Precious metals ETFs and mining stocks are suddenly snapping higher this morning, raising questions about whether the Reddit Rebellion is migrating to one of the most manipulated markets of all.
Imagine if @wallstreetbets finally ended the paper price suppression of precious metals. Physical silver has a market cap of $30B. What a joke. This is only possible with infinite supply black hole paper derivative markets. 🥈⛏️🚀#Silver $Silver $SLV $AGhttps://t.co/nkwmScJyG0
— Alex Saunders 🇦🇺👨🔬 (@AlexSaundersAU) January 27, 2021
One WallStreetBets user (jjalj30) posted the following last night:
Silver Bullion Market is one of the most manipulated on earth. Any short squeeze in silver paper shorts would be EPIC. We know billion banks are manipulating gold and silver to cover real inflation.
Both the industrial case and monetary case, debt printing has never been more favorable for the No. 1 inflation hedge Silver.
Inflation adjusted Silver should be at 1000$ instead of 25$. Link to post removed by mods.
Why not squeeze $SLV to real physical price.
Think about the Gainz. If you don’t care about the gains, think about the banks like JP MORGAN you’d be destroying along the way.
Edit 1: ALL IN ON $AG. LETS GET THE MINERS.
Edit: $AG UP 40% PM. YOU FUCKING RETARDS. 🚀🚀🚀🚀🚀🚀🚀🚀🚀 SLV TO THE FUCKING MARZ. I have got some interesting ifo from Gold Ventures. Here he goes—
Hi master!! In our debate about of which ETF is the best for our purposes (PSLV or SLV) I think that obviously the choice is SLV. Many people try to discredit it putting in doubt that it holds all the silver that it should, but I think that this had been always biased propaganda by the bullion dealers. SLV is run by BlackRock, who has many, many, many more assets under management than the SLV (in fact SLV is one of their smallest funds). Will such a leader of the investment industry put its reputation in risk??? Some years ago (in the darknest recent age of silver, about 2013-2015), the short interest in SLV was much higher than nowadays (about 25-30%). Ted Buttler always defended that shorting the SLV was not permitted by the ETF prospectus itself, because shorting one share inhibits the adding os one Oz of silver (you can sell one share to a new investor without issuing it). He initiated a public campaign against BlackRock by permitting it. The result was a legal threat of BlackRock to Buttler, he had to retreat, but magically the short interest started to decrease during the next weeks/months till “simbolic” levels. Even during this last year, where we witnessing silver inflow to the trust of several hundreds os Moz over the year before, the short interest of SLV itself didn’t rise. SLV itself has no meaningful short interest itself, but the arbitrage among it and the spot/futures market make the concentrated shorts of the Comex very vulnerable. And remember, the master of the crooks, the one with the biggest and more corrupt influences, JPM, is no longer in the short side, so it will be no threated and by that will do nothing.
Advantages of SLV over PSLV are clear:
Much more available on brokers (unless in Europe due to MiFid II)
Much more liquid
And of course, it has options!!
Tldr- Corner the market. GV thinks its possible to squeeze $SLV, FUCK AFTER SEEING $AG AND $GME EVEN I THINK WE CAN DO IT. BUY $SLV GO ALL IN TH GAINZ WILL BE UNLIMITED. DEMAND PHYSICAL IF YOU CAN. FUCK THE BANKS.
Disclaimer: This is not Financial advice. I am not a financial services professional. This is my personal opinion and speculation as an uneducated and uninformed person.
On the heels of that, SLV is spiking
And GLD…
But it is the miners that are flying… for instance AG…
One thing is sure – if WSB’rs start messing with the primal source of BIS power, Benoit will be at his desk very fast…
And the regulators will stomp all over it!
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Got Gold?
I wish I had more.
buy the silver… better returns if this shorting article is true. I own both and buy when I can as much as I can… be nice to see it rocket which I could sell and buy more dirt.
I have more silver than gold, since gold is more expensive.
Where is Max Keiser???
I lost all of my PM in a boat accident 10 years ago. Sadly, all my firearms were on the same boat. Broke my heart it did.
Boats are really dangerous and should not be used to transport anything of value. Sorry for you loss.
if the dollar fails then the entire united states economy will fail – both local production and imports. if that happens then no-one will be selling anything and gold will play no role.
I’m expecting brass wrapped lead being a form of currency when TSHTF. Once stabilization occurs, then PM’s will rule.
“brass wrapped lead being a form of currency”
no. 1) anyone who doesn’t already have ammo isn’t likely to have anything worth trading ammo for. 2) in an environment where food is scarce, those who have ammo won’t be handing it out to anyone who doesn’t.
Anything of value can be traded and I think everyone knows ammo will be of value. I could see trading a box of .22 on some gasoline someone might have or some garden seed.
sure it’s possible, and there will be some here and there. but don’t expect it.
That’s a lot of ammo. Let’s hope it doesn’t come to that….that much I mean.
Wait, are you talking a box of 20 or a brick of 550 or so??
Depends on what you are trading it for. Box of 50 might get you a gal of gas and a brick 5 gal. We just don’t know, but I feel sure it will have value. I even picked up some calibers that I have never owned at garage sales.
I would trade my granny’s false teeth to someone without teeth before I traded my ammo.
A few months before Sandyhook, I was at a luncheon and one of the guys sitting at the table said part of his retirement plan was to buy a brick of .22LR every month and had been doing so for quite a few years. He told us, it was a small price and he feels like it will be as tradable as gold and silver some day. Since that day, I have tried to keep enough on hand that I can spare some boxes for needed supplies.
