METALS OF PRODUCTION AND COMMERCE. THE ECONOMY IS FUCKED AND WE HAVE BEEN RUNNING ON THE LAST FUMES OF AN EMPTY GAS TANK. ITS GOING TO BE OBVIOUS SOON.
YUP. BOTH ALUMINUM AND COPPER ARE THE GO TO METALS FOR CONDUCTING ELECTRICITY IN ALMOST ANY INDUSTRY. CONSUMER GOODS ELECTRICAL CORDS AND LESS EXPENSIVE EXTENSION CORDS USE ALUMINUM. CONSTRUCTION MAY USE ALUMINUM IN ELECTRICAL PANELS, DEPENDS ON THE CODE.
WHERE CONDUCTIVITY MATTERS WE USE COPPER, IN EVERYTHING. GOLD CONDUCTS BETTER THAN COPPER BUT IS RARELY WORTH THE COST TO USE.
THESE METALS ARE DROPPING IN PRICE BECAUSE DEMAND FROM MANUFACTURERS IS DOWN.
Apparently somebody thought somebody was a bitch at that firm and wasn't speaking to her counterpart. This is why, as a woman, I loathe working with women.
Silver and gold have dropped a bit in the last few weeks. I think investors are still of the belief the fed will raise rates enough to tame the inflation.
Yeah but profit markup is different from market rate. Don’t tell me the selling price of an oz of pure silver (generic round) is selling for the same price you’re buying.
Things cost what people are willing to pay for them. Spot price has always been disconnected from physical.
There is something like 50X more SLV than physical silver. That's how they keep the price down: selling metal that doesn't exist. Meanwhile, as they do this, companies like JP Morgan are quietly hoarding physical silver as they keep the price down by selling "paper silver" to the masses. In many cases if you read your contract, you couldn't trade it in for metal even if you wanted to, they can just give you spot price in USD instead.
In other words, 50 people all think they own the same bar of silver but it's sitting in JPM's private vault and they AINT SHARING. Don't be the one holding the bag when the game ends.
As many here know, spot price often doesn't correlate to physical price on the open market. It takes a long time for physical g and s to drop. That premium the last fee years has been crazy compared to 10 or 15 years ago before the run upnto 40 ppo on silver
That's because the spot price for gold and silver is the open market commodity trading value. You won't get actual gold or silver in your hand for that price.
Spot is a theoretical contract value for raw gold or raw silver being delivered straight from a mine. You can't buy that; you're buy (at best) direct from a mint that has processed it; more likely you're buying from a reseller of the mint; or even, a trader downstream from the contracted reseller.
Finally, even ignoring all the markup just in terms of the resellers supply chain, there's the actual value-add of having the gold or silver refined, assayed, and minted in to precise 1oz (or larger, or smaller) bars or coins that provide a semi-verifiable store of exact value that is hard to adulterate. EG, bullion coins with milled edges are hard to shave; so a 1oz stamped bullion coin from a reputable mint is actually likely to be, in fact, 1oz of whatever it purports to be.
All these things mean that you, the retail purchaser, are not going to ever be buying at spot price unless from a distressed seller, and even then, it is likely to be a case of "too good to be true".
Idk man. I use webull for small $ trades and when I read the comment section of the SPY they all seem pretty enthused. I think they've been tricked by a decade of money printing
Inflation is always and everywhere a monetary phenomenon. The supply chain breakdowns have been caused by too much money sloshing around in the system over the last two years.
The problem is now that there is a dollar shortage internationally, yet rising CPI domestically. This is Tripins dilemma. We are already in a deflation, but the political pressure on the fed will be to constrict the money supply further.
The Fed has raised rates and will continue to do so until there is a major crash in crypto, equities, real estate , gold, silver, and commodities. In addition they will be running off their balance sheet doing QT next month.
They will do this until the CPI levels off or goes down. There is no incentive for them not to do so until something breaks
Golly, I didn't realize Biden was the one writing all the spending bills and giving out all the free money that started in 2020!
It's almost like you're supposed to blame the dementia patient for everything so you ignore all the culprits, and can be manipulated into relief when Biden is removed!
That's actually why I prefer Biden over any other face. Dude is OBVIOUSLY a demented old puppet.
Makes the situation clear as day to any normie watching. I'm even hearing whispers in my Blue as hell area in Philly that people are sick of Biden and he makes them sick.
