Message from @Freiheit - CA
Discord ID: 485293346214903808
make flash cards to memorize the formulas and do plenty of practice problems before exam day and youll be fine
level 1 is not hard
level 2 is hard
and level 3 is easier than level 2 from what ive heard
@ophiuchus good luck man, I look forward to hearing how it goes.
@ThisIsChris thank you! I’m probably aiming to take it in June, and then 2 and 3 the following 2 years. That way when I finish, I’ll only have to wait about six months before I can accept the charter (4 years finance work required, etc.)
We out here
We’re luckily using this as a textbook this semester
I completely skipped the stats portion of level 1 and still passed
Lmao
I’ve heard the ethics portion is significantly more substantial that you’d think
Yeah I did well on that part because I’m Christian
@Tanner - SC I did a report with a buddy of mine on where the next credit bubbles in the economy are likely to occur. While everyone's mind usually turns to student loans, that sector is complicated with lots of mitigating factors. The sector that is ready to pop unconditionally is the autoloan sector. Subprime loans for automobiles account for about 33% of all autoloans at the moment. One third of those are already defaulted on as of last January.
Yikes.
Bought a bunch of silver.
@Freiheit - CA nice, from where? JM Billion offers 10ozs to new customers at spot and they cover shipping.
LCS
I only pay cash at local coin shop
I also get 10oz bars or 1oz rds usually marked up 3-5% but I have no paper trail, a steady relationship with my dealer, and sometimes I get the inside info on some good stuff before it's ready for sale.
Online can be way better, but I like the relationship and anonymity.
Nice! Hm maybe I should get in touch with a coin shop
@ThisIsChris if that report is available to be shared publicly I’d love to read it
@ophiuchus on mobile right now, I'll look for it when I get home. I do have this relevant screenshot of the work though
The Quarterly report on household debt and credit was one of the main sources
You can get silver almost at spot from a good dealer or online deals
It's still down in the 15$ range I believe
I sold some gold and silver last year. It cost me $150 to mail it to the buyer. That’s when I realized metals will never be currency again.
most places have free shipping lol
Free shipping when you buy from a broker, not when you sell. And no there's no "free" shipping when transacting between individuals.
In a future where metals are currency, am I going to spend $20 to mail silver to Amazon.com to purchase $100 worth of goods?
So you are saying precious metals are obsolete as an investment because of weight?
That's an interesting point that I had never considered, that in a global market, physical currency is logistically clumsy
You're assuming a constant price, or elastic supply.
Then why do the most rich and powerful people banks nations ect hoard these precious metals?
Most rich people and most western nations don't hold precious metals. For any who do, perhaps they like ancient relics. I provided an argument why metals are no longer relevant. Saying "some people like them" does not refute my argument. Maybe you can tell me why some people like them.
How do you see metals being used in the future? They're far too expensive to send around, so if anyone starts using them, people will start printing warehouse receipts again and they'll print them with fractional reserves and it's not that different from what we have now.
Russia's has trippled it's gold reserves as of late
IDK where you get the info that no Western nation or powerful elites don't stack gold.
Bank of England
From financial times Today, Germany is one of the biggest holders of gold in the world: it owns 3,378 tonnes, worth €119bn, second only to the US. But until recently, most of that gold was stored in New York, London and Paris.