Donate Bitcoin

Donate Paypal


PeakOil is You

PeakOil is You

THE Silver & Gold Thread (merged) Pt. 1

Discussions about the economic and financial ramifications of PEAK OIL

Re: THE Silver & Gold Thread (merged)

Postby theluckycountry » Wed 23 Jul 2025, 19:02:55

That CEO of StreamX in the vid above is a coinhead btw, a total dreamer. He's cashing in of Gold's luster but his investment platform is based on digital Gold and I wouldn't touch it with a barge pole. Digital or paper Gold is just as susceptible to a wipeout as any other digital instrument.
We're 17 years past the peak now and the 3rd World is going hungry and dark. We'll be next, we're well on the way in fact.
theluckycountry
Light Sweet Crude
Light Sweet Crude
 
Posts: 5254
Joined: Tue 20 Jul 2021, 18:08:48
Location: Australia

Re: THE Silver & Gold Thread (merged)

Postby Armageddon » Thu 24 Jul 2025, 18:15:06

I told you guys to load up on silver back at $14. It’s going to $100
User avatar
Armageddon
Light Sweet Crude
Light Sweet Crude
 
Posts: 7450
Joined: Wed 13 Apr 2005, 03:00:00
Location: St.Louis, Mo

Re: THE Silver & Gold Thread (merged)

Postby theluckycountry » Thu 24 Jul 2025, 18:39:57

$this->bbcode_second_pass_quote('Armageddon', 'I') told you guys to load up on silver back at $14. It’s going to $100

Very few of us saw it, now it's too late for many, they don't even have any money to buy in, they spent it all on holidays and lattes. I doubt it will sink in until the paper markets crash
We're 17 years past the peak now and the 3rd World is going hungry and dark. We'll be next, we're well on the way in fact.
theluckycountry
Light Sweet Crude
Light Sweet Crude
 
Posts: 5254
Joined: Tue 20 Jul 2021, 18:08:48
Location: Australia

Re: THE Silver & Gold Thread (merged)

Postby Armageddon » Thu 24 Jul 2025, 19:00:44

$this->bbcode_second_pass_quote('theluckycountry', '')$this->bbcode_second_pass_quote('Armageddon', 'I') told you guys to load up on silver back at $14. It’s going to $100

Very few of us saw it, now it's too late for many, they don't even have any money to buy in, they spent it all on holidays and lattes. I doubt it will sink in until the paper markets crash



Truth
User avatar
Armageddon
Light Sweet Crude
Light Sweet Crude
 
Posts: 7450
Joined: Wed 13 Apr 2005, 03:00:00
Location: St.Louis, Mo

Re: THE Silver & Gold Thread (merged)

Postby Armageddon » Thu 24 Jul 2025, 19:09:06

Just wait til the average Joe figures out how much of mine supply of silver is consumed by industry. Everyone’s gonna hoard that shit. Then the Bitcoin idiots will figure out what a true store of value is.
User avatar
Armageddon
Light Sweet Crude
Light Sweet Crude
 
Posts: 7450
Joined: Wed 13 Apr 2005, 03:00:00
Location: St.Louis, Mo

Re: THE Silver & Gold Thread (merged)

Postby AdamB » Thu 24 Jul 2025, 19:45:45

$this->bbcode_second_pass_quote('Armageddon', 'I') told you guys to load up on silver back at $14. It’s going to $100


Yes. Pure genius. I was told to buy gold back in the early 80's and listened. Sheer dumb luck.

Such is the genius needed when it comes to PMs.
Plant Thu 27 Jul 2023 "Personally I think the IEA is exactly right when they predict peak oil in the 2020s, especially because it matches my own predictions."

