I think gold is looking pretty good right now. I expect the USA government's plunge protection team to devalue the currency even more than usual in the coming weeks and months. Long term the USA currency should also be devalued quite a bit. Even more so in than in the past 100 years.
Sunday 12-9
#king
366.068 SP
2,364 VP
Always good to spread your assets.
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Are you into anything besides cryptos?
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Anything technology related, and all kinds of self development stuff, like meditation, nlp, hypnosis, etc
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Tech stocks?
You might like this guy. He has an MLM setup you could join too.
https://www.youtube.com/user/OAW1943
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Watched him for a few minutes, I hate him already. LOL. Plus I find MLM bullshit.
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I thought at least one of his videos was pretty good. I probably should have shared the best one. #lazy lol
He mainly talks about cutting expenses and investing and creating a business which I think people do need to cut unnecessary expenses.
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Dollar is surging
Europe’s problems will kill euro and surge dollar to new highs on the index. Now gold can still surge as dollar would be surging only as compared to basket of other currencies but it could be a story of king dollar and lower metal prices in said dollar!
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Yeah they're both probably racing for the bottom. I know the USA has huge problems and Europe could be even worse. I think Greece is already pretty much officially bankrupt.
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Every modern nation is bankrupt besides Russia all are in massive debt especially China who’s doubt per GDP is 3x USA
Dollar isn’t really racing for bottom with euro, dollar is holding up long to every other currency in the world even yen.
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Wow!
I didn't realize Russia was doing so well. Only about 20% debt to GDP and I think they do have a lot of gold and some reserves as well. The USA is like 20%.
It seems like the dollar will have to die eventually. I thin it's already lost over 90% of its value the last 100 years. I expect the next 100 to be worse.
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Dollar will loose avotter 98% of value
My point is it will hold up better tye coming year then other currencies.
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Sad. :( I think it would be cool to have a stable currency but it would also be nice to have a balanced budget.
You don't use @dustsweeper?
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Another ***
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Very bullish on Gold, we have had a long sustained run up in the stock market while I am not sure that globally much of the growth in equities is based on any fundamental economic activity.
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Yeah I think it's 50-99% due to rigging and inflation. I think the plunge protection team will be hard at work rigging things to keep it afloat and maybe even go up some more.
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