Bound to be on public record and pontificated about by various PM fan websites.
Printable View
No you are not happy with your investments because yourve lost unimaginable opportunity cost... just admit it...!!... yourve gone so far down the rabbit hole that your ego wont allow you to invest even though you could possibly know that crypto is the real deal... .. aswell as not understanding basic human emotions physcology yourve been left severely lacking...
Inherintantly your penny resource stocks are the highest risk of them all !!! The Irony of it all!!!...
so to say you have no appetite for risk is stoopid man......you know all that...
Yourve just completed numbed yourself down about it all you don't even really know how to think clearly anymore about it so you make silly statements and predictions when you don't even know what your talking about no more...
Other posters like black Peter and Balance have learnt not to pipe up about it because they have been knocked down about it again and again...
In the tune of 10,000$ returns missed... that is 100 times investment...
What a mess
Yeah sure, one day Bitcoin could be replaced by something else... but might aswell trade and profit from this while we can...in any other market place if there's money to be made you would be all over it... but not crypto... what a shame... stocks or any other market place is no different.. its matching a buyer to a seller...everything is all some form of speculation, and the stocks you are involved in have some of the highest speculation anywhere ...
Its still not too late ...
...
For someone who has your level of wealth it would be pure negligence to not diversify....
* 10,000%
that is one hell of a missed opportunity sure ...
Hey, I missed that... but I can also replicate these returns with the next bear market then following bull market...
And I go to get it done !
And guess where I made that wealth CC >>I turned $2k into 180k in Property (thanks banks for the money) ... I do agree with my risk profile I could have taken a punt on BTC when I first came across it @ $600 I though it was worth a punt but just never got around to it as it was never going be many $$ when it comes to gambling playing the futures etc ..but at these levels ... as they say when the BIG BOYS are talking it up its time to look for the exit doors ... the amount of pumping of Crypto of late isn't a good sign ...
Buddy...
You are way toooo early to be making calls of a bear market... all the data says this has just begun still...there is barely any pumping at all from mainstream....
We are looking at September minimum before a bear market...
Even much longer...
I put most of my money into bitcoin at $15k-$17k us.... I put 10k more in a few weeks back remember... I'm more in a few weeks... the best time to buy is yesterday, but tomorrow will do...
This week had an absolute sicko, I'm up around .7 btc...
I didn't put much down and im amassing funds at least 20 times faster than I ever did in stocks...(conservatively speaking and seriously)
Man up Jbmurc ! And do the proper research...
The bull market has just begun
Why be just content with being a millionaire...
If some like you took this serious enough you could be well on your way to becoming a billionaire...
!!!!
No joke...
https://m.youtube.com/watch?v=YrLn0Uzjz8c
Jbmurc,
Video starts at 1min 30 seconds...
Tell us what you think...
And none of this silly stuff please 😜
Enjoy
Jbmurc,
Your 5 stock tips in the tipping comp are up a meager 25%...
My 5 cryptos are up 200%...
I'm interested to hear you thoughts about bitcoin breaking all time highs $60k us now...
Still going to $10k soon?
😆
So JBmurc confessed he knew about bitcoin at $600 so at $60k thats 100 times investment... what price did you know about it...
Why not tell us ?
I watched MAX Keiser(Another BTC NUTjob) good laugh at times.....so heard about it long ago and still here about it and have heard many reasons why it this and that ... I thinks its one amazing ponzi scheme prob going to go down as the largest of the next 100yrs ... when it will reach its peak and go over the other side ...who knows it Really comes down to who those 2% of BTC holders that hold 90% are what are their connections ... the FIAT Banking Cartel that controls the FED tied to the GOVT etc .. they will put the foot down and not want another digital FIAT taking any mainstream use (to date Cryptos aren't used for F all outside HOLDing and hoping for higher values so not a big issue yet)
As I've said before their is many ways to make $$$ ... I chose to take the path I find is true and to date its rewarded me and hopefully will continue to ... why I would want to join the hype and support the plan to take us to a cashless society ... Crypto pushes this narrative ... and think this along with its NEW anti GOLD rhetoric .... has allowed it a free pass to continue to be left along .. well till you can't or aren't allow to BUY real GOLD Silver
Gates on BTC
https://www.businessinsider.com.au/b...21-2?r=US&IR=T
Older clip but worth a watch on Banking cartels GOLD etc
https://www.youtube.com/watch?v=7w4_BziTwWY
Jbmurc,
Your all about making money though...
If it wasn't crypto you would be all over it if you could make a buck...
Your "true" path to wealth has resource stocks tearing down forests killing wildlife to have many species near extinction, aswell as some human loss of life... polluting the atmosphere with capital intensive practices to extract minerals...huge labour intensive practices, aswell as destroying the landscape of Earth making regions uninhabitable displacing people and indigenous people...
mining precious metals is one of the most destructive industries in the world." It can displace communities, contaminate drinking water, hurt workers, and destroy pristine environments. It pollutes water and land with mercury and cyanide, endangering the health of people and ecosystems. Producing gold for one wedding ring alone generates 20 tons of waste."
The toxic chemicals and leaching used to strip the gold from the rock is immense poisoning...
