Its Quiet In here…
Lots of posts and only zero to 2 comments on many of them. Where’s everyone gone ? Perhaps I should turn the lights out 😉
Lots of posts and only zero to 2 comments on many of them. Where’s everyone gone ? Perhaps I should turn the lights out 😉
No No….I’ll comment ….
Everyone is waiting for Blast off.
Yeah, pre blast-off lull maybe.
I read you guys everyday but I don´t comment too much I feel my level is too low compared to other people in here, just started in this huge investment-speculation world five years ago but I´m learning a lot.
Good work everyone here!
Appreciated Cervantes. Lots of good posters here, with some great perspectives.
No time . Busy reading some white papers on gold backed ICO. I heard that Andrew Maguire is launching Gold backed ICO. Just curious if it will be a copy of bullion coin electrofx.com/bullioncoin/ or something more stronger that really has the capacity to compete with the Western Unions of the world. If so could be very interesting as long it does not work with a pyramid sales scheme like bullion coin is built upon.
Alex, can you please elaborate on why bullion coins are a pyramid scheme? I have never heard that before and was wondering what your basis is. Thanks.
I did not explain well. Bullion coins in general are FINE.
However some of them like Bullioncoin https://www2.bullioncoin.com/ have a yield attached to the gold coin. The coin itself is 100% backed by physical and that is fine. However in order to realize that higher yield investors have to use the Bullioncoinbase platform as much as possible and refer it to friends and recommend it to merchants as preferred payment channel. In doing this the investors receive a commission that is built up like a pyramid scheme. You should read the white paper of that respective coin and then you will get it. Hope this helps.
NS, please do not go dark. I’ve enjoyed all of your posts, but it is difficult to get real excited with the metals seemingly in a holding pattern (though I haven’t checked their progress today). You’ve got me on the edge of my seat but I sure wish we would get a launch.
Please keep up the great posts!
Jim
Lol, will do Jim. I think we need a pause/pullback after the recent $100 move. Miners are a little frustrating though.
I am no cycle expert but Maybe both gold and US$ need a brief consolidation period before re-launch. Did we have a daily cycle top in gold? If so when should it bottom?
Hi Alex. I don’t really look at daily cycles because my strategy is buy and hold till 2026 (perhaps selling a portion into a pullback around 2022 or 2023).
Just waiting …….
Stock parabola, check (could today be the Bernanke call?)
Bond bubble, check (mark-to-fantasy still in place)
Huge inflow of cash to US corp’s and individuals via tax bill, check
Inflation on the horizon with increasing certainty (see tax bill), check