John Rubino over at Dollar Collapse – Wed 4 Jan, 2017

Bitcoin and its rise toward gold

John Rubino chats with us today about the steady rise in Bitcoin. Now over $1,100 per Bitcoin the cryptocurrency is again approaching the same value as gold. We are seeing individuals in countries that are economically unstable flock to Bitcoin for safety and an escape from the domestic currency.

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John RubinoCory FleckAl Korelin

  1. On January 4, 2017 at 2:50 pm,
    CFS says:

    It is only the slowness of governments that has stopped crypto-currencies from being illegal. (2 cents)

    • On January 5, 2017 at 5:29 am,
      OOTB Jerry says:

      bitcoin just got Hammered……mexican peso, who would have thought……..

      • On January 5, 2017 at 10:52 am,
        james says:

        Bitcoin is no GOLD ! Bitcoin is the same as Dollar electronic !

        • On January 5, 2017 at 10:55 am,
          james says:

          The Swift Monetary System control Bitcoin ! Day need total control !

          • On January 5, 2017 at 11:00 am,
            OOTB Jerry says:

            What is the price of bitgold……..?

          • On January 5, 2017 at 11:02 am,
            OOTB Jerry says:

            DT wants to know……….

          • On January 5, 2017 at 11:04 am,
            OOTB Jerry says:

            We need some commentary on bitgold and bitcoin………

          • On January 5, 2017 at 11:13 am,
            OOTB Jerry says:

            Now i can see where the bitcoin will be useful along the silk road…..for all the chinese herdsmen to get tied in………….cell phone and crypto card app. Will work for the African herdsmen , since the chinese are in there also. ONE big happy crypto family, with a big swift kick in the behind to the dollar.

  2. On January 4, 2017 at 3:04 pm,
    CFS says:

    The first sign of swamp-draining yesterday:

  3. On January 4, 2017 at 3:22 pm,
    JohnK says:

    People entirely focus to much on the price of Bitcoin and not the technology of the blockchain.
    Not mentioned was that Bitcoin has reached a point where the easy Bitcoin has already been mined.
    The average person doesn’t have a clue yet what Bitcoin is all about.

    • On January 4, 2017 at 4:28 pm,
      Matthew says:

      John, in case you missed it, I did finally get back to you yesterday:

      On January 3, 2017 at 7:45 pm,
      Matthew says:

      Hi JohnK, I don’t own or follow CLZ but it does look like there’s a good chance that you did catch the low. There are some technical positives taking place in addition to the jump in volume on the 28th and 29th…

      • On January 4, 2017 at 4:39 pm,
        JohnK says:

        Hi Mathew :
        Got it and thanks for getting back to me.
        I like the set up technically the market is affording us now. I’m trying to hone my technical analysis and I much appreciate your input.
        “Just put a fork in it”

        • On January 5, 2017 at 2:16 am,
          Excelsior says:

          Hi JohnK – I didn’t know if you had seen the Klondike Silver “2017 New Beginning” Corporate Presentation yet, but I did not realize how many prior producing mines that they have on their Slocan Silver Camp. It also looks like they are thinking of putting some of the old Silver/Lead/Zinc dumps in the old mines through their Sandon Mill later in 2017 to get things moving again with optimizing the mill.

          “The Company’s assets include 68 past producing mines, a 100 ton per day flotation mill in Sandon and over 100 square kilometres of prospective exploration lands.”
          [pg 7]

          *Klondike Silver – 2017 A New Beginning – Corporate Presentation:

          • On January 5, 2017 at 6:59 am,
            JohnK says:

            Hi Shad:
            Thanks for the info.I I haven’t seen it yet .
            If the PM’s can catch a sustainable tailwind ,Klondike could be a good one.
            I’m still copying your lists. Thanks again for all you do.

          • On January 5, 2017 at 7:14 am,
            JohnK says:

            I been reading yours and others posts concerning UR.I don’t know if you noticed that the RE’s are starting to catch a bid also. I wonder if this is do to the UR stocks starting to get accumulated?

