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THE Silver & Gold Thread (merged) Pt. 1

Discussions about the economic and financial ramifications of PEAK OIL
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Re: THE Silver & Gold Thread (merged)

Postby theluckycountry » Sat 21 Jun 2025, 04:10:38

you keep away from ChatGPT too adam, you're bad enough as it is


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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.
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Re: THE Silver & Gold Thread (merged)

Postby theluckycountry » Sat 21 Jun 2025, 05:04:45

A fascinating look at how Gold is extracted from old cell phones. Don't look for robots here, just good old fashioned Indian laborers using basic factory methods. By the end of the vid to myself, why bother? But for them it's a few bowls of rice and in the third world that's all that matters.

https://www.youtube.com/watch?v=_gOKQ-LoAT0
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.
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Re: THE Silver & Gold Thread (merged)

Postby AdamB » Sat 21 Jun 2025, 11:37:50

$this->bbcode_second_pass_quote('theluckycountry', 'A') fascinating look at how meatheads, fascinated with gold, can't figure out why they, as meatheads, can't remember where they buried it. More education, fewer cretins in the world!
https://www.youtube.com/watch?v=_gOKQ-LoAT0


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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)"
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Re: THE Silver & Gold Thread (merged)

Postby careinke » Sat 21 Jun 2025, 19:01:37

June 20: 1 BTC = 30.648 ounces of gold
June 21 1 BTC = 30.088 Ounces of gold

Peace Maybe???
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Re: THE Silver & Gold Thread (merged)

Postby theluckycountry » Sat 21 Jun 2025, 19:25:22

$this->bbcode_second_pass_quote('careinke', 'J')une 20: 1 BTC = 30.648 ounces of gold
June 21 1 BTC = 30.088 Ounces of gold

Peace Maybe???


Ever since you began posting this comparitor BC has been dropping. Cause and effect? Or are you predicting the falls?
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.
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Re: THE Silver & Gold Thread (merged)

Postby careinke » Sun 22 Jun 2025, 00:00:05

$this->bbcode_second_pass_quote('theluckycountry', '')$this->bbcode_second_pass_quote('careinke', 'J')une 20: 1 BTC = 30.648 ounces of gold
June 21 1 BTC = 30.088 Ounces of gold

Peace Maybe???


Ever since you began posting this comparitor BC has been dropping. Cause and effect? Or are you predicting the falls?


Nope, wait till the end of the year and we will talk about it.

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Re: THE Silver & Gold Thread (merged)

Postby theluckycountry » Mon 23 Jun 2025, 08:22:01

$this->bbcode_second_pass_quote('careinke', 'N')ope, wait till the end of the year and we will talk about it.

Like kub and I talk about the state of the EV now, ok, sure, whatever you say. 6 months to go...
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.
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Re: THE Silver & Gold Thread (merged)

Postby careinke » Mon 23 Jun 2025, 17:21:35

June 23rd,

1 BTC = 30.772 Ounces of gold. Gold and Fiat seems to be pretty volatile Measured against BTC. :-D :-D :-D

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Re: THE Silver & Gold Thread (merged)

Postby theluckycountry » Mon 23 Jun 2025, 18:05:56

$this->bbcode_second_pass_quote('careinke', 'G')old and Fiat seems to be pretty volatile Measured against BTC.


The US dollar trades inverse to the oil price and Gold is priced in $US which effects it's short term volatility. Think of it as undulations on the crest of a wave.

Image

As you can see, the short term fluctuations are just noise on the signal. Oil has not gone up like the value of Gold, nor has the $US. It all comes down to your investment horizon. If you are investing in Gold on a week to week or month to money cycle then it appears volatile and you can easily get shut out and make a loss. The long term trend though is clear and has been since the year 2000. Not a 25 year bull market. Just 25 years of value adjustment as Fiat currencies continue to inflate and become worth less.

