You are viewing a single comment's thread. View all
1
Jarilo on scored.co
1 day ago1 point(+0/-0/+1Score on mirror)1 child
Largest fund is SPDR Gold Shares ETF (GLD), which holds almost 1,100 metric tons of gold. More than Switzerland. Technically, that gold is owned by the shareholders, in paper form.
That being said, dirty Indians probably hold more gold than all central banks combined.
1 day ago1 point(+0/-0/+1Score on mirror)2 children
The government is having trouble selling its bonds to foreign governments anymore.
The Fed is printing $40 billion per month to buy short term treasuries.
Also Trump just ordered the fannie and freddie to start buying bonds
>Mortgage rates fell sharply on Friday, a day after President Donald Trump said on social media that he is instructing mortgage giants Fannie Mae and Freddie Mac to buy $200 billion in mortgage bonds. https://www.cnbc.com/2026/01/09/heres-whats-happening-now-with-mortgage-rates-.html
This is more money printing. So gold and silver are up big today.
At this rate buying gold and silver is just a no-brainer. The printing is out of control by both democrats and republicans. Never been an easier investment in my life. My gold and silver mining stocks are up huge. My own stack is up huge. I only go to work to get more fiat bucks to immediately convert to more gold and silver.
The day i can't convert fiat bucks to gold and silver is the day i probably just stop accepting fiat bucks as payment for anything i have (labor or possessions)
I used to be a doomer, many years ago, and I spent a part of my every paycheck to buy some gold or silver. Funny enough, the bullion dealer was just a small kiosk on the street, slightly bigger than a hot dog stand. Made possible by the total nonexistence of niggers in my area. Anyway, there were no lineups and never any shortage. When I told people that I am buying gold, they thought I was weird. Over time, I bought dozens of pounds of silver and a good amount of gold coins.
These days, everybody is talking about precious metals. Almost every day, some rando tells me to buy. There are news segments on TV about the buying frenzy. None of this is a good sign for PMs. So I sold all my silver. Not buying any more gold and planning to sell some of it soon. I'll keep the rest as insurance for bad times.
Why sell now? The dilution of the fiat u.s. dollar isn't going to suddenly stop.
Gold isn't going back to $2000.
Silver isn't going back to $30.
Those days are gone.
What are you doing with all the fiat dollars you just exchanged your gold and silver for? I hope you aren't holding cash. cash is going to get diluted heavily in 2026.
I sold all my silver. Not yet gold, but I will sell part of it. If I didn't already own my home and land, I would spend the money on that. Instead I am throwing it into unloved stocks.
Long term, gold and silver will keep going up relative to fiat. But now it's too crowded and it's making me uncomfortable.
That being said, dirty Indians probably hold more gold than all central banks combined.
The Fed is printing $40 billion per month to buy short term treasuries.
Also Trump just ordered the fannie and freddie to start buying bonds
>Mortgage rates fell sharply on Friday, a day after President Donald Trump said on social media that he is instructing mortgage giants Fannie Mae and Freddie Mac to buy $200 billion in mortgage bonds. https://www.cnbc.com/2026/01/09/heres-whats-happening-now-with-mortgage-rates-.html
This is more money printing. So gold and silver are up big today.
At this rate buying gold and silver is just a no-brainer. The printing is out of control by both democrats and republicans. Never been an easier investment in my life. My gold and silver mining stocks are up huge. My own stack is up huge. I only go to work to get more fiat bucks to immediately convert to more gold and silver.
The day i can't convert fiat bucks to gold and silver is the day i probably just stop accepting fiat bucks as payment for anything i have (labor or possessions)
These days, everybody is talking about precious metals. Almost every day, some rando tells me to buy. There are news segments on TV about the buying frenzy. None of this is a good sign for PMs. So I sold all my silver. Not buying any more gold and planning to sell some of it soon. I'll keep the rest as insurance for bad times.
Gold isn't going back to $2000.
Silver isn't going back to $30.
Those days are gone.
What are you doing with all the fiat dollars you just exchanged your gold and silver for? I hope you aren't holding cash. cash is going to get diluted heavily in 2026.
Long term, gold and silver will keep going up relative to fiat. But now it's too crowded and it's making me uncomfortable.
But muh tariffs...