When it gets really ugly, a single round can get you anything you want and you’ll have 49 more opportunities to… “Trade”. That is an undeniable fact. Precious metals will have no value when essentials to survive are scarce. Just another reason I live in the boonies…
“a single round can get you anything you want”
and that’s how most will live. preppers just don’t seem to grasp that – they talk about adjusting to the new paradigm but most have failed to do so themselves. they project the present environment into the future, imagining themselves to be the new respected and in-control rich.
“Precious metals will have no value when essentials to survive are scarce”
exactly.
“I live in the boonies”
the problem with that is it leaves you no future.
(grin) probably see lots of trades like that.
Gold is down right now and Silver up 2.5%. I don’t see anything going on. Right now I am holding IAU and SLV for fiat profits.
What will happen? Big shits do not like anyone but us getting screwed so I will venture the nanny state will decide we are not capable of handling our own investments and need “professional guidance” provided by the usual suspects.
” the nanny state will decide we are not capable of handling our own investments and need ‘professional guidance’ provided by the usual suspects”
you will own nothing, and be happy. or else.
So question… Do you think crypto will go un-noticed by the communists??? Do you think they communists will simply allow you to keep your crypto??? Would it be easy for them to either take it from you, or prevent you from getting to it or even completely destroying your crypto???
As opposed to gold/silver which can be secured, available and cannot be destroyed with a few keystrokes. Think I’ll stick to the tried and true…
“Do you think they communists will simply allow you to keep your crypto?”
no. the “communists” think they are people and that the rest of us are not. they think that the world, the universe, is theirs, including ourselves – for them, us holding anything as “property” or having any rights or acting independently of their direct control is theft from them.
So how will you keep that which is easily stolen from you?? Wholly dependent on an internet and connectivity. Serious question.
“So how will you keep that which is easily stolen from you?”
I have no bitcoin to keep.
hhmmm so unless you have g/s then you are gonna be in a bit of a conundrum.
A value for Gold or Silver is only supported by a civilized society. Not exactly where we will be when SHTF. Buy LEAD!
“so unless you have g/s”
in my opinion, after a general grid-down event the only things of value will be a water source, a food source, and military capability, and that this situation will last long enough for the next generation to have no memory of any other lifestyle.
You knew the answer before you asked the question. You’re simply seek confirmation of what you know.
Keep what you can as close and as secure as you can. Only keep what you need to in banks. Invest in land and grow and store you own food as much as possible. Get off the grid as much as possible get close to your neighbors, get a plan, and invest in protection, guns, ammo, medical supplies and know how and pray.
Eventually they will have to be put down by local militias that have no choice so they can protect their families. It will become a matter of survival then whoa to the communists.
Klaus Schwab is Judge Smails and we are all Spaulding.
Mark,
Should I hold?
yep… imo. if you can afford to buy then buy a bit more… it doesn’t go bad. Buy the real stuff tho, not the paper.
Ed,
I just sent this to a friend who asked for some information on PMs as he wasn’t sure what to do. I sold him a tube of 20 American 1 oz Eagals as I like him and he did me a contractor favor in my home.
Short answer HOLD.
Here is what I sent him…the long answer:
Mike: Save this as the past is prologue and the interactive charts will take time to understand…and understand how they predict the future because of the past political and economic events when PMs go up and down.
We are going into a massive worldwide depression/time/conflict like no other.
We are also entering the 3rd Precious Metals (PMs) market of both our lifetimes:
1. 1971 to 1979 (I just watched – but I paid attention and started reading books about PMs)
2. 2ooo to 2011 (I rode this hard and did extremely well over, 600% by 2010)
3. 2019 to ??? (I am riding this this hard – it will be a legacy for my daughter and grandson – Precious metals are always the foundation for generational principle safety and wealth). Plus, no bank controls it or me. No counter party risk, and to me that is huge.
The silver I gave you was up 47% over last year…that is just the beginning.
Sometimes you have to hold it (and Gold) in your hand to feel its true value.
If I had paid you in dollars…a debt paper promise from demonic Banksters…you would have had just ‘currency’. I paid you in real ‘money’…God’s money.
I never, ever, would have paid the first two contractors any precious silver money for the job you did, I have plenty of paper ‘currency’ on hand (soon to be toilet paper)…But, for you (and or Clint) I would use some silver… you both are honorable men…and the silver was a gift from me for what you did.
Those 20 Silver Eagles will shyrocket in value as silver even could get into triple digits during the coming Economic Crash/Depression they are calling the Great Reset???
This is the Past…scroll around and understand the political events during the different times starting in 1971:
Gold:
https://www.macrotrends.net/1333/historical-gold-prices-100-year-chart
https://www.macrotrends.net/1378/dow-to-gold-ratio-100-year-historical-chart
Silver
https://www.macrotrends.net/1470/historical-silver-prices-100-year-chart
https://www.macrotrends.net/2610/dow-to-silver-ratio-100-year-historical-chart
The Gold-to-Silver Ratio: What is It and Why Does It Matter?
https://www.macrotrends.net/1441/gold-to-silver-ratio
https://www.providentmetals.com/knowledge-center/precious-metals-resources/gold-to-silver-ratio-explained.html
• Gold is the money of Kings.
Silver is the money of Gentleman.
Barter is the money of Peasants.
Debt is the money of Slaves.
Norm Franz, Money & Wealth in the New Millennium: A Prophetic Guide to the New World Economic Order.
• “Paper money eventually returns to its intrinsic value — zero.”
