Why won’t the silver and gold price move higher????
Why won’t the silver and gold prices move higher?
You would think with all this money printing and lending going on the prices should be skyrocketing, so why aren’t they? The conclusion that I have come up with is the central banks, bullion banks, big banks and government agencies in the western world are working in unison to not only control the precious metal prices but all commodity prices, in doing so they can hide their massive inflationary policies.
If the price of essentials were to skyrocket like they did in the seventies, they would have to raise interest rates to alarming levels to contain these price breakouts. The consequences of higher interest rates would wreak devastation on the entire global economy almost instantly into a situation that has never been witnessed in human history. Then the question arises where is this massive inflation going? I think this inflation is deliberately being directed into property and share markets, to create the wealth effect to keep people borrowing and spending because they think they are much better off.
This can also explain the meteoric rise in crypto currencies, People who are smart enough to see what is happening have been deliberately turned off the precious metals, and the only alternative to get out of this controlled system is in the crypto’s. The main problem for the controllers is they don’t have a controlling mechanism for the crypto’s and their massive inflation is starting to go from a trickle into a torrent. This massive inflation of the crypto’s is the modern version of the canary in the coal mine, and in my opinion is just the start of a tsunami of capital looking for a safe harbour. The ultimate safe harbour for the last 5000 years has been silver and gold, and when this levee gives you will not believe the prices the metals will achieve.
Do you have your silver and gold yet?
By the @silverbug.
Thanks for your visit and time. Cheers
good post, silverbug. really something for the steemsilvergold tag. your last one became the most commented of the week as you can see here in our new members report.
upvoted with greetings from another member.
Thanks for that @pawos, It's good to see the steemsilvergold community is growing all we need now is for our portfolio's to start growing. Lol Cheers
Its all manipulated through selling paper gold.. ( gold that physically does not exist and gold through EFT, people tried to claim their gold from that german bank that nearly went under.the bank refused..simply because it did not have the gold they sold..jim rickards did a good article on how the big banks have sold over 100x more gold than has been mined since the records started...i beleive they are doing it to turn people off precious metals..but in the long run metals are the best asset against the worlds failing economy..
It's all true my friend, we will have our day soon. Cheers
Thank you Silverbug, upvoted. Thank you also for being one of my best followers. Highly appreciated.
Thanks my friend, you look after me too my friend. Cheers
Bought most of my precious metals after the big crash I believe it was 2011-2012. I got enough! Keep it as insurance. The markets could be manipulated, and if they are Silver should be around 650$ and Gold 9000$
How much you got? Hans Bocker says you need your body weight in Silver. I had better start taking off some weight...
The "real" price of silver should be around 700$ oz. In a scenario like that nothing else in the world works, so you it depends I suppose. If you think the world could go back to the pre industrial age, then there is probably no limit to how much silver you should own. Personally Im not betting on that too much, unless we have a massive EMP wipe out or nuclear war. Which is of course probable. It can happen. But I'm betting a little bit more on a better future (thats why im investing in crypots and other things) I'm thinking you should aim for about 300,000$ worth of silver at at price of 700$, which is basically 500oz of silver. If you're making a lot of money, then perhaps dubble that is OK.
Thanks buddy.
Thanks for the comment, I think we will see those prices in the future my friend. Cheers
upvote and resteemed...great information
Thanks for that @hisilverstacker I appreciate that. Cheers
Silver will have its time to shine. It can be volatile, but it can also lay low for a long time. Remember all that counts is what you pay when you buy it and when you sell it. Stay diversified and have fun!
And I might also add, only sell it as you need the money. Cheers
I think, that there is still too much gold and silver left to be mined, so the price had to stabilise sooner or later. This will change when it all ''dries'' up :D Keep up the good posts @silverbug, I will follow you, feel free to follow me back @johnsons :D
The problem with the gold in the ground is it cost more to get it out than they can sell it for. Thanks for the comment and I will follow you. Cheers
Good news. thanks for sharing information ^_^ i always enjoy with your article.
Thanks for your comment, cheers.
Nice post, yeah it's frustrating to own physical metals & mining shares and to see the prices continue to drop, but there will be light at the end of the tunnel!
That I have no doubt my friend, thanks for the comment. Cheers
Paper markets are messing w the price. It's all a sham tho but I'm not sure with all the manipulation it's ever gonna blow up until JP Morgan wants it to..
When the worlds capital panics they will not be able to hold back the tide my friend. Cheers