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
Commodities go down in value when the overall money supply shrinks.
Gold and silver are going nowhere fast. I've attempted to explain this to gold bugs for decades - but they don't want to listen.
Silver Squeeze - what my grandpa calls his girlfriend.
This is how it’s been since 1965. Predicted, hasn’t happened.
Is money supply shrinking?
Who decided Kramer would wear ‘50s style clothes? Wonder if that was something the actor himself worked into the character or if the writers/creators did it. Seinfeld ran throughout the ‘90s, a good decade or so before the midcentury modern craze that’s reflected in shows like Mad Men which started in 2007.
Historic gold price, adjusted for inflation:
https://goldprice.org/inflation-adjusted-gold-price.html
Don’t call me for a loan.
Historic Silver price, adjusted for inflation:
You smell almonds if you’re having a stroke??
Correction: there is about $180 billion in physical currency in circulation with another $21-25 trillion in digital dollars and debt instruments in circulation.
No, from the NY Fed, there is $1.2 Trillion in physical bills and coin in circulation.
Brain tumors have been known to cause people to smell things that aren’t there.
The price-fixing of silver and gold may never end, but then again if there is a significant enough economic collapse physical Metals could save your ass. That’swhy I’m sitting on enough silver to bribe corrupt authorities if we have to get the hell out of the country in a apocalypse sort of situation.
And I think you are mistaken if you believe this concrete is incapable of falling into a Venezuela sort of collapse. I don’t know what the odds are but it’s not impossible by any stretch of the imagination.
> This is how it’s been since 1965. Predicted, hasn’t happened.
In terms of dollars, the metal value of 1964 coinage is up 25 times. But I guess the stock market is up more than that. Gold seems to be a better hedge against utter bankruptcy of “equities” though.
The last time the stock market popped (14 months ago), spot price of metal went to hell, but actual selling price went up at exactly the same moment.
Seems a little complex, to me.
I stand corrected, thank you.
Local refinery charges 35% more for silver eagles than it will pay for them. Is that the normal mark up?
Local refinery charges 35% more for silver eagles than it will pay for them. Is that the normal mark up?
> There isn’t a price run, because the US Dollar will never be backed by gold or silver.
Yep, Gold as currency is OVER. It may have some store of value, but the government is never going to be bound to it again. The thing to watch for is the “digital dollar”.
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