Title: Live from the Vault: 500:1 Silver to backfire! Source:
[None] URL Source:https://www.youtube.com/watch?v=fCPgjIK0COY Published:Sep 26, 2021 Author:Horse Post Date:2021-09-26 17:38:05 by Horse Keywords:None Views:230 Comments:4
Poster Comment:
This is his website. https://www.goldstarglobal.com/
He sells.9999 pure gold and silver. He puts a lot of stress on Basel III being enforced. Might get another delay.
I bought several thousand oz around 2009-10 at $9.00. I think it went to about $50 between then and now. Been paying people that think the world is ending with it @$25/hr/oz.
The light that burns twice as bright, burns half as long. - Dr. Eldon Tyrell
Godfrey Smith: Mike, I wouldn't worry. Prosperity is just around the corner. Mike Flaherty: Yeah, it's been there a long time. I wish I knew which corner. My Man Godfrey (1936)
I'm questioning if us metal bugs are greatly underestimating the power of the banks to suppress metal prices. I bought bulk silver back in the mid 90's at some $4.50 per ounce, and it's up about 4-fold in 25 years. That's not very good, especially as it doesn't factor in inflation. If the banks can maintain price suppression indefinitely until the moment that the dollar collapses, then at that point, triple or quadruple digit silver might not buy you much more than it does now. So it preserves purchasing power, which is great, but...
Crypto might be a better way, and has certainly outperformed metals over the past 5 years. It's not a market they can control. At least not yet.
I'm questioning if us metal bugs are greatly underestimating the power of the banks to suppress metal prices.
Well, gasoline has more than doubled in the last year. Au and Ag has been static. I bought in at about $9.00 and $900.00 around 2009-10. Not the best investment I've ever made, not the worst. I did have TIGRs as the era of Carter wore on at 16-18%/yr. Still wasn't keeping up with infltion.
...then at that point, triple or quadruple digit silver might not buy you much more than it does now.
That may be the best you can hope for at this point.
Crypto might be a better way...
Doubtful. Ask a Chink, or better yet, China Joe. I don't think there's a way to win unless our gay, tranny, pedophile .mil steps up and does their job.
The light that burns twice as bright, burns half as long. - Dr. Eldon Tyrell
Godfrey Smith: Mike, I wouldn't worry. Prosperity is just around the corner. Mike Flaherty: Yeah, it's been there a long time. I wish I knew which corner. My Man Godfrey (1936)