Category Archives: Quote of the Day

Gold Sales Go Mainstream

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Quote of the Day

Gold has turned into money for Costco, where yellow metal sales begun last year have turned into a cash cow for the big-box retailer.

In fact, sales are so brisk that analysts at Wells Fargo expect revenue “may now be running at” $100 million to $200 million a month, a rapid acceleration since bullion hit the warehouse club late in the summer of 2023.

Jeff Cox
April 9, 2024
Costco selling up to $200 million in gold bars a month, Wells Fargo estimates (cnbc.com)

I wonder if this has been a significant factor in the recent price of gold. At $2,300/oz that is something like 40k to 65K ounces a month.

Renaming Gun Confiscation

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Quote of the Day

Every contribution we receive brings us one step closer to solutions shown to save lives —from community violence intervention and firearm relinquishment laws to safe storage and firearm purchaser licensing.

The Johns Hopkins Center for Gun Violence Solutions
Johns Hopkins Bloomberg School of Public Health
Via the email: Will you help celebrate and support the Center?
April 16, 2024

“Firearm relinquishment laws”? That’s the first time I have seen that phrase used for gun confiscation laws. It turns out it has been a thing for a while.

I still think it is just a fancy way of saying something they know would raise alarms if they spoke plainly. It is another deceptive tactic which demonstrates they know what they are doing is illegal. It should be considered as evidence at their trials.

Don’t ever let anyone get away with telling you no one wants to take your guns.

They Need Common Sense Knife Control

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Quote of the Day

At least four people were wounded, including a bishop with a global online following, in a knife attack during a service at a church in a suburb of Sydney on Monday, police and witnesses said, triggering clashes between angry residents and police.

…

It was the second major stabbing attack in just three days after six people were killed in a knife attack at a beachside mall in the Bondi area.

Lewis Jackson, Stella Qiu and Scott Murdoch
April 15, 2024
Australia church stabbing: bishop wounded, 15-year-old arrested

This is Australia. They banned and/or heavily restricted all firearms. I guess they now need common sense knife control.

As telling as the above is about their culture, I find the following gives us even more insight into the bizzarro mindset they have:

A separate eyewitness video, verified by Reuters and taken in the aftermath of the incident, shows the man being pinned to the ground by several others, his face obscured. A voice speaks in Arabic and says: “If they didn’t insult my prophet, I wouldn’t have come here. If he didn’t involve himself in my religion, I would not have come here.”

Authorities disclosed no motive for the attack and have not identified the suspect.

I cannot find further words to comment on this.

The Last Laugh

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Quote of the Day

Yeah, a bunch of incels stroking their guns. You must be so proud to be part of the circle jerk. Congrats.

We’ll have the last laugh watching you chuds cry when they’re banned.

Kiah Kane – American Patriot/Anti-Maga (@Mikiah_Kane)
Posted on X at 3:27 PM on Sat, May 27, 2023

It’s not only another Markley’s Law Monday, it is another science denier!

And as a special bonus, Mikiah expected to have the last laugh with banned guns, we get to have the last laugh with her suspended account:

image

Karma can be bitch.

Just One Question Asked by Dr. Lott

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Quote of the Day

Can you name me one place in the world, any place in the world, that has either banned all guns or all handguns and seen murder or homicide rates go down? Or even stayed the same? Because I can’t find it.

Every single place in the world that has done that, we’ve seen increases.

And you’d think just out of randomness, once or twice a ban on all guns or all handguns would see just out of randomness see a decrease.

image

John R. Lott. Jr.
Crime Prevention Research Center
March 11, 2024
Debate on the Second Amendment at the University of Wisconsin, John Lott v Sanford Levinson
Was the Second Amendment a Mistake or a Success?”

Compare Dr. Lott’s words to my Just One Question.

I expected Dr. Lott to wipe the floor with Sandy Levinson. He didn’t. It wasn’t really a debate. At one point Levinson said (paraphrasing):

I do not think the government should ban guns.

If we accept John’s evidence, then I, as a liberal, would support the government subsidizing the purchase of guns to get them in the hands of those in need who don’t have the financial means to purchase quality guns.

