I really feel sorry for old timers who’ve saved a pile of money. They have no clue how badly they are taking a bath in lost purchasing power of their dollars. They think that they’re safe storing their wealth in paper that can be printed out of thin are. Sad

Store your wealth in metals that are increasing in value rather than in paper that is decreasing in value. If you need paper to pay for stuff then sell a little of your metal. People will be falling over themselves to buy it from you. But only if you bought when it’s on sale!

Most people have no clue what inflation is or where it comes from. Rising prices is NOT inflation. It’s a symptom of inflation. “Printing currency that’s back by nothing and printed on nothing” is what inflation is. We’ve become convinced that rising prices is inflation. It’s NOT

When you hear “liquidity” or “stimulus” or “cash infusion” from central bankers and policy makers, just replace those words with the word “INFLATION”. Then it will start to make sense. Trying to spend our way out with printed money - NEVER WORKS.

This is why we have a huge stock market bubble while the economy down at our level is literally crumbling.

They keep trying to drain the value out of gold but once all the sellers dry up it just keeps steadily filling back up. $2500 gold is well within our near future. By the end of the year at least. Sooner if they inflate more stimulus.

Just bought $3800 for $3200. Like picking hundred dollar bills off the ground. Took 5 minutes.

Today I bought $3200 for $2600

Paper markets up again today. All courtesy of the Fed and their printing presses. No fundamental reason for these valuations. Keep printing and ruin the dollar. Stop printing and stock market collapses. EITHER WAY gold is going higher.

‘They know that overstaying the festivities — that is, continuing to speculate in companies that have gigantic valuations relative to the cash they are likely to generate in the future — will eventually bring on pumpkins and mice.

But they nevertheless hate to miss a single minute of what is one helluva party. Therefore, the giddy participants all plan to leave just seconds before midnight. There’s a problem, though: They are dancing in a room in which the clocks have no hands.’

Playing “monopoly” with just $10 left, landed on Park Place. Ready to hand over my last $10 when dad dipped into the bank, and payed my debt and said, “don’t worry, I’ll cover you from here.” Then my uncle stepped in with a 999 gold coin, and bought the whole game. Bank and all.

A subscriber urged me to abandoned precious metals and just buy some Tesla stock. I had to stop and think; buy paper in a highly overvalued speculative stock, with no earnings, or keep accumulating metals that will be worth ten times what they are now when the paper caves in.

It’s a no-brainer. Simple math. No crystal ball required. Invest in paper and abandon gold and silver? NOT! In the end folks will be falling over themselves to buy your metal. But only if you had the foresight to buy it now, while it’s on sale.

Here’s an interesting fact: in 1963 a quarter ($0.25) would buy a gallon of gasoline. Today, that same 1963 minted 90% silver quarter, is worth $4.37 (due to unlimited expansion of printed money - inflation) and will buy over 2.5 gallons of gas.

Interesting fact: the Dow, priced in gold, has been in a 20 year bear market. In 1999 it took 42 ounces of gold to buy the DJIA. Today it takes only 14.6 ounces of gold to buy the Dow. According to Peter Schiff, gold to Dow ratio will hit one to one

According to Jeffrey Gundlach, if we set aside 10% of our GDP and used it to pay off our $27 trillion debt, it would take more than 60 years to get it down to zero. And that’s if we stop borrowing today. That would mean -7% growth rate for over SIXTY YEARS!

The case for owning gold. You don’t have to buy and hold bullion. 10k 14k & 18k scrap gold will track right on up with bullion prices. Same with 925 silver jewelry. Plus, you can still find it for pennies at yard sales, thrift stores, flea markets & resale shops - urban mining.

How low can this go?

Just buy gold, put it away and forget about it. Silver too. Those who do this will be glad that they did. Those who don’t will wish that they had.