Uh...no it didn't. It initially spiked and then tanked pretty hard within a few hours after the result came in. It was 2 years AFTER he took over in late 2018 that it started rallying.
What campaign trump SAID was bad for gold and everyone sold off since he wanted the dollar strong and to pay off all debt. Once everyone realized trump is just a white Obama 2.0 and he was totally full of crap, it started rising again. Trump is great for gold. Everything the fed bois do is great.
I haven't really followed closely on what Trump said about austerity, but you need balance in life. Extremism is never a good thing. It's like Al Qaeda, ISIS, no difference to me. Renewables, NG and oil are all needed. The latter in case the windmills and teslas are all wiped out in an EMP incident. At the least, ICE cars can still work.
So that would make Biden the white Obama 3.0 then? Everything is relative I guess and if the market has priced in 3.0 won't it be disappointed to see us get stuck on 2.0?
Probably the reason why the market has fallen because a blue wave is already out of the question. Now, it's even match between 2.0 and 3.0 but the looting in Philadelphia has tilted the odds to 2.0. If the looting spreads to other cities, it's game over for 3.0. They're suppose to create chaos after the elections if 2.0 is winning, and not before election day.
I don't know about Australia, but the last couple of days has been an eye opener to me. The censorship in the US in the last couple of months is greater than Singapore. Bear in mind, we are basically a single party political system, and all newspapers are owned or partially owned by the government. But even that, there is an effort to actually have a balanced view even if biased to one side. There's a paradigm shift, maybe this is the paradigm shift that dalio is talking about?
NO ? Did you hear about the meeting in the Kremlin in 99 Present were George W. Bush snr 12 Russian families Cousin Vlad And all of the Russian resources were divided amongst these families Lots of promises were made by Bush to play the same game . But Bush snr ,did what the Americans usually do Speak with fork tongue & cousin Vlad had a major dummby spit So who made it all happen ? No puppet masters
How do you know that? There are no puppet masters. If you’re making financial decisions based upon the fantasy that puppet masters exists then you’re making the wrong financial decisions.
Or are you referring to politicians when you say puppet masters? It’s the pollies that call the shots.
It’s a shame that the likes of @hardyakkagold and @JohnnyBravo300 have put me on their ignore list because they promote complete bullshit. And all I’m left with is debating with someone like you @spannermonkey who I actually respect.
My business partner has rather good connections in Moscow , When he makes 1 phonecall to find out if we can buy bullion in Russia . Instant reply of ,$5M US minimum spend
https://www.cnbc.com/2020/10/29/us-gdp-report-third-quarter-2020.html This is to be expected. The virus only defers consumption. So the bailout of corporations was correct.
Hugely interesting read (more in the article). https://www.ft.com/content/7947ea4c-a21a-45bb-973c-8df54566746a Global gosbankification risk is now at orange Beware of Chinese central bankers bearing frictionless and cheap CBDC payment gifts. “If it’s free, you’re the product” has become the adage of our digital times. There is, as we are learning, always some iota of risk in giving something of yourself away for free. In the best-case scenario, your data will be harvested in line with your personal sharing preferences and used to advertise products and content to you that you actually want and benefit from. That’s positive sum progress. In the worst-case scenario your personal data will be harvested without permission and potentially used against you, whether that’s for the purposes of sending you political propaganda when you are most susceptible, inferior products you don’t really want to use or for the purposes of getting you to behave in ways that benefit others. That’s not progress, it’s a form of indentured servitude. -- But the bigger issue about who controls the related data and what they do with it must not be lost sight of. The existential risks to liberty are real and very concerning. We turn in that regard to the recent policy brief put out by the Australian Strategic Policy Institute’s International Cyber Policy Centre. Here’s the thrust of the issue in their eyes (our emphasis): "What’s the problem? China’s central bank digital currency, known as ‘DC/EP’ (Digital Currency / Electronic Payment), is rapidly progressing and, if successful, would have major international implications that have not yet been widely considered by policymakers. DC/EP would have ramifications for governments, investors, and companies, including China’s own tech champions. It has the potential to create the world’s largest centralised repository of financial transactions data and, while it may address some financial governance challenges, such as money laundering, it would also create unprecedented opportunities for surveillance. The initial impact of a successful DC/EP project will be primarily domestic, but little thought has been given to the longer term and global implications. DC/EP could be exported overseas via the digital wallets of Chinese tourists, students and businesspeople. Over time, it is not far-fetched to speculate that the Chinese party-state will incentivise or even mandate that foreigners also use DC/EP for certain categories of cross-border RMB transactions as a condition of accessing the Chinese marketplace. DC/EP intersects with China’s ambitions to shape global technological and financial standards, for example, through the promotion of RMB internationalisation and fintech standards-setting along sites of the Belt and Road Initiative (BRI). In the long term, therefore, a successful DC/EP could greatly expand the party-state’s ability to monitor and shape economic behaviour well beyond the borders of the People’s Republic of China (PRC)."
@madaw1 what @spannermonkey said doesn't prove there are any puppet masters. It's the pollies that are in control. That doesn't mean that they are free of any influence from special interest groups, it just means that there is no powerful group of individuals collaborating together to manage the affairs of the world. Some people just have to be believe in wild fantasies like God or Santa Claus in order to be comforted.