/biz/ - Business & Finance

Newcomers need to learn not to pay any attention to the silver price on Kitco.com, goldprice.org, etc. It's taken from a place called the COMEX, which is simply a paper derivatives market. In Chris Marcus's book "The Big Silver Short" the industry insiders whom he interviews estimate that there are about 500 fake "paper" "digital" silver ounces for every real physical ounce in existence. The banks therefore are all extremely short silver (picture related is the latest COT data), up to 50,000% short. Compare this with the 150% short-float of GME. They would collapse if there was a run on physical. All they can do in the mean-time is keep shorting the paper price more and more until the ponzi scheme collapses, because they are backed into a corner from which there is no escape. The average historical daily wage in silver from the age of Pericles to that of Dickens or Henry Ford was about 1/10th of an ounce (https://lenpenzo.com/blog/id47735-historical-gold-and-silver-benchmarks-for-job-wages-and-commodity-prices.html)), so the fact that, on a historical basis, silver ought to be at least $1000 an ounce today (40x higher) is clear proof of hyper-predatory shorting. In fact silver has nearly been wiped out of existence because of it, which is probably one reason why the oligarchs started the Great Reset now, because they knew that the world was about to collapse into a new Dark Age from lack of silver. The market cap of investable silver is probably only a few tens of billions of dollars, simply keep buying physical and hold.

Newcomers need to learn not to pay any attention to the silver price on Kitco.com, goldprice.org, etc. It's taken from a place called the COMEX, which is simply a paper derivatives market. In Chris Marcus's book "The Big Silver Short" the industry insiders whom he interviewed estimate that there are about 500 fake "paper" "digital" silver ounces for every real physical ounce in existence. The banks therefore are all extremely short silver (picture related is the latest COT data), up to 50,000% short. Compare this with the 150% short-float of GME. They would collapse if there was a run on physical. All they can do in the mean-time is keep shorting the paper price more and more until the ponzi scheme collapses, because they are backed into a corner from which there is no escape. The average historical daily wage in silver from the age of Pericles to that of Dickens or Henry Ford was about 1/10th of an ounce (https://lenpenzo.com/blog/id47735-historical-gold-and-silver-benchmarks-for-job-wages-and-commodity-prices.html)), so the fact that, on a historical basis, silver ought to be at least $1000 an ounce today (40x higher) is clear proof of hyper-predatory shorting. In fact silver has nearly been wiped out of existence because of it, which is probably one reason why the oligarchs started the Great Reset now, because they knew that the world was about to collapse into a new Dark Age from lack of silver. The market cap of investable silver is probably only a few tens of billions, simply keep buying physical and hold.

>>27501114

Newcomers need to be taught not to pay any attention to the silver price on Kitco.com, goldprice.org, etc. It's taken from a place called the COMEX, which is simply a paper derivatives market. In Chris Marcus's book "The Big Silver Short" the industry insiders whom he interviewed estimate that there are about 500 fake "paper" "digital" silver ounces for every real physical ounce in existence. The banks therefore are all extremely short silver (picture related is the latest COT data), up to 50,000% short. Compare this with the 150% short-float of GME. They would collapse if there was a run on physical. All they can do in the mean-time is keep shorting the paper price more and more until the ponzi scheme collapses, because they are backed into a corner from which there is no escape. The average historical daily wage in silver from the age of Pericles to that of Dickens or Henry Ford was about 1/10th of an ounce (https://lenpenzo.com/blog/id47735-historical-gold-and-silver-benchmarks-for-job-wages-and-commodity-prices.html)), so the fact that, on a historical basis, silver ought to be at least $1000 an ounce today (40x higher) is clear proof of hyper-predatory shorting. In fact silver has nearly been wiped out of existence because of it, which is probably one reason why the oligarchs started the Great Reset now, because they knew that the world was about to collapse into a new Dark Age from lack of silver. The market cap of investable silver is probably only a few tens of billions, simply keep buying physical and hold.