Gold Is About To Take Center Stage

Discussion in 'General Discussion' started by fl4848, May 8, 2022.


  1. Andy the Aussie

    Andy the Aussie Monkey+++ Founding Member

    …… it should not have but it did, there was NEVER a shortage or supply issue (the majority is made here not imported) but supermarkets could not get it onto the shelves to keep up with the rage it was selling (high physical volume low numerical volume in the transport). As best I can tell the silliness started with the expat Chinese/Hong Kong community when family back home highlighted the real supply shortages that were evolving there (as local production was being effected) and they just assumed the same would happen here. One person sees another with a trolly and 500rolls and they then assume a crisis is looming and the dominos start to fall. There are just the two of us at home and we never had a supply issue but there was certainly some craziness around it ! We ended up helping an elderly couple out down the street as they never seemed to be able to get there when it was in stock. I just told them to leave it with me. Soon the shop caught on and had earlier opening hours etc for older folks only so they didn’t need to get in the mix of it too much.
     
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  2. oil pan 4

    oil pan 4 Monkey+++

    I tried to sell cases of TP on Facebook yard sale at mild gouge prices. People didn't need it that bad. We have it on reoccurring delivery from Sam's Club for a few years and I had several unopened cases shoved under the staircase.
     
    Gator 45/70 likes this.
  3. Wildbilly

    Wildbilly Monkey+++

    That is why I like the pre-1965, 90% silver US coinage (aka junk silver). Too much trouble to fake and everyone knows what it is.
     
    magicfingers likes this.
  4. enloopious

    enloopious Rocket Surgeon

    "Q: Why will BITCOIN win? A: BITCOIN will win because America is led by the 3 STOOGES. Stooge #1 President Biden. Stooge #2 Secretary of Treasury Yellen. Stooge #3 Fed Chairman Powell. I trust BITCOIN not the 3 Stooges."

    -Robert Kyosaki
     
  5. Gator 45/70

    Gator 45/70 Monkey+++

    LOL,That's funny stuff man, You in the black-market TP business
     
    enloopious and CraftyMofo like this.
  6. Wildbilly

    Wildbilly Monkey+++

    You are slandering the good name of Stooge!!
     
  7. enloopious

    enloopious Rocket Surgeon

    Here's Warren Buffett 'accidentally' investing in Bitcoin now that prices are down.

    Warren Buffett to Indirectly Benefit from Bitcoin as Nubank Allocates 1% of Its Equity to BTC - Times Tabloid

    Looks like we were right. All of the big players are trying to send the price of bitcoin down so they can buy it. Last night at 3am BTC hit $25k price and then Warren Buffett went and bought some. Accident? I think we all know that it is not. This is the last chance to get in on BTC at a good price.

    Record Mining Difficulty Shows Industry Growth Despite Bitcoin Bear Market

    Bitcoin Utility Grows During The Bear Market
     
    Last edited: May 13, 2022
  8. Cruisin Sloth

    Cruisin Sloth Special & Slow

     
  9. Cruisin Sloth

    Cruisin Sloth Special & Slow

  10. VisuTrac

    VisuTrac Ваша мать носит военные ботинки Site Supporter+++

    I'm not going to watch 80 minutes. Especially without posters comments and just a drive by link drop.
    The reason gold is running back to the US is ... Money.
    More specifically, Arbitrage.
    Gold is selling at a 20-25 dollar discount at the LBMA because folks don't think they can get delivery from the LBMA, but if they can take delivery, they then fly it back to the US and sell at spot.
    It's free money.
    Buy 4 tons of gold in London, ship it to New York, sell it the same day
    Shazam, 2.5 million dollars minus the cost of the flight over .. say it cost 500k for the flight. You are still making 2 million dollars.
    I'd do it to. It's basically like buying something at a rummage sale and then putting it up on Ebay for like 10x what you paid for it.

    They could also be doing it to cover naked shorts but I think it's for the arbitrage opportunity.
     
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  11. Cruisin Sloth

    Cruisin Sloth Special & Slow

    OK then , this one is the only video that makes sense to myself .
    Been stacking since 1958 to date.
    Sloth
     
  12. VisuTrac

    VisuTrac Ваша мать носит военные ботинки Site Supporter+++

    Sloth, could you give me the cliff notes version of this rumble post.
    80 minutes is a really long time to listen to someone go off on tangents and then come back to the issue at hand.
    What is your take on the video.
     
  13. Cruisin Sloth

    Cruisin Sloth Special & Slow

    War in Europe , My take , as with the rude little gay dancer .
    As well as mine here in
    Canada in probate is giving our $$$ to him as well .
     
    VisuTrac likes this.
  14. Cruisin Sloth

    Cruisin Sloth Special & Slow

  15. VisuTrac

    VisuTrac Ваша мать носит военные ботинки Site Supporter+++

    I'd probably go with peeps importing it now just in case Trump puts a tariff on gold imports being the reason before I'd believe that it's the fear of war in Europe. Switzerland is pretty much a safe harbor for everyone, including despots from across the globe.

    I'm going with the videos are just for the views with little real substance in this matter.
     
  16. Cruisin Sloth

    Cruisin Sloth Special & Slow

    Time will tell .
     
    VisuTrac likes this.
  17. Cruisin Sloth

    Cruisin Sloth Special & Slow

    As for ^^^^^^^^^^^^^^^
    Start at 430
     
  18. VisuTrac

    VisuTrac Ваша мать носит военные ботинки Site Supporter+++

    Ah, you do know that ITM basically has been shilling their precious metals services for years right?
    They pander to those that feel their content resonates with.
    So, if it resonates with you .. then they are your targeted audience.
    Remember, typically the simplest answer is statistically more likely to be true.
    If one looks for nefarious answers .. there is someone out there that will provide you evidence to support your case.
    I'm going to stick with the arbitrage easy money answer as making 600k per ton and all you have to do is move it from one place to another is a no brainer.

    Good/Commodities always flow where they pay the most. Be it beef, lumber, gold, soybeans, corn, LNG, gasoline or the like.

    Research Trading Arbitrage to find out more how corporations and countries and even individuals take advantage of the disparity in pricing.
     
    Last edited: Mar 4, 2025
    Cruisin Sloth likes this.
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