Gold is rising. Silver is rising faster. The comments by most experts assume it’s business as usual event in response to the sanction war between USA and China, and to some degree the negative-yield bonds and QE threat. They are not wrong, strictly speaking, because we haven’t seen anything yet. This is the equivalent of Bitcoin rising from $150 to $200. Technically speaking it’s rising, however…
Here we go:
https://www.zerohedge.com/commodities/regulators-expand-already-massive-precious-metals-manipulation-probe-other-markets
And as the rats leave the sinking ship, the price of metal drops – quite expected, as paper assets are dumped onto the market while they can still be sold for something.
Talking about market manipulation:
https://www.zerohedge.com/markets/three-jpmorgan-traders-charged-massive-gold-market-manipulation-fraud
“I was instructed that if a client wished to sell futures I
should simultaneously place both bids and offers with the intent of
canceling the bids prior to execution,” Edmonds said during his plea hearing.
Edmonds said the purpose was to falsely transmit liquidity and price
information in order to deceive other market participants about the
supply and demand so they would trade against the orders that JPMorgan
wanted to execute.
“We created market activity which artificially drove the sale price
up and induced other market participants to purchase at an inflated
price,” he said. Edmonds entered into a cooperation agreement with the
CFTC in July.
So guys from JPMorgan’s precious metals trading desk spoofed the trades. That comes as a shocker. 🙂
But if we take into account latest JPMorgan’s and Deutsche Banks purchases of shit-tons of silver I guess we shouldn’t dismiss idea of parking our savings into precious metals because of the fact we always suspected that every imaginable market trading had been rigged?
It isn’t a question of whether to park savings into PM. It’s a question of the timeframe in which there’s payoff, because the system is extremely over-leveraged and the PM price relative to paper money is extremely suppressed.
The question is therefore whether to buy gold, silver, platinum, palladium or rhodium, whether to buy locally or remotely vaulted, to buy with cash or credit. But my recommendation is to pour all the money you have in it, because, obviously, that’s what I’m doing.
Yeah, I agree, it’s all matter of strategy and application of that strategy considering how things get in motion and what event precedes another.
All I can personally see as the problem is if I need urgently money at some moment and money I parked in gold/silver in some vault represents less than what I invested before that in gold/silver and then I sell with loss.
Strategy of where to keep the metal you bought, it sounds tough, but maybe I’d rather not want to keep it by myself because local political situation might get FUBARed more likely before I wouldn’t be able to cash it due to collapse of internet.
Of course, as you “optimistically” 🙂 pointed out on many occasions, the global situation is that America behaves like chimp on speed waving kalashnikov out of control and threatening everybody else “If I’m going down, everybody is going down with me”. Thus, anybody that would like to go through hardships in global economy unscathed by relying on owning some precious metals reserve first must see some Deus Ex kind of solution for removing America out of equation.
Btw, I can see that platinum is traded on Bullion Vault, but haven’t heard so much about it i.e. is it worth counting on it in the upcoming events that mark dawn of de-dollarized economy?
I’m even less sure what’s the deal with palladium or rhodium but I would guess they wouldn’t have any monetary utility as gold and silver should have?
That’s why it’s unwise to sink absolutely all your cash into metal – you need to keep enough for at least one month’s worth of expenses, or you’ll be forced to sell prematurely and most likely at a loss. I must admit I am personally going against this myself, but I can afford it, as I have several payouts from various partners during the month, so I can take a calculated risk of sinking all but one week’s worth of cash into the metal, and keep buying throughout the month; basically, in the worst case scenario I simply wait with paying for something until the next payout in two weeks or so, which is not really the end of the world. Sure, if there’s a serious hiccough, I can always sell some silver on BullionVault and use the fiat cash to pay for something urgent, but we’re talking about very minor conversion losses here, not the end of the world in any case, but, knock on wood, didn’t have to do it so far. I basically tighten the belt and buy metal. In the previous months gold, now silver, but I managed to keep the quantity more-less constant.
Honestly, I didn’t study their historical values, and I don’t know enough about their industrial uses to make educated guesses about future prices, so I leave them alone and stick to gold and silver.
I’m keeping it simple and traditional. The PMs are currently traded as a singular asset class but they will start varying independently as they reach utility/scarcity equilibrium which will be different for each, and I honestly have too much data in my head already without branching out.
