Loading ...I’ve talked to folks who’ll quite blithely tack on a zero and plan accordingly. Which I think is missing the point. Be it $3k or $8k or $800k oz it prob won’t matter as the dollar as we discuss it here may not exist when the yellow heavy hits its historic, natural value.
This is prob a subject that’s been kicked around here once or twice.
TAWTHDIK
R
It’s another small sign of a reversal of globalization. It shows growing obstacles for businesses operating unfettered across international borders. This is good for LOWER oil prices too.
Globalization caused an artificial excess demand and price for Oil. Too much oil was wasted on LONG DISTANCE, trans ocean and trans continental delivery of cheap consumer products from various countries exporting to the USA.
“That’s not going to happen anymore” As per Trump, but the trend already started after 2009.
re your “1980 – $800, not unlike … ?”
I figure a factor of 4 or 5 from that era, $3200 to $4000. Houses here were about $40,000. New cars about $7,000.
I thought that article was a goody as well. Ole Andy was right on the mark. Things are getting shaky and when does the collapse come? Not far down the road.
Collecting foodstuffs is a great idea as well. Starving is no fun, watching people you care about starve, is no fun. So be prepared!
Cheers
KM Khan Law Office, actually derives profit directly from Muslim immigration to the United States making him more than just an innocent conscientiousness objector to Trump’s policy?
Brieybart suggests that Khan did, in fact, stand to profit from his viewpoints shared at the DNC and point to his website bio which lists “EB-5 Investments & Related Immigration Services” as a specific area of practice. Oddly enough, since these reports have surfaced the website of Mr. Khan’s law office has been taken down. Luckily, prior versions of the website are available on the wayback machine which can be seen here:
http://www.zerohedge.com/news/2016-08-02/khan
That rant I wanted to post on a well-used, technical BTC forum I found was tightly moderated. As a ‘newbie’ first-time poster, I was isolated until moderators approved the post. When the experienced old BTC developers read it, it was publicly posted immediately and I was made a full member with full access… based solely on the thoughtful content, I was told. (I never used that forum again… can’t even remember the name now.)
But that phrase “…up against all the money in the world” is something we learned as goldbugs, but the BTC community was quite ignorant of what they were up against. That phrase resonated with MANY BTC users who replied to it. It was a revelation for many. I even received ‘feelers’ from developers who wanted me to design secure systems for their BTC exchanges in developement. I had to tell them I did not have the technical expertise for that.
The MT Gox fiasco was about $10 million when done, but it was a huge market hit as that exchange was the only real market-maker of global exchange at that time. While this recent hack of Bitfinex is much larger at $60 million, it is not as devastating to the marketplace as there are now a good handful of other viable bitcoin exchanges to absorb trading action. Percentage wise, BTC did not fall as far this time as the MT Gox crash did. There are no regulatory safeguards on BTC exchanges as with stocks or other bank-sponsored exchanges. It really is about the trust and competence of the exchange. Who do you trust? This really is the lawless ‘wild west’, and you have to safeguard yourself.
And the Chinese are still looking for ways to export their wealth in clandestine fashion, so I expect the BTC market price to recover from this with not too much trouble.
Here’s something you will never see…. a physical bitcoin!
This was a promotional token from a place I did business with.
A homosexual islamist shoots up a gay bar and the eggheads determine the cause:
Your post was most apposite, uplifting and true. many thanks for taking the time to tell that story and share those thoughts. As for giving me the floor and your soap crate, well, if I get on one, y’all will probably run me outta here and change the locks (might be feathers and some tar involved too) 🙂
But I do anticipate good banter … 🙂
MAYA!! Ipso, and others … Hello, Wanka let me in, but he made me promise I wouldn’t tell anyone… So keep it under your hat.
R
on the subject of daydreaming, here’s a little thought you’ve probably come across before. If you add a zero to gold’s highs and lows of the 1970s, then allowing for printing, you get a rhyme for the present price behaviour:
1971 -$34 close enough to rhyme with $220 in 2000
1975 – $195 roughly equates to the high of $1030 in 2008
1977 – down to $137 similarly proportional to the low of $700 in 2008
1980 – $800, not unlike … ?
Welcome back, old friend! Thanks for the coffee…. been some slackers around here lately that never brew a pot.
i just got denied access. did i pi$$ somebody off?
I think you need to add another zero to your numbers. 🙂
Not that I am greedy, but let just one country announce they are backing all or just a part of their currency with gold or silver, and watch what happens. On that day, I think you can fold up your favorite gold chart into an airplane, and send it skyward to get an idea of how high gold and silver are going. That will be the price for an actual ounce, held in your hand.
I think the old Chinese curse is upon us, “May you live in interesting times.”
And I think the old phrase, “Good as gold.” will take on a new meaning most can hardly imagine.
Oops, there I go day dreaming again. Its that dang slow cooker’s fault. You throw in a pot roast, some vegetables, onions & chicken broth, and I got nothing to do for the next 8 hours. I think I’m turning into that Buygold. Aint good for nothing, aint worth the whiskey. 🙂
to capture IRA money? Forbes has recommended them in the past too.
