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Welcome to the Hardcore Husky Forums. Folks who are well-known in Cyberland and not that dumb.

Well...that's comforting...

HoustonHuskyHoustonHusky Member Posts: 5,993
edited May 2022 in Tug Tavern


A big FU to all the Central Bankers...a bunch of effing morons who think they were smarter than everybody else. They make the Enron crooks look like angels.
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  • PurpleThrobberPurpleThrobber Member Posts: 44,725 Standard Supporter
    HoustonHusky said:



    A big FU to all the Central Bankers...a bunch of effing morons who think they were smarter than everybody else. They make the Enron crooks look like angels.
    Lords of Finance.

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  • FireCohenFireCohen Member Posts: 21,823
    Lol there was no reason it should have been that high to begin with
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  • creepycougcreepycoug Member Posts: 23,617
    I mean, that's tantamount to saying, "we have to prop up this economy on printed money because it's not really there."

    The only good news from that for me is that my lump sum pension benefit will be a lot higher because the modeled discount rate ain't gonna apply. Then again, what will I do with that higher lump sum?

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  • HoustonHuskyHoustonHusky Member Posts: 5,993
    It’s comical on so many levels, and it ignores the idiocy of the govt in all of this. Is there ANY reason for Congress to worry about closing the deficit if the Central Bank just confirmed you’ll never have to worry about paying real interest on the money you are borrowing, which in turn leads to the Central Bankers printing more money to buy that debt that Congress just issued that nobody wants at the artificially low interest rates the Fed is pushing on everything.

    Nasty feedback loop, but I’m sure I will be amazed at how long they can keep it propped up.
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  • greenbloodgreenblood Member Posts: 14,505
    edited February 2021
    This is why I'm a fan of having a small portion of physical gold and/or silver. Gold is tough to hold physically as it costs you over $1800 right now for a single 1oz coin (I know, I'm poor). So I've been buying little chunks of silver each month. I'm buying about 10oz per month right now, just to build to about 200-300 ounces. Buying Silver and Gold won't make you rich, but it's always going to have value.

    The annoying thing right now is everybody else is doing it, so the premium over spot is ridiculous. A year ago you could buy silver at .69 per once over spot. Now it's $5.00 per ounce over spot. So if the price is $27, you're paying $32 for the same silver. I've never seen the premium this high before. So I might actually hold off until supply can catch up and there's a realistic premium again.
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  • creepycougcreepycoug Member Posts: 23,617
    greenblood said:

    This is why I'm a fan of having a small portion of physical gold and/or silver. Gold is tough to hold physically as it costs you over $1800 right now for a single 1oz coin (I know, I'm poor). So I've been buying little chunks of silver each month. I'm buying about 10oz per month right now, just to build to about 200-300 ounces. Buying Silver and Gold won't make you rich, but it's always going to have value.

    The annoying thing right now is, everybody else is doing it, so the premium over spot is ridiculous. A year ago you could buy silver at .69 per once over spot. Now it's $5.00 per ounce over spot. So if the price is $27, you're paying $32 for the same silver. I've never seen the premium this high before. So I might actually hold off until supply can catch up.

    What I always wonder is, when the shit really and truly hits the fan, will anyone really want to barter with shiny metal? I mean, who fucking cares? If you're not making jewelry, or one or two industrial applications, it's useless. People might immediately react by running to it; but eventually realize you can't eat it, sleep under it, or use it for much.

    Hard assets will rule the day if it gets bad enough.
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  • greenbloodgreenblood Member Posts: 14,505
    edited February 2021
    creepycoug said:

    greenblood said:

    This is why I'm a fan of having a small portion of physical gold and/or silver. Gold is tough to hold physically as it costs you over $1800 right now for a single 1oz coin (I know, I'm poor). So I've been buying little chunks of silver each month. I'm buying about 10oz per month right now, just to build to about 200-300 ounces. Buying Silver and Gold won't make you rich, but it's always going to have value.

