Where is the Big, long-term gain? We are looking at the biggest credit bubble in financial history; the risk is that it will blow up. Where can we rest comfortably… safely… profitably?
Like I said, youngsters, the single worst mistake made by a president was Nixon's decision to take us off the gold standard. The big question is whether to be invested in Crypto's or precisous metals. Since I'm old, I'll stick with gold, silver and (gold/silver/copper) royalty stocks. Many of you youngsters are going with the Crypto's and could be correct. Consequently, we may find out whose correct in the next 2 years. It's the same old story. You pay's your money and you take's your chances.
Who is a youngster changes depending upon how long in the tooth you are? To Ol' Bill probably most of us are snotty-nose "youngsters" and wet behind the ears to boot. Cryptos are just electronic fake currency - not money because they are just a credit side of a transaction. Precious metal, held in your control, are money. Like Kenneth, I'll take my chances of missing the Big Win. It is going to get uglier and become chaotic more rapidly than anyone things - it ain't going to take anywhere near 2 years to find out.
I agree that Nixon’s decision to take us off the gold standard was the single worst decision by a president but I think he also made one of the best decisions made by a president when he abolished the military draft which was a rejection of the idea that American citizens are owned by the government.
I'm going with Bill's analyses. GOLD!. It's easy to forget about the leverage of 40 years and get FOMO especially as the rise of "only the FANGS" shoot upward in a grand finale. I've seen that formation before.
Porter Stansbury says basically the best thing is to hold gold, cash, treasury's, and S&P 500 stocks in 25% allocations. It has held up well over the years. You just rebalance every year. You can own property casualty stocks as proxies for treasuries since they manage them well (or something like that). My question is has the chicomm AI been verified or is it just some ploy. Socialist and communist countries often play loosely with the truth.
One of the primary HumInt tradecraft skills is mastering elicitation. TikTok & DeepSeek are simply a couple among their tools of collection & processing.
The PRC operates purposefully across the full spectrum of the intelligence cycle (planning and direction, collection, processing and exploitation, analysis and production to dissemination) to perpetuate the CCP apparatchiks.
Yes I basically agree with that policy. My cash position is a little larger but I started Day trading For instance If you start with 10000 and you make 2-3% net in it a week , your 10000 will become 20000-30000 in a year
I wish you stellar success. I like that you're doing your own thinking! Be sure to report back. I'm not sure we have the big wipeout, the dreadful set-back, or any of the other stuff. Our policy since 1971 has been adding zeroes, to which there is, actually, no limit.
The wipeout is going to come ,maybe to morrow and maybe not in my lifetime. No Empire ever survived .The question is what will we do after we fall of the cliff. I have a friend she took me to her Credit union to talk to her adviser. He showed me her account. He had her in American Funds. She was up 80% over the last 2 years and was 20% in cash. No gold. So I do have 2nd thoughts. Am I doing the right thing? Time will or I will be recalled before the bust
What we are facing in this period is a version of "it works, until it doesn't." I have been expecting "The Crash" since 1980, when the Federal Debt officially crossed the $1 Trillion barrier. Subsequent, new highs in The Debt have changed nothing in our approach or modus operandi. If I had to wager based on experience, I would say the game goes on yet a while. If I had to bet on what makes sense, we would have had a major reset years ago. The system has tried on its own to do so, but the masters of the game have always intervened. The system is possibly too big to fail, meaning some gimmick or preposterous scheme will allow it to continue. Best always. PM
I agree. Anybody with a derangement syndrome though...? I've been bit so hard on metals over my lit's hard for me to engage.I think it's been too long.I think the train left despite what everybody says. I still have the teeth in my ass.
Well, if only 10% of our "government" workers take the buyout Trump is offering and RESIGN by 06FEB25 (with full pay and benefits until 08SEP25), they can use that money to keep the Market afloat a while longer and live off the earnings from their second, "real" job. Afterall, many of them have been doing something very similar after being allowed to "work" from home since convid and never having been required to return to the office by traitorjoe and his big-government band of leftarded domestic enemies.
Funny, I bet Bill didn't see this coming. And I'll add - there's nothing like actually beginning to cut spending, examine disbursements for efficacy and shrinking the size of government that will get Bill Bonner writing about ANYTHING other than the success of Promises Made/Promises Kept by the evil orange Donald Trump.
