The US had a paper currency. We all knew what happened to paper currencies. Over time, all paper money reverted to its inherent value — which was zero. Weimar...here we come!
Gold is the standard of value. Gold is valued in US dollars. The dollar price should not need to be inflated or deflated to adjust for inflation. The ounce of gold that went up to $875 on January 21, 1980, meant the US dollar lost value, and its lowest value was on that date. The dollar regained value because it took fewer dollars to buy the same ounce of gold when the price of gold, in dollars, dropped to $259. Gold's purchasing power does not change in terms of gold, only in terms of the currency you are converting it to. Gold's purchasing power can only be affected by supply and demand for the products and services being purchased with gold.
This inconsistency of saying an investor is earning a return on gold when it has gone from $2,000 to $3,600 is wrong. The value of the dollar changed, not gold. The dollar has lost value. Between Bill Bonner, Tom Dyson, and Dan Denning, this point gets lost.
If I am correct in reading Bill's write ups. Gold is an insurance policy . .More or less. I may be wrong as I do not see it as an "investment" . However I may be wrong . I did make a mistake once. LOL
Excellent point Byron. "Gold is money and everything else is credit." So why would gold be adjusted for inflation. The dollar is constantly adjusting for inflation.
The only way gold can get hammered now (or ever) is if there is a sharp reduction in the desire for a safe haven from a depreciating dollar. What could make the dollar stabilize? Can't raise interest rates to 18% like Volcker did. Will Congress have an epiphany and balance the budget?? HAHAHAHAHA. However.... if the Mar-A-Lago accords is a thing and Bessent and Trump succeed in revaluing gold from $42 to whatever is required to once again back the dollar with gold, the dollar would be saved, and Congress would be forced to balance the budget. Of course, that also entails a 40% devaluation in the dollar, which would be painful short term but balance trade issues in the long term. I doubt they'll be able to pull it off, but it's an interesting gambit.
You ever notice how when you find some gold, it’s your gold… but when the government finds out, suddenly it’s their gold?
They’ll let you stack it, polish it, even kiss it, until you try to use it. Then you get hit with a “gold security fee,” a “gold transfer fee,” hell, probably a “you looked at your gold too long without permission fee.” And if you don’t like it? They’ll temporarily pause your ability to sell. Which in bureaucrat-speak means “bend over and don’t squeal too loud.”
Free country my ass. You’re free to shut the hell up, pay the fee, and pretend you’re rich while you’re broke.
You think you have three million dollars in gold?! Guess what, buddy? After taxes, fees, IRS, and some made-up “gold babysitting surcharge,” you’ve got..wait for it…HALF!
And then, THEN, they tell you, “Sorry, you can’t sell right now. It’s illegal. National emergency!” Meanwhile, the same clowns are SELLING your gold to each other in back rooms for half price. You’re broke AND censored, congratulations, welcome to America!
Yup, the whole thing’s a scam. You buy gold at three grand an ounce, you think you’re a genius, right? “Look at me, honey, we’re millionaires!” Then the government comes in like a drunk uncle at Thanksgiving, “Actually, we’re gonna take half of that. Also, you can’t sell any today. Oh, and by the way, disagree with us and we’ll fire you, jail you, or ban you from Facebook.” And you’re sitting there, pants down, like, “Wait, isn’t this the land of the free?” No, it’s the land of the fee. They just pronounced it wrong.
They say gold’s real money, right?
Real wealth. Can’t be inflated, can’t be manipulated. Unless, uh… unless the government decides to just… take it. You know. Like everything else. Yeah. So now you got three million in gold, but you can’t sell it, can’t touch it. So what are you gonna do? Eat it? ”Hey, honey, I just swallowed another Krugerrand, guess we’ll be fine for dinner.”
And when you complain, they’ll censor you. Because nothing says freedom like being silenced for pointing out you don’t have any.
For all that to happen you have to be a willing participant. Change where and how you buy, sell, store and use your Gold, Gypt - there are many people and organizations out there that don't play at all by the "rules" you laid out......