    The annoying thing right now is, everybody else is doing it, so the premium over spot is ridiculous. A year ago you could buy silver at .69 per once over spot. Now it's $5.00 per ounce over spot. So if the price is $27, you're paying $32 for the same silver. I've never seen the premium this high before. So I might actually hold off until supply can catch up.

    What I always wonder is, when the shit really and truly hits the fan, will anyone really want to barter with shiny metal? I mean, who fucking cares? If you're not making jewelry, or one or two industrial applications, it's useless. People might immediately react by running to it; but eventually realize you can't eat it, sleep under it, or use it for much.

    Hard assets will rule the day if it gets bad enough.
    Silver isn't quite the dystopian play as gold is. Silver is more of a manufacturing asset. Silver is very important for computer components and solar panels. In the future, silver is going to be extremely important if the world goes into the eco friendly environment. Owning the physical silver is the key. Because it's not really a "short squeeze" we are seeing, it's actually a "physical squeeze" in silver. It's only a matter of time before the physical squeeze becomes so big, that prices have to climb.
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  • Bob_CBob_C Member, Swaye's Wigwam Posts: 10,859 Swaye's Wigwam
    I agree with Powell.
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  • Blu82Blu82 Member Posts: 1,577
    creepycoug said:

    greenblood said:

    This is why I'm a fan of having a small portion of physical gold and/or silver. Gold is tough to hold physically as it costs you over $1800 right now for a single 1oz coin (I know, I'm poor). So I've been buying little chunks of silver each month. I'm buying about 10oz per month right now, just to build to about 200-300 ounces. Buying Silver and Gold won't make you rich, but it's always going to have value.

    The annoying thing right now is, everybody else is doing it, so the premium over spot is ridiculous. A year ago you could buy silver at .69 per once over spot. Now it's $5.00 per ounce over spot. So if the price is $27, you're paying $32 for the same silver. I've never seen the premium this high before. So I might actually hold off until supply can catch up.

    What I always wonder is, when the shit really and truly hits the fan, will anyone really want to barter with shiny metal? I mean, who fucking cares? If you're not making jewelry, or one or two industrial applications, it's useless. People might immediately react by running to it; but eventually realize you can't eat it, sleep under it, or use it for much.

    Hard assets will rule the day if it gets bad enough.
    Metals are the hardest of hard assets.
    We have 5,000 plus years of evidence.
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  • Pitchfork51Pitchfork51 Member Posts: 27,066
    I'm hearing it's over. Get out guys. Sell me your house for half value. I'm doing you a favor
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  • creepycougcreepycoug Member Posts: 23,617
    Blu82 said:

    creepycoug said:

    greenblood said:

    This is why I'm a fan of having a small portion of physical gold and/or silver. Gold is tough to hold physically as it costs you over $1800 right now for a single 1oz coin (I know, I'm poor). So I've been buying little chunks of silver each month. I'm buying about 10oz per month right now, just to build to about 200-300 ounces. Buying Silver and Gold won't make you rich, but it's always going to have value.

    The annoying thing right now is, everybody else is doing it, so the premium over spot is ridiculous. A year ago you could buy silver at .69 per once over spot. Now it's $5.00 per ounce over spot. So if the price is $27, you're paying $32 for the same silver. I've never seen the premium this high before. So I might actually hold off until supply can catch up.

    What I always wonder is, when the shit really and truly hits the fan, will anyone really want to barter with shiny metal? I mean, who fucking cares? If you're not making jewelry, or one or two industrial applications, it's useless. People might immediately react by running to it; but eventually realize you can't eat it, sleep under it, or use it for much.

