I own gold and silver bullion and have watched with alarm as its value has increased rapidly.
I wrote a few weeks ago that $8000 an ounce gold had been projected for 2026; now I think that is entirely possible, but I shudder to think what the streets outside my door will be like.
What's the point of being rich if there is nothing to buy, no electricity, or public safety?
This is definitely something to consider. With no markets, I doubt precious metals will mean anything. It all depends on how much of a collapse there is. With a total collapse, hard skills like knowing medicine or how to brew alcohol will be in great demand; if you're a woman and better than a 6 then you're also in great demand.
If it's a semi-collapse then I can see precious metals being a valued currency. Luckily I have some coin and a .357.
Once again 100% on the mark. Yes, I do not think that the "AI Asian Guy" is an emergent phenomenon or that he was randomly created by a single individual in his basement, either. I do wonder though whether there is only a small time window for shenanigans like this. Is it not likely that sooner rather than later, YT and other video platforms will be absolutely flooded with a cacophony of AI content pushing messages in all different kinds of directions? At that point, will people not just shrug all that kind of stuff off like the scam emails of days past?
That indeed is puzzling. It would appear that the message being pushed is not one conducive to the interests of the people in control of YT. One could just assert that it is "financial disinformation".
I agree with K, AI will necessitate a return to normal human person to person contact. The virtual world is now infinite, anything that can be imagined can be created so none of it is real becomes the default.
Addendum: age 62, I’m not a digital native, so I can’t trust my own judgment. But, it seems that the easy proliferation of any and all AI digital content will convince even the digital native that it is nonsense. Kodak, the film company comes to mind, digital destroyed it and fast.
Retail isn't driving this push we are plankton , this is whales like Samsung (who recently secured all future production from oneexica. Mine ) and governments .. . The dollar is mathematically doomed (pound/euro ect) we aren't going to tip it over the edge, the plebs don't have enough fire power.
I agree it's not the retail. Most capital is in the hands of the ultra-wealthy and institutions, individual small investors and coin stackers are bit players.
No country wants to be the last one holding Treasuries once the other countries have switched to gold and silver, because the asset dumping is itself inflationary.
The ideal strategy here for countries that hold a lot of Treasuries is to find quiet ways of neutralizing their "long the dollar" position and accumulating real assets like gold and silver. China issuing dollar-denominated bonds (still in small amounts) is a canny way to do this.
A particular kick in the cobblers, although two decades old, that is still smarting....... Gordon Brown sold large reserves of gold at circa $250 to $275 per troy ounce. Within the last 3 months, there have been several days when the daily high/low range of gold has been more than this value. It's total madness.
A moral conundrum for you, MG: a bit of YT surfing (Peter Schiff, Neil McCoy-Ward, other goldbugs, etc) persuaded me yesterday: 'Buy silver quickly! The top of this bull market is a long, long way off yet. Silver's fundamentals are rock solid: modern industrial demand massively (and increasingly) outstripping supply. And yet..... the moral thing.....
Behind that same demand for silver lie the nefarious drivers of massive data centres, computer software, military hardware (missiles, etc) - all depend on it.
So do I buy 'the precious' (good old Gollum!) and join the wolves in these dog-eat-dog last days? - Or nobly miss out on the easy money of the silver boom and rest on my moral laurels...? To be or not to be?
I bought the silver.
(As the poet says: - 'Look deep within, my old prospector friend: The human heart's a disused mineshaft: There's greed in them there hills!')
Gold and precious metals are definitely having their day in the sun after being pretty stagnant for ages. I disagree about crypto though. There's a distinct difference between Bitcoin and crypto. Most crypto is rubbish but I'd rather have bitcoin than gold. You can't put too much physical gold in a suitcase and escape with it. It's confiscatable by governments too. You can convert it back into plummeting fiat currency again for what it's worth. Another drawback is it cannot be sliced down into spendable slithers to purchase food from the local farmers for example. So I'm not sure whether it'll be the absolute safe haven whenever the chaos happens but good luck to all those that bought at the right time especially patriots. Copper will pop next apparently.
Digital currency is Monopoly money. When things fall apart, no one will accept Bitcoin, etc.
I think we are heading into uncharted territory. I think what is coming is on par with the fall of Rome. Add to that tens of millions (perhaps hundreds of millions) of thrird world migrants living in the West on welfare, and everything becomes worse.
I am not worried about governments clamping down; I'm worried that governments will collapse completely. No law enforcement, no electricity, no medical care.
The West's enemies are watching us implode. When things fall apart, they will attack us (unless they fall apart at the same time, which is possible.)
Number Twelve Village Shop & Deli Spaldwick Bitcoin
Payment Process
Customers can shop online as usual.
At checkout, they select Bitcoin as a payment option.
Payments are processed through a third-party service like Coinbase Commerce.
This shift allows farm shops to attract tech-savvy customers and adapt to modern payment preferences.