More people need to understand this. Trump allowed himself to be backed into a corner because it was his re-election year. You don't reach his level of celebrity without a little vanity, whether it was there already or a result of fame but he wanted to remain as popular as he could. There is no level of popularity he could have reached, the trap was set. The only way out was to become the crushing authoritarian they spent years painting him so it was lose/lose. The saving grace is that people will have spent four years seeing the result of that and slowly waking up. At least I hope.
Even if we were to take the election results at face value, Trump gained more votes in 2020 then in 2016, so what’s your point? That Trump was forced to accept more votes at the cost of his presidency?
I'm not even sure if you're replying to the correct person here. The original point was that trillions were conjured up for covid stimulus under Trump. Those trillions had a direct affect on today's inflation problem. My point was that even though stupid ass Biden has made some dumb shitty decisions and conjured up money to fund a proxy war, causing inflation, the money printed in 2020 is responsible, too. Nobody can say Trump isn't in some way partly responsible for today's inflation. BUT Trump was in a shitty situation being forced to go along with covid bullshit...if he hadn't gone along with stimulus checks he would have been crucified as uncaring, in an election year no less. If he had come out saying what we've been saying all along that covid is bullshit he would have been doubly crucified, people believe their TVs too much to think logically and for themselves. He would have had to crack down on the media, making things worse because even though they were lying through their teeth and knew it they had a Constitutional right to do it, making him an authoritarian and violating his oath. It was a lose/lose situation. I hate to admit it as much as anyone, at least of those that admit it.
Right can you imagine if we had a bright charming young well spoken person in office right now. Every dipshit in this country would be sucking it all up. Heck they compared Biden to Christ, just imagine someone who was capable of not shitting his own pants.
But biden's years long gaffe making does help this along immensely. When they put someone in that doesn't have to read every word of a script to get his point across, it becomes even more obvious to others how much the leader is controlled. It also becomes much, much easier to pin the political suicide statements to his name and party.
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We like to hate on the homeless as we believe many of them made the choice to be poor and destitute. As if the homeless have a corner on the stupidity market.
I'm not optimistic enough to think this is anywhere near the bottom. We may have years of depreciation yet to go. Knowing when to strike is half the battle.
I can agree to that. It does depend on the metal, though. Silver is relatively low-risk and has a low cost to get into. Mis-timing Silver will cost you maybe a few bucks at the most - especially if you're doing it in low volume, where you're not playing margins anyway.
Platinum, then gold (in that order) carry higher costs/risks because the fluctuations are higher. Timing becomes more important up in those reaches.
Once you get into the exotic stuff (e.g. Rhodium), all bets are off.
Agreed! If you're buying actual metal in hand, that's long term. Virtual metal trading isn't a day trade sort of thing, generally speaking. Spez: virtual metal trading should not be a thing at all!
If you just believe this is a blip in the longest bull run in history then sure. I don't believe that. If you want to buy a dip in gold and bitcoin, got for it but good luck waiting that one out for 15 years.
And my blood pressure has remained 110/70 this whole time. I’m 66 and 25 pounds overweight.
Don’t let the financial and political system stress you out: prepare well and you’ll be OK. Lots of people probably depend on you, prepare for things to get much worse but keep physically and mentally healthy. Many sheeple will perish, most Patriots won’t.
New HVAC system where I live up 60% (same company, exact same unit) since last year. I showed the installer the old estimate and he said there has been a price spike.
Long term debt at fixed rate is a hedge against inflation. Inflation (in theory) favors the borrower. What I worry about for folks like you is increases in property taxes and environmental regulations. That's how they will steal homes.
Yellen is already calling for a tax on unrealized real estate gains, albeit now its only for people making over 400 million or something like that but we all know that's going to trickle down over time.
You will be taxed on something that doesn't exist but you certainly won't get credits when values fall.
Same. Fixed rate ftw. I am one year into a 30 year, but have been paying an extra 100-200/mo on principal. Intend to lower that to maybe under 20 years in doing so.
No, racist, inflation only affects white males!! Rich ones at that. It’s…. Because…. Well there are hidden variables…. The FUCKING YAW!!! No one remembers to factor in the YAW!
This should be forced upon all publishing economists, climatologists, and any doom-saying writer, especially the correct ones- let the pundits put their money where their mouths are, sign contacts agreeing to the measures and putting forth their reasoning in ELI5 terms.
