[The-Shoveler]

The Issue as I understand it in NYC currently is that the rich (in which most the cities taxes comes from) are not in a hurry to return and may never come back especially since NYC wants to increase taxes on them to pay for all this.

Actually same issue for LA.

[The-Shoveler]

hmmmm
My father used to tell me the only true sources of wealth are Manufacturing and Agriculture.

Buffet always kind of reminded me of my Father in a way.

But all this MMT and money printing does make me a bit nervous to tell the truth.

[The-Shoveler]

Sometimes dumb things still go up LOL.

[The-Shoveler]

Yea that kind of caught my attention.

But still not a buyer here near 2K oz.

Just My opinion

[The-Shoveler]

I was talking to a realtor in TV,

No way to verify but he said that last house he sold had 40 offers.

[The-Shoveler]

Don’t know much about her really but she seems very much in the middle (not to the extreme left).

Probably a good choice for Biden.

Despite all the noise and headlines etc.. the Majority still want a middle of the road candidate to vote for.

[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).

[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.

[The-Shoveler]

But what if it was backed by Gold, then it would not Matter LOL. we could just be super rich dumb asses

Bits in the air, anyone knows how to do that nowadays.

[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.

[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.

[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.

[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.

[The-Shoveler]

Wow once again Silver roaring ahead, 28 something this morning.

I wonder if this is forced short covering.

[The-Shoveler]

I vote for the pirate method, only leave a really vague treasure map that you have to figure out clues like a puzzle.

[Author]

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