A quick search and you'll find one in your area. Most deliver. I dare say some will accept under the railway over the lightening network. Obviously these are early days but currency devaluation is ramping up as you know.
I've heard a theory that the big institution were permanently short on silver which is what kept the price down over the years, but enough new buyers have entered the market recently that they've had to flip and go long.
Channels like this could be part of that strategy to drive up the price, similar to the way Redditor's did with Gamestop shares a few years ago.
If true, the question remains as to why are so many new buyers entering the market, and why aren't the traditional stocks dumping which is normally the consequence of a run on metals? Something is definitely afoot....
First I’ve heard of this but I’m not on Twitter anymore. My hunch is that we’re saying the exact same thing that was said about crypto back in the day, and what’s really happening is this is just another asset to hedge against inflation. Precious metals are like oil in that there’s loads of known reserves but they require a certain amount to be economical.
Assuming this is just an inflation hedge I wonder what happens when we run out of assets.
I think it’s pretty cool that networks of actors can meme wealth into existence, at least in the short term. I think of how the causal day traders financially raped Melvin Capital a few years back memeing GameStop.
Alot of this AI Asian guy stuff smacks of “NEXT WEEK!” type content. Sure, it’s always fashionable to predict the collapse, financial or otherwise, of the empire; but when the empire is casually kidnapping heads of state, I’d be wary of betting against it just yet.
To be fair, that sort of instability is being baked into the analysis. And silver and gold are indeed performing as AI Asian Guy said.
Trump's tarrifs are actually compounding weakness because nobody knows if they should or should not invest here or there. Canada being an example this week, Europe last week. All that can be done is hedging that he'll TACO.
I own gold and silver bullion and have watched with alarm as its value has increased rapidly.
I wrote a few weeks ago that $8000 an ounce gold had been projected for 2026; now I think that is entirely possible, but I shudder to think what the streets outside my door will be like.
What's the point of being rich if there is nothing to buy, no electricity, or public safety?
Yeah. It's weird how people will celebrate even though it could mean their families becoming homeless.
Though to be fair, I've seen memes highlighting this.
This is definitely something to consider. With no markets, I doubt precious metals will mean anything. It all depends on how much of a collapse there is. With a total collapse, hard skills like knowing medicine or how to brew alcohol will be in great demand; if you're a woman and better than a 6 then you're also in great demand.
If it's a semi-collapse then I can see precious metals being a valued currency. Luckily I have some coin and a .357.
There is much ruin in a nation. Look at Weimar Germany, what percentage of inflation they sustained while still continuing to exist as a country.
Russia was in a very bad state in the 1990s. They bounced back (as much as Russians can).
Once again 100% on the mark. Yes, I do not think that the "AI Asian Guy" is an emergent phenomenon or that he was randomly created by a single individual in his basement, either. I do wonder though whether there is only a small time window for shenanigans like this. Is it not likely that sooner rather than later, YT and other video platforms will be absolutely flooded with a cacophony of AI content pushing messages in all different kinds of directions? At that point, will people not just shrug all that kind of stuff off like the scam emails of days past?
Yeah, the AI Asian Guy is the first time I've seen AI get genuine cut through. I find it strange YouTube aren't banning the channels tbh.
That indeed is puzzling. It would appear that the message being pushed is not one conducive to the interests of the people in control of YT. One could just assert that it is "financial disinformation".
I agree with K, AI will necessitate a return to normal human person to person contact. The virtual world is now infinite, anything that can be imagined can be created so none of it is real becomes the default.
Addendum: age 62, I’m not a digital native, so I can’t trust my own judgment. But, it seems that the easy proliferation of any and all AI digital content will convince even the digital native that it is nonsense. Kodak, the film company comes to mind, digital destroyed it and fast.
Retail isn't driving this push we are plankton , this is whales like Samsung (who recently secured all future production from oneexica. Mine ) and governments .. . The dollar is mathematically doomed (pound/euro ect) we aren't going to tip it over the edge, the plebs don't have enough fire power.
I agree it's not the retail. Most capital is in the hands of the ultra-wealthy and institutions, individual small investors and coin stackers are bit players.
No country wants to be the last one holding Treasuries once the other countries have switched to gold and silver, because the asset dumping is itself inflationary.
The ideal strategy here for countries that hold a lot of Treasuries is to find quiet ways of neutralizing their "long the dollar" position and accumulating real assets like gold and silver. China issuing dollar-denominated bonds (still in small amounts) is a canny way to do this.
A particular kick in the cobblers, although two decades old, that is still smarting....... Gordon Brown sold large reserves of gold at circa $250 to $275 per troy ounce. Within the last 3 months, there have been several days when the daily high/low range of gold has been more than this value. It's total madness.
It's just amazing that the British political class faces no accountability for this stuff.
A bad balls-up like this is where the malice/incompetence dichotomy sits.
