US Budget Deficit Increases

Discussion in 'Bullion Investing' started by Santinidollar, Oct 15, 2018.

  1. Santinidollar

    Santinidollar Supporter! Supporter

    Endeavor, midas1 and Seattlite86 like this.
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  3. Seattlite86

    Seattlite86 Outspoken Member

    I think the Saudi issue might help silver prices but hurt everything else. Time will tell.
     
  4. medoraman

    medoraman Supporter! Supporter

    Not a political response at all, since none is needed. Both party's spend like drunken sailors, just on different stuff.

    Kick the can down the road should be our new national motto.
     
    Two Dogs likes this.
  5. Dave Waterstraat

    Dave Waterstraat dave700x

    Just goes to show you, tax cuts do not translate to decreased spending.
     
    John Skelton, wxcoin and Endeavor like this.
  6. TheFinn

    TheFinn Well-Known Member

    We're screwed. Just a matter of how long till it hits the fan, and who can blame the most.
     
    Endeavor likes this.
  7. APX78

    APX78 Active Member

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  8. Phil Ham

    Phil Ham Hamster

    I'm buying silver but it has backfired. The US is punch drunk but the other countries are partying like it is 1999. Meanwhile, precious metals drop as the dollar rises.
     
  9. medoraman

    medoraman Supporter! Supporter

    I would advocate to continue to buy when cheap like this. It cannot last indefinitely.

    Always try to buy assets when no one else wants them. It was true of stocks in the 70s, farmland in the 80s, and IMHO somewhat true of pm today. A slow accumulation at these prices are a hedge and I do not think people will regret it in the future.

    Boy, I sound like a pm bull now, huh? Don't tell @longnine009 . He thinks I am a pm permabear. ;)
     
    mikem2000 and longnine009 like this.
  10. imrich

    imrich Supporter! Supporter

    If your pragmatic, these may be the "good times" before the correction. Think positive!! I'm buying classics when I see value, as if there's no tomorrow.

    The dollar still has relative value! Enjoy!

    JMHO
     
  11. Phil Ham

    Phil Ham Hamster

    As I don't really need money now, I'm willing to wait. It hasn't been a good investment though.
     
  12. Santinidollar

    Santinidollar Supporter! Supporter

    During the recent recent price downturn, I didn’t add any gold. The major dealers who offer AGE deals on eBay have been MIA. Nothing but absurd premiums.
     
    Last edited: Oct 16, 2018
  13. green18

    green18 Sweet on Commemorative Coins Supporter

    Yet the American People still have faith........that's what this currency is based on. In God we trust, and the US Gooberment........Me too on this. I have faith in such. It's carried on till now, and I think it will do so in the future.........other than that, gather up your gold and silver, brothers and sisters............:)
     
    Randy Abercrombie likes this.
  14. Endeavor

    Endeavor Well-Known Member

    There are only two ways to wipe out this debt. And paying it off ain't happening. I'll leave it to you to figure out what the other one is.
     
    losthomer likes this.
  15. Brian Calvert

    Brian Calvert Active Member

    In reality you are correct, but we don't live in that anymore and the FED (not political at all) has other plans. They control the Treasury(again, not federal) but a group of very super wealthy Rothschild, Icahn, Bernstein, type will do what is best for them.
    They have changed the Mark to Market Rules since the last collapse. Thus, the next time they PRINT, they will hide it in Private Bank accounts that dont have to report those losses.
    There is also a Jubilee, but they would never take the loss. All this debt, and any bank losses now fall on the public, not the banks, thus the reason we don't hear about Bank troubles anymore, they will never have them again, again, another rules change that makes it the public's debt, not the banks. So, not only did they get bailed out by us, but now move forward creating the same problems they have no responsibility for.
    It is amazing how stupid and gullible the public is in today's world. And by the way, in the next crisis, the Gov't, thru the banks has the rights to pull your money directly out of all of your accounts to pay for the debt. Leaving all billionaire as they were, but you, with 50K in the bank will lose half, if they so choose. Your bank account isnt yours anymore, you just dont know that rule changed.
    And the FDIC 250K promise ! Has .03c for every dollar they insure. That will be your return, .03 on the dollar
     
  16. ToughCOINS

    ToughCOINS Dealer Member Moderator

    Windex and a rag??? . . . I'd make a great politician.
     
    Last edited: Oct 16, 2018
    Two Dogs likes this.
  17. mikem2000

    mikem2000 Lost Cause

    Hey Chris,

    How you been? I can still be the permabear :)

    Why are you thinking silver is cheap here. Below is a chart of Ag prices for the last 100 years or so and it is neat because it is ADJUSTED for INFLATION so all is in 2018 dollars. Silver has only been at $14 or above for basically only a handful of years during that period. Now with inflation still low, Silver demand flat, and Demand for Lead Zinc and Copper rising (which of course means more silver produced as a byproduct). I am just not seeing Silver cheap here. PLUS, there is a huge amount of Silver sitting around collecting dust in ASE's and Zombucks from the Stacking ERA. I don't think I would call it cheap until it hits around 10 bucks.

    [​IMG]
     
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  18. medoraman

    medoraman Supporter! Supporter

    My view today is PT is the best buy. Many reasons in my mind for this. Next I would say silver, and last gold. I did my own analysis a while ago and my numbers were saying $18ish is a fair value for silver.

    All wonderful points, but I am not sure copper maintaining, (biggest primary driver of silver byproduct), maintaining with China bank issues.

    So, all in, I am simply viewing a good long term time to accumulate a pile. PT would be my preference, but cheap premium silver and gold coins I am pulling the trigger when I run across them. If silver dropped to $10 that would be great, but premiums would bump up like they always do for 6 months.

    Just my opinion right now for a very small proportion of my portfolio. I very well could be wrong of course.
     
    mikem2000 likes this.
  19. chrisild

    chrisild Coin Collector Supporter

    Source?
     
  20. medoraman

    medoraman Supporter! Supporter

    Good point. The only deposit haircuts I have ever heard of, (besides simple monetary inflation), was Cyprus, and that was because they knew large amounts of deposits were in the ownership of Russian mafia/oligarchs.
     
  21. Michael K

    Michael K Well-Known Member

    They are never going to pay it anyway, so what is the point?
     
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