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By the way, if you guys aren't real good at math...........That dilution equates to about 135,000 dollars in 1 month and 11 days. So at 135,000 per month after 12 months that will be 1.6 million dollars.
Who is buying that dilution? And where is that dilution going?
I know where. It says where right here:
https://ih.advfn.com/stock-market/USOTC/vnue-pk-VNUE/stock-news/92611687/form-10-q-quarterly-report-sections-13-or-15d
"During the year ending December 31, 2019, the Company issued new notes payable of $53,331, and $23,102 of notes and accrued interest were converted into 100,000,000 shares of common stock. The balance of the notes outstanding on December 31, 2019 was $339,010. As of December 31, 2019, $285,679 of these notes were past due. As of September 30, 2023, all of the Golock notes amounting to $339,011 were past due.
As a result, Golock has assessed the Company additional penalties and interest of $1,172,782."
"On June 16, 2023, the Court entered an order awarding (a) $1,218,897.62 in favor of Golock, and (b) $268,211.18 in favor of DBW. On July 5, 2023, the Court entered an order awarding Golock and DBW $223,328.20 in attorney’s fees and costs."
But of course the 27 dollars they earned from selling Matchbox 20 CDs will cover this.............
The end is always right around the corner isn't it?
But never arrives......
What happened to the Iran Israel war? I thought that was the end?
You may want to change who you listen to. You are so certain, but always wrong.
I am glad that you guys are now watching and paying attention. I have been watching these for nearly 10 years. You guys are surprised that they are moving contracts forward, but they do this every other month like clockwork. I am sure they leave the actual physical deliveries for last.
We'll see how this plays out for the rest of the month. Maybe this is the time that they let the SLV price rise a little. Maybe the new range will be 25-30. I do not know. But one thing I am certain of, they are in control of the price and will not let it get out of control.
Wherever they want the price, that is where it will be.
They have not been using much in terms of contracts to smash the price lower:
https://www.cmegroup.com/markets/metals/precious/silver.volume.html
The last real volume was on the 12th and it has been going down since. And the open interest line is falling.
Perhaps this down move won't be as large as usual. All we can do is watch and try to figure out what the channel will be. They may still smash it down. But as you say, there are not many contracts left to fill for May. 750x5000=3,750,000 ounces at 26.50 = 99,375,000 dollars worth of silver. So we are still at 100 million dollars worth of silver that needs to be delivered for May.
This is the Biden administrations head economic advisors trying to explain why our Govt borrows our currency into existence:
https://www.zerohedge.com/economics/watch-bidens-head-economic-advisors-try-explain-government-borrowing
This guy has not idea what the hell he is taking about. Studder studder, stammer stammer, he has no idea what he is talking about. LOL. And this is the head economic advisor!
What the actual hell!
Uh......Duh. The dollar is backed by bonds. And bond holders make money off the bonds. Interest is made off the bonds that were created in exchange for dollars.
If you want a position in government, simply have no idea what you are talking about or doing and you are in!
A few things here.
1) They have the entire month of May to fill the May contracts. I believe they are due when the contract was created in May of last year.
2) I believe that a lot of the contracts you see moving forward are fictitious. I don't think that they were ever created to really be delivered. I think it is simply a paper/digit game they play. Kicking the can down the road.
3) I believe that a lot of the contracts moving forward are contracts that were created, but the companies do not need delivery because the economy sucks. The demand for silver is low.
So I think the remaining contracts after all the moving, are actual PHYSICAL contracts. They leave those for LAST!
So let's look at the numbers where we stand now.
19,976 contracts left for May as of now. 124,766 moved to July now.
So 19,976 contracts x 5000 ounces per contract = 99,880,000 ounces of physical silver.
99,880,000 ounces X 27 dollars = 2,696,760,000. So 2.5 BILLION dollars worth of silver at 27 bucks.
Again if the contract was created at 23 1 year ago (And I'm not sure what the settle prices were from 1 year ago) that is a 4 dollar difference.
99,880,000 ounces x 4 dollar difference = $399,520,000
So if the contracts were settled at 23 and they have to buy at 27 to fill physical contracts they have a 400 million dollar loss.
So I believe that throughout the month of May the price of silver will go down until all those contracts clear out.
