126 posts shown.
dustyheron5 said:And what if they switch to manual transactions—no power, no digital payments, just old-school cash... 😂
Then we simply buy what we need. 😁
quiettrucker12 said:Gold is interesting right now because we’re in that middle ground where commodities thrive while currencies sink during a crisis. But don't get it twisted—that doesn't mean currencies are going extinct, just like stocks didn't vanish back in 2008 or when things tanked again in 2014. I say "middle ground" because gold isn't particularly exciting during a total apocalypse, nor is it helpful in some rosy fantasy where someone magically wipes out debt without inflation. The ones getting hit hardest will be the funds and individuals sitting on mountains of cash. There's way too much of it floating around. The smart money? The few who actually time it right by pivoting from commodities into undervalued stocks.
Benjamin King2 said:Honestly, just buy out a whole poultry farm and turn all those chickens into solid gold—I promise you nobody is going to be scanning individual birds with a metal detector. 😁
ironstag8 said:Sure, they're visible—as long as you have enough power to run a monitor.
And they're easy to swap, provided there's actually someone left willing to take them.
The thing is, both the electricity and those buyers are going to become increasingly scarce.
vividgull10 said:probably just the NFP release...same old story every first Friday of the month😉
dustyheron5 said:👏
Silver entered its bull market after gold did...
And silver's consolidation period lasted nearly a year and a half—which is longer than gold's...
Both gold and silver are breaking through key resistance levels; the sentiment is becoming increasingly bullish.😉
If there is any truth to the rumors of central bank intervention this September... things are going to move up aggressively.😍
The broader picture is actually quite grim—I'm looking at the data coming out of China:
European Union exports dropped by 16.2% in July.
Exports to Italy fell by 26.6% (year-over-year).
Iron ore prices plummeted 33% over the last month alone.
The issues within the European Union remain unresolved—not a single one of them.
Things aren't exactly rosy for Americans either—with elections approaching, if they intend to help Obama secure a win, they'll need to be hitting "Ctrl+P" on those stimulus measures pretty hard.😂
analogharbor44 said:How much of a drop are we looking at today? Maybe 20-30 bucks?
placidlynx43 said:After trading a few hundred emails back and forth with Sinclair Broadcast Group, Ivory, Angry Andy, Embry-Riddle, and Turd Ferguson, I’ve come to one pretty simple conclusion: the price of Silver and Gold is going to be whatever the manipulators decide it's going to be. These guys can play this cat-and-mouse game for an eternity—way longer than any of us have the patience for. For instance, look at what happened today: right after the NPR Cartel dropped their announcement, they pumped gold up by $13 just to wipe out those spec short sellers, only to let it tank $20 later to crush the spec longs. You’ve got to wrap your head around the fact that gold jumping from $248 to $1,600 over the last 11 years didn't happen by accident—it happened because the Cartel pulled the strings. Period. Regardless of what the macro economic data says, prices will only move when and if the Cartel decides they're ready to move them.
Anthony Evans78 said:Their goal wasn't actually to pump the price of gold, but just to make sure it didn't skyrocket out of control. 🙂
Melissa Sanchez17 said:It’s finally happening! The Bank of England is printing money again, and the Federal Reserve just slashed rates. Plus, we’ve got that US jobs report coming up next.
+ And don't forget this. Gold is heading straight for $1500.
http://www.zerohedge.com/news/adp-sa...ufacturing-jobs
Anthony Evans78 said:I can hold out for a while, but there’s a limit.
Specifically, I'll last until one of the big players decides to actually stand for delivery, or until the sheep finally wake up and realize you can't just "dump" an entire year's worth of silver production in a single hour... who knows what kind of black swan we're looking at.
It's the same story with the whole financial system... between Madoff, JPMorgan Chase's trading losses, and the LIBOR scandal—which was easily the biggest fraud in history—it feels like these bankers are slowly losing their grip on things.
dustyheron5 said:It really strikes me as odd that you haven't received an answer to that question yet... so, I'll provide one for you.
Since the central banks of the USA, Germany, Italy, and France already hold substantial gold reserves within their total holdings, they simply have no urgent need to buy more. There is no serious movement toward reinstating the gold standard anyway—though perhaps gold might eventually serve a role in backing a new currency?
China, meanwhile, holds massive reserves—mostly in paper assets—and likely wants to diversify those holdings by increasing gold's share of their reserves from a mere 1-2% up to something closer to 10-12%.
In my opinion, anyone watching this crisis of epic proportions unfold cannot sleep soundly without owning tangible assets—whether that be gold, silver, real estate, water, or energy—held in a percentage that feels right to them.
hollowmoose21 said:Here we go again with this "forbidden fruit" nonsense, so I’ll give you my answer one more time.
That logic might work if you're talking about sleeping with your neighbor's wife or something, but it has zero business being applied to where you park your life savings.
It’s funny how nobody has actually come up with a coherent reason why these various "bans" would even happen. I remember chewing this over with Maximus once, and the big argument was basically just "there would be riots..." Some gold bugs think we're heading back to a gold standard, but honestly? It feels more like gold will just move to an underground scene—at least for the average Joe. I think Armstrong has been hinting at something similar lately too.
Look, I'm not saying holding gold isn't a good move. Far from it. But these kinds of weak arguments really grate on me, NHF.
If owning gold were actually a bad thing, most buyers in the States wouldn't be busy stashing their bullion in vaults at Swiss or Austrian banks, effectively killing one of the biggest perks of owning physical assets.
placidlynx43 said:Yeah, well, that's crystal clear. But honestly? I think this brutal deflationary stretch is going to hang around at least until the end of the year. Only then will we see some massive global Quantitative Easing or whatever they decide to call it this time around. It's the same old playbook: first they hit us with deflation, then they pivot to hyperinflation—all designed to wreck the middle class and pave the way for nothing but digital currency. Looks like George Orwell was about twenty years too early on this one.