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Thread: Silver is ON SALE
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04-26-2016, 12:50 PM #61
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04-26-2016, 12:52 PM #62
You’re absolutely right about the stock market, Kev!
People don’t realize there is a huge difference between the financial market (NYSE) and actual economic market (main street). People think all is good because the DOW is back at 18,000. (Yay! Clap my hands in a girly voice..) But then they forget that we’ve had massive layoffs in many different industries and companies. For example, just take the Walmart store closures of 240-some stores globally affecting 16,000 employees just a few months ago, and more recently Intel laying off 10% of its workforce.. 5% unemployment my ass..
But..NO.. All is good, bro.. Look at the DOW!
I tend to think generationally. My precious metals (PMs) are not for me. I want to leave something behind for my kids..
Also, by buying PMs, particularly the American Silver Eagles, it’s my way of giving my middle fingers to the corrupt criminal bankers. Silver is the Achilles’ Heel of the financial industry.This above all..
To thine ownself be true..
And it must follow, as the night the day..
Thou can'st not then be false to any man..
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Bros, my Weightlifters and Powerlifters are my credentials.
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08-06-2020, 05:14 AM #63
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08-06-2020, 05:49 AM #64
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08-06-2020, 05:55 AM #65
Because silver, functionally, is more valuable than gold.
Gold to silver ratio coming out of the ground is typically 1:15. 1 ounce of gold and 15 ounce silver.
Above ground, it's a different story.
99% of gold ever mined still exist.
Over 90% of silver ever mined are GONE. Why? Because they have so many industrial uses - medical, technology, weapons, you name it. One Tomahawk missile has 500 oz of silver.
In reality, the ratio above ground is 1:1, yet the price ratio is 1: 100. Gold at the moment is above $2000. Silver is approaching $30.
Both gold and silver are monetary metals. But silver is more than money. In fact, next to oil silver is the second most important commodity.
So,
As we hit the greater depression, banks and eastern countries began hoarding gold for this reason.
But they cannot put their fiat currency in silver, because there is not enough in the world to hold the quadrillion dollar derivatives they created out of thin air. If they did, the system will totally meltdown as opposed to a controlled demolition they're doing now.
But hey.. I'm just a goat farmer. I'm a conspiracy theorist and I don't know what I'm talking about.This above all..
To thine ownself be true..
And it must follow, as the night the day..
Thou can'st not then be false to any man..
-----------------------------------------------
Bros, my Weightlifters and Powerlifters are my credentials.
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