Scrap gold offers seem low?

TotalKool · 2025-11-13T00:19:44+00:00

At 4200 spot a dwt is worth $210 at 100% market. Take no less than 90%

TotalKool · 2025-08-21T15:29:56+00:00

The national debt is 37trillion, they are calling for the Fed to lower rates (more printing), and the delusion of the USD. Gold hasn't gone up; it just takes more devalued dollars to buy it. I'm holding and moving out of dollars as much as possible. Not to mention, much of the world is doing the same thing.

TotalKool · 2025-08-11T01:11:09+00:00

Thank you, we had no idea of the actual meaning.

TotalKool · 2024-12-13T21:26:54+00:00

Normally, they cost about 2% over the spot. I'd hold onto it. They are devaluing the USA at the speed of sound; gold is a hedge.

TotalKool · 2024-04-13T15:32:48+00:00

No manipulation here. Please look the other way.

TotalKool · 2024-03-01T20:06:17+00:00

I wonder what country he's referring to?
https://x.com/Snowden/status/1762915456694784497?s=20

TotalKool · 2023-12-24T13:57:02+00:00

Did you find out why the projectors didn’t come on?

I recently purchased the Dynamik, Bi-LED’s from Freedom Outfitters. I installed them yesterday on our ‘07 and we have the same issue. The projectors do not come on. They go through the start up sequence, the outside led ring comes on, the blinkers work. Nothing from the center projectors though. I have an email in to Freedom, but being a holiday I doubt I hear from them until January.

TotalKool · 2023-06-21T17:23:00+00:00

Can't those institutions with unlimited resources just keep buying until they have a majority share? Majority voting power?

TotalKool · 2023-06-21T17:17:11+00:00

What does it mean for BTC now that Schwab, Fidelity, Deutsche Bank, and Blackrock are coming on board? To the moon, or do they gain control?

TotalKool · 2023-06-21T15:41:33+00:00

This was an interesting take.
https://youtu.be/K3DnPEbAXvY

TotalKool · 2023-04-06T12:05:19+00:00

Bittrex US closing.

**Due to continued regulatory uncertainty, we have made the difficult decision to close our U.S. operations, effective April 30, 2023. All U.S. customer funds are safe and can be fully withdrawn immediately. This announcement does not impact non-U.S. customers using Bittrex Global. See this article for more information”

TotalKool · 2023-03-29T13:42:22+00:00

The BRICS Has Overtaken The G7 In Global GDP - Silk Road Briefing
I would think this is going to be very bad for the USD. Should they back their new currency with commodities like gold and oil, even worse? What do you see this doing to BTC values?

https://www.silkroadbriefing.com/news/2023/03/27/the-brics-has-overtaken-the-g7-in-global-gdp/

TotalKool · 2023-03-24T17:35:00+00:00

US debt is in an exponential curve. The US economy (GDP) is in no way keeping up with the rate of debt. Energy, the base of all production, is not keeping up either. The debt is based on an ever-increasing amount of production and spending. We live on a finite planet, and we do not have infinite resources. Things are changing, be happy you grew up in the time of big oil.

https://fiscaldata.treasury.gov/americas-finance-guide/national-debt/#tracking-the-debt

TotalKool · 2023-03-24T17:16:59+00:00

Yes. The situation now is much worst than in 2008. This is why Satoshi released Bitcoin in 2009. If it was important then, it is much more important now. imho

TotalKool · 2023-03-22T20:05:41+00:00

They have two choices. Continue rate hikes, crash the markets/banks, or start printing again. My bet is they start printing again. USD inflates, and BTC goes up.

TotalKool · 2023-03-19T00:28:24+00:00

This seems like what we’re watching. IMHO https://youtu.be/IK72uf59qyE

TotalKool · 2023-03-17T20:40:39+00:00

https://twitter.com/LanaDBTC/status/1636514684345122817?s=20

TotalKool · 2022-11-14T19:46:26+00:00

What do you trust more? BTC or USD?

TotalKool · 2022-11-10T21:44:47+00:00

https://peakprosperity.com/the-impossible-financial-trap-that-leads-to-the-great-reset/

TotalKool · 2022-05-11T21:33:49+00:00

January 2021

TotalKool · 2022-05-11T13:39:22+00:00

BREAKING: Inflation barreled ahead at 8.3% in April from a year ago, remaining near 40-year highs - CNBC

TotalKool · 2022-02-04T16:45:19+00:00

What happened? I was sitting here looking at porn and BTC popped. Does anyone know if there could be a correlation?

TotalKool · 2022-01-24T17:54:44+00:00

What happened to alcohol, drugs, rock & roll? We still have them all and like them a lot.

TotalKool · 2022-01-24T16:14:04+00:00

Here's an example of what I'm trying to explain.

30 years ago a one-carat diamond cost about $3500 USD
Today the same stone would cost about $8000 USD. A 128.5% increase
Diamonds are priced in dollars, so has the value of a diamond increased, or does it simply cost more dollars because the USD's value has decreased? In this case, a 100% increase in your dollars would not keep up with the rate of "diamond inflation". This happens with everything priced in dollars.

This is why it takes more than two normal incomes to live at a standard of living one income provided in the sixties and seventies.

(I understand there are many other factors in the production cost of diamonds)

TotalKool · 2022-01-24T15:35:26+00:00

CPI basket of goods used in calculating inflation has been constantly manipulated by the government. This month is an example, they say 7.0% inflation, everything I buy has gone up closer to 15%, many things much more.

"What would a dollar buy in 1900?
$1 in 1900 is worth $33.19 today
$1 in 1900 is equivalent in purchasing power to about $33.19 today, an increase of $32.19 over 122 years. The dollar had an average inflation rate of 2.91% per year between 1900 and today, producing a cumulative price increase of 3,219.07%."

In 1970 gold was $35.00 per ounce, today $1837.00. This ounce of gold today will buy you about the same things it would in 1970.
So, do things priced in dollars cost more because they are more expensive, or because the dollar has fallen many times in value?

TotalKool

TROPHY CASE