Also,
Companies who raise and spend vast amounts of capital from retail investors, mostly just to pay excessive wages and admin costs...
I'm glad you have such ethical views about your investments... your "true" investments are crushing Earth and you are aiding and abetting in the destruction of Earth...
The biggest ponzi scheme in history times one million is your resource stocks methods of extracting precious metals from rock...
Yet while turning cheek at crypto... geeze man...
Your profit has blood and death on your hands...
Way to go jbmurc
(The executioner)
👍
[QUOTE=Crypto Crude;876876]Jbmurc,
Your all about making money though...
If it wasn't crypto you would be all over it if you could make a buck...
Your "true" path to wealth has resource stocks tearing down forests killing wildlife to have many species near extinction, aswell as some human loss of life... polluting the atmosphere with capital intensive practices to extract minerals...huge labour intensive practices, aswell as destroying the landscape of Earth making regions uninhabitable displacing people and indigenous people...
mining precious metals is one of the most destructive industries in the world." It can displace communities, contaminate drinking water, hurt workers, and destroy pristine environments. It pollutes water and land with mercury and cyanide, endangering the health of people and ecosystems. Producing gold for one wedding ring alone generates 20 tons of waste."
The toxic chemicals and leaching used to strip the gold from the rock is immense poisoning...
Also,
Companies who raise and spend vast amounts of capital from retail investors, mostly just to pay excessive wages and admin costs...
I'm glad you have such ethical views about your investments... your "true" investments are crushing Earth and you are aiding and abetting in the destruction of Earth...
The biggest ponzi scheme in history times one million is your resource stocks methods of extracting precious metals from rock...
Yet while turning cheek at crypto... geeze man...
Your profit has blood and death on your hands...
Way to go jbmurc
(The executioner)
[/QUOTE
Back in the real world, our existance on this planet is totally reliant on mining resources. You can waffle on all you want about woke BS but without oil, iron ore, copper, silver, lithium etc etc ... we would quickly grind to a halt.
Clutching at straws suggesting mining gold is destructive. You stick with you windmills and bitcoin CC. Good luck !
duplicate post
Yes .. I think the CRYPTO has gone and fried old CC brain ....Is Crypto even woke ??
I think if anyone is truely anti mining O&G like really going to walk the talk (will you CC???? )... then your going need to first stop using anything made from mining or O&G ... I'm picturing you living in a tent made of hemp wearing clothes made of hemp/wool on a section of land close to the coast so you can fish for your supper ..with your homemade fishing rod ...
So no Cryptos(u must sell up) they are made with Computers using energy created by mining O&G...give away everything you own that has been created from mining Energy etc
Also don't you use any manmade roads they are made from mining of gravels sands etc TAR
Please tell me how you will live without supporting mining or O&G
i am not for or against bitcoin- but when someone points the finger at gold mining etc then a little balance needs to be brought to the convo...
https://www.stuff.co.nz/business/opi...out-the-planet
So crypto uses some electricity for power... whoop de do... as much power as Argentina or Ukraine... wow so huge... LOL...😆
Whereas resource companies pollute the atmosphere and murder endangered species and wildlife to clear forests for mining...
The Amazon is being cleared for bloody hands... death on your hands and all for profit...
You lot point the finger but need to have a good hard look at yourselves... aiding and abetting in the destruction of Earth...
So crypto uses .5% of power worldwide...
Compared to the benefits of International growth that is minicle and a great return on investment...
https://en.m.wikipedia.org/wiki/Envi...pact_of_mining
... Yabster I read that article and the guy is an absolute drip and low life...
Hes just a puppet who acts like he knows what he's talking about, but he only has the published article because of his tone...
Later this year the media will completely change their tone on crypto and thats when instos dump it on retail...
Crypto is by far the most exciting thing to ever happen to financial markets...
If you lot think crypto is getting smaller anytime soon then you need to have a good wash up and clean those filthy hands... 😉
Don't bring B...... into this. one nut job is enough !
duplicate post
With respect CC, I think you are missing the point. The point is not so much that crypto uses power, the point is mining is an essential requirement to our existance as highlighted in previous comments.
duplicate post.
CNBC yet again at it think they need to find some more young think their experts on the show as the guys that have basic understanding of history and money don't pump it .... just turned on CNBC ... with a Mr Aswath Damodaran - NYU Stern school of business .... yet again after talking about the market and business models the CNBC drops the BS paid Question .... "whats your view on Crypto!!!!on BTC some say its a revelational development in the markets"
Mr A D > Well I don't know what it is ? its failed as a currency no one uses it ... is it a collectable ? if so why did it fall harder than the markets ? Digital blockchain money may have a future but its not going be BTC its made by the paranoid for the paranoid ... I see its case as being price driven why its being talked about (JBM--who would talk about it if it was still $3k !!!!!!!!!!!!!!!)
