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Post by SA Hunter on May 11, 2022 19:18:27 GMT 10
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spatial
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Post by spatial on May 12, 2022 6:22:47 GMT 10
Yip stagflation is here, prices up economy in recession. Rising interest rates while economy slowing down.
Many on here put faith in crypto currencies they are getting totally monkey hammered, bitcoin down 36% year to date.
US stocks major fall in last hour of trading. Many are saying the debt bubble has burst, prepare for war and shortages of all things, and riots and looting in your local town.
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spatial
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Post by spatial on May 12, 2022 6:30:14 GMT 10
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Post by milspec on May 12, 2022 6:38:23 GMT 10
Many on here put faith in crypto currencies they are getting totally monkey hammered, bitcoin down 36% year to date. I sure do, I am hoping the price drops even more over the next 2 months so that I can buy more. Presently it is cheaper to buy than it has been for over a year. To make profit on bitcoin (or anything really) you buy it when it is cheap, not when it is expensive. Given the pathetic state of affairs of fiat money and .gov mishandling of it, the case for bitcoin gets stronger every day.
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frostbite
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Post by frostbite on May 12, 2022 7:12:14 GMT 10
I'm finally considering investing in physical gold. Got very few items left on my buy list and not comfortable putting too much more in my bank account. Silver doesn't seem to do much, but I'm feeling gold is going to explode in value. I don't trust crypto for anything other than short term profit taking.
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tactile
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Post by tactile on May 12, 2022 8:13:25 GMT 10
I'm finally considering investing in physical gold. Need to be quick...getting silver or gold in physical has been getting dodgy for a while now. Like the supply of a lot of things...
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Beno
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Post by Beno on May 12, 2022 8:35:02 GMT 10
Crypto is as productive as the roulette wheel.
gold would be good for peace of mind and not for making mega bucks. expect to lose money too but not as much as other investment options.
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malewithatail
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Post by malewithatail on May 12, 2022 9:32:43 GMT 10
I have some crypto, just for a TEOTWAWKI situation. Not to profit, as, like the stock market, its a coming down. And its all hot air. Yes, money can be made, but I prefer to invest in prepping the farm for the future collapse, when all those who put their faith in stock, bonds, crypto etc are begging for a crust.
We are refining our skills at dehydrating and distilling, drying leaves to make our own tea, medicines and so on. Practical skills that will be needed in the immediate future.
Saw a report that said the true inflation rate in the US is the highest its ever been, even during the depression. Something over 25 %. Its not measured with the same yardstick as it was even a few years ago. Thats scary.
Could this be the ultimate use for crypto ?
So we go to a digital currency that is "assigned" to the citizen so they can order their food which will be delivered by govt contracted- and fueled - organizations. And is easily traced to see what supplies you are hording ?
They already know what web sites you visit, as every ones search history is stored, for ever, even if you use a dodgy name, its still there, along with your IP address and so on. You can run but you cant hide.
They know where the guns are, so WTS looks like its going to HTF, they can round them all up. Along with ammo.
I remember reading somewhere that we get the Government we deserve.
You know you own an old tractor when.....You can say with a straight face "well, look at that a tractor show"hilst on holidays with the family.
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spatial
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Post by spatial on May 12, 2022 10:30:40 GMT 10
Crypto is as productive as the roulette wheel. gold would be good for peace of mind and not for making mega bucks. expect to lose money too but not as much as other investment options. Very true. Cryptos linked to US dollar have gone under that is breaking the crypto market. How do they make crypto payments - it has no intrinsic value. Some billion dollar crypto name have basically gone broke and crypto exchanges are loosing money. I watch crypto price and when high risk stocks fall so does crypto, finical markets consider crypto as a high risk investment. One cant refer to it as an asses as it has value base. www.vice.com/en/article/88gyy4/its-a-bloodbath-the-crypto-crash-is-real“Crypto is dead,” declared columnist Ross Clark writing in British conservative magazine The Spectator. As it happens in every crash, crypto investors–retail and institutional–coped with memes; Michael Saylor, whose company MicroStrategy is one of the largest holders of bitcoin, posted a photoshopped meme of himself working at McDonald’s. “It’s over,” has become another running gag. It’s far from a jovial atmosphere, though—the sudden crash has left many investors in shock, and the Luna subreddit is filled with investors airing suicidal thoughts and support messages. www.cnbc.com/2022/05/11/terra-ust-stablecoin-dives-below-1-peg-luna-cryptocurrency-down-80percent.htmlCRYPTO WORLD Controversial stablecoin UST — which is meant to be pegged to the dollar — plummets below 30 cents TerraUSD, or UST, plunged to as low as 26 cents. The so-called stablecoin is meant to maintain a 1-to-1 peg with the U.S. dollar. It was last trading at around 68 cents, according to Coin Metrics data. Sister token luna, which has a floating price and is meant to serve as a kind of shock absorber for UST, at one point dived to less than 90 cents before recovering slightly to $1.18. The coin has lost roughly 96% of its value in the past seven days, and now has a smaller market value than its stablecoin counterpart.