The actual physical contracts that need to be delivered are left for last.
300 huh?
Math time.
Say you take a thousand ounces of silver to the little corner shop to sell your silver.
Silver goes to 300 and you take 1000 ounces to your little corner metal shop to sell. 300 x 1000 = $300,000
Where are you going to go to sell your 1000 ounces at 300 dollars an ounce? Where is mom and pop going to come up with 300K to give you. Not to mention the line of 10 others outside . Do they have 3 million dollars on hand to hand out?
Silver will be back down within a month
Yeah solid:
"We will need additional funds to complete further development of our business plan to achieve a sustainable level where ongoing operations can be funded out of revenues. We anticipate that we must raise $2,500,000 for our operations for the next 18 months, and $15,000,000 to $20,000,000 million to fully implement our business plan to its fullest potential and achieve our growth plans, including new initiatives. There is no assurance that any additional financing will be available or, if available, on terms that will be acceptable to us. Our failure to obtain future financing or to produce levels of revenue to meet our financial needs could result in our inability to continue as a going concern, and, as a result, our investors could lose their entire investment."
"Our existing stockholders will experience significant dilution from the sale of our common stock pursuant to the GHS Financing Agreement."
"The sale of our common stock to GHS Investments LLC (“GHS”) in accordance with the GHS Financing Agreement will have a dilutive impact on our shareholders. As a result, the market price of our common stock could decline. In addition, the lower our stock price is at the time we exercise our put options, the more shares of our common stock we will have to issue to GHS in order to exercise a put under the Financing Agreement. If our stock price decreases, then our existing shareholders would experience greater dilution for any given dollar amount raised through the offering."
"On September 29, 2021, Golock Capital, LLC (“Golock”) and DBW Investments, LLC (“DBW”) (Golock and DBW together, the “Golock Plaintiffs”) commenced an action against the Company in the United States District Court for the Southern District of New York. The Golock Plaintiffs alleged that the Company was in breach of certain convertible promissory notes, securities purchase agreements and common stock warrants.
Following a bench trial, on June 1, 2023, the District Court ruled in the Golock Plaintiffs’ favor on its breach of contract claims and against the Company. On the same day, the Company appealed the District Court’s decision to the United States Court of Appeals for the Second Circuit (“Second Circuit”).
On June 16, 2023, the District Court entered a judgment in the Golock Plaintiffs’ favor and against the Company for: (1) $1,218,897.62 in favor of Golock, and (2) $268,211.18 in favor of DBW.
On July 5, 2023, the District Court entered an amended judgment in favor of the Golock Plaintiffs’ favor and against the Company. In addition to the amounts awarded on June 16, the District Court awarded the Golock Plaintiffs $223,328.20 for the attorney’s fees incurred in connection with this action."
"The Company used cash in operations of $1,084,903 and as of December 31, 2023, had a stockholders’ deficit of $38,233,792 and negative working capital of $6,582,006. These factors raise substantial doubt about the Company’s ability to continue as a going concern within one year after the date of the financial statements being issued. The ability of the Company to continue as a going concern is dependent upon the Company’s ability to raise additional funds and implement its business plan. The financial statements do not include any adjustments that might be necessary if the Company is unable to continue as a going concern."
Solid indeed.
Losing million dollar court cases.
40 million in debt.
Needing 2.5 mil to fund for next 18 months.
Where does that money come from?
Fake "News releases" and dilution behind them.
Yup. VNUE is killing it!
You are right. :
https://www.cmegroup.com/markets/metals/precious/silver.volume.html
With a click. Or AI, Or an algo.
Whatever they do, they did it. Almost 2 dollars down in a day. And we are still 2 weeks away from the beginning of May.
VERY nice entry in ZSL. Better than mine. You could possibly double.
Almost 4 million shares of ZSL traded yesterday. LOL 4,000,000 X 12 = 48,000,000
Only 48 million dollars.
But don't forget the shorts in AGQ at 38 bucks. 4,589,951 volume yesterday in AGQ. 4,500,000x38=171,000,000. 171 million dollars worth of AGQ traded yesterday.
And if AGQ goes from 38 to 25.............
Of course ZSL is still the better play.