Voltaire (1694-1778)
• Whenever destroyers appear among men, they start by destroying money, for money is men’s protection and the base of a moral existence. Destroyers seize gold and leave to its owners a counterfeit pile of paper. This kills all objective standards and delivers men into the arbitrary power of an arbitrary setter of values. Gold was an objective value, an equivalent of wealth produced. Paper is a mortgage on wealth that does not exist, backed by a gun aimed at those who are expected to produce it. Paper is a check drawn by legal looters upon an account which is not theirs: upon the virtue of the victims. Watch for the day when it bounces, marked: ‘Account overdrawn’.”
~~Francisco d’Anconia from “Atlas Shrugged” by Ayn Rand
• At the moment gold is the arch enemy of the fiat-regime. And people at large have short memories. 3 to 4 generations and they repeat the same behavior. The great depression is now so old, it is about to repeated. Gold is obviously the only real portable wealth that will become glaringly obvious in the coming time.
• What would you prefer digital numbers controlled by the Banksters such as this: 01010100 01101000 01100101 01110011 01100101 00100000 01100001 01110010 01100101 00100000 01100001 01110011 00100000 01110111 01101111 01110010 01110100 01101000 01101100 01100101 01110011 01110011 00100000 01100001 01110011 00100000 01110000 01100001 01110000 01100101 01110010 00101110………………………………………..Or Gold and Silver IN YOUR HANDS?
• Great scheme. Create paper and tell people it’s backed by gold. Dump the paper to lower than price of gold and buy up the gold.
• Over the long term, gold’s value is remarkably stable. Its price in fiat can rise without limit.
• Gold is beautiful to look at. Gold is real money created by God. Gold has a 5000 year history as a store of value. No wonder central banks and the wealthy are buying it.
• Look up all other nation’s paper currencies prices in terms of gold. It is easy to find, if you wish to see those charts. What you will see they look like a hockey stick. The US Federal Reserve note does not show that, yet. The reason: our currency is the World’s Reserve Currency, for now. The day that changes our currency will look like a hockey stick, as well. This event will happen in-a-blink-of-the-eye, as in over-night. It will happen, and you will not be LOL.
• Zero counterparty risk with gold.
• Don’t think of gold going up. It’s fiat going down with the collapse of the Ponzi.
• Over the long term, gold’s value is remarkably stable. Its price in fiat can rise without limit.
• Gold is not a commodity per say. Gold has always had the same value. When gold was 35 oz., it would by a large steer, or a nice Italian suit. Today gold at 1300 oz. still buys the same steer or Italian suit. It’s not the gold that has increased in value, but amount of devalued dollars to purchase it.
• “I buy gold because gold is the only form of money that is not simultaneously someone else’s liability.” That is the most sincere and solid reason of them all. It’s not a form of money, it’s the only true money.
• Everything we hope to witness in the way of gravitational leveling of fiat-currency “money” will be a very gradual process. Only some cataclysmic event would cause drastic fluctuations one way or the other. It took generations to build the pseudo “trust” in our unbacked-by-material-commodity-world-currency-fiat-paper system. Its disintegration will also be gradual. However, I do believe that a point of understanding will be gleaned by a critical mass of the plebs and THEN – the exodus from dollars into gold and silver will become an unstoppable flood.
No one knows how this will all play out. But, it’s a pretty sure bet that it will be both chaotic and violent. People will clamor for safety toward some form of fungible exchange vehicle. Paper currency will no longer hold the “trust” of these countless minions… and only barter and REAL money GOLD & SILVER will suffice to facilitate trade.
Fully on board with this, great response. Been saying for a while now after the Venezuelan communist take-over, that the global debt is unsustainable and there will be a global economic crash coming. We have good modern day examples to look at with Zimbabwe, Venezuela, N Korea etc as examples of what happens when currencies crash within a country. Amp that up when it happens globally, soon.
I tell those around me to buy what gold and silver that can afford if they want to preserve their asset values, or buy real estate. But, like you stated bartering will also be a staple after the crash as well, best to learn it now. Surprised you didn’t get any down votes as theres usually some naysayers that think the road ahead is either nothing to be concerned about or we’re all gonna die so why bother.
“What would you prefer digital numbers controlled by the Banksters such as this: 01010100 01101000 … Or Gold and Silver IN YOUR HANDS?”
the one that will buy more bread, milk, and gasoline.
must be the ultimate secure crypto right!?!? gold/silver is never a good idea in the 1000’s of years its been used as a method of transactions. and grocery stores, gas stations, etc all take crypto and people are eager to pay the large transaction charges on crypto… /s But hey… you keep buy’n up that crypto
so … g/s will buy more bread, milk, and gasoline than crypto?
Certainly will if nobody is using crypto as a transaction medium
“if”
ah.
Where I live there are zero businesses taking crypto. none… but if I were to walk in and want to trade in a wafer or coin there WILL be someone there that will take it in exchange for goods.
Live in a shytehole city… then likely there will be businesses taking crypto but for how long??? Cities run out of supplies real quick and some farmer or other ‘supplier’ outside the city… likely not going to want some crypto they can’t see or feel. Bird in hand is better than two in a bush.
There are so many problems with crypto outside of electricity that its not worth the risk. I’ve noticed that most people who talk about crypto are basically hording with the view of making millions on market shifts. I see virtually no real trading like g/s movements but people looking easy riches. I may be wrong, do you sell and buy crypto or just buy when available??
In an economic crash… wish you well.
“Where I live”
ah.
“Cities run out of supplies real quick”
I believe rural areas will run out of supplies quicker.
“do you sell and buy crypto”
no.
Me thinks you do not understand much about supply sources especially if you think (believe) that rural areas will run out of supplies before a city.
