PMs are crazy

A lot of the uber wealthy owned gold during the confiscation period. A crap load ended up in London and Zurich, poof! Got put on ships and sailed east.

 

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The insanity continues…LOL

 

Keep on pumping NATO !

 

Horse Racing Commencing...

 

I'm unaware of CBs buying silver. Gold, I know they have been buying.

We just have to be able to service it and the U.S. is the global reserve financial currency.

Ask yourself this....if Greece, a 3rd-rate tourist-driven economy, needed 30 years to implode from wreckless spending and socialism....how long do you think it will take to sink the United States, the largest most dynamic economy on the face of the Earth ?

If AI increases real GDP by 1% -- a very reasonable assumption -- then the debt gets paid down within 20-25 years.

Our debt is manageable, though I do agree we need to bend the cost curve downward on entitlements.

He's talking his book, which is promoting the case for gold. I get it....but his statement that the government "forced" you into stocks, bonds, real estate instead of gold-backed currencies...was actually a PLUS.

There's a bullish case to be made for gold and/or silver...even if it doesn't materialize, it's a legit argument....but cataclysmic apocalyptic talk about "fiat currencies" is not a winning hand. If currencies or Central Banks go wild, bond yields will move up sharply and politicians and Central Bankers will get the message as debt financing costs skyrocket.

 

That is Way above my noggin.......... but just spent 290.00 on 10 liberty halves. that's ridiculous, Seller wants to sell remaining 10 for 295.00. he must of check spot price or something.

 

Apparently Russia, Saudi Arabia and India have been buying Silver.
article from Sept last year .. Central Banks Turn to Silver: A New Monetary Strategy?

Silver’s Big Comeback: 3 Central Banks Already In — What’s Next?

Also, due to the current global political climate, countries are shifting away from the US Dollar as the trade currency.
here's one about the Yuan -- Opinion | Why Asia-Pacific is rewriting terms of trade from dollar to yuan | South China Morning Post

I think I read elsewhere that Europe was going to move to direct payments too in Euros.

 

Check this video out, gold and silver to the moon and this guy tells you why, it's no secret and it's actually what some of us are thinking already anyways, that's why we hold gold! If you don't have time just watch from the 2:30 minute mark and by 5:30 you'll hear the whole story of how the US is gonna pay off that massive debt that's owed!

 

What ever the reason iam on board..LOL

 

Well, nobody's cheering for it but at some point you have to acknowledge reality. Despite every administration's best efforts the debt to GDP ratio at this moment is 124.3% and going up. $970 billion a year is going to pay interest on the national debt and that's with relatively low interest rates. There's no way they can handle interest rates any higher than where we're at so there's no viable way to control inflation like they did in the past. (The most they can do is threaten to raise interest rates and hope people believe they might.)

That's 19% of 2025 total federal tax revenue going to just interest. Third behind only SS and medicare expenditures. At what percentage does it become unsustainable? Some number above 19 but below 100. Maybe it's unsustainable right now? People in control are just trying to get through one year at a time now. Short term thinking is to lower interest rates to keep the economy going one year at a time in spite of long term damage.

Thirty years ago the national debt was 5 trillion. Now 38. We've never seen it actually go down. Imagine another 30 years of this and another 30. A baby born today is going to see some real economic calamity in their lifetime in the US. There are many who want to spend even more. Cuts are out of the question. The debt's not just not going down. It's going up rapidly, ever increased by higher interest. Then any unexpected prolonged war or crisis ramps up the debt above normal spending with each costing more than the last. We live off the credit of our past.

 

The bond market has recognized that. 4.29% 10 year and climbing

 

I have NEVER been a bond person. To me it seems like completely wasted opportunity cost when capital can be much more aggressively invested. Even with poor years in the equities market, the boom years outperform the loser ones by so much overall.

 

Not giving investment advice. Nobody who needs the advice even listens. When investors feel underpaid for the risks of loaning the guvmint to support the huge debt we’ve incurred, they beat feet. Denmark pension funds just did. Just saying if the 10 year goes up too much the whole economy gets crushed. If 8-12% mortgages and 25% auto loans sound good, hang onto your canoe, rapids ahead.