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Hilarious to me when people think precious metals will be worth anything in some kind of global economic cataclysm. Gold and silver are fiat minerals. They have no intrinsic value other than our reptilian brains going "oooh shiny". You're better off investing in a commodity that has some actual use.
I feel like covid was implemented by the government in order to do a complete reset. But they didn't anticipate the riots and chaos that ensued. They thought everybody will lose their jobs and become dependent on government handouts for them to bankrupt many companies then the world government will be able to consolidate all of the sovereign debts globally. It was supposed to be the great reset. But technology prevailed and many companies did better than others so it created a even bigger debt bubble.
It just seems too convenient that a global disease came out when Trump was the President. When covid or SARS1 came out during the Obama tenure, the same Dr. Fauci went to Wuhan labs to validate the efficacy of the vaccine said that "masks, proper hygiene, and other protocols will work better than mass vaccinations." That's what Fauci said back in the early 2000s. He is now just an agent of the elites.
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Hilarious to me when people think precious metals will be worth anything in some kind of global economic cataclysm. Gold and silver are fiat minerals. They have no intrinsic value other than our reptilian brains going "oooh shiny". You're better off investing in a commodity that has some actual use.
Gold has all of the embedded systemic confidence in being a permanent store of value that bitcoin could only dream of.
Is this only consumer debt, or does this include private corporate debt as well? I am thinking that the corporate side is where the bubble is.
The real problem is the publicly held debt, which should not be a problem as long as the US dollar is the reserve currency AND the world has confidence in it. Which means *** POOF *** is only one global bank run away.
Hilarious to me when people think precious metals will be worth anything in some kind of global economic cataclysm. Gold and silver are fiat minerals. They have no intrinsic value other than our reptilian brains going "oooh shiny". You're better off investing in a commodity that has some actual use.
5000 years of history of us liking shiny objects says you are wrong.
Central banks around the world covet shiny objects too, like gold
Precious metals are the only place to be. All paper assets (stocks, bonds, currencies, and real estate) are going to get wiped out. Any form of wealth represented by a piece of paper or some numbers on a screen will go to zero or near zero.
BTW, look into silver instead of gold. Silver is everything gold is (and much more), not to mention it is far more affordable. Gold is an expensive luxury for just about everyone.
Oh, please yes. Let my house go to zero so I no longer owe those property taxes.
Have you not ever heard of the ETF markets? They are the markets that actually control the price of the commodities, including silver. There are 400+ paper silver ETFs for every one ounce of real silver. FACTS
See 'paper to silver ratio.' It is 438 to 1.
Silver commodity ETFs physically hold the silver in storage, similar to stock ETFs that hold the actual stocks. There are a few silver mining and silver option leveraged ETFs but they are not meant to track silver. From etf.com;
Quote:
Physically Backed Silver ETFs seek to track the spot price of silver. They do this by physically holding silver bullion and coins in a vault on investors’ behalf. Each share is worth a proportionate share of one ounce of the silver. The ETF’s price will fluctuate based on the value of the silver in the vault.
The idea of "Paper silver" comes primarily from the COMEX (US Commodity Exchange) and the LBMA (London Bullion Market) - they sell the option / promise of delivering the commodity at a future date. It is not silver or even really the idea of silver on paper only, it is the "contract" to deliver silver at a future date. These exchanges do have some limited physical stores if someone actually exercises a contract to take delivery but the reality is that rarely occurs. From jmbullion.com;
Quote:
The COMEX exchange is a very large and very liquid metals trading platform. The spot price of metals like gold and silver is determined by trading on the COMEX exchange. While the exchange is key when it comes to price discovery and price risk hedging, it is not commonly used for actual physical deliveries. The futures markets are really designed to be a hedging vehicle for those looking to try and mitigate risk. Typically, as a futures contract approaches its first notice day, speculators will either simply close positions or they will roll them to another contract month.
Newton's third law: For every action, there is an equal and opposite reaction.
Hoping that this doesn't become the reality, but it can't be totally ruled out either.
So the rules of the physical world apply to the financial world? I don’t think so. Sure, financial markets could implode. They could have a minor set back. They could move forward with ever greater returns. I suspect all of these things will happen. If somebody really knew when they would occur, the last thing they would do is tell someone. Since they really don’t know, they either try to profit from giving advice, or draw attention to themselves by making predictions…like the OP.
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