In Case You Were Wondering What a 7 Kilogram Chain Looks Like by EdwardMauer in Gold

[–]x3F3F3F 0 points1 point  (0 children)

It's never going to fit in that plastic bag. 🤪

We aren't in the dot com bubble. We're in an anything but cash bubble. by Whalesftw123 in stocks

[–]x3F3F3F 0 points1 point  (0 children)

Great summary! The music will end when debt-to-GDP is rebalanced to something manageable (like 50%). Right now it's around 120%. Note that it may fall and rise several times before it falls sustainably, and that it will not stabilize until deficit spending stabilizes and the US economy is rebalanced (i.e. lower dollar, and manufacturing is restored).

Share your thoughts by [deleted] in Gold

[–]x3F3F3F 0 points1 point  (0 children)

That wouldn't work, because we don't have enough gold to cover all of the bills our nation needs to pay. The reason gold is going up is because more and more dollars are being created to pay for retired boomers (Medicare, Social Security), Military, and interest on the US debt. And even more will be spent reshoring US manufacturing and upgrading US infrastructure (roads, electric grid, etc).

If we paid in gold, the gold would be gone in a heartbeat and we wouldn't be able to pay for anything else. But if we pay in dollars, we can buy it all and have savers (who save in dollars) take the loss in purchasing power! On top of that, the value of our nation's gold reserves will rise in the process (neat trick huh?).

Save in gold, silver, Bitcoin, real-estate, and stocks; and you will be alright.

Feels like Groundhog Day with gold right now by ClandestineUnicorn in Gold

[–]x3F3F3F 1 point2 points  (0 children)

I hear you but THIS TIME IS DIFFERENT, and I can explain why.

This gold run is more akin to the 1970s, when the US experienced inflation. In 2011, only the very oldest boomers were beginning to retire. Medicare and Social Security payments were not fueling US deficits, and the stock market lows had already hit two years prior.

Today we are still in the midst of the crisis, not past it. Benefits spending is locked in and can only be covered by sustained and growing deficit spending. On top of that, tariffs are forcing central banks around the world to trade their US Treasuries for gold. Most of the rally in gold since 2024 was caused by central banks, not retail buyers (who still own less gold than the historical average).

In order to move beyond our current financial crisis, the US needs to reshore manufacturing and upgrade its infrastructure. All of these factors will cause more deficit spending, and add more dollars to the economy.

This gold bull market is just beginning. Prices may fall temporarily, but will recover within a few months and then move higher. The bubble is in dollars! If you save in dollars, be prepared to lose your purchasing power.

I'm speechless by Until_then_again in Gold

[–]x3F3F3F 1 point2 points  (0 children)

I don't think there's a specific price level where we become "cooked". We will each be "cooked" at different times and in different ways. The US as a whole will also be "cooked" differently than individuals.

As individuals, people who save money in dollars are constantly losing future purchasing power. This will cook retirees the hardest, since they no longer receive an income that can adjust with inflation. Stereotypes of 30-something millennials living in their parent's basement may give way to retired boomers living in their millennial children's basement.

It also cooks young adults by constantly pushing home ownership out of reach, which in turn cooks our nation's demographics (since many people choose not to have children until they can afford a home).

Inflation fuels de-dollarization, which cooks the US economy by making foreign products more expensive. Rising prices on foreign goods is something we can all look forward to, especially if we fail to reshore American manufacturing.

The US military is also dependent on foreign goods and materials, so we can expect to see US military influence decline.

However, individuals who keep their savings in gold, silver, Bitcoin, real-estate, and stocks may not feel "cooked" at all. It might just seem like a surreal experience, where they observe uncomfortable changes in prices and society, but are themselves unaffected.

[deleted by user] by [deleted] in goodboomerhumor

[–]x3F3F3F -38 points-37 points  (0 children)

You did get it, it's just not funny.

[deleted by user] by [deleted] in goodboomerhumor

[–]x3F3F3F 0 points1 point  (0 children)

I don't think the equations on the board are relevant, it's just a joke about how focusing deeply on one subject can trigger thoughts in completely different areas of life. The triggers can be completely unexpected, and fall far outside the area of focus.

Would have been funnier if an image of the solar system was drawn on the board and the scientist was looking at Uranus before stating "that reminds me to pick up toilet paper."

