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
These threads are hilarious! LOL.
Where do people get this idea banks "artificially hold down the price of silver"? LMAO!
There was one thread where it was stated the real price of silver is like $1800 an ounce or something but it was being manipulated down by a few banks and such. Do they know how crazy that sounds? The real price of silver is about $28 an once. If you are on this thread an believe the "real" price of silver is much higher please explain how a bank "artificially" holds down the price by a massive margin? Further what would be the motivation for a bank to do this even if it were possible which it isn't?
The "money supply" is simply the total amount of outstanding debt in our nation. Some of the supply is in the form of currency, but is still backed by debt (bonds, notes, bills, etc).
Debt is a claim on the promise of future labor.
When bankruptcies occur then the future labor behind that debt will never occur - it simply goes away. This, in turn, reduces the money supply by that amount.
We are not seeing monetary inflation right now - we are seeing price inflation...two very different things.
If you understand that are entire economy (and those of almost the entire world) are built on future promises then you will understand why the government going tens of trillions in debt doesn't really matter. After all, they can "promise" until the cows come home.
We are all debt slaves. There are those who hold more claims on future labor than that which they are bound to through servitude.
The fed gov printing rail cars full of money day and night is shrinking the money supply?
I think all the mask wearing is shrinking the brain cell supply.
Watch what happens to crypto-currency over time.
As long as it is not transferred into dollars then it hold no "claim on future labor". Nobody can be made a bond-servant with it.
This is why I believe crypto-currency will ultimately fail. We might be seeing some of that with Bitcoin - but too early to tell.
Those that hold the rest of us as bond servants have no desire of a payment method where they lose power over us. This is what they lust after - not "money". They will not allow crypto-currency to survive - unless debt can somehow be attached to it and they control it.
I think gold and silver are rigged markets, like diamonds.
I old and I know a lot of retired people. Some of them have safes with some gold and silver in them. But I don’t know anyone who retired off investing in either.
A friend who was a music star said he made “really good money” in music, but made his big money in real estate, which is how I retired early.
Um, what?
"We are not seeing monetary inflation right now - we are seeing price inflation...two very different things."
Yes we are seeing inflation because the fed is printing money out of thin air. When the gov simply prints money they are not creating any wealth, it's just paper. It's inflation, not high prices.
My former room mate was an architect.
He accidently learned about real estate by selling off a portion of his property.
He made more money in real estate than he ever did as a designer
The gold and silver markets are rigged much as the mortgage default rate was hidden prior to 2008. It will break when inflation persists beyond the “temporary price rise” stage that corrupt left wing economists are talking about now.
The Fed doesn't print money out of thin air. All currency is backed by Treasury auctions - in other words, debt.
Then why aren't we all flying around in our own private jets backed up by debt even though we produce just $10 an hour. lol
Where do you get these ideas? They are just as silly as the real price of silver is $200 an ounce but banks "artificially" hold the price down. Do you subscribe to that theory also?
He made more money in real estate than he ever did as a designer
I’ve heard that story many times.
Silver’s last high (adjusted for inflation) was in 1980, when the Hunt Brothers (the canned food guys) temporarily cornered the market. People should study that incident if they want to invest in silver/gold.
Silver a long way to go to get back there if you look at the historical charts. Gold is similar. But belief never dies. “Physical” mania is the latest rip-off.
I'm in finance.
Have you ever looked at the balance sheet on the Fed's weekly H.4.1 report?
Are you calling them "silly" as well?
Here's the most current one:
Hunt bros, oil fortune, not “canned foods”.
Gold and silver prices are artificially kept low through manipulation.
Frankenstein never frightened me....
What do you think that statement proves? It’s a balance sheet. Enron had a balance sheet. Bernie Madoffs fund had a balance sheet. All are about equally valid.
You stated that bankruptcies somehow decrease the money supply. We have many businesses that have permanently closed. So are you saying the money supply is decreasing? Are you saying when the fed gov arbitrarily prints trillions of dollars that is ,as you say “”backed“ by debt, that that is not inflationary? Do you think the price of silver is really much higher but banks artificially hold down the price?
Lots of questions - I'll take them one by one...
Yes, the national money supply decreases by the amount of each bankruptcy.
The Fed does not "print" trillions of dollars (as in currency). The Fed can make borrowing easier (where each new debt increases the money supply) - as well as hold auctions, where currency is balanced against debt (bonds, notes, and bills). The Fed (international banks) also can make borrowing very, very difficult (see 2008), where they gain the underlying assets of defaulted loans (largest transfer of wealth in history).
Price inflation can be caused by many factors - deflation being one of them. What does a business owner do if they're struggling to stay in business? 1) Lower prices and hope to make it up in volume - or usually 2) Increase prices, since that's the only hope left.
Silver is simply a commodity. It would be lower in price if there weren't so many with the false belief that it has some kind of "extra" worth.
Commodities go down in deflationary periods. I expect gold and silver to do likewise.
Did you find it "strange" in 2008 when the US Government kept trying to entice people to go into more debt? I.e: "Cash for Clunkers".
Did you find it strange that they made student loans as easy to get as a glass of water - and made them available to be spent on anything?
Why would the government do this, since everybody had portfolios that were getting trashed? (Except my family - I saw the signs and went to all cash in late 2007).
The answer is because the international banks control the money supply - not the government. The US government actually has very few means of creating more "money" (taking out of debt).
Ok we can say that but how does this actually happen?
Lets say Joe Exotic has a million bucks in the bank. He decides to open a pizza business and buys the building and all the equipment with his million dollars. A month later he has not sold any pizza and closes up shop with a total loss of his investment. Joe is out the million bucks he gave for the building and the equipment. How does this result in a million less dollars in circulation?
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