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Reddit Investors Piling Into Silver Drive Up Prices a Second Day

anywoundedduck

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gringott

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Naw, deflation. I read it here.
 

Tbonz

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how do, generally good people, find themselves in an alley, at this point in their lives?


we've been lead by leaders who are being led

and the Lead Actors, in all of it, have been the same for decades

and those leaders who lead the Lead Actors, they have changed names and country flags, over the decades....

what a circle jerk

and on the surface, it appears to still be a continuing set of leaders and their leader has been around for 40+ years and his leader is from China

what a circle jerk

It's bend over and take it in the arse time.

I'd guess that most of the people that have ABUSED our "credit system" know what's coming.

We're screwed, accept it, don't accept it, doesn't matter.
 

Buck

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It's bend over and take it in the arse time.
I'd guess that most of the people that have ABUSED our "credit system" know what's coming.
We're screwed, accept it, don't accept it, doesn't matter.
there's truth to the saying: It Is What It Is, and when left alone as a theology, an ideology, at that point, it's anything goes...

tear off the rear-view mirror because there's nothing back there to be concerned about

sad truths come out in sad times i suppose

:beer:
 

nowon

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https://www.linkedin.com/pulse/single-ounce-gold-can-now-buy-house-venezuela-because-weissmann



A single ounce of gold can now buy a house in Venezuela because of hyperinflation
August 6, 2016 • 10 Likes • 4 Comments

Gunter Weissmann
Business Owner at CreativeDesigns.Pro
Since last year, monetary policies instituted by Venezuelan President Nicholas Maduro have skyrocketed inflation to the point that it is on the precipice of hyper-inflation. And reports going back just two months ago show that it is costing citizens around $150 just to buy a dozen eggs.

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The official price of eggs is 1,020 bolivars. Yes, the government maintains “official prices.” But Venezuelans can rarely find eggs at the government-run food stores. Maria Linares is a 42-year-old single mother who works for a government ministry as an accounting assistant. She told the Los Angeles Times she has to buy eggs on the street from vendors. Cost? Around 1,500 bolivars for 1-dozen eggs. That translates to $150 at the official exchange rate. -Schiff Gold

-

Yet something interesting is occurring in Venezuela at ground level outside the rise of black markets and government alternative price controls. And that is that physical gold and silver are both superseding the soaring price inflation tied to paper currencies, and according to a missionary who lives and works in Venezuela, a single ounce of silver can buy enough food for a family to last three months, and an ounce of gold can buy you a house.

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Tom Cloud: We got an incredible email this morning from one of our clients who's brother in law is a missionary down in Venezuela. And he was telling us that in Venezuela, once ounce of silver will buy you food for three or four months... one ounce of silver. And an ounce of gold will buy you a house.

-

So we're starting to see what I've talking about and predicting for over a year, that we're going to see these countries in Central and South America where everything is going to collapse and if you don't have gold and silver, you literally have nothing.

-

http://PureGoldConnection.Biz

Gunter Weissman
 

solarion

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GOLDBRIX

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solarion

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That can't be right...the gumbymint says there's no inflation! ...surely *THEY* wouldn't lie!?!

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GOLDBRIX

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solarion

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USD/VES - USD / Venezuelan Bolivar

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solarion

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This is my second venture with CEF in my investment life. 1st time with SPROTT at the helm though. DYODD
I'm sticking to physical, but I know there are plenty of folks out there that still think it's okay to have others hodl onto "their" stuff. It's difficult to imagine a less trustworthy entity than the convicted criminal organization called JP Morgan, so at least Sprott is an upgrade there.
 

GOLDBRIX

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I'm sticking to physical, but I know there are plenty of folks out there that still think it's okay to have others hodl onto "their" stuff. It's difficult to imagine a less trustworthy entity than the convicted criminal organization called JP Morgan, so at least Sprott is an upgrade there.
Had that too ( damn boating incident). I like SPROTT because it is outside the US. It trades here in the US but it's vaults are physically in Canada.
(Sitting here looking at a 1921 Morgan - AU - I just acquired recently). ( *_^ )
 

GOLDBRIX

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Stole this from Goldhedge on another topic. THANX ( big thanx) GH:
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solarion

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There are people actually waking up to the fiat scam and wall street's criminality.

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Goldhedge

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GOLDBRIX

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pay dirt

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solarion

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Back over $40k. It's a free market that's outside of JP Morgan and their spoof scams.
 

solarion

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...at least they're not bitter.

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Last edited:

SongSungAU

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I was surprised to see this post on Gab. Someone trying to enlighten some folks regarding precious metals.

JR210208.jpg
 

EO 11110

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rolls of eagles still selling for 700 at that auction site
 

solarion

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1612851435346.png
 

Voodoo

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smooth

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solarion

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It's not silver that disappoints, so much as it is banksters that impress. With their bottomless pit of greed, corruption, and manipulation tactics. The goal is to break their paper collar on a physical commodity market.
 

ZZZZZ

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It's not silver that disappoints, so much as it is banksters that SUPPRESS. With their bottomless pit of greed, corruption, and manipulation tactics. The goal is to break their paper collar on a physical commodity market.
FIFY.
 

nowon

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From Zerohedge article
To put this into perspective, over the 3 trading days from Friday 29 January – Tuesday 02 February, the iShares Silver Trust (SLV) just by itself claims to have added 3415 tonnes of silver, of which 1,070 tonnes was on the Friday 29 January, 579 tonnes on Monday 01 February, and another 1765 tonnes on Tuesday 02 February. This 3415 tonnes equates to 14% of annual mine supply and 10% of all the silver that the LBMA claims is in London vaults.

Another 3-4 days of similar magnitude dollar inflows just into SLV would require SLV to source another 3000-4000 plus tonnes of silver, which is mathematically impossible based on the amount of silver said to be in the London vaults. This could cause the SLV to literally seize up and cause all the other silver ETFs with London storage to seize up too. This is assuming no new silver arriving into the London market in quantity at this time. Which is not an unrealistic assumption to make given that there is currently a global demand spike for physical silver. In other words, “terminal market” physical silver inventory would not be “finding its way into Europe” since global investment demand is strong, not weakness
https://www.zerohedge.com/commodities/houston-we-have-problem-85-silver-london-already-held-etfs
 

solarion

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