Its just numbers trading, concern should be for value of dollar.

@CookieMonster @farmerguy56 @FrankZeleniuk @FOTD13

Platinum group metals increased in value by a factor of 10 over the past 4 years. Something's going on. Someone is trying to corner the platinum group metal market. Someone is expecting fiat currency to collapse.

The best catalysts are platinum, rhodium, and palladium, hence these will always have value.

The strongest and hardest metals are rhenium, osmium, and iridium, hence these will always have value.

Mining and currency: jaymaron.com/mining.html [jaymaron.com]

@jaymaron You are right here, ive been buying physical silver,Precious metals can store value and be immune to inflation.

@CookieMonster @farmerguy56 @FrankZeleniuk @FOTD13

I worry about the metal stockpiles. I wouldn't leave the metal in a stockpile managed by some corporation. I don't trust corporations. I would have the metal delivered to me and I would bury it in the ground. I would furthermore own a mass spectrometer so I can personally check to see if the metal is actually silver.

If you buy a gold bar, make sure the interior isn't stuffed with cheap tungsten. Break the bars in half and inspect them. Then put samples from the interior in the mass spectrometer.

Mount Gox was a cryptocurrency exchange and they got hacked and lost $500 million of bitcoins. Everyone that put their bitcoins in the Gox exchange lost them. I don't believe Gox's story. I think Gox simply stole the bitcoins themselves and faked the hack.

In the Gamestop scandal, the corporation Robin Hood ran a stock exchange, and they illegally shut down trading when it suited them. In other words, Robin Hood straight up stole money from the the people that used it. Robin Hood did it to protect themselves from losses, which should have become gains for the people who used the service. The people were denied those gains. Gamestop didn't have to pay out the losses that it was obligated to. It was theft. It was egregiously illegal, and there was no punishment. There is no longer deterrent for corporations to steal money from people.

In the Revolutionary War, America created its own currency but the British destroyed it with counterfeits. The only legit currency that existed in America was British silver.

A briefcase full of osmium is 20 million dollars. This makes it possible to carry wealth around.

On occasion, the President of America has issued an executive order requiring that any American that possessed gold to sell it to the government. This can happen. If your gold is in a stockpile managed by a corporation, the government will take it once it becomes valuable. The government won't give you a fair price for it. They'll take it the moment gold spikes in value or when hyperinflation happens. Get the gold yourself and bury it in the ground.

When a nation becomes a 1-party state, it invariably becomes a kleptocracy. In Russia, anyone with political power wantonly uses it to steal as much as he can from the government. Expect that American politicians will do this as well.

The Secretary of the Treasury should be renamed the Secretary of the Debt. If you look inside the treasury you don't find treasure. You find debt. If the government wants to buy something it doesn't pay for it with treasure. It pays for it by creating new debt.

@CookieMonster @farmerguy56 @FrankZeleniuk @FOTD13 @HistoryCorner @Krunoslav

Gold can be counterfeited because tungsten has the same density and tungsten is cheaper.
Rhenium can't be counterfeited because every other element that has a density at least as large as rhenium is more expensive than rhenium. Platinum and iridium are also uncounterfeitable because of their density.

Buy rhenium, platinum, and iridium.

Bury gold, guns, and ammo, and bury them. The government has already declared that they'll take your guns and they'll take your gold too. Guns are protected by the constitution and the government wants to take them. Gold isn't protected by the constitution so the government will surely take it. The government will make it illegal to transact in gold.

When the dollar collapses to hyperinflation, Biden will switch us from fiat currency to the gold standard and the government will demand that you pay taxes in gold.

The government can take your land by creating excessive property tax. The government can find a way to take almost anything. The government wants to take the colonialist white supremacist books from your self. The government wants to make cows illegal. Bury your treasure in the ground.

Previous to the discovery of tungsten, gold was uncounterfeitable because of its density. Previous to 1800, no element was known that had a density anywhere close to gold.
Silver could always be counterfeited with lead because lead is more dense and cheaper.

It would be wise to buy a machine that can measure a coin's mass, dimensions, and density. When I teach physics, the first lab is measuring the density of coins.

Buy Scotch. It improves with age and there will always be demand. Once the barter economy happens, one of the standard units of wealth will be a bottle of Laphroaig Scotch.

The columns are density (g/cm^3) and value ($/kg)

Silver         10.5      1100
Lead         11.3             2.2
Tungsten 19.2           35
Gold          19.3          60
Rhenium   21.0     1100
Platinum   21.4    35000
Iridium      22.6  130000
Osmium    22.6 1600000

@jaymaron "Buy Scotch. It improves with age and there will always be demand." Yeah, but it also has the ability to turn into 50% tapwater if you have teenagers in the house.

Money is fake no matter what you use as currency.

@jaymaron The world currency is about to change, I think. First, government issued fiat currencies are going to disappear. We're going cashless. Everything will be digital but not a cryptocurrency because of its inability to be tracked by government so they know you are paying your fair share of taxes. I am not certain why it is important to pay taxes when the government just prints what it needs anyway under MMT. I suppose "money" will be used as a control system. It is somewhat of a control system currently but all confidence and trust in government will disappear and that is what backs confidence and trust in a nation's currency. A UBI will be instituted which will reduce "money" to just being a method of account for the purposes of control. All other properties of money, the important ones, will fall by the wayside. It will no longer be a long-term store of value. It will be more or less a token. As a medium of exchange, its main function, it will only purchase a rationed amount of production. This invites the creation of an underground economy where a bottle of scotch just may be the medium of exchange.
You will own nothing and be happy, as stated by the World Economic Forum.

