the Musk/Trump ‘bromance̵7; will have a limited shelf life imo, at some point he’ll have to rein him in. You can make your own mind up which way round that’ll be. But there’s no way those two egos can coexist with longevity… |
if you use Gemini 2.0 Flash Thinking Experimental model and ask the following question:
"at what price would USA Gold holdings become worth the same as the usa national debt"
The result is:
Calculation Steps:
Step 1: Calculate total troy ounces of gold held by the USA.
Total troy ounces = (Gold holdings in metric tons) * (Troy ounces per metric ton)
Total troy ounces = 8,133.5 metric tons * 32,150.7 troy ounces/metric ton
Total troy ounces ≈ 261,515,855 troy ounces
Step 2: Calculate the price per troy ounce needed to equal the national debt.
Price per troy ounce = (US National Debt) / (Total troy ounces of gold)
Price per troy ounce = $34,000,000,000,000 / 261,515,855 troy ounces
Price per troy ounce ≈ $130,002.85 per troy ounce
Therefore, for the value of US gold holdings to equal the US national debt of approximately $34 trillion, the price of gold would need to be roughly $130,002.85 per troy ounce. |
 everyone focuses on the USA headline value of circa $36Trn debt but there are significant additional (unfunded) future liabilities such as Healthcare, Defence, Pensions etc. + Off-Balance sheet Federal Liabilities.
Something dramatic, actually far beyond what people might currently consider as dramatic, will have to happen to get on top of the debt & alter the notional national Balance Sheet to approaching some sort of balance.
DOGE is a good start but is still just tinkering around the margins and is clearly going to face a lot of resistance as their actions involve shining a light on matters that prove huge corruption and terrible spending decisions. To sort that will mean sacking & prosecuting large numbers of people.
Under Trump & with Musk's presence, I would not be at all surprise to hear that they have been doing some 'blue-sky' thinking as to what can be done during Trumps' presidency to start sorting this ... I cant think of any other larger or more important legacy that he might wish to be remembered for after his second and last term.
Whatever may be being thought about / planned / being now enacted would have to be HUGE, BOLD & far beyond most peoples current thinking.
judging by the notable pickup in the Gold markets since it started to become apparent to most that Trump would win the election & that being enacted, i believe it's sensible to think that Gold and the price thereof is going to be a more important aspect of the global monetary system than it has for many prior years.
Will be interesting to see if Trump directs that the domestic Gold mining sector is green-lighted to mine-baby-mine. |
yes
yes
yes
& yes....
mad init :-) |
if you believe in gold surely you hoard it
or buy an explorer discovering loads more
but the miners with limited mine life and no/limited replacement are swapping valuable precious scarce commodity for fiat worthless paper ? bit of an odd investment narrative (and if it becomes a key strategic asset for a Country you'd have to worry Politicians will try to find cause to gain their share of the economics or even expropriate) |
thanx KS,, it's very popular,,, but, not as popular as bacon I'd guess LOL :-) |
"btw anyone tried that green powder all the young'uns seem to live on these days!?"
Yes. Can't say I notice any difference with/without it, but then I don't feel noticeable different if I eat a plate of salad vs a burger(!) so, taking it for peace of mind to make up for lack of variety in the diet. I do drink Huel, for convenience - you can live off it. It's kind of like the dust diet, but I don't mind - mix in a little whey protein powder for extra flavour and it can be quite nice if you get the ratio and consistency right!
I thought sugar was the enemy anyway, not fat? Bacon tastes too good to be bad for you. |
Good morning guys.
I did post this link yesterday.
It is about the current price of Gold and how there is a disparity between the current price of Gold and Gold Miners .
It is well worth a read.
As per calculation by Share Price Angel ,
AAZ's ....... AISC is $1040 per Ounce.
If that is right then just work out the profiles
AAZ is going to make !!
The market is slow to catch on !!
Happy days ahead as far as I am concerned . |
Bumpa
what about the sprouting broccoli? I still grow that, never quite liked the taste though but if its good for you it cant taste good. |
in my naive, simplistic view, the money has been chasing the next big thing for a while now,,,, at the moment it's AI, BTC etc.... all that time, fiat has been printed, &, as a result the price of things like gold has increased in terms of a unit of Fiat,,,,
BUT,,,
the miners seem to have been forgotten in all this,,, once they start showing their profits and people realise that the price of gold is not going down, (unless they start burning fiat to reduce the amount of it in circulation) then the market will revalue the miners....
Till then, we just gotta sit back and relax, right :-) LOL :-)
Cheers
Wan :-) |
Matt
Jim Rickards often talks about this as a way out for the US debt pile.
It can only work if the gold is still there... No audit for 50 - 60 years! Hmmm |
Good morning all, Cheers Wan :-) |
thanks for the black pepper tip 2cmb… |
🤔 - sleeping on it. Maybe there is a chance - with this bunch of nutters in control I guess you can’t rule out them trying anything… |
Bumpa'you should put a little bit of black pepper in the drink.
Otherwise you don't get the full benefits of the Tumeric.
Check it out. Black pepper opens the pores in your stomach to get the goodness out of the Tumeric.
I know what I am talking about 👍
Otherwise you pass 75% of Tumeric though your system without getting the benefits. |
Every $4,000 increase in the price of Gold enable the USA to reduce its net liabilities by $1Trn.
If Bessant instructed Powell to revalue Gold to $142,000/oz, the USA Assets would match their (on balance sheet) liabilities.
AS crazy at that may sound, the maths work out and therefore should not be entirely dismissed from the realm of possibilities.
Something is clearly afoot in the Gold market. It started after the BIS reclassified Gold as a Tier 1 Asset & Central Bank buying & repatriation has been increasing ever since ... that buying has notably accelerated since Trump won the election.
Gold 20-bagged over the 9 years following Nixon closing the Gold window.
Trump could just as easily determine to revalue Gold way, way, way, way higher & do so in short-order before the whole US$ debt ponzi collapses. |
btw anyone tried that green powder all the young'uns seem to live on these days!? |
but, you are allowed to eat lots and lots of DUST right!?
:-) LOL :-) |
I had a check up recently .
My regular doctor was not there.
I was weighed etc, etc.
I came home. In the afternoon I had a Text message from my regular doctor.
"No more fatty, foods please".
So I replied " You mean no more burgers and bacon etc ??".
I had a reply back" No more food Fatty ".
Oh' that was a short shock 😲.
LOL. |
Bumpa33
Having enjoyed dry cornflakes a few times before, tonight I tried dry muesli which is better.
Not sure what the dust diet is but imagine it’s similar? |
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