Gold at $25000. Silver at $600.

It would s up another 250 since then
 
Trump is nothing but a suit following his paymaster's orders.
Absolute scum.
All I can say to my beloved countrymen and women.
Lay in food. Tins whatever ye dont need to cook. And for the love of God get a water filter Berke thing.
Water you need every day.
Things are getting real.
How many enemy combattants do we have here??
This has gone waaay beyond politics.
 
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Oh one more thing. The EU has taken the right to switch off your car.
Get ur hands on anything pre 2012..
They have the tech to confine you into the 15 min city.
Yes how will it work in rural places? Make friends with your local farmers. Offal is nutritious.
 
Now we are beginning to see some excitement. Gold droped about 400 dollors in a few minutes
 
Keep in mind.
JPMorgan have been fined numerous times for precious metals manipulations.
And more silver is being consumed than produced.

Silver Prices Surge but Marko Kolanovic Warns of Likely Plunge Ahead. - Business Insider https://share.google/gH27vIYGJxikSXVB6
 
A good pullback is needed. i have already lightened up. Bonds are down and interest tates are up, this has steadied the dollar.


Keep in mind, the very last thing people expect is deflation, so watch for it.
 
This sight pullback will test the nerves of many.

However, it is very difficult to expect people to pay over a hundred for a silver eagle, and they were over $135 a day or two ago.

Still takes $101 now from Kitco. Still 4 hours trading left
 
willows68 said:
Oh one more thing. The EU has taken the right to switch off your car.
Get ur hands on anything pre 2012..
They have the tech to confine you into the 15 min city.
Yes how will it work in rural places? Make friends with your local farmers. Offal is nutritious.
Click to expand...
I'd heard tell of this, but is it now concrete?
 
There's quite a lot of retardation in this thread. I think you might all benefit from asking yourselves what the worldwould actually look like if silver ever ran to 600$, and how regardles of how big your stack is, how that would be like winning gold at the special olympics, because you'd have to live in that world/market. Have a think about for an hour two. And while you're doing that, it mifght also be worthwhile taking a peek into how many industrial process and industries require silver.
 
Mad as Fish said:
I'd heard tell of this, but is it now concrete?
Click to expand...
I believe so. The system is called ADAS. I think they are starting with remote speed limiters, eventually geofencing and switch off. The tech is in the new vehicles. I'll keep digging.
 
Fishalt said:
There's quite a lot of retardation in this thread. I think you might all benefit from asking yourselves what the worldwould actually look like if silver ever ran to 600$, and how regardles of how big your stack is, how that would be like winning gold at the special olympics, because you'd have to live in that world/market. Have a think about for an hour two. And while you're doing that, it mifght also be worthwhile taking a peek into how many industrial process and industries require silver.
Click to expand...
Is the suggestion that silver is slipping from its role as a bullion and entering the realms of being a mere commodity?
 
Mad as Fish said:
Is the suggestion that silver is slipping from its role as a bullion and entering the realms of being a mere commodity?
Click to expand...
It is a commodity. But no, it will remain a store of value the way it always has. Yielding no dividends, generating no income. Just sitting there on a contract or in a vault, doing nothing.
 
"To the moon". Source: Trust me bro.

1769814154956.png
 
Fishalt said:
There's quite a lot of retardation in this thread. I think you might all benefit from asking yourselves what the worldwould actually look like if silver ever ran to 600$, and how regardles of how big your stack is, how that would be like winning gold at the special olympics, because you'd have to live in that world/market. Have a think about for an hour two. And while you're doing that, it mifght also be worthwhile taking a peek into how many industrial process and industries require silver.
Click to expand...
The world would look the same with silver at 600 as it does with platinum today at 2200.

With gold at 25,000 , I would like to have some. I cant change the wiorld
 
Declan said:
The world would look the same with silver at 600 as it does with platinum today at 2200.

With gold at 25,000 , I would like to have some. I cant change the wiorld
Click to expand...
Wrong.

Silver at 600$ would be cataclysmic. The scale of economic contraction this would incur is scarecely imaginable. You'd be looking at hyperinflated prices across a myriad of consumer goods, and even medicines and hospital equipment. The price of critical equipment and services would skyrocket. This includes logistics and even energy storage. Energy itself would become more expensive. Electronics prices would go nuclear, which would have a flow-on effect for...well, virtually everything, including shit you're not thinking about, including construction, sanitation. If silver ever went to 600$, you would very qucikly wish it never had. You'd be looking at your stack of bullion thinking "Well, fuck me. I guess we didn't really think this through".
 
I wish it went to $6000 , never mind 600.

I am on an apple 17pro(i think) and I gorget what ot cost but according to google it contains $1.58 of silver. The price could ho up a hundred times and not make a difference.

A tesla car has 1.6 ounces.

It says if a new battery is developed it could go to 1kg. That is 34 ounces. At 600 an ounce, that is about 20k. I dont care, I have a gas suburban.

A laptop contains 30 cents of silver.

So, silver at 600 willl not impact at all
 
The present battery in a tesla costs 25k
 
Fishalt said:
Wrong.

