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REPORT ABUSIVE REPLY
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Message Subject
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IS GOLD FINALLY GOING TO GET ITS FINAL WASHOUT I HOPE???
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Poster Handle
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Anonymous Coward |
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Post Content
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To any who still believe that silver is NOT manipulated I say this.
Silver being both an industrial and investment metal with all in mining/refining costs in the $22 range should tell you something.
That something is the financial powers that be do not want true price discovery.
Basic deductive reasoning says such a duality of uses would (should) enable the price of silver to float relatively consistently in a range near to or above its all in extraction costs.
In other words, if the economy is "growing" at plus 4% as claimed then industrial applications for the metal should be a force driving up the price.
If fears of inflation a fiat devaluation or outright collapse of currency are a concern then its investment demand should drive the price.
Oddly /sarc neither appears to be the case.
So yeah, there's no manipulation. It's just us tinfoil hat wearing conspiracy theorists imagining smoke where there is none.
Quoting: Anonymous Coward 45874141 Why fight it though? I mean if the charts are are showing the support levels and every trader in the world sees those charts like a language, why not just let it happen? I agree there is manipulation but because this is like a language the prices are going there anyhow. Inflation and scarcity will eventually spark a new rally to new highs. Its the nature of our monetary system. I completely agree - why fight it? The system will fail under its own weight at some point. This is as near to a mathematical certainty as one can get. I think precious metal enthusiasts are just so frustrated with the ability of the powerful financial interests to "kick the can" that they are losing sight of the big picture. PM investment is long term. Sure, we all could not imagine back in 2010-2011 how they could save silver and gold from being released from their shackles. Over the last three years, it has just amazed me how they have held shit together. They may be able to do it for even several more years. But it is inevitable that those shackles will be released. You cannot buck fundamental laws forever, like the law of supply and demand.
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