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jultorsk said:
Spending on the migrant sector is exactly what got Tories wiped out yesterday.
British voters don't want a massive misery industry importing drugs and supporting human trafficking.
Conservatives were unable to stop the boats.
The crime is up, health system is buckling, previously nice communities and beach holiday spots are brimming with drugs and hookers, no-one can afford to own a house and cost of living is through the roof.
It's a rather moot point, it seems, if the govt spend it's just a ledger trick, when in reality the outcome is clearly negative to the average citizen.
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My point is not to debate the merits/disadvantages that migration brings, it's that government spending = private sector savings. What the government spends money on and whether it actually creates long term wealth for the private sector is another matter entirely. Money spent by the Federal government on services and industries means the private sector don't have to stick their hands in their own pockets in order to meet their needs. The issue of course is that in many instances the money is not spent efficiently.

And as far as the "spending on migration" argument goes which has been raised in a couple of posts, claims that migrants receive cash handouts or monetary assistance are largely false. Programs are generally limited to assistance for refugees and asylum seekers who have arrived "legitimately" and have been assessed as worthy of receiving assistance.
 
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Brandon won't step aside! He's very determined to push the gold price up with his policies and no other.
He must be a secret stacker! I bet he lurks here, man who knew.

Also more good news. The almost 20 million illegals might be able to vote if things get passed.
We just can't lose!
 
Who can remember Jim Sinclairs ( may he rest In peace) posts, more than a decade ago, regarding the golden angels price projections

It’s taken a while but gold is finally hitting the targets he set!
 
New in the news....

Brandon needs 600 billion for a new govt agency to investigate who in the heck crapped in his pants.

We just cant lose!!!

They can fool some of the people all of the time and they can fool all of the people some of the time but they'll never fool gold!!
 
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Also, USA seems furked (thanks Joe).

"Global stock markets have plunged amid fears that the US Federal Reserve has left it too late to begin cutting interest rates and risks damaging the world’s largest economy.

Japan’s Nikkei 225 index closed down 2,216.63 points - its second-largest points drop in history - after weaker than expected US factory data showed output dropped to an eight-month low in July, while weekly initial jobless benefit claims by Americans rose to the highest level in nearly a year.

The pan-European Stoxx 600 index fell as much as 1.7pc to a three-month low, while Germany’s Dax dropped as much as 1.6pc and the Cac 40 in France dipped as sharply as 1pc. The FTSE 100 fell as much as 0.7pc.

Federal Reserve chairman Jerome Powell indicated on Wednesday that a first interest rate cut could come in September as policymakers held interest rates at 23-year highs of 5.25pc to 5.5pc.

However, markets around the world dropped sharply overnight and this morning as traders priced in that the Fed will be forced to cut interest rates at all three of its remaining meetings this year.

It is forecast to need 1.75 percentage points of interest rate cuts over the next year in a race to avoid a recession.

The sell-off was exacerbated by poor results from Big Tech giants on Wall Street as results from Apple, Intel and Amazon failed to impress."

https://www.telegraph.co.uk/busines...ts-latest-news-stock-sell-off-interest-rates/
 
Some Youtubers calling today "Black Monday"....
yeah, so original I know.
Anyway, random year silver Eagles for $31.something on Pimbex and i feel like i could use another tube...what to do what to do.

Is everyone still buying or waiting on lower prices??
My gut says to maybe get some now and then see what happens.....what could happen.
 
An irrational rout is no time to sell. The narrative is that the reason stocks and Bitcoin are tanking is because people are fleeing “speculative or risky assets” yet gold is not really either, it’s always been where people look for safety but it’s falling too. Further analysis is necessary. I’d rather buy than sell at this stage.
 
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