As long as the people believe in a government and a fiat system the game can continue on forever. Debt is just a number, it could be 1 trillion, 100 trillion, 100 quadrillion, 100 quintillion doesn't matter, its all just a number and they can continue to create/print an unlimited supply of those numbers. The rest of the world is doing exactly the same thing. Everyone is onboard.
I think you are mistaken. It's basic math. As the creation of new debt goes parabolic, none of the existing financial relationships can hold together without sending all asset prices to the moon. At some point, people will spend the money faster and faster before it loses more value. More people will go broke than not.
Mismanagement of the monetary system has already occurred on a grand scale. There's really no way out without a default or a very high rate of inflation. It's a done deal. Money creation is already past the tipping point, and it's only accelerating now.
Gov.com has every incentive to create more money. With tax revenues down, there's no other good way to skim money than to have asset prices increase so that tax revenues can be pumped up across the board - all kinds of taxes are pumped when the money supply is pumped.
The Fed is complicit in creating debt to hold gov.com hostage in perpetuity. The Fed is not our friend. The Fed should be dissolved and banned.
Q: Are You Printing Money? Bernanke: Not Literally
thats the point. As insurance policies, theyve been terrible. Hopefully they catch up
The ETFs aren't insurance policies. However, the physical metals are doing exactly what they are supposed to do in a situation such as what we have right now. I don't think you understand the nature of the type of insurance that gold, silver and platinum provide.
Q: Are You Printing Money? Bernanke: Not Literally
The bottom will fall out, but when? What goes up must come down.
We've been in Monetary Wonderland for 10 years. I'd be looking at historical vs. current P/E ratios and deciding whether or not company earnings can support the stock price. I think not.
Once that realization sinks in, figure the amount of additional free money needed to sustain stock prices and discount the value of the dollar proportionately vs. the outstanding debt by that percentage.
Then, kiss your savings and stock valuations good-bye.
Got PMs?
Q: Are You Printing Money? Bernanke: Not Literally
@MsMorrisine said:
Cramer talked some chartist's interpretation of gold's move.
said dollar is oversold, gold overbought. Cramer opined maybe there is another drop to 88 on DXY and 2200-2300 gold but more likely is a buy up of DXY and sell off of gold.
the segment will probably be online later tonight.
the market is in balanced area with neither the longs or shorts winning. the market seems to be indicating, for now, that the $1900s is a fair price range.
We will see $50 silver before mid Nov, but tbh, Black Friday and Christmas are gonna be the nail in the coffin for sub 2500 gold.
The psychological effect of missing traditions sucks. People with little this year will feel guilty. Food trauma is a very real thing and affects people forever and will mess up the holidays for many. Mix domestic violence, substance abuse, a missed school year and everyone who isnt around this year, and many wont have anything "to be thankful for".
The wakeup call will be at Thanksgiving when people realize they dont have Christmas and were kidding themselves this whole time. The ones who could afford it may not bother trying. We arent. Every gift and all that this past year has been gold or silver for us.
Oh my God this is so exciting. It must cost so much money to fix markets like this.
Years down the line we will learn how it wasn't about trying to keep the wealth movers down, and was always about not drawing attention during times of crisis. I guess now we know the most dangerous thing to these bastards is bringing new buyers in.
On the surface everything is business as usual to 85% of Americans. Heck, things actually look BAD to most outsiders right now.
Like dude I'm an idiot when it comes to this and I keep falling upwards. I've never failed so good in my life.
The world is burning during a plague. There is so much wrong right now. There's clearly no worthwhile or safe store of wealth or sense of national pride or any social cohesiveness anymore. And the worse it gets, more gold is gonna drop to try and cover it up. It is failing spectacularly.
Spot dropping is making metals so affordable it's like Christmas in Heaven but every day.
Market selloffs are a result of thirst for more stimulus that is being delayed. Make no mistake it is only being delayed. What the politicians won't give, the FED will. Buy the dip. I have no problem buying back what I sold in recent weeks.
It's become a planned economy with no one doing any economic planning. It's all reactionary and shoot from the hip - thinking that creating more and more dollars from thin air for corporations will somehow stimulate spending by consumers. Makes zero economic sense, but it sure does line a few pockets for those who are connected or closely-related.