CNBC host... "Right so your not a Bull on BTC". Mr AD -No
CUT !!!!!!!!!! two ads later >>>> BTC !!! BTC!!! Crypto way of the future .... its money for the new Gen ....Its reinventing money BAH BAH .....LOL .... and all the little CC of the world that make up less than 8% of BTC holders .... yes yes BUY BUY we are going to be RICH >>>
the real RICH, smart investors, Central banks BUYING GOLD SILVER real MONEY metal -
https://www.kitco.com/news/2021-03-1...ing-spree.html
https://hotcopper.com.au/attachments...f30f57302c691a
https://www.youtube.com/watch?v=tj2Y7cRxjQ0
https://twitter.com/GoldTelegraph_/s...08817018052612
https://www.youtube.com/watch?v=0x4FBj8XkAs
I stand by my view Cryptos were created to push the masses into digital so called Gold away from the real earths assets ... those in power don't want you to hold the earths real assets ... they can create as many digital assets as fools want !!!!!
start from 5min HUMANS time to wake up!! part from JFK at the end OPEN YOUR EARS CC-https://www.youtube.com/watch?v=DZKu83NA5VY
" Mr A D > Well I don't know what it is ? "
Well at least he's honest !!!
How can someone comment about crypto when they don't know what it is !!!!
.....
...
.
Your show on CNBC does not reflect mainstream media views...
Mainstream media is still anti crypto !!!
So just who's paying for this type of publication when mainstream is anti crypto !!!
JBmurc-
"I stand by my view Cryptos were created to push the masses into digital so called Gold away from the real earths assets ... those in power don't want you to hold the earths real assets ... they can create as many digital assets as fools want !!!!!"
This is a prime example of one feral pup speaking about things he doesn't know or understand...
These lame sort of views have resulted in him missing 10,000% returns and growing all the time...
....
Bitcoin was designed by Satoshi Nakamoto after the 2008 GFC to add liquidity to money markets when crisises happen... to negate the problems we had in 2008 when markets seized up...
No... those powers don't want you to hold crypto because they lose the power they have over you...
Those powers to be don't actually have this level od tech (yet) either....
Cryptocurrencies like Chainlink, Cardano, Ethereum, and many others are pivotal in the whole network... and without them you cant even run your crypto...Even governments require this tech and can not go around them... all Defi must go under Chainlink for example...
This is some phenomenal technology of the new computer age...the next level of the Internet...
Powers to be do not have their own technology to be able to compete with these cryptos and thats a fact...
These cryptos are full of teams of hundreds of the top computer programmers, scientists and minds in the World... this is no joke... just do the research...
...
..
"They can create as many digital currencies as fools want"
Wrong again...
There is unlimited fiat currency chasing a limited amount of crypto...
6500 ish cryptos is not that many...it might seem alot but it's not... how many listed companies are there?
Crypto is still only about 1% (give or take) of the valuation of stocks... its just a small small market value compared to what other assets are worth...
Miniscule.. cents in the dollar...
I see value and you don't...
This is why you have been hung out to dry...and now
Squealing about it all the time rather than doing any real research you just keep going down the rabbit hole...
Not doing research but still talking like you know everything about it...
You don't even have the foggiest of notions about cardano, or ethereum, or chainlink, or defi, or nfts ...
So just sit down...
....
Son.....
....
I will show you how to make money...
No serious investor is not investing in crypto...
...
..
.
For protecting one's wealth, Not being diversified is selfish !!!
I don’t trust crypto, have tried to understand it but got lost at understanding tethers and potential for fraud there. It’s hard to really be able to fully understand and trust how the whole house of crypto cards is constructed.
There’s been numbers of shares that have done as well or better than crypto over the last year, so there’s plenty of opportunity for anyone to do well. For myself, I think gold and silver have started to turn up finally and have some miners that should do well this year. I have diversified into rare earths and graphite as they are very strategic and hot sectors right now with unbelievable value growth already. But I will keep a core of gold and silver miners, which I’ve already done very well out of in last year’s tsunami of value growth. At the end of the day I like gold and silver.
LOL,
Denpal,
Sure....
The best stocks have outperformed the worst cryptos... but pound for pound crypto is returning 10 times more than anything else ....
EVER !!!
...
So you stopped looking at crypto when you couldn't get past the idea of tether...!
I mean that's some of the sickest and weakest mindset I've ever heard...
For example,
The derivatives market is the biggest market in the World and by a long long way...its worth something like a quadtrillion (1000 trillion) or something that sick...
And guess what ? Derivatives aren't backed by anything !!! There's no securities locked away to protect these instruments...
But yet a tether which is just the notion of 1 dollar in equals 1 dollar out is just not acceptable to you???
...
Geeze man your weak....
And your slipping badly...
Get in the crypto and get out by years end and you will be laughing....
😅
....
The Tether court case has been settled now...
So no more weak excuses
Denpal,
So why have you invested in traditional markets at all... the derivatives market makes the worst of the worst in crypto look like a play toy...
Nice try though sport
👍
https://www.investopedia.com/ask/ans...ves-market.asp
Holy bajeebers...
For ****s and giggles CC please explain you dreamland outcome ... BTC to 1million then what we stop using NZD USD and all use BTC ??? we stop mining O&G production + road building + home building and use Crypto to build the prefect world please explain how ???
Jbmurc,
You would be shocked with what I'm capable of doing if these market cycles play out as I have predicted... we are talking $100k into 10s of millions of dollars...
