Average consumer now carries $6,329 in credit card debt. 'People are stretched,' expert says

[NxNW]

After such a sharp rise, a pull back should be expected.

With the weakening dollar, with teetering on a dot com bust, with teetering on a office building bust, and the potential for that to cause bank failures, and rising tensions of war worldwide, I expect to see continued investment in the safe haven of monetary metals.

With a history of poor returns, they're not much of a safe haven.

If the price keeps dropping; it presents greater opportunities to buy more.

Because who doesn't want to lose money!

Strange that the Corpratocracy media haven't been reporting as these metals have been sharply ascending.

Thats because they're busy reporting the crash.

 

[HARK!]

With a history of poor returns, they're not much of a safe haven.

Really?

Gold Price Today | Price of Gold Per Ounce | 24 Hour Spot Chart | KITCO

Live Gold Charts and Gold Spot Price from International Gold Markets, Prices from New York, London, Hong Kong and Sydney provided by Kitco.

www.kitco.com

Silver Price Today | Price of Silver Per Ounce | 24 Hour Spot Chart | KITCO

Live Silver Charts and Silver Spot Price from International Silver Markets, Prices from New York, London, Hong Kong and Sydney provided by Kitco.

www.kitco.com

Why do you suppose that central banks are buying it up, and taking delivery, to the point that there is a shortage?

When the stock market crashes; the little guys will be left holding the bag. When the dollar is devalued through inflation; those farthest from the source of the currency, feel the effects of it's diminished buying power the most. When all of the paper in the stock market, and all of the paper in the currency supply are exposed for the house of cards that they are; physical commodities with still have real value.

 

[HARK!]

how much silvfer is in a missile at DuckDuckGo

DuckDuckGo. Privacy, Simplified.

duckduckgo.com

how much silver is used in solar panels at DuckDuckGo

DuckDuckGo. Privacy, Simplified.

duckduckgo.com

This demand will continue to rise; and the silver that goes into solar panels is not feasibly recoverable. It ends up in the landfill.

 

[NxNW]

Really?

Really!

Why do you suppose that central banks are buying it up, and taking delivery, to the point that there is a shortage?

So they can sell it to gullible investors.

 

[HARK!]

So they can sell it to gullible investors.

How can the LBMA actually sell to investors; if they are defaulting on physical deliveries?

Do you really believe that the central banks are gullible investors?

 

[NxNW]

Do you really believe that the central banks are gullible investors?

No, I think the average Joe who gets a postcard about investing in gold, and then does so because he believes the sales pitch, is gullible.

 

[HARK!]

No, I think the average Joe who gets a postcard about investing in gold, and then does so because he believes the sales pitch, is gullible.

What makes Average Joe's purchase any different from Banker Bob's purchase?

 

[High Fidelity]

Doesn't surprise me. Most folks I know in the US have cars they can't afford on monthly payment plans amongst other unnecessary expenses.

 

[HARK!]

Doesn't surprise me. Most folks I know in the US have cars they can't afford on monthly payment plans amongst other unnecessary expenses.

auto repossession rates at DuckDuckGo

DuckDuckGo. Privacy, Simplified.

duckduckgo.com

For many who don't have access to public transportation, cars are a necessity, outside of being reduced to the horse and buggy days.

 

[NxNW]

What makes Average Joe's purchase any different from Banker Bob's purchase?

Joe can't afford to lose $100K on a bogus purchase, but Banker Bob gets a Big Beautiful Bailout.

 

[HARK!]

Joe can't afford to lose $100K on a bogus purchase, but Banker Bob gets a Big Beautiful Bailout.

What bogus purchase?

 

[High Fidelity]

View attachment 371978

auto repossession rates at DuckDuckGo

DuckDuckGo. Privacy, Simplified.

duckduckgo.com

For many who don't have access to public transportation, cars are a necessity, outside of being reduced to the horse and buggy days.

Right, but it doesn't need to be brand new on finance.

In a country of 330 million there must be a reasonable used car market.

 

[bèlla]

Right, but it doesn't need to be brand new on finance.

In a country of 330 million there must be a reasonable used car market.

