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2020 Gold, Silver, and Economic News

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  • BaleyBaley Posts: 22,660 ✭✭✭✭✭

    No, then? No credit at all for anything or anyone else but Fed?

    How come you tend to answer the good questions with a cartoon?
    They're not even hard questions.

    Liberty: Parent of Science & Industry

  • BaleyBaley Posts: 22,660 ✭✭✭✭✭

    Here's a softball then:

    if Fed is pulling the strings,

    Why aren't ALL stocks going up?

    Liberty: Parent of Science & Industry

  • jmski52jmski52 Posts: 22,795 ✭✭✭✭✭

    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?

    Yes, but only a very tiny crumb - maybe 1or 2 percent. The whole stock market has been on fire in spite of the economic numbers crashing for the past 3 months. And P/Es are way high out of whack as well despite lower or non-existant earnings.

    Surely it's not all Fed?

    (As noted above, it's only 98% to 99% the Fed's doing. I haven't heard of anyone inventing a new flux capacitor.)

    Either way, if one knows all about the Fed's assistance to the stock market and still doesn't participate, who's the fool??

    To properly respond to your question, I refer you back a few years to the movie, "War Games"

    Q: Are You Printing Money? Bernanke: Not Literally

    I knew it would happen.
  • derrybderryb Posts: 36,774 ✭✭✭✭✭

    Every threat to pop it brings more QE! lol

    "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

  • cohodkcohodk Posts: 19,070 ✭✭✭✭✭

    @jmski52 said:
    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?

    Yes, but only a very tiny crumb - maybe 1or 2 percent.

    And my old man told me hard work and study was 100%. Now its only 2%. Dang.....depreciates faster than the US dollar. Lol

    Excuses are tools of the ignorant

    Knowledge is the enemy of fear

  • derrybderryb Posts: 36,774 ✭✭✭✭✭

    Welcome to the New World of free money.

    Where the Magic Money Tree blooms year round.

    "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

  • blitzdudeblitzdude Posts: 5,886 ✭✭✭✭✭
    edited July 2, 2020 6:30PM

    @derryb said:
    Welcome to the New World of free money.

    Where the Magic Money Tree blooms year round.

    LG baby! Lifes good! I got so much green paper It's hard to even comprehend. lol

  • VanHalenVanHalen Posts: 3,928 ✭✭✭✭✭

    It's not all The Fed, it's mostly The Fed. We're abusing the USD in a criminal fashion to support the wealthy and keep their stocks overvalued.

  • jmski52jmski52 Posts: 22,795 ✭✭✭✭✭

    We're abusing the USD in a criminal fashion to support the wealthy and keep their stocks overvalued.

    Clarification - It's not "we" who are abusing the dollar in criminal fashion. It's the OWNERS of the Federal Reserve Banking System.

    It's important to remember this.

    Q: Are You Printing Money? Bernanke: Not Literally

    I knew it would happen.
  • derrybderryb Posts: 36,774 ✭✭✭✭✭
    edited July 5, 2020 7:49AM

    "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

  • VanHalenVanHalen Posts: 3,928 ✭✭✭✭✭

    @jmski52 said:
    We're abusing the USD in a criminal fashion to support the wealthy and keep their stocks overvalued.

    Clarification - It's not "we" who are abusing the dollar in criminal fashion. It's the OWNERS of the Federal Reserve Banking System.

    It's important to remember this.

    It is largely The Fed but let's not forget we have $25 trillion in additional debt on the federal level alone.

    It wasn't that long ago we spoke of these totals in billions of USD. Quadrillions is our next stop on the crazy train called greed.

  • derrybderryb Posts: 36,774 ✭✭✭✭✭

    Sovereign debt is no longer relevant as long as the US owns its own printing press (MMT). What matters is the promise of price inflation to accompany money supply inflation. As long as price inflation is kept in check, $100 Trillion in debt will not matter. Look for asset inflation to continue as this new money must find a tree in which to roost. The FED would love nothing more than to only have to worry about price inflation. It is doing everything it can to get there.