Yes, yes, yes! A willing participant. That’s the secret, isn’t it? See, I’d love to go off the rails, sell gold outside the rules, maybe even, God forbid, keep what I earned. But I can’t do that.
WWTD?
I look up to our leaders. Our current Administration, the most trustworthy people since Christ himself. Who needs morality when you’ve got Trump, Fed, and IRS morality, huh?
You don’t need Ten Commandments anymore, you just need ten thousand regulations. And blessed are the bureaucrats, for they shall inherit your gold.
Yeah, I wish I could cheat the system! But I can’t, It would be immoral! I have to follow the Administrations example! They’re pure! Holy! Loving! Honest! Fair! And I want to be embraced in the Kingdom one day! Right after they confiscate my gold and send me to jail!
Look Star-Man, there are organizations that don’t play by the rules. Criminals, rebels, free thinkers. Disgusting, right? Me? I’m not like that. I’m a true patriot.
I want to follow the shining example of President Trump and his Administration. Because when I look at them, I see integrity. I see fairness. I see a bunch of guys and gals who’d stab me in the back, charge me a fee for the knife, and then sue me for bleeding on federal property. But hey, that’s leadership, baby. 🤩
People say you can go around the rules. You can buy gold in the shadows, trade it under the table. But me? No, no, no. That’d be wrong. Immoral, really. You gotta do what’s right. You gotta trust your leaders. Because they always do what’s best for us. And when I die, I wanna walk up to those pearly gates and see all the politicians up there, smiling. Yeah. Waiting for me. You know… heaven. Of course, if heaven runs like the DMV, I’m gonna be in line for eternity. But hey, rules are rules pal.
Love the dripping, saccharin Sarcasm (with a capital "S".)
Um, I'm not advocating breaking any existing laws or dealing with shady or otherwise criminal people. Everything I do regarding Gold is above-board and legal - but maybe things are just different here in the Free State of Florida, I dunno.
I DO know that I deal with reputable Coin/Bullion Dealers, with brick-and-mortar locations, websites and telephone numbers. They typically don't require ID or issue receipts (unless requested) on transactions under $10k. For larger commerce, there is a fed government form that must be filled out - so the LEGAL answer is to take multiple, small bites as required by your circumstances. The MORAL answer is to report the results of your dealings as required - the specifics are rarely necessary unless undergoing an audit. Note I am the farthest thing from a Tax Attorney, so take from my words what you will.
I'm kinda disappointed, Gypt. You should know I would never recommend doing anything illegal - at least for now. I am a Patriot as well, just like your hero President Trump.... ;)
Sounds to me like you’ve got two TVs? Boy, you must be rich! (Back to the Future)
That’s like bragging about having two working kidneys in Washington, it doesn’t mean you’re rich, it just means you haven’t been audited yet. Lol
And yeah, you’re right, everything’s above-board, legal, and patriotic… just like every other great idea that came out of D.C. You know, where politicians have their heads shoved so far up their wazooooo they can taste their own campaign donations.
Don’t worry Star-Man, I know you ain’t dealing shady, nah, you’re doing it right! Brick-and-mortar shops, receipts under 10k, tiny bites like a hamster with an MBA! AHHHHHHHHHH! Meanwhile in Washington they’re sitting around, sucking on their own waste like it’s a milkshake!
You’re a cosmic traveler streaking across the galaxy like a comet made of bullion, a blazing tax-compliant fireball. Meanwhile, in the Free State of Florida, you’re nibbling gold like hors d’oeuvres: ten grand here, nine-nine-nine-nine there. Legal, moral, patriotic! You’re like the James Bond of receipts. 🤩 But in D.C.? Those guys couldn’t fill out a fed form if you stapled it to their foreheads. They’re too busy taste-testing their own policies and Spoiler: they taste like crap!
Me, I got one TV, so I guess I’m middle class. Washington’s got… no TVs, just mirrors. Anyway Star-Man, keep it legal brotha. You’re a comet. A legal comet. Just don’t burn up in the atmosphere. Heh. Yeeeeeeah!
Great article, Bill. Didn't buy gold but bought a small gold/copper/silver royalty company and have already doubled my investment and the big move is just getting started. You youngsters had better take heed get some physical silver coins to have to but food, gas and other essentials, when the crap hits the fan. It may be very difficult to use Cryptos to buy essentials.