The BTC mindset is in line with the corporate mindset which is a reflected in the DOW and other equity markets. Ergo your 6 month time frame above. Just give BTC 2 quarters, wait and see.
Gold investors don't think like that at all. They just buy and hold for some distant time in the future when they choose to sell to fund whatever. Many leave it as part of the inheritance too because typically people who buy Gold are secure in their finances and don't need to sell it.
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.
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Re: THE Silver & Gold Thread (merged)

Postby careinke » Mon 23 Jun 2025, 20:59:33

23 June:

1 BTC = 31.309 Troy Ounces of Gold. :-D BTC had a good day today.

Unlucky, throw a BTC price overlay on your chart, I think you can do it!

Peace is looking closer right now
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Re: THE Silver & Gold Thread (merged)

Postby theluckycountry » Mon 23 Jun 2025, 21:37:19

$this->bbcode_second_pass_quote('careinke', 'l')ucky, throw a BTC price overlay on your chart, I think you can do it!


Of course, if I was bothered. But why? You're comparing a highly volatile (over a longer time frame) modern instrument with an instrument with 5000 years of recorded price history. Don't you realize that BC was born out of the Global financial crash, born during a manic money printing spree where all manner of insane investments came to the fore. Look at WeWork and Zoom and all the rest, insane techno-scams basically, investments with no future, no solid basis, at the whims of the moment and the fancies of public fashion.

BC is just that, a concept of "people's money" that would be secure and immune to the machinations of the banks and wall street. But it has shown to be the exact opposite hasn't it. You never adress these fundamental issues, you offer no reason why it should hodl value other than it's past 10 year histroy of bubbling up when the stock market has bubbled up. You revel because it's up right now, but we both know it will crash again and when it does the fashion may change and people may simply cash out and walk away. Then what? The day will come when you'll have to sell, unless you want to ride out the collapse and the years of gnawing your fingers hoping it will repeat it's former pattern. I would have been happy to escape months ago, even today! But you're a true believer and are waiting for the 200k leg that may never come.

Go back and look at the chart, it's had it's (roughly) 4 year peak to peak cycle already and if you draw a line from the Dec 2017 peak, through the Nov 2021 peak, up to the current peak in may 2025 you will see they align perfectly. Even the prior Nov 2013 $1000 peak was 4 years prior to the next. But the double top just passed tells me it's done, it's just treading water till the broader stock markets collapse, which they will, and probably worse than the 2008 event too. The 17 year business cycle, Armstrong penned it out and it goes way back, all based on credit expansion and contraction. Sell and buy Gold or Silver inke, before it's too late.
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.
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Re: THE Silver & Gold Thread (merged)

Postby careinke » Tue 24 Jun 2025, 19:09:56

24 June;

1 BTC = 31.921 ounces of Gold.

HFSP unlucky

Peace

P.S. BTC is up 66% over the last year. Numbers never lie, just chicken..I mean parrots. :)
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Re: THE Silver & Gold Thread (merged)

Postby theluckycountry » Tue 24 Jun 2025, 20:03:23

That's right inke, just keep your head firmly planted in that phone screen checking the price every hour. Don't forget to do your stretches though, or you'll end up with a widow's hump.
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.
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Re: THE Silver & Gold Thread (merged)

Postby careinke » Wed 25 Jun 2025, 01:24:37

25 June:

1 BTC = 31.943 Ounces of gold. Interesting if you do the calculations using The FIAT $AUD you end up with pretty close to the same number of Ounces of gold in this case 32.004 ounces. Seems all FIAT Government money is losing value together. That's why it is Fiat money. :-D

HFSP

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Re: THE Silver & Gold Thread (merged)

Postby theluckycountry » Wed 25 Jun 2025, 18:21:23

We're getting off topic here...