Levinson assertions as to the 2nd Amendment being a mistake or out of date were of the nature of it should be state and/or city power to regulate guns as they see fit for their particular circumstances. And there are other parts of the constitution which give the gun owners adequate protection. And the 2nd Amendment is about overthrowing a tyrannical government and nothing to do with self protection against violent individuals.

I thought he made arguments that could be debated and respected by reasonable people. Dr. Lott made some excellent points that severely undermined Levison’s argument, but Levinson did not spend any time as a dust mop on the floor.

See also Debate, John Lott and Sanford Levison: Was the Second Amendment a Mistake? (jpfo.org)

Maybe We Should Listen To an Expert

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Quote of the Day

The EVERYTHING BUBBLE, stocks, bonds, real estate SET to CRASH. US debt increasing by $1 trillion every 90 days. US BANKRUPT. Save your self. Please buy more real gold, silver, Bitcoin.

Robert Kiyosaki @theRealKiyosaki
Posted on X April 6, 2024

Kiyosaki appears to be well respected.

Some people even collect his quotes:

Image

Maybe we should listen to an expert rather than try and figure out complex things like on our own.

Gold Price Rally is a Complete Mystery

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Quote of the Day

The rally is defying a lot of normal thinking, especially when it comes to still-elevated rates. I think the narrative is changing towards sticky inflation and perhaps a hard landing, spiced with a lot of geopolitical uncertainty and de-globalization driving central bank demand.

Ole Hansen
Head of commodity strategy at Saxo Bank AS
April 7, 2024
Gold price rally to record highs is a complete mystery | Fortune

I’m concerned it is not actually a mystery. I suspect it is a reality nearly everyone does not want to believe.

Types of Marxism

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Quote of the Day

Economic Marxism wants to destroy your property.

Cultural Marxism wants to destroy your civilisation.

Environmental Marxism wants to destroy your species.

Progress!

Alice Smith (@TheAliceSmith)
Posted on X April 6, 2024

Alice Smith claims to be the great-great-great-granddaughter of Adam Smith.

It would be trivial to get multiple quotes of high quality each and every day from her X feed.

Forecasting a Downturn in Gold

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Quote of the Day

Gold prices achieved new heights last week, closing at record levels, with central banks’ interest and geopolitical tensions as key factors. Yet, we’re advising traders to be cautious, as the current rally might not be as robust as it seems.

Last week, XAU/USD settled at $2330.160, up $97.04 or +4.35%.

…

The market appears ripe for a downturn, and those holding positions near the peak might face significant losses. Therefore, the short-term forecast leans towards a cautious bearish outlook for gold.

James Hyerczyk
April 6, 2024
Gold Prices Forecast: Was a Bull Trap Set on Friday? | FXEmpire

Perhaps. That was Saturday But gold closed at $2,358.09 on Tuesday. That is up another 1.2% in two days.

Predictions are tough. Especially those predictions about the future.

America Has Been Cleaved

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Quote of the Day

America has been cleaved into two separate and antithetical ideologies — two opposing worldviews — with the communists and radical takers of the country supporting a dark vision of tyranny and the conservatives and independent producers supporting the light of truth and a vision of freedom and liberty. They are both hanging in the balance and waiting for gravity or some monumental event to throw the lever that moves them to act and take the country by storm, with the Democrats willing to use every illegal means imaginable.

Justin Smith
April 6, 2024
America Is Hurtling Toward a Full Blown Hot Civil War – The Burning Platform

I’m not convinced “the conservatives” support “the light of truth and a vision of freedom and liberty” but I do regard them as the lesser of the two evils.

Prepare appropriately.

They Can’t be Reasoned With

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Quote of the Day

Do you know what triggers me? Children being shot to death in school. What triggered you? Is it when your PP doesn’t get hard?

Marielee W @meirlyme
Posted on X, May 24, 2023

It’s not only another Markley’s Law Monday, it is another science denier!

She is triggered by children being shot to death in school but she apparently doesn’t know or accept the most effective means of defending against those sort of events.

