Silver Squeeze Explained in 2 Minutes!

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Can't eat silver? What kind of argument is that? Can you eat lumber? How about paper dollars? Might be yummy, but no nutritional value. But you can get lumber for free, just look at this stack of 2x12 pressure treated I scored for free, just like the free money that magically appears in my bank account from the gov.


Check out these free 24 ft 4x12 cedar beams.


That I got from here.


But do you know what doesn't come free? Silver, in fact I haven't found much free silver at all, hmmm I wonder why?
As for no manipulation, I thought only the mindless masses fell for that crap. The evidence is pretty clear, here's a couple of links for those that care.

Gold market manipulation: Why, how, and how long? (2021 edition) | Gold Anti-Trust Action Committee | Exposing the long-term manipulation of the gold market (gata.org)
Why have Western central banks been rigging the gold market?

It's because gold is a powerful competitive international currency that, if allowed to function in a free market, will determine the value of other currencies, the level of interest rates, and the value of government bonds. In a free market gold's performance is usually the opposite of the performance of government currencies and bonds. A rising gold price signifies the weakening of government currencies, at least the government currencies in countries that don't produce a lot of gold.

So central banks fight gold to defend their currencies and bonds against competition.

The problem is that the tactics of Western central banks in their war against gold affect far more than gold. They affect markets generally and eventually destroy markets generally and damage the economies of all commodity-producing countries. This destruction of markets now has a name, a name used even by former members of the U.S. Federal Reserve Board. That name is "financial repression."

Much academic literature and many government records confirm gold's relationship with and influence on currencies, interest rates, and government bonds throughout history.

Some of this literature and some of these records are posted in the “Documentation” section of GATA's internet site:

http://gata.org/taxonomy/term/21
Chris: I can help create your title slide here (gata.org)

 

...in space, air is priceless...Spark

 

These questions reminded me of an Aesop Fable:

The Rooster and the Jewel:
A Rooster, scratching for food for himself and his hens, found a precious stone and exclaimed: "If your owner had found thee, and not I, he would have taken thee up, and have set thee in thy first estate; but I have found thee for no purpose. I would rather have one barleycorn than all the jewels in the world."

 

There's 1 quadrillion gallons of clear fresh water just down the road from me, and yes, it is priceless too! But free for me!

 

So what? You were able to find someone who wanted wood removed, and you provided labor and got to keep the wood. What does that have to do with the price of tea in China? I have gotten silver coins in change, isn't that "free" like you are talking, but with no labor involved? Heck, I have traded wiring a room addition for a car before, was that car "free"? Is your paycheck, in which you trade your labor for pay "free money"?

I was referring to the comment on the video how an ounce of silver was worth less than a wood board. I was saying "so what", since there has ALWAYS been boards more expensive than an ounce of silver, just like certain steaks have always been worth more than an ounce of silver. Its an irrelevant, red herring argument, just like yours.

Like I said, if you believe the basis is wrong, then call their bluff and buy a contract at spot on the CME. If all of you "pm is manipulated to keep us poor" folks really believe that, then you should have no problem "profiting" by buying all you want at spot. JP Morgan will sell you MILLION of ounces at this "artificially depressed price". Btw, the banks wanting to keep PM out of our hands "to keep us poor" has really backfired, huh? Anyone who DID buy the "undervalued" pm over the last few decades have gotten destroyed versus those of us idiots who invested in equities, real estate, etc.

What, you do not have the cash to buy a contract? You do not want to buy 5,000 ounces of bulk silver locate in NYC at a time? Well, guess what, this is what you call "basis risk", you desiring at your LCS small quantities of silver struck into a coin shape JUST FOR YOU. Well, all of those things take MONEY to achieve, that is the "basis risk" I refer to. Small quantities purchased at a time, small units of measure, mint striking, LCS markup, all of these are expenses in addition to what "spot" is.

