silversky

One day Im going to troll through all these posts and write a book on it.
With the right illustration it would make fantastic political/economic satire tennis for a certain type of person. 

So who's money is on silver plummeting next week? I just bought a full set of queen beasts!
I say 'bought' I still have to pay for them.

World reserve currencies last various times. We must remember many of these periods had partial backing of currencies with gold. Today we have the full fiat system. Monopoly money.
https://satoshichris.substack.com/p/world-reserve-currencies-last-on
If the US had kept out of wars and other follies, as well as acting like it did before 1913, then the dollar would never have been called into question. Following WWII America was a goliath. Most of the gold and most of the industrial base was in America. Since WWII it p*ssed it all away. All the treasure and advantage has been squandered. 

i saw a speech from Ronald Reagan in the early 1960's. He was saying then that there were more dollars than there was gold to back them. 
Since Nixon took the USD off the gold standard there was a brief period in the early 1980's when gold got to a high enough price and there was (allegedly) enough gold to back the dollar. They could have gone back on the gold standard and been sensible. But what we had was the financialisation of the US economy at the hands of Reagan. The same happened in the UK with Thatcher. It was Champagne Charlie, Big Bang and banks running amok. It was the end. The industrial base was gutted and we saw the advent of the service sector economy and consumerism.
From what i hear there will be no world reserve currency after the USD, unless we count in gold. The Chinese do not want the yuan to be world reserve. They want to internationalise it but not to take on the mantel of world reserve. World reserve is something of a kiss of death b/c you have to run trade deficits. Other countries want your currency, so you buy goods and services, you send them your currency. This creates balance of trade deficits, encourages the run down of your economy, makes it a consumer economy. There also emerges the likes of the Eurodollar when non US banks start issuing dollars They are creating your currency and you have lost control. It all becomes very messy and it ends in tears. 

It comes down to the threat of force.
As it stands, the United States is now got its tail inbetween its legs. Its coming. The attempts made by the World Economic Forum and other globalist entities is an act of desperation to maintain the central banking cartel. The last act is the "green energy" delusion. The cartel want to print/credit $5trillion. Its over. Finished.

I meant no WESTERN country.  The liberal order is entirely addicted to ponzi fiat scheme and will not be going back voluntarily.  My point was that they may be forced to by the actions of others, either by concerted action economically or by war itself.  The former is more likely, with control of energy being usurped from the now hopelessly crippled west because of climate guff.  But the latter is certainly not out of the question.  Pressure continues to build and at some point something will give.

Climate guff?!!

I meant no WESTERN country.  The liberal order is entirely addicted to ponzi fiat scheme and will not be going back voluntarily.  My point was that they may be forced to by the actions of others, either by concerted action economically or by war itself.  The former is more likely, with control of energy being usurped from the now hopelessly crippled west because of climate guff.  But the latter is certainly not out of the question.  Pressure continues to build and at some point something will give.

Minimalist is correct. The world is changing very fast. Most people in the West haven't a clue and will be caught completely by surprise. They look at the controlled media and see countries where the currency has collapsed and the mess it causes but don't join the dots with the situation around them. No-one owes you a free lunch. The countries repatriating their gold and those stockpiling it are not doing this for fun or because it is a shiny metal. There is method in their madness. There will be gold backed digital currencies. He who has the gold makes the rules. 

Wrong.
The East are preparing for it. They are purchasing Gold in record amounts. They will roll out a digital-hybrid-gold-system. The value will be directly linked to gold.

Correct china is already looking at a digital gold backed yuan.

A country in a desperate state cannot afford jack sh**t, so how are they going to get the gold to back their worthless paper? They aren't.
The gold standard never failed, it was failure to apply the gold standard.
Debt is only as good as the ability of the debtor to pay. Lots of debt disappears.  
When fiat becomes worthless as all fiat has eventually done, then what will happen? Are people who have no hard assets but had misplaced faith in the paper system going to accept another fiat?
What other countries will accept this new unbacked (worthless) currency?
What it means for the citizens of the bankrupt fiat countries is poverty (unless they have hard assets). The country will become incapable of importing goods b/c the currency is trash. 
Some members seem to imagine things will somehow carry on carrying on as before. The system is broken. It was always going to break. More of the same is not the solution.

I get what you mean about the regulation but then how would you describe the JPMC $920million fine for market rigging? They aren't a "central bank" and I wouldn't believe that it was only a handful of lowly traders. Those decisions to rig markets too that extent come from the top.
You only need to look at the below and see the size of the fines that these banks have paid since 2000.
https://violationtracker.goodjobsfirst.org/prog.php?major_industry_sum=financial+services

Martlet is correct, no country will voluntarily move back to hard money.  But war changes everything, and the losers will have their debts called in.  We're already in the midst of a social civil war, with Western nations now in freefall and no sign of a soft landing.  How long before an actual war? 

