/biz/ - Business & Finance

So is there even any point buying paper gold or can they just keep doing this forever?

Buy women, the depreciate a bit slower than the 9% daily inflation

>>50520391
The next move up in gold is going to be violent and permanent

>>50520416
The implication is that if enough people (ideally institutions) notice, start buying up the physical gold, force the LBMA/COMEX to reveal they have no physical stored, which would then force the LBMA/COMEX to settle contracts through buying up remaining physical (or do a LME where they had a nickel squeeze recently, that's still being settled in the legal system), the price would then moon because the remaining holders wouldn't sell until they get a fair market price which we don't know what that is right now, could be 10K per oz, could be 100K per oz.

If I've missed anything, someone let me know but I think this is generally the idea behind the silver squeeze, only now we have irrefutable proof of this happening in gold.

>>50520416
>>50520460
This. Basel III will lead to price discovery later this decade.

>>50520745
two more weeks, huh?

>>50520391
Didn’t they already pay fines when they were found guilty of this before? Why would it ever stop? Also can someone post all their names and addresses.

the "house of cards" is gold's vastly inflated price. you retards are mad about banks pumping your bags LOL

>>50520794
>Also can someone post all their names and addresses.
kek

>>50520391
you know Mario Draghi, former ECB president and Italian president during the pandemic who just resigned and collapsed the italian government, he used to be chairman of the Financial Stability Board that they're talking about in OP picrel

>>50520770
It does seem very "2 more weeks" but when recessions/depressions happen, credit is extremely tight and eventually there is no more banker money left to even short the physical. At some point, it does break. I know this goes against the "accepted opinion" but banks can't infinitely print dollars because they run out of good collateral. Jeff Snider (Eurodollar University) has covered this a lot recently. Coincidentally the one thing he advised buying as a hedge against the incoming crash was gold.

>>50520460
>>50520875
how shameless do you have to be to run the comex-will-run-out-bro narrative for literally decades

just 2 more weeks, keep paying premiums my dudes

>>50520930
>literally decades
wut lol
Anyway you need to understand how the "money printing" exercise works, it works through collateral like bonds and commodities. Good quality collateral is becoming difficult for banks to find now, this is the true cause of recessions. This is also why the dollar keeps rising even when people expect the opposite through massive "money printing". You seem to lack IQ and a perspective on how any of this works, you can't change your IQ but you can do something about the lack of perspective/knowledge.

>>50520964
>instant jump to "ur dumb"
you're a scammer and a faggot
cope with your rock bags

(((derivatives)))

>>50520930
How pathetic do you have to be to shill every time this topic comes up like a well trained and summoned dog?

>>50521026
it's a bitcoin/luna/celsius/3ac/etc baggie coping

u goys underestimate how dumb and forgetful u are. next week this will be hushed up and u will move on sucking on your onions bug juice.

Thanks just bought another oz

>>50520794
>Why would it ever stop?
They can't just keep swallowing billions of dollars in fines.
Eventually I would assume there will be new oversight as well since it's become obvious the major players don't give a damn about the law.

>>50520391
It never was a theory, didn't JPM pay a fine for doing it? Only problem is what the fuck can you do about. They'll just shrug off all the fines and keep fucking you in the ass

>>50521223
>Only problem is what the fuck can you do about.
Agreed, this is why I said we just wait for the day they run out of collateral to print money against and their derivative market breaks.
And again, as I said, this is precisely what is happening right now.
The eurodollar futures curve is signalling an extreme collateral crisis. Go look up those symbols on tradingview and see for yourself. Nothing is hidden, people just don't know where to look.

The real fun starts around Jan 2023, I know the usual "2 more weeks" fags are gonna 2moreweeks this but we're months away from the moment of truth.

Pal, rigging prices to undermine countries is just part of their culture

>>50521256
>run out of collateral to print money against
When that happens, rules for collateral change and everyone plays along. Banks don't need reserves anymore to print infinite loans, did the market break when reserve requirements were dropped or did everyone just play along?

>>50521298
Did you notice the unprecedented drop in the euro$ futures? That's completely uncharted territory, and the panic it's already causing is proof that it won't just "everyone plays along".

