Gold: Past, Present, and Future

Melissa Sanchez17 said:Cursed Partizan!!!

Got some news here—honestly, I wasn't sure if I should drop it anywhere besides this gold thread. If I posted this on Acceleration or Exodus, people would probably accuse me of heresy.😁

I just don't get it.
How can a national debt be three times larger than the entire world's GDP?
It’s like someone claiming they slept with three times more women than there are actually living on Earth.😛

Michael Morgan5 said:I just don't get it.
How can a national debt be three times larger than the entire world's GDP?
It’s like someone claiming they slept with three times more women than there are actually living on Earth.😛

Still not getting it? 🙂
Still haven't figured out how money is actually made, have you? 🙂
Let’s give this another shot:
So you walk into a bank asking for, say, a $100,000 loan. What happens then?
Get your paperwork in order, wait for the money to hit your account, and then you can finally be happy. Or is that too much to ask?
Do you really think the bank actually put their own cash into an account?
Not even close.
The bank just conjured $100,000 out of thin air. One mouse click and it’s there. Sure, you’ll have to wait a few days if you actually want the cash in hand, but isn't the point that the money was invented from nothing?
Then you actually have to work just to pay it back. Interest included, of course. And whatever value you create counts toward the GDP—you’re essentially investing your own time, expertise, and resources. Is there any other way?
And that’s exactly why the debt outweighs the GDP. It's pretty simple, isn't it?

Maybe calling it five is a bit of a stretch...

I get where you're coming from, and honestly, I’m on board with most of what you're saying.
But if you ask me, you're being way too optimistic about the upside. If everything actually hits the fan and we see a total collapse, I don't think an ounce of gold is going to buy you much more than a beat-up used Honda Civic.

Michael Morgan5 said:Maybe calling it five is a bit of a stretch...

I get where you're coming from, and honestly, I’m on board with most of what you're saying.
But if you ask me, you're being way too optimistic about the upside. If everything actually hits the fan and we see a total collapse, I don't think an ounce of gold is going to buy you much more than a beat-up used Honda Civic.

A banker isn't going to show any mercy to the lower classes...
As a Trump supporter, I get where you're coming from. You shouldn't have said it—he caught onto the vibe and that was that.
The public always falls for the same old drama.
Let's light a candle.

"Just keep pushing, just keep pushing..."

Michael Morgan5 said:Maybe calling it five is a bit of a stretch...

I get where you're coming from, and honestly, I’m on board with most of what you're saying.
But if you ask me, you're being way too optimistic about the upside. If everything actually hits the fan and we see a total collapse, I don't think an ounce of gold is going to buy you much more than a beat-up used Honda Civic.

As for me, I have zero interest in chasing some hypothetical "extra" profit born from a broken system. My only objective is to preserve the value of my labor—the sweat equity built up by previous generations—that is currently locked within that ounce. If I achieve nothing more than that preservation, I will consider it a win. Life was worked too hard to let those accumulated efforts simply vanish into the void of historical chaos.

Robert Vaughn10 said:A banker isn't going to show any mercy to the lower classes...
As a Trump supporter, I get where you're coming from. You shouldn't have said it—he caught onto the vibe and that was that.
The public always falls for the same old drama.
Let's light a candle.

"Just keep pushing, just keep pushing..."

Man, this is Washington. You can't let this happen, and you certainly can't let them see you care.
Here’s the reality:
Get up, walk out, and settle the score.



"Best regards, and good luck defending the dollar."

dustyheron5 said:The resistance seems a bit heavier there—at least, that's what the analysts are claiming.😁

So, tonight the US technicians finally managed to punch through—not using futures contracts this time, but with a Tomahawk, though I won't split hairs about the details right now.

Nancy Gomez26 said:As for me, I have zero interest in chasing some hypothetical "extra" profit born from a broken system. My only objective is to preserve the value of my labor—the sweat equity built up by previous generations—that is currently locked within that ounce. If I achieve nothing more than that preservation, I will consider it a win. Life was worked too hard to let those accumulated efforts simply vanish into the void of historical chaos.

