Hasn't sentiment changed!!!??? Seems we are all the same. :D

[wrcmad]

I find this absolutely fascinating. :lol:

It is a once in a decade opportunity to spectate the psychology of fear and greed, shifting sentiment, and the real pursuit of us all. It is "market psychology" gold.

So far today:

29 active threads in Australia & New Zealand (Public) (sales threads)
17 Active threads in Digital Currencies
5 Active threads in Silver

It doesn't take Einstein to decipher what is happening.

This, from a member base, who only months ago, were scathing of unbacked paper, derivatives, charting & T/A, weak hands, etc ... oh, and did I mention unbacked paper?

I have made money from BTC too, and, as is well known, have never had aversion to paper & derivatives.

But I find it highly amusing, that all former rhetoric, which was so passionately thrust upon us in the past, can get flung aside when the $ start ringing. :lol:

It just goes to show, that no matter what we like to cast ourselves as.... IMO we are all from same mould.

 

[Altima]

Haha. At least I stand true to stacking only physical.

Gonna leave the complicated stuff to you guys!

 

[Eureka Moments]

How many WTB bitcoin ads in the barter thread?

 

[Caput Lupinum]

Oh another bitcoin bashing thread, how unusual

 

[wrcmad]

Oh another bitcoin bashing thread, how unusual

Not at all!!
I would never bash trading.

I think it's a beautiful thing.... the members are evolving. :lol:
They have seen the light.

It may be a turning point for the trader threads.
And it may just invalidate the BS paper bashing that has gone on for too long unabated.

 

[sammysilver]

I think the early investors have recouped their capital so the residual BTC is something to play with. I think the late comers are heading for a sting. Finally, I believe the NSA will probably corrupt the exchanges when it suits.

I'm all in silver so I have little fiat to play with now. But the hype on digital is reminiscent of Dragons.

 

[Eureka Moments]

Oh another bitcoin bashing thread, how unusual

3 bitcion bashing threads.

Got a long way to catch up to gold and silver bashers around here.

 

[mmm....shiney!]

I remember your early posts trying to justify paper trading now wrcmad.

Mmmmmmmmmmmm. I think I was one of your critics.

Tosser!!!!!!!!!! :lol:

 

[wrcmad]

Oh another bitcoin bashing thread, how unusual

Actually, we just reached another milestone.... the defence of the fiat of all fiats.

 

[wrcmad]

I remember your early posts trying to justify paper trading now wrcmad.

Mmmmmmmmmmmm. I think I was one of your critics.

Tosser!!!!!!!!!! :lol:

:lol:

Yes. I feel right at home now.

Love the way the chart naysayers can't get enough of the BTC/LTC charts.

It makes me feel all warm and fuzzy inside.

 

[trew]

Yes seems everyone has become a trader and chartist these days.

I can only shake my head and mumble that I must be the last value investor left on the planet.

Oh, and sparrow/yip - if you're reading this - I still don't have any bitcoins .

 

[VRS]

Saints & Sinners are we all indeed mate...

Let he who is without shame cast the first 10oz bar...

Very similar times to the dotcom boom though eh?

It'll all end in tears, I'm sure... for the majority.

Especially when the major banks take the thing over or the govts outlaw it.

I remember a time when currency controls were very lax indeed - and having a pocket full of CASH was normal, if one could afford it, say when going on holiday.

About 20 years ago I went travelling for a few months and took about US$7-8k with me. Not once was I asked whose cash it was, where it was from or what it was for.

In recent years, particularly when in the process of emigrating and dragging a family across the World - I'm talking less than five years ago - I had reason to do the same. At every turn, the matter of an individual having CASH - and a good chunk of it on him - came up.

Being made to feel like some sort of scrutinised crim, again & again, for carrying one's own hard- and legally-earned?!!? F&ck that.

