Thread 61083933

>silver hit $50
>gold hit $4000
Ok lads, give it to me straight. Why is silver and gold rising in price so rapidly? Is this the new baseline, or is it going to crash? Are we at the precipice of an economic catastrophe?

chat, explain M2 and magic boats

imo if you can still buy gold or silver without having to use a wheelbarrow full of money I'd say go for it

>>61083933 (OP)
>1910s societal restructuring
>1920s pandemic
>1930s economic collapse
>1940s world war
time is a flat circle so what do you fucking think?

>>61083933 (OP)
because it is flight to safety and privacy. that's why Zcash is pumping when everything is dumping.

Metals are rising because national banks across the world are quietly trading dollars, US bonds and other liabilities for them. This is because of a general loss of faith in America's capacity to project power effectively and control the international order. Pax Americana is ending and USD's reserve currency status is fading in favour of PMs. This is a gradual process which noone will speak openly about (due to it being a sensitive diplomatic topic), and they might cycle out of PMs for a new currency if a decent candidate emerges, but for now PMs are king.

>>61084136
yes, Qatar is opening an airbase on US territory
its over

>>61083933 (OP)
>Is this the new baseline, or is it going to crash?
$3400 gold and $38 silver is the current baseline if there's a broad market sell off. We're no where near a long term top if you look at the gold to silver ratio, or GDX to gold ratio, or SILJ to silver ratio.

Gold is going to $15k and silver to $300 in next few years.

>>61084015
BTFD!!! IM STR8 DIPPIN¡¡¡

Yeah I'm a stacker. 6 whole dollars in silver.

This is how the banks stay solvent, they revalue gold. The amount of debt stacked up in this country means people are all owed obscene amounts of resources that don't actually exist.

>>61084136
most retarded thing ive read all day. dollar is king

>>61084033
Gold and silver are objectively more risky than the SP500

>>61084211
>>61084241
>>61084256
interesting posts
>This is how the banks stay solvent, they revalue gold
banks have gold?

>>61084155
i've been trying to occasionally short gold for the past couple years (while understanding the funadamentaly bullish conditions AND STILL NOT JUST GETTING LONG) and this is pretty much where i'm at now. there's no stopping this train. in the short to mid term people are short dollar and crowded long gold though.

>>61084269
faggot

>>61084269
LMAO

>>61084269
retard nigger
>>61084292
yup, basel 3.

>>61084303
i shouldn't say crowded long, that's not true. rather lots of momentum chasers which is usually good for a harsh short term pullback

>>61084324
how high would they revalue?
what do you think?

>>61083933 (OP)
it's long-term

the Fed has no real options but to either raise rates (banks fail if they do) or lower rates (which will lead to more inflation)

already M2 (USD money supply) is rising, which means inflation will be returning to the US economy

only gold and silver will remain good save havens as the world abandons the USD

>>61084260
"Dollar is king"

Yes, repeat that again my little capuchin monkey.

>>61084260
you lost a little more purchasing power while typing that

>>61084292
At this point, the financial system is an all encompassing amalgamation of the government, central and commercial banks, insurance, and Wallstreet. The Fed has gold on its balance sheet which the Treasury and Fed can organize a transaction for a specific amount and create the cash they need to spend. By revaluing gold, it will impact trade and the value of all commodities along with it thereby making the value of the debts owed more manageable. The system wants to preserve the dollar as best as they can, and thew system is so interconnected that it can't survive a simple write off of debts because someone somewhere is dependent on those payments. In plain terms, dilution will be used to actualize the losses on the masses. It will happen abruptly where all of your life's toil will suddenly be a fraction of what put in. You put 5 ounces of gold in, and you only get 1 ounce back out. That is the price of the credit system. It wasn't free, and it is not physically possible to spend the same dollar twice.

>>61084260
I'm sorry brother. The USA is an economic basketcase in decline. This is a megatrend, it's locked in. Nothing anyone can do at this point, apart from invest in hard assets and ride it out.

>>61084440
interesting
how high would they need to revalue gold?

>>61084367
sheeeit idk. given that the idea is that gold will be equivalent to risk in US treasuries, i would say significantly. i'm not sure how much of that is being priced in ATM though. counterintuitively (read as: potential alpha) i would say if we return to ZIRP gold would get heemed though given current momentum chashing. temporarily, Q4 '08 style.
>>61084440
>all of your life's toil will suddenly be a fraction of what put in
couldn't say it better... financial repression is virtually guaranteed outside of nuclear apocalypse. dollar deval is EXTREMELY bearish US equities with the way the world and asset managers treat them as a fucking piggy bank.

>>61084260
if you replaced that dot with a colon I would agree with you

>>61084465
I have no clue, but I have heard people say $20,000. It will be a substantial amount that would probably make people laugh.
Now, with that said, much of this is contingent upon other things such as international trade. an the banks pull another 5-7 years out of their hat? You better believe they will try.
Did you know the newly mined supply of silver in the entire world is around 800 million ounces? Humanity has been mining silver for thousands of years, and only recently have we entered the digital age. We have been running yearly deficits for over 5 years...
800million ounces. A money commodity! If every AMERICAN took $100 down to their local coin shops about bought 3 ounces of silver, the entire supply would disappear. That is how razor thin this market is. The dollar system wants everyone to be exchanging and saving in credit assets, NOT physical investments. If you divide the global mining supply by the global population, your allotment would be a paltry 3 grams, or about the size of a penny. So a $50 investment in silver locks up a DECADES worth of that allotment.

>>61084529
>>61084566
thanks guys
its crazy to think that were not far away from 5000 Gold at this point

>>61084211
>they revalue gold.
On the books right now the gov in valuing it's gold at nearly 1 trillion less than what it's spot price says it is.
They could literally just update the book and gold goes straight up in one day and it wouldn't even be sketchy.

>>61084440
Best I can figure based on your posts is this.
The debt that has accumulated across the globe of the last 40 years or so is about to come home and everyone holding assets are the beneficiaries of all that accumulated interest.

>>61084211
so was I just born too late or what?

>>61084682
I bet we hit 5000/100 on the same day.

>>61084566
The Manhattan Project supposedly took almost all of the US silver reserves for electric testing nuclear weapons. (It was returned after.)

>>61083933 (OP)
metals aren’t crashing without the dollar going with it

>>61083947
>M2 directly correlated to gold prices
You forget about the COVID money printer already and the nothing gold did over that period?
Gold prices are moved by countries conducting economic warfare and it's not the poles buying gold and dumping dollars.