Isn't this the point where we test the "Dow to Gold" theory? The reading of the attendant chart to =/<5 indicating the crossover point for moving back into the Dow? Ideally, just in time to avoid a major loss of capital (perhaps allowing a bit of loss?) with our investment in Gold?
Hmmm - let me try to save you the heartache of a popped cherry, Bill....
This time is different (yes, I know how that sounds.) We are in WAY too deep spending & debt-wise, our Nation is WAY too fractured as a cohesive, rally-able population, the world is WAY beyond looking to our fiat garbage to once again save anyone's bacon and our Real Production abilities are WAY too lacking to provide enough cushion to ride out any financial reckoning. In Other Words, we're cooked (𝘁𝗵𝗮𝗻𝗸𝘀 𝘁𝗼 𝗱𝗲𝗰𝗮𝗱𝗲𝘀 𝗼𝗳 𝘀𝗰𝘂𝗺𝗯𝗮𝗴 𝗱𝗶𝗺𝗼𝗰𝗿𝗮𝘁𝘀 𝗮𝗻𝗱 𝘀𝗽𝗶𝗻𝗲𝗹𝗲𝘀𝘀 𝗿𝗲𝗽𝘂𝗴𝗻𝗶𝗰𝗮𝗻𝘁𝘀) and Gold is only going up from here until all bets are off.
But obviously Bill Bonner knows this and has been warning about the irreversible, terminal changes solidifying over the past 20-30 years. Don't get your hopes up for Monday's missive - it will likely provide 𝗮𝗻𝗼𝘁𝗵𝗲𝗿 accurate description of our money and our Country's unavoidable demise.....
No disrespect to Lady Thatcher, but she has it backwards. We are born free. Societies that recognize this do not and cannot "allow" the individual's right to flourish. It's not their job. They can only serve to prevent infringements upon that flourishing....
So good stuff today Bill. I particularly enjoyed your comments related to Keynesian economics vis-a-vis to what destrcutiveness we have today i.e. Monetarism. The Monetarist are the sycophants and parasites who emerged after 1971 to reflect the true nature of the human condition which, with some exceptions some of the time, are scallywags and knaves who take advantage of all things that will benefit their lot in life. The natural state of relatively advanced and advanced economies is complexity. Adam Smith's "Invisible Hand of Wealth" understood this dynamic construct very well. He understood the nuance of the infinitestimal free and well calculated exchanges between and among players that move economies in honest unison toward balance, safety, and prosperity. Smith understood the nature of economic systems; by way of an analogy, free economies are like murmurnations, you know when Starlings move in unison and at speed and insync in a pattern with purpose. Why do they do this? They do this intuitively as part of their DNA for protection from prey. Maybe Adam was on to something.
338378 Would your "Nixon" story be more revealing if you started it with the president before Nixon -- Lyndon Johnson ? The cost of Johnson's two wars fell to Nixon's adminstration. France was cashing Dollars for Gold. This cashing is what Nixon stopped. You have a better idea?
It seems what is being talked about here with gold at its prior high is that demand for dollars did change and hence gold became less valuable. Dollars were needed to buy stocks and bonds because the government had topped rates and would at that point in time lower rates i.e. boost stock prices. I think the mantra that gold is constant in value and everything else is credit is wrong in this sense. All these values change in demand and supply, gold too. It would be absurd to think gold is always stable in value, much as anything is always stable in value. It is one way to think about gold vs the dollar, gold is more stable long term. But there is no doubt that gold's value drops when dollars are needed to buy stocks, which are soaring. Gold's value long term is more stable than the dollar but short term is a different story. If the economy were to boom right now and stocks take off like a rocket due to that growth the value of gold would likely fall as society sells their gold position to play the stock market's momentum.
