Silver Monitoring Thread £ (GBP) only.

[Gruff]

@Minimalist completely agree. The way the Russians have slowly over the last 6 years or so disposed of their US bonds in their foreign currency pile and returned to mining and purchasing gold should have other countries seriously looking at the their own reserves. 
At least with Russia a little more is known of the gold reserves than China, albeit still a finger in the air job.

[Coverte]

@Gruff

Elvira Nabiullina has done and continues to do a fine job, very shrewd and sometimes discreet ongoing gold accumulation. 

[Gruff]

5 minutes ago, Coverte said:

@Gruff

Elvira Nabiullina has done and continues to do a fine job, very shrewd and sometimes discreet ongoing gold accumulation. 

Thanks, I'll look them up and do some reading 

[HawkHybrid]

13 hours ago, sixgun said:

Knowing mining production means you know most of the supply side (which i don't believe anyone was actually disputing until you decided to make a strawman argument out of it). BUT it doesn't mean you understand an important part of the supply side.

 

more contradiction of terms. supply is about numbers.

when someone has the lion share of supplying the market, they are the most important part of supply.

if the miners average 80%+ share of each years mining supply is not the most important part of supply,

then you really need to state with figures what is?

'an important part of supply' sounds like keith neumeyer is claiming that he is important because the

figures are obviously not highlighting how important he is.

talk is cheap. stump up the figures if you want to be taken seriously.

 

HH

[Coverte]

6 hours ago, HerefordBullyun said:

What you have to understand and your talking to is an IT guy, and a bloke who knows a thing or two from serving in the forces,

Tech is a double edged sword, it can be used for the good or used as weapon, But also nothing in tech is foolproof including crypto. Its exploitable.

 

Your take on the last US election vs Tech ?

Not rigged as Trump foolish assertions, but certainly by combination of big tech and media,                                                                                                                                                                                                                                                               an increasing number the US now seem to realise the media with Tech can only carry news aligned to their cause and label anything other than that as false news.

Or, as The Wall Street Journal put it, to “suppress unwanted elements of US political conversation”.

Pretty scary, especially now we see Trump is actually ahead of Biden in current polls (which, of course, at times, must be taken with multiple pinches of salt, I know)

[Minimalist]

39 minutes ago, Gruff said:

@Minimalist completely agree. The way the Russians have slowly over the last 6 years or so disposed of their US bonds in their foreign currency pile and returned to mining and purchasing gold should have other countries seriously looking at the their own reserves. 
At least with Russia a little more is known of the gold reserves than China, albeit still a finger in the air job.

100%.

Russia is set up for resilience monetarily and militarily. They are best positioned in Europe by a distance, I mean a FAR and CLEAR distance. What a joke we are in (West) - "just keep printing"  "its transitory dont worry" - this perception, denial, conditioning and delusion is going to hurt us really… really… really bad. Its infuriating watching this and no artificial and hidden measurements can deny this reality. Anyone and I mean anyone who genuinely believes that our economies are strong needs be fired into a straight jacket. This is insane.

[HawkHybrid]

49 minutes ago, Minimalist said:

See if you bring the average keynesians attention to history and explain no fiat system has ever survived the denial, the outright refusal to acknowledge this fact is so prevalent that you are met with "its different this time because…"

no one here is denying that fiat currencies will all fail.

historically, how long has it taken for a world reserve currency to fail?

the £ has seen decades of failing and each £ is still trading above each $(current world reserve currency).

people are claiming that there is going to be more of the same for many years to come.

you might find that it is you who is in denial with 'its different this time because...'

 

HH

[Minimalist]

6 hours ago, HerefordBullyun said:

Tech is a double edged sword, it can be used for the good or used as weapon, But also nothing in tech is foolproof including crypto. Its exploitable.

Thats why I dont go near Bitcoin as much as people around me (my age group). Its faith based. Dont get me wrong im all for it but theres a massive denial aspect. 

[Bars]

@Minimalist and @sixgun  for President and Vice-President of The silver forum

[Minimalist]

Just now, HawkHybrid said:

no one here is denying that fiat currencies will all fail.

historically, how long has it taken for a world reserve currency to fail?

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.

[Minimalist]

5 minutes ago, HawkHybrid said:

you might find that it is you who is in denial with 'its different this time because...'

Russia, China and myself are all wrong and in denial. Got you.

