Economy "Stagflation worse than the 70's"

[Eric Silva 2.0]

As gold returns to prominence and the dollar continues to plunge, we are heading into what I call 'hyperstagflation'. High inflation and very little growth (with my inflation calculations we are contracting). Unfortunately, for the U.S. and the world in general, we are in economic 'zugzwang'. In chess that means whatever move you make it gets worse from here. It doesn't matter who is in the White House but the economic system is in the process of being sent to the scrap bin. When we look back on the 21st century, it will be known as the golden century. The worldwide economic system will once again be reliant on gold. The citizens of the world might be placed on and accept a 'unicurrency' but make no mistake about it that gold is moving to the forefront.

Stagflation worse than the 1970s is here – ‘day of reckoning’ for U.S. dollar: Peter Schiff

The Kitco News Team brings you the latest news, videos, analysis and opinions regarding Precious Metals, Crypto, Mining, World Markets and Global Economy.

www.kitco.com

Admittedly, Schiff and others in the gold space have been wrong about the timing for many years (I have been wrong as well but not as bad as Schiff). The important thing to focus on is that the premise has always been correct. The paper currency system is on borrowed time. Even if it stands it will be in a weakened, very fragile state.

I can see a future where cryptocurrencies are part of the system as well, especially bitcoin.

SInce 2000:

Dow: ~425
S&P: ~495%
Gold: ~1171%
Silver: ~614%

Am I missing something?
Discuss

 

[UFCUCF]

Given the worldwide political and economic instability and the fact that the so-called BRICS countries appear to be dumping U.S. bonds for the shiny stuff, tells me we haven’t seen the top of this market.

This tells us how little value the currency has now vs historically.

 

[Deorum]

Gold is truly is the most noble and precious of all metals: never to corrode, rust, nor tarnish. It has always had an allure to me that goes beyond its primary monetary purpose as an investment, store of value, and hedge against inflation. It's straight up emotionally satisfying to collect and hold for its own sake and aesthetic purposes which is something that the more dynamic and versatile digital variant (BTC) will never possess, but I love and will continue stacking both.

It's been doing well.





Hard Assets, FTW.

 

[Deorum]

I need more platinum and palladium, @Long Dark Blues.

 

[Deorum]

@Rob Battisti

 

[Long Dark Blues]

I need more platinum and palladium, @Long Dark Blues.

Me too!

I was actually contemplating selling a few ounces of gold scrap/junk jewelry and picking up some platinum numismatics, specifically the Mint's proof First Amendment set:

 

[I Am Legion]

A truly diversified portfolio should always include Gold.

 

[Rob Battisti]

A truly diversified portfolio should always include Gold.

I have some gold but more digital gold

 

[44nutman]

It will get worse when Sundowning Trump replaces Jerome Powell with a Fox News host. We all know that host won’t be Charles Payne.
Metals and miners are going nuts. If Sherdog would have bought $UAMY when I posted it you would be up a ton. China is hoarding their minerals so any US miner and hell even baby miners are running.
Buying stock in baby miners is some degenerate shit but in Trumps economy even they have become a solid investment.
Once I saw China make there move invested in $UAMY and $UEC and been banking. Bought $GOLD when Dum Dum got elected.
Stock market was easy under Sleepy Joe, buy something and watch it rise. Now I got to hustle to make money. You have to be nimble to make money in The Orange Clowns stock market.

 

[Rob Battisti]

It will get worse when Sundowning Trump replaces Jerome Powell with a Fox News host. We all know that host won’t be Charles Payne.
Metals and miners are going nuts. If Sherdog would have bought $UAMY when I posted it you would be up a ton. China is hoarding their minerals so any US miner and hell even baby miners are running.
Buying stock in baby miners is some degenerate shit but in Trumps economy even they have become a solid investment.
Once I saw China make there move invested in $UAMY and $UEC and been banking. Bought $GOLD when Dum Dum got elected.
Stock market was easy under Sleepy Joe, buy something and watch it rise. Now I got to hustle to make money. You have to be nimble to make money in The Orange Clowns stock market.

PAXG for me

 

[Deorum]

I have some gold but more digital gold

Some Better Than None. I do think you should believe in the analog old horse, it has persisted for thousands of years. It isn't an either or proposition, they're both great.

It will get worse when Sundowning Trump replaces Jerome Powell with a Fox News host.

 

[lowlife]

nah bro trump said prices are already down and we're already getting rich af on these tariffs.

