Daily Gold Chat

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Wednesday, April 26, 2017

$ is no worse than gold >
(chris-d)
04/23/2017 - 23:07
04/26/2017 - 11:07

> now, but will be soon.

We have a one world currency (gold). The banksters are doing everything possible to kill gold because they can't print it. Because gold can not be killed, the banksters leveraged (financialized) it. By that I mean, their gold used for credit creation is worth many times our gold not used for credit creation. So what is going to change the value of the US$?

Right now there are two $ currencies, domestic and foreign. What is going to kill the domestic US$ is the inability of ever more entities that make debt payments on debt by issuing more debt. The US domestic dollar has become a way to trade IOU's and the foreign $ has become a trade currency exporters use to buy needed supplies needed to manufacture the export.

Dollar is no worse than gold now
(Au Gratin)
04/23/2017 - 11:22
04/26/2017 - 11:22

Nothing except a sharp drop in the dollar is going to move gold higher. And a sharp drop in the dollar is no longer possible since they only allow the dollar to be compared with other nation's fiat toilet paper.
The dollar index is a basket of horses on their way to the glue factory and as such they all appear "good" when only compared with each other. By extension, the dollar can not fall until all fiat currencies in that basket fail. King World News guests are constantly touting major reversals around the corner.
I've heard this for YEARS. I don't believe it anymore. I don't believe there will be another bull market in gold because to have a bull market you must first have a market and only fools would believe the gold and silver "markets" are free. They are only "free" to trade lower and sometimes sideways if the authorities are feeling generous. I'm tired of this constant torture. I have lost hope.
No market is bigger than the printing press. The authorities have triumphed over gold and silver.
I have accepted that. It took me way too long to see the light.

Where is the integrity in the financial system?
(chris-d)
04/18/2017 - 22:06
04/26/2017 - 10:06

Cheap financing subsidizes or enables companies or governments to expand debt or produce a glut which makes the debt that enabled it to expand the expansion of production or debt unpayable.

Most countries or companies try to hide their failure for as long as possible, but eventually are exposed in one way or another. Much like the Madoff’s Ponzi scheme, the scheme goes on as long as new money continues to flow in and the major players continue to pretend that things are okay but it always ends when conditions change.

Such conditions don’t tend to peter out over time. Usually they are fine until the shit hits the fan. Then it spreads. Here we are, the shit is starting to hit the fan and as ever more shit hits the fan, ever more shit spreads.

What we in this country have forgotten is that the integrity of the financial system is more important then making money with leveraged screwing. Living off of debt is not the road to prosperity. It is the road to ruin. The main reason the electorate is becoming ever more polarized is because the screwing in the financial system is destroying what we stand for.

Years of ultra-loose monetary policy by the Fed encouraged consumers to borrow, hoping for a future roaring economy to repay those debts. But soaring healthcare costs (insurance) and lackluster earnings are destroying that hope. Not enough money in the pocket book, so out comes the credit card to make up for earnings shortfall and increased expenses.

The bankster owned FED >
(chris-d)
04/13/2017 - 14:41
04/26/2017 - 02:41

> is smothering the business cycle to save the value of debt the banksters hold as assets and we the people (slaves) owe.

The FED has smothered the business cycle with zero interest-rate policy and credit printing, all in the attempt to make the growing pile of debt the banksters hold look good. The trouble with making debt look good is that consumers can't consume debt. Debt is not a product made for consumption, it is a product for enslavement. 72% of the economy was consumer spending. In the future 72% of the economy will be needed to service the debt and stupid spending our elected representatives (screwers of everything there is) legislate.

The reality was (is) that consumer, not debt drives the economy. But we let debt drive the economy and now we are left with a boatload of debt. It used to be that as consumers consumed, businesses ramped up and invested in new production to increase productivity and production thus perpetuating the economic cycle. Now we use the same thing to increase debt our banksters use as their assets. Now we the people (slaves) are like cows to be milked for all we are worth and then some at the alter of debt.