Plant Wed 11 Apr 2007 "I think Deffeyes might have nailed it, and we are just past the overall peak in oil production. (Thanksgiving 2005)"
User avatar
AdamB
Volunteer
Volunteer
 
Posts: 11018
Joined: Mon 28 Dec 2015, 17:10:26

Re: THE Silver & Gold Thread (merged)

Postby Armageddon » Thu 24 Jul 2025, 19:48:23

US Debts, deficits, gold/silver ratio and mine supply = $100 silver.
User avatar
Armageddon
Light Sweet Crude
Light Sweet Crude
 
Posts: 7450
Joined: Wed 13 Apr 2005, 03:00:00
Location: St.Louis, Mo

Re: THE Silver & Gold Thread (merged)

Postby AdamB » Thu 24 Jul 2025, 19:58:14

$this->bbcode_second_pass_quote('Armageddon', 'U')S Debts, deficits, gold/silver ratio and mine supply = $100 silver.

Always liked your whining about the silver mine folks.

How you been Armie, still alive and living the good life because the peak oil you hallucinated as an issue sure turned into a bust? You sure where one of the suckers back in the day....still figuring it matters, 7 years now since it happened globally?
Plant Thu 27 Jul 2023 "Personally I think the IEA is exactly right when they predict peak oil in the 2020s, especially because it matches my own predictions."

Plant Wed 11 Apr 2007 "I think Deffeyes might have nailed it, and we are just past the overall peak in oil production. (Thanksgiving 2005)"
User avatar
AdamB
Volunteer
Volunteer
 
Posts: 11018
Joined: Mon 28 Dec 2015, 17:10:26
Top

Re: THE Silver & Gold Thread (merged)

Postby Armageddon » Thu 24 Jul 2025, 22:21:01

$this->bbcode_second_pass_quote('AdamB', '')$this->bbcode_second_pass_quote('Armageddon', 'U')S Debts, deficits, gold/silver ratio and mine supply = $100 silver.

Always liked your whining about the silver mine folks.

How you been Armie, still alive and living the good life because the peak oil you hallucinated as an issue sure turned into a bust? You sure where one of the suckers back in the day....still figuring it matters, 7 years now since it happened globally?


All good here. Silver demand has outstripped supply for 4 years now. The LBMA and Comex supplies are dwindling. Prices will keep going up as the govt keeps printing trillions. Remember when i said we’ll see multi trillion deficits indefinitely? Well, here we are. Also, looks like we are either at peak oil, or slightly past. Who would have thought US shale would have saved the day? Not me. But it looks like that game is nearing its end.
User avatar
Armageddon
Light Sweet Crude
Light Sweet Crude
 
Posts: 7450
Joined: Wed 13 Apr 2005, 03:00:00
Location: St.Louis, Mo
Top

Re: THE Silver & Gold Thread (merged)

Postby AdamB » Thu 24 Jul 2025, 22:44:53

$this->bbcode_second_pass_quote('Armageddon', ' ')Remember when i said we’ll see multi trillion deficits indefinitely?

I seem to recall you implying that, yes. I also recall you saying that evolution can't be true because blue whales are too big.
$this->bbcode_second_pass_quote('Armageddon', '
')Well, here we are.

We aren't at "indefinately" yet. Just..."for awhile now"....the two aren't the same thing.

$this->bbcode_second_pass_quote('Armegeddon', '
')Also, looks like we are either at peak oil, or slightly past.

7 years past. It was right there in EIA data last I checked. The EIA is calling USA peak oil as well, maybe this year.

Paid $2.40/gal the other day...seems like prices really don't care any more about peak oil than anyone else does nowadays. A real yawner.

$this->bbcode_second_pass_quote('Armageddon', '
')Who would have thought US shale would have saved the day? Not me. But it looks like that game is nearing its end.


Saved what day? You were prepping like decades ago because the world was ending. We're still here, peak oil was years ago...and we're still here. Last you wrote about it, you were a VERY well kept man. You haven't even had to touch your silver to make it through all the death and deprevation have you? I didn't think so.
Plant Thu 27 Jul 2023 "Personally I think the IEA is exactly right when they predict peak oil in the 2020s, especially because it matches my own predictions."

