Gold: Past, Present, and Future

placidlynx43 said:So, now we’ve got Moody's downgrading banks in the USA, and honestly? I wouldn't be surprised if the big US banks are next on the chopping block. It makes me nervous that those levels at 1523/1526 could get absolutely shredded—I'm legitimately worried we might see a slide down toward 1460-1470. If that happens, mining stocks are going to get absolutely massacred. That's why I dropped the link to Kim Kardashian's comment earlier. To be real with you guys, I think we're staring down the barrel of some major bank failures and full-blown bank runs... basically entering a deflationary depression that could drag on for a while. My gut says we aren't seeing any more Quantitative Easing this year.

Always some conspiracy theory going around 😍. Paper gold and paper silver... what about oil? Nobody is actually buying physical barrels of oil, right? There's tons of manipulation there.
If I remember correctly, gold totally took off after that AAA credit rating downgrade last year!

Checking out the exchange Rates and it looks like everyone is sprinting toward the greenback!

There’s just no such thing as long-term deflation while central banks can still print money out of thin air... is that really so hard to wrap your head around? 🙂
It’s been obvious for ages that we don't have a free market, just endless manipulation...

analogharbor44 said:Always some conspiracy theory going around 😍. Paper gold and paper silver... what about oil? Nobody is actually buying physical barrels of oil, right? There's tons of manipulation there.
If I remember correctly, gold totally took off after that AAA credit rating downgrade last year!

Well, duh—conspiracies are everywhere, whether we're talking about oil or the stock market. There's no such thing as a "free market." Prices end up wherever the manipulators and The Fed decide they should be.
The American credit rating didn't drop because S&P just felt like being difficult; it happened because The Fed—who basically built and runs S&P anyway—wanted it that way. Gold prices, oil, stocks... none of it actually follows the real laws of supply and demand or any kind of free market logic. What we're seeing globally today is just a total illusion, a fake reality that has zero connection to the actual state of the economy or society.

Anthony Evans78 said:There’s just no such thing as long-term deflation while central banks can still print money out of thin air... is that really so hard to wrap your head around? 🙂
It’s been obvious for ages that we don't have a free market, just endless manipulation...

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.

Sure, maybe. But once the deflationary period passes, we get a temporary "recovery" before hyperinflation hits.
The push for a purely digital currency is just one last desperate move by the banking elites...

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.

If they’re really trying to push us toward a purely digital economy, then gold is gonna absolutely tank!😕

analogharbor44 said:If they’re really trying to push us toward a purely digital economy, then gold is gonna absolutely tank!😕

It’s not going to just fall off a cliff. What’ll actually happen is its value—in terms of today's dollars, anyway—will get pumped up to insane levels right up until they roll out the digital stuff. But once those vultures pass the laws to either "nationalize" it or just flat-out ban people from trading it? Game over. And obviously, they aren't coming for them—they're coming for us regular folks.

They won't ban it. If they did, the average person would finally start paying attention—and everyone knows the forbidden fruit always tastes the sweetest. 🙂

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.

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.

Just because the government here is structured like an absolute disaster doesn't mean everyone else operates on the same level of stupidity. Within the EU, there are specific regulations stating that investment-grade gold is exempt from VAT and other taxes. Until the US aligns its laws with these standards, we'll see people pulling their gold out of overseas vaults and bringing it back home, waving it right in the faces of customs agents...

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.

First off, there aren't any bans yet. 🙂All we have are high tariffs and taxes that'll basically evaporate once we fully integrate further into the EU (though they'll probably keep the sales tax on silver).
Secondly, watching people haul precious metals into foreign bank vaults is just plain stupid. I’d love to see how they plan on retrieving it if things truly go south. And let's face it, Americans are notorious for being overly optimistic when it comes to their finances.

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.

So far, nobody has given me a single logical reason why the US, Germany, France, or Italy aren't buying up gold, but instead, they're looking toward places like Kazakhstan or China. Maybe China has its own special reasons for hoarding it. Personally, I don't see us returning to the gold standard anytime soon. Plus, half of the annual gold production just goes straight into rings and bracelets! 😍

analogharbor44 said:So far, nobody has given me a single logical reason why the US, Germany, France, or Italy aren't buying up gold, but instead, they're looking toward places like Kazakhstan or China. Maybe China has its own special reasons for hoarding it. Personally, I don't see us returning to the gold standard anytime soon. Plus, half of the annual gold production just goes straight into rings and bracelets! 😍

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.

This chart says it all.
http://goldsilver.com/news/us-dollar...ld-since-1900/

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.

Thanks! I'm not totally sold on how big this crisis will actually get, though. If it really turns out to be epic, we might even see actual warfare. But I'm not convinced it'll reach those heights. 🤷We'll see. My bet is everyone is just going to keep printing money. Time is running out...

Look, I’m not saying it’s a guaranteed certainty, but I honestly think we could see gold slide down to $1,450, silver hitting the $22-$23 range, and mining stocks taking a massive 20-25% haircut. If that actually plays out—and if it does—I’m convinced those levels will be the absolute floor. Once things start moving back up from there, we’re looking at a buying opportunity so legendary we probably won't ever see anything like it again. Gold, silver, and miners are going to kick off a rally and blow past current levels several times over. I’m 100% certain on that.
Also, my take is that the next massive leg up will be triggered by QE3—or whatever they decide to call it this time around. As for when that hits? Honestly, I think only the Federal Reserve and the cartel really know the timeline. But, I’m totally on board with what Michael Pent said about the Fed pulling the trigger on QE3 once one (or more) of these specific conditions are met:
1. Unemployment ticks up from the current 8.2% to 8.5%
2. The S&P 500 drops below 1,200
3. The CPI (YOY) slides from its current 1.7% to under 1%

If you ask me, scenario number two is the most realistic, which is exactly why I think a drop in gold, silver, and miners to those targets mentioned above is a real possibility.

analogharbor44 said:Thanks! I'm not totally sold on how big this crisis will actually get, though. If it really turns out to be epic, we might even see actual warfare. But I'm not convinced it'll reach those heights. 🤷We'll see. My bet is everyone is just going to keep printing money. Time is running out...

Look, this really is a crisis of epic proportions—regardless of what the mainstream media tries to tell you. They'll deny it all day, but humanity has never faced a mess quite like this one. We're looking at the de facto bankruptcy of every major financial institution and every government across the Northern Hemisphere. In my book, war is a very likely scenario here.

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.

If you ask me, contrary to all the official noise, China already has about 10-12% of its reserves in gold—we're talking somewhere between 5,000 and 8,000 tons.

Anthony Evans78 said:This chart says it all.
http://goldsilver.com/news/us-dollar...ld-since-1900/

Alright, look, sure, that graph basically proves that currencies are losing their value against gold—honestly, they're losing value against just about everything else these days—but it doesn't actually touch on why gold has skyrocketed sevenfold while the US dollar has managed to tank by 25% over the last decade alone.😕