1. Sorry, we're currently trying to recover from a system failure.
    Hopefully this is resolved soon -melbo

Future economy!

Discussion in 'Financial Cents' started by oldbee1966, Jan 1, 2019.

  1. oldbee1966

    oldbee1966 Monkey+

    This lady has lined up the ducks for us!

  2. DKR

    DKR Interesting ideas, interesting stories

    a long play item, but nothing surprising for folks that pay attention.

    Question really is - where are you going to hide?
    Ganado and Gator 45/70 like this.
  3. oldbee1966

    oldbee1966 Monkey+

    The question I am asking myself !
    Gator 45/70 likes this.
  4. Bandit99

    Bandit99 Monkey+++ Site Supporter+

    A lot of this is over my head, voodoo or black magic... I understand basic economics but when you get to this level my head starts to spin. Now, I understood a good portion of what she was talking about and some things like 'risk transfer' and 'an economy resets against gold' and if gold was worthless 'why are banks buying it' but...it's mind boggling. And, yes, "Where are you going to hide?" I don't think you can.

    I have been trying to purchase a good chunk of gold (coins) for a while now, been watching it like a hawk, and my intent was to purchase as soon as it went below $1200 but...no dice and it has started to climb, slowly, but it's climbing and is currently at $1280. If we see a spike then we know for sure she was/is right...I think it is that simple. But, even so, "where do we hide" or what do we do? Nothing, we can do nothing...hard currency (precious metals) would be the only way to save your life savings, having one's home paid for would be a serious help but that doesn't pay the taxes on it.

    Perhaps it is time to purchase gold now...it's either that or hope for the best and that's she's wrong.

    EDIT: One last thing, ITM Trading: "We are a 22 year old, full service precious metals firm specializing in gold and silver products ranging from bullion to rare gold coins." So, they are pushing precious metals (PM). I am not saying that she made all this up because I personally believe that many of the things she said are spot on (and why I got out of the market and why I want to purchase gold) but they do sell PMs...
    Cruisin Sloth, Ganado and Gator 45/70 like this.
  5. Ganado

    Ganado Monkey+++

    I've listened to her before and I think she uses alot of jargon to seem like she knows what she is talking about. Im not a fan of her BS. Having said that, even the best economist don't know what they are doing. Economics is a 'best guess' theory of how to manage the economy. Nothing is for sure.

    A better question is why gold? why not any hard asset. land, oil, silver et al
  6. Cruisin Sloth

    Cruisin Sloth Special & Slow

    If Russia , China & Germany asked for there gold BACK from USA , there must be something about it !!
    Also when your greenback paper will not buy what it did , and AU /AG will for the same amount , then you know you missed the "BUY"
    I started AU at 500/oz & AG at 5-8/oz so only when OR If i sell , then thats what it is/was worth ..
    Can't wipe my butt with AU/AG but buy stuff when greenback is toilet paper ..
    Food,Shelter , Fuel , Power , Heat=Wood, a way of hunting , clean water then storage of bank accounts in PM's is my thoughts .
    It's a long process of setup , Like TN andy has set .. BT also .

    Above Video is a Canuk in TO , and he harps the same, but shows info .
    Pressed for the truth , X22, Many out there
    Gregory Mannarino
    Last edited: Jan 2, 2019
    Ganado likes this.
  7. Ganado

    Ganado Monkey+++

    weird business not accepting cash. hmmm interesting.

    Something has to stay liquid and not be just computer 0101010 as in digital currency. Digital currency is even more easily manipulated unless it's asset backed.

    I did not see him suggest anything for being prepared. He just said 'be prepared'

    I still question why gold is more valuable than silver in today's economy. I see the end uses for silver but not for gold
    Motomom34 and Gator 45/70 like this.
  8. DKR

    DKR Interesting ideas, interesting stories

    Oddly, there are several stores here in Anchorage that will not accept cash or check. CC or Debit card only. They have signs in the windows and some that say "NO cash on premises" (Like meth heads read signs)

    When asked, the folks behind the counter say it is to deter robbery. I have to believe the owner doesn't trust his employees as part of it.
  9. Bandit99

    Bandit99 Monkey+++ Site Supporter+

    @Ganado "even the best economist don't know what they are doing. Economics is a 'best guess' theory of how to manage the economy. Nothing is for sure."
    YES! Long ago, I had a colleague, an economics graduate of Amherst, tell me the exact same thing, "It's all Black Magic. It's literary a 'best guess' due to the massive amount of data and variables involved no one can, with certainty, truly predict the economy or exactly what it is doing or why." You didn't go to Amherst, did you? LOL!

    "A better question is why gold? Why not any hard asset. land, oil, silver et al"
    Yeah, I caught that also which made me look up who she was. Let's face it, any hard asset would hold its value in an economic crash, some would be better than others, to include gold, but gold is certainly not the only one. For me, gold would be the best mainly because of storage costs if I got the same amount of silver, since I don't want to hide it in my mattress or in a hole in the ground. Land would certainly be a good choice, especially if it had something to add extra value to it like timber or an exceptional location but I don't know the ends-and-outs of land and I got burned once on land. Land purchase is not as bad as the market, which continues to amaze me the thousands of rules and regulations it has to protect itself yet screw the Common Stock holder, but lots of pitfalls.

    "I see the end uses for silver but not for gold."
    Just my opinion, but as far as I know, gold has as many 'end uses' as silver and I believe you could use it in any silver application with superior results but the problem would be cost. In my field, electronics, it is the best conductor available and is used when the highest reliability and conductivity is required - like defense products or maybe space programs, etc. The medical industry uses it a lot, and, of course, jewelry, currency... Certainly, silver is used more in industry, due to cost, so in that regard there is a much, much higher demand for it. Actually, there is a much larger demand for silver in all disciplines mainly due to cost.
    Last edited: Jan 3, 2019
    Cruisin Sloth and Gator 45/70 like this.
  10. mysterymet

    mysterymet Monkey+++

    There are alloys that contain small amounts of silver as a strengthenig mehanism. They are not interchangeable with gold for that kind of stuff and when we make those alloys we use a bunch of it.
    Bandit99 and Cruisin Sloth like this.
  11. Cruisin Sloth

    Cruisin Sloth Special & Slow

    Anyone saw what happened on 2018\12\26 ??
    Here this is spoken :

    60Bn is a very low number ,
    Edit add
    Another view of AU /AG but look at the charts of cost / value .
    That should ring a bell .
  12. Cruisin Sloth

    Cruisin Sloth Special & Slow

    Catch the reports of what they did before the year end ?? More like Pensions were buying 340Bn of dead derivatives or debt!!

    More reports over time , 3 days 2day after 2018 !!
    Another POV :

  13. Wildbilly

    Wildbilly Monkey+

    That, or they don't know how to make change!
    oldawg and oldman11 like this.
  14. Cruisin Sloth

    Cruisin Sloth Special & Slow

    I have seen that at walmart , 50% off at the till , girl needed a calculator for every item , even if the item was the same .
    These were Gardening tools and stuff . 2.99 was split to 1.50 in my head , but the girl didn't know why she had 149.5 ..
    After a while she just let me do the split . two young girls 14-18 yo were also helping and checking (i sucked them into helping and keeping me honest) .

    Tax Assessment for 2019 came in , up 37 & 42 %
    Again !!
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