Own crypto?? Or just a wannabe owner??
“Me thinks you do not understand much about supply sources especially if you think (believe) that rural areas will run out of supplies before a city”
it seems inevitable. most rural areas are not “supply sources” except in banana-republic terms – they produce one or two goods or services but must import absolutely everything else, and they typically are logistically distant from the sources of those imports and typically have limited road/rail access. cities on the other hand are at the natural confluence of farmland and water sources and trade routes, and are much wealthier, and thus will have better access to and claim (financially and politically and logistically) over declining resources than rural areas.
“Own crypto?”
no.
Sorry but rural areas are WHERE the supplies for cities come from except the manufactured chinese junk. You think that rural areas will run out of groceries??? Where will the city get its groceries when theres a global crash?? Cities consume resources at unbelievable rates and will run out very quickly.
My training is in Marine Operations and intermodal transportation, road/rail. True enough that road and rail head to cities in order to export thru ports. But to say theres little road/rail access to rural areas is woefully ignorant.
Factory farming has hurt small farms and has lowered the cost of groceries but in an economic crash these same farmers will be handing back the land they farmed to the small farmer again. Who will like in days past take up raising crops and cattle.
No my friend, it will be cities that will turn into Sariavo in two weeks of an economic crash. Like those in Venezuela people will eat their pets and raid the zoos for food because the very little food available in a store will be half rotten and selling at a premium.
“Sorry but rural areas are WHERE the supplies for cities come from”
more accurately the supplies come from specialty districts. again, most rural areas produce only one or two products and import absolutely everything else, so no rural area (that I know of) is independently self-supporting in any way – they are as dependent as cities on remote sources of supply.
“You think that rural areas will run out of groceries?”
yes – and before cities, which will have first pick of anything left anywhere in the world, while rural areas will have access only to their local products and will be crowded out from access their usual sources of supply.
“Cities consume resources at unbelievable rates and will run out very quickly”
yes they do – but rural areas have relatively even less depth and less inventory on hand.
“will be handing back the land they farmed to the small farmer again. Who will like in days past take up raising crops and cattle”
unfortunately these small farmers are few in number, have forgotten most of the past knowledge that made small scale farming viable, and have few resources such as the livestock, hardware, seeds, and natural non-power-driven water sources that are required for an independent family farm. they will try, but the successes will be few and far between.
It obvious you live in a city and do not understand what the country folk are all about. And to say these small farmers have forgotten most of the past is mind numbingly ignorant.
The farmers haven’t sold their land, they lease it out. So there are a plenty of farmers still on their lands. When the factory farmers can’t sustain the 5 – 6000 acres they will drop the lease and its back to the owner. You honestly think he’ll sit on his land and do nothing??? Starve?? lol
What will happen, and this you can verify with the MANY rural folks here, is that markets will open immediately. Farmers will trade livestock for seed etc and farming will continue in pretty much every tiny town there is and will actually flourish. They certainly won’t lack groceries, cell phones yes, groceries nope.
Cities on the other hand will VERY quickly turn into the Minneapolis of the summer with mobs burning and looting store. In two weeks there’ll be basically nothing left, then they’ll turn on each other. Just like in Venezuela.
But like I stated before. I do wish you well but if you live in a city you are in for a world of hurt. Plus, when you head to the country for groceries… I don’t think you are going to be welcomed much and especially if you bring nothing with you.
BTW – thx for the conversation, appreciated
“And to say these small farmers have forgotten most of the past is mind numbingly ignorant”
this statement illustrates what I’ve been talking about.
gman…you’re flat wrong. So wrong I can’t believe you’re being serious.
Rural areas don’t NEED grocery stores so that arguments moot.
Rural areas have THE greatest depth in food than anywhere (don’t tell anyone).
All the city has are bees, maybe.
In my neck of the woods, there’s an unending supply of old farmers, equipment and the rest of it to put quick shame to your statement that my neighbors are incapable of taking back the land.
You must be bored stiff to argue. Really…promise me you’re not that ignorant.
“I can’t believe you’re being serious”
that’s ok, I think you’ll see. hopefully soon enough.
“In my neck of the woods” …
… things might be different, sure. but given the arguments presented here – specifically the lack of courses of action in response to the total loss of outside resources – it’s clear that preppers have made unexamined presumptions about their status …
“promise me you’re not that ignorant”
… and that these presumptions are being counted as knowledge.
(leftists think the same way, projecting the present into the future. “when we have total control the cattle will continue to manufacture wealth for us to confiscate!”
When the SHTF, food is going to be the only thing people are truly going to care about. No question that the other things will become necessary as time goes on, but even the good stuff is warehoused in more rural areas to keep property taxes and property costs lower. The cities are just going to be the places where the bodies pile up.
The cities are just going to be the places where the bodies pile up.
That is the truth of it…
Back woods and water don’t give a hoot about crypto.
Even if the power is out or they shut down the internet?
Ha!
Mr. Liberty in for the knockout!
Ok…this is long but gets into an Investigative Reporter who predicted Covid and the lockdowns in 2014!
He is now predicting an upcoming Cyber (selected grids down) Plandemic…and when that happens Crypto and the $$$ of all those still in it (the Big Club members will be long out) will go POOF!
HARRY VOXPREDICTS QUARANTINE & COVID IN 2014
5,765 views
•Apr 30, 2020
Now, below is Harry Vox’s latest vid with Robert David Steel interviewing him…and he is predicting exactly what the World Economic Form headed up by the Doctor Evil clone Klaus Schwab, ‘A CYBER PANDEMIC (DARK WINTER)…is also predicting.
