Sure be nice if the original chart creators would do more data corrections by using real currency values and per capita adjustments (see, for example, x-axis of "G10 debt/GDP vs 30-year yields, Cuckoo-land to the right top") to better put assertions in historical context. I know CPI numbers are manipulated strongly these days, but approximated 'real' values are better than nothing. And, what's with zinc -- do you know? As to mining's continuing low share of capital markets -- there's no post-WWII building boom going on in the West anymore, plus modern so-called 'investors' are all still much bemused by tech la-la land (no pesky EIS's required, among other things).
I am still chuckling and tearing up from that last one. It is Effin' funny as hell, and is funny because of the truth of it. Thanking you No1.
The Truth is fast and simple, maybe not easily digestible for some, but if one doesn't have 'blockages' or attachments to personal beliefs, then no worries mate!
If central banks buying gold left and right were so smart.............why were they selling gold when it was $200 and now they are all buying it at $4000??????
I swear people are buying gold the same way they buy stocks "cuz it went up"
Because: 1) "Central Banks" aren't run by the same people then and now. 2) US deficit wasn't $40 Trillion back then 3) It was a tiny bit less stupid if you factor in the compound interest they would have made in the 30+ years in between except: the Western /Japanese Central banks didn't really collect all that interest, they went and spent all the capital and more anyway 4) Under Basel III rules Gold is now a Tier 1 asset (100% can be used as collateral against Lending so makes buying it a lot more attractive - just waiting until they add silver 😂 , maybe for Basel XXXV ?
also that last meme isn't funny. :-)
It was a hard choice this week. And I like the cruel honesty of it.
Sure be nice if the original chart creators would do more data corrections by using real currency values and per capita adjustments (see, for example, x-axis of "G10 debt/GDP vs 30-year yields, Cuckoo-land to the right top") to better put assertions in historical context. I know CPI numbers are manipulated strongly these days, but approximated 'real' values are better than nothing. And, what's with zinc -- do you know? As to mining's continuing low share of capital markets -- there's no post-WWII building boom going on in the West anymore, plus modern so-called 'investors' are all still much bemused by tech la-la land (no pesky EIS's required, among other things).
Best weekend notes ever
I am still chuckling and tearing up from that last one. It is Effin' funny as hell, and is funny because of the truth of it. Thanking you No1.
The Truth is fast and simple, maybe not easily digestible for some, but if one doesn't have 'blockages' or attachments to personal beliefs, then no worries mate!
If central banks buying gold left and right were so smart.............why were they selling gold when it was $200 and now they are all buying it at $4000??????
I swear people are buying gold the same way they buy stocks "cuz it went up"
Watch WHO is buying and WHO was selling...
Because: 1) "Central Banks" aren't run by the same people then and now. 2) US deficit wasn't $40 Trillion back then 3) It was a tiny bit less stupid if you factor in the compound interest they would have made in the 30+ years in between except: the Western /Japanese Central banks didn't really collect all that interest, they went and spent all the capital and more anyway 4) Under Basel III rules Gold is now a Tier 1 asset (100% can be used as collateral against Lending so makes buying it a lot more attractive - just waiting until they add silver 😂 , maybe for Basel XXXV ?
By that Basel number, silver will be as expensive as gold I assume... The way it is STILL being used due to price suppression...
Thanks No1 for the post and the great meme.
😆