Are you worried about jurisdictional risk. A lot of metal plays out there but all with sketchy government and many SWAP- countries. Brazil could be OK. I've even gotten screwed in Mexico with silver.
Lol, I'm also getting POWW! Been a rough ride because I bought a lot around $6 and just finally got the average down under $5. Planning to load more this week because I agree it seems inevitable. I think GunBroker was a wise acquisition for them
As soon as your average fat ass entitled Millennial is hungry for the first time in life and no stimulus is promised there will be blood in the streets. I think this happens in under 12 months.
When it's laundered through Ukraine, you mean. Both "sides" of uniparty pretenders have taken tours of the "war zone" in the open with normal business suits on.
Depends on where you live. I pay $2200/mo for a 2 bed apartment. My mortgage on a shitty two bedroom fix up house in a bad area of the same town, at least $2200. Where I live most people pay 40%+ of their incomes on rent.
In your case that was smart but holy cow you must live in the middle of Nebraska or something.
Metals used in production have dropped because producers are sitting on inventory from larger forecasted volumes. Assuming no more major drops, would likely take 6 months to level out.
And all old guys on the adverts and the guys like Peter Shiff who own gold companies and predict the sky is falling every year their entire careers. Those guys like the gold and say the rest of us have no idea how things work. I did put money in physical gold recently but that's just to ensure at least some of my money only loses 0,1,2%. People have been saying, "any day now and gold goes to $5000" for a decade at least. Gold isn't an investment. It's supposed to be a great hedge against chaos and it isn't even that any more. Still better have some though.
I have no idea why I have not simply unsubbed from the "Money and Markets" email list. I suppose because they are funny with the constant sky is falling emails over the years. I recall in 2016, they said if Trump won, money would be of no value or some such thing. They also allude to stocks and do not say what just advert for investment companies.
Just a bit ago, got this:
"Stocks Could Crash Tomorrow" I'm like, where have they been?
On MarketWatch Buttigieg said the high prices are caused by Corporations. This was talking about the price of fuel. Democrats have always parroted talking points but here is a great example of why we are in this mess. It's the radical progressives going in 1 direction while the China puppets go another.
My job is like PRIME DAY is going to be a huge success at our meeting.
I said NO ITS NOT! We are in stagflation about to be in a recession, food costs through the roof, gas 4 dollar plus a gallon. Nobody is going to be buying squat.
I got kicked out of meeting for bringing politics into it. 🤔
Yet they have tranny day, BLM support, fake ass Ukraine support and all other things posted up around the building
Silver started going down promptly after I bought some. It can be profitable to be able to sell naked shorts, I guess. (I'm just guessing about the naked shorts - I've heard it's a thing in the stock market.)
Don't take it personally. I hought metals to hedge, I bought commodities, I shorted markets, I bought energy, silver, Bitcoin, crypto, defi. Everything out there, I bought a little and every stinking bit of is is down 20-80%. ALL OF IT. There just isn't anywhere to hide. Stinking cash in a mattress is your best financial move in 2022 if you can fucking believe that.
No because it's not an investment. What we lost is 15% of our insurance. Wrap your head around how bad it is when you leave the market for insurance and the insurance promptly crashes even though everyone is buying.
I just hope beyond hope that this will lead to me being able to afford my own home someday. I'm 50 and make good money and have money saved and still can't buy anything in my hometown.
Pretty much how I lost a ton of money last year, I saw the inflation coming a mile off, so I invested in "Inflation resistant stuff" and it all tanked.
Same here. And the guys who push crypto are still telling everyone to buy this dip lol. But I even bought gold, shorts, short of bonds, bitcoin, you name it. All crashed, some as much as 85%. Cash losing 8% is this decades safe haven. Unbelievable.
They quote a broad based metals index that doesn't explain the situation correctly. It's misleading because silver went down
Gold went up. Why don't they just tell the Fucking Truth, instead they trick my friends !!!
No mean tweets tho!
Thank God! It was so hard to feed my family with those!
I have found when i print out tweets from NPR my children eat better than when i tried feeding them Trump tweets.
Yes paying 400 plus more in gas and 500 plus more a grocery store.
So worth it LONG AS WE NO LONGER HAVE MEAN TWEETS!!!!!
Metals like silver?
Aluminum and copper.
METALS OF PRODUCTION AND COMMERCE. THE ECONOMY IS FUCKED AND WE HAVE BEEN RUNNING ON THE LAST FUMES OF AN EMPTY GAS TANK. ITS GOING TO BE OBVIOUS SOON.