Q: Are You Printing Money? Bernanke: Not Literally
Take with a "grain of salt" what kitco posts on their website....Don't forget, kitco is not an unbiased site when it come to predicting the movements of PM's.
"Bongo drive 1984 Lincoln that looks like old coin dug from ground."
@coinpalice said:
anyone who knows how to read a 100 day moving average would of known the pm's were oversold, like i said on 9/25
your link to a chart that shows 100 DMA for spot gold?
A one hundred day moving average on anything that has its price correlated to the futures market where there is literally unlimited supply and known false demand (spoofing) is not a good future price movement indicator.
Comments
We live in very crazy times.
The bottom will fall out, but when? What goes up must come down.
Not always. Take the National Debt for example.
Worry is the interest you pay on a debt you may not owe.
As long as the people believe in a government and a fiat system the game can continue on forever. Debt is just a number, it could be 1 trillion, 100 trillion, 100 quadrillion, 100 quintillion doesn't matter, its all just a number and they can continue to create/print an unlimited supply of those numbers. The rest of the world is doing exactly the same thing. Everyone is onboard.
I think you are mistaken. It's basic math. As the creation of new debt goes parabolic, none of the existing financial relationships can hold together without sending all asset prices to the moon. At some point, people will spend the money faster and faster before it loses more value. More people will go broke than not.
Mismanagement of the monetary system has already occurred on a grand scale. There's really no way out without a default or a very high rate of inflation. It's a done deal. Money creation is already past the tipping point, and it's only accelerating now.
Gov.com has every incentive to create more money. With tax revenues down, there's no other good way to skim money than to have asset prices increase so that tax revenues can be pumped up across the board - all kinds of taxes are pumped when the money supply is pumped.
The Fed is complicit in creating debt to hold gov.com hostage in perpetuity. The Fed is not our friend. The Fed should be dissolved and banned.
I knew it would happen.
thats the point. As insurance policies, theyve been terrible. Hopefully they catch up
The ETFs aren't insurance policies. However, the physical metals are doing exactly what they are supposed to do in a situation such as what we have right now. I don't think you understand the nature of the type of insurance that gold, silver and platinum provide.
I knew it would happen.
I'm thinking when the pandemic is over ... it will level off.
I'm expecting it to drop a couple more times in it's run to reach for the stars.
you didn't get the memo? love is masks are forever.
Give Me Liberty or Give Me Debt
You got that right.
Appears my biggest mistake so far this year was cashing out of the market back on 7/15. It just goes up, up and up.
The whole worlds off its rocker, buy Gold™.
Ouch!!!
I should clarify stock market but yep ouch. Felt blessed to be back to pre-covid break even, boy was I wrong. lol
The whole worlds off its rocker, buy Gold™.
The bottom will fall out, but when? What goes up must come down.
We've been in Monetary Wonderland for 10 years. I'd be looking at historical vs. current P/E ratios and deciding whether or not company earnings can support the stock price. I think not.
Once that realization sinks in, figure the amount of additional free money needed to sustain stock prices and discount the value of the dollar proportionately vs. the outstanding debt by that percentage.
Then, kiss your savings and stock valuations good-bye.
Got PMs?
I knew it would happen.
Wai.. whaaa?
We've been told repeatedly that it's been 107 years.
Liberty: Parent of Science & Industry
107 years since FED began its destruction of the dollar's purchasing power by taking control of the economy.
10 (actually 12) years since it began it's QE money printing to expedite destruction of what little is left of that purchasing power.
What comes after QE should just about finish the dollar off.
Give Me Liberty or Give Me Debt
Gold $2042.68 up $$13.44 right now.
Buckle up ... we're starting to move again!
Little dip at the open, but as wise man once said: This could be the day!
The whole worlds off its rocker, buy Gold™.
Back over $2K
The whole worlds off its rocker, buy Gold™.
This could be the day!
We will never see that day coming before it happens.
I knew it would happen.
It certainly is a rollercoaster ride.
it went from overbought in red circles to where it is now $100 lower and all the overbought-oversold signals in the middle.
the market is in balanced area with neither the longs or shorts winning. the market seems to be indicating, for now, that the $1900s is a fair price range.
2250 gold on New Year’s Day.
We will see $50 silver before mid Nov, but tbh, Black Friday and Christmas are gonna be the nail in the coffin for sub 2500 gold.
