Daily Stocks Going Off$

[The Prowler]

Gold is too bloody expensive

Another one who does not understand what "expensive" means.

 

[Joe]

Gold and Silver are both up again. Especially Gold. I bought 10 ounces of Silver last week. Gonna visit this coin shop in Santa Rosa later for some older Silver dollars. This guy is a good negotiator but needs to pay his rent too. I’m offering $45. each for 5 coins. Gold is too bloody expensive to fuck with, other than to hold it.

Yes Gold is expensive right now @Seamajor & Lex @The Prowler.

Nonetheless, might not be same time next year, eh? When Gold could reach $5000 per ounce.

Gold continues to go up because of the debt levels & risk of defaults. The more business & consumers sink inta debt, the higher the price of Gold rises.

2026 could be a rough, volatile year. Means yer stocks could really git hammered next year Lex @The Prowler . watch for it. if you don't I will. don't say I didn't warn ya Lex.

As one man put it, get out of credit & inta something solid like Gold n Silver.



In spite of its current price I might buy a couple more ounces before the end of 2025 Seamajor. 2 ounces of Gold, 30 ounces of Silver, eh.

 

[The Prowler]

Gold is expensive right now

Gold is cheap right now.

 

[The Prowler]

In spite of its current price I might buy a couple more ounces before the end of 2025 Seamajor. 2 ounces of Gold, 30 ounces of Silver, eh.

When I buy gold, I buy pounds of gold.

Do you know how many ounces are in a pound of gold, Senile @Joe?

 

[Joe]

When I buy gold, I buy pounds of gold.

Do you know how many ounces are in a pound of gold, Senile @Joe?

How many PHYSICAL 'pounds' of Gold do you actually own....Lex @The Prowler ?

 

[The Prowler]

Do you know how many ounces are in a pound of gold, Senile @Joe?

That was not an answer, Senile @Joe.

 

[Seamajor]

Gold is cheap right now.

Gold as high as it’s ever been. Especially it you compare the price in 2021, 2022. It’s doubled.

 

[Joe]

That was not an answer, Senile @Joe.

I don't know Lex @The Prowler

Can you tell me?

Being such a large gold owner only you must know Prowler.

What's the answer?

 

[Joe]

Gold as high as it’s ever been. Especially it you compare the price in 2021, 2022. It’s doubled.

With the way your Prezidunce is running the US economy into the ground, Gold will likely go higher in 2026, @Seamajor .

Think I'll buy s'more.

I keep hearing 2026 will be an Ugly year.

Gold often performs well when the economy is bad.

 

[Seamajor]

I don't know Lex @The Prowler

Can you tell me?

Being such a large gold owner only you must know Prowler.

What's the answer?

His reply’s and answers make zero sense. I was buying one Oz gold coins for $1600. in 2022. Now theyre over $4000.

 

[Seamajor]

With the way your Prezidunce is running the US economy into the ground, Gold will likely go higher in 2026, @Seamajor .

Think I'll buy s'more.

I keep hearing 2026 will be an Ugly year.

Gold often performs well when the economy is bad.

True, and the current leadership isn’t making it any better

 

[Joe]

True, and the current leadership isn’t making it any better

Unsustainable debt levels.

That fuckin dummy Trump is destroying the hegemony of the US in just 1 term.

Putin must be smiling. Russian asset Agent Kraznov has done his job.

Should have been expected tho since Trump is the Bankruptcy King.

Hang on to yer Gold @Seamajor

 

[Seamajor]

Unsustainable debt levels.

That fuckin dummy Trump is destroying the hegemony of the US in just 1 term.

Putin must be smiling. Russian asset Agent Kraznov has done his job.

Should have been expected tho since Trump is the Bankruptcy King.

Hang on to yer Gold @Seamajor

Bankruptcy King and an awesome negotiator

 

[The Prowler]

Gold as high as it’s ever been. Especially it you compare the price in 2021, 2022. It’s doubled.

Right.

And it is inexpensive.

Less than $10K an ounce.

That is cheap.

 

[The Prowler]

His reply’s and answers make zero sense.

You need to understand what the word "expensive" means.

It has to be relative to something.

A $5 chocolate bar can be expensive when compared to a similar $2 chocolate bar.

My $100,000 car is quite inexpensive when compared to cars with similar performance.


So your statement was incomplete when you said gold is expensive. You really meant "gold is expensive compared to its historical price."


If you were making a circuit board and required $20 of gold to complete it....and the end product would be worth $20,000....then you might say the gold was inexpensive when compared to the value it adds.


I am really just disappointed at the lack of understanding of Senile Joe and his use of the word "expensive" when describing stocks while just basing it on the stock price alone. It is incredibly stupid.

 

[Seamajor]

It’s all doubtful for a dishwasher salesman to understand

 

[Seamajor]

Has nothing to do with expensive. Has to do with not getting screwed. I sense it’s the story of your life.

 

[The Prowler]

I have left Seamajor mumbling to himself....

Hahahaha!!!!

 

[Joe]

I have left Seamajor mumbling to himself....

