There was a very interesting article someone posted here before about the rush to convert the certificates, and how it went down. Apparently they ran out of coins and had to start giving people bars, parts of bars, and even silver shot.
Adrian Miller
I think the dude should Google, 'has McDonald's dollar menu changed?'
Joseph Evans
It’s crazy to me that as late as 1971, the dollar was backed by gold.
How can people look at Tesla and not think holy shit this is a huge fucking bubble? It feels like I am taking crazy pills. Who looks at this chart and says YES Now is the time to buy?
Careful - they'd turn the mirror on you >in before some defensive, aggressive rant I have PM. One day a share of Telsa will be $0. That ounce of gold will always be worth an ounce of gold.
Its a pointless statistic for a growth stock like Tesla which is just now starting to turn a profit. Better to look at FPE - if a company is trading at 1000 PE, but their profit is growing at 10,000% per year, they are still undervalued.
Joshua Fisher
Prep the BHLL lads, someone got it real cheap today. Low float, high risk, high reward.
>You do realise that officially the US economy is down something like -38% from Jan to Jun That's an inflated number imo, and we should probably be looking for Q3 adjusted corp profits for the severity of the damage and Q4 for the direction we're headed >we've printed 3 or 4 trillion at the Fed which is 20% of GDP. Is simplistic, but you're right and it's going to be 4T of inefficiently allocated capital. The inefficiency is the more irritating and threatening part for the collapse of USD. It trickles out if the corps don't go BK. If they go BK, then it's a socialized burden over time. I'm not downplaying the extent of the damage and headwind and the looming issue of solvency, but it's not an "immediate" collapse and it would likely be drawn out over time. >It's obvious the printing isn't going to stop and my stupid guess is the more the Fed prints the smaller the GDP will get I think they're correlated, but I'm going to guess is that the federal reserve will only be stepping in for yeilds to keep the markets functioning.
Isaiah Long
That chart is not measuring the value of gold its measuring the loss of value of the dollar is what I would say
Brandon Scott
FDR was an evil bastard whos policies caused the great depression to be long long and horrible.
John Rodriguez
so could they ...
Hunter Smith
Sprott is investing more money.
Jeremiah Cook
God the comments make me want to end it
Aiden Ward
>dude in video >"hat are you going to do with gold at $10,000/oz and silver at $1,000/oz, are you going to sell it? Are you going to sit on it? It's too expensive for most people" I'm going to use it as money you faggot.
Hudson Cook
The normalcy bias is stunning.
Dylan Gutierrez
>"I'm keeping my gold, graded slabs and a little constitutional silver long term. However, the vast majority of the silver I've stacked will be sold for cash as the spot prices rise. I've already sold a third of it. The higher silver goes, the better! Then, after dumping my silver stack, I will hold onto the cash until gold drops back down, so I can increase my long-term gold stack. That's the plan. The higher silver goes, the better; the sooner, the better. Then, after dumping it, I'll be cheering for gold to drop hard!" gold star for effort
Austin Sanders
fair enough but if that chart was just a measure of loss of value of the dollar would you not expect a similar pattern in similar companies? Its clear something else besides the loss of the value of the dollar is fueling that price. but yeah I get your point
>"I dont . i want a silver dollar to be a dollar and a $20 gold coin to be twenty dollars. It would most likly mean our money is roughly 100 times more valuable than it is now. At least from my limited understanding of the situation, it seems that way."
lol
Blake Gomez
That SOUNDS like an annualized Figure Which means the actual is more like 5/12ths of that.
