I’m FAR from an expert on this, still a novice trying to figure things out, but to me it looks like there’s a daily tug of war… Gold & silver price rises on the Shanghai Gold Exchange (SGE) then after SGE and LME (London Metal Exchange) both close for day, the crooks in USA beat the price back down. I’ve been watching the back and forth the past week or so.
Start watching again Sunday night (Monday morning in China) and the price will start rising again.
The result of this daily battle is that the crooks who use "paper gold" to drive the price down are rapidly running out of ammunition to continue to do so. It's only a matter of time before they can no longer beat the price down, and that's when the real fun begins 🤑💰
Paper gold isn’t backed by real gold. They make up as much paper gold as they need to get the price where they want it. If they have to pay out, they sell more paper to raise funds and drop the price before paying out. It’s a pyramid scheme.
Years ago paper metal had an option to be redeemable for metal. Most just took the cash because it’s way easier to move digital currency. But apparently London was having problems when people tried to get their gold.
The Commodities Exchange (Comex) doesn't trade silver or gold. It trades contracts for silver and gold (and other commodities). These "contracts" are the paper referred to in the term "paper gold". If you take control of a contract, the contract will have a date and price on it. If you're holding the contract on that date it should mean you're buying the commodity for that price--except most contracts holders don't actually take delivery, they roll it over to the next contract period or take the cash equivalent. So even though they can't inflate the supply of gold, they can inflate the supply of contracts thereby bringing down the price. The vulnerability, of course, is if the paper price gets too low then too many will take delivery and wipe out the inventory of the real commodity (because there are more contracts than the underlying commodity they are supposed to represent) and Comex would default. And then...financial apocalypse.
Wonder if any of those idiots realizes that they will run out of reserves rather quickly if it continues on this timeline...going to be a lot of dirty undies when the wall gets hits...WOWZA!!!!!👍👍👍👍👍👍👍😂😂😂😂😂😂
I don’t want to make too long of a comment here but it is Imperative that the banking cabal doesn’t not let Silver get past $30. Getting through $30 will quickly lead to $50, and breaking that would then lead to a true explosive fair price discovery ranging in the hundreds to even thousands per ounce of Silver. It’s clear the last month or 2 Patriots behinds the scenes have decided to slowly unrig Gold/Silver which is heavily manipulated every single day. Exciting times ahead and hopefully everyone has stacked up on some Gold/Silver or starts immediately if they haven’t already!
I bought to my comfort level last year. It's somewhat exciting watching the value exceed my initial investment, but part of me just sees a weaker dollar. If anyone asks, it was lost in a boating accident.
Silver is no where near it’s all time high of $50 still. If you adjust for inflation, depending on which calculations you use, it’s current all time high adjusted priced would be $200-$400+. Silver along with GameStop shares are the 2 most manipulated and undervalued assets in the World. They will both create generational wealth when the price manipulation ends and we transition to a new free and fair market system.
Wish I could understand this stuff, I know I'm missing out on the stocks y'all talk about, but I just can't put money into something that I don't have any idea of how it all works.
They are making fake gold and silver certificates - that that claim to be exchangeable for gold and silver they don’t have and that doesn’t exist - so that they can sell it at a loss to drive down the gold and silver price in the public markets.
They are currently using the fact that different markets operate in different time zones and different regulatory markets and with different levels of awareness and control to suppress prices internationally. At some point they should not be able to continue doing this.
If the price of gold or silver starts moving to where the price of gold or silver should be, people will start selling off their FRNs and other fiat currencies en masse to move to gold or silver.
There will very quickly be a supply shortage found out, and people will start calling in their certificates to be delivered.
At some point early in that stage, silver will become undeliverable and people will start to notice the fraud there and call them on it, at which point prices will probably go ballistic in both directions for a time as fear of the certificates impacts the reality of the shortage on price, before the reality of the shortage wins out and the price skyrockets.
In short, the sodomists are going to take it right where they like to take it.
if you buy gold/silver it reduces supply and makes it more valuable. then they print USD to dump into ETFs to push value of gold down. a house has cost the same amount of gold since 1913.
gold value drops when countries get destroyed because they get robbed of their gold (think Iraq and weapons of mass destruction). it was a violent gold heist.