It's just one more crime in a very long list.
A moral conundrum for you, MG: a bit of YT surfing (Peter Schiff, Neil McCoy-Ward, other goldbugs, etc) persuaded me yesterday: 'Buy silver quickly! The top of this bull market is a long, long way off yet. Silver's fundamentals are rock solid: modern industrial demand massively (and increasingly) outstripping supply. And yet..... the moral thing.....
Behind that same demand for silver lie the nefarious drivers of massive data centres, computer software, military hardware (missiles, etc) - all depend on it.
So do I buy 'the precious' (good old Gollum!) and join the wolves in these dog-eat-dog last days? - Or nobly miss out on the easy money of the silver boom and rest on my moral laurels...? To be or not to be?
I bought the silver.
(As the poet says: - 'Look deep within, my old prospector friend: The human heart's a disused mineshaft: There's greed in them there hills!')
Haha I think buying it and driving up the price for the digital reset agenda is a noble cause to be honest.
Verily, MG, thou has clothed my self-interest in noble robes and I thank thee for it sirrah! 😎
Interesting that it was AI Asian Guy and not AI Jim Cramer look-alike...why the Asian?
And don't brits call "Asians" what Americans call "Indians"?
I'm just using the name he calls himself. I think the Asian aspect is that he's Chinese looking which plays into the wider narrative.
Gold and precious metals are definitely having their day in the sun after being pretty stagnant for ages. I disagree about crypto though. There's a distinct difference between Bitcoin and crypto. Most crypto is rubbish but I'd rather have bitcoin than gold. You can't put too much physical gold in a suitcase and escape with it. It's confiscatable by governments too. You can convert it back into plummeting fiat currency again for what it's worth. Another drawback is it cannot be sliced down into spendable slithers to purchase food from the local farmers for example. So I'm not sure whether it'll be the absolute safe haven whenever the chaos happens but good luck to all those that bought at the right time especially patriots. Copper will pop next apparently.
I don’t understand how you pay a farmer with bitcoin if he isn’t into it to begin with. And the chances of that seem slim.
Digital currency is Monopoly money. When things fall apart, no one will accept Bitcoin, etc.
I think we are heading into uncharted territory. I think what is coming is on par with the fall of Rome. Add to that tens of millions (perhaps hundreds of millions) of thrird world migrants living in the West on welfare, and everything becomes worse.
I am not worried about governments clamping down; I'm worried that governments will collapse completely. No law enforcement, no electricity, no medical care.
The West's enemies are watching us implode. When things fall apart, they will attack us (unless they fall apart at the same time, which is possible.)
True Bites Nationwide Coinbase Commerce
Avid Farm Shop Yorkshire & the Humber Bitcoin
Number Twelve Village Shop & Deli Spaldwick Bitcoin
Payment Process
Customers can shop online as usual.
At checkout, they select Bitcoin as a payment option.
Payments are processed through a third-party service like Coinbase Commerce.
This shift allows farm shops to attract tech-savvy customers and adapt to modern payment preferences.
A quick search and you'll find one in your area. Most deliver. I dare say some will accept under the railway over the lightening network. Obviously these are early days but currency devaluation is ramping up as you know.
I've heard a theory that the big institution were permanently short on silver which is what kept the price down over the years, but enough new buyers have entered the market recently that they've had to flip and go long.
Channels like this could be part of that strategy to drive up the price, similar to the way Redditor's did with Gamestop shares a few years ago.
If true, the question remains as to why are so many new buyers entering the market, and why aren't the traditional stocks dumping which is normally the consequence of a run on metals? Something is definitely afoot....
Ai Asian guy sounds like a "netscraper" that either is coherent to the moods of the market, or is creating the mood of the market.
That's what I got from that.
First I’ve heard of this but I’m not on Twitter anymore. My hunch is that we’re saying the exact same thing that was said about crypto back in the day, and what’s really happening is this is just another asset to hedge against inflation. Precious metals are like oil in that there’s loads of known reserves but they require a certain amount to be economical.
Assuming this is just an inflation hedge I wonder what happens when we run out of assets.
I think it’s pretty cool that networks of actors can meme wealth into existence, at least in the short term. I think of how the causal day traders financially raped Melvin Capital a few years back memeing GameStop.
Alot of this AI Asian guy stuff smacks of “NEXT WEEK!” type content. Sure, it’s always fashionable to predict the collapse, financial or otherwise, of the empire; but when the empire is casually kidnapping heads of state, I’d be wary of betting against it just yet.
To be fair, that sort of instability is being baked into the analysis. And silver and gold are indeed performing as AI Asian Guy said.
Trump's tarrifs are actually compounding weakness because nobody knows if they should or should not invest here or there. Canada being an example this week, Europe last week. All that can be done is hedging that he'll TACO.
And yes, this could all be the work of China and/or Russia. However, destroying the US economy will also wreck China's economy.