100 times return by 2025 is conservative and can be achieved from the top of this current bull market to the top of the next bullmarket (2025) so long as $200k-300k us btc becomes validated this market cycle...
as much profit can be made in a bear market as a bullmarket so its a mega multiplier...
...
I merely brang up the other issue because you say that you are such an ethical investor, you only invest in something for moral reasons... yet I have picked your arguments apart aswell as others...
....
Where's denpal at I'm rather enjoying these debates..😉
Hang on Big fellow >> I never said I was some high in mighty ethical investor ... I'm a realist and a father I care about the future for my kids but I also drive a car and live in a house ... all you have showed in your posts to date is you don't understand or really seem to get what resources materials are used for but seem to have some delusional view on what Crypto does or what it needs to survive the fact the bulk of the BTC mining comes from China Iran guess what they use to generate power =COAL OIL GAS etc ...
From what I can recall your driving dream behind Crypto is purely $$$$$$ you're going sell one day for millions of NZD and then buy many assets made from resources ?? Its all price based you have nil real world scenario of why we need all these cryptos outside selling to someone else for Bags ..
I see the IRS views BTC as a capital asset not a currency(I think this is the same here) ... and when you look at the dire debt situations of many nations I'm sure they will be happy to reap the millions in Taxes and will be happy to see the CC of the world pay more and more and pay FAT Cap Tax gains(in their Currencies of course) when you convert the BTC back into Currency of assets
BTC isn't going to change the way we use money its a capital asset ... a House ... a share in a company ... GOLD except its NOT real its pure digital you can't touch it you can't live in it ... and if it rises along with the ever increasing inflation in Fiat currency continues to chase the same REAL assets you want or need to live a modern life with all the TECH and Bling etc ...or are you the kind of guy that will just sit on MILLIONs of dollars and crytpo and not hold real assets ?...
The big difference between you and me is I'm Buying up the real assets and investing in real resources to increase my families wealth and well being .... you are investing and trading a tech cap asset in hope it will make you more money so you can convert into real assets some time in the future..
Jbmurc,
I'm real happy for you... you will do well...
but you do you boo....
Good things are happening and I'm on the right path...
Crypto has dramatically changed my life for the better... in December I had a house deposit... now I nearly have the whole house...
We are in March with the rest of the year as a bullmarket...
You might just see me jumping out of airplanes and bungy jumping in Queenstown next January...
How good !
this is quite an amusing debate here between what appears to be two blokes doing well, albeit at different rates...with different risk profiles. I guess this helps those who are looking for some confidence that they are doing something that others have already thought of. Going in with eyes open and all of that...
JBMurc is a dinosaur 🦕 ... he gets around in a wheelchair these days... hes always being overtaken in the slow lane... fuels his tesla up at the petrol station...
He doesn't like extra money...or diversification... he would rather dabble in risky shell penny stocks ticking things over and keeping a roof over his family than getting out the chainsaws and motor boats and doing some serious expeditions all the way to the stratosphere...
...
The money transfer is on ...
Soon enough if you haven't done housing or crypto then you will most likely be well behind and nearly without a shot at mass wealth unless you inherit it...
For people who don't have lots of wealth, crypto is the only chance...
It's the money maker...
Read my recent posts...
Oh my how good...
well don't get to greedy ... and make sure you take that gambling funds and put in into a home ... you can always borrow against the homes equity if you choose to>>
as to dinosaur in a wheelchair ...thats a bit rough ... I did https://www.motoxtreme.co.nz/event/D...21-20-Mar-2021 on Saturday on my 2014 FE450 Husky ... during the previous week I did over 60kms of mountain biking fitness at my local lakeside trails .... plus played my WED mens Golf Comp .. as I did again today ..this SAT I will be doing the Wanaka trail ride.. few more months I well be up in the mountains with Treble cone/Cardrona season pass planning 20+ days POW hunting steeps ... I think for a 43yr old I'm keeping pretty fit... I'll take up any challenger come show me I'm a dinosaur ... see how you handle the highlands and mountains >>
Big fall in the POG overnight. It has been suggested it is due to Archego being margin called there is a scramble for cash and liquid assets like gold are being sold but I know little about this story. Generally I get the feeling gold won't do well in a rising interest rate environment and that crypto currencies have removed the speculative appeal gold had. So I guess it is a question of whether it is a store of value in an inflating world. Central banks are still net buyers according to a google search so I guess I will hold onto my miners for now but suspect I am making the mistake of holding on the way up and back down again. Possibly should sell will I am still in the green.
I'm hoping its going play out like last year we got smashed in March to see April - JULY to much higher PM prices ... no way we will see anything but token rises in Interest rates .. FAR to much debt internationally to ever see high rates ... and even if we did doesn't automatically mean GOLD will be worth much less as why didn't that happen during the 2000's when we had 9% loan rates but GOLD went through the roof >>
Aaron,
So much money is flowing into crypto this year gold could nearly be eradicated soon lol...
...
I am on path to make more percentage return on crypto this month than I could do with gold in possibly all the rest of my life time...
It's a no Brainer really...
In 2021,
Gold is only good for people who don't know what to do with their money...
Tuck it away for a few years while missing your God damn right to so so much more.....