USD is just made up.
basically they need to hold gold to increase value of USD. they sell their gold and when they run low, massive inflation. it's why war slows inflation. the winner gets the gold.
Excellent. I’m going to screenshot your comment to share with friends who will surely begin asking questions about gold, once they start hearing about the rising price.
-USD will be the reserve currency... play the channel in ETFs.. it stays in a certain range, buy / sell accordingly
-USD will be replaced... but gold / silver and hold for next currency.
... or do a 50-50..
the American people will be the last to know they are F'd. Banks will control media/narrative. off load toxic debt. then months to years they will say, "whoopsi" as they stay rich.
watch (the big short). banks lied about the literal numbers in the official report till they off loaded enough debt to survive. any remaining debt... government bail outs and the sacrifice bank (berstern).
current example: UBS / credit swiss- toxic debt greater than the whole country of Switzerland wealth. bank records sealed for 50 years so no one can know wtf happened.
markers to look out for: Rate cut - FEDs will do a rate cut. this sudden shift in a weaken financial system cause a fast correction. people who got loans right before, immediately become under water. the government protects banks and the people take the hit. result- slow recovery, in that time the same criminals are set up for the next collapse. another financial collapse. always chasing the recovery.
without government intervention: banks collapse because of the crime. people in those banks (investors) lose all money to pay the debt. economic system recovers fast. some panic bank runs, other stressed banks fail. business as normal.
I’ve watched The Big Short several times, very well done movie that made the situation understandable and entertaining enough for normal people (people with no interest or clue about finance).
I’ve also loosely paid attention to the Swiss banking situation you mention, as it snowballed from GME swaps, to the fall of Archegos, to Credit Suisse, and now to UBS.
I’m currently way up (profitable) on both gold and Bitcoin, and just caught up to even on silver when it got to $28. I’m going to continue to sit tight on those, rather than keeping $ in a bank. Or blips on a bank’s computer to be more exact.
Thats is a fact. What I have never seen, and I am a geek about Silver price action, is the volume of activity in the asian markets. Never seen it that heavy as this week.
I think the Asian central banks and investors actually appreciate the west selling their gold and pushing prices back down. It allows them to keep buying it up on the cheap. They know the end game.
Can someone here explain what’s the best route to go here:
I hear about the three Bs to investing in gold/silver, but what, why and where?
For Silver: since it seems the market is being suppressed and tremendous upside potential exists.
Do you go through an ETF, what’s the typical fees, long term costs vs buying and having at home. I’ve heard when you try to sell if you don’t use an ETF there are fees associated with it due to it, true?
What to even buy, sterling, 99%, bullion (coins), bars, (forgot 3rd B) Are coins/bars that are way over spot worth it? Isnt a silver coin just worth spot, neglecting rare coins for collectors.
Why does US mint sell American eagle 99.9% 4x spot? Do they hold value? What is their intrinsic value?
Where to buy so I’m not paying way over spot for REAL silver. Ive read horror stories of folks trying to sell and being offered 1/2 spot, are there reputable places (Fk pawn shops) besides peer/peer to get at least spot value?
Don’t buy paper metals. If you don’t hold it in your hand you don’t own it.
Silver Eagles and Canadian Leafs are typically seen as premium coins. People know them well and I don’t think there’s any reports of fake or low quality coins coming from them. Other governments offer coins and of course anybody can make and sell one, but they have lesser reputations.
Bars are heavier, and their higher value makes them a little more difficult to use. They stack better, though.
Sterling can often be found at estate sales and auctions at good prices. I think it’s 90% silver. It can also have additional value to collectors. But oz to oz, you should be able to get about 90% of silvers market price. Figure it’s a bit harder to move and stack than a coin or bar.
It’s harder to find these days, but junk silver is an interesting play. Our coins used to have or be made entirely of silver. I think Morgan dollars are 90% pure, roughly 0.7 oz of silver. Pre-1965 dimes are worth about $2 each and would be really easy to trade if SHTF. When I was a kid my dad used to pay me to go through change to find the silver coins. I’d open a role, pull silver and roll it back up. He’d take the change back to the bank and get more whenever I felt like working.
I used the Coinstar machine at my Credit Union, and it rejected some of my coins. When I went to the teller he said the machine rejects pre 1964 coins because they have a different weight, so it assumes they’re counterfeit.
