patrick.net

Strong dollar.

What do you mean strong dollar when we are at 9.1% inflation?

Higher treasury yields compete with gold as an inflation hedge.

If the Fed pivots and lowers interest rates, that’s bullish for gold.

Silver too.

BayArea says

Record inflation
Recession fears
Recently falling stock market
Skyrocketing mortgage rates
Disaster in crypto

Why is GLD falling?

It's a manipulated market. The how and why has been explained for over 30 years as to why this is a manipulated market.

Yes, but I think silver and gold will go up when the dollar goes down, such as dollar index (ticker : DXY)

Shiny rock? Meh.
I don't get the "strong dollar" narrative though. Like... really? Everyone else was even more reckless than our retards? That doesn't make sense based on my observation.

steverbeaver says

Shiny rock? Meh.
I don't get the "strong dollar" narrative though. Like... really? Everyone else was even more reckless than our retards? That doesn't make sense based on my observation.

Banks inflate, they then use this inflation to give the impression of gains, then they increase interest rates, then the repossess the real goods that they gave loans out for.

It's an old old old game. The central banks can create as much money as they fucking wish to create, they can change interest rates arbitrarily. It's like playing monopoly when the bank is playing, and they have a printing press. You can't win. I'm astounding people don't realize how it works yet.

Say you're offered $10,000,000 for your home - fine, this doesn't represent labor. This represents borrowing capacity. The central banks are no audited and they have infinite credit and money. They produce nothing.

BayArea says

What do you mean strong dollar when we are at 9.1% inflation?

https://finance.yahoo.com/quote/DX-Y.NYB?p=DX-Y.NYB

Friedman : “Inflation is always and everywhere a monetary phenomenon.”

This guy always has an interesting take on what is money, what is currency, true GDP, Gold, Bitcoin etc ....

https://truedollarjournal.blogspot.com/

richwicks says

It's an old old old game. The central banks can create as much money as they fucking wish to create, they can change interest rates arbitrarily. It's like playing monopoly when the bank is playing, and they have a printing press. You can't win. I'm astounding people don't realize how it works yet.

If you know how the game is played then it is the height of foolishness not to play it to maximize your own benefit.

stfu says

If you know how the game is played then it is the height of foolishness not to play it to maximize your own benefit.

To play this game is to enslave future generations. Don't you realize this?

Sure you can invest in a corporation that strips you of privacy, and your children, and relegates them to slaves. You can make a lot of money doing this.

Congratulations.

I'm observing what people are from this vantage point. People are willingly selling their children into slavery, and their grand children into slavery, for short term and minimal gains. These are not authentic corporations, they don't provide a service that people want, they are government entities. Twitter does not make money from its users, if they did they would invite all people, that would maximize the number of people that were on the system, argument and disagreement would be encouraged, instead, they censor people. It's a government entity.

richwicks you are correct.

I also see from last 20 years or so that average Joe investor have nothing to do to stock market. We can only follow the trend. Vanguard, Black Rock, State Street, where billionaires keep their money, their managers contemplate which stock, commodities, metals need lift at any given time. Then cash it, when decide it is time.
If someone look into holding those gigantic investment corporations, they own directly or not directly about 80% of the market. Banks are private almost worldwide. Trying change this-that would be deadly rendezvous. You cannot win with them.

Market fundamentals is history now. Yes, we are all slaves. Some worldwide revolution can stop it for some period of time, money change hands, then everything going to be repeat. So far there is not perfect solution. Even communism was the same system just hidden under different shirt.

Gold has been inflated way over the value it should be. If it is to be a hedge against inflation to protect the "Fat Cat's" money.
Then the "Skinny Cats" are going to have to take a beating, on all of that Gold the Fat Cats sold them, promising them it would be a hedge against inflation.
Now it needs to come way back down so room to hedge becomes possible.

Everyone buying Gold from Monex over the 15 years or so, is a damn fool, that believed Gold would never fall, the same they thought housing would never fall.

A Bubble is a Bubble I don't give a damn what it is you're selling.

BayArea says

What do you mean strong dollar when we are at 9.1% inflation?

He means the dollar in relation to all the other fiat currency in the world

I see… comparing currency in europe, Japan, etc we have a strong dollar

Wow, not a single right answer.

You are all looking at the paper market, which I have pointed out numerous times, is HIGHLY manipulated. I invite anyone on here to purchase some common gold or silver coins today using your strong dollar. And I mean you get delivery today, and you get it for spot. Go ahead, I'll wait...

Gold and silver are metals that require physical possession, or an impeccable reputation. The first no one here has attempted. The second, no one in the paper market has. Yes, you can inflate any paper, doesn't matter what's it's purported to represent, because it is fiat, a representation, not the real thing.

stfu says

Friedman : “Inflation is always and everywhere a monetary phenomenon.”

Says the friend of central bankers everywhere. This is bullshit just like the death and taxes statement.

