31 Replies to “It’s Probably Nothing”

  1. Currency debasement. Though there’s argument to be made that Wars are the real cause of inflation, AU has risen spectacularly in parallel since mid-2022, with Gaza and Ukraine.
    I’m on board, and smiling.
    Now, with new uncertainty in this country’s craptacular leadership, dooming us to an even weaker economy, AU is a hedge against that as well. With the wars winding down, I have to thank the redundant Liberal party for further increasing the value of my AU holdings!

    2. *
      Invest in a Dillon reloading machine and dehydrated food. Bullets and beans will never steer you wrong.

      Nine meals from anarchy, babycakes.

      *

        1. The one thing that so many people seem to forget. When there is no food all the gold in the world won’t keep you alive.

          1. There’s always one thing people like you seem to forget. Once man advanced beyond being a hunter -gatherer and was trading with other men for goods or services, he always ends up using something as a medium of exchange and store of value (money).

            The barter system isn’t scalable.

          2. Phil, did you miss the part where I said there is no food available, I don’t give a damn what the medium of exchange is when you cannot exchange it for something that is not there.
            People like me rarely forget things.

          3. Phil, I believe the underlying theme in this thread is dealing with the roaming scavengers when the system collapses, those whose only talents are raping and pillaging and murdering for a piece of bread.
            There’ll be no trading with them for goods and services.

  2. oooooh gawd l remember those heady days early 80s.
    l had a 3 oz gold bar stuck in a vault in London after l moved to st catharines as the price went down down down. l finally retrieved it.
    the moment l sold it the price turned around and went up to . . . to . . . . . . . .
    l cant say it lol ! it was the LAST time l speculated on precious metals.
    oh well the good news l was in st catharines to take a promotion and worked ther until early 90s when the ex got xferred to oakville. the job paid for the house lm in.
    when l sell lm gonna buy gold again but ONLY to maintain my cash equivalent or whatever they call it, not to speculate. or something like that. l will have a LOT more time to consider the market.

  3. F@CK money shite, which never ends. Nor do the grubbers of the filthy 30 pieces.
    Instead, be human, and remember Garth Hudson, the last waltzing teacher of the Band, who just went to glory to join his band mates up on heavenly cripple creek.
    Call it “hippy” logic, but some stuff matters far more than other shit.
    That’s just, like, my opinion, man.
    And I am conservative, so there. Small c and all that….

    1. Yeah, I just heard about that on the radio on the way home. Rock & Roll Heaven must have one hellova band!

    2. Damn Stevie. Couldn’t have said it better myself. There is no doubt I could be a LOT wealthier than I am (not to imply I’m wealthy, cause I’m not). But I’ve always ascribed to that “hippie logic” … with a little dash of ”what does it available a man to gain a fortune and lose his soul” Those messages have resonated with me my entire adult life.

      Does that mean I never got an education and worked hard? Hardly. I cannot tell you how many all-nighters I’ve endured to get a project done. But it’s never been about the money … it’s about “the work”. But I honestly believe that God has always provided for me. I’ve had times when money was tight, but we’ve always managed. To meet our obligations as we’ve rarely lived beyond our means.

      But God has always delivered the next job out of the blue. Yeah, I should probably take full credit for such things as my “word of mouth” network is strong. Yeah, that’s part of it, but God has always looked after me … always seemed to have protected me.

      And you know that this UC Berkeley wannabe hippie is rather BIG C conservative… but I’ve always known I don’t (and won’t) fit into anyone’s molds

      1. Have been prosperous most of my life, not rich but always had enough. Worked hard most of my life and had some luck as well.

      2. Had a finance guy say that you make your own luck.
        I’ve lived by that for many years.
        Like you, I have worked to get the job done right. The pay was the pay and it made for a decent life with my wife and family. Reputation got me into some decent gigs where the work paid much better and we used that to insure a good future by paying off mortgage and loans. Enjoyed some of it too.

        1. I agree. As I always encouraged my competitive soccer players to … “get stuck in”. You gotta PLAY the game … actively … not just watch the ball roll along whilst others play it.

  5. It’s the Zimbabwe solution in action. A 25% tariff levied by the US probably won’t make that much of a difference in a few months.

  7. Hmm… does this chart use constant dollars? I don’t think so. I recall years ago that gold was $400 or something an ounce, in today’s canadian pesos that’s a grocery shopping trip.

  8. Bought gold years ago….still have it. And I now have my own version of alchemy…..whenever I take our bottles and cans back to the depot for a refund, I go and buy silver maple leaf coins with the money. Turning aluminum into silver.

  9. I bought 6 individual ounces of gold several years ago to give to my grandkids when they graduate Grade 12.

    The average price was $400.00 and ounce.

    The first one graduates next June.

  10. About 5 years ago my tenant was short on cash to pay rent, so he offered me the equivalent in a 1/4 oz Maple leaf and some 1 oz silver bars. I was hesitant, but accepted, and subsequently bought more. Overall, my investment has increased in value almost 40%. Nowadays, for foreign travel, I take a half-oz or more with me and sell it at a gold exchange for the local currency. I’ve made money, and saved a lot on exchange fees charged on debit and credit cards.

  11. For about 5 yrs before retirement I dumped almost all my savings and after tax income into physical metals instead of speculating in traditional investment vehicles. I knew I was right when I heard some idiot blathering on about how deficits didn’t matter and that the budget would balance itself. After what these morons have done we’re looking at a repeat of the late 70s early 80s but this time on steroids. Buckle up.

  12. Last Christmas , I gave the grandkids one ounce silver maple leaves. The lecture that went with it was that back in 1975 I bought some silver and at the time the cash I paid for one ounce would buy 12 loaves of bread. I then told them that the same cash from 1975 that paid for the one ounce would now only buy 2 loaves of bread but the one ounce of silver would still buy 12 loaves of bread. Over the long term, it’s savings / real money that holds its value. I suspect that in Roman times one ounce would buy 12 loaves as well.

    In the short term it languishes, explodes, and then quickly returns to a price constantly increasing relative to fiat currencies.

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