Search found 2751 matches
- Tue Apr 04, 2023 1:05 pm
- Forum: Gold
- Topic: The GOLD scream room
- Replies: 3693
- Views: 1770230
Re: The GOLD scream room
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....
- Mon Apr 03, 2023 3:16 pm
- Forum: Gold
- Topic: The GOLD scream room
- Replies: 3693
- Views: 1770230
Re: The GOLD scream room
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.)
(Edit: Strangely, GC=F displays as "June 23" for me, but in Smithers' screenshot it says "April 23". Not sure why.)
- Mon Apr 03, 2023 1:56 pm
- Forum: Other Discussions
- Topic: Daily "Check In" Thread For Us
- Replies: 2302
- Views: 1415299
Re: New Gold Case
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...
- Mon Apr 03, 2023 1:38 pm
- Forum: Gold
- Topic: The GOLD scream room
- Replies: 3693
- Views: 1770230
Re: The GOLD scream room
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.
- Thu Mar 23, 2023 1:30 am
- Forum: Permanent Portfolio Discussion
- Topic: I'M OUT!
- Replies: 64
- Views: 77554
Re: I'M OUT!
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...
- Mon Mar 20, 2023 5:56 pm
- Forum: Other Discussions
- Topic: Silicon Valley Bank Failure
- Replies: 130
- Views: 482624
Re: Silicon Valley Bank Failure
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...
- Mon Mar 20, 2023 5:28 pm
- Forum: Other Discussions
- Topic: Silicon Valley Bank Failure
- Replies: 130
- Views: 482624
Re: Silicon Valley Bank Failure
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...
- Mon Mar 20, 2023 4:20 pm
- Forum: Other Discussions
- Topic: Silicon Valley Bank Failure
- Replies: 130
- Views: 482624
Re: Silicon Valley Bank Failure
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,...
- Mon Mar 20, 2023 3:49 pm
- Forum: Other Discussions
- Topic: Silicon Valley Bank Failure
- Replies: 130
- Views: 482624
Re: Silicon Valley Bank Failure
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 ...
- Mon Mar 20, 2023 1:37 pm
- Forum: Other Discussions
- Topic: Silicon Valley Bank Failure
- Replies: 130
- Views: 482624
Re: Silicon Valley Bank Failure
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...
- Mon Mar 20, 2023 12:37 pm
- Forum: Other Discussions
- Topic: Silicon Valley Bank Failure
- Replies: 130
- Views: 482624
Re: Silicon Valley Bank Failure
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...
- Sun Mar 19, 2023 5:22 pm
- Forum: Other Discussions
- Topic: Silicon Valley Bank Failure
- Replies: 130
- Views: 482624
Re: Silicon Valley Bank Failure
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...
- Fri Mar 10, 2023 2:49 am
- Forum: Politics
- Topic: Jan 6 footage on Tucker
- Replies: 35
- Views: 49236
Re: Jan 6 footage on Tucker
For what it’s worth, Carlson correctly said the five US congressmen in 1954 were shot; he didn’t say killed.
Here is the timestamped video clip:
https://youtu.be/HPg9N_HiLMg?t=350s
Here is the timestamped video clip:
https://youtu.be/HPg9N_HiLMg?t=350s
- Tue Feb 21, 2023 12:12 am
- Forum: Other Discussions
- Topic: The Meme Thread
- Replies: 279
- Views: 253716
- Sun Feb 05, 2023 11:55 am
- Forum: Gold
- Topic: Safe deposit boxes: Revisited
- Replies: 27
- Views: 10176
- Thu Feb 02, 2023 12:25 pm
- Forum: Politics
- Topic: The Left is Eating Itself Pt. II
- Replies: 850
- Views: 465312
Re: The Left is Eating Itself Pt. II
So while on the one hand, being pro-business and anti-government intervention is a very conservative trait, what happens when private business like Monsanto and Syngenta are adultering the food supply in ways that are destructive to consumers? The Ayn Rand libertarian answer would be for consumers ...
- Sun Jan 29, 2023 11:02 pm
- Forum: Other Discussions
- Topic: Isn't there an Avatar Thread?
- Replies: 220
- Views: 198531
- Fri Jan 27, 2023 11:39 am
- Forum: Other Discussions
- Topic: Coronavirus General Discussion
- Replies: 5196
- Views: 2109944
Re: Coronavirus General Discussion
The California Department of Public Health still requires masks in "healthcare settings, long-term care settings, and adult and senior care facilities". And therefore my dutifully compliant county department of public health requires them also. My dentist and all of his staff and patients ...
- Fri Jan 27, 2023 11:16 am
- Forum: Permanent Portfolio Discussion
- Topic: 2022 Returns
- Replies: 44
- Views: 27700
Re: 2022 Returns
2022 was the only year since 1989 that had negative returns for both equities and bonds. Equity and Bond Scatter Plot.png Interesting chart, thanks Mark! I found a similar one on this page that goes back even farther, to 1929. The only years since 1929 in which stocks and bonds both had a negative ...
Re: Silver
Whoa. That one I have to try. Hard to believe. ~80% ! I tried downloading the research paper linked on the website "heads.pdf" but got a dead link and couldn't fiind it on the web. If anyone has the paper... They may have been referring to this paper by Diaconis. This seems to be the rele...
Re: Silver
Next time you flip a coin for something, instead of the more usual heads or tails call, call "obverse or reverse" ... and then claim you've won as most wont know the difference. Or, instead of flipping the coin, spin it on its edge. A new penny that's spun on its edge will land with tails...
- Mon Jan 09, 2023 1:20 pm
- Forum: Other Discussions
- Topic: ChatGPT and what it means for our future
- Replies: 135
- Views: 57543
Re: ChatGPT and what it means for our future
One of the best Black Mirror episodes ("Be Right Back", S2E1) explored this concept in the context of AI imitating a dead loved one by training on their digital footprint. It was rather creepy. Hard to believe that episode aired 10 years ago...
- Wed Dec 21, 2022 12:55 pm
- Forum: Politics
- Topic: Putin Invades Ukraine II
- Replies: 1173
- Views: 1055190
Re: Putin Invades Ukraine II
The Soviets launched significant attacks on Christmas (Dec 25th one) during WW2 against the Germans/Romanians/Italians/Hungarians/Bulgarians/Croats etc. They assumed a lot of the soldiers would be recovering from extra wine rations or otherwise not 100% vigilant. I think the Germans launched counte...
- Tue Dec 20, 2022 7:10 pm
- Forum: Gold
- Topic: The GOLD scream room
- Replies: 3693
- Views: 1770230
Re: The GOLD scream room
That Bullion DNA looks pretty cool -- https://www.mint.ca/en/bullion/bullion-dna -- That is pretty cool. Gold is such a great metal for that type of a security feature. I think that stamping a diffraction grating or something into the coin is a great idea. Something that you could never hope to acc...
- Tue Dec 20, 2022 2:39 pm
- Forum: Politics
- Topic: West Provokes Russia to Protect Russians in Ukraine
- Replies: 99
- Views: 208944
Re: West Provokes Russia to Protect Russians in Ukraine
And money can keep getting laundered back to crooks in the USA, probably via crypto. Weapons go to Ukraine, weapons get sold to God knows who for crypto, crypto payoffs get transferred back to US gov't officials and the shadow government, some money goes into political campaigns to keep the scam go...