Posts by Dennis Myers6

47 different paths...

🙂

Respect, lady.

Man, this 78-page study guide...🤔
In trader speak? It's a massive slog.
I mean, I promise I’ll eventually sit down and read all about how that tall guy managed to rein in US inflation and whatever else, but honestly... I don't think I can actually wrap my head around any of it.
🙂

neondriver5 said:If I'm not mistaken, the whole point of saving isn't necessarily to outrun inflation. That would be nice, sure, but that's not really the objective here.

But wait, who actually said gold was a savings vehicle... hmmm.

I have to admit, some of the posts on this forum feel less like objective analysis and more like religious dogma or cultish chanting, much like what I've noticed before.
Gold is just as speculative as any stock—anyone who doesn't see that (and I'm talking about 2012 and beyond, not the Stone Age) simply isn't participating in the conversation.
The fundamental nature of gold is speculative. At least behind a stock, there's an actual company that might succeed or fail, execute acquisitions, or leverage its R&D department to launch a groundbreaking product the market will snap up... (just to be clear, I'm not a big proponent of stocks myself; I don't own a single one at the moment).

PS
Given all that, I'm a little... unnerved by what Goldman Sachs said regarding gold prices dropping in 2013. When they make calls like that, it genuinely makes me nervous.

Because if they're right, the exact opposite might happen. What do they know that we don't? Why is the outlook so bleak?

Obviously, inflation is just a tool used to blunt the edge of debt, or like, basically a way to devalue what's owed.
The saver is the one left trying to play some weird chemical game just to protect themselves.
That’s why in the American system, they'd rather have the guy blowing through cash than the one starving himself because he's too cheap to buy a damn donut (since the system doesn't get anything out of him).
And if they went ahead and put their life savings in a bank—well, that's a whole other story... you can bet on me being right about that...
😍

vividgull10 said:What are we even talking about here? Are we discussing inflation hedges or just riding some insane bull market?

Drug dealing nets you a few hundred percent return, which more than covers inflation. You gonna conclude that peddling drugs is a hedge against inflation now?

So, here’s a little "just for you" micro-analysis, if you can even call it that.
Some big shots decide to jack up the price of centralized heating—you know, gas, oil, coal—and they just screw over everyday Americans by hiking it maybe 30% on average.
Is that because there's way too much excess capacity in the system?
Or maybe it's because there's 30% less of that specific asset out on the market?
Or is it just the result of some monopoly's total incompetence or terrible policy calls?

😍

So, I guess even gold can't actually keep pace with this runaway inflation we're seeing?
Like, we're talking about the same gold that's supposedly worth five times more than the whole wheat-copper-zinc supply chain?
🙂

Come on, guys...
Be cool, please...

I mean, we really don't need them letting that golden girl loose on us, I guess.
🙂

So, I guess gold is basically riding this bull run just because people have this fanatic, almost religious obsession with its shine.
And you're telling me the price is being set by these goldbugs—these true believers—just eyeballing it honestly without any massive manipulation?
It’s got nothing to do with all that analog and digital money printing they’re doing right now just to keep the whole system from collapsing.
And eventually, I suppose all that bull market capital is just going to migrate over to Chinese labor.
Are you seriously saying the entire global elite—the industrialists, the intellectuals, the big finance guys—don't own a single ounce of gold, or they're trying to dump it all to reinvest in industry?

Let's look at this in black and white.
Like some kind of shaman trying to predict the future from where we're standing today.
Which one actually sounds better?
Some flimsy piece of paper backed by a Fed promise that it's worth something, or actual gold that isn't just an asset anymore, but is becoming this glowing, brilliant guarantee of value?

Maybe one day gold will actually justify all the insane amounts of fiat currency pumped into the system.
Look, sir, if you want to clear your credit, your debt is sitting at roughly $3.7 trillion... which is basically equal to 3 tons of 99.9% pure gold.
Uhm... yeah, yeah, yeah... hm... you don't have the dollars and you don't have the gold... so I guess Plan B is to spend the next 1,000 years printing $7.4 trillion out of thin air (since we need that $3.7 trillion in interest).
As for the factories... don't even worry about it, we've got Claire Inc. ready to go for like a buck per unit, and we'll throw in the labor for free (straight from North Korea).

If you ask me, my primary asset would be barley, and my secondary asset would be hops.
Respect.
😍

Even though this is like six months old now—which I guess is ancient history for all those brokers and traders out there—I figured I’d do a quick little recap of how we were actually beating the Austrians in that trading contest (those guys were basically just buying up junk from us, you know, just total amateurs who think gold is the answer to everything... hehe).
Impaired Americans turning a profit by offloading gold to Austria
🙂

Andrew Barrett4 said:The bombshell Goldman Sachs just dropped isn't actually anything new; it’s just a more dramatic way of presenting the scenarios we've already been dissecting in this thread. I guess the theatrical delivery is just a nudge to get us questioning their underlying motives.