Oh because they’re not being used?
YUP. BOTH ALUMINUM AND COPPER ARE THE GO TO METALS FOR CONDUCTING ELECTRICITY IN ALMOST ANY INDUSTRY. CONSUMER GOODS ELECTRICAL CORDS AND LESS EXPENSIVE EXTENSION CORDS USE ALUMINUM. CONSTRUCTION MAY USE ALUMINUM IN ELECTRICAL PANELS, DEPENDS ON THE CODE.
WHERE CONDUCTIVITY MATTERS WE USE COPPER, IN EVERYTHING. GOLD CONDUCTS BETTER THAN COPPER BUT IS RARELY WORTH THE COST TO USE.
THESE METALS ARE DROPPING IN PRICE BECAUSE DEMAND FROM MANUFACTURERS IS DOWN.
WHAT?
He said... ahem ... HE SAID IT INDICATES A DOWNTURN IN MANUFACTURING.
KEK!
LEAVE HIM ALONE
HE, LIKE ME, HAS VOICE IMMODULATION
IS THAT A THING WHERE YOU TALK LIKE THIS ALL THE TIME???
What the SHIFT are you talking about?
Really makes you put on your thinking CAPS
HAHA YOU GUYS ARE GREAT WITH YOUR CAPITAL PUNS
Copper is a better conductor than gold but gold doesn't corrode.
Gold is resistant to corrosion but less conductive than copper. That's why gold is used in high end electronics and connections for IC's.
The point still stands, gold hasn’t been tracking inflation at all. Market rate is at 2011 levels. That doesn’t sound like an inflation hedge at all.
That’s what happens when the gold price is manipulated
And/or why they use alloys. Best of both.
Be gone alchemist.
It's cool...the 4th generation fusion reactors will produce so much gold as a waste product we'll be using it in place of asphalt.
Gold is mainly used in circuit boards. Especially in everyone's PC's.
Yes, wheels are going to fall off the wobbly bus and it will just sit, not moving.
But it won't have to drive under those racist bridges and white supremacist overpasses. Progress, my brother.
I like driving under sexist bridges. I’d feel anxious if a woman engineering team designed them, like in Florida.
Apparently somebody thought somebody was a bitch at that firm and wasn't speaking to her counterpart. This is why, as a woman, I loathe working with women.
Hah are you from LI?
So this could mean the production of canned goods have gone down?
I BELIEVE CANNED GOODS ARE MADE FROM TIN. SODA CANS OR BEER CANS ARE ALUMINUM BUT I DONT BELIEVE CANNED GOODS ARE.
Wow hadn't thought of that. Good point.
How about lead and copper?
We should be so lucky...
BRASS
That’s copper and zinc
Remember when we had that coin shortage a couple of years ago? Pepperidge Farms remembers.
Me waiting for ammo prices to drop....
It will only drop when you personally don’t have the money to buy ammo.
Funny how that’s the way it always works?
Funny? No it’s the only logical conclusion for times such as these.
Let’s see…
Nope, I don’t see ammo prices coming down anytime soon.
Silver and gold have dropped a bit in the last few weeks. I think investors are still of the belief the fed will raise rates enough to tame the inflation.
The central banks have been manipulating gold and silver for a long time
Yea and the fuckin premiums are still high as hell even with the price change silver sits at 37 an ounce.
I've never paid that much, but I do believe it's never been made easy for us plebes to own anything of worth.
How about 21.35/oz. USD for silver.
For SLV maybe.
To actually possess an oz of pure silver in your hand will cost you at least 26, 27 for a generic round
Where do you go to get real bullion?
Just google search for gold/silver shop in your area. They're usually tucked away, but most medium to large sized cities have them.
Local gold/silver/Coin shop, there's companies like APMEX that you can buy online and have it shipped
Yeah the mark up is pretty huge.
https://www.apmex.com/category/25670/100-oz-silver-bars
Yeah but profit markup is different from market rate. Don’t tell me the selling price of an oz of pure silver (generic round) is selling for the same price you’re buying.
Things cost what people are willing to pay for them. Spot price has always been disconnected from physical.
