Interesting.
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Gold bugs!
- Thread starter gladysvjubb
- Start date
brickweeder
Well-known member
This is the US Strong Dollar Policy...
Mnuchin: "We want a Strong Dollar!"
Trump: "Powell has missed the target again, he needs to lower interest rates and print like mad!"
brickweeder
Well-known member
Many of these just went off the board, kaput! Best to stay away from them unless you are well versed in them.
A few years ago (2015)the Swiss decided to change their currency peg from the Euro to the Dollah, causing big FX dislocation overnight. The swissie is at .94 now compared to the dollah, because muncher and powell are printing so fast.
This is where it gets interesting. To counter, the SNB prints swissies, changes them for dollahs with the fed, and buys American stawks. That is the overnight futures movements we always see. They need to print more to keep their peg even, as the US dollah machines go brrrrrr as they print...
Competitive "money" manufacture.
If you are an insider, you can buy swiss national bank stock.
https://finance.yahoo.com/chart/SWZ...7InBlcmlvZCI6MSwiaW50ZXJ2YWwiOiJ3ZWVrIn19fV19
This is where it gets interesting. To counter, the SNB prints swissies, changes them for dollahs with the fed, and buys American stawks. That is the overnight futures movements we always see. They need to print more to keep their peg even, as the US dollah machines go brrrrrr as they print...
Competitive "money" manufacture.
If you are an insider, you can buy swiss national bank stock.
https://finance.yahoo.com/chart/SWZ...7InBlcmlvZCI6MSwiaW50ZXJ2YWwiOiJ3ZWVrIn19fV19
brickweeder
Well-known member
Weimar had the advantage that when they printed, they actually used paper that you could burn to heat up your home...these days, when they print, there is nothing to burn
St. Phatty
Active member
https://usawatchdog.com/jp-morgan-will-stop-shorting-silver-craig-hemke/
Craig Hemke might have some insight into what's going on.
Craig Hemke might have some insight into what's going on.
Gold 1,808.00 6:24PM EDT +4.20 +0.23%
St. Phatty
Active member
i would enjoy working for the Fed but I missed my chance, probably.
it's kind of like going to Vegas but instead they are sitting in offices buying & selling dollars and related currencies, on the phone and on the computer.
as far as Trump I'm pretty sure they're smart enough to keep him a long way from any situation that would result in "fat finger" trades.
The strong dollar policy way predates Mnuchin. It goes back to Greenspan, and his predecessors, that had to deal with the blowback when Nixon closed the Gold window in 1971. Then they had a new game, to convince the world that the paper money with the picture of Lincoln was actually worth something.
The more recent scam, loaning US $ to countries - that then start using $ in their economies, AND have to come up with MORE $$ to PAY BACK THE LOAN - that seems to work pretty well. for the US.
St. Phatty
Active member
Prices for Morgan Silver Dollars - they are UP !!!
I was surprised. They are selling for about 2x Spot. They contain .77344 ounces and are selling for $28/29.
Was going to say, the nice thing about selling on the weekend - you can be chill about it because the price is not moving.
If they are paying $25+ for Silver dollars, I wouldn't mind selling 40 of them, to help pay down some HELOC debt etc. Many dealers have a $1000 minimum these days.
https://www.providentmetals.com/pre-21-morgan-silver-dollars-extra-fine.html
Also the way the prices are going, they pay more for coins in better condition. Even for 90% silver.
I have probably been a little bit of a pain in the ass to some of the people I bought circulated silver from. Since I looked at every single coin and hand-picked the ones I wanted, the ones in best condition.
The dealers have to watch you when you're doing you're hand-picking.
Once I saw a dealer get really pissed because he was trying to take care of 2 customers, me looking at dimes and some other guy looking at silver rounds.
the Dealer made a mistake on the silver rounds that cost him $4 each.
He treated me like one of the family, and told me afterwards what had happened and why he was so pissed. To re-assure me I hadn't done anything wrong while I was sitting there with his dimes, perhaps.
That part of taking the time to get to know the dealers is totally worth it.
You can walk into the same store 15 years later and they will remember you. "oh yeah you were the guy that hand-picked the fuckin dimes." :kitty:
I was surprised. They are selling for about 2x Spot. They contain .77344 ounces and are selling for $28/29.
Was going to say, the nice thing about selling on the weekend - you can be chill about it because the price is not moving.
If they are paying $25+ for Silver dollars, I wouldn't mind selling 40 of them, to help pay down some HELOC debt etc. Many dealers have a $1000 minimum these days.
https://www.providentmetals.com/pre-21-morgan-silver-dollars-extra-fine.html
Also the way the prices are going, they pay more for coins in better condition. Even for 90% silver.
I have probably been a little bit of a pain in the ass to some of the people I bought circulated silver from. Since I looked at every single coin and hand-picked the ones I wanted, the ones in best condition.
The dealers have to watch you when you're doing you're hand-picking.
Once I saw a dealer get really pissed because he was trying to take care of 2 customers, me looking at dimes and some other guy looking at silver rounds.
the Dealer made a mistake on the silver rounds that cost him $4 each.
He treated me like one of the family, and told me afterwards what had happened and why he was so pissed. To re-assure me I hadn't done anything wrong while I was sitting there with his dimes, perhaps.
That part of taking the time to get to know the dealers is totally worth it.