 

[Thepaintbucket]

@Rob Battisti

Sad thing is Trump is trying to forcefully remove J Powell in the hopes of getting interest rates lower sooner. How is he going to accomplish this? Bully the rest of the Federal reserve board I assume. Sounds like an astronomical mistake

 

[Long Dark Blues]

PAXG for me

Lost most of mine to Celsius

 

[Rob Battisti]

Lost most of mine to Celsius

Absolutely awful

 

[Eric Silva 2.0]

As gold returns to prominence and the dollar continues to plunge, we are heading into what I call 'hyperstagflation'. High inflation and very little growth (with my inflation calculations we are contracting). Unfortunately, for the U.S. and the world in general, we are in economic 'zugzwang'. In chess that means whatever move you make it gets worse from here. It doesn't matter who is in the White House but the economic system is in the process of being sent to the scrap bin. When we look back on the 21st century, it will be known as the golden century. The worldwide economic system will once again be reliant on gold. The citizens of the world might be placed on and accept a 'unicurrency' but make no mistake about it that gold is moving to the forefront.

Stagflation worse than the 1970s is here – ‘day of reckoning’ for U.S. dollar: Peter Schiff

The Kitco News Team brings you the latest news, videos, analysis and opinions regarding Precious Metals, Crypto, Mining, World Markets and Global Economy.

www.kitco.com

Admittedly, Schiff and others in the gold space have been wrong about the timing for many years (I have been wrong as well but not as bad as Schiff). The important thing to focus on is that the premise has always been correct. The paper currency system is on borrowed time. Even if it stands it will be in a weakened, very fragile state.

I can see a future where cryptocurrencies are part of the system as well, especially bitcoin.

SInce 2000:

Dow: ~425
S&P: ~495%
Gold: ~1171%
Silver: ~614%

@Rob Battisti

This will be worse than the 70's. Instead of stagflation it will be hyperstagflation.

 

[Eric Silva 2.0]

I have some gold but more digital gold

I thought you hated gold? I've been talking about gold on these boards for a few years (and crypto). Most in the War Room never understood the reason for either. At least in Mayberry, you have a group involved in crypto. It's interesting to me now that gold has risen to the top of investments, people seem to be starting to understand there are cracks in the financial system. There is nothing really either party can do at this point. I've talked about 'Economic Zugzwang' in previous threads. I don't see some of the same characters around like Jack Savage. I remember how dismissive he was of gold. I wonder if he and others still feel the same way.

 

[Deorum]

I thought you hated gold? I've been talking about gold on these boards for a few years (and crypto). Most in the War Room never understood the reason for either. At least in Mayberry, you have a group involved in crypto. It's interesting to me now that gold has risen to the top of investments, people seem to be starting to understand there are cracks in the financial system. There is nothing really either party can do at this point. I've talked about 'Economic Zugzwang' in previous threads. I don't see some of the same characters around like Jack Savage. I remember how dismissive he was of gold. I wonder if he and others still feel the same way.

He's a Bitcoin Maxi who believes in its "fix the money, fix the world" philosophy (I do as well to a degree, but have absolutely zero interest in convincing anybody), and people damn near treat these assets like team sports. I have never felt any need to choose just one and disregard the other. I have a preference for hard assets in general, and they're both fantastic.

 

[Eric Silva 2.0]

He's a Bitcoin Maxi who believes in its "fix the money, fix the world" philosophy (I do as well to a degree, but have absolutely zero interest in convincing anybody), and people damn near treat these assets like team sports. I have never felt any need to choose just one and disregard the other. I have a preference for hard assets in general, and they're both fantastic.

"I have a preference for hard assets in general and they're both fantastic."

Me too. I am a gold bug for about 25 years now. Because of my relationship with gold, I got into crypto pretty early (2016). For many years there just seemed to be a lack of understanding of our economic system and it's weakness. I've always considered gold (and silver) to be a central part of any portfolio and bitcoin (and other crypto) was a more speculative play on hard assets. Now that bitcoin has matured, I consider it less speculative.

 

[Rob Battisti]

I thought you hated gold? I've been talking about gold on these boards for a few years (and crypto). Most in the War Room never understood the reason for either. At least in Mayberry, you have a group involved in crypto. It's interesting to me now that gold has risen to the top of investments, people seem to be starting to understand there are cracks in the financial system. There is nothing really either party can do at this point. I've talked about 'Economic Zugzwang' in previous threads. I don't see some of the same characters around like Jack Savage. I remember how dismissive he was of gold. I wonder if he and others still feel the same way.

Some gold. Not a lot compared to Bitcoin