Again, my thinking is very simple. I have long-term plans for the case that this shit takes longer than I would like. This requires money, both for expenses and strategic purchases (house etc.). I would be incredibly happy if it all ended and I could finally leave this hellhole of a world, so dying immediately is my option of choice. Barring that, I would prefer having enough resources and not live in poverty. Been there, done that, have the t-shirt, it says “fuck this”.
So, I obey clear instructions of unclear origin and buy gold and silver.
Fortunately it started falling now, which is great because I’m not done buying. 🙂
Lucky for me too as I haven’t pull my shit together yet and sent money to Bullion Vault’s account. 🙂
But, nothing dramatic I can see here … only dramatic thing would happen if someone tries to dump shitloads of silver or gold on market.
Do you think that American have enough of leverage to pull some shit like that?
I’m not sure it’d be wise though as I suspect Russians and Chinese would be more than glad to scoop any gold/silver being dumped on the market.
The marketplace at this moment is insane, because they are mostly trading paper without any metal behind it, and the bluff hasn’t been called yet. This paper trading is useful for dropping the prices temporarily, but as the real players keep sucking all the real metal off the market, what will eventually happen is that the bluff will be called, and then the current low prices will be corrected upwards by a factor completely unseen in any kind of historic record.
I don’t know how long it will take, but what I do know is that their price dropping techniques aren’t working. They sell, prices drop, somebody immediately buys it, plus more because it’s cheap, prices go up 2x. The trickery doesn’t work because metal is the only thing that can save you if you want to get out of bonds, cash and stock, and all that shit is currently failing. Sure, you can go into crypto but good luck with that.
This is exactly what David Morgan claims.
Didn’t watch him but good to know. I just hope I can buy at least 100kg more before this pops.
Yeah, I know, Mihael’s Aston Martin ain’t going to buy itself. Same goes for my yellow Lotus Evora.
Just kidding.
I do, however, somehow feel very itchy about the idea to try to get a loan from the bank and throw it all on silver, ideally about 100k€ in total.
Given my current life circumstances, this is not something that’s easy to pull off by any means, however, I think that using a few complicated maneuvers it actually just might be possible, although in another country.
Additional problem is that it’s going against my life convictions to never get any kind of loan from the bank, ever. But given the fact that credits are actually cheaper now than they were ever before, and countries like Denmark and Sweden are even giving them with negative interests, I just might do that. Haven’t decided yet.
Also, if everything unfolds the way I expect it to, theoretically speaking, I would be able to pay off that kind of debt probably in less than a year.
Something like that. 🙂 My thinking was that the Mercedes S-class would be much better for Croatian roads than my Volvo, so I have to do something about it. 🙂
Banks are creeping me out, so that’s not something I would do; this would not be the first trap of exactly this kind that was set for me; I had one before, where business seemed to be blooming, and I took a loan from the bank to speed things up, counting on the lucrative jobs that would pay this out trivially. And then the jobs in question turned out to be fraud and thin air, I was stuck with the loan, and it ended up almost killing me. So, yeah. Not going there again.
Well, Croatian roads are actually pretty good, especially if you compare them to some other, like English or Belgian roads (or so I hear). Also, if you buy an S-class, I’m afraid you might die of boredom, and I don’t want you to die.
So, please, allow me to introduce a proper solution, something just a bit different.
https://youtu.be/9dbT6yGT7bQ
As for me… well, when it comes to cars, I’m more for excitement and danger than I am for comfort and security, so I like my cars like I like my women – burning hot and slightly psychotic.
I don’t think I could ever live with a car that doesn’t like to unpredictably set itself on fire without any apparent reason while you sit in it at the stoplight. And this leaves me with basically only two choices: Ferrari F355 or Lotus Evora. And if I really get lucky, I’ll take both. I mean, I’m not against the idea of polygamic car ownership.
https://youtu.be/hTYZ-cVxiZk
https://youtu.be/Z6X9Hebt6kc
Don’t even get me started talking about traps, it’ll make me sound like Alex Jones’ younger brother. Everything in my life in a last decade or so turns out to be some form of a trap. Women, “friends” who are here to “help” me, basically all the relatives, even the goddamn apartment I was living in, not to mention Satan’s firstborn child, my father. As I said, I’ll start sounding like a conspiracy theorist.
Once bitten, twice shy, eh? Or there’s something more to it than just that?
Do you think that there is a possibility that this could be some kind of setup for those who are naive enough to bite?
What about your ‘feeling’ you had for gold investment? Can this possibly be a hoax too? Some kind of fishing hook meant to lure you into investment that will ruin you and everyone who’s in touch with you? Are those kind of tricks over now when he’s dead?
