Posted on 01/15/2024 9:32:13 AM PST by davikkm
This is directly related to observations about the economy, at least in middle Tennessee where I live. Precious metals should see robust influx of investments, as the weaker economy negatively impacts jobs, incomes, disposable income, consumer spending and ultimately personal security… citizens abilities to provide themselves with the basics of food, shelter and general comfort. My observations are not related to reports from the news, etc… these are personal observations.
(Excerpt) Read more at citizenwatchreport.com ...
Precious metals will initially drop with deflationary fears - then when Fed.gov really goes insane with debt, and the Federal Reserve begins monetization, PMs will fly with inflation.
My take as well. Go back in time to 1975 and suggets to someone that gold will be $2,000 an ounce and silver would be $25. They would think you were nuts. but here we are.
I thought it was nuts to pay $8,000 for a brand new Buick in 1980.
Ther path where Biden is leading this country is unsustainable. Another 4 years of Biden, or any other democrat will finish the job.
It’s pretty obvious.........................
LOL. My only frame of reference in 1975 was the cost of a popsicle at our local corner store run by and old Italian couple who lived above it. 10 cents.....
“..is slipping...”?
“Precious metals should see robust influx of investments”
#########################
Said every precious metals enthusiast since the beginning of time, and were incorrect every time.
Amazing that they can lie like this and get away with it.
Blog pimp pushing paid memberships.
It’s okay, wage increases have outpaced the cost of living increases since 1980…
I remember in ‘54 when the price of going to an afternoon movie went from six cents dime.
It began its slip back around July/August of 2023.
In a true economic meltdown, a box of 50 9X19 parabellum luger rounds would be worth more than gold
“In a true economic meltdown, a box of 50 9X19 parabellum luger rounds would be worth more than gold”
$$$$$$$$$$$$$$$$$$$$
Yup. Either the SHTF or it doesn’t. I don’t see runaway appreciation in gold in either scenario. IMHO.
Actually any common caliber, .45, .357, 30-30, 22LR, .223/557 or 308 would all be very valuable.
Interestingly, because of the type of stuff I spend my money on, my “wages” have increased faster than the cost of living, since my retirement in 2021. We live almost exclusively on SS and the increases every year have been far more than any cost of living increase.
We have zero debt and own our own property. 32 acres. And our monthly cost of living is roughly 1/3 of our SS payments. In fact, our annual property taxes even went down from about $440 to about $325. Amazon prime went up, though.
We’re paying insurance on four cars so I’m still thinking about selling the FR-S.
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