The Death of the Dollar

engineer

Silver (and gold and platinum) have been real superstars this year because they have completely skyrocketed because of the global economic collapse that's slowly playing out. Put another way, the value of global currencies (like the US dollar) is plummeting in silver terms.

Price targets for silver getting thrown around:
$100: a nice round number
$200: previous all time high adjusted for CPI
$700: previous all time high adjusted for M2

If silver keeps going up I might be able to megadose certain Idealabs products

ThinPicking

@engineer said in The Death of the Dollar:

the global economic collapse that's slowly playing out

In your mind, engine.

If silver keeps going up I might be able to megadose certain Idealabs products

Idealabs products are supply chain and dinkov-sanctity sensitive. A family man with a day job.

I'm not barking, I'm just saying. Think about what you're pining for.

engineer

@ThinPicking said in The Death of the Dollar:

In your mind, engine.

This only applies to Boomers

https://x.com/KobeissiLetter/status/2002852263086207169

https://x.com/VladTheInflator/status/1999626585780171144

https://x.com/mattyglesias/status/2003283196771963026

https://x.com/VladTheInflator/status/2003539111660138701

https://x.com/nickgerli1/status/1997424665514463734

https://x.com/HedgieMarkets/status/1993836166563676184

https://x.com/FinancialPhys/status/1992727156435419443

https://x.com/infraa_/status/1986796067665629496

https://x.com/RentYourStocks/status/1985467490340651516

https://x.com/RayDalio/status/1983956902787661886

https://x.com/infraa_/status/1980967337735180339

https://x.com/FinanceLancelot/status/1979035029058548141

https://x.com/TicTocTick/status/1976805075936039156

ThinPicking

Where do you think the silver really is in your 'weakening labor market' gordon.

engineer

@ThinPicking the endgame is endless printing to prop up the economy, trump wants low interest rates which will lead to inflation, imagine weimar republic, gold and silver are 100% safe havens against this BS

Platinum and palladium are doing their own thing, I don't know what the future looks like for them

ThinPicking

@engineer said in The Death of the Dollar:

the endgame is endless printing to prop up the economy, trump wants low interest rates which will lead to inflation

This is old hat, your whole life.

imagine weimar republic, gold and silver are 100% safe havens against this BS

What kind of engineer are you.

engineer

@ThinPicking said in The Death of the Dollar:

What kind of engineer are you.

photonics engineer, it is almost literally the Peating of engineering:

nobody knows about it
based heavily in research (going to get a PhD as soon as I graduate because nobody else is researching this stuff)
objectively has the best prospects (all other engineering fields look saturated in comparison both in jobs and future invention potential)

ThinPicking

@engineer said in The Death of the Dollar:

photonics engineer

Excellent. Who needs a dollar or a noble metal when you can quant a corona. Or other miraculous feat.

objectively has the best prospects
future invention potential

Prospector dependant.

ZackVegas

@engineer said:

@ThinPicking the endgame is endless printing to prop up the economy, trump wants low interest rates which will lead to inflation, imagine weimar republic, gold and silver are 100% safe havens against this BS

It's amazing that in 12 words, someone can make a claim and then completely destroy it with a real world example.

The Weimar Republic had insanely high inflation, but also insanely high interest rates. Interest rates reached into the triple digits, so 100+%. Of course, the high inflation and interest is one of the things that allowed Hitler to come to power in the early 30's. His economic plan was to eliminate interest, which he did when he first came to power. It doesn't take a math genius to know that 0% is much lower than 100%. So if low interest leads to inflation, why isn't Hitler's government a prime example of hyperinflation, instead of the Weimar Republic?

The claim that low interest leads to inflation also defies basic logic. Inflation, in a strict sense, means an increase of available currency, but it's usually referring to rising prices. Obviously, a major factor of price of a product is the cost to produce it. Interest is something that adds to the cost of any product or service, and the higher the interest rate, the higher the additional cost. In fact, if an economy is heavily reliant on borrowing at interest, a small rise in interest can lead to an outsized increase in price, eg, a 1% increase in interest rates can lead to a 20% increase in price.

ZackVegas

@engineer said:

Silver (and gold and platinum) have been real superstars this year because they have completely skyrocketed because of the global economic collapse that's slowly playing out. Put another way, the value of global currencies (like the US dollar) is plummeting in silver terms.

Price targets for silver getting thrown around:
$100: a nice round number
$200: previous all time high adjusted for CPI
$700: previous all time high adjusted for M2

If silver keeps going up I might be able to megadose certain Idealabs products

Did you sell your silver at your $100 target? If so, good for you. You made a nice profit, and could buy it back today for about $58.

Calling it "The Death of the Dollar" seems like overkill. We saw a spike in silver like this before in the late 70s, and the dollar didn't die then, nor did US dominance. I would think the dollar has at least a few more decades in it, as the US Navy is still the most dominant in the world, and there is no serious challenger (China's Navy still runs on diesel).