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Originally posted by biglentil View PostThis tweet from the author of "Rich Dad Poor Dad" . Errol what do you think? I know you hate gold are we getting close to the time to buy gold?
And will become more so once the USD fiat hegemony is broken.
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Originally posted by jazz View PostYou already own gold in your farm land. Far more valuable.
And will become more so once the USD fiat hegemony is broken.
If not tell me what will you accept for your grain when banks and the dollar are defunct?Last edited by biglentil; Mar 13, 2023, 11:39.
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Originally posted by biglentil View PostIf not tell me what will you accept for your grain when banks and the dollar are defunct?
Govt is gonna have to rewrite the dominion lands act of 1872 to get that home quarter out of your hands.
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Originally posted by jazz View PostBetter question, what will the starving hordes be using to buy with.
Govt is gonna have to rewrite the dominion lands act of 1872 to get that home quarter out of your hands.
Yes the Sask homestead protection act does protect your home quarter in the event of a bankruptcy if those rights have not been signed away.
During Weimer Germany's hyperinflationary period they used pm's, old jewelry, French Francs and other foreign currency. Most every household had a garden and people were generally much more self sufficient than today. There might not be the life raft of foreign currency in a world of fiat this time around. In Venezuela today trading in gold flakes is very common with most every little shop having a small scale.
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You can hear what Biden secretly thinks is happening.
https://twitter.com/okeefe_reborn/st...61101494636548
Weird how Biden sounds coherent during a secret recording. Real or AI fakery. Who knows.Last edited by jazz; Mar 13, 2023, 13:29.
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I don't understand the fascination with Gold, especially the physical; however, any investment should be considered relative to alternatives.
We can argue that there is no alternative to Gold, but I won't engage in a debate on this forum.
Of course, there is a lot of chatter about banks, gold and cryptocurrencies.
I prefer the utility of Bitcoin to Gold and pay little attention to the other cryptos.
This BTC/Gold chart is an updated version of what has likely been previously presented on Agriville. It was published in one of my newsletters.
A background:
Buddy is a bit of a gold bug and invests in the physical.
On October 27, 2021, he asked if he should own BTC or Gold.
I presented this chart showing my Own BTC/ Own Gold Levels.
At that time, the green line I where I would decide to own one or the other.
The green line represented the level where I anticipated one would outperform the other.
Since then, Gold has outperformed BTC.
The charts below demonstrate why it is prudent to understand your timeframe and not fall in love with your investment thesis.
Bitcoin has outperformed Gold since its inception; however, it has not been in a straight line.
Will that continue?
Maybe
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Originally posted by biglentil View PostThis tweet from the author of "Rich Dad Poor Dad" . Errol what do you think? I know you hate gold are we getting close to the time to buy gold?
[ATTACH]12159[/ATTACH]
King oil may get crushed. King corn will be a drag on the grain markets heading into weather season.
Can I say arrogance and The Fed in the same sentence? Is the Fed actually going to hike rates now? Inflation is not the problem, rising out-of-control debt loads are the problem. Raising rates makes this situation worse. And the Fed is made up of about 1,000 PhDs. Good grief . . . .
And this stock market rescue plan is nothing but a load-of-crap. The bear market realistically hasn’t even started yet, but media tells us it’s already over. The banking industry is in serious trouble, (no matter how it is masked) and the Fed is making it worse.
A year from now, there may be many corporate carcasses to bury, but refreshing new names on block buying companies pennies-on-the-dollar.
My apologies for sounding so cranky, but this situation is getting worse because those in-control will not look in the mirror at-reality.Last edited by errolanderson; Mar 13, 2023, 16:17.
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the difference between owning gold/silver and land in my mind is that metals may be have edge in inflation but you only get one chance to sell it, then it is gone. Land is a producing asset that will always keep producing something. Governemts can take land away and they can also make personal gold illegal. i don't know what the answer is but it is always better to have some money than to not have any money. been through that before, don't really want to do it again.
Economists are put on earth to make weather forecasters look good...
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errol, the big banks are going to be a buy here somewhere. All the deposits that got out of SVB et al, and all the ones that will be covered by the fed will now be moving to Chase and JPM etc. who are much better capitalized.
People also took their deposits and put them in stocks and crypto and gold miners today.
Takes a lot of pain before people go to the mattress.
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Originally posted by furrowtickler View Post
Time will tell
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Originally posted by zeefarmer View PostSo hitting the postharvest highs in wheat and durum and post Christmas highs in canola wasn't as good an idea as I hoped. Bins are empty....
Go read the wheat thread that just got started, Poster's are hoping for somewhere else in the world to suffer major hardships in order to get a second chance at record wheat prices.
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