If 300 million people bought 1 ounce of silver every month the us reserves would be depleted. | |
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silverbird (OP) User ID: 75436794 United States 05/26/2019 12:29 PM Report Abusive Post Report Copyright Violation | |
silverbird (OP) User ID: 75436794 United States 05/26/2019 12:33 PM Report Abusive Post Report Copyright Violation | |
Kodiak Island User ID: 77078319 United States 05/26/2019 12:36 PM Report Abusive Post Report Copyright Violation | True, but that is not going to happen. People are dropping their metal for Cryptos. That should be obvious to most people by now. I've been a gold/silver bug for 14 years but not any more. The criminals at the Fed and Treasury, etc will do whatever it take to keep the lid on the price of the metals. They will continue to squash the price until they can't anymore. The only way that is going to happen is if the dollar loses massive value, to the point where a majority of people in the world not only don't want it anymore but are trying to get away from them as fast as they can. They can't print up cryptos you see. I still hold silver... a lot of it actually but only for insurance if/when hyper inflation ever does come. Kodiak |
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silverbird (OP) User ID: 75436794 United States 05/26/2019 01:13 PM Report Abusive Post Report Copyright Violation | |
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Lance Roseman From BC User ID: 30616576 Canada 05/26/2019 01:25 PM Report Abusive Post Report Copyright Violation | Makes me want to keep stacking... If you are not busy weaving your own magick, you are trapped in anothers spell. “It’s time you realized that you have something in you more powerful and miraculous than the things that affect you and make you dance like a puppet.” – Marcus Aurelius |
Kodiak Island User ID: 77078319 United States 05/26/2019 01:31 PM Report Abusive Post Report Copyright Violation | What constitutes "Real" money is a very subjective term. It is totally perception driven. It really boils down to what are people willing to accept for money. I'm still a big silver holder, but have concluded that with the advent of the computer and internet, it was only a matter of time before someone came up with a solution to the problems with money that still, to this day, plague mankind. Here is a video of arguably one of the greatest Austrian Economists of all time, Milton Friedman discussing the coming revolution in money that will be created by the internet. He was referring to Bitcoin but it didn't know it at the time. [link to www.youtube.com (secure)] Kodiak |
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silverbird (OP) User ID: 75436794 United States 05/26/2019 01:47 PM Report Abusive Post Report Copyright Violation | Real money will surface again, if not in my life time maybe my children’s. History tells us all fiat currencies have failed 100% this one will be no different. Every body buy 1 ounce of silver and watch what happens to the system it has to give. Supply could be bought up so quickly. |
Kodiak Island User ID: 77078319 United States 05/26/2019 01:48 PM Report Abusive Post Report Copyright Violation | J.P. Morgan holds 700 million ounces silver for a reason. They didn’t buy it not to make money of it, follow the money. The dollar is steady losing value and people will look for a store of value. This might take a few more years but something is going to give, the writing is on the wall . Quoting: silverbird Maybe they bought it to sell into the silver market when their naked shorting of silver finally fails, becoming their last ditch effort to keep the price of silver down. I know the silver bugs never touch that idea. I wonder how long they could keep the price of silver down with those 700 million ounces? Kodiak |
Lance Roseman From BC User ID: 30616576 Canada 05/26/2019 01:49 PM Report Abusive Post Report Copyright Violation | What constitutes "Real" money is a very subjective term. It is totally perception driven. It really boils down to what are people willing to accept for money. I'm still a big silver holder, but have concluded that with the advent of the computer and internet, it was only a matter of time before someone came up with a solution to the problems with money that still, to this day, plague mankind. Here is a video of arguably one of the greatest Austrian Economists of all time, Milton Friedman discussing the coming revolution in money that will be created by the internet. He was referring to Bitcoin but it didn't know it at the time. [link to www.youtube.com (secure)] If you are American you only have to look at Article 1 Section 10 of your own Constitution to define what money is. I guess they don't teach the Constitution in 'skool' anymore. If you are not busy weaving your own magick, you are trapped in anothers spell. “It’s time you realized that you have something in you more powerful and miraculous than the things that affect you and make you dance like a puppet.” – Marcus Aurelius |
Anonymous Coward User ID: 76673892 United States 05/26/2019 01:50 PM Report Abusive Post Report Copyright Violation | J.P. Morgan holds 700 million ounces silver for a reason. They didn’t buy it not to make money of it, follow the money. The dollar is steady losing value and people will look for a store of value. This might take a few more years but something is going to give, the writing is on the wall . Quoting: silverbird There's a reason alright- with that kind of stranglehold they control the market and make REAL US DOLLARS at will by wiggling the POS (see what I did there? ) up and down. I bet they've pulled more $$$ out of the silver market than the total value of all their silver holdings by a very wide margin. |
