question about investing

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  1. #46
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    I'm going to purchase some gold and silver here soon. Is it worth paying the extra for coins or would it be better to stick to bars?

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    Quote Originally Posted by Multislacking View Post
    JUST IN - NY Federal Reserve now sees inflation at 5.2% in one year, 4% in three years; a series high with "large expected price rises" in food, rent, and medical costs.
    You know what pisaes me off about all this? Us meatheads saw this and called it a few months ago and they told us we were wrong. How can a fed chair be so wrong? This is his field. We're screwed guys. I have a decent stack of cash but what will it be worth next year? We own silver and gold but not a lot. We're seriously thinking about buying maybe 50k in gold and have it on hand.

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    Quote Originally Posted by bigtime916 View Post
    You know what pisaes me off about all this? Us meatheads saw this and called it a few months ago and they told us we were wrong. How can a fed chair be so wrong? This is his field. We're screwed guys. I have a decent stack of cash but what will it be worth next year? We own silver and gold but not a lot. We're seriously thinking about buying maybe 50k in gold and have it on hand.

    I lost your address...can you PM it to me again? Thanks, bro.

  4. #49
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    Core consumer price index up only .1% last month.

    Take what you will from it, inflation is not that big a deal so far.

    And for those that say it's worse or will get worse I have been hearing that all year. Until it does rise, it really hasn't.

    Not saying it won't, just saying so far the predictions are wrong.

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    Quote Originally Posted by Skip Foursome View Post
    Core consumer price index up only .1% last month.

    Take what you will from it, inflation is not that big a deal so far.

    And for those that say it's worse or will get worse I have been hearing that all year. Until it does rise, it really hasn't.

    Not saying it won't, just saying so far the predictions are wrong.
    Targeted market manipulation? Core cpi excludes food and energy, which is mainly what everyone is complaining about. It's kind of like the guy talking the other day and saying grocery prices weren't up that much as long as you exclude beef, poultry, and pork. It would be like a dying person saying they're doing really good, if you exclude the stage 4 cancer.

    And again, this is a global issue. UK is complaining about skyrocketing energy costs. IIRC home energy costs were up 400% in places.

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  7. #52
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    Quote Originally Posted by Skip Foursome View Post
    Core consumer price index up only .1% last month.

    Take what you will from it, inflation is not that big a deal so far.

    And for those that say it's worse or will get worse I have been hearing that all year. Until it does rise, it really hasn't.

    Not saying it won't, just saying so far the predictions are wrong.
    You really believe that? The market is down 400 points right now. How long can we keep this all up? People have to now pay rent and the house payment.

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    Quote Originally Posted by bigtime916 View Post
    You really believe that? The market is down 400 points right now. How long can we keep this all up? People have to now pay rent and the house payment.

    Pay rent and house payment? Not sure I understand.

    The market goes up and goes down. Never try and measure success or market trends in a day or week or even by the month.

    Just like building muscle in the gym. It's a marathon, not a sprint.

    And yes, I have 20-25 sticks and a few ETFs. I follow them closely, been in the market nearly 40 years.

    If the here and now freaks people out, then get out. I'm staying in.

  9. #54
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    Quote Originally Posted by stinkfingerdelux View Post
    Ummmm.... Let us know if that gets sourced. I'm wondering if individual or entity. Isn't there still an insane amount out there from the old silk road days?

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    Quote Originally Posted by bigtime916 View Post
    You really believe that? The market is down 400 points right now. How long can we keep this all up? People have to now pay rent and the house payment.
    Rents are still being covered by ERAP. They go back as far as April 2020 and if you qualify they pay your utilities also. I have been following the rental market for over 30 years and never have I seen this much rental assistance. Its an insane amount of $$$

    All posts are for entertainment and may contain fiction. Consult a medical doctor before using any medications or supplements. Heavyiron does not advocate any illegal activity.
    Read the Rules Please

  11. #56
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    Quote Originally Posted by Multislacking View Post
    Ummmm.... Let us know if that gets sourced. I'm wondering if individual or entity. Isn't there still an insane amount out there from the old silk road days?
    If I recall correctly there was 40 some billion missing in funds but I thought that had been seized recently from the silk road incident. Time to start digging around.
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    Quote Originally Posted by stinkfingerdelux View Post
    If I recall correctly there was 40 some billion missing in funds but I thought that had been seized recently from the silk road incident. Time to start digging around.
    I remember an article a little while back where they seized like 1-2 billion that they tried to move. They literally know the wallets and are watching them, so it was a mistake to try anything. Can you imagine holding billions that you can't do anything with?

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    Quote Originally Posted by Multislacking View Post
    I remember an article a little while back where they seized like 1-2 billion that they tried to move. They literally know the wallets and are watching them, so it was a mistake to try anything. Can you imagine holding billions that you can't do anything with?

    Imagine in my case having an empty wallet and not being able to do anything with it....sigh...

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    Quote Originally Posted by CowboyPump77 View Post
    Imagine in my case having an empty wallet and not being able to do anything with it....sigh...
    Put a condom in it. It will make you feel better about the possibilities.

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    Quote Originally Posted by Multislacking View Post
    We've already seen Agenda 21 being pushed hard and heavy. Biden was spouting "climate change" all over the recent hurricane damage. Words like "too late" and "already living in it" etc, etc. Agenda 21 will be the next plandemic. Oil will probably only have one last big hoorah before they try to regulate it out of existence. Look for plastics to change significantly so the oil guys can stay in business.
    Hate to say I'm glad to see agenda 21 is still around as a plan. But I read majority of what I could from a downloaded pdf I copped online. And this was let's say 2008 or so. Years back.
    My major recollection of the aganeda. Is sustainabilty. Spearheading a futopia by some Jaques insert frenchie name. A new type of society. Seemed very communist. Its a waste to have free markets n vendors selling useless things that end up in dumpsters. So the state would aquire land and materials. Divy them out where saw put and the end user would receive a rationed off portion of what's been created for the civilization. Whacky shit. The end of housing markets. Everyone in skyscraper apartments type vision they gave off.
    Soon to be soylent green. But who doesn't love cheeze it's.
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