Global Covid stimulus equals global gold value

cohodk

That seems like a lot of money hitting all reaches of the economies.

Discuss

https://www.goldeneaglecoin.com/Guide/value-of-all-the-gold-in-the-world

https://blogs.imf.org/2020/05/20/tracking-the-9-trillion-global-fiscal-support-to-fight-covid-19/

philographer

Weirdly, there’s not much inflation on the horizon. The inflation is in stocks, and just a few at that.

derryb

The QE is not "fighting global covid." It's needed because the world economy was destroyed by central banks beginning in 2009. The can kicking has reached a temporary cul-de-sac. Covid was just the flashlight that exposed the fairy tale. Current US QE began in earnest in late 2019 before there was a covid.

$9 Trillion? It will double before the end of the year.

Inflation? Only when the magical money gets into the hands of consumers. The little that is trickling down now is being used to pay personal debt and to save because most at the bottom of the money chain see the rainy days that lie ahead. Most of the new money, as usual, is being used to inflate Wall Street assets in a continuation of the great transfer of wealth. The bulk of QE is not 'hitting all reaches of the economies." The $1200 sent directly to consumers was but a half of a drop of water from the QE bucket. It was served up to distract thought from where the bulk of the money was going. As elites have been know to say "let them eat pie."

blitzdude

@derryb said:
The QE is not "fighting global covid." It's needed because the world economy was destroyed by central banks beginning in 2009. Covid was only the flashlight that exposed the fairy tale. Current US QE began in earnest in late 2019 before there was a covid.

$9 Trillion? It will double before the end of the year.

Inflation? Only when the magical money gets into the hands of consumers. The little that is trickling down now is being used to pay personal debt and to save because most at the bottom of the money chain see the rainy days that lie ahead. Most of the new money, as usual, is being used to inflate Wall Street assets in a continuation of the great transfer of wealth. The bulk of QE is not 'hitting all reaches of the economies." The $1200 sent directly to consumers was but a half of a drop of water from the QE bucket. It was served up to distract thought from where the bulk of the money was going. As elites have been know to say "let them eat pie."

Sounds like another Harvey Organ reincarnation fairy tale. I do love my fresh summer pies.

derryb

Well, sometimes the truth just plain hurts. But you'll eventually get over it.

cohodk

The QE and bailouts iin 2020 are much differemt than in 2008. I expect the response in some markets to be different this go 'round.

derryb

The difference is we are not bailing out banks this go around. No need to, depositors are now on the hook for bank losses. What is not different is whose pockets the money eventually ends up in. The transfer of wealth continues, just a longer train ride to the top.

cohodk

So creative. .

British government says it will pick up half the checks at restaurants to help boost economy - MarketWatch
https://www.marketwatch.com/story/british-government-says-it-will-pick-up-half-the-checks-at-restaurants-to-help-boost-economy-2020-07-08

MsMorrisine

banks just went through stress tests, didn't they? I wouldn't trust them anyway because who knows how many bad loans are waiting out there.

anyway, let's say there are a lot of defaults. what will happen? the money printing will continue for some bank bailout.... possibly even creating a "bad bank"... so there is no erosion of confidence in the banking system and because "this happened due to no fault of their own."

long story short, I don't see banks getting bail-ins.

cohodk

@derryb said:
The difference is we are not bailing out banks this go around. No need to, depositors are now on the hook for bank losses. What is not different is whose pockets the money eventually ends up in. The transfer of wealth continues, just a longer train ride.

2008 was to save the system. 2020 is to save face.

derryb

Banks are not safe:

cohodk

Derivatives dont mean anything. We've had that same discussion for 15 years now.

derryb

@cohodk said:
Derivatives dont mean anything. We've had that same discussion for 15 years now.

BS. You've may have had that discussion with yourself. You've made a lot of ignorant statements but this one takes the cake. Can't wait to see you outdo this one. LOL

Derivatives caused the 2008 financial crisis by creating artificial demand for underlying assets such as mortgages, credit card debt, and auto loans.

blitzdude

@derryb said:

@cohodk said:
Derivatives dont mean anything. We've had that same discussion for 15 years now.

