Posts by dustyheron5

In investing, there isn't a single asset class that climbs steadily through every cycle—one era favors equities, while another might favor metals...

I honestly wonder how much WB actually cleared from those Goldman Sachs shares back in 2008... probably about the same amount NB made when they picked up ExxonMobil during that same stretch...🙂

On September 24, Buffett helped Goldman Sachs (GS) by buying GS preferred stock with a 10% coupon and warrants for $5 billion. The warrants can be exercised at $115. The stock was around $114 last week. So, the warrants are underwater.

One week later, on October 1, 2008 he invested $3 billion in General Electric (GE), which needed the cash because the commercial paper market was frozen. The GE stock had a coupon of 10% interest, the same as for the GS investment. He got warrants to buy $3 billion of stock at $22.50. The stock was trading at $18 one week ago. The warrants are underwater.

quiettrucker12 said:If the Dollar keeps sliding until it hits rock bottom, it’ll end up being too strong even for Ben’s little toolkit to handle. This can't last forever. We might see the DXY drop to 78, maybe even lower, but once it does, it has to snap back hard—tearing through everything (stock market, precious metals) in its path. The deeper the fall, the bigger the bounce.

What we are witnessing now has almost nothing to do with traditional market mechanics—just look at this simulation and see for yourself...

While the surge of high-frequency trading over the last five years—driven by Reg NMS—isn't much of a shock to anyone, the first visual proof of the market fundamentally breaking on August 5, 2011, is staggering. That was the day the US credit rating was slashed. Which begs the question: what really happened in the stock market on August 5 when the US was downgraded to AA+, when the entire system essentially malfunctioned, who is constantly stepping in to intervene, and why are they using complex HFT intermediaries to do it?

http://www.zerohedge.com/news/presen...-downgrade-day

If things go south in the US, Ben is going to hit CTRL + P twice as fast—and that gold will be gone faster than two shots of bourbon.

The Federal Reserve chairman is doubling down on his promise to "do whatever it takes" to protect the US from the fallout of the Great Depression as American political leaders gear up for high-stakes negotiations to prevent a massive debt default.

quiettrucker12 said:It looks much more likely to happen in 1900 than in 1500... The Federal Reserve probably changed the entire game. Gold is just a side note here; we're talking about currencies and the stock market.

I don't think technical analysis carries much weight right now when it comes to precious metals.......🤣

Eric Sprott—gold hitting $2,000/oz before year-end, silver climbing past $100/oz...

http://kingworldnews.com/kingworldne...old_Price.html

Not bad at all 👏

I’m genuinely curious if gold and silver can actually break through these resistance levels—the US and Europe have certainly been printing money like there's no tomorrow lately...
http://kingworldnews.com/kingworldne...ime_Highs.html

As Mises wrote, “The longer the inflationary boom continues, the more painful and severe will be the necessary adjustment process… the boom cannot continue indefinitely, because eventually the public awakens to the governmental policy of permanent inflation, and flees from money into goods, making its purchases while [the currency] is worth more than it will be in future.” “The result will be a ‘runaway’ or hyperinflation, so familiar to history, and particularly to the modern world. Hyperinflation, on any count, is far worse than any depression: it destroys the currency – the lifeblood of the economy; it ruins and shatters the middle class and all ‘fixed income groups;’ it wreaks havoc unbounded… To avoid such a calamity, then, credit expansion must stop sometime, and this will bring a depression into being.”

quiettrucker12 said:Oil prices are tanking instead of climbing like everyone predicted. So much for all that talk about an attack on Iran.

Oil is falling because Americans and Europeans have effectively abandoned the blockade on Iranian oil exports to Europe for the next six months... they realized that any supply shortages in Europe right now would be catastrophic for their economy.

Melissa Sanchez17 said:Well, it is the weekend 😍. The decision should drop tonight once the US markets close. I'm still a bit uneasy about Austria. That whole mess Orban started😍

Look, it isn't just his doing—it's because those greedy Austrian banking elites have expanded their reach into Ukraine, Romania, Mexico, Bulgaria, and beyond... they are seeing massive losses there too.
You can't honestly think things are any brighter over there than they are in Canada, Canada, or right here at home.
🤣

It’s classic AT&T—always timing these uncomfortable announcements right before the weekend. It gives investors, hedge fund managers, and the rest of the crew enough time to knock back a few Nomobals or Apaurins just to stay calm until Monday.🤣.........that way they don't go making any reckless moves before heading out on a fishing trip for the next few months.😍

If Italy is rated BBB, then what does that make us? Some kind of bottom-tier joke?😂

Melissa Sanchez17 said:Honestly, everything is pointing that way. All those key players getting cycled out over the last few months? It's a pattern. If things actually kick off, oil is gonna fly past $150 easy. I really, truly hope it doesn't come to that, though. As for these arguments, I feel like we've hit a 🙂
wall. Some people still act like gold hasn't been used as actual currency since the days of Julius Caesar

If they had listened to Manita's sense, they wouldn't be doing this. 🤣
Because if the plans presented by Rickards are actually in motion, we are in deep trouble. It won't just be gas hitting $5.00 prices—everything will spike. In that scenario, you need to stock up on canned goods, beans, coffee, chocolate, beef jerky, toiletries, soap, detergent, and enough supplies to last several years. 😍

The current crisis will look like a picnic compared to what's coming. 🥳

Daniel Perez13 said:I guess they should be consistent, since they represent financial institutions. What really matters is whether the actual firms behind the products you buy through Wells Fargo or Charles Schwab are reliable. They're just intermediaries; if they disappear, your assets stay with the underlying institution.
If you want actual advice and someone to actually watch your back, you're going to have to pay for it.
Free stuff is usually worth exactly nothing. Basically, the advice isn't worth a dime, but the sales pitch is—because that's how they make their money. Since you need certain products anyway, why wouldn't you buy them there? You just have to realize this is sales, not consulting, because you haven't paid for any real advice.

This is one of the most widespread misconceptions out there regarding personal finance.
The best advice I've ever received came from people I didn't pay a cent—and, frankly, I've passed that same top-tier advice along to my friends without charging them a dime.

I truly cannot wrap my head around how anyone could view a retail banker—someone whose paycheck comes directly from the bank—as a legitimate personal financial advisor.
🤣

The most valuable things in life don't come with a price tag.