Do you feel like you’re against the idea of taking a loan in general, or just in this particular case? And do you consider it to be a subjective attitude, or a general advice to everyone interested in doing so?
I mean, from what you were saying here in the comments, looks like you already invested quite a lot of money. If this turns out to be a bad idea, you are going to get fucked anyway, whether it’s a loan or a personal saving.
I feel mildly optimistic about the outcome. Not just because it looks like it makes sense, but also because your blog is just one part of the whole story (albeit, the most significant one). It looks to me like I was getting something unclear about the gold way back… I think it was autumn 2017, or something like that, maybe winter 2017/2018. It’s just that it never occurred to me that it has to do with actual physical gold, like a piece of shiny metal. I thought it’s just a symbol for something of value, some kind of a metaphor. And I barely had any money to invest anyway.
And then, there are some other factors too. A birdie told me that something is about to happen rather soon that will solve all of my financial troubles at once, and provide me with more money than I ever had before. So I thought I’ll suddenly stumble upon someone’s lucrative business offer. Basically, I was a loaded gun with my eye wide open weeks and months before you started with your precious metals series, awaiting what’s about to happen, trying not to miss or screw up something.
Well, my problem with driving isn’t lack of fun, it’s lack of isolation. The stress level is killing me and everything that can reduce it is welcome. And the idea of driving fast actually hurts. Reading holy scriptures hurts. Thinking about meditating hurts. Thinking about God hurts. I’m not in a great state at the moment. I’m like Bella in that second Twilight book, trying to avoid thinking about anything that reminds me.
I don’t know if it will make any sense to you, but to me excitement is boring. It’s the same thing all over again, within the same constraints and limitations, predictable, limited, uninteresting.
That “feeling” was accurate, but I don’t know who sent it and with what purpose. I trust it enough to make reasonably safe bets based on it, like converting paper to metal. I don’t trust it enough to put my dick on the chopping block. So, all the earnings minus the living costs are going into silver, and I’m monitoring it all closely, but I don’t trust the thing about silver nearly enough to sell my gold and put it into silver, for instance.
Well, I wouldn’t to it, but I don’t think it’s necessarily a bad idea, if you don’t have the kind of enemies that I do.
There’s a difference. With my own money, the worst thing that can happen is that the silver and gold stop growing, or that they grow exponentially before I have enough money into them. With bank money, the worst thing that can happen is the bank cutting my balls off. Your own sensitivity to risks involved with bank loans might be different.
To be quite honest, I have never read any of those books, and also didn’t watch any of those movies. It just didn’t have any appeal to me, it looked like a novel written for teenage girls. But I guess now it’s a good time to fix that.
For me personally, given the situation you’re describing, the first association would probably be Hancock. A super powerful entity with a tint of sadness about it.
So, is the only reason why you trust that feeling all the effort you have put into rational financial analysis of the situation, and you don’t actually believe it on face value?
I’m asking this because your attitude toward different esoteric methods of finding out answers to some questions (like tarot) was dismissive exactly because there was no way of knowing who sent you information, and what are his intentions.
I don’t think that anyone here actually wants silver. It’s all about the gold, and everyone wants gold in the end. It’s just that silver is currently much more undervalued than gold, and thus provides much better potential profit. When silver rises enough to reach its natural ratio of 12:1 (9:1 is actually a common misconception), pretty much everyone will be swapping it for gold.
But, as you already objected, something unexpected can happen at that point, and gold can become completely unobtainable. So I must ask, what is your intended ideal ratio of investment on gold vs silver, if you have enough time to do it exactly as you want to?
And also, would you be changing that ratio depending on the total amount of invested money, or is it more-less fixed?
I’ve seen Rickards recommending 9:1 ratio as a rule of thumb for investment on gold:silver, but given the current opportunity with silver this looks like way too little on the silver side.
I’m not sure I get what you mean. Physical or metaphysical enemies?
Alright, but if you think that prices stop going up, or prices going up too soon, are two most likely events, then what are the possible scenarios where the bank would have the opportunity to twist your arms?
I’m working on getting a loan right now. Not sure how big will it be, but I’ll take as much as I theoretically can.
The basic idea is to use the advantage of multiple citizenship. In case if something extraordinarily happens, and prices of gold and silver drop like a rock, the bank can sue me and freeze all my accounts, but that would have zero effect on my daily life. Maybe I missed something important, but as far as I know, there are no international laws that would force one bank to freeze its accounts on demand from another bank in another country. Of course, the intention is to pay off that loan as soon as possible, but if something goes horribly wrong, at least I have some level of protection.
