Gold needs to go to about $3000 to match the performance of the SP500 (with dividends) since 2013...even with the recent selloff in the SP500 and rally in gold.
@RobM said:
I just learned that the Strategic Gold Reserve is full and that there is no additional space to store PMs which may explain today's fall in prices.
Linky? I suspect that what you are referring to is that a specific goal has been reached. I don't believe any of the major vaults storing gold have reached their capacity. There is always more room to securely store gold.
No, my comment was tongue in cheek. Just trying to suggest that PMs will never have storage problems like we are seeing with oil. Today, I just sent new stimulus proposal to the WH. It involves converting cruise ships to crude ships. Flag will fly under the name Oil Caribbean.
Gold needs to go to about $3000 to match the performance of the SP500 (with dividends) since 2013...even with the recent selloff in the SP500 and rally in gold.
Fingers crossed and prayers said.
It's all about choosing your perspective:
Or your timeframe:
As we enter the next gold bull market (and equity bear market) what does this chart tell us to expect?
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
That makes stocks look really cheap compared to gold.
Oh...and now i see why. The graph ends in 2011. Which is about when "warnings" were issued and caution surrounding PM rhetoric was beginning to be outspoken.
"All the intentions of providing business with credit, helicoptered money, replacing lost taxes and ensuring government is financed, can be pared down to a single policy objective: the support of financial asset values. If the markets fail, all else fails."
"The overwhelming imperative to keep control of markets is a recipe for hyperinflation and will ultimately fail. The Fed would have us believe that the slump in business activity is only due to the coronavirus lockdown and that shortly after it ends normality will return. It will hope that we have forgotten that fully five months before the virus hit, it was forced to inject liquidity into the repo market at the rate of tens of billions every day."
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
The Fed would have us believe that the slump in business activity is only due to the coronavirus lockdown and that shortly after it ends normality will return.
The Fed will have socialized $trillions in additional debt and obligated taxpayers to bear the cost, while privatizing all of the assets to become the "silent partners" in ownership of those assets that they've purchased with their imaginary money. How much of Boeing will the private bankers at the Fed own when this is over?
It's theft by any standards. It's not even Uncle Sam doing the stealing this time around - Congress has already been bought off in advance, so most of them are just fine with all this.
Q: Are You Printing Money? Bernanke: Not Literally
@jmski52 said: The Fed would have us believe that the slump in business activity is only due to the coronavirus lockdown and that shortly after it ends normality will return.
The Fed will have socialized $trillions in additional debt and obligated taxpayers to bear the cost, while privatizing all of the assets . . .
Feb is buying financial assets, stuff that goes 'poof' (and it will)
Stick with hard assets.
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
@jmski52 said: The Fed would have us believe that the slump in business activity is only due to the coronavirus lockdown and that shortly after it ends normality will return.
The Fed will have socialized $trillions in additional debt and obligated taxpayers to bear the cost, while privatizing all of the assets to become the "silent partners" in ownership of those assets that they've purchased with their imaginary money. How much of Boeing will the private bankers at the Fed own when this is over?
It's theft by any standards. It's not even Uncle Sam doing the stealing this time around - Congress has already been bought off in advance, so most of them are just fine with all this.
Youre right. The FED shouldnt be buying companies. Let them fail. If the business if worthwhile then it will resurface, and probably leaner, meaner and greener.
@jmski52 said: The Fed would have us believe that the slump in business activity is only due to the coronavirus lockdown and that shortly after it ends normality will return.
The Fed will have socialized $trillions in additional debt and obligated taxpayers to bear the cost, while privatizing all of the assets to become the "silent partners" in ownership of those assets that they've purchased with their imaginary money. How much of Boeing will the private bankers at the Fed own when this is over?
It's theft by any standards. It's not even Uncle Sam doing the stealing this time around - Congress has already been bought off in advance, so most of them are just fine with all this.
Boeing should become a U.S. Government department a la Fannie Mae.
repos were the pin that pricked the bubble, not a flu virus.
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
"It's very important that gold has no counterparty risk. Debt levels relative to gross domestic product around the world are extremely high and unsustainable. The only way to lower the debt burden at this point is to default or generate inflation. Elevated inflation causes nominal debt to be cheaper to repay. Governments and central banks have spurred inflation many times before to get out of debt. Because gold doesn't have any counterparty risk and can't be printed, it's a safe haven for investors and savers who don't want to hold bonds that can default, and instead want to hold an asset that is inflation-proof."
