Posted on 08/04/2020 9:20:41 AM PDT by cba123
Check out this 6mo. gold miner stock chart FNV, and this 6mo. silver miner stock chart FSM.
As others have stated here, it’s due to the fading dollar in response to recent actions of the Dept of Finance and the Fed Reserve... helicopter money.
“””perhaps the disintegrating economy and the plan to print endless amounts of “money”?”””
Give that Freeper a cigar. Yep, QE on steroids, huge amount of printed play money and more on the way, oil patch slammed, huge unemployment, loads of businesses shot in the head and dead forever, etc. etc. Here is my analogy.... It’s like the videos of the tsunamis where the water starts flowing way out to the sea. That’s the point we are at right now, the water is way out there and everyone is standing around looking. Soon, the water will start coming back and things are going to be very bad. More unemployment, evictions, foreclosures, etc.
As harsh as it may sound this country should have never shut itself down and should have let the virus run it’s course.
I got out of the stock market weeks ago, if I had stayed in I’d be up substantially today but I would not get back in it. Too scary. Gold? Silver? I started collecting in bulk in 2015. I’m shocked at today’s prices.
We are in a mess. A mess caused by the Pelosi’s, Obama’s, Bush Family, Clinton’s, along with countless politicians who sold out this country for a dollar. America should be debt free and have a huge surplus. Instead we are in dire straights. Trump must be reelected.
Peaks and Valley investors buying and selling ....... my opinion only.
LOL, good one.
Trump shares the blame....
I would want no part of real estate for the next couple years.
I don't give a fat rat's ass, I bought most of my "REAL GOLD" at $300/OZ, and then bought some more at $1,350/OZ, so if it comes back to $1,850, I'm OK with that "loss".
I'm keeping my gold for my grand kids or the revolution, in which case, I'll need it for a loaf of bread or a box of 30-06, or 12 gauge, or 357 or 38 or even 410 or 22 shells.
I have less than 3,000 rounds and ya never know.
Too many old timers still around today since the time when their income and purchasing power was initially based on the value of gold which was based on $35.00 per ounce or its graduated increases in value are really seriously hurting because their Social Security checks have never kept up with those inflationary increases.
I say you are full of shot, but anyone with a name of Chauncey has to be full of shat.
Look at the price of gold at the turn of this century, Gold was sold for $275 and that is less than 40 years, and it is 700%, not 7%.
I got your tomahto, swinging.
Actually, the measurement is precisely reversed:
The Federal Reserve Accounting Unit Denominator (FRAUD) is now worth 1/2000th of an ounce of GOLD!
Ya’ ain’t seen nothin’ yet!
YES, IT’S LONG. AS LONG AS OUR PROBLEM IS BIG!
Brilliant Christian monetary realist, charter, corporate, bush pilot and businessman
Bruce McCarthy delivers a humorous program on the complex, pervasive and destructive Marxist based fraud being perpetrated on Americans...and why it continues even though the perpetrators freely admit what they’re doing to us.
That said, he’ll have you laughing through your tears for America.
PAPER DEBT “MONEY” PART 1
https://www.brighteon.com/dd2435a2-f586-438b-86a3-6792cb28e99f
PAPER DEBT “MONEY” PART 2
https://www.brighteon.com/c9ceeb06-ed31-45a1-bd42-f217b9d5710f
“Trump shares the blame....”
I didn’t say he didn’t:)
He has done some good stuff:
Depends on where it's located, I think. Homes in my area are appreciating wildly because urbanites, especially people who work from home, are fleeing crime-ridden Democrat cities. Of course most will bring their liberal pathology with them.
True, and how long one can hold onto an investment.
Can’t keep printing an endless supply of money and expect the worth of the currency not to crash.
The real question is, how many Zero’s are we going to Add to our Currency denominations??
YEARS ago when I had just become a gold bug, I read a prescient comment that "Gold is the thermometer which measures the temperature of the nation's economy".
The liberals were screaming about people who made gold their god. One guy replied, "If that is true, then this god is worshiped throughout the world, has no temples in its honor, and doesn't have one hypocrite in the congregation."
[Sidebar] I became a gold bug after reading Harry Briwn's "How you can profit from the coming devaluation". Ironically, I was reading it in a State Park camping ground on sunmmer holiday when Nixon broke the link and freed gold. I pist and moaned the whole vacation, thinking I was too late. I wasn't, and made out like a bandit later on.
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