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THE Precious Metals: Gold Thread 2023 (Merged)

Discussions about the economic and financial ramifications of PEAK OIL

Re: THE Precious Metals: Gold Thread 2023 (Merged)

Unread postby theluckycountry » Wed 02 Oct 2024, 20:58:17

You made it down!
Good Boy Good boy

Image

Now we're going up to the EV thread ok. Ev Ev. I'll see you there Boy.
The 'peak oil' story is not over by any means. Fracking was a desperate and ruinous sort of pause, which has been used to crank up demand.
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Re: THE Precious Metals: Gold Thread 2023 (Merged)

Unread postby theluckycountry » Sun 06 Oct 2024, 14:21:18

poland Now Has More Gold Reserves Than The UK
Adam Glapiński, (No relation to AdamB) president of the National Bank of Poland, announced at a press conference on Thursday that “on behalf of all Poles,” the bank now has 420 tons of gold, making it part of the “exclusive club of the largest holders of gold reserves in the world,”
https://rmx.news/article/poland-now-has ... an-the-uk/

Whose stockpiling Gold across the Planet? Well the BRICS for the most part, they have all but formally stated they intend to use it to stabilize their future currency, which they have all but formally declared. Governments always return after periods of rampant inflation. Always abandon Gold when they want to go on an inflation binge.

Poland is an interesting Nation, betrayed by the West in WWII, sacrificed as an Offering you might say, they are hedging their bets this time around. I wouldn't at all surprised if they were the first western nation to join the BRICS.

"Oh they are a part of NATO!" What is NATO but the long arm of the US, with London in there somewhere too no doubt. As a European force it became redundant after the collapse of the USSR

When was the USSR dissolved?
December 26, 1991

Twenty-five years ago, on March 24, 1999 NATO launched 11 weeks of air strikes on Yugoslavia to force it to end its bloody crackdown on separatists in Kosovo. It was the first time NATO had attacked a sovereign state in its 50-year history and remains a source of deep resentment both in Serbia, home of the former Yugoslav capital Belgrade, as well as in fellow Slavic ally Russia.
https://www.barrons.com/news/when-nato- ... a-37e4555d

Camp Bondsteel is the operation headquarters of the Kosovo Force (KFOR) in Kosovo. It is located in southeastern Kosovo. It is the Regional Command-East headed by the United States Army (U.S. Army) and it is supported by troops from Greece, Italy, Finland, Hungary, Poland, Slovenia, Switzerland and Turkey.

Why did NATO interfere in the domestic affairs of a sovereign state? That's not it's charter. Clearly to give the US a foothold in the region.
Across Latin America, Asia, Africa and the Middle East critics of European imperialism and American interventionism took a similar view, leading to mass anti-NATO demonstrations. "Is NATO's work to prevent war or to fuel one?" asked India's prime minister Atal Bihari Vajpayee.

The strikes on the Serbian capital Belgrade, Kosovo's capital Pristina and other cities and towns began on the evening of March 24. Over the 11-week "Allied Force" campaign, NATO carried out 38,000 sorties and 10,000 bombardments. After running out of military and regime targets, NATO's focus shifted to infrastructure such as petroleum and power plants, roads and railways.

One of its most controversial strikes targeted Serbian state-run broadcaster RTS. Sixteen employees were killed in that bombing, which NATO justified on the grounds that the broadcaster was part of Milosevic's propaganda machine. NATO blunders such as the bombing of the Chinese embassy in Belgrade due to a CIA mapping error that left three dead, and an attack on an Albanian refugee convoy that left scores dead, increased global opposition to the campaign.



Camp Bondsteel One of the largest imperial US bases abroad
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The 'peak oil' story is not over by any means. Fracking was a desperate and ruinous sort of pause, which has been used to crank up demand.
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Re: THE Precious Metals: Gold Thread 2023 (Merged)

Unread postby theluckycountry » Wed 16 Oct 2024, 04:09:42

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Gold punches through $4000 Australia, who would have though that 20 years ago? But who could have anticipated the inflation we have been living under.

Image

We have see a 600% increase in the gold price over that period, so an ounce bought for $600 in 2004 is now worth $4000.

House prices have gone up 200%, Wages 200% at best. I know the arguments for rental houses, you don't have to pay upfront, but I saw enough people lose those in the 2008 collapse and subsequently when the mortgages reset to know they are not "As Safe as Houses". The media spin the stories of fabulous wealth in your retirement and then you have to live with reality. Every 10 years or so houses look like a good investment again but then the arse falls out of the market after the boom, the rates go up, or the government changes the tax codes.

