Posted on 05/06/2025 8:18:07 AM PDT by PJ-Comix
Gold prices have reached record heights of around the 3400 level recently. So what do you think Jim Cramer predicted about where gold prices were heading back in 2019? Well, if you know anything about Jim Cramer you should already know the answer to that question.
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Cramer is worse than a weatherman.
Another classic (it collapsed a week later)
Jim Cramer: “Bear Stearns is Fine!” Tues, 3/11/08
https://rumble.com/v5e1rej-jim-cramer-bear-stearns-is-fine-tues-31108.html
Charlatan
is there a contrarian Cramer fund ?
Yes there is! The Name Escapes me at the moment but there is such a fun.
Witnessing the 70/80’s and 2008 parabolic rise, we haven’t seen anything yet. $5K Gold a given, after that much higher, ALL the world’s currencies are rapidly declining, inflation and debt exploding worldwide. So, so easy to see Gold in another generational bull.
Paper pushers will be paper pushers, they aren’t old enough to remember, study history or care to…..many will take a huge haircut, few will prosper.
Today’s headline, trade deficit expands due to tariffs. Hum, I would think that rising costs of imports would decrease the deficit. Of course no one mentioned that companies stocked up before the tariffs were installed, increasing imports.
Jim Cramer: “Bear Stearns is Fine!”
————
A contributing factor to the 2008 meltdown, Bear Sterns silver short positions. When Bear Sterns went under, JP Morgan assumed the $$$ billions of paper shorts ( losses). The number so great JP Morgan finally paid the losses off in 2013.
“ Bear Stearns’ failure coincided, to the day, with gold hitting all-time highs (over $1000) and silver hitting 30 year highs ($21). It’s easy to calculate that Bear lost more than $2 billion in being short gold and silver from yearend 2007 to mid-March 2008...”
JP Morgan is going to soon experience another “ religious” experience….manipulating markets never ends well.
“$5K Gold a given, after that much higher, “
LOL!. Ten years ago ....
Martin Armstrong – Gold Bullion To “Max Out At $5,000 Per Ounce”
Apr 15, 2015,
https://www.goldcore.com/blog/martin-armstrong-gold-bullion-to-max-out-at-5000-per-ounce
SELL SELL SELL!
The feds gave me free haircuts.
Several thousand tons are predicted to be mined.
Does supply and demand still apply?
If the supply of gold goes up, does the value of gold go down?
I dunno but it won’t affect me directly. A couple of weeks ago I cashed out the batch of gold Kangeroos I bought four years ago.
BRICS Rio Reset - July 5-6, 2025
https://www.breitbart.com/politics/2025/04/29/the-rio-reset-the-global-financial-shift-that-may-trigger-the-next-dollar-crisis/
The BRICS nations have been constructing this alternative financial system for two primary reasons: (1) the continued devaluation of the U.S. dollar and (2) its weaponization through sanctions. Their bloc’s work has accelerated in recent years, leading to the development of an array of institutions, clearing and settlement systems, compliance and regulatory agencies, and more:
BRICS Pay: An alternative to SWIFT for international payments.
Cross-Border Interbank Payment System (CIPS): Enabling direct transactions without using dollars.
mBridge: A gold-based digital exchange for settling international trade.
New Development Bank: Their alternative to the World Bank and IMF.
Central bank gold reserves: BRICS nations have dramatically increased their gold holdings.
No. Gold in the ground does not equal supply of gold on the world market.
There is a huge cost to bring an ounce of gold to market.
According to Google AI (plus links)...
Total average cost - $1,000 to $1,200 per ounce.
In other words - a 200% profit margin.
The Chinese discoveries were important because they have lower than average recovery costs.
““ Bear Stearns’ failure coincided, to the day, with gold hitting all-time highs (over $1000) and silver hitting 30 year highs ($21). It’s easy to calculate that Bear lost more than $2 billion in being short gold and silver from yearend 2007 to mid-March 2008...”
Gold bug revisionist history. Bear Stearns failure started with the housing market crisis in 2007.
“2008 parabolic rise”
In 2008 gold went from 1450 to 1075.
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Bull Eats Gold Ornaments Thrown Out With Garbage By Haryana Family
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