I worked for the the worlds largest exchange for financial derivatives for 3 years a number of years ago, I can tell you 100% the price of precious metals and crypto are manipulated by short sellers.
What will blow the scheme up is silver, because the price is so low, it's consumed as an irrecoverable industrial commodity that requires physical delivery of the underlying asset where the shortages are clearly visible.
Also the market is so small, it doesn't take a lot of demand to send the price of silver to the stratosphere. That's how the Hunt Brothers cornered the market in 1980.
Put into perspective, in 1980, you could buy a house in the US for about 1200 oz of silver or 70 oz of silver.
Today, 1200 oz of silver is $37,200 while 70 oz of gold is $210,000.
A house today for $210,000 isn't that far fetched, but can you imagine buying one for $37,200?
I've known this for over 15 years, and sold almost all my retirement savings after the 2009 Financial Crisis when I first learned it.
I have been accumulating gold and silver (mostly silver) ever since.
The other element to consider is geopolitical.
In 1980, the Cold War hit one of the hottest point since the Cuban Missile crisis in 1962, and gold very rapidly hit an all time high, as it is now.
Within 3 years, the world came dangerously close to a nuclear exchange between NATO and the Soviet Union.
Today, we're even closer to nuclear war than either 1962 or 1980 and the price of gold specifically is reflecting that geopolitical sentiment.
In the past few days, all the European leaders (and the Canadian Prime Minister) have signed onto an agreement by British Prime Minister Starmer that included a provision to send NATO troops into Ukraine.
If they follow through, that could trigger an extremely violent response from Russia which could very quickly escalate to a nuclear war.
I wouldn't be surprised if that happened to see the British Isles eradicated by the Russians and there is no limit to how high gold and silver would go if that were the case.
The elites in Britain have no idea how dangerous their actions are and most people don't realize how dangerous the geopolitical situation is. Put in perspective, the Russians developed an AI controlled nuclear torpedo called the Poseidon specifically to create a nuclear tsunami that could turn London into an uninhabitable irradiated wasteland for at least a century and they've threatened to us it if NATO gets involved in Ukraine.
I've been interested in geopolitics for almost 20 years, and have tracked the precious metal prices daily.
Big moves in either of the metals always signal something earthshaking is happening.
If you look carefully at the prices of gold and silver you can see every major geopolitical event of the past 100 years.
The gold price is screaming something is about to happen.
When silver makes it's big move, you'll know exactly that that "something" is going to be.
The recent correction in gold and silver appears to be an excellent buying opportunity. Silver especially looks fantastic after dropping over 10% in 2 days.
I worked for the the worlds largest exchange for financial derivatives for 3 years a number of years ago, I can tell you 100% the price of precious metals and crypto are manipulated by short sellers.
What will blow the scheme up is silver, because the price is so low, it's consumed as an irrecoverable industrial commodity that requires physical delivery of the underlying asset where the shortages are clearly visible.
Also the market is so small, it doesn't take a lot of demand to send the price of silver to the stratosphere. That's how the Hunt Brothers cornered the market in 1980.
Put into perspective, in 1980, you could buy a house in the US for about 1200 oz of silver or 70 oz of silver.
Today, 1200 oz of silver is $37,200 while 70 oz of gold is $210,000.
A house today for $210,000 isn't that far fetched, but can you imagine buying one for $37,200?
I've known this for over 15 years, and sold almost all my retirement savings after the 2009 Financial Crisis when I first learned it.
I have been accumulating gold and silver (mostly silver) ever since.
The other element to consider is geopolitical.
In 1980, the Cold War hit one of the hottest point since the Cuban Missile crisis in 1962, and gold very rapidly hit an all time high, as it is now.
Within 3 years, the world came dangerously close to a nuclear exchange between NATO and the Soviet Union.
Today, we're even closer to nuclear war than either 1962 or 1980 and the price of gold specifically is reflecting that geopolitical sentiment.
In the past few days, all the European leaders (and the Canadian Prime Minister) have signed onto an agreement by British Prime Minister Starmer that included a provision to send NATO troops into Ukraine.
If they follow through, that could trigger an extremely violent response from Russia which could very quickly escalate to a nuclear war.
I wouldn't be surprised if that happened to see the British Isles eradicated by the Russians and there is no limit to how high gold and silver would go if that were the case.
Nice info there AutismDad. I sincerely hope England revisits their thoughts and tactics.
The elites in Britain have no idea how dangerous their actions are and most people don't realize how dangerous the geopolitical situation is. Put in perspective, the Russians developed an AI controlled nuclear torpedo called the Poseidon specifically to create a nuclear tsunami that could turn London into an uninhabitable irradiated wasteland for at least a century and they've threatened to us it if NATO gets involved in Ukraine.
I've been interested in geopolitics for almost 20 years, and have tracked the precious metal prices daily.
Big moves in either of the metals always signal something earthshaking is happening.
If you look carefully at the prices of gold and silver you can see every major geopolitical event of the past 100 years.
The gold price is screaming something is about to happen.
When silver makes it's big move, you'll know exactly that that "something" is going to be.
The recent correction in gold and silver appears to be an excellent buying opportunity. Silver especially looks fantastic after dropping over 10% in 2 days.