@CookieMonster @farmerguy56 @FrankZeleniuk @FOTD13 @HistoryCorner @Krunoslav

In the stock market, there does not exist an investment that is simultaneously high-return and low-risk. Market forces forbid it from happening.

At present, solar cells are a low-return low-risk investment, but as their price falls they will someday become a high-return low-risk investment. Once this happens people will ditch the stock market and buy solar cells.

At present, money = energy. The price of metals is proportional to the energy required to extract them. This is the concept of "embodied energy".

Once solar cells take over as the dominant investment vehicle, wealth will be measured in Watts rather than Joules. It will become Watts = money.

The government can control solar cells because it can control the land it's on. The government will control the economy by controlling solar cells. Bootleg solar cells will be forbidden.

The Founding Fathers should have included more amendments, ensuring the right to bear gold and the right to bear solar cells. More abstractly, the right to possess wealth and the right to produce wealth.

In the future, the government will put regulations on sunlight and air. There will be a sunlight tax and an oxygen tax.

Oligarchs are great at playing the game of "hide the money". They will find ways to hide their wealth from the government, and the plebes will be unable to.

@jaymaron I have to agree with @HistoryCorner on this one.

Besides if you do alchemy and produce more gold, you are essentially causing inflation in gold production, which defeats the purpose, doesn't it?

Probably gold being on the market all of a sudden in large supply would draw attention so counterfeiting would draw attention to itself almost by default. Besides making gold from scratch, I imagine the process ain't cheap.

Reminds me of how printer ink is more expensive than gold. One guy said. I though about printing my own money, but it just costs to damn much. lol

@CookieMonster @farmerguy56 @FrankZeleniuk @FOTD13 @HistoryCorner @Krunoslav

The requirements for a currency are:

• Uncounterfeitable
• Immutable in time, or increasing with value over time
• Large value for $/kg, so that you can carry it around.
• Not explosive. Lithium is valuable but explosive. Platinum never ever corrodes.
• Hideable (buryable)

Watts and Joules also qualify as currency. Any device that produces Watts has value, and energy has value.

Nuclear fission waste is the new gold.

Nuclear fission produces bigly rhodium and palladium, and these are valuable. They are great catalysts. If you care about clean air, you have to care about catalysts and mufflers.

Fission reactors produce neutrons, and they shouldn't go to waste. A neutron is a terrible thing to waste. Neutrons can transmute elements, for example:

Tungsten -> Rhenium -> Osmium -> Iridium -> Platinum -> Gold

Given that the price of platinum group metals increased by a factor of 10 over the past 4 years, it may be that nuclear fission waste is valuable, for rhodium and palladium.

It's a guarantee that using nuclear reactors for transmutation will increase their profitability.

Drill baby drill! Nuke baby nuke!

The discard heat from a fission reactor can turn a town in Nonavut into a tropical paradise.
If people knew how valuable fission reactors are, everyone would want one in their back yard.

If I were a governor I would declare my state to be a nuclear sanctuary state and I would build fission reactors. Agents of the federal Nuclear Regulatory Commission will be deported from the state.

Article on fission reactors, transmutation, and fission waste: jaymaron.com/reactor.html [jaymaron.com]

@jaymaron Uncounterfeitable? There is no such thing as Uncounterfeitable. If one man invented it another can replicate it. Its more a matter of cost / benefit scenario for each party, goverment vs the other organized crime than a matter of impossibility. Hell we are living in the biggest ponzi scheme in the history of the world and governments are behind it with the whole Fitat currency and the way its set up. It comes down to trust and recognized legitimacy. The rest is only a matter of agreement. In other words, it is less about technology and more about psychology and sociology.

@CookieMonster @farmerguy56 @FrankZeleniuk @FOTD13 @HistoryCorner @Krunoslav

Yes, production matters. The currency should be hard to produce. Platinum group elements can be produced but it's difficult. The best platinum group mines are Sudbury, Canada, and Vredefort, South Africa. Both are metal asteroid craters.

Metal asteroids have trillions of dollars of platinum group metals. If I were an oligarch I would be busy developing a space program so that I can mine metal asteroids. I suspect this is what Musk is really after. jaymaron.com/asteroidmining.html [jaymaron.com]

Production is a huge issue. Some elements are "endangered elements" because ore is limited. Some elements are "conflict elements" because they come from conflict zones (cobalt). Some elements are endangered because they are mined principally in China, and the CCP controls Chinese mining.
This makes rare Earths and germanium especially valuable. Buy as much as you can.

Mining and endangered elements: jaymaron.com/mining.html [jaymaron.com]

@CookieMonster @farmerguy56 @FrankZeleniuk @FOTD13 @HistoryCorner @Krunoslav

The plot shows world production for each element. The elements to buy are the ones for which there is low production. These are the elements that are squeezable and they could spike in value. Expect metal squeezes in the future.

I would buy rhenium. It has low production and it's necessary for aircraft turbines.