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smaulgld's comments

1   smaulgld   Jul 23, 10:23am     ↑ like   ↓ dislike   quote    

Patrick says

smaulgld says

FedCoin- a crypto currency issued by the Federal Reserve

Seriously? This defeats one of the primary motivations for cryptocurrency: to be out of the control of central banks.

Correct, the fed isnt interested in decentralized private currencies, they want to control the whole thing from end to end!

2   smaulgld   Jun 24, 2:11pm     ↑ like   ↓ dislike   quote    

Blurtman says

I trust God, guns grits and gravy.

You'd have to add GEEKS to that list

3   smaulgld   Jun 22, 6:25pm     ↑ like (1)   ↓ dislike   quote    

BayAreaObserver says

How big is bitcoin, really? This chart puts it all in perspective. Bill Gates’s net worth still beats bitcoin’s entire market cap


Litcoin is worth about $2 billion
a year's worth of annual silver mining production is worth about $18 billion

4   smaulgld   Jun 21, 12:55pm     ↑ like   ↓ dislike   quote    

Straw Man says

What's the point? Let the fools and their money part ways in peace.

I suppose the concern is an increase in volume of non govt issued currencies

5   smaulgld   Jun 21, 12:52pm     ↑ like   ↓ dislike   quote    

HEY YOU says

Too much competition for America's fiat currency.

Ws the Germany Central Bank's speech but all central banks have the issue of competing digital currencies

6   smaulgld   Jun 19, 1:29pm     ↑ like   ↓ dislike   quote    

yes no big surprise at all- people expecting it to skyrocket or become worthless are off base

7   smaulgld   Jun 11, 11:02am     ↑ like   ↓ dislike   quote    

just any guy says

Anyone bought BTC or Ethereum using Coinbase? Do you recommend using ACH or debit/credit card? I know ACH is cheaper.

Coinbase has limits on credit card purchases. The direct draw from the bank account can be done subject to verification of identity.

8   smaulgld   Jun 5, 9:31am     ↑ like   ↓ dislike   quote    

economic recession and depression are not the same as a collapse

9   smaulgld   Jun 3, 6:09am     ↑ like   ↓ dislike   quote    

10   smaulgld   May 20, 2:11pm     ↑ like   ↓ dislike   quote    

CBOEtrader says

Why do their reported holdings fluctuate so much? This is probably just routine petro-dollar transactions. Will be interesting to watch this trend though

Russia's overall reserves have fluctuated wildly the past few years as they sold their treasuries when sanctions were instituted. Then they ramped up gold purchases. Seems now as they are rebuilding reserves they are replacing some of their treasuries holdings that they sold a few years back

11   smaulgld   May 6, 5:32pm     ↑ like (1)   ↓ dislike   quote    

The Original Bankster says

hi im porter stansbury

You didnt read or listen- there is nothing in the content that has anything to do with a collapse of the economy, the dollar or other wise- it is a discussion of an historic episode around the mid 19th century..
But the sacasm would have been appreciated if it was relevant

12   smaulgld   May 6, 4:31pm     ↑ like (1)   ↓ dislike (1)   quote    

The Original Bankster says

not this fucking shit again

A repeat of the story you have heard 100 times about how the US Mint suffered a silver shortage because of the gold rush of 1849- that one?

13   smaulgld   Mar 19, 1:49pm     ↑ like (1)   ↓ dislike   quote    

Patrick says

It's true, the US economy is clearly accelerating.

That article cited NO data to support the contention that the economy is accelerating!

14   smaulgld   Mar 19, 1:48pm     ↑ like   ↓ dislike   quote    

Patrick says

Employment and stock market for sure.

Stock market now has highest P/E ratios - Stock market is not an indicator of the economy, but rather Fed policy.
Growth over the past five years has been tepid but the stock market roared

15   smaulgld   Mar 19, 1:43pm     ↑ like (1)   ↓ dislike   quote    

Patrick says

She raised rates because the economy was accelerating.

Not sure that is the case-
Helen Hayes from CNBC asked her why she was raising rates into a tired expansion- she had no good answer
Recent Data
Retail Sales 0.1%, Exp. 0.1% (poor)
Industrial Production Feb. 0.0%, Exp. 0.2% (poor)
Wholesale Sales -0.1%, Exp. 0.5% (poor)
Wholesale Inventories -0.2%, Exp. -0.1% (poor)
Average Hourly Earnings 0.2%, Exp. 0.3% (ok)

Atlanta Fed shows this:

16   smaulgld   Mar 19, 9:07am     ↑ like   ↓ dislike   quote    



The one safe assets- Yams, Canned or cold storage

17   smaulgld   Feb 27, 1:33pm     ↑ like   ↓ dislike   quote    

I marked this as ad hominem to test the new feature.

18   smaulgld   Feb 27, 1:13pm     ↑ like (1)   ↓ dislike   quote    

Patrick says

It's not so much fake as in false, but selective and partisan.

Some of it is partisan and some of it IS FALSE.

Stories like this are FALSE

I keep hearing that Donald Trump called the media the enemy of the people. This is also FALSE when he said FAKE NEWS MEDIA was the enemy of the people, not the media.

19   smaulgld   Jan 29, 5:36pm     ↑ like   ↓ dislike   quote    

Tenpoundbass says

Hey I saw a Link on Gab to your live video Blog the other day, an amature investors club or something.

I guess I attract amateurs!

20   smaulgld   Jan 18, 4:32pm     ↑ like   ↓ dislike   quote    

HEY YOU says

Who would even think about gold?

The CIA's seemingly pedestrian discussion of the gold market was labeled SECRET for decades

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