Silver 80 bitchez!

[osoab]

115.50

[hoarder]

I go for a short hike and come back to see silver had reached 117. It's totally out of control, which is a good thing. I don't like control. I bet there is plenty of hand wringing and kvetching at the round table these days. They had a death grip on metals pricing for so long. Now they have oil on their fingers, no matter how much they kvetch, demand yanked it from their hands.

[osoab]

Hi, Ima! We haven't had Weimar inflation yet.

We already have Weimar w/ 36+ Trillion of digital doll hairs in current debt. Loads more with future obligations. They don't make wheelbarrows large enough for these numbers.

[osoab]

Au breaks $5300

[hoarder]

We already have Weimar w/ 36+ Trillion of digital doll hairs in current debt. Loads more with future obligations. They don't make wheelbarrows large enough for these numbers.

The teevee addled masses don't notice inflation as long as they can buy a cheeseburger with FRN's. Weimar inflation is the point when they notice.
Sure, it's bad now, but it can get a lot worse. Weimar is when it can't get much worse.

I like to put things in a strategic context. We usually look at the Federal Reserve in an economic context. Suppose we put it in a strategic context and assume it isn't about wealth, it's about power. The Fed is a weapon of mass destruction.
Now think how much power a worldwide cashless society would give the banking tribe. They would have us all on a digital leash. this is what they want the most and this is why they will step softly until they implement it. This is why they will not unleash massive inflation before they achieve their objective.
I think all the "massive inflation" information providers are mistaken or misinformation agents.

[hoarder]

Look what happened in China overnight. https://goldsilver.ai/metal-prices/s...i-silver-price Premiums jumped to $16. silver will probably breach $120 today.

[osoab]

The CME is attempting again to crater silver. Doubt it works. AU close to 5400

CME hikes Comex silver margins as prices hit record highs and volatility spikes

[JohnQPublic]

I made some observations in the Silver forum. Something is very different all of a sudden (repost here):

Something does not make sense:

1. Since the days of Legend (e.g., GIM), I used the following analogy to explain silver as money to people:
a. A 1964 90% silver quarter in 1964 bought you a gallon of gas.
b. today, 20xx, it buys you about a gallon of gas (varies by year and geography in the US, but typically 3/4 gallon to maybe 2 gallons from 2010 to early 2025);
c. This worked from 2010 to the beginning of 2025;

Today, a silver quarter ($20) buys 4-5 gallons of gas! SOMETHING(s) has changed drastically.

I always taught/saw the purchasing power of silver/gold was pretty constant over time. See What Do Silver and Gold Buy? Now it seems that
1. We are in a transition from income tax based economy to a more 19th century style tariff based;
2. By cutting Russia off from SWIFT and stealing their money, we taught the world to not trust the US$ for reserve process, and accelerated the transition back to gold/silver; add resource positioning with China...
3. We are becoming more local (e.g., Monroe Doctrine) and ready to end the cold war era; when the wall came down in East Germany, I said to myself it will take at least 50 years before things begin to recover...
4. The industrial need for silver is MUCH greater than it was in 1964;
5. We have been in a silver (and probably gold) mining deficit for at least 5 years;
6. Trump may move us towards sound money again. He may even remove any taxation on fake gains vs. Federal Reserve dollars.
7. AI is the big thing, but quantum computing may make it look like child's play.
42. Remember the giant computer that took millions of years to answer the question to "life the universe and everything?" Were it a quantum computer, it may have finished in a few minutes, at which point humanity would have said, "let's try and reformulate the question a little".

A perfect storm for silver/gold and other metals is upon us.

The economy is still booming because of rapid advancement of technology (AI, eVTOL, hypersonics, quantum computing, etc.).

Wasn't it a Chinese saying, "May you live in interesting times?". Well, folks, we are living in interesting times.

[osoab]

Au gone wild this evening. At 5500 currently. The high I see is 5626!. Ag high is 119.51

[hoarder]

Trump may move us towards sound money again. He may even remove any taxation on fake gains vs. Federal Reserve dollars.

I am holding my breath.