Gold getting KILLED!
invite response
2022 Jul 20, 6:54pm 28,889 views 205 comments
by stereotomy ➕follow (0) 💰tip ignore
Now that iTulip is officially defunct, I thought I'd resurrect MEGA's (Malcolm) thread over there and transplant it here. Apologies in advance to @Patrick.
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147
PeopleUnited
2023 Sep 30, 8:37pm
PeopleUnited
2023 Sep 30, 8:37pm
ad says
When the dollar collapses, it’s almost certain it is because the government collapsed. I don’t see a scenario where we create Weimar Republic style hyperventilation. Most of our debt is owed to Americans not foreigners. There is no reason to hyperinflate, so the concern is basically ludicrous. Now on the other hand it does seem we are on the brink of government collapse due to years of corruption, lies and weakness.
However if the dollar collapses,
When the dollar collapses, it’s almost certain it is because the government collapsed. I don’t see a scenario where we create Weimar Republic style hyperventilation. Most of our debt is owed to Americans not foreigners. There is no reason to hyperinflate, so the concern is basically ludicrous. Now on the other hand it does seem we are on the brink of government collapse due to years of corruption, lies and weakness.
148
richwicks
2023 Sep 30, 9:03pm
richwicks
2023 Sep 30, 9:03pm
CCCP_trollbot says
China is doing better than the United States, even Russia is.
What does the US produce? If an alien species sucked up this entire nation and threw it into the sun, what would the world lose? What does the US make the world needs? War? What? Need a better iPhone or something? Another useless update to Windows which is now a subscription service?
I don't know why Americans think the United States is even useful in the world.
The metrics for a "good economy" that the US defines, the United States defines, is GDP, which is just monetary churn. If a drone plane cost a billion dollars to make and sell, that's better than an ENTIRELY EQUIVALENT drone made in China for $100.
GDP is just another form of propaganda. It's not an actual measurement.
Just what are you guys smoking. This is the strongest economy in the world. Do you think europe or China is doing better than us?
China is doing better than the United States, even Russia is.
What does the US produce? If an alien species sucked up this entire nation and threw it into the sun, what would the world lose? What does the US make the world needs? War? What? Need a better iPhone or something? Another useless update to Windows which is now a subscription service?
I don't know why Americans think the United States is even useful in the world.
The metrics for a "good economy" that the US defines, the United States defines, is GDP, which is just monetary churn. If a drone plane cost a billion dollars to make and sell, that's better than an ENTIRELY EQUIVALENT drone made in China for $100.
GDP is just another form of propaganda. It's not an actual measurement.
149
richwicks
2023 Sep 30, 9:13pm
richwicks
2023 Sep 30, 9:13pm
CCCP_trollbot says
I might immigrate to Russia. The language is hard, but it's doable. Mandarin, that's very difficult. There's barriers to leaving.
CCCP_trollbot says
If I move to another nation I give up my ability to try to change the nation, since I moved to it. Don't you realize this?
CCCP_trollbot says
Oh no, it's bad in the US certainly. I'm just tired of people thinking it can't be improved and settle for a senile old fuck with a crackhead son using his own kid to accept bribes, and you thinking this is the "best nation in the world". HAHAHA. You'll defend whatever these mother fuckers do, sell your kids and grandkids into slavery and thinking "we're the leader of the free world".
Ugh, the propaganda techniques of the USSR and NAZI Germany, it's hilarious it works on you so easily. You aren't human. I have held onto the idea that you could be educated, you're only useful to be exploited. I completely understand the contempt of a career criminal like Biden to take advantage of you. I understand their disgust.
I’d give you some credibility Richwicks if you would immigrate to China or Russia.
I might immigrate to Russia. The language is hard, but it's doable. Mandarin, that's very difficult. There's barriers to leaving.
CCCP_trollbot says
But no, you pay your taxes here and complain about how horrible the US is.
