Agreed. Initially I was irritated, but it's a clear alarm bell that trust has left the chat and sound money is coming back.
I don't know what price level will cause the market to seek alternatives, but it will happen.
Silver will undoubtedly have a massive correction eventually, but hard to say from what price level. It depends on what the silver whales choose to do.
It's all being driven by the RIC specially China. And the West is severely short on both lol
Anyways, the sooner they destroy paper futures on precious metals, the sooner paper btc will be destroyed as well. It's all correlated 😇
Did you intentionally leave the B and S off BRICS? Maybe I missed some recent news.
I'd like to be more informed about the position the US is in with paper futures. Have you read anything good or seen good video content on the subject?
Yes lol Russia, China and India have been heavily stacking since Russia got sanctioned. Brazil and South Africa to a lesser extent...
I'll share some videos on the US gold dilemma. But basically it doesn't have what it claims and on top of that, has millions of tons of paper gold/silver trading in the stock market and futures. The Emperor has no clothes type of deal lol
Yeah the gold bugs have suspected that for years. There was a lot of chatter early in Trump's second term about auditing fort knox... That went totally quiet, then there were a lot of gold repatriation rumors and then that got quiet too.
I would assume wall street is in a worse position than the government and they'll be needing a massive bailout once the contagion spreads. Nothing unexpected for anyone who's been paying attention, but I always like to learn more.
There’s been a lot of repatriation of gold to the US believe (e.g. boats full of gold from UK to US). Yeah, went kinda quiet on the audit front … I think we all know why. But they must have a least some after Libya et al.?!?!
They don't have the gold. Reason why they went quiet lol
Hopefully the painful lessons of paper-metal will prime the market to hold the real thing:
BTC way easier to self-custody and way, way easier to verify than metals
