Buying gold and silver.

[Lycanthrope]

Lol wut? How are you going to pay for stuff??

wont have to, or people will be allocated credit of some sort for existing, kinda like a universal basic income. According to him, we have always lived in a world of scarcity, but we are entering an age of abundance, where everyone will have all their basic needs met, and likely much more. The real 'challenge' might be how people will determine value and maintain self worth in a society where jobs are a thing of the past and all needs are met. Competition for resources may be unnecessary. That is one of the main factors that women use for mate selection. In the future, if we get to the point where resources arent a primary factor in reproduction, likely physical attraction and personality traits and maybe even genetic screening might be used for selection, hard to say for sure I guess. With current birth rates, the global population of humans might plummet in the next century or so.

 

[guywhofishes]

Virtually everyone has potentially idle hands? If I know people, they're gonna find a way to make trouble with all that free time.

Good grief - talk about a recipe for hell on earth.

 

[NDbowman]

wont have to, or people will be allocated credit of some sort for existing, kinda like a universal basic income. According to him, we have always lived in a world of scarcity, but we are entering an age of abundance, where everyone will have all their basic needs met, and likely much more. The real 'challenge' might be how people will determine value and maintain self worth in a society where jobs are a thing of the past and all needs are met. Competition for resources may be unnecessary. That is one of the main factors that women use for mate selection. In the future, if we get to the point where resources arent a primary factor in reproduction, likely physical attraction and personality traits and maybe even genetic screening might be used for selection, hard to say for sure I guess. With current birth rates, the global population of humans might plummet in the next century or so.

So is Elon giving up or spending his money? I doubt it.

 

[KDM]

wont have to, or people will be allocated credit of some sort for existing, kinda like a universal basic income. According to him, we have always lived in a world of scarcity, but we are entering an age of abundance, where everyone will have all their basic needs met, and likely much more. The real 'challenge' might be how people will determine value and maintain self worth in a society where jobs are a thing of the past and all needs are met. Competition for resources may be unnecessary. That is one of the main factors that women use for mate selection. In the future, if we get to the point where resources arent a primary factor in reproduction, likely physical attraction and personality traits and maybe even genetic screening might be used for selection, hard to say for sure I guess. With current birth rates, the global population of humans might plummet in the next century or so.

Virtually no chance of this happening IMO. Greed is VASTLY more powerful to the human condition than empathy, selfless actions, or utopian motivators of any kind. If by some minuscule chance this process was to be initiated, I rather doubt the wealthy elites will give up their financial positions, status, power, and all other trappings of being rich in an effort to elevate the plebs to lives of comfort and abundance. Selfishness is universal in humans, selflessness is a rarity. Sad, but just the way it is. Very few people would willingly labor when all their needs are being met. Just look at the welfare recipients currently on the books. Now make that nationwide. People would have to be forced to go do construction, farming, oil production, or essentially any other job. I agree with guy. What a recipe for disaster.

 

[Lycanthrope]

Virtually no chance of this happening IMO. Greed is VASTLY more powerful to the human condition than empathy, selfless actions, or utopian motivators of any kind. If by some minuscule chance this process was to be initiated, I rather doubt the wealthy elites will give up their financial positions, status, power, and all other trappings of being rich in an effort to elevate the plebs to lives of comfort and abundance. Selfishness is universal in humans, selflessness is a rarity. Sad, but just the way it is. Very few people would willingly labor when all their needs are being met. Just look at the welfare recipients currently on the books. Now make that nationwide. People would have to be forced to go do construction, farming, oil production, or essentially any other job. I agree with guy. What a recipe for disaster.

there will always be an elite class, as long as humans are in control, no doubt about that. I didnt say all 'wealth' would be distributed equally, just that many are predicting that everyone will have a very comfortable level of existence with little to no labor required. You are assuming humans will be required for all those industries, think bigger. Elon is also predicting that humanoid robots will outnumber actual humans on earth in the not distant future. Of course hes moving into the 'robot' business, but hes got a nack for predicting the future, even if his timeframes arent always perfect. Also you are assuming that humans will control things, again think bigger. When/if we end up with a superintelligent AI, there is virtually no chance that humans will be able to control it forever.

 

[Maddog]

I hope to be long gone by then.

 

[Lycanthrope]

I hope to be long gone by then.

Depends on your age. Aging is also a problem that its possible AI will solve.

 

[risingsun]

Depends on your age. Aging is also a problem that its possible AI will solve.

This is not a comforting thought. Can you imagine Juanr sowing seed well past the century mark??

 

[3Roosters]

With the rise in gold and silver lately, a person may wish to take in this boat event to take some profit off the table! hahaha

Feb. 11-15, 2026. Miami International Boat Show. The largest boat and yacht show in the world is held on Presidents Day weekend. Here you’ll discover everything — from kayaks to superyachts to the latest aquatic innovations. This show attracts hundreds of thousands of attendees to five locations: Miami Beach Convention Center, Pride Park (next to the convention center), Yacht Collection on Collins Ave waterfront along Indian Creek, Superyacht Miami and Sailor’s Cove at IGY Yacht Haven Grande. The five-day mega-festival features seminars, special events, and extraordinary yachts.

 

[Maddog]

U.S. Injects $1.6 Billion Into Rare Earth Mining​

The U.S. government is pouring $1.6 billion into Oklahoma-based USA Rare Earth for a 10% stake. The deal, set to be announced today, includes a separate $1 billion private financing round. The company’s stock surged nearly 40% in premarket trading.

This marks Washington’s latest push to secure domestic supplies of critical minerals and reduce reliance on China, which has weaponized its rare earth dominance in trade disputes. Last year, the government took similar equity stakes in MP Materials, Lithium Americas, and Trilogy Metals.

USA Rare Earth is developing a Texas mine and an Oklahoma magnet manufacturing facility expected to go commercial in early 2026. These minerals are essential for semiconductors, defense systems, and advanced technologies.

The investment underscores a broader trend: governments are treating certain commodities as strategic assets, not just market goods. While rare earths power modern tech, gold and silver remain the ultimate store of value when geopolitical competition heats up.

 

[Maddog]

Japan’s Bond Market Meltdown Sends Shockwaves to U.S. Treasuries​

Japan’s government bond market suffered a historic rout this week, with 40-year yields surging past 4% for the first time since 2007. The 30-year bond hit a record 3.9%. Markets are rejecting Prime Minister Sanae Takaichi’s massive stimulus plan, which includes consumption tax cuts with no clear funding source.

The concern: Japan’s debt-to-GDP ratio already exceeds 260%. Investors fear the government will flood the market with new bond issuance just as the Bank of Japan raised rates to 0.75% — a 30-year high. This is being compared to the UK’s 2022 Liz Truss crisis.

Here’s why it matters globally: Japan holds over $1 trillion in U.S. Treasuries, making it America’s largest foreign creditor. As Japanese yields spike, domestic insurers and banks are liquidating foreign holdings to chase higher returns at home. That forced selling pushed U.S. 10-year Treasury yields above 4.30% this week.

For precious metals investors, this is textbook risk-off territory. When bond markets crack and sovereign debt concerns resurface, capital flows to assets outside the government debt system — like gold and silver.

The global financial stress is landing squarely on the Federal Reserve’s doorstep this week.

 

[sweeney]

So if the price of metals is XXX.xx but nobody is buying it at that price is that really the price of it?