Yea....well how do I look.....I sold 5oz gold when it hit $3,400....I figured I could buy it back, when it went to 3k....as usual....my plans NEVER seem to work out......
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Official ODT Silver Thread
- Thread starter roscoe1911
- Start date
If only we had a crystal ball........Main thing is to make money. I can tell ya I'd already cashed out before now if I had invested in 2020. Yes it would've been a great profit, but not like now
At the risk of stating the obvious, the scary thing here is how many MORE dollars it's taking to buy an ounce of silver/gold, and especially, how quickly it's been happening.
When the Powers-that-be inevitably decide the USA, and our disposable currency have outlived their usefulness ( or it's simply gotten to difficult to suppress/ inflate the values of everything involved here), then things go sideways in a way that'll make the Great Depression seems like a nostalgic historical footnote.
And what's REALLY scary.....is that none of that is hypothetical conjecture......it's a mathematical certainty.
And rest assured, what comes next, is already in place. And we're not gonna like it.
When the Powers-that-be inevitably decide the USA, and our disposable currency have outlived their usefulness ( or it's simply gotten to difficult to suppress/ inflate the values of everything involved here), then things go sideways in a way that'll make the Great Depression seems like a nostalgic historical footnote.
And what's REALLY scary.....is that none of that is hypothetical conjecture......it's a mathematical certainty.
And rest assured, what comes next, is already in place. And we're not gonna like it.
It'll take something common place jumping in price 10x overnight for that to happen. Tomorrow morning gas is $25 a gallon.....yea. Short of that, our currency is backed by the strongest government there has ever been.
.....and that government is backed by a fading fiat currency, that has long since had it's foundation completely eroded, and the rest of the world has long since taken notice, and have been making substantive moves to sidestep it, and their exposure to it. Bretton Woods means less and less, with every passing day. Many countries have repatriated their US-held gold reserves, and have been conducting international trades without the once-supreme US dollar, using gold, oil, or their own currencies, and this trend can only escalate. We're at the end of a giant game of musical chairs, and there will inevitably be a frantic rush for that last chair. It'll be surprisingly fast, with little warning. We're seeing the warning signs now.
Just paused, gathering steam for its run to $50.
Sir all currency is faith based on demand. Nobody's money is backed by something everyone wants. The US is a top consumer, globally. That's why our money is still mostly good, globally. Sure someone can stop taking it, but what then? A farmer gets 100 eggs a day and he needs to sell 85 of them to survive. His number 1 customer buys 60, and everyone else buys the rest except a few. Is he going to stop taking the currency of the 1 customer because it not backed by faith anymore?
And there's the rub. The entire charade is a rigged game, one that is ultimately destined to fall. It's happened repeatedly through all of human history, it's LITERALLY inevitable !! ( or, as i said earlier, "a mathematical certainty")
ALL regimes, empires, and currencies eventually crumble, and the current consumer inflation, and rapid rise in gold price, is a HUGE red flag, that we're tiptoe-ing through a minefield ( unless all of human history, simple math, and Economics 101, have no relevance whatsoever?)
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