Kodiak Island User ID: 77078319 United States 05/26/2019 01:52 PM Report Abusive Post Report Copyright Violation | Real money will surface again, if not in my life time maybe my children’s. History tells us all fiat currencies have failed 100% this one will be no different. Every body buy 1 ounce of silver and watch what happens to the system it has to give. Supply could be bought up so quickly. Quoting: silverbird You have dranken the "silver is real money" coolaid. I'm not saying that silver is not real money but just be careful in putting all your eggs in one basket. There are other forms of "real money" out there and your vested interest in assuring that silver will be that "real money" is blinding you to the greatest opportunity of your life. Kodiak |
Lance Roseman From BC User ID: 30616576 Canada 05/26/2019 02:14 PM Report Abusive Post Report Copyright Violation | Real money will surface again, if not in my life time maybe my children’s. History tells us all fiat currencies have failed 100% this one will be no different. Every body buy 1 ounce of silver and watch what happens to the system it has to give. Supply could be bought up so quickly. Quoting: silverbird You have dranken the "silver is real money" coolaid. I'm not saying that silver is not real money but just be careful in putting all your eggs in one basket. There are other forms of "real money" out there and your vested interest in assuring that silver will be that "real money" is blinding you to the greatest opportunity of your life. It is the only Constitutional money (AU and Ag)....so....? I guess you don't need that worthless piece of paper anymore in the running/ruining of your country? Maybe we can borrow it up here and you can have our useless one. Last Edited by The Oddity on 05/26/2019 02:14 PM If you are not busy weaving your own magick, you are trapped in anothers spell. “It’s time you realized that you have something in you more powerful and miraculous than the things that affect you and make you dance like a puppet.” – Marcus Aurelius |
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silverbird (OP) User ID: 75436794 United States 05/26/2019 02:22 PM Report Abusive Post Report Copyright Violation | I think some of you are missing the point, the silver market is so small that it could be bought up so quickly. The 700 million ounces J.P. Morgan could easily be bought up in two months if we done what the subject says. |
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silverbird (OP) User ID: 75436794 United States 05/26/2019 02:24 PM Report Abusive Post Report Copyright Violation | |
Lance Roseman From BC User ID: 30616576 Canada 05/26/2019 02:29 PM Report Abusive Post Report Copyright Violation | Remember the saying if the government don’t want you to have it then you need to get some. Quoting: silverbird Never heard it before but easily absorbed...cheerio! If you are not busy weaving your own magick, you are trapped in anothers spell. “It’s time you realized that you have something in you more powerful and miraculous than the things that affect you and make you dance like a puppet.” – Marcus Aurelius |
Kodiak Island User ID: 77078319 United States 05/26/2019 02:29 PM Report Abusive Post Report Copyright Violation | You should rather ask what/who is supressing this undervalued comodity for such long time and what is the ratio of electronic paper silcer vs real silver. But i suspect the only answeri would get is: Who gives shit! I know who and I know why they are suppressing the price. The question you should be asking yourself is will you still be alive when the price is actually allowed to rise? Just imagine what people who bought gold and silver 10 or 20 years ago, could have done with that money over that time period! They could have started businesses, gone on fancy vacations, bought rental houses, bought Bitcoin at $1 and be retired right now. And I know what the ratio is between paper silver and the real deal. It's somewhere around, or used to be, around 300 to one, and it's been that way for a very long time and silver continues to go down! Be careful putting all your stock in one place. That's all I'm saying. There are plenty of other ways to invest your money besides in silver. There's that old saying "don't fight the fed... they can continue to print money as long as Fiat is still worth something and use that money to kill gold and silver prices. Kodiak |
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Anonymous Coward User ID: 75982537 United States 05/26/2019 02:34 PM Report Abusive Post Report Copyright Violation | The Hunt Brothers were the good guys trying to expose the silver scam They were trying to take delivery of physical silver on paper contracts Couldn’t have that so the Gov stepped in and changed the margin call If the Hunt Brothers had succeeded we would have $85 oz silver today |
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silverbird (OP) User ID: 75436794 United States 05/26/2019 02:40 PM Report Abusive Post Report Copyright Violation | I’m not saying put all your eggs in one basket , but every American can afford $15 dollars a month. The point is how quickly the silver market could be depleted and the effects it would have on the financial world. 700 million ounces is not that much in the scheme of things. 10 billion could clean them out. |
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BRIEF User ID: 39607259 United States 05/26/2019 02:41 PM Report Abusive Post Report Copyright Violation | Been hearing this rubbish since at least 2007, guess what? Quoting: Anonymous Coward 73317399 If my uncle had tits and a pussy he'd be my aunt and that's never going to happen either. We used to play this game in grade school... I never forgive and I never forget I am a licensed firearm holder. I will, under protection of law, use lethal force if attacked. |
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