The end is near.

[dryheat]

-Specifically, many investors anticipate the Fed will ramp up the rate of tapering its asset-purchasing program, which took place at a rate of $120 billion per month in combined Treasuries and agency mortgage-backed securities from the start of the pandemic through November. Last month, the Fed began dialing back these purchases by $15 billion, and announced another $15 billion reduction for December. -

The Fed is taking away the punch bowl. So,the End is near. The end of Pandemic monetary policy. The free money has been over for a year. Hopefully, the economy fairs better than Kentucky has this week. I won't believe it until I see a 1K dip in the Dow. And that won't mean it's the end...for a while. People who refuse to see the truth have to get punched a couple of times.

$15 billion here, $15 billion there..

[togor]

People used to brag how wonderful it is to have inflation in the stock and commodities markets. Especially gold. People love it when there's inflation in the gold price.

[PWC]

Ok, how does having gold and silver ensure protected assets? In Thiland and Cambodia people wear their assets in gold chains, or they did diring the 60s-70s dust up in VN. When they bought something, they would cut off however many links from their heavy gold chain, weigh it on the vendors scale til they reached agreement. Now, I think Mr. T is the only one I know that carries heavy gold chains around his neck.

If the world goes to hell in a hand basket, what do you do with your gold coins? Use a pair of dikes to cut pie shaped wedges, or do you whittle some off your bulion bars?

I'm not trying to be snarky, just understand how you use a $20 gold piece worth $1k for a trip to Safeway for groceries.

[dogtag]

Gold is for long term. Silver is for buying necessities.

[RED]

People used to brag how wonderful it is to have inflation in the stock and commodities markets. Especially gold. People love it when there's inflation in the gold price.

Then explain why gold/silver isn?t following the market. It was $2,000/Oz in July and $1,517 today.

[RED]

Ok, how does having gold and silver ensure protected assets? In Thiland and Cambodia people wear their assets in gold chains, or they did diring the 60s-70s dust up in VN. When they bought something, they would cut off however many links from their heavy gold chain, weigh it on the vendors scale til they reached agreement. Now, I think Mr. T is the only one I know that carries heavy gold chains around his neck.

If the world goes to hell in a hand basket, what do you do with your gold coins? Use a pair of dikes to cut pie shaped wedges, or do you whittle some off your bulion bars?

I'm not trying to be snarky, just understand how you use a $20 gold piece worth $1k for a trip to Safeway for groceries.

Most savvy gold owners own 1/10 or 1/4 oz Gold coins, and favor Maple Leafs. They also like US Mint silver dollars. Problem there is 400 silver dollars weigh 25 lbs.

[dogtag]

Then explain why gold/silver isn?t following the market. It was $2,000/Oz in July and $1,517 today.

It's always the samr, when you need to buy it, you can't afford it. Inflation sees to that. Gold and silver are harder to digest than food.
I wanted to buy silver in 1964 but couldn't afford it.

I might add, I bought a bunch later at 3x face value.