          • On January 5, 2017 at 7:43 am,
            JohnK says:

            Hi Shad:
            Looking at the list of UR Co’s you posted yesterday.August 7,2016 I put together a group of UR Co’s and started tracking . One that is not on your list is LEU. Centrus Energy Corp. It is up 149.22% since August.To rich for me ,but none the less bodes pretty good for the sector.

          • On January 5, 2017 at 5:27 pm,
            Excelsior says:

            Yes, great point JohnK. I do actually track (LEU) Centrus, but it is a horse of a different color, and not really a traditional explorer or miner, but more of a processor & enricher. The fact that it wasn’t a traditional miner was the only reason I didn’t include it on those Uranium charts.

            If you scan down on this linked page on CEO, there is actually an annual chart I posted just for LEU by itself. Great minds think alike!


          • On January 5, 2017 at 5:30 pm,
            Excelsior says:

            LEU actually has been up over 500% since January of last year. Not too shabby….

          • On January 5, 2017 at 5:34 pm,
            Excelsior says:

            Actually REE prices are moving up again. My only exposure to specialty metals at this point is with Alkane Resources (well, I still have dead money in Arafura & Commerce Resources):

            “Alkane Resources Ltd is an ASX and OTCQX (US) listed multi-commodity mining and exploration company with a focus on gold, copper, zirconium, hafnium, niobium and rare earth elements. Our projects and operations are located in the Central West of New South Wales, in eastern Australia.”

            Alkane Resources Corporate Presentation:


  4. On January 4, 2017 at 3:41 pm,
    CFS says:

    Max Kaiser is an idiot at times, but this episode is informative:

  5. On January 4, 2017 at 3:52 pm,
    CFS says:

    Obama, Pence Harden ‘Obamacare’ Battle Lines At Capitol
    By ALAN FRAM – Associated Press – 28 minutes ago
    WASHINGTON (AP) — Hardening battle lines for the brawl to come, President Barack Obama urged congressional Democrats to “look out for the American people” in defending his legacy health care overhaul, while Vice President-elect Mike Pence stood firm Wednesday in telling Republicans that dismantling “Obamacare” is No. 1 on Donald Trump’s list.

    “We’re going to be in the promise-keeping business,” Pence declared at two separate Capitol news conferences. Just 16 days before Trump takes over the Oval Office, he said repealing and replacing Obama’s law will be the president-elect’s “first order of business.”

    • On January 4, 2017 at 5:02 pm,
      OOTB Jerry says:


  6. On January 4, 2017 at 4:03 pm,
    CFS says:

    Trump has tweeted “There should be no further releases from GITMO”

  7. On January 4, 2017 at 4:51 pm,
    OOTB Jerry says:

    After hours……….GOLD AND SILVER ON THE MOVE>>>>>

  8. On January 4, 2017 at 5:00 pm,
    OOTB Jerry says:

    CIA……going to be cut back…….Trump says.

  9. On January 4, 2017 at 5:08 pm,
    Chartster says:

    Bitcoin is interesting. From what I understand, it’s a share of digital currency that has a set amount. That’s great when it’s in demand, and it should be for a while I guess. But, what happens when the world currencies go to the gold standard? Will it be like the pet rock? Without having a rock?
    My choice will be to spend 1100 and change on metals, and just use cash. Bitcoin can turn to vapor in a flash.

    • On January 4, 2017 at 5:13 pm,
      OOTB Jerry says:

      I told b, it reminds me of a chain letter, the first one in makes all the money, and the guy at the end has nothing……I’ll just stay with phyz,
      but, hope all works out well for those who understand it…….

    • On January 4, 2017 at 6:27 pm,
      Dick Tracy says:

      Chartster, what about bitgold isn’t it still around. DT

      • On January 5, 2017 at 6:23 am,
        Chartster says:

        I don’t know, DT. not sure

  10. On January 4, 2017 at 5:16 pm,
    Chartster says:

    Can’t go wrong with phyz silver, OOTB ( claw )

    • On January 4, 2017 at 5:21 pm,
      OOTB Jerry says:

      House votes … override all obamy executive orders with one bill……..

      • On January 4, 2017 at 5:22 pm,
        OOTB Jerry says:

        opps …wrong spot……….