>>50521287
Jamie Dimon is a Greek. This ceased being about race a long, long time ago. It's the elite rich vs everyone else. Your elite won't save you just because you have the same skin color as them is what I'm saying. I thought Americans had realized that after Trumps 4 years of Israeli-cum-slurping?

>>50520770
No. It will happen slowly over the next 6 years, but will end with a parabolic move in precious metals.

>>50521373
>next 6 months
Shit's gonna get real by EOY 2022.

>>50521328
>the panic it's already causing
What panic

>>50521402
Oh y'know, the one where the SPX is down 25%. Just a little panic hehe.

>>50521379
I'm not saying we won't see $2500-$3000 gold and $50 silver in the next 6 to 12 months. We very well may. But if that happens, it will be a cycle top and it will then do a correction and retest.

$5000+ gold and triple digit silver is still 6 years away. Shit doesn't go up in a straight line.

>>50521473
Of course that's probable, nothing goes up vertically.
Idk about 6 yrs, anyone can say anything about 6 yrs out but okay. I'm saying we have a near-term liquidity crisis and that we're going to see markets breaking hard the further we go into 2023. I also feel like your gold/silver predictions are about right but I also feel like this won't play out fully until the end of 2023 and the world may look different then.

>>50520391
Has been for decades you fucking retard

Nobody cares.

>>50520460
>If I've missed anything, someone let me know
The LBMA and LME tapped out because they can't source enough physical to meet demand. The Comex is the only institution left standing and it will fail here shortly as well. The house of cards is falling down~

>>50520391
>Russian
Wartime propaganda and fifth column

>>50520434
the levels of degeneracy it has to be britain

>>50521361
Most of the trash you call elites are jews, crypto jews and shabbosgoys. You have no idea how many cryptojews there are in Europe after muh six million changed their names to European to pull holohoax

>>50521430
It literally nothing, it could drop further and still be at pre 2020 levels

>>50522234
Sorry boomer fucktard I wasn't around in the 70s

>>50520460

Comex will never be allowed to default (((((THEY))))) will halt trading in Gold/Silver to prevent that. just like they did with Nickel during the start of the Russia Ukraine war until new caps are put in place

See you all at $1200

>>50520391
This is literally typed in a word pad.

It doesn't reveal any evidence.

>>50521061
That pic is pure gold. Made me kek.

>>50520442
no it won’t. gold is 100% controlled from production to markets.

>>50520976
>>50520930
>>50520815

I wonder who could be behind these posts

>>50520391
The same exact thing happens in the silver market.

Visit some SETF threads sometimes fren, the entire financial system is doing everything they can to keep the price of both gold and silver low.

>>50525509
>Visit some SETF threads sometimes fren
I used to but the IQ is extremely low in there nowadays. /biz/pol/ generally seems way dumber than it used to be which is saying something.
I'll get shit for admitting what people already know inwardly but reddit and twitter actually make this place seem intelligent even though they have their share of fucktards.
I like the idea of going everywhere and just taking the best out of what i see.

>>50520964
>Good quality collateral is becoming difficult for banks to find now
why do you think they're pushing green energy meme? they will use carbon credits as collateral. once than doesn't work they will come up with some other retarded asset. rinse and repeat.

>>50525690
>they will use carbon credits as collateral
I don't think you understand how collateral works.

>>50526479
it doesn't matter. they can put used napkins up as a collateral and nobody will care which is my point.

>>50521026
>>50521051
>>50523946
t. scammers
>>50522828
no wonder you fall for the scam if you can't look back in time past the 21st century. jesus what a stupid comment

>>50520460
The overlords have unlimited gold and have thrived through the ages when gold was used.

inb4 transmuting metals is a meme

>>50527364
I've lost 10% while you've lost 30-60% you will lose another 20-50% and I will gain another 10-50%

>>50527297
>nobody will care which is my point
that's where you're wrong, retard.

>>50527827
if i was wrong there would be no middle class anymore yet here we are.

>>50527969
how are you this oblivious? there is no middle class for all intents and purposes, it's been ground into dust. that's avoiding the point though, you don't understand anything related to this thread, go away and come back after puberty, little boy.

This has been one of the worst kept secrets for a long time now. I'm not even a goldbug, but it has been obvious for awhile that all the paper gold was a ponzi. Silver is still a shitty meme, but gold will always have real value.

