ECON Gold and Silver news

[von Koehler]

My late FIL grew up in the
1930's and I was curious about much gold coin was in circulation.

He replied he never saw any gold coins.

 

[Kathy in FL]

I agree on the Real Estate. If things go full insurrection, terrorist actions, collapse of gov and financials, I think taking land and buildings (call it squatting, but it will really be spoils of war) could become the norm in some places.

Remember ... lawlessness will mean the guns come out on both sides. And we've bartered with our tenants for over 25 years if they are short for any given month ... yard work, handy skills, mechanical skills, information on where certain things can be purchased at ground floor prices, etc. The better thing to do, which most smart landlords/management companies do is use their tenants as part of their extended "tribe."

When your properties are paid off, and you've treated your people with some respect, you build a relationship and from that relationship you'd be surprised what comes about. My husband and I are often called "Don" or "Dona" (tilda over the n in Dona is how it is pronounced) in some of our neighborhoods. And we are treated the way you know those terms are meant in certain communities. We try very hard to live up to the honorariums used.

 

[Kathy in FL]

My late FIL grew up in the
1930's and I was curious about much gold coin was in circulation.

He replied he never saw any gold coins.

Neither did my in laws or grands and great grands. They didn't see any silver either. What my father in law said he saw in exchange for the work his mother and brother did was food. The "rich" Italians paid in spaghetti for the laundry his mother took in. His brother ... just a kid at the time ... brought in coin (to pay the rent) from delivering Cuban bread and also got paid part in cuban bread and coffee. A barely school-age boy was able to bring in enough coin to pay their rent in a boarding house. My farmer great grands didn't have it as bad but the pictures from those years look bad compared to what people have today and call themselves poor.

 

[Great Northwet]

This thread is like a big batch of Chili-it get's better everyday. But stopping the kidding, there is a lot of knowledge on this thread so everybody should read up on this stuff.

40+ years ago I read a book about Elliot wave theory. It seemed really good and correct. In 2003 I caught the bottom in the Gold market and bought my first pound at $337/oz. including the premium.

Around 2015 EWT said that the price should soon be $300/oz. Apparently EWT didn't understand the theory of numbers and the velocity of money.

 

[Johnny Twoguns]

Remember ... lawlessness will mean the guns come out on both sides. And we've bartered with our tenants for over 25 years if they are short for any given month ... yard work, handy skills, mechanical skills, information on where certain things can be purchased at ground floor prices, etc. The better thing to do, which most smart landlords/management companies do is use their tenants as part of their extended "tribe."

When your properties are paid off, and you've treated your people with some respect, you build a relationship and from that relationship you'd be surprised what comes about. My husband and I are often called "Don" or "Dona" (tilda over the n in Dona is how it is pronounced) in some of our neighborhoods. And we are treated the way you know those terms are meant in certain communities. We try very hard to live up to the honorariums used.

Mr. Hershey formed a town for his employees during a depression. Stocked it with stores, a hospital, doctors, dentists, clothing. They formed a union and turned on him when the economy went down. People are people, and a lot of people are crappy. Not saying it won't be better for you, but best make plans or at least thing about things if it isn't.

Tomorrow won't be like today. And today is nothing like yesterday.

 

[psychgirl]

Gold on the move this morning!!
$2144 !

 

[psychgirl]

2152$ now.

 

[Johnny Twoguns]

Hmmmm. GLD's rise seems to be sustained so far. As high as $2149.60. Will it or won't it? The PM's usually get slammed down on Monday mornings.

 

[Kathy in FL]

Hmmmm. GLD's rise seems to be sustained so far. As high as $2149.60. Will it or won't it? The PM's usually get slammed down on Monday mornings.

Question is can you find physical for that price? As in the exchange of fiat to gold that goes does, happens right then and there, not you pay electronically and then wait for it to arrive.

 

[Johnny Twoguns]

Question is can you find physical for that price? As in the exchange of fiat to gold that goes does, happens right then and there, not you pay electronically and then wait for it to arrive.

You buy at spot and whatever premium the seller puts on. That price is locked in; at least with any legitimate seller. I know people that bought silver but had to wait weeks for it to arrive at the local coin store. They bought it, it arrived a month later, and they picked it up with no changes to the price they bought it at.

People who haven't followed pms should keep in mind, back in the $70's when gld/slv went ballistic, a LOT of people got ripped off, including locals who trusted and stored their gold/silver with their local seller. I am not saying it was anything like a majority of businesses, but some business owners took the money and ran.