In other words the next tactic by THE ‘LUCIFERIAN’ POWERS THAT BE (TLPTB) is to kill the grid in much of the Unites States for a couple/three months…and totally break the will of the America people while culling the herd drastically.
What do you think will happen if the grid goes down for any length of time? Forget any form of money. Can you say Mad Max and the Great Culling?
HARRY VOX FROM BROOKLYN: DEEP STATE HAS WON, ISRAEL RULES AMERICA
Here is another article on what Vox says is coming:
ARE GLOBALISTS SETTING THE STAGE FOR A CYBER PANDEMIC?
Here is a closing Vid on what the Doctor Evil clone Klaus Schwab, A CYBER PANDEMIC- A DARK WINTER…is predicting but I suspect he and his ilk are really planning?
Klaus Schwab Warns of a Coming CYBER PANDEMIC – live chat room
No matter what, if the above is true or not, the shitstorm isn’t coming…its here…if you’re not a Prepper by now…I wouldn’t wait much longer.
“He is now predicting an upcoming Cyber (selected grids down) Plandemic”
“now”? this thought has been around for a long time. I’ve been predicting it on an individual level for a decade.
“What do you think will happen if the grid goes down for any length of time? Forget any form of money. ”
indeed. given that .9 of all dollars are simply digital ledger entries (there’s your digital currency) a grid-down event will nullify all but paper dollars (approx $200 per american citizen within united states territory and approx 1.5 times that in the form of $100 bills held overseas) and coins ($148 per American citizen virtually all within united states territory).
“Even if the power is out”
in that circumstance g/s will buy more bread and milk and gasoline than crypto. if there is any.
Brian, you should refrain from giving financial advice, I know some who 10x on their crypto in the last year and converted to gold.
Were they stupid?
One of whom is a coin dealer.
Think of that mind bender a gold coin dealer who buys crypto…what is this world coming to.
The discussion is about what is the better and more secure method of retaining assets in a economic collapse. Not investment strategies.
Hey…gman…as my Italian Nana would say…
“Hey Stupido…youa knowa notin about it”.
I just built a third of a new house on pure Gold profits.
It seems you have learned nothing about PMs during your TBP sabbatical…eh?
“Hey Stupido…youa knowa notin about it”
correct, I don’t know what circumstances will exist in the future. you however seem to be quite certain.
gman,
I am certain about PMs because I have been studying, buying and selling them, researching, reading – reading – watching them constantly, buying more during dips, and taking profit when it made sense…then buying more during more dips (like all of 2015 & last March).
And I have been doing this since the early 80s.
Shoot I cashed in a 401k in 99 at 49…and went into PMs with both feet…it was the trade of the next decade! I missed all the stock crashes.
I’m not that good at that many skills…but understanding the PM ‘MACRO’ market…and buying/selling timing, and especially not being greedy always waiting for the big kill or the perfect top to sell has paid off.
I was just teasing calling you stupido…but like my Nana also said… “You noa playa the game…you no knowa the rules”.
“I am certain about PMs”
yes, you were fortunate to invest in a commodity in the present environment and follow through in the present environment. well done. this makes you feel like you “knowa the rules”. but the coming environment will be a step-change from the present, being both chaotic and hostile, and not knowing the circumstances then it’s not at all clear that you will “knowa the rules” then.
I have read enough of Mark’s comments to believe that he understands the rules quite well and I will put my money on him being around much longer than many in a crisis. If the grid goes down for 3 months, he will suffer, but big cities will get decimated. As soon as it goes dark, the animals will go on the prowl and the big city mayors have seen to it that their citizens are unarmed.
And that the animals ARE armed.
Yep. For some reason, criminals do not obey the gun laws.
It might be time to act like a criminal.
It is getting close and this administration may make criminals out of a large part of the population.
Thats their intent
“That’s their intent”
more exactly, they believe anything outside their control is by definition criminal and are acting accordingly.
No worries for country folk… those will be removed before the backhoe goes to work.
TN
Going tribal is important too…I don’t have many friends, but the ones I have you can count on…and to various degrees we are all seriously armed and prepped.
If…and I know this is a big if…we can squeeze out some more time I will be off the grid by next summer.
I have been looking into off grid, as well. The thing that concerns me most about off grid electric is the distinct possibility of EMP. Is there any way to shield solar power from it?
BTW – look at the name of your keyboard nemesis. Do you think he could be .gov paid to troll on here looking for fish to fry? Just a thought that occurred to me last night.
“BTW – look at the name of your keyboard nemesis. Do you think he could be .gov paid to troll on here looking for fish to fry?”
they don’t need me, everything you type here is databased and data-mined and sorted and collated and pioritized and teed up for automated action at the right time. imagine the soviet union kgb, automated.
(I pointed this out to “mark” at one time, but he laughed and said nobody can track him. dunno, maybe he is untrackable – or maybe he’s so confidently safe because HE’S the troll?)
“Just a thought that occurred to me last night”
if this thought only occurred to you last night then you’re a blind cow wandering into a corral.
Whoa…whoa…smug man…let me just say:
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TN,
Just saw this…we had company today I just got on…its possible gman is a government troll…he has the bait and occasionally the stupido gait…and without a doubt they are everywhere…that is always possible with FBI handle man?
Here is my stance on that…I have been so vocal, so active, for so long in so many ways, and TLPTB reach is so wide and so deep, there is no way if/whenever TLPTB get down to my local yokel level of those that need to be eliminated…I have not already been put on that list.
All of us here are being tracked…that is why some are going dark.
