Precious Metals

This confirms my bullish position on silver, China, S. Korea, Japan, India and other nations that need silver to produce electronics, solar panels, batteries etc are faced with a serious shortage of silver and will buy up if prices ever do come down.


 
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Cooper said:
This confirms my bullish position on silver, China, S. Korea, Japan, India and other nations that need silver to produce electronics, solar panels, batteries etc are faced with a serious shortage of silver and will buy up if prices ever do come down.
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It's not like these technologies were invented yesterday and demand for silver suddenly shot into the stratosphere as a result. This sort of price surge (up 200% in the last six months as of today) is not driven by normal industrial demand. There are multiple factors at play, not the least of which is a massive amount of FOMO buying from traders and speculators.
 
scorpion said:
It's not like these technologies were invented yesterday and demand for silver suddenly shot into the stratosphere as a result. This sort of price surge (up 200% in the last six months as of today) is not driven by normal industrial demand. There are multiple factors at play, not the least of which is a massive amount of FOMO buying from traders and speculators.
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Industrial demand for silver has been growing exponentially and has only started being priced in into silver. Here is what solar panel production looks like:

960px-2007-_New_solar_installations_-_annually_by_country_or_region.svg.png




There is also a boom in weapons production and data centers, which also consume a lot of silver.

Add to this central banks around the world purchasing gold and silver, uncertainty around currencies and monetary policies, financial institutions shorting silver and overleveraging their physical supply, and you have a huge run on silver price.

 
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PurpleUrkel said:
Not to derail any further, but briefly, I've been stockpiling high quality vintage made in USA tools of survival for years (saws, air compressors, generators, water pumps, vehicles, clothing, kitchen ware, appliances, furniture, etc.). The most important thing to me right now, gasoline, I just paid $2.32 a gallon for which is pre-911 prices. So I'm not getting caught with this inflation sh*t because I'm buying very little that is new in the box. I also have a unique skill set which allows me to live in a shack in the woods with next to nothing while still being happy and curious about life. The key to making this work though is being physically healthy which means a lot of work and effort goes into diet and exercise. My supplement and food bill is $600 a month right now, which I could easily get down to $200 a month in a time of crisis by growing my own food. Exercising is free.

I just started pretending that money was worthless years ago in an effort to build up a tolerance to having none (ironically though I'm now making more than ever). (((They))) can make it worthless tomorrow and I'm ready to roll. I'm prepared for collapse but I don't actually think it's going to happen.

Pray for the best, prepare for the worst.

Money in all it's forms cannot save us. This is a spiritual battle.
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And this is an investment worth more than any metal.
 
These price movements are completely insane...both gold and silver now moving more in a day than they have in many years in the past. This is completely uncharted territory, especially if we are not at/near the blow off top and they continue to run. PMs are not supposed to behave this way. Maybe the gold bugs were right all along? They're certainly enjoying their day in the sun for now, at least. If this is not a historic repricing event that eventually plateaus into higher but stable prices, and turns out to be more of a bubble, the bursting will certainly be epic. 🍿
 
Nothing is happening.

Caduceus said:
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How many times can someone be wrong with a doom and gloom forecast before they stop trying to tell us what the future is going to be? "Crashing the dollar"? Don't be ridiculous.

Read_Lives_of_Saints said:
Kim DotCom thinks it's habbening!
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Who are these people? "It's over!", "The US empire is falling"? Wrong and wrong again and again. And these cheerleaders for anarchy say it with such glee too. Utter clown world. These crypto and gold holders will be the first to perish in a very serious situation when they realize you can't eat money.

The most sure fire way to predict a collapse is to keep an eye on stoplights (i.e. the electric grid) not jew systems of financial usury. And as of right now every stoplight in a hundred mile radius of me is functioning perfectly. Collapse also won't happen quick (if it happens at all), one stoplight will go out, then two, then three over a period of years, they're not just going to all stop working at once overnight.
 
PurpleUrkel said:
Nothing is happening.

Collapse also won't happen quick (if it happens at all), one stoplight will go out, then two, then three over a period of years, they're not just going to all stop working at once overnight.
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Maybe this is blackpilled, but I think the monetary, finance and investment system has been smoke and mirrors for a long time and is controlled.

I don't think there will be a collapse or a crash, just a continual degradation of standards with a few inflection points where new normals are established with AI, UBI, or whatever.

Crashing the dollar in any uncontrolled way does not seem plausible to me as it's already 99% detached from reality.

Who cares if a plane in a flight simulator crashes?
 
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