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

@Buygold 10:53 re your “I’m befuddled by the strength in the shares. What do they know that gold doesn’t?”

Posted by Mr.Copper @ 13:01 on November 22, 2022  

My thoughts? First of all, mining shares were ignored disrespected for a long time as the FANG Crypto etc regular crap was so popular and in uptrends. They crashed. The “market” seeing the expensive overpriced totally useless stuff collapse in value, may be thinking the artificially underpriced metals in the futures markets will probably rebound to their natural values, and make the miners very valuable.

Great real estate, with underpriced metals in the ground. Tremendous leverage over the metal itself. Example silver only up .43% but miners 3 4 5 8% higher.

I think its the futures players that “vote” prices too high and too low. And if Uncle Sam wants higher or lower “some, thing” they just call Goldman Sachs reps to place big bets with unlimited funds and no risk on the target commodity.

It WORKS until the price distortion kills supply or demand and reality or market forces REBOUNDS against them.  This all started after 9/11/01. Labor and materials prices went nowhere after 1980 until 9/11/01, its visible in long term charts. If some “things” are not 20 X higher, than 1975 they are underpriced compared to the general inflation curve.

Gasoline was .25 cents it should be $5. Gold was $140, it s/b $2800 for example. 1975 Silver was $4.24 s/b $84/oz today. Any price that rebounds to equilibrium imo is not sudden inflation. If a dumb landlord doesn’t raise rents accordingly and a new land lord takes over, and brings rates to market its not inflation imo.  I saw this happen. Late 1970s we got a new landlord, he told me “Geez his rents re from the 1960s”.

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Post by the Golden Rule. Oasis not responsible for content/accuracy of posts. DYODD.