It's not a word with a fixed definition, it's a combination of two words with mostly-fixed definitions, so there's room for subjectivity.
I want to buy some platinum but I see it as an industrial/scientific metal. Trade a 1/2oz bar to to a chemical lab in exchange for some nufood when the farms are all gone kinda thing.
/pmg/ - Precious Metals General
Lincoln Phillips
Noah Edwards
What the Fed has done traditionally to lower yields is to change the fed funds overnight rate. That is short term only, but it influences yields of longer term maturity. QE was basically a limited attempt to impact longer term yields directly since the fed funds rate was already at zero. They said they would buy $X amount of bonds to put down ward pressure on longer term yields. YCC is QE infinity in that they have a rate target, not a dollar target. So they will print and spend whatever it takes to keep longer term yields below their target rates. Serious currency debasement.
The last time we did this was in the 40s and 50s, That is the last time we had a debt to GDP this high. Back then it was due to the depression spending and WWII. We inflated the debt away. Things are obviously different now, but they will be attempting to do the same thing this time to get the debt's real value to something more manageable.
This means hold physical gold and silver, but not as financial advice. If they are successful in this and they prevent a deflationary crash, it means all assets are going to moon in nominal terms. I think we may see DOW 60,000, but that doesn't mean the real value has doubled. Basically, assets are going up, wages and debt will be inflated down, and the wealth divide will widen even more.
James Collins
nice, they look like silver soap
Asher Morris
Another 10 x silver krugs arrived this morning. I love these coins!
Brandon Hall
For a precious metal to be a monetary metal it has to have a high stock to flow ratio. This means that the total supply will be stable and will not fluctuate much with changes in how much is mined or how much is used. Only good and silver have this property. And really, gold is significantly better than silver.
This video explains more why platinum and palladium are not money.
Nathan Cooper
I have 6 grams of plat because why the hell not but the premiums are huge so I only bought when it was a few bucks over spot. I could probably sell it for twice what I paid for it which is nice.
Justin Morris
Trailings with this one are tricky. I have my 1st tranche set at 2.25. No trails for me.
Liam Lewis
Perfect for my bath.
Landon Nguyen
Yeah I would for sure love to have an oz of platinum just to be safe and have some on the off chance it might be useful one day but i don't see a reason to buy loads of it
Connor King
Thanks, I've stopped stacking after I got to 10oz of gold and 1200oz of silver. Now I'll focus on some good Crypto projects, miner stocks and a few blue chips.
So if what you're saying is gonna happen, we will have a Market Correction, but not a complete crash?
This is crazy, you can't just print the debt away.