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I forgot to mention, eventually Bitcoin wallets will be regularly hacked/lost.
In 2020 alone:
-Decentralized apps running on the Ethereum platform had 47 attacks (current value $437 million)
-Cryptocurrency exchanges had 28 attacks (current value $300 million in losses)
-27 attacks on blockchain wallets
https://techcrunch.com/2021/03/16/5-7m-stolen-in-roll-crypto-heist-after-hot-wallet-hacked/
https://www.zdnet.com/article/billions-were-stolen-in-blockchain-hacks-in-2020/
Not me, totally against it, none tangible, cannot barter with, too volatile, and without power or the internet, worthless.
Not to say money can't be made if you have the intestinal fortitude to speculate and trade it, but no thanks. Call me old fashioned, but I'll just keep stacking my PM's that have proven to be a store of value for over 5000 years, and of course my trusty producers with assets.
Got it.
Why would I voluntarily vote to dilute my shares for nothing in return, when retail ALWAYS comes last and more times then not, are the ones that get the shaft. Retails vote doesn't matter anyways, if the company and board want something, it will invariably be passed.
When is the 10k due to be filed?
It looks like the usual suspects New York NYMEX and Hong Kong are both allowing the spot to climb yesterday and today.... finally covering?
Thanks for the video, Lots of truth sprinkled throughout, but clones, anti gravity, free energy, teleportation? 800 Trillion confiscated for the desperately needed "6" Trillion to cover the farmer claims class action lawsuit? 300 Trillion bribe to Bush family? banks afraid of failing to "pass a fake" stress test (how do you not pass a fake stress test)? For me, lots of holes, too many unverifyable Trillions/Quadrillions thrown in for effect, along with all the tin foil hat stuff tossed in to comprehend or verify.
My main question is:
Was the honest Joe Biden replaced with a clone? And when?
Yeah, I saw that it had been delayed (kicked the can down the road) a couple times in the past, gotta protect the banksters ya know.
I wonder what the AISC is on that silver?
I just bought some GGGOF today for .1823, my average is considerably higher than yours.
I don't understand why they bought a seemingly marginal silver mine in New Mexico USA, (perhaps an effort to de-risk their African jurisdiction? Add silver to their portfolio?) I would have rather seen them add another mine in South Africa. There seems to be a lot of opposition among retail SH's to this acquisition.
Could you provide some information on VALX and some evidence you've come across, perhaps a copy of the letter you sent to Royal Nickel? Today the US side is trading in 4 decimal places....that is a joke for a $3 stock!
Cork, came across this in a blog today, could have already been posted here, but first I've heard of this.
"My understanding is that basel III rules will change as of June 1 2021 such that people holding paper contracts that are short for gold have to have the physical to back up their shorts. Since the commercial banks are net short and they do so without holding the paper--they will be forced out of their game after June 1. That means that most of the downward pressure on gold will evaporate."
https://www.usgoldbureau.com/news/basel-iii-and-gold
Don't you mean 1100100
Yes, I to saw it going on before the R/S, some days over 75% of volume was being hidden on the dark exchanges. After the R/S closed KRR traded normally for the first few weeks and had some nice gains with only about 20-25% of the volume being redirected to dark exchanges (IMO this was not just coincidence). As time went on though, this percentage began to climb again to the levels we were at before the split and the SP began to decline, I suspect it took a few weeks for the mm's to regain control after the split and name change, it seems they are now once again firmly entrenched. The R/S split and lower float was supposed to put a stop to this manipulation and add institutional ownership, I've seen no proof of either. Paul Huet as CEO has got to know who the guilty parties are...he may even be directing them.
I didn't know Rhodium was the only PM without an ETF vehicle in place, 24,000/oz..... makes perfect sense.
