OASIS FORUM Post by the Golden Rule. GoldTent Oasis is not responsible for content or accuracy of posts. DYODD.

Auaandag – when I click on the Kunstler link I get “page not found” which to be honest is fine. I don’t think very highly of him anyway as I suspect he is part of the Marxist tribe.

MM3 – Happy New Year, good to see you poking around these parts. 🙂

GG500…

He makes everybody on this board look like optimists!

You and I must have the same portfolio’s!

Now, if after going up 300%, it doubled from there, then I’d be back to 2006 levels where all the smart people sold! 🙂

Thanks for the article! Will it matter in our lifetimes? No clue.

We are dealing with the most criminal element ever known on the planet. Everything depends on fiat for the criminal element that currently run the world.

Holding on to my last grams for the outcome. 🙂

It was only down 87% from end of 2010. Now its only down 73.5%

Now if it can go up 300% in 2017 I’ll be back where I was at end of 2010.

Good luck with that.

A somewhat long, but excellent article.

I didn’t see a time given for the main event, but likely every diehard goldbug will have had their last gold gram beaten out of them by the time it arrives.

Guest Post: “The Death of The Petrodollar and What Comes After”, by Grant Williams

Our friend Grant Williams is a Singapore-based hedge fund manager who writes the always-insightful newsletter, “Things That Make You Go Hmmm”. His latest effort is excerpted from his recent
http://www.tfmetalsreport.com/blog/8067/guest-post-death-petrodollar-and-what-comes-after-grant-williams

https://www.youtube.com/watch?v=jFwyxR7oh3I

American Notes

Apart from all the ill-feeling about the election, one constant ‘out there’ since November 8 is the Ayn Randian rapture that infects the money scene. Wall Street and big business believe that the country has passed through a magic portal into a new age of heroic businessmen-warriors (Trump, Rex T, Mnuchin, Wilbur Ross, et. al.) who will go forth creating untold wealth from super-savvy deal-making that un-does all the self-defeating malarkey of the detested Deep State technocratic regulation regime of recent years. The main signs in the sky, they say, are the virile near-penetration of the Dow Jones 20,000-point maidenhead and the rocket ride of Ole King Dollar to supremacy of the global currency-space.

I hate to pound sleet on this manic parade, but, to put it gently, mob psychology is outrunning both experience and reality. Let’s offer a few hypotheses regarding this supposed coming Trumptopian nirvana.

cont. http://kunstler.com/clusterfuck-nation/forecast-2017-wheels-finally-come-off/

World’s top 10 rookie gold mines

World’s top 10 rookie gold mines

Bitcoin hit $1030 this morning.

A lot of doubts about bitcoin can be resolved by simply learning more about how it works.  The blockchain leaves a ‘transaction record’ to  wallet numbers that are randomly generated, with no user identity attached.  So audit trails do not work, unless a user reveals what wallet # was used for what transaction.  That’s why the gov’t goes after the exchanges to reveal ‘user data’… the only way they can track is at the point of transfer 1n/out of bitcoin and tag that transaction to ‘user data’ stored at the exchange.

One is much safer in an one-to-one transaction such as purchasing an item.  That cannot be tracked unless one party reveals something.

And EEOS… really?  I’m sure you take good care of your physical wallet loaded with cash… and don’t let your daughter play with it or leave it on the stove to burn up.  Same safeguards apply with storing a bitcoin drive.   You can even make a backup and store TWO copies in different places.  Can you do that with the cash in your wallet?

I think the central planners created premature increased prosperity, or business activity or economic growth, in many various foreign nations, by depending on the ability of Americans to borrow and spend money, they did not earn yet, on imported products. That “ability” got a lot smaller after 2008. And the results are showing up here and around the world.

It’s pretty simple. The so called new fangled global economy is like the new fangled construction design of the US Trade center buildings. No problem until fires melted the floor boards and they all collapsed. The US Consumer, was and is the “floor boards” of the global economy.

By listening to the days and weeks and months on TV of Trumps ideas and methods to rebuild the US Consumer, makes me think they are in panic mode, or in a big hurry to fatten up the US Consumer. So far “words” and emotion are working in the stock market, but reality is still here.

As Cash Shortage Leads To Manufacturing Contraction, Economic Shockwaves, Indian Banks Slash Interest Rates

Indian banks announced sharp cuts to their lending rates after a recent surge in deposits, raising hopes that lower borrowing costs will help spark credit growth in Asia’s third-largest economy, at the same time as the December PMI survey showed the first contraction in India’s manufacturing sector in one year, raising doubts about the world’s fastest growing economy.

so what happens when my daughter plays with my USB drive and misplaces it  or decides to write over it?  Or even worse in a fire what happens?  I know what a melted coin looks like. I’m not sure about melted bits

safely stored offline in a thumb drive.   BTC now $1,008.

http://www.coindesk.com/price/

If it’s a tulip mania… play for the top!  🙂

I recognized early on that BTC couldn’t be as manipulated as the common markets.  Thus, technical analysis and especially the elliot waves of mass market participants would be  easily read with confidence.  So far it’s worked for me.   I’m just curious to see how high it goes THIS time.

China is building fiber optic infrastructure along the old Silk Road trading route.  Not only will they connect millions of new Chinese to the ‘net, they will connect Russia and Eurasia  also.  Bitcoin will be the trading medium of choice to be adopted by these people.

a happy, healthy and prosperous New Year !

You can’t go wrong by holding something of value in your hand.  For some reason, Bitcoin reminds me of the tulip mania.  In any case, my intuition bids me stay away.

“It’s Corruption On Steroids” – A Look Inside The El Monte, California Public Employee Pension

A look inside the El Monte, California public pension where a former City Manager, Harold O. Johanson, approved a 50% increase in his retirement package then retired 3 years later drawing $250,000 per year from taxpayers.  One city resident summed it up nicely: “They are just slopping at the public trough. They’re taking advantage of the system.”

I know Bitcoin is a great alternative to cash but the ability of the scum to shut down the internet – especially in China – should be of concern to all Chinese. No clue why they’d trust anything virtual. Maybe I’m the idiot by only trusting what I can hold in my hand?

Bitcoin Soars Above $1000 In China

2017 is off to a good start if you are holding Bitcoin as volumes continue to surge through Chinese Bitcoin exchanges amid fears of increased crackdowns on foreign exchange transfers in the new year. In the last 24 hours, BTC China has seen prices spike above 7,100 yuan (well over $1000 at the onshore rate exchange).

On January 1, 1975 American citizens are allowed to own gold again. Gold is $194 an ounce, silver $4.44.

Pretty much the cost of most basic things in life from the mid 1970s are higher by a factor of 10 to 20 times more than that era. (15-20 times more likely ball park) Think about it. Your house, property taxes, new cars, cup of coffee etc.

Some things like a newspaper that was .05 cents is today $2. That’s a factor of 40 nickels.  Cigarettes’ were .25 cents, today $10, that’s 40 quarters or 40 times more.

Gold today at $1152 (harder than ever to find) from $194 in 1975, is not even 6 times more. $194 times a factor of 15, means the “natural”  gold price should be $2910/oz. On the low side $1940, high side $3880/oz.

Now that its obvious to see all things are going in reverse, perhaps Gold will be allowed to be valued naturally.

http://www.maguireref.com/wp-content/uploads/2012/03/GoldPricesChart.pdf

Apparently my igloo is warmer than Buygold’s dacha.

pass me another turnip…

https://www.youtube.com/watch?v=HVAI07f-5M0