 

[Southside]

During The Great Taking nothing will be safe, except PMs that you actually have in your hand. If the US were to price gold and silver high enough to pay off the national debt then we can start this fiat bubble all over again. Does anyone trust our government to do anything at all in the best interest of its citizens? I for one think the government is totally corrupt.

I do think that stocks, where you hold the certificate in your name, will also be safe.
Land, owned free & clear, with a way to pay property tax will be ok too.

 

[Thunderdragon]

I do think that stocks, where you hold the certificate in your name, will also be safe.
Land, owned free & clear, with a way to pay property tax will be ok too.

I forgot...it has been awhile...how to get stock certificates.

 

[Johnny Twoguns]

I do think that stocks, where you hold the certificate in your name, will also be safe.
Land, owned free & clear, with a way to pay property tax will be ok too.

Two Tales

My older sister found a box filled with Mining Shares Certificates in an uncle's attic. From her research she found, or thought they were obsolete; no more mines.

Ever hear of the Nifty Fifty? The fifty largest companies back in the 60's-70's.
"In the United States, the term Nifty Fifty was an informal designation for a group of roughly fifty large-cap stocks on the New York Stock Exchange in the 1960s and 1970s that were widely regarded as solid buy and hold growth stocks,"

By the mid 80's half of them were gone.

Nifty Fifty - Wikipedia

en.wikipedia.org

Clif High has stated that when he sold his last house to move to a house on a clif (heh heh) near the ocean he couldn't get a hold of an actual deed any longer on the house, and I've heard that before, a lot of deeds, mortgages, etc have been chopped up and sold piecemeal so any 'real owner' is hard to find. Finally he gave up, said fxxk it (his word, he says it more than I do) and just sold it.

I don't know how widespread that practice is, the chopping up etc, all States, some States, whatever. I have heard conspiracy theories about the intentional flooding of that vault on Wall Street(?) during a hurricane storm that destroyed a great many final titles to land and property deeds all over the USA.

So, all in all, what will be safe as the Great Taking is attempted?

 

[Southside]

I forgot...it has been awhile...how to get stock certificates.

The most direct route to get a share certificate is to contact the transfer agent for the stock. You can find a stock's transfer agent listed on the investor relations tab of the company's website, or by calling the investor relations department directly

 

[Southside]

Two Tales

My older sister found a box filled with Mining Shares Certificates in an uncle's attic. From her research she found, or thought they were obsolete; no more mines.

Ever hear of the Nifty Fifty? The fifty largest companies back in the 60's-70's.
"In the United States, the term Nifty Fifty was an informal designation for a group of roughly fifty large-cap stocks on the New York Stock Exchange in the 1960s and 1970s that were widely regarded as solid buy and hold growth stocks,"

By the mid 80's half of them were gone.

Nifty Fifty - Wikipedia

en.wikipedia.org

Clif High has stated that when he sold his last house to move to a house on a clif (heh heh) near the ocean he couldn't get a hold of an actual deed any longer on the house, and I've heard that before, a lot of deeds, mortgages, etc have been chopped up and sold piecemeal so any 'real owner' is hard to find. Finally he gave up, said fxxk it (his word, he says it more than I do) and just sold it.

I don't know how widespread that practice is, the chopping up etc, all States, some States, whatever. I have heard conspiracy theories about the intentional flooding of that vault on Wall Street(?) during a hurricane storm that destroyed a great many final titles to land and property deeds all over the USA.

So, all in all, what will be safe as the Great Taking is attempted?

It appears that it is all about what you hold in your hands PHYSICALLY.
Gold, silver, deeds to land, etc. ALL FULLY PAID FOR!

 

[Johnny Twoguns]

It appears that it is all about what you hold in your hands PHYSICALLY.
Gold, silver, deeds to land, etc. ALL FULLY PAID FOR!

That and you hope "law and order" is basically intact in your area, and your State, and how many young guns you may know locally.

View: https://www.youtube.com/watch?v=5afnr_lZP-Y

 

[Kathy in FL]

Two Tales

My older sister found a box filled with Mining Shares Certificates in an uncle's attic. From her research she found, or thought they were obsolete; no more mines.

Ever hear of the Nifty Fifty? The fifty largest companies back in the 60's-70's.
"In the United States, the term Nifty Fifty was an informal designation for a group of roughly fifty large-cap stocks on the New York Stock Exchange in the 1960s and 1970s that were widely regarded as solid buy and hold growth stocks,"

By the mid 80's half of them were gone.

Nifty Fifty - Wikipedia

en.wikipedia.org

Clif High has stated that when he sold his last house to move to a house on a clif (heh heh) near the ocean he couldn't get a hold of an actual deed any longer on the house, and I've heard that before, a lot of deeds, mortgages, etc have been chopped up and sold piecemeal so any 'real owner' is hard to find. Finally he gave up, said fxxk it (his word, he says it more than I do) and just sold it.