If I move to another nation I give up my ability to try to change the nation, since I moved to it. Don't you realize this?
CCCP_trollbot says
If it were so bad in the US you would have left, but no, you will stay here until your last breath (and bitch and complain).
Oh no, it's bad in the US certainly. I'm just tired of people thinking it can't be improved and settle for a senile old fuck with a crackhead son using his own kid to accept bribes, and you thinking this is the "best nation in the world". HAHAHA. You'll defend whatever these mother fuckers do, sell your kids and grandkids into slavery and thinking "we're the leader of the free world".
Ugh, the propaganda techniques of the USSR and NAZI Germany, it's hilarious it works on you so easily. You aren't human. I have held onto the idea that you could be educated, you're only useful to be exploited. I completely understand the contempt of a career criminal like Biden to take advantage of you. I understand their disgust.
150
richwicks
2023 Sep 30, 9:28pm
richwicks
2023 Sep 30, 9:28pm
CCCP_trollbot says
My cousin abandoned this country for Argentina, another for Canada although she didn't realize she was jumping from the pan into the fire. My grandfather abandoned Poland.
I kind of want to stay here to see this place burn. I'm in Silicon Valley, I'm starting to see the shit show now, been going on for months. 5 hotels have been built within walking distance from me, they are all empty.
I know people that have abandoned the United States for UKRAINE. I hope he's alive, seriously, I've not heard from him in years. I warned him the US overthrew that country and was trying to provoke a war with Russia - he thought I was crazy. What can you do?
I regard this country as reformable still, perhaps that's my delusion.
"We're the leaders of the free world", right? Who else in the entire world has such a scumbag as a kid? Apple doesn't fall that far from the tree after all. HAHA.
I just have to laugh as Americans take it up the ass, and choke down the cock. We obviously didn't elect this asshole. We have 24/7 propaganda, that maybe 40% of the population believes. It really is hilarious, IF you can appreciate clown world. I go in and out of it. It's funny, and then it's despair. What I can see, anybody can see, but only a minority bother to see it.
“I might immigrate to Russia.”
Dude, you are sooo full of shite. There is no fucking way in hell you do that. I am willing to bet on it. How much?
My cousin abandoned this country for Argentina, another for Canada although she didn't realize she was jumping from the pan into the fire. My grandfather abandoned Poland.
I kind of want to stay here to see this place burn. I'm in Silicon Valley, I'm starting to see the shit show now, been going on for months. 5 hotels have been built within walking distance from me, they are all empty.
I know people that have abandoned the United States for UKRAINE. I hope he's alive, seriously, I've not heard from him in years. I warned him the US overthrew that country and was trying to provoke a war with Russia - he thought I was crazy. What can you do?
I regard this country as reformable still, perhaps that's my delusion.
"We're the leaders of the free world", right? Who else in the entire world has such a scumbag as a kid? Apple doesn't fall that far from the tree after all. HAHA.
I just have to laugh as Americans take it up the ass, and choke down the cock. We obviously didn't elect this asshole. We have 24/7 propaganda, that maybe 40% of the population believes. It really is hilarious, IF you can appreciate clown world. I go in and out of it. It's funny, and then it's despair. What I can see, anybody can see, but only a minority bother to see it.
151
Patrick
2023 Sep 30, 9:30pm
Patrick
2023 Sep 30, 9:30pm
@CCCP_trollbot The rule here is that you cannot personally insult the other users.
Please stick to the point, and leave the person alone.
If you don't like someone, just don't engage, or better yet, put him on ignore.
Please stick to the point, and leave the person alone.
If you don't like someone, just don't engage, or better yet, put him on ignore.
152
richwicks
2023 Sep 30, 9:31pm
richwicks
2023 Sep 30, 9:31pm
Patrick says
I think you are incorrect here. I don't see where he's personally insulted me. I think you've made an error.
CCCP_trollbot The rule here is that you cannot personally insult the other users.
