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Gold getting KILLED!


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2022 Jul 20, 6:54pm   24,906 views  181 comments

by stereotomy   ➕follow (0)   💰tip   ignore  

Now that iTulip is officially defunct, I thought I'd resurrect MEGA's (Malcolm) thread over there and transplant it here. Apologies in advance to @Patrick.

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149   richwicks   2023 Sep 30, 9:13pm  

CCCP_trollbot says

I’d give you some credibility Richwicks if you would immigrate to China or Russia.


I might immigrate to Russia. The language is hard, but it's doable. Mandarin, that's very difficult. There's barriers to leaving.

CCCP_trollbot says

But no, you pay your taxes here and complain about how horrible the US is.


If I move to another nation I give up my ability to try to change the nation, since I moved to it. Don't you realize this?

CCCP_trollbot says

If it were so bad in the US you would have left, but no, you will stay here until your last breath (and bitch and complain).


Oh no, it's bad in the US certainly. I'm just tired of people thinking it can't be improved and settle for a senile old fuck with a crackhead son using his own kid to accept bribes, and you thinking this is the "best nation in the world". HAHAHA. You'll defend whatever these mother fuckers do, sell your kids and grandkids into slavery and thinking "we're the leader of the free world".

Ugh, the propaganda techniques of the USSR and NAZI Germany, it's hilarious it works on you so easily. You aren't human. I have held onto the idea that you could be educated, you're only useful to be exploited. I completely understand the contempt of a career criminal like Biden to take advantage of you. I understand their disgust.
150   richwicks   2023 Sep 30, 9:28pm  

CCCP_trollbot says


“I might immigrate to Russia.”

Dude, you are sooo full of shite. There is no fucking way in hell you do that. I am willing to bet on it. How much?


My cousin abandoned this country for Argentina, another for Canada although she didn't realize she was jumping from the pan into the fire. My grandfather abandoned Poland.

I kind of want to stay here to see this place burn. I'm in Silicon Valley, I'm starting to see the shit show now, been going on for months. 5 hotels have been built within walking distance from me, they are all empty.

I know people that have abandoned the United States for UKRAINE. I hope he's alive, seriously, I've not heard from him in years. I warned him the US overthrew that country and was trying to provoke a war with Russia - he thought I was crazy. What can you do?

I regard this country as reformable still, perhaps that's my delusion.



"We're the leaders of the free world", right? Who else in the entire world has such a scumbag as a kid? Apple doesn't fall that far from the tree after all. HAHA.

I just have to laugh as Americans take it up the ass, and choke down the cock. We obviously didn't elect this asshole. We have 24/7 propaganda, that maybe 40% of the population believes. It really is hilarious, IF you can appreciate clown world. I go in and out of it. It's funny, and then it's despair. What I can see, anybody can see, but only a minority bother to see it.
151   Patrick   2023 Sep 30, 9:30pm  

@CCCP_trollbot The rule here is that you cannot personally insult the other users.

Please stick to the point, and leave the person alone.

If you don't like someone, just don't engage, or better yet, put him on ignore.
152   richwicks   2023 Sep 30, 9:31pm  

Patrick says

CCCP_trollbot The rule here is that you cannot personally insult the other users.

Please stick to the point, and leave the person alone.

If you don't like someone, just don't engage, or better yet, put him on ignore.


I think you are incorrect here. I don't see where he's personally insulted me. I think you've made an error.
153   Patrick   2023 Sep 30, 9:33pm  

"If it were so bad in the US you would have left, but no, you will stay here until your last breath (and bitch and complain)."

That's definitely a personal insult, not about anything but the person.
154   AD   2023 Sep 30, 9:35pm  

PeopleUnited says

Most of our debt is owed to Americans not foreigners. There is no reason to hyperinflate, so the concern is basically ludicrous.


Yeah from what I've read such as on Statista about 22% of total US federal debt is owned by foreigners.

Its all about debt service and solvency. How much can it be sustained in regards to tax receipts and expenditures, or cash flow.

If debt service is problematic then I think they'll raises taxes. They also may cut back on Social Security payments for those in the upper tax brackets.

/
155   AD   2023 Sep 30, 9:42pm  

richwicks says


The metrics for a "good economy" that the US defines, the United States defines, is GDP, which is just monetary churn. If a drone plane cost a billion dollars to make and sell, that's better than an ENTIRELY EQUIVALENT drone made in China for $100.

GDP is just another form of propaganda. It's not an actual measurement.


Very true as RFK stated this when he was running for President. GDP is just one way to examine debt such as debt to GDP ratio. A better way is debt payment as a percentage of total federal budget.

Also GDP is helpful as far as tracking defense spending:
https://www.statista.com/statistics/217581/outlays-for-defense-and-forecast-in-the-us-as-a-percentage-of-the-gdp/

But I like to examine quality of life or standard of living metrics as far as measuring the socieoeconomic progress. Percentage that own a home, percentage that are college educated, average life span, household debt versus annual income, household savings rate, median household savings, crime rate, number of libraries and museums, etc
.
156   AD   2023 Sep 30, 9:43pm  

richwicks says

My cousin abandoned this country for Argentina,


Argentina has been in economic doldrums for at least 20 years
157   richwicks   2023 Sep 30, 10:50pm  

ad says

richwicks says


My cousin abandoned this country for Argentina,


Argentina has been in economic doldrums for at least 20 years


Yes, I know. It's advantageous to go to 3rd world nations when when you have a 1st world income. He's basically retired.
158   just_passing_through   2023 Oct 1, 12:32pm  

Patrick says

Pretty sure it's illegal to use tobacco for barter, but then if SHTF the ATF is not going to be in business either.


