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Goldhedge said:
What 'position' would be the safety net?
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tenor.gif
 
I'm getting stimulated... how about you??



Current situation:

1. The US is preparing $2,000 stimulus checks
2. Japan is preparing a $110 billion stimulus package
3. China has approved a $1.4 trillion stimulus package
4. The Fed is officially ending QT on December 1st
5. The US is issuing~$1.9 trillion in treasures per year
6. Canada is restarting its Quantitative Easing program
7. Global M2 money supply is at a record $137 trillion
8. Global rate cuts are at 320+ over the last 24 months

In what world is another wave of inflation not on its way?
 
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US executives and US consumers have polar opposite views on inflation:

Mentions of "inflation" during S&P 500 earnings calls dropped to 4,300 this quarter, the lowest since Q4 2020.

The number of mentions has fallen -32,700, or -88%, over the last 3 years.

By comparison, during the first quarter of the year, there were 11,700 mentions.

This is sharply different from consumer expectations, which see inflation rising 4.7% over the next 12 months.

Households expect a 3.2% inflation increase over the next year, according to the New York Fed survey.

Corporate America has moved on from inflation, while Main Street remains concerned.
 
Good question



QUIZ NO. 9: What would your Average Salary be today in #dollars if you were paid the same number of ounces of #gold your salary would buy in 2000?

DRUM ROLL PLEASE ............................................ $674,400!! (up from $47,000 in 2000, & compared to $101,200 average salary in UT today...)

Yup!! This how much purchasing power we are losing everyday from Federal #MoneyPrinting to cover massive #deficitspending and a metastasizing #nationaldebt!!

What would YOU do with the extra $573,200 ($674,400 - $101,200 today's average wage....) What would #Utah -- or the #UnitedStates -- be like if everyone preserved their purchasing power thru using #constitutionalmoney ... gold and silver? (See U.S. Const. Article I, Sec. 10).

I need your help passing HB306 Transactional Gold from last year, and more, in our upcoming Utah legislative session!!
 
Goldhedge said:
Good question



QUIZ NO. 9: What would your Average Salary be today in #dollars if you were paid the same number of ounces of #gold your salary would buy in 2000?

DRUM ROLL PLEASE ............................................ $674,400!! (up from $47,000 in 2000, & compared to $101,200 average salary in UT today...)

Yup!! This how much purchasing power we are losing everyday from Federal #MoneyPrinting to cover massive #deficitspending and a metastasizing #nationaldebt!!

What would YOU do with the extra $573,200 ($674,400 - $101,200 today's average wage....) What would #Utah -- or the #UnitedStates -- be like if everyone preserved their purchasing power thru using #constitutionalmoney ... gold and silver? (See U.S. Const. Article I, Sec. 10).

I need your help passing HB306 Transactional Gold from last year, and more, in our upcoming Utah legislative session!!
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On the flipside. If we were using gold, we’d have deflation instead of inflation. So you’d actually be getting fewer ounces of gold in your salary also.
 
Too bad they are paying in yen. The BoJ should print new currency with the picture of Little Boy on the 100Y note and Fot Man on the 500Y note because they are destroying their currency.
 
Anyone see this on the street?

Gold Is SOLD OUT Everywhere… Here’s What They’re Not Telling You!​

 
Goldhedge said:
Anyone see this on the street?

Gold Is SOLD OUT Everywhere… Here’s What They’re Not Telling You!​

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Sd has almost 2000 AGE's. How many you want? In fact looking quickly through the 1 oz gold coins they have you could easily spend 20-25 million just in 1 oz gold coins. Add in smaller denominations and gold bars and that would probably double. Now, if you're a billionaire looking to spend 100 million or so, then maybe you have to shop at 2 places. SD and Miles Franklin.

Keep in mind a lot of the info out there is nothing more than hyperbole put out by the players who are selling metals. The hope is to convince the masses that a shortage exists so they go running to load up and in doing so may even create a minor shortage but it would be short lived. The only way these dealers make money is to move metals. Especially at these higher prices.

The one shortage I still see is in the kilo silver bars. I haven't really checked much else. The last few days Scottsdale has been posting on FB though and showing off the pallets of silver they have. Looks like they are getting ready to do a large run in something. My estimate is about 50k ounces per pallet.
 
Goldhedge said:
Good question



QUIZ NO. 9: What would your Average Salary be today in #dollars if you were paid the same number of ounces of #gold your salary would buy in 2000?

