/biz/ - Business & Finance

>>20653874
Not sold on its industrial uses, but it seems we are on reversal of decades old bear market.

>>20653874
Nigga, I am a /pmg/od. I got enough silver stacks to buy your mom and sister every night for ten years.

>>20653912
It's about the USD collapse that will occur within the next year.

>>20653874
I needed more time to stack. current prices area already prohibitive for me. UI feel i cant stack at these prices, but who knows, maybe it would still be worth it to keep buying in for a bit

>>20653978
buy a couple of ounces of silver each week anon. Get your stack up to 250+ ounces

>>20653874
>as US-China tensions mount
I hate how journalists include phrases like this when it isn't related at all

Russia China and India have been accumulating the world's gold supply for the past 20 years. Past presidents have given up everything to them.

China is going to back it's yuan with gold.

Conversely the US has been accumulating silver under the nose of everyone using bullion banks and the COMEX as an intermediary.

After declaring war with China and defaulting on the China Debt. The US is going straight to a silver standard.

Silver will be fixed to the dollar at $10,000 per troy oz.

happens before election

screen this.

>>20654759
Why has silver stayed relatively stable then? Trust me I hope you’re right because I’d be a rich man, but where is the proof

>>20654972
JPM and other banks has been shorting silver for decades artificially suppressing the price. The game is coming to an end as more orders for physical delivery are being made; COMEX may default on what it owes in silver this September.

>>20653978
You had 40,00 years

>>20654972

Accumulation is happening physically by big players under the table through the comex.

The us Govt has been using shell corporations to buy physical from miners and third parties and accumulate into mountain base military vaults.

The comex has been emptied of all it's silver by the US. for the past 10 years all deliveries are coming directly from the government. conversely the comex has been naked shorting the shit out of the market to keep the price suppressed so the government can buy as much as possible with black budget without raising too many heads (where do you think the missing trillion Defense department dollars went?)

the price needed to be suppressed to keep value in a fiat dollar for as long as strategically possible

>>20654972
Silver is incredibly manipulated, but (((they)))’re losing their handle on it

Precious metals will never go up because too many people in the world hold them, and thus order and labor would be lost if a lot of people got rich. They will never ever go up, they just go sideways or down. I mean look at gold, it was literally dumping during the corona virus news. WTH? Lol and it's only gone up by like 5-6 percent since the pandemic started. That's pathetic. Clear and obvious manipulation by elites because they don't want the prices to be high.

>>20655279
Why would it be 10,000 per ounce. That’s very high.

I am extremely paranoid and scared about current happenings involving the US going the way of venezuela, Zimbabwe ect. Is 1330 oz of silver and 14 oz of gold enough to live after the collapse without having to wage?

>>20655240
>TFW Judy Shelton is going on the Fed's board.
>TFW she'll be the Chair by 2022.
The silver's time is now

>>20653959

Precisely. Everybody should watch these videos, starting with the first. Then buy the GDXJ and SILJ.

https://www.youtube.com/watch?v=XliHE6QgljY

https://www.youtube.com/watch?v=l9xeSOdr9Uc

>>20653959

Precisely. Everybody should watch these videos, starting with the first, to understand what is going on right now. Then buy the GDXJ and SILJ.

https://www.youtube.com/watch?v=XliHE6QgljY

https://www.youtube.com/watch?v=l9xeSOdr9Uc

>>20656097
Yes living off $60,000 for 50 years is easy

>>20655686
Yea no, 10,000 an Oz is autistic speculation that I don’t agree with. But it’ll be high.

>>20654972
It's heavily manipulated in the paper market...so much of the paper gold out there doesn't exist in physical form. Additionally, the players in the industrial silver market who buy it for consumption are serious about keeping quiet how much they buy and how tight the market is. If people knew, it would blow up their ability to keep buying cheap silver. It's used in a LOT of tech production.

>>20656264
imagine 1k per ounce i'll be a millionaire kek

>>20655240
>>20655179
Don't listen to these schizo autists. The dollar won't ever be backed by silver, we are going to a digital currency if anything

>>20657504

I would cum beneath myself if silver hit 1000$

I have a few kilos of those bad boys.

>>20656183
When we were on a gold/silver standard, wages were pretty steady for thousands of years. 80-140 troy ounces of silver was a skilled laborer's annual wages. So that anon has 11 years of middle class wages stocked up. Would do better than most.

>>20656179
fucking moron

>>20657540
I actually think you are right that any reset would be to a digital currency. That doesn't mean that gold/silver won't also be reset to traditional values either.

Apmex is the place to go, right?

>>20657504
>monster box worth over half a million
Lul

>>20653874
Yes, buy the ATH, what could possibly go wrong? Meanwhile oil stocks are still on sale

>>20657540

Hahaha. You think it's a coincidence, I presume, that silver soars from $19 to $23 in two days, directly after Eric Sprott demands delivery of one tenth of the world's annual silver supply.

https://kingworldnews.com/silver-short-squeeze-alert-sprott-silver-trust-to-purchase-1-5-billion-of-physical-silver-a-jaw-dropping-8-8-of-annual-global-production/

https://kingworldnews.com/this-is-the-real-reason-why-silver-is-up-over-6-today-plus-gold-sees-massive-breakout/

https://www.youtube.com/watch?v=n665orfBOqM

Loaded up last year, feeling pretty comfy.

>>20657775
holy fuck...o-okay anon...you got me...h-how m-much silver should i buy right now to be able to make it?

>>20653874
TFW you have 3 KG of XAU, feels orgasmic.