    Hard assets will rule the day if it gets bad enough.
    Metals are the hardest of hard assets.
    We have 5,000 plus years of evidence.
    When I use the term "hard assets", I mean useful shit people need and want. Housing, land for more housing, means of transportation ... shit you either have to have or that most people really really want. When all that shit becomes unaffordable based on your currency's buying power, it becomes the crack of society. Gotta have it.
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  • greenbloodgreenblood Member Posts: 14,505
    creepycoug said:

    Blu82 said:

    creepycoug said:

    greenblood said:

    This is why I'm a fan of having a small portion of physical gold and/or silver. Gold is tough to hold physically as it costs you over $1800 right now for a single 1oz coin (I know, I'm poor). So I've been buying little chunks of silver each month. I'm buying about 10oz per month right now, just to build to about 200-300 ounces. Buying Silver and Gold won't make you rich, but it's always going to have value.

    The annoying thing right now is, everybody else is doing it, so the premium over spot is ridiculous. A year ago you could buy silver at .69 per once over spot. Now it's $5.00 per ounce over spot. So if the price is $27, you're paying $32 for the same silver. I've never seen the premium this high before. So I might actually hold off until supply can catch up.

    What I always wonder is, when the shit really and truly hits the fan, will anyone really want to barter with shiny metal? I mean, who fucking cares? If you're not making jewelry, or one or two industrial applications, it's useless. People might immediately react by running to it; but eventually realize you can't eat it, sleep under it, or use it for much.

    Hard assets will rule the day if it gets bad enough.
    Metals are the hardest of hard assets.
    We have 5,000 plus years of evidence.
    When I use the term "hard assets", I mean useful shit people need and want. Housing, land for more housing, means of transportation ... shit you either have to have or that most people really really want. When all that shit becomes unaffordable based on your currency's buying power, it becomes the crack of society. Gotta have it.
    Hard metals have been the bartering king since before the Roman Empire.
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  • Pitchfork51Pitchfork51 Member Posts: 27,066
    edited February 2021
    greenblood said:

    creepycoug said:

    Blu82 said:

    creepycoug said:

    greenblood said:

    This is why I'm a fan of having a small portion of physical gold and/or silver. Gold is tough to hold physically as it costs you over $1800 right now for a single 1oz coin (I know, I'm poor). So I've been buying little chunks of silver each month. I'm buying about 10oz per month right now, just to build to about 200-300 ounces. Buying Silver and Gold won't make you rich, but it's always going to have value.

    The annoying thing right now is, everybody else is doing it, so the premium over spot is ridiculous. A year ago you could buy silver at .69 per once over spot. Now it's $5.00 per ounce over spot. So if the price is $27, you're paying $32 for the same silver. I've never seen the premium this high before. So I might actually hold off until supply can catch up.

    What I always wonder is, when the shit really and truly hits the fan, will anyone really want to barter with shiny metal? I mean, who fucking cares? If you're not making jewelry, or one or two industrial applications, it's useless. People might immediately react by running to it; but eventually realize you can't eat it, sleep under it, or use it for much.

    Hard assets will rule the day if it gets bad enough.
    Metals are the hardest of hard assets.
    We have 5,000 plus years of evidence.
    When I use the term "hard assets", I mean useful shit people need and want. Housing, land for more housing, means of transportation ... shit you either have to have or that most people really really want. When all that shit becomes unaffordable based on your currency's buying power, it becomes the crack of society. Gotta have it.
    Hard metals have been the bartering king since before the Roman Empire.
    But they only have fake value

    If it weren't metals it'd be food or women or whatever.

    We should go back to bartering for women
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  • GoduckiesGoduckies Member Posts: 6,803
    creepycoug said:

    greenblood said:

    This is why I'm a fan of having a small portion of physical gold and/or silver. Gold is tough to hold physically as it costs you over $1800 right now for a single 1oz coin (I know, I'm poor). So I've been buying little chunks of silver each month. I'm buying about 10oz per month right now, just to build to about 200-300 ounces. Buying Silver and Gold won't make you rich, but it's always going to have value.

