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Sounds like the executive orders are coming down now, including an elimination of the payroll tax.
Anyone have thoughts on what this means or if it can really happen? If this stands, can Trump just remove all Federal Taxes by executive order?
Quick update on my order of HCQ + Azith from Sunil @ SA Enterprises.
I paid with a credit card on TransferWise and I just noticed a $3.50 cash advance fee! So the payment is considered a cash advance. I’m asking my bank what that would mean in a scenario where I want to dispute the purchase because I dont receive the goods or whatever.
Others have said Sunil is a good guy so I’m not too worried, but those of you paying with a Visa on Transferwise should budget for a transfer fee on top of the crazy high shipping costs.
Where do you guys get your market based podcasts?
Ive been listening to FSN (Financial Survival Network) because he regularly has John Rubino on. Also wishing I had bought the stocks of their sponsors lately.
USA Watchdog occasionally has someone decent on between the “Jesus is coming back any day now and Trump plays 5D Chess” guys.
Any other good ones you guys follow? Esp on gold/miners
“I can tentatively affirm that S. A. Enterprises is worth dealing with …”
Same report here. I just got a shipping notice from Sunil.
Hoping Canada Customs clears the package a little quicker than whats being reported here for the US (not holding out hope though).
@sand_puppy Thank you for stating succinctly something that I have only been able to rant about in disorganized fashion thus far.
In the early days of Covid my local health authorities were explaining that they knew the risk was low because there weren’t many cases and they also didn’t need to test because there weren’t many cases.
“This is gonna be the end for science and modern medicine being taken seriously by huge new swaths of the population” I would rant at anyone within earshot.
Now everyone on my local reddit is asking why so many anti-science whackos don’t want to wear masks. The don’t seem to remember the national health minister making it very clear that science proved they don’t help. Also science proved locking down the borders wouldn’t help.
This hurts to watch because although I’m not a scientist myself, I rather like the whole “evidence based approach to problems” thing they had going on over there at one time.
Its incredible that we still don’t have those proper HCQ studies by now. At first I thought it was an anti-Trump thing. But the level of opposition to HCQ is way too high to be based on rebutting some off-the-cuff remark by the president.
I’ve been wondering how Chris’ seemingly random observations on covid months ago have turned out to be so consistently prescient. I bet he saw “all kinds of ugly” during his time in the pharma world. He knew from day 1 what was gonna happen when the first anecdotal HCQ (and related cheap drug) studies emerged.
His gentle but no-holds-barred approach to walking us all through this is going to save a lot of lives. Sometimes literally save them, but more importantly help people change direction.
OK thats enough ranting for now….
“I assume they will incorporate loopholes that allow them to turn their gold and silver into new fortunes in the new system. If so, I’ll use the same loopholes to get rich right along with them.”
That might only work if you are baller enough to have London Good Delivery Bars. I always imagined a special 90% windfall profit tax that somehow doesn’t apply to gold held in the forms the elites tend to hold it in.
I figure us little people will have to protect our wealth illegally (but certainly morally) when the time comes.
One of the really fascinating aspects of this for me is how the western intelligentsia react as gold “moves towards the system”. Can you imagine being a graduate level economist (with the student debt to prove it) finding out some high school dropout on the internet knew more than you did about the nature of money?
I used to argue back in the day (2009-2014) on public forums and I could see how personally invested a lot of the “educated” types were when they informed me that I lacked basic knowledge for saying such things as “The elites will rebalance their books by raising the price of gold for the simple reason that gold is what they have”
Their responses were like a window into what it would be like to have a mentally abusive parent or spouse.
I often wonder how these people will react when the USD falls off the face of the earth. The bitcoin runs give me some hope that the tiny minority of western gold bugs will just be ignored. But as I mentioned above, no one was educated to hate bitcoin so its a different dynamic
“Premium should explode higher on these items once COMEX stops delivering.”
I’ve been wondering about this too. What would the exit strategy be though? Presumably, people would start taking delivery of the physical metals and eventually the funds would be exhausted of metals and have to be wound down. They won’t keep them open and trading ust for me and my 20 ounces right?
How does that actually play out though? Is there a premium that gets higher and higher then suddenly you get cashed out at par? Or do you somehow get that premium?
Confession: I was the dupe who bought PHYS when it was trading at a 10% premium to NAV back in (I think it was) 2013 or so. Oops. I’d like to end up the genius who bought it for a 10% premium and sold at 20% premium if at all possible.
Wow, these market commentaries are great!
On the subject of gold miners, some might find Eric Sprott’s thoughts interesting:
I rarely listen to these but since I got into GDX Ive started wanting to see more commentary. Eric’s thoughts on generalist investors being compelled to buy mining equities once the run really gets going were something I hadn’t thought about.
I try not to be emotional in my investing but the thought of a fund manager who fancies himself too smart to buy gold having no choice but to buy gold is pretty satisfying.
One thing about markets that has always bothered me is the percentage of the action that is mechanical in nature (ie, “Stocks did this because its quarter end and so pension funds have no choice but to do that”). The “mechanical” bias has been almost always been against gold for as long as Ive been following it (from 2008-ish). If that changed, some good fiat could be made in the mines.
In fact, I disagree strongly.
I’m surprised someone paid the subscription fee to spam for World of warcraft gold.