/biz/ - Business & Finance

>>51515486
Inflationary depressions do happen though, as do recessions*. Are you suggesting that they're going to kick the can down the road for another decade? I suppose that's a remote possibility but you must note that the can could be too big. real soon.

Recession being the unwinding of a bubble; using the Austrian definition, not MMT one here

>>25676793
My body is ready.

Here's a scenario for /pmg/:
You're in control of the body of the guy in charge of market manipulation at JP Morgan for one day, what do you do?

>>25305560

A century and a half ago, fiat money was tried in America. Greenbacks led to 75% consumer-price inflation. The scheme failed, and there was a return to gold. This is a political cartoon from the time.

Been exploring the crypto’s linked to gold. Came across Aurus and it sounds like these guys are not only tokenizing (AU) gold, but Ag, and others - all run by an ERC-20 token called AWX. I’m thinking of throwing down for some of their AWX coin as it has capped amount at 30 million. Anyone see an exchange other than whitebit with it?
https://www.youtube.com/watch?v=B5MCFJ0BeOg

>>24402380
What do you expect? Banks just waving white flag and surrender? Just get the gold/silver cheaper. They will drive the price to negative.
Buy physical, ignore the fake price action

Why is absolutely nobody here?

>>22788182
Over 10% of my wealth is in PM's but I need to keep some money in there for direct debits and stuff, I am pulling out as much cash as I can currently.

>>22000846
>>22001050
>>22001246
Wasn't memeing about ag exposure either. Here you guys go: https://teucrium.com/

If you're willing to learn, you can also trade commodities futures

>>20541751
it feels good anons, for months weve been preparing and speculating. while crypto and stocks tremble we bask in the candle of secure physical wealth, not in greed but in solidarity against worthless paper

>>20114455

>>19943111
We will await his answer

>>19812274
It's the dumpening

>>19685399
where do you buy mining stocks? Fidelity or something? or did you get an account with Schiff

>>19673815
It's almost a certainty I think. In fact that's exactly what central governments want, especially the USA. They need inflation to wipe out debt because the largest pile of debt in human history is held by none other the US government. The whole ponzi scheme is centered around the false narrative that inflation is "necessary" to grow an economy. They'll tell you that deflation is bad because people will no longer buy things if the prices keep going down.

But deflation is only bad when you have a crippled over-indebted economy like we do. If a REAL recession was allowed to happen where the debt gets deleveraged (and yes would cause a LOT of pain at this point), only then can a real recovery begin.

The mid 1800s leading up into the early 1900s was arguably the most prosperous time in American history. The Industrial Revolution could have only happened the way it did because of true free market capitalism.

Real wealth, real growth, this is when electric appliances started to become viable and the classic American dream came into focus. All of a sudden families could, for example, store perishable food at home for long periods of time in a magic box that kept things cold. Electric mixers, vacuum cleaners, fucking air conditioning, the 1880s through the 1920s must have been an amazing time to live through.

And this greatest period of expansion and progress was all DEFLATIONARY. Get fucked Keynes, turns out that lower prices are good and demand doesn't fall as long as your economy isn't based on fucking debt like today

https://invidio.us/6LuoTZKa7MM
Prolly preaching to the choir here, but this helped convince my boomer dad to start getting into pms and crypto.

Does anyone remember that recent clip where Mike Maloney predicted a drop in silver spot?

Simple.

>>16529506
So I love silver, I have a nice stack, but lately I've been reading about how silver is an "industrial metal" and will tank along with the economy during the next recession/depression. It's starting to give me doubts, like maybe I should be buying gold instead. Any thoughts?

>>16455817
Don't blast my butt, anon. I'm sensitive.

WE'RE ALL FUCKED: THE POST
AGGHHHHHHHHHH
I CAN FEEEEEEL IT, GOYS. WHEN IS IT GOING TO FUCKING COLLAPSE? HOW TO PROTECT OUR STACKS FROM THE PAVEMENT APES?

Get out you god damn glowie

I hope you all lose everything in that ponzi scheme memecoin scam.