Quote from: WillyAp on May 19, 2024, 11:40:25 AM

Quote from: mindrust on May 19, 2024, 11:31:22 AM

The US debt is growing exponentially and the only way to pay that much debt is printing even more debt > hyperinflation

It will be either Weimar Germany or there will be WWIII soon. I don't think the USD will go down silently and peacefully.

The USD is not going down at all, rather its the most popular commodity there is outside the US.
Only US Citizens blast the $ where ever they are. You hate what you know.

I live in a country where is was halfway forbidden to name the Dollar, still that didn't stop the people adopting the Dollar as most popular currency.
On the colombian border the peso is the adopted currency.

When you have 2 shitcoins (i.e. USD vs TRY), you going to choose the lesser of 2 evils.

That doesn't make the USD any less of a shitcoin/Ponzi...

Worth a watch: https://www.youtube.com/watch?v=OuOcnGAv4oo

Quote from: Deddyhoku on May 19, 2024, 04:46:27 PM

There are strange hype about silver in the twitter that i can't understand. Looks like nothing changed for this metal however people are buying it much more in the recent months

The green transition will increase demand for silver (it's needed in solar panels).

Quote from: mindrust on May 19, 2024, 07:39:35 PM

Quote from: Deddyhoku on May 19, 2024, 04:46:27 PM

There are strange hype about silver in the twitter that i can't understand. Looks like nothing changed for this metal however people are buying it much more in the recent months

It is underpriced af that’s why people are hoarding it. I don’t think there are many commodities that haven’t reached its last ATH recently. Silver is one of those rare assets. It hit $50 in 2011, then crashed and it hasn’t been recovered from that crash ever since.

Gold made a new ATH and went above $2400 but silver is still struggling. If you check the historical gold/silver ratios, you’ll see that either silver is cheap or gold is expensive. Since gold isn’t expensive, it means silver is cheap.

That’s a sure bet.

Sounds like the BTC vs LTC situation.

LTC is still undervalued and some people speculate an ETF is in the works...

Quote from: The Sceptical Chymist on May 20, 2024, 04:41:22 PM

Quote from: mindrust on May 19, 2024, 11:31:22 AM

The US debt is growing exponentially and the only way to pay that much debt is printing even more debt > hyperinflation

It will be either Weimar Germany or there will be WWIII soon. I don't think the USD will go down silently and peacefully.

Yep, unless there's a WWIII or the US performs some kind of financial wizardry, it seems inevitable that US citizens are going to be using Canadian dollars or Mexican pesos (or maybe euros) as their preferred currency. But somehow I have a feeling that none of those things are probable except for a war--and that's frightening.

With regard to silver and gold, I'm not sure their recent rise is tied to deteriorating economic conditions. That could be the case, but if you remember the years leading up to 2011, it was really just speculation that drove gold and silver to all-time highs (though silver had reached $50 in the 1980s because of the Hunt brothers if I'm not mistaken). That might be what's happening now, because asset prices have been rising across the board for some time now, with metals (including copper, too) lagging stocks and crypto for years.

The only way US can get out of this mess is if they manage to invent AGI or human-like robots first.

This would easily boost GDP/productivity 100 times (I'm not kidding) and make the current debt look like a joke. Back in 1971 (Nixon shock) Intel invented the very first CPU/microprocessor (Intel 4004).

Will it happen this time around? It's not very likely in the current political/social climate.

I expect AGI and/or human-like robots to come from Asia (most likely China).

Why? Because China values meritocracy, while modern America values wokeness.

If you were wondering why Intel got left behind compared to TSMC, it's because Intel started focusing heavily on diversity hires a decade ago.

This caused an exodus of top-notch engineers and an influx of PoC/purple-haired wackos.

The collective West is going to pay a huge price of its hubris... just like Russia exported hookers after USSR fell, the West will export OnlyFans thots. Grin

Quote from: mindrust on May 20, 2024, 05:12:40 PM

Gold and Silver are pricing the incoming interest rate drops. Meaning; People are increasing their positions in precious metals (and bitcoin) to front run the hyperinflation scenario which is expected to happen in the near future after the FED drops the interest rates.

We're still in 2024, it's a bit early for hyperinflation.

I expect it to begin in 2027 when China will invade Taiwan -> no more high-end microchips -> disruption in supply chains (100x worse than COVID/Ukraine) -> hyperinflation (imagine a Xiaomi phone jumping from €200 to €5000 in a single day or an RTX 4090 costing as much as a Tesla).

Quote from: mindrust on May 20, 2024, 05:12:40 PM

EURO is an abomination. As you can see above; Germany, Norway and the Netherlands are doing the hard work while the others do the leeching. If EURO was only used by Germany, Norway and the NL (and maybe France since it has some real economy), then it would be a strong af currency but not in its current state. It is crap as it is.

Norway is not in Eurozone last time I checked.

France doesn't have a real economy anymore, we don't live in the Minitel era.

They don't have cheap uranium from Africa anymore to fuel their nuclear factories, it's a declining former colonialist empire.

The euro has always been a fiat currency, it was never tied to the Gold Standard. It's all smoke & mirrors.

Regarding Germany, you have to realize that they have a huge advantage in ICEs (internal combustion engines) and they're willing to suicide by adopting the green/climate agenda of EVs.

Guess who's the leader of EVs? China. They even have a huge amount of rare earths.

The game has been in rigged by WEF in a certain way (West is destined to fall, while the East will rise). Too bad most western citizens don't realize it and they're too busy "discovering" their favorite gender/pronoun. Cheesy

Quote from: Maus0728 on May 25, 2024, 03:44:05 PM

Good for those that have brought some silver but even at their highs right now, I don't think that it's ever enough for me to convince that the prices for this precious metals going is ever going to go up anytime soon, I'm pretty sure that it won't be able to beat bitcoin anytime soon. It's not really advisable to hoard gold, silver, or any precious metals because they're difficult to store and in dire situations where there's still a government in existence, they'll definitely seize those because they're going to need to keep up the government and what better way to get money than to sell precious metals that's either from the vault of your country or seizures from the people in their domain.

Metals don't have a supply cap, unlike BTC:

https://theprint.in/opinion/giant-asteroid-has-gold-worth-700-quintillion-but-it-wont-make-us-richer/260482/