Because of too much debt consumption is falling. Consumers are forced to pay on debt instead of consuming. Because of that inflation is increasing while consumption is declining, thus we see stagflation setting in.

The US economy is not growing in “real terms”. We are living off a false economy where debt is growth, and we live off of that debt growth. The Fed has been (is) focusing on instant gratification. All the Fed is doing is artificially inflating the bond and stock market with QE Infinity. The only thing the Fed knows how to do is to support the bond and stock market with ever more liquidity in the hopes that spending by rich people will trickle down to the rest of the economy. The small interest rate hikes that have been taken ensures that the bubble (financial excesses) will continue and become more volatile.

The Fed's monetary policies is to purposefully encouraged businesses and consumers to borrow. But debt doesn't just go away. It accumulates. Now, an increasing number of businesses and consumers are suffocating under this debt in an economy that never developed the growth needed and hyped by Wall Street and banksters to outgrow this debt. In all major surveys, economic confidence is increasing. Most consumers, owners of small businesses, and corporate executives are riding high on their own debt ebullience they are living off from, and it is that the very debt ebullience that will make economic reality in the future much tougher for consumers and businesses who are struggling under that hangover of debt. All of this is made possible by the bankster owned Fed who serves the banksters interests in growing the debt pile (their assets) by ultra-low interest rates that increase the value of debt. Let them eat debt.

Schizophrenia is perhaps a more logical term for markets and the minds of men and women.
(Brett Star)
04/12/2017 - 15:21
04/26/2017 - 03:21

The fact that anyone would suggest the dollar a safer vehicle than gold hasn't quite woken up to the fact that the mighty ship USA is caterwauling toward war on 2 fronts without sufficient funds. Perhaps when Donald is down to his last missile he will hide out in one of his many towers and I will be left with a worthless relic called gold. And the fact that Yellen felt compelled to raise rates will haunt her and her merry band of lackey's for the eternal future......

Plummeting......to fall quickly
(Brett Star)
04/09/2017 - 22:18
04/26/2017 - 10:18

Hardly a reasonable verb to those who were all in @$230. It literally bespeaks the "Chicken Little" syndrome.

Gold price plummets nearly $20 today from the day's high
(Vronsky)
04/07/2017 - 14:38
04/26/2017 - 02:38

...as the US Dollar soars today to a 3-Week high.

Gold Price:
http://www.gold-eagle.com/rate/price-of-gold/

Who owns the record amount of margin debt and for what purpose?
(chris-d)
04/07/2017 - 10:00
04/26/2017 - 10:00

Why is it that every time the market is about to change direction there is a record amount of margin debt? Why did Trump launch an attack that is in the interest of Daesh, al-Nursa, al-Qaeda and other terrorists. Trump has become a Bush by doing an act of oppression under invented pretext. Not even going to say here what that attack Bush used on the USA that made him and his gang make a big pile of money. Trump now bears the responsibility for addressing the tragedy in Syria that in reality is Bush's doing. When Bush took out Saddam, Saddam moved 650,000 troops into Syria in order to save them. Within a year over a million Iraqi civilians, mostly family members of those troops moved to Syria. They are now the Daesh in Syria. We now call them Syrians. They are not. We and most of Europe backs the al-Nursa terrorists. The Saudis back al-Qaeda. All of these terrorists use civilians to protect their troops. They hide within the civilians to make it harder for us or Syrian planes to bomb them. Assad is now on his last legs. He is short on troops, money, thus forced to do the unthinkable. When he falls, and I think he will soon, we are going to have a lot bigger mess in the Middle East. Why is it that in order to deflect the problems at home, we have to make a bigger mess somewhere else. What really gets me is who is really funding countries like North Korea and Syria. What central bank really owns them, just like they own us through bogus bank accounts and other corruptive banking means. Trump just raised the exponential risks many folds. Social media, which has in my opinion taken over print media is going to do Trump in, for social media is undermining the print media the ability to manage their hokus pokus news. What good is hokus pokus news when nobody reads it. The big boys are using margin debt to increase their short positions based on what they see coming. The above is what they see coming.

