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I always try to remember that if my gold/silver go to zero because shit got fixed, I would happily take that deal. I’d rather leave my son a functioning world than a bunch of gold coins and instructions on how bribe border guards.
It’s always about making the best of the situation rather than scheming for how you are gonna make out like a bandit when the situation unravels. I scheme too, but I try to keep it in check. I’ve raised a child for 8 years now, and during most of that time, precious metals have kicked me in the balls every time I looked at them.
Glad I ‘ve gotten something else done in the meantime. Also Chris was warning last year about a complete collapse in US oil production and there is a general rotation into commodities happening. Seems like a chap could make some money there.
I don’t follow this super closely, but didn’t the Fed cancel M3 reporting for the same reason?
I remember that. The goldbugs went nuts and the MSM explained that it was totally right to discontinue it because it was no longer meaningful, the world having changed. Or something…
M2 will be the same. An authority will eventually be trotted out to “correct” internet disinformation about the central banks trying to cover their tracks. I just hope the speaker makes studied references to Economic “Science”. Wouldn’t be the same without that touch
Dr Kory and the medical doctors at FLCCC have saved many lives with Ivermectin and could have saved hundreds of thousands more (American) lives had they been listened to earlier.
Your mother is wise for taking her health into her own hands. Hopefully she was able to source her treatments from an MD. I was able to do so back in August of 2020 from an MD who looked at the (Ivermectin) data coming out of India at the time, but it was harder back then.
Thanks to the FLCCC, many more doctors are now willing to prescribe these cheap effective treatments and prophylaxis.
Interested in hearing thoughts on this:
PSLV is being manipulated by shorts. It is now "hard to borrow", which means bankers are willing to pay interest to borrow YOUR SHARES and short sell them with the promise of buying back your shares later. Here is what you need to do. from Wallstreetsilver
“If you own a large amount of PSLV like I do, place an order to sell your shares at a price of like $500 per share. Make sure the order is “good ’til cancelled” so it stays open indefinitely. Once your shares are tied to an open order, they can no longer be lent to banks to be shorted. This will drive up the “hard to borrow” interest rates further, making it more painful for banks to short $PSLV.”
I have heard of other people cancelling the margin on their margin accounts in order to stop their own shares from being lent out.
Anybody have a link to a good summary of the rules in this area?
Hey @Canuck21 I bit the bullet and grabbed some SILJ. Its up after hours so I’m enjoying the always fleeting feeling of “being up”.
According to that, they are about 90% inside Canada + US.
A few weeks ago I was thinking I could never buy Canadian Miners once I saw Eric Sprott’s Save Canadian Miners initiative:
Apparently in Canada it’s legal to naked short sell mining stocks on a downtick! So the silver and gold miners are in an eternal state of being slammed and can really only finance themselves with bank loans. The banks require collateral which for a junior miner is their resources in the ground. So they end up selling production forward to finance themselves which means they are shorting the very commodity they produce.
Funny how anything that comes in contact with the financial system ends up being made to fuck itself in the ass, no?
To me its a situation where the retail investor is gonna have a tough row to hoe, except during times of “phase shift”. If something could disturb the system enough to really fuck it up, then dynastic fortunes could be built by investors.
My investments won’t become dynastic even if this is the day before the silver market breaks, but I will at least get something out of the farce coming to an end.
@French connexion Holey shit is that video ever great.
The part where he describes the Great Reset as “We’re gonna hand you all our shit and then rent it back from you and take your drugs and not bother you” had me laughing my ass off.
I love finding new “crazy geniuses” to listen to and this guy is a little less on the crazy side to boot.
Any good reason not to just buy SILJ if I want exposure to junior silver miners? I don’t think I can keep up with the news flow on juniors on top of everything else in my life right now, but I’d like to capture some beta.
Perhaps I’m a child, but dammit I find these ZeroHedge headlines hilarious
Recently Grant Williams interviewed Jim Stack on his (now paywalled) podcast. Most of his interviews are with different analysts predicting how and when the current bubble will pop. Stack points out that from the dotcom bubble peak it took about 2.5 years for the markets to deflate.
He argued that the last tech bubble ended when the high flyers started to fall and they fell faster and further than anything. He thought the same would happen this time around. I keep looking at Tesla for this reason.
Did your mother source her ivermectin from one of the many doctors in the US who prescribe it for Covid?
I got mine from a doctor anyways
“Here is the net effect of the run on PSLV today;”
LOL, whaddayawannabet paper silver takes a pounding in the overnight paper markets and/or the comex open?
The panel discussion linked above had an interesting theory that a lot of the 1000 ounce bars are not so much “gone” as being set aside for the run that is suspected to be coming. This will take longer than we would like but should be fun in the end.