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

0.04%. And yes, at 0.02% it’s game over for all the plants as they don’t have enough food.

Yes. Carbon content in the atmosphere currently sits at 0.3%. Very low. If it drops to 0.2% we start an ice age.

All of it is a lie. Every bit of it.

Back in early 1998, maybe late ’97, so before Robina, a few guys were gathered at our place studying graphs of US debt that we’d downloaded from a 56kb dial-up connection. Hillary was in the White House and the debt was rocketing, over $4tn and going hyperbolic. There’s no way it couldn’t not reach $6tn by the end of her term and we’re telling each other how totally unsustainable it all was, collapse was imminent, the EOTW was nigh, SIX TRILLION DOLLARS!!! Must buy gold. And I did, a bit, also partly as Y2K insurance (how many of you are now feeling old, 56k, Clintons, Y2K, US debt only petty cash ….).

LOL.

Then 2001, 2008, 2020. Crisis after crisis. Liquifaction after liquifaction. We bought a house in 1998 for $195k. It’s a better house, bigger block than the one next door that’s just sold for over $1.2m. And yet, when we bought the house, gold was AUD440. The house has increased by c. 520%, and gold by 740%. Even if it was an investment property, gold has outperformed after rental income, property taxes, insurance, repairs and renovations, income tax, capital gains tax, horrible tenants etc. are taken into account.

So gold has done alright, especially in the last five years (in AUD), even as people continued to knock it. In addition to all the old canards that we yarned about in the early noughties: Fort Knox emptied, rehypothecation of leased gold, US$100,000 per ounce if all dollars were backed by gold, spike cornering the silver market etc; we now have China as a big buyer, other central banks building up their reserves, some serious conflict in the world with either Ukraine or Israel as triggers for WWIII, debt now 900% higher than 1998 (funny you picked 900%!); so really not much has changed. The potential for gold is still there, but you have to ask yourself, in a crash – who will buy? Not the mum and dad investors; I think we’re looking to the CBs to propel it “to da moon”.

Can they kick it down the road again? Will be having the same conversation in 2035? 1998, 2001, 2008, 2020, 2024, 2030 and now 2035? I dunno, spike, nobody knows, we knew nothing twenty years ago and I think we know less now.

But for the moment, as goldilocks always said, “give me volatility or give me death”!! Not that I’m trading anything other than popcorn futures.

Nice post on how to bury some more Govt Bonds–what about activating that

more than capable brain of yours and working out how the precious metals leap in value by about

900% and be quick because we’re running out of time !

come back a little bit, finish down $.50 or so. I guess tough with the dollar coming back. Gold not horrible.

Unreal how much they brought NVDA back.

Dollar coming back. Bitcoin losses cut in half

Amazing

Oddly enough, it looks like we’re tied to the QQQ’s

I guess that’s OK for the moment while they’re coming back. ?

…….there’s definitely no question as to what the algorithms will do to the metals and miners…..

Everything bid except pm’s, although pm shares getting a small bid.

Dollar bid, bonds selling off. Bitcoin bid. QQQ’s have cut their losses in half.

Amazing what an endless supply of fiat can do.

What a fake reality we live in.

has Aladdin chipping away at the QQQ’s. I think pretty soon Blackrock will own everything.

Looks like some professional covering going on in the pm market too. Hard to tell though if it’s just tied to the SM coming back. Almost seems like everything trades together anymore.

and the moves continue to get larger.

Things are going to look a bit different at the close.

Could just be gas though…

Could be. Everything that has worked for over the last decade isn’t working right now. Kind of have to wonder how everyone will be able to unwind their positions at once.

Might be to our advantage that no one holds pm’s anymore.

We’re off the lows a bit. I know we’ll never be allowed to come all the way back, but it does appear there’s some buying/short covering going on in the last half hour.

I wonder if the Plunge Protection Team opened their doors this am? They haven’t had to be active since maybe Covid. Have to like where we are relative to 2020 with Covid. We should be in a much stronger position. “SHOULD BE” 🙂

With this kind of market action you have to think that some of the financial institutions are on the verge of blowing up! How leveraged are they? Gold (physical) may be doing poorly right now but surely it WILL be the last man standing.

now that would be something to behold.

Everything is pm bullish today. 10 yr. down another 12 bips to 4.62%. Dollar down near 1% – odd to see the dollar down in this scenario. Rates have literally fallen 1/2% in the last week or so. Who needs a rate cut?

Wall street, K-street, and the Biden/Obama/Harris administration will be screaming for cuts if this lasts a few days.

Silver just came back 1%.

What a time to be alive!

This is a doozy. The carnage in tech is something to behold. NVDA down 13+%, TSLA down 10%. They’re like pm shares today. We’re used to it, the folks holding tech have seen those things go up daily for 13 straight years or more.

Bitcoin too. Down 13%.

Heck, we take beatings like that on a regular basis. This is a piece of cake for goldbugs. Imagine the panic amongst fund managers and overleveraged banks right now, some who may have never seen anything like this. Some dirty drawers this am. Same with the new breed of 20 and 30 something “crypto traders.”

I almost feel bad for them…well not really…. 🙂

I think I’d rather be blind deaf and dumb today!

I thought that we’d seen massacres in the past … but they were nothing!

No news is good news? 🙂