Discussion in 'Silver' started by Golden ChipMunk, Aug 22, 2020.
Pffffft. Ha ha ha.
Piricco not wrong! BS!!!!!
Ha ha ha.
Perhaps I should say, Piricco might actually be correct instead, at least in the short term.
its not Bull Shit
its Cow shit
the lady is always RIGHT
Pirocco not Piricco or Picorro
Anybody that buys a product as inbetween step towards another product (thus the monetary role of storage of value), is a speculator. Even working > earning dollars, is speculation, on the dollar.
Because, there is was an existing risk before the act of speculation.
And that is also the difference with gambling, there the risk only comes into existence upon the act of gambling (ex. pulling the lever of a slot machine).
So all data of products used as such, is relevant, no matter "physical", "paper", "electronic", ...
It wasn't the virus that made producing people sick and so unable to produce and so stall production as a whole.
It was the government that did that, locking down economy, halting production.
And the pandemic will only be over when sufficient (based on reproduction rate of the SARS-CoV2 virus) high % herd immunity. But if governments lockdowns "worked" to reduce spreading, they also "worked" to block that building up of immunity. Meaning everytime lockdown is lifted, the virus will spread again. And so on, until finally required herd immunity % is reached.
If governments had done nothing in march/april and later, THEN the pandemic would have been over. With a same amount deaths and infected, as the "lockdowns" story will have accumulated in the end.
The difference lockdown / no lockdown, for the pandemic over time, is zero.
It doesn't make it better and it doesn't make it worser.
But the global net result will be hefty negative, the "side effects" of the lockdown.
So it's sure that a crisis will be next, that's also the whole motive the governments had with the lockdown, the virus itself doesn't interest them a penny, they just saw an opportunity to further restrict peoples freedom and especially, achieve a next crisis, in order to get rid of some existing money, so that their new created doesn't face that competition anymore.
The central planning wants price inflation, and is willing to do anything in order to achieve their targeted rate, not more, and not less. To prevent more, they need speculators to waste their dollars on temp driven up prices. An old story, that is. Then newspapers headlines "X billion dollars vaporized on stock market in a single day.". Reality is that those X billion dollars didn't go up in smoke, they were used to buy your production, and the dollars you earnt for it, will have that X billion less purchasing power for them.
The relation gold silver is also a consequence of such central planning. Silver has more non monetary usages than gold. Meaning frontrunning silver market hits more than silver speculators. They don't want that. What do they do: they "support" gold in order to make ppl think gold price is more reliable. So people buy silver, sell silver for gold, sell gold for what they really wanted. But be sure, at that last stage, governments will crash golds price by dumping the stocks they accumulated, and swap from 600 tonnes buying annually, to 600 tonnes selling. That is the price effect of 1200 (600 to -600) tonnes.
And so, it's a matter of GETTING OUT in time.
Silver posibility Shoot up to $140.00
Can Ag Really???
High Chances it can.
This % will out perform many metals.
People have been talking over the decades.
I do have 120-130USD as one of Fibonacci expansion target after 36&78-80 level in US dollar. Nothing is out of question with tons of cash&leverage available
may be the next AI breaks trough would require more silver, that will propel silver to extinction price
when gold is above the 2011 peak, while silver is half the 2011 peak
got to be kidding ....
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