In this report I cover the gold market, Andrew Maguire's call for massive physical gold purchases and I also look at the technical outlook for bitcoin.
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@maneco64 the beatdown on silver and gold may be signaling something major will happen this year...
I've written about the bankers' attempt to manage the coming market corrections.
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Well they always seem to do the beat downs during low volume periods (semi-holidays) so they are afraid of the open market...
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I am all about buying gold and silver right now. I do think it's possible they will go even lower, but it is very hard to pass on these current prices.
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Gold/Silver have been acting extremely strange. Things are happening and the rabble is entirely in the dark about it. You will not hear this type of news on the fake news. This are happening. I bought 50 oz of silver this weekend at the low prices. I have my gold in crypto assets
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Yeah.... i wish the price of gold/silver would better corrispond to when i get my paycheck :P then i could enjoy these sales
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OMG GUYS, there's a rumor, PMs to the MOON!!!!!!!
gold 10,000 silver 100$
1 ounce of silver buys 45 acres
lol same ol same ol
will they ever be allowed to rise?
:(
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We the people should buy when it is low, so we can draw as much physical as possible. So the banksters will be left with paper silver only. Then this manipulation ends and silver will spike. But nobody buys the physical stuff. A bunch of people buy only the paper derivatives of silver and gold.
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@cfh You are 100% correct. Physical is the bankers' achilles heel.
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Silver has only $0.17 Trillion market cap and it is estimated that less than 2% people in the USA own any physical silver. This number is more like 30-40% in countries such as China and India.
So when SHTF, you can imagine the mad rush and when there is no silver to be found, people (specially the MOMO and FOMO) crowd are just going to go crazy. That is when you can actually buy a car with 40 oz of silver and a house with 40 oz of gold. I know, we have been frustrated with the price suppression but nothing can go on forever - no fiat currency and no suppression. With recent hammering of the prices, you can't get a better opportunity to stack physical. In my opinion, as I write my daily blogs, the game is getting over! It is show time folks! I am all stacked up and sitting in the front row for the show!! :-)
It has not been easy especially when you get the opposition from family and friends and to make things worse, prices constantly going down and stocks going up but now people are starting to realize that something big is going down real soon and they are now starting to approach me in terms of getting prepared. Happy to see the tide turn. Sorry for the long long comment. But I like both of you @maneco64 and @cfh as you provide good comments on my post as well and seems like are prepared. I would like to get more of UK flavor from maneco64 since in the US here, we do get very filtered news.
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I used to be one of those paper chasers... physical only for me now :)
I love holding PM's
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I was watching Bix Weir just now and he made a great point in his video. what would happen if gold or silver were allowed to trade normal--- would that destroy the dollar faster then is SAFE for many. Will there be a transition ...yes...but...it will take time with crypo's ...at least this is the suggestion. And then silver and gold can be "free" to discover their true price.
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followed and upvoted
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Merci beaucoup pour la presantation.
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Unless its the Onegram.org gold backed blockchain. I thought it was limited to 500m in gold. https://onegram.org/
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