I don't know how widespread that practice is, the chopping up etc, all States, some States, whatever. I have heard conspiracy theories about the intentional flooding of that vault on Wall Street(?) during a hurricane storm that destroyed a great many final titles to land and property deeds all over the USA.

So, all in all, what will be safe as the Great Taking is attempted?

The only way to sell a land ... or car or house ... without potentially getting ripped off is to get the deed/title cleared and/or warrantied through something like a title company. Cars are a bit different but you can clear a title for a car with the State you want to license it in, there are just a bunch of hoops to jump through. For instance when a car is hauled away for parking in the wrong spot and the owner doesn't get it out of hock soon enough the company takes possession through the State, gets a clear title, and then sells it generally at auction.

Anyway ...

Before you can get a mortgage you have to have a clear title for a home/land. Sometimes that is relatively simple and only requires an updated survey to be certified. Most of the time, to get it cleared, the title company has to make sure there are no liens or unpaid debts and that the sellers have the legitimate legal right to sell the property. This can be called into question if the land was in probate at some point.

There is a poster here known as @mortgageboss that can likely explain the process better. We've been through it multiple times due to the number of properties we have. Just recently we added another 15 acres to our land holding and we had to get the title cleared up so the lady could sell it to us. Also, the secondary BOL we purchased had a cloud on the title due to some probate stuff. Both had to be cleared up before they could be sold even with both being all cash deals. Most states will not allow a title to change hands unless all clouds (on the title) are rectified and cleaned up.

ETA: As far as I know, without clear title, you can't register/license a motor vehicle of any type.

 

[Johnny Twoguns]

The only way to sell a land ... or car or house ... without potentially getting ripped off is to get the deed/title cleared and/or warrantied through something like a title company. Cars are a bit different but you can clear a title for a car with the State you want to license it in, there are just a bunch of hoops to jump through. For instance when a car is hauled away for parking in the wrong spot and the owner doesn't get it out of hock soon enough the company takes possession through the State, gets a clear title, and then sells it generally at auction.

Anyway ...

Before you can get a mortgage you have to have a clear title for a home/land. Sometimes that is relatively simple and only requires an updated survey to be certified. Most of the time, to get it cleared, the title company has to make sure there are no liens or unpaid debts and that the sellers have the legitimate legal right to sell the property. This can be called into question if the land was in probate at some point.

There is a poster here known as @mortgageboss that can likely explain the process better. We've been through it multiple times due to the number of properties we have. Just recently we added another 15 acres to our land holding and we had to get the title cleared up so the lady could sell it to us. Also, the secondary BOL we purchased had a cloud on the title due to some probate stuff. Both had to be cleared up before they could be sold even with both being all cash deals. Most states will not allow a title to change hands unless all clouds (on the title) are rectified and cleaned up.

ETA: As far as I know, without clear title, you can't register/license a motor vehicle of any type.

I know how it worked before, I've bought and sold 5 houses over the years. Last one was in California in 1999. I know how deeds and title work(ed), more or less.

As I mentioned, from memory, I'd heard that when big conglomerates like BlackRock were buying up huge chunks of land/houses the money was broke into parcels and so confusing it was hard or impossible to see who actually 'owned' the property.

I just remember hearing Cliff on a podcast or one of his substacks moaning about trying to get some kind of deed or title to his former property, couldn't find or get exactly what he was looking for, but could still sell it so he did. At the time I thought it interesting as a data point and possible confirmation of part of the stories of chopped up mortages.

I don't know, going on old info; but I also know there is so much crime and corruption in all markets in the USA and Canada that the elite have passed their laws so they can claim legality over their crimes. It would not shock me in the least that when they try to fully implement their Great Taking they will then show their hand.

I'm not trying to debate anyone: but since the comments of holding "it" in your hand I thought I'd drop that ditty that Cliff made a couple of years ago.

 

[Hfcomms]

An ounce of gold is an ounce of gold and an ounce of gold buys today approximately what it did a hundred years ago. The gold doesn't change but the value of the currency it is priced in is changing. As gold goes up it is just your dollar buying less is all. As more and more people want physical gold in the future and want to get out of paper assets the overall purchasing power of gold may go up more than the devaluation of the dollar but gold price is primarily a reflection of the currency and that is why they try so hard to suppress it.

 

[Southside]

That and you hope "law and order" is basically intact in your area, and your State, and how many young guns you may know locally.