BS. You've may have had that discussion with yourself. You've made a lot of ignorant statements but this one takes the cake. Can't wait to see you outdo this one. LOL

Derivatives caused the 2008 financial crisis by creating artificial demand for underlying assets such as mortgages, credit card debt, and auto loans.

Somewhat random but the sad part is you and I both have the same goal......I think. lol

I stack metals as I believe they will increase in "fiat" value, which I will someday cash in to pay for more farm land, livestock, tractors, fuel, property taxes etc . US Fiat dollars will long outlast me although there is no argument they will continue to lose purchasing power due to inflation.

You stack metals because you are convinced the world is about to end, the comex is going to implode, the FED is about to go belly up so fiat will be Zimbabwe worthless and your metals will be the only item of value and you will be the only smart one in the neighborhood swapping ASE's for cans of beans, boxes of ammo, bottles of the devils whiskey, Prozac, chinese iphones, big screen TVs, etc.

In the end we both stack, we both believe metals will have a greater worth, I just don't think the world as we know it needs to end for us to win.

derryb

@blitzdude said:

I stack metals as I believe they will increase in "fiat" value, which I will someday cash in to pay for more farm land, livestock, tractors, fuel, property taxes etc . US Fiat dollars will long outlast me although there is no argument they will continue to lose purchasing power due to inflation.

You stack metals because you are convinced the world is about to end, the comex is going to implode, the FED is about to go belly up so fiat will be Zimbabwe worthless and your metals will be the only item of value and you will be the only smart one in the neighborhood swapping ASE's for cans of beans, boxes of ammo, bottles of the devils whiskey, Prozac, chinese iphones, big screen TVs, etc.

In the end we both stack, we both believe metals will have a greater worth, I just don't think the world needs to end for me to win.

Your assumption is completely wrong. I stack metals because they are insurance against the decline of the dollar. The world is not about to end, the comex will eventually kill itself, we are economic hostages of the FED and I am not an end of the world prepper. I'm winning just fine with trading my metals without needing or wanting the world to end. I would much rather not need the insurance my metals provide me.

Appears you have incorrectly interpreted my "don't trust those that have control over the value of your money" crusade.

cohodk

@derryb said:

@cohodk said:
Derivatives dont mean anything. We've had that same discussion for 15 years now.

BS. You've may have had that discussion with yourself. You've made a lot of ignorant statements but this one takes the cake. Can't wait to see you outdo this one. LOL

Derivatives caused the 2008 financial crisis by creating artificial demand for underlying assets such as mortgages, credit card debt, and auto loans.

I think you need to go back and review all of toadrunners (and yours) diatribes on the "end of the world due to derivatives" comments.

World aint ended. Dollar aint dead. Stock market aint at zero and gold aint at 5000.

Looking forward to another 15 years of derivative drivel. Whoohoo!!!

derryb

spoken like a FED owned banker. Keep taking those QE handouts. . . while they last.

TwoSides2aCoin

COVID is a "slight of hand" trick to distract. Gold is not.

TwoSides2aCoin

If man put 10,000 stimulus dollars into gold instead of face masks, in January, he would be able to buy twice as many masks for half the price today. And the virus would still spread.

cohodk

@derryb said:
spoken like a FED owned banker. Keep taking those QE handouts. . . while they last.

So now you say "Fed owned banker" but youve previously said bankers owned the Fed.

Is it hard ti keep up with yourself?

derryb

As you well know, FED is made up of member banks. Local bankers such as yourself are under the full control and regulation of the FED. FED owns you, and your comments here on the forum say so. lol.

Everything is just fine. Just like it was in 2008.

cohodk

@derryb said:
FED owns you

But i own you. 🙂🥂

derryb

no, you're just a toy I play with when I'm bored.

Baley

@derryb said:
no, you're just a toy I play with when I'm bored.

How funny, that's what all of us here think 😉

cohodk

derryb

@cohodk said:

@derryb said:
The difference is we are not bailing out banks this go around. No need to, depositors are now on the hook for bank losses. What is not different is whose pockets the money eventually ends up in. The transfer of wealth continues, just a longer train ride.

2008 was to save the system. 2020 is to save face.

