Craig's Palladium Call

8 posts / 0 new
Last post
#1 Sat, Feb 23, 2019 - 12:07am
TeamPlayer
Offline
Joined: Feb 22, 2019
5
2

Craig's Palladium Call

I found Craig's recent palladium analysis very insightful and possible. The way I see it, the “heavy weights” have been able to paper over the gold and silver markets in concert because they “literally” run the show. I often wonder about why the SEC turns a blind eye to all of this, but that is an entire discussion unto itself.

However, as Craig succinctly points out, the paper leverage factor with regards to palladium is off the charts. So, if palladium is the canary in the coal mine, where would that put platinum. I have only a small holding in either of these two metals. But it stands to reason that it would only take a small number of palladium paper contract holders to demand delivery (it could just be a handful of catalytic converter manufactures wanting to guarantee their supply for production purposes) to expose to the world that the emperor has no cloths; thus causing a long deferred disconnect between physical and paper palladium contracts to ACTUALLY OCCUR.

Assuming that transpired, it would seem to me platinum is in pretty much in the same boat because of its low above ground physical supply. And as we stand today, platinum is at an all time ratio low to gold and silver. Given these conditions, equally balancing (for the most part) a person's physical precious metal allocation between gold/silver/platinum seems to be a reasonable plan. A person could easily do a IRC 1031 exchange with silver or gold for platinum with no current federal tax implication and take advantage of the favorable gold/silver to platinum all time low ratio situation.

I'm a new subsciber to tfmetalsreport, and I am happy to be in a group of intelligent folks that have read their history books and have come to the realization that the probability of this time “being different” is extremely remote. It is Meathead 101. Debt has and always will crush empires from the inside out. And “ALL” desperate governments throughout the millennia have (and always will) resort to desperate measures to avoid being blamed for their inexcusable fiscal policy management that they supported so they could reap the benefits at the expense of the citizens they are supposed to be looking out for.

Raising taxes is such a joke. In the big scheme of things (when we are talking trillions), tax hikes are counter productive. First they can’t even come close to even begin to solve the “Gargantuan Debt Problem”, and two, they just chase away the one class of people who might actually be able to get the ship heading in the right direction by increasing national productivity …GDP.

As the USA has announced no plan whatsoever to address our relentless currency debasement diaster, I am very concerned about losing our world reserve currency status. The US Government debased the USD so severely, that when Nixon decoupled the USD from gold our goose was cooked. Kissenger's plan to use US military might to get the Saudis (OPEC) to only use USD's to transact in was ingenious at the time, but now the chickens are coming home to roost. Weaponizing the USD utilizing the SWIFT system has only encouraged the world to begin abandoning the USD that much faster. A sad (all too common throughout history) story indeed.

Sun, Feb 24, 2019 - 11:43am
HappyNow
Offline
-
Canada
Joined: Jun 14, 2011
1501
3281

Welcome Teamplayer,

Welcome Teamplayer,

That’s a great first post.

All that you say I see also as happening however let’s check timing. I don’t see the USD losing world reserve status any time soon (meaning not for at least 15 yrs) and it would not surprise me if it was still in place in 2040. There is simply nothing to replace it. Sad, perhaps, but so it is. The USA is far from alone in racking up massive debts, seeking taxes and the other ills you mentioned.

Swing trade indexed ETFs. Long physical gold, silver, and 1 miner.
Sun, Feb 24, 2019 - 2:08pm HappyNow
TeamPlayer
Offline
Joined: Feb 22, 2019
5
2

Re: Comment

Thanks HappyNow for the thoughtful reply.

Sincerely,

TeamPlayer

Mon, Feb 25, 2019 - 3:47pm
zman
Offline
Joined: Jun 15, 2011
1432
4692

tax hikes

The elite should be paying much more in taxes. What has the corporate tax done? All the companies have done is buy back more shares and now the Federal debt is exploding highers and tax revenue is DOWN.

Guess what's going to happen as a result? They're going to make massive cuts to SS and Medicare in the years ahead. That's right, it will fit perfect for a 0% or negative interest rates in the US, it's coming.

We have the worse wealth inequality in over 80 years, one of the main reasons is the elite refuse to pay their fair share in taxes, why would you support those crooks?

Mon, Feb 25, 2019 - 10:46pm zman
HappyNow
Offline
-
Canada
Joined: Jun 14, 2011
1501
3281

zman, taxing the elite is an

zman, taxing the elite is an idea but it doesn’t get at the cause....they are just the last ones standing that have money. Once you tax and spend them broke where do you turn? Plus, as said above, they don’t have enough money, even at a crazy high tax rate, to solve the problem.

It’s where tax money is going that needs attention....for instance if it is lining the pockets of the elite then your solution will just be a costly money go round....from their pockets to taxes at the front door and back in their pockets through corruption in the back door.

Swing trade indexed ETFs. Long physical gold, silver, and 1 miner.
Tue, Feb 26, 2019 - 11:25am HappyNow
zman
Offline
Joined: Jun 15, 2011
1432
4692

HappyNow wrote:

HappyNow wrote:

zman, taxing the elite is an idea but it doesn’t get at the cause....they are just the last ones standing that have money. Once you tax and spend them broke where do you turn? Plus, as said above, they don’t have enough money, even at a crazy high tax rate, to solve the problem.

It’s where tax money is going that needs attention....for instance if it is lining the pockets of the elite then your solution will just be a costly money go round....from their pockets to taxes at the front door and back in their pockets through corruption in the back door.

You do realize if The Elite are taxed at a higher rate, it more evenly distributes the money which helps boost real economic growth? The money just doesn't disappear, it enters the real economy instead of being hoarded. It's also one of the main reasons why interest rates can stay so low and why gold can't trade higher, there's NO velocity of money today, that's exactly what The Elites want.

The Elite generate their wealth off of labor and then hoard the money that would otherwise be spent by the peasants with higher wages. This is the reason why the INEQUALITY continues to get worse everyday. If we go back to the 1950's-80's, we had more than $2 trillion of wages per year on a relative basis than today, that money got taxed and spent into the real economy. Today, The Elite don't pay the tax and then don't spend the money.

The Elite have made debt slaves out of everybody because they refuse to pay their fair share of taxes since the early 1980's, again- why would anyone defend those crooks? Because"conservatives" think higher taxes won't "fix anything"? That doesn't make any sense.

Look at the tax revenue relative to GDP in countries like Germany, much higher than the US. Look at their effective tax rates in Germany relative to the US. Did you ever notice NOBODY ever wants to discuss those statistics?

Tue, Feb 26, 2019 - 4:52pm
hilton_h181
Offline
Joined: Jan 31, 2019
3
8

Platinum/Palladium Miners

Does anyone have any recommendations for platinum/palladium miners? Mightn't be a bad idea to have a foot in that door incase they break out before gold/silver.

Tue, Feb 26, 2019 - 7:43pm hilton_h181
TeamPlayer
Offline
Joined: Feb 22, 2019
5
2

Platinum Miner (recommended by Michael Oliver -MSAReport)

NYSE: IMPUY

Up 3.43% today.

Michael Oliver likes it in his MSA newsletter.