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JPMorgan (JPM) to Deliver $4B Worth of Gold Bullion amid Tariff Fears

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  • dcarrdcarr Posts: 8,753 ✭✭✭✭✭
    edited February 14, 2025 1:17AM

    @RedneckHB said:

    @dcarr said:

    @RedneckHB said:

    @dcarr said:

    @RedneckHB said:
    Dcarr, would a Bailey Bridge be suitable for crossing the Atlantic? It is a good design being practical and modular.

    That is a stupid question.
    NO Bridge would be suitable for crossing the entire Atlantic ocean (too expensive to construct).

    It's not a stupid question because you have correctly seen the folly of applying a simple and small solution to a very large situation. Hopefully you will now see the folly of applying banking solution of a small, localized and specialized economy to a global and diverse exonony.

    Ahh...
    So you ADMIT it, that the state-run North Dakota Bank IS a solution to the (small) problem.

    Nope. I didn't state anything about a problem.

    Apparently, you are not familiar with the concept of building a small scale model first, to test the feasibility of something, and then the full-scale version after that proof-of-concept.

    The small scale model was built 200+ years ago it's evolved since then with the US and the world.

    The real "folly" is accepting financial fascism in the form of the Federal Reserve to be imposed on everyone.

    Says the guy who wants Congress control things. .

    .

    It was a "Freudian Slip" on your part. You called the state-run bank of North Dakota "a simple and small solution". Solutions only apply to problems. So, yes, you did state something about a "problem".

    The 250-year-old "model" (experiment) has been successful to some degree although it has been corrupted in the financial arena.

    At least Congress is elected (not fascist). The Federal Reserve is not elected. They use every trick and manipulation to stay in power, including the clandestine management of public opinion.

    Congress is FAR from perfect. But if it were up to you, based on your prior statements, you would "end Congress". Are you a fascist ? If Congress were eliminated, what would government look like ?

    .

  • dcarrdcarr Posts: 8,753 ✭✭✭✭✭
    edited February 14, 2025 1:38AM

    @GoldFinger1969 said:

    @jmski52 said:
    The weakest ploy in modern times is to charge someone who has a valid point as a conspiracy theorist, and these >so called "conspiracies" have more often than not turned out to be true. Provide something of note that isn't >behind a paywall.
    Better yet, audit the Fed and then dissolve it. There's no need for a quasi-governmental organization to be creating >"money" out of thin air mainly for the benefit of their private owners.

    Conspiracy guys who claim The Fed is owned by "private owners" don't know what they are talking about. :)

    The Treasury is perfectly capable of creating a currency and that would simply force Congress to be responsible for >their spending. If Congress wants to create debt by selling bonds, let the chips fall where they may as the bonds >seek their own value in a free market. Get rid of the shell game that is run by the banking cartel.

    There's no banking cartel and your lack of monetary policy expertise shows. You don't understand modern banking and you don't understand the role of credit in a modern economy.

    We're not going back to a gold standard or a modern gold standard with a "digital currency" or other nonsense.

    .

    From www.Dictionary.com:

    cartel

    [ kahr-tel ]

    noun

    1
    an international syndicate, combine, or trust formed especially to regulate prices and output in some field of business.
    Synonyms: combination, merger, monopoly

    2
    a coalition of political or special-interest groups having a common cause, as to encourage the passage of a certain law.

    .

    The Federal Reserve has member/owner banks which benefit from that association. It absolutely and perfectly fits the definition of a 'cartel".

    Charles Lindbergh once said of the formation of the Federal Reserve:

    “This [Federal Reserve Act] establishes the most gigantic trust on earth. When the President (Woodrow Wilson) signs this bill, the invisible government of the monetary power will be legalized....the worst legislative crime of the ages is perpetrated by this banking and currency bill.”

    .

  • RedneckHBRedneckHB Posts: 19,393 ✭✭✭✭✭
    edited February 14, 2025 7:24AM

    @dcarr said:

    @RedneckHB said:

    @dcarr said:

    @RedneckHB said:

    @dcarr said:

    @RedneckHB said:
    Dcarr, would a Bailey Bridge be suitable for crossing the Atlantic? It is a good design being practical and modular.

    That is a stupid question.
    NO Bridge would be suitable for crossing the entire Atlantic ocean (too expensive to construct).

    It's not a stupid question because you have correctly seen the folly of applying a simple and small solution to a very large situation. Hopefully you will now see the folly of applying banking solution of a small, localized and specialized economy to a global and diverse exonony.

    Ahh...
    So you ADMIT it, that the state-run North Dakota Bank IS a solution to the (small) problem.

    Nope. I didn't state anything about a problem.

    Apparently, you are not familiar with the concept of building a small scale model first, to test the feasibility of something, and then the full-scale version after that proof-of-concept.

    The small scale model was built 200+ years ago it's evolved since then with the US and the world.

    The real "folly" is accepting financial fascism in the form of the Federal Reserve to be imposed on everyone.

    Says the guy who wants Congress control things. .

    .

    It was a "Freudian Slip" on your part. You called the state-run bank of North Dakota "a simple and small solution". Solutions only apply to problems. So, yes, you did state something about a "problem".

    I don't slip. Not do i wear them. Do you? But here are a few examples of "solutions" that do not pertain to "problems"....
    Recent Examples on the Web
    Examples are automatically compiled from online sources to show current usage. Read More
    As women’s health advocates and policymakers work to implement more comprehensive wellness solutions, Florida businesses have a unique opportunity to take proactive steps in supporting expecting employees.
    —Rebecca L. Palmer, Orlando Sentinel, 8 Feb. 2025
    Sitting back and inviting pressure, with an attack-minded squad weak in one-vs-one duels, does not appear to be a valid solution to Madrid’s issues.
    —Thom Harris, The Athletic, 8 Feb. 2025
    Ahead of the summit, the United States warned of possible sanctions against Rwandan and Congolese officials, further raising the stakes for finding a solution to a conflict that is rooted in the long fallout from the 1994 Rwandan genocide and the struggle for control of Congo’s mineral resources.
    —Reuters, CNN, 8 Feb. 2025
    The situation is particularly frustrating for the poster because her mother-in-law offers no alternative solutions beyond her critique.
    —Ashley Vega, People.com, 7 Feb. 2025

    The 250-year-old "model" (experiment) has been successful to some degree although it has been corrupted in the financial arena.