Silver at 600$ would be cataclysmic. The scale of economic contraction this would incur is scarecely imaginable. You'd be looking at hyperinflated prices across a myriad of consumer goods, and even medicines and hospital equipment. The price of critical equipment and services would skyrocket. This includes logistics and even energy storage. Energy itself would become more expensive. Electronics prices would go nuclear, which would have a flow-on effect for...well, virtually everything, including shit you're not thinking about, including construction, sanitation. If silver ever went to 600$, you would very qucikly wish it never had. You'd be looking at your stack of bullion thinking "Well, fuck me. I guess we didn't really think this through".
Click to expand...
All very valid arguments.
Especially to the costs of electronics.
It could also be argued it would mitigate the throw away built in obsolescence business model.
The price of silver is inflation adjusted just about reaching the 1979 highs of the Hunt brothers.
The other reality because of the point I made above there's a lot more silver being consumed than produced currently.
We like cheap electronics but that has come at the cost of expensive silver.
The situation will continue to develop.
The price will oscillate a while yet.
And if silver prices hit the 400 600 dollar mark jn the near future.
There's probably much bigger things we need to worry about.
80 120 is what I would guess at in the immediate future.
There has been very high demand for physical silver rather than cash with contracts. In addition the premium in Shanghai is approx $30 for physical after the paper carnage .
 
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Declan said:
The present battery in a tesla costs 25k
Click to expand...
Which is precsely why car manufacturers are so keen on EVs. After ten yeas of running an EV do you buy a new battey or simply throw the old car away and start again? And it won't just be the battery, the operating system will likely be out ofr date and nobody interested in upgrading it , or the fancy dashboard, basically a tablet sat on its edge, will be failing, and who will bear the cost of replacing it, and that applies to ICE cars as well.
 
While we wait for most markets to reopen, the crypt is still is freefall, especially XRP, rumble
 
Mad as Fish said:
Which is precsely why car manufacturers are so keen on EVs. After ten yeas of running an EV do you buy a new battey or simply throw the old car away and start again? And it won't just be the battery, the operating system will likely be out ofr date and nobody interested in upgrading it , or the fancy dashboard, basically a tablet sat on its edge, will be failing, and who will bear the cost of replacing it, and that applies to ICE cars as well.
Click to expand...
That sounds about right
But it's so anti environmental and everything else it's meant to be!
The throw away society economic model is meant to be replaced with the circular economy.
 
Here is a mad thought.
A huge dump of physical silver on the market tomorrow.
From China.
 
It will put an immediate halt to people selling coins etc. getting maybe $80 when the dream thurs was 120, is too much. I know one lad that was on thr verge of unloading.

I will wait some time til the premium drops before changing more from gold to silver. More, are going from silver to gold, according to the lad in the shop, of those swapping.

He said that he is seeing more selling back to him than buying but not to conclude anything from that as most other stores are not buying, so he gets more coning to him to sell.
 
Declan said:
It will put an immediate halt to people selling coins etc. getting maybe $80 when the dream thurs was 120, is too much. I know one lad that was on thr verge of unloading.

I will wait some time til the premium drops before changing more from gold to silver. More, are going from silver to gold, according to the lad in the shop, of those swapping.

He said that he is seeing more selling back to him than buying but not to conclude anything from that as most other stores are not buying, so he gets more coning to him to sell.
Click to expand...
Huge manipulation occurring.
Anyone with leverage had stop loss triggers.
That also contributed to the collapse cascade.
Wouldn't be surprised if electronics firms dump a fair chuck of their holdings to drive the prices and their costs down in the longer term.
 
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Neither will happen, companies or china dumping. I hope it goes lower myself even though I still have plenty of positions. I sold a few and one big positions as it had already quadrupled. I rolled over some portion, but to summarize, I was very lucky.


The physical price, does not affect me as I am buying not selling,

But my shares are walloped, no effect.

My remaining options though, they are down up to 90% and they certainly do effect me
 
Declan said:
Neither will happen, companies or china dumping. I hope it goes lower myself even though I still have plenty of positions. I sold a few and one big positions as it had already quadrupled. I rolled over some portion, but to summarize, I was very lucky.


The physical price, does not affect me as I am buying not selling,

But my shares are walloped, no effect.

My remaining options though, they are down up to 90% and they certainly do effect me
Click to expand...
Enough of a dump to shake out the waverers and those with tight stop loss triggers.
Ĺ
 
We await the most interesting open yet in 20 minutes
 
Down 2 dollars and falling
 
Declan said:
Down 2 dollars and falling
Click to expand...
I was mistaken, that is a spot price. The important one, the futures, is actually up a couple of dollars.

Even if it reverses, it has not crashed, so the mining stocks will be up in a bounce back. But it is a long way to 9.30 am
 
Declan said:
I was mistaken, that is a spot price. The important one, the futures, is actually up a couple of dollars.

Even if it reverses, it has not crashed, so the mining stocks will be up in a bounce back. But it is a long way to 9.30 am
Click to expand...
There has been incredible manipulation of the precious metals market.
And not a squeak about it.
 
Firefox has summarized the whole thread with AI
 
The selling is over, but with a big difference, gold is doing a bit bit better relative to silver than before. I reckon the focus is shifting to the dollar resuming its decline
 
Going the right direction
 
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