Posted on 05/19/2021 9:10:06 AM PDT by drdirt333
Gold and Silver are just about to be announced as the hard assets backing our US currency, Rainbow currency. Trump and others have discussed this, it’s not a secret. Lots of folks have heard it. Why isn’t the price of gold and silver running to the moon. Yes, I own shirt dated calls, yes I’m talking my own book. But c’mon man. Really? Chase and a handful of banks rig the silver market, like an iron fist, but there has to be massive pressure to squeeze. Trump promised fair and free markets, the market, at this late date should be fair and free, Chase’s grip gone. A guy at Zero Hedge called silver the trade of the century
Are you having a stroke maybe? Do you smell almonds?
Gold is going up some. Great time to cell if you have scrap.
Well, that was certainly coherent.
These metal prices are still mostly held artificially low, like by COMEX, which manipulates prices for the benefit of "paper" metals. When COMEX and the FED go down, the artificial hold-down straps are released, and they can float to more market prices.
A few days ago I saw some interesting stuff on the silver price chart. It bounced around pretty wildly for a while. Something was up. Big gain, big drop, big gain, big drop for about a half hour.
Something’s going on, but I think we already knew that.
My take as well. When the dam bursts, watch out. It will move more than lumber. ;)
I’m guessing that you are referring to H.R. 5404 (115th). It would have tied the U.S. dollar to a fixed weight of gold. That bill went nowhere. It is not law.
And because it would force Congress to rein in its spending, such an idea will probably never become law. As Dr McCoy might say, it’s dead, Jim.
There isn’t a price run, because the US Dollar will never be backed by gold or silver. The people that have been saying that for 50 years are always 100% wrong. There is $1.2 Trillion of US Dollars in circulation, $8.7 T in gold, and only $90 Billion in silver.
to back the US Dollar, the US Government would have to purchase 100% of the silver in the world, plus 14% of the gold. Of course, the price would massively inflate during this time.
The gold bugs are just silly.
Gold would be well over $10K an ounce if priced the same as before the Coinage Act of 1965, just to show how the game is rigged
Where’s the queeze man?
“Trump and others have discussed this”
Sorry to have to break this to you, but Trump isn’t in charge any more.
Even if he was the Wall Street folk that own most other Republicans would never let this go through.
I will sell my gold to a ghetto dentist. Seems to be the best return. Silver has been terrible. It hasn’t even gotten close to what it was selling for during Light Worker Obama’s reign.
you can quone copper...
If you want to see the REAL price of silver, just go to the US Mint website. An ounce of silver cost more than $70.
My precious metals are Brass & Lead: AMMO.
So, when Bitcoin takes a hit, so do the metals.
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