37 thoughts on “Golden rule”

  2. A data point to calculate over, but any P.M.s prices are so subjective related to the macro economy that it should not be one’s “Schizo Trigger” to spaz out over and loot the wife’s egg and butter fund to “buy moar”. The 1% has market shennagins (manipulations, refinery fires?) and fake news reporters on speed dial to cause minor swings in pricing, call options, futures, shorts etc that it is just normal profiteering using those system nuances. The systems in our daily lives runs on FRN, dollars, and digital transactions, that is basically it. A base low ratio percentile holdings of liquid assets in P.M.s is as cool as the metals pimp’s style, but don’t over do it like those gun fan boys, diversify your portfolio. A parallel strategy along with P.M.s for collapse or post .gov functioning would be alternate income streams still viable and functional post spicy times. I have to work on my own gray market viability, and post spicy resilency, much more than follow any Jim Cramer deep state shill’s bad economic advices out there. Keep those discernment ( b.s.) filters up and operational out there and stay frosty.

  4. Gold & its friends have their own collective ‘mind’ it seems. It anticipates something very bad is afoot, and it’s probably right.

  5. When I compare physical gold and many of the other PMs to other financial metrics (S&P index, interest rates, bond yields, etc.), while gold (PM as a “storehouse of value”, not investment coins) may have followed traditional paths and trends years ago, from what I can see these days, gold’s movement is not always what we’d expect – ya’d think that if the economy goes down, that gold would have to go up – but, so many times, I’ve seen it go down, as it gets grouped in with other commodities. Like when the standard advice was to hold a mix of stocks and bonds because when the market went down, bonds would go up or at least hold value – until they didn’t. I’m 73 and I admire you guys all prepped up for a SHTF event – if\when it happens, my S is gonna hit the fan, and I’ll be on borrowed time – I’ve accepted that – I’m trying to do the best I can now, One Day At A Time.

    • Gold’s price, as I understand it, is ‘disconnected’ from reality because it’s pricing is a combination of physical and paper gold. And paper gold, as we all know, is just…paper. At least, I think thas how it was explained.

      • Gold & silver prices are determined by its derivative (paper contracts) that are easily manipulated by the algorithms. Physical demand has very little to do with current pricing, but this will change when the fraud is exposed and paper is rejected.

    • This is true. Its just a lot easier to explain it as ‘gold going up’ rather than ‘dollar going down’.

      • It’s not really that hard, except for Common Core grads.
        For nearly a century, starting in 1837, gold was going for $20.67/oz. (And that was only a trifling increase from the 1793 price of $19.39/oz.)
        It’s now going for $2,055/oz, give or take.
        Which is just a polite way of saying your current dollar’s actual worth has declined 99.4% in the last 90 years, and is now worth $0.006, i.e. 6/10ths of 1¢, in real terms.

        People are worried we’ll soon have to start printing extra zeros on the currency.
        I’m not.

        I’m pretty convinced they’ll just line out “United States” and stamp in “Zimbabwe” on greenbacks, to manage expectations appropriately, at a much lower cost.

  7. I’ve also noticed that the Dow is spiraling upward like a rocket missing a tailfin, for no plausible reason… This has happened before, and the aftermath has been disastrous…

  8. Watching and reading various things on PMs gives some clues into what some smart people are doing. JP Morgan didn’t’ get rich by making a lot of bad moves and they are buying and selling a lot of silver. Large banks and countries are buying up gold.

    Some shops are having so much silver coming in due to people being broke and needing money they are NOT buying 100 oz or kilo bars. When the premiums come down, that means they are trying to sell more.

    Rumors report the DOD is starting to panic buy silver. One tomahawk missile has 500 ozs of silver in it.

    All the gold ever mined would fill about three Olympic sized swimming pools. All the platinum would fill one pool ankle deep. Gold being at the all-time high and platinum less than half of it’s all-time high leads me to believe that I need to buy more platinum, but gold and silver aren’t off the table.

    • The claim that “a Tomahawk cruise missile contains 16kg of silver” gets b.s.-flagged more online every time it’s dragged out than a White House press briefing.

      I wouldn’t want to bet anything of value on the probability it’s correct.

      Just saying.

      • From Quora-James Mac
        Former Retired US Military at United States Navy (USN) (1985–1997) The block V series has about 15kg’s of silver in it, split between wiring, hardening, countermeasure systems, and battery units. What the block Va and Vb series contains is still not a published bit of information

        • Saw that. Most of it is supposedly the battery.
          And the comments by current and former aerospace engineers all amount to a flock of b.s. flags. for a one-shot weapon system.

