Gold: Past, Present, and Future

Yeah, the ones they never actually possessed in the first place... ☕

They don't give a damn.
The cash in those accounts is right there for the taking, and honestly, it’s way too easy to wash it into something else (I've got my sources on this😁)...

Andrew Barrett4 said:Are you kidding me? 😢

Honestly? I’d actually be happy if I managed to lose as little wealth as possible over the next decade.

.....

Also, that person over in the other thread is implying that metal doesn't have any intrinsic value. (In general, I've noticed that people coming out of the University of California and similar institutions tend to be pretty skeptical. Here's another example.) They mentioned the "biggest bubble ever." That's not exactly news, I suppose, assuming the timeline is long enough. ☕
But just because a bubble is inflating doesn't mean you can't ride that train and make a little money along the way. Whether you're holding physical bullion, paper gold, mining stocks, or ETFs—those are all different kinds of "Pokémon," each with its own set of pros and cons.

The downside of physical (at least in my experience) is that it's incredibly hard to time the bottom. There are two main reasons for that:
a) Because you have to plan trips to a different state or cross a border to shop, which means taking a day off just to stay under the radar of the IRS. (Luckily, I live near the border, but still.) It’s not exactly convenient.
b) And if you want small denominations, there's always a shortage, so you have to pre-order. You basically just have to guess the date...
Physical is also harder to liquidate. You need an actual exit strategy. Then there are the acquisition costs, which you have to recoup through price appreciation, not to mention everything else. That's why, for instance, I haven't bought anything since the summer; I'm just waiting.

Paper gold is MUCH easier to sell. But the flaw with that particular "Pokémon" is that when the big players start jumping ship, you might find yourself unable to offload it to anyone. Which implies you have to monitor the situation constantly and time your escape perfectly.

A lot of the goldbug websites don't recommend paper gold. However, in my opinion, it's a perfectly fine way to turn a profit, even if the risk is higher. That is, provided you aren't greedy. Timing is everything. 😍

Regardless, there isn't any asset out there that will make you "set for life" while you sleep. Not even precious metals. And that whole "buy and forget" mantra is usually more about minimizing tax headaches than actually forgetting about the investment. Once you've committed to something, you really ought to manage it. If someone isn't prepared for that, they probably shouldn't be getting involved at all. "Nothing to worry about" is often just another way of saying you have nothing left to lose. 😂

Give me a break, that's a massive reach. The guy who started this whole thread—and even the dude who gave her that nickname—is a Science student. 😍

I guess you're a skeptic too, though maybe just in that healthy, moderate kind of way. 😁

I think we’re going to see some breathing room around 1759/60. Next target? Somewhere near 1750. If things stay this way through the closing bell, we might actually hit the first of my three conditions for an S&P 500 correction down below 1430.

thoughts?

So we hit 1753, and now we're looking at a climb back up to 1780?

On the earlier pages, you guys were talking about all those headaches regarding gold storage and the constant threat of theft.

Honestly, you could solve that whole mess by swapping out the gold for something with even more punch. I mean, if you grab a single gram of California, you could easily carry $27 million on your person—maybe tuck it into a tooth or under your skin—and always have your wealth right there at your fingertips.

As for governments and the Fed, they could just start holding their reserves in antimatter. It takes up way less space than thousands of tons of gold and paper, though I guess the downside is that if you lose it, you're in trouble since a single gram would be worth something like $62,500,000,000,000.😬

http://thechive.com/2012/05/09/the-m...net-16-photos/

Antimatter, huh... I don't know. It sounds like one of those things that starts out as a fascinating concept in a physics textbook and ends up being something used to sell overpriced tech gadgets or high-concept sci-fi movies. I guess there’s a certain logic to it, but I find myself wondering how much of this is actual breakthrough science and how much is just people getting excited about something they can't quite wrap their heads around. Maybe it's revolutionary, maybe it's just noise. I suppose we'll see.

Someone really should have told that poor soul—and by that, I mean someone who’s clearly struggling a bit on the mental side of things—about this, after I happened to stumble upon their post while scrolling through some comments:

I was reading this piece on biflation earlier—just one of those deep dives that makes you question if anyone actually knows what’s going on with the economy. It’s a heavy topic, honestly. Most people just talk about inflation like it’s some singular monster under the bed, but this concept of biflation adds a whole other layer of complexity to the mess we're dealing with. It's that weird, almost contradictory phenomenon where you see certain prices skyrocketing while others stay flat or even dip, creating this distorted sense of reality. I guess it’s easy to get lost in the noise when the data feels like it’s pulling you in two different directions at once. Maybe it's just how the gears are grinding lately, or maybe we're looking at a fundamental shift in how value is being distributed. Either way, it feels like we're navigating through a fog, trying to make sense of a landscape that keeps changing its shape right as you think you've mapped it out. It's enough to make a person feel a bit weary about the whole thing. Another comment. Let's go through this from the top.

