To end the week, don't sell any GOLD. Per Charlie Morris: Gold is a zero coupon perpetual bond with no credit risk, and no counterparty risk, issued by GOD!"
There's not a man, or woman, or canine, who was alive in 1981 when the acknowledged debt of the United States of America broke the then-unimaginable $1 Trillion barrier, who believed, or even fantasized, that someday, that acknowledged debt number would grow beyond 40 times that amount. Such an outcome was simply inconceivable. And yet, here we are, and apparently just getting warmed up. To add insult to injury, the Treasury of the Secretary tells us that we can "grow" our way out of our debt. Everyone knows that is what people in the 50s used to call "bosh". If you're not "worth" today 40+ times what you were "worth" in 1981, you have not kept up with inflation. 90% of us are Wiley Coyote chasing the Road Runner, and we've just run off the edge of the cliff and are momentarily suspended in space, but we know what's coming, because it must come. I just can't believe it; it exceeds credulity. Best always. PM
And yet. Today the broad market indices (DOW, S&P, and NASDAQ) all seemed to shake off the bond market issues and are moving higher. Feels like we're in 1634 and tulip mania.
And there more and more gullible and ignorant gamblers who are chasing the extreme price to earning ratio stocks by using borrowed money to purchase them, the FOMO delusion will ultimately bite them in the ass!
If you have more and more debt with no way to stop it from increasing - the only "possible" solution is to double down. Whatever put these gullible and ignorant gamblers in this fix, the hopium is to win the lottery. So - that is why they play because there is no other way. It is going to be historic when the financial systems explode. Any idea what the value of derivative markets are - in mid-2025 it was approaching $850 Trillion - yes - that is $850 with a "T". Makes the U.S. debt seem small and of no consequence. And, today it is the "Whole World" - not just Germany in the Weimar Republic. When the bubble pops - all financial credit assets are going to crumble. Going to be historic. Got gold and silver - in your possession? If not - you are just like the gullible and ignorant.
You are correct, precisely why I own physical gold and silver. About 2.5 weeks ago I went long paper gold and silver, (GLD/ SLV) JAN 27 Contracts, I am lucky in the purchase when I did for they are performing well; however, I would never own paper gold and silver as an alternative for my physical holdings! Just my thoughts!!
Gold will go up in fiat dollar price because the fiat dollar is losing purchasing value due to inflation, very simple, the fiat dollar is being devalued therefore it takes more devalued fiat dollars to purchase that same ounce of gold today!
Gold is great but they charge you sales tax when you buy it. Then a 28% tax on gains when you sell it. Then you must add in the transaction costs and holding costs from brokerage and gold dealers who will charge you over spot but never pay spot prices. Add in lost interest, it becomes much less attractive than cash. However, I have been holding a lot of cash since 2012 hoping for the pin to reach the bubble so I can buy dividend paying stocks at a sensible price. Still nothing! It scares me to death to lend money to the most bankrupt entity in the history of mankind! Not exactly a care- free retirement. It is a very strange world where the most bankrupt entity on Earth is also considered to be the safest.
Sounds to me you may want to consider another broker for the purchase and sell of your physical gold and silver, I personally utilize a broker who has no information relative my SS# and asks no questions relative my purchase and sell requests. I have been utilizing them for years with zero tax related issues!
Japan is at the bottom, and their economy remains sustainable.
They have a differing situation and a TRADE SURPLUS.
But debt alone at this point should not be a U.S. economy killer.
Debt can trigger economy killers...
-
From Claude:
The U.S. isn't in immediate danger.
Treasury yields remain relatively low, foreign and domestic demand for U.S. debt is strong, and the economy generates significant tax revenue.
But if current trends continue unchecked for decades without structural reform, the risks compound.
-
The danger isn't typically a single moment where debt "kills" the economy—it's a gradual loss of confidence, rising borrowing costs, and eventually a fiscal crisis where the government can't finance itself without painful choices.
Depends on what Claude means by the word "immediate"? Maybe to a computer immediate means this week? Maybe Claude should read Hemingway's line frim The Sun Also Rises. “How did you go bankrupt? Two ways. Gradually, then suddenly".
American economic confidence is expected to remain resilient, driven by factors such as consumer spending and AI-related investments, despite challenges like inflation and a weakening job market.
Trump said he doesn't understand why Switzerland's interest rate on their national debt is much lowered than ours. Today their 10 year is at .41% versus the US ten year at 4.72.
Maybe it has something to do with their federal debt/GDP ratio of only 16.1%, an inflation rate less than 1% and economic discipline. Here's something very interesting: "Switzerland ensures its federal debt remains low primarily through a constitutionally mandated fiscal rule known as the "debt brake" (Schuldenbremse), which requires the federal budget to balance over the course of an economic cycle. Enacted by a sweeping 85% voter approval in 2001 and implemented in 2003, this mechanism has successfully maintained Switzerland’s gross debt ratio at a highly stable level—with the net federal debt ratio sitting at just 16.1% of GDP."
I guess they don't teach this at the esteemed Wharton School?
To end the week, don't sell any GOLD. Per Charlie Morris: Gold is a zero coupon perpetual bond with no credit risk, and no counterparty risk, issued by GOD!"
Enough said.
