The attempts to get you to buy gold are off the charts! EVERY "conservative" TV and radio station has a different gold company running the ads, with the hosts claiming "X is the only company I trust". It seems like whenever there is a huge push for something like this, it is all part of a behind-the-scenes plan to rip off the average joe. My feeling is that if the SHTF and the economy collapses, what good will $100,000 in some gold company stock/fund do you? Is anyone else going to buy your $5,000 /oz gold? My theory is that this huge gold push is to drive the price of gold up to a point where the big boys DO sell out, make a killing, and leave everyone else scrambling to get out before it drops below what they bought in for. Please post your thoughts on this. Thank you.
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So after reading the posts and comments, I can confidently say that most people here don't understand what OP is wanting to know, and/or are biased in their own perspective.
First of all, OP seems to be talking specifically about those stupid "paper metal/collectible" companies. Where they sell you a certificate saying you own X amount of metal in a vault somewhere or try to sell you some stupid collectible at an absurd markup.
Those are scams plain and simple. You do technically own the metal in those cases, but they'll often make you jump through an unreasonable number of hoops to get access to your gold/silver int he paper case, and in the case of the "collectibles" they're marking it up like 100% or more because it has Trump's face on one side and an eagle on the other or some such retarded gimmick.
This is nothing new, these people have existed forever and they exist to take advantage of ignorant people who think they'll either get rich off it, or that they're hedging their money by paying a 100%+ premium on gold or silver. It's a scam, plain and simple.
As for the second part of the question, Yes, realistically there WILL be someone who will pay $5K an oz for gold, in all honesty probably MUCH higher. We've discussed this on here like a dozen times in the past year. Every month or so someone will bring up the topic of gold and silver prices, and for the most part we've come to a consenus.
When the SHTF, gold and silver WILL skyrocket, probably to unsustainable levels for a few months. The general consensus in the last handful of debates is that silver will probably hit somewhere between $5K-20K for a few months and gold will go between $50K-100K in the same period before crashing down to something more reasonable.
The reason for this is a combination of FOMO (normies hoping to strike it rich in the "next bitcoin"), ape behavior (Think GME/bitcoin), and market dynamics (Super low supply, but super high demand thanks to the previous points as well as governments buying up both metals for their new previous metals backed currencies).
Most people aren't wrong. Gold/silver IS a hedge against inflation, but to think that you can't make money on it, given the current market dynamics is dumb. I'll put my money where my mouth is and give a short version of the only comparable example we have to pull from.
In the 70s and 80s the Hunt Brothers caused a similar market effect. bought up roughly 40% of the worlds silver supply over the course of about 10 years, gradually lowering supply while demand kept growing. They were eventually found out, when it was revealed to the world that they owned 40% of the worlds silver supply, and that caused a massive buying spike as people flocked to buy it out of FOMO, thinking they could get, if not rich, make a good amount of money, by gettin in on the action.
This caused the price of silver to spike from a little over $10 in 1970 to just under $145 in 1980.
Here's a chart for reference: https://www.macrotrends.net/1470/historical-silver-prices-100-year-chart
Silver was NOT worth that much back then, but market dynamics made it keep growing until people refused to buy anymore. Keep in mind, this is a time period without any major financial crisis's (The gas crisis doesn't apply here), and no real major global conflicts (cold war never went hot obviously)
The same thing is gonna happen here, but on an infinitely higher scale. When the banks collapse, and the paper silver/gold market collapses (silver is the most naked shorted asset on earth to the tune of more than a quadrillion dollars being naked shorted annually by banks and hedge funds, gold gets the same treatment to a lower degree), combined with the threat of WW III, nuclear war, governmental collapse (the military is probably gonna have to clear out the governement and install a military junta temporarily, which will cause widespread panic about the USD), and most importantly, the collapse of the USD and US treasury market, and instead of looking at a 14.5 X increase, you're looking at easily several 100 X increases, if not more.
Now having said that, it's a lot more nuanced and complicated as to how we got those number. There's a whole lot more factors that go into the equation like how silver/gold supply has actually shrunk in the past 100 years for example, but that's a really dumbed down and shortened version, since I don't feel like typing it all out again for the upteenth time. FYI, this isn't me saying you should dump all you money in gold/silver because it'll make you rich. That's dumb, don't do that. Only buy what you can afford from EXCESS income. If/when silver/gold hit 5 digits or more you'll walk away with a decent nest egg from a few oz's. So there's no need to try and risk your livelihood on it. Just hedge like normal, and if/when it takes off, take the massive increases. It's that simple.
But I've ranted a bit. To answer your question, it's just a old scam, there's no grand conspiracy in THIS specifically. But there is evidence and precedent for a massive market increase right around the corner, especially with the upcoming financial collapse and reset that everyone knows HAS to happen in order to kill of the central bank system for good.