It’s much better than it’s usually given credit (usually by people who didn’t read it or just watched the films, which are shit). The books are very multilayered, with the superficial layer being the teenage story, and the deep layer is religious, with many distinct messages. Basically, God has a plan for you but it’s also a test, and if you pass by becoming the person God wants you to be, then you get the prize God envisioned for such a person.
Of course, there are parts of the story that require you to suspend both disbelief and rational thought, for instance how the vampires can accelerate quickly to immense speeds, yet have no grip problems or violently displace air. But if you’re patient with it, the story is actually quite worth the time.
There are similarities.
Exactly. I don’t know who is sending me those “feelings”, or why. Therefore, I treat them as carefully as you might imagine. I didn’t listen to the first one, I missed out, but it wasn’t a great loss. The next time I had the feeling, I acted on it, and the same thing happened, gold grew. Then I had several more similar feelings, and they all seem to be checking out. However, since I still don’t know who’s behind them and what’s the ultimate purpose, I will certainly not do anything that might expose me to something dangerous. It might still be something along the lines of “I think the metals are going to rise exponentially, I get overextended, the metals rise only linearly, the banks close the trap and I get fucked”. That’s one reason why I wouldn’t get a loan. The second is that for some reason banks don’t want to give me loans. With my balance sheet you’d think otherwise, but apparently there’s something fishy going on. Someone up there doesn’t want me to get loans, at least not now. The third reason is that I’m actually earning enough money to be able to buy significant amounts of metal even without loans. The only “drawback” is that I stopped burning money on stupid bullshit like getting someone in the family a new laptop/PC/car every month, which was getting old already in any case so no real pain there. I don’t want to say explicitly how much money I’ve been able to pour into metal monthly because this is too open a medium.
At this point, I’m 3 silver, 11 gold, in value. I plan to keep buying silver until I reach value parity with my gold holding, and if that happens, I don’t know, I’ll probably buy more gold just to insure myself against the possibility of gold being completely absent from the physical market.
Both. Basically, I can’t overextend myself and count on “luck”. If I am vulnerable in any way, it *will* be exploited.
I would have to borrow money against a collateral, that being gold. Let’s say that something unforeseen happens to the financial market, and/or to my earning ability, so my monthly income evaporates, and I default on the loan before the metals explode. I lose the gold. Or, the interest on that loan is recalculated upwards because of something. I don’t know, I’m afraid when things look good because that’s when I get fucked. I “have faith”, act on something in belief that it was set up from above, and the trap closes. When that happens too many times, you tend to lose faith and you tend to be cautious, as I am now. YMMV.
I understand you took all the necessary precautions in case this is not something “set up from above”, but what do you think what are the chances that it actually is?
It doesn’t even have to be “set up”, in a way that it’s something artificially constructed. It can be more of a warning on a situation that’s unavoidable, tied to a mental suggestion on how to handle it properly.
I mean, it seems somewhat strange. We’re all used to not expecting and not receiving any support when it comes to materialistic affairs. Human perception of God’s support is mostly constrained to something similar to what you described in your Star Wars analysis. Faint, ephemeral presence and moral support, but never in a way that would actually interfere with this world.
But this is different. If it’s really coming from a upright source from above, then I guess it’s something completely unheard of in… I don’t know, basically all of human history?
The only community that does treasure and accept the concept of connection between God and material success are the Jews, I guess.
If I had to qualify my ignorance, I would say that I don’t know what part of the situation is set up with what purpose in mind. For instance, if they put me in some situation I can be quite sure about their hand in it, but whether it’s to show me something, to make me do something, to make me write about something, or for some other reason, that’s all difficult to tell, and since they don’t actually tell me things directly at all, I can only guess and try to navigate through it like rat through a maze.
Yes, I don’t think the *situation* is set up, but if they know what’s going to happen, and if they want me to react in a certain way, they can give me hints. The problem is, I don’t actually know what they are trying to do; the goal might be to show people how I think, or the goal might be to get everybody out of financial problems. I honestly don’t know.
But why not?
Is it because the “communication protocol” doesn’t support such level of details, or is it because it would interfere with the intended purpose?
Are you still hanging on to the intended ratio of 50:50 when it comes to gold/silver or did you change your mind in the meantime?
Also, what is your intended ratio on holding metals in private possession vs holding it on remote locations? Is that also 50:50?
