Your logic is cute but flawed. Gold has been rising against all major currencies and by roughly the same amount. I know you next point will be that gold is showing how all fiat currecies are bs.
Posted on 01/12/2026 11:40:18 AM PST by T Ruth
Those who have stolen billions of dollars from American taxpayers attach little value to what is has been so easily obtained. Further, their thefts have weakened the American government, which tips the odds that the American government will collapse, and their trade of dollars for gold will be a winning one.
However, if the massive thefts can be halted, then the number of market participants who have billions in cash to which they attach little value will shrink drastically.
Recall that price is determined at the margin. It only requires a few market participants (technically only one), who are willing to pay any price, to drive up the market price. Recall the Hunt brothers’ silver boom of 1980.
Hypothesis: IF the massive thefts of taxpayer monies can be stopped soon, then the price of gold will decline precipitously within two years. However, reality is that the dollar has been weakened, the national debt is approaching $40 trillion, and the dollar price of gold will probably not return to its level of 2022.
Gold and silver are never with nothing. Fiat currencies always end up being worth nothing.
What? And here I am with billions in Reichmarks. Not to mention trillions in Zimbabwe dollars.
Fiat currencies depend solely on the strength of the government, which in turn depends on the virtue of the people. Although the U.S. is sick and in trouble, I'm not willing to write it off yet.
They will rip you off if you let them. It depends on what form the silver is in. Silver Eagles should fetch close to spot while other forms will fetch a bit less than spot price. The place you took it to was obviously trying to rip you off at that price. If spot was $70 you should have been offered close to spot for eagles and maybe $66 or so for other bullion coins. But now is not the time to sell it’s going much higher.
The Hunt reference and their actions have nothing to do with the current forces on gold and silver. They were trying to corner the market on silver and, even with their deep pockets, it failed. They were seeking a monopoly on silver. Currently, the demand for gold and silver exceeds the supply and market forces are driving it up. There’s a huge difference. I fail to see the economic relevance of your argument of taxes cause the rise on metal prices.
“Since then, we have been in the petrodollar world. The dollar was tied to oil instead.”
All the handiwork of Klaus Schwabs WEF mentor Henry Kissinger, who setup the world system to be later morphed into their NWO anti-Christ beast system.
The USA has proven to be stronger and more resilient to their globalist schemes than expected. About to outlast both of their evil carcasses.
You won’t have to write the dollar off because it will soon be backed by gold.
If this is the case, then if the supply of looted money is cut off, the price-inelastic demand will abate. Maybe that's right; maybe not. Freeper comments -- crowd wisdom -- may throw light on the matter.
I did not suggest that taxes cause the rise in metal prices.
That’s when gold goes to $10K
It’s not that gold or silver are going up, it’s that the dollar keeps going down.
“There is no basis for a gold confiscation today.”
The only basis necessary is for our rulers to make it so.
Important to note the Hunts used mostly paper future contracts. They ran it up with paper, much like the banks ran it down with paper contracts ( for decades).
Your logic is cute but flawed. Gold has been rising against all major currencies and by roughly the same amount. I know you next point will be that gold is showing how all fiat currecies are bs.
That does not fully compute. These days brass, lead and steel are also eyed by some politicians on the "liberal" side of things for "taking away." While one can examine this issue in terms of the Bretton Woods event and beyond, another perspective has to do with what government will and won't do.
Under your first entry in last year's tax filing ( Form 1040 ) and directly after "filing status," one found "At any time during 2024, did you: (a) receive (as a reward, award, or payment for property or services); or (b) sell, exchange, or otherwise dispose of a digital asset (or a financial interest in a digital asset)?"
Then where one signs the form "Under penalties of perjury, I declare that I have examined this return and accompanying schedules and statements, and to the best of my knowledge and belief, they are true, correct, and complete."
No reason? Think that the fake election of Biden-Harris brought four years of fraud, waste and so much more. Canadian government, the EU and beyond all confiscate for a variety of things these days. We are not immune. In my neighborhood there is one loudmouth liberal who thinks my "brass, lead and steel" should be made illegal to possess.
And that power to tax is apparently not enough based on the current $2 Trillion annual budget deficits and $38.5 Trillion in national debt. No wonder there is doubt about the fiat USD.
I keep thinking about this very thing.
But does it really defeat the hypothesis? I'm not sure. It seems to me that supposing buyers who are willing to throw dollars around as if they were worthless and thus drive up the dollar price of gold, arbitrage will spread the price increase to other currencies, especially if the dollar retains some element of a reserve currency. With a minor currency it would be more likely that the effect would be isolated to that currency.
Fascinating...
Thanks
I don’t mind gold going up, I sure hope that US dollar supremacy stays strong. If the BRICs ever make a serious dent on the USD as the #1 reserve currency, your standard of living will go down too.
I have found JM Bullion gives the best price. Better than APMEX. Have sold a bit locally but that’s the lowest price.
Forget everything I’ve said about silver on this thread. I now recommend you sell it. Samsung just filed an 8k saying they are gonna offload their 340 million oz because they decided to go with graphene instead.
SAMSUNG SECRET: $28 Silver Crash (SEC Filing: 340M Oz Hidden Stockpile, Graphene Replaces Silver)
https://www.youtube.com/watch?v=90wTmlUiOI0
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