Silver Is On A Tear Today

People at the end should just talk to each other, exchange and go home.

 

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Or stand outside the coin shop in a trench coat, cash in one pocket, silver in the other.... Psssst, hey buddy. I got a deal for you.

 

lol

 

No, I took an early retirement Yesterday. With JM

 

No premiums that way!

 

Trump at least is right about precious metals. Gold/ silver/ platinum/ paladium/ Rhodium are finite and rare. FIAT currencies can go into Weimar/ Austrian/ Hungarian/ Zimbabwean hyperinflation abyss. Ditto for cryto.
I think Trump will try to peg US$ back to gold standard.
That would mean five figure price per oz.

 

Gold blew right past the $5000 level as did silver at the $100 level. Silver is back over $114 in overseas trading.

 

No...the bond market will not allow it.

Maybe, but we're not going back to a gold standard.

Lots of good articles about why...but GOLDEN FETTERS is a great book that tells why.

 

I saw metals prices the other day and thought I should check in with Cointalk. Glad I finished my lunar series sets when I did!

I assume these price run ups are cointalk whales moving the markets???

 

Nope.

We think inflation is bad now...putting the world reserve currency on the gold standard will be catastrophic.

Fiat is with us until the end times, provided we all simply accept the myth and not ruin it. From a certain perspective, its all a collective delusion/fiction that we all have to accept for our own good.

Yep.

 

CoinTalk whales. Good one

 

yikes ...

 

Fiat is with us until the end times..... you say!! We're not there yet, but you can see it from here!

 

The Dollar is used on at least one end of 90% of all FX trades. Note that all other currencies went down, too.

We saw a similar chart back in the 1970's-1990's. That was gold going up 10-fold...this is gold tripling in 5 years.

 

I guess class rings made with gold these days is off the table.

 

Wow getting crazy just witness a guy in front of Caseys selling a rick of wood for a silver round. A pick-up load around here one fella said they sell for 85.00. Who carries silver rounds with them. (the wood was red oak and hickory mix)

 

So was up this morning then shortly after lunch, it was down about a dollar from the opening bell and now it’s back up over three dollars. I think silver and gold‘s reaction today was due to the feds decision on interest rates.

 

Madness ensues.......

 

Gold was 5200 this morning. I thought it was a big deal when it went over 5320 at lunch time. At dinner time now it’s at $5525.
Bought a gold mining stock this morning and it’s up 20% right now. At what point does it become worrisome? And the Fed was encouraged to lower interest rates today but did not….