Heineken-Ashi said:

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BassCowboy33 said:

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Logos Stick said:

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You guys should all buy NVIDIA instead. Sell your paper gold indexes and buy NVIDIA.

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This. Tech markets rebounding nicely from last week's overreactions.

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Bookmarked

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I mean, markets go up and down, lol. It's not like some kind of long-term prediction. It's like bookmarking that ice cream is cold.

BassCowboy33 said:

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Heineken-Ashi said:

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BassCowboy33 said:

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Logos Stick said:

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You guys should all buy NVIDIA instead. Sell your paper gold indexes and buy NVIDIA.

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This. Tech markets rebounding nicely from last week's overreactions.

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Bookmarked

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I mean, markets go up and down, lol. It's not like some kind of long-term prediction. It's like bookmarking that ice cream is cold.

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You responded in support of a post saying to buy NVDA and sell GLD. I'm simply bookmarking the post to revisit later this year. Let's see how it plays out.

Heineken-Ashi said:

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BassCowboy33 said:

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Heineken-Ashi said:

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BassCowboy33 said:

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Logos Stick said:

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You guys should all buy NVIDIA instead. Sell your paper gold indexes and buy NVIDIA.

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This. Tech markets rebounding nicely from last week's overreactions.

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Bookmarked

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I mean, markets go up and down, lol. It's not like some kind of long-term prediction. It's like bookmarking that ice cream is cold.

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You responded in support of a post saying to buy NVDA and sell GLD. I'm simply bookmarking the post to revisit later this year. Let's see how it plays out.

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Gotcha. Makes sense. I expect NVIDIA will dip in the April Q1 report until Blackwell really gets rolling. The second half of the year is where I think it'll hit its stride.

But I've been wrong before... a lot.

Looking for the gold at Fort Knox … pic.twitter.com/YVGQvBfwVt

— Elon Musk (@elonmusk) February 17, 2025

Not a good sign when your loudest mouth piece is claiming "we got no gold".


However I can see this being a Trump Art of the Deal thing. Scream the headline to grab attention.

After the audit = The Gold is there and there is more than we expected. (either that or show geologic surveys that we have billions of oz in the Grand Canyon and within the US)

Then they show how the LBMA/CME and banks have been using paper derivatives to suppress price for decades and revalue gold to a new level to dramatically reduce the debt to GDP.

Assuming 8,500 tons - $5000 to $10,000/oz works to cut into the debt but $125,000/oz eliminates the debt altogether.


If BTC is digital gold at $95,000, shouldn't actual real gold have the approximate value?

Logos Stick said:

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Scoopen Skwert said:

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So where does one buy gold bars and coins?

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I don't trade a lot of physical gold and silver but those that do trade the stuff heavily say to buy bullion and not coins.

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Why?

MagnumLoad said:

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Logos Stick said:

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Scoopen Skwert said:

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So where does one buy gold bars and coins?

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I don't trade a lot of physical gold and silver but those that do trade the stuff heavily say to buy bullion and not coins.

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Why?

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Why not? Buy a little every now and then and just throw it in the safe. Dole some of it out as gifts for birthdays or Christmas. Hell, tip the waiters or waitresses with it.

MagnumLoad said:

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Logos Stick said:

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Scoopen Skwert said:

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So where does one buy gold bars and coins?

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I don't trade a lot of physical gold and silver but those that do trade the stuff heavily say to buy bullion and not coins.

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Why?

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Bullion can be in coin form. Buy based on content/purity and not in numismatics or collector value

$4,000 an ounce in 30 days?

Y'all remember when the crude oil market spot price went negative?

Remember when somebody would pay you $50 per barrel to take possession of a tanker of oil?

I remember that...

Panic buying….right up my alley

What would happen to gold ETFs?

Haha ya. Wild. Trump bought it up didn't he? Then Biden used it to lower gas prices lol

Posted the below X thread and video on a Business / Investing thread a few days ago. In the interim have continued to see more voices chime in around a loose idea of what might be going on behind the scenes, assuming there is anything.