I would consider that a given. I would also consider that a high honor.
You can judge a man through many prisms…his nemesis’s are just one.
I appreciate your warning…and covering my six my friend.
I’ll address smugman in his defensive post (that I also just saw) suggesting I am a troll…hmmm…they also do what they accuse you of…but in lint picker’s case as my Nana would say:
Cane che abbaia non morde. (Barking dogs seldom bite.)
gbrick,
Do you read for comprehension?
1983 to 2021 is 38 years…I have been laser intentional with PMs, not perfect, but darn close…not accidental or fortunate.
Its called making yourself a subject matter expert…and when it comes to your money, you better become one.
Some people make money in wise real estate deals…I have done ok in our homes…but nothing to brag about.
Some people make money in stocks…I have done ok in stocks (hell a smart monkey made lots of money in stocks in the 90’s) and I put that profit into PMs in 99…but I always got out early with stocks, and back in late…but never lost a penny…have friends my age destroyed by ‘Letting it Ride’ in the stock market.
Some people make money in bonds…and once upon a decade in Money Markets, and other slow and steady higher interest funds (back in the day) I have done ok….but nothing to brag about…but I put the profit in PMs…at the right times.
Some people make a good buck, live below their means, avoid debt and the depreciating asset American car trap, and put that saved $$$ into appreciating assets…I put that (driving beaters) money into PMs at the right time…not perfect…but darn close.
Sometimes I think just before you post you must suck on a lemon…and then you start picking lint off your shirt in a mirror.
Nana would say: “Hey Stupido…you sucka a lemon…you havea sour face”.
are physical gold/silver still low enough to keep buying?
what % of a family’s assets should be in each?
Tampa,
Every individual’s situation is so different and unique those two big picture questions are impossible to answer accurately.
I’ll throw a couple of frags out with qualifications, cuz you’re a good guy.
“are physical gold/silver still low enough to keep buying”?
Spot Prices 1/28/2021
Gold: $1,845.22 +7.02
Silver: $26.26 +0.39
1. Short answer is yes…but Gold is for wealth – if you have some wealth you want to preserve, protect, and hedge, and you can hold it LONG – I mean years…yes I think it is wise to take a percent of your wealth and put it into Gold (I would go with American Eagles). I’m a macro long guy, and I also believe Gold and Silver is generational wealth (especially considering the times we are living in) and I hope to leave some for my daughter and grandson.
2. That percent can range from say at least 5%, to whatever percent ‘you’ believe is wise for ‘you’ and your wealth. Personally I have about 35% of my net worth in PMs…and I have divested myself of everything with a counter party risk because the Great Reset is coming. I’m into PMs & cash…no debt…and a well-armed self-sufficient lifestyle. I’m not saying that’s for everyone…but it is for me.
3. I have been buying/selling PMs a long time, I’m 71, and have a wonderful dealer (I use to buy from his Father before he retired) who I trust with a long rock solid track record, 1% fee when I buy through him, he buys back…what I bought from him for free. I pay insured shipping both ways. A dealer you trust is critical.
4. Silver is the way to go if you don’t have wealth to put into Gold or even if you just want to go into a hard asset you hold with no counter party risk. I believe Silver is still at more than a reasonable price.
There are premiums on top of spot because of supply and demand.
But once again don’t put in any money if you can’t go long. Look at the 100 year interactive charts I posted. Silver has gone from $5 to $50 an ounce twice in my lifetime, and I believe it will surpass that high again in the next few years. But that is not a guarantee.
Warning Silver can be volatile!
It was up 47% this last year. I have taken a good deal of profit this year, but I was able to wait.
I would buy some pre-1964 silver coins (90% silver) for small purchases, and 1 oz. American Eagles.
“what % of a family’s assets should be in each”?
After you have shelter, security, self-defense, water, food, prep essentials, etc. etc. And there is no oppressive debt…I would at least start with some Silver.
It’s impossible to answer the above with a blanket percent for a family. Too many unknowns.
Spot on… Done the exact same thing. I would add that metals and real estate are very good for wealth retention and you can make very good profits on both.
The caveat is IF you are smart and/or not pressured into selling before you make a profit. BOTH of these markets have cycles to that you can take advantage of if you watch carefully but they are both LONG game, years like Mark stated.
Real estate has a cycle, where I live, at about seven years, give or take a couple years either side. Buy low sell hi is obviously the game and where people tend to miss it is in their greed, waiting to long. Its a delicate balance.
Marks info is very much ‘on the money’ if you want to do well it’s best to tip your ear in his direction.
You are asking for financial advice, we’re talking about asset retention in a economic collapse. Financial advice is for you to determine.
“are physical gold/silver still low enough to keep buying?”
(shrug) depends on what happens.
iirc, were gold used to back all u.s. dollars, it would be valued at about $17,000 per oz. were gold and silver used to back all u.s. dollars, they would be valued at about $14,000 per oz gold and $76,000 per oz silver. but that’s projecting present conditions into the future, and whether or not present conditions will remain valid is another story.
and anyway that is theoretical. in practice I’m sure that any continuing government will declare private ownership of g/s to be illegal, so in practice g/s may be “valuable” but only in the sense that coke/meth/etc are “valuable”. in the absence of continuing government and during economic collapse g/s will be profoundly scarce and there won’t be a functioning economy so there won’t be much to buy anyway.
Mark I suspect he’s a millennial city dweller much like my own son. Hasn’t two nickels to rub together but is an expert in finances. Hasn’t spent two weeks camping in the bush but is an expert survivalist. Drives me crazy but its very sad, and I warn him he will sleep in the bed he makes. All that one can do.