Closing right at the lows of Friday's stellar ER, right where the manipulators wanted it all along, they won't even leave a penny on the table, there will be no gains allowed for positive news or ER's....never has been in almost 3 years, after all that has transpired, still trading like a lowly penny stock. I gave up 80% of my shares for this R/S and we are still trading at that same level, we can't even gain a few pennies for the extra 30 million in cash since then. I would much rather have all my shares back and be fighting for every penny than to be at 3.44 minus 80% of my shares still fighting for that same penny, this continued SP suppression has become beyond ridiculous! This company has a fiduciary responsibility to it's shareholders and has failed to rein in it's mm's or support the share price in a meaningful manner with the buyback program.
New York NYMEX and Hong Kong are the ones knocking it down every day and night.
That would mean the sheep, I mean American's uniting and standing together, doing the right thing for the good of the Nation, ha,ha, that is soooo 20th century, ain't gonna happen!
Karora Announces 2020 Results Including Record Annual Net Earnings of $88 Million, 2020 AISC Cost Guidance Beat, Along With Record Low 4Q20 AISC of US$912 per ounce
https://www.karoraresources.com/2021-03-19-Karora-Announces-2020-Results-Including-Record-Annual-Net-Earnings-of-88-Million-2020-AISC-Cost-Guidance-Beat-Along-With-Record-Low-4Q20-AISC-of-US-912-per-ounce
I'm not a pothead, don't do pot stocks, want nothing to do with it.
Cork, It will definitely close better than I thought it would!
Highly doubt it, the 10Y yield is up another 100 basis points to 1.74 and the dollar regained all it's losses (450 basis points) from yesterday's FOMC jawboning.
TPTB are preparing for the great reset, ushering in a global digital currency. For now they need to print all they can, buying up all the assets they can, before the final destruction of the dollar, their plan is to own it ALL. They have been planning this since 1913 when, in the dead of night, Democrat Woodrow Wilson signed the Federal Reserve Act into law.
In WW's later years, he rightfully so, deeply regretted doing this.
John, you need a new calculator.
Cork, 1 trillion dollar bills stacked flat would be a stack 67,866 miles high! and all these clowns have to do is type a few digits into a computer.
Well, it wasn't the earth shattering news I was hoping for...
Another acquisition in New Mexico of all places, so in the near term, it looks like more waiting, at a lower price.
Galane Gold Ltd. Announces Proposed Acquisition of the Summit Mine in New Mexico; C$9.0 Million Private Placement With Lead Order From Palisades Goldcorp
https://stockhouse.com/news/press-releases/2021/03/16/galane-gold-ltd-announces-proposed-acquisition-of-the-summit-mine-in-new-mexico
Cork, Galane Gold Halted this morning, still halted @ 3pm.
Galane Gold (GGGOF) (GG) doesn't have a history of trading halts, a full day halt is very unusual, could be big news!
India to reportedly propose cryptocurrency ban, penalizing miners and traders
Here it comes....
https://www.cnbc.com/2021/03/15/india-plans-cryptocurrency-ban-will-penalize-miners-and-traders.html
About That Inflation Problem....
From: Karl Denninger
Jimmy Carter was famous for his cardigan-sweater talks while imploring people to set their thermostats to 65F in the winter. I remember it well.
For a huge number of people that wasn't a necessary request; inflation was high enough that people could not afford to run their heat at a higher level. The bill from doing so was simply beyond their ability to pay.
Plenty of people blame Carter for all of this, but in fact Carter wasn't nearly so much to blame as put forward. Shall we recall that Nixon literally assaulted Fed President Burns during his tenure because Burns was not doing as Nixon wanted with monetary policy?
We continue to believe in the face of evidence to the contrary that is unbroken and has occurred every single time that running large deficits is not only sustainable whenever it seems to falter we should do more of it. The latest insult of an alleged $1.9 trillion "for the people" is anything but; only about 10% of that money will wind up in your pocket. The rest will grease the "betters" palms in one form or another across both failed US State Governments that have done stupid things for decades and their pals.
That this will blow up in our face is a certainty. That Biden "caused" it, which he will get blamed for, is actually true but not while he was President; in fact it was while he was VP that the largest seed of this disaster was sown after 2008. Then Trump came along and made it worse.