The quick summary is that there has been a massive amount of physical gold shipments underway lately, much of it coming to the US. The party taking possession seems to be unknown but market speculators note that the purchasing activity seems to be price agnostic and when considering the volume being shipped there's speculation its the US Treasury repatriating all the metal.

The theory circulating in some circles is that the national debt is unpayable, social security, debt interest and other mandated spending programs are going to overtake the entirety of the national budget in a matter of a few years, leaving all discretionary spending (military, day-to-day bureaucracy, etc) as requiring deficit borrowing to fund. Part of this, at least, is not hyperbole - the entitlement programs are a time bomb and Congress is not dealing with it.

The theory goes that there's a unified theme behind DOGE, the tariffs, the new US sovereign wealth fund, the "department of external revenue", boosting domestic employment, re-onshoring industry, handle the growing debt bomb, etc. which is going to entail devaluing the Dollar to promote exports and make the US competitive on the world industrial market while simultaneously collapsing the notional cost of paying off the debt, then revalue the dollar to be tied back to gold (hence why it all needs to be on-hand and be audited) and thereby "permanently" restrict Congress's ability to run a deficit. Even ties together the "golden age" moniker and Trump's somewhat frequent reference back to when we did not have a federal income tax.

Now to make that happen requires massive, massive, inflationary movement in the dollar which would obviously cause a lot of internal distress. The theory goes that can be mitigated by increased wage growth provided there is economic activity and a robust export market, or investments pouring in from other countries (e.g. what Trump has been openly soliciting from other countries). But during that interval of adjustment there will be a high level of inward focus to manage the economic transition, meaning you absolutely do not want to be involved in any external conflicts. Hence winding down Ukraine-Russia & Israel-Palestine conflicts. Meanwhile China is embroiled in their own deep real estate bubble bust and relatively distracted with their own problems, so the timing could be argued to be "as good as it gets."

Generally not one to buy into conspiracy theories, but for once this one seems to have some odd mojo around it, particularly given what's actively going on in the gold market and comments made by both Howard Lutnick (Sec. of Commerce) and Scott Bessent (Sec. of Treasury). Added together with Trump and Vance's business knowledge and connections through NYC finance & tech there's an unusually lot of 'coincidences' which you would sort of expect to see happening if something like a currency reset were to happen.

1/ Buckle up. There’s a massive move happening in the gold market that almost nobody’s talking about. Huge physical deliveries. Shortages in London. Gold flowing into the U.S. at record levels. Someone with deep pockets is scooping up gold—likely the U.S. Treasury or Fed.

— matt.smith (@mattpheus) February 12, 2025

...or it's all tinfoil hat malarky.

I enjoyed the video when you shared it a few days ago.

Also begs the question would we re-establish the 16 to 1 ratio or some form of it

Great article on the why the physical movements are happening. Summary, $20 price difference with NY higher than London due to tariff concerns. It creates arbitrage for traders to buy physical bars and transport them to NY to sell at a higher price.

If Trump were to implement 25% tariffs across the board, gold would be as much as 25% higher in the US than London. The market has priced some of that risk into it and people are reacting according to this incentive.
https://fortune.com/2025/02/14/trump-tariffs-jpmorgan-flying-gold-london-new-york-arbitrage/

I need to rewatch it in light of the "totally unexpected" calls by Musk and the X echo chamber to audit Fort Knox today.

Like I said, generally not one to buy into these sorts of things, but there does seem to be a lot of pieces on the board and the players are generally who you would expect to be involved were it to go down....and as a hedge I see no serious risk in actually buying some gold or other hard assets right now.

If nothing else, it's forced me to learn about when FDR did much the same thing in devaluing the dollar relative to gold just by executive order in 1934, and Nixon undoing Bretton-Woods and moving off the gold standard in '71 just by issuing a directive to the Treasury Secretary (John Connally, for whom the TAMU System building is named, by the way).

Great summary of what's going on.