But just keep buying ounces of gold and silver as you can and don't trust your money to the banks and you're rewarded by a generous increase in your money. That was what we said on the forums when Gold was $600 and Silver $4.50. They thought we were mad.

It's just tracking inflation, that's all it does.
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The 'peak oil' story is not over by any means. Fracking was a desperate and ruinous sort of pause, which has been used to crank up demand.
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Re: THE Precious Metals: Gold Thread 2023 (Merged)

Unread postby theluckycountry » Wed 16 Oct 2024, 04:20:57

Silver and gold’s staggering ascent during German hyperinflation of the 1920’s
New charts vividly illustrate the staggering ascent of precious metals during the period of catastrophic hyperinflation which brought Weimar Germany to its knees in the early 1920’s.

Silver prices rose from 12 Deutsche Marks in January 1919, only months following the conclusion of the First World War, to the astronomical sum of 543,750,000,000 Deutsche marks by the end of 1923, while gold rose from 170 Deutsche Marks to 87,000,000,000,000 by the end of the same period.
Sign Up for the Precious Metals Digest

Silver Doctors believes that the visual illustrations and historic reminders of rampant inflation’s impact upon commodities prices is especially relevant at present, given the looming parallels between the travails of Weimar Germany in the twenties and the impact of repeated rounds of quantitative easing by the Federal Reserve and European Central Bank.
https://www.mining.com/how-silver-surge ... 20s-91871/

2 Comments

JD Bartlett
September 27, 2015 at 1:08 am

Actually it does not appear so, or so I think. When I was in high school in the 1960’s a neighbor of mine was in high school in the 1920’s in Germany (His American family was there on/with a U.S. mission/corporation). He said that a full lunch (with coffee and beer, and dessert) was about 25 cents (U.S. silver coin) in 1920, and still 25 cents in 1923. The German mark prices were about 20 marks (?) at first, then going up to millions of marks in 1923 (as far as he could remember). Of course you could buy various (German) goods for U.S. currency far, far cheaper than with German paper money.

--------------------------------------------------------------------------------------------------------------------------------
Because at the time, US currency was based on Silver and Gold.
The 'peak oil' story is not over by any means. Fracking was a desperate and ruinous sort of pause, which has been used to crank up demand.
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Re: THE Precious Metals: Gold Thread 2023 (Merged)

Unread postby theluckycountry » Wed 16 Oct 2024, 04:48:04

Now pay attention, this is the future.
The 1923 hyperinflation forced the Weimar government to confront its own extinction. There was open talk that the government might be removed by a popular revolution or a military putsch. An attempted coup in Munich, launched by Adolf Hitler and the NSDAP in early November 1923, appeared a sign of what might come.

The crisis brought about the collapse of two cabinets, as ministers bickered about the best way to end the crisis. It was Hans Luther who produced the eventual solution. Luther, a local politician from Magdeburg who had previously rebuffed positions in the cabinet, was appointed finance minister in early October 1923.

By the end of October, Luther had ordered the formation of a new reserve bank (Rentenbank) and a new currency (the Rentenmark). The value of the Rentenmark was indexed to the value of gold – though it could not be redeemed in gold, since the government had no gold reserves. One Rentenmark was initially valued at one billion ‘old’ Reichsmarks, while foreign exchange was pegged at 4.2 Rentenmarks to one US dollar.

Luther’s currency reforms were accompanied by other drastic changes, such as increased taxes, cuts to government spending and salaries, and a reduction of the public service by almost 25 per cent. These measures might have produced outraged protests a year earlier but the German public, exhausted by months of rampant hyperinflation, were by now willing to accept them.
https://alphahistory.com/weimarrepublic ... inflation/

Did you see that last bit. "but the German public, exhausted by months of rampant hyperinflation, were by now willing to accept them."

That's how major changes are pushed through. The Government presides over a total disaster, then offers the Harsh solution and everyone accepts it because they have no choice. You will see this come to pass in a few short years I believe. A catastrophic financial collapse and the solution, no doubt a cashless society with a centralized digital currency. Along with a restructuring of pension funds public and private etc etc. Like the 1930's transition, then from Gold to paper for the masses and a wipeout of stocks and banks.
The 'peak oil' story is not over by any means. Fracking was a desperate and ruinous sort of pause, which has been used to crank up demand.
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Re: THE Precious Metals: Gold Thread 2023 (Merged)

Unread postby Armageddon » Fri 18 Oct 2024, 17:20:11

So glad I backed up the truck in 2018 @14 silver and $1200 gold. Whoever use to follow my posts, I told you to load up. I said 3T deficits are coming and there’s no way to stop them.
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Re: THE Precious Metals: Gold Thread 2023 (Merged)

Unread postby careinke » Sat 19 Oct 2024, 05:27:31

Armageddon wrote:So glad I backed up the truck in 2018 @14 silver and $1200 gold. Whoever use to follow my posts, I told you to load up. I said 3T deficits are coming and there’s no way to stop them.