Hahahaha!!!!

So how many ounces are there in a pound of Gold, Lex @The Prowler ?

Let me know, im waiting for the answer, Lex.

 

[The Prowler]

So how many ounces are there in a pound of Gold, Lex @The Prowler ?

Let me know, im waiting for the answer, Lex.

This is something you should know, Senile @Joe.

I mean....if you are going to be selling or buying gold....

 

[The Prowler]

Senile @Joe

I opened a Questrade account to see what it is like....moved over $130K into it....

I like the zero percent commission and the trades are executed quickly...at least TSX trades (that is all I have done there)...

But the User Interface is pretty bad compared to TD WebBroker.


The markets are doing pretty well lately.....knock on wood!!

 

[Joe]

Senile @Joe

I opened a Questrade account to see what it is like....moved over $130K into it....

I like the zero percent commission and the trades are executed quickly...at least TSX trades (that is all I have done there)...

But the User Interface is pretty bad compared to TD WebBroker.


The markets are doing pretty well lately.....knock on wood!!

I use Questrade Lex @The Prowler

But I've heard less favorable things about TD Webbroker lately. Customers getting scammed by others breaking into their accounts. Stealing money out of them. Conducting trades without their permission.



My experience with TD was generally poor & their security seemed lax. pulled most of the money and now use it to pay just phone & utilities Bill's. I keep a minimum balance in there.

TD is still useful because of it's big brand name status, but not as my main bank. I wouldn't put loads of money in there Prowler

 

[The Prowler]

I use Questrade Lex @The Prowler

I know...that is why I told you that. I actually read and process what I am reading.

Is this a new concept to you?

But I've heard less favorable things about TD Webbroker lately. Customers getting scammed by others breaking into their accounts. Stealing money out of them. Conducting trades without their permission.

This happens with every bank, Joe.

My experience with TD was generally poor & their security seemed lax.

Oh yeah?

Can you give one example of their security being lax?

 

[Joe]

Well Lex @The Prowler.

Maybe TD is or has been good for you.

But I'd say at best, they are/were so so for me.

Mind you...even if I found them sub par, they are certainly not the worst as afar as investment platforms gp.

some others I'd stay away from include moomoo, IKBR and Wealthsimple

of those, WealthSimple seemed very precarious.

I was looking into them, and there's no way to actually add, fund or deposit funds directly into their accounts.

They take the money out of yours, you don't deposit it directly into theirs.

You can't add them as a payee from your bank account.

They tell you to click on a link within their website and they do the rest.

The understanding is - you're supposed to trust them completely.

so I decided to stay away from them because unlike the others, including TD I suppose, with WealthSimple, you don't have any control over the funding transactions

Thing is, How do you know who's taking money out of your accounts?

Lo and behold, now I see these complaints about fraud from WealthSimple account holders.



How can you trust a trading platform where a company has direct access to your bank account and you may not be able to stop them?



seems like a great platform for scammers tho.

moomoo & IKBR - their websites are basically incomprensible and I gave up on them both.

 

[The Prowler]

Thing is, How do you know who's taking money out of your accounts?

Joe, any organization that can process electronic fund transfers can take money out of your account. They just need your bank number, transit number, and account number.

If it happens without your permission, just call the bank and they will handle it.

Just download any EFT file format guide and you will see they can do deposits (like an employer would do for your pay) or withdrawals (like a utility company would do for your bill payments).

 

[Joe]

Joe, any organization that can process electronic fund transfers can take money out of your account. They just need your bank number, transit number, and account number.

If it happens without your permission, just call the bank and they will handle it.

Just download any EFT file format guide and you will see they can do deposits (like an employer would do for your pay) or withdrawals (like a utility company would do for your bill payments).

I would prefer that only the end user has the final say to fund the account.

Don't you think it seems rather strange that WealthSimple doesn't provide an option to fund the trading account yourself?

Seems absurd.

That's like if you went into a store, and instead of you handing them your credit card and watching the transaction being processed in front of the cashier, they yank the wallet from your pocket, go into the backroom and then you take their word for it that they did it 'right' and took the amount that you assumed.

but you don't really know what transpired in the time the wallet and your credit card was hidden from you and what they did in the back room.

Maybe I just don't understand people trading on their iPhones, eh?

I think WealthSimple, moomoo and others are set up for cellphone transactions on their apps.

Seems crazy tho.

I'd never trade stocks on a phone, let alone put personal informaiton or a credit card on them like many people do.

No wonder why so many people are getting scammed with their credit cards or investment accounts these days.

 

[The Prowler]

Don't you think it seems rather strange that WealthSimple doesn't provide an option to fund the trading account yourself?

What do you mean by "fund the account"?

Are you telling me you do not determine the amount of money that goes from your bank account into the trading account?

 

[The Prowler]

I sear, Senile @Joe walks around making up ridiculous stories in his head....

And then starts to believe some of them.....

 

[The Prowler]

Senile @Joe, Questrade makes things difficult.

Where do I go to see when dividends are deposited into my account?

 

[Seamajor]

Gold and Silver had another remarkable day.