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Jul 3, 2020 | 11:04 1
Was curious what was coming, seems ole blackface needs more cash so he's targeting all the "criminals" that use cash. Welcome to the world of bartering, magnificent asset inflation and the crush of a USD blowoff top. Trump already shutdown the dems attempt to go digital in the last bailout bill. The world is about to change like never seen. Reply With Quote
biglentil's Avatar Jul 3, 2020 | 11:17 2
Quote Originally Posted by macdon02 View Post

Was curious what was coming, seems ole blackface needs more cash so he's targeting all the "criminals" that use cash. Welcome to the world of bartering, magnificent asset inflation and the crush of a USD blowoff top. Trump already shutdown the dems attempt to go digital in the last bailout bill. The world is about to change like never seen.
May as well make it digital the dollar is backed by thin air after all and it costs them more to manufacture a nickel than a $100 bill. Just think how well they could keep their finger on us. Waiting for Errol to tell us all why gold is risky and volatile. Lol
Last edited by biglentil; Jul 3, 2020 at 11:23.
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Jul 3, 2020 | 11:33 3 The last vestige of freedom will be gold if your government goes digital. Or would they shut that door first? Further currency controls may be the precursor. Reply With Quote
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  • biglentil's Avatar Jul 3, 2020 | 11:36 4
    Quote Originally Posted by Flatlander View Post
    The last vestige of freedom will be gold if your government goes digital. Or would they shut that door first? Further currency controls may be the precursor.
    1000 dollar Bill's no longer legal tender, penny gone. Squeezing us from both ends. Just like the gun ban. Boiling us like frogs. Digital currency will mean every wallet and transaction constantly monitored recorded indefinitely. Total control.
    Last edited by biglentil; Jul 3, 2020 at 11:50.
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    Jul 3, 2020 | 12:00 5 I am not what you would call a gold bug, but priced in CAD, you can't ignore this signal. This country is done. Stick a fork in it. It's the fracturing of states worldwide. I prefer miners over physical because if cash is banned, it's merely minutes before they pull a Roosevelt and ban physical. I have been told for years this was coming but didn't believe it. The ramifications are massive and idk how this will unfold. It'll be a bloody mess, literally. Gold is the insurance policy. This thing could triple or more. It's breaking its traditional relationship vs USD. The academics are about to get their head served to them. The promises can't be funded. We will reset. Reply With Quote
    biglentil's Avatar Jul 3, 2020 | 12:08 6
    Quote Originally Posted by macdon02 View Post
    I am not what you would call a gold bug, but priced in CAD, you can't ignore this signal. This country is done. Stick a fork in it. It's the fracturing of states worldwide. I prefer miners over physical because if cash is banned, it's merely minutes before they pull a Roosevelt and ban physical. I have been told for years this was coming but didn't believe it. The ramifications are massive and idk how this will unfold. It'll be a bloody mess, literally. Gold is the insurance policy. This thing could triple or more. It's breaking its traditional relationship vs USD. The academics are about to get their head served to them. The promises can't be funded. We will reset.
    No doubt miners have been ripping many 5 baggers since the covid crash of the ides of March. Think it might be time for them to take a breather. 'Uncle' Eric Sprott has to be up at least half a billion since then.
    Last edited by biglentil; Jul 3, 2020 at 12:13.
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  • Jul 3, 2020 | 12:30 7 101,

    Plot gold and Western Canada farmland on the same graph. Maybe back to the 70's.

    Please. Reply With Quote
    Jul 3, 2020 | 12:59 8 Interesting,,, if farmland values follow gold and increase, how would it be possible grain farming tenets, to pay a rental amount that would reflect the same return per acre(5% say)

    currently say,
    $200,000 value = $1250/ac = rental@5% = $62.50/ac cash rent

    say land goes up by half,
    $300,000 value = $1875/ac = rental@5% = $93.75/ac cash rent


    Not gonna figure, unless grain prices go up ! Reply With Quote
    GDR
    Jul 3, 2020 | 13:19 9 Cash will not disappear anytime soon. It is very surprising how much cash is used by all classes of people. It is considered discriminatory to lower income people to not allow them to use cash.


    Besidea what do you think all the politicians would do without brown paper bags of cash. Reply With Quote
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  • Jul 3, 2020 | 13:59 10 Other sources may differ, annual averages? Gold hit 1923.70 USD September 2011(COMEX)
    Forgot one thing: The land value includes buildings.
    Name:  Gold Land.jpg
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    Last edited by farming101; Jul 3, 2020 at 15:08.
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    helmsdale's Avatar Jul 3, 2020 | 14:11 11
    Quote Originally Posted by farming101 View Post
    Other sources may differ, annual averages? Gold hit 1923.70 USD September 2011(COMEX)
    Name:  Gold Land.jpg
Views: 308
Size:  74.0 KB
    Well that's certainly interesting to look at...

    I suppose so long as this insanity continues I'll just have to make long term peace with the idea that land belongs in the hands of the wealthy, and the grunt work is left for us peasant tennants. Only took 4 generations and we're right back to what our forefathers ran away from in the old country.

    What is land going for on Mars these days? Reply With Quote

  • biglentil's Avatar Jul 3, 2020 | 14:42 12 In many ways you could say farmland has outperformed gold as land offers a return or it's supposed to. Reply With Quote
    Jul 3, 2020 | 15:10 13
    Quote Originally Posted by biglentil View Post
    In many ways you could say farmland has outperformed gold as land offers a return or it's supposed to.
    Sell calls on your gold. Way less work Reply With Quote
    Jul 3, 2020 | 16:10 14 Farming - how about teaching a class on futures trading this winter? Reply With Quote
    Jul 3, 2020 | 16:15 15
    Quote Originally Posted by biglentil View Post
    In many ways you could say farmland has outperformed gold as land offers a return or it's supposed to.
    This is true however your farmland is in ever depreciating CAD, and land locked in this country both seem like strikes against. Gold(and silver) is the only money but easily converts to and is priced USD currency. Gold never was to have a return, it’s just gold. Your land is not exchanged readily as it rarely comes back for sale, and it is not exchangeable in practical terms by the acre or in small amounts where a person can salt away gold in small increments. Gold can be stored away from the prying eyes and scrutiny of any one particular government. Many companies have private secure affordable storage on every continent to spread the political risk, or pick the one place of your choice. Canadian or other government would have little means of forcing folks to repatriate their gold. Some smaller countries have a long history of secure independent non bank third party storage that they would be remiss to mess with as they know the trust earned over decades is a big part of their countries economy. Also in at least one of these small well known storage countries, the citizenry and their government are neighbours and if you need to talk to the leadership they are down the street and you likely grew up knowing each other through sport, school, etc. Reply With Quote
    Jul 3, 2020 | 17:03 16 We might have to move around the world so precious metals can’t be tracked. Reply With Quote