I’ve been sticking my nose in financial markets lately as deep as I could, and what I’m most surprised about is how incredibly small the whole PM market share actually is. For civilians, it’s basically non-existant. Everything is owned by the banks. Gold is roughly around 1%, and silver is… what, somewhere around 0.2%? And this is if you accept ETFs as metal. Real physical silver market is about 250 times smaller, if David Morgan is to be trusted, and this leaves us with bizarrely small numbers – about one man on a population of 125 thousand investors own actual silver. Basically, the way I see this, for anyone who’s able to make profit on this, he’s unlikely to ever meet another man who did the same in his lifetime.
Still, I find it amusing how those omnipresent Bitcoin evangelists buy PMs like crazy. Max Keiser sank more than half a million dollars on silver.
No. They could tell me everything if they wanted to, and I could understand it perfectly. It’s just that they don’t want to.
I’m sticking to the plan, but I had a very expensive November, so I had to pause massive buying for one month. At the moment, I’m at one third silver, two thirds gold (value, not mass), working slowly towards parity.
No, I actually have a different rule; gold locally, and silver remotely, because silver is extremely bulky and impractical to have locally in big quantities. I do have some silver locally, as insurance against SHTF events that can take down remote access, but nothing really significant, basically barter money in case of emergencies, if it doesn’t go up exponentially. If it does, the entire equation changes.
Statistically yes, but people seem to be clustered non-randomly, so you’re actually likely to find groups of silver stackers quite closely connected, as islands in the ocean of those who own nothing.
Do you ever even get an explanation afterwards? Or does it become clear by itself when it unfolds, even without an additional elaboration?
BTW, you said you had a feeling in the form of a subtle urge to buy gold. There was nothing about silver?
The way this looks like is that you would prefer to have most/all of it locally, but you can’t because of the physical limitations?
The reason why I’m asking is because I know that I’ll never have so much metals that it would be physically unmanageable. So I basically don’t have any reason to use BV other than being able to quickly pull off fiat in case of necessity.
What then, what if does? You plan on waiting until the dust settles and then convert it to gold and get it delivered?
Sure thing. It’s just that we live in the age of youtube and blogs and things like that where people can acquire self-education. I assume that a number of “lone wolves” who do it all in isolation is significantly bigger than ever before.
As I said/hinted several times, somewhere around 2007/2008 something happened, the significance of which became apparent only much later (that’s why I can’t remember the exact date); I didn’t think much of it at the time, because I never thought it would last as long as it did. One of the Gods apologized to me because I will have no further significant contact with them until the end, when everything would be returned to me. It was a very sincere, significant thing. Since then, it’s been only hints and guesses. Me figuring things out, yes, and me being what I am, yes, so that’s comforting, but I do miss them.
Actually I felt an urge to start buying it and I was annoying Božo with that for some time, because he was resistant to buying silver locally due to the terrible spread and VAT. However, he found BullionVault which solved the problem; the spread is excellent, we can liquidate it instantly and either pull out the cash or buy gold, so that’s what we’ve been doing ever since. So, yes, I did have several hints about silver, for instance I have occasional impulses to do something different, like buy a few kilos locally, and, most recently, to move from the UK vault to the CH one.
Actually, no, I’m not quite happy having everything locally because then I’m at the mercy of the local retailers, who offer terrible deals if I want to sell. I want to have both options, because I never know if Croatia is to become a war-torn shithole at some point and I’d have to flee to Australia or wherever, at which point remote storage will be preferable. I don’t know what’s going to happen so I have to cover as many scenarios as practical.
That depends on the global and regional situation, but probably buy real estate because that’s something I don’t have at the moment. I would leave a significant portion in form of metal, and treat it as a long-term asset, though.
And this paragraph has enough of “mantric substance” (or however it can be called) so it is possible to “touch” mentioned.. person.
Yeah, but still out of bounds for me.
Good for you if you’re able to do that. I myself am thick as a brick when it comes to catching that kind of subtleties.
If fact, rational mind seems to present so much of a problem for me, that last time someone up there wanted to show me something, first they waited for me to go unconscious, then they showed it, and I perfectly remembered it when I regained conscious. Highly unconventional approach, but somehow it worked.
Also, it happened that I’ve come across a woman who was working as a hypnotist, and was also slightly psychic. Since she was the most renown hypnotist I could find, I wanted her to hypnotize me in order to help me find out something, but as soon as I showed up on a “pre-interview”, she told me this probably isn’t going to work, but we can try it if I really want it.
