Daily Gold Chat

The Daily Gold Chat is a discussion forum for the daily exchange of knowledge, ideas, thoughts & opinions about gold and precious metals. Gentlemanly conduct will be the attire of the day. Posting advertisements is not permitted. A quick one-time registration is required to post. Join the discussion!

Monday, December 10, 2018

The Empty Suit.
(Brett Star)
12/04/2018 - 09:54
12/10/2018 - 09:54

Trump and his grandiose machinations continue to raise havoc on misguided body politic. Gold is set to explode as the $USD begins its' slide into oblivion. Hang on to your gold dear friends, time is on our side.

10/23/2018 - 11:13
12/10/2018 - 11:13

During the infamous month of October, US Stock Indices of S&p500 and DOW prices have formed bearish Inverted Flags. Moreover, today's action triggered both. Consequently, the downside price target of the S&P500 is about 2500...and the DOW Index is about 23000.

But let's see if those price levels provide support...especially since we are sooooo close to the midterm elections.

Brett Star
10/12/2018 - 11:28
12/10/2018 - 11:28

"The fact that Russia and China are enjoying war games together...."

Very troubling indeed.

Fraudsters are emboldened.
10/11/2018 - 01:09
12/10/2018 - 01:09

We can't have a system that uses tax dollars to support corporatocracy, elite banksters financing globalism, military industrial complex, all which make up the deep state and still be called a democracy. Last time Trump won the election because the people that voted rejected both parties. We are now witnessing what happens to a democracy where good people who want to behave ethically but are ruled over by fraud and unethical behavior that reign supreme. What we have today is large scale financial frauds being perpetuated by many entities using a multiple of platforms. Let it crash. The sooner the better. It makes no sense to embolden ever more fraud. What the USA needs is a hurricane that is 1000 times the seize of Michael going from one state to the next. We have become the most crocked country in the world.

(Brett Star)
10/10/2018 - 15:39
12/10/2018 - 03:39

The entire house of cards (world economies) may hit the floor before it is all over. The debt levels of individuals, companies and governments are out of hand expecting cheap interest rates to be their right of passage. Thanks

KS.....The Chinese have a few thousand years of wisdom on Upstart USA
(Brett Star)
10/10/2018 - 08:52
12/10/2018 - 08:52

I have had business in China for more than 30 years. Those who discovered the Chinese market early on, and still in the game are sucking wind....the damage wrought on those who depend on China (because there is no other market) have lost tremendous revenue with the Chinese now buying elsewhere......Trump is an empty suit. And gold? The tide will turn.

Mr. Brett Star
10/08/2018 - 19:40
12/10/2018 - 07:40

I agree with you. China holds all the cards. And in their hand is the Old Maid! Trump will Trump in and make make even his worst losers boss! What say you?


Well Here We Go Again
10/01/2018 - 17:54
12/10/2018 - 05:54

It took longer than I anticipated but it looks like the talking TV heads have for the most part successfully laid off their gold and silver on the unsuspecting retail investor. Now it may take a bit for the sacks of coins buried in PVC containers in the back yard to get back to par value.

Chinese hold all the cards,
(Brett Star)
08/22/2018 - 16:04
12/10/2018 - 04:04

Today marks the beginning of new trade talks......and with China moving away from United States debt, dollar power will decline and those who buy Chinese made goods are in for a very rude awakening. All planned without a doubt, America will pay off its goverment debt with a less valued currency. It has been done before, but timing is everything.

Banksters wrecking ball in motion.
07/21/2018 - 16:43
12/10/2018 - 04:43

Our consumption is mostly financed by accumulating debt liabilities to supplement inadequate wages and salaries. Thus government runs massive fiscal deficits, not only to support the income shortfalls of its citizens, but also to enhance corporate profits. In this way corporations enjoy lopsided profits with which they leverage up by engaging in a massive swap of equity for debt. Thus debt issuance keeps increasing, despite record corporate profits. This is done so corporations can leverage up their bookkeeping profits with more bookkeeping profits through repurchasing their own shares with ever more borrowed money by trading equity for debt.

We are in for a depression as soon as this all is forced to unwind.

The primary cause for all of our financial disorders is the fact that banks don't have any money. They lend credit as if it was money, thus the money does not exist in circulation to pay down the debt with. We pay debt with more debt. How is that ever going to reduce debt. We are so smart (stupid) that we have outsmarted ourselves.

Monday, December 10, 2018

In 1934 President Franklin Delano Roosevelt devalued the dollar by raising the price of gold to $35 per ounce.