I don't really understand how they do it, but whatever they do it's like clockwork at 10am.

Short version.....

Big banks trade paper to and fro via computers.

BoA is short one day. JPM the next, HSBC another, Citi another, etc.

Basically a multi-billion dollar game of hot potato.


Obviously a little more complicated that than......but thats it in a nutshell.


Unfortunately, it's the market we live with. Nothing is going to change until someone (i.e. BRICS countries) calls out the BS.


and it appears that it is happening.

Highest price today in China 🤯💪 pic.twitter.com/HDzLVjcO5U

— GoldSilver HQ (@GoldSilverHQ) April 15, 2024

Sims said:

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We agree. I just get concerned with some of the hysterics around these types of conversations. Managing money has to be done so in the environment you're in and not the one you think you're in or want to be in.

Other than just considering a good investment, China buys Treasuries many times because of the trade imbalance between China and the US. They get dollars from us but have to pay their people in local currency so their central bank is used in the conversion.

Chinese exports to the US fell $110B in 2023 from 2022. Friendshoring has been happening significantly in the last couple years and Mexico in many respects is a superior alternative to China from a labor standpoint. It stands to reason that Chinese exports to the US could continue to fall and their need for dollars will follow the same path.

All I'm saying is - their Treasury holdings can continue to fall and there could be more reasons than are immediately obvious.

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also sourcing a ton now to Vietnam and India instead of China

that will start to affect what you are discussing above

so what is the correct play here as we all see the iceberg in front of us?

move more equities into cash?

buy more GLD both stock, miners and physical?

BTC?

corporate bonds?

Correct on all points. Diversify away from stock equities.

Prayer

Spend time with friends and family

Spend time in nature

Enjoy the easy times now, while you can




The world is in a really ****ed up spot and getting more ****ed up on an hourly basis.

Focusing too much on financial aspects is only going to lead to major disappointment/heartache/stress (i.e. - when everyone loses their life savings).

Do what you can with what you have.


Let God sort out the rest.


It's just money.......focus on the important things in life.

Heineken-Ashi said:

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Texmid said:

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At what point will you start dumping stocks?

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I am 100% out of equities aside from a couple small positions that I have very clear stops on.

The bull markets moving forward are looking to be metals and energy.

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WOW

I'll throw out a lowbrow take that hopefully the smart folks here can correct, but if you're thinking the dollar will eventually collapse, put your cash into real goods, physical things now while you can - basically getting something in hand for your cash while it's worth something until there is a financial collapse. Precious metals should maintain value regardless of the currency (i don't think of it as an investment, more like insurance), and BTC in theory. I like the idea of 'getting something' for my cash now that I know I'll need/want/use in the future. For me, it's tools, equipment, an outbuilding/shop, and essentials. I just bought some amateur radio stuff from a fellow TexAger last month. Anyway, i think your money in the bank will likely vanish if there's a collapse, so might be better to do something with it now.

The graph spikes pretty consistently every 4 years. Not always, but a lot of times those 4 years line up with some event that happens the first Tuesday of November in those years.

Cant' think of what it is..someone help me out here.

Looks like we have another type of signal......Thats one hell of an economy you created, Joe.

Quote:

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Americans Pour Into Pawnshops, Selling Gold Jewelry As Price Surges

With gold trading at record highs, cash-strapped Americans are heading to pawnshops to sell their jewelry.

"People are using gold as an ATM they never had," King Gold & Pawn and Empire Gold Buyers owner Gene Furman tells Bloomberg. He says gold-selling traffic at his 5th Avenue location in New York City has more than tripled as gold has surged 17% off its 2024 low in February to now trade near $2,400 an ounce.

While some just want to take advantage of the price surge, others are compelled by price inflation that's put them in a financial bind. "Prices are high, and I need cash," 30-year-old IT specialist Branden Sabino tells Bloomberg, citing the burden of higher prices for food, rent and car insurance. A 55-year-old woman said she needed the money to pay for gas.

Most are selling jewelry, including many offloading inherited items with sentimental value that's now apparently eclipsed by all-time highs in gold. House of Kahn Estate Jewelers' Tobina Kahn says younger Americans' fashion sensibilities are also a factor:

Quote:

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"Young people are not wearing grandma's jewels. Most of the young people, they want an Apple watch. They don't want a pocket watch. Sentimental is now out the door."

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https://www.zerohedge.com/markets/americans-pour-pawnshops-selling-gold-jewelry-price-surges

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[url=https://www.zerohedge.com/markets/americans-pour-pawnshops-selling-gold-jewelry-price-surges][/url]




Grandma didn't give you the jewelry for sentimental reasons, she gave it to you because it represents real physical wealth.

BOOM! pic.twitter.com/VYz1ino4bT

— Peter Spina ⚒ GoldSeek | SilverSeek (@goldseek) May 17, 2024

$30 #silver pic.twitter.com/XYCdx8sVMt

— Peter Krauth (@peter_krauth) May 17, 2024

Let's wait and see if this holds or if Mr. Slammy comes calling.

Let me ask a personal question. For all of you folks confessing your "positions in PMs", what are we talking about? $5 or $10 grand or serious money?

guys, guys ,guys.

Cmon. We have the Top Men in charge. It's not like we have a jazz musician and social worker chairing the Biden Admin's Economic Policy Board or anything.

Looks like gold is sitting at a new high right now.

Hungry Ojos said:

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Let me ask a personal question. For all of you folks confessing your "positions in PMs", what are we talking about? $5 or $10 grand or serious money?

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You are honestly asking people to disclose that on a public forum?

Come on, fellas.

William Devane has been warning us about this for years!

