Live from the Vault: 500:1 Silver to backfire!

Source: https://www.youtube.com/watch?v=fCPgjIK0COY
Published: Sep 26, 2021
Author: Horse
Post Date: 2021-09-26 17:38:05 by Horse
Views: 250

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.

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#1: StraitGate    To: Horse (#0)

Silver's already up $0.24 tonight. If it goes up another 214% it will be back to where it was in 2011! (Assuming only 4% annual inflation.)

StraitGate posted on 2021-09-26 21:48:13   Reply   Private Reply

#2: Esso    To: StraitGate (#1)

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.

Esso posted on 2021-09-26 22:15:36   Reply   Private Reply

#3: Pinguinite    To: Horse (#0)

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.

Pinguinite posted on 2021-09-26 23:46:09   Reply   Private Reply

#4: Esso    To: Pinguinite (#3)

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.

Esso posted on 2021-09-26 23:58:52   Reply   Private Reply