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REPORT COPYRIGHT VIOLATION IN 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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Punk-A$$ets |
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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 don't think you can fight it. So long as the dollar maintains its preeminence as reserve currency we are powerless to fight it. More fiat can be thrown at any and all "problems" such as alternative currencies until they are pummeled into capitulation. Everything changes eventually however, history has shown this. True price discovery will come to pass in the future. Likely, discovery will come about when the BRICS scrap using the dollar and switch to straight currency swaps in mutually agreed alternative currency(ies). IF, however OPEC dumps the petro dollar as its exchange medium all bets are off much sooner. PM'S might well come to shine again as the US/EU attempt to block conversion to a competitor currency/basket of currencies. This may well force an switch to "backed" currency which historically favors gold/silver. I cant get my head around how the dollar gets toppled. Thats too much to comprehend. Martin Armstrong has shown how all these guys can stop dealing in the dollar but as a whole its just a fraction of international INVESTMENT which is based in dollars. Total international investment is ginormous and again, its all based in dollars - eventually.
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