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22312769 No.22312769 [Reply] [Original]

Are we returning to a gold standard or is it just schizos saying it will happen?

>> No.22312801

>>22312769
You can’t print gold, so....

>> No.22312805

historically we always return to sound money

>> No.22312813
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22312813

Us schizos have been predicting this whole global economic collapse into a gold standard for decades, and we will continue to do so for as many decades as it takes.

>> No.22312817

>>22312769
Trump wants to beat Andrew Jacksons score for paying off the national debt.

>> No.22312856

That is one option.

Another option is a fed crypto coin that auto inflates to get to you spend it.

Another option is continue with current monetary tools and embrace secular stagnation.

>> No.22312859

>>22312769
If anyone is going to do it, my money is on the guy who has lived in a golden tower his whole life

>> No.22312873

Literally never happening the dollars going digital within 2 years

>> No.22312894

For the first time in known history, currency can be digital. We will return to a scarce, custodial form of money when the fiat ponzi is over, but this time it will be digital. Any guesses what everything will be backed by this time?

>> No.22312926
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22312926

>>22312769
On the one hand it does sound like conspiracy garbage. On the other, so does half the news stories that are currently ongoing anyway, so fuck it.

We know for sure that the Euros have been stockpiling gold and distributing it between national banks in an even manner, seemingly so that it wouldn't be seen as 'unfair' to the member states if they opted for a gold backed currency union. They've been stocking since the 1970s explicitly to one day get off the USD. We know the US is in a debt trap that must result in the death of the USD, though it may limp along long enough to watch all other fiats die out it must eventually be discarded. There's also been all the chatter at the IMF about 'a great reset', and my tinfoil hat is tight enough that I think a biblical debt jubilee (which Hebrew law says must be done every 50 years) could be in the cards considering the US finally abandoned gold backing in 1971 and it's getting on 2021.

There's also the elephant in the room question for the banks hoarding silver: Why the fuck are they sitting on physical assets for 10 years, never flipping them, but using paper instruments to keep the price low while buying more?

>> No.22312946

>>22312817
>trump wants to pay off the national debt
>literally added more debt under trump than all previous presidents combined

>> No.22312985

>>22312926
Can you explain how they use paper to suppress price? Do they essentially create artificial supply?

>> No.22313382

>>22312926
germany has shittons of gold, then italy then no meaningful reserves in euroland

>> No.22313390

>>22312946
Yeah its all part of the plan

>> No.22313393

>>22312769
New gold standard might unironically be MPC cryptos like ARPA
Think about the future

>> No.22313438
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22313438

>>22312985
That's a can of worms, but basically, when Lehman Bros failed in the aftermath of 2008 JPM inherited a lot of their positions, one of which was a massive short position on silver futures contracts. These contracts are traded in the US on the COMEX. Now in a lot of futures markets plenty of people buy futures never intending to take delivery of the wheat or pork bellies, but to sell it later and make a profit. However, in the silver (and also the gold) ETF markets, the overwhelming majority of contracts were never 'cashed out' and the metal was never turned over to someone. Instead a lot of the contracts simply get rolled over so they can continue to be traded. Due to 'fractional lending' and 'non-allocated bullion' shenanigans there are are about 180 'paper ounces' of silver traded for every 1 ounce that exists in vault storage. Additionally, the custodians of SLV and GLD (JPM and HSBC respectively) are allowed to break the COMEX's rules about owning fuck tons of shares in the markets they are supposed to be overseeing.

For a long time, JPM was allowed to use their huge market share to essentially make the prices; slamming it down to buy cheap (or even just willing more contracts into existence, because who's gonna catch them if they're the custodian?) and selling high. They were also able to accumulate a large amount of the physical metal for their own vaults this way at a discount. This worked fine until recently when suddenly the spot price of silver hit $13 but physical metal was $30. Suddenly there was an obvious opportunity to demand delivery on COMEX if you had a contract and sell it immediately for a profit. JPM lost millions of dollars in silver out of their house COMEX account until they had to let the price rise to ~$25 to stop the arbitrage bleeding. Latest news is the some are still demanding delivery of the metal instead of rolling contracts, and COMEX is taking CHINESE 'silver' to meet demand now, so they are desperate for metal.

>> No.22313443

>>22312894
Yeah every government and central bank is totally going to buy BTC after it already went 10,000x and they are going to pump your bags bigly.

They definitely aren't going to spin off their own Bitcoin that they control the majority of.

>> No.22313466
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22313466

>>22313382
You would think so, but this is changing rapidly. COVID response slowed down a lot of industries, but the finance world has kicked into overdrive now that they have much less time to prepare for the next depression.
https://www.voimagold.com/insight/europe-has-been-preparing-a-global-gold-standard-since-the-1970s

>> No.22313491

>>22312873
Hurrrrr we just keep making money never learning a lesson hurrr

>> No.22313518

>>22312769
we're in the middle of a war, whoever wins will issue a currency, backed by the gun.

>> No.22313610

>>22313443
When you bought, you were pumping their bags

>> No.22314205

>>22312946
the national debt hasn't doubled while he's been in office, so clearly he hasn't added more than all the other presidents combined.

>> No.22314221

>>22312769
won't happen its schizo talk

>> No.22314238

>>22313390
you sound like an sv cuck

>> No.22314264
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22314264

>>22314205
You missed his joke anon. Jackson killed the bank. If you're a real madman you hyper-inflate your currency deliberately and pay down all your debt for free since its denominated in now worthless dollars. Of course this immediately ruins any goodwill or trust anyone had for your nation's economy, so you'd be forced to trade in something internationally recognized.

