Author Topic: 2020 Gold/Silver Price Manipulation  (Read 360 times)

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Offline SeanJohnson

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2020 Gold/Silver Price Manipulation
« on: April 23, 2020, 11:25:13 AM »
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    Until a couple weeks ago, physical gold had not topped the $1,700/oz mark since 2013, at which point silver was at $31/oz.

    Today gold is roaring past $1,725/oz, yet silver is only at $15.50/oz (ie., half what it was last time gold was at these numbers).

    The historical gold/silver ratio is now so far out of whack, that if I had any, I would sell every bit I had for silver, and make a killing when the artificial silver price suppression breaks loose (in fact, I suspect that is precisely what/why the powers that be are suppressing the price).
    Romans 5:20 "But where sin increased, grace abounded all the more."

    -I retract any and all statements I have made that are incongruent with the True Faith, and apologize for ever having made them-

    Offline Bonaventure

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    Re: 2020 Gold/Silver Price Manipulation
    « Reply #1 on: April 23, 2020, 07:17:54 PM »
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  • $15.50/oz?  Good luck finding any at the price. Unless you want to buy shares in an Ag ETF.  "Premium" for the physical, at least on Ag Eagles, is running $9 per.  And that's if you can find them. 

    This is one of the lowest online places you'll find Ag Eagles: https://www.silver.com/american-silver-eagles-varied-year/

    And that's the difference between Wall Street and Main Street.

    Spot price is generally determined by what Ag ETF's (i.e., paper shares) are trading for on the floor. Unfortunately, just like Federal Reserve Notes (i.e., U.S. "dollar" paper currency), they are not backed by the physical. Thus, the price of Ag can be manipulated by, for example, simply issuing more shares of Ag for the ETF. In times of high demand for the physical, though, there is a decoupling from the spot price and what the physical sells for. Simple supply and demand. If the spot price were truly coupled with the physical, we should see the spot price nearly double what it is. Instead, what sellers of Ag physical do, is simply kick up the 'premiums' to match whatever the real on-the-street price is for Ag.


    Word on the street is that, because of CÖVÌD, mining has slowed or come to a standstill.  So there's presently no Ag being pulled from the ground.  Which should push the price of physical even higher (unlike Au, Ag has many industrial uses). 


    Offline SeanJohnson

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    Re: 2020 Gold/Silver Price Manipulation
    « Reply #2 on: April 23, 2020, 07:33:27 PM »
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  • Yes, I was referencing spot.

    Romans 5:20 "But where sin increased, grace abounded all the more."

    -I retract any and all statements I have made that are incongruent with the True Faith, and apologize for ever having made them-

    Offline SeanJohnson

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    Re: 2020 Gold/Silver Price Manipulation
    « Reply #3 on: August 07, 2020, 10:44:40 AM »
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  • Yesterday, gold hit its all-time record, again, and silver was at $29/oz (nearly double since my April post 3.5 months ago).

    Time to buy seeds, gas, groceries, dry goods, medicines, etc.

    Guns, if you can still find them, are also skyrocketing.

    The dollar is crashing, and inflation is here and accelerating...again.

    And it’s all part of the plan to transform America.
    Romans 5:20 "But where sin increased, grace abounded all the more."

    -I retract any and all statements I have made that are incongruent with the True Faith, and apologize for ever having made them-

    Offline maccabeansoft

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    Re: 2020 Gold/Silver Price Manipulation
    « Reply #4 on: August 07, 2020, 03:12:24 PM »
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  • Here is a good quote about our failing dollar:

    Economically, and historically, paper is not money. It can’t be money. It’s only money
     because we’re forced to use it because there is a residual trust in the pieces of paper that
     we carry around because at one time it did have real value… History shows that people have
     chosen gold first and probably silver second. They’d rather have cigarettes than pieces of
     paper.


    – Dr. Ron Paul, 1983
    Somewhere in the last century, Western man suffered a catastrophic loss of faith—in himself, in his civilization, and in the faith that gave it birth. - Pat Buchanan 2008


     

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