But the point here is, look at the amount of money being made in silver. I've been at this awhile. Longs buy and hold. And as I mentioned earlier. You can trade a LOT of money. You don't have to worry about not being able to get out of your position. The volume is there. With the click of a mouse, you can trade a house.
Hey new guy. Can you explain the mechanics of the silver market for us?
Why is the price where it is?
How did the price drop by $1.50 today so far?
What controls the price of silver?
Who owns the most physical silver?
What is the CME?
How do the SLV futures markets work?
How many ounces of silver per contract?
Is their an algo that controls the price of silver?
Who created the algo? When?
Does the dollar affect the price of silver?
Who controls the dollar? What is the dollar?
Is the dollar fiat? Or is it backed?
Why does the price of silver and gold move EXACTLY the same way?
Do you have any original thoughts or do you parrot your favorite metal salesmen?
Does the number of paper contracts per ounce of physical matter?
Does SLV matter?
Who controls how much SLV is in the market?
How much SLV is there?
Does the price of SLV affect the price of silver?
Why has silver been sideways for 20 years?
Isn't silver supposed to be a hedge for inflation?
Why isn't silver going up the same pace as inflation?
Is physical one days pay for a dime? 1/10th of an ounce of silver?
Historically one days pay was worth one dime.
Is that the case?
Why not?
Here are 1 ounce rounds for 30 bucks. Is 3 bucks a days pay?
https://www.providentmetals.com/1-oz-999-fine-silver-rounds-our-choice.html
Why is physical only 26?
Physical price is dictated by SLV
Here is an article you may be interested in:
https://renaissancemen.org/2022/01/28/review-of-teds-800m-silver-short-claim-by-boa-new-evidence-from-occ-sheds-light-on-the-discussion/
But always keep in mind that that NONE of these investigators ever talk about SLV. They only talk about physical, leased physical, naked shorts and shorts. And using PHYSICAL to manipulate the market. Also using shorts. They NEVER talk about SLV being used to control the price of metals.
SLV is an open ended fund. They can create quadrillions of ounces of silver with the click of a mouse. THAT is how they control the price of silver.
Also remember that the largest holders of physical metals are the banks themselves. If the banks start to have balance sheet issues for whatever reason:
Hint hint:
https://www.marketwatch.com/story/bank-of-americas-paper-loss-on-its-bond-portfolio-reaches-110-bln-and-outpaces-other-banks-report-75f1b1f3
So if the banks start to have issues......They can offset those balance sheet issues with an increase in metal prices. They own and control the world. The control all the metal prices. They are the largest holders of metals in the world. They can manipulate and do whatever they want with the price to achieve whatever goals they want. They have their finger on the button. And they know when they are going to push it.
Like the dollar smash they just achieved:
https://www.bullionvault.com/silver-price-chart.do
Do you think they did not profit from that 1 dollar smash? They play both sides. They hold all the physical and they control the pricing mechanism! LOL
Who lost the most from that 1 dollar smash? The banks or the longs that are excited and buying into the mania?
In the last 25 minutes they smashed the price of silver by over 1 dollar
https://www.bullionvault.com/silver-price-chart.do
Let's see how much SLV they used to do that tomorrow:
https://www.cmegroup.com/markets/metals/precious/silver.volume.html
Hearts are breaking.......
From 2013 to 2020 they kept silver in the 14 dollar to 20 dollar range:
https://www.bullionvault.com/silver-price-chart.do
7 YEARS!
Then since 2020 they have kept silver in the 20 dollar to 26 dollar range. There have been a few anomalies where it went to 28 and 30 dollars. And currently.
Could this be a time where they allow the price to rise a little? I'm not sure. I'm not in control. They are. And I have proven that. Whatever is happening, they are allowing it to happen.
As for 3 dollars not mattering.....
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=174223803
"95,935x5000=479,675,000 ounces of silver to be delivered by the end of May."
If those contracts were created even at 26 dollars, let's look at what this will cost the big bullion banks.
479,675,000 ounces x 3 dollars. The difference between 26 dollar contracted price and current 29 dollar silver they will need to pay for physical prior to delivery.
479,675,000 ounces x 3 dollars=$1,439,025,000. That is a 1 1/2 BILLION dollar loss.
