Gold: Past, Present, and Future

Paul Peterson4 said:Man, what a presentation. This guy’s basically assuming we’re heading straight toward nationalizing the banks and banning CDSs and put options. What a total disaster—yeah, right.
According to his logic, we’d be regressing about 3,000 years back into the Stone Age.
He seems to conveniently forget a few things:
1. Banks have massive political clout. They’ve been "bailed out," "recapitalized," and "restructured" more times than I can count—and honestly, they’ll just do it again.
2. The whole crisis was fueled by the banks themselves and the kind of speculation that’s now driving interest rates on sovereign debt to absolutely insane levels. A primary offering would be a hell of a lot better than this current scam.
3. The modern economic system is becoming a complete joke. It’s just concentrating wealth in the hands of the top 0.1% while everyone else gets squeezed dry. You can't keep doing that forever—it’s essentially cannibalizing its own customer base.

As for gold, I assume it’ll climb during the crisis—specifically, when they start pumping more money into the system through further QE. People expect gold and silver to hold their value and rally every time there's a stimulus. Personally, though, I’m expecting a much bigger move if we see a bank run on precious metal funds that don't actually hold any physical bullion.

The world isn't going to collapse like he predicts... but once things really heat up, primary issuance will solve all the debtors' problems.😁
...and we've seen that play out firsthand in our old country. 😍
If the creditors end up getting screwed, that's on them... clearly they didn't look up what "sovereign" actually means in a dictionary.🙂

dustyheron5 said:I’ve bought silver and I’m holding it off the books... so what exactly is Linić going to do about it, if you can even call it that?😂.........he’ll never lay eyes on that silver.🤣.....and when—or if—I decide to sell, it’ll go to someone who actually understands the difference between Linić's bonds and physical silver......
😍
besides, in this part of the world, we've seen six different countries and twenty different currencies cycle through in the last 90 years......yet gold and silver still hold value for some kid down the street.....unlike those mighty banknotes that were once considered "precious," but now nobody even remembers their names...😉

Look, man, don't get worked up. You gotta stay cool. I'm just trying to warn you: don't get too cozy thinking this investment is bulletproof. Keep your eyes peeled—I literally just bought a new pair of glasses for this reason. 😁). And my gut tells me things are gonna get messy here too. When governments get backed into a corner, they act like cornered rats. They start making desperate, insane moves. Honestly, they're already doing it 😬
I'm not even gonna touch the whole paper money vs precious metals debate; you already know where I stand.
But the fate of precious metals in America, the European Union, the USA, AU, or Singapore? Now *that* is worth a real conversation. 😍

hollowmoose21 said:Look, man, don't get worked up. You gotta stay cool. I'm just trying to warn you: don't get too cozy thinking this investment is bulletproof. Keep your eyes peeled—I literally just bought a new pair of glasses for this reason. 😁). And my gut tells me things are gonna get messy here too. When governments get backed into a corner, they act like cornered rats. They start making desperate, insane moves. Honestly, they're already doing it 😬
I'm not even gonna touch the whole paper money vs precious metals debate; you already know where I stand.
But the fate of precious metals in America, the European Union, the USA, AU, or Singapore? Now *that* is worth a real conversation. 😍

I get it, everything is fine—I just wanted to suggest that you might all be worrying a bit too much😉........especially regarding the whole cartridges vs. metallurgy topic........what matters more will be the application of a triple S strategy....😍
imho

We’ll find out soon if we can push toward 1660 by Monday, or if yesterday's 1641 was the peak. If it was, we’re looking at about ten days of a slow slide down to 1600—maybe even hitting 1575. After that, I'm hoping for a rally bigger than this recent 7.5% jump ($115, from 1526 up to 1641), slowly grinding our way toward 1800 or 1900 by the end of summer. Bernanke is speaking today, and gold usually takes a hit when he does. If I recall correctly, the speech is at 10 AM ET.

quiettrucker12 said:We’ll find out soon if we can push toward 1660 by Monday, or if yesterday's 1641 was the peak. If it was, we’re looking at about ten days of a slow slide down to 1600—maybe even hitting 1575. After that, I'm hoping for a rally bigger than this recent 7.5% jump ($115, from 1526 up to 1641), slowly grinding our way toward 1800 or 1900 by the end of summer. Bernanke is speaking today, and gold usually takes a hit when he does. If I recall correctly, the speech is at 10 AM ET.

And that's exactly how it played out. A downward move. We'll just have to wait and see.

Good grief 🤦 .

Whenever the "experts" start sounding the alarm, that’s my cue to go all in...

P.S. Spot on prediction, quiettrucker12 ... damn Ben.

Following the news yesterday that they’re slashing their US debt holdings by one-sixth, the Federal Reserve announced today that they intend to buy gold worth roughly $1 billion in an effort to bump their bullion reserves from 12% up to 15%.
Given where gold is trading right now, this strategy should push the country's official stash from 98 tonnes up to about 120 tonnes.

Reports came out earlier this week showing that China's gold imports via Hong Kong reached 102 tonnes in April—that's a massive 60% increase compared to this time last year.

