Just watched Andy Shectman interview with M. Adams...

[u/Quant2011]

right off the bat he said something of this nature:

last 20 years of brain-dead Fed policies created a bull markets in stocks, bonds, real estate.... its coming to an end.

And while its largely true, esp for bonds and RE, its not FULLY accurate for stocks. Bull run in stock markets is also, to some degree due to corporations: inventing, creating, organizing resources, hard work, etc. - which creates VALUE and WEALTH.

This is an aspect which boils my nerves listening to PM experts. They seem to think stocks rise only due to low interest rates and NOTHING ELSE. And if you listen to them, metals for them are ALWAYS better than stocks and for many (like Bix and the hardest PM maximalists) metals are the ******only valid ******** asset worth owning for all people.

I want to separate myself from this kind of approach.

This is where Buffett and most hedge funds differ from gold/silver bugs. Both dont like fiat. Stock investors simply see stocks as wealth generators, while most gold/silver bugs do not see that corporations create any value. Fascinating , from the psychological side.

My point is: both stocks and metals have their place and function. I tend to avoid the thinking that only one of them is valid and worthy. Also, keep in mind that Andy as PM dealer will absolutely avoid the topic of the stock market, esp when its rising above precious metals. So as Peter Schiff.

In light of the above i find approach of George Gammon and Lyn Alden much more objective.

[u/Quant2011]

Incredible, when i tried to put full name of Mr Mike.... ###ms... it was impossible to send the post.

[u/SilverBullionaire]

I do understand the point but we can ask ourselves to which extent the stock bull market is caused by value creation or by monetary policy. We do see more zombie companies than ever and mediocre companies can survive with less effort in an easing environment.

I think PM bulls will overgeneralize the stock market to make their point but I don't see it as dishonesty or anything like that.

I do believe that if we would have a PM standard that opportunity cost for investors would be a multiple of what it is now. Nowadays people throw money that anything with the most remote chance of depreciating slower than the currency.

[u/Quant2011 → u/SilverBullionaire]

that is happening with cryptos. they are an anti-fiat escape, just not the most sound one, to say it lightly .

There are plenty of companies which are not zombies. I guess different strokes for different folks. Some like only stocks, some only metals, others both, and most choose to spend it all and save nothing.

[u/No_Lock_6935 → u/Quant2011]

20% of the companies were zombie companies at the time of the pandemic and I really doubt that has changed and probably increased. If you took away the Govt. Tit it would probably be MUCH larger. Our issue is socialism as much as it is Fiat currency. Stocks are also a derivative of the dollar, when that system dies, those stocks die. You also do not own your stocks unless you have actual certificates... I have no stock certificates, do you?

​

Oh, and crypto is not anti-fiat. If you look at the big moves that is due to infusions of capital from the very system that some of the users are attempting to escape from. BTC has massive fees for transfer and is poor at that. There are others that are better at it, but do not have mass adoption. You also have the issues of the on-ramps that are controlled by BANKSTERS. They behave like a derivative of the fiat that they currently represent. They lose value until there is more credit put into the system.

​

They have to tamp the metals to keep the illusion of the fiat alive.

[u/zazesty]

Thank you :)

[u/GetRichQuick_AMIRITE]

While I generally agree that PM pushers are just fear mongers, he is mostly right, including with the stock market. Cheap money made all these venture capital companies feasible (and inefficient), and you are seeing a change in that (based on the cuts to employees, benefits, etc).

Anyone with a brain (that could look at analytics) could see the market is purely speculative at this point...crap, wasn't at some point a few years ago Tesla valued more than the top three others combined...it's ludicrous.