If the contracts were set at 23 dollars per ounce, double that loss. 3 BILLION.
Those are real losses. How does that effect the bottom line of JP Morgan?
Where does the money come from to cover those losses?
I think that this is why they stopped disclosing the settle prices for contracts. They don't want us to know what the contracts were set at.
I know for a fact that what is happening, whatever that is, is being allowed to happen. The market isn't magically getting out of control. They have the power to SMASH the prices.
Remember, if they are selling shorts into the market right now, if the longs are buying all the shorts they are selling. Once they SMASH the price of silver lower. They will PROFIT off the backs of longs. Why wouldn't they sell short if they know they are going to smash the price. They have the power to do that. You have all seen it! For decades.
Obviously, with inflation where it is at, the cost to mine has gone up. Eventually it becomes unprofitable to mine with increasing costs of machinery, equipment and gas. They will continue to want their mining companies to profit as well. So they need to allow some increases in the price of metals to compensate. When they allow these rises and for how much......I have no idea. They are in control, not me.
But it is fun to watch the metals move. I have been involved in the metal markets for nearly 20 years, and it isn't because I hate metals. I understand the fundamentals of metals. I understand the history of metals. I understand the economics of metals. I understand the value of metals and where that value comes from. However, I also understand how and why they have manipulated metals for so very long.
Here is what I am seeing.
Right now they are using about 180,000 contracts of SLV to control the price of silver:
https://www.cmegroup.com/markets/metals/precious/silver.volume.html
Those bars are rising. They are using more and more to control the price daily. Imagine if they weren't what the price would be.
I want to use a comparison.
Here are the numbers during the last "Silver Squeeze" in 2020:
The daily average was around 200,000 for almost a month and at its peak it was 400,000 contracts in one day.
The have not yet used nearly the power they can.
There are 95,935 contracts due by the end of May:
https://www.cmegroup.com/markets/metals/precious/silver.volume.html
They are moving a lot back to July. However they still have to deal with 95,935. Which is 95,935x5000=479,675,000 ounces of silver to be delivered by the end of May.
The price of silver throughout May of last year was between 23 and 26 dollars. So if the contracts were created last year for delivery in May of this year, they will want to get the price of silver as close to 23 and 26 dollars by the end of may.
https://www.bullionvault.com/silver-price-chart.do
I know it is exciting right now. And I assure you they are far more concerned with the price of silver than gold. They can let gold rise. They aren't using gold in consumer goods.
And it does not look like they are focusing on gold at the moment either:
https://www.cmegroup.com/markets/metals/precious/gold.volume.html
But they will have to deal with the silver price.
The fact is that right now they are creating and settling contracts for Sept of '25 at 30 dollars:
https://www.cmegroup.com/markets/metals/precious/silver.settlements.html
March of '25 at 29.50
When they settle contracts they are legally binding.
They have to fill those orders. So if the settle price last year was between 23 and 26 dollars. And they have to buy that silver to fill the contracts. They don't want to pay more than the contracted price for silver. So I am expecting that throughout the month of May we will see the price of silver between 23 and 26 dollars.
May 2nd 2023 26 dollar silver
May 22nd 2023 23 dollar silver.
https://www.bullionvault.com/silver-price-chart.do
Bix Weir is the closest, but he sold out. He sells metal. He knows the game. He just won't admit it. Because he has interests in profits.
You can't trust metal salesmen. If there is a gold ad, or the interviewer directs you to a metal salesman they are controlled one way or another. You have to understand the system and think critically. When profits are involved it becomes complicated. Even the good guys want their profits.
Bix Weir understands how they are using the SLV futures market to control the price of silver. That is the most important thing to learn. NONE of the other metal salesmen talk about that even. That is why I started posting on the SLV board. Because that is the tool they use to control the price of silver. SLV is simply digits. The more SLV there is dumped into the market the lower the price of silver goes. The market does not know the difference. SLV, silver, same thing. The market can't tell the difference. But they have unlimited amounts of SLV they can create. And that is how they control the market. SLV is the answer. And SLV future contracts. Contracts are legally binding.
You don't find many people talking about this because you can't sell metal if people understood how it was controlled. Why stack physical if the price of physical is controlled by digits? You can't teach that or you won't sell metal.
