/biz/ - Business & Finance

>>28573536
Silver is going to pull a palladium sometime in the next 12 months.

I just cant see us ranging at this level for longer. The debt trap is obvious, lockdowns aren't ending this year, trillions will be printed.

I posted this in another /pmg/ but no one replied so thought i'd post it again and see if anyone wanted to chip in

>In regards to the COMEX breaking and what price action we may see, we have palladium as a reference point. bearing in mind that palladium is purely an industrial metal, whereas precious metals have the almost immeasurably larger demand basis of being stores of value and mediums of exchange. The demand for them will be far greater than any industrial commodity.

>The big thing i think we're all underestimating is: the WHOLE world hinges on this. If we're right, and fiat collapses and capital flight goes out of the paper ponzi scheme world and into commodities and precious metals - hundreds of millions of people are going to get wiped out. They're wiped out already - but this will have real life, immediate consequences.

>Aside from us, the tiny percentage of people who are self interested and invested in commodities, The entire world does NOT want this to occur, and will do whatever is necessary to prevent it from happening. Their attempts will be futile, but they will be until the bitter end. As investors, we must be prepared to meet that bitter end.

>>26455400
In regards to the COMEX breaking and what price action we may see, we have palladium as a reference point. bearing in mind that palladium is purely an industrial metal, whereas precious metals have the almost immeasurably larger demand basis of being stores of value and mediums of exchange. The demand for them will be far greater than any industrial commodity.

The big thing i think we're all underestimating is: the WHOLE world hinges on this. If we're right, and fiat collapses and capital flight goes out of the paper ponzi scheme world and into commodities and precious metals - hundreds of millions of people are going to get wiped out. They're wiped out already - but this will have real life, immediate consequences.

Aside from us, the tiny percentage of people who are self interested and invested in commodities, The entire world does NOT want this to occur, and will do whatever is necessary to prevent it from happening. Their attempts will be futile, but they will be until the bitter end. As investors, we must be prepared to meet that bitter end.

>>25947088

Russia must be de-dollarizing and accumulating gold because they want to start a metals recycling business.

https://www.zerohedge.com/geopolitical/russia-holds-more-gold-dollars-first-time-history

>>25947135

It's an exemplification of the absurd numbers which are traded on the COMEX. There is virtually no silver in stockpiles, because most of it is consumed in industry, and we only mine about 100-200 million ounces a year for investment in bullion. So the fact that you can dump billions of ounces on the market in a single day is absurd, and shows how little real metal is in the COMEX vaults. It has been estimated that there are hundreds of "digital" silver ounces for every real ounce (see the experts which Chris Marcus interviewed for his book The Big Silver Short). When too much palladium was taken delivery of a few years ago, the price broke free and soared. Cf. also the 80s when the Hunt Brothers took delivery on the COMEX, broke the paper market, and silver went to an inflation-adjusted ATH of $850 an ounce.

Somebody asked about manipulation in a previous thread, reposting this post from another one.

"You know the spot price which you see on websites like Goldprice or Kitco? That's actually taken from a place called the COMEX, a futures exchange which trades in derivatives. In that market, hundreds of fake, "digital" silver ounces are passed to and fro for every real ounce which truly exists in the vaults. This means that you can dump billions of paper ounces on the market, and crash the price, at any time. The system, however, is like fractional-reserve banking. If enough people took delivery there, the system would immediately collapse. We saw this in the 70s and 80s, when the Hunt Brothers demanded physical delivery, exposed the fraud, and silver reached an inflation-adjusted ATH of $800, at a normal historic GSR of 1:15. The COMEX broke only a couple of years ago in the case of palladium (see chart). It will happen again as the dollar collapses, and there is a run on silver.

The four best places to learn about manipulation are, first, this short video about Andrew Maguire, who is one of the most important people in exposing the fraud:

https://www.youtube.com/watch?v=bKLQGJ_GGZk&ab_channel=ArcadiaEconomics

Secondly, this interview with Craig Hemke, Eric Sprott's friend, who has been watching this for years:

https://www.youtube.com/watch?v=9EOPKizJ_Y4&ab_channel=GregHunter

Thirdly, this interview with Bart Chilton, Commissioner at the CFTC, who, in a sort of death-bed confession, exposed the manipulation only weeks before he died:

https://www.youtube.com/watch?v=ShZrgZEq1Yo&ab_channel=ArcadiaEconomics

Finally, this interview with Rob Kientz, an auditor, who explains exactly how the COMEX works and a great deal about its history:

https://www.youtube.com/watch?v=KyAopYlD32k&ab_channel=PalisadesGoldRadio

J. P. Morgan was recently fined a billion dollars for silver manipulation, so none of this is to be regarded any longer as a conspiracy theory."

>>25653099

You know the spot price which you see on websites like Goldprice or Kitco? That's actually taken from a place called the COMEX, a futures exchange which trades in derivatives. In that market, hundreds of fake, "digital" silver ounces are passed to and fro for every real ounce which truly exists in the vaults. This means that you can dump billions of paper ounces on the market, and crash the price, at any time. The system, however, is like fractional-reserve banking. If enough people took delivery there, the system would immediately collapse. We saw this in the 70s and 80s, when the Hunt Brothers demanded physical delivery, exposed the fraud, and silver reached an inflation-adjusted ATH of $800, at a normal historic GSR of 1:15. The COMEX broke only a couple of years ago in the case of palladium (see chart). It will happen again as the dollar collapses, and there is a run on silver.

The three best places to learn about manipulation are, first, this short video about Andrew Maguire, who is one of the most important people in exposing the fraud:

https://www.youtube.com/watch?v=bKLQGJ_GGZk&ab_channel=ArcadiaEconomics

Secondly, this interview with Craig Hemke, Eric Sprott's friend, who has been watching this for years:

https://www.youtube.com/watch?v=9EOPKizJ_Y4&ab_channel=GregHunter

Thirdly, this interview with Bart Chilton, Commissioner at the CFTC, who, in a sort of death-bed confession, exposed the manipulation only weeks before he died:

https://www.youtube.com/watch?v=ShZrgZEq1Yo&ab_channel=ArcadiaEconomics

Finally, this interview with Rob Kientz, an auditor, who explains exactly how the COMEX works and a great deal about its history:

https://www.youtube.com/watch?v=KyAopYlD32k&ab_channel=PalisadesGoldRadio

J. P. Morgan was recently fined a billion dollars for silver manipulation, so none of this is to be regarded any longer as a conspiracy theory.

>>25608145

>It's not 36x it's 3.6x

Silver was just over a dollar in 1971, and reached a peak of $49.45 in 1980, when two billionaires demanded delivery on the COMEX and exposed the paper fraud. Same thing which happened to palladium a few years ago. At a time when the DGR was 1:1, the gold-silver ratio immediately corrected to its normal, historic 1:15 level. Adjusted for inflation, silver would have to reach well over $800 an ounce to get to the same price today.

>>24220996

The gold price is determined, not by buying and selling real gold, but by trading derivatives on a futures exchange called the COMEX. This is the basis of the charts you see on Kitco, goldprice, etc. On this futures exchange, the bullion banks are able to dump (for example) ten years of the annual investable supply of silver on the market in a single day. The gold price is the most manipulated thing in the world, because a rising gold price poses an existential threat to the dollar. Nevertheless, the COMEX is rapidly turning into a delivery-service, and more and more people are demanding to receive the physical metal. When demand overwhelms supply, the paper suppression of PMs will break, and gold and silver will do what palladium did a couple of years ago. Once all confidence in the COMEX is lost, the price of PMs will be determined in the free market and by the mining companies.