I said, fuck it, let’s do it anyway, and gave her 100 €. She tried and completely failed to put me into any kind of hypnotic state, and then gave me the money back.
Then again, looking back on my horrible, dark life, that thick skull probably saved me more than once. I don’t think that a regular human with regular sensitivity could go through it without either going suicidal or into mental breakdown.
Nowadays, methods people use to force into submission one another usually make me laugh, like a slight tickle. That’s why people hate me, and almost universally consider me to be egoistic, arrogant bastard, which indeed I am. 🙂
Problem as in giving you reasons to keep status quo?
I don’t know, I don’t think I’ve ever seen you writing about this before, and I have impeccable memory. There was a small “they are not telling me anything these days” hint in the comments, but that’s pretty much it.
I do, however, remember that “teleportation of the naked cop on top of Velebit mountain” article, so I’m not sure if this is the same event as described there, or is it something that came a year later. Looks like it’s something else.
And I’m actually slightly surprised, given the amount of people who follow your work, that nobody was asking all of these obvious questions long before. There are people here who know you much better than I do, there are people who know you longer than I do, and there are certainly people who speak English a lot better than I do. I just hope it doesn’t look awkward when I’m shoveling through all of these borderline-intimate questions.
Turns out, if you want to have a page full of comments, questions and opinions, all you need to do is just mention bitcoin or feminism. That’s where all the rage is. But these things that are actually interesting… not so much.
I don’t know what’s the appropriate thing to say, however, whenever I see something like this, I just think – well, at least you have your wives by your side, and that’s a big deal.
This actually sounds pretty ominous. Yes, I’ve seen those multiple vault options, and yes, I’ve come to the same conclusion that the CH one would be the best choice. However, it is one thing to have a rational conclusion about something, and it is another to be actually warned in such a way that the UK one is not a good choice.
I can only guess what this means, but among other things it can mean that UK is about to get nuked, or at least that social unrest and interreligious conflict can escalate to the point where the country is unable to sustain basic principles of civilization and deliver the goddamn package.
In a softer scenario, it could mean that the Brexit could impose some unforseen form of taxation and/or EU customs control procedure and whatnot.
Which is actually not all that impossible, if I may add.
Most of the Croats don’t have any clue about politics, state defense and, well, basically any common interest that would keep a country in one piece on a long-term.
I don’t know how much you’ve been paying attention to all of this what’s happening locally, but Muslims in Bosnia are gently stroking their dicks for quite a while now on a thought of slaughtering as many Croats as possible. At the first sign of NATO instabilities, all hell will break loose in central Bosnia, and then, after they ethnically clean the whole area, it’s going to be time for realization of their long-awaited wet dream, and that’s access to the sea, just like they already tried when HVO stopped them in military operation Neretva ’93.
And while Vehabis keep open camps near Tešanj where they train children how to use firearms, and national television is having regular weekly Goebbels-talk-shows where they try to agitate as many people as possible by portraying Croats as complete monsters, Croats are concentrating their intellectual efforts on discussions over Jelena Veljača.
I’m actually having similar plans to this, if I by any chance succeed making any profit, except my OCD wouldn’t let me buy a house someone else built. I would just buy some land and build it myself. It would be a slow one-man project that would take several years to finish, but it’s the only way if I want to be assured all is up to the highest standards. Otherwise, I’d spend rest of my life bitching about everything.
Leave it as it is, or try to convert it all to gold, if that’s possible at the time?
I remember now, I wrote about it on the private forum a few times. I did mention the second Twilight book as a metaphor several times, if I recall correctly; I don’t really keep track. For those who didn’t read it, that’s the one where Edward, the one in the position of power, decides to leave Bella, the one who is at the time in a vulnerable and disempowered position, “for her own good”. It’s depressing as fuck.
Yeah.
It helps, but if I am not soon restored to my normal condition, I will surely go insane. I feel like a bonsai cat in a bottle, with mouth glued to one opening and asshole to another.
UK doesn’t have a bright future, considering their leadership role in everything anti-Russian, combined with their leadership role in sucking every Muslim cock they can find. When that hits the fan, I’m not greatly confident anyone will see any metal stored in their vaults, ever, especially considering what happened to Venezuela’s gold.