The teller said I could, of course cash them in for face value, but they’re worth more than that, so I hung on to them. A few weeks ago I was selling something to SD Bullion, and mentioned the 90% silver quarters I had, and asked if they buy them. They paid me $17 per four quarters, so my $4 in quarters turned into $68.
NEVER BUY THE EFT. NEVER. THEY ARE SCAMS. They are supposed to keep physical in their warehouses equivalent to their stated holdings. Not so … in their prospectuses, they caveat that they may not be able to acquire what they need. Yeah, so “paper silver” is 15x oversold actual physical inventories. That means if all contracts decided to settle for DELIVERY … 7.5% would actually get their silver. The rest would have to settle for cash.
I buy 1oz bullion rounds and 10oz bars. Easier to resell. JM Bullion cuz they give a veterans discount
So it's the same deal as the shorted stocks. Each day they expend money suppressing the price.
I’m FAR from an expert on this, still a novice trying to figure things out, but to me it looks like there’s a daily tug of war… Gold & silver price rises on the Shanghai Gold Exchange (SGE) then after SGE and LME (London Metal Exchange) both close for day, the crooks in USA beat the price back down. I’ve been watching the back and forth the past week or so.
Start watching again Sunday night (Monday morning in China) and the price will start rising again.
The result of this daily battle is that the crooks who use "paper gold" to drive the price down are rapidly running out of ammunition to continue to do so. It's only a matter of time before they can no longer beat the price down, and that's when the real fun begins 🤑💰
FN, thank you for your updates You sure seem to know a lot more than your leading on😎
How do they use paper gold to bring price down? Sell it to each other?
Sell it at a loss, and try to buy back later at a reduced price. Doesn't work very good when entire continents buy the dip.
Paper gold isn’t backed by real gold. They make up as much paper gold as they need to get the price where they want it. If they have to pay out, they sell more paper to raise funds and drop the price before paying out. It’s a pyramid scheme.
Years ago paper metal had an option to be redeemable for metal. Most just took the cash because it’s way easier to move digital currency. But apparently London was having problems when people tried to get their gold.
Same criminality…
They make up as much p̶a̶p̶e̶r̶ ̶g̶o̶l̶d̶ paper ballots as they need to get the p̶r̶i̶c̶e̶ vote where they want it.
The Commodities Exchange (Comex) doesn't trade silver or gold. It trades contracts for silver and gold (and other commodities). These "contracts" are the paper referred to in the term "paper gold". If you take control of a contract, the contract will have a date and price on it. If you're holding the contract on that date it should mean you're buying the commodity for that price--except most contracts holders don't actually take delivery, they roll it over to the next contract period or take the cash equivalent. So even though they can't inflate the supply of gold, they can inflate the supply of contracts thereby bringing down the price. The vulnerability, of course, is if the paper price gets too low then too many will take delivery and wipe out the inventory of the real commodity (because there are more contracts than the underlying commodity they are supposed to represent) and Comex would default. And then...financial apocalypse.
Thank you fren!
Wonder if any of those idiots realizes that they will run out of reserves rather quickly if it continues on this timeline...going to be a lot of dirty undies when the wall gets hits...WOWZA!!!!!👍👍👍👍👍👍👍😂😂😂😂😂😂
Yeah, the crooks operate on business hours. You can tell because it often goes up crazy just after "markets close"
I don’t want to make too long of a comment here but it is Imperative that the banking cabal doesn’t not let Silver get past $30. Getting through $30 will quickly lead to $50, and breaking that would then lead to a true explosive fair price discovery ranging in the hundreds to even thousands per ounce of Silver. It’s clear the last month or 2 Patriots behinds the scenes have decided to slowly unrig Gold/Silver which is heavily manipulated every single day. Exciting times ahead and hopefully everyone has stacked up on some Gold/Silver or starts immediately if they haven’t already!
I bought to my comfort level last year. It's somewhat exciting watching the value exceed my initial investment, but part of me just sees a weaker dollar. If anyone asks, it was lost in a boating accident.
Let’s see what happens Sunday evening (Monday morning in China) when the SGE opens 😉
Gold and silver are setting record highs. Gold all-time, silver still a bit to go but it'll be breaking it's all time high here at some point!
