For thousands of years Precious Metals (PM) such as Gold (Au) and Silver (Ag) have been utilized as real money for exchange, wealth store, and metric of value. While I am NOT an advocate of one single commodity backing our money (like a gold standard), I do believe that the price trend of PMs are the most important indicators of the value of fiat money, plus the crimes of corrupt banking corporations and governments that manipulate PM prices. The "Canary in the coal mine" is Gold - AuCanary.
Today's FINVIZ 5 Minute Charts - (for other charts go to the bottom of this page)
Click HERE for more real-time ADVANCED CHARTS and see the bottom of this page for more real time price updates.
The silver bears are back and there's gonna be trouble.
Comments by MrSilvergoldSilver:
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Price] Might go down, yes, maybe-no. Buy lower if you can. Buying physical silver is different from buying silver stocks or ETF's. Physical "investments" serve a totally different purpose. In the end, I would never accept a fiat 'price' in paper back for the physical.
Chinese have mass us fiat, chinese want physical, to perform a short chinese borrow silver (paper silver I presume), sell it on the open market, this drives price down temporarily, chinese take delivery of phys silver. Now what happens when chinese have to buy the silver back to cover the short? will they just say f off?
100% correct. They will just keep rolling the shorts to infinity to the entire thing blows up, while taking the physical all along at cheap prices.
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