The yield...
Why Frank Giustra is challenging Michael Saylor to a gold vs Bitcoin debate
Mar 31, 2021
Guest(s): Frank Giustra Co-founder, The Clinton Giustra Enterprise Partnership
Frank Giustra, CEO of Fiore Group, has challenged Michael Saylor, CEO of MicroStrategy, to a public debate on gold versus Bitcoin.
Giustra told Kitco News that his intent is to help Saylor clarify some of the things he’s said publicly about gold and challenge Saylor’s thesis.
“I am not a Bitcoin hater. I just think that [Saylor’s] thesis on gold and Bitcoin needs to be explored and I think I would love the opportunity to explore some of the statements that .
https://www.kitco.com/news/video/sho...arket-Analysis
Yawn... what a waste of time that is...
Frank who...
India's march gold imports surge 471% (yoy) to a record 160 tonnes– govt source
I hope bitcoin crashes just so I can see CC eat his own vomit, I mean words.......
Did you read about the bitcoin newbie who downloaded a fake branded app from the Apple store and lost all his bitcoin?
And he wasn’t the only one. Cleaned out with no recourse.
😆
Buddy...
I'm winning the asx stock picking competition with my 5 cryptos (unofficially) two years in a row!!!....
And with my techniques I could win it 3 in a row 🏆✌ or more... why? Because not asset class can return like crypto does...
Has anyone won it twice in a row?...
Book it up...
...
Chin up Denpal,
Make the most of these financial loopholes while it lasts...
Let the good times roll...
Right I can't recall your 2020 ASX picks and don't see you in the latest COMP ...but as you are 100% focused on one sub-sector of the TECH sector not very diverse
you should remember
"When investors are euphoric, they are incapable of recognizing euphoria itself"
The picks are posting somewhere...
I'm sitting in 1st place
https://www.bullionstar.com/blogs/ro...k-ever-pulled/
Conclusion – The Greatest Trick ever Pulled
Manipulating gold and silver prices by spoofing futures trades and cancelling them is one thing. Central bank intervention into physical gold markets to dampen the gold price is another. But perhaps the most far reaching yet unappreciated method of manipulation is sitting there in plain sight, and that is the very structure of the contemporary ‘gold’ and ‘silver’ markets where by trading in vast quantities of fractionally-backed synthetic gold and silver credit, be it in the form of vast quantities of that are ‘gold’ or ‘silver’ in name only, or in the form of gold and silver futures which haven’t the slightest connection with CME approved precious metals vaults and warehouses.
By siphoning off demand for real gold and silver and channeling it into unbacked or fractionally-backed credits and futures, the central banks and their bullion bank counterparts have done an amazing job in creating an entire market structure of futures and synthetics trading that is unconnected to the physical gold and silver markets. This structure siphons off demand away from the physical precious metals markets, and in doing so, creates a system of price discovery which is nothing to do with physical gold and silver supply and demand.
Apart from fractional-reserve banking, precious metals market structure is perhaps one of the biggest cons on the planet. So next time you think of precious metals manipulation, remember that in addition to spoofing and secretive central bank gold loans, the entire structure of the precious metals markets is unfortunately one big manipulation hiding in plain sight.
Why I don’t trust bitcoin:
https://www.zerohedge.com/crypto/sec...uspicion-fraud
LOL LOL LOL
THE most common currency criminals use is the US dollar...
So will you denounce the US dollar???
You don't trust bitcoin,
But the scam in your link has nothing to do with bitcoin...
There is some real twisted level of thinking around but I think you take the cake...
LOL 😆🤣😂
You're in serious denial, what do you mean bitcoin exchanges have nothing to do with bitcoin? And what about this: "In early April, Turkey’s Central Bank has banned cryptocurrencies as a form of payment from April 30, and the country has prohibited payment and electronic money institutions from mediating money transfers to cryptocurrency platforms". That is what I would call sovereign risk.
Dude,
You are in serious denpial here 😆🤣😂...
You are about to get carved out....
You never learn... I end up going around in circles with you trying to explain simple things and you keep coming back to the same dumb argument...over and over now...
At least come up with new debates...
....
Bitcoin is not the scam, it's only the medium of exchange to facilitate the scam !!!.. huge difference... for example,
Bernie Madoff ripped investors off billions of US dollars of currency worth...65 billion US dollars worth and the biggest ponzi scam of all time... that does not make the US dollar the scam... the scam was Bernie Madoff...
...
Do you understand now?
...
...
And also,
Forget about Turkey man... they pose no real significance to anything...you wouldn't even get a carved Christmas lunch out of them...
.... Turkey has now been recognized for the Armenian Genocide during World War 1...
You should focus on that...
https://www.google.com/amp/s/www.nbc...mp/ncna1265129
...
You got smoked....
😆
USA markets down slightly gold down slightly, I thought that gold acted inversely to the stockmarket but it seems like big flows of liquidity sloshing in and out of everything depending on the mood of the day.
As far as the bitcoin/gold debate, as far as I can tell they are both supposedly alternative currencies that rely on the belief of the general public to have any value. Bitcoin a way better speculation at the moment. Time will tell as both seem risky to me, although I am speculating on gold as I have more belief in it and although something physical in a digital world seems out of date as long as central banks hold it so will I. (actually that is not true, I am going further out the risk curve and speculating on gold miners and a rising gold price rather than holding gold.)
