@privatecoin said:
It's only just begun................
I agree 100%. I buy both gold and silver. Originally I did it to fund retirement but thank god I don’t need it for that. Now I do it as another way to build generational wealth for my kids and grandkids plus I enjoy it. I think gold goes past $10,000 and silver $250 or more. If Bitcoin can be $115,000 and it’s a not a real hard asset why wouldn’t the metals hit these numbers?
JMHO
Mike
Difference between the metals and bitcoin is supply. Unlike bitcoin, there will always be new metal. What drives PM price upward is demand. Understanding "why the demand" provides insight on when to direct more resources to buying PMs.
Metals are not infinite. While more may be mined, unless we successfully occupy space permanently there is a finite supply. While there is a finite supply of bitcoin, it is entirely faith based no different than that a fiat dollar. There is no material value.
Paper money eventually returns to its intrinsic value. Zero. Voltaire. Ebay coinbowlllc
@Azurescens said:
I will be honest.. I don't understand complex financial instruments, and I'm OK with never fully getting it. Our money is fake and our stock market is fake. Both are managed by schemers who I hate with every fiber of my being.
It's all just made up BS and frustrates me to no end. What I like about gold and silver is there is nothing for me to "get". You buy it and you sell it and use that money to buy more. Or you just buy it and keep buying more. That's really it. At the end of the day, you either have it or you don't have it.
I really like that a lot.
Hate to tell you, but the same folks that manipulate the stock market manipulate PM prices. Maybe even more.
We have a national debt that is 37.5 trillion today. Loan servicing this year will exceed 1 trillion dollars. Now here’s the biggest issue that we don’t hear about. The additional unfunded liabilities of USA is estimated to be another $100 trillion dollars (give or take ). The options for the government is raise taxes by 25-30 percent and stop spending or print fiat money and have the treasury buy the bonds because other countries don’t want it. Central banks are buying gold and if they are, I’m buying too. I can go into the whole M2 money supply that’s showing the debasement of the dollar.
Silver is a whole issue. Most industrial usage and how much of it that’s sitting in landfills because it’s not worth recycling Yet.
I think we go much higher and if I’m wrong then my beneficiaries will have fun selling it.
JMHO
Mike
debt is irrelevent to the indebted party when that party can simply print the currency needed to service that debt. The concern for our national debt should be its affect on the dollars in our wallets.
No Way Out: Stimulus and Money Printing Are the Only Path Left
@Azurescens said:
I will be honest.. I don't understand complex financial instruments, and I'm OK with never fully getting it. Our money is fake and our stock market is fake. Both are managed by schemers who I hate with every fiber of my being.
It's all just made up BS and frustrates me to no end. What I like about gold and silver is there is nothing for me to "get". You buy it and you sell it and use that money to buy more. Or you just buy it and keep buying more. That's really it. At the end of the day, you either have it or you don't have it.
I really like that a lot.
Hate to tell you, but the same folks that manipulate the stock market manipulate PM prices. Maybe even more.
Yes, and I have opinions on that subject that I shouldn't share here because I don't want to be banned.
Comments
Metals are not infinite. While more may be mined, unless we successfully occupy space permanently there is a finite supply. While there is a finite supply of bitcoin, it is entirely faith based no different than that a fiat dollar. There is no material value.
Paper money eventually returns to its intrinsic value. Zero. Voltaire. Ebay coinbowlllc
Looks like $44 per ounce is on it's way....
Hate to tell you, but the same folks that manipulate the stock market manipulate PM prices. Maybe even more.
We have a national debt that is 37.5 trillion today. Loan servicing this year will exceed 1 trillion dollars. Now here’s the biggest issue that we don’t hear about. The additional unfunded liabilities of USA is estimated to be another $100 trillion dollars (give or take ). The options for the government is raise taxes by 25-30 percent and stop spending or print fiat money and have the treasury buy the bonds because other countries don’t want it. Central banks are buying gold and if they are, I’m buying too. I can go into the whole M2 money supply that’s showing the debasement of the dollar.
Silver is a whole issue. Most industrial usage and how much of it that’s sitting in landfills because it’s not worth recycling Yet.
I think we go much higher and if I’m wrong then my beneficiaries will have fun selling it.
JMHO
Mike
MIKE B.
debt is irrelevent to the indebted party when that party can simply print the currency needed to service that debt. The concern for our national debt should be its affect on the dollars in our wallets.
No Way Out: Stimulus and Money Printing Are the Only Path Left
Yes, and I have opinions on that subject that I shouldn't share here because I don't want to be banned.
44 cash
44.45 futs