DrStool Posted March 24, 2023 Author Report Share Posted March 24, 2023 47 minutes ago, SiP said: you cant have it in house. you have to pay for the deposit....in the bank or vault. I know a guy. Link to comment Share on other sites More sharing options...
MisFit Kid Posted March 24, 2023 Report Share Posted March 24, 2023 End of day End of week CRIME PAYS.....says it all Need about 1K - 2K banks to fail to really get it all higher...... Link to comment Share on other sites More sharing options...
fxfox Posted March 24, 2023 Report Share Posted March 24, 2023 Comical Ali won‘t appear this evening, but he just told Nick Timiraos privately: „Apple and Mafiasoft will save the world!“ Link to comment Share on other sites More sharing options...
Jimi Posted March 24, 2023 Report Share Posted March 24, 2023 22 minutes ago, DrStool said: I know a guy. I know a thousand spots in my yard where I could dig a hole. I could hide 100 1-ounce gold coins in different places in my house: distributed security. Make a google doc with their location, because my aging mind is a sieve. Hypothetical thieves come in and find some of them, but certainly not all. 100 coins = ~$200K. If you are making thereby a 5% allocation to physical, it assumes a net worth of $4m. Assume $1m of that net worth is equity in a California home. Assume the remaining $2.8m is the classic split 60-40 in equity & bonds. That assumes an equity portfolio of $1.68m. The $200K in physical is "worth" a 12% drawdown in that equity portfolio. There is risk of loss & there is risk of loss.... Link to comment Share on other sites More sharing options...
fxfox Posted March 24, 2023 Report Share Posted March 24, 2023 Probably the best documentary how it came to the financial crisis 2008. Starting in the 1990s, emphasis on Derivatives and de-regulation: Link to comment Share on other sites More sharing options...
Jimi Posted March 24, 2023 Report Share Posted March 24, 2023 We lived in San Francisco near Fisherman's wharf with a 2 year old and a 3-month old. Our region is notorious for earthquakes, and as certain as night follows day, eventually, the entire freaking region is going to come tumbling down when The Big One strikes. Our family just suffered through over 50 hours without power & heat because... there was a winter storm. It is not the first time we've lost power for an extended period and it won't be the last (although I am working on a contingency for next time...). Had the Big One hit while we were with 2 young children in the city, our plan was to take our gold coins down to the wharf and/or yacht club and seek to purchase any boat the hell out to somewhere outside the wreckage zone - and make our way to family in SoCal. With our family in tow, a five-figure one-way trip would have been inconsequential. I lived through the 1989 earthquake here, and I was trapped overnight in downtown LA during the Rodney King riots. California can turn on a dime: I've seen it and I've lived it. Gold coins may not solve all problems, but when the chips are down, and there's no electricity to feed ATMs, I want some for the contingencies I cannot even imagine. There is risk of loss... and there is risk of loss. Link to comment Share on other sites More sharing options...
Jimi Posted March 24, 2023 Report Share Posted March 24, 2023 Obviously, California is not the only locale that can turn on a dime. Link to comment Share on other sites More sharing options...
fxfox Posted March 24, 2023 Report Share Posted March 24, 2023 😂 Link to comment Share on other sites More sharing options...
fxfox Posted March 24, 2023 Report Share Posted March 24, 2023 Episode 2 of the magnificent Frontline documentary (it is from 2012, but it looks as it could have been yesterday): Link to comment Share on other sites More sharing options...
SiP Posted March 25, 2023 Report Share Posted March 25, 2023 A friend of mine call me and ask about gold online vaults (BTW this call speaks about temperature around gold I guess). I was not using that for quite some time (like 10 years). Which one is the best for European? I was using several years ago, maybe decade, Bullion vault (registered in UK). Any better right now? (website https://www.bullionvault.com/) Link to comment Share on other sites More sharing options...
SiP Posted March 25, 2023 Report Share Posted March 25, 2023 Link to comment Share on other sites More sharing options...
SiP Posted March 25, 2023 Report Share Posted March 25, 2023 Link to comment Share on other sites More sharing options...
Jimbo Posted March 25, 2023 Report Share Posted March 25, 2023 JIMBO'S ALGORITHM FOR THE DAY Financialisation = Fragilisation Link to comment Share on other sites More sharing options...
fxfox Posted March 26, 2023 Report Share Posted March 26, 2023 Link to comment Share on other sites More sharing options...
Jimbo Posted March 26, 2023 Report Share Posted March 26, 2023 WE ARE STILL IN NIRP LAND So many people act like we have left NIRP land far behind. We have not. Real rates still negative. The FED printed to keep us in NIRP land. Not to get us out of it. If the FED does'nt print anymore we will eventually get out of it. But today's rates are appropriate for RIRP land with NO printing other than for GDP growth). (That's real interest rate policy) The FED stopped printing when it all became just too crazy on the capital misalocation and inflation fronts. But they stopped far too late. Now the massive capital misallocation ponzi's are being unwound. It's not pretty Not pretty at all. Link to comment Share on other sites More sharing options...
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