Exactly. And we haven't had runaway inflation since the peak in the 70's. Explain how that will actually happen.
Yes I know it's from the CFA Institute but the author has got it right: Debt and Inflation Fears: Investing’s Obsolete Dogmas? The world of the goldbug too clings to a host of irrational dogma, and two of them are dealt with in the article linked above, though the author has mainstream economists, analysts and politicians in his sights as opposed to goldbugs. and
Wtf are you doing in this forum if you dont believe in sound money? Fractional reserve, manipulated interest rates, etc... The only reason why highly indebted governments works for now is because they manipulate interest rates and keep the circle jerk going while manipulating the PMs down to shit
Who says I don't believe in sound money? Welcome any way newbie. I hope you learn something from your time here. I hope it prevents you from losing money.
SilverHaas at 24 is very young. For people in their early 20s, buy some silver (cost average out) and ignore the short term crazy paper movements. Silver is not recoverable since it's used in such minute amounts. In less than 30 years, silver will be hundreds of dollars per oz. Buy interesting bars and coins, stuff that you can admire so when the price drops, at least you can appreciate the aesthetics. Treat it as a hobby. For me, I've have a portion that is a hobby, lunars and qb that I won't sell, and generic bars for flipping if the price goes to the moon.
Just because I joined this forum on sunday doesnt mean i joined this space on sunday lol. Ive been very savvy on economics since i was 17, first with cryptos and then silver/gold
I have the exact same. 1kg stuff for flipping and im atm slowly building my 1oz stack of sexy coins which I dont plan on selling for less than 3-5 hundred USD worth each
Yes, I took water for granted until I saw coffee river water caming out of the tap on a trip. But nothing a reverse osmosis machine can't handle. Mineral water is not healthy also, the plastic can leak. https://www.ft.com/content/14143352-5316-467f-aeb8-7f5200e4ac3f
Beijing alerts Mekong River neighbors to restricted waterflow amid dam maintenance, as experts cry foul over late warning https://on.rt.com/ayty
The vast majority of pm stackers are clueless when it comes to economics, believing in outdated notions about currencies and debt or sound money and even downright fabrications eg central banks are privately owned or the world is run by a cabal of influential individuals so it's refreshing if you say you are savvy. I'll keep my opinion about how savvy I think you are privately for now until I see more evidence. Crypto go hand in hand with precious metals, so it's a natural progression to make the jump.
1. From the Austrian perspective award wages are false prices as they are not set by the market 2. From a general perspective the rate of growth in wages has failed to keep up with the market, this is because we're in what Koo refers to as a balance sheet recession where businesses and individuals are more concerned with paying down debt and the future of the economy than they are about investing for growth or consuming beyond the margin (ie more than they currently need or want at this point in time).
You don't need to watch, just put on some headphones whilst you send that little ball through the air