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    Author Topic: Gold collapsing. Bitcoin UP.  (Read 2032318 times)
    oakpacific
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    November 29, 2013, 11:08:53 AM
     #6901

    the world has changed forever.

    goodbye gold.

    When bitstamp and other exchanges hit it I'll be on the train here. Gox prices are at this point irrelevant to me. Just funny munny sloshing around in their platform.

    In any case we are on the cusp of all exchanges hitting that parity point. That is when the TRUE price (in my view) hits parity.

    Yes, you are correct about gox. But the media doesn't care, they use gox because it's highest and they want the headlines first.

    Of course all this is arbitrary (1 oz vs 1 BTC, 21 million supply vs gold supply). "Market cap" is much more meaningful and for Bitcoin to reach parity with golds value in that category will take a little more time to achieve...

    What a great story, though.

    Gold collapsing, Bitcoin UP.


    A place to watch for carefully should be the PM ETF market, they seem to have no reason to exist anymore, or should be totally decentralized and utilize the blockchain as trading vehicle, as unlike stocks, anyone holding PMs should not need anyone's approval to trade them.

    https://tlsnotary.org/ Fraud proofing decentralized fiat-Bitcoin trading.
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