View: https://www.youtube.com/watch?v=5afnr_lZP-Y

Well, I live in Illannoy, so, officially, we only have handguns with 10 rounds or less of capacity.
That's my story, and I'm sticking with it.

 

[Doc1]

An ounce of gold is an ounce of gold and an ounce of gold buys today approximately what it did a hundred years ago. The gold doesn't change but the value of the currency it is priced in is changing. As gold goes up it is just your dollar buying less is all. As more and more people want physical gold in the future and want to get out of paper assets the overall purchasing power of gold may go up more than the devaluation of the dollar but gold price is primarily a reflection of the currency and that is why they try so hard to suppress it.

A few important notes:

Hfcomms' post above is generally correct, but he - like many, many other PM commentators - overlooks one critical aspect of PM values.

Precious metals generally track the rise and fall of currencies' values, but it's not a precise correlation. In $USD terms, Gold and Silver tend to track the currency's value, but they are more or less constantly over-shooting or under-shooting, as the case may be. This is the only reason that precious metals speculators can make any profit. Otherwise, buying and selling PMs would be no different than changing $10 bills into $1 bills.

Precious metals speculators, the good ones at any rate, are constantly measuring the spot value of the metals against other goods and services. When the ratios get too far out of whack, that's when they are able to book profits.

I'm neither a PM dealer or speculator, but do have a significant amount of my retirement in PMs. In my (ultra simple) case, when I notice that PM values are too low, I don't tend to sell any. When I see that they've risen to what I consider to be a fair or even high value, I will sell some. This is no different than what PM dealers and speculators do, though they operate on a far more sophisticated level.

I would never buy and sell PMs as a career, as I can think of few endeavors more likely to create grey hairs! On the other hand, they can be an exceptional vehicle to hold savings in a form most likely to avoid the ravages of inflation.

Best
Doc

 

[Hfcomms]

Precious metals speculators, the good ones at any rate, are constantly measuring the spot value of the metals against other goods and services. When the ratios get too far out of whack, that's when they are able to book profits.

That is the difference between the traders and the stackers. The traders 'trade' paper precious metal assets with little to no metal behind them and we stackers (like you are) just keep on accumulating as able. I know a lot of people buy them (even physical metal) the only reason being as that they think the price is going to go up and when it doesn't or they hit a down stretch they panic and try to get rid of them.

Personally I have never sold an ounce and don't intend to unless or until I need to buy something with them. To me I don't value metal in dollars but in ounces. Matter of fact I just bought a number of Morgan silver dollars this morning (love the Morgan's) and personally don't care that much if spot gold stays at 2K or goes to 5K. The metal in my safe is still the same.

YMMV of course.

 

[Blacknarwhal]

I listen to Martin when he is on Greg's channel and other times now and then and I also listen to what he says, but I don't agree with everything. He thinks a Republic is the worst form of .gov because it always ends up corrupt and he seems to imply Democracy is the better form. Au Contraire! First, all systems grow corrupt after a century or two or ten of power and wealth. Our system is roughly based on the Roman System instead of the Demos of Ancient Greece, because the Demos was very easily corrupted and led by mob rule; led by great evil demagogues who spoke well, the kind that sent yesterday's hero to the chopping block. Go look at Alcibiades of Athens or Demaratus of Sparta and what happened to them. As it happened in Revolutionary France, then in Communist Russia. Pure democracy always devolves into corrupt mob rule.

That said (can't shut myself up when it comes to history and politics ),

Martin is one of them. He's a rich guy and an investor. He is thinking of his pocket book. As he said above in a recent post, gold going up too quick won't be good for bitcoin. Well, bitcoin is corrupt. Shown up out of nowhere and is now a major "asset class" that no average person around the world can afford more than a few, if that.

Mind, I don't object to people bettering their lives off of it in a corrupt system; but I won't lie to myself about where it came from and why.

So, I hope gold and silver, some say God's Money, gets out of the bull pen and runs havoc.

Not REALLY out of nowhere. There was a time you could buy 10,000 Bitcoin for just $50. It was known as the "SmokeTooMuch Auction," and it had NO takers. Another guy famously bought two Papa John's pizzas for 10,000 Bitcoin.

 

[Johnny Twoguns]

Yeah, it came out of nowhere. I first heard about it through the Webbots when it was still less than a penny and Clif High said it was going to go to a $million. Who is Satoshi? Nobody knows. Not really. I think Satoshi is more closely linked to the DS/CIA than some brilliant software programmer who came up with a way to make a "people's money".