Not sure about the reliability of zero hedge they have a definite bent but positive news for gold a new convert.
https://www.zerohedge.com/markets/sa...asement-dollar
A few articles about crypto currencies. I wonder how you choose which one is best? Plenty of options.
Yeah I always listen to "Sam Zell" on CNBC makes plenty of sense in a nonsensical world at present.. I agree with want he said in the interview..
.. EV and everything attached to infrastructure + Green Energy will do very well ..so resources like Copper-Silver-Lithium-Zinc-Halloysite ...
Today we just ordered a new SUV KIA SORENTO ... have to wait till AUG/SEPT ... the dealer we ordered through they have orders for 50+ new Sorento's for the last couple weeks ... all waiting for the KIA Factory .. sounds like chip shortages
and guess whats needed for Computer chips -http://www.nma.org/pdf/m_computer.pdf
Yes I really rate the latest Sorento ... took the prem model for spin up the Coronet Peak road ... was very impressive handling and power for a BIG seven seater SUV and 7lt per 100kms !!!! ended up going for the EX model as not stress about all the extras ... we had on the Premium model we currently have .... 60,500 great BUY imho..
Yes Gold has great properties you just can't create from other minerals ... as to why it has such a high value ....
Gold demand in the technology sector was up 11% year-on-year, coming in at 81.2 tons in the first quarter of 2021.
According to the World Gold Council, the strong growth was partially due to comparison with relatively weak tech demand in the first quarter of 2020, as governments began shutting down economies in response to the coronavirus. But comparisons with Q1 2019 and Q1 2018 suggest that demand has recovered quite quickly and is now at more typical Q1 levels.
The electronics sector accounts for the bulk of gold used in tech and industry. Demand for gold electronics production was up 13% to 66.4 tons in the first quarter. Recovery in the global auto market has helped boost demand for gold in electronic components.
Strong demand for high-end consumer electronics, such as laptops, tablets and TVs drove healthy growth of between 10 and 13% y-o-y in LED gold use. The recovery in the automotive sector was a factor here as well. 3D sensors within mobile and AI devices also provided strong support, alongside the growing use of UV-LEDs within the biomedical sector, primarily in bactericidal wearable devices.
Wireless communication technology also depends on gold. The sector maintained a steady growth of between 2 and 4% in Q1, driven primarily by robust demand for 5G infrastructure and devices. China is targeting the installation of 600,000 5G base stations in the short term, with a vision of providing all tier 1-3 cities across the country with access to 4G/5G connectivity by 2025 – an objective that will require an estimated 10 million base stations countrywide. 5G is also becoming increasingly common in handheld devices. Over 1/3 of all smartphone shipments in 2021 are expected to be 5G enabled. These devices require an increased number of power amplifiers, which depend on gold for their reliable operation.
The Printed Circuit Board (PCB) sector performed strongly during Q1 as well, registering a rise of 15-18% y-o-y.
Demand for gold in other industrial applications rose by 9% to 12 tons y-o-y. Two of the main components of demand – luxury gold-plated accessories and jari (gold thread used in traditional Indian clothing) – were limited by ongoing COVID-19 related disruption.
Gold is increasingly being utilized in the healthcare field. Gold nanoparticles are often used in diagnostic testing, including COVID-19 tests. While the quantity of gold is small compared to the overall demand, it is a critical component of the tests. Gold is also important in medical imaging. The yellow metal has even been used to partially restore the sight of blind mice by replacing their deteriorated photoreceptors – sensory structures inside the eye that respond to light – with nano-wires made of gold and titanium.
From time to time, you will hear people inexplicably say, “Gold is just a useless metal.” They claim that gold’s value is simply “a matter of faith.”
This is sheer nonsense. In fact, gold is one of the most useful metals on the planet and would probably have even more practical applications if it wasn’t so rare and expensive. The truth is gold did not become money because it wasn’t useful for anything else. Its role as money actually evolved because it is so valuable and has so many uses.
-SchiffGold
Cryptocrude will be getting nervous, bitcoin under $50k after Tesla stopped accepting it as payment....not green enough.
Apparently from what I read, when the communists demolished the original St Saviour church in Moscow, they removed 24 tons of gold from the roof.
I always think of this when I hear someone say gold is useless. Of course it was far better than corrugated iron would have been, it would last forever. Same for water pipes, never need replacing (unless they were stolen of course).
Still I have difficulty using these facts to prove how useful gold is. They show how useful it could be were it not for price. But if it's only the price that makes it useless, that's something else. It seems a bit circular.
Yes well it depends on usage amount per application.. I got a Gold crown fitted couple years back ...and its brilliant plan to get another fitted soon ...not much Gold $50-$100 worth etc
Benefits of Gold Crowns
More modern materials, like porcelain and ceramic, are popular today because their color offers a more natural look and is less noticeable. Gold crowns, on the other hand, are hard to miss.
That being said, there are numerous benefits of gold crowns that you can’t find with any other material. These benefits include:
High resistance to corrosion.
