Gold down 1.3%, Silver down 3.5% (!)
Good opportunity to stock up
The defaults are already occurring :Originally Posted by Brian4Liberty
https://schiffgold.com/key-gold-news...quencies-soar/
That’s the way it all falls apart. Coronavirus shutdowns lead to cut hours and layoffs, leads to productivity loss and reduced earnings, leads to loan defaults and stock market sell offs.
The stock market is already anticipating this.
And there will be another Wall St bankers bailout because money market accounts can not be allowed to fail.
"Foreign aid is taking money from the poor people of a rich country, and giving it to the rich people of a poor country." - Ron Paul
"Beware the Military-Industrial-Financial-Pharma-Corporate-Internet-Media-Government Complex." - B4L update of General Dwight D. Eisenhower
"Debt is the drug, Wall St. Banksters are the dealers, and politicians are the addicts." - B4L
"Totally free immigration? I've never taken that position. I believe in national sovereignty." - Ron Paul
Proponent of real science.
The views and opinions expressed here are solely my own, and do not represent this forum or any other entities or persons.
Odd day for Gold. It has reversed yesterday's gains.
Profit taking ?
I think it will bounce back sooner or later. The genie is out of the bottle and buyers will come back especially if stock markets continues to slide.
My order goes in on Friday so hoping for a good price!
I strongly suspect Trump will order in the PPT (Plunge protection team). He is obsessed with the stock market. He's always bragging about it when it rises thanks in part to the flood of cheap money from the Federal Reserve.. He will do anything to prop it up until election day to maintain the economic boom illusion.
More Irrational Exuberance please + print money & Plunge Protection Team shenanigans. Pump up the bubble so that I can back up the truck, and buy more PM's cheap. Thank you.
Make America the Land of the Free & the Home of the Brave again
1645
Do something Danke
1645
Do something Danke
Speaking of Greenspan, he made a random observation on how much tax receipts are tied to the market going up. Even if the market goes sideways revenue takes a big hit. It is sort of relevant because we have had a booming market and economy and are still running huge deficits. A bear market and recession would really exacerbate it.More Irrational Exuberance please + print money & Plunge Protection Team shenanigans. Pump up the bubble so that I can back up the truck, and buy more PM's cheap. Thank you.
Since this article gold has moved higher, but not much. These markets are so crazy. I still think over the 5-10 years, very bullish for the gold price, but I do worry about a big financial crash like 2008 when everything including gold, crashed. But then gold soared. It's hard to wait on the sidelines for a crash, in order to get to a good buying opportunity. Everything is so crazy.
Last edited by Unwinder; 07-16-2021 at 08:40 AM.
A year and a half later and this comment is still pretty much valid today.
I compiled a "brief" history of events since October 2008 that are defining the global currency war and the role that gold is playing:
Tin Foil Hats, Economic Reality and the Total Perspective Vortex
Also, have you contacted your Congressional Rep and asked them co-sponsorRon Paul'sRep. Paul Broun Jr.'s HR109877: Free Competition in Currencies Act?
I've sat and lost out on many investments with PMs. My patience grows thinner by the day.
To me, PM's are a security blanket - not an investment I ever hope to use.
They reside in my safe in case of emergency. If one never materializes in my lifetime, they will be transferred tax-free to my heirs.
"And now that the legislators and do-gooders have so futilely inflicted so many systems upon society, may they finally end where they should have begun: May they reject all systems, and try liberty; for liberty is an acknowledgment of faith in God and His works." - Bastiat
"It is difficult to free fools from the chains they revere." - Voltaire
Paper prices crash along with other paper imaginary investments. Physical value not-so-much (price and value are not the same to someone who sees the big picture). Paper and physical have already decoupled and are only loosely correlated at this point. Besides, a crashing paper price shakes out paper hands who sell in a panic to receive back more imaginary paper/digits which may or may not be deleted from a computer screen in an instant, not strong hands who know the value they hold. This is why gold and silver have been money for thousands of years. Gold and silver represent the two human constants of existence. (Go outside and look up during the daytime and the nighttime
"Let it not be said that we did nothing."-Ron Paul
"We have set them on the hobby-horse of an idea about the absorption of individuality by the symbolic unit of COLLECTIVISM. They have never yet and they never will have the sense to reflect that this hobby-horse is a manifest violation of the most important law of nature, which has established from the very creation of the world one unit unlike another and precisely for the purpose of instituting individuality."- A Quote From Some Old Book
Gold sitting at 1845 now . Last yr I thought gold would hit 2200 , it hit 2070. This yr I think it will clear 2070 but we'll see , it reached 1970 earlier this yr, Gold , any reasonable Land and silver are the last conservative plays left when you enter grossly over valued stocks , homes and inflation like we have seen the past two years and are still seeing. Gold opened 2020 at 1520. Think about the staggering amount of inflation since then that evaporated cash value. 1K in a savings account in Jan 2021 would essentially be zero in Jan 2022 as it wouldve taken 2k to purchase then what the 1k would have purchased the yr prior.
Last edited by oyarde; 02-20-2023 at 01:13 PM.
Do something Danke
Rising interest rates (Fed policy) will continue to support headwinds for the price of paper gold. Foreign central bank buying should continue to put a floor on the price of gold. Barring something catastrophic, gold is likely to trade more or less sideways for much of 2023 I think.
I compiled a "brief" history of events since October 2008 that are defining the global currency war and the role that gold is playing:
Tin Foil Hats, Economic Reality and the Total Perspective Vortex
Also, have you contacted your Congressional Rep and asked them co-sponsorRon Paul'sRep. Paul Broun Jr.'s HR109877: Free Competition in Currencies Act?
New high this yr for gold today so far , 1988.60 . All we need now is better than 2070 for new high.
Last edited by oyarde; 03-17-2023 at 01:02 PM.
Do something Danke
Gold Rises As Banking Sinks
https://www.thefinancialtrends.com/2...banking-sinks/
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