Topic: So... I just spent all my paper IOU notes. My life's savings! (Read 3961 times)

Silver will go way higher than gold, I'm sure of that for several reasons: Silver is used for a lot of practical industrial purposes (gold is not), so unless they physically/technically find a way to replace that silver, the industry HAS to have it (Chinese solar energy is said to be a big one).

The silver/gold ratio is relatively high now (you get a lot of ounces of silver for one ounce of gold), because silver moves stronger than gold (up, as well as down). That means you can buy silver at an even better price now and it will go even higher. Perfect for an investor, if you can stomage the volatility.

Next, once everybody is rushing for precious metals and prices rise steeply, gold will be too expensive for ordinary people (even if this is just a psychological effect, like with BTC and LTC). So people will rush to silver coins. Right now the focus of the world is way more on gold, but that might change.

Also, the silver market for silver available for investment is very small, much smaller than the gold market. All of this could lead to a real explosion.

I expect silver at $200 easily, maybe even $500 or more, in nominal terms.

Hope this helps.

I have all savings in crypto too, I won't be giving bankers a penny.

Can you comment on silver market too ?

Read kingworldnews.com, silverdoctors.com, zerohedge.com, jesses american cafe, and maybe even the economy section of this forum.

This is my favorite blog to learn about the day-to-day manipulation (keep in mind, those guys are selling PMs, but still it's good info):

http://blog.milesfranklin.com/

Glad to hear this.

Do you have any links to any articles/videos where I can learn more about this?

I'm not an official "expert" (whatever that word means), but I spent a huge amount of time getting informed about gold. IMO, the rubber band is FAR streched to the downside, in fact, unbelievably far. Gold is at the price of production, and some claim it has never been so cheap in history compared to the amount of fiat existing.

If you watch the day-to-day manipulation, its clear those guys have a harder and harder time to keep the price that low. They just can't do it anymore (doesn't mean another spike down isn't possible).

No way gold is going to $800, and unlikely it's going to $1000 either. We are very far down now.

Of course it is great if banksters put the price down (while they still have the power) but when is the bottom ?

I would like to hear some gold expert about it.

I know that you can see the price manipulation when banks dump gold massively instead of selling it little by little. They obviously don't want to make profit but drive the price down. We need to know when is the next dump.

Because I don't want to wait & have my money tied up in such a risky (in the short-term) proposition, and when the dollar does collapse, who's to say I'll even be able fulfill the shorted orders and cash out (ie. the system might be completely shut or locked down)?



This.  The fraudsters and banksters will always suppress the gold price.  If the price is driven into the ground from shorts, 'twill be a good opportunity to buy, no?

Sooo,

If the dollar is going to collapse, why wouldn't you go short 30 year treasuries in a major way?

The gold market is highly manipulated. How do we know if it will go down soon ?

Don't think I saw anyone mention the importance of oil in creating plastics.  Things like even your toothbrush.

I heard that too, just curious for new sources of info - where do you have that info from?

Let's see if this is really what will happen.

I have done something very similar. I hope it works out well for us!

good to have both.

If that's what you think the outcome will be;  it still could make sense to buy some gold now,  and double down later.   After all, the commercials might be in for a short squeeze early if the s*** hits the fan.


You probably can't use gold or BTC or real estate to pay for your every day needs,  but  nobody says you HAVE to use fiat as your value storage  ----  it's just that  BTC or gold is a higher-risk for value storage,  when your needs are denominated in fiat.

You can pledge the asset in exchange for fiat-denominated debt.  Or just use unsecured short-term debt,  such as a credit card  settled up in full every month, so you are not making an interest payment.

In case currency loses value;  the value of interest paid also goes down, and an increase in value of whatever asset you hold your value in:  can wipe out the cost of interest you had to pay.

If you are 100%  confident of a parabolic increase in BTC and gold price above today's value soon enough;   it could make sense to take  out short-term fiat loans,  or just use a credit card in order to pay for day to day liquidity needs  in local currency.   Then  settle out the  payments by  reducing how much gold you are buying  -- if you have a fiat denominated income,    convert the fiat you didn't spend that month  minus emergency reserve to your chosen  "value storage" assets.

If parobolic price increase in gold does NOT materialize, or gets delayed, then you have a potentially catastrophic loss, however.

That's what synthetics are for.  And there will always be enough non-synthetic oil for these purposes.

You should've waited on the gold and checked the COT open interest. The large commercials are maxxing out their humongous short positions right now. They are gonna drive gold into the ground shortly. The good news is that after this next smash, gold is going parabolic. Do not panic sell, just stay long through the storm or selloff now and buy in cheaper later.

There are MANY silicon and graphite based lubricants out there....

Even if we switched to 100% electric vehicles,   every single mechanically moving device (including the cogs in an electric motor) rely on... you guessed it.... oil.  Oil will ALWAYS be precious. Think about it, think about every single moving part in machinary in industry that builds... well... everything!

Yes this is true and a fun conversation.  I welcome all points of view.   To have enough in coca cola, etc.. to where the dividend income is significant, means that a significant amount of one's wealth is subject to a market collapse or if liquidity is needed and the market is down, I wouldn't want to sell to provide said liquidity.  

With gold\BTC, they are highly liquid and you can keep them in your possession whilst still having potential to appreciate.  I (and most of us) do own stocks by proxy via the 401k through my work. So, I guess I actually am diversified into them as well, but they're kind of out of sight/out of mind.  

Real estate is not liquid, but caaaaaaan always be borrowed against in times of dire need.  If shit hit the fan, turning stocks into food, shelter, and comfort seems highly inefficient and risky to me.

I guess at the end of the day, I value being solvent and value relying on fiat as little possible.  I absolutely seek to increase my wealth, but I'm not trying to be some wolf of btc wall street or Gordon Gecko or get absurdly rich in my investments.