Gold Tops $1300 As Post-Golden Week Surge Continues

Gold is up almost 4% this week, surging back above $1300 as China gets back from holiday...

 

Who could have seen this coming?

 

Comments

Billy the Poet tmosley Fri, 10/13/2017 - 11:19 Permalink

If most bitcoin is held by nerds who mined it years ago that means there is little adoption outside of the nerdosphere. It would also mean that most bitcoin has never been traded and when those nerds do finally decided to sell off their hoard then some degree of inflation and a reduction in purchasing power will result. This should be self evident, but your mind is gone. Reptile brain in full control.Why do you believe that those who request evidence of a claim have no minds? I would think that those who simply accept that which others tell them without question are the intellectual inferiors.

In reply to by tmosley

OverTheHedge tmosley Fri, 10/13/2017 - 13:52 Permalink

You are too kind.Actually, you have probably amassed more wealth through bitcoin than I will ever own, if all your boasting and ranting is to be believed. Well done you. Unfortunately, I am pretty confident that I am having far more fun with life than you could possibly imagine. You come accross as the bastard child of Scrooge McDuck and The Grinch, and despite what you may think, it is not flattering. If you weren't so completely up yourself, you wouldn't be so much fun to tease. Frankly, you're a bit of a sad sack. Just for you, I will give you some free advice.If it doesn't give you pleasure, why are you doing it?Better be a good reason.Now, fuck off, and leave the abuse to people who really know how to do it. Like InTheMix - Remember him? He really knew how to make full use of scatalogical invective. I think he might still be with us, despite not posting often any more. You are a mere pimple on the epithelium of life in comparison to such giants of creative abuse.

In reply to by tmosley

Golden Phoenix OverTheHedge Fri, 10/13/2017 - 13:17 Permalink

It's possible in a way. There are geo locating apps that give you credits for checking in to local businesses. Then you can cash out the points for cash. Don't know if any allow checkout in cryptocoins but they can always be bought with the proceeds. Basically the same idea as the Pokemon but the location yields cash instead of a cartoon icon. There are apps that pay people to get exercise by walking. And there are other apps which pay people to scan a specific item in a store which is like finding a Pokemon on the shelf. Walking to a store could accomplish all three at the same time. If someone were a grocery distributor or something similar it'd just be collecting extra gravy for what they already do every day. If someone enjoyed walking it'd give them destinations. If you like PMs walk by the resale shop on the way and see if you can find anything that's sterling silver. It'd probably take forever to build up $20 but if you're walking around anyway it'd pay better than Pokemon charging players to play and a reason to get some fresh air is reward in itself. Not my thing but thinking outside of the box is fun too.

In reply to by OverTheHedge

Billy the Poet Solid Gold Bubble Fri, 10/13/2017 - 13:15 Permalink

1 ozt Au = 0.229 BTC How does that statistic prove that most people who hold bitcoin are individual early adopters? That is the specific question being addressed.And I'll repeat my suggestion that if most bitcoin holders are independent early adopters as tmosley states then that means that adoption of bitcoin has remained within a small, specialized group.

In reply to by Solid Gold Bubble

Billy the Poet Golden Phoenix Fri, 10/13/2017 - 13:08 Permalink

I have no narrative. An assertion was made and I asked for evidence. An examination of bitcoin related conversations on social media can only provide anecdotal evidence unless you define certain terms, measure specific items, correlate the data and produce a resulting theory. Such a study would not take into account those who hold bitcoin but who do not discuss it on social media so that area would remain entirely gray.Bitcoin may very well be the greatest thing since sliced bread but unsubstantiated assertions don't prove that to be true. Asking for evidence of assertions is normal procedure for any thinking person and does not necessarily indicate the presence of any competing narrative. If you said, "There are a whole lot of cows in my pasture" and I asked for an actual head count you probably shouldn't assume that I am saying that you have no cows at all.

In reply to by Golden Phoenix

Silver Savior tmosley Fri, 10/13/2017 - 10:11 Permalink

I do have a feeling that all these so called "retards" will end up not being so "retareded" after shit hits the fan. I am into crypto a little too but I don't see what good it would do in a crisis. Case in point, the wildfires are near me in Cali. Communications were knocked out and the stores went to only cash in the blink of an eye. Fundamentally crypto is similar to debit cards because it's electronic. Now if nothing too bad ever happens then I see crypto as a total replacement for currency as we know it but there are drawbacks to it and I never hear you addressing those.

In reply to by tmosley