Silver sucks in Europe, cause there's the Value Added Tax on it. When I buy it, I have to pay 23% extra. Not a good deal :/ So even when buying on a budget, I'm going for gold, since there is no VAT on it.
$50 in 1980 in today's monetary purchasing value with adjusting cost of living and inflation into the variable would equate to be $700 ...... so when silver nearly reached the $50 mark in 2011 - there was that intention to put a massive halt to it - the monetary medium(s) of the world ( Central Banks notably ) did not want their inevitable end game to take place just yet. JP Morgan is buying up immense amounts of silver - the largest national bank and you wonder why? Many banks, countries, and main stream investors are buying gold and silver in large quantities. When the debt system of the Dollar was established - there was a clear Alpha & Omega spectacle the system and the Omega is quite near reasonably. The inception of the Federal Reserve System was the set in motion demise of the Dollar - subsequently the word "debt" began to appear on American paper notes. When Nixon took away the Gold Standard and the basis shifted to the Petro Dollar in 1971 - for many years prior France would buy immense amounts of gold in "Dollars" ..... the mere possibility that Fort Knox and the New York Federal Reserve Bank exercise gold reserves in existence by way of "paper" and not physical accumulation surreptitiously wouldn't be shocking to the mind - there has never been a government that never lied to it's constituents. Congress approved twice for audits to be done of gold reserves relative to the aforementioned - but no real transparency. Gold and Silver are real money. It's chief amongst all the fortifying monetary principality elucidated by the U.S. Constitution unencumbered by nothing else that shall not exceed nor stand above it. Over $20 trillion in Dollar Debt in the world - only over $1 trillion in documented dollar printed paper in existence - just shows the mediocrity and fraud of the debasement of the Dollar. Lynette - it would be to my understanding that the U.S. Government can only confiscate ( non business strike ) U.S. Gold minted coinage and not gold coinage ( business strike/non business strike ) of other countries that U.S. patrons may own?
Sept. 6, look at the price of silver eagles today on Ebay. With silver at $14.16 at this time, silver eagles are selling for nearly $20 each.....even if you buy the monster box (500 coins). Actually, the price is all over the place....some selling for $25 each (when you buy some of the monster boxes of 500 coins). So, sellers are raising the premium even as the "spot" price keeps dropping. In 2008, when the price dropped on both gold and silver, it was unavailable. You could pay in advance and wait for delivery up to six months.......maybe.
If you believe that the next recession will result in Venezuela, then your best investment is food and weapons. Note that Caracas has the highest murder rate in the world. You also might want to buy some property in New Zealand, like the extremely rich are doing.
In 2009 the S&P fell to a low of 720. It is currently at 2901, over a 300 per cent increase. In 2009. gold was at $720 an ounce. It rose to a high of $1890 an ounce. It has declined from the high in 2011 to $1200 an ounce today. It has failed 3 times to take out $1400. GDX, the Gold Miners ETF had a NAV of $20 in 2009 and rose to a high of $70. It has since declined to 18.55. Given that GDX tripled while gold bullion doubled, it would seem that GDX is the better investment.
even if you buy properties for cheap with gold , the government will find a way through taxation to take your asset away. we are living in different times. you can see it by looking at how much the old geopolitical strategies of the elite are failing !! not to mention the crumbling down of EU . at the end gold does not have an intrinsic value if not for its' real application as a metal. what does have an intrinsic value it people , and this is what the elite THIS TIME has to come to terms...
In Mike Maloney's series, "Hidden Secrets of Money" , he made mention that in a hyperinflation scenario, Governments will attempt to raise their employee's wages to keep up with inflation, over and above the public sector, to ensure the government will continue to function. As a state government employee, I am wondering your have any thoughts on this.
Hi, Lynette, is it possible now in Venezuela to buy real estate using the increased value of gold measured in bolivars. You mentioned several times that would be possible during a hyperinflation. My understanding is that real estate prices are also hyperinflating at the same time as the rest. Have you studied that? Would give a good indication for the upcoming hyperinflation in other countries: turkey, angertina,... thanks! You’re great!!
The thing is as soon as you leave property over there any one can occupy your home, you don't own it anymore. I cannot remember a relatively modest rich family in Weimar would trade their gold for property. They rather took care to gather food and extra stuff currency would not buy anymore.
