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....
I mean, in some ways, he's right. There is nothing inherently valuable about gold. I'm more sympathetic to the comment that silver is important in tech applications, so that's real. But other than jewelry and staring at shiny things, the utility of gold will be made manifest to all of us when enough people realize it's not a helpful possession. Maybe like bitcoin. We are in all instances relying on the collective psychology. Also true for useful things, but the collective psychology of the importance of food and shelter and means of transportation is, I would guess, always going to be more stable than that of precious metals.
My unsophisticated theory is that there will be a flight to metals (I guess there already is), but if things get bad enough, I could see it sliding.
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.
Butt seriously, bullets, food and medical supplies will be the most valuable commodity in the post SMOD economy. I'm stockpiling while idiots buy bitcoin. An encrypted nerd math formula is really going to be worth a bunch when the world ends. Morons.
Butt seriously, bullets, food and medical supplies will be the most valuable commodity in the post SMOD economy. I'm stockpiling while idiots buy bitcoin. An encrypted nerd math formula is really going to be worth a bunch when the world ends. Morons.
Yup. Watch post-apocalyptic themed television/movie and you see that’s what people fight/trade for - I’d add cigarettes, drugs, and booze to this list too.
Metals and real estate are historically good investments. I’d also add works of art or anything really collectible (think less Antiques Roadshow/comic book convention and more Christie’s auction). The powerful LOVE rare shit.
Butt seriously, bullets, food and medical supplies will be the most valuable commodity in the post SMOD economy. I'm stockpiling while idiots buy bitcoin. An encrypted nerd math formula is really going to be worth a bunch when the world ends. Morons.
Yup. Watch post-apocalyptic themed television/movie and you see that’s what people fight/trade for - I’d add cigarettes, drugs, and booze to this list too.
Metals and real estate are historically good investments. I’d also add works of art or anything really collectible (think less Antiques Roadshow/comic book convention and more Christie’s auction). The powerful LOVE rare shit.
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.
I’ll get back to you about this but the simple answer is that I have looked at the trajectory and shape of the motion waves for all of the downturns for the 50 years and I have concluded that following 2008 we are now witnessing the unseen hand of intervention at key points of series market downturns
I mean besides direct fed policy announcements and actions
Along with the so called easing and bond buying we have seen direct buying by the Japanese central bank / treasury; suspect that is also true in China and I believe has happened in our market as well
simply put; the motion signature is new and unique and suggests an outside of normal trading presence
Comments
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....
I mean, in some ways, he's right. There is nothing inherently valuable about gold. I'm more sympathetic to the comment that silver is important in tech applications, so that's real. But other than jewelry and staring at shiny things, the utility of gold will be made manifest to all of us when enough people realize it's not a helpful possession. Maybe like bitcoin. We are in all instances relying on the collective psychology. Also true for useful things, but the collective psychology of the importance of food and shelter and means of transportation is, I would guess, always going to be more stable than that of precious metals.
My unsophisticated theory is that there will be a flight to metals (I guess there already is), but if things get bad enough, I could see it sliding.
Metals and real estate are historically good investments. I’d also add works of art or anything really collectible (think less Antiques Roadshow/comic book convention and more Christie’s auction). The powerful LOVE rare shit.
I mean besides direct fed policy announcements and actions
Along with the so called easing and bond buying we have seen direct buying by the Japanese central bank / treasury; suspect that is also true in China and I believe has happened in our market as well
simply put; the motion signature is new and unique and suggests an outside of normal trading presence
Mark this on your map
I appreciate that downvote in a sea of basement dwelling upvotes