    At least Congress is elected (not fascist). The Federal Reserve is not elected. They use every trick and manipulation to stay in power, including the clandestine management of public opinion.

    Congress is FAR from perfect. But if it were up to you, based on your prior statements, you would "end Congress". Are you a fascist ? If Congress were eliminated, what would government look like ?

    .

    A Govt for the People, by the People. You against that?

    BtW--you've advocated for bigger govt with more control, are you a communist?

  • jmski52jmski52 Posts: 23,046 ✭✭✭✭✭

    The way people react to fear and predictions of bad times is to buy gold for security, especialy if people feel the value of the dollar is in peril.

    For the past 2 years the BRICS and many other countries' central banks have been on a gold-buying binge in record amounts. The reason that the value of the dollar is in peril is because of the extraordinary money printing since 2020 of more than $8 trillion and the wasteful spending that has already taken place.

  • RedneckHBRedneckHB Posts: 19,393 ✭✭✭✭✭

    .

    @jmski52 said:
    The way people react to fear and predictions of bad times is to buy gold for security, especialy if people feel the value of the dollar is in peril.

    .....the extraordinary money printing since 2020 of more than $8 trillion and the wasteful spending that has already taken place.

    I think you meant $16 trillion since 2017.

  • derrybderryb Posts: 37,265 ✭✭✭✭✭

    @RedneckHB said:
    .

    @jmski52 said:
    The way people react to fear and predictions of bad times is to buy gold for security, especialy if people feel the value of the dollar is in peril.

    .....the extraordinary money printing since 2020 of more than $8 trillion and the wasteful spending that has already taken place.

    I think you meant $16 trillion since 2017.

    The gift that keeps on giving.

    Gold has a world price entirely unaffected by accounting games between the Treasury and the Fed. - Jim Rickards

  • dcarrdcarr Posts: 8,753 ✭✭✭✭✭

    @RedneckHB said:

    @dcarr said:

    @RedneckHB said:

    @dcarr said:

    @RedneckHB said:

    @dcarr said:

    @RedneckHB said:
    Dcarr, would a Bailey Bridge be suitable for crossing the Atlantic? It is a good design being practical and modular.

    That is a stupid question.
    NO Bridge would be suitable for crossing the entire Atlantic ocean (too expensive to construct).

    It's not a stupid question because you have correctly seen the folly of applying a simple and small solution to a very large situation. Hopefully you will now see the folly of applying banking solution of a small, localized and specialized economy to a global and diverse exonony.

    Ahh...
    So you ADMIT it, that the state-run North Dakota Bank IS a solution to the (small) problem.

    Nope. I didn't state anything about a problem.

    Apparently, you are not familiar with the concept of building a small scale model first, to test the feasibility of something, and then the full-scale version after that proof-of-concept.

    The small scale model was built 200+ years ago it's evolved since then with the US and the world.

    The real "folly" is accepting financial fascism in the form of the Federal Reserve to be imposed on everyone.

    Says the guy who wants Congress control things. .

    .

    It was a "Freudian Slip" on your part. You called the state-run bank of North Dakota "a simple and small solution". Solutions only apply to problems. So, yes, you did state something about a "problem".

    I don't slip. Not do i wear them. Do you? But here are a few examples of "solutions" that do not pertain to "problems"....
    Recent Examples on the Web
    Examples are automatically compiled from online sources to show current usage. Read More
    As women’s health advocates and policymakers work to implement more comprehensive wellness solutions, Florida businesses have a unique opportunity to take proactive steps in supporting expecting employees.
    —Rebecca L. Palmer, Orlando Sentinel, 8 Feb. 2025
    Sitting back and inviting pressure, with an attack-minded squad weak in one-vs-one duels, does not appear to be a valid solution to Madrid’s issues.
    —Thom Harris, The Athletic, 8 Feb. 2025
    Ahead of the summit, the United States warned of possible sanctions against Rwandan and Congolese officials, further raising the stakes for finding a solution to a conflict that is rooted in the long fallout from the 1994 Rwandan genocide and the struggle for control of Congo’s mineral resources.
    —Reuters, CNN, 8 Feb. 2025
    The situation is particularly frustrating for the poster because her mother-in-law offers no alternative solutions beyond her critique.
    —Ashley Vega, People.com, 7 Feb. 2025

    The 250-year-old "model" (experiment) has been successful to some degree although it has been corrupted in the financial arena.

    At least Congress is elected (not fascist). The Federal Reserve is not elected. They use every trick and manipulation to stay in power, including the clandestine management of public opinion.

    Congress is FAR from perfect. But if it were up to you, based on your prior statements, you would "end Congress". Are you a fascist ? If Congress were eliminated, what would government look like ?

    .

    A Govt for the People, by the People. You against that?

    BtW--you've advocated for bigger govt with more control, are you a communist?

    .

    You called the state-run bank of North Dakota "a simple and small solution".
    And now you are really off the rails with this odd set of unrelated news quotes.

    I have never advocated for a bigger government. I have advocated for nationalization of the central bank, a streamlined monetary system with a US Treasury Digital Currency to replace income taxes (and 87,000 IRS agents), and free enterprise with no bailouts for everything else. I hate communism and socialism.

    You, on the other hand, want to eliminate Congress. You state that eliminating Congress would result in a "government of the people, by the people". So think about what the government would look like without a Legislative branch. The Executive branch and the President would rule entirely. That sounds like Russia. So it seems that you have confirmed that you really are fascist ?