Please stick to the point, and leave the person alone.
If you don't like someone, just don't engage, or better yet, put him on ignore.
I think you are incorrect here. I don't see where he's personally insulted me. I think you've made an error.
153
Patrick
2023 Sep 30, 9:33pm
Patrick
2023 Sep 30, 9:33pm
"If it were so bad in the US you would have left, but no, you will stay here until your last breath (and bitch and complain)."
That's definitely a personal insult, not about anything but the person.
That's definitely a personal insult, not about anything but the person.
154
AD
2023 Sep 30, 9:35pm
AD
2023 Sep 30, 9:35pm
PeopleUnited says
Yeah from what I've read such as on Statista about 22% of total US federal debt is owned by foreigners.
Its all about debt service and solvency. How much can it be sustained in regards to tax receipts and expenditures, or cash flow.
If debt service is problematic then I think they'll raises taxes. They also may cut back on Social Security payments for those in the upper tax brackets.
/
Most of our debt is owed to Americans not foreigners. There is no reason to hyperinflate, so the concern is basically ludicrous.
Yeah from what I've read such as on Statista about 22% of total US federal debt is owned by foreigners.
Its all about debt service and solvency. How much can it be sustained in regards to tax receipts and expenditures, or cash flow.
If debt service is problematic then I think they'll raises taxes. They also may cut back on Social Security payments for those in the upper tax brackets.
/
155
AD
2023 Sep 30, 9:42pm
AD
2023 Sep 30, 9:42pm
richwicks says
Very true as RFK stated this when he was running for President. GDP is just one way to examine debt such as debt to GDP ratio. A better way is debt payment as a percentage of total federal budget.
Also GDP is helpful as far as tracking defense spending:
https://www.statista.com/statistics/217581/outlays-for-defense-and-forecast-in-the-us-as-a-percentage-of-the-gdp/
But I like to examine quality of life or standard of living metrics as far as measuring the socieoeconomic progress. Percentage that own a home, percentage that are college educated, average life span, household debt versus annual income, household savings rate, median household savings, crime rate, number of libraries and museums, etc
.
The metrics for a "good economy" that the US defines, the United States defines, is GDP, which is just monetary churn. If a drone plane cost a billion dollars to make and sell, that's better than an ENTIRELY EQUIVALENT drone made in China for $100.
GDP is just another form of propaganda. It's not an actual measurement.
Very true as RFK stated this when he was running for President. GDP is just one way to examine debt such as debt to GDP ratio. A better way is debt payment as a percentage of total federal budget.
Also GDP is helpful as far as tracking defense spending:
https://www.statista.com/statistics/217581/outlays-for-defense-and-forecast-in-the-us-as-a-percentage-of-the-gdp/
But I like to examine quality of life or standard of living metrics as far as measuring the socieoeconomic progress. Percentage that own a home, percentage that are college educated, average life span, household debt versus annual income, household savings rate, median household savings, crime rate, number of libraries and museums, etc
.
156
AD
2023 Sep 30, 9:43pm
AD
2023 Sep 30, 9:43pm
richwicks says
Argentina has been in economic doldrums for at least 20 years
My cousin abandoned this country for Argentina,
Argentina has been in economic doldrums for at least 20 years
157
richwicks
2023 Sep 30, 10:50pm
richwicks
2023 Sep 30, 10:50pm
ad says
Yes, I know. It's advantageous to go to 3rd world nations when when you have a 1st world income. He's basically retired.
richwicks says
My cousin abandoned this country for Argentina,
Argentina has been in economic doldrums for at least 20 years
Yes, I know. It's advantageous to go to 3rd world nations when when you have a 1st world income. He's basically retired.
158
just_passing_through
2023 Oct 1, 12:32pm
just_passing_through
2023 Oct 1, 12:32pm
Patrick says
I'm going to add some seeds to my SHTF stash. Also grow some for fun; seeing yours motivated me.
