[theluckycountry]

You made it down!
Good Boy Good boy



Now we're going up to the EV thread ok. Ev Ev. I'll see you there Boy.

[theluckycountry]

poland Now Has More Gold Reserves Than The UK
$this->bbcode_second_pass_quote('', 'A')dam Glapiński, (No relation to AdamB) president of the National Bank of Poland, announced at a press conference on Thursday that “on behalf of all Poles,” the bank now has 420 tons of gold, making it part of the “exclusive club of the largest holders of gold reserves in the world,”

[theluckycountry]

Gold punches through $4000 Australia, who would have though that 20 years ago? But who could have anticipated the inflation we have been living under.



We have see a 600% increase in the gold price over that period, so an ounce bought for $600 in 2004 is now worth $4000.

House prices have gone up 200%, Wages 200% at best. I know the arguments for rental houses, you don't have to pay upfront, but I saw enough people lose those in the 2008 collapse and subsequently when the mortgages reset to know they are not "As Safe as Houses". The media spin the stories of fabulous wealth in your retirement and then you have to live with reality. Every 10 years or so houses look like a good investment again but then the arse falls out of the market after the boom, the rates go up, or the government changes the tax codes.

But just keep buying ounces of gold and silver as you can and don't trust your money to the banks and you're rewarded by a generous increase in your money. That was what we said on the forums when Gold was $600 and Silver $4.50. They thought we were mad.

It's just tracking inflation, that's all it does.

[theluckycountry]

Silver and gold’s staggering ascent during German hyperinflation of the 1920’s
$this->bbcode_second_pass_quote('', '
')New charts vividly illustrate the staggering ascent of precious metals during the period of catastrophic hyperinflation which brought Weimar Germany to its knees in the early 1920’s.

Silver prices rose from 12 Deutsche Marks in January 1919, only months following the conclusion of the First World War, to the astronomical sum of 543,750,000,000 Deutsche marks by the end of 1923, while gold rose from 170 Deutsche Marks to 87,000,000,000,000 by the end of the same period.
Sign Up for the Precious Metals Digest

Silver Doctors believes that the visual illustrations and historic reminders of rampant inflation’s impact upon commodities prices is especially relevant at present, given the looming parallels between the travails of Weimar Germany in the twenties and the impact of repeated rounds of quantitative easing by the Federal Reserve and European Central Bank.

[theluckycountry]

Now pay attention, this is the future.
$this->bbcode_second_pass_quote('', '
')The 1923 hyperinflation forced the Weimar government to confront its own extinction. There was open talk that the government might be removed by a popular revolution or a military putsch. An attempted coup in Munich, launched by Adolf Hitler and the NSDAP in early November 1923, appeared a sign of what might come.

The crisis brought about the collapse of two cabinets, as ministers bickered about the best way to end the crisis. It was Hans Luther who produced the eventual solution. Luther, a local politician from Magdeburg who had previously rebuffed positions in the cabinet, was appointed finance minister in early October 1923.

By the end of October, Luther had ordered the formation of a new reserve bank (Rentenbank) and a new currency (the Rentenmark). The value of the Rentenmark was indexed to the value of gold – though it could not be redeemed in gold, since the government had no gold reserves. One Rentenmark was initially valued at one billion ‘old’ Reichsmarks, while foreign exchange was pegged at 4.2 Rentenmarks to one US dollar.

Luther’s currency reforms were accompanied by other drastic changes, such as increased taxes, cuts to government spending and salaries, and a reduction of the public service by almost 25 per cent. These measures might have produced outraged protests a year earlier but the German public, exhausted by months of rampant hyperinflation, were by now willing to accept them.

[Armageddon]

So glad I backed up the truck in 2018 @14 silver and $1200 gold. Whoever use to follow my posts, I told you to load up. I said 3T deficits are coming and there’s no way to stop them.

[careinke]

$this->bbcode_second_pass_quote('Armageddon', 'S')o glad I backed up the truck in 2018 @14 silver and $1200 gold. Whoever use to follow my posts, I told you to load up. I said 3T deficits are coming and there’s no way to stop them.

