[jimwatx]

I wouldn’t be surprised if silver hits $100 this week. Gold is NEVER going back down to anywhere near where it was. It will easily hit $10k within 2 years. You have no idea what you’re talking about. The dollar is dying a little bit more each day. The most that they can hope for is to slow down its decline.

[Worldtraveler once upon a time]

History ---- What can and has been done before CAN be done again....

"By virtue of the authority vested in me by Section 5 (b) of the Act of October 6, 1917, as amended by Section 2 of the Act of March 9, 1933, entitled "An Act to provide relief in the existing national emergency in banking, and for other purposes," in which amendatory Act Congress declared that a serious emergency exists, I, Franklin D. Roosevelt, President of the United States of America, do declare that said national emergency still continues to exist and pursuant to said section do hereby prohibit the hoarding of gold coin, gold bullion, and gold certificates within the continental United States by individuals, partnerships, associations and corporations and hereby prescribe the following regulations...."

Executive Order 6102—Forbidding the Hoarding of Gold Coin, Gold Bullion and Gold Certificates April 05, 1933

Read the whole thing.

[chud]

There are too many dollars sloshing around in the economy, chasing the same amount of goods.
The big boys at the banks and on Wall Street get the newly created dollars first, and use them to acquire assets.
I'll do the same.

[Macoozie]

The thing with Gold.
Ya gotta store it and protect it.
The whole time, it sits gathering dust.
Ya can’t eat it.
Can’t bandage a wound with it.
Can’t hunt with it.
In a crunch, ya want a gold coin? or food, water, medicicine, and some diesel?

Dante’s Peak - Couldn’t pay enough to get on the Helicopter out of there.

See Twilight Zone, “The Rip Van Winkle Caper”

Land? You can grow something on it.
Let folks live on it.
Raise animals on it.
Save your own life with it.

[Nateman]

Rhenium is an element used in the manufacturing of turbine blades. It is more rare than Gold but currently sells for one tenth less per ounce. That says to me the demand for Gold right now is in a classic bubble .

[Vermont Lt]

They are selling their gold to buy silver. LOL

Those little paper things are not what they used to be.

[Georgia Girl 2]

Gold and silver are never with nothing. Fiat currencies always end up being worth nothing.

[econjack]

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.

[P8riot]

It’s not that gold or silver are going up, it’s that the dollar keeps going down.

[dennisw]

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.

 

[Sawdring]

I keep thinking about this very thing.

[Big Red Badger]

Fascinating...
Thanks

[jimwatx]

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