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/biz/ - Business & Finance

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20543994 No.20543994 [Reply] [Original]

>> No.20544153

>>20543994
your name is Bill and you're 60 years old. 'fuck out of here boomer

>> No.20544181

>>20543994
Imagine buying gold for 3% returns when LEND went up 10,000% and will only rise from here.

>> No.20544183

Only the beginning

$100 eoy

>> No.20544332

>>20544153
Boomers don't own precious metal you faggot zoomzoom. The only thing of value any of them have are their homes, which they will eventually have to liquidate at cut rates to stay alive. If they have any exposure to PM, its through paper contracts, which are going to fucking 0 on September 2nd.

>> No.20544425

>>20544332
why September 2nd?

>> No.20544459
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20544459

>>20544153
Better to stick to pic related zoomer.

>> No.20544479

>>20543994
It says it right there on the Mcdonalds nametag pinned to your chest.

>> No.20544500

>>20543994
Because that looks like the Trade Ogre logo and it sounds like you got some LOKI

>> No.20544542

>>20544425
August is the month a fuck ton of gold contracts stand for physical delivery on COMEX. September is the month for delivery of silver. They already have millions of ounces being demanded for delivery and that number is going to go up every day until the end of August. They already do not have enough metal to pay out everyone who wants some. Most likely scenario is that COMEX gets to declare Force Majeure, and the physical demanders get paid out in the equivalent amount of USD, which is not what they want.

At that point, the whole con game of PM futures exchanges is laying naked and bleeding on the sidewalk. That $20 price of silver right now? Its based on the fact that futures contracts trade more than 100 paper ounces of silver for every real ounce that exists. Except that's what the ratio USED to be at the start of the year. So much paper has been injected into the system that its now at 250 paper ounces to physical. What happens to the price when the trading instruments evaporate?

>> No.20544593

>>20544542
based. thanks for explaining anon

>> No.20544632
File: 215 KB, 1125x738, 680F705A-E023-4ED0-B5BF-7348CFEBE6FD.jpg [View same] [iqdb] [saucenao] [google]
20544632

>>20544542
just wait when they also restandardize the dollar to Au/Ag and XRPw/Codius...

>t. snagged another 100toz yesterday

>> No.20544897
File: 434 KB, 512x374, 6ft 5 Episcopal chad Volcker getting ready to grab a hatchet.png [View same] [iqdb] [saucenao] [google]
20544897

>>20544632
Judy Shelton gets her confirmation hearing to the Federal Reserve tomorrow. The same Judy Shelton (PhD.) that believes in a gold standard and hanging everyone else who works at the fed.

Volker did what he did to kill off the malinvestment of the 70s to make way for the 80s. Shelton will do the same thing, except now the entire economy is malinvestment, and the only cure is wild fire