  • blitzdudeblitzdude Posts: 6,235 ✭✭✭✭✭
    edited February 14, 2025 2:49PM

    @RedneckHB said:
    .

    @jmski52 said:
    The way people react to fear and predictions of bad times is to buy gold for security, especialy if people feel the value of the dollar is in peril.

    .....the extraordinary money printing since 2020 of more than $8 trillion and the wasteful spending that has already taken place.

    I think you meant $16 trillion since 2017.

    Perhaps he has a case of the orange-nesia or orangeitis? :smiley: RGDS!

  • derrybderryb Posts: 37,265 ✭✭✭✭✭

    @blitzdude said:

    @RedneckHB said:
    .

    @jmski52 said:
    The way people react to fear and predictions of bad times is to buy gold for security, especialy if people feel the value of the dollar is in peril.

    .....the extraordinary money printing since 2020 of more than $8 trillion and the wasteful spending that has already taken place.

    I think you meant $16 trillion since 2017.

    Perhaps he has a case of the orange-nesia or orangeitis? :smiley: RGDS!

    your chicken starting to look orange

    Gold has a world price entirely unaffected by accounting games between the Treasury and the Fed. - Jim Rickards

  • blitzdudeblitzdude Posts: 6,235 ✭✭✭✭✭

    @derryb said:

    @blitzdude said:

    @RedneckHB said:
    .

    @jmski52 said:
    The way people react to fear and predictions of bad times is to buy gold for security, especialy if people feel the value of the dollar is in peril.

    .....the extraordinary money printing since 2020 of more than $8 trillion and the wasteful spending that has already taken place.

    I think you meant $16 trillion since 2017.

    Perhaps he has a case of the orange-nesia or orangeitis? :smiley: RGDS!

    your chicken starting to look orange

    I don't know about orange but i can't keep those eggs in stock. Might be time to expand the flock. RGDS!

  • sm_deltasm_delta Posts: 43 ✭✭
    edited February 14, 2025 5:56PM

    When I started this discussion, I was primarily interested in getting input on the gold futures market. I got input on much more. Thanks everyone for your discussion.

    I'm still learning more about Comex gold furures. These links might be interesting if you are learning more details on gold delivery. Gold can be delivered in NY, DE, or Hong Kong at any day during the delivery month. Details about the process and acceptable forms of gold are given in the PowerPoint linked below.

    https://www.cmegroup.com/trading/metals/files/precious-metals-delivery-process.pdf

    Besides 100 oz contracts, Comex also offers 10 oz and 1 oz contracts.

    Warehouses and Inventories are updated daily in the following Excel spreadsheet.

    https://www.cmegroup.com/delivery_reports/Gold_Stocks.xls

    Note that JPM is one of the warehouses.

    As for whether JPM actually took delivery, if they did, it is not accounted for in their own inventory. The delivery should have been 30 million ounces. JPM vaults have less than 11.45 million total. Perhaps it was delivered elsewhere or not at all. Or perhaps, the original article was bogus. Only JPM knows for certain.

    Any corrections, comments, or more information are appreciated.

  • blitzdudeblitzdude Posts: 6,235 ✭✭✭✭✭

    I do the GLD, not sure bout them comex/jpm contracts. RGDS!

  • blitzdudeblitzdude Posts: 6,235 ✭✭✭✭✭

    And P.S. considering the source of the article in the OP that should tell u all u need to no. FaKe NeWz! THKS!!

  • RedneckHBRedneckHB Posts: 19,393 ✭✭✭✭✭

    @dcarr said:

    @RedneckHB said:

    @dcarr said:

    @RedneckHB said:

    @dcarr said:

    @RedneckHB said:

    @dcarr said:

    @RedneckHB said:
    Dcarr, would a Bailey Bridge be suitable for crossing the Atlantic? It is a good design being practical and modular.

    That is a stupid question.
    NO Bridge would be suitable for crossing the entire Atlantic ocean (too expensive to construct).

    It's not a stupid question because you have correctly seen the folly of applying a simple and small solution to a very large situation. Hopefully you will now see the folly of applying banking solution of a small, localized and specialized economy to a global and diverse exonony.

    Ahh...
    So you ADMIT it, that the state-run North Dakota Bank IS a solution to the (small) problem.

    Nope. I didn't state anything about a problem.

    Apparently, you are not familiar with the concept of building a small scale model first, to test the feasibility of something, and then the full-scale version after that proof-of-concept.

    The small scale model was built 200+ years ago it's evolved since then with the US and the world.

    The real "folly" is accepting financial fascism in the form of the Federal Reserve to be imposed on everyone.

    Says the guy who wants Congress control things. .

    .

    It was a "Freudian Slip" on your part. You called the state-run bank of North Dakota "a simple and small solution". Solutions only apply to problems. So, yes, you did state something about a "problem".

    I don't slip. Not do i wear them. Do you? But here are a few examples of "solutions" that do not pertain to "problems"....
    Recent Examples on the Web
    Examples are automatically compiled from online sources to show current usage. Read More
    As women’s health advocates and policymakers work to implement more comprehensive wellness solutions, Florida businesses have a unique opportunity to take proactive steps in supporting expecting employees.
    —Rebecca L. Palmer, Orlando Sentinel, 8 Feb. 2025
    Sitting back and inviting pressure, with an attack-minded squad weak in one-vs-one duels, does not appear to be a valid solution to Madrid’s issues.
    —Thom Harris, The Athletic, 8 Feb. 2025
    Ahead of the summit, the United States warned of possible sanctions against Rwandan and Congolese officials, further raising the stakes for finding a solution to a conflict that is rooted in the long fallout from the 1994 Rwandan genocide and the struggle for control of Congo’s mineral resources.
    —Reuters, CNN, 8 Feb. 2025
    The situation is particularly frustrating for the poster because her mother-in-law offers no alternative solutions beyond her critique.
    —Ashley Vega, People.com, 7 Feb. 2025

    The 250-year-old "model" (experiment) has been successful to some degree although it has been corrupted in the financial arena.

