100%. We need to stop comparing metals to fiat garbage. I'd never exchange metal for fiat - goods/services for goods/services or until we go back to a bimetallic standard and get a proper valuation.
Manipulation by big banks and particularly ETF's. If you look at the usdebtclock.org it says that silver should be trading at $2338/Oz. And that's down a bit over the last week or so.
They use paper shares bought on speculation, and it's a number in a computer. You don't physically have it. You can take delivery of it if you want to. But people hold the shares, hoping they will increase. But if there's a trigger and everybody wanys their metal, only 1 of every 100 people will get there first to get the physical. The other 99 have a piece of paper that says you own an ounce of gold. And if you have all these paper shares as place holders for the real deal, the price is suppressed because there are so many paper shares. The real, physical, mined gold is a finite supply. So when the paper shares are gone, you're left with the real stuff which will be worth a fortune.That's over simplified, but it's a general explanation.
Massive sums of Gold are owned by DS rats. Putting them in major positions of power.
Say 40k/oz hits, that just means the US dollar has plunged in value beyond recovery. That 40k will be worth the same as an arbitrary low number let's say 4k just for argument sake. This means you'll still be able to get the same amount of shit with 40k that you would have with 4k. No real benefit to you. In fact, a net negative as your rate of pay would not increase nearly as much as the dollar devalues.
It would be a reset in currency. More than likely a digital currency like a CBDC (Central Bank Digital Currency)
If the above happens well then it's over. No Q plan will work. None.
This means the dollar will be near worthless.
Someone has to count the number of dollars in circulation and divide by the amount of gold the US government has.
Some estimates go much higher than 40k an ounce.
If the dollar is backed by precious metals then the dollar will stabilize and the value of metals goes up.
I wonder what silver will go to?
If it goes back to what it used to be based off, 1:8 ratio, that's puts us at $5,000/troy ounce.
Whoa!
Stack 'em high fren...just in case ;)
I imagine it will do very well also but I'm no expert in this area
My thoughts too!!
The number of $$$/Oz does not really mean anything. It's what that ounce can get you in the stores.
With empty shelves, you can't eat gold. Buy land and learn to farm.
100%. We need to stop comparing metals to fiat garbage. I'd never exchange metal for fiat - goods/services for goods/services or until we go back to a bimetallic standard and get a proper valuation.
https://qalerts.app/?q=destroy+fed
That's wayyy low. It's well over $100K/oz now.
When*
With inflation so high, why is silver still around $22?
Manipulation by big banks and particularly ETF's. If you look at the usdebtclock.org it says that silver should be trading at $2338/Oz. And that's down a bit over the last week or so.
My understanding is that the powers that be are artificially keeping the prices of gold and silver down
They use paper shares bought on speculation, and it's a number in a computer. You don't physically have it. You can take delivery of it if you want to. But people hold the shares, hoping they will increase. But if there's a trigger and everybody wanys their metal, only 1 of every 100 people will get there first to get the physical. The other 99 have a piece of paper that says you own an ounce of gold. And if you have all these paper shares as place holders for the real deal, the price is suppressed because there are so many paper shares. The real, physical, mined gold is a finite supply. So when the paper shares are gone, you're left with the real stuff which will be worth a fortune.That's over simplified, but it's a general explanation.
i used to be a big believer in the gold standard,
until one day, someone pointed out the obvious, which is,
that the gold standard works great, for the people who have gold.
there are numerous examples of alternative credit systems,
for example, colonial script.
for example, tally sticks.
we have the technology to create alternative credit, but we seem to have a problem implementing it, and getting people to accept it.
i mean, i won't accept bitcoin. but thats just me.
i would accept an oz of silver, but who would offer me one?
There's a few problems with this:
Massive sums of Gold are owned by DS rats. Putting them in major positions of power.
Say 40k/oz hits, that just means the US dollar has plunged in value beyond recovery. That 40k will be worth the same as an arbitrary low number let's say 4k just for argument sake. This means you'll still be able to get the same amount of shit with 40k that you would have with 4k. No real benefit to you. In fact, a net negative as your rate of pay would not increase nearly as much as the dollar devalues.
It would be a reset in currency. More than likely a digital currency like a CBDC (Central Bank Digital Currency)
If the above happens well then it's over. No Q plan will work. None.
Except when the dollar falls apart you will own something with intrinsic value. DS will too but better to hold Gold than tally sticks.