Can't steal it. Fully transparent. Limited to 25 million. Bix Weir and Clif High waxing elegant for over a decade now on how it will replace all Fiat currency AND GOVERNMENT CAN'T TOUCH IT!! IT WILL BE THE PEOPLES MONEY!.

How has that worked out. It CAN be stolen. It CAN be tracked. Governments CAN throw monkeys into the workings (taxing, regulations, confiscations, forcing banks NOT to deal with accounts working with crypto companies).

I fully agree it has proven to be a great pyramid scheme way to make money. It certainly is going over $100K. Might get to a $million. I also think at some point it is going to do what Tulips did; crash to nothing.

But I've spent my entire adult life(most of the time) dealing with the world of electronics, R&D, telecommunications, programming and programmers, etc.

At the end of the day it is counted as a 0 if the voltage is under 2.5Volt, or a 1 if the stored electricity is above 3Volts. It is just electricity, programming (all programming can be overcome by other programming) and another ponzi scheme to keep people greedy, hopeful, and looking over there not over here. But for now I fully agree, make hay while the sun is out.

 

[Johnny Twoguns]

A few important notes:

Hfcomms' post above is generally correct, but he - like many, many other PM commentators - overlooks one critical aspect of PM values.

Precious metals generally track the rise and fall of currencies' values, but it's not a precise correlation. In $USD terms, Gold and Silver tend to track the currency's value, but they are more or less constantly over-shooting or under-shooting, as the case may be. This is the only reason that precious metals speculators can make any profit. Otherwise, buying and selling PMs would be no different than changing $10 bills into $1 bills.

Precious metals speculators, the good ones at any rate, are constantly measuring the spot value of the metals against other goods and services. When the ratios get too far out of whack, that's when they are able to book profits.

I'm neither a PM dealer or speculator, but do have a significant amount of my retirement in PMs. In my (ultra simple) case, when I notice that PM values are too low, I don't tend to sell any. When I see that they've risen to what I consider to be a fair or even high value, I will sell some. This is no different than what PM dealers and speculators do, though they operate on a far more sophisticated level.

I would never buy and sell PMs as a career, as I can think of few endeavors more likely to create grey hairs! On the other hand, they can be an exceptional vehicle to hold savings in a form most likely to avoid the ravages of inflation.

Best
Doc

I'm not sure, but you both may be missing this. Perhaps?

Around 1971 when Nixon took the USA off the gold standard there was not a single $Billion dollars in existence. It was still in the hundreds of millions. Then there WERE billions of US dollars. After a very very long time there were then $TRILLIONS of dollars. NOW, TODAY, there a quadrillions of US dollars. And all those digi dollars other countries have created out of thin air and speculation and greed.

That is why at some point bitcoin could and probably will get to a $million. This last weekend I head Bo Polny (not a big fan, don't follow him, but I do tune in now and then) say an ounce of Gold should be the same value as a bitcoin it finally hit me. Yeah, why NOT? I mean bitcoin used to be worth a few hundredths of a penny. Now look at it.

Once the panic hits, and most if not all debt based assets are crashing, when banks are failing, when confidence is REALLY lost even with the billionaire and trillionaire class, and they can't buy anymore sitoshi's because no one is selling, and the global entities that are holding physical gold and silver are NOT selling, waiting for whatever reset is coming,

what is so silly in thinking out of the box that gold could go to $80-$100K like the late Jim Sinclair said it would? And silver at $6K eventually?

My point is you are both thinking that gold and silver have a valuation in the real world at the Comex price - which is corrupt and manipulated, oh maybe just a little bit higher than Comex ............

I'm thinking of when the Comex is no longer followed; nobody is paying to the price Wall Street is setting for the suckers, or maybe Comex simply isn't there any longer.

I'm sure there are some on this forum, maybe one or both of you, that have as much or more silver, just silver alone not counting gold, the money of counts and kings, you have as much silver that would have made you as rich as a Saxon or Viking warlord in Anglo Saxon England around the hundreds of years of the seafarer's invasions. (not prying, just musing).

Maybe I will be proven totally off base, at least while I live. But my Spidy senses say people like Rafi are correct. For some, when the final crash occurs, they will be picking up houses for a pound or four of silver, or buying Teslas for a short stack (if they want one in a world of limited electricity ).

That is how it worked in history. And you don't have to go back to Anglo Saxon days. Weimar Germany, and NYC in the early decades of the 1900's. And there were not trillions of digi dollars in the world back then let alone quadrillions that will try to go SOMEWHERE when this Great Reset and Great Taking fails in a world wide morass of chaos.

 

[Hfcomms]

My point is you are both thinking that gold and silver have a valuation in the real world at the Comex price - which is corrupt and manipulated, oh maybe just a little bit higher than Comex ............