Look how pathetic a $10,000 “investment” does in their fund since 2006. Good job wall st prankers
that my TWO GOLD FUNDS TGLDX & GOLDX are climbing just as FAST as many Exploration stocks .Their charts have a sharp angle up ! with diversification risk minimized ! Many of the Funds are holding the same stocks (Royalties)cash,Bullion ..I figured that out years ago !
The only Fund I wouldent touch is VANGUARD Precious metals ..The reason is some years ago when the move started I was in VGPMX and as soon a Gold took off ,they closed their Fund to NEW investors and would only take SELL ! orders ! WHAT ? That was absurd and against MY INTERESTS .. I suspect they were getting redemptions in the S&P stocks with orders to buy GOLD instead ..The S&P was a Giant business for them so they looked out for themselves first .I quickly sold all I had in their GOLD ? FUND and switched to TOUCQUEVILLE FUND I made 300 % on the switch while their FUND went nowhere for months .I would have lost several hundred thousand. I never forgot that treachery and will never go back to Vanguard.
No matter who gets elected our next President, we are in for rough times ahead. If its Hillary, then the progressive socialist movement will continue to push our Freedoms off the nearest cliff. If by some miracle, and its going to take one, Trump wins, he has a mess to clean up before we begin rebuilding this country. Either way, I can see a whole lot of pain coming down.
And you are exactly right. Gold and Silver but one thing we all need to be stacking. Better be watching out, taking care of, a multitude of items. The check list seems to grow longer by the day. And if I had to put one thing ahead of most others it would be to be nice. Be nice to people around you. Today is a good day to start a program of Random Acts of Kindness. Mow the neighbors grass is he aint feeling so good. Call up an old friend just to check in. A lot of folks are already hurting, its time to be of some help. Besides being the ‘Right Thing’ to do, it will probably pay dividends in the future. One way or another, having friends around us may just make the biggest difference of all. Mind if I tell you a story?
Several years back I gave the fellow from India who runs the local convenience store a silver eagle as a gift to celebrate the birth of his first son. I will never forget the look of surprise on his face. Im not sure if it was because a customer would treat him in that fashion, or if it was the Silver Eagle. And believe me, as all folks from that part of the globe do, what an ounce of silver was. Kinda nice to give a gift to someone who truly appreciates it.
Anyways, a year or two later we had a little problem with the gas and diesel supply in these parts. Nothing like the long lines of the 70’s mind you, but fuel was getting a little sparse. So I pulled in to the store and the owner pulled me off to the side and told me no matter what, he was saving me a hundred gallons of diesel in case I needed it. Even if he had to put a sign up ‘Out of Fuel’ he told me to come on in and he would fill up the truck.
I have yet to place the value of that one particular Silver Dollar. I have a feeling, my remembering the birth of his son, and my small gift of an ounce, may return many, many, times over. Every now and then I like to kid around and I ask him if he is still holding my fuel? His reply is always the same, and said in a most serious way, “Always Mr. Farmboy, always!” You know, I believe him. I believe he is a man of his word. A Single ounce is not a bad price to make a new friend.
Yeah, Rainbow, time is running short I think. Best heed the calls all around us, and start on the checklist. Not just for ourselves, but so we can be in the position to be of help to others. Kinda like a prayer I heard once. ” God bless me with all that I need, and a little extra, so I can help someone else.” Think that embraces a spirit of gratitude that will get us through.
Dang if that aint a pretty good sermon ! Almost feel like passing the collection plate. 🙂
Glad to have you aboard Rainbow and look forward to how you see things. The floor is yours, I will even let you use my soap crate since you made the coffee.
…… in 2 -5 years, an ounce will be valued at……$120. Oh wait, that’s SILVER……GOLD will be valued at $3600 for a 30/1 ratio…..and that’s still nothing to what is coming after that, like $280 SILVER and $7000 GOLD for a…………
Ipso, 3 authentications required to post this short missive!!
Was not that long ago, ok, well, about ten years ago I could still dig 40-50 post holes in a day. Today, you would be lucky if I could dig a dozen post holes. In part, it’s kinda like my attitude towards drinking. I think I will let the younger ones pick up my slack. I see a lot of young men around town. Mostly doing nothing that I can tell. Some do flip the occasional burger or provide that double chocolate scooped ice cream cone. And I appreciate they being there to serve me, but I cant help but wonder if their purple hair, tattooed arms, could haul 50 or 60 bales fo shingles up on a roof. I even wonder if they know what a hammer is?
That is pretty much how I view the gold bashers these days. Seems it was but a few years back when they could knock gold down 20, 30, or even 50 bucks in a mornings work. I think their arms are tired, and like noodles now. They seem to do ‘good’ if they can bop gold for a ten buck, and even then, their efforts have little or no lasting effect. The Boyz seem to be running out of steam. Losing the battle in the pits.
