Discussion in 'Bullion Investing' started by myownprivy, Feb 19, 2019.
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I could only afford 1/10 oz pieces, so that is what I've been buying for my mini treasure chest.
This picture is to motivate you guys and not me showing off.
That was True before 2014 or so. American Power, military is of course way out in front, we spend 10 times everyone else. China will pass us in GDP soon, within 5 years.
The US Dollar that we are so use to be the end all of every currency is being dissed by China, Russia, and India. Those 3 together are bigger than us. In fact, several years ago China created the Petroyuan. Because America has used their RESERVE currency status to leverage, manipulated, cut off, and all kinds of things to countries they like and or dislike. Other countries got sick of it and NOW they are going out on their own, they are tired of the USA telling them what they can and cannot do.
EDITED: Political Discussion . Read the rules, 2nd warning
It doesnt have to fall today, to fall in a year or two. Everyone looks at TODAY as if, that is the result forever. We printed 3 Trillion extra dollars. I dont know the exact figures, something like there was 1.5T in circulation in 2008 and now there is 4.5T. Anyway, what happens when you dilute like this ? Inflation, and we have been hit hard while the FED and treasury tell everyone Inflation % is at 1.5% ALWAYS on avg. that is not true, they use certain manipulated criteria.
This is not our fathers and grandfathers American anymore. I am 53. My daughter is 21 and getting her masters. A job with that in 1995 would pay 60 -80K right out of college, today, it pays 60 - 80k. Inflation, real inflation has been 5% YoY for 20 years. That means in reality the job should pay 140K all day long. But wages have been depressed as the rich pocket all the money. Jobs pay the same today, or very close to as they did 25 years ago.
Something bad is coming, 2008 was not fixed, it was printed over. Most of the Coin guru's on here grew up years ago, the ones dealing with reality know exactly what I write is true.
Totally cool way to enjoy your holdings
I have to say it. Lyndon Larouche was famous in 1977 for the exact same sentiments. In fact, I bet you he would have written this post if CT had been invented.
Point being, for almost as long as I have been alive there have been those preaching that the "end of the credit Ponzi scheme will soon end". It may end soon, or it may simply get kicked down the road like it has been for decades. The Fed showed us in 2009 they had many more tools in their toolkit than only lowering short term interest rates. The chance it all may end soon may be a possibility, but a possibility that has never shown itself while millions of people became millionaires in the meantime investing in stocks and bonds.
If I had a 300 year lifetime, the possibility of fiat money and borrowing may be a valid investment strategy. However, I am 50. I do not have an infinite timeline, and I think it sounds more reasonable to bet that the status quo will continue rather than a never-before-occurred revolution. Therefore, I am putting most of my money in investments, and hedge it some with pretty, shiny metal and farmland.
Looking back in 15 years, feel free to throw stones and call me stupid. Hindsight will always be 20/20. However, today, that is how I see the odds and how I am placing my bets. I am sure glad I did not follow this pm logic 15 years ago, as I would be far poorer today.
Btw, the problem with PM is always two fold. One, will it outperform other assets. The other, however, is that will anyone WANT IT in the future. I look at younger guys, and none of them are wearing gold wedding rings today. I do not see younger women wearing any gold either. What makes everyone so sure gold and silver will be WANTED in 30 years at any price? The price of mining can continue to rise, but what will DEMAND look like?
And 100% for sure it will end at some point, it always has in the past, and always will in the future. By the way, I would in no explanation ever bet only on PM. I own lots of stock, real Estate, and other assets. But the closer we get to the American Dollar being inflated away, the more PM's look good.
I certainly did not think this way before 2007, but I seen the housing crisis was a crisis, did I expect it to play out like it did ? I wouldn't have known or cared. I did sell a couple pieces of land, bought for 5K and sold 2 years later in Port Saint Lucie FLorida for 65K. I knew the prices were inflated and took the money.
There have been times I have sat on cash. And if you go back to 2000 and start from there, PM's have out performed stocks BIG TIME vs Inflation. That seems to always be the wrecking ball in my Edward Jones friend theory. See, when compared to inflation, he always loses. Yes, 2001 and 2008 your money was halved.