A quality seal to the tooth, preventing further decay or leakage.
A minimal amount of tooth removal.
Fracture-resistance.
High tolerance for biocompatibility.
Gold crowns also last much longer than other fillingsls, but obviously come with a large price tag. Fortunately, their longevity means you can sell them for a lucrative price when it’s time for a replacement.
Other micro usage >>>>
gold doesn’t oxidise.
The contact surfaces for CPUs, RAM, PCI cards, etc need a very, very exact electrical contact to work correctly.
Any small spot of oxidation would break the electrical contact and cause errors in communication. To avoid that we use a tiny layer of gold over the contacts to provide corrosion protection.
Sorry mucked up.
JBmurc isn't the price of gold a bit like the price of Bitcoin as a currency and a store of value, it depends on the faith people put in it. If you are arguing that golds ability to not corrode makes it good for practical applications then its price should be falling to make it a more realistic alternative in practical applications and as a commodity.
Interesting to see Elon/Tesla not accept bitcoin for environmental reasons. On the same basis no one would accept gold I would imagine.
That said last few days gold prices have perked up and still the only currency with physical limitations on supply.
Not IMHO ...Vast majority Bitcoin faith of value comes from its Holders .. 99% of the masses don't give a rats ass about it ...many believe it actually very bad for the planet >>
Gold doesn't need faith it has real use you use a smart phone , Computer ,TV ,autos etc ? ..real mineral properties you can't just make up on a digital platform ... costs to mine continue to rise this is what backs its value... you can't just make a new Gold ... its been here for Billions of years and will be here long after mankind has wiped its ass for the last time...
.I think Gold faith would be the dead opposite to BTC and 99% of the human race would see value in say Gold Jewellery ...From a very young age we all know the Gold award & medal was a great achievement
-People not accepting gold from environmental concerns would cover pretty much all items /foods /shelter ...are humans going to stop using Iphones ? autos etc
Gold on a consolidated close of US$1866.40 overnight.
A good breakout on the chart, and should be positive for Aussie producers today, following on from a good day yesterday.
China has now banned crypto as a means of payment! Good for PMs I'd say.
https://www.news.com.au/finance/mark...200494cdc79bf0
Bitcoin now down to $US39k. I wonder if Cryptocrude is still so utterly messianic?
This guy has some great charting insight, @graddhybpc on Twitter. Needless to say he's frothing at PMs potential now including Platinum. He thinks silver will have as great a run as BTC.
This is the article I read that really made me dubious of cryptocurrencies, and it seems they are being outlawed more and more:
https://crypto-anonymous-2021.medium.com/
Gold US$1899 overnight, looking strong.
I notice that the London Exchange seem to consistently be the party poopers, while they are open the price weakens..
Any opinions or theories on why that is?
Time to bail out of gold miners or buy some more?
I guess the process might be, "if" central banks raise interest rates in a meaningful way, the economy crashes and gold goes up again once the money printing starts increasing to save the economy. Maybe sell now and buy back in when interest rates head down again?
#Gold has been selling off despite #inflation data that's much worse than expected because investors also naively expect the #Fed to successfully contain inflation before it becomes a problem. Gold will surge once investors finally figure out that inflation can't be contained.-Peter SChiff
Basel III revaluation of gold to tier 1 asset on 28 June not far away ... how this prices Gold going forward will be interesting
https://seekingalpha.com/article/443...gold-investors
I did recently dumped the last of my OBM holding after the demand for more funds I now see Hawkspoint selling down a few shares ... they hold like 40% of OBM >>>
reduced my CNB/MAG position last week ... have moved portfolio towards Energy play CUE ...+ BBUS (short on the SP500)
still holding WWI + LCD as my pure Gold plays with CNB MAG AGC LRS having other base metal projects ... prob least amount of Pure Gold plays on the portfolio I've had for over a year.... see how the 2H21 plays out will prob keep my portfolio mix to less than a third pure Gold plays....
PGM getting crushed overnight pure paper trading Palladium supply is very tight yet the price dropped 11% overnight >>>
Will try and take some of my POD profits ..but could be crushed like CHN will be today ...
No winter ski holiday for me this year paid for from gold speculations, sadly.
The people still banging on about gold are generally like Peter Schiff involved in buying and selling it.
Although lots of commentators still recommend some as an insurance policy against armaggeddon.
Fuel costs heading up, possibly interest costs heading up (unlikely) a couple of big inputs for miners getting more expensive. Who knows prices move up and down.
Peter Schiff is honestly one of the biggest weasels of all time... He barely knows what he's talking about...
Not as bad as some guys who said no to crypto at $500bucks and now it's 100 times higher in value...
In the last 5 years bitcoin has outperformed gold by 156 times...
He goes on a lot and I don't believe in his political views but he has been right in the past.
https://www.youtube.com/watch?v=jj8rMwdQf6k
No denying bitcoin has been a better speculation.
I thought you were in a car accident?
Possible JBmurc,
But in doing that it would have to do something jts never done before!
Crypto Thread post 3739 NOCASH "Crypto-Crude was in car accident, he's still in intensive care. That is what I heard from friends friends in CHCH."