Only thing you missed was the daily price manipulation by the banks and LBMA/CME.

Mr. Slammy is real.......



And oh BTW. Once the retail "investor" gets wind of this it's going to get Biblical.

The pre-covid Toilet paper rush is going to look tame in comparison.

APMEX and now SD Bullion? Probably nothing peasants. pic.twitter.com/iKOUhJ28Ss

— The Dude (@Thedudesetx00) February 18, 2025

Like it's a tv script:

.@POTUS: "We're going to go to Fort Knox — the fabled Fort Knox — to make sure the gold is there." pic.twitter.com/nFKlTDGXaO

— Rapid Response 47 (@RapidResponse47) February 20, 2025

When he says golden age he means it

I just checked cnbc. Gold is up 1.19% and silver is going nuts. The tag line is "trump tariff worries keep gold near all time high."

Yeah morons that's what it is. Not reckless spending with a worthless dollar propped up by forever war. It's not that Comex and other vaults haven't been manipulating the prices for years by selling paper shorts with no actual metals to back it up.

I've made a few good investments in my life. The last four years of buying silver and gold have been fun. I enjoyed it so much and it never felt like I was spending money just changing a **** dollar for the hard stuff.

This **** is about to get crazy. I love seeing the Johnny come lately mentality after years of ridiculing us stackers as survivalist nuts.

Thank you to the banks and the covidiots.

General Jack D. Ripper said:

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I just checked cnbc. Gold is up 1.19% and silver is going nuts. The tag line is "trump tariff worries keep gold near all time high."

Yeah morons that's what it is. Not reckless spending with a worthless dollar propped up by forever war. It's not that Comex and other vaults haven't been manipulating the prices for years by selling paper shorts with no actual metals to back it up.

I've made a few good investments in my life. The last four years of buying silver and gold have been fun. I enjoyed it so much and it never felt like I was spending money just changing a **** dollar for the hard stuff.

This **** is about to get crazy. I love seeing the Johnny come lately mentality after years of ridiculing us stackers as survivalist nuts.

Thank you to the banks and the covidiots.

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Honestly, I bought the tariff angle in the beginning. Why? Because this not the first time this has happened.

After some poking and digging around, tariffs really doesn't have a thing to do with it. That is just a mainstream narrative to undermine the Trump administration and protect the banking cartel...likely a CIA memo to the press to run a particular story.

I'm starting to believe that Trump is about to re-value the gold we have in the vaults...and hopefully it's all there or on the way back to our shores. Gold currently sits on the books at $42.22 an oz. If the USA re-values gold, then every nation holding gold benefits. The countries with little or no gold will be in deep stink. Their fiat will become more worthless than it already is. This gold issue could have immense, wide-reaching, economic ramifications.

It's tough to take this gold and silver market seriously because of the paper market manipulation. With Trump being a wild card, no pun intended, we could see a real shake-up in the world monetary system.

Isn't there an old trial lawyer saying...."Don't ask the question, if you don't already know the answer"


If the gold isn't there (or at least gold plated tungsten bars), why would he propose an audit?

A live stream audit of an empty vault, leads to the complete destruction of confidence in the US and the dollar (within about 24 hours or sooner). It's essentially pushing the button to unleash total chaos upon the world.


Trump may be a lot of things, but he's not completely insane like Hank Scorpio

Agreed - they already know it's there.

People forget that there was a visit to Fort Knox in the middle of Trump's first term (2018) by then Treasury Secretary Steven Mnuchin (and even Mitch McConnell).

https://www.cnn.com/2018/05/18/politics/steve-mnuchin-flights/index.html

Trump has hinted at wanting to do 'this' in his first term and covid threw it all off track. It's not really even reading tea leaves at this point - they're openly motioning to prepare the market and foreign powers to minimize volatility.

My opinion: a president's time is one of his most valuable things and Trump in particular feels the pressure of the clock ticking down to the midterms, which campaigning will really kick off later this year. He's not going to idly waste chunks of his administration's limited months of unabridged control over the levers of government.