The metal salesman's goal is to sell metal. By any means necessary. And calling the dollar fiat is one of the ways they sell metal. People do NOT understand what the dollar is. But they believe that it is fiat because metal salesmen tell them so. The dollar is 100% backed by treasuries, oil and collateralization.
For those reasons you do not hear about it. One, they can't sell metal if the truth is know. And second, ignorance.
The video doesn't work......
What happened with all the fear mongering surrounding the eclipse? I thought there was going to be a black swan or false flag? Remember? The national guard and stuff. What happened? Another one passed with nothing happened. Just like all the 3 day weekends.
Fear mongering is powerful.
How many events need to pass before you realize?
I am eying 20 dollars for ZSL. I'm happy with that. 13-20
And shorting AGQ right now at 35 down to 25:
https://ih.advfn.com/stock-market/AMEX/proshares-ultra-silver-AGQ/chart/real-time
35-25 AGQ
13-20 ZSL
I don't need exact tops or bottoms. I just need the thick juicy middles.
However, you can buy a LOT more shared of ZSL right now than AGQ. So there is a much larger profit there.
We'll see.
I don't really care about the 10% on either end of the play.
I care about the 80% in the middle ;)
Why silver will be $2080 before gold? LOL Gold is $2330.
That video was from 2 months ago and the guy is already wrong.
Nice post........
BTW, what kind of person likes and thumbs up their own posts?
Remember that you can SHORT AGQ as well. You simply sell shares short. People that are buying AGQ long are buying your shorts. When the price goes down You GAIN in AGQ and in ZSL if you bought ZSL long.
So I am sure a lot of that volume is shorts selling on the bid and longs buying the shorts. That is where the volume is coming from in AGQ. In ZSL it is simply people buying long. I have no idea why anybody would be shorting ZSL right now. Look at the chart. It is screaming buy. AGQ is screaming sell.
https://ih.advfn.com/stock-market/AMEX/proshares-ultra-silver-AGQ/chart
https://ih.advfn.com/stock-market/AMEX/proshares-ultrashort-sil-ZSL/chart
You don't even have to play ZSL if you short AGQ. You can do it either way. And there are other plays as well. But those 2 are my favorites because of the volume. You can play any amount of money you want and you can sell your shares immediately. Even if you want to move a million dollar position.
WOW. That latest fluff news release to dilute behind really made this baby POP. Back up to trip8. KILLING IT Zach!
Could the accumulation chart be rising because there are more shares to accumulate? Hmm...........I wonder where those shares are coming from?
Isn't VNUE in debt?:
https://ih.advfn.com/stock-market/USOTC/vnue-pk-VNUE/stock-news/92611687/form-10-q-quarterly-report-sections-13-or-15d
OH YEAH! I almost forgot. They "had an accumulated deficit of $38,151,090"
"As of September 30, 2023, the Company had $28,433 in cash on hand, had negative working capital of $6,929,188 and had an accumulated deficit of $38,151,090. Additionally, for the nine months ended September 30, 2023, the Company used $941,419 in cash from operating activities."
Where does that cash come from?
Where does 40 million dollars come from? How does the "Company" pay even the interest charges on this debt?
Bills are due......A new "News release" will arrive soon.
And YOU are paying them. LOL
I WILL be revisiting this post. Of course.....
There are many that are watching and not commenting. There are many that have learned and are profiting from this deception. This SLV manipulation. To those that have learned from me and have profited. You are welcome. I find that the most gratifying thing.
I was once the manipulated. I was once the guy that believed that the metals would run. I was the guy screaming from the mountain tops BUY SILVER, BUY GOLD! THE COLLAPSE IS COMING! For like 7 YEARS. From about 2010 to 2017 I would say. I watched my portfolio go up and crash, go up and crash. Sideways for 7 years. I even started buying Gold and silver mining stocks. Because the metal salesmen told me to. And the only reason I am glad I did is because that is when I learned.
