Gold Smashes Above $1800 For First Time Since 2011 | |
Anonymous Coward User ID: 22067365 United States 06/30/2020 07:58 PM Report Abusive Post Report Copyright Violation | Every country and government on Earth already has a monopoly on gold. Also the government can seize it from you any time it feels like it... they have before. Plus, it's a naturally occurring element. You don't think there are planet-sized nuggets in asteroids, waiting to be mined? It's guaranteed. Forget gold, buy Bitcoin! |
Anonymous Coward User ID: 56735503 United States 06/30/2020 07:59 PM Report Abusive Post Report Copyright Violation | Whooop, everyone thinking gold is going to protect them is stupid. The traditional "hedge against inflation" nonsense these people buy into is hilarious. But hey, congrats on taking 9 years to get back to all time highs... oh wait.. it never did get to ATH and is back below 1800. Quoting: The Årtist The absolute best gold will do for you is allow you to maintain whatever wealth you currently have... it will NOT make you wealthy. Wealth is when you bought $40,000 in Apple stock in 1998 for $1.98 a share... then split 7 ways a few years ago and now is worth over $51 million. :) unless....... |
Anonymous Coward User ID: 79062096 Vietnam 06/30/2020 08:06 PM Report Abusive Post Report Copyright Violation | And how much of the gold on Earth is already in private vaults? Quoting: Anonymous Coward 22067365 Every country and government on Earth already has a monopoly on gold. Also the government can seize it from you any time it feels like it... they have before. Plus, it's a naturally occurring element. You don't think there are planet-sized nuggets in asteroids, waiting to be mined? It's guaranteed. Forget gold, buy Bitcoin! Lol Spruiking bitcoin as being superior to gold, is the same as saying we should do away with water and instead get all our liquid needs by extracting the moisture from dogshit. |
Anonymous Coward User ID: 73392564 United States 06/30/2020 08:16 PM Report Abusive Post Report Copyright Violation | Rumor has it Trump will announce the return to the gold standard in Saturday’s 4 of July speech Quoting: Anonymous Coward 67984911 Deep state assets won’t allow this however. Pray for Trump this weekend Where (and when) exactly did this rumor originate? in a qtards fantasies same as the bullshit that trump took over the Fed He took over the treasury by giving the keys to blackrock. |
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Anonymous Coward User ID: 74177299 United States 06/30/2020 08:49 PM Report Abusive Post Report Copyright Violation | gold should have been breaking records every day since the russian / Saudi opec battle and covid on top of it Quoting: Anonymous Coward 79087321 gold should be at. 3000 by now but with global financial failures, a pandemic, and chaos in the streets.... gold has barely been making moves for 4 months now since all this shit happened proof the gold market is manipulated in a free market, gold would have been on a skyrocket trajectory since March but instead it moves laterally between 1700-1800 In a free market the price of gold would be much, much higher. Because our government expands the national debt at around 8.5% every year. In 1934 our debt was $22 billion, do the math and it comes out to about $24 trillion today at 8.5% a year expansion. That also means that gold should be priced at: $50(1+0.085)^(2020 - 1934) = $55,710 per ounce Bill Holter says 87,000 doing the math. But I won't mind 55,000. However, you do realize they will slap a windfall tax on the sale, like they did in the 70s when oil skyrocketed. There is no end to the black hole of government greed. |
Anonymous Coward User ID: 32602060 United States 06/30/2020 08:52 PM Report Abusive Post Report Copyright Violation | |
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Anonymous Coward User ID: 78145469 United States 06/30/2020 09:08 PM Report Abusive Post Report Copyright Violation | If History Is Any Guide We Could See $4,000 Gold Quoting: Ghetto Guy but we wont..there is a reason it went from 299 in 1999 to peak and stay in same window for a decade..this is the consensus of smart people of its intrinsic value..cmon do you want me to go into details? i will [link to www.zerohedge.com (secure)] You all notice that the ones that have no gold are the ones that always wanna piss on it |
