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Hi Ho Silver (And Gold)! Gold Futures Surge To Above $2,400, Up 19.61% Since Last Year (Bitcoin UP 133.44% Since Last Year) FEAR!
Confounded Interest ^ | 04/12/2024 | Anthony B. Sanders

Posted on 04/12/2024 7:53:57 AM PDT by Kaiser8408a

Hi Ho Silver (and Gold)!

Gold futures prices are soaring and are at $2,422.00. Gold futures prices are up 19.61% over the past year.

Silver futures prices are also soaring and are at $29.64. Silver futures prices are up 16.40% over the past year.

Bitcoin is almost at $70,000 and is up 133.44% over the past year.

Returning to gold, we are seeing another gold breakout, like the breakout in 2008.

Even central banks are loading up on gold, silver, and cryptos. Why? Primarily fear of US reckless budgets and exploding debts/deficits (don’t listen to Biden talk about how “he” reduced deficits and debt (both have risen to dangerous levels under he inattentive eyes).

However, calming the jangled nerves of pension funds is that the S&P 500 stock market index is up 26.04% over the past year.

Of course, the S&P 500 is not sustainable given that it has been driven by excessive spending by the Biden Adminstration coupled with still massive monetary stimulus from The Federal Reserve.

In summary, gold, silver and cryptos are rising on FEAR! Of Biden, Congress and The Fed.

(Excerpt) Read more at confoundedinterest.net ...


TOPICS: Business/Economy; Food; Government; Politics
KEYWORDS: bitcoin; gold; silver
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1 posted on 04/12/2024 7:53:57 AM PDT by Kaiser8408a
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To: Kaiser8408a

Metals have broken out so aggressively, the European and US central banks are no longer able to suppress them by shorting futures.

Currency is being exposed.

BRICS+ nations have been buying physical gold like there’s no tomorrow. Tomorrow? Who knows?


2 posted on 04/12/2024 8:03:59 AM PDT by Migraine ( )
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To: Migraine

Is this the beginning of the “dollar taking a dump”?


3 posted on 04/12/2024 8:06:05 AM PDT by mikelets456
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To: Kaiser8408a

crazy, it has been a long time since I saw a dollar up day in silver. must have been at least 12 years.

I will probably sell 1000 oz if it gets back up to 49.67


4 posted on 04/12/2024 8:13:41 AM PDT by algore
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To: Kaiser8408a
Why is this surprising?

The Biden Administration been debasing the dollar with insane spending and unimaginable deficits, resulting in high inflation—

and the Fed has been debasing it even more with massive irresponsible money printing!

5 posted on 04/12/2024 8:14:16 AM PDT by volare737 (Diversity is something to be overcome, not celebrated.)
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To: mikelets456

“Is this the beginning of the ‘dollar taking a dump’”?

Well put. You see the problem. The feds talk about the lack of concern that should be given to inflation but the surge in gold is contributory. When gold surges, prices go up. When money is printed with no worth value, it cuts the dollar in half every time. Thus while the dollar is now required to represent 50 cents, the $1 is what is required to cover the cost of anything tht was 50 cents.

So the new 50 cents is the $1 or in time the $1.50 to the $2...and the process continues until enough can’t find the expanded dollar and they can’t buy anything. It’s a long process, but there is a dark cloud at the end of the tunnel. There is no light up there because there are only two things that come out of it in depreciation, the dollar and the ability of those that can find one.

wy69


6 posted on 04/12/2024 8:26:15 AM PDT by whitney69 (yption tunnels)
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To: whitney69

Thank you for explaining——sadly, this is not headed in a good direction and stopping this (as days go bye) becomes harder and harder.


7 posted on 04/12/2024 8:29:42 AM PDT by mikelets456
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To: mikelets456
Based on the 20% of Bidenflation (which is actually understated, since the formula was changed) since he took office,

that dollar is now worth only 80 cents (and dropping)!!

8 posted on 04/12/2024 8:30:29 AM PDT by volare737 (Diversity is something to be overcome, not celebrated.)
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To: Kaiser8408a

Copper’s been on a tear and I’ve been enjoying the ride with FCX and TGB.


9 posted on 04/12/2024 8:33:50 AM PDT by Miami Rebel
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To: Kaiser8408a

Could never figure out how to buy it without getting ripped off. I suspect Lear Finacial, Birch Gold, Gold Line, etc. are all ripoffs.


10 posted on 04/12/2024 8:47:11 AM PDT by MachIV
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To: MachIV
You should never pay more than a 5% premium over the spot price.

A more reasonable fee is 2-3% over the spot price (if you shop around from a reputable dealer, which most bigger dealers are). Costco, for example charges about 2 1/2 over spot.

Let’s go Brandon.

11 posted on 04/12/2024 8:55:03 AM PDT by volare737 (Diversity is something to be overcome, not celebrated.)
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To: MachIV

Buy American Gold Eagles through Apmex.com, Monumentmetals.com, HeroBullion.com

Compare prices and deals


12 posted on 04/12/2024 9:12:42 AM PDT by PMAS (Vote with your wallets, there are 80 million of us - No China made, No Amazon)
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To: Kaiser8408a

Bidenflation is 18%, gold going up 19% doesn’t seem like much of a breakout to me.
Time will tell.


13 posted on 04/12/2024 9:33:44 AM PDT by Fireone (Who killed Obama's chef?)
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To: caww; Cleebie Grums; CFW; CPT Clay; Diana in Wisconsin; dynachrome; EvilCapitalist; gnarledmaw; ...

FR Gold & Silver Ping list!


14 posted on 04/12/2024 9:36:36 AM PDT by aMorePerfectUnion
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To: Fireone

+1


15 posted on 04/12/2024 9:45:38 AM PDT by 4Liberty ( Kamala’s relatives owned slaves. )
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To: aMorePerfectUnion

Pretty wild swing so far today. Back down to ~2368


16 posted on 04/12/2024 9:47:51 AM PDT by dynachrome ("God grant I don't outlive my wits.")
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To: Kaiser8408a

Interesting way to word the collapse of the value of the dollar.


17 posted on 04/12/2024 10:06:33 AM PDT by taxcontrol (The choice is clear - either live as a slave on your knees or die as a free citizen on your feet.)
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To: mikelets456

In my opinion, this is the biggest case of “emperor has no clothes” exposure yet. With respect to the Dollar (the most virtuous whore in the whorehouse), it is being shown for the vapor-paper that it is.

In due time, all paper currencies are doomed to collapse. They’ll be replaced by CBDCs, which is big-gov’s wet dream. Gov’ts will be able to monitor and control everybody as digital crypto displaces paper.

The antidote is precious metal. Gov’ts may outlaw the use of it, call it all in; but I think people who have some will be able to engage in black market economics (at great risk, I’m pretty sure).


18 posted on 04/12/2024 10:11:17 AM PDT by Migraine ( )
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To: Migraine
Great post. You nailed it.

CBDC's would be devastating to personal freedoms, yet it probably will occur--sooner rather than later if the democrats win this fall. CBDC's are perfect for an authoritarian, socialist, leviathan government (which we appear we are headed for).

It would allow the government to monitor and follow absolutely every possible move you make--personal, professional, political, financial, and otherwise.

It must be resisted in the strongest possible terms.

19 posted on 04/12/2024 10:46:00 AM PDT by volare737 (Diversity is something to be overcome, not celebrated.)
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To: volare737
t would allow the government to monitor and follow

You could add: "reward or punish" to that statement.

Thanks for your brilliant post (you agreed w/ me!).

20 posted on 04/12/2024 11:00:45 AM PDT by Migraine ( )
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