Anonymous
Post 08/08/2025 13:23     Subject: Why did Gold spike after the jobs report?
Anonymous wrote:Well my gold jewelry got us like $20k from the jewelry shop so you know. Free money in my closet you could say. I agree gold has no value. Art neither. A lot of stuff has no intrinsic value. Love actually is of no true value. Not sure no value = priceless. We are buying gold quite a bit. When your stocks fall PP, I'll sell my gold as ponzu scheme or not, i can get actual funds with it. Hell whatever that will trade for money is what h will stock up on. WTF cares about the value - the value is what people assign it whether it's real or not.


What none of the gold bros seem able to answer is how gold is going to retain any value when we discover a nearby asteroid with trillions of dollars worth of gold on it, or when quantum computing figures out a cheap way to turn carbon atoms into gold atoms.

I'm sticking with reliable greenbacks and safe U.S. bonds.
Anonymous
Post 08/08/2025 10:14     Subject: Why did Gold spike after the jobs report?
Well my gold jewelry got us like $20k from the jewelry shop so you know. Free money in my closet you could say. I agree gold has no value. Art neither. A lot of stuff has no intrinsic value. Love actually is of no true value. Not sure no value = priceless. We are buying gold quite a bit. When your stocks fall PP, I'll sell my gold as ponzu scheme or not, i can get actual funds with it. Hell whatever that will trade for money is what h will stock up on. WTF cares about the value - the value is what people assign it whether it's real or not.
Anonymous
Post 08/08/2025 07:51     Subject: Why did Gold spike after the jobs report?
Anonymous wrote:Gold has no intrinsic value. Centuries ago it was prized because it was a shiny metal that did not rust. People used to make statues of golden animals and worship them. How much use does anyone have today for a "shiny" metal that does not rust? Shiny is not impressive anymore. And you can't build anything useful out of gold besides worthless trinkets to hang around your neck or your wrist. It's literally just a lump of shiny metal - you can't eat it, you can't build anything useful with it to help you with in any disaster situation. Gold doesn't may me any dividends, it just sits there like a lump of metal.

Gold is a ponzi scheme - you are just hoping the next sucker comes along and buys the lump of metal from you.

I prefer government bonds that pay me interest. Or quality stocks like Ford Motor Company and Union Pacific Railroad.


Exactly! I've been saying for years that gold is a ponzi scheme. It only has value if people pretend it has value. Gold has no dividends. Anyone who buys gold isn't buying it to do anything with it other than sell it to the next sucker! Gold is a scam.
Anonymous
Post 08/05/2025 08:12     Subject: Why did Gold spike after the jobs report?
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:^^ forgot the link https://www.federalreserve.gov/newsevents/pressreleases/other20250801a.htm

Sanitized letter. Anyone think she was the fall guy?


Resignation after two years is common for governors who are tenured academics. Typically, universities allow their professors two years of leave to do government service, but terminate them if they take more. You give up a lot if you give up tenure; as a professor of mine once put it, it is very hard to overestimate the present value of tenure.

Kugler became a Fed governor in September two years ago, so her resignation makes sense.

My guess is the spot will remain unfilled until the end of January when her term ends. Putting someone in her place before then makes little sense as they could get only the rest of her term. After six months they would have to be nominated and confirmed again. But if someone is confirmed in early February they will enjoy a 14-year term without a renomination process.


Wait, is this real? Biden's handlers intentionally (or incompetently) gave away a Fed seat to Trump???
Anonymous
Post 08/05/2025 08:01     Subject: Why did Gold spike after the jobs report?
It's a hard asset. job market is getting smaller and a recession indicator.
They are about to speed up money printing.
Anonymous
Post 08/05/2025 06:07     Subject: Why did Gold spike after the jobs report?
Gold has no intrinsic value. Centuries ago it was prized because it was a shiny metal that did not rust. People used to make statues of golden animals and worship them. How much use does anyone have today for a "shiny" metal that does not rust? Shiny is not impressive anymore. And you can't build anything useful out of gold besides worthless trinkets to hang around your neck or your wrist. It's literally just a lump of shiny metal - you can't eat it, you can't build anything useful with it to help you with in any disaster situation. Gold doesn't may me any dividends, it just sits there like a lump of metal.

Gold is a ponzi scheme - you are just hoping the next sucker comes along and buys the lump of metal from you.

I prefer government bonds that pay me interest. Or quality stocks like Ford Motor Company and Union Pacific Railroad.
Anonymous
Post 08/03/2025 13:51     Subject: Why did Gold spike after the jobs report?
Anonymous wrote:
Anonymous wrote:^^ forgot the link https://www.federalreserve.gov/newsevents/pressreleases/other20250801a.htm

Sanitized letter. Anyone think she was the fall guy?


Resignation after two years is common for governors who are tenured academics. Typically, universities allow their professors two years of leave to do government service, but terminate them if they take more. You give up a lot if you give up tenure; as a professor of mine once put it, it is very hard to overestimate the present value of tenure.

Kugler became a Fed governor in September two years ago, so her resignation makes sense.

My guess is the spot will remain unfilled until the end of January when her term ends. Putting someone in her place before then makes little sense as they could get only the rest of her term. After six months they would have to be nominated and confirmed again. But if someone is confirmed in early February they will enjoy a 14-year term without a renomination process.
Anonymous
Post 08/03/2025 12:53     Subject: Why did Gold spike after the jobs report?
Anonymous wrote:
Anonymous wrote:^^ forgot the link https://www.federalreserve.gov/newsevents/pressreleases/other20250801a.htm

Sanitized letter. Anyone think she was the fall guy?


Fall guy for what? I think it was her own decision. It's not like she is out of work or anything. If you boss is driving you nuts and if you have other options, would you sit there and take it? I'd not.
Anonymous
Post 08/03/2025 12:35     Subject: Why did Gold spike after the jobs report?
Anonymous wrote:^^ forgot the link https://www.federalreserve.gov/newsevents/pressreleases/other20250801a.htm

Sanitized letter. Anyone think she was the fall guy?
Anonymous
Post 08/02/2025 21:15     Subject: Why did Gold spike after the jobs report?
^^ forgot the link https://www.federalreserve.gov/newsevents/pressreleases/other20250801a.htm
Anonymous
Post 08/02/2025 21:13     Subject: Why did Gold spike after the jobs report?
I was wondering why gold would spike due to the jobs report, but now I don't think it was due to the jobs report at all. Something else happened Friday - one of the Fed governors resigned. This gives Trump the power to nominate a loyalist who will ease monetary policy for sure.

The clue is that her resignation was at 3:30pm and exactly that time gold jumped again. The earlier 8:30am jump was probably someone who knew it was coming.

This at least makes me less concerned about a crash on Monday, but more concerned about dollar devaluation.
Anonymous
Post 08/02/2025 20:40     Subject: Why did Gold spike after the jobs report?
Dollar cost average into GLDM. Won't go wrong in the long range. Most of the sovereign currencies are going to devalued.
Anonymous
Post 08/02/2025 20:28     Subject: Why did Gold spike after the jobs report?
Because liquor and guns aren't listed on the currency markets yet
Anonymous
Post 08/02/2025 20:23     Subject: Why did Gold spike after the jobs report?
Firing the head of labor statistics makes the dollar significantly less reliable. The USD being reserve currency is a huge benefit to the US but lack of economic transparency makes that unworkable.
Anonymous
Post 08/02/2025 20:02     Subject: Why did Gold spike after the jobs report?
There are no indicators or trends with gold anymore.
It's value is into uncharted and unseen territory now.