The real value of gold should be well over $100K/oz in relation to M2 currency supply since 1933 (LEGAL but UNLAWFUL theft). You can thank the "London fix" and then "Wall Street fix" for the delta. If this is true, and I assure you it is, the real value of silver should be closer to $10K/oz.
And no, that doesn't mean "everything else", i.e. milk, eggs, gas, bread, should also be 100x their current prices. It's just a simple comparison of what precious metals were worth in comparison to printed-out-of-thin-air FedBux, then and now. The only fair and rational comparison that can be made if we are to assume gold and silver were fairly priced before the FDR regime confiscation.
Proves the popular axiom amongst those in the know -> There are no "markets", only "manipulations".
The markets look like a repeat of post roaring 20's market crash. Hang on to your seat cushions, the last car just cleared its highest point on this roller-coaster.
+1 How do we know they are on the way back up? Possibly. Could gold drop to $2,400 USA and silver to $24? Maybe, maybe not that far, but if an investor / saver / hoarder has a reasonable portion in silver, then I would see no reason to sell.
What scenarios do we have based on GAW and Q? If structures such as the machinery of high federal deficit spending, trade deficits, illegal migration, lawfare and money laundering are carefully and systematically dismantled and replaced with a trim, healthy government, does silver hold its close to $30 value, then go up, and then go back down to $30 again with a Precipice crisis of some sort? I can’t see anything replacing silver’s industrial use-case medium term, like for a few years.
Yeah, I have more silver than gold, but still not that much. If silver gets back to 34 I will sell enough to get rid of my 0% APR debt that goes to charging interest next January. If not, I'll have it paid off by July anyways.
I bought a lot threw APMEX when I first started Stacking. I got their Bullion CC which gives you 4% Cash Back towards future purchases essentially giving you back their CC fees. I also bought New Customer Deals from quite a few Bullion Dealers.
Kitco is the best place to check Spot because every online dealer uses different spot prices and kitco is normally the lowest spot price, but don't buy there because their premiums are high. Many LCS and stackers use Kitco spots.
I currently buy from a LCS that sells on Youtube, he melts a lot of the silver he buys and makes bars. Right now he raised prices to 75 cents over on silver, but until the dip I was buying from him at 25 cents over spot. What makes it even better is that he buys back his bars at spot. There's another Youtube LCS dealer who buys gold at 98% of Spot and Silver at 1 Buck Below spot.
These 2 dealers are far better than my LCS's in my city in prices to buy and sell to. There's a third LCS that often has good flash sales. Send me a private message if you care to know the names of these shops because posting would be a no no.
Go, go SILVER!
Up 104.96% in last 5 yrs, per JMBullion
Silver has been greatly suppressed and undervalued even @ $35.00 / oz
The historical value through time has been at a ratio of 12 - 15 silver coins for 1 gold coin.
If you divide the current spot price of gold $3060.00 by 15 you get $204.00 which is closer to the real value of silver.
The real value of gold should be well over $100K/oz in relation to M2 currency supply since 1933 (LEGAL but UNLAWFUL theft). You can thank the "London fix" and then "Wall Street fix" for the delta. If this is true, and I assure you it is, the real value of silver should be closer to $10K/oz.
And no, that doesn't mean "everything else", i.e. milk, eggs, gas, bread, should also be 100x their current prices. It's just a simple comparison of what precious metals were worth in comparison to printed-out-of-thin-air FedBux, then and now. The only fair and rational comparison that can be made if we are to assume gold and silver were fairly priced before the FDR regime confiscation.
Proves the popular axiom amongst those in the know -> There are no "markets", only "manipulations".
The more you know...
Thank you! If you know you know!!
The markets look like a repeat of post roaring 20's market crash. Hang on to your seat cushions, the last car just cleared its highest point on this roller-coaster.
+1 How do we know they are on the way back up? Possibly. Could gold drop to $2,400 USA and silver to $24? Maybe, maybe not that far, but if an investor / saver / hoarder has a reasonable portion in silver, then I would see no reason to sell.
What scenarios do we have based on GAW and Q? If structures such as the machinery of high federal deficit spending, trade deficits, illegal migration, lawfare and money laundering are carefully and systematically dismantled and replaced with a trim, healthy government, does silver hold its close to $30 value, then go up, and then go back down to $30 again with a Precipice crisis of some sort? I can’t see anything replacing silver’s industrial use-case medium term, like for a few years.
I like silver, a good topic, GodBlessAmerica!
Yeah, I have more silver than gold, but still not that much. If silver gets back to 34 I will sell enough to get rid of my 0% APR debt that goes to charging interest next January. If not, I'll have it paid off by July anyways.
a good plan to get get out of debt, and a little bit of precious metals should help in the near future
Yesterday silver was down $5/oz in a week. Super buying time. APMEX premiums were $4/oz on singles, $2.5 on 100 oz and only $1.49/oz on junk silver.
I bought a lot threw APMEX when I first started Stacking. I got their Bullion CC which gives you 4% Cash Back towards future purchases essentially giving you back their CC fees. I also bought New Customer Deals from quite a few Bullion Dealers.
Kitco is the best place to check Spot because every online dealer uses different spot prices and kitco is normally the lowest spot price, but don't buy there because their premiums are high. Many LCS and stackers use Kitco spots.
I currently buy from a LCS that sells on Youtube, he melts a lot of the silver he buys and makes bars. Right now he raised prices to 75 cents over on silver, but until the dip I was buying from him at 25 cents over spot. What makes it even better is that he buys back his bars at spot. There's another Youtube LCS dealer who buys gold at 98% of Spot and Silver at 1 Buck Below spot.
These 2 dealers are far better than my LCS's in my city in prices to buy and sell to. There's a third LCS that often has good flash sales. Send me a private message if you care to know the names of these shops because posting would be a no no.
Nice, I bought a shitload of calls on pan american silver last week.
Great!