Gold: Past, Present, and Future

neondriver5 said:

Prove it!

My mistake—I meant silver. Gold has actually been flat for the last six months.

Did it just click for you? If you haven't realized yet, the price of gold or silver in dollars or euros doesn't mean a thing to people like us. Personally, I prefer it lower so I can stack more. I have zero intention of swapping my precious metals for depreciating paper money.

Oh, really? Are we all just hoarding silver coins and gold bullion to play a convincing game of Monopoly when society eventually collapses?
You're buying because you're playing the long, and let's be honest, you're entitled to do just that.

neondriver5 said:

Prove it!

My mistake—I meant silver. Gold has actually been flat for the last six months.

Did it just click for you? If you haven't realized yet, the price of gold or silver in dollars or euros doesn't mean a thing to people like us. Personally, I prefer it lower so I can stack more. I have zero intention of swapping my precious metals for depreciating paper money.

Oh, really? Are we all just hoarding silver coins and gold bullion to play a convincing game of Monopoly when society eventually collapses?
You're buying because you're playing the long, and let's be honest, you're entitled to do just that.

analogharbor44 said:Even though the Federal Reserve, Bank of England, Federal Reserve, and Bank of Japan all said they’d just print money forever, gold prices in those currencies haven't even budged!😂

Anthony Evans78 said:It's because all that liquidity they conjured up is still just sitting in bank vaults instead of being unleashed onto the open market.
Once that floodgates finally open, you might want to find somewhere to hide.
And ideally, that hiding spot is made of gold and silver. 😉

Anthony Evans78 said:I don't have a crystal ball to give you a straight answer. But we all know how this goes. Why did they get the money in the first place? Because they’re insolvent, broke, or just plain out of cash—call it whatever you want. You really think they can stay in business by constantly getting handouts from the Federal Reserve? That's not how banks operate.
UniCredit hasn't fixed a single one of its issues. They basically got a free pass to delay an inevitable collapse. What we're looking at right now is zombie banking: dead, but still walking. The fact that the funds came directly from the Federal Reserve instead of through interbank lending tells you everything you need to know. Why? Because nobody trusts anyone else anymore; they all know exactly how bad things are. It's just a matter of waiting for someone to shout "Carl is king!" and then it's game over.

Anthony Evans78 said:Ah, Warren Buffett... probably the biggest insider trader in human history.
And lately, if you ask me, he seems to be losing his grip.

Anthony Evans78 said:Even a monkey would be wealthy if they had access to the kind of information and connections he did.

It All Traces Back to the Debt Bubble

...Ever since that period, we've seen debt expand at an almost impossible rate across the entire American economy. It’s become this massive, self-perpetuating cycle—debt being used to collateralize more debt, built upon layers of existing debt, and aggressively leveraged with even more debt on top of it all.

If backwardation settles in as a permanent fixture, it signifies a total breakdown of confidence in the gold futures market. We aren't talking about commodities like corn or wheat here; we're talking about a scenario where millions of individuals and major Wall Street institutions hold vast amounts of physical gold. They could easily dump it into the spot market and cover their positions through futures, but if they collectively decide that isn't worth the risk, we're looking at the terminal stage of our modern financial architecture.

The endgame occurs when gold effectively stops responding to paper-based demand altogether. Once that happens, the appetite for gold in the paper markets becomes theoretically infinite—and that is precisely why the paper market is destined to crumble if it lacks actual gold to back it up.

ironstag8 said:A Permanent State of Gold Backwardation

It All Traces Back to the Debt Bubble

...Ever since that period, we've seen debt expand at an almost impossible rate across the entire American economy. It’s become this massive, self-perpetuating cycle—debt being used to collateralize more debt, built upon layers of existing debt, and aggressively leveraged with even more debt on top of it all.

If backwardation settles in as a permanent fixture, it signifies a total breakdown of confidence in the gold futures market. We aren't talking about commodities like corn or wheat here; we're talking about a scenario where millions of individuals and major Wall Street institutions hold vast amounts of physical gold. They could easily dump it into the spot market and cover their positions through futures, but if they collectively decide that isn't worth the risk, we're looking at the terminal stage of our modern financial architecture.

The endgame occurs when gold effectively stops responding to paper-based demand altogether. Once that happens, the appetite for gold in the paper markets becomes theoretically infinite—and that is precisely why the paper market is destined to crumble if it lacks actual gold to back it up.