Who are they who have so little respect for the U.S. dollar that they are giving away 4,600 of them for a paltry ounce of gold?

Self

[T Ruth]

Those who have stolen billions of dollars from American taxpayers attach little value to what is has been so easily obtained. Further, their thefts have weakened the American government, which tips the odds that the American government will collapse, and their trade of dollars for gold will be a winning one.

However, if the massive thefts can be halted, then the number of market participants who have billions in cash to which they attach little value will shrink drastically.

Recall that price is determined at the margin. It only requires a few market participants (technically only one), who are willing to pay any price, to drive up the market price. Recall the Hunt brothers’ silver boom of 1980.

Hypothesis: IF the massive thefts of taxpayer monies can be stopped soon, then the price of gold will decline precipitously within two years. However, reality is that the dollar has been weakened, the national debt is approaching $40 trillion, and the dollar price of gold will probably not return to its level of 2022.

---

TOPICS: Business/Economy
KEYWORDS: debt; delta7; gold; silver; vanity

[jimwatx]

I wouldn’t be surprised if silver hits $100 this week. Gold is NEVER going back down to anywhere near where it was. It will easily hit $10k within 2 years. You have no idea what you’re talking about. The dollar is dying a little bit more each day. The most that they can hope for is to slow down its decline.

[Worldtraveler once upon a time]

History ---- What can and has been done before CAN be done again....

"By virtue of the authority vested in me by Section 5 (b) of the Act of October 6, 1917, as amended by Section 2 of the Act of March 9, 1933, entitled "An Act to provide relief in the existing national emergency in banking, and for other purposes," in which amendatory Act Congress declared that a serious emergency exists, I, Franklin D. Roosevelt, President of the United States of America, do declare that said national emergency still continues to exist and pursuant to said section do hereby prohibit the hoarding of gold coin, gold bullion, and gold certificates within the continental United States by individuals, partnerships, associations and corporations and hereby prescribe the following regulations...."

Executive Order 6102—Forbidding the Hoarding of Gold Coin, Gold Bullion and Gold Certificates April 05, 1933

Read the whole thing.

[Myrddin]

The industrial demand for silver metal far outweighs the physical metal available for sale. It is a simple matter of supply and demand. The paper silver fiction that trades in the financial markets has been exposed for the fraud that it is. Physical silver metal will find a legitimate market price.

[chud]

There are too many dollars sloshing around in the economy, chasing the same amount of goods.
The big boys at the banks and on Wall Street get the newly created dollars first, and use them to acquire assets.
I'll do the same.

[chud]

FDR issued Executive Order 6102 at a time when the dollar was backed by Gold.
People could go to a bank and trade in their dollars for gold. When FDR's government got reckless with spending, many citizens decided that they would rather have the gold. FDR didn't like that, and insisted that they turn the gold back in for dollars.
Some did, some didn't.

The dollar is no longer backed by gold.

The final connection to gold was ended by Nixon when France thought America was spending too much money on the Vietnam War. Up to that time, nations still could exchange dollars for gold, and France decided to do just that.

Since then, we have been in the petrodollar world. The dollar was tied to oil instead.

There is no basis for a gold confiscation today. You could argue that silver is more critical to infrastructure.

[Worldtraveler once upon a time]

--- "There is no basis for a gold confiscation today. You could argue that silver is more critical to infrastructure."

Gold contacts in many devices, still. "...bullion and even dental crowns. But did you know that gold also plays an important role in electronics? Electronics accounted for about 7% of the gold used in the U.S. in 2024, according to the USGS Mineral Commodity Summaries for 2025. "

I would argue that silver is in some ways even more critical, according to many sources as well as simple assertions.

[Macoozie]

The thing with Gold.
Ya gotta store it and protect it.
The whole time, it sits gathering dust.
Ya can’t eat it.
Can’t bandage a wound with it.
Can’t hunt with it.
In a crunch, ya want a gold coin? or food, water, medicicine, and some diesel?

Dante’s Peak - Couldn’t pay enough to get on the Helicopter out of there.

See Twilight Zone, “The Rip Van Winkle Caper”

Land? You can grow something on it.
Let folks live on it.
Raise animals on it.
Save your own life with it.

[AAABEST]

The big boys at the banks and on Wall Street get the newly created dollars first, and use them to acquire assets.

Bingo. That's the entire Jekyl Island 100 year long racket in a nutshell.

What's funny is they don't even need to "acquire assets," as holding the debt itself is considered an asset.

The Fed simply prints money and sells it to banks or government... instant asset. Banks sell the same money to the hoi polloi, government gives it away to those who line their pockets, enhance their careers or, at least, vote for them.

All the "product" is created out of thin air, nobody lifts a finger except the hoi polloi who work their asses paying debts and funding government.

Tacit slavery that eventually will not be sustained.

[ckilmer]

Land and physical assets were the best play for the last 5-10 years or so. But both productivity and gnp just printed north of 5%. Those are big numbers and everyone has seen predictions of bigger numbers to come. The s&p gained something like 18% in 2025. 2026 is primed to go much higher.

[chud]

Land and Gold are both hard assets. It's good to have either, or both.
Land and gold are better to hold than dollars, which are like a melting ice cube.

[Nateman]

Rhenium is an element used in the manufacturing of turbine blades. It is more rare than Gold but currently sells for one tenth less per ounce. That says to me the demand for Gold right now is in a classic bubble .

[T Ruth]

Thank you for your feedback. It's true that I have no idea what I'm talking about; that's why I posted my provocative little essay.

When I read comments like "Gold is NEVER going back down" it suggests to me that we are near a top. If I read a lot of comments like that, and if I can convince myself that the looting of the Treasury can be stopped, I'll buy some OTM puts on B.

[Nateman]

Ever have a phone that no longer can take a charge? It is because of corrosion in the contacts. If those connections were coated with Gold you would not develop that problem. Gold does have useful properties beyond trade.

[T Ruth]

That says to me the demand for Gold right now is in a classic bubble .

Seems that way to me, too; but you never know.

[jimwatx]

Do that and you will wind up bankrupting yourself.

[Vermont Lt]

They are selling their gold to buy silver. LOL

Those little paper things are not what they used to be.

[Vermont Lt]

That only works if your money is based on the value of gold. That stopping being a concern in the 1970s.

No reason to take away gold today.

[lucky american]

Where do you sell your silver or gold? My husband did a test sell at 2 of our local coin shops. They offered him 35 dollars for a silver, one ounce bullion coin. This is when silver was 70 dollars. BE CAREFUL OUT THERE.

[Bobbyvotes]

Only thing backing the dollar is power of government to tax.