Since Gold broke $2000 it's been on a mission
(media.greatawakening.win)
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Silver also broke the $29 line. Hmmm, what's going on??!!
Rumour has it that Eastern countries such as China and India are taking delivery of actual gold (which these certificates represent, but are usually not acted upon - just traded).
This means there's less actual metal in the comex vaults upon which they can leverage these paper instruments, so their ability to suppress the price by issuing more paper gold is becoming limited.
Don't ask me about the details, I know them not.
Interesting. I've never bothered with any kind of "certificates"... if I can't hold it in my hands, I certainly wouldn't want any kind of paper lie that says I own silver or gold. And I don't see metals as an "investment" in the classical sense. I never plan to "buy low and sell high."
Silver is, for me, purely to hoard against the very real possibility that our fiat currency becomes worthless, like Germany's Deutschmark did during the Wiemar Republic. It is to barter for necessities when the dollar is total trash.
I'm with you, THBanjoman. I bought all the gold I could afford, while it was still affordable. Now that its price has leaped up, I've been stacking silver as fast as I can. And you're right -- it isn't an "investment." It's a safety net against the possibility that our Monopoly-money paper currency loses its value.
If the currency doesn't collapse (and I hope it doesn't), well, fine. My wife and I will still have our precious metals hoard to see us through any dire emergency, or to pass on to the next generation.
And in the meantime, we sleep better at night.
Exactly
Same here. Worst case scenario (assuming the world as we know doesn't completely end) I get to spend it in my retirement