    "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

  • BaleyBaley Posts: 22,660 ✭✭✭✭✭

    Difficult to have general goods and services price hyperinflation without wage inflation...

    Which is difficult to have when there is high unemployment.

    Liberty: Parent of Science & Industry

  • derrybderryb Posts: 36,774 ✭✭✭✭✭

    @Baley said:
    Difficult to have general goods and services price hyperinflation without wage inflation...

    Which is difficult to have when there is high unemployment.

    I'm talking inflation, not hyperinflation.

    wage increases lag price increases. Employers don't normally volunteer higher wages. Employees fight for them and usually when higher prices create the need for higher wages.

    "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

  • blitzdudeblitzdude Posts: 5,886 ✭✭✭✭✭
    edited July 6, 2020 5:20AM

    @derryb said:

    Every threat to pop it brings more QE! lol

    As the saying goes "If you can't beat them maybe it's time to join them?" You missed the greatest bull market in history sitting on all those monster boxes of eagles. Not only are you underwater but they don't even keep up with inflation.

  • BaleyBaley Posts: 22,660 ✭✭✭✭✭

    ... and they make millions more ASEs every year! Depreciating the value of the existing ones, cuz that's how it works when they keep inflating the supply 😉
    Right?

    Liberty: Parent of Science & Industry

  • cohodkcohodk Posts: 19,070 ✭✭✭✭✭

    At least we were warned.

    Excuses are tools of the ignorant

    Knowledge is the enemy of fear

  • derrybderryb Posts: 36,774 ✭✭✭✭✭
    edited July 6, 2020 1:43PM

    800 ASEs delivered today!
    keep talkin the talk while I do the walk. lol

    Physical PMs can pay very well; know when to buy and when to sell:

    "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

  • derrybderryb Posts: 36,774 ✭✭✭✭✭

    What bubble? lol

    "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

  • jmski52jmski52 Posts: 22,795 ✭✭✭✭✭

    What would be the justification in the Fed’s purchasing junk bond funds, hedge funds, airline stocks and tech stocks with money created from thin air? Those guys are a private cartel.

    All that imaginary money COMPETES with the money that YOU and I actually had to earn by working.

    Yeah, all assets are rising. That doesn’t change the basic facts of this massively corrupt arrangement.

    Q: Are You Printing Money? Bernanke: Not Literally

    I knew it would happen.
  • derrybderryb Posts: 36,774 ✭✭✭✭✭

    "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

  • MilesWaitsMilesWaits Posts: 5,338 ✭✭✭✭✭

    You go now a little town in Washington state!

    Now riding the swell in PM's and surf.
  • BaleyBaley Posts: 22,660 ✭✭✭✭✭

    Better crack down on those balsawood coupons!

    Liberty: Parent of Science & Industry

  • tincuptincup Posts: 5,110 ✭✭✭✭✭

    Now they just need to have another one good for "alcohol, tobacco, cannabis and lottery tickets", since the regular one is not good for that.

    ----- kj
  • derrybderryb Posts: 36,774 ✭✭✭✭✭
    edited July 25, 2020 2:03PM

    more oddities at the COMEX

    "One reason I can think of why the spreads persist, is because bullion banks are currently less active on the COMEX."

    "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

  • coinpalicecoinpalice Posts: 2,453 ✭✭✭✭✭

    i think gold will go up another 10 percent before it sells off

  • DNADaveDNADave Posts: 7,268 ✭✭✭✭✭

    @Baley said:

    Better crack down on those balsawood coupons!

    Take a look at what those are selling for on eBay....

  • derrybderryb Posts: 36,774 ✭✭✭✭✭
    edited July 26, 2020 6:48AM

    The ultimate bubble

    Sucka's Rally. This ain't gonna end well

    "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

  • taxmadtaxmad Posts: 971 ✭✭✭✭

    @derryb said:
    The ultimate bubble

    Sucka's Rally. This ain't gonna end well

    My youngest downloaded the RobinHood app last year at school. They gave him $50 to help fund his account. He buys and sells stock every other day it seems. Likes the one that dropped - and when I asked why it dropped, he doesn't know. I have tried to get him to read articles about a company before he invests with limited success. He only has $300 in the account so it will be a cheap lessen - but some of the stories are devastating. Reminds me of the DotCom and Housing bubbles when they collapsed...