        • On January 4, 2017 at 5:25 pm,
          OOTB Jerry says:

          should read ….regulations…….I got a little excited, thinking only 15 days to SHOW TIME

    • On January 5, 2017 at 5:31 am,
      OOTB Jerry says:

      BITCOIN just got SMASHED……………….

  11. On January 4, 2017 at 6:49 pm,
    CFS says:

    BREAKING: Trump to cancel funding for Obama’s lavish Library and free mansion, Michelle OUTRAGED

    • On January 5, 2017 at 5:18 am,
      OOTB Jerry says:

      that is a good one………..

      • On January 5, 2017 at 5:19 am,
        OOTB Jerry says:

        O will not need a library when they find out he was a fake…… in Egypt, they will chisel his name off the records……..

  12. On January 4, 2017 at 7:24 pm,
    Markedtofuture says:

    4 Chicago Teens In Custody After Broadcasting Kidnap Of Trump-Supporter Live On Social Media

    The following video was broadcast on Facebook Live and depicts Brittany Herring and others tying-up, attacking, and cutting an unidentified white male…

  13. On January 4, 2017 at 8:21 pm,
    Excelsior says:

    Tesla Flips the Switch on the Gigafactory

    Musk meets a deadline: Battery-cell production begins at what will soon be the world’s biggest factory—with thousands of additional jobs.
    January 4, 2017 – by Tom Randall

  14. On January 4, 2017 at 11:04 pm,
    CFS says:

    You don’t think we have traitors in the current whitehouse?

    Listen to this Alex Jones segment and recording of Kerry:

  15. On January 4, 2017 at 11:57 pm,
    CFS says:

    Thinking of using GLD or SLV?

    Read this:

  16. On January 5, 2017 at 4:35 am,
    CFS says:

    SGE gold $1195 + and climbing
    Silver $18.05

    • On January 5, 2017 at 5:26 am,
      OOTB Jerry says:

      I said yesterday , I thought it would go over $18

  17. On January 5, 2017 at 4:56 am,
    CFS says:

    The National Defense Authorization Act of 2017, which is sitting on President Obama’s desk awaiting signature, consists of over 3,076 pages of rules, regulations, and pet projects.
    An unbelievable increase in swamp flooding.
    And it even includes a new Ministry of Propaganda……it isn’t called that. of course, but

    • On January 5, 2017 at 5:21 am,
      OOTB Jerry says:

      with all the time and money spent preparing this bill, they could have funded a couple hundred miles of wall…………

  18. On January 5, 2017 at 5:05 am,
    CFS says:

    On Topic!

    The latest from Nomi Prins:

  19. On January 5, 2017 at 5:24 am,
    OOTB Jerry says:

    CFS……you should re post the article on the Etfs…….I thought it was a great example why one would hold phyz.

    • On January 5, 2017 at 5:25 am,
      OOTB Jerry says:

      thanking you in advance…….

    • On January 5, 2017 at 6:04 am,
      CFS says:

      Nomi Prins is well worth listening to. Especially after minute about 44 on.

      What was missing from Herr Schall’s questions was a discussion of free trade versus tariffs.
      Here Trump’s policies are flawed.
      For example bringing jobs bsck from Mexico may NOT be in the best interests of a major international company.
      E.g. Mexico has 44 bilateral tariff-free trade agreements with other countries covering over 60% of world trade.
      On the other hand the US only has 20 bilateral trade agreements covering less than 40% of its trading partners; most notably missing is any tariff-free trade agreement with the EU.
      So if I were an American company wishing to sell cars to Europe, I would certainly choose Mexico over the US for the location of my factory for building those cars, simply to avoid excessive import taxes into the EU. Obama’s minions have been focusing on senseless grand multi-national trade agreements which have not favored the US people.

      • On January 5, 2017 at 6:35 am,
        OOTB Jerry says:

        Ditto……..was a good listen to……..appreciate the article……..

        • On January 5, 2017 at 6:36 am,
          OOTB Jerry says:

          might need to do a replay of this later in the year……..after Trump puts some more policies into action(if and when)……………jmho

    • On January 5, 2017 at 6:11 am,
      CFS says:

      Which one?

      was my most recent post on ETFs.

