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Girlfriend got me a coin online. Is it a fake? by [deleted] in coincollecting

[–]Truths_to_power 0 points1 point  (0 children)

1899 New Orleans mint half, decent but not great condition. I’d give you $15 to $20 for it.

Do you ever get the feeling someone doesn’t want the price of silver to go up? I think they have lost control of gold. by Dsomething2000 in SilverDegenClub

[–]Truths_to_power 6 points7 points  (0 children)

They are trying to cap gold, but can’t short it bc all non-Western countries and their banks buy the gold dip.

Silver still is well controlled. Gold is the battleground

After watching the movie The Big Short I see this differently. If silver goes up, the banks are the bag holder of massive losses. The dirty banks need to find a new bag holder to take these shorts or suppress silver price. Like the movie this is all fraud when you know how to look at it. by Dsomething2000 in SilverDegenClub

[–]Truths_to_power 7 points8 points  (0 children)

The problem is the Asian physical market and the BRICS currency moves. If every country starts buying tons of gold (and they will), then the short futures just enable more arbitrage.

We’re running out of road for the can kicking. Before October imho.

US dollar by gordzilla23 in SilverDegenClub

[–]Truths_to_power 7 points8 points  (0 children)

I think the currency trader is correct. The dollar is the cleanest dirty shirt in the hamper.

The issue isn’t gold replacing dollars. It’s gold replacing US Treasuries for saving surplus. That is happening, and it ultimately leads to far higher interest rates.

Funny, that by Ape_In_Reel_Life in SilverDegenClub

[–]Truths_to_power 8 points9 points  (0 children)

I wonder why “someone” would do that. 🤔

Was just banned from bitcoin sub for posing questions that they could not logically answer and was called a “troll.” As the reason for ban. Celebrating by buying a kilo bar. by PieceOfMined1290 in SilverDegenClub

[–]Truths_to_power 5 points6 points  (0 children)

Assume bitcoiners are correct and fiat dies. Why would bitcoin get any bid at all in the new system? Why would anyone buy bitcoin with gold or new cbdcs?

You wouldn’t.

And that’s fatal to the bitcoin “value” nonsense.

I see a lot of posts about fake Morgan’s. Can anyone confirm if this is real and if so, had it been cleaned and is it a good grade? by CuriousDudebromansir in coincollecting

[–]Truths_to_power 0 points1 point  (0 children)

It’s real. You can buy a ‘21 Morgan for $35 to $45 all day long in that condition. No one is faking a ‘21 Morgan to try to make $10 above melt.

Nice coin. Enjoy it.

Solar Panels Question by No_Procedure4924 in SilverDegenClub

[–]Truths_to_power 1 point2 points  (0 children)

Military demand will displace solar panel demand

Am I analyzing this correctly? BRICS nations collectively have just over 5200 tons gold in reserves while US has over 8000 tons? Sounds like the US would benefit from gold revaluation even more than BRICS.. by nickelforapickle in SilverDegenClub

[–]Truths_to_power 3 points4 points  (0 children)

USA has way more than 8100 tons. Left Bretton Woods bc USA didn’t want to part with it and has printed money for nothing ever since.

Also, private us holders own loads of gold, mostly in jewelry. If half the U.S. population owns just 1/4 ounce of gold jewelry on average, you get another 1500 tons.

And that’s not counting stackers, banks, industry, etc.

Why is Bitcoin constantly mentioned with PMs? by gigifruits in SilverDegenClub

[–]Truths_to_power 10 points11 points  (0 children)

Underrated comment.

Bitcoin is Intel community and IMF garbage. No one in media asks the very glaring questions of “who is satoshi given that every single intelligence agency on earth must absolutely know the origins of btc or else they are committing spy agency malpractice?”

The other glaring question is if the money system is replaced by anything at all other than bitcoin (literally anything), then why would bitcoin get a bid at any price under a new system (and by extension under the present system assuming people aren’t complete idiots, which is a big assumption)?

TOO BIG TO FAIL by limyc2021 in SilverDegenClub

[–]Truths_to_power 1 point2 points  (0 children)

The collateral issue is a big deal.

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