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
"It's very important that gold has no counterparty risk. Debt levels relative to gross domestic product around the world are extremely high and unsustainable. The only way to lower the debt burden at this point is to default or generate inflation. Elevated inflation causes nominal debt to be cheaper to repay. Governments and central banks have spurred inflation many times before to get out of debt. Because gold doesn't have any counterparty risk and can't be printed, it's a safe haven for investors and savers who don't want to hold bonds that can default, and instead want to hold an asset that is inflation-proof."
Better set them straight Cohodt! They don't seem to understand that gold has counter party risk!
"They don't seem to understand that gold has counter party risk!
There may be some risk, but there's no counterparty whatsoever. "
I completely agree gold has no counterparty risk (owned and in possession of the individual and no contracts binding it). My comment was meant with humor/irony based on recent threads on this subject.
"The plague didn’t cause the economic crash. But the lockdown response certainly accelerated, amplified, and ramified it. The crash happened because we built up a hyper-complex, over-scaled, just-in-time economic system with all its ecological redundancy edited out for the sake of efficiency, making it hyper-fragile. The system’s basic power module (fossil fuel) was failing on a cost-basis and we tried to compensate for that with debt. The debt got out of hand in both sheer quantity and from the dishonest games that bankers and politicians were playing with it. All of this happened for the reason that most things happen in history: it seemed like a good idea at the time."
"The old system is permanently broken now. We’re having a hard time recognizing that, plague or no plague."
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
There's something to be said for catastrophes disrupting the erstwhile predictable patterns, at every level of life.
Sure, it causes anxiety and disruption. But in the end, it allows for insight, better understanding of oneself, and (potentially) for more substantial and reality-based ways of being.
You heard it here first (well, if you discount wisdom endlessly recounted throughout history): we'll be better off in the end.
"The plague didn’t cause the economic crash. But the lockdown response certainly accelerated, amplified, and ramified it. The crash happened because we built up a hyper-complex, over-scaled, just-in-time economic system with all its ecological redundancy edited out for the sake of efficiency, making it hyper-fragile. The system’s basic power module (fossil fuel) was failing on a cost-basis and we tried to compensate for that with debt. The debt got out of hand in both sheer quantity and from the dishonest games that bankers and politicians were playing with it. All of this happened for the reason that most things happen in history: it seemed like a good idea at the time."
"The old system is permanently broken now. We’re having a hard time recognizing that, plague or no plague."
The "Just in Time" mentality, where you do not maintain inventories but rely on fast FedEx shipments when parts or supplies are needed... works great when you can trust your suppliers and the supply system does not break down. Unfortunately, we are now seeing the supply chain being broken in multiple areas... gold, silver, medicines, grocery store items... and probably more to come.
effective risk assessment with appropriate countermeasures in place could have eliminated many supply and cash problems, even in the face of a pandemic. Savings, and not stock buybacks or debt, solves most cash problems for businesses as well as individual consumers.
Not enough "what if" planning by the majority. "But it can't happen here."
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
"Dong suggested the regulators lower the portion of US Treasuries in China's forex reserve basket and transport gold stored in the US back to China as soon as possible."
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
"This collapse is worse than 2008, worse than the 2000 dot-com meltdown, worse than the 1998 Russia-LTCM panic, worse than the 1994 Mexican crisis and many more panics. You have to go back to 1929 and the start of the Great Depression for the right frame of reference. But even that does not explain how bad things are today. After October 1929, the stock market fell 90% and unemployment hit 24%. But that took three years to fully play out, until 1932. In this collapse the stock market fell 30% in a few weeks and unemployment is over 20%, also in a matter of a few weeks."
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
"Excluding mortgages, the total comprised of credit cards, autos and student debt was $3.86 trillion in mid-2019, amounting to an average debt of $27,571 per household, confirming the extent to which consumer debt has replaced savings."
"Bankers will be very nervous of the current economic situation, aware that loan and other losses of only ten per cent wipes out their capital. Meanwhile, their corporate customers are either shut down, which means most of their expenses continue while they have no income, or they are suffering payment disruptions in their supply chains. In short, bank loan books are staring at disaster."
"Earlier in the descent into the socialisation of money, nations had opportunities to change course. Unfortunately, they had neither the knowledge nor the guts to divine and implement a return to free markets and sound money. Those opportunities no longer exist and there can be only one outcome: the total destruction of fiat currencies accompanied by all the hardships that go with it."
Got insurance?
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
@MsMorrisine said:
saw someone on cnn last night saying this was a redistribution of government money. the guy was a self-made billionare.
so sad.
gov has no money. they owe $25 trillion and rising. And the good news is that they have collected about $3.5 trillion so far this year in taxes.
