The Great Bull Run 2023 - ?

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nickndfl

nickndfl

Sunshine State
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1. We are witnessing the greatest bull run of our lifetimes which began when gold was announced to become a Tier 1 asset a few years ago. Officially it began around July 1, 2025.

2. If you prepare now you will actually experience a deflationary period in terms of PMs for goods and services while others who rely exclusively on the $USD will experience massive inflation. Real estate, gasoline and other needs will be cheaper over time compared to the price of gold.

3. The $USD will still be used for transactions until cryptos become more mainstream. Maybe they will change the color of the notes in the future like other countries to wash out hoarding and hiding the old currency? That's when you know it's over.

4. There will be little demand for long term USTs unless you need income that will be a net loss due to inflation and currency debasement. Other currencies can still fall further than the $USD.

5. The demand for gold is actually heating up right now while the western retail market is actually selling more than it is purchasing which indicates we are nowhere near the top.

6. This could go on for a few more years to possibly $20k+ Au when the price would be fixed. However, can you imagine we could be around $50T in debt by then?

7. If Ag is made a Tier 1 asset look out! Many institutions are not waiting and are stockpiling it now including the USG.

8. I like any US or foreign gold I can buy at spot especially fractional coins. Bullion Exchanges , SD, and JM often sell 1oz and pre-33 at spot with occasional fractional too.

9. Right now there is such a glut in junk US silver coins that you can buy it below spot.

10 Good luck and hope to see you on the other side.
 
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Nice post Nick.

Watching these markets for years and it really seems like we are approaching the end game for the USD (the wheel grinds slowly). Markets are likely to get a bit chaotic as powerful actors work to manipulate the illusion of stability while reality asserts itself. It's a generational opportunity if you can acquire gold and silver and the means to secure it.
 
What is different this time are the fatal debt loads of the west from Japan, UK, EU and the worst offender of all in red, white and blue.

In 5 years or less our interest rates will be managed by the Treasury. There will be a new accord with the FED or it will not exist.

CYA CYA CYA
 
The good news is I'll probably be dead before the $USD goes oft into oblivion. I'm tempted to take the tax hit and pull $$ out of accounts to buy gold. Not all but maybe 50 to 70 K and I'll make sure to keep purchases to under $10 K.

Even tho these accounts are doing well what good will fiat be except for wiping your arse in the future ? I think Nicks prophesy of doom is correct. The numbers just dont add up and I think the chances of saving the dollar and other fiats are long past.

My advice to yutes is to burn those CC's, live frugally, and buy gold and silver. Look at how quickly silver popped back over $43 and gold is never looking back. This time next year you'll be sick you didn't buy it at $3,685.99 .
 
I am sickI did not buy.more on Wednesday.
 
Just imagine if Berkshire Hathaway used part of their $500b in cash to buy Newmont, Barrick and all the physical platinum in the USA?
 
Per my calculations, $38.6B is enough to by every available ounce of silver in the LBMA, COMEX and SFE/SGE.

pmbug

Post in thread '#silversqueeze'

pmbug said:
The silver FOMO bull will overrun the paper exchanges.

Global free float vault stock at the beginning of September was around 19,702.296 metric tons (see link below for details). There are indications that not all of that is liquid either (see second citation below).

Let's be conservative and assume that it is all liquid. Let's even round up to an even 20,000 metric tons to be super conservative with our math.

20,000 metric tons is 643,014,900 troy ounces. Let's assume an average cost of $60/ozt as buyers rotate capital from money market funds and other liquid...
Click to expand...
 
From @nickndfl 's link:
.. this week, President Xi then made what the BBC calls a "landmark pledge" for the first time to cut China's emissions, telling the UN that "The green and low-carbon transition is the trend of our time."

Vowing to reduce the world No.2 economy's net greenhouse gas emissions by 7-10% before 2035, Xi said he wants wind and solar energy installations to grow 6-fold from 2020 levels, reaching a capacity of 3,600 Gigawatts − the same level as China's total installed power capacity today.

New energy vehicles will also become "mainstream" Xi said, potentially boosting demand for platinum-group metals ...
Click to expand...

Sounds like China is going to need more silver.
 
Grok tells me that China had 253 gigawatts (GW) of installed solar power capacity at the end of 2020 and 887 gigawatts (GW) of installed solar power capacity at the end of 2024.

253 GW times 6 = 1518 GW, so at ~900 GW they are already more than halfway there. Between 2020 and 2024, they were adding an average of 158.5 GW per year. To reach the 2035 target, they would need to add 63.1 GW per year - about half of what they achieved over the last four years.
 
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