Posts by dustyheron5

The Bloomberg governor is basically coddling the banks. It’s honestly pathetic how soft they are.

When banks have friends like that, their clients definitely don't need any more enemies.

Nicholas King said:Starting April 6th, leaving your residence won't be permitted without an e-pass—that was the word from the Secretary of the Interior and head of the FEMA Emergency Operations Center, Davor Božinović, during Wednesday's briefing.

According to Davor Božinović, speaking at the FEMA press conference, these e-passes will be issued for durations ranging from one to 14 days, depending entirely on the specific reason for the request.

''If any of the authorized issuers can't provide an e-pass for legitimate reasons, then FEMA will step in and handle it on their behalf,'' he noted.

He also made it clear that everyone who has been using the previous versions of these passes is required to switch over to the new e-passes by April 5th.

What an idiot—the validity period on these passes is way too long. They should shorten it to 24 hours, just so the entire country does nothing but issue passes for the next day.

I knew he was incompetent, but he manages to surprise me with a new level of ineptitude every single time.

He and "his" police force are the primary reason we’re in this mess; so many people have been bypassing isolation protocols—everything from those tourists coming in from Turkey to the endless crowds of skiers from Tyrol and other resorts.

Gold is hitting all-time highs against almost every major currency—except for the US Dollar.
But don't expect that to last; the shift is coming sooner rather than later.

https://twitter.com/PeterLBrandt/sta...664259/photo/1

If she buys right now, the price will likely drop—but if she waits until the end of the year, it’s going to climb. It really is that simple. 😁

Michael Morgan5 said:Well, damn... it hit $1,499.66 first.
It was a long road getting here, 😛
to say the least.

That was yesterday. 😉

Today, we’re looking at $1,510😁
https://www.investing.com/

We might see a few more dips below the 1,500 mark—but the upward trend is holding.

P.S. — looks like it's actually still hovering below 1,500; Investing.com isn't updating properly (honestly, I have no idea what their tech team is doing).

Copper has broken through $1,500. 🎉

https://www.armstrongeconomics.com/m...-estates-role/
Martin Armstrong discusses the current crisis and the best ways to hedge—real estate is part of the equation, sure, but metallurgy is also becoming a vital component of a solid hedge strategy.

Susan Hernandez82 said:Honestly, I can't decide between physical bullion or paper assets. My plan is just to flip it in a few months if I see a 10%-15% jump.
I'm not sure if buying investment gold for such a short window even makes sense. What are the overhead costs? Are there hidden fees?

ico1, I didn't follow your point about brokers. Why wouldn't I be able to withdraw my cash after selling?

Based on what you just described, paper is the way to go for you. 😁

Melissa Sanchez17 said:You watching those mining stocks? This could be a killer entry point.

I don't follow the mining sector very closely—aside from my current holdings. I spend far too much of my time tracking crypto...😁

This is exactly why you hold gold.

The dollar feels rock solid right now—but nobody can predict when it might face a collapse similar to the Turkish lira.

https://www.bloomberg.com/news/artic..._medium=social

http://www.kitco.com/news/2018-04-27...medium=twitter

This carries more weight than the KWN analysis....

Famed hedge fund manager and “ bond King of wall street ” Jeffrey Gundlach continues to be bullish on gold, reiterating his call that when the market breaks above through critical resistance at $1,360 an ounce, gold will push $1,000 higher.

Per a recent Reuters article, Gundlach presented his bullish case for Gold Tuesday AT an event for DoubleLine clients. He noted—quite clearly—that he remains bearish on U.S. Treasury bonds.

He stated plainly that U.S. government bonds “are not attractive.”

With all due respect to my colleagues, I ask that we refrain from speaking against KWN. 😁
They are quite simply the most consistent group out there. 😵

For seven years now, they have maintained a bullish stance—even as metallurgy continues its persistent decline. But one day, they will be proven right. 🙏

hollowmoose21 said:If that actually happens, I’m tossing my entire economics degree in the trash and focusing on my real job—or maybe just moving out to the sticks to grow hazelnuts. 😁
Honestly, I think the Fed and other big banks will have much bigger fires to put out this year or next. 🍿

Blackberries aren't a bad choice either—they're pretty hardy against harsh weather. 😁

hollowmoose21 said:But here’s the kicker: unlike Bitcoin, central banks still have a massive obsession with hoarding physical gold. Even where they stash it matters to them. 😁
http://money.cnn.com/2017/08/23/inve...ris/index.html

What’s your take—do you think central banks might actually start adding Bitcoin and other crypto to their reserves this year?
Assuming they don't just stick to gold and digital pixels... 😁

brisksurfer71 said:You're going to regret not pulling the trigger back when you first posted this.

