Silver is Going Crazy!!

[Sand Sifter]

Silver hits $76oz today.

Platinum is now over $2,400oz, and Palladium is now over $1,900oz. Gold holding steady over $4,500oz.

 

[Sand Sifter]

Read the history of it and why we will remain off the gold standard on the Federal Reserve Bank of St. Louis web page.

Our country and the world are in an entirely different situation/position than it's ever been in history, so prior history doesn't apply to what our reality is today. As far as the Federal Reserve Bank web page, you're getting information from an entity that's desperately trying to hold onto their power. The Federal Reserve is not part of our Gov't. It's owned and controlled by the central bank. They don't want us moving away from their fiat dollars, because that's where they make their trillions & trillions of $. They're not going to come right out and say "yeah, we'll be losing total control of the money supply because the U.S. is going back to the Gold/Silver standard". They're going to be the loser when we make the conversion, so don't expect them to be truthful, expect them to spew propaganda as they do everything they can think of to try to hold onto power.

Heritage Foundation Project 2025 talks about returning to the gold standard, but that is not realistic with the amount of gold being produced by the US and what it would cost to buy from other nations to be able to back all the dollars in circulation and held in reserve let alone start to cover our debt. Just not going to happen.

You're making an assumption that the gold that's currently being produced by the U.S. or that can be bought from other countries, is the only gold that we have, and nothing is further from the truth. The truth will come out to the masses in time, but the U.S. has acquired enormous amounts of gold since Trump's first administration, and when I say enormous, I mean more than enough to totally wipe out our country's entire debt. Stay tuned...

 

[sprchng]

We are on the gold standard now , you can trade around $4500 for an ounce of gold but that has no bearing on how many dollars they will print.

 

[D&P-OR]

UP SOME MORE!!!!!

 

[D&P-OR]

UP SOME MORE!!!!!

UP MORE YET!!!!

 

[Sand Sifter]

Are we having fun yet?

Yesterday, Silver jumped from $72oz to $75oz, so it rose $3.00oz. Earlier today, it jumped to $76oz, then the wife and I went over to her sister’s house for lunch and to hang out for a bit.

Just got home and Silvers now at over $78oz, I totally missed the jump to $77, lol. So far today, it’s jumped $3.00oz, just like yesterday. Maybe we’ll hit $100 by the end of the year, it’s possible.

Correction/Update:

I no sooner posted that Silver hit $78oz, and it’s already up over $79oz. Man, I can’t keep up with the rise of this metal. In just the last 24 hours, Silver is up over $7.00oz. Silver is quickly becoming my favorite color, lol.

 

[tvr]

Our country and the world are in an entirely different situation/position than it's ever been in history, so prior history doesn't apply to what our reality is today. As far as the Federal Reserve Bank web page, you're getting information from an entity that's desperately trying to hold onto their power. The Federal Reserve is not part of our Gov't. It's owned and controlled by the central bank. They don't want us moving away from their fiat dollars, because that's where they make their trillions & trillions of $. They're not going to come right out and say "yeah, we'll be losing total control of the money supply because the U.S. is going back to the Gold/Silver standard". They're going to be the loser when we make the conversion, so don't expect them to be truthful, expect them to spew propaganda as they do everything they can think of to try to hold onto power.


You're making an assumption that the gold that's currently being produced by the U.S. or that can be bought from other countries, is the only gold that we have, and nothing is further from the truth. The truth will come out to the masses in time, but the U.S. has acquired enormous amounts of gold since Trump's first administration, and when I say enormous, I mean more than enough to totally wipe out our country's entire debt. Stay tuned...

First paragraph sounds like a conspiracy theory. We are not in an entirely different situation / position than ever before.
As for the Federal Reserve, it can be abolished just as it was created with a bill from Congress. You are giving them more power than they actually have.
As for massive acquisition of gold by the government, another conspiracy theory.

We are on the gold standard now , you can trade around $4500 for an ounce of gold but that has no bearing on how many dollars they will print.

Nope. The dollar is not backed by gold, thus we are not on the gold standard.

 

[Sand Sifter]

First paragraph sounds like a conspiracy theory. We are not in an entirely different situation / position than ever before.
As for the Federal Reserve, it can be abolished just as it was created with a bill from Congress. You are giving them more power than they actually have.
As for massive acquisition of gold by the government, another conspiracy theory.

It's only a conspiracy "theory" to those who don't really know, then once it becomes a conspiracy fact, they'll act like they knew it all along. Time will tell my friend, stay tuned...

 

[tvr]

It's only a conspiracy "theory" to those who don't really know, then once it becomes a conspiracy fact, they'll act like they knew it all along. Time will tell my friend, stay tuned...

Yup. Time will tell ... now explain where the acquisition funds came from to back the theory.

 

[Sand Sifter]

Yup. Time will tell ... now explain where the acquisition funds came from to back the theory.

You need to do your own research, but I'll give you a starting point. This is all I'll provide on a public forum.

One man looks extremely happy, like he just hit the world's largest multi-trillion $ lottery jackpot. The other looks deflated, angry, like a man who got caught with ill-gotten gains.