[Armageddon]

I’m not a crypto believer. I’m buying what govt and central banks are buying, Which is gold and silver. They must know something, which is becoming more obvious daily. All fiat systems throughout history have collapsed, and this one will be no different.

[theluckycountry]

$this->bbcode_second_pass_quote('Armageddon', 'S')o glad I backed up the truck in 2018 @14 silver and $1200 gold. Whoever use to follow my posts, I told you to load up. I said 3T deficits are coming and there’s no way to stop them.

[theluckycountry]

$this->bbcode_second_pass_quote('careinke', ' ') BTC on 19 October 2018 was $6,467 today it is over $68,000 over a 10X gain
I think you backed the truck up to the wrong docks.

[Armageddon]

$this->bbcode_second_pass_quote('theluckycountry', '')$this->bbcode_second_pass_quote('Armageddon', 'S')o glad I backed up the truck in 2018 @14 silver and $1200 gold. Whoever use to follow my posts, I told you to load up. I said 3T deficits are coming and there’s no way to stop them.

[theluckycountry]

Up a grand per ounce in a single year. Now that's something to be happy with. If I could squeeze another bike into the garage I might be tempted to sell some. That's the secret with investments, you don't hoard them forever, you enjoy their fruits along the way. Of course it's a lot more tempting to do that when you can sell them tax free, which is Impossible with all digital based assets which have a paper trail. Even $hitcoin has a paper trail, from bank to exchange back to your bank account. No avoiding it.

[AbelRalph]

$this->bbcode_second_pass_quote('noobtube', '')$this->bbcode_second_pass_quote('theluckycountry', 'A') old friend had a large stake in Australian miners he'd carried for 20 years, in early 2000 his 'advisor' urged him to sell, they were going nowhere. Well that just before 9/11 and a war was about to begin. Wars use metals and the value of those stocks skyrocketed just after he'd sold them.

Money managers are by and large worthless, if not dangerous to your life savings. His wife became a money manager around that time and lost her clients $200 million in the GFC. She was taking 7% off them and 10% off the crooks in Perth where she was investing the capital into mezzanine funds. She had a beautiful convertible Mercedes coup, leased of course. Her and her husband lost $500,000 themselves. Greed! Chasing the % return.

[theluckycountry]

Well it's been a couple of months so I should report on Gold. Not that much has happened, the steady increase has continued as the world engages in consumer price inflation and stock market manias.



No point in looking at the $US price as I don't live or buy and sell there and that price is rapidly becoming irrelevant. Oh it's the world marker still, but because the US is in it's economic death throes the currency itself is all over the place. If I was in the stock or crypto markets I'd be worried because they track the US stock market, in fact not only does the Aussie market follow the US one down, a lot of Aussie retirement money is invested in US bubble stocks. This was facilitated by the relaxation of monetary controls and the *laws* that say pension funds must achieve certain levels of performance for their investors.

All completely rigged of course, the entire system designed to funnel money up to the 0.1% and always has been. But the pension account holders don't know that, they assume that the invisible men running these huge schemes love them and want to see them retire wealthy. It aint gonna happen
Volatility is something traders have to deal with but it's not something the average saver wants in their "portfolio". Unfortunately they have been forced to accept it, and they do that by closing their eyes and their ears and pretending that when they retire all will be well. Average people simply can't cope with manic ups and downs when their life savings are on the roller-coaster.

That's why I went with Gold 20 years ago, though it's been a few years now since I added to it. Fair enough too, I'm retired, the income I have now covers all living expenses and allows for a nice toy every now and then but if was to start cashing in my Gold then my capital would be decreasing. That's the big downside stock investors point out and there is a measure of truth in it. But stock gains (dividends) are a prey to all manner of taxes and they don't offer much now anyway so there is little difference aside from the fact the stock market can collapse overnight. If you want growing capital in your retirement you still have to actively manage investments, like a business or real estate, and that's not the definition of retirement in my book. there has to come a time when you just count the daises without a care in the world.

So the Gold just sits there, if and until It's needed, peacefully tracking inflation.