Don't be quite so certain. Gold is an incredibly sluggish, controlled asset—it moves at its own pace. Bitcoin, however, is volatile and inherently dynamic.
Just as it dropped from $19,500 down to $9,800, it can just as easily climb from its current $12,000 mark to $24,000...

Melissa Sanchez17 said:Honestly, there isn't really a straightforward answer to that one. 🤣
https://en.wikipedia.org/wiki/Gold_reserve

Think about how difficult it used to be to flee with your wealth and hide physical assets. Today—it’s different. You just take twelve words from your Bitcoin wallet and you can disappear anywhere. You could even just commit them to memory...😉

vividgull10 said:Crypto bubbles are obviously going to burst eventually. It’s just like what happened with the gold bubble.
That's how bubbles work—they pop.

Get out while you can and start looking for the next one.

Every bubble eventually bursts. The real challenge lies in determining at what level something becomes a bubble versus when it remains a profitable hold.

Take US stocks, for example—I was convinced they were a bubble back in 2021, yet look at them now. I missed the boat there—which doesn't mean my logic was wrong, but in investing, timing is everything. 😵

It’s the same story with Bitcoin. The question isn't whether it's a bubble, but rather whether we're looking at a $250 billion market cap bubble or a $2.5 trillion one.

That is a massive distinction.

Besides, if I were ever to sell my Bitcoin, I wouldn't pivot to stocks or bonds—I'd go straight into metallurgy. It's one of the few asset classes that isn't a bubble.

Because honestly, trading 1 Bitcoin for 10 ounces of gold seems like an incredibly good deal to me. :klap:

Robert Vaughn10 said:Fair enough, we should respect different perspectives and different paths to the same conclusion, but I find this guy highly reliable. My interest in his track record goes back to 1998. His call on Trump caught me off guard; I was genuinely surprised. But this part is worth noting:

The man is an expert. Besides, there's an upcoming big panel on gold and Bitcoin over at Kitco. Jim Rickards, coming from that "finance" crowd, argues that the crypto bubble is destined to burst. When you look at the context... it just shows how little he understands about gold. I'd say his grasp of it is at a level five, if not level six.
Even Peter Schiff shares that skepticism regarding Bitcoin—a man who was preaching about gold and stock market failures back in 2002. He didn't jump on the "crypto bubble" bandwagon immediately, but he's firmly committed to it now.😉

In case you weren't aware, both of them have been blowing the whistle on a crypto bubble since the entire market had a market cap of just $12.5 billion—which, frankly, was peanuts. I can't emphasize how insignificant that amount was.

Now, we are sitting at $600 billion. Is it possible we are currently in a bubble, or could we be looking at a 10x move? Only time will tell.

But returning to gold—while those two prominent investors were busy criticizing the "metallurgy" of crypto, they were essentially laughed at by Mike Malloney, James Turk, Andy Hoffman, Doug Casey, and a whole host of other gold bugs. You can probably imagine the reaction...😉

Melissa Sanchez17 said:The chump literally just copy-pasted his own text from back in 2014.

https://dailyreckoning.com/3-very-re...cial-collapse/ 🤣

It’s exactly this kind of behavior that landed him on my blacklist—and I actually wasted money on two of his books. He's honestly worse than those aggressive door-to-door telecom salesmen out in the suburbs.

He's even worse than Kingworld News. 😵

As for metallurgy—metals—I suspect they'll wrap up this year with a gain of roughly 20%. It seems obvious now that inflation is starting to catch up with everything.

I don't understand why everyone is getting so worked up. You still don't realize that banks—as institutions—don't actually need you. To them, you're just an overhead expense. They aren't looking for people like you; they want fools—clients they can squeeze for every cent—rather than dealing with individuals who simply cost them money.

As my colleague pointed out quite clearly, banks can pull liquidity from the Federal Reserve whenever they please—it’s practically free and available in unlimited quantities—yet you all insist on making their lives difficult with your own liquidity.

That is one layer of the issue. The second layer is the extreme intensification of financial repression, driven by a hungry government—not just ours, but every single one. It isn't just about individual transactions anymore; it's about the harvesting of every possible data point for the sake of total surveillance.

The solution to a problem of this magnitude lies in cryptocurrencies. And I am not talking about Bitcoin—which is merely pseudo-anonymous—but rather assets like Dash, Monero, Zcash, or PIVX. These allow for true peer-to-peer payments without any interference from banks, tax authorities, the state, or any other parasites.

Simply put: pay someone for goods or services using one of those cryptos, and you bypass the sales tax, capital gains tax, and all the other nonsense.