Tell you what HH, keep they worthless securities, ill purchase ALL of your metals right now. All this philosophical commitment for the cartel is going to burn you, and I know you dont want to admit it, but thats the truth.

[HawkHybrid]

13 minutes ago, Minimalist said:

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.

so basically you are saying 'its different this time because...'

the £ has taken over 70 years to fail(I'm counting from 1947), and counting...

if history rhymes/repeats then should the american $ be expected to take over 70 years to fail?

 

HH

Edited September 26, 2021 by HawkHybrid

[Minimalist]

20 minutes ago, Coverte said:

Not rigged as Trump foolish assertions

I think he is right in terms of the swing states. Dead people voting and the mail-in ballots tell you everything. I dont believe for a second he lost Arizona.

[HawkHybrid]

6 minutes ago, Minimalist said:

Russia, China and myself are all wrong and in denial. Got you.

china and russia are playing the long game. decades long game.

 

HH

[Minimalist]

1 minute ago, HawkHybrid said:

so basically you are saying 'its different this time because...'

the £ has taken over 70 years to fail(I'm counting from 1947), and counting...

if history rhymes/repeats then should the american $ be expected to take over 70 years?

Nope. Its the same. The United States are bluffing in every capacity. Once Russia and China call it, you know and I know that its curtains.

[HawkHybrid]

4 minutes ago, Minimalist said:

Once Russia and China call it, you know and I know that its curtains.

once china and russia call it in decades time because they both play the decades long game.

@Minimalist question is, are you playing the decades long game that china and russia are playing?

 

timing is everything?

 

HH

Edited September 26, 2021 by HawkHybrid

[Minimalist]

3 minutes ago, HawkHybrid said:

@Minimalist question is, are you playing the decades long game that china and russia are playing?

Im not playing any game. I use metals as protection.

[sixgun]

1 hour ago, Bars said:

@Minimalist and @sixgun  for President and Vice-President of The silver forum

sixgun VP - yeah i could stand behind the throne looking serious.
i am the Consiglieri and not the Don.

[HerefordBullyun]

1 minute ago, sixgun said:

sixgun VP - yeah i could stand behind the throne looking serious.
i am the Consiglieri and not the Don.

Can I be the culture secetary? My first policy will be free obligitory BJs for war veterans!

[Minimalist]

12 minutes ago, sixgun said:

sixgun VP - yeah i could stand behind the throne looking serious.
i am the Consiglieri and not the Don.

You cant be VP, your older, you have the experience and your liked more than myself.

10 minutes ago, HerefordBullyun said:

Can I be the culture secetary? My first policy will be free obligitory BJs for war veterans!

Thats fair. We are going to declare war on another forum soon, I order you to get these snowbunnies ready after our victory.

[sixgun]

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. 

Edited September 26, 2021 by sixgun

[HawkHybrid]

2 hours ago, Minimalist said:

Im not playing any game. I use metals as protection.

always dodging the essence of the question. (people don't take you seriously because you are acting childish when confronted

with a serious question)

you are either holding metals long term like china and russia, which you should not expect high short term gains(moon shots)

alternatively, you are expecting high short term gains, in which case don't use china and russia's long term positioning in metal

as a way to defend your short term positioning. long term and short term positioning are very different things.

 

HH

[HawkHybrid]

1 hour ago, sixgun said:

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.

random, irrelevant and vague rubbish as usual.

it's not like we don't have figures for since 1971 bretton woods or 1947 last date for british silver coin minted.

what's wrong, can't bring yourself to say that it's been 50 years since bretton woods as that would put a time

perspective into how silly it would be to expect a complete failure of the american $ within the next few years?

3 hours ago, HawkHybrid said:

the £ has taken over 70 years to fail(I'm counting from 1947), and counting...

 

HH

Edited September 26, 2021 by HawkHybrid

[dicker]

Back into energy companies.  I was with Peoples Energy, which is now being sued by its employees having run up the white flag. Sad because their stated aim was to provide a level energy playing field.  Allegedly they were not supported by the Scottish government.

I note that the Scottish government burned by the state intervention fiasco of ferries have “rowed back” from providing a state sponsored energy supplier.  

I suspect the Scottish tax payers will pay the price.  
 

Best

Dicker

[Stacktastic]

1 hour ago, HawkHybrid said:

random, irrelevant and vague rubbish as usual.

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.

Edited September 26, 2021 by Stacktastic