    At least Congress is elected (not fascist). The Federal Reserve is not elected. They use every trick and manipulation to stay in power, including the clandestine management of public opinion.

    Congress is FAR from perfect. But if it were up to you, based on your prior statements, you would "end Congress". Are you a fascist ? If Congress were eliminated, what would government look like ?

    .

    A Govt for the People, by the People. You against that?

    BtW--you've advocated for bigger govt with more control, are you a communist?

    .

    You called the state-run bank of North Dakota "a simple and small solution".
    And now you are really off the rails with this odd set of unrelated news quotes.

    I have never advocated for a bigger government. I have advocated for nationalization of the central bank, a streamlined monetary system with a US Treasury Digital Currency to replace income taxes (and 87,000 IRS agents), and free enterprise with no bailouts for everything else. I hate communism and socialism.

    You, on the other hand, want to eliminate Congress. You state that eliminating Congress would result in a "government of the people, by the people". So think about what the government would look like without a Legislative branch. The Executive branch and the President would rule entirely. That sounds like Russia. So it seems that you have confirmed that you really are fascist

    Do the people have a voice now?

    I'm a RedneckHBist.

  • GoldFinger1969GoldFinger1969 Posts: 2,257 ✭✭✭✭✭

    @dcarr said:
    The Federal Reserve has member/owner banks which benefit from that association. It absolutely and perfectly fits >the definition of a 'cartel".

    Well, I guess you and a few others on these forums are a "cartel." :D Sorry, thousands of banks owning "stock" in the Fed is not a cartel.

    https://www.federalreserve.gov/faqs/about_14986.htm

    Charles Lindbergh once said of the formation of the Federal Reserve:
    This [Federal Reserve Act] establishes the most gigantic trust on earth. When the President (Woodrow Wilson) signs >this bill, the invisible government of the monetary power will be legalized....the worst legislative crime of the ages is >perpetrated by this banking and currency bill.”

    I guess Chuck wasn't too affected by the Panic of 1907 or 1893.

    I didn't know he was a banking expert, I thought he flew planes....... :)

  • dcarrdcarr Posts: 8,753 ✭✭✭✭✭

    @GoldFinger1969 said:

    @dcarr said:
    The Federal Reserve has member/owner banks which benefit from that association. It absolutely and perfectly fits >the definition of a 'cartel".

    Well, I guess you and a few others on these forums are a "cartel." :D Sorry, thousands of banks owning "stock" in the Fed is not a cartel.

    https://www.federalreserve.gov/faqs/about_14986.htm

    Charles Lindbergh once said of the formation of the Federal Reserve:
    This [Federal Reserve Act] establishes the most gigantic trust on earth. When the President (Woodrow Wilson) signs >this bill, the invisible government of the monetary power will be legalized....the worst legislative crime of the ages is >perpetrated by this banking and currency bill.”

    I guess Chuck wasn't too affected by the Panic of 1907 or 1893.

    I didn't know he was a banking expert, I thought he flew planes....... :)

    .

    Lindbergh had his faults, but belittlement of the messenger doesn't invalidate the message.

    Lindbergh was born in 1902. So no, he was not really affected by the "panic" of 1893.

    The "panics" of 1893 and 1907 mostly affected railroads and silver mining interests (1893) and over-leveraged bankers (1907). The latter was actually caused by said bankers.

    .

  • dcarrdcarr Posts: 8,753 ✭✭✭✭✭

    @RedneckHB said:

    @dcarr said:

    @RedneckHB said:

    @dcarr said:

    @RedneckHB said:

    @dcarr said:

    @RedneckHB said:

    @dcarr said:

    @RedneckHB said:
    Dcarr, would a Bailey Bridge be suitable for crossing the Atlantic? It is a good design being practical and modular.

    That is a stupid question.
    NO Bridge would be suitable for crossing the entire Atlantic ocean (too expensive to construct).

    It's not a stupid question because you have correctly seen the folly of applying a simple and small solution to a very large situation. Hopefully you will now see the folly of applying banking solution of a small, localized and specialized economy to a global and diverse exonony.

    Ahh...
    So you ADMIT it, that the state-run North Dakota Bank IS a solution to the (small) problem.

    Nope. I didn't state anything about a problem.

    Apparently, you are not familiar with the concept of building a small scale model first, to test the feasibility of something, and then the full-scale version after that proof-of-concept.

    The small scale model was built 200+ years ago it's evolved since then with the US and the world.

    The real "folly" is accepting financial fascism in the form of the Federal Reserve to be imposed on everyone.

    Says the guy who wants Congress control things. .

    .

    It was a "Freudian Slip" on your part. You called the state-run bank of North Dakota "a simple and small solution". Solutions only apply to problems. So, yes, you did state something about a "problem".

    I don't slip. Not do i wear them. Do you? But here are a few examples of "solutions" that do not pertain to "problems"....
    Recent Examples on the Web
    Examples are automatically compiled from online sources to show current usage. Read More
    As women’s health advocates and policymakers work to implement more comprehensive wellness solutions, Florida businesses have a unique opportunity to take proactive steps in supporting expecting employees.
    —Rebecca L. Palmer, Orlando Sentinel, 8 Feb. 2025
    Sitting back and inviting pressure, with an attack-minded squad weak in one-vs-one duels, does not appear to be a valid solution to Madrid’s issues.
    —Thom Harris, The Athletic, 8 Feb. 2025
    Ahead of the summit, the United States warned of possible sanctions against Rwandan and Congolese officials, further raising the stakes for finding a solution to a conflict that is rooted in the long fallout from the 1994 Rwandan genocide and the struggle for control of Congo’s mineral resources.
    —Reuters, CNN, 8 Feb. 2025
    The situation is particularly frustrating for the poster because her mother-in-law offers no alternative solutions beyond her critique.
    —Ashley Vega, People.com, 7 Feb. 2025

    The 250-year-old "model" (experiment) has been successful to some degree although it has been corrupted in the financial arena.

