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03-08-2022, 07:33 AM
(This post was last modified: 10-26-2024, 03:43 AM by Wing-ed.)
Gold On Its Way To $3,000 An Ounce Gold going up GETTY
It is a sign of how broken markets are that it takes a 7%-plus U.S. inflation print and the Ukraine crisis to kick gold into life. Some people try to explain the sluggish trading of gold as a function of the younger generations having no interest in gold as a precious metal. Apparently, the joke goes that gold is “Boomer Bitcoin.”
The gold hypers counter with the idea of “slowly at first, then all at once” as encouragement to FOMO now before gold becomes another missed boat.
If the gold boat sails it is going to go a long way because the fundamentals are that inflation—now everyone has to admit it is here—is not going away for a long time. If the crisis in Ukraine does escalate, then gold will go vertical. That vertical will have many factors behind it, but the biggest will be the kick to the global economy which, while not down and out, is far from recovery. The dislocation from a major European crisis would create yet more supply side disruption to cause inflation with another dose of fiscal incontinence to drive a double dose of inflation on top of what is already baked in.
When you look back over the history of inflation in the last hundred years or two, the root cause is very often war. When countries break the bank in the cause of slaughter, the result is currency debasement. Even the once mighty British had to halve the silver content of the coins after the First World War and it is no surprise that the silver went missing altogether in 1947 when a bankrupt state had to get printing money to bootstrap itself out of post-war insolvency. https://www.forbes.com/sites/investor/20...01796483f1
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03-08-2022, 07:35 AM
Russia returns to Gold standard!!
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03-08-2022, 07:45 AM
China to Widen Test of Digital Yuan as Russia Invasion Spotlights Crypto’s Potential Role; Cryptos Decline
The country is close to approving trials of the central bank digital currency in a number of cities and regions; bitcoin and ether drop as risk-on appetite fades.
By Amitoj Singh, Damanick Dantes, James Rubin video https://www.coindesk.com/markets/2022/03...s-decline/
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03-08-2022, 07:56 AM
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03-08-2022, 11:44 AM
Silver have a big day !
+1.07
+4.17%
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03-08-2022, 04:42 PM
nanocap miners
“Judge, if you saw what I saw, you would know why I can’t release them” - President Donald J. Trump to Andrew Napolitano, about the J.F.K. Files.
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03-08-2022, 06:40 PM
(03-08-2022, 04:42 PM)Treebeard Wrote: nanocap miners What? Could you elaborate?
Hi Treebeard
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03-08-2022, 07:02 PM
(03-08-2022, 06:40 PM)Lily Wrote: (03-08-2022, 04:42 PM)Treebeard Wrote: nanocap miners What? Could you elaborate?
Hi Treebeard
Really small like under 50, under 100 million dollar market cap miners with valuable sites that need capital influx, or are beginning to produce, or have excellent drill bore results, especially in certain metals that are cornered by Russia, and China, such as palladium, nickel, rhodium. Rare Earth metals, Canada, Latin America, US, parts of Africa. Even Greenland, although that is a difficult spot. But, you have to be wary of those with lots of debt and unscrupulous management. For example you could look at something like Canadian Palladium Resources. DCNNF is the American A.D.R. for their stock.
“Judge, if you saw what I saw, you would know why I can’t release them” - President Donald J. Trump to Andrew Napolitano, about the J.F.K. Files.
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03-08-2022, 07:53 PM
(03-08-2022, 07:33 AM)Wing-ed Wrote: Gold On Its Way To $3,000 An Ounce Gold going up GETTY
It is a sign of how broken markets are that it takes a 7%-plus U.S. inflation print and the Ukraine crisis to kick gold into life. Some people try to explain the sluggish trading of gold as a function of the younger generations having no interest in gold as a precious metal. Apparently, the joke goes that gold is “Boomer Bitcoin.”
The gold hypers counter with the idea of “slowly at first, then all at once” as encouragement to FOMO now before gold becomes another missed boat.
If the gold boat sails it is going to go a long way because the fundamentals are that inflation—now everyone has to admit it is here—is not going away for a long time. If the crisis in Ukraine does escalate, then gold will go vertical. That vertical will have many factors behind it, but the biggest will be the kick to the global economy which, while not down and out, is far from recovery. The dislocation from a major European crisis would create yet more supply side disruption to cause inflation with another dose of fiscal incontinence to drive a double dose of inflation on top of what is already baked in.
When you look back over the history of inflation in the last hundred years or two, the root cause is very often war. When countries break the bank in the cause of slaughter, the result is currency debasement. Even the once mighty British had to halve the silver content of the coins after the First World War and it is no surprise that the silver went missing altogether in 1947 when a bankrupt state had to get printing money to bootstrap itself out of post-war insolvency. https://www.forbes.com/sites/investor/20...01796483f1 Bring it. I bought gold a 200 an ounce in 1998. A ton of it. Bring it! Yeee haww,
Doin' what I can with what I got
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03-08-2022, 09:10 PM
I just saw the craziest fight. A few basketball enthusiasts who were watching a game attacked students of the other school in the stands because their team was getting trounced. The game has been stopped for 20 minutes. Cops everywhere
Yes...it's exactly what you think.
Wagner at Bryant. I'll find video later.
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