2008 was to save the bankers. 2020 is to continue the pillage.

jmski52

I stack metals as I believe they will increase in "fiat" value, which I will someday cash in to pay for more farm land, livestock, tractors, fuel, property taxes etc . US Fiat dollars will long outlast me although there is no argument they will continue to lose purchasing power due to inflation.

You stack metals because you are convinced the world is about to end, the comex is going to implode, the FED is about to go belly up so fiat will be Zimbabwe worthless and your metals will be the only item of value and you will be the only smart one in the neighborhood swapping ASE's for cans of beans, boxes of ammo, bottles of the devils whiskey, Prozac, chinese iphones, big screen TVs, etc.

Let me see if I understand you correctly. You are the only smart one in the room because all of your reasons for stacking are shrewd and forward-looking while everyone else is needlessly hyped (and backward).

Not only that, but you can divine what other people think and why they stack metals because of a variety of factors that may or may not happen with the currency, based on your own interpretations of various personalities being exhibited in an online chatroom. That's quite some talent.

The fact that every previous fiat currency has failed and the fact that a burgeoning debt load is simply unrealistic and unsustainable mathematically - doesn't deter your confidence in the dollar. The dollar's in trouble, and so are most other fiat currencies. The world doesn't end if the dollar ends and/or the Comex implodes - but the rules do change - most certainly to benefit the ones in power.

I just don't think the world as we know it needs to end for us to win.

The world as we know it - IS ending day by day, and it's not necessarily a "win" for anybody.

derryb

Dollar insurance. Ordered another green policy on Thursday.

derryb

@derryb said:

Derivatives caused the 2008 financial crisis by creating artificial demand for underlying assets such as mortgages, credit card debt, and auto loans.

Guess what creates the artificial demand or lack thereof for precious metals?

cohodk

Why are you always looking to place blame. No one cares about this nonsense. We just want our shiny little trinkets to be worth more than we paid. Just like we want our stocks and house to be worth more. We dont care about excuses or blame games.

PMs will go up when folk value them more. Plain and simple. Keep a clear mind and enjoy life.

Baley

It looks like derryb IS enjoying life!

He likes to buy boxes of ASEs and sell singles on ebay. He likes to buy gold AGEs from the mint, get them graded, and sell them on BST. He likes to drive to banks and get boxes of quarters and search for Ws and sell them online and then drive the rest back to the credit union.

And he likes to post on here, to say about entitlements while collecting social security and double dip pensions, to describe metals scams while profiting heavy from their volatility. And to say baby steps like he knows it all and everyone else is playing catch up or fall behind.

derryb is certainly enjoying the life!

blitzdude

@cohodk said:
Why are you always looking to place blame. No one cares about this nonsense. We just want our shiny little trinkets to be worth more than we paid. Just like we want our stocks and house to be worth more. We dont care about excuses or blame games.

PMs will go up when folk value them more. Plain and simple. Keep a clear mind and enjoy life.

Ironic that Mr. Anti-fiat want's his green boxes to be worth more fiat. But to get there 3,000 conspiracy theories are required. Crazy world.

taxmad

@Baley said:
It looks like derryb IS enjoying life!

He likes to buy boxes of ASEs and sell singles on ebay. He likes to buy gold AGEs from the mint, get them graded, and sell them on BST. He likes to drive to banks and get boxes of quarters and search for Ws and sell them online and then drive the rest back to the credit union.

And he likes to post on here, to say about entitlements while collecting social security and double dip pensions, to describe metals scams while profiting heavy from their volatility. And to say baby steps like he knows it all and everyone else is playing catch up or fall behind.

derryb is certainly enjoying the life!

He didn't invent the system - and playing in the rules as written - while preparing for their inevitable collapse - makes a heck of a lot more sense than assuming all is rainbows and unicorns...

blitzdude

@Baley said:
It looks like derryb IS enjoying life!

He likes to buy boxes of ASEs and sell singles on ebay. He likes to buy gold AGEs from the mint, get them graded, and sell them on BST. He likes to drive to banks and get boxes of quarters and search for Ws and sell them online and then drive the rest back to the credit union.