Gold: Germany (and Now Italy) Want $245 Billion Back
$this->bbcode_second_pass_quote('', 'P')olitical shifts in Washington, public calls for increased transparency, and broader concerns about U.S. reserve integrity are prompting parts of Berlin’s political establishment to reassess the wisdom of maintaining large-scale gold holdings abroad. Turns out this is now a growing risk to global bullion markets spreading both internally in Germany and externally into Italy... Germany and Italy hold the second- and third-largest official gold reserves in the world (3,352 and 2,452 tonnes respectively), and each stores over a third of that in the vaults of the New York Federal Reserve. The total combined market value exceeds $245 billion, according to FT estimates... “Gold is an asset of last resort for central banks. It needs to be stored without any third-party risk.” — Peter Boehringer, AfD MP

Repatriation has historical precedent. Germany moved 674 tonnes from New York and Paris between 2013 and 2017 following a grassroots campaign. France brought most of its overseas gold back in the 1960s.
https://www.zerohedge.com/news/2025-06- ... llion-back

Bullish for Gold, bullish indeed.
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.
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Re: THE Silver & Gold Thread (merged)

Postby AdamB » Wed 25 Jun 2025, 21:55:02

$this->bbcode_second_pass_quote('theluckycountry', 'W')e're getting off topic here...
Gold: Germany (and Now Italy) Want $245 Billion Back
https://www.zerohedge.com/news/2025-06- ... llion-back
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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)"
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Re: THE Silver & Gold Thread (merged)

Postby theluckycountry » Wed 25 Jun 2025, 23:55:41

Don't try and get your head around it adam, just go invest your money in used cars, that's what the poor people do
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.
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Re: THE Silver & Gold Thread (merged)

Postby AdamB » Thu 26 Jun 2025, 09:12:59

$this->bbcode_second_pass_quote('theluckycountry', 'D')on't try and get your head around it adam, just go invest your money in used cars, that's what the poor people do


Well now, I take personal offense at this statement! :o

Once upon a time I bought new cages, on a regular basis. I fondly recall the days of 0% interest rates, $20k new family sedans and 2X4 pickups and a veritable plethora of <$30k cages.

And it is not an investment, buying a new or used car, unless maybe for some car collector types. So somewhere about the time the kids began driving, and later going off to college, I bought cages worthy of their inexperience and meager skills. Bumper cars as it were, paid for with cash, minimal coverage for the machine, specifically designed for the children to use as designed.

The plan worked pretty well, the girl avoided any fender benders throughout her high school and college career, and the boy screwed up while in college and hit someone while making a turn, the boy being quite the lucky chap the other person, who was not at fault, fled the scene. Some work with a crowbar to get the drivers side door working again, new belts and a pulley to replace the ones where the pulley touched the inside firewall when the front clip deformed and touched the pulley, shattering it for the power steering, and back in action that old cage went.

It still sits in my driveway, the boy took it to his new job the other day.

Why would anyone but a fool think a tool such as a cage is an investment, unless one is a collector of some sort, and buying matching numbers old Corvettes or Mustangs or something? The same kind of fool who waited until gold was expensive before buying some for themselves?

My experience with used cars, particularly older ones, convinced me I was ready (with the help of a knowlegable local mechanic), to make the BIG leap into OLDER cars! So I bought myself a salvage titled, driven by a single owner retiree until she was carjacked in Covid, 120k miles on the clock, not a speck of rust anywhere on the car frame or body, repaired the various pieces that weren't working (A/C, driver side back seat window, cruise control, coolant and thermostat changes, timing belt and fuel filter and rear differential oil) and started my adventure with a cage built in the last century.

It sits in the driveway, having just been on a 1000 mile road trip over 2 days this past weekend. It has clocked more miles in the past 3 years than all my other cars combined. Has about 165k on the clock, roadtrips around the country, equipped with a Class III hitch ready to haul a trailer and motorcycle into the mountains, etc etc.

What kind of down under uneducated clown would think anyone would buy a highly depreciating, brand new thing like a CAGE as an investment?
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)"
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Re: THE Silver & Gold Thread (merged)

Postby theluckycountry » Thu 26 Jun 2025, 09:30:46

cheap used Nissan Leafs. Not even any collector value. You're such a fool :oops:
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.
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Re: THE Silver & Gold Thread (merged)

Postby careinke » Thu 26 Jun 2025, 13:43:41

26 June:

1 BTC = 32.221 Ounces of gold. :)

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