>> No.22314266

>>22313518
>have guns and ammo
>buy metals
READY 2 ROLL

>> No.22314280

>>22313466
> Deprived of waging
Do military cucks really
>>22313438
> COOMEX
milk spots on the silver! Again!

>> No.22314282

>>22313438
>180 'paper ounces' of silver traded for every 1 ounce that exists
ok so you are telling me to invest in cryptos

>> No.22314293

>>22314264
>something internationally recognized
cryptos

>> No.22314327

>>22312985

>>Can you explain how they use paper to suppress price? Do they essentially create artificial supply?

>>22313438 has explained it very well in text, but be sure to watch this video also:

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

Craig Hemke explained how the shorting mechanism works, and why it would fail, only a few days before silver broke out of a 10-year range-boundary and soared from $18 to $29.

>> No.22314358

>>22314282
>>22314293

Crypto is a scam propped up by tether. When the COMEX breaks, silver will soar. When tether is exposed, crypto people will be stampeding for the exit. It's already starting.

>> No.22314381

>>22312985

Thought I would add to this that the COMEX is suspected to have already de facto defaulted, and there is probably no more silver left there. When people realize this, there is going to be a mass panic. Kirian van Hest was the first to point out that the numbers don't add up, but the knowledge has even reached mainstream websites like Yahoo Finance now.

https://www.youtube.com/watch?v=wIjaoRVgOk0&ab_channel=PalisadeRadio

https://finance.yahoo.com/news/comex-gold-silver-futures-market-075448755.html

>> No.22314494

>>22314358
lol phyiscal silver market cap is insignifacant compared to paper silver by your own admission just as tether market cap is insignificant compared to bitcoin let alone total crypto market cap.
fuck off retard!

>> No.22314512
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22314512

>>22314358
RREEEEEEEEE CRYPTO IS SEPERATE FROM BOOMER SHIT REEEEEEEE NOOOOOOOO

>> No.22314563

>>22312856
>auto inflates to get to you spend it
As if the FED won't build in something there that would allow them to manually inflate.
Inflation as a way to make people spend is a meme.

We already need food, water, shelter, car maintenance, house maintenance and other things that require upkeep. People will spend money and currency if left alone. Leave the currency alone as well. Return to sound money.

>> No.22314667
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22314667

>>22314494
He's trying, very patiently, to help you understand that the market cap for the silver ETF being so much higher than that of the underlying asset was not the results of healthy market. That level of disconnect was only allowed to occur because the custodians of the ETF were also the biggest shareholders and were allowed to hilariously abuse that authority. This is a market where you could only really make consistent trades by being an insider, right up until a sudden demand spike made a system built on massive naked shorts hyper-precarious for the first time in over a decade. It worked until it suddenly didn't.

The principles there also apply to the entire crypto space. Everything trades along fine and everyone ignores the Tether sized elephant in the room until it takes a huge shit on the floor. I thought that the PM paper market was bad for manipulation, but the fact is the entire crypto sector is a bunch of speculators trying to out P&D everyone else should have made you aware of what a time bomb Tether really is.

>> No.22314762

>>22314358
Crypto is propped up by legitimate scarcity. Gold is stockpiled and hidden so the market can be manipulated without anyone knowing the true capacity of the system. You can't do that with crypto. No jewish magic tricks allowed.

>> No.22314789

>>22314667
>He's trying, very patiently, to help you understand that the market cap for the silver ETF being so much higher than that of the underlying asset was not the results of healthy market.
lol you are a fucking brainlet if you are trying to explain that to /biz/ everybody and his mother here knows this already.
>Tether sized elephant in the room
so a mouse or maybe cricket sized elephant?

>> No.22314795

>>22312801
You can print the money that you exchange for gold.

>> No.22314822

>>22312801
technically you can it's just expensive.
it requires bombing lead sheets with protons in a particle accelerator.

>> No.22314834

>>22313491
What's wrong with just printing more?

>> No.22314882

>>22314667
>>22314789
Found the schizo.

>> No.22314920

>>22314762
While the amount of crypto out is not hidden. Isn't it's price still dictated by the velocity of it's exchange regardless potential for store of wealth?

What I mean is, people aren't gonna be buying crypto for what it's worth rather for what the sellers are willing to sell it at.

>> No.22315573

>>22314381
Are you the SILJ anon? If so, can you give us an estimate on when you think the US market may crash and the silver price will soar?

>> No.22315643

>>22312813
based

>> No.22316173

>>22312813
Who makes that silver bar? It's A E S T H E T I C

>> No.22316197
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22316197

>>22312769
shall we make it the LOKI standard?

>> No.22316198

>>22312813

Damn that silber is looking wunderbar

>> No.22316519

>>22314264
Where will he get the money to do that?
There is no velocity to our money, so none of it goeing to the IRS. People get their stimulus checks and pay them right to the bank, if anything he's just keeping them open longer.

>> No.22316558
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22316558

>>22312769
Yes, we will have to mail gold to amazon and wait 5 days for settlement before they ship our packages. And if you live in shitistan, you wait 1 year for clearance

>> No.22317194

>>22314920
>what the sellers are willing to sell it at
There's always sellers and arbitrages on crypto, since it's so easy to transact, you only need a internet connection (even packet radio can work) and that's it, you can sell really small fractions of it so you aren't chained by units, the only real limit to trading bitcoin are tx fees
You can look at how BTC was traded with little premium in Venezuela during the 2016-2017 hyperinflation peak compared to physical gold that was traded at ridiculous discounts, BTC arbitrage doesn't break easily since it's propped by real buyers and sellers, and not under heavy control of banks and regulators
This applies to other coins too

>> No.22317231

>>22312769
Ever ever going to happen because gold is heavy as fuck
Most likely is fiat will tumble and we will get state-backed crypto as national currencies, with the Crypto market taking over the Forex market