There is something like 50X more SLV than physical silver. That's how they keep the price down: selling metal that doesn't exist. Meanwhile, as they do this, companies like JP Morgan are quietly hoarding physical silver as they keep the price down by selling "paper silver" to the masses. In many cases if you read your contract, you couldn't trade it in for metal even if you wanted to, they can just give you spot price in USD instead.
In other words, 50 people all think they own the same bar of silver but it's sitting in JPM's private vault and they AINT SHARING. Don't be the one holding the bag when the game ends.
I'm seeing generics as low as $25/oz
As many here know, spot price often doesn't correlate to physical price on the open market. It takes a long time for physical g and s to drop. That premium the last fee years has been crazy compared to 10 or 15 years ago before the run upnto 40 ppo on silver
Where are the market rates listed accurately? Seems everywhere you look for spot price they all list the same value.
That's because the spot price for gold and silver is the open market commodity trading value. You won't get actual gold or silver in your hand for that price.
But isn’t the trading value based on the actual price of gold and silver?
Spot is a theoretical contract value for raw gold or raw silver being delivered straight from a mine. You can't buy that; you're buy (at best) direct from a mint that has processed it; more likely you're buying from a reseller of the mint; or even, a trader downstream from the contracted reseller.
Finally, even ignoring all the markup just in terms of the resellers supply chain, there's the actual value-add of having the gold or silver refined, assayed, and minted in to precise 1oz (or larger, or smaller) bars or coins that provide a semi-verifiable store of exact value that is hard to adulterate. EG, bullion coins with milled edges are hard to shave; so a 1oz stamped bullion coin from a reputable mint is actually likely to be, in fact, 1oz of whatever it purports to be.
All these things mean that you, the retail purchaser, are not going to ever be buying at spot price unless from a distressed seller, and even then, it is likely to be a case of "too good to be true".
How?
They're trying to get rubes to dump so then they can collar it all and jack up the price. Same as they always do.
Now you're on the trolley.
I have a hard time imagining any investor could actually believe that still.
Idk man. I use webull for small $ trades and when I read the comment section of the SPY they all seem pretty enthused. I think they've been tricked by a decade of money printing
The only time precious metals are valuable is when you physically own them. Having stock shares of them means nothing.
Inflation is always and everywhere a monetary phenomenon. The supply chain breakdowns have been caused by too much money sloshing around in the system over the last two years.
The problem is now that there is a dollar shortage internationally, yet rising CPI domestically. This is Tripins dilemma. We are already in a deflation, but the political pressure on the fed will be to constrict the money supply further.
The Fed has raised rates and will continue to do so until there is a major crash in crypto, equities, real estate , gold, silver, and commodities. In addition they will be running off their balance sheet doing QT next month.
They will do this until the CPI levels off or goes down. There is no incentive for them not to do so until something breaks
Real question is: are PMs tracking inflation 1-to-1?
If they are not, why are we telling people they’re a hedge against inflation?
Nope, Silver still above $20 last I checked.
That's still a 20% correction from highs. And non-physical silver is down 20, 40, 80%.
Yes Silver. On 04/18 it was 26.00+, today it is 21.56. Gold is taking worse beating.
They know poor people save silver so they make the markets lie.
Golly, I didn't realize Biden was the one writing all the spending bills and giving out all the free money that started in 2020!
It's almost like you're supposed to blame the dementia patient for everything so you ignore all the culprits, and can be manipulated into relief when Biden is removed!
I’m pretty sure we are all aware he’s a puppet.
And doesn't have dementia; he's just really stupid and old now.
That's actually why I prefer Biden over any other face. Dude is OBVIOUSLY a demented old puppet.
Makes the situation clear as day to any normie watching. I'm even hearing whispers in my Blue as hell area in Philly that people are sick of Biden and he makes them sick.
Easier to control, harder to hide it.
More people need to understand this. Trump allowed himself to be backed into a corner because it was his re-election year. You don't reach his level of celebrity without a little vanity, whether it was there already or a result of fame but he wanted to remain as popular as he could. There is no level of popularity he could have reached, the trap was set. The only way out was to become the crushing authoritarian they spent years painting him so it was lose/lose. The saving grace is that people will have spent four years seeing the result of that and slowly waking up. At least I hope.
Even if we were to take the election results at face value, Trump gained more votes in 2020 then in 2016, so what’s your point? That Trump was forced to accept more votes at the cost of his presidency?
