Loading ...They’re messing with both the stocks and phyz. They’re making it harder on the stocks with mining and harder to buy the phyz when they drive up the prices to almost twice spot. It used to be you could get silver eagles for under 3 over spot and 3 when a lot of buying.
They can say what they want but it’s just more manipulation.
Maddog
Well gold might have had a sudden spike but luckily it was exposed in this case.
I decided to Check out news on the other site because out of country like Maddog you can sometimes find things you can’t find here due to more and more gov/ media censorship that doesn’t fit their narrative.
My Japanese friend tells be things from a Japanese commentator like a Tucker she can translate.
Independent journalists getting more popular.
Japan does though have reasons to worry about China.
Apparently Ukraine is up to no good. It may not be Russia that starts anything with NATO but Ukraine and probably this corrupt Gov that’s probably in on it. They would probably blame Russia.
“How is it possible that Ukraine is plotting against a NATO country??”
Hungarian media is abuzz with angry reactions after a leak obtained by The Washington Post revealed that Ukraine was planning to blow up the Druzhba oil pipeline that transports crude from Russia to Hungary.
Tarjányi then recalled that “on the one hand, Hungary has helped hundreds of thousands of Ukrainian refugees over the past 15 months, despite all the differences of opinion. We have to understand, our country sent aid, medicine AND!!! in the end voted for ALL sanctions against Russia. He then pointed out that “in addition to this, and this is not a negligible FACT, Hungary is a NATO member, so such a plan makes no sense at all.
Buygold
To me the Rig is the main factor, as long as that can run, then PM’s have a serious problem….break out will be forced to fail etc. and values will be miles short of where they shud be.
That said I see the Rig as part of the Deep State/WEF problem, which is in serious trouble, as it has less than zero backing from the general population, it can only maintain itself by cheating and force.
That is not sustainable while trying to maintain a charade of a functioning democracy, it will soon have to go full despot and thus prove all conspiracy theories correct.
Meanwhile growing numbers are seeing through the existing facade, tks to the Vaxx scandal and the fake Ukraine war etc….I saw an interview with RFK Jr, with Mark Steyn…..in it he openly accuses the CIA of killing his Uncle and Father…..Trump has apparently seen the relevant documents and refused to release them, due to their incendiary nature…..Once the Dems realise that the CIA killed their great hero JFK…then they too will turn on the Deep State…..
Plus I think the only reason that Russia and China are holding back, over Ukraine, is the possibility that Trump wins in 2024 and common sense will return…..if the Dems cook it again…all bets are off.
Buygold
lol It’s really not a mental illness, it’s a addiction that becomes a way of life.Same way sports can be. Or like cigarettes where you know it isn’t good for you but you do it anyways.
I checked in FGC and Rambus site awhile back and was surprised to see so much info on C-OVID and other subjects as the governments get more stupid and corrupt. That was surprising as it started out just charts on PMs.
I saw Silverboom on there too , and Goldballon and his travels who may have gave it up too. He’s such a camera ham.
There was a lot of good info on other stuff besides gold. I didn’t sign up, I just checked in during Covid.
Yours right about the charts though, The economic climate and charts have to go together. That could be seasonal or some event.
there too.
Found this post on a UK political board …no link
I’ve spent a lot of time in Taiwan – probably something like 15 visits over the last 20 years, some of them for up to 4-5 weeks at a time. I was there last month, as well as in Japan, my first time to either since Covid re-opening.
The Taiwanese don’t see a Cold War. Neither are they concerned about imminent invasion. Rather, Truss’s visit (and the Pelosi one, and others) is about Taiwanese domestic politics.
The current Green Party administration – in power for about 7 years with a presidential election due next year (President Tsai can’t stand again) is keen to show itself ‘standing up for Taiwan. It’s also mired in sleaze of the sort we are quite familiar with – dodgy covid contracts, plagiarism, sex scandals. It needs a distraction and all this fuss delivers it quite successfully.
Plenty of Green Party senior politicians either come from families that have made a fortune in commerce with China, or indeed made a fortune personally the same way. These are largely the same families that did well under 50 years of Japanese occupation. The families that came over with Chiang Kai Shek largely remain involved with the KMT – needless to say many of them did very well (not least Terry Gou, billionaire owner of Foxconn, who stood last time for the KMT presidential nomination and is running again).
So Taiwan is not disengaging from China economically. The only disagreement between the two parties is on strategy for maintaining effective independence – the KMT (perhaps increasingly naively since the arrival of President Xi) thinks this can be done by smoothing over difficulties and kicking constitutional questions into the long grass. The Green Party is rather more fearful, and is working to diversity the economy and build stronger alliances with the West and with Asian partner economies.
The Green Party sees Taiwan’s history as largely separate from China – after all it was only a made a province of the Qing government in the second half of the 19th century, in response to Japanese incursions, and was handed over to Japan in 1895. During the chaos of the Chinese Civil War after 1945, Taiwan was handed to the Republic of China and the island handed over by the Japanese to what was effectively just another lot of incomers (other than a few elite trading families, few Taiwanese spoke the RoC’s standard mandarin). Protests against RoC rule were ruthlessly put down (unarmed demonstrators shot in some incidents, many other activists detained, tortured and disappeared), and a Franco style dictatorship established that lasted effectively until the early 90s, though pluralism was a gradual process. The Greens belong to the tradition that fought for democracy throughout this period.
The KMT is the old RoC party, somewhat reformed needless to say. It has a vote reach that goes way beyond the 10-15% of the population descended from post 1945 immigrants (indeed, quite a few ‘elite’ Green politicians are decended from this group embracing their ‘progressive’ agenda – the KMT remains more Conservative). It sees itself as sensibilist, anti-boat rocking, but it should be noted that their history is very anti-Communist. At the margins there are a few Chinese stooges in the party but for the most part they are just as committed as the Greens to de-facto independence. And to making money.