People who resort to demonstrating Markley’s Law are people with mental problems. They cannot be reasoned with.

“Changes in Methodology” for Inflation Numbers

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In the past few months, political strategists have marveled at the fact that the economy under Biden was growing (at 3.2pc in the fourth quarter of 2024) but polling on Biden’s performance on the economy was dismal.

A recent paper led by former treasury of the secretary Larry Summers has helped clear up the discrepancy. Summers and his co-authors show that if we adjust American inflation data to consider changes in methodology that have taken place over the past few decades, we see inflation not peaking at 9pc, as the official data indicates, but rather at 18pc. The paper also suggests that inflation measured in line with historical norms would have been 8pc at the end of 2023, not the 3pc shown in the official statistics.

Philip Pilkington
April 5, 2024
The US Fed may kill the Biden presidency (msn.com)

As I suspected, the price of gold is a better measure of inflation than official government numbers.

Prepare appropriately.

$1 Trillion in Debt Every 100 Days

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Quote of the Day

Currently, the US national debt stands at an unprecedented $34 trillion, fueled by extensive spending and escalating debt-servicing costs. Bank of America’s estimates, indicating that the US is accumulating an additional $1 trillion in debt every 100 days, underscore the urgency of the situation.

Rahul Kumar
April 5, 2024
Wharton Professor Warns Swelling US Debt Could Trigger Market Crisis by Next Year (msn.com)

On April 1st one ounce of Gold would buy an all time high of $2,264. On April 2nd it reached another all time high of $2,268. Yesterday it closed at the all time high of $2,341.49.

Prepare appropriately.

Easier to Blame the Guns?

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Quote of the Day

Guns have always been a part of American culture, but mass shootings have not. Nor has divorce, social media addiction, SSRIs, or nihilism in general.

Violence is the symptom of a much deeper problem in this country.

It’s just easier for the left to blame the guns than the culture that they’ve created.

MIA @_Mama_Mia10
Posted on X May 6, 2023

I’m just certain it goes beyond a simple easy to blame issue. I believe a significant portion of those people who want to ban private gun ownership are that mindset because they have a utopian vision of a defenseless population they can control. The others who go alone with that mindset of gun banning but don’t see the tyranny they are enabling are useful idiots.

Baby Steps

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Quote of the Day

A Democratic-appointed judge recently barred a federal agency from enforcing a pistol brace rule for millions of members of the National Rifle Association (NRA) as the appeals process continues.

U.S. District Judge Sam Lindsay, who was appointed by former President Bill Clinton in 1998, sided with the gun rights group in a ruling handed down on Friday. Last year, the NRA filed a lawsuit against the Bureau of Alcohol, Tobacco, Firearms and Explosives (ATF), which argued that the agency’s measure introduced last year to reclassify the pistols equipped with braces as short-barreled rifles is unconstitutional.

Maura Zurick
April 2, 2024
Democrat Judge Exempts NRA Members From New Gun Rule (msn.com)

It’s a rather small step, but it is a step in the right direction. And it sets a precedent nibbling on the NFA.

And just as important it was so obviously an infringement that a Democrat judge saw it as unconstitutional.

They Want You Dead

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Quote of the Day

From: ron <ron@svnpy.com>
Sent: Monday, April 1, 2024 5:03 AM
To: joe
Subject: You are still a redneck Idaho farm boy

I hope you have not reproduced.  The USA already has plenty of stupid and ignorant people like you.

When you shoot yourself, please take out all your family members first–this would raise the average IQ in Trumpland.

—
M. Ronald G. KIRCHEM

8 rue Campagne Première
Bâtiment C (Staël)
Apt. 343 (4ème étage)
75014 Paris, Île-de-France
La République française

KIRCHEM: +33 (0)7 72 42 44 34

I suspect the email address has been compromised (the content is for a doctor in California). The name is likely fake or deliberate misdirection.

One of the most fascinating and telling things about people like this is they believe they can read the minds of others. You can search this blog all you want but you won’t find any support for Trump.*  Yet this guy believes I am a Trump supporter. The belief that you can read other people’s minds is a strong sign of mental health issues.

