Daily Gold Chat

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Wednesday, September 26, 2018

Chinese hold all the cards,
(Brett Star)
08/22/2018 - 16:04
09/26/2018 - 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
09/26/2018 - 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.

July 6, 2018. Trump's Wrecking Ball In Motion.
(Brett Star)
07/06/2018 - 11:47
09/26/2018 - 11:47

With the twilight of International Settlement in US dollars fast approaching, the affect on the price of gold will catch naysayers with their proverbial pants removed...not down, removed whilst they watch open mouthed the ascent of Gold to its real value against the US Dollar's "Full Faith And Credit" . For some reason the Fed has not explained economics 123 to the White House..... and how we manage to print money out of thin air.....
Hold Fast To your GOLD!!!!

Poor house sales affect the price of gold.......
(Brett Star)
06/27/2018 - 12:25
09/26/2018 - 12:25

Another genius, although who ever it was who wrote this didn't want to take credit. When are the journalists going to call a spade a spade? The decline in the price of gold is rigged, and until sales of gold are restricted to verified bullion, gold will continue to be the ugly sister of the petro dollar. Oil and soybeans are being bought with the yuan which is backed by gold. The US Dollar lost its gold backing in 1971 and is now valued by "The Full Faith and Credit of The United States". The US currency will soon lose its' coin of the realm statice.....and Like Trump's tax returns, the US Government won't be able to show its gold because it has none. The latest soybean debacle could have been foretold. South America produces twice the soybean tonnage the USA does and the gap continues to grow. How stupid could anyone be to threaten China at such a disadvantage? China does not need the United States.

US Dollar just formed the Golden Cross
05/30/2018 - 13:49
09/26/2018 - 01:49

when the 50dma crosses above the 200dma.....which bodes ill for the failing Euro Curency:


Euro currency falls to a 6-month low.at 111
05/29/2018 - 12:44
09/26/2018 - 12:44

And looks to probably descend to January 2017 bottom of about 100. This is not the best news for the gold price as it reflects a strengthening greenback.

Reuters & AsianAge
(Brett Star)
05/28/2018 - 11:21
09/26/2018 - 11:21

The press delights in adjectives "Falling, Fell, Slips, Plunges, Dipped & Tumbling," in their latest passive aggressive report on the value of gold, never speaking about the real Gorilla in the room.....The gross ability of the United States to create currency out of thin air. The denizens of fake, conjured, ignorant, and deceitful reasons for the decline in the price of gold continue their subversion of truth, and real money. Gold!

Silvers high for today "One-666" again!
(Au Gratin)
04/13/2018 - 10:37
09/26/2018 - 10:37

One 666, silver's high for the day AGAIN. Friday the 13th, 2018

We are entering a new paradigm >
04/07/2018 - 15:34
09/26/2018 - 03:34

> With a rising US deficit, it will become ever more difficult to finance the US trade and budget deficits because of the rising rate of interest. Domestic savings are far from being sufficient, thus the need to attract financing from abroad. The US has to raise interest rates to attract foreign capital and at the same time has to let the dollar fall in value to increase the price of imported goods which will help rebuild the lost manufacturing industry in the USA. The two of them don't go together. It is now only a matter of time before a national sales tax will replace tariffs to be.

As this dynamic with the US dollar plays out, most western central banks will have to buy massive amounts of foreign exchange reserves or their respective currencies will gain in value and their economies will be hurt. Owning US bonds in the future will be a bad idea for them and all other investors of US$ denominated debt as the dollar falls in value. The US Fed will become the biggest buyer of Treasury bonds. The Fed will do it by printing thin air credit units that become debt units that then circulate as IOU's in our system of so called money that will need ever more taxes to service those circulating debt IOU's. Debt IOU's are now our money supply. Debt to keep the system going is what we are best at when it comes to manufacturing. We produce a lot more of it then anyone else on the planet earth. As long as institutions and entities can create debt out of their own stock currency, and in the process increase the quantity of debt held as an asset, the USA will continue to live off of ever more debt. Only when that currency becomes worthless will this stupidity stop.

Most Asian bond markets are now net sellers of US$ denominated assets, so they can invest in Asian assets that gives them a better yield. As the US moves into more inflation via dollar devaluation, other currencies will go up in value. China is trying to build a diversified portfolio of Asian bonds and sell US$ denominated assets to pay for it.

The USA has experienced 30 some years of mostly cheaper prices in goods and higher prices in the value of assets. That is changing. We are now in a new short term paradigm of falling asset prices and rising prices for goods and services with the exception of agricultural prices, but that will be short lived. The tariffs will equalize trade for both China and the USA and at the same time bring in needed revenue for both countries. Both countries will replace the tariffs with a national sales tax, sooner or later.

Yesterday I visited the Atlanta Texas Walmart and I was surprised to find that Walmart is increasing the prices on goods. They know what is coming.

Politicians in the United States keep kicking the can down the road on the debt issue because the national debt is a long-term problem that won't affect whether or not they get re-elected. Debt/deficit issues are not going to affect much in the short-term and the average citizen doesn't see these issues as significant problems that need to be addressed. But that is a mistake.

The writing is on the wall. At some point, you have to start cutting expenses to keep the debt from growing ever faster. Net interest on debt is now a top five budget item and at the rate we are going it will soon be the #1 budget item. America is not too big to fail.

The beginning of parity of thought, Limited gold on the horizon
(Brett Star)
04/05/2018 - 10:47
09/26/2018 - 10:47

Bloomberg....a step above the pundits, the Bitcoin theory may work.


Wednesday, September 26, 2018

Seventy-five percent of all gold in circulation has been extracted since 1910