Amazed by how people still tries to cash out using MtGox.
I didn't see any report of somebody successfully cashing out a significant amount of USD in months.
You might think that those who succeeded keep a low profile, but given the amount of fuss I'd expect somebody reporting successful withdrawals, as I did myself in July.
IMO this rally may give them additional fuel, but they are on the brink of something very bad. Too many months of obvious illiquidity.
Mt. Gox is on my shit-list for being deceitful, but I don't see that the failure to produce international wires in USD is necessarily 'obvious illiquidity.' Could be, but an equally or more viable hypothesis to me is that they just don't have access to the U.S. banking system.
It is abundantly clear that you are completely right that nobody who actually needs USD should try to use Mt. Gox. To bad Mt. Gox cannot be straight-up in providing their customers with such information though. That they are not is the actually kind of lends strength to the hypothesis that they are having some sort of issues whereby they need to raise capital. Deceiving customers like me is a sure-fire way to guarantee that they won't be seeing my business again.
There are huge delays for SEPA (EUR) transfer too, I experienced that myself as I had to wait +4 weeks until I decided to cancel and cash out BTC.
Bitstamp has no problems and funds move in a matter of 1/2 days despite of having seen exponential growth too. In fact their actual volume is very similar of the one Gox had just before they started to have problems.
Everything points to a liquidity problem for Gox. Is 2+2.