So, I really don't mind seeing the rise of the crypto currency. Only a few main ones will prevail, but I'm sure the technology will diversify into maybe cultural, industry sub-sectors or region-specific applications which require it.

I've no doubt at all too that ultimately these 'free, decentralised' currencies will be controlled by the same people who took us off the gold standard, caused global economic havoc across four decades since then and whose name ends in 'Morgan' or 'Sachs'.

Why? Because they've had almost 2.5 centuries' practice at it.

Call me a cynic

 

[dccpa]

Oh another bitcoin bashing thread, how unusual

Actually, we just reached another milestone.... the defence of the fiat of all fiats.

Curious as to what is the barrier of entry for Bitcoin competitors? Higher than a tulip bulb, yes. High enough to sustain current prices, I doubt it. But then, I haven't had interest in bitcoin and haven't followed it closely.

 

[Midnight Man]

I will speak for myself only, but I'm "not buying it" - the "attractiveness" of these other "investments" that is (sharemarket, derivatives, whateveryouwanttocallits).

Yes, I mine a few satoshi's a day, for some fun, and I've been doing that for quite some time. I don't feel the need to discuss that much though, they're being mined, and that's that.

I have not sold a gram of my stack, and continue to add to it as the powder allows.

My 2c worth on all of this (economically speaking): It's an "engineered" situation thanks to QE. The time to be scared about it isn't when everyone is running around yelling that the sky is falling. The time to be scared about it is when everyone has finished running around yelling that the sky is falling and it all becomes the "new normal".

Are we there yet?

Maybe not, but we're not too far away now, I don't think.

 

[goldpelican]

About 20 years ago I went travelling for a few months and took about US$7-8k with me. Not once was I asked whose cash it was, where it was from or what it was for.

In recent years, particularly when in the process of emigrating and dragging a family across the World - I'm talking less than five years ago - I had reason to do the same. At every turn, the matter of an individual having CASH - and a good chunk of it on him - came up.

Being made to feel like some sort of scrutinised crim, again & again, for carrying one's own hard- and legally-earned?!!? F&ck that.

My wife just returned to Australia yesterday from a visit to the US. Had some personal gold coins on her (which are sitting in a SDB already this morning before anyone gets silly ideas).

25 minute interrogation by three customs officers at Brisbane airport before being allowed to proceed. Even the customs people couldn't get their stories straight - one claimed it wasn't "bullion" because they were gold eagles, and therefore was undeclared currency (based on value, not face), one claimed it was collectibles, another said gold - they were arguing amongst themselves more than anything. In any case it was a major turtling hassle. The "personal effects" rule mentioned on the Customs own information sheet for travelling with gold was just plain ignored by the trio.

 

[Byron]

About 20 years ago I went travelling for a few months and took about US$7-8k with me. Not once was I asked whose cash it was, where it was from or what it was for.

In recent years, particularly when in the process of emigrating and dragging a family across the World - I'm talking less than five years ago - I had reason to do the same. At every turn, the matter of an individual having CASH - and a good chunk of it on him - came up.

Being made to feel like some sort of scrutinised crim, again & again, for carrying one's own hard- and legally-earned?!!? F&ck that.

My wife just returned to Australia yesterday from a visit to the US. Had some personal gold coins on her (which are sitting in a SDB already this morning before anyone gets silly ideas).

25 minute interrogation by three customs officers at Brisbane airport before being allowed to proceed. Even the customs people couldn't get their stories straight - one claimed it wasn't "bullion" because they were gold eagles, and therefore was undeclared currency (based on value, not face), one claimed it was collectibles, another said gold - they were arguing amongst themselves more than anything. In any case it was a major turtling hassle. The "personal effects" rule mentioned on the Customs own information sheet for travelling with gold was just plain ignored by the trio.

So your wife did not declare she had gold coins on the green customs form?

And they picked them up? Gst issues too perhaps?

What if it was legal tender lunars, would they have to be declared?