Down the road, odysseyinspace20?? suggests that if interest rates do eventually climb, it'll be a dead giveaway that velocity hasn't just picked up, but is basically screaming toward the other extreme.😁.

We just haven't pinned down the small detail: which year. 😁

One shouldn't overlook the long-standing policy of keeping rates low to prop up the economy. Maybe the only thing capable of breaking that trend is a worrying spike in inflation, where hiking rates becomes a necessary countermeasure.

When prices start climbing, it usually means there's money floating around. A lot of it. You can see it in how much industrial activity, retail, and general consumer spending have been picking up lately.

A question for Twitter/X: Is something like that even on the horizon? If not, why would they bother raising rates at all?

The answer pretty much tells you exactly what your move should be regarding gold.

Sorry for breaking your post down into pieces, I was just trying to grab the meat of it:
1. Keeping interest rates low is basically just a way to protect the system and all the big players.
2. You're talking about:
a) how the import-export ratio drives domestic currency inflation.
b) global commodity prices versus the strength of a nation's currency, which leads to inflation or higher costs.
3. Yeah... there's always money floating around, but the real issue is that you can't find products at the old prices, or honestly, just finding any product at all.

A line from Wikipedia:
"People know a ton about inflation, but still not enough to actually 'cure' it."

But if you ask me, they can totally dose it out and exploit it whenever they need to keep the system running.
Just sell off some Euros, pull in some Dollars—create an artificial shortage of Clementines or whatever.

If I completely missed the mark here...😍

Anyone...🙂

Just taking a quick breather from all this gold talk... let's chat about our domestic drillers for a second.
Since we don't have a massive auto industry here, I guess this nice little article won't hurt anyone's feelings or, heaven forbid, squeeze their profits.
The Homogenization of the Car by [Comparable US Author]
POZ-🙂

Tom Jones - All That Glitters Isn't Gold
😍

😍
Look, it’s just a fact that the sun rises in the east.
And I guess it's also just a reality that all those local and global shifts pretty much originate from the West.
So, where does that actually leave us in this whole story?
🙂

@AndrejX
Who even are you talking about here?
Maybe give us a little more context... okay?

(Actually, don't bother. I mean, looking at your history, you're definitely one of those "divide and conquer" types, whether we're talking about cooking tips or the US Air Force. You never actually commit to an opinion, which I guess is fine since someone’s gotta play devil's advocate, I suppose. Peace.)

I mean, I just... absolutely adore this guy.
It’s for all you long-term thinkers out there, you lunatics.
There's still a case for Gold / Ron Paul
🙂

Man, I guess on this thread it’s just banks whining about how they're gonna claw back those $6 billion in bad debt assessments (including the treasury bonds).
🙂

Jamie Newman5 said:He’s probably talking about how people went all in on those massive loans, acting like money grows on trees, and now suddenly everyone's bringing up their kids and their future when they face foreclosure on those same apartments they're being kicked out of...

Man, I don't see it that way at all, I really don't. I mean, no sane person is actually going to hide behind their kids like that.
I guess I'm just old enough to spot these kinds of cheap tricks from a mile away.

Alexander Thompson said:Well, I mean, I guess the banks have a right to complain a little bit too... 😬

Duh.
I guess you've gotta complain about something... even if it's just to save some small town in the Midwest.
🙂

@Darth...

-A bank tailored specifically for you, I guess
-Your wish is our command, or whatever
-If you're totally lost with your money, maybe just call one of their "experts"
-They think they know best and always claim to be there for you...
🙂

Not bad.
Only thing is, he’s got a son on the other side too (ya know, a real native American...).
🙂

Robert Vaughn10 said:I was referring to the bonds of those Eurozone countries currently facing a crisis. It isn't the same thing if interest rates are around 2%, like in Germany, versus 6%, like in Spain, while using the exact same currency. Officially, inflation hasn't hit that level in the Eurozone yet. I certainly wouldn't underestimate deflationary pressures. But once interest rates climb because money starts losing its value...

Look, HI5, I don't mean to be rude, but honestly, we’re just a bunch of absolute suckers—these over-analytical types who somehow decide to dump money into failing nations and their collapsing economies despite everything being totally illogical.
I guess we just love them or whatever, choosing them even when it makes zero sense from any kind of economic standpoint... it is what it is, I suppose.
🙂