Ya know, somedays I am so bored, I almost wish they would make things exciting again with say an exhilerating $100.00 down roller coaster dive. Imagine it would be like riding in Maddog’s Jaguar doing a hundred on some curving road. So far today, watching them at work is about as exciting as swatting flies. Well, I guess I get my thrills where I find em.
Good to see you keeping up at the Oasis. Keep fighting the good fight !
Best, Farmboy
But if Trump does not win it will be because Hillary got 110% of the votes, just like Obama did in many states. I’ve asked this question before but never get a response. What is ANYONE doing to make sure this election is not another crooked one?? What is being done to make sure the voting machines are not rigged?? What is being done to make sure all voters are legal voters?? Since this subject never comes up I would assume the MSM has been instructed to say not a word on the subject.
I wish to hell somebody with the power would take on this project to be certain this coming election is a fair and honest one. If so I would say trump will win by the most votes ever recorded in American history…..not because everybody likes Trump, but because they know they don’t want lying Hillary to lead them further into hell. I really think America is beginning to wake up!!
>… brings a smile to my face …I try to imagine the price of Gold and Silver 5 years from today…
If the numbers you imagine come to pass, there may be precious little else to smile about. As they say, be careful what you wish for.
I’m getting old, pretty sure of it, because I find myself day dreaming a lot more these days. My chores are simple and few enough that it allows my mind to wander onto different things besides the task at hand.
I have one particular thing that I day dream a lot these days, and it always brings a smile to my face. I try to imagine the price of Gold and Silver 5 years from today. Or even just two years. I agree 98% with the author of that article. The PTB and their games are coming to an end. And when the smoke clears, I continue to hold to idea that only ounces will matter or count. Not because I wish it to be so, I simply see no other option.
Guess I will keep stacking, and adding to the food pantry is probably a good idea as well. Seen where folks were standing in line for 12 hours to get something to eat in Venzoolayem. I hate standing in lines.
Now back to ….what was it I was going to do ….oh yeah, in 2 -5 years, an ounce will be valued at….????
European Banking System Collapsing Now! Next up, Sovereign Bonds?
by Andrew Hoffman | Aug 2, 2016
Unequivocally, the rubber is hitting the road NOW! So much so, I believe “last to go” markets are in danger of being overwhelmed by the chaotically scrambling, Keystone Kop-like, terminally cancerous “powers that be.” And by “last to go,” I don’t just mean the gold and silver markets, which are being swamped by exploding physical demand, collapsing production, vanishing inventories, and history’s most violently PM-bullish political, economic, and monetary environment. No, I mean everything else; including hideously overvalued stock markets – which cumulatively, will either crash into oblivion, or hyper-inflate Zimbabwe style; with the result, in either case, being the biggest real losses of all time. To that end, kudos to Gordon Long, who in this article, opened my eyes to the massive head and shoulders top formation in global stock markets, which is breaking down as we speak; ominously, led by financials. Which is exactly why he – and I – anticipate Central banks are about to go “all in” on hyperinflation.
cont. http://www.milesfranklin.com/european-banking-system-collapse/
is he tells the Truth. Likes to smack you in the face with it. And there aint much defense against the Truth except telling more lies on top of the lies. Ever try to lie your way out of something? Well, it has the Democratics, a some Republicans too, who are up to their eyeballs in lies, bribes, and misconduct of all manner squirming like an earthworm on hot asphalt in August.
The elites have lied to us for so long, and it has mostly worked with a lot of folks, some dont know how to handle a man like Trump. He simply gets in front of an audience, time after time, and shines a light on the darkened back rooms of lies and deceit that we have been fed thanks to the collusion of the Media. He aint afraid, to call someone out on their lying, cheating, ways. And he has something we have not seen in a long, long time. It is called character. And he does not need, nor seek, money or approval from those in Washington and that includes politicians and lobbiest of all stripe.
And Trump talks about change. Real change. Brick and mortar kind of change. And he talks about putting America first, again. And a lot of folks simply cant handle even the thought of such, without getting sick to their stomach. Those wretched ones of evil are feeling the heat of Truth. And they see a crowd gathering around Trump, and they are running scared. They are beginning to act like a rabid animal that is cornered, hissing, snarling, and spitting.
And its just getting started, this battle against Truth, and Trump. I hear Hillary has 100 million to run Tv adds. And I am sure Soros, Buffett, or a host of others will quickly give her another few hundred million as needed. The ones we hear spewing the most hate, are most likely the ones who have the most to lose if Trump wins, and Truth reigns.
A lot of folks are old enough to have grown up with Heros. We had a whole bunch of em. Superman, Batman, Roy Rogers, and of course, John Wayne, The Duke. Trump kinda reminds me of some of these characters. I believe Trump says what he means, and means what he says. Truth, plain and simple. America has a choice to make come November. In my mind it really is about making up our minds, do we support, stand for, embrace, Truth, or will it be the continuation of things evil, and letting the Elites continue to run down our Country.
God Bless America. But I think He is leaving it up to us to decide which direction, which path, we wish to choose. We are about to see, what kind of heart America has. And in my opinion, its too close to call.