As I said, it doesn’t look good. However, if America stays out of the way (and here I mean the Obama-appointed Muslim moles in the CIA and elsewhere) the Bosnian Muslims would have a very short and painful life if they decided to go against us, because the Croats would immediately align themselves with the Serbs against them, and there already seems to be regret on both sides for not having done that in the last war. So yeah, sure, they would have the sea, they can swim to Italy. The Muslims proved to be complete assholes after the war and everybody gets that now. Nobody here will be on their side the next time, and if they think they can go against Croats and live, they can think again. They have a shit enclave in a shit country without an economy and Croats stopped the Ottoman empire in its full power. Of course, Croats were not liberal faggots then, so that’s a consideration. In any case, a war is quite possible here. Another consideration is that the normal native Muslims in Bosnia are held hostage by the imported Arab scum they let in, and by their jihadist politicians. I heard stories that they don’t like it much there now, but they made their bed and they might as well lie in it now. Alternatively, they might grow some balls and do something about it, but historically those who had balls didn’t convert to Islam, they fought it.
It might not matter, if silver really appreciates to the point where this would be relevant. If silver gets to the point where gold is now, I might not be in a great hurry to exchange it.
Are you sure this is having any supernatural background?
I mean, you were writing about USA a lot. Maybe someone made some phone calls and put you on some kind of shadow ban in the banking system.
Yeah, it’s a bit of a long shot, but…
I actually did consider that, but concluded that this is not likely. I know some Muslim countries are blocking my website on a national firewall level, Google seems to be shadowbanning me on some level, and Americans are watching me on some level, but not as a high-priority interest; I think their AI is prioritizing me higher than their human analysts. But I don’t see anyone there actually doing anything about me. No, I think I figured it out recently, the thing is that I’m not financially vulnerable and that scares the banks. They have a much easier time dealing with people whose income they can impound, whose bank accounts they can control, who work for someone else, etc.; basically, they feel that I am free and it scares them, they would have to take all of my freedom in order to feel safe and content borrowing me money. I don’t feel there’s a need for any other explanation. Banks need to feel that you are a slave and that they can control you.
Interesting. Do you think that all of those people who interact with you are also being followed, at least as a low-priority target, and thus a certain level of care and attention to digital privacy is advisable?
Well, yes, but with a disclaimer that today everybody is being monitored and has some kind of score in the system, or several systems. That’s just the consequence of social media and massive data harvesting.
Amusingly enough, even though I usually get an email the same moment you post your response to me, this time I didn’t get nothing.
Now I’ve checked manually in a thread, and sure enough… response was there. Inbox and spam folders are both still empty.
Even if it’s just some kind of a glitch in WP’s Disqus plugin, it’s a damn perfect timing to make a glitch. I guess I’ll just start making myself a good tinfoil hat. 🙂
I wouldn’t think anything of it, the process of syncing between disqus and the WP internal database that feeds RSS is so glitchy, I’m surprised it works at all. I triggered the sync manually now.
Actually, I never used RSS in my life. This is just part of disqus’ built-in functionality to send email notifications whenever someone responds to my messages. You can’t do anything about it. This last reply of yours went through fine, but the old one is still MIA.
Phew… I just saw that. Beautiful.
For a moment there, it looked really intense. But the problem is, you never know. A little bit of kicking up and down is to be expected before the surge.
As I said, we’re not there yet, they are still trading mostly paper and the bluff hasn’t been called. It’s a matter of time, though, as demand for physical material is high (mostly banks), and this inverted pyramid of supply depends on people not requiring physical delivery.
Yes, but what’s also important to realize here is that ratio of disproportion between physical and paper actually goes much more in favour of silver than gold.
In case of gold, it’s somewhere around 1:300, but in case of silver it’s about 1:500. However, there’s no doubt that silver still is, and probably always will be, much more volatile and riskier investment than gold.
I actually remember you telling something about possible “nasty speculations” that silver is subject to, but then you seem to have quickly changed your mind and started buying silver. What exactly happened? Do you still think that silver can sustain some disastrous scenario where, due to trade wars, producers can flood the market with it and bring down the price significantly?
What I find comforting about silver though, is that even in the case of such scenario, current silver prices are actually so historically low they can hardly go any lower. And even if they do, they will regain moment soon enough, after a few twists and turns. At least, that’s my theory on the matter.
