Posted on 02/01/2026 2:14:49 PM PST by nickcarraway
The price of gold fell from a record $5600 to $4770 per ounce. On Friday, the price of silver fell by 31%. This is the biggest percentage drop in the price of this bullion since March 1980. What could be the reasons for such declines?
Gold hit a new record high on Thursday at $5600 per ounce. Silver was trading at $120 per ounce. Suddenly, precious metal prices began to fall. By Friday evening, gold was already costing $470 per ounce.
Gold fever reached a new high at the beginning of 2026, with prices hitting a record earlier this week. All over the world, people queued up to sell bullion they already owned or to buy it.
Consumers went to local retailers to cash in their gold jewellery. Some are buying gold coins or bars for the first time. Others are investing in exchange-traded funds, trading the value of the metal in a way similar to trading shares.
(Excerpt) Read more at euronews.com ...
A reasonable first step for people starting to wonder about the banking establishment is to:
1. stop listening to mainstream sources
2. find alternative sources who know what they’re talking about
I don’t invest directly in silver.
I put my money on Dimon via JPM. Owned it for over 20 years.
Last year they were loading up on silver in the 30’s.
I am seeing credible but unverified by me reports that they went short last week.
Of course, they are hedging against inventory so the shill scare stories posted by some here about JIM’S demise are totally unfounded.
believe what you want ... it is your right ... good luck ...
“When banks claim to have silver but have none, it’s called fraud.”
Which banks?
You are sounding like the totally discredited shill that posts as delta7.
Not a good look.
Not exactly.
You should watch this and speak with an accountant.
JP Morgan, Citibank, Bank of America, Wells Fargo and one more it’s the one that to me sounds sort of like JP Morgan but the name slips my mind at the moment.
And then you have the Euro bankers.
These posts are looking like I’m over the target.
I can always tell when I’ve poked the bear. (In this case, a panda).
Why do you not want people to know about banking fraud?
And by the way, I don’t post according to how it makes me look.
I post what I consider to be true. You should try it.
Here’s a test for you:
How much silver does the COMEX have, and how does that compare to how much they claim to have?
You see, the banking fraud in silver is all about how they don’t have what they claim to have. Look into it.
Believing what the big banks say about silver is equivalent to believing a cross dresser when he tells you he’s a woman.
“Here’s a test for you:”
You made an unfounded claim. Man up and answer my question.
But you can’t. Because it is not true.
“Believing what the big banks say about silver is equivalent to believing a cross dresser when he tells you he’s a woman.”
Big banks don’t talk. They act.
“You see, the banking fraud in silver is all about how they don’t have what they claim to have”
The test is not on me. It is on you. You who like delta7 and the other PM shills here spread scare with unfounded statements.
Who were the brothers who did this scam a few decades ago to silver?
better be careful TG ... I think she’s on to you ...
You didn’t ask anything, that I noticed. Did you?
In resorting to semantics, you’ve conceded the argument.
But if you don’t know anything about COMEX or the silver/gold market, how can you have a discussion about it?
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