Daniel Lacalle, economics professor, Mises Institute analyst, and publisher of the QTR’s Fringe Finance Substack, just posted a chilling summary of where we’re headed.
I’ve followed Lacalle for years and planned retirement around a similar perspective. Got into metals over a decade ago.
BRICS meeting coming up will provide an insight into how fast the USD will turn to confetti. Most USD’s are held outside the US so how the Global South+ countries react will be telling.
As often said, gold/silver is money; everything else is just debt.
If gold/silver are currently rising at a rapid pace (G-$2,675, S-$32.22) and the inflationary dollar is basic falling, or loosing value, at a faster pace, how do we justify trading gold or silver for US dollars? We have a plan to hold the Gold and sell a quantity of silver for US dollars and then exchange the dollars immediate into contractual value or tangible assets, but believe that timing is of the essence. What are your thoughts? And, if you had a crystal ball, when do you feel is the best time to make the silver trades. As of right now, smart money says, “Hold On To The GOLD” But, what do you recommend, John..?
I too would like to see more discussion on your question Fredy. Gold is generational but how and when will we ever realisticaly use the silver. It has been knawing at me for years...
The only problem I see is if AI is really the answer to our dreams, then AI will be guiding their buyers toward specific stocks.
Yet, the present owners of the same stock would also be told by AI that their stock is solid and keep holding.
Consequently, both the buyers and sellers will be on the same treadmill. Since It still takes a seller and a buyer to make a market, I’m beginning to believe that this AI craze is just a fools errand.
Well hell! This would be no problem at all for AI to solve. Or, whut about a presidential study group to look into it? And look at the $2T in student debt. That surely must have bought some smarts? Maybe that will pay the dividends that will satisfy the debt? And the government passed the recent inflation reduction act, right?
What about taxing unrealized capital gains? Heck ol Musk could probably pay it off out of petty cash?
Chacun pour soir! Unfortunately! Has anyone else read "The Black Obelisk"?
John. Greg Manarrino is organizing a lawsuit against the Federal reserve. Last two days have been talking about it. This is Yuge. We need constitutional money
I’ve followed Lacalle for years and planned retirement around a similar perspective. Got into metals over a decade ago.
BRICS meeting coming up will provide an insight into how fast the USD will turn to confetti. Most USD’s are held outside the US so how the Global South+ countries react will be telling.
As often said, gold/silver is money; everything else is just debt.
John,
If gold/silver are currently rising at a rapid pace (G-$2,675, S-$32.22) and the inflationary dollar is basic falling, or loosing value, at a faster pace, how do we justify trading gold or silver for US dollars? We have a plan to hold the Gold and sell a quantity of silver for US dollars and then exchange the dollars immediate into contractual value or tangible assets, but believe that timing is of the essence. What are your thoughts? And, if you had a crystal ball, when do you feel is the best time to make the silver trades. As of right now, smart money says, “Hold On To The GOLD” But, what do you recommend, John..?
Thanks, Fredy
I too would like to see more discussion on your question Fredy. Gold is generational but how and when will we ever realisticaly use the silver. It has been knawing at me for years...
The only problem I see is if AI is really the answer to our dreams, then AI will be guiding their buyers toward specific stocks.
Yet, the present owners of the same stock would also be told by AI that their stock is solid and keep holding.
Consequently, both the buyers and sellers will be on the same treadmill. Since It still takes a seller and a buyer to make a market, I’m beginning to believe that this AI craze is just a fools errand.
Well hell! This would be no problem at all for AI to solve. Or, whut about a presidential study group to look into it? And look at the $2T in student debt. That surely must have bought some smarts? Maybe that will pay the dividends that will satisfy the debt? And the government passed the recent inflation reduction act, right?
What about taxing unrealized capital gains? Heck ol Musk could probably pay it off out of petty cash?
Chacun pour soir! Unfortunately! Has anyone else read "The Black Obelisk"?
Don't forget the .gov 'Missing Money' estimated to be $115 TRILLION by Dr. Mark Skidmore:
https://usawatchdog.com/financial-system-fake-la-la-land-dr-mark-skidmore/
BTW I could not find this on goolag - had to use yandex to find it.
To all who saw this playing out in 2008 good on you, and by now are miles ahead of the flock.
As time goes on things likely will deteriorate at an accelerated pace.
Add into the cake mix a major war and a 2nd stolen election possibly in the cards and it’s all but certain the future is less than ideal.
A potential hope for an exit to this dilemma is an alien invasion or meteorite strike.
Oh my god. This is so depressing. It’s so easy to see. And yet - it seems unstoppable. What a crime. What a generation of “leaders“.
The Wheel In The Sky Keeps On Turning
I know where I'll be tomorrow. You?
This all leads to where it must.
In the meantime the financial markets are abuzz.
John. Greg Manarrino is organizing a lawsuit against the Federal reserve. Last two days have been talking about it. This is Yuge. We need constitutional money
Guess I should write Bill Holter a thank you email for lighting a fire under my keister regarding junk silver, especially dimes.
i also have a Subscription to QTR's Fringe Finance Substack