Thanks Juan, I appreciate the info. Not trying to buck the system, just throwing out free info to see what others might see that I don't. Thanks, again, for the update. I consider you guys friends and want to be helpful. I recognize my own shortcomings as it pertains to investing. I am old and do not want to take a risk that I can't afford. Just sayin'
Not to be a fly in the ointment, but Jamie Diamond is reporting that Chase has 1.2 trillion in cash and when the crash came in 2008 banks were flat busted. They and some other big banks are ready to lend and that was not the case in 2008. Nor in 1929 as I recall. I love this site, but are we missing an opportunity to catch a rare rally in an otherwise down market? Just askin'
I read you well Don , and am aware that there is a lot of cash , but there is much more leverage in bad positions , equities and bonds . I don’t like what the Dow and S&P are doing , à like zigzag from 29600 to 34280 and down to 28600 and now up whenever this up finish ( I think not higher than previous one ) around 33.000 . When we break 28.600 it going to be a meant down ...
Just to mention that the ratio is at 18,75 and very stable since 18 months it may take over 3 years or more to get to 5 , not mention that I believe it will go to 1 .
Question: There is a lot of noise about the coming digital dollar. Can you share your analysis on how imminent it is and, are there strategic moves we could be making to protect our purchasing power?
The discussion about "Digital Dollars" always assumes that it will occur without recourse. Will not the people who make up the economy have a final say?
If the USA wants to remain in the global economy a digital dollar is a forgone conclusion.
The end user will not be given a choice except the choice to turn in their dollars or loose them. I'm sure this will happen during some form of catastrophe whether created or real. Those who resist will be labeled anti patriots, colluding with the enemies of America and apple pie.
For some background, China for all intents and purposes controls the worlds crypto. The majority of large crypto exchanges are owned by Chinese companies. The recent move of seizing the dollar holdings of Russia was a wake up call for China as well. Both nations are working to a solution that will not be favorable to USA and Europe.
Not a secret the largest crypto exchange was the Japanese based Mt Gox, it was hacked and drained of billions. The owners of all the big exchanges are the Chinese. 90% of Bitcoin mining equipment was developed in China which was the leader in mining of Bitcoin. American exchanges like Coinbase act mostly as easy platforms for Americans to gamble on what crypto will fly to the moon. In fact, by the time a coin is listed on Coinbase most of the upside is gone. The late arrivals to any particular crypto mostly provide liquidity for the early investors to exit their positions. I'm not saying a person cannot make money trading crypto on Coinbase but the big money was made by those who purchased the coins early. One can only buy early on a Dex or decentralized exchange, something Coinbase is not.
Crypto is IMHO for the most part (but not all) a kind of Ponzi scheme wrapped up in a casino atmosphere. For the people who have made crypto their life's work with the dream of ending banking as usual in every corner of the world crypto will never die. For the gamblers and get rich types the sting of loosing more than winning will get old, liquidity will dry up. This might in fact be the best thing that could happen to crypto. Many of the current projects are scams, Ponzi, and rug pulls. When an protocol is paying 2000% interest APR with low liquidity it's a sure bet your investment will be the creators exit.
When interest paid to savers return to a normal level there will be no need for the common man to risk their hard earned dollars into most of the tech industry. crypto will die. For the present crypto will attract funds as savers chase a return on their savings.
The attraction to crypto yield farming in a nutshell. I was making 100-200% returns on my positions before the current bear market in crypto. Crypto has many platforms that will for a small fee auto compound gains.
All I'm saying is the noise from investment gurus seem intent on scaring us, and proposing all kinds of ideas on how to get our cash out of the government's grasp. I'd like to know more about what the Bonner group thinks. Maybe I missed it?
Long suffering readers sometimes tire of reading the same topics reverbalised (is that even a word?!). I think there is merit in viewing the situations we face through different lenses and with repetition over time. Like a crystal artefact, we see different colours reflected and have an opportunity to reassess our biases and reaffirm our convictions. I find it helps when trying to explain to people why we (which is really BPR) think what we think.
Dimon/JP Morgan is also the third largest hoarder of silver over the past decade.
Around the time silver bullion was hitting its near $50 high in late April 2011, JPMorgan began stockpiling silver bullion in its COMEX warehouse. Although the commercial bank has occasionally allowed registered silver stocks to be withdrawn, the near 6 year trend from nothing to now over 95 million ounces of silver has been steady.
Cash holding not for lending, but for buying cheap banks/businesses after crash, and the money made when silver hits $150/200 in a few years will make Dimon/Morgan king...
Especially silver, and I believe that when the SHTF, silver will end up being the savior for many banks and people as the value and worth explodes! Buy lots now cheap…
"Using the Dow/Gold ratio as an indicator has generated compound annual growth rates of 12.5% over the last century, when you look at the back testing." Do you use an assumed tax rate for your liquidity event - converting Gold to currency - and then purchase of the Dow? Love to see the full analysis as I've certainly bought into the recommendation and love reading BPR!
