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For All You Fortune Tellers With Crystal Balls

WWWWWW Posts: 2,609 ✭✭✭

My method worked pretty well too. ;)

Comments

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

    Pick a card ... any card!!

  • derrybderryb Posts: 36,825 ✭✭✭✭✭

    large maybe, but not crystal

    "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

  • rickoricko Posts: 98,724 ✭✭✭✭✭

    Brass here..... Or so I have been told.... :D Cheers, RickO

  • ReadyFireAimReadyFireAim Posts: 1,825 ✭✭✭✭✭
    edited July 28, 2020 6:58AM
  • ReadyFireAimReadyFireAim Posts: 1,825 ✭✭✭✭✭

    I think the mood here requires this sort of ball. :D

  • metalmeistermetalmeister Posts: 4,586 ✭✭✭✭✭

    My Crystal Ball is a little cloudy.

    email: ccacollectibles@yahoo.com

    100% Positive BST transactions
  • 2ndCharter2ndCharter Posts: 1,658 ✭✭✭✭✭

    I have no idea short term. However, with the total debt approaching $30 Trillion and climbing, the long term trend can only be up.

    Member ANA, SPMC, SCNA, FUN, CONECA

  • maplemanmapleman Posts: 1,052 ✭✭✭✭✭

    Magic 8 ball

  • WillieBoyd2WillieBoyd2 Posts: 5,134 ✭✭✭✭✭
    edited April 24, 2024 8:08PM

    image

    :)

    https://www.brianrxm.com
    The Mysterious Egyptian Magic Coin
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  • derrybderryb Posts: 36,825 ✭✭✭✭✭

    It doesn't take a crystal ball.

    As paper money dies

    Hidden in this gem we find the reason why banks, bankers and central banks will stop at nothing to prevent PMs from shining. We already know that governments do not want competition with their fiat currency, which explains why they turn a blind eye to illegalities:

    "No asset manager is interested in protecting their clients’ assets by investing in the ultimate form of wealth preservation which of course is physical gold. The reason is very simple. Goldman’s private wealth management like all other asset managers are not interested in holding physical gold for their clients for the simple reason that the bank can’t earn sufficient revenue on just holding client gold. Instead they want to put expensive proprietary products and their own managed funds into client portfolios and also buy and sell shares regularly to churn commissions."

    "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: 5,900 ✭✭✭✭✭

    @derryb said:
    It doesn't take a crystal ball.

    As paper money dies

    Hidden in this gem we find the reason why banks, bankers and central banks will stop at nothing to prevent PMs from shining. We already know that governments do not want competition with their fiat currency, which explains why they turn a blind eye to illegalities:

    "No asset manager is interested in protecting their clients’ assets by investing in the ultimate form of wealth preservation which of course is physical gold. The reason is very simple. Goldman’s private wealth management like all other asset managers are not interested in holding physical gold for their clients for the simple reason that the bank can’t earn sufficient revenue on just holding client gold. Instead they want to put expensive proprietary products and their own managed funds into client portfolios and also buy and sell shares regularly to churn commissions."

    Paper money is not dying, it will far outlive you and I. Layoff the Bulgarian spam. Step outside and take a breath of fresh air, cripes try enjoy life a little. There is much more to this world than doom and gloom.

    The whole worlds off its rocker, buy Gold™.

  • cohodkcohodk Posts: 19,143 ✭✭✭✭✭

    Goldman’s private wealth management like all other asset managers are not interested in holding physical gold for their clients for the simple reason that the bank can’t earn sufficient revenue on just holding client gold

    Or perhaps a more logical and reasonable assertion would be that those managers want to stay employed, and investing in an asset that has historically had long droughts of underperformance does translate into a successful and tenured career.

    Excuses are tools of the ignorant

    Knowledge is the enemy of fear

  • derrybderryb Posts: 36,825 ✭✭✭✭✭
    edited August 8, 2020 6:51AM

    @blitzdude said:

    Paper money is not dying, it will far outlive you and I.

    Like one of your amigos says, "charts don't lie." Ironically the chart shows the full realm of FED dollar management.

    "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 ✭✭✭✭✭

    Looking at your chart, are you saying the "Fed dollar management" was "best" in 1929-1933, when the line moves up? Is that the "right" direction?

    And "worst" in 1983-2011, when it was moving steadily in a straight line down and to the right?

    Liberty: Parent of Science & Industry

  • BaleyBaley Posts: 22,660 ✭✭✭✭✭

    As for crystal balls, never had any.

    Have been told that my Mind is like a steel trap...

    Rusty and has a chewed-off coyote leg in it!

    Liberty: Parent of Science & Industry

  • derrybderryb Posts: 36,825 ✭✭✭✭✭

    @Baley said:
    Looking at your chart, are you saying the "Fed dollar management" was "best" in 1929-1933, when the line moves up? Is that the "right" direction?

    And "worst" in 1983-2011, when it was moving steadily in a straight line down and to the right?

    Appears the Great Depression strengthened dollar. Bet the Greater Depression won't have the same effect.

    "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

  • TwoSides2aCoinTwoSides2aCoin Posts: 44,294 ✭✭✭✭✭

    Balls of steel. Heart of gold. Some kind of metal head.

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