I'd predict by this Summer we will be getting an occasional BPR missive of Granny Bonner's Biscuit Recipes in place of a rational examination of all the things continuing to improve around us...
When I was in college and decided to join a fraternity I learned that one of the benign hazing practices for fraternity pledges was that the senior frat brothers would take the pledges to a nightclub and make them get out on the dance floor and dance when there was no music playing, ie before the band was even on stage. This provided the frat brothers with much cheap, riproaring laughter. (You just have to form a mental image). Then I remember later on in college when I took an investment course and the professor said “If everybody at the dance is ugly, there’s still dancing going on”. I immediately thought to myself, Yes, but is there music?
The projection remains entirely plausible, however, there were plenty of people decrying the Fed balance sheet in 2008 as “unsustainable” and look what’s happened even with interest rates rising. What if we have another couple of years of falling rates again? Not sustainable, but 2 years remains a long time and we might look back from the ultimate peak and realise today’s levels were only halfway…
So how many hundreds of thousands, maybe millions, of actual physical gold are you goldbugs holding in your actual “hands”? How much did you get clipped in fees on the purchase? Expect to pay in fees when you try and redeem? Where you hide, uh, I mean store, said vast amount of gold? In a nuclear bomb proof vault on an island surrounded by a moat too large to put a board across, and full of starving alligators?
Like I said, youngsters, the single worst mistake made by a president was Nixon's decision to take us off the gold standard. The big question is whether to be invested in Crypto's or precisous metals. Since I'm old, I'll stick with gold, silver and (gold/silver/copper) royalty stocks. Many of you youngsters are going with the Crypto's and could be correct. Consequently, we may find out whose correct in the next 2 years. It's the same old story. You pay's your money and you take's your chances.
Who is a youngster changes depending upon how long in the tooth you are? To Ol' Bill probably most of us are snotty-nose "youngsters" and wet behind the ears to boot. Cryptos are just electronic fake currency - not money because they are just a credit side of a transaction. Precious metal, held in your control, are money. Like Kenneth, I'll take my chances of missing the Big Win. It is going to get uglier and become chaotic more rapidly than anyone things - it ain't going to take anywhere near 2 years to find out.
I agree that Nixon’s decision to take us off the gold standard was the single worst decision by a president but I think he also made one of the best decisions made by a president when he abolished the military draft which was a rejection of the idea that American citizens are owned by the government.
A lot of us on this page are not youngsters, but point taken.
I agree seventy is a new thirty
That is funny. I do not feel 30.
I'm going with Bill's analyses. GOLD!. It's easy to forget about the leverage of 40 years and get FOMO especially as the rise of "only the FANGS" shoot upward in a grand finale. I've seen that formation before.
Porter Stansbury says basically the best thing is to hold gold, cash, treasury's, and S&P 500 stocks in 25% allocations. It has held up well over the years. You just rebalance every year. You can own property casualty stocks as proxies for treasuries since they manage them well (or something like that). My question is has the chicomm AI been verified or is it just some ploy. Socialist and communist countries often play loosely with the truth.
I'm reading several analyses, like Sam Altman, who says it's real. BUT you have to let them use their data, hence you give them access to your data.
Spot-On Mackinac.
One of the primary HumInt tradecraft skills is mastering elicitation. TikTok & DeepSeek are simply a couple among their tools of collection & processing.
The PRC operates purposefully across the full spectrum of the intelligence cycle (planning and direction, collection, processing and exploitation, analysis and production to dissemination) to perpetuate the CCP apparatchiks.
Thanks. If true Nvidia should crash.
Yes I basically agree with that policy. My cash position is a little larger but I started Day trading For instance If you start with 10000 and you make 2-3% net in it a week , your 10000 will become 20000-30000 in a year
And your taxes will be astronomical. I call it "The House Advantage." Best always. PM
It is not that bad because lot of my trading is done in a Roth IRA
I wish you stellar success. I like that you're doing your own thinking! Be sure to report back. I'm not sure we have the big wipeout, the dreadful set-back, or any of the other stuff. Our policy since 1971 has been adding zeroes, to which there is, actually, no limit.