I saw the metals moving with the price of silver. I watched every other month the charts go up and down. Swing. Then it started to click. I then leaned about SLV futures contracts and the way SLV is used to control the market. I figured it out. Then I started to try to teach. And every metal bug is a fist fight. It was, and still is, like I was fighting myself from years ago. Collapse, metals are going to explode, 1000 dollar silver, silver shortage, this is the time, over and over again. The same story. And people fall for it again and again. Short memories I guess.
And you still see it. Like right now. When the price is allowed to rise prior to delivery months there is MASSIVE excitement in the metal community. The stackers start buying again. LOL, Yeah, at the top. The metal salesmen start sending out massive ads. I am getting them daily right now. I can't delete them fast enough.
The mania gets crazy. Like during the "Silver squeeze" attempt 4 years ago. YES that was 4 YEARS ago already.
EVERYBODY was screaming that this was the time. All the silver is out of stock. Blah blah blah. And look what happened then. Do you remember? It ran to 30. SMASHED back down to 20. How could that happen when all the metal salesmen were out of stock and Ebay was cleared out?
Is Ebay cleared out right now? Are the metal salesmen short metal supplies? Why are there so many metal salesmen ads right now wanting YOU to buy?
Is the metal predicament NOW worse than it was then during the "Silver Squeeze" attempt? And that wasn't my first silver squeeze party. I was around for the Max Keiser attempt in like '08 or whenever it was.
So what is different now?
Same excitement now. Same build up. Same parroting words. The same old people popping out from under their rocks. Chirping.
When you feel that excitement. When you see that happening. When you see those signals..........SELL!
No matter what, we are closer to the bottom than the top.
Say you buy 5000 shares x 14 dollars = 70,000
The price of ZSL goes to 22 dollars
5000 x 22 + 110,000
40K baby.
People have no idea how much money can be made playing silver correctly.
It takes patience and time. But you can make really good money in a year if you participate in all the delivery month flips.
Reading and comprehension is important:
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=173559480
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=173508872
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=173518612
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=173039628
It's like kicking a dead horse around here. It's no wonder people think there are 26 genders and can't figure out what bathroom to use.
We are literally living in the movie Idiocracy!
Fiat fiat fiat. LOL. Stupid. The dollar is not simply printed up and dished out. Fiat is where a government simply prints currency and distributes it. If you think that is what the dollar is you are ignorant. 100%
https://moneyfortherestofus.com/285-money-is-debt/
"Despite being charged with managing the money supply, the modern Federal Reserve does not simply run new paper bills off of a machine. Of course, real currency printing does occur (with the help of the U.S. Department of the Treasury). However, the vast majority of the American money supply is digitally debited and credited to commercial banks. Moreover, real money creation takes place after the banks loan out those new balances to the broader economy."
I have been talking about this for YEARS on this very board and you STILL have not figured it out.
Discover what an IQ of 80 means:
https://iqtest.net/blog/iq-80
11%:
https://www.brain-testing.org/what-this-iq-means/80
I actually heard that the number is now 15%.
I believe it.
There is no fiat. The dollar is not fiat. Anybody that says that the dollar is fiat is ignorant and has listened to too many metal salesmen.
LOL Squeeze?!?! Like the last one that they destroyed with the click of the mouse.
1000 dollar silver. Apparently you missed this post:
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=174100022
It is almost time.
Long here:
ZSL
Short this:
AGQ
SLV
Todays move is here:
https://www.marketwatch.com/investing/index/dxy?mod=home-page
https://www.marketwatch.com/investing/bond/tmubmusd10y?countrycode=bx&mod=home-page
https://www.bullionvault.com/silver-price-chart.do
https://www.cmegroup.com/markets/metals/precious/silver.volume.html
Right now the powers that be are selling short. They have asks set up that are short and the silver bugs are buying those shorts. They are selling short into the run. The demand is there. The unsuspecting victims have no idea that their hard earned money they are spending at 26 dollars per ounce is going to be 22 dollars per ounce in less than a month. Even if it goes to 28 the result will be the same. They have to fill their contracted prices from futures contracts set up 1 year ago.
With the click of a button they can smash the price a dollar a day. They will profit on every dollar it goes down. And the longs will have their hearts and wallets broken once again......
I know I know, but this time is different........
Metal salesmen selling metal. Charts don't matter in a manipulated market.
I want to expand on why I believe that the prices of silver should be where I predicted. Between 1-2 thousand dollars per ounce.