BTC on 19 October 2018 was $6,467 today it is over $68,000 over a 10X gain
AG on 19 October 2018 was $14 today it is over $33.93 over a 2.4X gain
AU on 19 October 2018 was $1,200 today it is over 2,736 over a 2.2X gain

I think you backed the truck up to the wrong docks. :-D I used your numbers for price, but I don't know exactly when you bought so the timing may be off a little. I know you knew about BTC, because it has been on this site prior to 2014, when I bought my first BTC at $400.

Since 19 Oct 2018, my copilot tells me the dollar's value has dropped by 20%. So, in 2018 dollars they are worth about:
BTC = $54,400 over an 8.4X gain
AG = $27.14 over a 1.9X gain
AU = $2,188 over a 1.8X gain

Hmm, that makes it even worse for the precious metals compared to BTC. Hold on, just for grins, I'll run the numbers for the DJIA, S&P 500 and NASDAQ taking into account a 20% decrease in buying power of the U.S. dollar since 2018.
DJIA = $34620 over a 1.3X gain
S&P 500 = $4691 over a 1.6X gain
AMEX = $1479 over a 1.9X gain Interesting enough, a better return than gold. Go figure.

Feel free to check my numbers and point out my errors. But it looks like BTC did about 400% better than precious metals AND the U.S. stock market.

It's not too late to get in.

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Re: THE Precious Metals: Gold Thread 2023 (Merged)

Unread postby Armageddon » Sat 19 Oct 2024, 09:21:35

I’m not a crypto believer. I’m buying what govt and central banks are buying, Which is gold and silver. They must know something, which is becoming more obvious daily. All fiat systems throughout history have collapsed, and this one will be no different.
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Re: THE Precious Metals: Gold Thread 2023 (Merged)

Unread postby theluckycountry » Sat 19 Oct 2024, 11:23:47

Armageddon wrote:So glad I backed up the truck in 2018 @14 silver and $1200 gold. Whoever use to follow my posts, I told you to load up. I said 3T deficits are coming and there’s no way to stop them.


Debt is one thing but deficits must be reconciled in short order or your trading partners simply won't trade with you. With the majority of the resource producers joining the BRICS this will be a serious problem for the West. "Sure well trade with you, how much gold have you got?"

Numismatic News

Russia’s Central Bank to Acquire Silver Reserves
Russia’s Draft Federal Budget for the coming year includes plans for the nation’s central bank to continue adding gold, platinum, and palladium reserves and acquire silver for the first time.

Patrick A. Heller
Oct 18, 2024

Russia’s central bank announced that it plans to purchase silver as part of its reserves, a move that could significantly raise the price of silver in the coming months. For at least 20 years until recently, the only precious metal that central banks held in their reserves was gold. Global central banks, in total, have been strong net buyers of physical gold for the past several years. As one example, Poland’s central bank gold reserves now exceed those held by Great Britain.

Recently, Russia’s central bank also started adding platinum and palladium to its reserves. This is sensible as that nation is among the world’s largest producers of both metals. Two weeks ago, Russia’s Interfax reported that Russia’s Draft Federal Budget for the coming year includes plans for the State Fund, that nation’s central bank, to continue adding gold, platinum, and palladium reserves and, for the first time, also to acquire silver.

Last year, Russia was the world’s eighth-largest silver producer, at 38.5 million ounces. It is far less important to Russia’s economy than the value of its gold, platinum, and palladium industries. In that sense, it might not make sense for Russia’s central bank to acquire silver. However, this could be a shrewd move. On April 29, 2011, the COMEX closing prices for gold, silver, and palladium were $1,556.50, $48.59, and less than $800. The prices of gold and palladium have far outperformed that of silver since then, meaning that today’s silver price could prove to be a real bargain.

Silver has also seen a dramatic increase in demand in recent years for industrial applications such as photovoltaic, antibacterial, and electrical conductivity purposes. As a result, new and recycled silver supplies have fallen far short of meeting physical demand. The Silver Institute reports and forecasts that from 2022 through 2024, global supplies of 3.030 billion ounces of silver will fall short of meeting demand by a combined 663 million ounces.