Exactly.
People are going to be absolutely stunned when they realize what you can actually get for an ounce of gold 🙂
It'll buy way more than a car... and I'm talking brand new, not some used junk, I guarantee it.🙂

And when exactly is that happening?
Massimo was saying the exact same thing back in 2006. That was 11 years ago!
Some people probably kicked the bucket waiting for their discount to actually buy a Ford. 😁

Like I’ve said a thousand times already—once this whole monetary circus falls apart 🙂

Melissa Sanchez17 said:So, tonight the US technicians finally managed to punch through—not using futures contracts this time, but with a Tomahawk, though I won't split hairs about the details right now.

A Breakthrough is a Breakthrough... when one is presented with a Breakthrough, don't go looking for flaws.😁

Anthony Evans78 said:Like I’ve said a thousand times already—once this whole monetary circus falls apart 🙂

I just don't know...
The monetary circus is more frantic than ever.😵

So, while I wait, it doesn't seem like a bad idea to back some crypto shells that aren't under the thumb of Moira Orfei and her fellow monetarists. :klap:

Anthony Evans78 said:Still not getting it? 🙂
Still haven't figured out how money is actually made, have you? 🙂
Let’s give this another shot:
So you walk into a bank asking for, say, a $100,000 loan. What happens then?
Get your paperwork in order, wait for the money to hit your account, and then you can finally be happy. Or is that too much to ask?
Do you really think the bank actually put their own cash into an account?
Not even close.
The bank just conjured $100,000 out of thin air. One mouse click and it’s there. Sure, you’ll have to wait a few days if you actually want the cash in hand, but isn't the point that the money was invented from nothing?
Then you actually have to work just to pay it back. Interest included, of course. And whatever value you create counts toward the GDP—you’re essentially investing your own time, expertise, and resources. Is there any other way?
And that’s exactly why the debt outweighs the GDP. It's pretty simple, isn't it?

Of course, we're going to gloss over the whole assets versus liabilities debate here. 😁

God, I swear, these idiots just drop a couple of bombs and suddenly they're flying high.
I’ll be out of here in a day or two.

Are you selling back in Austria or staying local here?
I was looking at the rates online—it looks like someone in Italy pays maybe an ounce or two less than they do in Austria. Though, if you're looking at the sale side, the spread makes the trip worth it anyway.

I’ve got a feeling that Massimo is playing favorites with their pricing, likely charging non-clients a premium compared to their regulars.

I just wrapped up an exchange with SMH, and let me tell you, they just moved the goalposts on me.
They're insisting everything goes through the Bank now, which is a total non-starter for my setup.

Is cash&carry gone for good? Or is that just for larger amounts now?

Yeah, they offer lower Purchase price rates if you aren't an established client, and they'll pay out in cash up to $35
Between those rates and the conversion fees, I’d be losing half my paycheck.
I’m going to have to run everything through a bank account—damn it all.
The IRS is definitely going to find out I exist.

Joseph Fisher2 said:Is cash&carry gone for good? Or is that just for larger amounts now?

It still exists.
But they aren't doing walk-in sales anymore; everything goes through a bank transfer.

Edit:
Word is you can still walk out with up to 15k in cash, but don't hold your breath—they don't exactly guarantee they'll have that much sitting in the vault when you show up.

Just wanted to pass along the answer I got from Mora—turns out there aren't different exchange rates.

"If your gold wasn't originally purchased through us, we'll just wire the payout directly to your account—you can choose between dollars or euros, whichever works best for you.
The funds hit your account the same day if you get here by 2:00 PM; otherwise, it'll be in by 11:00 AM the next day.
The Purchase price is simply whatever you see listed under the 'Purchase price' column, and we lock that rate in the moment you arrive. If you need to see the conversion to euros, just hover your mouse over the price for a second. We use the specific rate posted right on our website."