As the Elites dont want people to become insanely wealthy here's what they have planned. 1) Let Gold prices soar to all time highs - target $2200/oz 2) Let the media saturate the public with 'Gold fever' hype 3) Once they have drawn the massess into investing into Gold they will let silver soar overnight to it's true price..My guess $400 - $1000/oz By then the common man would have taken the 'Gold' bait and missed the greatest opportunity of all time. Wake up people.
LOL is all I can say, love the enthusiam of the new stackers, "mummy my 2oz of silverz goanna make us millionares"
a ten-fold increase is good - no matter what the ounces are. i've said all along that all that counts is how many ounces you have. the more ounces - the more leverage you have
the people that will make money in the silver bull will be those that play the paper market or people who offload physical at certain price points along the bull, yes we will have a hyperbolic blow off but @ 400 aud per oz? very unlikely, industry and tptb will never allow poor mans gold to get that high. During the 80s spike tiffanies took out a full page advert against the hunt bros and their activities.
I used to think like that when I first started stackin Ag, but today I sold all of my stack except for one silver Maple. I'm waiting for the CME to raise margins on gold (which I think will happen at the end of this week if gold keeps pulling crazy gains) then I shall pick up some more Au
So gold being remonetised is bad for silver and will mean the gsr won't go back to 16:1 at some stage? Can't see it myself.
I still have Maple, I have taken a liking to gold over the last little while. In my eyes silver is not stable enough to be considered "money" due to it's industrial uses, I do like silver but I felt like it meant to be traded than hoarded like old yeller
In my opinion, this is a banker scam to take as much Silver and Gold, out of the hands of everyone. A common thread at the moment, in many reports, is another banker scam is underway. They would have a lot of trouble confiscating/nationalising Gold and Silver. Particularly as a lot of it is now in Asia, and the Middle East. They jack-up the price, and a lot of that mainly hidden junk silver coins and silver jewellery will come to light. This will make Gold and Silver too expensive for most people to own.
I find this scenario unlikely, reason being the silver market is much smaller then gold. What do they achieve in sucking people into silver and guiding people into gold? How much lower can they drive down the silver price? There may be a miniscule chance of the scenario happening posted by the original poster, but I believe the chance is there. Simply because of the amount of greed by the banksters. They may have already loaded up big on both metals. Monetizing both will provide them with the scenario of the greatest wealth transfer in history. Why buy 1oz of gold when they could have loaded up 80oz - 40oz (depending on GSR) over the last 2 decades. Interesting times ahead. Slam