Of course Biden hasn't pulled back from it, so he certainly deserves what he gets when it comes, as does everyone else involved. But make no mistake folks; this is not a singular event nor does it rest with one group of politicians over another. Indeed, the problem with the "2% inflation" theme that The Fed likes to run is that not only is it illegal unless it is evenly distributed, and it never is, someone gets ****ed.
Why is it illegal? Because someone will get ****ed. Congress actually mandated stable prices in the Federal Reserve Act and has never changed that.
But -- nobody goes to jail.
The difference between the sort of inflation we saw in the 1970s and early 1980s is that lots of people get very poor, but if you get through it and survive economically, you might do ok. Just don't need that which you think you accumulated during the interim or suck-starting a shotgun will look awfully attractive.
The problem with thinking it will all be ok is that right beyond the point where we were that last time is the mass use of gallows and other very unpleasant things. Nations that go over that knee-point, and nobody knows exactly where the point of no return is, suffer failure of their civil institutions. Roving gangs terrorize neighborhoods -- not just with drug dealers shooting it out but various acts of not-so-random violence including mass-arsons, "death squads" and similar. The history books are littered with examples and often serious sectarian violence that borders on or winds up being an effective civil war are part and parcel of the outcome and blowback as well.
Attempting to "hide" from such via various investment strategies is not only stupid it is to promote the failure as an active co-conspirator. Why? Because it cannot work; if you have a stack of gold and I have a chicken when you get hungry enough the price of the chicken is the entire stack of gold, not one coin. Thus you will eventually either kill me or I will kill you; the entire premise of an orderly civil society is, at that point, gone. To think you can hide from this is to shirk your actual civic responsibility to prevent it from happening in the first place.
Pray we only get a Jimmy Carter style outcome. Given the scale this time around, however, odds are it is likely to be much worse.
What I see all around me, in both the government and civilian sector, is people gleefully spraying gasoline on everything in the belief that there will never be someone with a match, or even a lightning strike that burns it all to the ground.
That's a fool's game folks, yet how many are speaking against it -- or doing something even more-forceful, despite all of it being black-letter illegal?
Nobody.
https://market-ticker.org/akcs-www?post=241755
Well that can't be allowed to stand!
It is what it is, hopefully we here at M+M can benefit with a PM rebound. So far gold's pitiful rebound is being artificially capped at 1725, probably knocked back below 1720 before close.
Wasn't thinking in those terms, but very apropos.
House Passes $1.9 Trillion Stimulus; Next Stop, Biden's Desk
Gold catching a bid, hopefully much more after biden signs into law.
https://www.zerohedge.com/political/stimulus
An age old adage that should be heeded in today's times:
"Just because you can, doesn't necessarily mean you should"
Cork, That's all the last 20 years has been about, is erasing the 20th century era lifelong norms. It's been nonstop, history erasing change, coming like a freight train, IMO this rate of change, (many times merely for the sake of change), is unsustainable and will not end well, I am planning accordingly.
smr4u, Yes it was, I check in with Karl D. daily at https://market-ticker.org/ , he is a very smart, well rounded author that takes no BS and backs up everything he writes, most times with the gov/authorities own words and numbers, furthermore, he has a great following in the comment section as well. I've been reading his stuff for over 10 years now, he along with most of his supporters in the comment section plus countless links have set me straight on many issues over those years.
It may be a bad bet, and I may be off a few years, as you can never put a date to it, but at this point I choose to hope for the best, but am preparing for the worst, unlike the vast majority of head in the sand optimists.
srm4u, This is the article I read back in 2016 among others, that alerted me to this untenable eventuality regarding Medicare, and this situation has parabolically worsened since then with the covid 19 economic/fiscal overreaction.
https://dailyreckoning.com/simple-math-shows-america-is-headed-for-an-economic-disaster/
I don't think it is that easy, that is why I said "the way it is structured", there are huge issues with using that money for something else.