[theluckycountry]

Gold up another $70 today, so that's now 182 +6 = 188 Big macs
When it hits 200 I'll go buy one, for the neighbors Dog.

[AdamB]

$this->bbcode_second_pass_quote('theluckycountry', '[')b]Gold up another $70 today, so that's now 182 +6 = 188 Big macs

[Armageddon]

I’ll stand by my prediction that $14 silver will be the best investment in history. It’s going to multiple hundreds.

With the exception of cryptos, which I think will collapse long term.

[AdamB]

$this->bbcode_second_pass_quote('Armageddon', 'I')’ll stand by my prediction that $14 silver will be the best investment in history. It’s going to multiple hundreds.

With the exception of cryptos, which I think will collapse long term.

[Armageddon]

I’ll give you another history lesson, just like I showed you that evolution is a hoax because the fossil record shows no species has ever changed kinds.

Gold always moves first, then silver moves more on a percentage basis. Silver is the most undervalued asset on the planet. Sure, it takes up more space as indicated by the 90:1 GSR, but hoards of 100 oz bars are easy to stash.

[AdamB]

$this->bbcode_second_pass_quote('Armageddon', 'I')’ll give you another history lesson, just like I showed you that evolution is a hoax because the fossil record shows no species has ever changed kinds.

[Armageddon]

Deutche Bank just lifted its 2026 targets: Gold avg $4,000 (range ~$3,550–4,450), Silver $45.

Drivers: softer USD, lower real yields, strong CB buying, weak recycling. Risks: hot equities, Q4 seasonality. Positioning still light; silver in deficit.


I predict they will raise their price target several times next year

[theluckycountry]

Armageddon is quite right, Silver will be the asset of the century. I personally have a literal ShitTon of it. I began buying it for the obvious economics, it being totally undervalued by a modern world that couldn't run without it. And frankly I was a little scared to put all my money into Gold. But after a few years I just fell in love with Silver, the look of it, the smell! Yes it has it's own unique smell. And of course the price kept going up and up. It's nearly $67/oz here now, it was around $6 when I first began buying 20 years ago and more.

Who Buys Silver and Gold? Doomsters buy it, they are the only ones. Cornucopians buy shares because they believe in the Bright Green Future. Doomsters believe in Armageddon (in some shape of form) and they distrust paper assets, even though they may employ them from time to time. That's why I know when someone is Lying about owning Gold, Cornucopians don't buy Gold. I'm one of the biggest Doomsters here!
And doing very well because of it

I know you shouldn't fall in love with an asset class, that's dangerous territory, but with Silver, not really a problem. Along with copper and perhaps aluminium it's probably the most underrated metal on the Planet. Why copper and ally? Because of their utility compared the vast amounts of energy that is needed to get them out of the ground and process them, refine them. But in reality they can stay cheap because there so much above ground now, both in stockpiles and in produced product.

Most houses are full of copper and aluminium, but Silver? It's a scarce as hen's Teeth and getting scarcer because most of it's production gets consumed and is unrecoverable.

Naturally the Lucky Country is a major producer.
$this->bbcode_second_pass_quote('', 'M')ining is a big part of Australia’s history, and it continues to shape the country’s economy and position in the world today. The nation is one of the world’s top producers and exporters of resources, with coal, uranium, copper and gold being some of its best-known commodities.

Australia is also a key producer of silver — it was the world’s fifth largest producer of the metal in 2022, putting out 1,400 tonnes. Interestingly, most of Australia's silver is produced from silver-bearing galena, but some is also produced as a by-product of copper and gold mining.

[theluckycountry]

For the unenlightened ones, Silver production is falling because Silver is mostly produced as a byproduct of other mining, a very small byproduct. Copper, zinc, lead, tin. When those mines slow production, Silver production is slowed. Mining is very Energy intensive (oil intensive).

Why is most of the Silver ever produced gone forever? Because it's used in tiny amounts, but in vast quantities. Like little coatings on bearings, on light switches, in the wiring of solar panels, in the electronics of Missiles and space vehicles, which are either blown up or burn up during reentry.

It's simply economicall unfeasable to extract it from solar panels too, that's why they dont!
$this->bbcode_second_pass_quote('', 'H')ow is silver used in solar cells? Silver powder is turned into a paste which is then loaded onto a silicon wafer. When light strikes the silicon, electrons are set free and the silver – the world’s best conductor – carries the electricity

[AdamB]

$this->bbcode_second_pass_quote('Armageddon', '
')I predict they will raise their price target several times next year

[AdamB]

$this->bbcode_second_pass_quote('theluckycountry', 'A')rmageddon is quite right, Silver will be the asset of the century.

[theluckycountry]

I know I know, those two posts were a bit challenging for most readers here. Let's get back to basics.

Gold Up another 2 Big Macs so far today! That's 190 free burgers for this year so far.




Bonus Story.

"I've Never Talked To A Democrat Who Ever Wanted To Listen..." https://www.kunstler.com/p/personal-note
By James Howard Cuntseller no less. Of course he was a Democrat, for most of his life, so enjoy him ignoring himself

[AdamB]

$this->bbcode_second_pass_quote('theluckycountry', 'I') know I know, those two posts were a bit challenging for most readers here.

[theluckycountry]

[theluckycountry]

Make McDonalds Great Again



Most McDonald's Big Macs Eaten in a Lifetime




The American Dream

[theluckycountry]

The Big Mac Index and the Golden Gauge:

And you thought I was just horsing around didn't you.


https://agmetals.com/big-mac-index/

[theluckycountry]

Gold bars vs. Big Macs: A tale of purchasing power and value

1968, the price of gold was $35 oz
1968 Big macs cost 45 cents
Big macs today are 10 to 12 times more expensive
Gold today is 108 times more expensive.
Even if you take Gold from the 2000 low of $270, it's still about 14 times more expensive today @ $US 3800

$this->bbcode_second_pass_quote('', 'Y')ou might be familiar with the Big Mac Index – a tool to make exchange rates more ‘digestible’. Developed by The Economist, it examines the price of a Big Mac in local currencies, working on the assumption that exchange rates should eventually move until the price of a burger is equal in any two countries. By the latest count, a Big Mac costs £4.49 in the UK, and $5.69 in the US, generating a ‘burger exchange rate’ of 0.79. At the time of going to press, this was almost bang on the official USD/GBP exchange rate.

But exchange rates aren’t the only thing that burgers are useful for. They can also give us a neat insight into the purchasing power of gold. Since 2002, German website gold.de has calculated a ‘Gold Mac Index’, based on how many burgers you would hypothetically receive in exchange for a gramme of the precious metal.

[AdamB]

$this->bbcode_second_pass_quote('theluckycountry', '[')b]Gold bars vs. Big Macs: A tale of purchasing power and the way idiots measure value

[theluckycountry]

Another hectic day in the Gold market, up 6 Big Macs an ounce.
It's probably true, that Big Mac index I posted on above. They're cheaper in Britain's old colony of north America but so is Gold in that currency. It will good when the whole world is on the metric system

[AdamB]

$this->bbcode_second_pass_quote('Armageddon', '&')quot;Half of workers are at breaking point," per FORTUNE