Let's look at what the purchasing price of silver was throughout history. Purchasing price is the most important thing.
Historically, and I mean for thousands of years, prior to the debt based systems created in the 1700's onwards. Historically you received one DIME for a days pay. That is 1 tenth of an ounce of silver for a days wage.:
https://ancientfinances.com/2018/02/13/average-pay-for-roman-legionnaire/
https://www.thetorah.com/article/how-silver-was-used-for-payment
How Silver Functioned as Payment
Throughout this period, the value of silver remained very high: as noted above, the smallest meaningful weight, likely equivalent to a day-workers wage, was only half a gram. At the same time, the market value of silver remained relatively constant. For this reason, silver was the most commonly utilized precious metal for trade. It functioned in a similar way as coinage did once it was invented: it represented value, for which one could exchange goods.
https://sdbullion.com/blog/how-many-grams-in-a-troy-ounce-of-silver
31 grams of silver per ounce.
10 dimes per ounce
So what is a days pay today and what would the equivalent be in silver?
You can get a job readily paying 20 dollars per hour currently. To have any type of decent lifestyle and living standard I would assume a days pay at 200 dollars.
So if 200 dollars a day currently is a reasonable living. That would mean that a dime would be worth 200 dollars. 10 dimes in an ounce. 10X200=$2,000.
2 thousand dollar per ounce silver.
Now if you would assume even 15 dollars per hour wage currently. 15x8=120 dollars per day.
In that case a dime would be worth 120 dollars. 120 dollars x 10 (10 Dimes per ounce) = $1,200 dollars per ounce.
So my guess is between 1 - 2 thousand dollars per ounce is what silver should be valued at.
Purchasing power is the key. What would your lifestyle be like if you were paid in silver and the silver was 2000 dollars per ounce?
What would inflation look like?:
If silver were to be allowed to run freely the price would be in the thousands. My guess would be 2-3000 per ounce. And gold would probably be somewhere in the 30-50K range.
Imagine what the price of a cell phone would be if the price of silver were 2000 dollars per ounce. Or a TV. Or a laptop, or computer. Or solar panels.
Where would the silver dealers come up with the cash to pay out?
Imagine if the market broke and the metals reached their true value. Imagine silver at 2000 per ounce and gold at 30,000 per ounce.
How could you go to a local coin dealer and sell an ounce of gold? Do they carry 30K in cash? What is somebody went in with a stash of silver around 1000 ounces?
1000X$2000=$2,000,000 dollars. That is only 1 seller of only 1000 ounces. LOL
What if a seller brought in 100 ounces of gold and tried to sell it at 30,000 per ounce?
100X$30,000=$3,000,000
So one guy walks into a coin dealership with 1000 ounces of silver and 100 ounces of gold. Wants to cash out. Does the dealer have 5 million in cash?
Where do you sell your gold and silver?
Where does the cash come from to handle that insanity?
What if silver merely went to 100 dollars per ounce.
100X1000=$100,000.
Where does that cash come from?
Think........
Keeping the price of metals low controls inflation
This is a fluff release to dilute behind and nothing more.
Name a news release in the last 3 years that has had any merit or legs?
I am proud of you guys. You are caught on. You understand.
https://www.marketwatch.com/livecoverage/fed-meeting-dow-futures-steady-ahead-of-monetary-policy-update/card/fed-maintains-forecast-of-three-rate-cuts-in-2024-E4DklW3cFdY12pqViYdZ?mod=home-page
Weaker dollar = higher metal prices.
Remember this wont last. They have their finger on the button. But we are getting closer to short time.
Stronger dollar weaker metals:
https://www.marketwatch.com/investing/index/dxy?mod=home-page
The Bank of international settlements BIS controls all the central banks around the world. Rothschild owned.
They control the interest rates of all currencies around the world
When other currencies around the world weaken, the dollar strengthens.
What has happened recently that would cause flight to the dollar?
https://www.reuters.com/markets/currencies/yen-holds-nerve-boj-decision-looms-dollar-resurgent-2024-03-19/
The FED and the central banks around the world control the economies of the entire world. If they want more demand for dollars, they tamper with other currencies.
The dollar is always the answer.