My take is this relationship is not a constant. It changes just like everything else changes when demand changes. So right now the question is "Is gold going higher?" My interpretation is that investors are asking that question more pervasively. Trump, Bessent and Miran have a which may more may not work but it is being implemented along with other plans. So far it seems lots of those plans are working, wokism, climate change, censorship and control, left wing BS and DOJ, FBI and CIA conspiracies are all declining. Will Trumps monetary and growth plans work along these other victories? Everyone's waiting to see if Trump can change economic growth. Well,... Tom's and Bill's DOOM index is moving up. That's measuring real economic growth. It better switch directions if gold is to continue to outperform. Just because a value of 5 on the Dow/Gold ratio is our target doesn't mean that's where the economy turns up. It's certainly possible that US capitalists and the world's investors, investing in the US, might just decide Trump is more right than the globalists are and Trump is doing the world more economic good than the leftist ideas that have dominated the US for several administrations. One thing for certain is that the corruption of prior administrations Obama and Biden administrations and before that have been soundly rejected by American society. Maybe those watching will see the American potential rise again as corruption in the Collaborative Democracy is removed.
This is true, but be very wary. The FACT that the left and their asinine, FAILED policies have been THOROUGHLY REJECTED by the American Citizens will not slow them down in the least. In fact, you can count on them doubling-down on ALL their idiocy, add even more stupid, destructive positions/policies to what they already worship and sprinkle actual Violence, Assassination and Murder into the mix because people, in general, will continue refusing to go along with their Insanity and Delusion.
Lock and Load, Carry Everywhere and Head on a Swivel. You are being targeted, either now or in the near future....
That's just what I told the cop as I was leading church last week. Don't look at your phone; your head has to be able to swivel at all times! I sometimes carry, especially at church. After Charlie Kirk, I tried to carry everywhere!
Notice that I didn't say Trump had won the battle or that conservatives won the battle. That's still on in spades, for sure, with assassinations leading the way. The DOJ and their partner the Grey Lady may win in the end. They've won before in Russia, China and now the EU. But so far at least it appears Americans have chosen Trump over Collaborative Democracy and there ain't no more men in girls sports and censorship and racism is in decline at Universities across the US. Maybe it takes a collapse of the economy to get full realization of the reality of communism vs capitalism. I don't know but right now the bar has been moving solidly in the direction of Trump's positions.
Bill, I just turned 50. At the turn of this current century, A man named BILL told everyone to buy gold. It took me a while to comply but eventually around 2011, I started my very small accumulation of gold. And added silver, so FOR that I thank you!!!
I stongly suspect a different outcome now, as so many goverments are so deeply in debt that even the idea of another Volcker seems impossible. We'll see.
Globalisation and the acceptance of US$ by the East retarded the gold price during this time. However, the Biden sanctions and Trump tariffs have made the US$ unsavoury and set up gold to sparkle. $10k +
What am I getting wrong?
Gold is the standard of value. Gold is valued in US dollars. The dollar price should not need to be inflated or deflated to adjust for inflation. The ounce of gold that went up to $875 on January 21, 1980, meant the US dollar lost value, and its lowest value was on that date. The dollar regained value because it took fewer dollars to buy the same ounce of gold when the price of gold, in dollars, dropped to $259. Gold's purchasing power does not change in terms of gold, only in terms of the currency you are converting it to. Gold's purchasing power can only be affected by supply and demand for the products and services being purchased with gold.
This inconsistency of saying an investor is earning a return on gold when it has gone from $2,000 to $3,600 is wrong. The value of the dollar changed, not gold. The dollar has lost value. Between Bill Bonner, Tom Dyson, and Dan Denning, this point gets lost.
If I am correct in reading Bill's write ups. Gold is an insurance policy . .More or less. I may be wrong as I do not see it as an "investment" . However I may be wrong . I did make a mistake once. LOL
Excellent point Byron. "Gold is money and everything else is credit." So why would gold be adjusted for inflation. The dollar is constantly adjusting for inflation.
The only way gold can get hammered now (or ever) is if there is a sharp reduction in the desire for a safe haven from a depreciating dollar. What could make the dollar stabilize? Can't raise interest rates to 18% like Volcker did. Will Congress have an epiphany and balance the budget?? HAHAHAHAHA. However.... if the Mar-A-Lago accords is a thing and Bessent and Trump succeed in revaluing gold from $42 to whatever is required to once again back the dollar with gold, the dollar would be saved, and Congress would be forced to balance the budget. Of course, that also entails a 40% devaluation in the dollar, which would be painful short term but balance trade issues in the long term. I doubt they'll be able to pull it off, but it's an interesting gambit.