Blenderizer User ID: 76760905 United States 06/30/2020 09:08 PM Report Abusive Post Report Copyright Violation | gold should have been breaking records every day since the russian / Saudi opec battle and covid on top of it Quoting: Anonymous Coward 79087321 gold should be at. 3000 by now but with global financial failures, a pandemic, and chaos in the streets.... gold has barely been making moves for 4 months now since all this shit happened proof the gold market is manipulated in a free market, gold would have been on a skyrocket trajectory since March but instead it moves laterally between 1700-1800 In a free market the price of gold would be much, much higher. Because our government expands the national debt at around 8.5% every year. In 1934 our debt was $22 billion, do the math and it comes out to about $24 trillion today at 8.5% a year expansion. That also means that gold should be priced at: $50(1+0.085)^(2020 - 1934) = $55,710 per ounce Bill Holter says 87,000 doing the math. But I won't mind 55,000. However, you do realize they will slap a windfall tax on the sale, like they did in the 70s when oil skyrocketed. There is no end to the black hole of government greed. Good point although I think it would be easier for them to ban cash, then whack everyone's accounts periodically with a 25-30% wealth tax. They will definitely put a capital gains tax on cryptos, I think once they've mandated an e-fiat coin. Although I personally think no matter what kind of games and shenanigans they come up with, eventually they will have to embrace free exchange of gold and silver because nothing else works for a market economy. And top down control economies don't work period, they have an expiration date the day they open for business. You know over 17 states in the US have passed legislation making gold and silver coins legal tender, that means they cannot exact a capital gains tax from the resale of gold bullion. I guess the feds could impose the tax but I don't think they have the resources to enforce it. Even FDR's gold confiscation relied on people voluntarily turning in their gold coins for paper with mystical symbols on it. Modeling reality |
Anonymous Coward User ID: 73392564 United States 06/30/2020 09:10 PM Report Abusive Post Report Copyright Violation | And how much of the gold on Earth is already in private vaults? Quoting: Anonymous Coward 22067365 Every country and government on Earth already has a monopoly on gold. Also the government can seize it from you any time it feels like it... they have before. Plus, it's a naturally occurring element. You don't think there are planet-sized nuggets in asteroids, waiting to be mined? It's guaranteed. Forget gold, buy Bitcoin! Lol nope gold and silver are honest money. |
Blenderizer User ID: 76760905 United States 06/30/2020 09:10 PM Report Abusive Post Report Copyright Violation | If History Is Any Guide We Could See $4,000 Gold Quoting: Ghetto Guy but we wont..there is a reason it went from 299 in 1999 to peak and stay in same window for a decade..this is the consensus of smart people of its intrinsic value..cmon do you want me to go into details? i will [link to www.zerohedge.com (secure)] You all notice that the ones that have no gold are the ones that always wanna piss on it The ones that piss on it believe in god government. Because government can naked short the economy, counterfeit the currency this gives the government god like powers. I think it comes down to 2 types of people, those who love to be slaves (paper money) and those who love to be free (gold and silver). Modeling reality |
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Anonymous Coward User ID: 73392564 United States 06/30/2020 09:11 PM Report Abusive Post Report Copyright Violation | And how much of the gold on Earth is already in private vaults? Quoting: Anonymous Coward 22067365 Every country and government on Earth already has a monopoly on gold. Also the government can seize it from you any time it feels like it... they have before. Plus, it's a naturally occurring element. You don't think there are planet-sized nuggets in asteroids, waiting to be mined? It's guaranteed. Forget gold, buy Bitcoin! Shit coins are not just weights man. Not going to work unless you want to complete the circle of shit again. |
Anonymous Coward User ID: 75933984 New Zealand 06/30/2020 09:13 PM Report Abusive Post Report Copyright Violation | Rumor has it Trump will announce the return to the gold standard in Saturday’s 4 of July speech Quoting: Anonymous Coward 67984911 Deep state assets won’t allow this however. Pray for Trump this weekend If Trump did this I would actually vote for him. But, I'm guessing this is as likely is the any-day-now UFO disclosure. Aint gonna happen. |
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