 

Dude, don't get your panties in a wad. I was being facetious, like I thought you were by your comment. As for "Anyone who DID buy the "undervalued" pm over the last few decades have gotten destroyed versus those of us idiots who invested in equities, real estate, etc." You prove my point that only the mindless masses get herded into those asset classes that they can profit off you by their fees and taxes(why do you think they keep going up?). But the assets that they don't want you in, they manipulate and cause volatility to scare folks away.

 

Very interesting...

 

It really is probably as simple as this.

And it doesn't hurt them to scare people away while it's being done!

 

There was a reference to the radio station 1320WILS mentioned at the end, I visited the site today, but didn't see anything pertaining to coins/silver. Did I get the wrong station, or is there some direction I can be pointed in?

 

Not really sure. I did not follow through on that. Maybe it was a podcast and archived?

 

My apologies for the over step on the copyright issue. I was just trying to help but do understand. It won't happen again.

 

Yes but what about taxes. I agree with you PM maintains value over time, and can be more liquid. This is at the expense of beating inflation and generating a return.

However, your comparisons like this, (and all over the internet), are no longer valid like they were in 1874. Let's assume the slides are 100% correct. Problem is, when you went to convert the gold to USD you incur a long term capital gain, so your house situation you would NOT have $275,000 to buy the house, but more like (275,000*.72)=198,000 after tax. So even taking your examples net of tax they do not maintain their value anymore.

I like pm, I keep some money in it for a SHTF scenario, but it has major downsides nowadays. I mainly keep it to Scrooge McDuck it in coins I like.

 

Yes, you are right, if you convert your gold into paper dollars. But what if I paid in gold eagles? Like say for instance, someone I know was selling their property so I offer them the equivalent in gold eagles and they sign a quit claim that I take and get title on. Where does the capital gains come in?

 

The same place as if you offer to pay someone $30 for a $500 job, with $30 FV of silver. The IRS has long since shut that down. PM payments count as barter, with equivalent value based on PM prices, not face value or basis cost.

 

Now do it for 1979, 1989, 2011 and 2017.

 

You are not permitted to like kind exchange from PM to another asset class. So the IRS would view this as you effectively converted to USD and back to real estate in the same transaction, and you owe LT capital gains on the price appreciation of gold. How they would catch you would be the legal change in ownership of your house. That is a public record, and they would, in an audit, ask you to prove how you paid for it.

I am with you man. I HATE LT capital gain tax, since its taxing the very inflation the government causes. I wish more people understood how LT cap gain is simply WRONG. If they wanted to tax it, they should have a chart that accounted for inflation, and THEN they can tax the true gain at whatever rate they want. This is how it works:

1. I make $1000
2. I have to pay Fed and State income tax, FICA and receive maybe $600.
3. I have to pay real estate tax, so say $30
4. If I go and spend this, I have to pay sales tax of 8%, so say I spend $370 on stuff so that is $30.
5. I spend $100 on gas, which between all taxes is $30
6. I finally have $100 to invest. I buy "anything". I hold it for 20 years and its worth $700 now, and I have to pay LT cap gains on the fake "profit" of $600, (even though $100 then is not worth $100 now at all). That is another $240 in the future of taxes.

So, from getting off my rear and being productive, they take $730 of the $1000 I earned, (granted some of it in the future), and certain people say we are "undertaxed", and "need to pay our fair share". How much blood from this turnip do they want? Sad part is I am not going into a BUNCH more taxes they levy, like sporting equipment VAT, licenses, etc. We pay MOST of our money in taxes, government takes well over half your income. Its sickening.

People who support raising taxes need to understand how they are being suckered. In 1913 every politician supporting the new income tax PROMISED that "only the top 1% of Americans would EVER have to file an income tax return" (sound familiar?). Look it up, its true. They ALWAYS start with "the rich need to pay their "fair share", playing off people's envy. Then, very quickly, its "not enough" and we "need more to pay their fair share" until everyone is paying it. Over and over, rinse and repeat throughout history.