Plant Wed 11 Apr 2007 "I think Deffeyes might have nailed it, and we are just past the overall peak in oil production. (Thanksgiving 2005)"
User avatar
AdamB
Volunteer
Volunteer
 
Posts: 11018
Joined: Mon 28 Dec 2015, 17:10:26
Top

Re: THE Silver & Gold Thread (merged)

Postby Armageddon » Thu 24 Jul 2025, 23:32:35

We’ll see what happens soon. All Fiat systems collapse. This one will be no different. Is it because of peak oil? I have no idea.
User avatar
Armageddon
Light Sweet Crude
Light Sweet Crude
 
Posts: 7450
Joined: Wed 13 Apr 2005, 03:00:00
Location: St.Louis, Mo

Re: THE Silver & Gold Thread (merged)

Postby Armageddon » Thu 24 Jul 2025, 23:38:40

I’d rather be 10 years too early than a day too late. Something is definitely coming. US is paying over 1T on their 37T debt and growing. Have another 10T of UST rolling over this year into the higher yields pushing the debt payment to 1.5T. The deficit will be approaching 3T by 2026, and this is supposed to be in a good economy.
User avatar
Armageddon
Light Sweet Crude
Light Sweet Crude
 
Posts: 7450
Joined: Wed 13 Apr 2005, 03:00:00
Location: St.Louis, Mo

Re: THE Silver & Gold Thread (merged)

Postby theluckycountry » Fri 25 Jul 2025, 02:59:09

$this->bbcode_second_pass_quote('Armageddon', 'H')ave another 10T of UST rolling over this year into the higher yields pushing the debt payment to 1.5T.

Which is the real reason trump et el want powell to cut rates, it has nothing to do with the economy.
We're 17 years past the peak now and the 3rd World is going hungry and dark. We'll be next, we're well on the way in fact.
theluckycountry
Light Sweet Crude
Light Sweet Crude
 
Posts: 5254
Joined: Tue 20 Jul 2021, 18:08:48
Location: Australia
Top

Re: THE Silver & Gold Thread (merged)

Postby AdamB » Fri 25 Jul 2025, 12:05:17

$this->bbcode_second_pass_quote('Armageddon', 'W')e’ll see what happens soon. All Fiat systems collapse.

But of course Army. And you've been saying it for as long as you've been on this site. Except of course, every time you bought into someone else claiming it...it still....didn't....happen.

But good to hear that life has treated you well, and the odds of your personal doom getting you rather than societal doom are probably like 100:1 nowadays.

So enjoy!
Plant Thu 27 Jul 2023 "Personally I think the IEA is exactly right when they predict peak oil in the 2020s, especially because it matches my own predictions."

Plant Wed 11 Apr 2007 "I think Deffeyes might have nailed it, and we are just past the overall peak in oil production. (Thanksgiving 2005)"
User avatar
AdamB
Volunteer
Volunteer
 
Posts: 11018
Joined: Mon 28 Dec 2015, 17:10:26
Top

Re: THE Silver & Gold Thread (merged)

Postby AdamB » Fri 25 Jul 2025, 12:16:26

$this->bbcode_second_pass_quote('Armageddon', 'I')’d rather be 10 years too early than a day too late.

Well, so far you are running 20 years too late. And haven't been right about any collapse, let alone peak oil causing it...global peak being 7 years in the past. Hell, I believe we had another peak oil in the US in 2019....and then....we did it again! I'll take bets it'll happen again...2024 was the peak maybe? Seems like a reaosnable bet.

$this->bbcode_second_pass_quote('Armageddon', '
') Something is definitely coming.

I absolutely agree. It is a physical guarentee. Not the things you've been claiming for 20 years now, but the Sun is getting lighter by 4 million tons every second, and the results of this are a scientific fact. And the other is that none of the peak oils claimed, or occured, across the 35 years of the modern peak oil era have had ANYTHING to do with anything you've claimed is coming. Just a handy doom-trigger along the way of proclaiming the end.

Sort of like...a cult! Believe in something and then act as though a belief is true. Scare people into believing like you. When everyone figures out that they were sold a pig in a poke....the expected happens. Look at this website. No one left. Why? Because folks in the old days who said this was all a crock were right. Not the geoscience ignoramouses that don't know a sedimentary rock from an igneous one. Okay, that is a geologic reference, bad form in peak oil, how about "Ignoramouses that don't know history of peak oil". That one is more benign, and implies people just need to know some oil history in order to have understood why the idea was a crock at the time thie website fired up.