    At least Congress is elected (not fascist). The Federal Reserve is not elected. They use every trick and manipulation to stay in power, including the clandestine management of public opinion.

    Congress is FAR from perfect. But if it were up to you, based on your prior statements, you would "end Congress". Are you a fascist ? If Congress were eliminated, what would government look like ?

    .

    A Govt for the People, by the People. You against that?

    BtW--you've advocated for bigger govt with more control, are you a communist?

    .

    You called the state-run bank of North Dakota "a simple and small solution".
    And now you are really off the rails with this odd set of unrelated news quotes.

    I have never advocated for a bigger government. I have advocated for nationalization of the central bank, a streamlined monetary system with a US Treasury Digital Currency to replace income taxes (and 87,000 IRS agents), and free enterprise with no bailouts for everything else. I hate communism and socialism.

    You, on the other hand, want to eliminate Congress. You state that eliminating Congress would result in a "government of the people, by the people". So think about what the government would look like without a Legislative branch. The Executive branch and the President would rule entirely. That sounds like Russia. So it seems that you have confirmed that you really are fascist

    Do the people have a voice now?

    I'm a RedneckHBist.

    .

    I'm not hearing a "no" (to the fascist question).

    The people have somewhat of a "voice". But the general public is too stupid and distracted to formulate any meaningful action.

    .

  • RedneckHBRedneckHB Posts: 19,393 ✭✭✭✭✭

    @dcarr said:
    The people have somewhat of a "voice". But the general public is too stupid and distracted to formulate any meaningful action.

    .

    I think.you just said, "we are weak".

  • dcarrdcarr Posts: 8,753 ✭✭✭✭✭

    @RedneckHB said:

    @dcarr said:
    The people have somewhat of a "voice". But the general public is too stupid and distracted to formulate any meaningful action.

    .

    I think.you just said, "we are weak".

    .

    You say "weak", I say "stupid". Some subset of the population is both. But there is a lot more stupidity than weakness out there.

    The part of your statement that is wrong is the "we" part.

    .

  • RedneckHBRedneckHB Posts: 19,393 ✭✭✭✭✭

    @dcarr said:

    @RedneckHB said:

    @dcarr said:
    The people have somewhat of a "voice". But the general public is too stupid and distracted to formulate any meaningful action.

    .

    I think.you just said, "we are weak".

    .

    You say "weak", I say "stupid". Some subset of the population is both. But there is a lot more stupidity than weakness out there.

    The part of your statement that is wrong is the "we" part.

    .

    Nope.

    Now maybe you'd like the bring this train wreck of a thread that you derailed back on topic.

  • derrybderryb Posts: 37,265 ✭✭✭✭✭

    @RedneckHB said:

    @dcarr said:

    @RedneckHB said:

    @dcarr said:
    The people have somewhat of a "voice". But the general public is too stupid and distracted to formulate any meaningful action.

    .

    I think.you just said, "we are weak".

    .

    You say "weak", I say "stupid". Some subset of the population is both. But there is a lot more stupidity than weakness out there.

    The part of your statement that is wrong is the "we" part.

    .

    Nope.

    Now maybe you'd like the bring this train wreck of a thread that you derailed back on topic.

    When are you ever going to talk about PMs. Your BS get very tiring.

    Gold has a world price entirely unaffected by accounting games between the Treasury and the Fed. - Jim Rickards

  • blitzdudeblitzdude Posts: 6,235 ✭✭✭✭✭

    @derryb said:

    @RedneckHB said:

    @dcarr said:

    @RedneckHB said:

    @dcarr said:
    The people have somewhat of a "voice". But the general public is too stupid and distracted to formulate any meaningful action.

    .

    I think.you just said, "we are weak".

    .

    You say "weak", I say "stupid". Some subset of the population is both. But there is a lot more stupidity than weakness out there.

    The part of your statement that is wrong is the "we" part.

    .

    Nope.

    Now maybe you'd like the bring this train wreck of a thread that you derailed back on topic.

    When are you ever going to talk about PMs. Your BS get very tiring.

    Gold brother. Get some. RGDS! P.S. I believe "^^we^^" are both Weak and Stupid. THKS!

  • dcarrdcarr Posts: 8,753 ✭✭✭✭✭

    @RedneckHB said:

    @dcarr said:

    @RedneckHB said:

    @dcarr said:
    The people have somewhat of a "voice". But the general public is too stupid and distracted to formulate any meaningful action.

    .

    I think.you just said, "we are weak".

    .

    You say "weak", I say "stupid". Some subset of the population is both. But there is a lot more stupidity than weakness out there.

    The part of your statement that is wrong is the "we" part.

    .

    Nope.

    Now maybe you'd like the bring this train wreck of a thread that you derailed back on topic.

    .

    Hey @blitzdude , please tell this creepy clown face that they should step out of the shadowy doom closet and into the sunshine.

    .

  • blitzdudeblitzdude Posts: 6,235 ✭✭✭✭✭

    @dcarr said:

    @RedneckHB said:

    @dcarr said:

    @RedneckHB said:

    @dcarr said:
    The people have somewhat of a "voice". But the general public is too stupid and distracted to formulate any meaningful action.

    .

    I think.you just said, "we are weak".

    .

    You say "weak", I say "stupid". Some subset of the population is both. But there is a lot more stupidity than weakness out there.

    The part of your statement that is wrong is the "we" part.

    .

    Nope.

    Now maybe you'd like the bring this train wreck of a thread that you derailed back on topic.

    .

    Hey @blitzdude , please tell this creepy clown face that they should step out of the shadowy doom closet and into the sunshine.