Best always. PM
The wipeout is going to come ,maybe to morrow and maybe not in my lifetime. No Empire ever survived .The question is what will we do after we fall of the cliff. I have a friend she took me to her Credit union to talk to her adviser. He showed me her account. He had her in American Funds. She was up 80% over the last 2 years and was 20% in cash. No gold. So I do have 2nd thoughts. Am I doing the right thing? Time will or I will be recalled before the bust
regards
What we are facing in this period is a version of "it works, until it doesn't." I have been expecting "The Crash" since 1980, when the Federal Debt officially crossed the $1 Trillion barrier. Subsequent, new highs in The Debt have changed nothing in our approach or modus operandi. If I had to wager based on experience, I would say the game goes on yet a while. If I had to bet on what makes sense, we would have had a major reset years ago. The system has tried on its own to do so, but the masters of the game have always intervened. The system is possibly too big to fail, meaning some gimmick or preposterous scheme will allow it to continue. Best always. PM
I don't know if Bonner is right in his analysis although it makes sense to me. But one day without TDS is a good day.
I agree. Anybody with a derangement syndrome though...? I've been bit so hard on metals over my lit's hard for me to engage.I think it's been too long.I think the train left despite what everybody says. I still have the teeth in my ass.
I do agree however seek safety
Bill: Holy S__t. Good article. I commend you on one of the very few comments where you don’t bash Trump. AP
Well, if only 10% of our "government" workers take the buyout Trump is offering and RESIGN by 06FEB25 (with full pay and benefits until 08SEP25), they can use that money to keep the Market afloat a while longer and live off the earnings from their second, "real" job. Afterall, many of them have been doing something very similar after being allowed to "work" from home since convid and never having been required to return to the office by traitorjoe and his big-government band of leftarded domestic enemies.
https://www.thegatewaypundit.com/2025/01/just-president-trump-offering-millions-federal-workers-buyouts
Funny, I bet Bill didn't see this coming. And I'll add - there's nothing like actually beginning to cut spending, examine disbursements for efficacy and shrinking the size of government that will get Bill Bonner writing about ANYTHING other than the success of Promises Made/Promises Kept by the evil orange Donald Trump.
I'd predict by this Summer we will be getting an occasional BPR missive of Granny Bonner's Biscuit Recipes in place of a rational examination of all the things continuing to improve around us...
Somehow, let me know when Granny Bonner's Biscuit Recipes drop; I’ve got a good recipe for gravy.
When I was in college and decided to join a fraternity I learned that one of the benign hazing practices for fraternity pledges was that the senior frat brothers would take the pledges to a nightclub and make them get out on the dance floor and dance when there was no music playing, ie before the band was even on stage. This provided the frat brothers with much cheap, riproaring laughter. (You just have to form a mental image). Then I remember later on in college when I took an investment course and the professor said “If everybody at the dance is ugly, there’s still dancing going on”. I immediately thought to myself, Yes, but is there music?
The projection remains entirely plausible, however, there were plenty of people decrying the Fed balance sheet in 2008 as “unsustainable” and look what’s happened even with interest rates rising. What if we have another couple of years of falling rates again? Not sustainable, but 2 years remains a long time and we might look back from the ultimate peak and realise today’s levels were only halfway…
At some point we all run out of options.
So, like a castaway clinging to debris
bobbing on the great sea
he finally loses his grip
and succumbs.
“They choose Bitcoin,” so we choose Gold!!
Haha, yes! Contrarian! Gotta love it. Best always. PM
You got to laugh … the only thing that has been the ‘forever money’ … is today viewed as the contrarian play! This is the greatest
opportunity in our lifetime bc there’s nothing new under the sun!!
Preach on, Brother! Best always. PM
Thanks PM
I have preached … I wrote a short piece on the subject which you can read on my amateur Substack.
All the best.
Some more to digest in todays world of invest or not to invest.
So how many hundreds of thousands, maybe millions, of actual physical gold are you goldbugs holding in your actual “hands”? How much did you get clipped in fees on the purchase? Expect to pay in fees when you try and redeem? Where you hide, uh, I mean store, said vast amount of gold? In a nuclear bomb proof vault on an island surrounded by a moat too large to put a board across, and full of starving alligators?
I think it definitely is better on land than in space somewhere.
No question