I'm not even sure if you're replying to the correct person here. The original point was that trillions were conjured up for covid stimulus under Trump. Those trillions had a direct affect on today's inflation problem. My point was that even though stupid ass Biden has made some dumb shitty decisions and conjured up money to fund a proxy war, causing inflation, the money printed in 2020 is responsible, too. Nobody can say Trump isn't in some way partly responsible for today's inflation. BUT Trump was in a shitty situation being forced to go along with covid bullshit...if he hadn't gone along with stimulus checks he would have been crucified as uncaring, in an election year no less. If he had come out saying what we've been saying all along that covid is bullshit he would have been doubly crucified, people believe their TVs too much to think logically and for themselves. He would have had to crack down on the media, making things worse because even though they were lying through their teeth and knew it they had a Constitutional right to do it, making him an authoritarian and violating his oath. It was a lose/lose situation. I hate to admit it as much as anyone, at least of those that admit it.
I agree with you
I also think fraud in 2018 they did nothing about
So many things didn't get done until act 2 They absolutely COULDN'T allow him a second term
Ah yes so Trump didn’t go into hiding and cowardly transition power over to Communists because he didn’t want to take economic blame.
That’s it!
It's like you read what I said, put it into the context of the exact opposite, then responded in the most ridiculous manner possible.
No one would be relieved when he's removed. Biden is just a symptom, much like a tumor. The cancer within will only produce more of them.
Right can you imagine if we had a bright charming young well spoken person in office right now. Every dipshit in this country would be sucking it all up. Heck they compared Biden to Christ, just imagine someone who was capable of not shitting his own pants.
But biden's years long gaffe making does help this along immensely. When they put someone in that doesn't have to read every word of a script to get his point across, it becomes even more obvious to others how much the leader is controlled. It also becomes much, much easier to pin the political suicide statements to his name and party.
Biden isn't running the show. He's only a puppet. Obama & Killary are the ones in charge.
He's doing such a great job!!!!!
-My coworkers.
Really? What’s their rationale?
CNN
Trump bad.
Yeah still seeing mass formation psychosis too; but still helping red pill one at a time.
Keep planting little mustard seeds of doubt, fren.
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Every single day.
Amazingly, no. They were pretty tired of it early on.
They're a weird mix of "think they're woke, but actually support based conservative ideals, when they stop to think about it.
I've been calling them "masqueraders". Lol
We like to hate on the homeless as we believe many of them made the choice to be poor and destitute. As if the homeless have a corner on the stupidity market.
They're talking about you, right?
Buy the dip! not financial advice
Because I don't just want to watch the fail boat sink, I want to climb aboard!
Precious metals are not short term investments - never were, so it's not bad advice if you have the money to spare.
I'm not optimistic enough to think this is anywhere near the bottom. We may have years of depreciation yet to go. Knowing when to strike is half the battle.
Years to go bankrupt, but less time to starve to death with manufacturing food crisis.
I can agree to that. It does depend on the metal, though. Silver is relatively low-risk and has a low cost to get into. Mis-timing Silver will cost you maybe a few bucks at the most - especially if you're doing it in low volume, where you're not playing margins anyway.
Platinum, then gold (in that order) carry higher costs/risks because the fluctuations are higher. Timing becomes more important up in those reaches.
Once you get into the exotic stuff (e.g. Rhodium), all bets are off.
Agreed! If you're buying actual metal in hand, that's long term. Virtual metal trading isn't a day trade sort of thing, generally speaking. Spez: virtual metal trading should not be a thing at all!
Agreed on the virtual thing - that's a very, very stupid thing to do. Unless I have it in my home safe, I don't bother with it.
I’m still waiting for my 2011 gold to break even.
If you just believe this is a blip in the longest bull run in history then sure. I don't believe that. If you want to buy a dip in gold and bitcoin, got for it but good luck waiting that one out for 15 years.
Panic and Sell everything! also not financial advice
The globalist are ready to buy with your printed money
FJB-LGB
So like 8% then...
And my blood pressure has remained 110/70 this whole time. I’m 66 and 25 pounds overweight.
Don’t let the financial and political system stress you out: prepare well and you’ll be OK. Lots of people probably depend on you, prepare for things to get much worse but keep physically and mentally healthy. Many sheeple will perish, most Patriots won’t.
If we didn't have rules against calling for a violent overthrow of the government, I would share some ideas.
Interesting there's rules against talking about what the constitution / bill of rights wanted the people to do.
When in the course of human events, it becomes necessary for one people...
