Long Position on Silver and Gold?

[MrPrena]

Sallie and auto loan is new Fannie and Freddie.
At least no one is dumb enough to make student loan or auto loan backed securities.
Moreover, there are no insurance companies (AIG) writing default swaps.

[brutal]

Good to see the markets recover.

Got back a bit more than what I lost on the big dip. Amazing to see +100K in a quarter, but I lost 90K in the dip.

Sad to think I only gained 50K over a whole year (over what I put in).

[Grant H.]

I?m banking on the future of crypto?s. Well maybe not banking. More like speculating I guess. I do think the concept has a lot of promise. It?s actually implementing the concept that is going to be problematic I think. I?m sitting on what I have for the long run and we?ll see what happens.

I disagree...

Look at the 51% attack that Ethereum went through a couple months ago. That kind of vulnerability is exactly why blockchain and the whole crypto idea will never take over any real currency or market.

I've made a decent amount day trading the crypto's but after watching them all tank, every single one of them, for several weeks after a relatively benign 51% attack, I don't see a realistic future it...

[ChickNorris]

I disagree...

Look at the 51% attack that Ethereum went through a couple months ago. That kind of vulnerability is exactly why blockchain and the whole crypto idea will never take over any real currency or market.

I've made a decent amount day trading the crypto's but after watching them all tank, every single one of them, for several weeks after a relatively benign 51% attack, I don't see a realistic future it...

Um, for those who may read the above & immediately think cryptocurrency is block chain, it is NOT.

Bitcoin, Ethereum, Dogecoin, Litecoin, Monero & all the others are just using the block chain technology to prevent the double spend problem that is inherent in all public trustless digital transactions.

Ethereum's specific 'proof of work' algorithm was why the 51% was possible. 'Proof of stake' is more energy efficient which is what they are going towards which then should make it harder to usurp at the fork. Maybe.

On the flip side, the resources necessary to try the same attack on Bitcoin would be so cost prohibitive that only nation state actors could afford it & even then people would notice all the mining migration.

But I don't care about cryptocurrencies... I'm a nerdette who just likes the ledger which is why I chimed in to clarify. POIT

[Grant H.]

Um, for those who may read the above & immediately think cryptocurrency is block chain, it is NOT.

Bitcoin, Ethereum, Dogecoin, Litecoin, Monero & all the others are just using the block chain technology to prevent the double spend problem that is inherent in all public trustless digital transactions.

Ethereum's specific 'proof of work' algorithm was why the 51% was possible. 'Proof of stake' is more energy efficient which is what they are going towards which then should make it harder to usurp at the fork. Maybe.

On the flip side, the resources necessary to try the same attack on Bitcoin would be so cost prohibitive that only nation state actors could afford it & even then people would notice all the mining migration.

But I don't care about cryptocurrencies... I'm a nerdette who just likes the ledger which is why I chimed in to clarify. POIT

Fair.

My intent was not to make it sound like blockchain=crypto, but merely to point out that the vulnerability exists and was proven as existing with the Ethereum attack.

[Great-Kazoo]

Cash is King , along with PM's. if you can't hold or fold it. It's a number on a screen, anyone can disappear with.

[Not_A_Llama]

Think it?s about time to pick up some more VIX calls for cash month contract. Theta decay?s gonna be brutal, but good multiplicative potential if we get another market pop down, which I think to be likely.

Very binary payout structure.

[MrPrena]

We need to get rid of some money maket accounts.
I have 3 mm accounts. 1 ROTH, 1IRA.
Wife had 2mm, 1 ROTH, and 1 IRA.

It is just too much login and outs. Too much apps (4 different financial institutes).

If we even add regular bank apps, we have about 6 apps just on bank/institutions.

Note: 15 years ago, companies were offering lots of freebies and discount upon opening new act with certain amount of $$.

[Skip]

Anyone know what’s up with gold the last week or so?

Spontaneous run up?

[roberth]

Anyone know what?s up with gold the last week or so?

Spontaneous run up?

I think some groups see alot of uncertainty in the fiat paper markets, ECB just said they'd continue stimulus / QE which lowers the value of fiat currency. OTOH is gold up b/c people are buying fiat gold or because they're actually buying and taking possession of the actual metal.

The other thing to consider is that these bankers, Iranians, and Sauds HATE President Trump because he cannot be bought like they bought the clintons, obamas, and bushes.

Draining the swamp means these groups will lose their substantial influence (meddling) over the US gov't.