2 minutes ago, nauseus said:

 

Ah! The Three Amigos! Wonder if you'll still be laughing next Christmas?

Answering your own posts, are you OK?

20 minutes ago, Harrisfan said:

Why would people buy gold? It's overpriced and pays no return. The time to buy gold was 20 years ago.

Rip Van Winkling much?

https://tradingeconomics.com/commodity/gold

 

 

On September 10, 2001, Donald Rumsfeld made the shocking announcement that the Pentagon "couldn't track" $2.3 trillion of its transactions.

 

 

2 minutes ago, placeholder said:

Which you believe his proposed tax cuts will make better?

 

No. It will take much more than tax cuts.

Trump Market Crash, soon the Trump Depression. The major cause of the Great Depression in the 1930's was tarrifs.

Just now, nauseus said:

 

No. It will take much more than tax cuts.

You believe tax cuts will actually increase revenues? Didn't work for Reagan. Didn't work for Bush. Didn't work for Trump 1st term. What's different this time?

2 minutes ago, Harrisfan said:

Gold has had a 25 year bull run. Why do you think that's going to continue?

Because governments keep printing more money to service the interest rate on their debt.

 

All the gold ever mined would fill three Olympic swimming pools. Miners used to throw out tailings less than 10 g/tonne. now they treat down to 1 g/tonne. Supply and demand.

 

Were you asleep in economics class?

4 minutes ago, placeholder said:

You believe tax cuts will actually increase revenues? Didn't work for Reagan. Didn't work for Bush. Didn't work for Trump 1st term. What's different this time?

 

What isn't different this time is that you keep changing the subject. 

 

I was talking about enormous debt. Tax cuts or raises, rate cuts or raises or most anything else won't make a significant difference to that.

 

3 minutes ago, placeholder said:

You believe tax cuts will actually increase revenues? Didn't work for Reagan. Didn't work for Bush. Didn't work for Trump 1st term. What's different this time?

The child-like belief of MAGA's that Trump can defy gravity.

Just now, Lacessit said:

Because governments keep printing more money to service the interest rate on their debt.

 

All the gold ever mined would fill three Olympic swimming pools. Miners used to throw out tailings less than 10 g/tonne. now they treat down to 1 g/tonne. Supply and demand.

 

Were you asleep in economics class?

Gold had a 12 year bear market last century. They were printing money then too. Gold/silver very high. It's a sell imo.  

 

 

Just now, Lacessit said:

The child-like belief of MAGA's that Trump can defy gravity.

Your beliefs are not exactly based on economics. You talk up interest rates in one post and gold in another. Rate rises push up the dollar. That makes gold more expensive to foreigners which means less demand and a fall in price.

11 minutes ago, nauseus said:

 

What isn't different this time is that you keep changing the subject. 

 

I was talking about enormous debt. Tax cuts or raises, rate cuts or raises or most anything else won't make a significant difference to that.

 

Why? Does that debt have supernatural qualities?

Just now, Harrisfan said:

I don't report people unlike others on here. 

In your case, it would be a stupid thing to do, Dolf.............

9 minutes ago, placeholder said:

Why? Does that debt have supernatural qualities?

 

Oh yes.

3 minutes ago, nauseus said:

 

Oh yes.

Not surprised you believe that.

5 minutes ago, nauseus said:

 

Oh yes.

24 years of excess spending. All the lefties do is blame Trump. This problem will take 10 years or more to fix.

Could be.  But in my humble opinion a 50% market correction would be a good thing.  The S&P has just about increased in value by 10X.  How the hell does that happen without market manipulation.  There has never been a bubble like that in my lifetime.  Market always correct, but the market hasn't been allowed to correct for 17 years.  When it does, it's going to look ugly, well, at least for those not in cash. 

36 minutes ago, Harrisfan said:

Gold had a 12 year bear market last century. They were printing money then too. Gold/silver very high. It's a sell imo.  

 

 

The gold bear market last century was due to three factors - decreasing inflation, a strong US dollar, and relatively stable economic conditions. None of which apply now.

 

I did buy gold in that period, as I thought it was undervalued. Sat on it for 5 years, sold at a profit that was equivalent to 10% per year.

A number of off topic posts has been removed. Discuss the topic and not other posters.

 

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Just now, connda said:

Could be.  But in my humble opinion a 50% market correction would be a good thing.  The S&P has just about increased in value by 10X.  How the hell does that happen without market manipulation.  There has never been a bubble like that in my lifetime.  Market always correct, but the market hasn't been allowed to correct for 17 years.  When it does, it's going to look ugly, well, at least for those not in cash. 

It corrected for covid in 2020 but it is high. 

1 minute ago, connda said:

Could be.  But in my humble opinion a 50% market correction would be a good thing.  The S&P has just about increased in value by 10X.  How the hell does that happen without market manipulation.  There has never been a bubble like that in my lifetime.  Market always correct, but the market hasn't been allowed to correct for 17 years.  When it does, it's going to look ugly, well, at least for those not in cash. 

There will be value in shares that have never missed a dividend.

1 minute ago, Lacessit said:

The gold bear market last century was due to three factors - decreasing inflation, a strong US dollar, and relatively stable economic conditions. None of which apply now.

 

I did buy gold in that period, as I thought it was undervalued. Sat on it for 5 years, sold at a profit that was equivalent to 10% per year.

I'm not forecasting a 12 year fall. More like 1 or 2 years. It is high based on gold/silver ratio and long term averages. 

I value gold at $2400 based on long term average movements.

51 minutes ago, Harrisfan said:

Your beliefs are not exactly based on economics. You talk up interest rates in one post and gold in another. Rate rises push up the dollar. That makes gold more expensive to foreigners which means less demand and a fall in price.

I thought you were anti gold or have you forgotten?

6 minutes ago, rough diamond said:

I thought you were anti gold or have you forgotten?

What's your point I missed it.

1 hour ago, placeholder said:

You believe tax cuts will actually increase revenues? Didn't work for Reagan. Didn't work for Bush. Didn't work for Trump 1st term. What's different this time?

US has a spending problem. They are cutting spending. Endless wars and waste.

16 minutes ago, Harrisfan said:

I value gold at $2400 based on long term average movements.

US gold prices are irrelevant to me.

 

I buy gold in Australia and Thailand.

5 minutes ago, Harrisfan said:

What's your point I missed it.

Add it to the hundreds of others.

Just now, Lacessit said:

US gold prices are irrelevant to me.

 

I buy gold in Australia and Thailand.

Which is based on market movements. 

1 hour ago, Harrisfan said:

110 baht I saw today.

and that is for 30 eggs