    .

    No need to tell @cohodk anything. He's been Livin' out here in gods country and enjoying the world just as it was meant to be. I believe he is already getting plenty of sunshine and fresh air. You're in Colorado for cripes sakes, I'd recommend you do the same. RGDS!

  • dcarrdcarr Posts: 8,753 ✭✭✭✭✭
    edited February 16, 2025 1:39AM

    @blitzdude said:

    @dcarr said:

    @RedneckHB said:

    @dcarr said:

    @RedneckHB said:

    @dcarr said:
    The people have somewhat of a "voice". But the general public is too stupid and distracted to formulate any meaningful action.

    .

    I think.you just said, "we are weak".

    .

    You say "weak", I say "stupid". Some subset of the population is both. But there is a lot more stupidity than weakness out there.

    The part of your statement that is wrong is the "we" part.

    .

    Nope.

    Now maybe you'd like the bring this train wreck of a thread that you derailed back on topic.

    .

    Hey @blitzdude , please tell this creepy clown face that they should step out of the shadowy doom closet and into the sunshine.

    .

    No need to tell @cohodk anything. He's been Livin' out here in gods country and enjoying the world just as it was meant to be. I believe he is already getting plenty of sunshine and fresh air. You're in Colorado for cripes sakes, I'd recommend you do the same. RGDS!

    .

    Hiding behind a creepy mask and an anonymous keyboard, a private profile, and a refusal to disclose their credentials and work experience - this is not someone who wants to see the light of day.

    Stop hiding and come out of the doom closet and into the "sunshine".

    .

  • blitzdudeblitzdude Posts: 6,235 ✭✭✭✭✭

    @dcarr said:

    @blitzdude said:

    @dcarr said:

    @RedneckHB said:

    @dcarr said:

    @RedneckHB said:

    @dcarr said:
    The people have somewhat of a "voice". But the general public is too stupid and distracted to formulate any meaningful action.

    .

    I think.you just said, "we are weak".

    .

    You say "weak", I say "stupid". Some subset of the population is both. But there is a lot more stupidity than weakness out there.

    The part of your statement that is wrong is the "we" part.

    .

    Nope.

    Now maybe you'd like the bring this train wreck of a thread that you derailed back on topic.

    .

    Hey @blitzdude , please tell this creepy clown face that they should step out of the shadowy doom closet and into the sunshine.

    .

    No need to tell @cohodk anything. He's been Livin' out here in gods country and enjoying the world just as it was meant to be. I believe he is already getting plenty of sunshine and fresh air. You're in Colorado for cripes sakes, I'd recommend you do the same. RGDS!

    .

    Hiding behind a creepy mask and an anonymous keyboard, a private profile, and a refusal to disclose their credentials and work experience - this is not someone who wants to see the light of day.

    Stop hiding and come out of the doom closet and into the "sunshine".

    .

    I don't think anyone is hiding. I will note however that anonymity is fairly common in a place such as a precious metals internet forum.

    We got bunker dwellers who are paranoid that the gooberment is conspiring to come take all their little shiny trinkets away, people concerned with their personal security, i.e. thugs and thieves stalking them out for future home invasions etc. Most people are not concerned about these things but remaining somewhat low key is certainly not a bad thing. RGDS!

  • RedneckHBRedneckHB Posts: 19,393 ✭✭✭✭✭

    @dcarr said:

    @RedneckHB said:

    @dcarr said:

    @RedneckHB said:

    @dcarr said:
    The people have somewhat of a "voice". But the general public is too stupid and distracted to formulate any meaningful action.

    .

    I think.you just said, "we are weak".

    .

    You say "weak", I say "stupid". Some subset of the population is both. But there is a lot more stupidity than weakness out there.

    The part of your statement that is wrong is the "we" part.

    .

    Nope.

    Now maybe you'd like the bring this train wreck of a thread that you derailed back on topic.

    .

    Hey @blitzdude , please tell this creepy clown face that they should step out of the shadowy doom closet and into the sunshine.

    .

    Sun shines brightly here. Visibility is extraordinary. All things seen.

  • RedneckHBRedneckHB Posts: 19,393 ✭✭✭✭✭
    edited February 16, 2025 8:00AM

    @dcarr said:

    @blitzdude said:

    @dcarr said:

    @RedneckHB said:

    @dcarr said:

    @RedneckHB said:

    @dcarr said:
    The people have somewhat of a "voice". But the general public is too stupid and distracted to formulate any meaningful action.

    .

    I think.you just said, "we are weak".

    .

    You say "weak", I say "stupid". Some subset of the population is both. But there is a lot more stupidity than weakness out there.

    The part of your statement that is wrong is the "we" part.

    .

    Nope.

    Now maybe you'd like the bring this train wreck of a thread that you derailed back on topic.

    .

    Hey @blitzdude , please tell this creepy clown face that they should step out of the shadowy doom closet and into the sunshine.

    .

    No need to tell @cohodk anything. He's been Livin' out here in gods country and enjoying the world just as it was meant to be. I believe he is already getting plenty of sunshine and fresh air. You're in Colorado for cripes sakes, I'd recommend you do the same. RGDS!

    .

    Hiding behind a creepy mask and an anonymous keyboard, a private profile, and a refusal to disclose their credentials and work experience - this is not someone who wants to see the light of day.

    Stop hiding and come out of the doom closet and into the "sunshine".

    .

    Your obsession with me is what's creepy.

    BTW--youre an engineer and therefore have no credulity in discussing anything other than engineering. No comment from you regarding monetary policy, international relations, history, banking regulations, constitutional relevance or anything other than engineering is to be considered as an informed reasoned, logical and intellectual opinion. Isn't that how you want this to work?

    BTW2...it's a special kind of bigot that values one's comment on the basis of their appearance.