My thinking is always influenced by huge amounts of data weighed simultaneously in complicated manners, so it’s impossible for me to point to one or two things and say, “oh, here’s what changed my mind”. But if I had to name relevant influences, I found out that some big players like JP Morgan bought a shitton of silver, I found out that I can get into physical silver cheaply, and get out of it and into gold trivially, within seconds, if I trade with remotely vaulted metal, which reduces my overheads and risks of miscalculation, I had some unclear feelings about needing to buy it, saw some valid arguments by several people describing potential scenarios, I did my own projections based on my understanding of the global macroeconomic situation, essentially game theory (what smart self-serving entities would do if they wanted to save themselves from financial ruin and potentially increase their wealth and influence), and I basically ended up with the projection that I wrote here on the blog.
Some parts of my analysis are fuzzy, for instance I can’t say what the price ratio between precious metals will be, since quantities on the market are actually only vaguely known, and demand depends on some very hard-to-read factors, like what people see as money and what they see as industrial material, and also by the fact that industry wants to protect accessibility and price range of their inputs. Also, behavior of gold and silver so far works according to my projections, but we are still not in the zone of apparent scarcity. When scarcity becomes apparent, the prices will go up exponentially, but will the ratios remain the same, or will they behave according to my projection, where prices will eventually be determined by scarcity of the material, so since silver is 9 times less scarce than gold, it will be 9 times cheaper than gold, but is unlikely to ever become more expensive than 1/9th of gold, regardless of the situation on the market.
Also, gold is a level1 security instrument, and silver is, what exactly? So central banks will mop up gold, but market is very diligently raising prices of other precious metals as one rises, so they basically trade as a singular asset class, at least at the moment. But silver is actually very scarce, the entire silver market is very small, price wise. Metal-wise, there’s much more of it, but if gold becomes very scarce and prices go hugely up, silver will follow until the price reaches the balance of material scarcity. This means if gold is 10K per oz, silver will be 10/9K per oz. So if you bought silver at 1:90 ratio, that gives you 10x appreciation in ratio, making it ten times better investment than gold. That, at least, is the theory. In reality, I concede that parts of it are based on my understanding of facts that may or may not be true, so the results may also differ from my projections. In any case, all my new acquisitions are silver, but I still hold almost everything in gold, and I’m not selling gold to buy silver. Why? Because some weird shit might happen when gold becomes scarce and it also becomes the foundation of currency, and it might become completely impossible to get physical gold at that point, making it extremely valuable and inaccessible. Also, much more people hold silver in significant quantities, compared to gold, which means they all create strong desires that fill my mental space, affecting my assessments, and since I’m aware of that, I tend to compensate.
What’s happening now is what I meant by silver market being manipulated.
Some big actor wants to buy a shit ton of physical metal, so he dumps a shit ton of paper without any backing onto the market, and since the market at the moment reflects both paper and metal as a singular entity, the spot price drops like a rock.
Then the big actor in question quietly slurps up the metal from the market at low prices. Then the prices of course jump back up, and nobody really knows what happened.
The aggressiveness of silver’s climb is absolutely terrifying. It honestly creeps me out, like watching some monster hatching from an egg and quickly growing and gaining strength. I’ve checked the prices today afternoon, it was 595 $ per kilo on BV. By the time I’ve read this article, it was already 621. I wasn’t sure if I saw that properly so I refreshed, and now it’s 625. By the time you’re reading this, it’s probably well over 630. What the hell is happening, silver went Weimar style.
I’ve been through some extremely bad period lately, with basically all of my belongings destroyed and all accounts blocked, barely keeping myself alive at all, so my hands are completely tied ATM.
But as soon as I get access to my funds, I’ll just throw 10-15k € on silver momentarily. Gold can wait.
What’s likely happening is that all kinds of investors are “cooling down” their paper assets, essentially deciding that the risk of losses in most asset classes in the future is too great and paper currencies are both at risk of inflation and subject to negative interest, so they are buying precious metals. Since silver is significantly below its historic prices relative to gold, it is perceived as a good buy. This, I think, explains current movements which are in my opinion still only very slight compared to what I expect in the near future. What’s happening now is the movement of “smart money”, those are investors with brains, who saw the patterns early on and are now moving to protect themselves. Those early movers will be the ones profiting from the events the most.
Near future as in “this month” or more like “before Christmas”?
I suck at time.
Everybody does.
I particularly suck at it. Some things I saw have a timeframe margin of error bigger than the age of the physical Universe. In this particular case, however, I would place the time interval of expected events between 15 days and 3 months, but that has nothing to do with any spiritual perception, it’s projection based on my understanding of available facts.
Martin Armstrong has allegedly quite good grip on it; 12 years until confidence in public sector/govt bottoms. He effectively translated his way of thought process into model which is fed with overwhelming data sources.