madaw1
Well-Known Member
We can't discontinue this-they've got so much money,they can buy anything ,anytime. Saudi Aramco oil company listed a few weeks ago is worth more than 1.8 trillion USA-there are some others.
So we never,never know...
Buy more gold?
- Thread starter aelmsu
- Start date
So we never,never know...
This IPO is a sign of Saudi troubles. The coffers are running dry due to their escapades in Yemen and global sponsorship of terror. They need this IPO to refuel and rearm. If it falters MBS's head will roll.
madaw1
Well-Known Member
They can always increase price oil...
TreasureHunter
Well-Known Member
Cash is almost certain loss. Decay is guaranteed through inflation.
If the population in Africa continues to rise while the rest of the world ages, Africa will lead the world 100 years from now. People skills can be improved by better nutrition and better education, over the span of 1-2 generations, even cultures can be changed for the better, but there needs to be people at the end of the day. If the entire country is filled by old folks in their 60s, 70s and 80s, that will be the end of the economy and also the country very soon because the vicious cycle will set in.
Less working adults -> Greater tax burden -> Less money for kids.
Tax burden can be through direct taxation or indirect (higher cost of property and education).
For Asian cultures -> Less siblings to share the burden of taking after parents.
For single child, this means taking care of 2 x Parents. This is why a lot of single child are not married, another vicious cycle. Those who are married, usually only have a single kid because they are single child themselves.
Some Asian parents demand substantial financial support from their kids, which ends up delaying their marriage, women who get married in their late 30s and 40s are unlikely to have kids themselves. Most remain single. Those who have kids will not be able to have more than 1-2 kids because the grandparents are already too old to take care of them.
At the same time, people are living longer and longer. In the end, there will be strange 3 generation families comprising of 2 sets of grandparents in their 90s, grandparents in their 70s and a single kid in his or her 50s still working.
I can go on and on....one thing leads to another, non-stop vicious cycle which there are no easy solutions.
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Thats hilarious. Africa will never lead the world in anything.
Someone else might exploit their resources but it wont be them.
Evolution hasn't been fair to them I guess you could say.
Even the ones that were brought to America hundreds of years ago show little progress.
Someone else might exploit their resources but it wont be them.
Evolution hasn't been fair to them I guess you could say.
Even the ones that were brought to America hundreds of years ago show little progress.
TreasureHunter
Well-Known Member
And behold: gold started rising again. Just before the holidays, unlike in many previous years.
More expensive gold, more expensive silver.
More expensive gold, more expensive silver.
I think there was a consensus that we should buy gold and silver before the end of this year, but somehow the discussion became more and more pessimistic. This is why formulating a strategy and a plan is important and the need to follow through regardless of what happens to the spot price.
I've already decided to buy a certain amount of investment gold which I did early this month, and to cost average silver along the way. At the same time, I didn't buy as much as I wanted in case there's a deflationary event, however unlikely, that would slam down gold and silver.
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TreasureHunter
Well-Known Member
One could regard PM's as:
1) safe haven against economic crises/currency hyperinflation
2) safe haven against gradual inflation ("natural inflation" that occurs in a "healthy" economy)
3) as a pension fund (few people ever state this)
4) as a refuge in case you forgot to sign a prenup with your wife!!!
5) investments for the sake of gaining (yes, you can make money if you sell when price spikes!)
6) collectibles: coins to collect etc. (for fun/hobby)
7) as a means to diversify savings/asset portfolio
8) as a way to save money/funds (for vacation, etc) + you don't pay banking fees!
9) as a way to save funds instead of keeping it and banks and pay negative interest rates
There are countless reasons to stack. Some stackers already have OCD-stacking disorder. But for some wicked reason, it will pay off in the end!
Not to mention it has risen 400 percent since it was money and will continue as our economies are destroyed without fail.
The stock market gains over the same time period dont even come close. It's a sure thing.
The stock market gains over the same time period dont even come close. It's a sure thing.
TreasureHunter
Well-Known Member
I am not sure that if a "total economic collapse" occurs in Europe-North America-Australia, that it will be a super-hyperinflationary one.
Perhaps the USD/EUR won't get devalued by 100,000,000 %, perhaps not even 10,000 %.
Who can calculate?
I don't think hyperinflation will follow "rigid rules". What I mean is that currency's devaluation won't happen according to a strict formula.
Nor will the GSR return to "where it should be", just because it's rational and that should happen according to "the formula".
Remember: the markets and people are irrational. The rational element is less than the irrational one.
I can imagine a massive inflation, potentially 500 % or 1,000 %, 10,000 %, 100,000 %. We don't have to become Zimbabwe or Venezuela. A tenth of what they have could slam us like an economic apocalypse.
It's easier to become Romania, Bulgaria or Ukraine post-communism.
Also because the western world does indeed have strong industry, apart from Eastern Europe's "potato republics" who had almost nothing competitive after the fall of communism.
Inflation could be controlled, more or less. In Romania it was a bit "slow-motion" for like 15-20 years. Almost like compound interest
In Bulgaria there was a sudden spike of 1,000+ % in 1997.
Let's imagine a "softer collapse" with the following prices:
bread: 50 $, can of beer: 100 $, pizza at restaurant: 800 $, gasoline (1 L): 120 $
The good news is that during these times hookers tend to cost less (about as much as a pizza) and gold's price tends to climb very very very high
You can buy an apartment with an ounce of gold, pay a hooker with the price of a pizza and have the luxury of enjoying an expensive beer once every 6 months.
Trump has already sealed a deal with Xi, so the worst, by that I don't mean the actual state of the economy or stock market, but the political gridlock, might be over for America and China.
Next year, all eyes will be on Deutsche bank, Germany and Brexit.
After HK, Xi realises that having Trump as president is better than a Democrat. Social stability comes first for China, economy second.
The dollar won't be dropping much in 2020, maybe sideways or even go up slightly if there's a problem with the european banking system.
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Ok, so in the end, gold didn't drop back anywhere near to $1400. The lowest (day close) was $1452 on the 12th Nov and $1453 on the 28th, 29th Nov.
I've never seen so many different sources talking about buying gold in the last 1 week or so! We're either close to the bottom or close to a finale dip.
Just order another batch of investment gold. Don't think I can get back at the $1425 price I got in the last buy. But it's only less than 3% difference, if you think about it!
But who knows? If it dips, just buy some more!
sgbuyer, Dec 2, 2019
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TreasureHunter
Well-Known Member
So, it looks like the bottom was either in or, we'll witness a small dip before New Year. Then it will push the pedal to the bottom!
It'll be all the way up to 1,600 $. My feeling is that it will be reached already in January-February.
And if Brexit-Trade War-Trump-Deutsche Bank play the game further, we'll see even higher prices.
Stack before new year if you can. If your local dealers will still sell gold.
And if that happens the share markets around the world will tank and everyone poo poo's themselves and climb back into gold again which is great for us gold stackers.
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Hes nowhere close to a trade deal. Hes just using his classic "say one thing do another" strategy.
He has been saying hes very very close for the last three years but just for the sake of pumping the fake markets.
No selling yet, fractional sizes and silver too.
He has been saying hes very very close for the last three years but just for the sake of pumping the fake markets.
No selling yet, fractional sizes and silver too.
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Told you-se to buy more GOLD..! BUY NOW!