          Kind of like $600 hammers and $800 toilet seats.

          16 kgs of silver that’s imaginary per Tomahawk times a few thousand missiles provides pretty deep pockets for things you don’t want to publish in an open-source budget, just for openers.

          And it isn’t like DoD has never fudged things for that purpose, so the stat, and source, still has the odor of fish about it.

  9. The price of PMs is meaningless when its the value we should be seeking. One who prices PMs in fiat terms, doesn’t understand the game.

    • This reminds of the reddit /gundeal thread where guns are priced in HiPoints. A $600 Glock is 4 HiPoints.

  10. No worries the powers that be will just print a bunch of paper gold certificates or ETFs to reduce the price of gold to lower the price of it to keep it artificially lower so as to not scare the mere peasant.

  11. Was talking to dad . He said his 1976 dodge was equivalent to 22 ounces of gold then.

    A loaded dodge truck at 70k plus is 35 to 37 ounces of told today .

    Gold is cheaper than it was in 1976 if valued compared to pickup trucks .

    Gold at 2100’ is not high !!! The paper
    Money is pure trash .

  12. Gold? I don’t have any. I _DO_ have a stockpile of precious metals; small ingots of lead, mostly in copper wrappers, and packed in small brass dispensing containers. I have a LOT of those, in various cal\\\diameters.

    Gold might be useful if the CURRENCY were about to collapse. I’m more concerned about the coming collapse of civilization.

    • But, often, the collapse doesnt happen in the snap of fingers. It happens over a period of time. Could be weeks, could be months, could be years. Think of the collapse as a flight of stairs – at the top is the Good Life where water flows, electricity is on, trucks deliver food, and jobs are for the taking. As the bottom of the stairs is post-collapse MadMaxville. The steps in between the top and bottom are gradual changes. At the top of the stairs, the ammo isnt’ much of a barter item, at the bottom of the stairs the gold isn’t much of a barter item. Its on the steps going down is where the gold comes in handy.

      • Ammunition was pretty worthless in the last Great Depression unless you were on the FBI’s Most Wanted List, for cause.

        Nothing is the be-all, end-all. Diversification is always good strategy.

        And the only winning ability is adaptability.

        Everything else is secondary.

        • Farmable land was the best asset during the Great Depression. People still had to eat even the elite!!

          • Ask the Dust Bowl refugees,or General Robert E. Lee(Arlington Plantation), anything non portable has huge risk and farming without power equipment is back breaking.

          • VT,
            The dust bowel while devastating was still localized and related more to farming practice of the time rather than the weather. Other areas such as Southern California and the Rio Grande Valley of Texas continued to produce abundant food crops. Land is still historically the best holder of value. Like they say they are not making any more land. You just have to define what your objectives are and purchase land that meets those defined objective.

      • Well said, CZ. Its the old saw about how do you boil a frog? if you drop it in boiling water it will jump out. If you gradually bring it to a boil by the time it knows what is happening it is too late and the frog dies. There are a lot of frogs out there! TTFN Phil

  13. Come on guys. It’s Just Uncle Dummy getting ready to steal Christmas. Like his hero Franklin Dumbass Roosenfeld. Old Dummy wants to out Roosevelt Roosevelt. Pretty soon they will be singing Crappy days are here again just like in the 30s when Frankie the non economist fouled up everything he touches.
    Are at building Roosevelt’s Ranches. If the old Dementia patient can find enough empty chicken coops and pig styes. But I’m sure he can. As long as this asshole does run out of OPM. Other people’s money.

  14. The problem will be that only the truly wealthy will have enough PMs to hire the capable people to protect themselves and theirs while they use/barter/broker their PMs. Most of us in that situation would end up dead on the street with our pockets turned out, so I’m more in the camp of improving my stash of deployable small metal bits and increasing long-term shelf-stable food and water filters. At the same time, I will be improving my offensive and defensive training, as well as tactics, long-term strategies and quartermaster skills while attempting to maintain my Gray Man image.

  15. Always liked the story of the golden fleece ,would like a little piece of nowhere with some real income(Alaskan mining claim with recoverable deposits w/o much damage to lad or water)

    • So we name Biden the Tin plated Fleece. His daddy was a used car salesman. So he got a fine tutorial on lying at pappas knee.

Comments are closed.