PeakOil is You
THE Silver & Gold Thread (merged)
Re: THE Silver & Gold Thread (merged)
by AdamB » Sun 07 Sep 2025, 23:04:30
$this->bbcode_second_pass_quote('Armageddon', 'W')e are about to bring freedom and democracy to Venezuela. Nothing to do with oil lmao.
You aren't seriously suggesting that the Convicted Felon In Chief has nefarious reasons besides chest beating to blow up small boats? Were there beauty queens from foreign countries on board and his wife didn't want to get replaced like all his past ones?
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)"
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)"
-
AdamB - Volunteer
- Posts: 11018
- Joined: Mon 28 Dec 2015, 17:10:26
Re: THE Silver & Gold Thread (merged)
by theluckycountry » Mon 08 Sep 2025, 11:26:53
Up here in Australian where I spend my money the $US Gold price is irrelevant, even though the two move in lockstep typically. It's embarrassing, but we just blew through $5500, well over 100% more than I paid for my last big Gold purchase only one and a half years ago. The last big silver acquisition was further back, two and a half odd years and it's well over 100% up now too. I don't keep detailed records of when and how much, that's a fools game, the game paper investors have to play. They are always balancing costs and returns, and when their paper markets collapse, they run for the spread sheets. It's a sad way to live your life, a very stressful way, but that's how the 99% have done it ever since time dot.
Freedom! Many talk about it but so few actually find it. When you're obsessed with political parties, you're not free. When your future depends on billionaires and their bubbles, you're not free. Nor are you free when you have personal debt. Be it a house, a car, or simply a credit card balance you can't clear each month. The "System", promoted by the likes of Alan Greenspan, has convinced most people that personal debt is the smart way to go. It's smart they say, buy now and a cheaper price and pay back your low interest loans over time and you'll be ahead! All this really does is encourage people to buy stuff they can't afford and put a millstone around their necks.
That's half the trouble in the advanced economies today, these silly fools never counted on interest rates rising. And so what if they locked in a cheap rate, if other things like utilities and taxes and the base cost of everything else is going up it skews that equation they made a couple of years back when they calculated how much of a monthly payment they could comfortably afford. And it's only going to get worse.
Like I said, it's a little embarrassing, I have never wanted Gold to go up at such rates, we Goldbugs prefer a more steady climb because we know that means the economy, while getting incrementally worse year by year, is still going to hold together. We like stability, but we buy Gold because when things go tits up we are covered. I doubt many serious buyers do it for a windfall. Well now we're looking at a windfall, and that begs the question, do we start to sell out at a certain point and upgrade to better homes, luxury cars? that's not in our mindset, we are conservative with money. But it will get to a certain level where it's obviously going to correct and no one wants to throw away real money when it's there for the taking.
These in a V8 pack aren't as expensive as many would think. Certainly puts any EV to shame.
Freedom! Many talk about it but so few actually find it. When you're obsessed with political parties, you're not free. When your future depends on billionaires and their bubbles, you're not free. Nor are you free when you have personal debt. Be it a house, a car, or simply a credit card balance you can't clear each month. The "System", promoted by the likes of Alan Greenspan, has convinced most people that personal debt is the smart way to go. It's smart they say, buy now and a cheaper price and pay back your low interest loans over time and you'll be ahead! All this really does is encourage people to buy stuff they can't afford and put a millstone around their necks.
That's half the trouble in the advanced economies today, these silly fools never counted on interest rates rising. And so what if they locked in a cheap rate, if other things like utilities and taxes and the base cost of everything else is going up it skews that equation they made a couple of years back when they calculated how much of a monthly payment they could comfortably afford. And it's only going to get worse.
Like I said, it's a little embarrassing, I have never wanted Gold to go up at such rates, we Goldbugs prefer a more steady climb because we know that means the economy, while getting incrementally worse year by year, is still going to hold together. We like stability, but we buy Gold because when things go tits up we are covered. I doubt many serious buyers do it for a windfall. Well now we're looking at a windfall, and that begs the question, do we start to sell out at a certain point and upgrade to better homes, luxury cars? that's not in our mindset, we are conservative with money. But it will get to a certain level where it's obviously going to correct and no one wants to throw away real money when it's there for the taking.
These in a V8 pack aren't as expensive as many would think. Certainly puts any EV to shame.
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
- Posts: 5254
- Joined: Tue 20 Jul 2021, 18:08:48
- Location: Australia
Re: THE Silver & Gold Thread (merged)
by AdamB » Mon 08 Sep 2025, 13:45:09
$this->bbcode_second_pass_quote('Armageddon', ' ') The bottom 80% are hurting badly and it will continue to deteriorate for them.
Do you actually even think about your hoe-bunkle poorly educated religious nutter neighbors while relaxing in your villa in Naples? I mean, if not for the sugar-momma....you would be right there with them, denying evolution, trumpeting the value of listening to a street cop named Ruppert about things neither he, nor you, are capable of understanding. Oh...sorry....you still do those things...ooops...my bad.....ultimately sugar-mommas can't give anyone more firing neurons can they?
Maybe an education? Take some sugar-momma money and go to college, get some education, then you will realize that repeating ridiculous nonsense that hoe-bunkles locals and churchs teach have taught you is why normal folk sort of giggle politely and sidle away quickly so you don't notice?
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)"
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)"
-
AdamB - Volunteer
- Posts: 11018
- Joined: Mon 28 Dec 2015, 17:10:26
Re: THE Silver & Gold Thread (merged)
by Armageddon » Mon 08 Sep 2025, 15:19:36
$this->bbcode_second_pass_quote('AdamB', '')$this->bbcode_second_pass_quote('Armageddon', ' ') The bottom 80% are hurting badly and it will continue to deteriorate for them.
Do you actually even think about your hoe-bunkle poorly educated religious nutter neighbors while relaxing in your villa in Naples? I mean, if not for the sugar-momma....you would be right there with them, denying evolution, trumpeting the value of listening to a street cop named Ruppert about things neither he, nor you, are capable of understanding. Oh...sorry....you still do those things...ooops...my bad.....ultimately sugar-mommas can't give anyone more firing neurons can they?
Maybe an education? Take some sugar-momma money and go to college, get some education, then you will realize that repeating ridiculous nonsense that hoe-bunkles locals and churchs teach have taught you is why normal folk sort of giggle politely and sidle away quickly so you don't notice?
Looney liberals are exhausting
-
Armageddon - Light Sweet Crude
- Posts: 7450
- Joined: Wed 13 Apr 2005, 03:00:00
- Location: St.Louis, Mo
[/quote