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
"By not allowing for debt to fail, corporations to be restructured, and “socializing the losses.” They have (once again) removed the risk of speculative practices and ensured a continuation of “bad behaviors.”
"Yes, another $4-6 Trillion in QE will likely be successful in inflating a third “bubble” to counteract the last deflation."
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
@blitzdude said:
Yawn, 20 years later your silvers still only in the $16's. Terrible investment. lol
LOL silver has not been stuck at $16 the past 20 years. Sorry to hear you missed the opportunities to profit.
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
At a parade in Switzerland, fake money was thrown around for children to collect. The obviously fake cash is called “spirit money.” Featuring Chinese symbols, it is meant as an offering to the dead so they can prosper in the afterlife.
An eight year old Swiss boy later asked a shop clerk if he could use the play money to buy candy. To be clear, the kid did not try to trick the shopkeeper, or pass off the money as real.
A normal person would laugh, and politely explain that only central banks are allowed to use fake money. Instead, this shopkeeper opted to call the police.
Again, a reasonable officer could have stopped it all there. Instead, the boy and his ten year old brother were taken to the police station. Police took their mugshots, but did not charge them with a crime. Police did however search the family’s home, where police found some other play money.
These cops essentially confiscated Monopoly money, as if they were busting a counterfeiting operation.
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
I'm no 2 cent but stocks have certainly been kind to me. Much more so than any of my PM holdings. Certainly nice to diversify.
FED has certainly been kind to you. Give credit where credit is due.
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
I'm no 2 cent but stocks have certainly been kind to me. Much more so than any of my PM holdings. Certainly nice to diversify.
FED has certainly been kind to you. Give credit where credit is due.
With maybe just a little tiny crumb of credit for the people who work hard every day to make the businesses I have stock in be successful companies with popular products? Maybe a tiny shred of credit to the customers who buy the products? One more itsy bitsy slice of credit for the other investors who buy the stock?
Surely it's not all Fed?
Either way, if one knows all about the Fed's assistance to the stock market and still doesn't participate, who's the fool??
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
Comments
Gold needs to go to about $3000 to match the performance of the SP500 (with dividends) since 2013...even with the recent selloff in the SP500 and rally in gold.
Fingers crossed and prayers said.
Knowledge is the enemy of fear
No, my comment was tongue in cheek. Just trying to suggest that PMs will never have storage problems like we are seeing with oil. Today, I just sent new stimulus proposal to the WH. It involves converting cruise ships to crude ships. Flag will fly under the name Oil Caribbean.
It's all about choosing your perspective:
Or your timeframe:
As we enter the next gold bull market (and equity bear market) what does this chart tell us to expect?
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
That makes stocks look really cheap compared to gold.
Oh...and now i see why. The graph ends in 2011. Which is about when "warnings" were issued and caution surrounding PM rhetoric was beginning to be outspoken.
Knowledge is the enemy of fear
Mr Trump tweeted. That he ordered the navy to fire on any Iranian gun ships that harass our ships.
My man!!
Bank of America forcasts for $3,000 gold in the next 18 months. BOA said the fed can't print gold.
Anatomy of a fiat currency collapse
More good reading from Alasdair Macleod.
"All the intentions of providing business with credit, helicoptered money, replacing lost taxes and ensuring government is financed, can be pared down to a single policy objective: the support of financial asset values. If the markets fail, all else fails."
"The overwhelming imperative to keep control of markets is a recipe for hyperinflation and will ultimately fail. The Fed would have us believe that the slump in business activity is only due to the coronavirus lockdown and that shortly after it ends normality will return. It will hope that we have forgotten that fully five months before the virus hit, it was forced to inject liquidity into the repo market at the rate of tens of billions every day."
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
The Fed would have us believe that the slump in business activity is only due to the coronavirus lockdown and that shortly after it ends normality will return.
The Fed will have socialized $trillions in additional debt and obligated taxpayers to bear the cost, while privatizing all of the assets to become the "silent partners" in ownership of those assets that they've purchased with their imaginary money. How much of Boeing will the private bankers at the Fed own when this is over?
It's theft by any standards. It's not even Uncle Sam doing the stealing this time around - Congress has already been bought off in advance, so most of them are just fine with all this.
I knew it would happen.
Feb is buying financial assets, stuff that goes 'poof' (and it will)
Stick with hard assets.