“Its called making yourself a subject matter expert”
sure. you’re a subject matter expert in one commodity in the present system. that doesn’t translate to subject matter expert in a unknown but certainly chaotic upcoming system.
“Nana would say”
nana would say “say it yourself”.
Dear gbrick lint picker,
I’m done as far as the ‘certainly chaotic upcoming system’.
I’m just protecting principle…I’m prepped to the hilt. I raise most of my own food…I’m self-sufficient, and 95% out of the banking counter party risk situation – get it??? yada, yada, yada.
Listen up for the last time…I’m getting ready to spray you with a solid stream of OFF…it’s called 6,000 years of history with Gold and Silver ‘MONEY’…and every single fiat ‘CURRENCY’ in history has gone to ‘ZERO’.
Just like all the ones in the past…every single one…all those ponzi scam John Law fiat implosions around today…they are all inflating themselves into oblivion tomorrow.
I’m out…I made and stored my nuts…I’m as ready for the Dark Winter as humanly possible…got it???
Good luck with your living in the city theories. Buy lots of cat food while you still can…it will come in handy.
And Nana isn’t a metaphor she was a real living Italian woman who raised 7 kids by herself (a widow most of her life) with a corner grocery/candy store, and she said everything I have posted and a hellva lot more.
She was the wisest woman I ever knew.
She would call you a: cantare alternatamente
“gbrick”
(laugh)
Mark,
Good info.
Nother question: is it ok to keep my mags fully loaded long term?
Ed,
I put a detailed answer on my last Post Step 1 & 2, with some some links.
Short answer I wouldn’t…and I’d rotate the ones that you keep ready to rock and roll with.
Thank you, my good man.
Your Welcome Ed II!
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Great quotes Mark, especially Franz and d’Aconia.
Hilarious to see hedge funds and Wall Street shitting themselves over all this. Just a prelude to shutting down the retail buyers who dare to intrude on their turf, I’m sure. So all sorts of trading platforms have shut down this morning to try to stem the Reddit Rebellion. Also, First Majestic Silver was up by 30% this morning, but they just halted the stock. As soon as the ridiculous swings, a key feature of the precious metals market for decades, go against the banksters, they shut it down and call for regulators to halt the shenanigans, essentially saying, “Hey, you can’t do what we’ve been doing for decades!” Hypocritical criminal assholes.
Little people are no allowed to play in their sandbox, unless they follow the rules that do not apply to the owners of the sandbox.
GATA and LeMetropole Cafe seem to be still fighting on about that. I’d love to believe Reddit R. will be more successful.
I know I keep throwing in tweets but I just keep coming across the most awesome tweets about this mess! I can’t seem to stop myself. I need some help🙄
Meh. “Teh Fehd” has interest in gold/silver and to a lesser degree mining stawks. Me’thinks the Robinhood crowd mighta’ bit off more than they can chew on this one.
Just Sayin’
Who owns or runs Robin Hood? Them and They, not some everyman.
Several lawsuits filed against Robinhood today. They halted trading on GME, Blackberry and AMC for individuals, but let the institutional investors continue trading. They are being accused of market manipulation. Their actions drove the price of GME down almost 50% today.
Bob: So true, they’re shutting down platforms as we speak. They will close the casino, shut down the votes until they get the desired outcome. It’s a big club and you fer sure ain’t in it.
It illustrates how complacent the market has become. This has turned into a board game and they are not doing well against the new strategies. So they ran and told Mommy that so and so arent playing fair. Boohoohoo
I always look forward to honesty in any market. Hopefully some of these digital rants will get public exposure. Most folks are too ignorant of what they have been doing to the PM markets over the decades. You know the government is protecting them when you hear about 140% of outstanding shares being shorted, or the recurring documentation of 6-10 times annual gold and silver production being sold as naked paper shorts.
I understand the concept of options selling of something you don’t own YET, but have either made a promise to own, or are willing to take the loss outright. But how does anyone legally justify selling 40% more of something or 6-10 times something that CANNOT EVER BE OWNED??? Or has the definition of fraud been amended to exclude Wall Street crimes?
I look forward to $1000 an ounce silver….or even 1/2 or 1/4 that.
The PM markets are f’d up because of the captured regulators. One need only take a look at the fool’s picture who headed the CFTC ten or twelve years back. Bart Chilton.
First off, she is not allowed to come on down and get it. More red tape than a radical feminist Democrat troublemaker cabinet secretary lawyer could even devise. 5,000 ounce minimum per contract etc. Must be picked up by armored car, on and on.
I agree that SLV is risky (I much prefer PSLV), but the Reddit revolutionaries seem to be targeting it for their short squeeze, as the article above makes clear, so it could rocket higher–at least until TPTB shut it down.
I did an investigation years back and Sprott was the only PM etf sponsor which really had 100% metal backing of its shares. The only one that a “commoner” could take delivery as well. I never inquired about the Silver delivery but Gold required 400 ounces minimum for delivery which is one so called “Good Delivery Bar.”
Better bring your own scale and grater if you plan on using that for any transactions. The coins are nice, but even they become an issue when each is worth $2,000, $10,000, ,etc. One of the reasons why silver coins are nice as well, including the 90% “junk” silver of 1964 and before.
Nice.
1/10 oz coins (when you can find them) can be reasonable, albeit with a higher premium for convenience. Right now a 1/10 oz coin should be around $183 + premium; say, $200? And that doesn’t need a scale or grater!
