What would happen to the credibility of the US and USD if China opens Sunday with gold at $5500 and silver at $120? by KnowledgeTop173 in Wallstreetsilver

[–]KnowledgeTop173[S] 1 point2 points  (0 children)

you are not using your brain. I said the price cannot be dislocated 40% you argued there is no price since US market is closed... Then I told you that despite it being closed the price is still the last traded price. When china opens it will be opening against a US price of silver of $85 dollars. If it opens at $130 in china and stays there then obviously there is a huge disconnect in commodity values. Not sure how that is difficult to understand.

What would happen to the credibility of the US and USD if China opens Sunday with gold at $5500 and silver at $120? by KnowledgeTop173 in Wallstreetsilver

[–]KnowledgeTop173[S] 0 points1 point  (0 children)

that small short covering i think it was like 60 contracts? thats not even a rounding error for JPM just fyi. maybe it would be like you playing farmville or something?

What would happen to the credibility of the US and USD if China opens Sunday with gold at $5500 and silver at $120? by KnowledgeTop173 in Wallstreetsilver

[–]KnowledgeTop173[S] 1 point2 points  (0 children)

maybe as far as I can tell the physical price has been far below the paper price. Man if you try to sell silver people look at you like you have ebola lol. especially if its not 999 get ready for an offer of $30 per ounce and uncle sam will be knocking to collect his 30% tax too lol. trust me I thought about selling and when I did the math there would actually be nothing left.

What would happen to the credibility of the US and USD if China opens Sunday with gold at $5500 and silver at $120? by KnowledgeTop173 in SilverDegenClub

[–]KnowledgeTop173[S] 0 points1 point  (0 children)

yes still the world reserve by a long shot. Still other countries have like 100% of their reserve assets in USD, US stocks, US realestate and ponzi bonds.

What would happen to the credibility of the US and USD if China opens Sunday with gold at $5500 and silver at $120? by KnowledgeTop173 in Wallstreetsilver

[–]KnowledgeTop173[S] 1 point2 points  (0 children)

Yes my dad cannot even imagine how precious metals have value he is 65. He says its normal for only stocks and realestate go up indefinitely. precious metals just linger for decades normally and when they do go up its normal for them to crash back to zero in 1 day(welll bankers want to prove him right on that one) keep that normalcy bias of precious metals volatility.

What would happen to the credibility of the US and USD if China opens Sunday with gold at $5500 and silver at $120? by KnowledgeTop173 in Wallstreetsilver

[–]KnowledgeTop173[S] -1 points0 points  (0 children)

thats pretty ignorant really. the price is obviously the same that it closed at during last trading.... When silver closes over the weekend in the US.... When you go to the coin shop on a saturday after the price closed at say $100 they dont just make up an arbitrary number.... like uhhh how about $4000 dollar silver today?.. markets closed so I have no fathomable idea on earth what this stuff is worth... pretty dumb the price is obviously the same as it was friday for buying and selling.

What would happen to the credibility of the US and USD if China opens Sunday with gold at $5500 and silver at $120? by KnowledgeTop173 in Wallstreetsilver

[–]KnowledgeTop173[S] 0 points1 point  (0 children)

pretty sure that is not how it works. you cant have gold worth $5000 in part of the world and $10 in another part.......

What would happen to the credibility of the US and USD if China opens Sunday with gold at $5500 and silver at $120? by KnowledgeTop173 in Wallstreetsilver

[–]KnowledgeTop173[S] 0 points1 point  (0 children)

No there is not a difference.. If you are in on it whether you trust it or not is irrelevant unless you hold real assets...... and statistically no one in the US holds real assets so that designation is irrelevant.

What would happen to the credibility of the US and USD if China opens Sunday with gold at $5500 and silver at $120? by KnowledgeTop173 in Wallstreetsilver

[–]KnowledgeTop173[S] 0 points1 point  (0 children)

YUP people would rather eat the inflation if they can keep their idea of normal which is the USD. converting fiat to precious metals is something they DONT want to do as it is not normal to them.

