins back then. If there was one prior I would have heard of it. You been into Bitcoin a long time?

[sixgun]

18 minutes ago, ArgentSmith said:

Be honest, Central Banks have goosed the price by hoarding it. True isn't it.

The London Gold Pool existed to control price - primarily to keep it down. Nixon closed the gold window b/c other nations were swapping out dollars for gold and it was going to run out. They didn't want dollars. The COMEX gold futures contracts were created as a means of keeping Americans away from physical and in paper - the Wikileaks leaks show the cable. We remember Brown's bottom selling off the UK's gold to suppress price. Bullion banks time and time and time again breach position limits, spoof, dump contracts, are allowed to rehypothecate to infinity - and a blind eye is turned or there is legislation to enable it. We heard Rostin Benham of the CFTC this year in an interview openly admit the silver price having been 'tamped down' when price took off in the silver squeeze. The regulator should not be there to tamp the price down - but as we have seen it is. 
When the West is drained of gold - then the price will take off and China will decide what the price will be. 

Edited December 30, 2021 by sixgun

[Minimalist]

Just now, ArgentSmith said:

That was ground breaking in 2013, no as many chitcoins back then. If there was one prior I would have heard of it. You been into Bitcoin a long time?

There was one before honestly.

I have a position (not large) but my gut tells me somethings not right about it. Its founder and its cult.

The cult want cryptocurrency to play a big part in society… That aligns with central banking (in the works).

Mention Gold and the Banks and cults go beserk.

Im sticking to Gold until my retirement.

[ArgentSmith]

I will move on but I want to stress Bitcoin is not "crypto currency" it's Bitcoin. Just like Gold isn't metal things.

If it isn't Bitcoin it's a counterfeit, remember counterfeit = copy... made to look like.

Also given the Libertarian bent around Bitcoin and the huge pushback from Government banks and MSM how can someone conclude it to be a CIA creation, and no doubt Central banks will try and usurp the "space" with their own "crypto" offerings, a trap for the uneducated to fall into.

Look at all the people who went to jail getting Bitcoin on the map. 

If you are really that paranoid to think Bitcoin and the army of Libertarians who brought it to you are in fact working towards CBDS maybe you should unplug your internet connection and move to a shack in the hills, or at least consider it 🤷‍♂️

[sixgun]

1 hour ago, ArgentSmith said:

none 🤣

If you look on Zerohedge now the url returns a 404.
If you look back to January 2021 the text blocks on the page are strangely greyed out.
If you look back into 2020 you find the contents.

Zero Hedge asked the NSA if they created BTC - the NSA said - that's classified.

Did the NSA Create Bitcoin? That's classified

https://web.archive.org/web/20201109040551/https://www.zerohedge.com/news/2018-05-12/did-nsa-create-bitcoin-thats-classified

[Roy]

1 hour ago, sixgun said:

BTC is a CIA / NSA creation.

I came to this conclusion independently too. Does this make me a conspiracy theorist? 

I'm still into BTC however, there's lots of money to be made in a ponzi scheme, it's the timing that's critical.

[sixgun]

1 minute ago, Roy said:

I came to this conclusion independently too. Does this make me a conspiracy theorist? 

I'm still into BTC however, there's lots of money to be made in a ponzi scheme, it's the timing that's critical.

i think you are a bit of a closet conspiracy theorist Roy - that is why i love you so much.
By all means make some profit where you can.
The NSA thought up the idea in 1996 - they have the brain power, the knowledge and the computing to power to create BTC. Satoshi Nakamoto created it? It's some made up name shrouded in mystery. Create the system - put it out into the wild - test it out on the punters - milk it for dark projects - then close the exchanges, outlaw the coins and crash it at will when the Feds decide. Notice how China is pushing it away.

[silenceissilver]

19 minutes ago, ArgentSmith said:

I will move on but I want to stress Bitcoin is not "crypto currency" it's Bitcoin. Just like Gold isn't metal things.

If it isn't Bitcoin it's a counterfeit, remember counterfeit = copy... made to look like.