DRUM ROLL PLEASE ............................................ $674,400!! (up from $47,000 in 2000, & compared to $101,200 average salary in UT today...)

Yup!! This how much purchasing power we are losing everyday from Federal #MoneyPrinting to cover massive #deficitspending and a metastasizing #nationaldebt!!

What would YOU do with the extra $573,200 ($674,400 - $101,200 today's average wage....) What would #Utah -- or the #UnitedStates -- be like if everyone preserved their purchasing power thru using #constitutionalmoney ... gold and silver? (See U.S. Const. Article I, Sec. 10).

I need your help passing HB306 Transactional Gold from last year, and more, in our upcoming Utah legislative session!!
Click to expand...

More proof that gold is just way over valued rn. Gas prices are up 100% since 2000. Gold is up 12x since then. If gas prices were to follow gold then gas would be 18 dollars a gallon. The average price of a home would also be 2.4 million but it isn't.
Thats why I say there is a disconnect between the metals and everything else.
Gold has gone up about 12-14 x since 2000. The only thing that even comes close is the national debt and even that is only up about 7.5 x in the same time period.
 
Cigarlover said:
...
Thats why I say there is a disconnect between the metals and everything else.
...
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If the rules governing the model were the same, that would be a valid inference. BRICS building a global payment rail underpinned by gold is changing the demand and value proposition for gold. LBMA/COMEX running out of vaulted silver stock while industrial demand is going on 5th year of exceeding global production is leading to a supply shock (silversqueeze).

~~~



 
pmbug said:
If the rules governing the model were the same, that would be a valid inference. BRICS building a global payment rail underpinned by gold is changing the demand and value proposition for gold. ...
Click to expand...

 
Cigarlover said:
More proof that gold is just way over valued rn. Gas prices are up 100% since 2000. Gold is up 12x since then. If gas prices were to follow gold then gas would be 18 dollars a gallon. The average price of a home would also be 2.4 million but it isn't.
Thats why I say there is a disconnect between the metals and everything else.
Gold has gone up about 12-14 x since 2000. The only thing that even comes close is the national debt and even that is only up about 7.5 x in the same time period.
Click to expand...

This is the fourth turning... It IS a deflationary collapse. In EVERYTHING except MONEY. Gold is Money. That is the price action one would expect. And expect to continue.
 
Cigarlover said:
More proof that gold is just way over valued rn. Gas prices are up 100% since 2000. Gold is up 12x since then. If gas prices were to follow gold then gas would be 18 dollars a gallon. The average price of a home would also be 2.4 million but it isn't.
Thats why I say there is a disconnect between the metals and everything else.
Gold has gone up about 12-14 x since 2000. The only thing that even comes close is the national debt and even that is only up about 7.5 x in the same time period.
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so sell all your PM's??
 
pmbug said:
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Central banks are now stackers...

Reminds me of JP Morgan "Gold is money. Everything else is credit."

What I find interesting is the change in thinking from JP Morgan's era to today.

It's as if we've been fooled by technological advances to believe something that isn't true and we've built a whole economic system around a myth.
 
Goldhedge said:
Is this for reals?
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Which part?

SFE price? Yes. It's at a premium to LBMA.

SFE/SGE low vault inventory? Yes, it has been draining for weeks.

LBMA death watch? Maybe. VBL's tongue in cheek statement highlights that the SFE/SGE should be pulling physical silver from LBMA vaults when the LBMA vault stock is ... fragile at the moment. However, there are rumors that the LBMA already owes the SFE/SGE silver and is in technical default with delayed delivery. If the LBMA never delivers, I guess no one will ever know that their vault stock is encumbered?
 
Goldhedge said:
so sell all your PM's??
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If I needed the cash now would be a good time to take some off the table. I have been waiting for an opportunity to add more metals though so for me, any pullback I would be a buyer.
Silver did double top and it will take an event to overcome that and not have a decent pullback. The issues at LBMA and with Japns bond market could both be events so no, I m not selling metals.
 
pmbug said:
Different day, same story. Gold and silver both down from yesterday's close while silver remains at a premium and gold remains more or less at par with LBMA spot. SFE silver vault reports yet another large outflow. Maybe LBMA is not delivering to China. Maybe demand is just that great (but price should be rising instead of falling in that case, right?).
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Certainly looks to me like they are having to tank stocks/crypto in order to try and get silver down. Maybe that's just my huuuuge bias speaking but man, sure looks that way to me. Wish I had taken my own advice and shorted NVDA as I posted the chart above, lol. That happened quickly.
 
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