And he likes to post on here, to say about entitlements while collecting social security and double dip pensions, to describe metals scams while profiting heavy from their volatility. And to say baby steps like he knows it all and everyone else is playing catch up or fall behind.

derryb is certainly enjoying the life!

Those who feel the need to continuously remind everyone how well they do (especially to a bunch of strangers on a internet message board) are typically fake news. No rainbows and unicorns just the facts.

Baley

@taxmad said:

@Baley said:
It looks like derryb IS enjoying life!

He likes to buy boxes of ASEs and sell singles on ebay. He likes to buy gold AGEs from the mint, get them graded, and sell them on BST. He likes to drive to banks and get boxes of quarters and search for Ws and sell them online and then drive the rest back to the credit union.

And he likes to post on here, to say about entitlements while collecting social security and double dip pensions, to describe metals scams while profiting heavy from their volatility. And to say baby steps like he knows it all and everyone else is playing catch up or fall behind.

derryb is certainly enjoying the life!

He didn't invent the system - and playing in the rules as written - while preparing for their inevitable collapse - makes a heck of a lot more sense than assuming all is rainbows and unicorns...

And here we go again..
Are those our only 2 choices?

Baley

My point was that we all have our degrees and levels of success, and can enjoy our lives and learn from each other without saying each other are wrong and/or stupid.

Hell, i mysef may be a lot more active with hours handling and thinking about bits and pieces of metal someday in 20 or 30 years..

When I've got that kind of time on my hands and fewer, funner alternatives 😉😏

cohodk

@Baley said:
My point was that we all have our degrees and levels of success, and can enjoy our lives and learn from each other without saying each other are wrong and/or stupid.

r> When I've got that kind of time on my hands and fewer, funner alternatives 😉😏

You are right Baley. Enjoyment of life is relative. Thats a good point to remember. In fact, we are surrounded by relativity and may we all benefit from the fruits of the opportunity it provides.

cohodk

The whole purpose of starting this thread was to show how relatively easy it was for the global economy to print money equal to the value of all the gold in the world. And if it was that easy, surely it can be done again. Assets priced in any currency should benefit.

derryb

@blitzdude said:

Those who feel the need to continuously remind everyone how well they do (especially to a bunch of strangers on a internet message board) are typically fake news. No rainbows and unicorns just the facts.

Don't beat around the bush. Drop the fake news BS and just call them liars. lol

Maybe they are responding to the mistaken claims that their investment strategy is all wrong. Maybe they are rolling in fiat because their "incorrect" strategy actually works and they can't convert it into something sustainable fast enough.

I'm doing exceptionally well thank you and it is obvious you just can't stand it. Get over it. lol

And guess what, the future of metals looks better than it ever has.

And FWIW Baley a pension and a $126 a month social security check are not entitlements. They are hard earned benefits that were contributed to during a demanding yet rewarding career. They are a return on the investment in oneself. The day will come when you will wish or will be glad you did the same.

I like having all three of my pet trolls in the same thread. Consolidation at its best.

blitzdude

No welfare for me, I make my own way without entitlements.

Maybe we should start a new thread, " @derryb 's pension and social security are about to implode" lol.

Better not bite the hand that feeds you. lol

derryb

jealous, again?

Oh, almost forgot. Won $25K on a $10 scratch off last year that went into PMs. One of my best fiat conversions so far. Stew over that one. lol

blitzdude

Lottery is a fools game. I bet you sunk in $50K to win your $25K. Then you sunk it into $20 eagles that are now worth $18. You should write a book. "What not to do, the @derryb school of investing."

derryb

LOL, You a funny troll.

Baley

@derryb said:

>

And FWIW Baley a pension and a $126 a month social security check are not entitlements. They are hard earned benefits that were contributed to during a demanding yet rewarding career. They are a return on the investment in oneself. The day will come when you will wish or will be glad you did the same.

Agree, in fact, i specifically brought up the subject to cause you to say that, just so i could agree!
Dance on my strings, puppet!!

Jk on that last joke, the point is that we need inflation in order to pay for everyone's earned whatever-you-want-to-call-them monthly checks forever.

I like having all three of my pet trolls in the same thread. Consolidation at its best.

Thank you oh wise master.
Not Kidding about learning from you and doing some of what you do when I'm your age.