In decades past, the US government and the central banks in India and Mexico held silver as part of their reserves. Thus, the concept of Russia’s central bank acquiring silver as part of its reserves is not new. But it could be spectacularly profitable for the Russian government. If this happens, don’t be surprised if the price of silver jumps at least fifty percent within the next 24 months.
https://www.numismaticnews.net/coin-mar ... r-reserves
The 'peak oil' story is not over by any means. Fracking was a desperate and ruinous sort of pause, which has been used to crank up demand.
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Re: THE Precious Metals: Gold Thread 2023 (Merged)

Unread postby theluckycountry » Sat 19 Oct 2024, 11:33:12

careinke wrote: BTC on 19 October 2018 was $6,467 today it is over $68,000 over a 10X gain
I think you backed the truck up to the wrong docks. :-D

In late 2018 NVIDIA was $3.17 a share Today it is $137 over a 43X gain
I think you backed the truck up to the wrong docks :-D
The 'peak oil' story is not over by any means. Fracking was a desperate and ruinous sort of pause, which has been used to crank up demand.
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Re: THE Precious Metals: Gold Thread 2023 (Merged)

Unread postby Armageddon » Sat 19 Oct 2024, 12:58:53

theluckycountry wrote:
Armageddon wrote:So glad I backed up the truck in 2018 @14 silver and $1200 gold. Whoever use to follow my posts, I told you to load up. I said 3T deficits are coming and there’s no way to stop them.


Debt is one thing but deficits must be reconciled in short order or your trading partners simply won't trade with you. With the majority of the resource producers joining the BRICS this will be a serious problem for the West. "Sure well trade with you, how much gold have you got?"

Numismatic News

Russia’s Central Bank to Acquire Silver Reserves
Russia’s Draft Federal Budget for the coming year includes plans for the nation’s central bank to continue adding gold, platinum, and palladium reserves and acquire silver for the first time.

Patrick A. Heller
Oct 18, 2024

Russia’s central bank announced that it plans to purchase silver as part of its reserves, a move that could significantly raise the price of silver in the coming months. For at least 20 years until recently, the only precious metal that central banks held in their reserves was gold. Global central banks, in total, have been strong net buyers of physical gold for the past several years. As one example, Poland’s central bank gold reserves now exceed those held by Great Britain.

Recently, Russia’s central bank also started adding platinum and palladium to its reserves. This is sensible as that nation is among the world’s largest producers of both metals. Two weeks ago, Russia’s Interfax reported that Russia’s Draft Federal Budget for the coming year includes plans for the State Fund, that nation’s central bank, to continue adding gold, platinum, and palladium reserves and, for the first time, also to acquire silver.

Last year, Russia was the world’s eighth-largest silver producer, at 38.5 million ounces. It is far less important to Russia’s economy than the value of its gold, platinum, and palladium industries. In that sense, it might not make sense for Russia’s central bank to acquire silver. However, this could be a shrewd move. On April 29, 2011, the COMEX closing prices for gold, silver, and palladium were $1,556.50, $48.59, and less than $800. The prices of gold and palladium have far outperformed that of silver since then, meaning that today’s silver price could prove to be a real bargain.

Silver has also seen a dramatic increase in demand in recent years for industrial applications such as photovoltaic, antibacterial, and electrical conductivity purposes. As a result, new and recycled silver supplies have fallen far short of meeting physical demand. The Silver Institute reports and forecasts that from 2022 through 2024, global supplies of 3.030 billion ounces of silver will fall short of meeting demand by a combined 663 million ounces.

In decades past, the US government and the central banks in India and Mexico held silver as part of their reserves. Thus, the concept of Russia’s central bank acquiring silver as part of its reserves is not new. But it could be spectacularly profitable for the Russian government. If this happens, don’t be surprised if the price of silver jumps at least fifty percent within the next 24 months.
https://www.numismaticnews.net/coin-mar ... r-reserves



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Re: THE Precious Metals: Gold Thread 2023 (Merged)

Unread postby theluckycountry » Mon 21 Oct 2024, 15:52:31

Image

Up a grand per ounce in a single year. Now that's something to be happy with. If I could squeeze another bike into the garage I might be tempted to sell some. That's the secret with investments, you don't hoard them forever, you enjoy their fruits along the way. Of course it's a lot more tempting to do that when you can sell them tax free, which is Impossible with all digital based assets which have a paper trail. Even $hitcoin has a paper trail, from bank to exchange back to your bank account. No avoiding it.
The 'peak oil' story is not over by any means. Fracking was a desperate and ruinous sort of pause, which has been used to crank up demand.
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