I still buy biotechs because they are always running new drugs. Things have changed so much and all those that made millions still have money, some are even billionaires and leverage every corp. they can. Last week the Dalio gains for 2018 came out along with 5 other billionaires, they made huge BILLIONS off of their portfolios. While from 1950 - 2005 you could too, but those days are gone too. Throwing 100K at your investment guy in 2000 would net you garbage today. Now, if you did it in 2009 you would have doubled your money.
The point to that is timing is crucial now, there is NO MORE invest and let it go expecting for it to grow exponentially, they are running gambits behind the scenes. That is why you no longer see Stock Splits. What happened to that ? Well, the boards figured "we can just keep the profits, screw the little investor" Now too you have HFT (high freq. traders) and if you watch the video's online, you will see what a scam that is too. Every time you push the buy button at TD, Etrade, etc. someone buys it first and then sells it to you. they make only 1$, or 5$, but they do it 1,000,000 times or more a day. Same thing when you go to sell it. They work with investment banks, because they are the investment banks, only housed in a different building.
As we should all know by now, if it could be deregulated, it has been, anything to help the rich because they pay for it to be deregulated.
I have paid such close attention to the BAKER Brothers Biotechs, I know what happens and when. I can swing trade several of their stocks and win every time. But I started at zero in 2005, so still not rich, other things along the way cost money. Plus enjoying life.
I dont buy these to flip, until the crash comes, if in my life, if not, for my daughter. What i do know is the DEBT is way out of hand, you cant even compare it to 2005 it is so bad, let alone someone talking trash in 1977
Those tools you speak of, well, the interest rate was to go "back to normal" as they said, which would be 6 - 7%. Never made it that high and they had to stop because of the market. Now, the QT (which was on autopilot via fed chair) now pronounced as stopping this year. This means the tools are tightening, they can only lower 2% point to 1, or 3 to 0. ANd then what QE again ? What will people do when they know the FEDS tools are collapsed ? Who knows, they may just do a QE to the people, drop 10K in everyones pockets. That still doesn't fix the loss of reserve currency status that is falling apart as we speak. Or the 0 growth in wages for the working class.
I am happy for the few million that became millionaires banking and investing, they were smart and took advantage of what they could, when they could. I am not so happy for the other 290M plus working class living paycheck to paycheck and stuck there for the last 20 years. EDITED: POLITICAL DISCUSSION NOT ALLOWED. To me, that looks to be real soon. Just glad I woke up in 2005 and started paying attention.
Thanks for the post, need all kinds of opinions to keep people informed
He should use silver, it's antimicrobial.
I remember when we were talking about selling gold at 1340, now it seems like Mr. Calvert has explained his uncalled for opinions on investment banking, in great length.
Hey, at least nobody's piled in with five pages of gold-bar photos...
IDk sir. I am sure if you went back to my posts in the last 6-12 months I mentioned I was buying more gold and platinum at these prices. I switched to gold from silver because the silver was simply becoming too much space to store effectively. I still think platinum is a better buy at these relative markets than gold.
I just bought a couple of gold necklaces near spot at a coin show last weekend, but that is because I like to sleep inside.
Sorry to offend you investment guru's with reality.
That is an ignorant post. If you disagree, then write it, if you are an investment stock selling guru I could understand why reality would upset you.
Just Friday the #2 FED guy said that they are considering using buying futures, stock, going to negative rates as tools to control the economy and the stock market.
It is OBTUSE at Best to Ignore reality. Some can't handle it, or chose to ignore it because they could care less about other PEOPLE. This is not pointless, if it was, then so many people outside of some folks small world would not be talking about it daily.
We are in trouble, but I guess that is pointless.
Go ahead, ignore it all.... It is just pointless
And so this guy is a troll and my posts are worth ignoring... your a peachy huh ? I guess everyone that isnt like you, or thinks like you, or posts like you isn't worth the shoes they are walking in, poor us... We only wish we could be like thee.... Pray to you...
The internet has made so many guys brave, and now we are putting guns in their hands. Gees, that is so conservative.
Wish you luck with your GOLD and SIlver. hope you make a bunch of money.
This thread is about gold prices, Not all the other types of investment. I do read your posts. This just isn't the place to share them. Please feel free to make an investing thread in the general discussion forum.
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