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
Youre right. The FED shouldnt be buying companies. Let them fail. If the business if worthwhile then it will resurface, and probably leaner, meaner and greener.
Knowledge is the enemy of fear
Boeing should become a U.S. Government department a la Fannie Mae.
The Fed for the First Time Can Buy Junk Bonds. That Should Help ‘Fallen Angels.’
https://www.google.com/url?sa=t&rct=j&q=&esrc=s&source=web&cd=3&cad=rja&uact=8&ved=2ahUKEwje58HHh4LpAhVSlHIEHemgDEIQFjACegQICxAG&url=https://www.barrons.com/articles/the-fed-for-the-first-time-can-buy-junk-bonds-that-should-help-fallen-angels-51586449148&usg=AOvVaw23mQvnllFUurutSPSNHcN_
Lest we forget the FED was already neck deep in a bailout (repos) prior to 2020.
repos were the pin that pricked the bubble, not a flu virus.
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
The world is going back to gold
"It's very important that gold has no counterparty risk. Debt levels relative to gross domestic product around the world are extremely high and unsustainable. The only way to lower the debt burden at this point is to default or generate inflation. Elevated inflation causes nominal debt to be cheaper to repay. Governments and central banks have spurred inflation many times before to get out of debt. Because gold doesn't have any counterparty risk and can't be printed, it's a safe haven for investors and savers who don't want to hold bonds that can default, and instead want to hold an asset that is inflation-proof."
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
If you told me News years Day 2020
Barrel of oil would go below $1
Government would Quarantine Healthy People
Prisons would be releasing Thousands of Murders, Felons and Rapists early.
Closing Gun Stores
Fining Surfers in the open ocean and hikers in the wilderness $1000
Closing down millions of businesses
I would say that is inconceivable.
100% Positive BST transactions
Better set them straight Cohodt! They don't seem to understand that gold has counter party risk!
The FED shouldnt be buying companies. Let them fail. If the business if worthwhile then it will resurface, and probably leaner, meaner and greener.
This. Companies (and shareholders) should insist on competent management.
Boeing should become a U.S. Government department a la Fannie Mae.
Disagree. Strongly.
The Fed for the First Time Can Buy Junk Bonds. That Should Help ‘Fallen Angels.’
I'd be interested in the justification for this. What idiocy.
They don't seem to understand that gold has counter party risk!
There may be some risk, but there's no counterparty whatsoever.
I knew it would happen.
"They don't seem to understand that gold has counter party risk!
There may be some risk, but there's no counterparty whatsoever. "
I completely agree gold has no counterparty risk (owned and in possession of the individual and no contracts binding it). My comment was meant with humor/irony based on recent threads on this subject.
Timed Exercise - You only have 30 seconds to answer this Brain Teaser...….
Gold has:
1) No Counterparty Risk
2) Counterparty Risk
I knew it would happen.
My accountant used to have this posted behind her desk -
Answers...…….$1.00
Correct Answers...…….$2.00
Dumb Looks are Free
I knew it would happen.
Turning and Churning
"The plague didn’t cause the economic crash. But the lockdown response certainly accelerated, amplified, and ramified it. The crash happened because we built up a hyper-complex, over-scaled, just-in-time economic system with all its ecological redundancy edited out for the sake of efficiency, making it hyper-fragile. The system’s basic power module (fossil fuel) was failing on a cost-basis and we tried to compensate for that with debt. The debt got out of hand in both sheer quantity and from the dishonest games that bankers and politicians were playing with it. All of this happened for the reason that most things happen in history: it seemed like a good idea at the time."
"The old system is permanently broken now. We’re having a hard time recognizing that, plague or no plague."
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
There's something to be said for catastrophes disrupting the erstwhile predictable patterns, at every level of life.
Sure, it causes anxiety and disruption. But in the end, it allows for insight, better understanding of oneself, and (potentially) for more substantial and reality-based ways of being.
You heard it here first (well, if you discount wisdom endlessly recounted throughout history): we'll be better off in the end.
Here's a warning parable for coin collectors...
The "Just in Time" mentality, where you do not maintain inventories but rely on fast FedEx shipments when parts or supplies are needed... works great when you can trust your suppliers and the supply system does not break down. Unfortunately, we are now seeing the supply chain being broken in multiple areas... gold, silver, medicines, grocery store items... and probably more to come.
effective risk assessment with appropriate countermeasures in place could have eliminated many supply and cash problems, even in the face of a pandemic. Savings, and not stock buybacks or debt, solves most cash problems for businesses as well as individual consumers.
Not enough "what if" planning by the majority. "But it can't happen here."
