Mar 13, 2023 | 10:35
61
This tweet from the author of "Rich Dad Poor Dad" . Errol what do you think? I know you hate gold are we getting close to the time to buy gold?
You already own gold in your farm land. Far more valuable.
And will become more so once the USD fiat hegemony is broken.
Not much farmland fits in my pocket. All land in Canada is crown land, they are the land owner, we hold title in fee simple of the Crown. Unless a person goes through the formal process of claiming alloidial title of the original land patent on file at ISC for about 70% of all parcels. Then just maybe you will have a leg to stand on. However if you have a mortgage forget it. Mortgage in Latin loosely translates to 'Death Grip'. In such a challenging situation nationalization for the greater good will be pushed. Look how easy the populace was convinced to give up their most fundamental right of bodily autonomy with the jab mandates. 'Rich' farmers with large land holdings will be easy targets.
If not tell me what will you accept for your grain when banks and the dollar are defunct?
Better question, what will the starving hordes be using to buy with.
Govt is gonna have to rewrite the dominion lands act of 1872 to get that home quarter out of your hands.
Yes the Sask homestead protection act does protect your home quarter in the event of a bankruptcy if those rights have not been signed away.
During Weimer Germany's hyperinflationary period they used pm's, old jewelry, French Francs and other foreign currency. Most every household had a garden and people were generally much more self sufficient than today. There might not be the life raft of foreign currency in a world of fiat this time around. In Venezuela today trading in gold flakes is very common with most every little shop having a small scale.
Mar 13, 2023 | 14:56
68
I don't understand the fascination with Gold, especially the physical; however, any investment should be considered relative to alternatives.
We can argue that there is no alternative to Gold, but I won't engage in a debate on this forum.
Of course, there is a lot of chatter about banks, gold and cryptocurrencies.
I prefer the utility of Bitcoin to Gold and pay little attention to the other cryptos.
This BTC/Gold chart is an updated version of what has likely been previously presented on Agriville. It was published in one of my newsletters.
A background:
Buddy is a bit of a gold bug and invests in the physical.
On October 27, 2021, he asked if he should own BTC or Gold.
I presented this chart showing my Own BTC/ Own Gold Levels.
At that time, the green line I where I would decide to own one or the other.
The green line represented the level where I anticipated one would outperform the other.
Since then, Gold has outperformed BTC.
The charts below demonstrate why it is prudent to understand your timeframe and not fall in love with your investment thesis.
Bitcoin has outperformed Gold since its inception; however, it has not been in a straight line.
This tweet from the author of "Rich Dad Poor Dad" . Errol what do you think? I know you hate gold are we getting close to the time to buy gold?
Gold prices may sprint higher near-term on fear. But commodity prices generally are in-trouble. Inflation is one dead horse. Gold rallies won’t hold (IMO).
King oil may get crushed. King corn will be a drag on the grain markets heading into weather season.
Can I say arrogance and The Fed in the same sentence? Is the Fed actually going to hike rates now? Inflation is not the problem, rising out-of-control debt loads are the problem. Raising rates makes this situation worse. And the Fed is made up of about 1,000 PhDs. Good grief . . . .
And this stock market rescue plan is nothing but a load-of-crap. The bear market realistically hasn’t even started yet, but media tells us it’s already over. The banking industry is in serious trouble, (no matter how it is masked) and the Fed is making it worse.
A year from now, there may be many corporate carcasses to bury, but refreshing new names on block buying companies pennies-on-the-dollar.
My apologies for sounding so cranky, but this situation is getting worse because those in-control will not look in the mirror at-reality.
Last edited by errolanderson; Mar 13, 2023 at 16:17.
Mar 13, 2023 | 16:22
70
the difference between owning gold/silver and land in my mind is that metals may be have edge in inflation but you only get one chance to sell it, then it is gone. Land is a producing asset that will always keep producing something. Governemts can take land away and they can also make personal gold illegal. i don't know what the answer is but it is always better to have some money than to not have any money. been through that before, don't really want to do it again.
Economists are put on earth to make weather forecasters look good...
Mar 13, 2023 | 16:34
71
errol, the big banks are going to be a buy here somewhere. All the deposits that got out of SVB et al, and all the ones that will be covered by the fed will now be moving to Chase and JPM etc. who are much better capitalized.
People also took their deposits and put them in stocks and crypto and gold miners today.
Takes a lot of pain before people go to the mattress.
Notice how there is real investment planned for the Alberta economy: McCain's, and fake investment planned for ontariowe: battery plant. How much you want to bet there are major fed subsidies going into that battery plant? McCain's designed their Coaldale plant to accommodate expansion when they built originally, but it has taken 20 years to make that a reality.
So hitting the postharvest highs in wheat and durum and post Christmas highs in canola wasn't as good an idea as I hoped. Bins are empty....
Sounds like several Posters on Agriville would like to be in your position right now.
Go read the wheat thread that just got started, Poster's are hoping for somewhere else in the world to suffer major hardships in order to get a second chance at record wheat prices.
Sounds like several Posters on Agriville would like to be in your position right now.
Go read the wheat thread that just got started, Poster's are hoping for somewhere else in the world to suffer major hardships in order to get a second chance at record wheat prices.
Whaaa, Ukraine is in a war, and people are talking about current events that will affect their bottom line….whaaa…..whaaa. Don’t they know they aren’t supposed to talk about things like that, or they are wishing ill on others? Whaaa!