      • On January 5, 2017 at 6:34 am,
        OOTB Jerry says:

        YES…this was a good one, and I would highly recommend this to anyone that has an interest in gold or silver………GOTS, as sinclair would say.

  20. On January 5, 2017 at 5:36 am,
    OOTB Jerry says:

    Russian Hacking story changes again…………….now it is a release thur third party…..thing just get more complicated when you are a liar.

    • On January 5, 2017 at 6:50 am,
      OOTB Jerry says:

      Wonder how MCCAIN will explain this one………..

      • On January 5, 2017 at 8:43 am,
        CFS says:


  21. On January 5, 2017 at 5:41 am,
    OOTB Jerry says:

    The left is getting more extreme………….jmho
    California legalizes prostitution for children …..

  22. On January 5, 2017 at 5:52 am,
    DGHH says:

    BITCOIN going up due to uncertainty in the world currencies. Safe Haven???? Could gold and silver be moving up based on the move in BITCOIN. Could be the new metric for 2017.

    • On January 5, 2017 at 6:38 am,
      OOTB Jerry says:

      I thought they just got smashed ……..from the Mexican peso….check zerohedge

      • On January 5, 2017 at 6:48 am,
        OOTB Jerry says:

        BITCOIN IN CHINA>>>>SMASH>>>>>>>30%,,,,,zerohedge

  23. On January 5, 2017 at 6:45 am,
    Dick Tracy says:

    Japanese Company replaces all office workers with artificial intelligence machines, soon it will read Japanese government replaces all government employees with IBM machines. AH SO!

    • On January 5, 2017 at 6:50 am,
      OOTB Jerry says:

      NO loss there , their population is decreasing…………..

      • On January 5, 2017 at 6:57 am,
        Dick Tracy says:

        Your right the loss will be felt in China and The US, technology never sleeps only humans do. You snooze you lose! LOL!

        • On January 5, 2017 at 7:24 am,
          OOTB Jerry says:

          goods are going to get a lot cheaper……….lol

    • On January 5, 2017 at 7:16 am,
      GH says:

      Automation is why I think all the hand-wringing over declining birth rates and decreasing ratio of workers to retirees is overblown. Those who have pushed those worries don’t seem to grasp the problem inherent in exponential population growth.

      But yes, many individuals will suffer as the result of automation, as exponential population growth continues in many areas and will run into the wall of declining employment. I think it’s best to own productive land and real things of tangible value, always bearing in mind that those who are well-off as a result of planning ahead will be scapegoated and seen as a legitimate target for plunder by the unfortunate masses.

  24. On January 5, 2017 at 7:32 am,
    OOTB Jerry says:

    Silver looking good………….jmho

  25. On January 5, 2017 at 7:57 am,
    Silverdollar says:

    Fascinating discussion on bitcoin. My gut though, says it isn’t for me. Good luck to those that differ.
    Did anyone see that ‘black swan’ swoop in last night??? The Chinese Central Bank busting the shorts in the Yuan. Repercussions are affecting the dollar, yen, euro, gold and conventionals.

    • On January 5, 2017 at 8:03 am,
      GH says:

      I think JohnK is right about the importance of blockchain tech.

      But I don’t think bitcoin should be more than a small portion of a wealth preservation or wealth growth portfolio.

      • On January 5, 2017 at 8:14 am,
        OOTB Jerry says:

        I think , if you are along the silk highway……it should work, but, not in the usa, close to the fed smashing banksters………jmho

  26. On January 5, 2017 at 8:28 am,
    OOTB Jerry says:

    Audit the Fed. bill, likely to be signed by Trump. GOLD Going higher, a lot higher.

    • On January 5, 2017 at 8:30 am,
      OOTB Jerry says:

      Trump should request a personal tour of the vaults…………JPM, will need to shift some of the silver to gold holdings, since they are a member of the fed round table.

  27. On January 5, 2017 at 8:53 am,
    CFS says:

    Going exponential on good volume:

    This is Bob Friedland’s kid.

  28. On January 5, 2017 at 9:05 am,
    CFS says:
  29. On January 5, 2017 at 9:08 am,
    CFS says: