The real promise of gold is not just a rate cut or two...and not really ‘easier borrowing costs.’ Gold may be a good gamble now...but in the long run it is just a way not to lose money.
Starting in 1987, just before Black Monday, I have seen many cycles of the Boom and Bust( not completely).. in Gold; This cycle is Different in that Gold has another contender: Bitcoin. There are many who chose to own Bitcoin, drank the Kool-Aid and follow the Gospel of Michael Saylor; They even piggyback on the Luster of GOLD.. calling it .. Digital Gold!..; Inspite of all the Political backing Bitcoin has .. it is still Lagging the Performance of Gold… Which is a better investment? Or, should I say… Store of .. Value? Gold has a 5,000 Year Track Record and Bitcoin?.. 20 years? Time will Tell 🙏🎉🍁.. Confession,, I am a Believer in .. Gold✅
Ah…. Long Before I Like Gold.. I worked with Gold, taking 24 Kt Gold and Alloy it Down to 12 , 15 and 18 Kt.. I am a 3rd Generation Goldsmith from.. Guyana .. I learned very early the importance of Cash-flow and Customer Service; and for the First 25 years in Canada 🇨🇦 I made my Living working as a Goldsmith, I met my wife of 45 Years in the Trade; I had a life long desire to Return to School and so at the Age of 36 I Made that a Reality and had a wonderful Career as a Broadcast Engineer . My company was at the forefront of the Analog—> Digital Transition, Then To HD TV etc. I retired just at the start of the Pandemic after 24 fruitful Yrs ..with just one Company✅🙌🍁
😂 Unless your definition of "performance" is different than mine, this claim is demonstrably ludicrous.
While Bitcoin was first mined in 2009, it didn't have a value in fiat currencies until 2010, when it was valued at around $.41 USD. In Jan. of 2010, gold had a value of approximately $1100.
Since then, the price of gold has risen to around $3800, while Bitcoin is currently around $114000.
It doesn't take a calculator to determine which has had the greater "performance" in the past 15 years.
Yes Fazal. Life and success ultimately hinge on making the right choices. While there are countless paths to consider, it's the few carefully considered decisions that lead to true success. I was fortunate enough to get into crypto early, and continue to buy metals and property over the years with profits. If I held all my cryptos and didn’t buy hard assets, I would have a couple of hundred thousand more in fiat on paper, but absolutely sleep much better holding my coins. I still believe that crypto is the future, and know that precious metals will always be precious, so owning both is probably a better choice 😊
Continuing the smoking analogy... it's easier not to start than it is to quit. Same with vote-buying, I mean deficit spending...Best always. PM
For the record: "forego" means to precede "forgo" means to forsake or avoid or do without. How to differentiate? In English the prefix "fore" equates to the German prefix "vor" and the English prefix "for" equates to the German "ver" vorgehen = precede and vergehen = forgo ("Vor" equates to the Latin "pro". )
Apparently they let the old Bill Bonner out of the cellar to write an article or two. Love it.
Quick question and looking for "Deliverables" as the kids say:
Since we all agree Congress won't reduce spending, and apparently the Fed is powerless to do anything about it - where do you recommend we go from here? I get it - Maximum Safety Mode, buy PMs and select Equities, yada-yada.... but IS there a way to right the ship long-term 𝙞𝙣 𝙩𝙝𝙞𝙨 𝙘𝙪𝙧𝙧𝙚𝙣𝙩 𝙚𝙣𝙫𝙞𝙧𝙤𝙣𝙢𝙚𝙣𝙩?
I'd LOVE to hear some REAL, actionable suggestions that actually have a chance of being implemented. C'mon Bill - give us something to harangue our "leaders" about that might lead to positive outcomes....
PS - Hmmmmmmm. Here's a temporary idea. Brilliant...
What ? Shut the Federal Government down, blastophmy... will be a cold day in the Sahara before a sustained government shutdown and reshuffle happens. Good suggestion though and can they schedule it a day after my SS check clears the bank?
Note the simplicity of this BPR investment pattern – but note, too, Bill's detailed explanation of the effete rich machinations that make the TIMING of this pattern quite unpredictable.
Food and other reserves, living friendly and inconspicuous in a friendly place, and being debt-free are essential. Family unity is also a historic win-win, naturally discouraged by the effetes' opinion machine.
In Economics it is the problem of Needs and Wants. Most people in the developed world spend most of their money on things that they want but do not need. We all need shelter, but no one really needs a 5,000 square foot home(unless you have enough kids to need 6 or more bedrooms). No one needs 3 cars in the driveway, 3 or 4 tvs……. ad infinitum. This sets up a global economy based on wants, which will always be a dubious enterprise, and, more importantly perhaps, the more expansive such a want based global economy gets the more fragile and unstable it becomes. This is obvious. What would happen if everyone on the planet stopped purchasing “wants” tomorrow, permanently? We have a gigantic and global advertising industry whose main job is to ensure this never happens and that the Want Balloon expands in perpetuity. It is most likely to be popped from the outside-in, meaning wants are not going to go away, however the objects of the wants are.
The point is that an economy that is based on the purchase of things which are not fundamentally needs, the purchase of which could cease at any time, is by nature a fragile economy, the bigger the more fragile. I don’t care what your needs or wants are, and neither does anybody else other than the advertisers.
Geez........chaos in the world and chaos in the Comments. What a world we currently inhabit. Everyone has an opinion and, unfortunately, everybody thinks they are ABSOLUTELY right and everybody else is an idiot. It is the 4th Turning and this is exactly what happens in every 4th Turning. The World goes into a huge crisis and here we are. For us peons, hoping the Government straightens itself out and/or does anything for us is pure lunacy. PURE! My recommendation - read Neil Howe's "The 4th Turning is Here!" (2023) which is an update to The 4th Turning (2009) by William Strauss (since passed) and Neil Howe.
Do you guys think that Cash Flow is King still rings true?
Could you summarize your "pyramid" --my term-- of financial security? Most secure stuff working from the bottom up to the most speculative/volatile, etc.? Thank you kindly for your insight.
It seems that this mkt is running on two words, like Rockerfellar used (when asked why he kept trying to make more money), "Want More". Also, even good marriages seem to result from two words, "Yes Dear". Regretfully, for those who stay too long in this mkt (in "hot stocks") may end up wishing they had "Gold Stocks", when the crap hits the fan
This multi trillion debt started when? I know you know but why don't you have guts to print so? Why did the first dollar barrowed never got repaid? It was not Nixon, right?
On March 19, 1968, President Johnson signed a bill eliminating the “gold cover”
The post-1965 increase in Federal Reserve Note liability (i.e., dollars) paralleled the rapid increases in both the U.S. federal budget and the U.S. Federal budget deficit associated with President Johnson’s “guns and butter” policies, otherwise known as the “Great Society” and the Vietnam War.
LBJ’s focus on “guns and butter”, and his removal of the gold cover, ushered in a new paradigm in how the U.S. economy would be run.
Free market capitalism was “out”; government controlled “creditism” was in … and has ruled us, and the rest of the world, ever since.
Starting in 1987, just before Black Monday, I have seen many cycles of the Boom and Bust( not completely).. in Gold; This cycle is Different in that Gold has another contender: Bitcoin. There are many who chose to own Bitcoin, drank the Kool-Aid and follow the Gospel of Michael Saylor; They even piggyback on the Luster of GOLD.. calling it .. Digital Gold!..; Inspite of all the Political backing Bitcoin has .. it is still Lagging the Performance of Gold… Which is a better investment? Or, should I say… Store of .. Value? Gold has a 5,000 Year Track Record and Bitcoin?.. 20 years? Time will Tell 🙏🎉🍁.. Confession,, I am a Believer in .. Gold✅
Day-um, Fazal. We DO have some common ground.....
Hi Mr. Sharif! Yes, I had an inkling that you did like gold! I am with you.