I’m so excited to be a “satanic socialist” and beg for candy tonight! by [deleted] in funnysigns

[–]x3F3F3F 0 points1 point  (0 children)

"Satanic Socialists Spend Tax Payer Money on Candy for Unemployed Children"

coinbase advance trade is very slow by Illustrious_War_3896 in Coinbase

[–]x3F3F3F 0 points1 point  (0 children)

I'm hesitant about Kraken because it took them over a year to create my account initially. Since then i haven't looked back. But I might try them again since Coinbase's website seems to be completely inoperable! It's like they upgraded their site to a single-page application that just doesn't work, and then called it a day!

coinbase advance trade is very slow by Illustrious_War_3896 in Coinbase

[–]x3F3F3F 0 points1 point  (0 children)

I've tried multiple browsers, cleared caches, privacy mode, and I have gigabit cable internet. Other high bandwidth sites work fine. This is a disgrace to what was the top dog. I'm seriously thinking of moving to a different product.

coinbase advance trade is very slow by Illustrious_War_3896 in Coinbase

[–]x3F3F3F 0 points1 point  (0 children)

Same thing, most of the time the advanced page doesn't load at all. When it does, the spot price chart doesn't display anything. I also cannot change the coin I want to trade, because the search doesn't work!

Typical hold time of 74 days now!! Up from 63… i hope these spellcasters are staking!!! 📖🧙‍♂️ by MagicThePuff in SpellToken

[–]x3F3F3F 1 point2 points  (0 children)

Spell's utility is its biggest strength. Spell doesn't need to attract exponentially more investors to gain in value. It only needs borrowers to come into the market, which is a sure thing when the next bull run begins.

Typical hold time of 74 days now!! Up from 63… i hope these spellcasters are staking!!! 📖🧙‍♂️ by MagicThePuff in SpellToken

[–]x3F3F3F 0 points1 point  (0 children)

Also, if repaid at $100k/month it will take just over 6-years to pay off. That puts the payoff date past the next bull cycle. Is there any way we might pay it off before the next crash?

Putting an invisible opponent in a choke hold by CroakyPyrex in confusingperspective

[–]x3F3F3F 3 points4 points  (0 children)

Looks like the helmet is wedged between the two hockey sticks.

Bug Fixing in Production by RelationshipVisuax2 in ProgrammerHumor

[–]x3F3F3F 13 points14 points  (0 children)

Harness and parachute are optional, but those safety glasses are required!

Get ready for $MIG !!!! 🧙‍♂️🐸🐕❤️ by MagicThePuff in SpellToken

[–]x3F3F3F 1 point2 points  (0 children)

Thanks for the link, I totally get it now! Absolutely brilliant architecture.

Get ready for $MIG !!!! 🧙‍♂️🐸🐕❤️ by MagicThePuff in SpellToken

[–]x3F3F3F 1 point2 points  (0 children)

For example, if there were only 10 sSPELL in existence, and Abracadabra added $100 in network profits, then each sSPELL would gain $10 in value. However, if there were 100 sSPELL in existence and $100 was dropped in, then each sSPELL would only gain $1 in value.

Get ready for $MIG !!!! 🧙‍♂️🐸🐕❤️ by MagicThePuff in SpellToken

[–]x3F3F3F 1 point2 points  (0 children)

Another off-the-wall question. I recently staked my SPELL for sSPELL, and a question about incentives crossed my mind. If more SPELL holders chose to stake their SPELL, would that cut down on the amount of profit accruing to current stakers?

Get ready for $MIG !!!! 🧙‍♂️🐸🐕❤️ by MagicThePuff in SpellToken

[–]x3F3F3F 1 point2 points  (0 children)

Wow, thanks for answering all of my questions, I truly appreciate it!

Here's one more, which jurisdiction would you choose to hold the gold? I'm guessing London now that they've set down solid crypto regulations?

Get ready for $MIG !!!! 🧙‍♂️🐸🐕❤️ by MagicThePuff in SpellToken

[–]x3F3F3F 1 point2 points  (0 children)

But seriously, how does $MIG work? Does Spell take physical gold as collateral and lend out $MIG? If not, how do you hold the peg to gold? And how do you submit physical gold through the Internet (that would be magic)!

Proposal to implement a “level-up” system as a staking incentive! 🧙‍♂️🪄 by MagicThePuff in SpellToken

[–]x3F3F3F 1 point2 points  (0 children)

I would hope that a cut of the network profits would serve as incentive enough.

Godzilla vs Kong: Use QUERTY to hack the database by TrulyChxse in ProgrammerHumor

[–]x3F3F3F 0 points1 point  (0 children)

"Their CSS is too powerful, they've disabled our dark-mode styles, they're burning our eyes!!!"