    The annoying thing right now is, everybody else is doing it, so the premium over spot is ridiculous. A year ago you could buy silver at .69 per once over spot. Now it's $5.00 per ounce over spot. So if the price is $27, you're paying $32 for the same silver. I've never seen the premium this high before. So I might actually hold off until supply can catch up.

    What I always wonder is, when the shit really and truly hits the fan, will anyone really want to barter with shiny metal? I mean, who fucking cares? If you're not making jewelry, or one or two industrial applications, it's useless. People might immediately react by running to it; but eventually realize you can't eat it, sleep under it, or use it for much.

    Hard assets will rule the day if it gets bad enough.
    Better off with seeds
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  • 1to392831weretaken1to392831weretaken Member, Swaye's Wigwam Posts: 7,674 Swaye's Wigwam
    creepycoug said:

    Blu82 said:

    creepycoug said:

    greenblood said:

    This is why I'm a fan of having a small portion of physical gold and/or silver. Gold is tough to hold physically as it costs you over $1800 right now for a single 1oz coin (I know, I'm poor). So I've been buying little chunks of silver each month. I'm buying about 10oz per month right now, just to build to about 200-300 ounces. Buying Silver and Gold won't make you rich, but it's always going to have value.

    The annoying thing right now is, everybody else is doing it, so the premium over spot is ridiculous. A year ago you could buy silver at .69 per once over spot. Now it's $5.00 per ounce over spot. So if the price is $27, you're paying $32 for the same silver. I've never seen the premium this high before. So I might actually hold off until supply can catch up.

    What I always wonder is, when the shit really and truly hits the fan, will anyone really want to barter with shiny metal? I mean, who fucking cares? If you're not making jewelry, or one or two industrial applications, it's useless. People might immediately react by running to it; but eventually realize you can't eat it, sleep under it, or use it for much.

    Hard assets will rule the day if it gets bad enough.
    Metals are the hardest of hard assets.
    We have 5,000 plus years of evidence.
    When I use the term "hard assets", I mean useful shit people need and want. Housing, land for more housing, means of transportation ... shit you either have to have or that most people really really want. When all that shit becomes unaffordable based on your currency's buying power, it becomes the crack of society. Gotta have it.
    This is why I'm stockpiling barrels and barrels of water-based lube.
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  • TheRoarOfTheCrowdTheRoarOfTheCrowd Member, Swaye's Wigwam Posts: 1,730 Founders Club
    Hard metals have been the bartering king since before the Roman Empire.

    @pitchfork said: But they only have fake value

    If it weren't metals it'd be food or women or whatever.

    We should go back to bartering for women

    Post of the day....

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  • TheRoarOfTheCrowdTheRoarOfTheCrowd Member, Swaye's Wigwam Posts: 1,730 Founders Club
    edited February 2021
    Not only have the central banks around the world gone crazy with buying corporate bonds to provide big board listed company liquidity regardless of credit worthiness ~ but now they are intervening in lightning bolt down move equity market downturns in order to squeeze short sellers... the very bizarre new normal.

    They have now taken the position that the central bank owes it to society to protect the value of the financial markets in order to maintain marketplace solvency, and more specifically to protect the cash flow value of tax receivables in order to continue to fund government obligations. An example: Japan now owns the largest market value of stocks in the Japanese economy [owns more than 50% of ETF's). Interesting experiment to say the least.
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  • creepycougcreepycoug Member Posts: 23,617
    1to392831weretaken said:

    creepycoug said:

    Blu82 said:

    creepycoug said:

    greenblood said:

    This is why I'm a fan of having a small portion of physical gold and/or silver. Gold is tough to hold physically as it costs you over $1800 right now for a single 1oz coin (I know, I'm poor). So I've been buying little chunks of silver each month. I'm buying about 10oz per month right now, just to build to about 200-300 ounces. Buying Silver and Gold won't make you rich, but it's always going to have value.

