@derryb said:
Face it, the equity market is nothing more than a poker table for those with the money to play. Where would SP500 be without the infusion of massive amounts of dollars into the economy? No coincidence that the unprecedented money printing since 2008 drove most all stock indexes sky high.
It would be at the same level, more or less.
If you think MSFT's business model doesn't work under a different monetary regime.....
more money chasing the same number of shares
Repetition of ignorance is ignorance raised to the power two.
And let's not forget the affect 11million+ illegal immigrants have on the US job market and on the economy. Keep in mind that those jobs pay low because the people holding them will accept low pay. After all, that is why they get hired.
Can't wait till those 11 million job vacancies get filled by honest hard working 'Mericans at $20/hrs with benefits.
Not much left after taxes,partial health insurance cost,high rent, food. Okay I guess if one wishes to just survive or to be just an average, ordinary American.
Point here is that to replace those "illegals", companies will have to offer much higher wages and benefits. These higher costs would be passed to the consumer--YOU.
If you wanted lower prices, you ain't gonna get them.
Is gold $3000 too low?
The passing on of higher costs to the consumer would be contingent on what that consumer specifically consumes.
Successful transactions:Tookybandit. "Everyone is equal, some are more equal than others".
No CC debt for me up here in The Commonweath, in fact no debt period. 1 day remaining in 2024 and the net worth is sitting at an increase of 28.69%, my 2nd best year yet (+33.54% in 2021). BOOMIN for sure. RGDS!
The whole worlds off its rocker, buy Gold™.
BOOMIN!™
All physical gold is worth more than spot. Spot is the price of paper futures contracts from which premiums are added for the real McCoy. As long as this formula is followed the price of physical gold really begins with bullion bankers who have repeatedly settled cases with the department of justice for price rigging.
Repetition of ignorance is ignorance raised to the power two.
@blitzdude said:
I could care less about the futures price. I live and transact my Au in the real/spot world. Looks like $2800 currently. RGDS!
LOL. You obviously don't realize that the price of your real gold is determined by the futures price. The premiums you pay, or sell for, are simply added to the spot price. Spot price is determined by the futures market.
If you hold gold, the futures price of gold matters a whole, whole, whole lot.
Repetition of ignorance is ignorance raised to the power two.
@blitzdude said:
I could care less about the futures price. I live and transact my Au in the real/spot world. Looks like $2800 currently. RGDS!
LOL. You obviously don't realize that the price of your real gold is determined by the futures price. The premiums you pay, or sell for, are simply added to the spot price. Spot price is determined by the futures market.
If you hold gold, the futures price of gold matters a whole, whole, whole lot.
The ATH price for gold is measured at spot price not the futures price. It really shouldn't be that hard to understand. THKS!
The whole worlds off its rocker, buy Gold™.
BOOMIN!™
@blitzdude said:
I could care less about the futures price. I live and transact my Au in the real/spot world. Looks like $2800 currently. RGDS!
LOL. You obviously don't realize that the price of your real gold is determined by the futures price. The premiums you pay, or sell for, are simply added to the spot price. Spot price is determined by the futures market.
If you hold gold, the futures price of gold matters a whole, whole, whole lot.
The ATH price for gold is measured at spot price not the futures price. It really shouldn't be that hard to understand. THKS!
For the purposes of this thread which I started, I consider the near month futures contract price to be just as valid. The futures are used by industrial entities with very little time premium is a reliable price point.
@cohodk said:
I think it hit $4200 in $CAD tonight.
$5000 in $NZD.
20,000 in Chinese Remminbi.
and 0.0287 in bitcoin
in 2010 it took 10,000 bitcoin (now worth billions) to buy two pizzas. got bitcoin?
How much is that in tulip bulbs?
Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire
$3,000 seems inevitable, you wonder how much media attention there will be. $1,000 and $2,000 milestones got drowned out by the Financial Crisis post-shock effects and Covid, respectively.
$3,000 by 2030 was clearly too conservative but I'll stick to my $5,000 by 2035 prediction.....for now.
$3,000 seems inevitable, you wonder how much media attention there will be. $1,000 and $2,000 milestones got drowned out by the Financial Crisis post-shock effects and Covid, respectively.
