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scaredyclassic
Participant[quote=The-Shoveler]Dollar making a comeback today,
Some analysts are saying Gold overvalued here.IMO Its not really possible to put a hard number on gold as it has not much real piratical value so it is whatever anyone is willing to pay IMO.
Silver has piratical Value IMO but that may actually work against it in terms of how high it can go (and how long it can stay there for any length of time).[/quote]
The question is, overvalued compared to what?
Tesla?
Cash in bank?
Nasdaq?
Silver?
Bonds?You gotta put money somewhere. To say something is overvalued requires a specific thing to measure against. so, overvalued against what?
It also requires a time frame. Overavalued against that asset today, or 3 years hence, or 10?
In a world of asset inflation, why is gold not part of that club of assets that can double or triple for no real reason?
Gold is almost like a schoolmarmish scold, a lecturer of limits, of the silliness of so many business ventures and the hubris of great leaders and nations and central banks. we want it not to
exist, because it’s so heavy, slow, incapable of being doubled and redoubled at a moment’s notice. it just is.but if its just a pretty, useless trinket, why do countries clutter their bank reserves with shitloads of it? It is not a useless trinket.
If anything is true, it is a store of value. how reliable a store is up for question, but it is not a trinket.
I dont know. But it is funny how much trust we have in bits of paper and promises, including gold etfs, and how little faith we in general have for the universal money that will survive the downfall of every current nation on earth.
Personally, the risk of holding a hard asset to me seems greater than the risk of holding paper promises. so i am not contrarian in terms of being a guns, gold and MREs type person.
I believe in the SEC. I believe in financial markets. I believe in vanguard.
And I like having most of my retirement money in the stock market, cause, like, when you live in a society, you’re kind of forced to live within the normal strictures of it all. you cant fight the fed, as they say. the market is the main game in town.
But in times of uncertainty, what is that value of an asset that will always exist and always have value, independent of any nation or its debts or prospects? with extra cash sitting around, what does one do?
And isnt the lesson of the times not to sell when an asset is merely overvalued, but when its in an absurd bubble, given the money sloshing about the system?
I may have no perspectives, but stocks seem like a silly bubble, with no end in sight, and gold seems about fair value.
Participant[quote=The-Shoveler]I was listening to a podcast about just that today,
Dealers want to buy spot, but sell with a 20% (sometimes 30%) premium.If you can sell private party maybe you could get some of that.
The Guy on podcast was recommending some type of Physical holding type of big banking outfit, IMO you may as well just buy an ETF if not able to hold in your hand LOL.[/quote]
https://sdbullion.com/blog/bullion-direct-owner-faces-50-year-prison-sentence
yep. trust no one. this asshole’s still out after getting convicted witha 10 y sentence. He ran a site sellign metals, “stored” them for you…stole i think 20 million?
Participantquestion; will physical gold and silver diverge from paper god/silver price?
silver will hit 30$ tonight.
Participant[quote=The-Shoveler]LOL not likely IMO, but if we did we would just trounce China’s net worth by say a factor of 20 or something like that so maybe that would be good for the usa.[/quote]
it’s a big world and we are now perceived as dumbassses. Other countries can mvoe to make alternatives. bitcoin maybe be just the beginning. digital gold backed chinese currency? why not? do you really have any faith in the ability fo the us dollar to retain value over the next 20 years or to be the world’s reserve currency in 2050? I’d bet, no, no it will not. we are too dumb to be trusted much longer.
The only sure bet is that 1 dollar in 2040 is going to be worth a small fraction of a dollar today.
LOL
Participant[quote=The-Shoveler]The united States has more than twice as much Gold in both private and gov holding than any country in the world, put all of it together it is less than 1 trillion Dollars currently.[/quote]
right. currently. just multiply that trillion by 5, 50, 195, 500, make the numbers work.
actually, maybe that’s happening now. who’d have guessed that just printing a trillion here and there when your country gets ill could have unexpected effects?
Participant[quote=The-Shoveler][quote=scaredyclassic][quote=The-Shoveler]IMO Silver gets much higher it will become too expensive to manufacture solar panels etc.. then the fed’s will step in like they did when got into the 40’s the last time.
Fed’s don’t give as crap about Gold so it can go as high as it wants.[/quote]
Historically feds stole your gold.
https://www.usgoldbureau.com/gold-confiscation%5B/quote%5D
That was back when the world economy was a tiny fraction of today’s world GDP, you could not realistically go back to the gold standard today.
just not nearly enough Gold in the world to do that for any major economy.[/quote]why not? Just rejigger the numbers. 1 oz gold worth 20,000
Participantif one bitcoin can be worth 11k, why cant an ounce of gold be worth 11k? i honestly don’t know. i guess mining cant ramp up for bitcoin same as gold…but still. 5k? what is to keep things from going nuts?
interestingly miners stock lagging. not sure what it means. i almost always have a feeling things are going to shit, but now i feel like things are really going to shit. so maybe everything’s fine. im also contrarian on my emotions.
reading SPQR, history of ancient rome. they had some ups and downs too. fun read. history is good for old men, calms the nerves. i wouldnt mind going back to school reading history
Participanthttps://www.bbc.com/news/business-48177767
UK sold at low 20 years ago. should be trumps final dumb move. Selling Gold of united state before it goes up bigly
Participant[quote=The-Shoveler]IMO Silver gets much higher it will become too expensive to manufacture solar panels etc.. then the fed’s will step in like they did when got into the 40’s the last time.
Fed’s don’t give as crap about Gold so it can go as high as it wants.[/quote]
Historically feds stole your gold.
ParticipantWhen you think u cant lose, u can
ParticipantHiding things is such a bad idea. I lost a watch this way
Participant[quote=sdrealtor]My sister told me she and her husband have about 600 Silver eagles. Asked me what to do with them? I said sell em to scaredyclassic[/quote]
make really nice gifts too.
Participanti only buy paper. nothing real. thanks. except i am in the market for a giant mesmerizing pearl.
https://www.theonion.com/financial-experts-recommend-americans-set-aside-giant-m-1844617007
Participantthe other retro method is silver ware.
eat with your investment.
not safe for machine washing.
silver may be the best forking investment of the year. it can be scary to catch a falling knife. but you’ll spoon up the gains. the setting is perfect.
i cant get into this method though, because you ahve to handwash silver. who the hell would do that?
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