Pretty sure it's illegal to use tobacco for barter, but then if SHTF the ATF is not going to be in business either.
I'm going to add some seeds to my SHTF stash. Also grow some for fun; seeing yours motivated me.
159
stereotomy
2023 Oct 13, 7:42am
stereotomy
2023 Oct 13, 7:42am
Well, now that WWIII can break out along two separate fronts, I guess gold is getting some more love.
160
NuttBoxer
2023 Oct 13, 8:53am
NuttBoxer
2023 Oct 13, 8:53am
It's a safe haven, will always go up in a crises. And those just seem to be increasing daily.
163
NuttBoxer
2023 Nov 1, 9:34pm
NuttBoxer
2023 Nov 1, 9:34pm
Gold buying by central banks is 800 tons for the year.
https://finance.yahoo.com/news/central-bank-gold-binge-even-060000811.html
https://finance.yahoo.com/news/central-bank-gold-binge-even-060000811.html
164
HeadSet
2023 Nov 2, 7:17am
HeadSet
2023 Nov 2, 7:17am
NuttBoxer says
Cool! Looks like they are transitioning to a gold back currency!
Gold buying by central banks is 800 tons for the year.
Cool! Looks like they are transitioning to a gold back currency!
165
Misc
2023 Nov 2, 7:35am
With what did they buy this gold with?
Oh, the paper currency they issued.
Oh, the paper currency they issued.
166
NuttBoxer
2023 Nov 8, 6:11am
NuttBoxer
2023 Nov 8, 6:11am
That would be an anathema to the institution of central banking. More likely their hedging their bets if the digital slave currency doesn't take right away, as another means to force it's adoption. Back it with gold, then pull the rug out. Also possible they're so arrogant they think that will help them weather the storm of a collapse. It won't...
167
NuttBoxer
2023 Nov 8, 6:13am
NuttBoxer
2023 Nov 8, 6:13am
Still buying, highest purchase rate is in Q3 of this year. Regardless of their reasons, one more indicator the economy is headed for a bad place:
https://www.zerohedge.com/markets/central-bank-gold-buying-continued-unabated-september
https://www.zerohedge.com/markets/central-bank-gold-buying-continued-unabated-september
168
RayAmerica
2023 Nov 8, 8:59am
RayAmerica
2023 Nov 8, 8:59am
HeadSet says
That's not the case in the slightest. The central banks are privately owned conglomerates that are also the biggest con artists in history. They know what is coming; a collapse of fiat currencies, so they are converting their soon to be worthless paper into hard assets, such as gold.
NuttBoxer says
Gold buying by central banks is 800 tons for the year.
Cool! Looks like they are transitioning to a gold back currency!
That's not the case in the slightest. The central banks are privately owned conglomerates that are also the biggest con artists in history. They know what is coming; a collapse of fiat currencies, so they are converting their soon to be worthless paper into hard assets, such as gold.
169
AD
2023 Nov 8, 9:34am
AD
2023 Nov 8, 9:34am
RayAmerica says
collapse of paper is collapse of society and the same powers-to-be do not want a collapse of society
they may let society's poor and working class suffer some, such as with inflation, but they want to maintain control even with society's standard of living degrading closer to 3rd world conditions
gold and silver are a good hedge as far as devaluation of currency unless there are competitors like crypto ... I think a lot of money that would have gone to precious metals have gone to established crypto coins like bitcon ...
.
they are converting their soon to be worthless paper into hard assets, such as gold.
collapse of paper is collapse of society and the same powers-to-be do not want a collapse of society
they may let society's poor and working class suffer some, such as with inflation, but they want to maintain control even with society's standard of living degrading closer to 3rd world conditions
gold and silver are a good hedge as far as devaluation of currency unless there are competitors like crypto ... I think a lot of money that would have gone to precious metals have gone to established crypto coins like bitcon ...
