re: The middle class is dead and will never return

The middle class is doing fine. Marxists would have you to believe otherwise.

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The middle class is dead and has been since the 70's. There is no R or D that will come and save the middle class.

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The US has the greatest preponderance of thriving middle class in the world.

Hell fellow, our "poverty line" is middle class in half of Europe ... literally. e.g., Italian median income aligns with what we call "poverty" in the US

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Dawg03
Gold and silver are heavily inflated and have no intrinsic value. Once the economy and geopolitical environment stabilize, their prices will drop.

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I would ordinarily agree but since the financial crisis of 2008/2009 gold prices have not visited their pre crisis cost per ounce. Before the financial crisis gold was $600/oz .....it hasn’t retreated below $1000/oz since. Banks and many countries have been buying a lot of gold since the financial crisis......they must think something is coming.

Invest in the afterlife. This life is but a vapor or like the seeds of grass

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I would ordinarily agree but since the financial crisis of 2008/2009 gold prices have not visited their pre crisis cost per ounce. Before the financial crisis gold was $600/oz .....it hasn’t retreated below $1000/oz since. Banks and many countries have been buying a lot of gold since the financial crisis......they must think something is coming

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Gold is virtually the same price it was 8 years ago. It’s spent nearly that entire time being much cheaper. Now might be the worst time to buy gold in the last decade.

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Gold is virtually the same price it was 8 years ago. It’s spent nearly that entire time being much cheaper. Now might be the worst time to buy gold in the last decade.

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Gold is at nearly $2000/oz as of this Friday. I would have to check but I believe after hitting a high of near $1900/oz in 2010-2011 gold retreated below $1100, after that $1900 high gold has once again climbed back to near $2000/oz as the equities market have also climbed back near record highs. This is an unusual relationship historically speaking as gold and equities are generally a divergent relationship.

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If you want to firmly establish yourself in the world of the “rich"

- own hard assets; gold, silver, real estate.

- own a business

- Hold speculative investments. An example is the cannabis industry

Protecting what you’ve earned from taxation, inflation, and other forms of confiscation by internationalizing your assets.

If you think you will become rich by working 9 to 5 and not learning how to play the international game, you will always be poor.

The middle class is dead and has been since the 70's. There is no R or D that will come and save the middle class.

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The current policies have deliberately done harm to the middle class while the upper class creates more wealth. It’s been an easy move because they have led the middle class to hate the poor. Blame it all on the poor as they feed corporations. Many people have been trained worry about a mom buying potato chips but don’t care that the US is giving millions to a foreign company that is foreign so that they don’t pay taxes just so that cruise lines travel again. Look at the stock symbol CUK. Lol it’s the TD word of the year.

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I’m a graduate of Louisiana public schools, so if I’m wrong and not sharp on my math, please set me straight:

Grocery stores don’t take gold as payment do they? How about the gas station? The company that drills your water well? How about BCM or Sig or Glock? Nope...they take dollars and the majority are electronic transfers via credit / debit cards (which are restricted from some purchases).

Gold is going for $1975 an ounce today and was low of $1436 this year, so a little under 40% growth.

The cheapest 5.56 bullet is averaging around .50 cents per round up from a low of .18 - .20 cents per round of Eastern European / Russian steel case...growth of 180%.

Gold is a good investment if you treat it like any other legalized gambling in the stock market. It’s worthless the day the lights go out and food shortages come.

Gold bullets are worth as much as Confederate money.

Just my thoughts.

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Something to keep in mind....gold has never been worthless throughout the history of mankind. Fiat currencies come and go. If society collapses hard assets are all that remain, the ability to protect your hard assets is how one preserves their wealth.

The other scenario is the power brokers (Global Banks) accrue enough gold and silver to be in a position to dictate the new monetary system if the global fiat currency system fails. Is that going to happen? Who knows, but it’s common knowledge to the folks who follow the PM markets that many countries and Big Banks have been hoarding large quantities of gold the past 10 years.

I'm on my 5th mortgage. It's a bitch with so many kids and a single income, but .... if I survive China flu and live long enough ... /smokin smiley emoji}