Silver is no where near it’s all time high of $50 still. If you adjust for inflation, depending on which calculations you use, it’s current all time high adjusted priced would be $200-$400+. Silver along with GameStop shares are the 2 most manipulated and undervalued assets in the World. They will both create generational wealth when the price manipulation ends and we transition to a new free and fair market system.
This is 100% correct
Gold yes but Silver is still $20+ away from record highs. Find a price chart and hit he “all time” button.
My chart says $49.770 was the all-time high for silver..
Wish I could understand this stuff, I know I'm missing out on the stocks y'all talk about, but I just can't put money into something that I don't have any idea of how it all works.
They are making fake gold and silver certificates - that that claim to be exchangeable for gold and silver they don’t have and that doesn’t exist - so that they can sell it at a loss to drive down the gold and silver price in the public markets.
They are currently using the fact that different markets operate in different time zones and different regulatory markets and with different levels of awareness and control to suppress prices internationally. At some point they should not be able to continue doing this.
If the price of gold or silver starts moving to where the price of gold or silver should be, people will start selling off their FRNs and other fiat currencies en masse to move to gold or silver.
There will very quickly be a supply shortage found out, and people will start calling in their certificates to be delivered.
At some point early in that stage, silver will become undeliverable and people will start to notice the fraud there and call them on it, at which point prices will probably go ballistic in both directions for a time as fear of the certificates impacts the reality of the shortage on price, before the reality of the shortage wins out and the price skyrockets.
In short, the sodomists are going to take it right where they like to take it.
Excellent comment!
Why does this remind me of small hats and clipped coins.
Oddly enough, in this specific case, a lot of the suppression is being run by JP Morgan Chase, whose CEO is Jamie Dimon, who is Greek.
Just buy 1 Oz of silver every pay day. Soon you will have a lot of silver.
USD is a ponzi scheme used to suppress money.
gold and silver are money.
they work inversely.
gold stronger shows weakness in USD.
if you buy gold/silver it reduces supply and makes it more valuable. then they print USD to dump into ETFs to push value of gold down. a house has cost the same amount of gold since 1913.
gold value drops when countries get destroyed because they get robbed of their gold (think Iraq and weapons of mass destruction). it was a violent gold heist.
USD is just made up.
basically they need to hold gold to increase value of USD. they sell their gold and when they run low, massive inflation. it's why war slows inflation. the winner gets the gold.
Printing USD allows theft digitally. it's easier taxing paychecks than physical coins.
Excellent. I’m going to screenshot your comment to share with friends who will surely begin asking questions about gold, once they start hearing about the rising price.
sorry for that being long. it's really a summary of the basics.
it's layers on layers of ponzi scheme. it becomes a domino effect.
Zirp
ultimately.. place your bets
-USD will be the reserve currency... play the channel in ETFs.. it stays in a certain range, buy / sell accordingly
-USD will be replaced... but gold / silver and hold for next currency.
... or do a 50-50..
the American people will be the last to know they are F'd. Banks will control media/narrative. off load toxic debt. then months to years they will say, "whoopsi" as they stay rich.
watch (the big short). banks lied about the literal numbers in the official report till they off loaded enough debt to survive. any remaining debt... government bail outs and the sacrifice bank (berstern).
current example: UBS / credit swiss- toxic debt greater than the whole country of Switzerland wealth. bank records sealed for 50 years so no one can know wtf happened.
markers to look out for: Rate cut - FEDs will do a rate cut. this sudden shift in a weaken financial system cause a fast correction. people who got loans right before, immediately become under water. the government protects banks and the people take the hit. result- slow recovery, in that time the same criminals are set up for the next collapse. another financial collapse. always chasing the recovery.
without government intervention: banks collapse because of the crime. people in those banks (investors) lose all money to pay the debt. economic system recovers fast. some panic bank runs, other stressed banks fail. business as normal.
I’ve watched The Big Short several times, very well done movie that made the situation understandable and entertaining enough for normal people (people with no interest or clue about finance).
I’ve also loosely paid attention to the Swiss banking situation you mention, as it snowballed from GME swaps, to the fall of Archegos, to Credit Suisse, and now to UBS.
I’m currently way up (profitable) on both gold and Bitcoin, and just caught up to even on silver when it got to $28. I’m going to continue to sit tight on those, rather than keeping $ in a bank. Or blips on a bank’s computer to be more exact.