Thank you for a peek behind the curtain at the actual Plan, ERIK.....
Today's missive is another great reminder that Bill's beat is money. He should stick to it.
You ever notice how when you find some gold, it’s your gold… but when the government finds out, suddenly it’s their gold?
They’ll let you stack it, polish it, even kiss it, until you try to use it. Then you get hit with a “gold security fee,” a “gold transfer fee,” hell, probably a “you looked at your gold too long without permission fee.” And if you don’t like it? They’ll temporarily pause your ability to sell. Which in bureaucrat-speak means “bend over and don’t squeal too loud.”
Free country my ass. You’re free to shut the hell up, pay the fee, and pretend you’re rich while you’re broke.
You think you have three million dollars in gold?! Guess what, buddy? After taxes, fees, IRS, and some made-up “gold babysitting surcharge,” you’ve got..wait for it…HALF!
And then, THEN, they tell you, “Sorry, you can’t sell right now. It’s illegal. National emergency!” Meanwhile, the same clowns are SELLING your gold to each other in back rooms for half price. You’re broke AND censored, congratulations, welcome to America!
Yup, the whole thing’s a scam. You buy gold at three grand an ounce, you think you’re a genius, right? “Look at me, honey, we’re millionaires!” Then the government comes in like a drunk uncle at Thanksgiving, “Actually, we’re gonna take half of that. Also, you can’t sell any today. Oh, and by the way, disagree with us and we’ll fire you, jail you, or ban you from Facebook.” And you’re sitting there, pants down, like, “Wait, isn’t this the land of the free?” No, it’s the land of the fee. They just pronounced it wrong.
They say gold’s real money, right?
Real wealth. Can’t be inflated, can’t be manipulated. Unless, uh… unless the government decides to just… take it. You know. Like everything else. Yeah. So now you got three million in gold, but you can’t sell it, can’t touch it. So what are you gonna do? Eat it? ”Hey, honey, I just swallowed another Krugerrand, guess we’ll be fine for dinner.”
And when you complain, they’ll censor you. Because nothing says freedom like being silenced for pointing out you don’t have any.
For all that to happen you have to be a willing participant. Change where and how you buy, sell, store and use your Gold, Gypt - there are many people and organizations out there that don't play at all by the "rules" you laid out......
Star-Man! ⭐️🌟💫✨🤩🪐🌎🌖🌕
Yes, yes, yes! A willing participant. That’s the secret, isn’t it? See, I’d love to go off the rails, sell gold outside the rules, maybe even, God forbid, keep what I earned. But I can’t do that.
WWTD?
I look up to our leaders. Our current Administration, the most trustworthy people since Christ himself. Who needs morality when you’ve got Trump, Fed, and IRS morality, huh?
You don’t need Ten Commandments anymore, you just need ten thousand regulations. And blessed are the bureaucrats, for they shall inherit your gold.
Yeah, I wish I could cheat the system! But I can’t, It would be immoral! I have to follow the Administrations example! They’re pure! Holy! Loving! Honest! Fair! And I want to be embraced in the Kingdom one day! Right after they confiscate my gold and send me to jail!
Look Star-Man, there are organizations that don’t play by the rules. Criminals, rebels, free thinkers. Disgusting, right? Me? I’m not like that. I’m a true patriot.
I want to follow the shining example of President Trump and his Administration. Because when I look at them, I see integrity. I see fairness. I see a bunch of guys and gals who’d stab me in the back, charge me a fee for the knife, and then sue me for bleeding on federal property. But hey, that’s leadership, baby. 🤩
People say you can go around the rules. You can buy gold in the shadows, trade it under the table. But me? No, no, no. That’d be wrong. Immoral, really. You gotta do what’s right. You gotta trust your leaders. Because they always do what’s best for us. And when I die, I wanna walk up to those pearly gates and see all the politicians up there, smiling. Yeah. Waiting for me. You know… heaven. Of course, if heaven runs like the DMV, I’m gonna be in line for eternity. But hey, rules are rules pal.