So what can we do? First of all, mainland China cares not a hoot about Truss except where they can advance their own propaganda (and there’s plenty of that in bashing the arrogance of a failed politician from the country that kicked off the ‘century of humiliation’ that started with the First Opium War in the 1840s). Truss seems oblivious as to how this stunt reads in China and Taiwan – with laughable ignorance, she pronounces on things she doesn’t understand, a coda to her dreadful stint in No.10.
As for supply chain, any company that doesn’s have that issue in hand deserves to go to the wall – there’s no role for Goverment except perhaps to tweak procurement rules for the Government itself. The Confucius Institutes could easily be replaced, in partnership with Taiwan (Taiwan offers generally better Chinese teaching anyway than institutions in China because it comes without political bias and generally uses more modern teaching approaches, also enables more advanced students to learn both Traditional and Simplified Chinese).
As for cheap political stunts like Truss’s latest one – these are best avoided. The substantive work to assist Taiwanese democracy and values is far more important than tedious showboating.
It should be noted BTW that Taiwan is far more like Japan in its manners, cleanliness, openness and general way of doing business, than it is like China – also in its streetscapes and overall architecture, unsurprising perhaps as much of the infrastructure of modern Taiwan, from roads, reservoirs and railways to government buildings and theatres, was built during the Japanese occupation. The Taiwanese have a better sense of fun than the Japanese though – it’s a great place and I would recommend anyone who can to visit. It might shatter a few preconceptions.
Goldie – so true
“Even if they kept it down the economy is still going to sand.”
Exactly right!
It’s funny, all the travelers we’ve had on these boards for so many years
I remember silverboom. He was like me and finally threw in the towel on the shares, back what 10-15 years ago? He was smart enough to say enough is enough.
Fullgoldcrown also made the right move when he gave up and went with Rambus for the T/A crowd. However he didn’t lock himself into just pm’s. Smart move. I gave him alot of crap. I was wrong to do that.
Don’t misunderstand, I wouldn’t trade our tight group here for any other place, but you all get my point. I’m just saying it again for the 100th time.
The fact that I’m still here is very telling – about me. I have a serious mental defect for continuing to play this game in the hope that dreams might come true.
That is mental illness. I’m guilty.
Buy gold 6:31
Generally the ones people pick up on once it’s get going are the micros or forgotten juniors.
But a warning, once the micros start moving as people start looking for what else to buy lol that still has a way to go or so they think. It’s a sign we’re at the top. They’re not realizing the buying is slowing and that’s where selling could come in . To at least get your money back you paid in with profits because the sector is so volatile and lots of bad influences come out to mislead people not to trust their own eyes, experience or intuition,
Buygold 6:20
Lol, Gold doesn’t decrease the quality of life, the Gov does.
They’re admitting they got to try to slow the pace of the PMs cuz it will make them look bad.
Between 2000- 2008 it steadily went up because I think they weren’t paying attention till people bragging about it to the Gov., particularly the Fed. It’s been a battle ever since. Even if they kept it down the economy is still going to sand.
Morning Goldie – very well said – all.
“That’s a bad habit risk less the chart verified a move I don’t see in other sectors. It just takes from your profits.”
Yes, and charts are meaningless when trying to gauge upside. We should have had a huge breakout just a couple of weeks ago. It is not normal for every potential breakout to be sold.
I no longer have fear of missing out on anything gold and silver. There’s plenty of it available, no shortages as we’ve been told over the years. It’s all a big lie in today’s corrupt world.
Buygold
I don’t blame you. You just can’t hold them once they turn on you. Only thing the miners are good for is position trades. They seem they are now in a new bull market then they turn again.
On going energy prices didn’t help. It would have to go high enough to make it worth while.
They say only keep 5 % in PMs Just watch this disinflation and don’t let talking heads fool you with predictions they will pivot to inflation. Then if they do pick your targets maybe one or two and don’t listen to them with to the moon BS. They’re probably trying to sell. Ordinary people may think so or want to think so but talking heads it’s only a opinion or they want to sell.
I think we all grabbed shares of stocks once it gets going that you know nothing about only going up on sympathy and if you can’t get out at that sudden stop in time you’ll never get your money back. Only good at tax time.
That’s a bad habit risk less the chart verified a move I don’t see in other sectors. It just takes from your profits.
People are slowly merging in little by little or were. They could get out just as fast.
We don’t exactly have a gov. we can trust with anything right now. There is no part of the Gov. workers that we can trust now, nada.
All you can do is position trades at certain times of the year. I wouldn’t even do options, too risky.
So, counterintuitive to why to invest in gold at all. We’re supposed to hold it for security, but hope it doesn’t go up because the economy would be real bad then. What?
…gold is the only currency to have survived throughout history and is thus essential for long-term wealth preservation.
“Finally, they caution against wishing for the gold price to go up, as it would decrease the quality of life.”
Funny, I’ve always owned gold for exactly that reason, to pick up bargains during the collapse.
Morning dbr2
Well said. “True believers,” indeed.
Here’s the real problem, I have been afraid of missing out for 20 years. I no longer believe there is a point where gold will go no bid and shares will go up 10x. Those days came and went in the early 2000’s.
It’s really the shares. G & S in phyzz form is just fine and I don’t intend to sell unless I need to raise cash.
These shares are all garbage. Every one of them. Occasionally you’ll get a Kirkland Lake, but those companies just get bought out and buried in a large miners portfolio.
The guy I’ve bought my phyzz from told he would never buy a miner back in the early 2,000’s. I wish I had listened.
I’m no longer afraid of missing out, because for 20 years, shares always come back to the crap they are.