Buy actual silver then, it will go up and down, but it will always have value. Do a search here we have had several good disscutions on buying silver.
Was getting real excited watching that spike today. There is always a correlation when shit gets dumped down.
Same here. The minute it hit 29.75 they hammered the ever luvin shit out of it. BoA and Wells Fargo went all in on the shorting.
They doubled down on stupidity. They have been trying all week to smash the price,and we are still holding around 28.
Thats is a fact. What I have never seen, and I am a geek about Silver price action, is the volume of activity in the asian markets. Never seen it that heavy as this week.
Junk silver is selling for melt or even under right now. Probably the best deal out their.
I think the Asian central banks and investors actually appreciate the west selling their gold and pushing prices back down. It allows them to keep buying it up on the cheap. They know the end game.
Can someone here explain what’s the best route to go here: I hear about the three Bs to investing in gold/silver, but what, why and where?
For Silver: since it seems the market is being suppressed and tremendous upside potential exists. Do you go through an ETF, what’s the typical fees, long term costs vs buying and having at home. I’ve heard when you try to sell if you don’t use an ETF there are fees associated with it due to it, true?
What to even buy, sterling, 99%, bullion (coins), bars, (forgot 3rd B) Are coins/bars that are way over spot worth it? Isnt a silver coin just worth spot, neglecting rare coins for collectors.
Why does US mint sell American eagle 99.9% 4x spot? Do they hold value? What is their intrinsic value?
Where to buy so I’m not paying way over spot for REAL silver. Ive read horror stories of folks trying to sell and being offered 1/2 spot, are there reputable places (Fk pawn shops) besides peer/peer to get at least spot value?
Thanks :)
Don’t buy paper metals. If you don’t hold it in your hand you don’t own it.
Silver Eagles and Canadian Leafs are typically seen as premium coins. People know them well and I don’t think there’s any reports of fake or low quality coins coming from them. Other governments offer coins and of course anybody can make and sell one, but they have lesser reputations.
Bars are heavier, and their higher value makes them a little more difficult to use. They stack better, though.
Sterling can often be found at estate sales and auctions at good prices. I think it’s 90% silver. It can also have additional value to collectors. But oz to oz, you should be able to get about 90% of silvers market price. Figure it’s a bit harder to move and stack than a coin or bar.
It’s harder to find these days, but junk silver is an interesting play. Our coins used to have or be made entirely of silver. I think Morgan dollars are 90% pure, roughly 0.7 oz of silver. Pre-1965 dimes are worth about $2 each and would be really easy to trade if SHTF. When I was a kid my dad used to pay me to go through change to find the silver coins. I’d open a role, pull silver and roll it back up. He’d take the change back to the bank and get more whenever I felt like working.
I used the Coinstar machine at my Credit Union, and it rejected some of my coins. When I went to the teller he said the machine rejects pre 1964 coins because they have a different weight, so it assumes they’re counterfeit.
The teller said I could, of course cash them in for face value, but they’re worth more than that, so I hung on to them. A few weeks ago I was selling something to SD Bullion, and mentioned the 90% silver quarters I had, and asked if they buy them. They paid me $17 per four quarters, so my $4 in quarters turned into $68.
I'm torn between coins and bricks. Coins are easier for financial negotiations, but you also pay a premium for their smaller size.
Why not own both?
NEVER BUY THE EFT. NEVER. THEY ARE SCAMS. They are supposed to keep physical in their warehouses equivalent to their stated holdings. Not so … in their prospectuses, they caveat that they may not be able to acquire what they need. Yeah, so “paper silver” is 15x oversold actual physical inventories. That means if all contracts decided to settle for DELIVERY … 7.5% would actually get their silver. The rest would have to settle for cash.
I buy 1oz bullion rounds and 10oz bars. Easier to resell. JM Bullion cuz they give a veterans discount
Go to a bullion dealer in your area. Go with one who has been in business for awhile. Stay away from pawn shops.
Don't buy Sterling, it's too convoluted and bulky. You're better off with 1 oz .999 bullion coins
DO NOT go through an ETF unless you want to buy certificates that will be worthless when this all transpires.
Mmm Physical Silver 💕