Ah…. Long Before I Like Gold.. I worked with Gold, taking 24 Kt Gold and Alloy it Down to 12 , 15 and 18 Kt.. I am a 3rd Generation Goldsmith from.. Guyana .. I learned very early the importance of Cash-flow and Customer Service; and for the First 25 years in Canada 🇨🇦 I made my Living working as a Goldsmith, I met my wife of 45 Years in the Trade; I had a life long desire to Return to School and so at the Age of 36 I Made that a Reality and had a wonderful Career as a Broadcast Engineer . My company was at the forefront of the Analog—> Digital Transition, Then To HD TV etc. I retired just at the start of the Pandemic after 24 fruitful Yrs ..with just one Company✅🙌🍁
"𝙄𝙣𝙨𝙥𝙞𝙩𝙚 𝙤𝙛 𝙖𝙡𝙡 𝙩𝙝𝙚 𝙋𝙤𝙡𝙞𝙩𝙞𝙘𝙖𝙡 𝙗𝙖𝙘𝙠𝙞𝙣𝙜 𝘽𝙞𝙩𝙘𝙤𝙞𝙣 𝙝𝙖𝙨 .. 𝙞𝙩 𝙞𝙨 𝙨𝙩𝙞𝙡𝙡 𝙇𝙖𝙜𝙜𝙞𝙣𝙜 𝙩𝙝𝙚 𝙋𝙚𝙧𝙛𝙤𝙧𝙢𝙖𝙣𝙘𝙚 𝙤𝙛 𝙂𝙤𝙡𝙙"
😂 Unless your definition of "performance" is different than mine, this claim is demonstrably ludicrous.
While Bitcoin was first mined in 2009, it didn't have a value in fiat currencies until 2010, when it was valued at around $.41 USD. In Jan. of 2010, gold had a value of approximately $1100.
Since then, the price of gold has risen to around $3800, while Bitcoin is currently around $114000.
It doesn't take a calculator to determine which has had the greater "performance" in the past 15 years.
Yes Fazal. Life and success ultimately hinge on making the right choices. While there are countless paths to consider, it's the few carefully considered decisions that lead to true success. I was fortunate enough to get into crypto early, and continue to buy metals and property over the years with profits. If I held all my cryptos and didn’t buy hard assets, I would have a couple of hundred thousand more in fiat on paper, but absolutely sleep much better holding my coins. I still believe that crypto is the future, and know that precious metals will always be precious, so owning both is probably a better choice 😊
Continuing the smoking analogy... it's easier not to start than it is to quit. Same with vote-buying, I mean deficit spending...Best always. PM
For the record: "forego" means to precede "forgo" means to forsake or avoid or do without. How to differentiate? In English the prefix "fore" equates to the German prefix "vor" and the English prefix "for" equates to the German "ver" vorgehen = precede and vergehen = forgo ("Vor" equates to the Latin "pro". )
Apparently they let the old Bill Bonner out of the cellar to write an article or two. Love it.
Quick question and looking for "Deliverables" as the kids say:
Since we all agree Congress won't reduce spending, and apparently the Fed is powerless to do anything about it - where do you recommend we go from here? I get it - Maximum Safety Mode, buy PMs and select Equities, yada-yada.... but IS there a way to right the ship long-term 𝙞𝙣 𝙩𝙝𝙞𝙨 𝙘𝙪𝙧𝙧𝙚𝙣𝙩 𝙚𝙣𝙫𝙞𝙧𝙤𝙣𝙢𝙚𝙣𝙩?
I'd LOVE to hear some REAL, actionable suggestions that actually have a chance of being implemented. C'mon Bill - give us something to harangue our "leaders" about that might lead to positive outcomes....
PS - Hmmmmmmm. Here's a temporary idea. Brilliant...
https://x.com/profstonge/status/1972624902378107214?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1972624902378107214%7Ctwgr%5E2b3d682c5a4c3cc46725d6762984e3864295f629%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fchoiceclips.whatfinger.com%2F2025%2F09%2F29%2Ftrumps-masterstroke-why-the-government-shutdown-is-essential-to-drain-the-swamp-and-reshape-dc-in-days-democrats-in-full-panic-mode%2F
What ? Shut the Federal Government down, blastophmy... will be a cold day in the Sahara before a sustained government shutdown and reshuffle happens. Good suggestion though and can they schedule it a day after my SS check clears the bank?
St. Onge is brilliant, love the guy.
Note the simplicity of this BPR investment pattern – but note, too, Bill's detailed explanation of the effete rich machinations that make the TIMING of this pattern quite unpredictable.
Food and other reserves, living friendly and inconspicuous in a friendly place, and being debt-free are essential. Family unity is also a historic win-win, naturally discouraged by the effetes' opinion machine.
In Economics it is the problem of Needs and Wants. Most people in the developed world spend most of their money on things that they want but do not need. We all need shelter, but no one really needs a 5,000 square foot home(unless you have enough kids to need 6 or more bedrooms). No one needs 3 cars in the driveway, 3 or 4 tvs……. ad infinitum. This sets up a global economy based on wants, which will always be a dubious enterprise, and, more importantly perhaps, the more expansive such a want based global economy gets the more fragile and unstable it becomes. This is obvious. What would happen if everyone on the planet stopped purchasing “wants” tomorrow, permanently? We have a gigantic and global advertising industry whose main job is to ensure this never happens and that the Want Balloon expands in perpetuity. It is most likely to be popped from the outside-in, meaning wants are not going to go away, however the objects of the wants are.
..."wants" are subjective.
Who are you to determine what my needs are?
Your rant sounds communal to me...
The point is that an economy that is based on the purchase of things which are not fundamentally needs, the purchase of which could cease at any time, is by nature a fragile economy, the bigger the more fragile. I don’t care what your needs or wants are, and neither does anybody else other than the advertisers.
What you might determine is a "want" for me, I may decide is a "need".
So long as there is "demand", there will be needs and wants.
A fragile economy would not be measured by what is offered, rather what is not.
Prior to 1857 no one thought toilet paper was a "need".
Geez........chaos in the world and chaos in the Comments. What a world we currently inhabit. Everyone has an opinion and, unfortunately, everybody thinks they are ABSOLUTELY right and everybody else is an idiot. It is the 4th Turning and this is exactly what happens in every 4th Turning. The World goes into a huge crisis and here we are. For us peons, hoping the Government straightens itself out and/or does anything for us is pure lunacy. PURE! My recommendation - read Neil Howe's "The 4th Turning is Here!" (2023) which is an update to The 4th Turning (2009) by William Strauss (since passed) and Neil Howe.
Do you guys think that Cash Flow is King still rings true?
Could you summarize your "pyramid" --my term-- of financial security? Most secure stuff working from the bottom up to the most speculative/volatile, etc.? Thank you kindly for your insight.
When expenses exceeds revenue and you borrow from Peter to pay Paul eventually you run out of Pauls. It is the road to ruin.
It seems that this mkt is running on two words, like Rockerfellar used (when asked why he kept trying to make more money), "Want More". Also, even good marriages seem to result from two words, "Yes Dear". Regretfully, for those who stay too long in this mkt (in "hot stocks") may end up wishing they had "Gold Stocks", when the crap hits the fan
This multi trillion debt started when? I know you know but why don't you have guts to print so? Why did the first dollar barrowed never got repaid? It was not Nixon, right?
Chicken!
Leonard Hartman
On March 19, 1968, President Johnson signed a bill eliminating the “gold cover”
The post-1965 increase in Federal Reserve Note liability (i.e., dollars) paralleled the rapid increases in both the U.S. federal budget and the U.S. Federal budget deficit associated with President Johnson’s “guns and butter” policies, otherwise known as the “Great Society” and the Vietnam War.
LBJ’s focus on “guns and butter”, and his removal of the gold cover, ushered in a new paradigm in how the U.S. economy would be run.
Free market capitalism was “out”; government controlled “creditism” was in … and has ruled us, and the rest of the world, ever since.
I take it that You know the answers to Your questions. Am I correct in My thinking?