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
Who knew China stored gold in the US?
"Dong suggested the regulators lower the portion of US Treasuries in China's forex reserve basket and transport gold stored in the US back to China as soon as possible."
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
Don't Believe The Happy Talk
"This collapse is worse than 2008, worse than the 2000 dot-com meltdown, worse than the 1998 Russia-LTCM panic, worse than the 1994 Mexican crisis and many more panics. You have to go back to 1929 and the start of the Great Depression for the right frame of reference. But even that does not explain how bad things are today. After October 1929, the stock market fell 90% and unemployment hit 24%. But that took three years to fully play out, until 1932. In this collapse the stock market fell 30% in a few weeks and unemployment is over 20%, also in a matter of a few weeks."
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
Unintended consequences of monetary inflation
"Excluding mortgages, the total comprised of credit cards, autos and student debt was $3.86 trillion in mid-2019, amounting to an average debt of $27,571 per household, confirming the extent to which consumer debt has replaced savings."
"Bankers will be very nervous of the current economic situation, aware that loan and other losses of only ten per cent wipes out their capital. Meanwhile, their corporate customers are either shut down, which means most of their expenses continue while they have no income, or they are suffering payment disruptions in their supply chains. In short, bank loan books are staring at disaster."
"Earlier in the descent into the socialisation of money, nations had opportunities to change course. Unfortunately, they had neither the knowledge nor the guts to divine and implement a return to free markets and sound money. Those opportunities no longer exist and there can be only one outcome: the total destruction of fiat currencies accompanied by all the hardships that go with it."
Got insurance?
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
saw someone on cnn last night saying this was a redistribution of government money. the guy was a self-made billionare.
so sad.
gov has no money. they owe $25 trillion and rising. And the good news is that they have collected about $3.5 trillion so far this year in taxes.
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
Did The Fed Over-React?
"By not allowing for debt to fail, corporations to be restructured, and “socializing the losses.” They have (once again) removed the risk of speculative practices and ensured a continuation of “bad behaviors.”
"Yes, another $4-6 Trillion in QE will likely be successful in inflating a third “bubble” to counteract the last deflation."
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
Ray Dalio: The Big Picture in a Tiny Nutshell
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
when's the revolution or war?
get coho to show you how to read a chart.
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
Yawn, 20 years later your silvers still only in the $16's. Terrible investment. lol
LOL silver has not been stuck at $16 the past 20 years. Sorry to hear you missed the opportunities to profit.
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
(Almost) Everything one needs to know about economics
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
Good thing west point is gonna be fine, for when we need that gold from the nationalized mines.
https://www.recordonline.com/news/20200601/army-some-west-point-cadets-have-covid-19
It's going on in my city right now.
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
Troll much?
Knowledge is the enemy of fear
Why Gold?
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
.
Eight Year old counterfeiter busted:
At a parade in Switzerland, fake money was thrown around for children to collect. The obviously fake cash is called “spirit money.” Featuring Chinese symbols, it is meant as an offering to the dead so they can prosper in the afterlife.
An eight year old Swiss boy later asked a shop clerk if he could use the play money to buy candy. To be clear, the kid did not try to trick the shopkeeper, or pass off the money as real.
A normal person would laugh, and politely explain that only central banks are allowed to use fake money. Instead, this shopkeeper opted to call the police.
Again, a reasonable officer could have stopped it all there. Instead, the boy and his ten year old brother were taken to the police station. Police took their mugshots, but did not charge them with a crime. Police did however search the family’s home, where police found some other play money.
These cops essentially confiscated Monopoly money, as if they were busting a counterfeiting operation.
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
The crisis goes up a gear
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
FED chairman confirms US economic system built on perception
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
I'm no 2 cent but stocks have certainly been kind to me. Much more so than any of my PM holdings. Certainly nice to diversify.
Interesting discussion... Here is a thought.. Could this happen again? https://www.presidency.ucsb.edu/documents/executive-order-6102-requiring-gold-coin-gold-bullion-and-gold-certificates-be-delivered
FED has certainly been kind to you. Give credit where credit is due.
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
With maybe just a little tiny crumb of credit for the people who work hard every day to make the businesses I have stock in be successful companies with popular products? Maybe a tiny shred of credit to the customers who buy the products? One more itsy bitsy slice of credit for the other investors who buy the stock?
Surely it's not all Fed?
Either way, if one knows all about the Fed's assistance to the stock market and still doesn't participate, who's the fool??
Liberty: Parent of Science & Industry
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey