GOLD AND SILVER, ECONOMIC NEWS 2019
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Our friends at zero hedge are dark too?
Liberty: Parent of Science & Industry
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We should call a National Emergency on this thread. Haha
Excuses are tools of the ignorantKnowledge is the enemy of fear
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Would this not be the same as a 1909S vdb in a 68 red selling for $100k? Afterall, its replacemnt cost is 1c and there is no guarantee that it would even be accepted as being worth 1c at the grocery store...someone might consider it fake.
What kind of rigged market is it when a cent sells for 100k? Its not like they dont make more of them. One cent has virtually no utilitarian value. Talk about a blind man wearing rose colored glasses!!
Excuses are tools of the ignorantKnowledge is the enemy of fear
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22,000,000,000,000 and growing, how much more can the camel bear? How does it continue, when does it end?
World coins FSHO Hundreds of successful BST transactions U.S. coins FSHO0 -
@cohodk said:
Would this not be the same as a 1909S vdb in a 68 red selling for $100k? Afterall, its replacemnt cost is 1c and there is no guarantee that it would even be accepted as being worth 1c at the grocery store...someone might consider it fake.
What kind of rigged market is it when a cent sells for 100k? Its not like they dont make more of them. One cent has virtually no utilitarian value. Talk about a blind man wearing rose colored glasses!!
If I can get the FED to provide me some free money, I might just buy that 100K cent. LOL. Fortunately (for collectors) the FED hasn't set its stimulus sights on the coin market.
Government is the great fiction through which everybody endeavors to live at the expense of everybody else. - Bastiat
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@derryb said:
@cohodk said:
Would this not be the same as a 1909S vdb in a 68 red selling for $100k? Afterall, its replacemnt cost is 1c and there is no guarantee that it would even be accepted as being worth 1c at the grocery store...someone might consider it fake.
What kind of rigged market is it when a cent sells for 100k? Its not like they dont make more of them. One cent has virtually no utilitarian value. Talk about a blind man wearing rose colored glasses!!
If I can get the FED to provide me some free money, I might just buy that 100K cent. LOL. Fortunately (for collectors) the FED hasn't set its stimulus sights on the coin market.
I have wondered what might happen if something other than equities were the focus of all the Fed and Federal Gov't pumping/propping/ballooning.
Every politician in D.C. is a bought off hack for Wall Street.
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@VanHalen said:
I have wondered what might happen if something other than equities were the focus of all the Fed and Federal Gov't pumping/propping/ballooning.
Every politician in D.C. is a bought off hack for Wall Street.
There would be an Eruption, and they'd be Runnin' with the Devil , and we Ain't Talkin 'bout Love! Might as well Jump
Liberty: Parent of Science & Industry
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@Baley said:
@VanHalen said:
I have wondered what might happen if something other than equities were the focus of all the Fed and Federal Gov't pumping/propping/ballooning.
Every politician in D.C. is a bought off hack for Wall Street.
There would be an Eruption, and they'd be Runnin' with the Devil , and we Ain't Talkin 'bout Love! Might as well Jump
Kind of like The Girls got Rhythm only better.
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The Fed would have liked lending back then. No one can make them lend. So the money went into the markers.
Current maintainer of Stone's Master List of Favorite Websites // My BST transactions0 -
@VanHalen said:
I have wondered what might happen if something other than equities were the focus of all the Fed and Federal Gov't pumping/propping/ballooning.
There was a time when the focus was on real estate. Dark money (low interest rates) combined with greed (liar loans and "packaged" over rated loan products) gave us 2008. We saw how that played out.
But this time it's different.
Government is the great fiction through which everybody endeavors to live at the expense of everybody else. - Bastiat
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delete
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@Baley said:
@VanHalen said:
I have wondered what might happen if something other than equities were the focus of all the Fed and Federal Gov't pumping/propping/ballooning.
Every politician in D.C. is a bought off hack for Wall Street.
There would be an Eruption, and they'd be Runnin' with the Devil , and we Ain't Talkin 'bout Love! Might as well Jump
I was thinking more like "Everybody Wants Some"
Excuses are tools of the ignorantKnowledge is the enemy of fear
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I'll Wait to retire in Panama until the price of gold is Unchained
Liberty: Parent of Science & Industry
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An Architect friend of mine once said" You know, 99% of the things I worry about never happen"
email: ccacollectibles@yahoo.com
100% Positive BST transactions0 -
Government is the great fiction through which everybody endeavors to live at the expense of everybody else. - Bastiat
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Well, at least that newsletter is free.
Derryb, do you think the FED is "truly terrified"?
Excuses are tools of the ignorantKnowledge is the enemy of fear
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The next Fed rate move will be a cut in 2020.
Signed,
Big Banker
Wall Street
New York, NYYou heard it here first.
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Indeed. I think smoe folk think this is where we are headed.
Excuses are tools of the ignorantKnowledge is the enemy of fear
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US Army Takes 50 Tons of Gold From Syria in Alleged Deal With ISIS
So, terrorist can buy their freedom with gold? And some here say it is not insurance. LOL
Government is the great fiction through which everybody endeavors to live at the expense of everybody else. - Bastiat
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"According to reports by Syrian state news agency SANA, U.S. forces struck a deal with ISIS whereby the terrorist group would give up 50 tons of gold across eastern Syria’s Deir el-Zour province in exchange for safe passage."
I hope you don't believe this b.s. published by Assad.
"Bongo drive 1984 Lincoln that looks like old coin dug from ground."0 -
@OPA said:
"According to reports by Syrian state news agency SANA, U.S. forces struck a deal with ISIS whereby the terrorist group would give up 50 tons of gold across eastern Syria’s Deir el-Zour province in exchange for safe passage."I hope you don't believe this b.s. published by Assad.
the initial source is the Syrian Observatory for Human Rights, a UK based non political organization. But then again all news is b.s. these days, right?
Government is the great fiction through which everybody endeavors to live at the expense of everybody else. - Bastiat
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the initial source is the Syrian Observatory for Human Rights, a UK based non political organization
Funny, their website does not mention any of this alleged transfer reported by Assad's newsprint.
"Bongo drive 1984 Lincoln that looks like old coin dug from ground."0 -
Government is the great fiction through which everybody endeavors to live at the expense of everybody else. - Bastiat
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Right
Anyone with force would take 50 tonnes of gold from them, not deal for it.
Current maintainer of Stone's Master List of Favorite Websites // My BST transactions2 -
@MsMorrisine said:
RightAnyone with force would take 50 tonnes of gold from them, not deal for it.
unless it took a deal to locate it.
Government is the great fiction through which everybody endeavors to live at the expense of everybody else. - Bastiat
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Justice Department stalls another class action in gold market rigging, this one against JPM
". . . suspended for three months at the request of the U.S. Justice Department, just as the department has arranged suspension of proceedings in the class-action anti-trust lawsuit against Deutsche Bank charging similar market manipulation."
It's becoming more obvious that the price fixing of PMs in the futures market is done with the blessing of Washington.
Government is the great fiction through which everybody endeavors to live at the expense of everybody else. - Bastiat
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McCain & H. Clinton had a disturbing tactic of seeing that US military weapons ended up in the hands of ISIS. I'd be interested to know how this gold transaction was negotiated, if it happened.
Q: Are You Printing Money? Bernanke: Not Literally
I knew it would happen.0 -
Government is the great fiction through which everybody endeavors to live at the expense of everybody else. - Bastiat
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That Mele was not too bright some discussion about that in a US Coin forum thread: https://forums.collectors.com/discussion/1015106/wrong-on-all-kinds-of-levels
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Government is the great fiction through which everybody endeavors to live at the expense of everybody else. - Bastiat
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Government is the great fiction through which everybody endeavors to live at the expense of everybody else. - Bastiat
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Per Martin Armstrong:
"China is smart enough that they are trying to keep the yuan from crashing against the dollar, but by selling the dollar they also do not want to buy euros or Japanese yen. With the chaos of BREXIT, the neutral political place is gold."
https://armstrongeconomics.com/markets-by-sector/precious-metals/gold/china-buying-gold-why/
Why not to trust what Jim Rickards says, an interesting commentary by Rod Kirby (starting @ 18 min or so):
Q: Are You Printing Money? Bernanke: Not Literally
I knew it would happen.0 -
Why not to trust what Jim Rickards says, an interesting commentary by Rod Kirby (starting @ 18 min or so):
Because your link takes us to some sort of search for prepping for endtimes.
Excuses are tools of the ignorantKnowledge is the enemy of fear
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your link takes us to some sort of search for prepping for endtimes
You didn't listen to the commentary, did you? Of course, Kirby's comments aren't very kind to the big banks either, which is your main concern. Correct?
oooooooohhhhhhhh……...a "prepper" website...……..boo!
