Posted on 04/09/2025 5:26:37 AM PDT by Miami Rebel
A deal with Japan, or Korea, or the EU could spark a short-covering rally.
Safe Haven = Gold
Always has been always will be
The generations after the Boomers do not care one whit for the market and investing, even for Gen X all of that has been placed out of reach and they see no benefit to the market personally for wealth generation.
This is supported by the fact that 80%+ of all stocks and bonds are held by 10% of the population. The truly “rich” have created this by destroying the middle class. Now there is little middle class left to care about things like investments and most are even happy to see the “rich” get soaked this way, as it literally has little impact on them being the “poor” working class.
With the GSR now at 100, Safer Haven = Silver.
Do keep in mind that the gold market is the same as the diamond. Controlled by a few players and there is no limit to how much can be made available on notice.
I tell you that Germany is the last place I would put my money.
Treasuries are going down because many people use those for their possible margin calls. And that is happening so they are selling their treasuries to cover their margins. This includes big companies and little people both. China and democrats are no doubt selling them to harm Trump too.
If someone is selling, someone else is buying. No?
I am a boomer (born in last year or 2 of the Gen).
But Boomers perhaps squandered more national wealth than any country in history..not forced. Our Gen rush to buy cheap communist goods and sell out our jobs in the process is something I still don’t understand.
Although to be honest I suppose many of the politicians and powerful in the 90s were of the Greatest Gen . Grok said only 3 of the top richest men in the USA in 1993 were Baby Boomers.
One could argue that’s who started the mess.
“first of all, let me assert my firm belief that the only thing we have to fear is fear itself—nameless, unreasoning, unjustified terror which paralyzes needed efforts to convert retreat into advance. In every dark hour of our national life a leadership of frankness and vigor has met with that understanding and support of the people themselves which is essential to victory.”
FDR
They were higher in 2007, that’s less than 27 years ago.
They were higher in 2007, that’s less than 27 years ago.
Gold is a world market it always hold value no mater how trade markets do.
Diamond are controlled by a few players but never gold.
That the US Congress plans to add $5 trillion in new debt has nothing to do with this. /s
Gold too very stable
OK, supposed our economy collapsed and you had to use gold that was selling for $5,000 per ounce and you wanted to purchase an item for $1,000. How do you handle that. On the other hand if silver was selling for $100 per ounce, much easier to buy that item. Hey, I just saying if you can afford to buy gold have at it but I could afford gold I would be buying a lot of silver also.
The only true source of safety is Physical gold in your home safe or buried under the basement
If GLD is paper its worthless...expect a short squeeze as people want physical gold and there isn't any available.
Exactly!
The term ‘buying gold’ these days is a non-sequitur.
What one is REALLY doing is dumping an IOU we have in our wallets, a poor devalued one at that, and getting back in our possession the metal behind that IOU.
IOU = green-inked TP
Legal in Texas...also the Texas the Gold Debit Card ...put in an oz of physical gold...say $3000 today and use it to spend until it runs out
Ha Gold Stable....?
it's $3000 an ounce now
Expect $4000 an ounce by end of next year
And $7000 the year after.
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