The psychological effect of missing traditions sucks. People with little this year will feel guilty. Food trauma is a very real thing and affects people forever and will mess up the holidays for many. Mix domestic violence, substance abuse, a missed school year and everyone who isnt around this year, and many wont have anything "to be thankful for".
The wakeup call will be at Thanksgiving when people realize they dont have Christmas and were kidding themselves this whole time. The ones who could afford it may not bother trying. We arent. Every gift and all that this past year has been gold or silver for us.
Well looks like back to where we started. Missed out on selling again but at least I did dump quite a bit of silver gutter metal.
The whole worlds off its rocker, buy Gold™.
Oh my God this is so exciting. It must cost so much money to fix markets like this.
Years down the line we will learn how it wasn't about trying to keep the wealth movers down, and was always about not drawing attention during times of crisis. I guess now we know the most dangerous thing to these bastards is bringing new buyers in.
On the surface everything is business as usual to 85% of Americans. Heck, things actually look BAD to most outsiders right now.
Like dude I'm an idiot when it comes to this and I keep falling upwards. I've never failed so good in my life.
The world is burning during a plague. There is so much wrong right now. There's clearly no worthwhile or safe store of wealth or sense of national pride or any social cohesiveness anymore. And the worse it gets, more gold is gonna drop to try and cover it up. It is failing spectacularly.
Spot dropping is making metals so affordable it's like Christmas in Heaven but every day.
1700
Give Me Liberty or Give Me Debt
1875
lower PM prices until more stimulus is promised. FED may have to do it on it's own, for now. Congressional stimulus remains a football.
Give Me Liberty or Give Me Debt
Are the +$2,000 per ounce buyers happier than a pig in a new mudhole today?
MY COINS FOR SALE AT https://www.pcgs.com/setregistry/collectors-showcase/other/bajjerfans-coins-sale/3876
some are still paying +$2K
Give Me Liberty or Give Me Debt
It's time to edit your thread title again.
Worry is the interest you pay on a debt you may not owe.
Had customer add to his position today, with current pullback.
Looks like plenty of people have plenty of money to burn.
https://finance.yahoo.com/news/americans-are-hoarding-trillions-of-dollars-in-cash-before-the-presidential-election-morgan-stanley-164055358.html
MY COINS FOR SALE AT https://www.pcgs.com/setregistry/collectors-showcase/other/bajjerfans-coins-sale/3876
nm
MY COINS FOR SALE AT https://www.pcgs.com/setregistry/collectors-showcase/other/bajjerfans-coins-sale/3876
Market selloffs are a result of thirst for more stimulus that is being delayed. Make no mistake it is only being delayed. What the politicians won't give, the FED will. Buy the dip. I have no problem buying back what I sold in recent weeks.
Give Me Liberty or Give Me Debt
I really love the discussion title.
What a ride.
It's become a planned economy with no one doing any economic planning. It's all reactionary and shoot from the hip - thinking that creating more and more dollars from thin air for corporations will somehow stimulate spending by consumers. Makes zero economic sense, but it sure does line a few pockets for those who are connected or closely-related.
I knew it would happen.
both gold and silver are oversold, why would anyone worry?
not sure where you got your info from. The market doesn't think so.
I must admit, OPA - your timing on the sale was impeccable.
I knew it would happen.
https://www.kitco.com/news/2020-09-24/-Both-gold-and-silver-are-now-oversold-Commerzbank.html
Take with a "grain of salt" what kitco posts on their website....Don't forget, kitco is not an unbiased site when it come to predicting the movements of PM's.
Yes, $1900, cause it don’t take crap from the downside for long.
hammering gold to put lipstick on the dollar is only temporary. Consider it a gift, buy the dip.
Give Me Liberty or Give Me Debt
Gold in the 1825 to 1850 range when we get there is a buying opportunity. Then we’re off to 2250. Slow and steady wins this race.
SLV looks weak. GLD looks ok.
anyone who knows how to read a 100 day moving average would of known the pm's were oversold, like i said on 9/25
your link to a chart that shows 100 DMA for spot gold?
A one hundred day moving average on anything that has its price correlated to the futures market where there is literally unlimited supply and known false demand (spoofing) is not a good future price movement indicator.
Give Me Liberty or Give Me Debt
and spot silver?