Q: Are You Printing Money? Bernanke: Not Literally
I knew it would happen.0 -
Monster Box @ Apmex = 17.8% premium over spot. Pretty high now. Anybody know why?
Q: Are You Printing Money? Bernanke: Not Literally
I knew it would happen.0 -
@jmski52 said:
your link takes us to some sort of search for prepping for endtimesYou didn't listen to the commentary, did you? Of course, Kirby's comments aren't very kind to the big banks either, which is your main concern. Correct?
oooooooohhhhhhhh……...a "prepper" website...……..boo!
Your link does not go to a video.
Excuses are tools of the ignorantKnowledge is the enemy of fear
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@jmski52 said:
Monster Box @ Apmex = 17.8% premium over spot. Pretty high now. Anybody know why?Has the Mint caught up?
http://www.coinnews.net/2019/02/22/american-silver-eagle-bullion-coins-temporarily-sell-out/
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Your link does not go to a video.
Well, you got me there! Let me see what I didn't do.
Try this: Martin Armstrong blog:
https://www.armstrongeconomics.com/markets-by-sector/precious-metals/gold/china-buying-gold-why/
And this: Rob Kirby, for Jim Rickards commentary @ 18 min, but the whole video is interesting.
Q: Are You Printing Money? Bernanke: Not Literally
I knew it would happen.0 -
Has the Mint caught up?
I don't know if the Mint has caught up, but I was watching a video which suggested that the Mint running out twice before year end (in the past 6 months) may indicate supply issues. Then again, the guy I was watching is pretty well embedded in the silver (sales) industry.
That's why I asked, to see if anyone has validation one way or the other.....
Q: Are You Printing Money? Bernanke: Not Literally
I knew it would happen.0 -
"Every politician in D.C. is a bought off hack for Wall Street"
I wish, Tell that to all of the non capitalist "democratic socialist". Of course, die hard gold and silver bugs aren't really capitalist either. lol
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ASE Mint sales
2017: 18,065,500
2018: 15,700,000 (2018 PF and Unc still being sold)
2019: 8,044,000 (through Mar 19)
Might be a banner year for 2019 ASEs.
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The Big Short Doomsday Machine Is Back
"Thomson Reuters’ International Financing Review (IFR) reported this past weekend that some of the biggest names on Wall Street have returned to creating and/or trading synthetic collateralized debt obligations (Synthetic CDOs). The products were a major factor in bringing the U.S. financial system to the brink of failure in 2008."
Government is the great fiction through which everybody endeavors to live at the expense of everybody else. - Bastiat
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Excuses are tools of the ignorant
Knowledge is the enemy of fear
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The world market is expected to increase the price of gold in 2019. The forecast is based on a noticeable increase in demand for the precious metal. This is facilitated by the unstable situation in the United States, events in North Korea and new sanctions against Iran. Economic instability in the world forces investors to avoid risks in safe assets.
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Government is the great fiction through which everybody endeavors to live at the expense of everybody else. - Bastiat
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re: multiemployer union bailouts - this may be a very harsh observation, but here goes. If and when these bailouts occur, it simply means that MMT is running full bore and will continue to run full bore until reaching saturation.
What this also means is that no matter what you've set aside, no matter how hard you've worked and how diligent your planning, no matter how smart you've been and how well you've diversified or hedged your savings & retirement assets - it's all transient and subject to revaluation in a big way.
This kind of crap is what diminishes everything you've worked for, and this is what directly contributes to this unsustainable debt bubble and the inevitable loss of confidence in "the system". When over half the population, the corporations, the states and the feds can't pay the interest on their debt - it really doesn't matter how much "money" gets keystroked into existence. It's all becoming transient, i.e. - a fluid and unpredictable situation.
MMT has already given the big banks free license to run loose forever with no penalties for the bad debt still on their books. MMT gives gov.com free license to stash $trillions in hidden accounts @DoD and HUD for whatever use they deem necessary without a smidgeon of oversight.
All this free stuff for the big banks and gov.com with no accountability diminishes everything you've ever done to provide for your own security & future, no matter how well you think you've done. Kinda crazy, isn't it? Seems to justify self-sufficiency and getting completely out of debt, along with mostly hard assets.
Of course, that's been my conclusion for at least the past 13 years - so what do I know?
Q: Are You Printing Money? Bernanke: Not Literally
I knew it would happen.0
https://youtu.be/DEeRL94Rzbw
https://youtu.be/zDdZaov9FIA
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