Not at all. That is why I said an ounce of gold is an ounce of gold. The price quoted in fiat dollars is immaterial to me. You could price them in quatloos for all I care. I value my metal in ounces of both in my possession and not in a paper price quoted from the LBMA or Comex and that is the exact reason why I don't get giddy when the spot price goes up or start wringing my hands when they manipulate it down.

What I do know and care about is thousands of years of human history of what the metals are and their role during and after economic collapses even during the present time where people in Venezuela placer mine for flour gold to pay for their haircuts and eggs. When push comes to shove the metals will do what they always have done in the past as it is ingrained in our DNA and they are God's honest money if you will.

We have yet to see how BTC or other etherial assets perform during economic collapse but I have an idea we will find out soon enough.

 

[Johnny Twoguns]

Browsing down the Twatter page for Rafi Farber (one day HE TOO SHALL BE CORRECT! )

You don't need to go read the substack, I haven't, yet. The comment under his name
was enough to make me ponder. It's actually quite profound to my over imaginative mind:

https://twitter.com/i/web/status/1762839737918804432

View: https://twitter.com/RafiFarber/status/1762839737918804432/photo/1

 

[Doc1]

Johnny Twoguns,

You may assume too much. I'm fully aware of what a manipulated market the COMEX represents and further, how much Gold and (especially) Silver have been manipulated downward.

Still, at the end of the day there's nothing I can do about it. It is what it is and (at least for now) it's the benchmark that the vast majority of the public and various institutions use to value the metals. The COMEX is a paper market with very little actual metal behind the facade.

Today, I would be delighted to sell silver for $50K/ounce but the problem is finding current buyers who'll pay that much! Anyone reading this who is inclined to pay me fifty grand for one of my silver ounces is more than welcome to get in touch ;-)

For now, we do what we can with what we've got...

Best
Doc

 

[hd5574]

If I take some green dollars and buy some silver dimes ...I think of it as exchanging ..fake money for real money....just a conversion...of new money for old

When my parents grew up they had gold and silver coins in their pockets
When DH and I grew up we had silver coins jingling in our pockets...
Kids growing up today have.....well you know...

 

[Kathy in FL]

I know how it worked before, I've bought and sold 5 houses over the years. Last one was in California in 1999. I know how deeds and title work(ed), more or less.

As I mentioned, from memory, I'd heard that when big conglomerates like BlackRock were buying up huge chunks of lan and d/houses the money was broke into parcels and so confusing it was hard or impossible to see who actually 'owned' the property.

I just remember hearing Cliff on a podcast or one of his substacks moaning about trying to get some kind of deed or title to his former property, couldn't find or get exactly what he was looking for, but could still sell it so he did. At the time I thought it interesting as a data point and possible confirmation of part of the stories of chopped up mortages.

I don't know, going on old info; but I also know there is so much crime and corruption in all markets in the USA and Canada that the elite have passed their laws so they can claim legality over their crimes. It would not shock me in the least that when they try to fully implement their Great Taking they will then show their hand.

I'm not trying to debate anyone: but since the comments of holding "it" in your hand I thought I'd drop that ditty that Cliff made a couple of years ago.

The only "confusion" would have been if they broke it down into multiple LLCs which they probably did for legal purposes. A lot of landlords do it that way as a form of personal, legal protection. Unless they are stupid enough to do something to pierce the corporate vale.

Landlords and property owners, even if it is just land, were once easy pickings for certain types of lawyers and their equally unscrupulous clients. Fraudulent or overstated Slip and falls? Landowners that don't carry liability insurance because they think no trespassing signs are sufficient? People that claim things happen in the parking lot of your unit even if they aren't a tenant there? People that claim to be a tenant but have no proof/documentation? There are a lot of legitimate reasons why owners - whether they are individuals or large investment groups - do things that way.

And it is only confusing if people won't do the necessary to follow the trail of owners from LLC to LLC to partnership, etc.

And to be honest? What business is it of anyone's of who owns what? Should Joseph Noseynutz really have the right to know what bank you use and how much is in it? Does Shirley Liblover have the right to know who owns the house down the street from her? Does Nathan Nunyabiz have a right to any info just so he can do a podcast?

None of that info is terribly difficult to find if they want to be that kind of creepy. Most people are just too lazy to do the work to find it and then want to say ... "They're hiding and lying!! The public has a right to know!!" Well, no, not really, they don't unless they have a law suit in play and even then they'll have to bring the suit against the entity that is immediately in the public records. In Florida that is all public record and online as long as the event happened after 1986 and some go back on line to 1964 and if it isn't online you just go down to the courthouse and pull it and they have stuff there that's 200 years old.

