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| Economy |
| Gold Is Exposing The Phony Economy |
| 2024-10-27 |
| [Peter Schiff] On this week’s episode, Peter covered a record setting week for gold and a stellar week for silver. With the metals nearly cresting $2800 and $35, respectively, Peter sees this price action as confirmation that the Fed’s recent rate cuts are a mistake. Politicians may love inflation, and the media is oblivious, but the metals markets know that America’s economic trajectory is unsustainable. |
| Posted by:Besoeker |
| #7 I believe that men will look back on this era as a time when vastly more 'Gold' was sold than existed in the first place. |
| Posted by: Cesare 2024-10-27 18:01 |
| #6 Wine, bourbon, ammunition and single serving prepper meals are low end transaction alternatives. Just watch you six after the trade and practice basic SDR "dry cleaning". As a good friend and former SF Officer once said, I'm not a prepper because I know where you live! Surveillance Detection Routes (SDRs) "A Surveillance Detection Route (SDR) is a planned path designed to expose potential surveillance. An SDR includes multiple turns, stops, and changes in speed to encourage any surveillance to reveal itself. If the same individual or vehicle is spotted multiple times during the route, it might indicate surveillance." https://trdcrft.com/counter-surveillance-detection/ |
| Posted by: NoMoreBS 2024-10-27 15:20 |
| #5 One can eat bread and beef. Gold is pretty. |
| Posted by: Skidmark 2024-10-27 11:33 |
| #4 While it certainly could be, gold is not a currency as such, it's an economic barometer. Take a five dollar gold piece to the bank and you will get five dollars. Take it to coin dealer and you can expect to get about $300. $300. is actual worth. That the bank and government gives you is slightly less. Gold can't be printed on a government press. |
| Posted by: Besoeker 2024-10-27 09:07 |
| #3 Gold ETFs like GLD is where I have some money. |
| Posted by: Penguin_of_the_Best_Desert 2024-10-27 08:07 |
| #2 Who's your local reliable gold assayer? Trying to use a coin or a bar is like trying to use a high value bill which are usually not accepted in basically low transactions. You sure who ever you are dealing with can make viable change and in what medium? |
| Posted by: Procopius2k 2024-10-27 07:26 |
| #1 While Gold is a good form of personal wealth protection. How does one spend it to purchase basics during a Economic / Currency collapse? |
| Posted by: NN2N1 2024-10-27 05:28 |