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<p>[QUOTE="Deadline, post: 2866228, member: 83423"]The problem with your logic is that logic cannot be applied towards a rigged market. The basic fundamentals of economics don't apply anymore. To make a really long story a lot shorter you have to understand what they are doing. First off, the dollar is currently worthless. It is debt based and has absolutely nothing backing it so comparing it to gold or silver is ludicrous at best. They are printing it to the tune of 85 billion per month and the current silver to dollar ratio is $745 per ounce! Bottom right hand corner. <a href="http://www.usdebtclock.org/" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://www.usdebtclock.org/" rel="nofollow">http://www.usdebtclock.org/</a></p><p><br /></p><p>The central banks are suppressing the price of silver and gold by continually shorting thousands of contracts. If you look at current silver charts you can see when they drop a large amount of contracts onto the market as it almost immediately causes it to drop. What they are doing is highly illegal and when someone does something illegal and its allowed to go on without prosecution that only means that the govt. is allowing them to do it. Why? Its simple, if silver was released it would find its natural equilibrium around $130 an ounce(I am guesstimating) and the dollar would be toast. If you look at the price of silver 100 years ago it was right at $17 an ounce with adjusted inflation. As of late, they keep moving the yard stick that measures adjusted inflation so its hard to know where we really are today.</p><p><br /></p><p>While all this is going on(silver price suppression) guess what the central banks are a massing? Silver, and lots of it. JP Morgan alone has 650 million ounces and Scotia bank has even more. That is the top two I know of. Its one of the oldest story's in the book, suppress the price of something, buy it all up then let the price go way up and sell. It is my belief that currently silver is the buy of the century, many others believe this as well. Eventually they will lose control of it and it will find its equilibrium. I don't know when but I want to be in. If it doesn't happen in my lifetime my kids will enjoy what I have gained and they are well aware of what to do. Remember PM's in general are a long term play. The dollar doesn't even fit the definition of money, it is fiat currency. Silver and gold ARE money and have been for the last 6000yrs. or so. Most people have forgotten that and have been lulled asleep. Just keep trading those worthless green dollars for real money. Hope that helps.[/QUOTE]</p><p><br /></p>
[QUOTE="Deadline, post: 2866228, member: 83423"]The problem with your logic is that logic cannot be applied towards a rigged market. The basic fundamentals of economics don't apply anymore. To make a really long story a lot shorter you have to understand what they are doing. First off, the dollar is currently worthless. It is debt based and has absolutely nothing backing it so comparing it to gold or silver is ludicrous at best. They are printing it to the tune of 85 billion per month and the current silver to dollar ratio is $745 per ounce! Bottom right hand corner. [url]http://www.usdebtclock.org/[/url] The central banks are suppressing the price of silver and gold by continually shorting thousands of contracts. If you look at current silver charts you can see when they drop a large amount of contracts onto the market as it almost immediately causes it to drop. What they are doing is highly illegal and when someone does something illegal and its allowed to go on without prosecution that only means that the govt. is allowing them to do it. Why? Its simple, if silver was released it would find its natural equilibrium around $130 an ounce(I am guesstimating) and the dollar would be toast. If you look at the price of silver 100 years ago it was right at $17 an ounce with adjusted inflation. As of late, they keep moving the yard stick that measures adjusted inflation so its hard to know where we really are today. While all this is going on(silver price suppression) guess what the central banks are a massing? Silver, and lots of it. JP Morgan alone has 650 million ounces and Scotia bank has even more. That is the top two I know of. Its one of the oldest story's in the book, suppress the price of something, buy it all up then let the price go way up and sell. It is my belief that currently silver is the buy of the century, many others believe this as well. Eventually they will lose control of it and it will find its equilibrium. I don't know when but I want to be in. If it doesn't happen in my lifetime my kids will enjoy what I have gained and they are well aware of what to do. Remember PM's in general are a long term play. The dollar doesn't even fit the definition of money, it is fiat currency. Silver and gold ARE money and have been for the last 6000yrs. or so. Most people have forgotten that and have been lulled asleep. Just keep trading those worthless green dollars for real money. Hope that helps.[/QUOTE]
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