Jim Marshall
There's not a man, or woman, or canine, who was alive in 1981 when the acknowledged debt of the United States of America broke the then-unimaginable $1 Trillion barrier, who believed, or even fantasized, that someday, that acknowledged debt number would grow beyond 40 times that amount. Such an outcome was simply inconceivable. And yet, here we are, and apparently just getting warmed up. To add insult to injury, the Treasury of the Secretary tells us that we can "grow" our way out of our debt. Everyone knows that is what people in the 50s used to call "bosh". If you're not "worth" today 40+ times what you were "worth" in 1981, you have not kept up with inflation. 90% of us are Wiley Coyote chasing the Road Runner, and we've just run off the edge of the cliff and are momentarily suspended in space, but we know what's coming, because it must come. I just can't believe it; it exceeds credulity. Best always. PM
There were hints, like the appointment of Greenspan.
When real solutions are too painful to even contemplate, flim-flam is all that's left. But neither flim nor flam will change the inevitable.
And yet. Today the broad market indices (DOW, S&P, and NASDAQ) all seemed to shake off the bond market issues and are moving higher. Feels like we're in 1634 and tulip mania.
And there more and more gullible and ignorant gamblers who are chasing the extreme price to earning ratio stocks by using borrowed money to purchase them, the FOMO delusion will ultimately bite them in the ass!
If you have more and more debt with no way to stop it from increasing - the only "possible" solution is to double down. Whatever put these gullible and ignorant gamblers in this fix, the hopium is to win the lottery. So - that is why they play because there is no other way. It is going to be historic when the financial systems explode. Any idea what the value of derivative markets are - in mid-2025 it was approaching $850 Trillion - yes - that is $850 with a "T". Makes the U.S. debt seem small and of no consequence. And, today it is the "Whole World" - not just Germany in the Weimar Republic. When the bubble pops - all financial credit assets are going to crumble. Going to be historic. Got gold and silver - in your possession? If not - you are just like the gullible and ignorant.
You are correct, precisely why I own physical gold and silver. About 2.5 weeks ago I went long paper gold and silver, (GLD/ SLV) JAN 27 Contracts, I am lucky in the purchase when I did for they are performing well; however, I would never own paper gold and silver as an alternative for my physical holdings! Just my thoughts!!
It’s tough being a millionaire living next to billionaires. Which of your many properties do you plan to move to?
Yeah. Bonner was breaking my heart with his tale of the neighborhood going to hell. Poor guy. What’s a multi-millionaire to do these days?
Gold will go up in fiat dollar price because the fiat dollar is losing purchasing value due to inflation, very simple, the fiat dollar is being devalued therefore it takes more devalued fiat dollars to purchase that same ounce of gold today!
Gold is great but they charge you sales tax when you buy it. Then a 28% tax on gains when you sell it. Then you must add in the transaction costs and holding costs from brokerage and gold dealers who will charge you over spot but never pay spot prices. Add in lost interest, it becomes much less attractive than cash. However, I have been holding a lot of cash since 2012 hoping for the pin to reach the bubble so I can buy dividend paying stocks at a sensible price. Still nothing! It scares me to death to lend money to the most bankrupt entity in the history of mankind! Not exactly a care- free retirement. It is a very strange world where the most bankrupt entity on Earth is also considered to be the safest.
Sounds to me you may want to consider another broker for the purchase and sell of your physical gold and silver, I personally utilize a broker who has no information relative my SS# and asks no questions relative my purchase and sell requests. I have been utilizing them for years with zero tax related issues!
In debt?
No doubt!
By far the most in shear dollar amount.
But in % we're 16th from the bottom.
Japan is at the bottom, and their economy remains sustainable.
They have a differing situation and a TRADE SURPLUS.
But debt alone at this point should not be a U.S. economy killer.
Debt can trigger economy killers...
-
From Claude:
The U.S. isn't in immediate danger.
Treasury yields remain relatively low, foreign and domestic demand for U.S. debt is strong, and the economy generates significant tax revenue.
But if current trends continue unchecked for decades without structural reform, the risks compound.
-
The danger isn't typically a single moment where debt "kills" the economy—it's a gradual loss of confidence, rising borrowing costs, and eventually a fiscal crisis where the government can't finance itself without painful choices.
Depends on what Claude means by the word "immediate"? Maybe to a computer immediate means this week? Maybe Claude should read Hemingway's line frim The Sun Also Rises. “How did you go bankrupt? Two ways. Gradually, then suddenly".
"It's a gradual loss of confidence"...
When that confidence turns, it will be immediate.
-
From Claude:
American economic confidence is expected to remain resilient, driven by factors such as consumer spending and AI-related investments, despite challenges like inflation and a weakening job market.
As a farmer, maybe the spelling and meaning should be "CLOD". This nation's financial "seedbed" is way too full of them.
Trump said he doesn't understand why Switzerland's interest rate on their national debt is much lowered than ours. Today their 10 year is at .41% versus the US ten year at 4.72.
Maybe it has something to do with their federal debt/GDP ratio of only 16.1%, an inflation rate less than 1% and economic discipline. Here's something very interesting: "Switzerland ensures its federal debt remains low primarily through a constitutionally mandated fiscal rule known as the "debt brake" (Schuldenbremse), which requires the federal budget to balance over the course of an economic cycle. Enacted by a sweeping 85% voter approval in 2001 and implemented in 2003, this mechanism has successfully maintained Switzerland’s gross debt ratio at a highly stable level—with the net federal debt ratio sitting at just 16.1% of GDP."
I guess they don't teach this at the esteemed Wharton School?
Trump's the wild card, so a vote on gold is just a wish. If you asked "will the empire continue to crumble ?" Under Trump, that's a no brainer