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Post by Stealth on May 12, 2022 14:54:20 GMT 10
I'm finally considering investing in physical gold. Need to be quick...getting silver or gold in physical has been getting dodgy for a while now. Like the supply of a lot of things... I agree. Depends on where you're sourcing it from, but it's getting harder and harder to come by reasonable deals. The price of gold has been smashed recently so it's a really good time to invest. As milspec points out, you want to buy when it's cheap regardless of your investment. I prefer metals because they're pretty easily liquidated and we don't have gold for making money it's there to reserve our cash value. Silver on the other hand we've bought over the years to make money. It's currently one of the most under-priced commodities on the market and is due for a good steam up. We'll liquidate that when the prices are right and continue to hold onto the gold for savings rather than money making. Without getting into the weeds, metals are due for a good price push so we're watching what happens. Especially when we fall into a recession. That's where our metals will hopefully come to the front and we can put them against the house that we're hopefully going to be buying shortly. Paid off property is worth more than gold under the bed for us (stability for the kids and all) but liquidating will be done gradually and at beneficial times.
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tactile
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Post by tactile on May 12, 2022 15:41:42 GMT 10
There is a lot of counterfeit stuff around too so don't be tempted to buy off Ebay or Gumtree unless you are 100% sure of the seller. I'd suggest you suck it up and pay over spot from reputable places. If your bullion has a reputable name on it and you keep a record of where you purchased it from you will get a premium for it anyway...
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frostbite
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Post by frostbite on May 12, 2022 17:39:08 GMT 10
I was planning on buying it from Ainslie. A friend has bought silver from ABC for years but they seem overpriced to me. I want something safe that will at least keep up with inflation mid to long term and be easily tradeable in the future, and hidden from the grubbyment's prying eyes. Not interested in shares, despite the last tip I gave a work colleague increasing over 300% within 12 months.
I'm thinking small gold bars might be the answer.
For those reading this, I don't recommend PM's as an investment until you have all your other preps sorted. Real estate is in my experience the best investment you can make, but I already own 3 properties outright and am looking for something different.
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tactile
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Post by tactile on May 12, 2022 18:06:08 GMT 10
Sealed, serialised 1oz gold bars for me...Perth Mint, Royal Mint, Scottsdale, Baird & Co any of the bigger names - makes them easier to sell with photos and no need for face to face if you don't want that sort of thing. Need to keep your purchase under $5K or they have to take your details.
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Post by ausprep130 on May 13, 2022 11:30:15 GMT 10
How about this one I got in a Peter Zeihan email today. Gotta love the Germans... Interesting graph. Curious how the figures are calculated. Is it just the 'internal' debt of the citizens (credit cards, mortgage) or does it include debt for foreign assets such as a mortgage on an overseas property portfolio? What exactly does "Excludes credit to financial institutions" mean? Is it excluding business loans, and/or margin loans for private citizens?
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tactile
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Post by tactile on May 13, 2022 13:36:15 GMT 10
Interesting graph. Curious how the figures are calculated. Is it just the 'internal' debt of the citizens (credit cards, mortgage) or does it include debt for foreign assets such as a mortgage on an overseas property portfolio? What exactly does "Excludes credit to financial institutions" mean? Is it excluding business loans, and/or margin loans for private citizens? Yeah, its a bit vague huh? I'm assuming it excludes the funds that central banks (printed money/bond shenanigans) lend to the the banks etc so they can lend to everyone else?.
I'm trying to get my head around the US line (3rd lowest blue) which seems suspiciously straight in my opinion and low! The US? 3rd lowest credit?
Ive noticed Zeihan is ultra-pro America too which is OK but need to keep an eye on some of his data and rhetoric.
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tactile
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Post by tactile on May 13, 2022 15:15:28 GMT 10
Interesting Australian perspective.
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Post by Stealth on May 13, 2022 19:24:34 GMT 10
I was planning on buying it from Ainslie. A friend has bought silver from ABC for years but they seem overpriced to me. I want something safe that will at least keep up with inflation mid to long term and be easily tradeable in the future, and hidden from the grubbyment's prying eyes. Not interested in shares, despite the last tip I gave a work colleague increasing over 300% within 12 months. I'm thinking small gold bars might be the answer. For those reading this, I don't recommend PM's as an investment until you have all your other preps sorted. Real estate is in my experience the best investment you can make, but I already own 3 properties outright and am looking for something different. I've heard good things about both Ainslie and ABC. I actually registered for purchasing from Ainslie quite some time ago but was put off by a sales person cold calling me and offering their help with any purchases I might want to make. Sorry, but I didn't register my details to have someone sell things to me. I registered to make purchases with as little intervention as possible. I don't like talking to sales people. That being said their prices are pretty reasonable depending on your target purchase (ie. bars vs bullion coins etc) but personally I always buy from the Perth mint because I just prefer the surety of recognition in all different markets. Most people recognise the Perth mint whereas they might not recognise ABC or Ainslie markings. I know it's slightly less likely but it's something I'd rather not have to quibble on.
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bug
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Post by bug on May 19, 2022 17:08:04 GMT 10
An interesting recent trend is that many people are getting exactly what they wanted. Landlords are apparantly all evil billionaires sucking the country dry via negative gearing and preventing anyone else from buying a home. Well, in 2022 landlords were selling properties at twice the rate they are buying them. The result? Skyrocketting rents and dozens of applications for most rental properties. The only exception was in areas that had previously been dominated by international students and backpackers...pretty meaningless for most families.
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spatial
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Post by spatial on May 19, 2022 18:30:23 GMT 10
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