According to the Kelly Book…

The average used car was listed for $25,825 at the end of September — up $454 from the month before. Prices sit 2% higher than a year ago. Price-conscious buyers have limited options for affordable used vehicles. Availability for used cars priced below $15,000 remains low, with only 34 days’ supply, which is 14 days below the overall industry average.

~bella

 

[NxNW]

What bogus purchase?

Precious metals.

 

[ThatRobGuy]

According to the Kelly Book…

The average used car was listed for $25,825 at the end of September — up $454 from the month before. Prices sit 2% higher than a year ago. Price-conscious buyers have limited options for affordable used vehicles. Availability for used cars priced below $15,000 remains low, with only 34 days’ supply, which is 14 days below the overall industry average.

~bella

The "average" in this instance isn't necessarily a reliable indicator of how many affordable cars there are out there on the used car market.

For example:

These are used cars:

And so are these:

And just looking at one local dealership, setting the price range between 7k and 15k returns 58 results...

Just to show a few of them

There's options out there...they're not not options that would be someone's "first choice"

 

[HARK!]

Precious metals.

Precious metals are real.

 

[bèlla]

The "average" in this instance isn't necessarily a reliable indicator of how many affordable cars there are out there on the used car market.

There's options out there...they're not not options that would be someone's "first choice"

From my recollection the goal is less cars on the road. That’s why they’re pushing for driverless vehicles or shared options. We’d have more choices with Chinese products in the mix but the competition would force American manufacturers to lower their prices and they don’t want to do it.

~bella

 

[HARK!]

According to the Kelly Book…

The average used car was listed for $25,825 at the end of September — up $454 from the month before. Prices sit 2% higher than a year ago. Price-conscious buyers have limited options for affordable used vehicles. Availability for used cars priced below $15,000 remains low, with only 34 days’ supply, which is 14 days below the overall industry average.

This dealer, along with the rest of the industry, was saturated with cars. They weren't selling. He got stuck with inventory.(according to another of his relatively recent videos)

He does not rely on Kelly; and he explains why. He knows what his customers will actually pay for a car.

The bubble has burst, and he is making sales again.

LARGEST CAR BUBBLE In US History POPS - What I'm Paying For Cars NOW​

 

[Hans Blaster]

Precious metals are real.

They just have limited use for "Joe". (Or the banker, but at least the bank can decorate their lobby in shiny gold

 

[HARK!]

Most of the respondents are investors and you’re encouraging them to purchase gold. We have multiple pages on the topic. You know it’s the wrong crowd and best suited for X and preppers.

~bella

This guy isn't a gold bug nor a prepper.​

​

Big Short Investor Says "Economic COLLAPSE IS HERE"​

12:40
every economic downturn that we've ever

12:42
experienced, we've always bounced back

12:44
from eventually. You know, the Great

12:46
Depression was definitely the worst. You

12:48
had the stock market crash in 1929 where

12:51
it took 25 years for the stock market to

12:56
get back to where it was prior to the

12:58
crash. And that was probably the biggest

13:01
example of this ever happening. Okay?

13:03
And we might be in for something like

13:05
that again right now because there are

13:07
so many parallels to what's happening

13:09
today just like there was in 1929.

13:12
So there is a possibility that this can

13:15
last for a very long time. But the point

13:17
is eventually we will get out of it just

13:20
like we did back then. And the good

13:22
thing is it's probably going to take a

13:23
lot of fiscal responsibility in this

13:26
country for us to actually get out of

13:28
it. That's why you're seeing price of

13:30
gold explode right now. And I think the

13:33
US, if they want to have any shot at

13:35
retaining their global reserve currency

13:38
status, might be forced back on the gold

13:41
standard. And if they refuse to go back

13:44
on the gold standard, well, then the

13:45
world's going to force them to go back

13:47
on the gold standard by removing the

13:50
dollar as the reserve currency of the

13:52
world. And the smart countries are going

13:54
to go back on the gold standard on their

13:56
own. So whether the United States

13:58
government decides to go back to a gold

14:00
standard or not, it doesn't matter. It's

14:02
going to be forced down their throats by

14:03
the rest of the world.