>>50528004
how about you explain why i'm wrong instead of insulting me then?

>>50528046
>>50527969
The idea the middle is disappearing has been discussed the last 20 years. This is the reason middle class casual restaurants and department stores went out of business or are struggling now, while low class fast food and walmart are growing. You can literally google this and find actual documentaries on the subject.

>>50522234
1pbtid.

The best thing about the Russian/Ukraine war is that the West was mostly bluffing on everything they ever wielded as a weapon, including finance. This is just part of that.

>>50520460
>could be 10K per oz, could be 100K per oz.
They s sounds erily familiar to weimer.
When I flatiron first hit people where excited because they thought they where rich.
If gold hits 100k per ounce soany people will celebrate and cash in...only to discover 3 weeks later that cash doesn't mean shit anymore.

>>50520815
1 oz = 1 oz
It's measure in fiat isn't a reflection on the value of gold. It's a reflection on the value of the fiat numbnuts.

>>50520391
it's been out in the open for like 3 years

>>50529496
which is why i'll keep buying no matter the price

>>50529496
It hit that much in Weimar because cash was already shit. No one in Weimar would trade their PMs for fiat when your having hyper inflation. Your post is incredibly wrong.

>>50529531
Underrated

>>50529611
I deleted my post because of typos, not because it was wrong.
You are talking about AFTER everyone realized their money was hyper inflated. I'm talking just as it happened.
When it first hit EVERYONE was dumping their commodities for fiat because they all thought they had finally struck it rich.
Yes afterwards no one would trade their PM's. But for the first month or so when the true price of gold was revealed you couldn't get rid of your gold fast enough.
I'm pointing out that it's going to happen again.
>Price corrects to 10k an oz.
>Every boomer and normie with some pm dumps it because "muh money"
Everyone is now "rich"
>Demand for goods skyrockets because everyone has "money"
>Supply can't keep up, prices skyrocket
1 loaf of bread costs 5k
This ^^^^ is almost test book how hyperinflation kicks off. It's happened in Weimar and it will happen here.
When pm's correct don't sell. You'll regret it.

>>50529675
Just saying, there is a reason we call it, "The Gold Standard"
The amount of gold it takes to purchase a commodity 100 years ago is almost exactly the same amount of gold it would take to purchase a commodity today. Same with silver. The phone ice of commodities never go "up". It's the value of the fiat that went "down". Picrel is a good visual representation of what I am talking about.

>>50529675
Desu THE greatest psyop ever pulled by tptb was to convince people to measure gold by how much fiat you can get for it instead of measuring fiat by how gold it can be traded for.
>Wow muh gold is worth a lot of money!
No koala brain. Your money is worth very little gold.

>>50529717
The only reason I would sell would be to quickly flip for some land and a home. What’s coming is the collapse of globalization and with it cheap food and products. Mix in some population decline and it becomes worse. This is the reason why roe v wade was overturned not because the judges care what some book says or about states rights. It’s to force Americans to have children again so that the country doesn’t collapse in 20 years. If anyone is reading this buy precious metals, guns/ammo, and land. Build your community to have strong bonds.

>>50520434
Ngl, that was the most no-homo dude kiss I think I've ever seen

>JP Morgan found guilty of manipulating precious metals
>Years later they're STILL in charge of the COMEX and have position limits way larger than is legally allowed by a single entity

There's no justice in this world.

>>50529759
Shouldn't it take less gold for most commodities due to the massive increases in productivity in the last century?
Was there a change in cost for commodities between 1800 and 1900? I feel like Smith talked about this at least in relation to grain.

Syscon will never run into inordinate fees as experienced by others. A transaction that could cost 100 dollars on the ethereum platform under enough congestion would only be a fraction of a cent under the same conditions on the syscon platform.

>>50520815
>the "house of cards" is gold's vastly inflated price
>banks create a glut of artificial supply
>durrr if you remove the banks imaginary gold the price of real gold will go down
Dude, you fucking what?

>>50531379
>Shouldn't it take less
that image shows a corvette today costs 110 oz less silver than it did in the 50s

>>50520391

>>50531800
That's a 2.5% difference. I would expect it to be much greater which would suggest that silver (and gold) is undervalued today.