Love the dripping, saccharin Sarcasm (with a capital "S".)
Um, I'm not advocating breaking any existing laws or dealing with shady or otherwise criminal people. Everything I do regarding Gold is above-board and legal - but maybe things are just different here in the Free State of Florida, I dunno.
I DO know that I deal with reputable Coin/Bullion Dealers, with brick-and-mortar locations, websites and telephone numbers. They typically don't require ID or issue receipts (unless requested) on transactions under $10k. For larger commerce, there is a fed government form that must be filled out - so the LEGAL answer is to take multiple, small bites as required by your circumstances. The MORAL answer is to report the results of your dealings as required - the specifics are rarely necessary unless undergoing an audit. Note I am the farthest thing from a Tax Attorney, so take from my words what you will.
I'm kinda disappointed, Gypt. You should know I would never recommend doing anything illegal - at least for now. I am a Patriot as well, just like your hero President Trump.... ;)
Star-Man Yeeeeee Doggieeeee 🐕
How’s Penny these days?
Sounds to me like you’ve got two TVs? Boy, you must be rich! (Back to the Future)
That’s like bragging about having two working kidneys in Washington, it doesn’t mean you’re rich, it just means you haven’t been audited yet. Lol
And yeah, you’re right, everything’s above-board, legal, and patriotic… just like every other great idea that came out of D.C. You know, where politicians have their heads shoved so far up their wazooooo they can taste their own campaign donations.
Don’t worry Star-Man, I know you ain’t dealing shady, nah, you’re doing it right! Brick-and-mortar shops, receipts under 10k, tiny bites like a hamster with an MBA! AHHHHHHHHHH! Meanwhile in Washington they’re sitting around, sucking on their own waste like it’s a milkshake!
You’re a cosmic traveler streaking across the galaxy like a comet made of bullion, a blazing tax-compliant fireball. Meanwhile, in the Free State of Florida, you’re nibbling gold like hors d’oeuvres: ten grand here, nine-nine-nine-nine there. Legal, moral, patriotic! You’re like the James Bond of receipts. 🤩 But in D.C.? Those guys couldn’t fill out a fed form if you stapled it to their foreheads. They’re too busy taste-testing their own policies and Spoiler: they taste like crap!
Me, I got one TV, so I guess I’m middle class. Washington’s got… no TVs, just mirrors. Anyway Star-Man, keep it legal brotha. You’re a comet. A legal comet. Just don’t burn up in the atmosphere. Heh. Yeeeeeeah!
Dude you OK?😂😂
“Dude you OK?”
Yeah, Yeah, that’s…that’s good.
That’s like reading Moby Dick and responding with, “Whale, huh? You OK, Ahab?”
Nobody’s warm, nobody’s extraordinary, and farmers got screwed by Monsanto twenty years ago! 🤩
Great article, Bill. Didn't buy gold but bought a small gold/copper/silver royalty company and have already doubled my investment and the big move is just getting started. You youngsters had better take heed get some physical silver coins to have to but food, gas and other essentials, when the crap hits the fan. It may be very difficult to use Cryptos to buy essentials.
Isn't this the point where we test the "Dow to Gold" theory? The reading of the attendant chart to =/<5 indicating the crossover point for moving back into the Dow? Ideally, just in time to avoid a major loss of capital (perhaps allowing a bit of loss?) with our investment in Gold?
Hmmm - let me try to save you the heartache of a popped cherry, Bill....
This time is different (yes, I know how that sounds.) We are in WAY too deep spending & debt-wise, our Nation is WAY too fractured as a cohesive, rally-able population, the world is WAY beyond looking to our fiat garbage to once again save anyone's bacon and our Real Production abilities are WAY too lacking to provide enough cushion to ride out any financial reckoning. In Other Words, we're cooked (𝘁𝗵𝗮𝗻𝗸𝘀 𝘁𝗼 𝗱𝗲𝗰𝗮𝗱𝗲𝘀 𝗼𝗳 𝘀𝗰𝘂𝗺𝗯𝗮𝗴 𝗱𝗶𝗺𝗼𝗰𝗿𝗮𝘁𝘀 𝗮𝗻𝗱 𝘀𝗽𝗶𝗻𝗲𝗹𝗲𝘀𝘀 𝗿𝗲𝗽𝘂𝗴𝗻𝗶𝗰𝗮𝗻𝘁𝘀) and Gold is only going up from here until all bets are off.
