NO POLITICS PLEASE!! - Question On Gold Values

Gold is just a commodity, like pork bellies, corn, soybeans, etc. Nothing more, nothing less. It has zero intrinsic value since the governments went off the gold standard. It's price rises and falls because people think it should be worth more or less than what people currently pay for it. Just like rare coins of any metal.

 

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Not 50% in two years.

Sure, there are exceptions. Who would've thought disposable masks would become a scalpable commodity? Hand sanitizer? Toilet paper? Sudden demand shifts lead to shortages and/or price spikes.

But if the dollar had lost 33% of its value in the last two years (making "prices" go up 50%), we'd see that in its ratio to other currencies. We don't. If They were "manipulating" all fiat currencies to prop them up, we'd see that in a general 50% increase trend across all commodity prices. We see no such thing.

 

Your right, other forums too. There are many here stuck in lala land. Where America is Still Great and if you try hard enough you can get a great paying job. Most people will not acknowledge. Maybe it doesnt FIT YOU. That's great, I am glad you are a good person and care about others. What i wrote is a General statement and it fits many. Just not you.

 

Typical RW....

In your Opinion CNBC, wallstreet, Hedgefunds, FOX, NBC, ABC, are giving out the real news. Those on Youtube are the liars ? They are telling lies... Those rolls and laughter are what you see from everyone in a vacuum.

Of course, as with anything, Youtube has it misinformed scammers too. The educated people can LEARN the difference. Those without an Education stick ONLY with FOX news for the propaganda.

 

And in the Wallstreet Investor world Inflation is Null and Void. Never counted when figuring out a Return on Investment. And, when they finally ADMIT "yes, there is inflation" They use CPI (a joke in itself) created by the Banksters stealing everyday from the working class. You have to go to the Chapwood Idex to find real Inflation stats. https://chapwoodindex.com/

Part of the Edward Jones, EF Hutton, Raymond James philosophy is NEVER EVER mention Real inflation. When you do, you find out the stock market guru has made you NO MONEY over the past 20 years while Gold has turned a huge profit.

THEY, the Banskter guru 401k scam specialists make no money if you buy and hold gold for an investment. It mutes an entire industry of tie choking scammers.

 

Maybe I should clarify -- nothing I've posted is intended to minimize the suffering of everybody on the low end of the economic ladder/firepole/cesspit. Many Americans, probably these days most Americans, are getting a raw deal. I just disagree that PMs are any sort of magic life preserver.

How does devaluing fiat currency hurt people who can't even afford to save fiat, never mind other assets? If you can't put away a few hundred dollars a month for emergencies, how are you going to put away a corresponding amount of gold or silver?

 

It was a class-action settlement that dealt with PRICE DISCOVERY which is not the same as PRICE FIXING.

JP Morgan makes their money on investment banking, asset management, and commercial lending. They don't make SQUAT on PMs.

So not only are banks controlling the price of PMs, they are using it to make sure that housewives are forced to enter the labor force ?

Got it !!

 

JP Morgan was caught apparently "spoofing" the PM markets

JPMorgan Chase & Co. Agrees To Pay $920 Million in Connection with Schemes to Defraud Precious Metals and U.S. Treasuries Markets
of
tens of thousands of episodes of unlawful trading in the markets for precious metals (purchase and sale of gold, silver, platinum, and palladium futures contracts) futures contracts ... “For over eight years, traders on JP Morgan’s precious metals and U.S. Treasuries desks engaged in separate schemes to defraud other market participants that involved thousands of instances of unlawful trading meant to enhance profits and avoid losses,” said Acting Assistant Attorney General Brian C. Rabbitt of the Justice Department’s Criminal Division. ==>
https://www.justice.gov/opa/pr/jpmo...ection-schemes-defraud-precious-metals-and-us

 

For those interested in a Real View of what is happening.

Inflation : https://chapwoodindex.com/

Macro economics : https://matasii.com/login-main-welcome-page/matasii-2-2/matasii-2-macro-analytics-home/
https://matasii.com/longwave-october-will-2021-be-the-year-of-hard-assets/

There is always money to be made in the stock market. Just not doing it the way the guru tells you too. His job is too make money off of your money. You dont need them, you can do it yourself and save thousands on fees. Plus, they put you into a broad set of stocks. Winners and losers so that you MAYBE make 7% per year. Subtract their fees, the mutual fund fees, and inflation and YOU LOSE!