As far as "definitely" coming, I agree. Like your personal doom, and mine. And it'll likely happen before your silver matters at all to you. Same as my personal doom will come before my gold matters to me. The kids will probably think it is GREAT though.
Plant Thu 27 Jul 2023 "Personally I think the IEA is exactly right when they predict peak oil in the 2020s, especially because it matches my own predictions."

Plant Wed 11 Apr 2007 "I think Deffeyes might have nailed it, and we are just past the overall peak in oil production. (Thanksgiving 2005)"
User avatar
AdamB
Volunteer
Volunteer
 
Posts: 11018
Joined: Mon 28 Dec 2015, 17:10:26
Top

Re: THE Silver & Gold Thread (merged)

Postby theluckycountry » Fri 25 Jul 2025, 12:34:38

The US is so fucked :lol:
And no! We don't want you down here. Go back to England.
We're 17 years past the peak now and the 3rd World is going hungry and dark. We'll be next, we're well on the way in fact.
theluckycountry
Light Sweet Crude
Light Sweet Crude
 
Posts: 5254
Joined: Tue 20 Jul 2021, 18:08:48
Location: Australia

Re: THE Silver & Gold Thread (merged)

Postby Armageddon » Fri 25 Jul 2025, 12:35:54

I guess debts and deficits don’t matter either, huh? We aren’t far away from a 50T debt and it consuming 50% of all govt taxes. Then what? The exponential debt crises is here. Why do you think BRICS is running from the US dollar? Russia has dumped all their UST and China is currently doing the same.
User avatar
Armageddon
Light Sweet Crude
Light Sweet Crude
 
Posts: 7450
Joined: Wed 13 Apr 2005, 03:00:00
Location: St.Louis, Mo

Re: THE Silver & Gold Thread (merged)

Postby theluckycountry » Fri 25 Jul 2025, 12:41:11

$this->bbcode_second_pass_quote('Armageddon', 'R')ussia has dumped all their UST and China is currently doing the same.


It's the end of the Empire as we know it, and I feel fine.

https://www.youtube.com/watch?v=Z0GFRcFm-aY
We're 17 years past the peak now and the 3rd World is going hungry and dark. We'll be next, we're well on the way in fact.
theluckycountry
Light Sweet Crude
Light Sweet Crude
 
Posts: 5254
Joined: Tue 20 Jul 2021, 18:08:48
Location: Australia
Top

Re: THE Silver & Gold Thread (merged)

Postby Armageddon » Fri 25 Jul 2025, 12:59:29

Governments and central banks are loading up on gold like never before in history. They know what’s coming. Is the global debt / financial collapse due to peak oil? Or is it because all fiat systems have a shelf like and collapse due to debt? I wish I knew. I’m just glad I have loads of gold and silver. Will I ever need it? Hell if I know, but I’m happy with it nearly 3x since I bough it.
User avatar
Armageddon
Light Sweet Crude
Light Sweet Crude
 
Posts: 7450
Joined: Wed 13 Apr 2005, 03:00:00
Location: St.Louis, Mo

Re: THE Silver & Gold Thread (merged)

Postby Armageddon » Fri 25 Jul 2025, 13:08:04

By the end of 2025, the US will be paying 5B per day just on the interest payment on the debt and nearly 9T of UST roll over into the hughher yields. Much more will be rolling over into the next couple years. This is why they can’t cut rates. Who’s going to buy them without a decent yield? Nobody, except the FED. Monetizing your debt is end game stuff. Imagine when the soon to be 50T debt will be at 5%? That’s coming in the next 4 years, or sooner.
User avatar
Armageddon
Light Sweet Crude
Light Sweet Crude
 
Posts: 7450
Joined: Wed 13 Apr 2005, 03:00:00
Location: St.Louis, Mo

PreviousNext

Return to Economics & Finance

Who is online

Users browsing this forum: No registered users and 0 guests

cron