I'm going to add some seeds to my SHTF stash. Also grow some for fun; seeing yours motivated me.
159   stereotomy   2023 Oct 13, 7:42am  

Well, now that WWIII can break out along two separate fronts, I guess gold is getting some more love.

160   NuttBoxer   2023 Oct 13, 8:53am  

It's a safe haven, will always go up in a crises. And those just seem to be increasing daily.
161   stereotomy   2023 Oct 18, 8:31am  

^^^
True that - gold bouncing between 1920-1950.
162   stereotomy   2023 Oct 18, 10:17am  

I think I can, I think I can . . . Choo Choo!


163   NuttBoxer   2023 Nov 1, 9:34pm  

Gold buying by central banks is 800 tons for the year.
https://finance.yahoo.com/news/central-bank-gold-binge-even-060000811.html
164   HeadSet   2023 Nov 2, 7:17am  

NuttBoxer says

Gold buying by central banks is 800 tons for the year.

Cool! Looks like they are transitioning to a gold back currency!
165   Misc   2023 Nov 2, 7:35am  

With what did they buy this gold with?

Oh, the paper currency they issued.
166   NuttBoxer   2023 Nov 8, 6:11am  

That would be an anathema to the institution of central banking. More likely their hedging their bets if the digital slave currency doesn't take right away, as another means to force it's adoption. Back it with gold, then pull the rug out. Also possible they're so arrogant they think that will help them weather the storm of a collapse. It won't...
167   NuttBoxer   2023 Nov 8, 6:13am  

Still buying, highest purchase rate is in Q3 of this year. Regardless of their reasons, one more indicator the economy is headed for a bad place:

https://www.zerohedge.com/markets/central-bank-gold-buying-continued-unabated-september
168   RayAmerica   2023 Nov 8, 8:59am  

HeadSet says

NuttBoxer says

Gold buying by central banks is 800 tons for the year.

Cool! Looks like they are transitioning to a gold back currency!


That's not the case in the slightest. The central banks are privately owned conglomerates that are also the biggest con artists in history. They know what is coming; a collapse of fiat currencies, so they are converting their soon to be worthless paper into hard assets, such as gold.
169   AD   2023 Nov 8, 9:34am  

RayAmerica says

they are converting their soon to be worthless paper into hard assets, such as gold.


collapse of paper is collapse of society and the same powers-to-be do not want a collapse of society

they may let society's poor and working class suffer some, such as with inflation, but they want to maintain control even with society's standard of living degrading closer to 3rd world conditions

gold and silver are a good hedge as far as devaluation of currency unless there are competitors like crypto ... I think a lot of money that would have gone to precious metals have gone to established crypto coins like bitcon ...

.
170   HeadSet   2023 Nov 8, 10:29am  

RayAmerica says


HeadSet says


NuttBoxer says

Gold buying by central banks is 800 tons for the year.

Cool! Looks like they are transitioning to a gold back currency!


That's not the case in the slightest. The central banks are privately owned conglomerates that are also the biggest con artists in history. They know what is coming; a collapse of fiat currencies, so they are converting their soon to be worthless paper into hard assets, such as gold.


That quip "Cool! Looks like they are transitioning to a gold back currency!" was a joke, The last thing a central bank wants is an asset backed currency, as that would strip the central bank of its power.
171   NuttBoxer   2023 Nov 8, 1:26pm  

Ahh, the subtleties of online speech..
172   AmericanKulak   2023 Nov 19, 11:01pm  

Can't believe Gold hasn't gone way higher.
173   Onvacation   2023 Nov 21, 11:27am  

ad says

.. I think a lot of money that would have gone to precious metals have gone to established crypto coins like bitcon ...

Agreed! But they're not making any more bitcoin. Gold and silver can just be dug out of the ground.
174   stereotomy   2023 Dec 1, 12:29pm  

Off to the races . .


175   stereotomy   2023 Dec 3, 6:08pm  

Holy shit!


176   just_passing_through   2023 Dec 3, 6:35pm  

Someone(s) are thinking the printing presses are soon to be fired up again.
177   NuttBoxer   2023 Dec 3, 7:18pm  

December's usually pretty dead for serious movement. Stocks do well so CEO's can get their bonus's early next year.
179   NuttBoxer   2023 Dec 15, 6:14pm  

Chinese know what American's will learn the hard way. Never trust your governments paper currency...
https://asia.nikkei.com/Business/Markets/Commodities/Chinese-pay-premium-prices-for-gold-as-economic-outlook-dims
180   AD   2024 Jan 8, 10:14pm  

.

1 kilo of gold is worth about $66,000



.
181   NuttBoxer   2024 Jan 13, 8:04am  

Texas latest state moving back to real money:

https://www.zerohedge.com/markets/texas-gop-moves-support-gold

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