The real reason prices have been rising lately, and the last two years in general, is because the DS is losing it's traditional revenue streams, so now they're rattling the chains they have in all the assets they have under their control to raise money to stay afloat.
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Sounds (to me) like all of those guys saying "BUY GOLD NOW"...
How do you buy it? With MONEY? If it's so good to buy gold now, why are they so anxious to sell it?
Question everything!!!! (BTW, I do own a small amount of physical metals that is not in a bank lock box...moar like a mason jar in the potatoes)
The people who are actually mining, refining and selling are indeed getting the short end of the stick since the market has not had a working price discovery in more than 100 years.
Using derivatives, like COMEX etc, the government and all the regulatory agencies have been suppressing the metal prices using a million different criminal ways. The economists have been groomed to think this is natural and to come up ways to explain all this. So normal folks who are mining and refining these metals are as much victims of this system as we are.
To see why they are doing it, see my previous comment: https://greatawakening.win/p/142B0zdjsK/x/c/4OUhcqR4dy0 (TL;DR the fiat currency system causes inflation, and suppressing metal prices is the way to hide this inflation).
And to put it correctly, no one is anxious to sell it, they do it because it's been their profession for decades and they have gotten used to living under a non-free market system.
Ask yourself, if Fed printed 30 Trillion dollars in 2008 to bailout big banks, and for the last 2 years have been printing $100 billion dollars every month starting just before the pandemic, and in addition trillions of dollars in budgets last 2 years, why is the inflation only 7.5% ? Why isnt all this money not devaluing the dollar far more drastically?
If you find the answer to the question, you will understand why you need to buy metals, and anything else you believe in, rather than keeping it all in bank.
Excellent reply, thanks.
My question was actually rhetorical rather than information gathering.
My normal metals purchasing habits are approximately 20 oz Silver or a couple of 1/10 oz Gold when it fits by budget. One thing to keep in mind when purchasing metals is the "Spot"...the "broker" makes a % either way (money to gold AND gold to money).
At times of high inflation, almost any physical asset can suffice as a hedge.
Thanks again for your thoughtful reply.
The truth is, this is the nature of the economic system we are in.
Let me explain. We are in a system driven by Central Banks that create unbacked fiat currency. Everytime they print money, we have to pay them interest for that privilege. If you look at it mathematically, the only way to pay them back and pay the interest is to ask them to print more money. So they have us by the balls.
As you keep printing, its a vicious cycle, each time needing to print more and more. This is why in the last 2 years US Fed printed as much money as all the amount combined for the past 90 years.
As you keep printing money, the prices will naturally go up causing inflation. Simply put, every new dollar printed devalues every dollar already in existence.
The sole purpose of the economic and financial system is to ensure no one notices this. This includes price manipulation using short selling, derivatives, metal price suppression, keep changing the way CPI is calculated, introduce useless hyped stuff so extra money finds its way there (think smart phones, environment crap, and even crypto).
What we are seeing is this whole house of card reaching its expiry date, and as the inevitable collapses comes near, they have to find excuses - including Pandemic, War etc.
I think it’s bigger than that. Yeah these guys are greedy but they’re also evil. If they strangle the flow of fuel to the US, many will starve and the rest are isolated.
The deep state will never run out of money. Don't kid yourself. They can just print it, if they want more. Or they can release some of their mineral reserves they've hoarded after jacking up the prices. Or they print some more fake bearer bonds.
These people have access to all the Nazi and Japanese war loot, they can print reserve currency at will and back it up with 3rd world country assets or they can bring in their off world mineral holdings.
They need an act of God and the iron will of a God fearing people to be brought to heel.
The last act before any country collapses, is to lute the treasury. I think you are on to something here; fuck everyone over and quickly squeeze as much money out of us they can, convert it to something that holds value, then burn it all down and watch us suffer. Makes a lot of sense.
quite possible. I live in a rural western state and if I go to the larger cities here @150,000 to 200,000 population and shop at the chain stores prices are high, especially meat, poultry and food. At our local rural grocery meat prices are still low as are other items that we can get locally. The national chains seem to be lockstep marching with price increases, so I think much of it is price gouging, for what purpose or at whose orders is not clear....yet
SOP
Inflation is silent tax controlled by the Fed without representation. It's good to see more people actually thinking and talking about "money" and "currency", which are not the same.