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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: carranza2 who wrote (160497)	7/24/2020 6:14:26 AM
From: TobagoJack	1 Recommendation Recommended By marcher Respond to of 217906

:0) gold unites us We are now 9$ from 1,900 some stories ... (1) I went drinking at Wanchai bar w/ friends circa 1984 and decided I cannot hang on to cash. I decided and started to save in gold coins. The problem w/ gold is that there is no such thing as enough, or too much. Only too little and not enough. (2) In 2009 May-ish I bought 1,000 panda coins at one go @ ~1,000 per coin, circa 2009 mintage, when the world was in panic and banks allowed no more than 20 coins per customer per day. A buddy wished to buy that quantity and was not in town. I had the contact from the panda global distributor, and helped my friend. My friend was to pay me upon arriving in HK and as the collateral was more than good, I went to the distributor w/ an empty aluminium roller case. I thought I could safely and easily roll the case in broad daylight from the distributor to the bank vault, about a 15 min walk normally. There was a very gentle incline at the exit of the high-rise within which the distributor had its simple office. As I exited the building, I had to fight the roller case that was gaining momentum and I losing control. I realised I needed to use a taxi for the 5-min ride. I. realised I cannot ask the driver to help w/ loading the case into the boot, for that package size and the weight can only mean one thing, metal was inside. I did the heavy lifting that nearly broke me. Never offered to help ever again. My friend showed up eventually together w/ his wife. The wife thought we boyz were crazy. I thought my friend was nut showing up with his wife to a gold party. Conclusions, (i) when an imperative, gold goes UNOBTAINIUM, like parachutes (ii) gold is NOT-PORTABLE, (iii) gold and SPOUSE should be kept separate (my friend had gotten divorced a few years ago) (iv) gold is INFINITELY-DIVISIBLE, especially if in convenient coin format (v) the new gold bull is young, I sense, as no one has asked for help Message 27622970 (the official distributor in any case no longer sell direct) (vi) collecting panda coins of current years work @ the 3-3.5% premium over spot, as the premium improves year after year, whatever the spot apmex.com (3) Grandfather Eugene's friend T.V. Soong en.wikipedia.org (brother of the Soong sisters en.wikipedia.org of the Soong Dynasty amazon.com ) was one time finance minister of the young Republic (as opposed to the later People's Republic) and had to abandon the China silver standard even as gold standard dream of the last (Qing) Dynasty was never to be en.wikipedia.org Did a search on Eugene and Gold Standard and only came up w/ books.google.co.za Search on Eugene and T.V. Soong came up w/ hpcbristol.net , something about girls and picnics (4) From Armstrong ... ask-socrates.com Gold into July Yesterday was a target for a potential high. Exceeding that high will allow gold to rise perhaps into next week where volatility should rise. A break of yesterday's low will warn we have had a temporary high in place for now. The major overhead resistance stands at 1920 and 1976. Keep in mind that gold is by no means rising because of the quantity of money nor the threat of hyperinflation. We gave a very serious threat of DEFLATION which will be the capitulation of sovereign debt. The European summit revealed that the clash in fiscal philosophy among the EU member states still exists. This will be the source of a serious crack in confidence in governments as a whole. Big Bang began 2015.75 which was the peak in confidence in the government which came one year after the European Central Bank adopted NEGATIVE INTEREST RATES in 2014. The next year we had BREXIT and then we had the Trump election in 2016. Politics has become extremely TOXIC post-2016 and we have crossed the line moving toward anarchy, chaos, and ultimately the break up of Western society between primarily left v right which will lead to the financial capital of the world moving to China. Keep in mind that gold is rising WITH the stock market - it is NOT the alternative! We are facing a collapse in government debt. Global debt across all sectors rose by over $10 trillion in 2019, reaching $255 trillion. That is over 322% of world GDP! If we look at global debt, is has exploded and is now 40% ($87 trillion) above that of the 2008 financial crisis. Governments have destroyed the debt system by this exaggerated response to this concocted COVID-19 pandemic. When you realize that state and municipal levels of government cannot print money like the federal governments, the wholesale crisis in sovereign debt will begin to make headlines next year as we enter this Monetary Crisis Cycle. It is not hyperinflation but the collapse of debt which will be DEFALTIONARY which is why the smart money is moving from PUBLIC to PRIVATE sector investments.