  • tincuptincup Posts: 5,110 ✭✭✭✭✭

    The new generations will need to learn the lessons... just like the older generations did. Nothing new except the players.

    ----- kj
  • dcarrdcarr Posts: 8,419 ✭✭✭✭✭

    @derryb said:
    The ultimate bubble

    Sucka's Rally. This ain't gonna end well

    When the shoeshine boys talked stocks in 1929, it was a sell signal.

    https://rickackerman.com/2020/07/earnings-week/

    .

  • cohodkcohodk Posts: 19,070 ✭✭✭✭✭

    @derryb said:
    The ultimate bubble

    Sucka's Rally. This ain't gonna end well

    This is a PM forum. Keep it to PMs said derryb. Haha. What a hypocrite.

    Excuses are tools of the ignorant

    Knowledge is the enemy of fear

  • derrybderryb Posts: 36,774 ✭✭✭✭✭
    edited July 27, 2020 4:31PM

    @cohodk said:

    @derryb said:
    The ultimate bubble

    Sucka's Rally. This ain't gonna end well

    This is a PM forum. Keep it to PMs said derryb. Haha. What a hypocrite.

    It is PM related. When the sucka's rally peaks, PMs will benefit. Just another fundamental to put in the cookie jar.

    "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

  • JimnightJimnight Posts: 10,846 ✭✭✭✭✭

    It's moving back up nicely!

  • derrybderryb Posts: 36,774 ✭✭✭✭✭

    "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

  • OPAOPA Posts: 17,118 ✭✭✭✭✭
    edited July 30, 2020 6:46AM

    derryb, where is your "roller coaster" insert?

    Silver ... $23.13 ... -$1.16

    DJIA.... 26,086.82....-452.75
    S&P 500 ....3,212.74....-45.70
    NASDAQ....10,435.40....-107.54

    "Bongo drive 1984 Lincoln that looks like old coin dug from ground."
  • derrybderryb Posts: 36,774 ✭✭✭✭✭

    "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

  • MsMorrisineMsMorrisine Posts: 32,984 ✭✭✭✭✭
    edited July 30, 2020 8:36AM

    Current maintainer of Stone's Master List of Favorite Websites // My BST transactions
  • derrybderryb Posts: 36,774 ✭✭✭✭✭

    HSBC Under Siege, What It Means For Gold Prices

    • HSBC is one of 11 remaining market-making bullion banks after Scotiabank dropped out of the gold futures market in April.
    • HSBC has supplied about 7% of physical gold deliveries since last December against Comex gold futures contracts.
    • HSBC already has announced 35,000 layoff pending. If it pulls out of the gold market, paper gold sell-side liquidity could contract still further, forcing more upside price dislocations in gold.

    Loss of another major market making bullion bank on the COMEX will expedite COMES's implosion. Yes Blitzboy, I said implosion.

    "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

  • shorecollshorecoll Posts: 5,445 ✭✭✭✭✭

    BTW, ~80 million people in the US directly or indirectly own stocks, I'm pretty sure they aren't all rich.

    ANA-LM, NBS, EAC
  • derrybderryb Posts: 36,774 ✭✭✭✭✭

    @shorecoll said:
    BTW, ~80 million people in the US directly or indirectly own stocks, I'm pretty sure they aren't all rich.

    Then they obviously don't own very many.

    "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

  • BaleyBaley Posts: 22,660 ✭✭✭✭✭
    edited August 7, 2020 8:09PM

    Good point
    Nevertheless, historically and to a wide extent and most frequently, the slow and steady accumulation of equity in stock based retirement funds, particularly with employers partial match, has been a reliable way for disciplined and long term workers to build wealth.

