In 2 weeks Silvertards We Ride!

One can hope.

Regardless, it won't go big until the cookie starts to crumble and people seek safety.

Very interesting. Just another week and a few days, and it begins.


Feel sorry for those who have not/are not picking up at least some silver at this point.


Think of bitcoin going from $0.40 (when I first heard of it) to the $19,000 of the last two years.

Yeah, that was laughable also.

Can't get here soon enough! Goldtards will be riding along with Heigh Ho Silver!

No fool like an old fool. I used to own alot of gold and silver. it hard store and sell. I bet 100 dollars you cant sell one ounce of silver outside your gold bug friends, and coinshops. as far as I am concerned Ag and Au are dogshit compared to crypto.

This takes all the BS out of the gold and silver pits. Now you must have physical to back your trades. I expect a 10% uptick as soon as it is officially announced. then a good short squeeze!

Well...we'll see IF this changes things. There have been so many false starts.

PM's have been inching up lately....am not holding my breath though.

We will see.....ive been ready for like 15 years now.

At least silver is more sustainable and is an actual useful commodity. And it's not a pyramid scheme.

You can't sell cryptos anymore now that even the biggest idiots (but not as big of idiots as people who haven't sold last year) of the world know what a scam it is.

Lol, yeah whatever you say...

Why own silver when you can own a silver backed cryptocurrency that gives dividends. [link to ag33.lode.one (secure)]

Because those that do the backing represent a centralized point of failure (government confiscation). Plain crypto is decentralized without such a problem.

silver to gold ratio is now 85:1

earths crust 15:1

Well go start a thread on that then. This is a silver-tard thread and Basel III will greatly reduce the ratio of Au-Ag and then you buy something of merit with the gains.

I'm both a cryptotard, silvertard and goldtard. However crypto+silver, or crypto+gold, doesn't work, because crypto is supposed to be decentralized and when you introduce backing schemes into crypto, then centralization and centralization dangers (like govt confiscations of silver/gold) creep in.

Ok, it never did make sense to 'back' crypto's to metals in the first place. Sort of defeats the purpose. I can see a few working out like Sprotts perhaps as an easier way to access your allocated metals, but you still don't have the shiny stuff in your hand. It just makes it easier to use the shiny stuff you have stored 'over there'....which still doesn't make sense really.

For more info! Why is it different this year with basel 3?

I won't give you links since they are all long. In the simplest of terms, Basel III allows Central Banks to utilize their gold storage as collateral for borrowing which hasn't been done in a very long time. In other words. Gold is being remonetized after being pretty much demonitized after Nixon took the Federal Reserve note/US dollar off of the gold standard in |August of 1974.

So, since the real US Dollar has a pre set weight for Au/Ag in Article 1 Section of the Constitution the ratio between Au and Ag should normalize to their historic rates. Or even lower. 85-1 is not feasible anymore. The historic rate is 16-1. So...do your own math, I'm winging this off the top of my head.

But with the lack of investment by silver miners due to low prices to find new ore bodies. That ratio could fall as low as 1-1, since silver is used industrially mainly. Even if it comes to 10-1 it would be a grand improvement over 85-1 so silver-tards....we ride. 8 more days for the 'official announcement' then a few months for the world to sort that out.

I hope that sorts you out...if someone else can do the 'maths' it would be appreciated. My math sux.

Thanks. I don't get why it would fix the ratio, but I do understand that it would raise all PMs.

Rereading, I get the thing about the constitutional ratio(a bit), IF that provision applies. It's just about the reserve requirements, so I don't know.

Look at palladium pricing (off the top of my head about $1600.00). And extrapolate. It is 40x rarer then Au, so it should be, and will be, priced higher. Silver with the lack of exploration due to high costs and non-monetization, yet, value is sitting at about 10-1 (in the real world) to Au. So EVENTUALLY, once the paper markets get flushed out by Basel III, Au will rise to it's mark to market value instead of the speculative market based on paper contracts for non-existent, tangible metal.

There is simply not enough silver. The contracts are bogus pieces of paper. I'll do the math and such...tomorrow.

Nothing will happen

Well, that is an information rich post full of data and insight. Meh. Basel III means nothing correct? Go away.

serious

Banks control the silver price, until shtf happens