/biz/ - Business & Finance

My maximum tinfoil explanation is that according to the Torah, every 50 years the Hebrews were required to have a complete debt jubilee. American money became nothing but debt in 1971 when Nixon "temporarily" pulled the USD off its gold peg to stop Europeans from cashing out their dollars for gold. 2021 will be 50 years after 1971. Sure is strange that banks were buying up huge chunks of PM miners while suppressing the price of the actual commodity with its derivative, huh?

>>22839531

>>22825231
Yep. Jamie plays the front man and buys metal for the government, he gets to pocket some of it, and the US doesn't have to explain why its buying metal. Why else do you think they're getting slapped on the wrist for manipulation? That's part of the deal. JPM keeps the price low and stacks on the cheap, until such time as the neodollar is unveiled.

New monetary standard is coming. The Europeans have been distributing gold evenly among their national banks since the 1970s in a play to get out from under the USD. Real yields on Tbonds are now negative, and will never be allowed to rise by a Fed that is openly discussing YCC on its website (and doing YCC in practice buy doing QE infinity and just buying up all the bonds it can to suppress the yield that way). We're going to print the dollar to shit, pay down all the debts we have in garbage money, and start over with a currency that people will only trust because its backed on something real.

My question is this: does Trump push his plan for a PM backed currency before or after the election? Also, is 1oz gold, 1oz plat, and 230oz silver enough to cash out in the neoshekel and make the equivalent of 30k a year in bluechip derivatives?

The Euros have been pining for a return to gold for decades in order to get out from under the USD. Its why their banks have been moving gold between them to even out their holdings, so that its perceived as fair in Europe since each bank has similar reserves.

>Hey google, why is a pound sterling called that in old British books?

>>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

>>20552701

>>20460338
If OP really wants to scratch that Scrooge McDuck itch though, he may want to look into buying $100 face value sacks of old american coins (pre 1964) that contain 90% silver by weight. Every $10 in face value of those contains abour 7.7 troy ounces of silver. Or you can get more coins for you money by getting 40% silver Kennedy half dollars. A $100 face value bag of those is cheaper (and harder to unload later) and contains 28.5 troy ounces of silver.

Hey PMG bro, do you think Judy Shelton is going to be the gold standard maniac we need?

>>20235501

>>20180251
I too am pretty tickled by the potential of a gold vs silver war... And yes fellow copperfags, that metal is fun to have as well. Just remember the space it takes up to compete

Stage 3 skiddledeedee

>>19756292
Stop parroting everything you hear, and consider that your normie friends aren't interested in actually learning things and don't have good advice because of it. JPM has been shorting silver via ETF for a decade now, while buying up literal tons of the metal. They had 3 guys plead guilty to doing it. They're sitting on a dragon hoard of metal, refusing to do anything with it for over 10 years. So either they make all their decisions based on a Ouija board, or they know something you don't. Also, in what world is storage a problem for silver ETFs? One of the big problems is that rather than just provide liquidity, there are 170 paper ounces of silver in the ETF for every real one. This massively lowers the spot price for silver, which would otherwise be higher, even in a world where it was only used for industrial purposes.

>>19755200
Commodities are the only undervalued thing left right now. Silver is historically undervalued compared to gold right now. Industrial use only matters in the absence of monetization, which is likely coming soon. Wouldn't be the first time debased currency gets replaced.

>>19629192
That part of the post is the writing messing up I assume. The problem with talking about unmined reserves is that it runs on the basis of current technology, and even our deepest operations aren't anywhere close to the mantle. There really is a limit in terms of mining depth for human survival based on heat and pressure, and beyond that limits to what unmanned machines can do. The thing with silver mining is that a large portion of it comes as a byproduct of base metals mining, so when the price of silver is low (like it is now) you can't afford to run the mines in Mexico and Peru that purely extract silver. We also can make very good estimates about planet compositions, and we do it for places beside earth all the time. Its not really a question of when we run out of silver in teh ground, but when we run out of silver we can actually reach, and when we run out of silver ore that it makes financial sense to reach.

As far as making more and more products that need silver, I don't really buy it since we recycle PMs out of electronic scrap. But you better start believing in conspiracy theories dude, you live in one. Any reasonable society would have hung the people who started the Federal Reserve. Money printing is already theft against your cash savings, why not just drop their money to zero as the prestige of the vanishing act?

As to the last point, its funny you should ask that, since JPM ate up a fucking massive share of the physical silver starting in the aftermath of subprime. They have been buying it up, while keeping price low, so you don't catch on, and they can get it on a discount.

HONK HONK HONK

>>19565951
>>19566015
>>19566034
I can see BRICS nations attempting a gold backed system as Russian and China have allegedly been salting away as much gold as they can get. The problem is getting people outside your system to trust any money issued and orchestrated by China. This of course assumes China still exists as a single nation at that point.

I see the US forcing its allies onto silver. I'm almost sold on the conspiracy where JPM was stockpiling silver for the US gov. What bank holds rocks for over a decade? We're also going to be working more closely with Mexico as they take over some of what China used to do for us, and they're sitting on a FUCK LOAD of silver ore.

>>19566049
In the coming global order, France is the only place in Europe without a terminal demography, and the access militarily to go on African colonial adventures again. They're the coming strong man of that continent. The US will only be interested in the UK and maybe Poland. Germany can beg to hang out in Russia's sphere of influence if they'll have them. All of their high value workforce will flee the country like they did in the 1800s. Enjoy the brain drain, Hans.

>>19544237
That's what this guy says, and I'm honestly starting to habeeb that JPM was a ghost buyer for silver for the federal government. See pic rel. Its pretty crazy, but it would be an off-ramp for the US if they hyperinflated the dollar, then immediately introduced a new metal backed money.

>>19532785
It would take the worlds most trusted (I.E. default reserve) fiat currency crashing and burning Zimbabwe style, followed by at least one powerful nation revealing that it was sitting on a colossal pile of PMs and was introducing a new FEDCOIN that was backed by those PMs.

All the east of use of trading blockchain style, but actually backed by intrinsic value, where the market cap could be raised alongside the mining rate.

>>19524978
>silver as collateral for CBDC (central bank digital currencies)
Exactly.
This is the conclusion i came up with a while back, picrel (thx to the anon who screencaped it btw), glad to see others like-minded big-IQ frens also agree on the matter.
To me it's the only outcome possible. If you add up Chile + Mexico + Peru + Argentina + Bolivia you end up with 5 out of the 10 biggest silver producer worlwide. And a 6th with the US. All within rocket range and potentially under the US "protection" and regulation. An American Silver Alliance with these countries would easily make up for 65% of the worldwide production. We could see a special big ALENA treaty with the global american currency.
Remember the amero during the 90s?
https://en.wikipedia.org/wiki/North_American_monetary_union
This (NWO) plan is literally unfolding under our very eyes in secrecy. The american equivalent of the euro, with a basket of digital currencies all using silver as standard and with a hyperledger under the supervision of a newly created american central bank.

>>19386522
The speculation is that they weren't snapping it all up to corner the market for themselves, but acting as a buyer for an entity that has the ability to store such a colossal volume securely and also has the pockets to sit on the metal for over a decade without trying to profit on it in that time.

Of course this is all wild speculation right now. Go ask to audit your local US military base's secured storage and see what happens.

>>19378036
There will be no moon

>>19356037
>Gold and silver backed federal crypto incoming.