I was reading that our folks over at the Federal Reserve have pumped up the reserves to 14 billion euros. It's highly unlikely that those idiots (the leadership there...) would even consider buying gold.

ironstag8 said:

Following the news yesterday that they’re slashing their US debt holdings by one-sixth, the Federal Reserve announced today that they intend to buy gold worth roughly $1 billion in an effort to bump their bullion reserves from 12% up to 15%.
Given where gold is trading right now, this strategy should push the country's official stash from 98 tonnes up to about 120 tonnes.

Reports came out earlier this week showing that China's gold imports via Hong Kong reached 102 tonnes in April—that's a massive 60% increase compared to this time last year.

I was reading that our folks over at the Federal Reserve have pumped up the reserves to 14 billion euros. It's highly unlikely that those idiots (the leadership there...) would even consider buying gold.

Even if they did have the bright idea, they probably wouldn't "be allowed" to.
But the real question isn't whether they would, it's what would happen if they actually had the nerve to try...
Honestly, they'd be better off dumping money into silver; the market impact would be massive,
which might actually trigger a gold rally far more effectively than just buying bullion directly.
And then, the great irony would unfold: Americans laughing at Kazakhs in the movies, while we end up looking like the fools...

feralpuma12 said:Good grief 🤦 .

Whenever the "experts" start sounding the alarm, that’s my cue to go all in...

P.S. Spot on prediction, quiettrucker12 ... damn Ben.

From what I can tell, they're mostly suggesting jewelry or just tiny amounts of gold.

I'm pretty sure buying jewelry just to flip it for profit is a losing game.

dustyheron5 said:I’ve bought silver and I’m holding it off the books... so what exactly is Linić going to do about it, if you can even call it that?😂.........he’ll never lay eyes on that silver.🤣.....and when—or if—I decide to sell, it’ll go to someone who actually understands the difference between Linić's bonds and physical silver......
😍
besides, in this part of the world, we've seen six different countries and twenty different currencies cycle through in the last 90 years......yet gold and silver still hold value for some kid down the street.....unlike those mighty banknotes that were once considered "precious," but now nobody even remembers their names...😉

hollowmoose21 said:Look, man, don't get worked up. You gotta stay cool. I'm just trying to warn you: don't get too cozy thinking this investment is bulletproof. Keep your eyes peeled—I literally just bought a new pair of glasses for this reason. 😁). And my gut tells me things are gonna get messy here too. When governments get backed into a corner, they act like cornered rats. They start making desperate, insane moves. Honestly, they're already doing it 😬
I'm not even gonna touch the whole paper money vs precious metals debate; you already know where I stand.
But the fate of precious metals in America, the European Union, the USA, AU, or Singapore? Now *that* is worth a real conversation. 😍

I'm quoting both posts because I honestly agree with pretty much everything said in both of them.

Especially that part about governments acting like rats. I mean, history is just full of examples of that happening during times like this; and if you ask me, we're seeing some pretty sketchy trends from our own Government right now...

-briskjackal5

Melissa Sanchez17 said:I honestly don't get why these "non-believers" think we "believers" actually believe this bull market is going to last forever 😕

It’s all because of those claims—you know, things like saying gold and silver "can't possibly be overpriced," or arguing that the US dollar standard today is nowhere near what it was back in 1971.

Melissa Sanchez17 said:I honestly don't get why these "non-believers" think we "believers" actually believe this bull market is going to last forever 😕

It’s because of certain claims—stuff like 'gold can't be overvalued,' or 'gold prices have been manipulated for 2,000 years and will stop in five years,' and so on.

From what I can tell, shadow isn't even claiming that gold and silver aren't solid investments right now; he’s simply debunking the flawed logic some gold and silver enthusiasts use to try and talk people into buying up precious metals.

For instance, the idea that the global financial system is on the brink of total collapse and there's zero chance fiat currency survives—but somehow, we won't see any gold confiscations or a Third World War, instead everyone will just collectively wake up and say, 'Hey, this cash is basically worthless paper, let's start trading in gold,' suddenly making all these gold bugs 100x wealthier overnight. I mean, where exactly are you getting that crystal ball from? 🙂

ironstag8 said:

Following the news yesterday that they’re slashing their US debt holdings by one-sixth, the Federal Reserve announced today that they intend to buy gold worth roughly $1 billion in an effort to bump their bullion reserves from 12% up to 15%.
Given where gold is trading right now, this strategy should push the country's official stash from 98 tonnes up to about 120 tonnes.

Reports came out earlier this week showing that China's gold imports via Hong Kong reached 102 tonnes in April—that's a massive 60% increase compared to this time last year.

I was reading that our folks over at the Federal Reserve have pumped up the reserves to 14 billion euros. It's highly unlikely that those idiots (the leadership there...) would even consider buying gold.

If they were to buy in at these current prices—which have basically just been flatlining or dipping for the last six months to a year, sitting around $1,600—after having sold it off when it was $200? That would be the idiocy of the century. For a central bank to make that move now would be absurd.