You can walk into the same store 15 years later and they will remember you. "oh yeah you were the guy that hand-picked the fuckin dimes." :kitty:
brickweeder
Well-known member
Gotta admire the power of having the reserve currency that is based on a fractional reserve structure...the scam works great on natural resource oriented countries...they supply raw materials in return for paper they then use to pay interest on currency they borrowed from banks, who conjured up the loaned currency out of the thin air with a balance sheet entry...gotta appreciate the fractional reserve system.
The more loans to these countries in USD, the more demand there is for USDto service the debt, so they have to work for USD, and sell stuff to get it. Modern day slavery where the slave voluntarily entered servitude.
With Covid and the economic slowdown, all that debt out there has become more at risk of default, and the Fed is going to have to print like they've never printed before to keep the shiat afloat. The price of gold is sniffing this out and acting accordingly.
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brickweeder
Well-known member
Repped!
St. Phatty
Active member
wow the price of copper is about $1.80 a pound, close to what they're paying for clean copper scrap.
that is LOW.
also copper mines in Chile are having Covid19 problems.
Copper Prices - Historical Annual Data
Year Average Closing Price Annual % Change
2018 $2.9333 -20.20%
2017 $2.8128 31.65%
2016 $2.2010
anyway Copper price is a good economic indicator.
that is LOW.
also copper mines in Chile are having Covid19 problems.
Copper Prices - Historical Annual Data
Year Average Closing Price Annual % Change
2018 $2.9333 -20.20%
2017 $2.8128 31.65%
2016 $2.2010
anyway Copper price is a good economic indicator.
I have one silver dollah, and it is a 1900.
The metals dealer I used to buy bullion from was a cash-only operation. I was stacking back in the mid 2000's in anticipation of the housing bubble. This little hole in the wall dealership, an very old man and his wife, with a shitload of cash and metals there. Over the little half-door countertop, no security. Not even cameras that I could see. It seemed like an invitation to rob them, but I was there to buy.
This bunch's store was a little closet in a very small mall, right next to an external door they got deliveries through. One day sitting there on a cart was a box of junk dimes someone had returned. It was opened, and just sitting there by the door. They didn't mind one bit me rifling through the opened box. I wasn't interested in old dimes anyways. I was buying silver coins by the box for under $6K.
Get this, they were busy handing over what I believe to be a Monster box and a half of gold coins. The long haired grower/dealer looking dude, with his woman there, handed over a wallmart plastic bag of unbanded bengis. They strolled out with the cart, brought it back empty and left.
The old man just held it open, looked at me, and with a disgusted look, just said "paper". They did not count the money while I was there, which at the current prices for 750 ounces was a lot.
I always paid cash there, which that old hag counted every dollar. Those old folks are retired, and their grandkid is in a more secure location running a much slower business.
So much money could have been run through there, back in the day.
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St. Phatty
Active member
in Oregon there is a new law starting Jan. 1,
courtesy of the Governor,
taxing all businesses over $1 Million in sales.
adds an extra 0.5% sales tax to all sales - IOW it's a sneaker sales tax.
a Total Business Killer - that was BEFORE Covid19.
2 coin dealers shut down and now sit at home doing estate sales and doing orders for selected big customers. just to keep their revenues below $1 Million. one of them had just bought a beautiful new store & land parcel.
Between the Corporate Activities Tax & Covid19, 2020 was like a Machete being taken to small businesses in Oregon.
the Corp. tax didn't just shut down the 2 coin dealers. it also shut down one of the oldest farm supply stores. i knew one of the book-keepers from the hot tub at the Y, she said, that tax caused that business to close their doors.
at this point i am looking for a stock broker who can help me buy stocks in New Zealand, South Korea, Singapore, etc.
simply because Covid19 is making it hard to for businesses to be profitable.
i think the countries that adapted with the least pain, least economic impact & fewest deaths - - those are the places to consider investing.
courtesy of the Governor,
taxing all businesses over $1 Million in sales.
adds an extra 0.5% sales tax to all sales - IOW it's a sneaker sales tax.
a Total Business Killer - that was BEFORE Covid19.
2 coin dealers shut down and now sit at home doing estate sales and doing orders for selected big customers. just to keep their revenues below $1 Million. one of them had just bought a beautiful new store & land parcel.
Between the Corporate Activities Tax & Covid19, 2020 was like a Machete being taken to small businesses in Oregon.
the Corp. tax didn't just shut down the 2 coin dealers. it also shut down one of the oldest farm supply stores. i knew one of the book-keepers from the hot tub at the Y, she said, that tax caused that business to close their doors.
at this point i am looking for a stock broker who can help me buy stocks in New Zealand, South Korea, Singapore, etc.
simply because Covid19 is making it hard to for businesses to be profitable.
i think the countries that adapted with the least pain, least economic impact & fewest deaths - - those are the places to consider investing.
Criminal CME thinks the price is closer to $3
https://www.cmegroup.com/trading/metals/base/copper_quotes_globex.html
https://www.cmegroup.com/trading/metals/base/copper_quotes_globex.html
Gold 1,804.90 4:59PM EDT -9.20 -0.51%
St. Phatty
Active member
maybe we should have a sticky for metals prices.
I got way laid by the Google info bar that comes up at the top of a search.
Great idea about the sticky.
Gold 1,811.50 6:29PM EDT -1.90 -0.10%
Gold 1,811.50 6:29PM EDT -1.90 -0.10%
Gold 1,798.10 8:19PM EDT -2.20 -0.12%
lol,i'm sure a lot of people come to a pot growing site for investment strategies!
probably no reports about aliens stealing our gold on the wall street journal...the fools,the fools!!!!