The Matrix has you Neo..

Tenpoundbass says

Gold has been inflated way over the value it should be. If it is to be a hedge against inflation to protect the "Fat Cat's" money.
Then the "Skinny Cats" are going to have to take a beating, on all of that Gold the Fat Cats sold them, promising them it would be a hedge against inflation.
Now it needs to come way back down so room to hedge becomes possible.

Everyone buying Gold from Monex over the 15 years or so, is a damn fool, that believed Gold would never fall, the same they thought housing would never fall.

A Bubble is a Bubble I don't give a damn what it is you're selling.

Again, only correct in terms of paper, and if your in a paper market for gold or silver, you are truly lost!

Gold and silver grow at the same physical rate every year. They are divisible, and can be precisely measured. They are a hedge for those reasons, and those reasons alone. If you wanted cheap gold and silver, you should have bought when we still had the semblance of a stable economy. Way too late for that now. And they are nowhere near peak. Projected peak for silver is in the hundred dollar range.

NuttBoxer says

Wow, not a single right answer.

First of all, is the OP talking about GOLD or GLD?

The Dollar is so strong the Euro is at parity now.

Bought a souvenir in Mexico city.


One ounce of silver in a pretty package. I payed about $7 over spot price for it.

richwicks says

To play this game is to enslave future generations. Don't you realize this?

Future generations will sell themselves into slavery whether you play the game or not. Do you realize that? I am thinking that people do not really want freedom, they just hope for a master "on their team."

NuttBoxer says

Says the friend of central bankers everywhere. This is bullshit just like the death and taxes statement.

The Matrix has you Neo..

I should have included a link to Mises so that you would recognize the trolling.

HunterTits says

NuttBoxer, you don't know shit. Just give it up.

I kind of wanted to mark this personal but I believe in free speech and the right to ignore.

Be more specific. What did he say that you think is completely wrong?

PaisleyPattern says

Strong dollar.

You are absolutely right USD is the route all that money flow has to take 1st to change from risk on to risk off.
Those USD's have to come home 1st and they best be taking all that leverage out of the markets or get wrecked
cause the USD isn't done, eventually USD tilts and then game on just about all things verse the USD flips and flies.
I mentioned how traders would not understand this simple fact about USD strength and it would throw a lot of traders
off the mark.

Onvacation says

Bought a souvenir in Mexico city.


One ounce of silver in a pretty package. I payed about $7 over spot price for it.

Did you buy the Silver Libertad at Banco Azteca?

%Onvacation says

Bought a souvenir in Mexico city.

Nice I have been watching a few sellers on CL and with my thoughts on USD strength I see spot anywhere
between 15.5 and 13 and plan on making some buys in that area... Not sure what the mark up will be I can get
Buffalo Rounds at $23 on a 100 coin lot or $24 if a lesser amt is bought now.
I see some 90% dimes
1000.00 face $ 19,250.00
100.00 face $ 1930.00
10.00 face $ 194.00
Which = 28.60% premium on the dimes $26.68 per/oz I'm waiting to see what happens in time and I'll speak up if/when I buy any...

komputodo says

First of all, is the OP talking about GOLD or GLD?

OP says GLD, but my response on why GLD doesn't match up with expectations for physical in this situation is still accurate, i.e. rampant price fixing by the banking cartel.

Comparing paper to physical will always come with a disconnect, because the only reason paper exists is to bypass the restrictions of physical, and through inflation rob us all blind.

NuttBoxer says

Wow, not a single right answer.

You are all looking at the paper market, which I have pointed out numerous times, is HIGHLY manipulated. I invite anyone on here to purchase some common gold or silver coins today using your strong dollar. And I mean you get delivery today, and you get it for spot. Go ahead, I'll wait...

Gold and silver are metals that require physical possession, or an impeccable reputation. The first no one here has attempted. The second, no one in the paper market has. Yes, you can inflate any paper, doesn't matter what's it's purported to represent, because it is fiat, a representation, not the real thing.

This is true. You cannot trust the gold and silver paper market, it's backed by nothing and thus heavily manipulated, usually on the short side. Not a big fan of owning precious metals for usability reasons, but you cannot go by the price of gld or slv other than actively trading it, it has little relation to the actual physical price of gold on the streets.

Cash says

I see spot anywhere
between 15.5 and 13

What do you suppose the premium will be if you want to buy coin?

the buying price for Silver eagles is currently Spot plus $10+, Maples $7+, and generic rounds $5+. Even 100 ounce bars are going for $3+ over spot. What does spot even mean anymore?

I suspect the spot price will eventually go down to near zero with a huge premium if you actually want to own metal.

Onvacation says

I suspect the spot price will eventually go down to near zero with a huge premium if you actually want to own metal.

Actually the opposite. Premiums always disappear as prices rise. This is because eventually no one gives a shit which coin it is, as long as they can get their hands on some gold or silver. So go for whatever gives you the most ounces now.