Well bottom line is gold/silver has been manipulated for years with paper gold and silver. There is a massive effort to kept paper dollars strong snd metals low. Industry silver ain’t bitching about that either. But it’s all going to come home to roost. It’s going on now under our nose with the BRICS nations.
The London bullion exchange has a competitor. How can one Bullion exchange say silver s $19 and another says $150? The BRICS nations are buying while London is empty. Look at the amount of gold Turkey is loading up on.
Give it till after the Nov election to see how things pan out.
I think Biden last silver bullet is to try and push us on a digital dollar that they can control. Chit! I’d go crypto then. Screw the Fed Reserve digital. The dollar is crap. They need inflation around 25% to soak up all this printed money.
The world that holds the dollar today don’t want it and soon, all those dollars are going to be dumped at our shoreline to compound things. We don’t produce oil. The dollar has no world punch.
Half the Worlds population today is using some gold back currency.
I think silver is going to be the hottest thing over the next 12 years. And these low fix rate mortgages we’ve all scored.
Stay away from silver ETFs. Physical is the best way.
I saw my pawn shop buddy at his lake house this weekend. He will only buy silver if it’s registered or has a paper cert. told me he’d buy all my metals without reporting to the IRS. Stay away from those hand poured cakes of silver and novelty stuff. Stick with the old name bars always or the well known silver ware patterns like Wallace or S.Kirk. Us gold coins. Many fakes out there too. We have a pal that asked him to help out one of our buddies unload a 1000oz silver bar. He wouldn’t do it without cutting it in 4 squares. Too risky at that size and amount of cash. Maybe an old Englehard brick with registration number?
And what I found funny. A few years back he was like, no more Rolex’s. He wouldn’t buy another. Over loaded. , but now, he buys everyone he can get his hands on.
People want assets not dollars.
To push a Federal Reserve digital scam, they will need to outlaw crypto’s and physical metals. I’m betting it flops and the dollar dies.