 

You are lying or ill-informed. JP Morgan makes Billions on Gold and Silver. It is the Investment Puppets jobs to spread the propaganda you do.
Obviously you know, as a fact that JP Morgan makes millions each quarter on the spread between long and short. As the post above me shows, you lie ! Spoofing....
Go ahead, tell all your customers that garbage you spread.

 

CNBC etc. al are giving out INFORMATION and letting ME make my own decisions and investment choices.

They are accountable 24/7.

Where are the YouTubers yachts ?

Why don't you invest alongside the YouTubers and then show us your 9-figure bank account in 5 years ?

 

Strange that it's not in their Annual Report, SEC Filings like a 10-Q or 10-K, or in the analyst EPS models.

I guess you uncovered something that nobody else did, huh ?

You've obviously never looked at a company's or bank's income statement, balance sheet, and statement of cash flows (do you even know what cash flows are ?). Many of us have been investing for decades and some of us work in the profession. We all know folks who are convinced that someone is out to get them and they've found a Magic Elixer.

Sadly, you haven't.

 

Fellows, I just commented on some felonious claims made on a fantasy based television program. All this mess is gonna cause someone trouble. Please stop with this.

 

It is so strange to go on sites and see people Lie, and lie some more to fit their personal belief system or financial way of Life. I constantly try to educate in every area of life. If it be personal, financial, Bass Fishing in my Tournaments, My motorcycle, my business, my family, coins, bullion, and even Politics. If someone writes something that is TRUE.
I accept it as so...

Good luck with your agenda Gold Finger...

 

I do believe JPM does NOT break out PM profit/loss in the public annual reports ==> https://www.jpmorganchase.com/corporate/investor-relations/document/annualreport-2019.pdf


some other areas JPM are in with Precious Metals which also are not identified in the annual report ==> https://www.jpmorgan.com/cm/BlobSer...=private&blobcol=urldata&blobtable=MungoBlobs

 

Randy, I think if we are discussing the pros and cons of various sources of PM information and/or disinformation, we are on steady ground. Right ?

If you read the Management Discussion & Analysis Section (MD&A), they give more color there.

PM's and gold/silver are simply NOT the stuff that banks make any significant profits on. Major Wall Street banks make $20 - $35 billion a year in profits with a normalized rate structure. PM's might make $2 billion in a GREAT year and most years it just a few hundred million.

But the RISK taken to make that money isn't worth it. The regulators don't want banks playing in PMs -- this is what The Volcker Rule was all about. Most of the times, the banks are acting as agents for other buyers/sellers.

 

I have no agenda....I simply want to discuss the pros and cons, longs and shorts, of various investment decisions.

If the YouTubers want to show us how their actual model portfolios have done over the last 1, 3, 5, 10, and 20 years...I am all ears. I've seen many of them and NONE of them tell us how they have done relative to the S&P 500.

 

I don't see a problem with it. I just fear this thing deteriorating.

 

In 1968 gold was set at $38 per ounce. In 1970 the official price of gold was $38.90. In 1908 the official price of gold was $20.67 per ounce. On October 1, 1908 the Ford Model T was introduced. It was built August 12, 1908 and left the factory on September 27th. The initial cost if you bought one was $825 and if paid in gold coins, its gold equivalent was approximately 39.6 ounces. At $1925 per ounce recently, that is equal to $76,230.00. In 1924, the cheapest Ford T was $265 and if paid by gold coins, approximately 12.72 ounces of gold. At $1925 per ounce, that is $24,486. You can still buy vehicles today for these prices if you are an old time collector of coins. I tell young collectors that coin collecting is a hobby and not an investment. Many of us older collectors have silver dollars we only paid $1 for or gold coins we bought at the official price of gold plus a small premium. I remember paying $19.20 for my Mexican 20 peso coin. For me, the 20 peso is a work of art, not an investment. Coin collecting is a great hobby, and a history teacher. Gold coins are a work of art. Value is in the eye of the beholder.

 

Folks, this will tell you a bit about where banks and traders want to focus.

In 1980, both daily volume in gold contracts and foreign currencies were about the same: $1 billion a day.

Today, gold trades about $100 billion a day.


U.S. Treasury bills/bonds trade about $500 billion a day.

Foreign currencies......$6 trillion a day.