9 September last day of jewish calendar, 9/9/18=1+8=9, upside down it becomes 666., bull rally started 9/3/9, lasted for exactly biblical 9 yrs n 7 days till 26th jan. , on 33 day of the year 2 feb diw jones correction 666 pts. Add 6*6*6=216, add 2 feb we arrive at 6 september.....!!!!!!
This is getting ridiculous, I live in Norway and I've been buying gold bullion coins (and they're hidden) and now you're saying oh no buy collectibles but here in Norway you pay a 40% premium on collectibles and the gold is not even 9999 it's 21 carat, enough is enough 👿
Why continue to push gold at a time when the G to S ratio is so out of whack? 84/1? I am one year in and have accumulated roughly 500oz of silver. 95% secondary market or junk silver. I do have some eagles, maple leafs, harmonics, pandas ect, very minimal. I thought about gold but did not see the return with the ratio being where it is. Inquiring minds...also. if silver goes to say 100 is anyone going to care about the premium? Are the additional premiums worth it in the end?
I think it wonderful that you & me can have an honest open discussion. Im a massive supporter of trump, & like him or not, he will b good for us metal guys. Paper stuff 4 today, metal's 4 tomorrow. Bless your nephews, i have 4 I'm thinking about.....
Your etf is paper crap.if u u made something good for you!! THERE are also silver ETFs that are making bullshit profits. Real thing in in your hands. . Yr from Phoenix. Arizona?? Good to see that satanist fake war hero sellout puppet globalist mcshitstain going to hell?? What do u think about this??
Trudeau legalized weed. my Canadian weed etf is up 20% in 30 days. but I do like my metal. I just think I am done stacking it. If what I have isn enough. then there will never be enough. I'd like to see a run, a good run. Maybe pay my house off. wishful thinking. Hi Gilbert I am in phoenix. Like a Phoenician my stack is to rise out of the ashes.
Hey Craig im from Sydney. Truejoke is the son of fidel Castro. Sorry but fact.maybe hard to accept?? Sold u down the toilet??? Keep the fight going with your metals. Maples = 999.9 this is purity!! The world isnt.stay with the right side & u will understand & WIN........
Man I'm on the wrong channel because I can afford gold. I've been buying silver because its the poor man's gold. You guys rarely told about silver and how important it is. Hardly any type of comparison on how silver will work as a working capital in the next reset. Sorry, but you're losing me because I can't afford gold. It's almost like gold's ugly step child.
People didn't buy out the silver from the mint. Approved companies that purchase from the mint and sell to us bought the mints supply. They will hold until the price goes back up. They are speculating like we as individuals do.
Almost caught me you're starting that music that horrific music right off the bat caught me off-guard I almost could not skin past it most multinationals are selling out more and more of their stock leveraging up leveraging up
Lynette, in reference to government pensions, look at what happened to Russian government pensions when the ruble collapsed. I understand that pensions were not paid for a time period and then the pensions were paid again. Of course the purchasing power was much less.
I've got a question. Since gold is gold no matter what part of the world we live in, does it matter what kind of gold one owns such as 1 oz gold coins such as Gold Eagles, Gold Maple Leafs, Gold Kangaroos, Gold Philharmonics during the reset meaning some gold coins have limited mintage such as this year's Gold Britannias one regular and the other in limited mintage of 5K whereas the rest have more than 5K mintage and Gold Libertads that have a lower mintage vs Gold Suisse 1 oz bars?
That certainly has been the word for a very long time and yes I do think we will eventually run out. Right now, silver is so inexpensive that the miners can't afford to mine it out of the ground. Mexico apparently has the biggest supply and are purported to be out within 5 years.
In 1933, FDR outlawed the private possession of certain types of gold. Some people feel that pre-1933 gold coins will be exempt from any kind of future restrictions. I'm sure Lynette will have more details to offer.
What happens to mortgages in Venezuela?? FYI I brought up that point a long time ago regards to what you can buy compared to Silver. And at the time it was something like 780 cartons of eggs for an ounce of silver. But I don't know who would give you all those eggs for an ounce of silver. It still makes me hopeful as an investor looking for something safe!
I think during the last confiscation that there were only a few token prosecutions as the state did not actively pursue those who held on to the gold. You may be sitting on it for a long time though. Who knows, I am going to stack a target amount of ounces and take my chances.