    The annoying thing right now is, everybody else is doing it, so the premium over spot is ridiculous. A year ago you could buy silver at .69 per once over spot. Now it's $5.00 per ounce over spot. So if the price is $27, you're paying $32 for the same silver. I've never seen the premium this high before. So I might actually hold off until supply can catch up.

    What I always wonder is, when the shit really and truly hits the fan, will anyone really want to barter with shiny metal? I mean, who fucking cares? If you're not making jewelry, or one or two industrial applications, it's useless. People might immediately react by running to it; but eventually realize you can't eat it, sleep under it, or use it for much.

    Hard assets will rule the day if it gets bad enough.
    Metals are the hardest of hard assets.
    We have 5,000 plus years of evidence.
    When I use the term "hard assets", I mean useful shit people need and want. Housing, land for more housing, means of transportation ... shit you either have to have or that most people really really want. When all that shit becomes unaffordable based on your currency's buying power, it becomes the crack of society. Gotta have it.
    This is why I'm stockpiling barrels and barrels of water-based lube.
    Bullets and Beans. This thread is worthless without my beautiful red friend and our favorite bug killer, @Swaye .

    Who, more than he, knows more about the downsides of bartering. You can't speak to this topic until you've ceded 100,000 acres of timberland for a box of beads and some white man's devil water. @Swaye #Tugpost
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  • creepycougcreepycoug Member Posts: 23,617
    DawgsCanDance said:

    Not only have the central banks around the world gone crazy with buying corporate bonds to provide big board listed company liquidity regardless of credit worthiness ~ but now they are intervening in lightning bolt down move equity market downturns in order to squeeze short sellers... the very bizarre new normal.

    They have now taken the position that the central bank owes it to society to protect the value of the financial markets in order to maintain marketplace solvency, and more specifically to protect the cash flow value of tax receivables in order to continue to fund government obligations. An example: Japan now owns the largest market value of stocks in the Japanese economy [owns more than 50% of ETF's). Interesting experiment to say the least.

    Can you connect the dots for me on the highlighted part? Just amplify a little. I'm not at your level on this stuff.
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  • BleachedAnusDawgBleachedAnusDawg Member Posts: 11,922
    creepycoug said:

    1to392831weretaken said:

    creepycoug said:

    Blu82 said:

    creepycoug said:

    greenblood said:

    This is why I'm a fan of having a small portion of physical gold and/or silver. Gold is tough to hold physically as it costs you over $1800 right now for a single 1oz coin (I know, I'm poor). So I've been buying little chunks of silver each month. I'm buying about 10oz per month right now, just to build to about 200-300 ounces. Buying Silver and Gold won't make you rich, but it's always going to have value.

    The annoying thing right now is, everybody else is doing it, so the premium over spot is ridiculous. A year ago you could buy silver at .69 per once over spot. Now it's $5.00 per ounce over spot. So if the price is $27, you're paying $32 for the same silver. I've never seen the premium this high before. So I might actually hold off until supply can catch up.

    What I always wonder is, when the shit really and truly hits the fan, will anyone really want to barter with shiny metal? I mean, who fucking cares? If you're not making jewelry, or one or two industrial applications, it's useless. People might immediately react by running to it; but eventually realize you can't eat it, sleep under it, or use it for much.

    Hard assets will rule the day if it gets bad enough.
    Metals are the hardest of hard assets.
    We have 5,000 plus years of evidence.
    When I use the term "hard assets", I mean useful shit people need and want. Housing, land for more housing, means of transportation ... shit you either have to have or that most people really really want. When all that shit becomes unaffordable based on your currency's buying power, it becomes the crack of society. Gotta have it.
    This is why I'm stockpiling barrels and barrels of water-based lube.
    Bullets and Beans. This thread is worthless without my beautiful red friend and our favorite bug killer, @Swaye .

    Who, more than he, knows more about the downsides of bartering. You can't speak to this topic until you've ceded 100,000 acres of timberland for a box of beads and some white man's devil water. @Swaye #Tugpost
    Bullets, beans, and blankets.
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