The source of all evil is our fiat currency. As many of you already know inflation is starting to go through the roof. I believe the Central Banks goal is to destroy the dollar and replace it with a digital cryptocurrency. The best way to protect your wealth is through physical precious metals like Gold and Silver.
On May 1st we are trying to get as many people to buy as much physical silver as possible in order to try to break JPMorgan and the Comex.
More info can be found on wallstreetsilver on reddit. Yes I know reddit sucks but that sub is a great resource for all things Silver and is a good community of libertarian and conservative minded people. I have already interacted with some of you frens on there. The memes are great too.
Just wanted to put out there for those that are interested!
I'm in.
Also, I have noticed that the dealers and websites are now selling silver for like 30 percent over spot price. Some of these websites even have articles about how much you should typically pay over spot price and they say that 8 percent is normal. We are being price gouged for sure. It's obvious that someone doesn't want people to buy actual physical silver. As long as you aren't looking to sell it off in the near future I still think it's a totally safe investment. I'll probably be buying 10 grand worth. Fuck these asshole bankers and the price gouging silver dealers im buying anyway!
My local dealer is definitely gouging, I like to support local but when I see the same stuff online for cheaper with free shipping I can justify buying it locally. If you're going to charge a mint then I want something mint direct not secondhand.
Physical metal price is disconnected from spot, so shop around. That's really evidence of the price fixing.
Spot really only matters to bullion banks "trading" 1000oz COMEX bars and settling on paper. COMEX is even offering "cash incentives" to settle without delivery- one person on WSS reported at $30.75 per ounce when the option sold at sub $26.
Premium for physical is like 15-20% on big stuff (100oz/1 kilo), 25-30% on rounds and 1oz bars.
I swear I used to buy at like 10 percent over spot for physical.
I did too, back when it was like $16 an ounce.
But that's before SLV (iShares Silver ETF) started to become huge and every ounce of real silver got sold twenty times on paper. They used schemes like this to keep PMs from true price discovery, which we're just starting to see now. Realistically, Silver should be near the $100 range, not $26.
Way more soon when FED moneyprinter goes brrrr and these "green" projects kick back up, requiring more industrial silver.
Agreed it is going to skyrocket in the future
Yup Silver isn’t about making a quick buck. It’s about honest money and fighting the bankers. It is 100% manipulated. We are trying to change that.
Also with the fed going insane with the printer it’s protection against inflation.