Yes the Chinese manipulate the yuan down at this point in time as the USD heads down the drain. They are similar to the Swiss who have for years sold their currency down or else their products are simply too expensive for foreigners.
The USD is no longer circling the drain - it is heading down the drain.
The Belt and Road Initiative is about the multipolar world. Getting away from dollar hegemony and the unipolar world. The Western financial system is f*c*ed. The USD is blowing up and Western governments will be f**cked yes.
The Chinese are flushing speculation out of their economy. They have been clamping down on crypto for some time - it just stepped up a gear with a ban. They made changes last year which (deliberately) brought about Evergreene. 
You are thinking in terms of the old paradigm. A new paradigm is forming and a foundation stone of this will be gold (and silver).
When the time comes and i do not expect that time is so many years away, the Chinese will reprice gold and launch the gold backed yuan. There will be a gold backed ruble as well. Russia and China have in the order of 40 000 tonnes of gold each, after years of draining the West. The reality is the world is rapidly de-dollarising and the American Empire is collapsing.

The private / public banks are just fall guys, shells for the public purse to bail out.  The real action takes place amongst the 'elite international crowd' who hang out in cliques such as Bilderburg and Davos.  Numerous other groups exist where simply vast amounts of accumulated wealth and resources are controlled.

The bankers are keeping metals suppressed and to be honest they are doing well at it. But for some reason its met with members on here claiming they arent (you know who you are) despite unequivocal evidence.
In fact the "fiat system/credit/banking system" depreciates off metals anyway this is a fundemental fact so its the biggest proof of the truth.
The very act of Gold and Silver is seen as insurance in the Financial system alone is the smoking gun evidence.
Central banks control our planet - Its a farmed system disguised through the instrument of financial securities/"terms of art".
We are the cattle and we know it deep down. Most of the sheeple love their enslavement. Harsh reality. But I can admit it.

You can thank the paper markets for  that - its the biggest fraud in history. Give a man gun, he can rob a bank, give a man bank he can rob the world....

i am hearing through Maguire and through Kinesis (wholesale physical silver) that at the moment in the paper market conditions are vapour thin, not so in the physical market, demand for silver is massive. Kinesis took delivery of 24 tonnes of silver yesterday from Russia at the Lichtenstein vault and a further 100 tonnes is being sought for immediate delivery (but the market is tight so it isn't available right now).
Maguire has commented somewhere in the last week or so that refiners cannot sell above certain limits or their banks take action against them. He mentioned a Russian refiner - so i wonder if this is the one who delivered the 23 tonnes yesterday but can't supply the other 100 tonnes (but may well have at least some of it).
A few years ago, about 6 months before Kinesis started Maguire talked about the gold market taking off. A massive order was being placed for gold. This would have sent the gold market into outer space. Maguire got some stick as the gold market did nothing. The order was refused by the bullion banks. 
If you want a tonnage order of gold or silver you cannot just get it. You might not be able to fill it for months. But with the price of metal on the paper markets on the floor - one would think it would be plentiful. From the charts no-one wants the metals. The charts reflect paper in the COMEX and on the spot market. If you want large volume orders filled you will not pay the chart price. It will be significantly higher. So if you can't buy larger amounts of metal at the chart price what does the chart price mean? What is the chart about? It is a fictional price for volume orders. At best it is a rough indicator. If there were a true market price in an unfettered market then we would be looking at much higher prices. Chartists look at the charts and think this reflects the true price. It doesn't. They have no sight into the physical world beyond a handful of coins.

Pretty heavy gunning at the open.  Wonder if it'll form a spike low or if there's more to come?  Must be pretty annoying for the longs that had their stops smashed.  Same old game.

Rick Rule said in a recent interview that a bull market in the metals initially makes progress in gold when there is fear - but in the second half when there is greed, then silver surges ahead. 

Im one of the largest anti-cpi measurement people on this forum. I have looked through this data. They cant hide it. Rates have to go up or they will be forced into admitting it. Or they will have to do a false flag operation to focus all the attention away from the printing press.
Either way somethings going to happen. The reset is coming.

It's already here to an extent/on some levels.

I know they cant but how on earth are they going to deny the inflation this time round?
If they dont put up rates - we are going to witness hyperinflation.

Just take a look at the most recent report, CPI reported only 5.3% - utter nonsense.
The biggest joke is the house rental market coming in at (from memory) about 0.2% - total nonsense - look at this BS:
https://www.bls.gov/cpi/latest-numbers.htm
And:
https://www.bls.gov/news.release/cpi.t01.htm