Why won’t the silver and gold price move higher????
Why won’t the silver and gold prices move higher?
You would think with all this money printing and lending going on the prices should be skyrocketing, so why aren’t they? The conclusion that I have come up with is the central banks, bullion banks, big banks and government agencies in the western world are working in unison to not only control the precious metal prices but all commodity prices, in doing so they can hide their massive inflationary policies.
If the price of essentials were to skyrocket like they did in the seventies, they would have to raise interest rates to alarming levels to contain these price breakouts. The consequences of higher interest rates would wreak devastation on the entire global economy almost instantly into a situation that has never been witnessed in human history. Then the question arises where is this massive inflation going? I think this inflation is deliberately being directed into property and share markets, to create the wealth effect to keep people borrowing and spending because they think they are much better off.
This can also explain the meteoric rise in crypto currencies, People who are smart enough to see what is happening have been deliberately turned off the precious metals, and the only alternative to get out of this controlled system is in the crypto’s. The main problem for the controllers is they don’t have a controlling mechanism for the crypto’s and their massive inflation is starting to go from a trickle into a torrent. This massive inflation of the crypto’s is the modern version of the canary in the coal mine, and in my opinion is just the start of a tsunami of capital looking for a safe harbour. The ultimate safe harbour for the last 5000 years has been silver and gold, and when this levee gives you will not believe the prices the metals will achieve.
Do you have your silver and gold yet?
By the @silverbug.
Thanks for your visit and time. Cheers
good post, silverbug. really something for the steemsilvergold tag. your last one became the most commented of the week as you can see here in our new members report.
upvoted with greetings from another member.
Thanks for that @pawos, It's good to see the steemsilvergold community is growing all we need now is for our portfolio's to start growing. Lol Cheers
Its all manipulated through selling paper gold.. ( gold that physically does not exist and gold through EFT, people tried to claim their gold from that german bank that nearly went under.the bank refused..simply because it did not have the gold they sold..jim rickards did a good article on how the big banks have sold over 100x more gold than has been mined since the records started...i beleive they are doing it to turn people off precious metals..but in the long run metals are the best asset against the worlds failing economy..
It's all true my friend, we will have our day soon. Cheers
Thank you Silverbug, upvoted. Thank you also for being one of my best followers. Highly appreciated.
Thanks my friend, you look after me too my friend. Cheers
Bought most of my precious metals after the big crash I believe it was 2011-2012. I got enough! Keep it as insurance. The markets could be manipulated, and if they are Silver should be around 650$ and Gold 9000$
How much you got? Hans Bocker says you need your body weight in Silver. I had better start taking off some weight...
The "real" price of silver should be around 700$ oz. In a scenario like that nothing else in the world works, so you it depends I suppose. If you think the world could go back to the pre industrial age, then there is probably no limit to how much silver you should own. Personally Im not betting on that too much, unless we have a massive EMP wipe out or nuclear war. Which is of course probable. It can happen. But I'm betting a little bit more on a better future (thats why im investing in crypots and other things) I'm thinking you should aim for about 300,000$ worth of silver at at price of 700$, which is basically 500oz of silver. If you're making a lot of money, then perhaps dubble that is OK.
Thanks buddy.
Thanks for the comment, I think we will see those prices in the future my friend. Cheers
upvote and resteemed...great information
Thanks for that @hisilverstacker I appreciate that. Cheers
Silver will have its time to shine. It can be volatile, but it can also lay low for a long time. Remember all that counts is what you pay when you buy it and when you sell it. Stay diversified and have fun!
And I might also add, only sell it as you need the money. Cheers
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Another reason to keep the price of precious metal low by central bankers is to balance their own gold and silver inventory with China as the Yuan is getting to be part of the SDR: the future currency between central bankers that will allow them to continue to feed our hungry governments for ca$h...!!
https://www.imf.org/external/np/fin/data/rms_five.aspx
Once done, there will be a shake down on market to cover all the shorts then, the price will be markup much much higher... probably in the coming year if there is no significant geopolitics event they will not be able to control.
My thinking is that actually on the spot market of gold we are seeing probably the last down leg taking place. I expect the price going as low as 1160- 1180$. At around 1200$, it will be time a very good entry point for investors.
Then enjoy the ride!!!!
N.B. SDR will eventually replace the US Dollar as currency reserve.
Personally I don't think the western central banks would dare to add to their inventory, there is not enough to supply the BRICS and if the west started to stockpile the price would explode to the upside. Cheers and thanks for the great comment.
The FMI through BIS will increase the supply as needed especially for in time of financial crises, buying derivatives in trouble banks and future recession.
What is the FMI? The BIS will run out of ammo when the there's a rush for the exit. Cheers
Sorry, FMI is IMF in English... cheers
They can't beat it down forever.
One of these days the flood gate will open and get out of the way my friend. Cheers
These prices are and have been for a long time simply a "gift." Can you say "Firesale!" Enjoy them while their here. When the prices do eventually correct there will be so many other issues to worry about and if you were smart enough to stack while it was soooo cheap AND you live through the chaos keeping your stack, well, kudos!
I agree 100% my friend, people will be in shock when this baby moves. Cheers
This rubberband has been pulled back soooooo faaaaar when it's released it's gonna blow everyone's minds! They'll wish they'd have gotten in instead of laughing at the one's who did and advised them to do so. They'll also, at the same time, be watchin' all those worthless paper assets they bought and invested all their fiat in just vanish................. you'll see no sympothy here......
You can lead a horse to water but you can't make them drink, so be it my friend. Just spread the word, it's their choice to listen or not. Cheers