    As have the slow purchase of houses and disciplined resistance to the lure of cash-out refinancing using money borrowed at favorable rates. You get to live in it and customize it and own it or sell it for more at the end

    As have, yes, the slow, steady, disciplined (getting the sense of a theme here?) Accumulation of precious metals.

    Liberty: Parent of Science & Industry

  • AzurescensAzurescens Posts: 2,737 ✭✭✭✭✭

    @derryb said:

    @shorecoll said:
    BTW, ~80 million people in the US directly or indirectly own stocks, I'm pretty sure they aren't all rich.

    Then they obviously don't own very many.

    Of course not. The stock market is a slot machine for the rich.

  • cohodkcohodk Posts: 19,070 ✭✭✭✭✭

    @Azurescens said:

    @derryb said:

    @shorecoll said:
    BTW, ~80 million people in the US directly or indirectly own stocks, I'm pretty sure they aren't all rich.

    Then they obviously don't own very many.

    Of course not. The stock market is a slot machine for the rich.

    Thats really sad commentary.

    The stock market has made many poor become rich. People with ideas and deams, maybe they were making computers in their garage, or selling suits from the trunk of their car. People who arent afraid to risk. They arent afraid of "them". They prepare for a better life, and not look forward to doom. They are optimists, not pessimists. Those are ones who become wealthy.

    But us peons can participate just the same. We can ride their coat tails and benefit from their vision. We can own a piece of their business. How generous is that!!!

    And one doesnt need to be "rich" to get started. We could discuss the mega life changing investments in companies like Apple or Microsoft, but how about something more mundane like Cracker Barrel or Autozone where $1000 invested 30 years would be worth $50,000 now. One doesnt need to be rich to benefit from others' genius, just confidence and clarity of vision.

    And BTW---rose colored glasses do enhance visual acuity much more than dark and stained ones.

    Excuses are tools of the ignorant

    Knowledge is the enemy of fear

  • derrybderryb Posts: 36,774 ✭✭✭✭✭
    edited August 10, 2020 1:25AM

    @Azurescens said:

    @derryb said:

    @shorecoll said:
    BTW, ~80 million people in the US directly or indirectly own stocks, I'm pretty sure they aren't all rich.

    Then they obviously don't own very many.

    Of course not. The stock market is a slot machine for the rich.

    For every winner, there's a loser. And the brokers collected a commission from both parties. No wonder these brokers disparage precious metals, they have a cash generating machine.

    Guess which income class generally made money and which lost money? The longest playing transfer of wealth game in US history continues.

    "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

  • derrybderryb Posts: 36,774 ✭✭✭✭✭
    edited August 10, 2020 5:20AM

    "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

  • OperationButterOperationButter Posts: 1,672 ✭✭✭

    How exciting..

    “ personal savings rates soared from about 8% to 20%.
    The way it works is that money then gets put in the bank, or put into a money market fund, and those resources are available so that when the government runs deficits, it doesn't have to borrow as much from abroad because we're generating savings domestically. It is much safer for a country to fund its own government deficits from its own people than it is to borrow from abroad.”

    https://apple.news/AWhUzu6YLRrC6GiYSF1ZQew

    Gold is for savings. Fiat is for transactions.



    BST Transactions (as the seller): Collectall, GRANDAM, epcjimi1, wondercoin, jmski52, wheathoarder, jay1187, jdsueu, grote15, airplanenut, bigole
  • blitzdudeblitzdude Posts: 5,886 ✭✭✭✭✭

    Bout time Americans started saving instead of recklessly spending. How long will it last? Not optimistic it will make it past another 3 months let alone the next twitter tantrum. Good luck!!!

  • WQuarterFreddieWQuarterFreddie Posts: 2,618 ✭✭✭✭✭

    Well, apparently Russia has a vaccine for COVID-19 and gold and silver are down sharply on the news🙄

  • derrybderryb Posts: 36,774 ✭✭✭✭✭

    buy the dip

    "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 discussion has been closed.