Also interesting is how they claim to believe they know my IQ and that of my family members and are confident it is below average in “Trumpland”. My three children and I have IQs that range from 125 to 155. The three grandchildren also appear to be in the same range. Mr. KIRCHEM’s estimation of the IQ of people in “Trumpland” is much higher I would have guessed.

I could make other observations but all you really need to know is that they want me and my children, and probably you and yours, dead.

Prepare appropriately.

* I did make predictions about his actions which I approved of. Months before she died, I predicted he would successfully replace Ginsberg on the Supreme Court with a pro-constitutional judge.

Outpacing Inflation

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Quote of the Day

Gold surged to a new record on Tuesday, as geopolitical tensions and interest rate speculation drove a rally in the yellow metal.

The commodity rose to as high $2,141.79 per ounce, eclipsing its December all-time high of $2,135.39, according to Bloomberg data.

…

Gold’s rise is in part due to its safe-haven status, which investors are increasingly seeking out amid ongoing international turmoil. With the Ukraine war and the Gaza Strip conflict still raging, the asset’s spot price has risen 3.2% year-to-date.

But the metal saw a much sharper increase since mid-February, and has added around $100 in the past week.

Filip De Mott
March 5, 2024
Gold Price Hits New All-Time High on Rate-Cut Hopes, Geopolitical Turmoil (businessinsider.com)

That was March 5th. This is the last 24 hours (as of about 9:00 PM PDT):

Screenshot_20240401_210330

The all time high referenced in the article has been eclipsed by nearly 6% with the all time high of yesterday morning and yet a new one this morning ($2,268.26).

Gold is either outpacing inflation or inflation is much greater than the Fed is telling us.

I would think that in general gold should be essentially in sync with inflation.

I’ve been asking people, chat bots, and reading articles trying to find a reason I am satisfied with which would account for the rapid rise in the price of gold relative to the dollar in the last month. Nothing is particularly convincing. The following are in the order I find most likely to least likely:

  1. China is buying gold.
  2. Non-U.S. markets are doing poorly.
  3. Fighting in Gaza.
  4. War in Ukraine.
  5. Speculation the Federal Reserve will cut interest rates in the coming months.
  6. People are concerned Trump will win the election and are buying gold because of the chaos he will bring.

Unless China is buying at a greater rate than previously none of those things are new in the last month.

See also:

Prepare appropriately.

Who is the Coward?

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Quote of the Day

Coward lol. Says the man hiding behind his big bad guns to make up for his tiny dick.

Josh @wilboy_6
Posted on X May 24, 2023

It’s not only another Markley’s Law Monday, it is another science denier!

Who is a coward? I say it is the person who throws insults but doesn’t have the courage to be first in the stack to break into the houses of the millions of U.S. gun owners and take those big bad guns and save all those children being murdered in school shootings.

Which Side are You On?

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Quote of the Day

You watched “The Hunger Games”
and sided with the resistance.

You watched “Star Wars”
and sided with the resistance.

You watched “The Matrix”
and sided with the resistance.

You watched “Divergent”
and sided with the resistance.

You watched “V for Vendetta”
and sided with the resistance.

When it’s fiction you understand.
Yet you refuse to see it when it’s the
reality you’re living in.

BlackBetty @BabyD1111229
Posted on X March 3, 2024

My hypothesis is that in reality the people she is talking identity as oppressors.

Fascism is Disgust, Communism is Envy

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Fascism is sensitivity to disgust that is so extreme that it resorts to authoritarianism to purge the object of that disgust, then continues projecting disgust onto things that aren’t disgusting, and purges them, too.

And communism is sensitivity to envy that is so extreme that it resorts to authoritarianism to steal or destroy the object of that envy, the continues projecting envy onto things that aren’t enviable, and destroys them, too.

Devon Eriksen @Devon_Eriksen_
Posted on X March 26, 2024

This is an interesting observation.

After thinking it about for a short time, I can’t find a major fault in it.

CommunistEnvy