Best time to sell Q1 2021

SilverHaas said:
Thats been happening since 1970 mate. Accelerating in the late 90s, then more after 2008 and now its just ridiculous. 900B stimulus plan and its only like 50B free money to people, the rest is just to their buddies.
Click to expand...

Exactly. And we haven't had runaway inflation since the peak in the 70's.

SilverHaas said:
At some point the money from financial assets will trickle down to the economy and we will have massive inflation
Click to expand...

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.

1. Inflation Hysteria
That expanding central bank balance sheets — printing money — means higher inflation is a prime example of one of these articles of faith.

Twelve years of evidence in Europe and the United States show that all that money printing has not only not led to inflation but, if anything, had deflationary consequences similar to what Japan has experienced for decades.

Yet some economists and investors still insist that the monetary stimulus of 2020 will inevitably tip the scales towards rising inflation.
Click to expand...

and

2. Debt Leads to Austerity.
Another article of faith: High government indebtedness must be paid with higher taxes down the road and as such is bad for future economic growth. Thus, if debt becomes too high, austerity measures will be required to balance the budget.

Yet, more and more research shows that the fiscal belt tightening enacted in Europe and the United Kingdom amid the Great Recession and the eurozone debt crisis has caused more damage to growth than high debt-to-GDP ratios ever could.
Click to expand...
 
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
 
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
 
sgbuyer said:
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.
Click to expand...
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
 
China: Meet the country’s youngest female commander on Chang’e 5 moon mission
24 years old

 
SilverHaas said:
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
Click to expand...

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.
 
66rounds said:
What about inflation in labour wages?
Click to expand...

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).
 
Last edited:
You must log in or register to reply here.
Back
Top