iBankCoin
18 years in Wall Street, left after finding out it was all horseshit. Founder/ Master and Commander: iBankCoin, finance news and commentary from the future.
Joined Nov 10, 2007
20,473 Blog Posts

GOLD, CRYPTOS SURGE AS DOLLAR COLLAPSES

Admittedly, that title is click-bait as fuck. Being that I don’t run ads on iBC, ask me if I give a fuck. The dollar index is down 0.75% today. You do not see that very often. At the same time, palladium, platinum, and gold are all up around 2%. Silver is the real winner, up nearly 7%. No idea what the fuck is going on there.

I do know, however, my Ethereum is higher, tremendously, to $325. I simply buy some every month like paying a bill.

Futures are higher too, +88 NASDAQS. If you recall to the days when the dollar was trash, stocks traded up, as well as anything priced in dollars, such as oil. Also, foreign exporters did very well — getting paid in foreign currencies and reporting earnings in dollars. Once upon a time here, there was a dollar is trash trade and I suspect, or at least I hope, the days of the $100 tomato are coming back.

I have a long day planned ahead and will not be able to trade. I step into today with old man dividend stocks and JNUG — which is sharply higher. Part of me wants to book the 20 point profit; but there is another side of me that is restlessly greedy.

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16 comments

  1. purdy

    How harsh. Only 70% of your salary for staying home and smoking weed! Not to worry, there’ll be a compromise with Pelosi that will raise this figure. It’s election time and both “sides” want to be generous.

    Thank God the ROW is willing to work long hours to make stuff in exchange for USD.

    I’m a victim. I want more!
    I’m a victim. I want more!

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    • metalleg

      You want more?

      Well young man, you’re gonna get more.

      How does a debt jubilee sound?

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    • heckler

      Dude my couch weed crypto program is playing out fucking perfectly

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  2. xevason158

    Finally, my paycheck is $ 8,500? A working 10 hours per week online. My brother’s friend had an average of 12K for several months, he work about 22 hours a week. I can not believe how easy it is, once I try to do so..  Read More.

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  3. xevason158

    I Make Money At H0me.Let’s start work offered by Google!!Yes,this is definitely the most financially rewarding Job I’ve had . Last Monday I bought a great Lotus Elan after I been earning $9534 this-last/5 weeks and-a little over, $10k last month .EDs . I started this four months/ago and immediately started to bring home minimum $97 per/hrHeres what I do… Read More. 

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  4. shiclus

    I don’t know what to say really what you share is so good and helpful to the community, I feel that it makes our community much more developed, thanks. Heres what I do…Heres what I do …. Heres what I do?????Read More.

    • 1
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    • 1 Deem this to be "Fake News"
  5. trumpmeister

    I want to say that I have been doing the same thing as Fly when it comes to ETH. I spent a few Ks per month buying ETH. This is my hedge against the collapse of fiat currencies.

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  6. trumpmeister

    Also, this Covid19 story is overplayed. Google covid new cases for Florida, Texas, New York, and California. The worst is behind us. We’re plateauing right now. Market is about to stage the next leg higher, killing all the bear$hitters.

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  7. peaches

    Why should I sell some of my BTC and buy ETH?

    If ETH is better why did it fall harder compared to BTC.

    ETH needs to quintuple to get to it’s all time high.

    BTC needs to double and we’re there.

    Yet you guys are buying it every month?

    What am I missing here?

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    • trumpmeister

      Innovative leadership + increasing adoption in real world applications

      If there is a crypto that will become the world currency in ten years, it will not be bitcoin but rather ETH. Read more about smart contracts, and its future role to return back the power from big conglomerates to small businesses again.

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      • metalleg

        BSV is Bitcoin. Fuck BTC. ETH may be okay but they have plenty of competition. NEO and EOS are solid too.

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  8. Mr. Cain Thaler
    Mr. Cain Thaler

    The gold silver ratio hit a historic high going back against every century of recorded history and now the spread is collapsing back to normal ranges, which entails silver skyrocketing.

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  9. soupbone

    The work from home program leaves so much room for abuse. Maybe Google can monitor bad employees but there’s many companies that can’t.

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  10. spaceman

    I HAVE BEEN BANGING THE TABLE FOR A YEAR TO GET YOU GUYS TO BUY PHYSICAL GOLD AND SILVER BUT NOOOO!!! NOW I OWN 14 GOLD EAGLES AND 20 GOLD MAPLES AND 250 SILVER EAGLES AND 1475 SILVER MAPLES. THERE’S A GRAND SOLAR MINIMUM ARRIVING RIGHT NOW WITH CROP FAILURES VOLCANOES FLOODS FINANCIAL COLLAPSE AND SUMMER WILL BE AS BAD AS 1816 THANK GOD!!!
    https://youtu.be/SHGbri7gWWw

    Which Joe Biden Are You Voting For?”

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  11. bob smith

    “NOW I OWN 14 GOLD EAGLES AND 20 GOLD MAPLES AND 250 SILVER EAGLES AND 1475 SILVER MAPLES.”

    If that is all you own, you really need to use lower case and hope the next stimulus check gets here in time to pay your mom rent for your place in her basement.

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  12. meens1972

    I don’t know what to say really what you share is so good and helpful to the community, I feel that it makes our community much more developed, thanks. Heres what I do…Heres what I do …. Heres what I do?????Read More.

    • 1
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    • 0 Deem this to be "Fake News"