Now that I have confirmation that gold "did not" hit 4000 an oz, I must go win the point with my wife. I no, I no, I should leave it along, but I just cant.
I never could understand in the western movies when I guy lifts up a rock and find a nuggets of gold, and starts screaming his lungs out, then runs to town screaming GOLD, GOLD, GOLD.
Or someone strikes upon gold and the next day a gold rush is on.
Seems like the smart thing to do would be just keep your mouth shut until you get all the gold you want, then blab about it.
Agree. In looking at several charts, gold spot price has not yet broke $4,000. Once it does though, we are going to see an exponential track towards $5,000.
19NOV2023 it was $2003 per ounce. Less than 2 years to 2x. This means in gold terms you have lost 50% of your "dollar" (Fed Reserve Note) purchasing power in less than 24 months if you have not purchased any gold, silver, or Bitcoin.
Thanks. That is plausible. It's also possible that gold will need to be valued such that all fiat is backed and accounted for. I have a feeling the truth will be somewhere in the middle.
I am not rich. If I had a handful of gold coins, I would set a price that was good enough for me, and sell them to pay my debts and be free. Maybe that's too simple, but I don't want to play a guessing game. I gold hit $10K an ounce and I had 5 coins, I'd use it to pay off some fixed debts, especially since that price would probably be accompanied by a lot of chaos in the world--so I want to secure my ownership of important assets.
It's not hard though, and history lays out the groundwork for how this is supposed to be structured.
Bimetalism with silver gives you the smaller step between the $400 1/10th oz gold and nothing. Even if you assume 1/16 ratio between gold and silver like it was historically, the 1 oz silver piece is $250, and it's dime piece (which had 1/10th the silver content of the dollar), is about $25 bucks.
Finally, further split the difference with nickels and pennies just as they are now (because even historically, they were used instead of 1/20th and 1/100th of a silver dollar), that gives you a minimum unit of about $2.50 of normal USD.
If you want to go off of previous precedent in this country, you could even include a half cent piece for $1.25 minimum instead.
How. Well you put PM into a repository and the you issued a debit card to draw against you deposited PM. You can't draw below a certain amount of holding. the depository has to ensure they have enought on had to cover the swings,
Gold spot price never hit 4000.
It's futures price.
We should always look at spot price,not that it matters that much.
Silver is in backwardation,spot is higher than the futures price right now.
Now that I have confirmation that gold "did not" hit 4000 an oz, I must go win the point with my wife. I no, I no, I should leave it along, but I just cant.
Hello Dog House!
Wait we're talking gold here.
I remember a movie called
The Treasure of the Sierra Madre.
In that movie Humphrey Bogart was a greedy bastard.
Make sure you share some of your gold and silver with the wife.
Humphrey Bogart was a greedy bastard. Gold Fever I guess will do that, at least from the old movies I've seen.
In that movie Bogart started off nice then when gold was discovered like you said became a greedy murderer.
I never could understand in the western movies when I guy lifts up a rock and find a nuggets of gold, and starts screaming his lungs out, then runs to town screaming GOLD, GOLD, GOLD.
Or someone strikes upon gold and the next day a gold rush is on.
Seems like the smart thing to do would be just keep your mouth shut until you get all the gold you want, then blab about it.
All the time some old timer comes into town bragging about the gold.
The writers had to keep coming up with material episode to episode.
Me, I don't have any gold or silver. Boating accident ya know.
And Just like with me ever since I saw that movie The Quick and the Dead I'm terrified of guns and wouldn't even have a water pistol ya know.....
Exactly because the those that want to stop golds rise short the spot price & buy on the futures
Agree. In looking at several charts, gold spot price has not yet broke $4,000. Once it does though, we are going to see an exponential track towards $5,000.
19NOV2023 it was $2003 per ounce. Less than 2 years to 2x. This means in gold terms you have lost 50% of your "dollar" (Fed Reserve Note) purchasing power in less than 24 months if you have not purchased any gold, silver, or Bitcoin.
Gold most likely will be priced much lower after the Fed is gone.
I am genuinely interested and curious to know the rationale behind your statement, if you are able to and choose to post it.
Well if gold ends up backing the dollar as President Trump has mentioned in the past,
How can you buy laundry detergent at the value of that $4000 gold/ dollar currency?
I've heard the price of gold will be reduced.
We'll have to wait and find out or do a deeper dig.
Thanks. That is plausible. It's also possible that gold will need to be valued such that all fiat is backed and accounted for. I have a feeling the truth will be somewhere in the middle.
I am not rich. If I had a handful of gold coins, I would set a price that was good enough for me, and sell them to pay my debts and be free. Maybe that's too simple, but I don't want to play a guessing game. I gold hit $10K an ounce and I had 5 coins, I'd use it to pay off some fixed debts, especially since that price would probably be accompanied by a lot of chaos in the world--so I want to secure my ownership of important assets.
Let's hope for the best to get that debt paid down.
Now Trump has indicated he would return the wealth that was stolen back to the people.
That might be even better.
Imagine getting a few hundred thousand or even a million?
We have significantly been slaves to debt and the money the cabaal has stolen is enormous.
It's not hard though, and history lays out the groundwork for how this is supposed to be structured.
Bimetalism with silver gives you the smaller step between the $400 1/10th oz gold and nothing. Even if you assume 1/16 ratio between gold and silver like it was historically, the 1 oz silver piece is $250, and it's dime piece (which had 1/10th the silver content of the dollar), is about $25 bucks.
Finally, further split the difference with nickels and pennies just as they are now (because even historically, they were used instead of 1/20th and 1/100th of a silver dollar), that gives you a minimum unit of about $2.50 of normal USD.
If you want to go off of previous precedent in this country, you could even include a half cent piece for $1.25 minimum instead.
If you look at that way I think it might work.
But I want a brand new currency without that Jewish satanic symbolism that you see on the dollar.
I want those people out of our money and country.
Same with Muslims.
At the end of the day, it's just ratios and weights, only reason I'm referring to dollars is to establish a common frame of reference.
Makes sense. I have a feeling we are going to find soon. As soon as the Fed goes bye bye.
How. Well you put PM into a repository and the you issued a debit card to draw against you deposited PM. You can't draw below a certain amount of holding. the depository has to ensure they have enought on had to cover the swings,
I find all this fascinating.
We could ask Gold Finger but I think James Bond killed the man.
Jaws is still out there somewhere. I don't think he could be killed. He was like Jason or Michael Meyers.
But was it another Bond villain that he knew.
What a journey that Jaws guy had. I first saw him in The Wild Wild West TV series with the character megalito loveless.
Then the James Bond movie The Spy who Loved me and Moonraker with Roger Moore cast as James Bond.
Also that movie Silver Streak and I forget the character that main character that was in that movie
One the Fed is gone the dollar will be gold based at least partly on gold
Eight weeks straight up now. I'm getting a little irritated because there are no dips to buy anymore.
But a lot of "dips" that wish they would have bought when price was lower.