Quincy:

Quincy: I mean, if you look back at history, gold confiscation isn't some new concept in the States; it’s actually happened before. I guess I’ve gone and lost my gold somewhere out on a hiking trail. I always made a point of keeping it on me, but apparently, that wasn't enough. Just one of those things, I suppose. I suppose we shouldn't act too surprised by the talk of gold confiscation; if history tells us anything, it’s that the US government has been down this road before. It isn't exactly a new playbook for them. I guess I lost my gold. Just out there taking a walk through the woods.To be honest, I've always just kept it on me. 🤣🤣🤣

I guess he ended up having his gold confiscated by the feds. 😂

If that poor soul had known anything about antimatter... I mean, things would have been different, wouldn't they? Maybe. It’s hard to say. I guess if he’d actually understood the implications of that kind of energy, his whole trajectory might have shifted. But then again, most people just stumble through life without a clue how much power is actually sitting right under their noses. Just a thought, I suppose. 🤣

lonehawk5 said:They don't give a damn.
The cash in those accounts is right there for the taking, and honestly, it’s way too easy to wash it into something else (I've got my sources on this😁)...

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.

lonehawk5 said:They don't give a damn.
The cash in those accounts is right there for the taking, and honestly, it’s way too easy to wash it into something else (I've got my sources on this😁)...

So thousands of these things and a bunch of algorithms make up the "market"?
Good luck when you eventually get corzined 😁

Sandra Sullivan said:On the earlier pages, you guys were talking about all those headaches regarding gold storage and the constant threat of theft.

Honestly, you could solve that whole mess by swapping out the gold for something with even more punch. I mean, if you grab a single gram of California, you could easily carry $27 million on your person—maybe tuck it into a tooth or under your skin—and always have your wealth right there at your fingertips.

As for governments and the Fed, they could just start holding their reserves in antimatter. It takes up way less space than thousands of tons of gold and paper, though I guess the downside is that if you lose it, you're in trouble since a single gram would be worth something like $62,500,000,000,000.😬

http://thechive.com/2012/05/09/the-m...net-16-photos/

🤣
It’s spitting out a bit too many neutrons for my liking. 😁 And over time, the amount just keeps shrinking.

http://stockcharts.com/h-sc/ui?s=$GOLD&p=W&yr=3&mn=0&dy=0&id=p16401788341

Possible support level for the next leg up... we could be looking at a correction down to around $1,660. Right now, everything feels primed for a pullback, though we might see a bounce early next week—unless that bounce turns into a full-blown rally toward new highs. I’d put the odds at 80:20 for the correction.

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.

Ha-ha😛

You're getting ahead of yourself.
I have a feeling it's gonna take a hell of a lot longer for this kind of money—you know, actual paper cash—to completely vanish from circulation.😁

You still don't get it, do you? It’s not about whether paper money disappears entirely—it's about what it'll actually be worth when it does. 🙂

lonehawk5 said:Ha-ha😛

You're getting ahead of yourself.
I have a feeling it's gonna take a hell of a lot longer for this kind of money—you know, actual paper cash—to completely vanish from circulation.😁

As long as the power stays on, we'll have our cartridges—electronic ones, at least...😍

For everyone else who is feeling a bit lost, here are some ideas from Doug Casey.......
http://www.youtube.com/watch?v=ryD5l...ature=youtu.be

Anthony Evans78 said:You still don't get it, do you? It’s not about whether paper money disappears entirely—it's about what it'll actually be worth when it does. 🙂

Ha!
So you just *know* exactly what it's going to be worth?
I honestly can't tell how long you've been playing this game, but isn't that a massive stretch?
What exactly happens in your head for 3, 5, 10, or 20 years from now?
Will $1,000 barely buy me a pack of gum at a gas station?
A million bucks just gets me a used bicycle?
A hundred million just buys a tiny studio apartment in NYC?
You're getting way too carried away with gold...
Look, there's nothing wrong with putting some money into gold, but it's crazy when people jump straight to "doomsday scenarios" where gold is the only thing that matters.
We live in a fiat world. And it's staying that way for at least another 20 years...😁
I'm sure of it.
Now why don't YOU tell me exactly what that value will be, since you're such an expert...

Where does this obsession with knowing the exact number come from?
I don't know what the exact figure will be, but it’s going to be lower than it is now.
If you haven't noticed, the value drops a little more every single day.🙂
And I've said it a hundred times already: gold isn't the only answer—real wealth is in land and manufacturing.

and total independence, in every sense of the word, I suppose.

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.