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Author Topic: Something's rotten in Denmark.  (Read 693 times)

Offline pkveazey

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Something's rotten in Denmark.
« on: April 01, 2018, 08:04:54 PM »
I stacking some Silver and I often look to see what the Spot Price is. Hmmmmmmm..... The Silver market is fairly stable at around $16.50. It goes up and down all the time. This past week, I checked the price and it is stuck at $16.35 and hasn't moved not even one cent up or down. I take that as some kind of sign of somebody manipulating the market. That could be a good thing. It might just be the signal that J. P. Morgan is about to lose control of manipulating the price and it might just take off to the Moon. Tomorrow, when the market opens, I'm going to check the price about every two hours. If I didn't have my real estate tax bill coming up next month, I'd run out and buy about $1000 worth of Silver. Keep you eye on the Silver market.
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Offline JoJo

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Re: Something's rotten in Denmark.
« Reply #1 on: April 01, 2018, 08:11:11 PM »
 If I recall correctly there is an investigation into the price of gold being manipulated. It was said gold should be much higher.   
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Offline Jackalope

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Re: Something's rotten in Denmark.
« Reply #2 on: April 01, 2018, 09:11:39 PM »
    Silver doesn't seem to be as volatile as gold.  I haven't looked at the percentage of change for silver versus gold, but I imagine gold is somewhat higher.  I believe Jim Rawles recently made a suggestion that buying silver right now would be a good investment.   However, it's important to remember that you can't eat silver or gold...
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Offline pkveazey

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Re: Something's rotten in Denmark.
« Reply #3 on: April 01, 2018, 10:35:47 PM »
I just checked the price charts for Gold and Silver and they started to move again. Both of them showed flat line for 3 days. Hmmmmmm..... I don't know what to make of that. Anyway the price ratio for gold to silver is usually about 60 to 1. Right now its 81 to 1. Hmmmmm..... That means silver should be selling for about $22 per ounce. Not only that, the talking heads say gold should be higher than it is. Well, that in turn should mean Silver should also be above $22 per ounce. Yes... I know you can't eat gold or silver but sometimes you might want to buy something that you don't eat, like Gasoline, a Car, Firearms/Ammo, etc. I'm glad the wife jumped in and bought some Silver also. Now, when the SHTF, we both will have something tangible to buy things with.  :pirateThumbUp:
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Offline Kbop

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Re: Something's rotten in Denmark.
« Reply #4 on: April 02, 2018, 06:51:06 AM »
Quote from: pkveazey on April 01, 2018, 10:35:47 PM
I just checked the price charts for Gold and Silver and they started to move again. Both of them showed flat line for 3 days. Hmmmmmm..... I don't know what to make of that.

is the flat line possible because of the holidays?  might be able to track banking holidays to figure out who's putting their finger on the scale. 
On another note, i'm surprised silver isn't pushing higher faster than gold.  Silver has more industrial use.
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Offline JohnyMac

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Re: Something's rotten in Denmark.
« Reply #5 on: April 02, 2018, 10:00:22 AM »
Keep in mind that the NYC investment houses were closed Friday through Sunday due to Easter. The world does not revolve around NYC But.....

On another note: It is funny that so many people a lot smarter than me think PM's should be higher. Are the PM markets being manipulated sure but why?

> Inflation
> To keep a lock on the value of currency
> Deter folks from buying PM's
> Other?

Then by whom?

> Banks (Nations Central banks like the Federal Reserve)
> Rothschild types
> Governments
> Other?

I would venture a guess that we think we live in 'free markets' - Well they ain't anymore. The free markets of a century ago do not exist. Why?
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Offline JoJo

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Re: Something's rotten in Denmark.
« Reply #6 on: April 02, 2018, 10:10:52 AM »
 
Quote
  However, it's important to remember that you can't eat silver or gold...

 No you can't but there will always be people who will want gold most believing that SHTF will end soon and they will be rich. The thing is in the timing because in my opinion in the beginning gold will be worth a lot more because people won't be able to get their money out of the banks. Same with coins and especially silver ones. Preppers will know the difference between currency and food but the masses will take time to learn.
 
 I've been watching gold for a while now and it fluctuates like a sign wave, it lags behind the market but seems to be tied to it. 
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Offline JoJo

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Re: Something's rotten in Denmark.
« Reply #7 on: April 02, 2018, 10:20:17 AM »
Quote
On another note: It is funny that so many people a lot smarter than me think PM's should be higher. Are the PM markets being manipulated sure but why?

 To keep the price low. Russia China and I think Iran are buying large amounts of gold because of the attack on the petro-dollar. China is trying to make the Yuan the petro-dollar and Russia is doing the same with their currency. Then they can back their currency with gold. Just my opinion.
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gadget99

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Re: Something's rotten in Denmark.
« Reply #8 on: April 02, 2018, 10:36:11 AM »
The fluctuations in the PM markets have interested me just a bit.

I had at one point toyed with the idea of PM being an investment item. Yet seeing how volatile the markets have I soon figured to stay away from it for that purpose.

However I do indeed intend to buy in some good and silver a some point as just in case items for our prep. I am treating this as I would insurance in a way. Buy in and stock turn away in the safe for use in a SHTF environment only. If SHTF does not happen in my lifetime I pass it on to our children along with the rest of our preps for their use if SHTF.

A durable economic trade item as opposed to a speculative investment.

Now back to the OP. I firmly believe that there is a whole bunch of rigging going on in not only the PM markets but also in all of the markets. It would not be a far stretch of the imagination to believe that there is a bit of a war happening globally in the economic markets. It is going to be interesting to see how this will play out.

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Offline Nemo

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Re: Something's rotten in Denmark.
« Reply #9 on: April 02, 2018, 11:02:35 AM »
You all stay informed on silver prices by?  I generally go to Monex.com first.  Thoughts?  Recommendations?

Nemo

Quote
1100 today, Silver-- $16.58,  ^ .28

Per running ticker at https://www.monex.com/
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Offline JoJo

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Re: Something's rotten in Denmark.
« Reply #10 on: April 02, 2018, 07:24:48 PM »
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Offline Erick

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Re: Something's rotten in Denmark.
« Reply #11 on: April 02, 2018, 07:55:43 PM »
Quote from: JoJo on April 02, 2018, 07:24:48 PM
China is paying for oil with the yuan.

http://www.shtfplan.com/headline-news/in-unprecedented-move-china-plans-to-pay-for-oil-imports-with-yuan-instead-of-dollars_04022018


It was only a matter if time.
The dollar was a dominating currency because American made 50% of all goods on the planet.. so our currency could be used to buy stuff from here.

Now that the left has deconstructed american industry the dollar buys less.

Similar to Russia we make primarily raw materials and defense products.
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