I think we all have some ideas.
New HVAC system where I live up 60% (same company, exact same unit) since last year. I showed the installer the old estimate and he said there has been a price spike.
Thank China and all the assholes who sold out to the company there.
My mortgage hasn't changed. So that's good
Long term debt at fixed rate is a hedge against inflation. Inflation (in theory) favors the borrower. What I worry about for folks like you is increases in property taxes and environmental regulations. That's how they will steal homes.
Yellen is already calling for a tax on unrealized real estate gains, albeit now its only for people making over 400 million or something like that but we all know that's going to trickle down over time.
You will be taxed on something that doesn't exist but you certainly won't get credits when values fall.
Lol.
Same. Fixed rate ftw. I am one year into a 30 year, but have been paying an extra 100-200/mo on principal. Intend to lower that to maybe under 20 years in doing so.
I just got a promotion so I'm going to be making extra full payments on my principal only.
I just got a promotion too. Negotiating on the salary. Congrats!
I negotiated. It wasn't exactly what I wanted but the benefits more than made up for it
But muh 8.3%!
No, racist, inflation only affects white males!! Rich ones at that. It’s…. Because…. Well there are hidden variables…. The FUCKING YAW!!! No one remembers to factor in the YAW!
Reeeeeeeeeeeeeeeeeeeee
Down is up, up is down in everything that is Biden world.
< Julian Simon enters the chat >
https://en.wikipedia.org/wiki/Simon%E2%80%93Ehrlich_wager
This should be forced upon all publishing economists, climatologists, and any doom-saying writer, especially the correct ones- let the pundits put their money where their mouths are, sign contacts agreeing to the measures and putting forth their reasoning in ELI5 terms.
Been buying all the VALE I can on these dips, and silver. It just doesn't make sense and they can't keep them down forever
Are you worried about jurisdictional risk. A lot of metal plays out there but all with sketchy government and many SWAP- countries. Brazil could be OK. I've even gotten screwed in Mexico with silver.
I like that Brazil doesn't seem to be taking side in Russia conflict, and they signed a deal with Tesla for nickel.
I have VALE as well. Was think DVN, but also thinking on getting out entirely.
I don't have any of that specifically, but I too am afraid to buy more energy stocks. I am holding what I have tho
I've been loading up on POWW. On fintel, institutions are continually adding positions.
Lol, I'm also getting POWW! Been a rough ride because I bought a lot around $6 and just finally got the average down under $5. Planning to load more this week because I agree it seems inevitable. I think GunBroker was a wise acquisition for them
We won’t survive another two years of this.
That’s the idea.
Try 6 months.
As soon as your average fat ass entitled Millennial is hungry for the first time in life and no stimulus is promised there will be blood in the streets. I think this happens in under 12 months.
The fat poor will be fed with government stimulus its the middle class family unit they want to starve
It's going to get worse if more money is given to the Ukraine Nazis.
When it's laundered through Ukraine, you mean. Both "sides" of uniparty pretenders have taken tours of the "war zone" in the open with normal business suits on.
Rents been going up, and ALOT HIGHER than 16%!
I bought a house last year because my landlord was was going to raise the rent from 750 to 1150!!
My mortgage is only 675/mon. Lol fuck renting!
Depends on where you live. I pay $2200/mo for a 2 bed apartment. My mortgage on a shitty two bedroom fix up house in a bad area of the same town, at least $2200. Where I live most people pay 40%+ of their incomes on rent.
In your case that was smart but holy cow you must live in the middle of Nebraska or something.
Down dooting facts?! Lol PDW is getting a bit cucky!
Metals used in production have dropped because producers are sitting on inventory from larger forecasted volumes. Assuming no more major drops, would likely take 6 months to level out.
Build back better!
"From the bottom up" - OK that's a platitude I think we all understand and have heard before.
"and the middle OUT." - Oh shit! He's coming for you and me.
But, but, but no more mean tweets! (Actually no more tweets at all).
All the gold and silver shills. If it was such a great investment they wouldn’t need to advertise on TV, radios and now even Bongino.
And all old guys on the adverts and the guys like Peter Shiff who own gold companies and predict the sky is falling every year their entire careers. Those guys like the gold and say the rest of us have no idea how things work. I did put money in physical gold recently but that's just to ensure at least some of my money only loses 0,1,2%. People have been saying, "any day now and gold goes to $5000" for a decade at least. Gold isn't an investment. It's supposed to be a great hedge against chaos and it isn't even that any more. Still better have some though.
