[Nateman]

I think Gold is in a bubble. Rhenium, which is more rare than Gold , is 10 times cheaper. The market is clearly over excited about Gold .

[AnotherUnixGeek]

Silver kissed 80 before heading south again. Still, I’m up by a decent amount on silver futures.

[aMorePerfectUnion]

If you would like to be on the Gold & Silver PING LIST, please pm me.

The Gold & Silver Ping List covers the following:

Everything Gold & Silver
Stock market investments in mining companies,
etc.

PING!

[KarlInOhio]

assets once derided by governments as “barbarous relics”

I'm sure untamed horses consider a bit and bridle to be "barbarous relics" too.

[kvanbrunt2]

Not really a MAGA portfolio, Gold, Bonds, and global stocks.

[Dave Wright]

Why are people buying gold when core inflation is 2.7%, well within historic levels? The answer is that China is taking its trade surplus dollars and buying gold rather than US treasuries, as in the past.

They plan to leverage their slave labor and steal the wages and profits from their own people to strategically offer an RMB backed by gold. This will allow the BRICS countries to avoid US sanctions and undermine the reserve currency status of the USD.

If you are investing in gold, you are betting that slave labor will allow China to destroy the US economy. It’s a reasonable bet they will succeed, but I’m still not buying what is essentially a rock priced by the “greater fool.”

[Dave Wright]

Why are people buying gold when core inflation is 2.7%, well within historic levels? The answer is that China is taking its trade surplus dollars and buying gold rather than US treasuries, as in the past.

They plan to leverage their slave labor and steal the wages and profits from their own people to strategically offer an RMB backed by gold. This will allow the BRICS countries to avoid US sanctions and undermine the reserve currency status of the USD.

If you are investing in gold, you are betting that slave labor will allow China to destroy the US economy. It’s a reasonable bet they will succeed, but I’m still not buying what is essentially a rock priced by the “greater fool.”

[Taxman]

ping

[Diana in Wisconsin]

“A new generation of Americans has now experienced the painful effects of inflation firsthand. Since 2020, the dollar has lost more than 20 percent of its real value—and over 40 percent since 2000. The lesson of inflation, once internalized during the 1970s, had been largely forgotten after decades of relative price stability. But it’s once again relevant as people around the world lose confidence in government-issued money—paper IOUs that lose value annually.”

This current generation needs to get MAD and truly realize that INFLATION is Government-Caused THEFT! TAXES are also THEFT! Grrrr!

[GOPJ]

bump for later