  • RedneckHBRedneckHB Posts: 19,393 ✭✭✭✭✭
    edited February 16, 2025 8:38AM

    @derryb said:

    @RedneckHB said:

    @dcarr said:

    @RedneckHB said:

    @dcarr said:
    The people have somewhat of a "voice". But the general public is too stupid and distracted to formulate any meaningful action.

    .

    I think.you just said, "we are weak".

    .

    You say "weak", I say "stupid". Some subset of the population is both. But there is a lot more stupidity than weakness out there.

    The part of your statement that is wrong is the "we" part.

    .

    Nope.

    Now maybe you'd like the bring this train wreck of a thread that you derailed back on topic.

    When are you ever going to talk about PMs. Your BS get very tiring.

    Nice country we live in when ones dissenting (reasoned, rational, and logical) opinion is considered BS.

    Here's your PM discussion....went to the local jewelry shop for a quote on some 14k scrap. Was offered 78% of spot.

  • dcarrdcarr Posts: 8,753 ✭✭✭✭✭
    edited February 16, 2025 12:13PM

    @RedneckHB said:

    @dcarr said:

    @blitzdude said:

    @dcarr said:

    @RedneckHB said:

    @dcarr said:

    @RedneckHB said:

    @dcarr said:
    The people have somewhat of a "voice". But the general public is too stupid and distracted to formulate any meaningful action.

    .

    I think.you just said, "we are weak".

    .

    You say "weak", I say "stupid". Some subset of the population is both. But there is a lot more stupidity than weakness out there.

    The part of your statement that is wrong is the "we" part.

    .

    Nope.

    Now maybe you'd like the bring this train wreck of a thread that you derailed back on topic.

    .

    Hey @blitzdude , please tell this creepy clown face that they should step out of the shadowy doom closet and into the sunshine.

    .

    No need to tell @cohodk anything. He's been Livin' out here in gods country and enjoying the world just as it was meant to be. I believe he is already getting plenty of sunshine and fresh air. You're in Colorado for cripes sakes, I'd recommend you do the same. RGDS!

    .

    Hiding behind a creepy mask and an anonymous keyboard, a private profile, and a refusal to disclose their credentials and work experience - this is not someone who wants to see the light of day.

    Stop hiding and come out of the doom closet and into the "sunshine".

    .

    Your obsession with me is what's creepy.

    BTW--youre an engineer and therefore have no credulity in discussing anything other than engineering. No comment from you regarding monetary policy, international relations, history, banking regulations, constitutional relevance or anything other than engineering is to be considered as an informed reasoned, logical and intellectual opinion. Isn't that how you want this to work?

    BTW2...it's a special kind of bigot that values one's comment on the basis of their appearance.

    .

    People know this about me, so if I post anything that is financially-related they can take my background into account.

    On the other hand, you have no credentials for anything and have not denied being fascist. For all anybody knows, you could be an anonymous spokesperson for banking interests, for the purpose of disrupting alternative discussions and thought.

    That ugly clown-face mask isn't going to win anyone over. Try wearing it into a local quick-mart - I don't think anyone there would be favorably impressed. The clerk might even press the "panic' button to summon the authorities.

    PS:
    At the university I attended, most of the Engineering School dropouts went over to the Business School.
    My major was within the Mechanical Engineering Department, but it was technically called "Engineering Design and Economic Evaluation".

    .

  • RedneckHBRedneckHB Posts: 19,393 ✭✭✭✭✭

    @dcarr said:

    @RedneckHB said:

    @dcarr said:

    @blitzdude said:

    @dcarr said:

    @RedneckHB said:

    @dcarr said:

    @RedneckHB said:

    @dcarr said:
    The people have somewhat of a "voice". But the general public is too stupid and distracted to formulate any meaningful action.

    .

    I think.you just said, "we are weak".

    .

    You say "weak", I say "stupid". Some subset of the population is both. But there is a lot more stupidity than weakness out there.

    The part of your statement that is wrong is the "we" part.

    .

    Nope.

    Now maybe you'd like the bring this train wreck of a thread that you derailed back on topic.

    .

    Hey @blitzdude , please tell this creepy clown face that they should step out of the shadowy doom closet and into the sunshine.

    .

    No need to tell @cohodk anything. He's been Livin' out here in gods country and enjoying the world just as it was meant to be. I believe he is already getting plenty of sunshine and fresh air. You're in Colorado for cripes sakes, I'd recommend you do the same. RGDS!

    .

    Hiding behind a creepy mask and an anonymous keyboard, a private profile, and a refusal to disclose their credentials and work experience - this is not someone who wants to see the light of day.

    Stop hiding and come out of the doom closet and into the "sunshine".

    .

    Your obsession with me is what's creepy.

    BTW--youre an engineer and therefore have no credulity in discussing anything other than engineering. No comment from you regarding monetary policy, international relations, history, banking regulations, constitutional relevance or anything other than engineering is to be considered as an informed reasoned, logical and intellectual opinion. Isn't that how you want this to work?

    BTW2...it's a special kind of bigot that values one's comment on the basis of their appearance.

    .

    People know this about me, so if I post anything that is financially-related they can take my background into account.

    So if one does not know your background then your comments should be considered biased and disruptive?

  • dcarrdcarr Posts: 8,753 ✭✭✭✭✭

    @RedneckHB said:

    @dcarr said:

    @RedneckHB said:

    @dcarr said:

    @blitzdude said:

    @dcarr said:

    @RedneckHB said:

    @dcarr said:

    @RedneckHB said:

    @dcarr said:
    The people have somewhat of a "voice". But the general public is too stupid and distracted to formulate any meaningful action.

    .

    I think.you just said, "we are weak".

    .

    You say "weak", I say "stupid". Some subset of the population is both. But there is a lot more stupidity than weakness out there.

    The part of your statement that is wrong is the "we" part.

    .

    Nope.

    Now maybe you'd like the bring this train wreck of a thread that you derailed back on topic.