Yeah, it really is that simple.

 

[stop tyranny]

The Great Gold Robbery of 1933 | Mises Institute

The Act gave the secretary of the Treasury the power to require all individuals and corporations to hand over all their gold coin, gold bullion, or gold

mises.org

 

[Peachy]

As I mentioned, from memory, I'd heard that when big conglomerates like BlackRock were buying up huge chunks of land/houses the money was broke into parcels and so confusing it was hard or impossible to see who actually 'owned' the property.

I just remember hearing Cliff on a podcast or one of his substacks moaning about trying to get some kind of deed or title to his former property, couldn't find or get exactly what he was looking for, but could still sell it so he did. At the time I thought it interesting as a data point and possible confirmation of part of the stories of chopped up mortages.

I'm pretty sure you can get a copy of any Deed at the county clerk's office. You may be thinking of the time when people were refinancing and banks were selling mortgages. This was in the 90's or early '00s. I heard then that the "new" owner of the mortgages couldn't find or didn't have the "original" mortgage paperwork.

 

[Kathy in FL]

I'm pretty sure you can get a copy of any Deed at the county clerk's office. You may be thinking of the time when people were refinancing and banks were selling mortgages. This was in the 90's or early '00s. I heard then that the "new" owner of the mortgages couldn't find or didn't have the "original" mortgage paperwork.

The "original paperwork" problem is what has kept many people out of foreclosure. Many states changed their laws after the 2007/2008 blow up of the real estate market. It was to protect - and rightly so - mortgagors and mortgagees from the unscrupulous of having con artists come take property based on "claims" rather than "documentation and facts." A lot of foreign paper holders got kicked in the can for failing to make sure that they had the original documents. And by original I mean original signatures, not just the "stamped" ones that banks like WellsFargo got their can kicked over.

There was a lot of fraud in foreclosures, not all of it by the banks. The changed laws have done a lot of good, just like when they changed the bankruptcy laws started shaking out all of the fraudulent filers.

 

[Johnny Twoguns]

Johnny Twoguns,

You may assume too much. I'm fully aware of what a manipulated market the COMEX represents and further, how much Gold and (especially) Silver have been manipulated downward.

Still, at the end of the day there's nothing I can do about it. It is what it is and (at least for now) it's the benchmark that the vast majority of the public and various institutions use to value the metals. The COMEX is a paper market with very little actual metal behind the facade.

Today, I would be delighted to sell silver for $50K/ounce but the problem is finding current buyers who'll pay that much! Anyone reading this who is inclined to pay me fifty grand for one of my silver ounces is more than welcome to get in touch ;-)

For now, we do what we can with what we've got...

Best
Doc

No, don't get me wrong. I know most people on here who are stackers know the Comex is corrupt, and GLD/SLV are both terribly undervalued.

I was making the point that you could be sitting on enough now not just to buy a new car and a used house when things really go back, but that I do think something akin to what Rafi Farber has speculated could happen based on former history, and to a much smaller degree some of Bix Weirs rants has speculated on, mind you not his usual crazy rants, lol, but that SLV could get to $1k-$6k. Bo's claim that an oz of GLD should be as much as 1 bitcoin is perfectly valid in MHO.

Sounds silly and hopium, but not if you watch where the digi dollars have flown in electronic programming on memory sticks has gotten to; based on the history and theory of what John Kenneth Galbraith called The Irrational Exuberance and The Madness of Crowds when a financial mania has taken place; just like now.

My point was it could get far far crazier with PM's than most have thought on. And I am basing my views and thoughts on actual human history only going back to the Great Tulip Craze that took hold of the collective consciousness of the Dutch a few hundred years ago; and up to now. We are in a mania like that with the crypto's.

I think that irrational exuberance will move into PM's in the not distant future. So maybe, if you want, think larger than just bartering a junk silver dime for a sack of potatoes. That was my point, not that anyone who stacks on here doesn't know as much as I do about the corruption of the Comex and general history of silver.

I do know that most people really don't delve very deeply into human history; and especially financial history; which does repeat; and proves human nature has not changed one whit since the time of Caesar.

The Irrational Exuberance and The Madness has only really just begun.

 

[West]

IMHO...

If one stacks PMs as a stacker, then one is a banker.

JMHO. And the big time bankers agree!

However if you stack as a independent individual, the bankers hate you, for being smart too.