.
170
HeadSet
2023 Nov 8, 10:29am
HeadSet
2023 Nov 8, 10:29am
RayAmerica says
That quip "Cool! Looks like they are transitioning to a gold back currency!" was a joke, The last thing a central bank wants is an asset backed currency, as that would strip the central bank of its power.
HeadSet says
NuttBoxer says
Gold buying by central banks is 800 tons for the year.
Cool! Looks like they are transitioning to a gold back currency!
That's not the case in the slightest. The central banks are privately owned conglomerates that are also the biggest con artists in history. They know what is coming; a collapse of fiat currencies, so they are converting their soon to be worthless paper into hard assets, such as gold.
That quip "Cool! Looks like they are transitioning to a gold back currency!" was a joke, The last thing a central bank wants is an asset backed currency, as that would strip the central bank of its power.
173
Onvacation
2023 Nov 21, 11:27am
Onvacation
2023 Nov 21, 11:27am
ad says
Agreed! But they're not making any more bitcoin. Gold and silver can just be dug out of the ground.
.. I think a lot of money that would have gone to precious metals have gone to established crypto coins like bitcon ...
Agreed! But they're not making any more bitcoin. Gold and silver can just be dug out of the ground.
176
just_passing_through
2023 Dec 3, 6:35pm
just_passing_through
2023 Dec 3, 6:35pm
Someone(s) are thinking the printing presses are soon to be fired up again.
177
NuttBoxer
2023 Dec 3, 7:18pm
NuttBoxer
2023 Dec 3, 7:18pm
December's usually pretty dead for serious movement. Stocks do well so CEO's can get their bonus's early next year.
178
NuttBoxer
2023 Dec 6, 10:50am
NuttBoxer
2023 Dec 6, 10:50am
Those central bankers won't stop hedging...
https://www.zerohedge.com/markets/summer-central-bank-gold-buying-extends-fall
https://www.zerohedge.com/markets/summer-central-bank-gold-buying-extends-fall
179
NuttBoxer
2023 Dec 15, 6:14pm
NuttBoxer
2023 Dec 15, 6:14pm
Chinese know what American's will learn the hard way. Never trust your governments paper currency...
https://asia.nikkei.com/Business/Markets/Commodities/Chinese-pay-premium-prices-for-gold-as-economic-outlook-dims
https://asia.nikkei.com/Business/Markets/Commodities/Chinese-pay-premium-prices-for-gold-as-economic-outlook-dims
181
NuttBoxer
2024 Jan 13, 8:04am
NuttBoxer
2024 Jan 13, 8:04am
Texas latest state moving back to real money:
https://www.zerohedge.com/markets/texas-gop-moves-support-gold
https://www.zerohedge.com/markets/texas-gop-moves-support-gold
183
UkraineIsTotallyFucked
2024 Mar 8, 9:03pm
UkraineIsTotallyFucked
2024 Mar 8, 9:03pm
Tons of the stuff is being bought and physically transferred to Shanghai. The world' largest gold exchange is there.
184
stereotomy
2024 Mar 21, 1:43am
stereotomy
2024 Mar 21, 1:43am
Fed Chair Powell is my hero - all that bullshit is great for gold. Pretty soon we'll have gold at $2500, gas at $10/gallon, and $15 for a gallon of milk.
185
Robert Sproul
2024 Mar 21, 7:46am
AD says
One reason to wonder if Bitcoin is some kind of Gov Op.
... I think a lot of money that would have gone to precious metals have gone to established crypto coins like bitcon ...
One reason to wonder if Bitcoin is some kind of Gov Op.
186
UkraineIsTotallyFucked
2024 Mar 21, 8:43am
UkraineIsTotallyFucked
2024 Mar 21, 8:43am
stereotomy says
Really? We pay for those things in gold?
gas at $10/gallon, and $15 for a gallon of milk.
Really? We pay for those things in gold?
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