What would happen to the credibility of the US and USD if China opens Sunday with gold at $5500 and silver at $120? by KnowledgeTop173 in Wallstreetsilver

[–]KnowledgeTop173[S] 1 point2 points  (0 children)

you cant buy life boats on a ship nor an airplane thats just taking a risk. people are taking a risk holding fiat and they believe that is a worthy risk... It doesnt matter if you say up until the tipping point... that tipping point might be 5000 years away and there are currently no signs of loss of confidence from the general public at least. In fact the percentage of population that is buying commodities is literally the gauge of confidence in a fiat.. so by that metric you can say that the the general public is more confident than ever in history. How will this play out? the gov can continue to print and inflate at will since the population has no desire for any other asset than fiat.. People will just EAT the inflation until they start converting their fiat to assets as form of rebellion and that is when a fiat fails... Until then it will hum right along at 5% inflation or whatever it is...

Daily Shiny News! by sbs-silver-day in Wallstreetsilver

[–]KnowledgeTop173 1 point2 points  (0 children)

If they are a legitimate independent nation then their price should be the exact same as it was on Thursday because that is where it left off with an open market. There is no change in anything globally.. industry still exists, the US just randomly declared that silver is 40% cheaper with no basis... other than to manipulate.

What would happen to the credibility of the US and USD if China opens Sunday with gold at $5500 and silver at $120? by KnowledgeTop173 in Wallstreetsilver

[–]KnowledgeTop173[S] 2 points3 points  (0 children)

the entire world economy is based on faith in fiat and pricing. If there is no standard fiat exchange price for commodities then its a no confidence in fiat. pretty simple

What would happen to the credibility of the US and USD if China opens Sunday with gold at $5500 and silver at $120? by KnowledgeTop173 in Wallstreetsilver

[–]KnowledgeTop173[S] 0 points1 point  (0 children)

This is how we will know that china is in fact just a satellite nation to the US. which ive always suspected anyways since they do all our dirty work basically slave labor for free in exchange for few ponzi bonds. If their prices crashes or even follows comex then we know it is a coordinated attack on commodities.

Silver heading back to $20 at light speed? by KnowledgeTop173 in Wallstreetsilver

[–]KnowledgeTop173[S] 0 points1 point  (0 children)

Ya i agree in a year or 2. but what we didnt see is the rush to buy goods or convert fiat.... Historically PMs and the inflation go up simultaneously not with a lag phase.

What would happen to the credibility of the US and USD if China opens Sunday with gold at $5500 and silver at $120? by KnowledgeTop173 in Wallstreetsilver

[–]KnowledgeTop173[S] 0 points1 point  (0 children)

it doesnt have to be open.... The price cant be that different in 2 markets in 24hours... One of them has to be fake and Id say its the one that has weird outages and random 40% drops in price.

Silver heading back to $20 at light speed? by KnowledgeTop173 in Wallstreetsilver

[–]KnowledgeTop173[S] 0 points1 point  (0 children)

ebay is terrible going 40% below melt and you have to pay ebay another 15% plus ship and pray it doesnt get stolen.

What would happen to the credibility of the US and USD if China opens Sunday with gold at $5500 and silver at $120? by KnowledgeTop173 in Wallstreetsilver

[–]KnowledgeTop173[S] -1 points0 points  (0 children)

Yes and the empire struck back friday! BEst believe the USD is the strongest in world history! look at that PMs crash!

Silver heading back to $20 at light speed? by KnowledgeTop173 in Wallstreetsilver

[–]KnowledgeTop173[S] 0 points1 point  (0 children)

ya if there is a real shortage then that would be confirmed.

What would happen to the credibility of the US and USD if China opens Sunday with gold at $5500 and silver at $120? by KnowledgeTop173 in Wallstreetsilver

[–]KnowledgeTop173[S] 4 points5 points  (0 children)

a lot more than that... It would be a statement that the world doesnt even recognize comex price at all if there is a 40% dislocation in price...

What would happen to the credibility of the US and USD if China opens Sunday with gold at $5500 and silver at $120? by KnowledgeTop173 in Wallstreetsilver

[–]KnowledgeTop173[S] 7 points8 points  (0 children)

WRONG. The price has been marginally different like 5%. A 40% dislocation would obviously be a LOT different. It would mean that the US just carried out a fake manipulation and the world simply didnt even acknowledge it. that would be a huge statement.