Buying gold and silver.

[Sum1]

elon predicted recently that soon money wont be useful or necessary, at least as we currently think of money. He said flat out in an interview just a few weeks ago that if you have money, spend it, there is no reason to save for retirement anymore...

Damn. I sure hope no one took this to heart. What an idiotic statement.

I have watched Elon interviews for years now. Take what he says with a grain of salt. No doubt the guy is a visionary that has done some amazing things with self driving electric cars but damn that guys says some dumb crap. A universal basic income would be hell on earth if you ain’t part of the ruling class.

 

[guywhofishes]

 

[Maddog]

 

[Lycanthrope]

Damn. I sure hope no one took this to heart. What an idiotic statement.

I have watched Elon interviews for years now. Take what he says with a grain of salt. No doubt the guy is a visionary that has done some amazing things with self driving electric cars but damn that guys says some dumb crap. A universal basic income would be hell on earth if you ain’t part of the ruling class.

I could see it going poorly, but we are still thinking in scarcity mode, there arent enough resources to give everyone everything they want or need. If we move into abundance, as elon predicts, that might not be the case anymore.

 

[Allen]

I could see it going poorly, but we are still thinking in scarcity mode, there arent enough resources to give everyone everything they want or need. If we move into abundance, as elon predicts, that might not be the case anymore.

I'd like to place my order for 17 free tons of gold today, thanks!

 

[guywhofishes]

there arent enough resources to give everyone everything they want or need.

re everyone’s wants (including mine)

“The heart is deceitful above all things, and desperately sick; who can understand it?”

 

[Lycanthrope]

I'd like to place my order for 17 free tons of gold today, thanks!

that would use all your UBI for a few decades no doubt...

 

[Allen]

that would use all your UBI for a few decades no doubt...

That kind of goes to prove my point. Elon can talk about AI and robots doing all these things, but the reality is a Universal Basic Income existence sucks. We already have plenty of examples of this in some form when you take a look at what we did to the Native Americans. The fed government said if you go peacefully to the reservations, we'll feed, house you, and take care of your medical needs.

I am not a fan of the government playing that role again with an even larger part of our society.

But damned if I wouldn't take a log of government cheese every now and then! IYKYK

 

[Lycanthrope]

That kind of goes to prove my point. Elon can talk about AI and robots doing all these things, but the reality is a Universal Basic Income existence sucks. We already have plenty of examples of this in some form when you take a look at what we did to the Native Americans. The fed government said if you go peacefully to the reservations, we'll feed, house you, and take care of your medical needs.

I am not a fan of the government playing that role again with an even larger part of our society.

But damned if I wouldn't take a log of government cheese every now and then! IYKYK

I get that, but in the past we had human labor producing goods. Its something that could go poorly I admit, but im leaning towards optimistic at this point. When the majority of good are produced by machines that can work 24 hours a day, 7 days a week, I could see a future where UBI might provide way more than basics, at least in countries that can afford to transition rapidly.

 

[SupressYourself]

I get that, but in the past we had human labor producing goods. Its something that could go poorly I admit, but im leaning towards optimistic at this point. When the majority of good are produced by machines that can work 24 hours a day, 7 days a week, I could see a future where UBI might provide way more than basics, at least in countries that can afford to transition rapidly.

I think you're overly optimistic. It's been proven a number of times in various populations that when the motivation to be productive is removed, that population suffers in a number of ways. Some picture a world where everyone is on vacation, living their best life. Human nature seems to indicate a global slum filled with rampant alcohol and drug abuse is far more likely.

 

[Rowdie]

Will humans ever reach the Star Trek utopia where there's no money we just work and learn to enrich ourselves and better mankind. PIE in the SKY

 

[SupressYourself]

Take a gander through the Bible. Human nature hasn't changed in thousands of years despite huge changes in technology and living conditions.

 

[NodakBob]

I won’t support UBI until it buys me a better boat than my neighbors

 

[Big Iron]

WE BACK

 

[Hunter58301]

Money Metals Exchange Live Silver Spot Prices​

---

Silver Spot Price	Spot Change
Silver Price per Ounce	$91.69	5.52	6.02 %
Silver Price per Gram	$2.95	0.18	6.02 %
Silver price per kilo	$2,947.90	177.47	6.02 %

 

[Big Iron]

 

[Traxion]

The metals guys I know are like prairie dogs. In good days when the sun is shining and prices are rising they’re out of their holes chirping all day long. But when things go bad and a few shots are fired they’re down their holes quiet as can be lol!

 

[KDM]

My guess is the industrial silver shortage must have been filled by those selling their physical coins at the high prices and now the "pinch" isn't as bad and the prices are falling.

 

[walleyeman_1875]

Let’s hear some success stories.

Who had the confidence to sell there $10/oz silver at $110/oz or is every waiting for it to reach $200/oz.

 

[Traxion]

Bitcoin and crypto are getting hammered too. I wonder how many took their gains? My little sum is sitting there still but it’s not enough to feel sorry about. Still sitting ok.