Best time to sell Q1 2021

Discussion in 'General Precious Metals Discussion' started by sammysilver, Jan 5, 2021.

  1. JohnnyBravo300

    JohnnyBravo300 Well-Known Member

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    No its inflation and deflation both here, hasnt led to hyperinflation. Most of the debt created is locked up in assets or has gone to the rich, who are buying assets.
     
  2. mmm....shiney!

    mmm....shiney! Well-Known Member Silver Stacker

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    Exactly.
     
  3. JohnnyBravo300

    JohnnyBravo300 Well-Known Member

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    Yep I agree. That was easy!
     
  4. 66rounds

    66rounds Well-Known Member Silver Stacker

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    So asset inflation is okay as long as the poor still get fed?
     
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  5. sgbuyer

    sgbuyer Well-Known Member Silver Stacker

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    Maybe Australia and America is different but there’s no asset deflation here, everything has gone up in price including properties and cars in just the last 6 months. It is now boom town.

    Australia is lucky because the rhetorics from China is only temporarily suppressing the pending property boom.

    Asset inflation eventually leads to consumer price inflation because the local economy will slowly change to cater only to the rich with premium equivalent of all daily products. You can pay 80c for a coffee, or $8 depending on where you live and sometimes it’s only 1km apart.
     
    Last edited: Jan 16, 2021
  6. JohnnyBravo300

    JohnnyBravo300 Well-Known Member

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    Picking graphs from 74 or 85 to compare anything is lame, especially using government numbers.
    For 200 years before that under gold we had no inflation except at times of government fiat type intervention or during times when supply and demand was evening out.
    The free markets always even themselves out if left alone and true value finds its place in the markets.
    That's all I'm pointing out. Your graphs only show the failures of fiat keynsianism in my opinion and theres really nothing to debate except which fiat system is worse.
     
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  7. mmm....shiney!

    mmm....shiney! Well-Known Member Silver Stacker

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    I wouldn’t say that that is my position.
     
  8. JohnnyBravo300

    JohnnyBravo300 Well-Known Member

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    Just the fact that a silver dollar now costs 25 or 30 fiat dollars (for culls) should show you right there, and still greatly undervalued imo. I dont how else to explain it haha.
    For 200 years before your graphs start a buck was a buck was a buck.
     
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  9. 66rounds

    66rounds Well-Known Member Silver Stacker

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    Not trying to put words in your mouth, just trying to understand what our points of view are.
    I believe the sovereign (alone) has the right to legislate what is currency. That's not where we are today. I believe the sovereign should be responsible enough to not issue currency ad infinitum, which is what MMT proposes and is what we see happening now. Currency circulation should be driven solely by market forces. Currency shortages can be prevented by having multiple forms of a circulating currency (whether bi/tri/metallic or something else.
     
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  10. JohnnyBravo300

    JohnnyBravo300 Well-Known Member

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    Metal currencies dont have any drawbacks worth mention. Digital and metals can go hand in hand as long as things are honest and accounting is honest. It's really not hard to have honest money.
    It's better for business, it's better for the consumers and it's better for the worker in every way.
    We wont get that any time soon I dont think, fiat after fiat for awhile I'm guessing. Until the sheeple wake up.
     
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  11. mmm....shiney!

    mmm....shiney! Well-Known Member Silver Stacker

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    Some graphs to help point out that printing money hasn't lead to inflation:

    Firstly government bonds on issue:

    bonds-on-issue-in-australia.gif
    As you can see the amount of bonds on issue have exploded since about 2000 from about $50 billion to about $750, that's a 1300% increase.

    Secondly, CPI figures from Fidelity International show the official CPI rate from 2000 (57%), wage rises (78%) as well as a number of other changes in prices from secondary education down to computing. My point is that it doesn't reflect the rise in bonds on issue, in fact for the years from 2000 - 2009 Australian government bonds on issue actually declined (State's hardly budged up) but prices still rose (probably because that's when wages and credit also rose).

    Screen Shot 2021-01-16 at 12.22.26 pm.png

    Technological advancements are the obvious reason for the price declines in clothing, vehicles etc. As for the huge rises in education, medical/hospital, housing etc - I think you just have to look no further than credit availability, consumer choices and government policies (not bond sales).
     
    Last edited: Jan 16, 2021
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  12. mmm....shiney!

    mmm....shiney! Well-Known Member Silver Stacker

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    At first I thought you were winding me up, but I worked out that your question was genuine.

    Why do you say that?

    It doesn't, but we'll let that ride.

    100%. And I believe currency should be issued by private providers. Hence my interest in crypto, it used to be gold but crypto is trustless.

    MMT advocates (remember I'm not) also argue that market forces should dictate how much currency is issued. That is, when there is excess resource capacity (usually labour ie unemployed/underemployed) and high demand for goods/services but the private sector is incapable of utilising those excess resources* to meet that demand that's when the government should step in.

    * attributable to a balance sheet recession.
     
    Last edited: Jan 16, 2021
  13. mmm....shiney!

    mmm....shiney! Well-Known Member Silver Stacker

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    Distributive ledger technology.

    Renders gold as a safe harbour as opposed to a future currency in my view.
     
  14. JohnnyBravo300

    JohnnyBravo300 Well-Known Member

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    Yep maybe so
     
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  15. mmm....shiney!

    mmm....shiney! Well-Known Member Silver Stacker

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    So if we can draw anything from this conversation, it's that's we should stack assets - BTC, gold, RE and stocks.
     
  16. 66rounds

    66rounds Well-Known Member Silver Stacker

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    And when we are priced out of those assets?
     
  17. mmm....shiney!

    mmm....shiney! Well-Known Member Silver Stacker

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    Start stacking now. For your kid’s sake if nothing else.
     
  18. 66rounds

    66rounds Well-Known Member Silver Stacker

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    Not a parent yet I'm already priced out of real estate. Not keen on taking on 30 years of debt just for FOMO. Stocks are a casino that im still learning about, crypto I should look into but can't stomach. So all I've got is a decent stack of gold and silver, cash, and time in my favour to keep learning.
     
  19. mmm....shiney!

    mmm....shiney! Well-Known Member Silver Stacker

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    I think I first heard someone say that about 30 years ago ;)
     
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  20. 66rounds

    66rounds Well-Known Member Silver Stacker

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    In 2001 a 3 bedder concrete house near me was 80k. Yearly wage in my field would have been $35-40k. Same house today is worth closer to $1 million. Yearly wage in my field now closer to $65-70k.

    So assets more than 10x
    Wages less than 2x

    *Should add that in 2001 I was not even pubescent so can hardly blame me for being born too late to participate

    I call that being priced out of the market.
     
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