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Thread: Time to load up the truck again?

  1. #51
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    Re: Time to load up the truck again?

    looks like at the time crowd over here hated the idea of loading the truck

    now looks like the idea of unloading the truck ain't welcomed either

  2. #52
    Dangerous Donald Neuro's Avatar
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    Re: Time to load up the truck again?

    Quote Originally Posted by jcismylord View Post
    So, we are approx at 54% profit since this thread start.

    I have been slowly, but steadily unloading the truck over the last couple of months.

    Anybody else doing the same? Ideas? Thoughts?
    I did buy 10 Canadian Maples some six months ago, most of the silver I have I bought 8-9 years ago. I bought back what I sold at $38-46 range, at around $27. Since then I have from time to time bought some junk silver. We are still 50% below the ATH from 1980, which I believe will be broken within a few months at the most a year from now. And probably it will surpass it by some. Then you will see a correction down towards $50, the last attempt to save the USD, and then trust in USD will be irreversibly broken and hyperinflation will be a fact. No return to normalcy is possible at that point. Sure one could sell at this time if you are going to buy something you’ld rather have, but don’t expect to be able to buy back your silver at a later date for less USD. Sure it could happen in the sig saw of market movements we will see, but I think it will be unlikely unless you are 1) Lucky 2) Incredibly skilled analyst.

    Of course I could be wrong. I have been frequently wrong with my beliefs, and somehow bankers figure out away to stop inflating monetary supply without killing the economy completely. Or they just decide to kill the economy and thus strengthen dollar. But I think they will just keep inflating and we will see silver at 3 digits and beyond.
    Cultural Marxism: -The idea that good, hard working, white people should pay for those who are not, and thus in the name of equality create the conditions for their own genetic annihilation

  3. #53
    Unobtanium EE_'s Avatar
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    Re: Time to load up the truck again?

    Quote Originally Posted by Neuro View Post
    I did buy 10 Canadian Maples some six months ago, most of the silver I have I bought 8-9 years ago. I bought back what I sold at $38-46 range, at around $27. Since then I have from time to time bought some junk silver. We are still 50% below the ATH from 1980, which I believe will be broken within a few months at the most a year from now. And probably it will surpass it by some. Then you will see a correction down towards $50, the last attempt to save the USD, and then trust in USD will be irreversibly broken and hyperinflation will be a fact. No return to normalcy is possible at that point. Sure one could sell at this time if you are going to buy something you’ld rather have, but don’t expect to be able to buy back your silver at a later date for less USD. Sure it could happen in the sig saw of market movements we will see, but I think it will be unlikely unless you are 1) Lucky 2) Incredibly skilled analyst.

    Of course I could be wrong. I have been frequently wrong with my beliefs, and somehow bankers figure out away to stop inflating monetary supply without killing the economy completely. Or they just decide to kill the economy and thus strengthen dollar. But I think they will just keep inflating and we will see silver at 3 digits and beyond.
    I believe we will be looking at much higher prices by Nov. The Fed is in a bad place, they must inflate or die for the foreseeable future. Wait to see what negative interest rates does.
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    Dangerous Donald Neuro's Avatar
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    Re: Time to load up the truck again?

    Quote Originally Posted by EE_ View Post
    I believe we will be looking at much higher prices by Nov. The Fed is in a bad place, they must inflate or die for the foreseeable future. Wait to see what negative interest rates does.
    Yep, thats it inflate or die. It is just that it will not be them that dies. It would be the 90% clueless class that are at greatest risk for that. But I do think we will probably go to hell in hyperinflation inferno rather than deflationary deathspiral. It just tends to be easier to just give full throttle with the money spigot... Some people obviously knows what the plan is, but we are not among those. If they like they could turn off the economy for the election if they prefer Biden instead. They probably need to start turning off the spigots around now in that case. However I think they prefer Trump to sit another 4 years. Letting him take the blame for the complete crash, ensuring a full on communist like AOC wins presidency 4 years later...
    Cultural Marxism: -The idea that good, hard working, white people should pay for those who are not, and thus in the name of equality create the conditions for their own genetic annihilation

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    Re: Time to load up the truck again?

    Quote Originally Posted by Neuro View Post
    Yep, thats it inflate or die. It is just that it will not be them that dies. It would be the 90% clueless class that are at greatest risk for that. But I do think we will probably go to hell in hyperinflation inferno rather than deflationary deathspiral. It just tends to be easier to just give full throttle with the money spigot... Some people obviously knows what the plan is, but we are not among those. If they like they could turn off the economy for the election if they prefer Biden instead. They probably need to start turning off the spigots around now in that case. However I think they prefer Trump to sit another 4 years. Letting him take the blame for the complete crash, ensuring a full on communist like AOC wins presidency 4 years later...
    If we take the white house, house and senate, it would be an epic blow to the Dems. I'm not worried what happens after that.
    I think they will be so upset they will try to burn down the whole country. The country will see what they really are and not vote for them again for a generation.
    Vote Joe Biden!

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  6. #56
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    Re: Time to load up the truck again?

    I wonder if there will be something worth buying with a low mintage?

    U.S. Mint cuts gold and silver coin production for a year or more, blames virus
    Submitted by cpowell on Tue, 2020-07-28 02:48. Section: Daily Dispatches

    U.S. Mint Has Reduced Silver, Gold Coin Supplies to Purchasers

    By Justina Vasquez and Yvonne Yue Li
    Bloomberg News
    Monday, July 27, 2020

    The U.S. Mint has reduced the volume of gold and silver coins it is distributing to authorized purchasers as the coronavirus pandemic slows production, a document seen by Bloomberg shows.

    The Mint's West Point complex in New York is taking measures to prevent the virus from spreading among its employees, and that will probably slow coin production there for the next 12 to 18 months, the document shows.

    The facility is no longer able to produce gold and silver coins at the same time, forcing it to choose one metal over the other, according to the document, which was presented last week to companies authorized to buy coins from the Mint.

    A spokesman for the Mint didn't immediately have comment.

    "The pandemic created a whole new set of challenges for us to manage," the Mint said in the document. "We believe that this environment is going to continue to lead to some degree of reduced capacity as West Point struggles to balance employee safety against market demand." ...

    http://www.gata.org/node/20338
    Vote Joe Biden!

    Climate change, Green new deal, Carbon tax, Abortion is a woman's health right, lgbtq's better then heterosexuals, Open borders
    Let illegals vote and get free healthcare, White people are racists!, We need universal healthcare, God doesn't exist
    Ban assault rifles and high capacity 'clips', Sanctuary cities, Political correctness, Defund the military, China is our friend
    America is not great, Free college, Tax the rich, Raise taxes on working people, Reparations for Blacks

  7. The Following User Says Thank You to EE_ For This Useful Post:

    PatColo (28th July 2020)

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