Long Position on Silver and Gold?

[BushMasterBoy]

I am just saying people in India buy "physical" gold. There are a billion folks in India. They buy gold and stash it, like you and I buy ammo and stash it.

[Skip]

I am just saying people in India buy "physical" gold. There are a billion folks in India. They buy gold and stash it, like you and I buy ammo and stash it.

I believe it. They even had a law that limited the amount a person could physically own in India but couldn't enforce it. They wanted capital in the banks, manipulated and moving (Keynesian) rather than stagnant in personal holdings.

China has demand and population too.

But what does that demand mean for the market when banks can "print" gold to hold down prices? I don't know.




Prices are ~2010. How has this demand impacted a supply based market? Did the last nine years of inflation/asset bubbles not happen? Housing costs, consumer inflation, healthcare costs, higher ed costs, etc...

DOW was 10.7K at the start of 2010. So DOW moved 1.5x and gold is flat?

2+2=5

[Skip]

I don't know about $87K gold. And I don't know about most of what they are saying in this vid but they claim the June bump was a sign.

I think a massive debt default would mean significant unrest/violence and we probably won't care about the price of gold much.

Trump presiding over national bankruptcy makes sense (he is good at it! ). This would be yuge for the working class and would decimate the Left who could no longer finance vote buyer on our backs.



https://www.youtube.com/watch?v=VMCu9GWpgzg

[brutal]

I don't know about $87K gold. And I don't know about most of what they are saying in this vid but they claim the June bump was a sign.

I think a massive debt default would mean significant unrest/violence and we probably won't care about the price of gold much.

Trump presiding over national bankruptcy makes sense (he is good at it! ). This would be yuge for the working class and would decimate the Left who could no longer finance vote buyer on our backs.



https://www.youtube.com/watch?v=VMCu9GWpgzg

I don't know who the guy on the left is, but that other guy is Bob Newhart.

[Gman]

I was working for a gold mining company for about the first half of this year. India is buying gold primarily for jewelry. It's a status symbol which is a big deal in a caste social system.

Miners don't mine for volume (which would lead to lower prices). They focus on safety and efficiency. Reducing the $ cost per oz. provides the opportunity for a greater profit margin.

[Irving]

Better than Rhino horn I guess. Well, maybe.

[Sawin]

We should all probably try to buy an oz of gold or two, annually. Most can’t, but I’m inclined to think it’s a good idea to hedge against fiat.... forget buying the gold or silver ETF’s unless it’s a volatility trade you’re just going to exit.

[roberth]

Kicking the debt can down the road

https://www.oann.com/sen-braun-oppos...road-on-issue/

He pointed out that when families and businesses overspend, they make cuts to offset their expenditures.However, when the federal government overspends, they change the rules in order to spend more.

Braun essentially said the government merely kicks the can down the road and shifts the burden on to future generations.

This is the kinda thing that makes me want to stop my 401K contributions and buy silver and ammo instead. President Trump screwed up on this one, the gov't needs to cut back on spending, starting yesterday.

[Skip]

Kicking the debt can down the road

https://www.oann.com/sen-braun-oppos...road-on-issue/

This is the kinda thing that makes me want to stop my 401K contributions and buy silver and ammo instead. President Trump screwed up on this one, the gov't needs to cut back on spending, starting yesterday.

I did that a long time ago! I think 401Ks are risky at my age because of market + political changes. Anything you can't defend can be taken. Instead, I have been working on getting the house paid off early. Fixing our housing expense will be a huge win no matter what happens. If they want to take our home, they're going to need to send bachelors.

I used to be outraged over the national debt and then came to a realization: They can't stop spending because people will die. No one wants this political fallout. We can act like Conservatives and lose every election because we pushed grandma off a cliff or compromise and slow the decline. We have four+ generations of humans who have been born/bread to be net consumers on gov programs and barely behave as it is with full bellies and warm beds. Cutting it off would turn most American cities into the third world (some already are in some ways).

"Compassion" requires national suicide post-Johnson. And being principled isn't going to change that, only the cluebat. Which does nothing but take advantage of the American people's charitable nature (this is not charity or humanitarian).

So yeah, it's not going to stop. They are either going to kill the dollar and we go full Commie as people beg for needs/wants. Or they are going to have to attempt a strategic default and see if certain people make good on their "tanks on Main St" promise.

[MrPrena]

I said this since Greenspan IMF 90s era.
Lower interest made false sense that anyone can afford a 2million dollar house +Aston martins+ school loans+ lavishing shit.

What most economist and financial analyst is not predicting the market crash is that they are looking at the over priced or hyper inflated bubble.
This time, it will be a too low of an interest rate.
Another crash can come from Money Supply coming into US from foreign market.
Lower rate AND +dMS , you do the math.
When bank has too low of an reserve requirement relative to loans and %rate, it will catch up.

I am not a huge precious metal fan, but it might be not had a a thing to hedge now.