 

[Blacknarwhal]

Neither did my in laws or grands and great grands. They didn't see any silver either. What my father in law said he saw in exchange for the work his mother and brother did was food. The "rich" Italians paid in spaghetti for the laundry his mother took in. His brother ... just a kid at the time ... brought in coin (to pay the rent) from delivering Cuban bread and also got paid part in cuban bread and coffee. A barely school-age boy was able to bring in enough coin to pay their rent in a boarding house. My farmer great grands didn't have it as bad but the pictures from those years look bad compared to what people have today and call themselves poor.

Which probably wouldn't work today. Can you imagine the hue and cry over "child labor" like that?

 

[shane]

Rafi said this morning, in summary...

Summary​

• Gold open interest has increased significantly in a short period, indicating a clash between banks and wealthy individuals in futures trading.
• Physical gold premiums are falling, and the public has not yet noticed the rally.
• The FDIC is late in filing the quarterly banking profile, raising suspicions about the data they may not want to reveal.

There's not too many online info sources that I'll pay for,
but Rafi's one and, IMO, well worth seeing his in-depth
details of his summary above and most every day, too.

Panic Early, Beat the Rush!
- Shane

 

[Johnny Twoguns]

The only "confusion" would have been if they broke it down into multiple LLCs which they probably did for legal purposes. A lot of landlords do it that way as a form of personal, legal protection. Unless they are stupid enough to do something to pierce the corporate vale.

Landlords and property owners, even if it is just land, were once easy pickings for certain types of lawyers and their equally unscrupulous clients. Fraudulent or overstated Slip and falls? Landowners that don't carry liability insurance because they think no trespassing signs are sufficient? People that claim things happen in the parking lot of your unit even if they aren't a tenant there? People that claim to be a tenant but have no proof/documentation? There are a lot of legitimate reasons why owners - whether they are individuals or large investment groups - do things that way.

And it is only confusing if people won't do the necessary to follow the trail of owners from LLC to LLC to partnership, etc.

And to be honest? What business is it of anyone's of who owns what? Should Joseph Noseynutz really have the right to know what bank you use and how much is in it? Does Shirley Liblover have the right to know who owns the house down the street from her? Does Nathan Nunyabiz have a right to any info just so he can do a podcast?

None of that info is terribly difficult to find if they want to be that kind of creepy. Most people are just too lazy to do the work to find it and then want to say ... "They're hiding and lying!! The public has a right to know!!" Well, no, not really, they don't unless they have a law suit in play and even then they'll have to bring the suit against the entity that is immediately in the public records. In Florida that is all public record and online as long as the event happened after 1986 and some go back on line to 1964 and if it isn't online you just go down to the courthouse and pull it and they have stuff there that's 200 years old.

Yeah, it really is that simple.

That could have been or something like that.

 

[Kathy in FL]

Which probably wouldn't work today. Can you imagine the hue and cry over "child labor" like that?

Even what they allowed when hubby and I were kids. Hubby has been working since he was 8 years old, even before they "allowed" work experience through school. He would take the expired beer cans from the distributor his dad worked for and dump the beer in the drain in the warehouse. He got to keep the cans ... back when collecting aluminum cans meant something. At 10 he started to help his dad deliver beer when there was a game at the stadiums around town. At fourteen he shifted to working at a local zoo. At sixteen he was working at a theme park. They reimbursed him for his college costs once he turned 18.

Not too many kids that come up that way these days because of all the coddling and "laws" that get in the way of their motivation.

 

[bcingu]

Precious metals are a form of legacy wealth, some of the others are real estate & collectibles.Legacy wealth is handed from generation to generation ensuring future generations status & influence.

Gold & silver (money) are convenient forms of storage for profits.

When the Federal Reserve was adopted (1913) the reserve's note (money) was conjoined with gold & silver for it' s values of $20 for their coined gold or promissary note & $1 for their coined silver or promissary note.

The truly significant difference between money & currency is, money was made of or redeemable for gold & or silver or other materials deemed precious by the consensus. An easy example of the difference is, The price of gold was $18.92 ozt & silver was $1 ozt. In 1913 you could purchase a men's suite for $15 with change for a shirt & socks for $20. Today gold is $2,164.36ozt, a men's suit ranges from $150-500 off the rack or $500-10,000 tailored. In 1913 gasoline was $0.18 a gallon, 1silver dollar would by 5 gallons. Today silver is $24.36ozt at my gas station here in BFE gas is $3.52 x 5 = $17.60. Again silver preserved the wealth.

Simply stated gold & silver preserve your wealth acquired through business & labor. While the value of the local currency may become insolvent, owning legacy wealth is transmutable around the world & throughout time. Here's a few families with legacy wealth you already know, the Rockefellers, Rothchilds & Windsors.

At least that's how I explain it.