Also given the Libertarian bent around Bitcoin and the huge pushback from Government banks and MSM how can someone conclude it to be a CIA creation, and no doubt Central banks will try and usurp the "space" with their own "crypto" offerings, a trap for the uneducated to fall into.

Look at all the people who went to jail getting Bitcoin on the map. 

If you are really that paranoid to think Bitcoin and the army of Libertarians who brought it to you are in fact working towards CBDS maybe you should unplug your internet connection and move to a shack in the hills, or at least consider it 🤷‍♂️

Finally it doesn't matter if Bitcoin was created by the NSA or CIA because if it wasn't, it could as well have been. It has a public ledger and thus you can look into everyone's wallet, see how much they have, where they got it from and you can track the history of every single bitcoin. You could do the social credit system with bitcoin. It's very different with privacy coins like Monero and Pirate chain where you can't see all of this. There are more and more crypto currencies implementing some sort of privacy functions but mostly it's a joke. The whole crypto market is extremely immature - even declared joke coins shoot through to the moon. That doesn't mean all crypto is sh.t. There are 10K different coins and some will be useful - certainly privacy coins - once the social credit system kicks in and is combined with your bank account, people will start using it on a massive scale. As @sixgun has said, most or all first generation crypto currencies - and most of the newer ones - will go to zero, eventually, of course including Bitcoin. But some are here to stay, maybe some of the existing ones, maybe some that don't exist yet, who knows. There are very good use-cases (online payments) and therefore cryptos are here to stay.

The thought though that this could make gold worthless, is ridiculous.  Gold is here to stay, even much more.

Edited December 30, 2021 by silenceissilver

[ArgentSmith]

7 minutes ago, sixgun said:

 

the CIA + NSA in collusion with Japanese corporations 🍻

[Roy]

Just crazy ideas, but most conspiracy theories are eh?

The US is in massive debt. They cannot pay it with taxes, they cannot inflate it away.

But they can sell BTC to the youth and then crash it at will. The youth have time to recover.

(psst: this is gold monitoring thread 🤭)

[Stacktastic]

18 hours ago, sjhdesmond said:

Are you scared of needles or something?

No just people that take an experimental drug (with zero history) & have not even bothered to look into it (my wife included). 
Whats worse - these people then recruited to start assisting in jabbing other peopled & go around making complete strangers feel guilty. 
Its none of thier business and there is something very sick underfoot going on. I can just feel the undertones of it. 

If thats not scary then I dont know what is? 

BTW I self inject monthly & love watching the needle go in & the pain.  
The bi monthly blood tests are even better - the nurses love me. 

Edited December 30, 2021 by Stacktastic

[sixgun]

8 minutes ago, ArgentSmith said:

the CIA + NSA in collusion with Japanese corporations 🍻

Just suggesting where this made up name might have come from.
As @silenceissilver suggests it doesn't matter at the moment if NSA made it up - if you can make some profit out of it, good luck to you but unless you are 100% certain be sure, it isn't going to take over the world and be sure they didn't do it as an academic exercise and they didn't do for the good of your health.

Edited December 30, 2021 by sixgun

[sixgun]

6 minutes ago, Roy said:

(psst: this is gold monitoring thread 🤭)

Will members please stick to the topic of the thread.

Edited December 30, 2021 by sixgun

[Bigmarc]

39 minutes ago, chrisdobb said:

have you ever heard of bartering?

Yes Chris. About 18 months ago when all the excessive money printing began I stated to envisage what would happen next and put a plan in place. One of the best things to do is look at what poor countries are doing now. The prefer dollars over there own currency. In Cuba they have two separate currency's, a tourist one and a local one. Those people are really controlled and they would ask for shampoos, pens and clothing. So the way I see it, is that CBDC's are the way the world is going to go, full control and transparency of everyone's finances. With this will probably be an underlying bartering system (builders have got to be paid some way) Which in our part of the world maybe gold and silver, who knows? What I am trying to say is instead of planning for tho one scenario where we are all wandering around in sheep skins with clubs in our hands, just put 50 quid into the crypto space and learn, let it soak in, try and get one step ahead of your average Joe. Take it as a education rather than an investment. I hold gold, silver, copper, tin and crypto. No shares. ..... Ouch