Okay, I’ll bite: “A banana republic, if you can keep it.”

Smith1776 wrote: Been getting really into zombie apocalypse games and movies lately. Throw me some suggestions if you have any.

Lighthearted: Zombieland

Not-so-lighthearted: 28 Days Later

dualstow wrote: ↑Mon Jun 26, 2023 2:46 pm Peaches & Haerosmith - "Shake Your Dude Thing"

https://youtu.be/ZlnVBxv_6ec

Whoah, every mash-up on that YouTube channel is genius! Here’s another gem:

James Hetfield and the News - "Hip to Be the Sandman"

Smith1776 wrote: ↑Sat Jun 24, 2023 3:35 am I just finished watching Mad Max for the first time ever.

I honestly don’t get the hype. The movie was very meh to me.

Mad Max: Fury Road > Mad Mad 2 (The Road Warrior) > Mad Max.

And before Michelle Makori, the previous editor-in-chief and lead anchor for Kitco was Daniela Cambone:



I'm sensing a pattern here...

I dunno if these numbers are true, that Stanfords endowment went from 30 billion in 2020 to 75B, but in any event it explains the glee with which universities forced the jabs into 18 year olds https://www.visualcapitalist.com/worlds-top-endowment-funds/ Not sure I follow. I assumed that since the j...

dualstow wrote: ↑Fri May 19, 2023 6:58 am

Doesn’t shine when it should

— totally agree, Barrett.

I think you’re talking about the sad trombone sound.
I like that, but I prefer the Price is Right Fail - https://youtu.be/_asNhzXq72w

Those are both classics. The Curb Your Enthusiasm melody is another great one for fails.

You find this from the recommended books on investing to read like it was AI created? All reads to me as if it were written by a unique human being. As I already stated in my previous comment, “The short intro prose before the list may have been written by a human, but the lists themselves could ea...

dualstow wrote: ↑Mon May 08, 2023 8:42 pm May as well get used to A.I.-created content. It’s going to be everywhere.

I’m fine with AI-generated content as long as proper attribution is given. For example, “Powered by GPT-4” or “Some of the content on this site was generated using GPT-4” at the bottom of the web page.

Was it written by AI? I'd rate it extremely unlikely. You can go there and judge for yourself but I don't think AI is capable of creating a list of 50+ investing books to read broken down into four categories. All in all a highly impressive web site, packed with useful information. Sounds like exac...

dualstow wrote: ↑Thu May 04, 2023 11:58 am 2060 futures
2050+ spot price (AJPM)
1PM EST

For the first time in a long while, gold is the best-performing asset YTD in the PP. It's even beating LASAGNE!

The only thing Roche doesn't address here is the possibility of a default in the next few months due to the debt ceiling circular firing squad antics in Congress. Because of that I'm going to wait to pull the trigger on locking in some high yields with a T Bill ladder until after the clown car has ...

If you have the ability to see currency prices, I like to use the XAUUSD ticker for spot price. It feels like the right way to think about the price of gold. It is just the currency conversion from real money to USD 8) The iPhone stocks app doesn't find that ticker symbol, but I did find an interes...

Sorry, dualstow, I didn’t mean to be “that guy” and get nit-picky about something silly. So I retract my original question, which created quite a long tangent. :) Like you, I typically use GC=F ticker as a rough proxy of the gold spot price since that’s the closest thing I can find on my stocks app....

Yup. Sorry, dualstow -- gold spot is still below $2000. You're looking at the gold futures price for June.

(Edit: Strangely, GC=F displays as "June 23" for me, but in Smithers' screenshot it says "April 23". Not sure why.)

Saw this little container thingy at the hardware store the other day… thought to myself it would make a cool little gold bullion storage case. So I bought it! 58B37611-E940-4D03-926B-A3D92507A590.jpeg 6E865275-19FA-47DC-86BD-F1DD8D50865F.jpeg I just bought one of these online yesterday after rememb...

dualstow wrote: ↑Mon Apr 03, 2023 1:21 pm2000

Which ticker symbol or web site do you use to get the gold spot price?

I checked www.goldprice.com and www.kitco.com just now, and both list gold spot of about $1984.

Ditto to what Mark said: No shame in taking a time-out with your investing if things don't feel right or don't make sense. In fact, that's exactly what Harry Browne recommended in Fail-Safe Investing in Rule #9 ("Do only what you understand") and Rule #17 ("Whenever you're in doubt, e...

Are you suggesting that institutionalized fraud in the banking system should be tolerated because bank runs are uncommon? If so, that's a rather strange argument since civilized societies generally consider fraud to be illegal, unethical, and not to be tolerated. How is it fraud? Did a bank ever te...

What is usual longest term CD? Five years? Under your scenario how would banks finance house mortgages? In finance, I think this problem is called cashflow matching . Basically, one way to do it would be to take a pool of 5-year CDs with staggered maturities and match it with a pool of 30-year mort...

The whole reason why bank runs destroy banks is because of the institutionalized fraud. It makes the banks fundamentally fragile and unstable. If bank loans were legally limited to time deposits (CDs) as they should be, bank runs would not destroy banks. Not sure how this would fix anything. AFAIK,...

You might have a solution looking for a problem. Or at least a problem big enough for the juice to be worth the squeeze of a radical departure from modern fractional banking. Bank runs are not that common in the US, especially if you exclude the Great Depression and the 2008 financial crisis. Here ...

All you say seems logical and consistent. But it would certainly be a radical dramatic change in the banking industry if your proposals were adopted. Definitely. But it's a necessary change, IMO. The whole reason why bank runs destroy banks is because of the institutionalized fraud. It makes the ba...

Therefore under your proposal [the bank would] only be allowed to loan out the portion of the [deposits] that is CDs? Correct. That would certainly be a drastic reduction in how much they'd be able to loan (and a reduction in profits). What do you suggest they do (invest?) with the money that you b...

Yeah, very few individuals want to handle and store large amounts of physical cash. So I think most people use bank checking accounts mainly for convenience: Debit card transactions, direct deposit, check-writing, online banking, etc. And I agree with boglerdude that that convenience should come wit...