Member Info for jammin86

War is bad for humanity but "good for gold" because financing wars requires deficit spending and money printing

You think it'll test £2? Lol. You're just guessing!

Govt debt levels*. No idea where that word came from!

If you DCA into gold and didn't cherry pick a single entry, you'd be massively in profit.

But also, I agree that timing is important. I've waited until debt to gdp was over 100% as all prior concerns around govt debt Levenshulme were correct but premature.

Well it's fair to say they've dramatically reduced new treasury purchases and are letting past treasuries roll off

Surely the scope for a big price discrepancy is limited as people will just arbitrage otherwise

I'd rather trust a billionaires investment decisions than some random retail investors. There's a reason they're billionaires (assuming they didn't inherit it all!)

Yup, as shown in the JPM article, a reallocation of 0.5% of US assets into gold will result in 18% CAGR through to 2027, and a gold price of $6000.

If you zoom out, the gold price only ever goes up, because the fiat system requires ever more debt, and more money supply, to sustain itself

Agree completely with Lee

I've invested in goldies because I have a grim outlook. It's not that I want instability, nor am I greedy. I just think trump is terrible news, and US debt is about to spiral. The bond market knows what's up. I'm just playing it as I see it, I completely agree that gold at 4000 means sh&t has hit the fan

Gold is going to 4000 this year

The US needs to refinance about 7tr, plus about 2tr for this year's deficit. About 75% of the refi is short term so it won't affect the average interest rate all that much, but you're looking at something like 37tr @ 3.3% average going to 39tr @ 3.7% average, adding c200bn to the deficit.

Debt death spiral has begun in earnest. Nothing stops this train

"could soar". They are just guessing! IF there's a real location gold will go up. And what if there isn't?

These predictions are always garbage especially 3 years out

It wasn't until I read Lyn Aldens work (or watched her YouTube videos) that I understood bitcoin and money. Money doesn't need to be physical, it needs to be uncopyable and have a limited supply of new money into the system.

Her book isn't about the technology underlying bitcoin, it's about the history of money. Fascinating stuff because it's so ubiquitous across all human cultures but something the vast majority don't understand - including me until a few years ago.

It amazes me that ppl who have been naysayers on bitcoin since it was $3000 still think THEY'RE right and everyone else is wrong. How stubborn and pig headed can you be? Maybe other people know more than you and there's something worth understanding, rather than digging your heels in and claiming that bitcoin holders themselves don't know why they're investing. Lmao

But* don't presume

Lol, nope, you just don't understand bitcoin and that's OK. Not don't presume other ppl don't understand it. It's been declared dead many many times and all those ppl were wrong. I suggest you read Lyn Aldens BROKEN MONEY if you wish to understand. The longer you remain stubborn the longer you will miss out on gains. I've been buying since 2017

Exactly. Get ready for QE/YCC and a deluge if dollars. Gold, bitcoin and treasuries know what the equity market does not

The tariff chaos and treasury yield movements are obviously connected. But yes, long term gold is always a hedge against money printing

A gilt is a bond. The risk is rising inflation which causes yields to increase. 30yr UK gilts have fallen about 70% in value over the last couple years.

Id avoid like the plague. They are the furthest thing from risk free