>>50531963
>would suggest that silver (and gold) is undervalued today.
oh yeah, I absolutely agree. Silver contracts are like 4 times greater than the actual metal totals.
I don't pay as much attention to gold but it must be similarly spectacular.

>>50531963
Small decrease but vast increase in resources which went in to it. So you are getting much more for 2.5% less.

The depressed price of gold lives rent free in my head

>>50520391
So when is the class action lawsuit?

>>50523070
God I hope so!

>>50520434
Actually a good friend to not hit him over the back like he wanted. Don’t know what they were expecting but there was no way that chair was gonna break

Bump

Just read the article
>>50520815
This is CORRECT
>>50520460
>>50531685
These are INCORRECT, irrelevant posts who don't seem to have read or understood the article
/biz/ stays exceptionally retarded. Enjoy getting rekt boomers

>>50536532
Yid

JPM didn't do much wrong with the spoofing stuff. It was the only way they could beat the algos that had started to dominate the market.

>>50520434
he even hit with the sharp side inside his back. could've ended up in the wheelchair.

>>50538574
Actually agree with this in a contrarian way. Precious metals derivatives should just be illegal.

>>50520391
Of course, everyone knows Gold should be $1,000,000 an oz due to insane gov money printing but it's held down by people that rhyme with "news"

>>50540523
Yes, the zany and original take no one on 4chan has ever heard before, the Jews are responsible for everything, there aren't people of European descent out there like Jamie Dimon (CEO of JPM, the subject of the spoofing fraud) who are doing anything, no they are good bois who dindu nuffin.

>>50520391
I'm thinking about some of that "Tinder box" if you know what I mean

>>50525562
I feel like most people watching this play out are extremely low IQ. In my opinion twitter is the best. WSS has the absolute lowest IQ posters. PMG and CMMG are ok sometimes. It’s frustrating but I work in the industry so maybe I expect too much. Anyways thanks for a real article.

>>50541432
>I feel like most people watching this play out are extremely low IQ.
You're not wrong, anon.
"Misery acquaints a man with strange bedfellows"

>>50538574
Oh those poor bankers having to spoof because of those mean algos.

>>50540564
2% of the population. 2000% over representation in media banking, finance, government and law. You are either a normie retard or a shill. Get fucked.

>>50542393
I'm not absolving Da Joos of their crimes, idiot. I'm saying if we don't realize the enemy in our midst, then it won't matter if we *just* deal with Duh Joooz, because the enemy won't entirely have been dealt with. Fucktards like you want to leave the enemy in our midst alive. Kill yourself.

>>50540564
>”Jarvis, go to Early Life”

>>50523830
>no it won’t. gold is 100% controlled from production to markets.
even the most manipulated markets have to moon to price people out if enough are demanding physical
otherwise gold would still be $50/oz
we all know fair value is much higher
the moment it becomes a more profitable macro move to mark-up and price out plebs than it does to continue suppression, it will happen

>>50536532
No reasoning, no logic, no arguments, just caps lock ITS CORRECT THAT GOLD WILL GO DOWN, ITS INCORRECT THAT GOLD IS UNDERVALUED
lmao gold is going over 2k by eoy, 5k by 2025

>>50543986
He's greek you dunce.

>>50521361
>le race is skin color strawman
the top of the ladder is jews and shabbos goys

>>50520460
They will remove the buy button before that happens, if they're smart enough. Even if they did a load of naked short selling, all they will do is say there's a delay, then send off the next batch of silver that was recently mined. People will complain that their silver is taking forever to get to them, but within a couple of months everyone will get their silver.

>>50521192
Sure they can, they just take more from the money printer anyway

>>50520849
>collapsed the italian government

How so

>>50520391
I've been saying this for years.

Think about it: Why would they spend millions in advertisements pressuring poeple to trade worthless fiat dollars for their valuable gold? Do you honestly think they're doing this out of the good of their hearts? The whole mas advertising campaign never set well with me. They used those worthless dollars to buy valuable property.

>2 more weeks bro!! Silver going to 1 million dollars an ounce!! Once the Comex scam is #exposed we going to be rich

..

>>50520391
BITCOIN CONFIRMED THE NEW GOLD

WAGMI!