[delta7]

The last domino is falling.

[Blueflag]

Back in the summer of 24 I was very concerned about the consequences of Trump NOT winning and I shifted 15% of our portfolio to gold.

Right now I wish it was 55% 😉

[Vaduz]

U.S. Treasury Secretary Scott Bessent has said the yield spike is not unusual or worrisome, pinning the blame on professional investors who had borrowed too much and needed to sell.
******************************************************

[Brian Griffin]

The Federal Reserve can simply buy US government bonds paying 2% in sufficient quantity.

There’s also the possibility of a value added tax. At 8%, it would bring in about $1.6 trillion a year.

[aquila48]

I wonder how much of the money that people got by selling stocks is just sitting at a brokerage as cash waiting for things to settle down.

It’d be interesting to see the breakdown of where the money from the sale of stock went - cash, gold, foreign currencies, other assets.

[Brian Griffin]

Maybe the US should not spend $1 trillion a year on the DoD.

Fiber optic drones are fairly cheap and highly effective.

[JesusIsLord]

Overview of Gold and S&P 500 Performance

Re: https://iask.ai/?mode=question&options[detail_level]=detailed&q=Compare+the+performance+of+Gold+versus+S%26P+500+funds+that+reinvest+their+dividends.

[econjack]

This is unusual. Normally, risk in the equities markets drives dollars into Treasuries. The result is normally a downward move in interest rates. This is important because, for every basis point (0.01%) decrease in the interest rate, the cost of servicing the debt falls by $1 billion per day. Instead, because Congress can't control themselves and spending, money is flowing into precious metals. Not good, as those are not productive uses of capital.

Solution: restore confidence in the dollar, which means Congress has got to stop bingeing on debt spending. Elon is doing that, but the GOP has failed miserably in educating the public what's going on. And to those idiots who thought a smaller gov't didn't mean firing public employees, grow up. The GOP should be tarred and feathered for the piss-poor job they've done explaining how short run pinches now means no amputations in the long run.

[Tom Tetroxide]

Rafi Farber - Gold Goes Nuts, But Silver is The Final Piece of the Puzzle
https://www.youtube.com/watch?v=xTuM4SSMlhw

“I’m Saddened...WHALES Are Scooping Up Gold & Silver - NOT the Middle Class” - Mike Maloney
https://www.youtube.com/watch?v=JKvpduz-6LE

[EnderWiggin1970]

Rick Rule famously says, “I don’t own gold because I think it’s going to $3,500. I own it because I’m afraid it’s going to $10,000.”

And to be clear, this won't be because gold is getting more valuable. It won't buy more loaves of bread or suits of clothing. That will stay roughly even. It will be because the dollar is dying.