    .

    Hey @blitzdude , please tell this creepy clown face that they should step out of the shadowy doom closet and into the sunshine.

    .

    No need to tell @cohodk anything. He's been Livin' out here in gods country and enjoying the world just as it was meant to be. I believe he is already getting plenty of sunshine and fresh air. You're in Colorado for cripes sakes, I'd recommend you do the same. RGDS!

    .

    Hiding behind a creepy mask and an anonymous keyboard, a private profile, and a refusal to disclose their credentials and work experience - this is not someone who wants to see the light of day.

    Stop hiding and come out of the doom closet and into the "sunshine".

    .

    Your obsession with me is what's creepy.

    BTW--youre an engineer and therefore have no credulity in discussing anything other than engineering. No comment from you regarding monetary policy, international relations, history, banking regulations, constitutional relevance or anything other than engineering is to be considered as an informed reasoned, logical and intellectual opinion. Isn't that how you want this to work?

    BTW2...it's a special kind of bigot that values one's comment on the basis of their appearance.

    .

    People know this about me, so if I post anything that is financially-related they can take my background into account.

    So if one does not know your background then your comments should be considered biased and disruptive?

    .

    I consider yours to be.

    If you want to be taken seriously as a financial commentator, then state your credentials.

    .

  • RedneckHBRedneckHB Posts: 19,393 ✭✭✭✭✭
    edited February 18, 2025 5:27AM

    @dcarr said:

    @RedneckHB said:

    @dcarr said:

    @RedneckHB said:

    @dcarr said:

    @blitzdude said:

    @dcarr said:

    @RedneckHB said:

    @dcarr said:

    @RedneckHB said:

    @dcarr said:
    The people have somewhat of a "voice". But the general public is too stupid and distracted to formulate any meaningful action.

    .

    I think.you just said, "we are weak".

    .

    You say "weak", I say "stupid". Some subset of the population is both. But there is a lot more stupidity than weakness out there.

    The part of your statement that is wrong is the "we" part.

    .

    Nope.

    Now maybe you'd like the bring this train wreck of a thread that you derailed back on topic.

    .

    Hey @blitzdude , please tell this creepy clown face that they should step out of the shadowy doom closet and into the sunshine.

    .

    No need to tell @cohodk anything. He's been Livin' out here in gods country and enjoying the world just as it was meant to be. I believe he is already getting plenty of sunshine and fresh air. You're in Colorado for cripes sakes, I'd recommend you do the same. RGDS!

    .

    Hiding behind a creepy mask and an anonymous keyboard, a private profile, and a refusal to disclose their credentials and work experience - this is not someone who wants to see the light of day.

    Stop hiding and come out of the doom closet and into the "sunshine".

    .

    Your obsession with me is what's creepy.

    BTW--youre an engineer and therefore have no credulity in discussing anything other than engineering. No comment from you regarding monetary policy, international relations, history, banking regulations, constitutional relevance or anything other than engineering is to be considered as an informed reasoned, logical and intellectual opinion. Isn't that how you want this to work?

    BTW2...it's a special kind of bigot that values one's comment on the basis of their appearance.

    .

    People know this about me, so if I post anything that is financially-related they can take my background into account.

    So if one does not know your background then your comments should be considered biased and disruptive?

    .

    I consider yours to be.
    .

    That is not my loss and you're a weird kind of special if you think i care about your opinion of me. There's a word for that, I believe.

  • derrybderryb Posts: 37,265 ✭✭✭✭✭

    Why even debate a narcissist?

    Gold has a world price entirely unaffected by accounting games between the Treasury and the Fed. - Jim Rickards

  • RedneckHBRedneckHB Posts: 19,393 ✭✭✭✭✭
    edited February 18, 2025 2:08PM

    Someone who's been called a fascist and Marxist, un-American and patriot, doomer and optimist, arrogant and humble, extremist and pragmatist must be doing something right.

  • derrybderryb Posts: 37,265 ✭✭✭✭✭

    @RedneckHB said:
    Someone who's been called a fascist and Marxist, un-American and patriot, doomer and optimist, arrogant and humble, extremist and pragmatism must be doing something right.

    Maybe elsewhere, but such a resume serves no purpose when discussing PMs.

    Gold has a world price entirely unaffected by accounting games between the Treasury and the Fed. - Jim Rickards

  • RedneckHBRedneckHB Posts: 19,393 ✭✭✭✭✭
    edited February 18, 2025 4:15PM

    @derryb said:

    @RedneckHB said:
    Someone who's been called a fascist and Marxist, un-American and patriot, doomer and optimist, arrogant and humble, extremist and pragmatism must be doing something right.

    Maybe elsewhere, but such a resume serves no purpose when discussing PMs.

    @derryb said:
    Why even debate a narcissist?

    Then stop with the attempts to label. If you want to discuss PMs then discuss PMs, not the poster.

  • @GoldFinger1969 said:

    @taxbuster1040 said:
    I think that is pretty clear. The actions of the new administration in appointing unqualified people to high positions >based on loyalty will result in very loyal people who don't know what they are doing. This is bad for America. Thus, >trust that things will turn out alright have diminished. The way people react to fear and predictions of bad times is >to buy gold for security, especialy if people feel the value of the dollar is in peril.

    It's going up based on S&D. :)

    And an INCREDIBLE amount of fear by the current situation around the world.

  • jmski52jmski52 Posts: 23,046 ✭✭✭✭✭

    It's going up based on S&D. :)

    Central Bank demand is driving the price higher.

    And an INCREDIBLE amount of fear by the current situation around the world.

    If Central Banks are the issuers of their own currencies, why are they all buying gold? If fear is driving the central banks to purchase more gold, what is it that they are afraid of?

    Why then are Central Banks taking bets against their own currencies - the currencies that they are poofing into existence? Why would central banks be buying gold and betting against their own inflationary policies at the same time?

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