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🥈 Silvermos, why isn't silver mooning? 🥈
| Up-to-no-good center candlestick maker | 06/13/21 |
| Green charismatic windowlicker juggernaut | 06/13/21 |
| Up-to-no-good center candlestick maker | 06/13/21 |
| Abnormal Electric Rigor Theater Stage | 06/13/21 |
| Mischievous Roommate | 06/13/21 |
| Sapphire Hominid Alpha | 06/13/21 |
| supple bistre selfie digit ratio | 06/13/21 |
| Mischievous Roommate | 06/13/21 |
| Fragrant Maniacal Clown Affirmative Action | 06/13/21 |
Poast new message in this thread
Date: June 13th, 2021 6:16 PM Author: Up-to-no-good center candlestick maker ❔ (http://www.autoadmit.com/thread.php?thread_id=4856350&forum_id=2#42622160) |
Date: June 13th, 2021 6:17 PM Author: Green charismatic windowlicker juggernaut Seems like there are shortages at the current price. Reading about a lot of delays in sending out the physical silver. (http://www.autoadmit.com/thread.php?thread_id=4856350&forum_id=2#42622164) |
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Date: June 13th, 2021 6:20 PM Author: Up-to-no-good center candlestick maker I don't really know anything about silver beyond what a reasonably bright adult knows. Shouldn't silver already be mooning? (http://www.autoadmit.com/thread.php?thread_id=4856350&forum_id=2#42622177) |
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Date: June 13th, 2021 6:26 PM Author: Abnormal Electric Rigor Theater Stage I went to a “WE BUY GOLD! WE BUY SILVER!” today bc I needed *cough cough* cash that the wife doesn’t know about.
I went with these four items:
Not flame those EXACT items. I was offered $60. Silver is flame. The guy even took out his book and showed me the weight/payment for the industry. Silver is flame. |
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Date: June 13th, 2021 7:29 PM Author: Mischievous Roommate central banks manipulate the price of gold down to maintain their debt-based fiat ponzi scheme. normally when a fiat currency prints too much gold rises as an "alarm bell". TPTB figured out that using paper futures trading markets they can print unlimited money to crush the gold price. this is still pretty hard to do because central banks around the world, esp russia and china, are constantly buying gold for reserves
gold and silver are tethered to eachother. the silver market is a tiny pink one compared to gold by market cap. so it's much easier than gold to manipulate the price. so central banks use the COMEX and LBMA to short silver at a 50 (paper) to 1 (physical) ratio. this has kept the price low for a long time, which has caused it to become a "widowmaker" trade similar to how bond vigilantes got pwned during the last 30 years.
the key is that if people call their bluff and take physical delivery of silver, eventually they will run out and the price manipulation scheme will completely collapse. people buying retail silver helps achieve this because it drives up premiums and creates an arbitrage opp where people can buy silver @ $28 on comex, refine it, then sell it for $35+ to retail |
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Date: June 13th, 2021 7:30 PM Author: Sapphire Hominid Alpha (http://www.autoadmit.com/thread.php?thread_id=4856350&forum_id=2#42622432) |
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Date: June 13th, 2021 7:31 PM Author: supple bistre selfie digit ratio Amen. The data point to watch in all this is not the absolute price of silver, but rather the spread between paper and physical.
Also keeping a close eye on foreign central bank gold adds. |
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Date: June 13th, 2021 7:42 PM Author: Mischievous Roommate china recently announced they are letting banks import gold. china's official reserve numbers have been flat for years, suggesting that they have massively been adding stealthmode
russia is divesting all dollars from its sovereign wealth fund. admittedly a small number but speaks to more and more countries getting rid of trash dollars for gold. russia now has enough declared gold to back their currency using traditional ratios
the real deathblow will be (1) moving away from SWIFT soon and (2) continued move away from petrodollar |
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Date: June 13th, 2021 7:31 PM Author: Fragrant Maniacal Clown Affirmative Action it's because silver bulls are mostly painfully dumb pieces of shit who don't understand that fiat USD is the place to be right now. (http://www.autoadmit.com/thread.php?thread_id=4856350&forum_id=2#42622443) |