What if they just pass a law saying "it's illegal to own gold bullion (jewelry OK), and if you are caught it's 10 years in prison for being an enemy of the economy"... It's a rock an a hard place. If you turn in your gold, your family will be impoverished. If you don't, you risk missing your children grow up for 10 years!
RichH - Fully agree with you on the intentions of government. However by the time they have taken all the pensions and bank accounts the Sheeple will be wolves on the streets looking for blood. TPTB will I believe be more focused on putting that fire out than interested in going after us minor PM stackers. Just an opinion, who knows really🤔
A totally desperate government will do 'anything' to remain solvent. If one thinks that 'the sovereign' during a fiscal/monetary catastrophe has the welfare of it subjects to be its prime concern ............. .
Okay so in this Venezuelan scenario, I could have held 10 ounces of gold to safeguard my wealth, sure, but I could have simply chosen to move my savings into 9,000,000 eggs and stayed right on par.
Really though, so we are saying that gold increased in purchasing power about 2.5X, at least in terms of eggs, due to that revalue...right?
How about other things like real estate or cars.
the answer is yes. in venezuela you can buy a house right now for 1 ouce of gold. you can buy like 2 weeks worth of foor for 1 oz of silver there in real terms right now. the proprety is sketchy though as it could esisly get siezed so id say thats a no go unless you have a small army to defend it.
you'll get eaten up with the premium buying 1/10th at a time either save until you can buy an oz or change direction and buy silver. the ration say silver anyway. don't buy 1/10th oz gold at a time.!! Do not!! 140 a month is like way 8/9 oz of slv?
Im loving these low prices in the metal market. Im stocking up as much as i can but not 100% my portfolio. somewhere around 50%+ i think is a good right now but prices might keep going down but 10 to 12 is bare bottom for silver and i dont expect that so yeah. i cant wait for the bubbles to pop so i can sell it all and convert it in to land and a home. i feel this crisis is gonna be a dream come true for me lol.
fourtunenetly im still young enough to wait 10 to 20 years but i think its gonna be more like 5 years. but for people who are older should be looking at it at a generational wealth type thing that isnt taxed when you pass it on. like everything else will be.
My hope with the Gold is that I never have to touch it and just pass it on. It will hopefully just give me peace of mind in my retirement as an emergency in the background fund only. I hope to finance my retirement through other means. I like the idea of buying a house for a portion of Gold but don't know how that would work, something to keep an eye over the years ahead I suppose.
same ive looked into small island in america and too expencive for me so ill have to look over seas maybe where sound money goes farther but if not ill just set up near a river or lake and will be good enough im looking for a place with some mountains and good seasons but never too cold. i live in midwest USA and i think if i move a few states south id be good. maybe ill look into the same general latitude around the globe and see though might be better to achive this dream somewhere in asia but their almost more issues there then here once you get down to it.
I was visiting my brother last week. We went on a boat trip across a big lake. The lake had 360+ Islands. A business man had bought six in a cluster. I could see the wind turbine as we sailed past the main island. He has cattle on one of the islands, vegetables etc etc. Lovely house on the main island very secure. Talk about being prepared. I want to be him!!!
I am guessing everyone would want to know, where does one go to sell that ounce of gold to receive the 296M in bolivar ? So, we know that would be impossible to go to the bank here after said inflation and receive (a guess) 800K for that 1 ounce of gold. Thus, all one can really do is HOPE that the market person would be willing to take a smaller amount of GOLD for the EGGS.
This is where Lynette's explanation of OWNING some smaller denominations of Gold because in this situation, an OUNCE of GOLD in Ven. would be tough to change...
There are 3 major pitfalls with reaching consensus around the outcome of an event.
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Capital Markets Blockchains Are Finally Getting Go-Live Dates.
Assembled in New York this week, a handful were even confident enough to give firm timetables for production. For those tired of blue-sky talk, it was refreshing to hear large-scale financial infrastructure projects discussed openly and frankly, in clear terms of where they are and when we can expect to see things going live.
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In the weeds.
The enormity of such a project may not be obvious to those unfamiliar with the creaky plumbing of the capital markets.
At the completion of phase one, DTCC will have nodes set up internally for every firm that it knows will run one, plus some general nodes that will take care of supporting the transactions and processing for the firms that do not wish to support a node of their own.
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