But obviously Bill Bonner knows this and has been warning about the irreversible, terminal changes solidifying over the past 20-30 years. Don't get your hopes up for Monday's missive - it will likely provide 𝗮𝗻𝗼𝘁𝗵𝗲𝗿 accurate description of our money and our Country's unavoidable demise.....
No disrespect to Lady Thatcher, but she has it backwards. We are born free. Societies that recognize this do not and cannot "allow" the individual's right to flourish. It's not their job. They can only serve to prevent infringements upon that flourishing....
Is that like saying " it is not what You can do for your self, but what You can do for You Country" sort of thing?
Nah - it's more like saying 𝙤𝙪𝙧 𝙍𝙄𝙂𝙃𝙏𝙎 𝙘𝙤𝙢𝙚 𝙛𝙧𝙤𝙢 𝙂𝙊𝘿.
Pay attention smooth-brained dimocrats.....
https://washingtonstand.com/article/senator-kaine-claims-rights-come-from-government-not-god-
Excellent! Good comment.
So good stuff today Bill. I particularly enjoyed your comments related to Keynesian economics vis-a-vis to what destrcutiveness we have today i.e. Monetarism. The Monetarist are the sycophants and parasites who emerged after 1971 to reflect the true nature of the human condition which, with some exceptions some of the time, are scallywags and knaves who take advantage of all things that will benefit their lot in life. The natural state of relatively advanced and advanced economies is complexity. Adam Smith's "Invisible Hand of Wealth" understood this dynamic construct very well. He understood the nuance of the infinitestimal free and well calculated exchanges between and among players that move economies in honest unison toward balance, safety, and prosperity. Smith understood the nature of economic systems; by way of an analogy, free economies are like murmurnations, you know when Starlings move in unison and at speed and insync in a pattern with purpose. Why do they do this? They do this intuitively as part of their DNA for protection from prey. Maybe Adam was on to something.
338378 Would your "Nixon" story be more revealing if you started it with the president before Nixon -- Lyndon Johnson ? The cost of Johnson's two wars fell to Nixon's adminstration. France was cashing Dollars for Gold. This cashing is what Nixon stopped. You have a better idea?
Leonard Hartman
It seems what is being talked about here with gold at its prior high is that demand for dollars did change and hence gold became less valuable. Dollars were needed to buy stocks and bonds because the government had topped rates and would at that point in time lower rates i.e. boost stock prices. I think the mantra that gold is constant in value and everything else is credit is wrong in this sense. All these values change in demand and supply, gold too. It would be absurd to think gold is always stable in value, much as anything is always stable in value. It is one way to think about gold vs the dollar, gold is more stable long term. But there is no doubt that gold's value drops when dollars are needed to buy stocks, which are soaring. Gold's value long term is more stable than the dollar but short term is a different story. If the economy were to boom right now and stocks take off like a rocket due to that growth the value of gold would likely fall as society sells their gold position to play the stock market's momentum.
My take is this relationship is not a constant. It changes just like everything else changes when demand changes. So right now the question is "Is gold going higher?" My interpretation is that investors are asking that question more pervasively. Trump, Bessent and Miran have a which may more may not work but it is being implemented along with other plans. So far it seems lots of those plans are working, wokism, climate change, censorship and control, left wing BS and DOJ, FBI and CIA conspiracies are all declining. Will Trumps monetary and growth plans work along these other victories? Everyone's waiting to see if Trump can change economic growth. Well,... Tom's and Bill's DOOM index is moving up. That's measuring real economic growth. It better switch directions if gold is to continue to outperform. Just because a value of 5 on the Dow/Gold ratio is our target doesn't mean that's where the economy turns up. It's certainly possible that US capitalists and the world's investors, investing in the US, might just decide Trump is more right than the globalists are and Trump is doing the world more economic good than the leftist ideas that have dominated the US for several administrations. One thing for certain is that the corruption of prior administrations Obama and Biden administrations and before that have been soundly rejected by American society. Maybe those watching will see the American potential rise again as corruption in the Collaborative Democracy is removed.