 

[Jislizard]

I think the rise in crytpocurrency related chat might be a snowball effect. You get a couple of posts on the subject, Google finds it, people Google for Cryptocurrency and find Silver stackers and new members might well be joining for the subforum.

I think by nature silver stackrs are intersted in investing and anyone who spends that much time looking at charts can't fail to look at other charts and take the opportunities which aren't currently being offered by precious metals.

I think it is good to know that people can change their minds when fresh evidence is presented. Paper silver, accounting for 100 times more silver than physically exists, is not seen as a good investment, cryptocurrency is showing strong gains so the membership has decided that it is worth a punt and they are keen to share knowledge on the subject.

I welcome the evolution away from the dogma.

I don't have anything to do with cryptocurrency, I collect alternative currencies but only the physical ones.

 

[goldpelican]

About 20 years ago I went travelling for a few months and took about US$7-8k with me. Not once was I asked whose cash it was, where it was from or what it was for.

In recent years, particularly when in the process of emigrating and dragging a family across the World - I'm talking less than five years ago - I had reason to do the same. At every turn, the matter of an individual having CASH - and a good chunk of it on him - came up.

Being made to feel like some sort of scrutinised crim, again & again, for carrying one's own hard- and legally-earned?!!? F&ck that.

My wife just returned to Australia yesterday from a visit to the US. Had some personal gold coins on her (which are sitting in a SDB already this morning before anyone gets silly ideas).

25 minute interrogation by three customs officers at Brisbane airport before being allowed to proceed. Even the customs people couldn't get their stories straight - one claimed it wasn't "bullion" because they were gold eagles, and therefore was undeclared currency (based on value, not face), one claimed it was collectibles, another said gold - they were arguing amongst themselves more than anything. In any case it was a major turtling hassle. The "personal effects" rule mentioned on the Customs own information sheet for travelling with gold was just plain ignored by the trio.

So your wife did not declare she had gold coins on the green customs form?

And they picked them up? Gst issues too perhaps?

What if it was legal tender lunars, would they have to be declared?

From their own information sheet titled "Importing Gold, Silver or Platinum Bullion, Coins and Jewellery":

Import declarations are not required if imported goods are the accompanied personal effects of arriving passengers or crew (of a ship or aircraft) unless the goods are commercial goods.

It was an unusual case - my wife travelled to the US with the recently purchased coins, the GST refund claimed through TRS was rejected (not on the spot, we were advised of this by mail 2 weeks later), so she brought them back instead of leaving them there as planned - no GST was payable because they had already been purchased in Australia and she had the receipt with her still. Not much of a secret as it's been mentioned on here before, my wife is a dual citizen and was visiting her family as a result of the recent dog attack her mother suffered.

The GST refund was rejected because of the delivery address on the invoice - they were bought from another dealer, and delivered to a mailing address for Silver Stackers instead of our home, so TRS declared them a business purchase because of the delivery address despite the invoice being made out to her personal name. The timing of correspondence from TRS meant there wasn't enough time to challenge it before her return flight - if they changed their stance and processed the refund, she would have had to pay GST on entry again anyway, so TRS said she could re-enter the country and not pay any GST.

Main lessons were that a) carry invoices for your gold when travelling - this saved her being slugged GST on entry to Australia as it proved it was bought here with tax already paid as well as that she wasn't trying to sneak money into the country as one Customs officer implied, and b) make sure receipts for TRS purposes are clearly personal in nature - they rejected the refund purely because it had a business address on the invoice for delivery. Arguing that getting gold delivered to a home address was a bad idea just went over their heads as irrelevant.

If it had been non-GST gold it would have been a non-issue as there wouldn't have been a TRS claim to deal with.

I'm sure that a huge chunky gold jewellery chain around her neck wouldn't have raised an eyebrow.

Note for travellers to the US - gold declarations on entry are required, and is based on market value, not face value. Had to fill out FinCEN declaration that she was carrying gold on going through customs in the US.