“And that doesn’t need a scale or grater!”
one of the advantages of gold is that anyone can feel the helf of a gold coin of a specified size and have a decent confidence in its authenticity. but 1/10 coins don’t seem to have a sufficient heft to verify their authenticity this way. given that china is counterfeiting everything, how would you verify 1/10 without a scale?
There are kits you can buy online that will verify if it’s real.
1/10 ounce gold coins are all I can afford. I don’t make a whole lot of money so I have to be frugal. I could save up for bigger coins but I try to buy as soon I can because I don’t know when the bottom is going to fall out of this economy. As soon as I have he extra money, I buy. That’s also why I have more silver than gold.
Small coins and wafers are ok. In a crash it will be easier to trade for goods in smaller sizes so don’t discount the small stuff either.
For example if you go to a grocery store with a 1oz coin or bar, worth a couple thousand are you going to get change back?? a small wafer in cases like this is the difference between going home with groceries or not.
So its better to vary your holdings sizes in case you need them. Keep in mind that the gold/silver is mainly for asset retention if at all possible. What some people are doing is storing alcohol, cigarettes etc as tradable items in their emergency pantry preps.
I have alcohol and bags of loose tobacco but I also have a store of tobacco seeds.
I can tell you now, to people who have cartons of cigarettes they will want to trade, who worry about it going stale, as a smoker myself, a true smoker won’t care if it’s stale as long as they can smoke it. But a warning, it better be real tobacco!
Anything is more than 90% of the population is doing. And functional is also important. And you are right about timing. My wife remembers a friend of her dads who bought a Kruggerand every paycheck. He used to walk around with them in his pocket and she remembers the “jingle.” They are a solid asset that can never rust, decay, or otherwise. The silver will be what most will take for the day to day anyway. And minted US or other coins will be accepted regardless of weight. I have a couple of silver bars that will likely get assayed if I ever choose to sell them. I know the US Mint coins won’t.
The problem is the premiums, but true indeed. They make nice “breakable” multi-gram sheets too. You can perfectly break off a gram of gold at a time. Also a bit pricey, but a reasonable way to function. Indian women and some Chinese, wear their “dowry” around their necks. They only wear 22K gold and get chains made with links that are a specific weight. The gold is so maleable that you can break and remove a link at a time to pay debts, etc. Pretty interesting way to do things. And getting back to what survives and always has…….all you need to know.
Here they are in both 1/10 oz and 1gram weight “hershey bars.”
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I think Peter Schiff sells those. I just can’t buy something that expensive at one time without waiting a while to save. So I buy what I can as soon as I can.
I think if its the difference between groceries and premiums… ur gonna go for the groceries.
Well, i hope they can do it. Blackrock isnt some high flying hedge fund. They will add to their shorts to monkey hammer it back down until the reddits lose interest. And if they dont have enough cash, Im sure Powell could swing a check by later this afternoon. Id exercise caution right here.
Don’t forget Janet. She is on their team, as well.
” We are told this is the Golden Age…Gold is the reason for the Wars we wage ”
– U2
Oil and power seem to be far more important these days…..oh, and because Israel told us to.
Fooled you once (Trump, Stock Mkt, Covid, Q, et al.), fool you twice (YOU).
I’m just about finished with my Alchemy Machine ….a few adjustments and it’s done . If yah need some gold just send me some lead and I’ll get it back to you ASAP.
On a serious note…I bought 90% silver 2 years ago for $10 per 1 dollar of face value . I can get $18 per 1 dollar of face value pretty easily now . I’m still buying some when the situation is right ( someone needs money quick) . I figure that if the stock market crashes by 70% I’ll get hammered to some degree but the soaring price of silver will more than make up for the stock losses. I can easily see buying land for 10 silver dollars per acre in the not to distant future .
Let me know where and I’ll buy a couple of square miles.
You’ll be competing with soros and gates… so will I…
HR, just keep in mind, there is nowhere inside the US where Allodial Title of real property can be held by a private sheep.
The only way is if you received your land through a grant from the king before the Revolution. I know someone that has a land grant from the king, passed down through the family, and he was able to fight off the local government trying to take over his house with pond because they had no jurisdiction over it.
Thanks VV,
I knew about the grant from the King, but didn’t know that any had successfully made a case for it.
If you have a link to that story (if it was in the news…) I’d like to see it.
It wasn’t in the paper. I heard it from the landowner himself. He had been in a fight with the city for years because they wanted to take the pond and drain it. He finally won the case. He has since passed away and the children own the property now.
I hope they are smart enough to never sell it. Of course, some sort of army with a tank can come in and just take it.
Ah the rub. Were the market NOT manipulated, that gold and silver would already be worth a ton. By the time they allow it to be worth what it is really worth (in dollars of course), the dollar will be so devalued that inflation will gobble up all of its value. We will both still be above water for sure, but not like we would were gold and silver worth what they should be today.
(((BlackRock))) and (((hedgefunds))) play Jews games on the public, stealing $trillions – no problem. (((SEC))) yawns, scratches balls, laughs at the victims, has lunch with Larry Fink.
A few goy daytraders play Jew games back on (((BlackRock))) and the (((hedgefunds))) – big fucking problem. (((SEC))) shits self, calls in nuclear airstrikes.
Not sure what the hell that has to do with this thread, but I always enjoy watching that scene. Thanks
Harry represents the autists.
The Guys with the guns are the banksters.
Since there has been discussion about the Good and the Bad, might as well include Ugly.
The Good, the Bad, and the FUGLY.
Lol
She won’t be able to use the phrase “China Virus” either.
I’m sure what HE has is likely more along the lines of Chlamydia or Swamp Ass.