Any Gold Stackers on SD?
- Thread starter Bo Diddley
- Start date
Paper money and fiat currencies have always been worthless irrelevant of whatever value is bestowed upon them via sentiment. I mean it literally doesn't even exist in the banking system. The fractional reserve banking system is a joke. It wouldn't take much for a run on the banks to result in epic meltdown.
Gold and Silver and other scarce assets are simply repricing as they do historically. Gold has done relatively little in recent years and has just been on a tear up to bring it back to par. I think it will keep going though for a few more years but expect a decent dip in to the half cycle low that is coming. Then another up period i suspect. I wouldn't be surprised to see a $10,000+ price per ounce in the coming years.
Likely due to a huge period of more money printing and velocity will increase again and a period of "calm" will fall over us once more which could be more accurately described as a "veil of financial security, propped up by China's and the rest of the world's investment in the US bond market"
Hard to know when it will end but it will. We are much much closer to the end of the USD being world reserve currency than the beginning. Not sure how much longer it has. 20yrs tops maybe. Still cannot make my mind up whether China will really get its act together and the Yuan will take over or if it will end up being Bitcoin or some other technological scarcity that becomes the next thing. I don't see gold underwriting global wealth again though, it is too old hat and simply lacks the efficient utility that is needed in a linked up modern world. It will always keep value over the long haul though.
Bo Diddley
Well-Known Member
What about BRICS, do you think they can launch a new default currency to end the dominance of the USD
kenbro
Well-Known Member
You can always take gold with you (If moving about) but not so easy to guarantee where your Bitcoin is, or even accessible.
Good friend died a few year back and he told us he invested in gold.
I was present when his safe was opened….what could be easier than than for all involved?
KB.
Good friend died a few year back and he told us he invested in gold.
I was present when his safe was opened….what could be easier than than for all involved?
KB.
Bo Diddley
Well-Known Member
OK while you stay on these shores Ken...
Bit of a bugger getting through customs with a wheel barrow full of gold and silver... Crypto on the other had... very easy to access it around the world..
Potentially but I don't think it will be deflationary and it will likely just be a digital version of the current type of BS we have to put up with.What about BRICS, do you think they can launch a new default currency to end the dominance of the USD
It is clear that major financial countries are backdooring stablecoins in to the world economy but not because they want to or want to cede control to a third party but because Tether and Circle buy huge amounts of US debt. It has been a while since I looked in to it but both were underwriting their significant dollar stablecoins with large holdings of US Treasuries. I think it was approacing quarter of a trillion dollars worth or some insane total.
This helps the US dilute the possible lack of demand from the usual purchasers like China and Japan and other mainstream countries. That is essentially the issue USA has. Can US bonds continue to be attractive to other countries or investors? And if not, how much higher could the yields go? If Tether and Circle soak up a good amount, it keeps the wolf from the door in terms of the bond market repricing in a way that harms the US and the need for it to print even more to service its debt.
I mean it is all a mess and that doesn't take in to account the potential petrodollar saga that could rear its head. Oil production is obviously going nowhere and historically the Middle East has parked large chunks of its vast wealth in to US treasuries. If it felt there was genuine weakness there, could it look at buying up different assets? What would those assets be? Something has to be brewig somewhere. It just seems ludicrous that this facade of financial security can continue.
Agreed but I'm not going to wake up one morning and someone has switched my silver off !
RJD
Well-Known Member
2028 looks rough, watch what Trump is doing and why… Gold looks toppy with too many sellers .. tech stocks toppy and ramped by AI bubble and net zero bubble … Trad energy/mining look good… Water rights buyers also string but tough to access… personally I’m going heavily into ETH, looks cheap
That might apply to the vast overwhelming majority of the crappy crypto projects but I think Bitcoin will likely be ok. The mining difficulty adjustment will take care of quantum being able to easily mine all remaining Bitcoin but the real risk is quantum circumventing the foundation cryptography of Bitcoin, ECDSA. That will require a hard fork on the network to introduce post quantum cryptograhpy which is being worked on by core developers.
Complacency is not something that is centric to Bitcoin. That can always change but I think there are greater concerns from quantum computing advances. And they are if government and military installations are compromised. In that event, I doubt very much that our concerns will about how hard money is being affected. Staying alive and healthy will be a greater concern.
Back to the OP in terms of precious metals. I have today heard of a couple of people in America being unable to sell silver and other sellers being offered $5 per ounce under spot. Not entirely unexpected given the price. Unless I was holding with a low time preference, I think I might consider lightening the load a little. I imagine main stream traders/buyers are getting a little twitchy. Nobody wants to be left holding the bags, which is normally optimistic retail.
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