Kirill Klip.: Even Golden Bubbles Are Made Of Bubbles: Bitcoin Vs. Gold - Some Thoughts And Infographic.

Bubble Chronicles. Mystery Solved: Meet Satoshi Nakamoto - The Face Behind Bitcoin

Kirill Klip.:

Even Golden Bubbles Are Made Of Bubbles: Bitcoin Vs. Gold - Some Thoughts And Infographic.

  

  Even Golden Bubbles Are Made Of Bubbles. I was following Bitcoin for a while ... and other 50 crypto-currencies. Once the amount of crypto-ideas about Gold 2.0 exceeded 60 - I have lost my interest. But the last Fall moment was truly historical: when Bitcoin has briefly touched parity with Gold. 

  I will leave you to your own studies on this subject, but will mention only one particular angle. Bitcoin was supposed to be the competition to FIAT currencies. Why there is such a "tolerance" from authorities in U.S. - compare to the "FED's 100 years War on Gold"? Maybe I know the answer, maybe you will find another one. Gold is finite and the Only Money accepted for thousand of years as such. It cannot be printed or created in any way apart from the very hard work to discover and recover it from the ground. Gold companies are mining the dust now compared to the 90s and new discoveries are few and far between. Bitcoin, on another side, can be manufactured at Will and there is the different opinions about the Control of this Will in Bitcoin case, but NSA will always provide you with the better substitute of Bitcoin at some point: NSAcoin. 

TNR Gold: Shotgun Gold Project - Why Do We Need New Gold Deposits?

  Some wise, but very dangerous men once said: "We will take the best out of Them, we will intrigue them by Enigma and Secret, we will make Them think that they are running the world ... but it will be Us who is really in charge." Do you see the historical parallels?"Brothers" are still in denial and Bitcoin "revolutionaries" are fighting the FED ... 

Chris Martenson: The Perfect Business Case - Exponential Money And Limited Resources Supply.

  I will encourage you to read the brilliant "Gold Price Relative To Monetary Base At All-Time Low":

"The newest edition of the annual In Gold We Trust report is out. This eight edition goes again to the heart of gold’s value and analyzes the yellow metal as a monetary asset rather than an industrial commodity. The In Gold We Trust 2014 report takes a sober look at the big picture in the monetary system and offers a holistic analysis of the gold sector. It is written by Ronald Stoeferle who is the managing partner of a global fund at Incrementum AG in Liechtenstein, based on the principles of the Austrian school of Economics. GoldSilverWorlds."

  If James Rickards is right with his "The Death Of Money", which I think is the case, than we are heading straight into the Currency Collapse at some point. The idea to test the substitutes to US Dollar and build up the opposition to the Only and True Money - Gold is very attractive. Problem is that the people with a lot of even FIAT money prefer Gold, only people with a lot of Debt are searching for Gold 2.0 - China buys Gold and encourages its citizens to do so. And as James Rickards has put it:

  

Jim Rickards‏@JamesGRickards

#Bitcoin fans are always promoting "Gold v Bitcoin" debates. I've never seen a #gold advocate do that. #RealMoneyEnvy

Bitcoin Has Reached Parity With Suppressed Gold And Crashed GLD, MUX, TNR.v, GDX

  

 We are witnessing the watershed events in the financial markets these days. Bitcoin has reached the parity with Gold today crossing $1242 before crashing to $1000, now it is back to $1178. We will repeat: congratulations to everybody who bought it cheaper and is able to sell now. Bitcoin exorbitant rise  show the future for the real alternative to FIAT currencies. Its spectacular fall will drive attention to the real value: Gold and Silver. With new revelations from Kissinger about the Gold Suppression, rise of Bitcoin demonstrates the unleashed potential for Gold and Silver free of manipulation.
  All crypto-currencies are on fire these days with Litecoin crossing $50 before crashing today to $38 and we can see here the danger to this very remarkable idea. Will Bitcoin sustain its rise to $2000 and fall to $50? It is not currency at the moment, but asset Bubble chased by the crowd attracted by "unbelievable returns on investment." System is taking notice and will make all possible moves to discredit Bitcoin. Bitcoin's success will the major problem to overcome here. Now it looks like classic OTC market Pump and Dump: few insiders are controlling the flow, price is pushed up in deals between insiders and crowd is attracted at more and more higher prices with rising volume and distribution by insiders.

  Expect the "active management of Bitcoin" now: rumours about the NSA cracking the encryption, hackers stealing BTCs and compromised Exchanges. The price going to the sky will trigger insiders selling itself and then it will the question how Bitcoin can withstand it.

  In the modern age of Currency Wars and announced Financial War stage with China threatening the US Dollar Reserve Currency of choice status, we will ask very important question: Who is really behind Bitcoin? Even if it is not introduced by countries like China and Russia now - they are taking notice. People are getting out of dollars and other FIAT currencies and even Gold and Silver prices are affected by the BTC rise. The only thing BTC lacks in order to become the real Money is stability and "accepted system guarantees". Now lets imaging that somebody will introduce crypto-currency, but backed by Gold and going into the mainstream. This will be the real game changer and who knows maybe somebody is testing the grounds already.

  Next year China is going to announce its official Gold reserves and these number will be very interesting with ongoing record amount Gold accumulation this year and record high leverage in the Western Fractional Reserve System with 69 owners per one ounce of Gold at COMEX.

Gold Manipulation - Kissinger: "Why is it against our interest to have gold in the system?" GLD, MUX, TNR.v, GDX

Bitcoin vs. Gold: The Future of Money - Peter Schiff Debates Stefan Molyneux GLD, MUX, TNR.v, GDX

"We have a great conversation about Bitcoin between Peter Schiff and Stefan Molyneux. You can find a lot of additional information on Bitcoin from Stefan's video. Everybody decides for themselves where is the Intrinsic Value and where is the Bubble. We are siding with China here - who is buying record amounts of Gold this year with Thailand, Turkey and other Asian countries."

Nine Bitcoin alternatives for future currency investments

"If those nine bitcoin alternatives weren’t enough for you, there are over 60 different altcoin currencies currently being traded at various exchanges like Cryptsy, including AndroidsTokens, AlphaCoin, AmericanCoin, AnonCoin, Argentum, AsicCoin, BBQCoin, BitCar, ByteCoin, BitGem, BottleCaps, CryptoBuck, CryptogenicBullion, CopperLark, Cosmoscoin, CHNCoin, ColossusCoin, CopperBars, CraftCoin, CasinoCoin ..."

ZeroHedge:

Bitcoin Now Worth More Than Gold

UPDATE: ... And then Bitcoin collapses 13% minutes later...

It seems the growing tensions in Asia (Japan-China sabre-rattling and Indian capital controls) have prompted more great rotation out of fiat and into digital currency as China/India markets open. For the first time ever, the price of one unit of Bitcoin exceeds the price of an ounce of gold...

1 oz of Gold = $1241.98 (Bloomberg)

1 unit of Bitcoin = $1242.00 (Bitcoinwisdom.com)