I was probably not the only one waiting for the demise of bitcoin to rub it in your face but felt bad after NOCASH's post.
Oh that's not true eah !!
I'm just fine...
I've still got half a million in crypto from 60k invested in December and I've paid off the student loan and all debts...
But if bitcoin was to fall through 30k us that would be bad ...
For the bullmarket to be over so soon bitcoin would have to do something that it's never done before...there's every indication there is a double bubble peak... this is why I didn't sell !
https://m.youtube.com/watch?v=tO0wJegGSBk&t=266s
Good plan to pay off all debts and get your own home debt free if you haven't got one already >>
T/A wise I'm a Big Supertrend fan and at present BTC is in a BEAR daily trend and very close to going to a weekly BEAR trend its been through the 34k weekly support level but keeps rebounding above this line to hold its BULL trend weekly thats been in place since JULY2020.... so for me taking the emotion out of the fact I think BTC is BS >>> It could be a good time to BUY but have a stop-loss in place right below 34k as if it falls and stays below this levels I think it will be in a long BEAR trend to sub 10k ..
CC do you have most of the 500k in BTC ?? if so be smart and put a stop-loss in place ..
Gold will catch a bid like all the metals and everything modern man needs to keep are standard of living in place and to progress zero-carbon future ...BILLION upon BILLIONs of capital to flow into the resources sectors ... if we are all going to own EV's
I see crypto currency token, IRON Titanium (TITAN), goes from $65 to zero in 24 hours ... well that gamble in the Crypto wild-west ....Crypto nut jobs can BAG Gold but it will be still here long after humans have been wiped from the planet and as the sun evolves, it'll expand to become a red giant star and fry our planet to a cinder... Gold will still be here
Crypto will be forgotten in time as just another Ponzi scheme thats fine as long as new investors keeped it alive >>> more than 1000 have crashed and burnt many investors to date
https://theconversation.com/more-tha...-future-127463
LoL jbmurc,
Why you so mad...
Is it because you have missed the greatest returning asset class in all of history over and over and over again....
Not many times does any investment offer the opportunity to make so much bulk return so many times...
I'm still up and overall 800% ish since December last year so no complaints from me...
Lets be honest, had I invested in Gold or stocks or any other asset class I would have been up to fluff all... maybe you wanted me to be struggle. maybe you can't deal with the fact that crypto is just so amazingly 😍 primed to perform .... maybe you don't understand what crypto represents and just how important it is...
Well, I'm playing catchup here I got a lot more money to make... and I go to get the job done.. I will sellout and short it all if I feel the bullmarket is over...
😉 enjoy 😉
I got rug pulled in heads or tails last week for 3k... no big deal...and I've been rug pulled before and it will happen again...
My big winners were 80baggers 25baggers 10 baggers and so on...
Losing 1 bag here or there is just fine 🙂😍
There are Bulls, bears and apes (retail trader)...
We are the ones the mainstream and professionals call 'dumb money because we are too stupid too know what we are doing...
Meanwhile the dumb have been correct for 6 months while the pros continue to bash...
No Madness here I've had my best YOY return since I started my trading company 2006 ... I think your Mad because very few around here want to join the ponzi .. Maybe if I took the Mill out of the market and purchased lotto tickets for a big draw I might 30x fold my investment overnight ??
You talk of Baggers like your the only one that has made them ... I've had more than my fair share of baggers my best in the property market .. I purchased several RES sections cost me $3k ... Bank loaned the rest sold the sections a year later for a 180k Profit ...put a 10% deposit down on a section in Queenstown in the early 2000's
$7k ... section value went to 250k when titles came due 12 months later..
What will the bank value your Crypto wealth ??? If your smart as you talk up your'd be taking these great gains you talk and get it into assets you can leverage with at these low rates ... I'm more than happy to have debt @ 2.2% etc as its in assets paying me far more .. your gambling FUN when your on a roll
Also what protection have you got ...If I'm right and Crypto continues downwards from here ... I hope as least you're paying TAX on these FAT gains so if it goes against you you can reduce your personal income tax >>. I had some really crap years trading the resources sector 2011-2015 ended up with near on half a million in TAX credits they are all well used up last couple of years ...
I don't personal pay for a new TV ,Cellphone, much of my fuel use , SkyTV ,internet ,computers etc .... I have my wife as company sec ... using her TAX code saves thousands in TAX >>
Take your gains and be smart ...maybe you already have and purchase and trade Crypto through a company ?
Your selling yourself short and under performing your true potential...
Can I get the opinion of you two duelists on the
Perth Mint Gold Token: [ see https://pmgt.perthmint.com/ ]
and similar gold backed tokens.
Best of both worlds?
"For the avoidance of doubt, The Perth Mint does not guarantee the Trovio-issued PMGT or Trovio’s operation of PMGT on the blockchain. It only guarantees the gold securely held by The Perth Mint, which underlies all GoldPass certificates."
Oh yeah .... if your into gold sure why not... but not for me... need to supersonic those returns up.. Ramp those bags up as high, and gold or even stocks just do not cut it......
video link is for entertainment purposes...
https://m.youtube.com/watch?v=7-fzP1RhtwA