Thanks Juan, I appreciate the info. Not trying to buck the system, just throwing out free info to see what others might see that I don't. Thanks, again, for the update. I consider you guys friends and want to be helpful. I recognize my own shortcomings as it pertains to investing. I am old and do not want to take a risk that I can't afford. Just sayin'
Don Harrell
Not to be a fly in the ointment, but Jamie Diamond is reporting that Chase has 1.2 trillion in cash and when the crash came in 2008 banks were flat busted. They and some other big banks are ready to lend and that was not the case in 2008. Nor in 1929 as I recall. I love this site, but are we missing an opportunity to catch a rare rally in an otherwise down market? Just askin'
Don Harrell
I read you well Don , and am aware that there is a lot of cash , but there is much more leverage in bad positions , equities and bonds . I don’t like what the Dow and S&P are doing , à like zigzag from 29600 to 34280 and down to 28600 and now up whenever this up finish ( I think not higher than previous one ) around 33.000 . When we break 28.600 it going to be a meant down ...
Thank you again Tom,
Just to mention that the ratio is at 18,75 and very stable since 18 months it may take over 3 years or more to get to 5 , not mention that I believe it will go to 1 .
Melt down
Much agreed.
Eeeeee-yup. Me too...
I agree.
Question: There is a lot of noise about the coming digital dollar. Can you share your analysis on how imminent it is and, are there strategic moves we could be making to protect our purchasing power?
The discussion about "Digital Dollars" always assumes that it will occur without recourse. Will not the people who make up the economy have a final say?
If the USA wants to remain in the global economy a digital dollar is a forgone conclusion.
The end user will not be given a choice except the choice to turn in their dollars or loose them. I'm sure this will happen during some form of catastrophe whether created or real. Those who resist will be labeled anti patriots, colluding with the enemies of America and apple pie.
For some background, China for all intents and purposes controls the worlds crypto. The majority of large crypto exchanges are owned by Chinese companies. The recent move of seizing the dollar holdings of Russia was a wake up call for China as well. Both nations are working to a solution that will not be favorable to USA and Europe.
Wow! What's your best source of this information?
Not a secret the largest crypto exchange was the Japanese based Mt Gox, it was hacked and drained of billions. The owners of all the big exchanges are the Chinese. 90% of Bitcoin mining equipment was developed in China which was the leader in mining of Bitcoin. American exchanges like Coinbase act mostly as easy platforms for Americans to gamble on what crypto will fly to the moon. In fact, by the time a coin is listed on Coinbase most of the upside is gone. The late arrivals to any particular crypto mostly provide liquidity for the early investors to exit their positions. I'm not saying a person cannot make money trading crypto on Coinbase but the big money was made by those who purchased the coins early. One can only buy early on a Dex or decentralized exchange, something Coinbase is not.
Crypto is IMHO for the most part (but not all) a kind of Ponzi scheme wrapped up in a casino atmosphere. For the people who have made crypto their life's work with the dream of ending banking as usual in every corner of the world crypto will never die. For the gamblers and get rich types the sting of loosing more than winning will get old, liquidity will dry up. This might in fact be the best thing that could happen to crypto. Many of the current projects are scams, Ponzi, and rug pulls. When an protocol is paying 2000% interest APR with low liquidity it's a sure bet your investment will be the creators exit.
When interest paid to savers return to a normal level there will be no need for the common man to risk their hard earned dollars into most of the tech industry. crypto will die. For the present crypto will attract funds as savers chase a return on their savings.
The attraction to crypto yield farming in a nutshell. I was making 100-200% returns on my positions before the current bear market in crypto. Crypto has many platforms that will for a small fee auto compound gains.
We don’t always get to have a say. Ask anybody who experienced a currency revaluation, bank holiday or introduction of a new law
All I'm saying is the noise from investment gurus seem intent on scaring us, and proposing all kinds of ideas on how to get our cash out of the government's grasp. I'd like to know more about what the Bonner group thinks. Maybe I missed it?
Long suffering readers sometimes tire of reading the same topics reverbalised (is that even a word?!). I think there is merit in viewing the situations we face through different lenses and with repetition over time. Like a crystal artefact, we see different colours reflected and have an opportunity to reassess our biases and reaffirm our convictions. I find it helps when trying to explain to people why we (which is really BPR) think what we think.
Dimon/JP Morgan is also the third largest hoarder of silver over the past decade.
Around the time silver bullion was hitting its near $50 high in late April 2011, JPMorgan began stockpiling silver bullion in its COMEX warehouse. Although the commercial bank has occasionally allowed registered silver stocks to be withdrawn, the near 6 year trend from nothing to now over 95 million ounces of silver has been steady.
Cash holding not for lending, but for buying cheap banks/businesses after crash, and the money made when silver hits $150/200 in a few years will make Dimon/Morgan king...
Steve, Having read also about Dimon/J P Morgan,they have manipulated the Silver
and gold markets over the last 12 plus years,and Jamie should be in jail,we would be.
Especially silver, and I believe that when the SHTF, silver will end up being the savior for many banks and people as the value and worth explodes! Buy lots now cheap…
"Using the Dow/Gold ratio as an indicator has generated compound annual growth rates of 12.5% over the last century, when you look at the back testing." Do you use an assumed tax rate for your liquidity event - converting Gold to currency - and then purchase of the Dow? Love to see the full analysis as I've certainly bought into the recommendation and love reading BPR!
https://bonnerprivateresearch.substack.com/p/the-gold-report