More on Silver - interesting…..
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Yeah...But he also layed out the reality for the "man in the street" where the big banks make out fine & individuals get the shaft - once again...
Such as shorts being settled at a discounted rate so the the "biggins" don't go bankrupt.
SAME AS IT EVER WAS!!!
That's why the whole GME shit - I never, ever believed that the "man in the street" would ever get one over on these professional gangsters...The whole damned thing is fixed and when things go "pear shaped" the "referee" will step in and say nope...You're not allowed to profit that much, knuckledragger goy...
So yanno...
In regards to PM...I don't know. I'm being optimistic. Will Au bang $15k? Will they revalue in relation to USD? Who knows...I sure hope so because I'm metals heavy.
u/#catdance
Agree.
Hope of hopes is that this time it might be different and it starts with destroying the fed. / central banks. Clive’s 15k scenario does say the opposite, but he isn’ a Q guy (if I’m guessing).
BTC may possibly hold that kind of power - depending on what one believes. I know the big BTC bulls understand it is a hedge against fiat, and I agree in some respects in principal. I’m not a player in crypto though and remain a skeptic.
What about a multiple perfect storm squeeze that leaves central banks without an escape? Silver (and all PM’s), BTC, and GME type naked shorts hitting fast enough that they don’t have time to invent new instruments to hang in there? IDK??
He did bring up several points regarding your stuff:
Gold market cap was something in the neighborhood of $20B; BTC around $2.5B & Silver around $2.1B...I would not be surprised of Silver passes BTC in market cap here shortly. I had no idea it was that close or that gold was 10x the size of Ag until Clive mentioned it.
Gold was around $2000 2 years ago, Dec 23. Now it's about 2.25 times that amount just 2 years later... and - has the entire economy imploded? No...no more than any other time. So the idea that "we're all gonna die!" If gold hits $10k+ seems a bit shit in light of us already going through that with no real repercussions. $15k could be possible... but I'm very skeptical. Then again silver exceeding $45 seemed impossible...now look at that sucker! Nearly double! So glad I sacrificed and stacked bigly at $14-17, ignoring the doubting self talk completely...
I was never a fan of BTC because it's nearly unspendable - even with several more retailers accepting it recently... but mainly because it's backed by literally nothing but belief... Yeah a part of me wishes I had those $10/less early coins but honestly, the whole thing is ghey to me. It didn't come out of the ground and isn't skilled labor... therefore, using the Rich Dad, Poor Dad formula, it's worthless.
Many have tried telling me that the electric used to mine it is what gives it value... that's like saying that the fuel I burned in my used car for sale somehow gives it value... you can't get it back! BTC is almost 95% mined at this point... and then that's it. It has no other place to go but down.
According to Clive, gold has been returning 9.2% annually since 1971. This is by just hodling it...Whereas the stock market, only slightly better IF dividends are thrown back in - BUT - That's being vigilant and moving, selling, buying and a lot more work to protect your investments vs gold. Like he said - Bethlehem steel, GM, etc all went to zero... and if you were invested and sleeping at the wheel, you'd be broke. Whereas gold & hold earns you 9.2% doing absolutely nothing. I love that!
I don't know enough about the big picture to comment on our inevitable "reckoning" but I really hope Au & Ag helps to keep me & mine off the street...