Buck Turgidson said:

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Hungry Ojos said:

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Let me ask a personal question. For all of you folks confessing your "positions in PMs", what are we talking about? $5 or $10 grand or serious money?

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You are honestly asking people to disclose that on a public forum?

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Why is that out of line? They've voluntarily admitted that they have positions in PMs, I'm just trying to gauge how much. I was looking for more of a percentage than an actual number.

I may or may not have purchased an oz of silver back in the day around $12 at Dallas Gold and Silver Exchange just to see how the process went face to face with a guy at the counter. It was easy to exchange dollar bills for PMs but I haven't purchased any since.....

https://dgse.com/bullion/

Some people I know allocate 10% of their investments into gold and silver.

They've told me they used Miles Franklin and were happy with the price and service.
https://milesfranklin.com/

Andy is the CEO of Miles Franklin. Good watch on Youtube.

#silver Update pic.twitter.com/WlkcW6SqWd

— Andy Schectman - Miles Franklin Precious Metals (@MilesFranklinCo) May 17, 2024

AuAg should comment on this.

Grifters gonna grift, just crypto bros moving on to the next fad, trying to score a quick buck.

Thank goodness the adults are back in charge.

Hungry Ojos said:

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Let me ask a personal question. For all of you folks confessing your "positions in PMs", what are we talking about? $5 or $10 grand or serious money?

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My wife and I are gold and silver stackers. Wife started stacking in 2009 and I just started a few years ago. We are well north of the figures posted. Come to think of it, I might be north of that in lead too...the other precious metal.

Space-Tech said:

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Grifters gonna grift, just crypto bros moving on to the next fad, trying to score a quick buck.

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Gold has been around since the beginning of time, lib. Most people use it to hedge inflation. Comparing it to crypto is absurd.

At 4% inflation, which is about what we have with your fellow liberals in charge, the dollar will lose half its value in 17 years. Might want to consider some gold. Or hold on to your dollars while they fade away.

Space-Tech said:

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Grifters gonna grift, just crypto bros moving on to the next fad, trying to score a quick buck.

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What do you care? Its their money. Instead of complaining on a message board with your obvious envy get off your butt and learn or do something. Commies are disgusting do nothings and parasites.

BoydCrowder13 said:

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Logos Stick said:

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Space-Tech said:

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Grifters gonna grift, just crypto bros moving on to the next fad, trying to score a quick buck.

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Gold has been around since the beginning of time, lib. Most people use it to hedge inflation. Comparing it to crypto is absurd.

At 4% inflation, which is about what we have with your fellow liberals in charge, the dollar will lose half its value in 17 years. Might want to consider some gold. Or hold on to your dollars while they fade away.

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We've had 3 years of 4%+ inflation and gold prices are the same as they were in mid 2020.

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That doesn't negate what I said. It's not some get rich quick scheme.

I won't taunt the gold bros here…I'll let The Oracle do it

Quote:

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"(W)ith an asset like gold, for example, you know, basically gold is a way of going long on fear, and it's been a pretty good way of going long on fear from time to time. But you really have to hope people become more afraid in the year or two years than they are now. And if they become more afraid you make money, if they become less afraid you lose money. But the gold itself doesn't produce anything"

-Warren Buffet

Gold … has two significant shortcomings, being neither of much use nor procreative. True, gold has some industrial and decorative utility, but the demand for these purposes is both limited and incapable of soaking up new production. Meanwhile, if you own one ounce of gold for an eternity, you will still own one ounce at its end

-Warren Buffet

I have no views as to where (gold) will be (in the next five years), but the one thing I can tell you is it won't do anything between now and then except look at you

-Warren Buffet

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Is this a reasonable alternative to purchasing Gold bars and ingots?

You cannot discount gold's monetary value, to do so is a fool's errand.

The dollar is being driven off a cliff, at some point and it's inevitable, the dollar will be replaced as the reserve currency. Just looking at the history of reserve currencies, it's inevitable, the exact same pattern has repeated itself. It's going to happen.

What happens then? Your dollars will plummet in value, likely very suddenly and violently.

People holding gold will have the choice of buying new dollars or some other currency. The rest will be trying to trade ammo for food.

Gold isn't an investment where you're looking for financial gains.

It's a place to park money that doesn't lose value.

Fireman said:

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LMCane said:

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Ripper is on the right track- but more immediately its the efforts by the Fed Reserve to lower inflation to their target 2% have now failed, or at least appear to have failed in the last few months

which means that while Wall Street was literally betting on 6 rate cuts in 2024, that has moved to 5, then 4 then 3 now maybe 1.

so the markets were counting on lower interest rates, which now proves to be false as there will be higher rates for longer amount of time

it would be normal for the markets to fall- which so far they have not.

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I think we have the full picture with you and Ripper, and then keep in mind the markets are demonimated in dollars, so the continued weakening dollar at this point is offsetting hidden market declines. Those with assets can float up with the inflation. Poor people living paycheck to paycheck will get crushed, and then angry, and crime will continue to increase significantly.

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And that anger will be turned on Congress and all government entities while crime skyrockets

If you would like to invest in precious metals message me. I can ship nationwide and low prices. Class of '85. Let's talk.

Hungry Ojos said:

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Let me ask a personal question. For all of you folks confessing your "positions in PMs", what are we talking about? $5 or $10 grand or serious money?

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2% of my net worth is in PM ETF's. I'm up about 15% in both investments over past couple weeks I've been in. Apparently we are just getting started.

Logos Stick said:

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Ghost of Andrew Eaton said:

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This board does a poor job of prognostication on just about everything.

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Do you do any better?

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No, he just always drops by to fling poo and then scurry away. Best to ignore. Prob miserable IRL.