I get it. A small-time speculator can pick up some gold at these levels and bet on a short-term rally. But for a central bank to step in and gamble that, after ten straight years of climbing, the price might finally take a dip? Really??

Harold Martin10 said:It’s because of certain claims—stuff like 'gold can't be overvalued,' or 'gold prices have been manipulated for 2,000 years and will stop in five years,' and so on.

From what I can tell, shadow isn't even claiming that gold and silver aren't solid investments right now; he’s simply debunking the flawed logic some gold and silver enthusiasts use to try and talk people into buying up precious metals.

For instance, the idea that the global financial system is on the brink of total collapse and there's zero chance fiat currency survives—but somehow, we won't see any gold confiscations or a Third World War, instead everyone will just collectively wake up and say, 'Hey, this cash is basically worthless paper, let's start trading in gold,' suddenly making all these gold bugs 100x wealthier overnight. I mean, where exactly are you getting that crystal ball from? 🙂

history.
History tends to loop back on itself—mostly because people rarely bother to actually learn anything from it. ☕

neondriver5 said:If they were to buy in at these current prices—which have basically just been flatlining or dipping for the last six months to a year, sitting around $1,600—after having sold it off when it was $200? That would be the idiocy of the century. For a central bank to make that move now would be absurd.

I get it. A small-time speculator can pick up some gold at these levels and bet on a short-term rally. But for a central bank to step in and gamble that, after ten straight years of climbing, the price might finally take a dip? Really??

It's pure idiocy. It’s like something out of a slapstick comedy where everyone loses their minds. ☕
And let's not forget how unpredictable global markets can be.
The real idiocy here is that we don't hold any gold, that we sold off our reserves, and that while everyday Americans see their wealth leaking out through the cracks, the Government couldn't care less.

ironstag8 said:history.
History tends to loop back on itself—mostly because people rarely bother to actually learn anything from it. ☕

It's pure idiocy. It’s like something out of a slapstick comedy where everyone loses their minds. ☕
And let's not forget how unpredictable global markets can be.
The real idiocy here is that we don't hold any gold, that we sold off our reserves, and that while everyday Americans see their wealth leaking out through the cracks, the Government couldn't care less.

I don't think history actually repeats itself—anyone who really studies the subject knows that's a bit of a stretch. Sure, you'll see certain patterns or similarities between different eras, but there isn't some scientific rule governing it. So, I guess we’re back to relying on crystal balls, aren't we? ☕

Harold Martin10 said:I don't think history actually repeats itself—anyone who really studies the subject knows that's a bit of a stretch. Sure, you'll see certain patterns or similarities between different eras, but there isn't some scientific rule governing it. So, I guess we’re back to relying on crystal balls, aren't we? ☕

History doesn't repeat itself, but it sure does rhyme.

Paul Peterson4 said:Yeah, the whole silver story is pretty fascinating. They say a modern car uses roughly an ounce of silver, and high-end models can take two or three. Then you've got all the electronics, medical gear, and whatnot. If the math holds up, and we keep burning through it at this rate, we could run out of mineable silver in maybe 20 years once everything reachable is dug up. Of course, recycling is always an option.

Following that logic, the value of silver could easily multiply. The real threat would be if it becomes too expensive for industrial use—basically, if someone invents a synthetic substitute that’s cheap enough to actually work.

There's also a massive amount of chatter about how silver prices are being manipulated right now to keep them artificially low. It's highly likely that a huge chunk of those ETFs claiming to offer "silver exposure" are basically just gambling on price movements without actually holding any physical metal.

Some of the hardcore physical collectors are predicting prices will go straight to the moon, which is probably over-the-top optimistic. Still, it wouldn't hurt to pick up some coins and tuck them away—right now, the price is still pretty low, especially when you look at it compared to gold.

ironstag8 said:A synthetic material? You might as well join the army of alchemists who have spent all of history trying to conjure gold out of thin air.

It isn't allegedly or probably—it simply is. ☕

I actually just sat through a lecture on a new material that could potentially replace platinum as a catalyst in fuel cells (among other things)... For anyone looking at the long-term value of precious metals, I think ignoring their industrial utility is probably a mistake.

In about a week, Greece will head to the polls for an election that essentially decides their fate: will they accept the bailout conditions, or leave the monetary union entirely? Meanwhile, we’re getting fresh reports that Spanish banks are expected to formally request rescue packages in the coming days.

I'm curious—how much of an impact will a potential Greek exit and the Spanish bank bailouts have on precious metal prices? Everything seems poised to boil over within the next two or three weeks, if not sooner. How are you all preparing for this volatility?

I’m sticking to the same plan I’ve had for years: grabbing as much PM as I can get my hands on whenever possible.

Anthony Evans78 said:I’m sticking to the same plan I’ve had for years: grabbing as much PM as I can get my hands on whenever possible.

My goal is to catch the bottom—to be positioned as close to the floor as possible. Is it actually feasible to predict if this news will drive metal prices even lower, or will it serve as a signal for a rally? It was just confirmed that the US government approved a $100 billion bailout package, but I suspect that amount falls short of what is truly required to stabilize things...