Why inflation may be worse than you think it is

[Pack Rat]

Speaking of silliness, Trump can't stay on subject. Is it dementia? Just like his Daddy!

[irvine-plumbers]

I recently had a plumbing issue at home and found that having a reliable local team makes all the difference. If anyone in Irvine is looking for trusted professionals, I can recommend checking out irvine-plumbers.com
— they’ve been really prompt and professional in my experience.

[jusplay4fun]

Speaking of silliness, Trump can't stay on subject. (...)
[/b]

corrected:

Speaking of silliness, Trump I can't stay on subject of inflation and economics.

AND I suffer from TDS, too, so please excuse my silliness.

[HitRed]

Thanks SWIFT banking.

Chart at 1:57 is interesting.

[HitRed]

What if we took the interest rate to zero and required banks to hold more reserves?

[HitRed]

May 17, 2024
Silver $31.50

Silver $45.99

[HitRed]

Silver $45.99

[riskllama]

I paid $54.18CDN for two -albeit fairly thick-pork chops, a whole chicken breast(boneless/skinless, a 600g block of cheddar, a loaf of rye bread, a litre of milk & 3 packages of ichiban noodles(not actually ichiban - some fancy Korean brand, because waayyy better, but still...outrageous.

[HitRed]

Silver $48.50

[jusplay4fun]

So far this page has the usual silliness from the biggest rat who suffers TDS and random facts posted with no context that prompts a response.

The Price of Gold:
https://goldprice.org/gold-price-history.html


The price of Silver has increased as well. NO Surprise.
https://www.bullionbypost.com/silver-pr ... ver-price/

[HitRed]

Plata $50.00

[Dukasaur]

Yuppers.

The triple whammy of record-breaking deficits, tariffs, and the assault on the independence of the Fed has people fleeing U.S. fiat at levels unseen since 1971.

[HitRed]

Dave Ramsey called gold dumb rocks.

Countries around the world for the first time in 40 years are holding more gold than US debt.

Three years ago I could NOT find a financial adviser that said hold precious metals as a % of your portfolio. Then I heard 2%, 2.5%, 5%. Last week a bank said 20%. The local college is now teaching future finance majors about precious metals.

Unaffordium? Hopefully not unobtanium.

[Dukasaur]

Yeah, I'm up to 3% gold, and only because I got a late start.

Would have liked to be 10%

[HitRed]

Housing is high, stock market is high, Bitcoin, gold, silver. Where does the value investor go?

[Dukasaur]

Housing is high, stock market is high, Bitcoin, gold, silver. Where does the value investor go?

Oil is still down, and so is natgas, both in gaseous form and in LNG. I'm still buying small-cap oil and gas stocks with PE's in the low teens.

Silver is getting expensive but hasn't peaked yet.

Utilities are a long way from peak.

Looking at the small-reactor nuclear one. Don't remember the name offhand.

There's still bargains in tech as long as you're talking small-caps.

Japan is due for a renaissance. I've been buying Japanese ETFs.

Quite honestly China is a bargain basement right now. I just can't get over my ideological hurdle so I haven't bought any. But objectively it's worth buying. Chinese fintechs, Chinese utilities, Chinese car companies, all with drool-worthy PEs.

[mookiemcgee]

This is an extremely dangerous time to be buying any stocks in China. Feels like they are on the verge of total economic collapse, consumer spending is nosediving, lending is nosediving. It's totally unclear where any growth would come from for China in the short to medium term imo. Lower lows are certainly on the horizon

[HitRed]

Housing is high, stock market is high, Bitcoin, gold, silver. Where does the value investor go?

Oil is still down, and so is natgas, both in gaseous form and in LNG. I'm still buying small-cap oil and gas stocks with PE's in the low teens.

Silver is getting expensive but hasn't peaked yet.

Utilities are a long way from peak.

Looking at the small-reactor nuclear one. Don't remember the name offhand.

There's still bargains in tech as long as you're talking small-caps.

Japan is due for a renaissance. I've been buying Japanese ETFs.

Quite honestly China is a bargain basement right now. I just can't get over my ideological hurdle so I haven't bought any. But objectively it's worth buying. Chinese fintechs, Chinese utilities, Chinese car companies, all with drool-worthy PEs.

I like oil stocks and silver.

[Pack Rat]

Trump is investing heavily in childcare. Pedophiles are jumping in on this market!

[Dukasaur]

This is an extremely dangerous time to be buying any stocks in China. Feels like they are on the verge of total economic collapse, consumer spending is nosediving, lending is nosediving. It's totally unclear where any growth would come from for China in the short to medium term imo. Lower lows are certainly on the horizon

Well, dangerous, yes. Or risky, at least.

The growth in China will come from its massive transition to robot labour. Much has been made of the fact that the Chinese labour force is aging out. But there are something like three robots built for every labourer who retires. China is far ahead of the West in the transition to Eloihood.

Will there be a roller-coaster ride along the way? Yeah, I wouldn't rule out some catastrophic events to come. But in the end, I think they'll do well.

The biggest risk is that there may be war, and the shares of Westerners may be expropriated. So investments owned by Westerners could become worthless. Anybody's guess what is the probabilty of that happening. But even if you assess that risk as 75%, it's still cheaper to buy a Chinese fintech with a PE of 8 than to buy an American fintech with a PE of 40.

[HitRed]

Bought silver today. $50.85


—-

“Post by HitRed on Fri Mar 22, 2024 9:13 pm [Silver was $24.70]

Noticed silver is very cheep.

Heard

It won’t last long. - God

”

[HitRed]

$4,300 gold

[HitRed]

Bought more silver.

[HitRed]

The new 60/40 is 60/20/20

Gold gets a big boost.

[HitRed]

38 trillion national debt

Side Note: My Hawaiian 1883 silver dime arrived today.