I have no idea why I have not simply unsubbed from the "Money and Markets" email list. I suppose because they are funny with the constant sky is falling emails over the years. I recall in 2016, they said if Trump won, money would be of no value or some such thing. They also allude to stocks and do not say what just advert for investment companies.
Just a bit ago, got this:
"Stocks Could Crash Tomorrow" I'm like, where have they been?
Correct!
Regular steel has leveled off, stainless steel is being price gouged
My gas is up about 120%.
Try cutting back on dairy.
On MarketWatch Buttigieg said the high prices are caused by Corporations. This was talking about the price of fuel. Democrats have always parroted talking points but here is a great example of why we are in this mess. It's the radical progressives going in 1 direction while the China puppets go another.
So basically everything I need on a daily basis is up and the money I invested in precious metals to defend against inflation is down. Hurray.
My job is like PRIME DAY is going to be a huge success at our meeting.
I said NO ITS NOT! We are in stagflation about to be in a recession, food costs through the roof, gas 4 dollar plus a gallon. Nobody is going to be buying squat.
I got kicked out of meeting for bringing politics into it. 🤔
Yet they have tranny day, BLM support, fake ass Ukraine support and all other things posted up around the building
And they wanna talk about my politics 🤣🤣🤣🤣
With leadership like that, can they stay in business?
Yet the Uniparty elites won’t suffer
Nancy Pelosi salary: $193,400 Nancy Pelosi net worth: $196million
Mitch McConnell salary: $193,400 Mitch McConnell net worth:$54million
Like it or not, they both play for the same team.
Neither party is on your side.
They are on the side of getting themselves rich.
Silver started going down promptly after I bought some. It can be profitable to be able to sell naked shorts, I guess. (I'm just guessing about the naked shorts - I've heard it's a thing in the stock market.)
Don't take it personally. I hought metals to hedge, I bought commodities, I shorted markets, I bought energy, silver, Bitcoin, crypto, defi. Everything out there, I bought a little and every stinking bit of is is down 20-80%. ALL OF IT. There just isn't anywhere to hide. Stinking cash in a mattress is your best financial move in 2022 if you can fucking believe that.
Sorry to hear that. Mine is an IRA, so I'm holding on for a while.
“Clap, you bastards”
Yup, the real inflation is food and fuel, the cost of movie tickets shouldn't be included in the index.
So people saving gold and silver lost 15% of their investment. Wonderful.
No because it's not an investment. What we lost is 15% of our insurance. Wrap your head around how bad it is when you leave the market for insurance and the insurance promptly crashes even though everyone is buying.
jesus christ. excuse me.
Dude cool down. I was agreeing with you.
Metals can dive all they want… just means i am buying more for less
Mortgage industry just cratered. The rest of the economy will follow by Fall if not earlier.
I just hope beyond hope that this will lead to me being able to afford my own home someday. I'm 50 and make good money and have money saved and still can't buy anything in my hometown.
Pretty much how I lost a ton of money last year, I saw the inflation coming a mile off, so I invested in "Inflation resistant stuff" and it all tanked.
Same here. And the guys who push crypto are still telling everyone to buy this dip lol. But I even bought gold, shorts, short of bonds, bitcoin, you name it. All crashed, some as much as 85%. Cash losing 8% is this decades safe haven. Unbelievable.
Now do wood.
I've seen Goodfellas. And this all reeks of a good old-fashioned bust out.
Metals are down.... because nobody is building back better.
I DID THAT! 😥
Gas used to be $1.63 in Texas under Trump.
They quote a broad based metals index that doesn't explain the situation correctly. It's misleading because silver went down Gold went up. Why don't they just tell the Fucking Truth, instead they trick my friends !!!
Rent is higher than that
Rent up 16%...fuck...more like 60% around here.
how the fuck is gold not adjusting for inflation? someone is manipulating.
Homes are up almost 35% in New Orleans.
Buy the dip in metals
there is no dip.
buying silver it's between $26 - $37 oz.
if you try to sell, dealers will only give you up too $20.
there is some heavy fuckery going on right now.
Patience. Vlad has started the ball rolling with basing the Ruble on Gold. Once the dollar crashes, only silver and gold will be money.
You can't eat gold.
Gas is up from $2.10 on election day to $4.46 today. More than 100% increase.