Whaaa, Ukraine is in a war, and people are talking about current events that will affect their bottom line….whaaa…..whaaa. Don’t they know they aren’t supposed to talk about things like that, or they are wishing ill on others? Whaaa!
It is always painfully revealing when one of the CWB supporters accidentally makes a post indicating their attitude and gross ignorance towards marketing. Easy to tell why forage is no longer in the grain business during the free market era.
It is always painfully revealing when one of the CWB supporters accidentally makes a post indicating their attitude and gross ignorance towards marketing. Easy to tell why forage is no longer in the grain business during the free market era.
Give it a rest, CWB has been gone for 12 years and it's time for you to let it go, even though it seems you and your buddy could use a little help in the marketing area.
No accident, all forage seed is sold in the open market and always been, no problem there.
Prices have never been better and the bins are empty. If prices are better next year I'll have no regrets.
Mar 14, 2023 | 17:01
79
I would like you to point out in the wheat thread where “posters are hoping for somewhere else in the world to suffer major hardships”.
the difference between owning gold/silver and land in my mind is that metals may be have edge in inflation but you only get one chance to sell it, then it is gone. Land is a producing asset that will always keep producing something. Governemts can take land away and they can also make personal gold illegal. i don't know what the answer is but it is always better to have some money than to not have any money. been through that before, don't really want to do it again.
Economists are put on earth to make weather forecasters look good...
Trouble is that what are you going to do with a 10000 ac vegetable garden? Lots of work. Reality is once the shit hits the fans there ain't going to be anyone that can afford your produce. This is why both land and gold are not the answer. You need some land but right now converting cash to anything that can be useful to grow one's own food and produce your own energy is the approach going forward. Gold also has limited usefulness in that you can't store large quantities (theft), you can't eat it and trading opportunities will be limited. I do have some but not much for that reason.
Mar 15, 2023 | 06:04
82
Credit Suisse is a $700B bank in contagion… too big to fail…???… too big to save???
Treasuries US banks own… are under water some 600$B to equalize 10 year interest rates need to double from 3.5% to at least 7%…
This would create a world of hurt for the global financial system….
A stable secure home for monetary deposits would be prudent… putting it mildly…
The Russian fighter jet hitting the US drone in international air space over the Black Sea… was not a smart move… apparently they hit the prop of the drone taking the engine out and causing it to crash…
Mar 17, 2023 | 07:07
83
2023 is already the worst year of Bank Runs in US History measured by deposits held by failing banks.
SVB & Signature reportedly had $263B in deposits combined. Already more than the deposit exposure of failed banks in 2008. And it just the beginning of a potential wave of bank failures.
Thank goodness, this is not considered a recession by those in the know . . . .
Mar 17, 2023 | 08:02
84
Private gains and socialized losses. Quite the industry, what they learned from 2008 was they can engage in risky derivatives bets and worse case they will be bailed out. Nothing was repaired infact the bubble is much much larger.
CB's (private entities masquerading as government entities) ran the economy at 150mph and then they slammed on the brakes. And what you’re seeing now is the resulting car crash. Manufactured boom and bust cycles created by the creature from Jekyll Island, the Fed, are nothing new.
Mar 17, 2023 | 08:16
85
Gold that 'relic' that after decades of Cental Bank selling, central banks have been stockpiling at the fastest rate in history. Except Canada, most was dumped at $250 an ounce then Turd sold the last remaining a few years ago.
Mar 17, 2023 | 09:11
86
In my lifetime every few years, we hear about smaller banks in US “going under”. Banks taking tech ideas for green projects, hmmm, pie-in-the-sky crazy notions, what do you expect?
Trouble is that what are you going to do with a 10000 ac vegetable garden? Lots of work. Reality is once the shit hits the fans there ain't going to be anyone that can afford your produce. This is why both land and gold are not the answer. You need some land but right now converting cash to anything that can be useful to grow one's own food and produce your own energy is the approach going forward. Gold also has limited usefulness in that you can't store large quantities (theft), you can't eat it and trading opportunities will be limited. I do have some but not much for that reason.
billionaires (bill gates), investors (chinese), pension funds(otf) all buying land like there is no tomorrow. I'm of the opinion that the elites and those with friends in high places are and will be protected. 7 billion people to feed and the powerful want total control over that. they are patient they will get what they want it's easier to discourage everyone to make them quit than to make laws and forcibly take it...just look whats happening in the netherlands and france and south africa right now people are fighting back, not that you will see any of this on cbc...
billionaires (bill gates), investors (chinese), pension funds(otf) all buying land like there is no tomorrow. I'm of the opinion that the elites and those with friends in high places are and will be protected. 7 billion people to feed and the powerful want total control over that. they are patient they will get what they want it's easier to discourage everyone to make them quit than to make laws and forcibly take it...just look whats happening in the netherlands and france and south africa right now people are fighting back, not that you will see any of this on cbc...
cpp recently sold land holdings. I don't think they are any wiser than anybody else so not sure what to make of that. Gates has land that they are putting solar panels on. There is speculation that the billionaires will be able to force a conservation reserve program in order to starve the populace while making good on the farmland investment so that is likely gates' angle. After all they figure people will eats bugs. chinese speculate on real estate because that is what they do. Home ownership is 200% in china. How does that work? Look up ghost cities. Some of those are being blown up. Real estate speculation goes on in all failed states prior to collapse.
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Originally Posted by biglentil
