Posts by Anthony Evans78

It's option expiry day, so we're likely looking at another dip in gold and silver prices 🙂

Said what she said? Please...
What we wrote was the truth. Eric Sprott is trying to scoop up millions of ounces, and he’s struggling. Why? Because you can't just pull that much capital out of thin air at once.
And I don't know how many times I have to say it: the paper price doesn't matter.
Nobody expects gold prices to skyrocket overnight, even given the current mess. When Nixon decoupled the dollar from gold, it still took four years for the price to jump from $35 to $170.

It started bubbling up last decade, but this year? It’s about to blow wide open.
Have you heard the rumors about Indians buying oil from Iranians using gold?☕

Of course they're leaving.
It's just not going to happen all at once, right?

Are you actually serious right now? 🙂
I'll assume you aren't joking...
What do you think happens if India and Iran start trading gold for oil? You really believe that won't cause some major chaos?
First off, gold prices would skyrocket. Second, it speeds up the death of the dollar. Third, what happens to the countries that don't have access to either dollars or gold? And fourth, do you honestly think the USA is just going to sit there and watch this unfold?
Don't you realize that Saddam and Gaddafi paid with their lives because they dared to suggest moving away from the dollar and establishing a gold standard in the Middle East?
I guess you can figure the rest out for yourself...

If this turns out to be true, all bets are off...
http://www.debka.com/article/21673/

What a disaster, absolute train wreck 🤦

History repeats itself whenever fiat currency is involved. People flock to precious metals because they’re scared—and rightfully so—that the money printers will eventually wipe out their life savings.
The whole QE1 and Queen Mary 2 era was just throwing cash at banks to keep them afloat. It wasn't even meant to help the economy, let alone save it. 🙂
If you ask me, we aren't even in the second phase yet because the Everyman hasn't started buying gold. Around here, nobody understands this stuff outside of us on forums like this. Seeing a few "we buy gold" signs in US cities isn't a sign of a bubble. We can talk about hysteria once reporters are stationed at the borders interviewing people who are fleeing the country just to BUY gold. But unlike other speculative manias, this won't be about trading profits; it'll be a fight for survival.
Crises don't just happen by accident. The same people trying to "fix" the current mess are the ones who caused it in the first place. There's a reason for that. The wealthy get wealthier, while the poor scavenging for scraps don't have much to lose anyway. The real victims will be the remnants of the middle class, who are basically being turned into serfs. Location doesn't matter—America, Europe, Asia... it's all the same. The system is collapsing, and 99% of people are completely oblivious to what's actually happening.
As long as they stay blind, precious metals will keep shining.

quiettrucker12 said:If people thought that kind of scenario was going to hit by late 2012, they were dead wrong—especially considering how much the Dollar has been gaining ground over the last eight months. For some reason, Americans don't seem to grasp that they aren't the ones who'll be left holding the bag; it’s the Eurozone. Sure, they’ll feel the ripple effects once Europe hits the fan, but I highly doubt the epicenter will be here in the States. The US situation isn't what's going to drive the final gold bubble, at least not during the first two-thirds of it.

Both sides are going to find themselves in a bit of a mess, to put it mildly.
The dollar has only "strengthened" against other fiat currencies, nothing more.
The real question is just who collapses first: the dollar or the euro? Honestly, it doesn't much matter which one goes under first; everything is so interconnected through the big banks that if one falls, the other is coming right down with it.

I’m worried this is just the calm before the storm... or maybe Americans are just getting cold feet about those coastal missile strikes? 🙂

Machiavelli said:What kind of argument is that? So gold was used as currency once? People sacrificed virgins and burned witches—what’s your point? Sure, people used gold when they didn't know any better, but now we have actual money and currencies. It’s far from perfect; inflation eats us alive and we can't control the printing presses, but it’s the best system we've got. It doesn't really matter what you call the currency. Maybe one day all these different systems will just vanish, leaving us with a single "Euro-American" used by the entire world.

It wasn't just a thing of the past; they’re still doing it. Why is CBS buying up gold? Is it just tradition?😁
So now we actually understand how to handle money and currencies. Isn't that just great?
What exactly are you trying to get at here?🙂
Is inflation just some natural force that slowly eats away at us on its own? Or is there more to the story? 🙂

Machiavelli said:You’ve completely lost the plot here. Look, you're entitled to your opinion, but don't try to drag everyone else down with you when you're clearly wrong. A unit of mass measures how much something weighs, not what it costs. Why even bother?

Value only exists in relation to something else, doesn't it? To me, grams are the standard of measurement, but I suppose you’d say it's the dollar.

Machiavelli said:Good grief, people. Can't you see? A single gram of silver is worth maybe $30 right now—that’s just a quarter of a barrel of oil or a certain amount of wheat. A year ago, it was sitting at $40, which bought you a third of a barrel of oil or even more wheat. Doesn't anyone notice the pattern?

Do you realize the dollar used to be measured against gold and silver, rather than the other way around? 🙂

Machiavelli said:You have to realize we aren't living in the era of Julius Caesar or the Roman Empire or Byzantium. It’s 2012. We don't trade in bartering anymore; we use GDP. You produce value, you get paid in currency, and then you use that money to buy things other people made. Simple, right?

Who was talking about Trump? They used money. And they had a GDP.
The thing you clearly aren't grasping is that a currency only works if people actually trust it. If things worked the way you think they do, why don't we just print up trillions of dollars and buy the whole world? We can't, right? Because nobody believes our paper has any actual value. It’s the same story waiting to happen for the dollar or the euro once the masses finally wake up and realize it's all just scraps of paper or digital entries that can be conjured out of thin air in a second.
When that day comes, what do you think people will actually use as money?