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Dr.Hess

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  1. Sort of, Ken. But supply and demand don't really fit the price of gold in the past decade or two. There are two types of gold (and silver, for that matter): Physical and paper. Physical gold is what you hold in your hand. Paper gold is, for the most part, buying a promise of gold at some time in the future typically through a fund. Banks that hold gold "lend" it out to others at interest. They will lend out the same bar of gold multiple times. They say. So, if the price goes up, banks just create more paper gold out of nothing and put it on the market as for sale, price goes down. If you are buying physical gold, then you want the price beat down, so sell a lot of paper gold, then buy physical at or near that price. Futures contracts are not that different. One can sell a contract to sell, say, 10oz (Troy) of gold at some point in the future, like 3 months. At the 3 month point, you technically have to have 10oz to sell to the contract buyer. The buyer buys the gold at the contract price, or closes out the contract at their discretion. The exchanges are not even enforcing that (taking physical deliver) and now the buyer wants the physical deliver but the exchange says, no, here's some money. That has been happening. Silver is even worse. Here's an example of the physical price and paper price diverging. Spot is more or less the paper price of silver, at this moment $25.18/oz. BUT, if you look at what it would cost you to buy an ounce of silver you can hold in your hand, it is $29.67. https://www.apmex.com/product/44447/1-oz-silver-round-buffalo?toppicks1 And that $4.50 spread is much lower than I have seen it in the past. I've seen it go up to like 75% premium to hold in your hand over spot, maybe more.
  2. Commercial real estate (CRE) is really screwed for several reasons, including Work From Home, the depression we are in and the disaster of demonrat run major cities. I had some money in CRE funds, recommended by my broker, and I told him to dump all CRE some time ago, taking the hit then. I also told him to dump all Blackrock run funds. There are major rumors that the central banks are all loading up on gold, and have been for some time. I was wondering why the price never really moved for so long, despite major buying like that. The spike now may indicate that they are done buying and suppressing the actual price. Don't know. Only thing you CAN say is that an ounce of gold has always had value and will always have value, and that value is basically unchanged over the few thousands of years of our recorded history.
  3. Yeah, I got mine up like that too. His name was Trigger.
  4. That looks nice. The star badges are a nice touch. From a time of simpler toys. I had one on springs and spent many a day watching Roy Rogers and The Lone Ranger bouncing on it with my six gun and holster.
  5. I have got some good stuff dumpster diving over the years. I worked at a place in a block of offices that had the dumpster off on the side and people would come dump things. I've got a brand new refrigerator, sort of super-dorm size, a couple hundred dollars worth of stainless steel, and a lot more.
  6. I have been following this. From the reports, he was buying and selling quite a few and fell into the latest rulings on who is a dealer, versus those of the past. They are trying to shut down gun shows, and this is one of their end runs to do that. I think they were making an example of him, hit the house at 0600, shooting started, he's dead.
  7. Rational discussion with such is wasting your breath. However, you could point out that compliance with their rules for someone LIKE HIM who just has a few critters would do much more destruction and damage to the environment, including ground water, than his critter raising would ever do.
  8. I made the same decision, Ken. And I also made the same decision about the GOP and the woman who ran it into the ground. I think on purpose. No one could be that incompetent.
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