NYSE MARGIN DEBT AT DANGEROUSLY ALL-TIME HIGH LEVEL
(Vronsky)
04/06/2017 - 12:39
04/26/2017 - 12:39

NYSE Margin Debt at Extremely Dangerous Levels - only the ignorant continue to buy grossly over-valued fiat stocks. This includes those foolhardy fools who secretly seek self-destruction.

http://inflation.us/nyse-margin-debt-at-extremely-dangerous-levels/

Financialization made possible the debt problem all over the world.
(chris-d)
04/02/2017 - 18:20
04/26/2017 - 06:20

The Fed's goal has been (still is) to inflate asset bubbles in stocks and bonds (real estate) to "lift all boats." This goal does not work for main street, but it does for wall street for most of the paper wealth that consists of nothing more then mountains of debt in this country. The Feds trickle down is really tickle up. The only thing that went up and still is going up for Main Street is debt, the very debt the richest 4% of the population own.

Right now the spreads between Treasuries and junk bonds are widening. To me that indicates growing fears of a slowdown. Junk bond issuance is increasing, which implies a desire on the part of borrowers to raise cash while they can, much of it used to buy their own shares to make things look better then what they really are.

To me there never was a Main Street recovery. It was all on Wall Street. Oil did a little spike in 2016, which made it look like the global economy was expanding. To me it was just a bounce from an oversold position. To me very few people have an idea on what the growing levels of the debt distort (buy backs) that is in one hand increasing the GDP number and on the other hand destroying what is left of the economy.

Our system is pyramid scheme where wealth and power dominated by the few at the top, who through the flow of credit, control just about everything. This pyramid scheme is out of fuel and the rot of this pyramid scheme is stinking up the place. Yet those who benefit from this pyramid scheme deny that it is failing. The pyramid scheme (status quo) made possible by this pyramid scheme is not only failing to solve our problems, it has become the problem.

To me failure is now inevitable. We must each understand why our status quo has failed, and why the usual menu of reforms can’t stop this failure, so we can prepare ourselves for the radical transformations that is to come. Take a look at some of the latest failings.

In granting a new entitlement, Obamacare did not encourage competition among insurers, it demanded a "one size fits all" approach to coverage, and did nothing to contain the rising medical costs that threaten to bankrupt this country.

The Ryan plan made many of Obamacare's shortcomings worse. It left pre-existing condition requirements in place, which guarantees the premiums and deductibles would continue to rise. It did nothing to relax the state restrictions on insurance competition, nor did it seek to contain medical costs.

The privately owned FED Empire who owns us (we the people) and our government has exploited (will continue to exploit) all of the productive people, leaving nothing left to invest in for the future. Investment by Corporate America today constitutes greedy CEOs buying back their stock to boost earnings per share and share price in order to earn multi-million dollar bonuses. Loan proceeds are accounted for as cash flow, which makes possible the new borrowing.

The globalization scam was nothing more then a means to exploit the dwindling resources of the planet and its people. The monetary machinations of the Federal Reserve have reached their limit. Economic crisis is inevitable. What is coming is an economic meltdown. Debt should not be used as an asset. It should be taken from those holding it. How can debt be paid when the number of currency units in circulation does not even exist in paying for it. All we are doing is trading a large pyramid of IOU's. I milked cows for the most part of my life. We the people today are nothing more then cows to the banksters who milk us.

The only recovery we had was a Federal Reserve "whatever it takes" attitude towards shoring up asset values. The result was a further divide between the haves and have nots. Income growth not debt drives the low and middle class people, and until that is fixed nothing will change.

Wednesday, April 26, 2017

The world’s largest gold nugget is 61 lbs, 11 oz and is on display in Las Vegas.