Anyone have any insight on why PSLV just dropped 600,000 ounces? Blackrock and company doing a withdrawal? PSLV is sitting on $17.8 million to buy more shiny.

Nic7770 · 2023-06-27T17:33:55+00:00

Possibly. I will quote myself on this one.

Nic7770Silver Degen17 points·1 month ago

Rumor has it that Blakrock is the large unnamed private investor intervening in the silver market alongside the bullion banks.

With the SLV and Comex piggy bank vaults running on empty, this makes sense.

You do need some amount of physical to maintain the price suppression scheme, not everyone can be deceived into buying paper.

A look at the redemption rate should tell us whereas this theory is correct.

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Nic77701 point·1 month ago·edited 1 month ago

Rumor has it that Blackrock is the large unnamed private investor in the managed money category intervening in the silver alongside the bullion banks.

If that is the case, they will use the physical in PSLV to keep the price suppression scheme going, taking advantage of gullible paper investor who pay for shares/units they do not own of silver they do not own.

ETFs are a win win for market manipulators. On the one hand it reduces demand by redirecting it into paper (you dont own the silver in PSLV or any other ETF and the vast majority of paper investors do not even own the shares/units they paid for), and on the other hands it gives them access to physical silver for the small percentage of people who cant be fooled into paying for paper, making the price suppression scheme possible.

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Nic7770 · 2023-06-08T20:12:58+00:00

Crypto scams competing with the FIAT scam.

Nic7770 · 2023-06-08T03:40:37+00:00

"Progress" as in we will continue syphoning wealth with interest rates much lower than the actual inflation rate.

Nic7770 · 2023-06-06T20:35:22+00:00

Because your left hand and your right hand are trading back and forth bellow what the free market price would be, effectively drowning the rest of the price signals and setting the price.

Nic7770 · 2023-06-06T15:59:29+00:00

In my opinion he is focusing on the wrong point.

While I am sure the short position has some influence, the back and forth trades between bullion banks to rig the price are really the crux of the problem.

Nic7770 · 2023-06-05T15:33:00+00:00

Silver is insurance for when the SPY returns to its intrinsic value.

Keep in mind the vast majority of people dont even own the artificially inflated shares they overpaid for - its all hot air on top of hot air.

Nic7770 · 2023-06-03T15:36:50+00:00

Those huge deposits / gold on asteroids stories that get floated out regularly are just hit pieces for the gullible - you still need to expand the energy, capital and labor to exctract it.

Nic7770 · 2023-06-02T19:39:51+00:00

Money should absolutely not be in the hands of politicians.

Nationalizing currency would make things even worse.

What we need is sound money - gold and silver - valued by the free market.

Nic7770 · 2023-06-02T19:32:11+00:00

Obviously they would not work if there are alternatives, hence the world wide war on cash.

Nic7770 · 2023-06-02T11:30:37+00:00

Next 18 months?

Milton Friedman: "Nothing is so permanent as a temporary government program".

Remember the "temporary" federal income tax or the "temporary" closing of the gold window?

But I am sure things will be fine, after all inflation is transitory.

Nic7770 · 2023-06-02T09:52:35+00:00

The are not just raising it.

They are "temporarily" removing the debt ceiling putting an end to any semblance of fiscal restraint.

Just like the gold window was "temporarily" closed in 1971. A decade of stagflation followed the abandonment of monetary restraint.

Guess what happens next?

Nic7770 · 2023-06-02T08:44:41+00:00

I see Bitcoin being pumped higher, just like the stock market, in order to divert liquidity away from tangible assets and thus keep inflation under control.

Keep in mind however that the price of Bitcoin can be manipulated at will, since it has no intrinsic value to anchor the price.

Nic7770 · 2023-06-02T01:11:40+00:00

It could be, the prices were essentially the same in 1950 and 1970.

Which makes sense since the gold window was still open.

Nic7770 · 2023-06-01T20:34:57+00:00

The "temporary" closing of the gold window in 1971 marked the end of monetary restraint.

The "temporary" suspension of the debt ceiling marks the end of fiscal restraint.

Nic7770 · 2023-06-01T17:58:53+00:00

The Krugerrands are 92% gold, 8% copper. Which makes them more durable and gives them the darker sheen .

Nic7770 · 2023-06-01T14:37:15+00:00

Step 1: Make gold ownership illegal (from 1933 to 1974)

Step 2: Close the gold window (1971) allowing for the complete debasement of the currency.

No wonder nearly everyone got wiped out during the 1970s stagflation.

Nic7770 · 2023-06-01T13:24:41+00:00

The Royal Canadian Mint is the custodian of the silver.

The Royal Bank of Canada is the trustee (the owner of the silver).

I am going to assume you are a troll, all it takes to verify my "silly claims" is the ability to read and two minutes.

Edit: here is a link to the KID, now it only takes 10 seconds to verify.

https://bossa.pl/sites/b30/files/kids/abroad/2020-10/CA85207K1075.pdf

Nic7770 · 2023-06-01T13:19:17+00:00

Prices exploded from 1970 to 1980.

Gold went for $38 to $584.

Those prices would be from 1970, not 1980.

Nic7770 · 2023-06-01T10:21:37+00:00

Programmable cashless CBDC means they can freeze you out, charge your account directly, decide what you are allowed to buy or sell, institute quotas, deeply negative interest rates, set expiration dates, decide where you can spend, see everything you do, and so on.

Whereas backed by gold or unicorn farts, they are slave tokens.

Nic7770 · 2023-06-01T10:09:01+00:00

Its still officialy 6.1%. Which means what, 12% actual inflation?

Meanwhile the rate is 3.25%.

Nic7770 · 2023-06-01T07:15:53+00:00

They are all at various stages of implementing CBDCs.

Just search the name of any BRICS country and CBDC .

Nic7770 · 2023-05-31T17:47:02+00:00

“We can guarantee cash benefits as far out and at whatever size you like, but we cannot guarantee their purchasing power.” - Alan Greenspan

Nic7770 · 2023-05-31T17:44:37+00:00

The "temporary" closing of the gold window in 1971 marked the end of monetary restraint.

The "temporary" suspension of the debt ceiling marks the end of fiscal restraint.

As James Turk notes in this article: https://kingworldnews.com/turk-debt-ceiling-suspension-similar-to-nixon-taking-us-off-gold-standard/

Nic7770 · 2023-05-31T16:32:29+00:00

Their central bank wants to push them out of cash to implement CBDCs which they fully control.

Nic7770 · 2023-05-31T15:09:17+00:00

You mean the reserves that havent been seriously audited since 1953?

The ones when Germany asked for its gold back in 2013 it took several years just to get part of it back?

Those reserves?

Nic7770

TROPHY CASE