" 𝘖𝘯𝘦 𝘵𝘩𝘪𝘯𝘨 𝘧𝘰𝘳 𝘤𝘦𝘳𝘵𝘢𝘪𝘯 𝘪𝘴 𝘵𝘩𝘢𝘵 𝘵𝘩𝘦 𝘤𝘰𝘳𝘳𝘶𝘱𝘵𝘪𝘰𝘯 𝘰𝘧 𝘱𝘳𝘪𝘰𝘳 𝘢𝘥𝘮𝘪𝘯𝘪𝘴𝘵𝘳𝘢𝘵𝘪𝘰𝘯𝘴 𝘖𝘣𝘢𝘮𝘢 𝘢𝘯𝘥 𝘉𝘪𝘥𝘦𝘯 𝘢𝘥𝘮𝘪𝘯𝘪𝘴𝘵𝘳𝘢𝘵𝘪𝘰𝘯𝘴 𝘢𝘯𝘥 𝘣𝘦𝘧𝘰𝘳𝘦 𝘵𝘩𝘢𝘵 𝘩𝘢𝘷𝘦 𝘣𝘦𝘦𝘯 𝘴𝘰𝘶𝘯𝘥𝘭𝘺 𝘳𝘦𝘫𝘦𝘤𝘵𝘦𝘥 𝘣𝘺 𝘈𝘮𝘦𝘳𝘪𝘤𝘢𝘯 𝘴𝘰𝘤𝘪𝘦𝘵𝘺."
This is true, but be very wary. The FACT that the left and their asinine, FAILED policies have been THOROUGHLY REJECTED by the American Citizens will not slow them down in the least. In fact, you can count on them doubling-down on ALL their idiocy, add even more stupid, destructive positions/policies to what they already worship and sprinkle actual Violence, Assassination and Murder into the mix because people, in general, will continue refusing to go along with their Insanity and Delusion.
Lock and Load, Carry Everywhere and Head on a Swivel. You are being targeted, either now or in the near future....
That's just what I told the cop as I was leading church last week. Don't look at your phone; your head has to be able to swivel at all times! I sometimes carry, especially at church. After Charlie Kirk, I tried to carry everywhere!
Yep monitored by Palantir. Yep , even this site can be monitored. It is for the good of society, You know ! LOL
😂😂
Notice that I didn't say Trump had won the battle or that conservatives won the battle. That's still on in spades, for sure, with assassinations leading the way. The DOJ and their partner the Grey Lady may win in the end. They've won before in Russia, China and now the EU. But so far at least it appears Americans have chosen Trump over Collaborative Democracy and there ain't no more men in girls sports and censorship and racism is in decline at Universities across the US. Maybe it takes a collapse of the economy to get full realization of the reality of communism vs capitalism. I don't know but right now the bar has been moving solidly in the direction of Trump's positions.
Thanks Starboard.
Bill, I just turned 50. At the turn of this current century, A man named BILL told everyone to buy gold. It took me a while to comply but eventually around 2011, I started my very small accumulation of gold. And added silver, so FOR that I thank you!!!
I stongly suspect a different outcome now, as so many goverments are so deeply in debt that even the idea of another Volcker seems impossible. We'll see.
Globalisation and the acceptance of US$ by the East retarded the gold price during this time. However, the Biden sanctions and Trump tariffs have made the US$ unsavoury and set up gold to sparkle. $10k +
Posted without comment other than this is a MUST WATCH in my opinion:
https://choiceclips.whatfinger.com/2025/09/19/the-legacy-of-charlie-kirk-patriots-top-10-watch-maga/
Have a great weekend, all y'all.....
Ah yes, Ho ward Ruff and Ruff Times haha. Then Richard Russell. History goes on.