$3,000 by 2030 was clearly too conservative but I'll stick to my $5,000 by 2035 prediction.....for now.
It would have to hit $5K to make a news cycle today with so much going on. Maybe if we buy New Zealand with Gold or something like that.
Comments
more money chasing the same number of shares
Repetition of ignorance is ignorance raised to the power two.
The future is always written silently in the price action.
Repetition of ignorance is ignorance raised to the power two.
We eat out from time to time. Always inquire with the server if this is their career. Some respond> @cohodk said:
The passing on of higher costs to the consumer would be contingent on what that consumer specifically consumes.
BOOMIN'!!!!
https://thecapitalist.com/us-credit-card-debt-2024/
No CC debt for me up here in The Commonweath, in fact no debt period. 1 day remaining in 2024 and the net worth is sitting at an increase of 28.69%, my 2nd best year yet (+33.54% in 2021). BOOMIN for sure. RGDS!
The whole worlds off its rocker, buy Gold™.
BOOMIN!™
Verily....
Knowledge is the enemy of fear
One 'good' thing about inflation... it inflates our net worth also!
LOL, which households?
Repetition of ignorance is ignorance raised to the power two.
Apparently yours.
Knowledge is the enemy of fear
Only if you have assets, if you have nothing you just fall further behind.
and debt puts you even further behind
Repetition of ignorance is ignorance raised to the power two.
New ATH today! ($2850+)
http://ProofCollection.Net
The futures price you quote is $50+ above the spot price.
My US Mint Commemorative Medal Set
All physical gold is worth more than spot. Spot is the price of paper futures contracts from which premiums are added for the real McCoy. As long as this formula is followed the price of physical gold really begins with bullion bankers who have repeatedly settled cases with the department of justice for price rigging.
Repetition of ignorance is ignorance raised to the power two.
For the purposes of this thread, if gold is trading in paper or physical at any widely-used quoted market price, it counts.
http://ProofCollection.Net
The gold price is $3,008.20 right now for the widely used Comex GCM2026 June 2026 contract.
My US Mint Commemorative Medal Set
Gold to decline substantially because I just bought some...
I could care less about the futures price. I live and transact my Au in the real/spot world. Looks like $2800 currently. RGDS!
The whole worlds off its rocker, buy Gold™.
BOOMIN!™
LOL. You obviously don't realize that the price of your real gold is determined by the futures price. The premiums you pay, or sell for, are simply added to the spot price. Spot price is determined by the futures market.
If you hold gold, the futures price of gold matters a whole, whole, whole lot.
Repetition of ignorance is ignorance raised to the power two.
The ATH price for gold is measured at spot price not the futures price. It really shouldn't be that hard to understand. THKS!
The whole worlds off its rocker, buy Gold™.
BOOMIN!™
Futures price of a precious metal heavily influences its spot price. Do your homework.
Repetition of ignorance is ignorance raised to the power two.
For the purposes of this thread which I started, I consider the near month futures contract price to be just as valid. The futures are used by industrial entities with very little time premium is a reliable price point.
http://ProofCollection.Net
I think it hit $4200 in $CAD tonight.
$5000 in $NZD.
20,000 in Chinese Remminbi.
Knowledge is the enemy of fear
and 0.0287 in bitcoin
in 2010 it took 10,000 bitcoin (now worth billions) to buy two pizzas. got bitcoin?
Repetition of ignorance is ignorance raised to the power two.
I will sell you two pizzas for 10,000 bitcoin.
How much is that in tulip bulbs?
Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire
Tulips are so 17th century. The smart money went to beanie babies and then rolled to Pokemon cards.
The nearest futures contract is widely quoted because (1) it's more liquid than the spot price (2) gold mining companies can hedge at that rate.
I'm seeing 180,00 contracts for April open interest but nothing for Comex 2026 June.
$2,900 on the COMEX earlier today.
$3,000 seems inevitable, you wonder how much media attention there will be. $1,000 and $2,000 milestones got drowned out by the Financial Crisis post-shock effects and Covid, respectively.
$3,000 by 2030 was clearly too conservative but I'll stick to my $5,000 by 2035 prediction.....for now.
It would have to hit $5K to make a news cycle today with so much going on. Maybe if we buy New Zealand with Gold or something like that.