Testing The Financial Apologists

Chilton was a strong advocate of strict govt regulation of the commodities market. Ate you saying govt regulation is natural market forces?So you are ok with commodities you like soaring. Fuck people that invest in commodities other than gold and silver.
The rest is unevidenced bs from your youtube fever dreams.

They live in Puerto Rico because there is an extremely poorly written law that allows them to live there tax free. Chilton was a bureaucrat. He did not have policies, he enforced the policies of the current administration. Yes he pushed for rigorous enforcement of laws and regulations but they were not his policies. You examined nothing. You are not smart enough to understand this issue. Please provide source for the $900 million fine. What does this even mean? Maybe you need to diagram the sentence in order figure out the meaning.

JPMorgan Chase & Co. Agrees To Pay $920 Million in Connection with Schemes to Defraud Precious Metals and U.S. Treasuries MarketsThat came from the Office of Public Affairs.I'll take an IQ test against you elitists any day of the week so back off with your personal attacks. I may be undisciplined in regard to providing data, but I have intuition which you lack. Data is all you ever go with. I only hope that you are smart enough to put 5% precious metals in your portfolio.

Did I say that? Nobody is ever going to get rich on soybeans or copper. The error that I believe you, Taq, and Percy make is that you have an incorrect view of the global monetary system. You see the US dollar as the modern day bedrock. I point out that its an illusion...what you see is quicksand. Percy will claim that I got all of this from YouTube con-men. About the only thing that he has right is that my blood sugar is high. I talk with people in person who are in the industry. I talk with people who are well educated yet much nicer than you guys. You think you know everything! How do I *know*? Because one of you will ALWAYS tell me that *we tried to teach you* but you never listen. Since when are you teachers? You have no more intelligence than I do. My economic sin was gambling. It was an addiction. That aside, I have done my homework.AddbyEdit: Precious metals are *not* an investment. They are an insurance policy.

Your intuition told you that the markets should be deregulated.In almost the very next post you say that people who violate the regulations within the commodities markets should be held to account.So which is it? Should those regulations be removed, or should they be enforced?

It isn't just me. It's the rest of the world.The US dollar is seen as the best currency to hold in national reserves as shown by how many nations do just that. The US dollar makes up almost 60% of foreign exchange reserves across the globe with the Euro in second place at about 20%.I am also looking at history. How has the US dollar done against other currencies over the last 20 or 30 years? Pretty good. Is it collapsing like currencies in some other countries like Argentina or Turkiye? No. During this whole history the US dollar has been a fiat currency not backed by gold or anything else, and it has done well. You haven't offered anything to indicate that something will happen differently in the future. You act as if we don't know that the US dollar is a fiat currency. We know. You seem to think that the US dollar will collapse just on the basis that it is a fiat currency. That's silly. If I were looking for an insurance policy I would buy bonds. In fact, that's what retirees usually do, putting a percentage of their funds in bonds as a no risk insurance policy and putting the rest in riskier investments for growth.Added in edit:You can also look at historical trends. For example, look at a comparison of the S&P 500, DJIA, gold, and silver here:Stocks vs. Gold - Updated Chart | LongtermtrendsFrom those charts, I know what I would want to be invested in for the long term, and it isn't those two bottom lines (i.e. gold and silver).

A 5% holding of anything is not going to do much of anything. Do you understand percentages at all?
Do you have any concept the fees in holding precious metals?

Like Jesus? WTF does that even mean?

I guess what I meant was that the government should regulate them but the government itself should not ever interfere with them. I have no proof that the US Military keeps the price down for national security needs (which would be a nutty conspiracy) but FDR had no right to do what he did in 1933 did he? I mean, c'mon! You and AZPaul3 crow about the ongoing power of the US dollar worldwide, but if the price we Americans paid for that was keeping the price of gold and silver controlled THAT would be unfair.What J.P.Morgan Chase did was also wrong and was properly addressed through a large fine.

Point taken. You have a valid argument for historical purposes. I would pay close attention to the bond market in the future, however. (Not going to claim that I know either)Listen I cannot claim that I am right and you are wrong, but I sense a disturbance in the force. I will keep trying to provide better sources to make my case.

Regulation is not interference? Do you have any clue what you are yammering about?

Regulations are the government interfering in a market. So why are you all riled up about something that happened in 1933? How is that going to cause the US dollar to collapse now, in 2024? Why hasn't that collapse already happened in the intervening 91 years? Gold and silver are a global commodity bought in an open global market. The only way any country can affect the price is by either dumping gold onto the market or buying a lot of it. I wouldn't be surprised if countries do do this from time. It certainly happens with oil, as when OPEC lowers or raises production quotas to influence the price of oil.

US bonds are also very popular abroad because they are never defaulted on. However, the Republicans do like to flirt with having the government default on its debt which has stressed the markets in recent history.

Yes I understand the fees of owning a safe deposit box. Apart from burying it in the ground or buying a safe, there are no other solutions to safely store it.I continue to study the markets and the global game that is being played. My argument is that it is the United States who is being played and while the financial media here hypes up stocks and bitcoin, the real bedrock is still gold and commodities. The nations of the world not in alliance with the West are slowly starting to understand this.My basic argument is that the East (Shanghai Commodity exchange) is the ones who short the prices and then take delivery on the hard assets themselves rather than fiddling around with ETFs. This is smart. I have seen data on the dramatic increase in buying from the East.AddbyEdit:
Business InsiderThe debt is increasing and is approaching unsustainability. Though China still willing buys and holds our debt, I feel that it is only because their national interests depend to a large degree on our fiscal health. They are playing the long game, however.

This is a bigger game than simply Democrat vs Republican. This is China vs the US. Look at the data of how much gold is being bought (in physical form, mind you) and moved from the Comex to Shanghai. It used to be London and the Comex calling the shots. Now, the East is in the drivers seat.Years ago I learned that the US credit markets would someday be in checkmate. They could not raise rates too high without increasing debt exponentially. Yet if they lowered rates too far, real interest would be negative (after inflation). Of course everyone here hangs on every word from the FED and Powell and Yellin. The fact is, they have already lost and they know it. The American Public just don't know it yet.You have shown me a lot of statistics from the past regarding the global influence of the US Dollar. Keep watching those figures and you will eventually see the change that is occurring.