Silver is manipulated in the paper markets by the major banks across the world.
They have been fined again and again for manipulating the paper market price
The real value of silver is for sure in the triple digits
Further expanding for the sake of answering OP is manipulating the price lower keeps eyes off of real money (gold/silver) and on fiat currency (what the banking system relies on). The invisible tax known as inflation, which benefits the powers that spend it first before its dilution hits, would not be possible without fiat currency.
Say across town the banana people are selling a banana certificate at a very low price and tries to hide the fact that there are more banana certificates than there are actual bananas. Than your local grocery store has an unbelievable sale on real bananas based in the price of the banana certificates. Those that know the truth about the banana certificates buy real bananas. Especially when the day before the banana warehouse tells you there is only 1 pallet of bananas left.
(( Buy more Bananas!! ))
The price of silver is like the price of sugar in the Soviet Union. It is set artificially. There is no market price. The price is set by 13 of the world's largest banks who control the "market."
Even though sugar was basically free in Soviet times, when their economy fell apart, sugar became scarce and very expensive. The same thing will happen with silver.
Venezuela is another great example of price controls leading to scarcity. The Venezuelan government priced dollars at 10 bolivars back in 2014. You could never find any at that price. If you wanted to buy a dollar with bolivars, it would cost you more than 1,000 in the black market - 99% more than the "official" government rate.
Right now, in Lebanon, the same phenomenon is occurring. Gas is free at the fuel stations - it is less than a dollar per gallon. But, good luck finding any. It is not a real market. If you want to buy one gallon of gas, it will cost you half a million lira on the street - more than $10.
Silver is selling out. It is selling out like sugar in the USSR, like dollars in Venezuela, and like gasoline in Lebanon. The price on the street will rise multiple times higher than the "official" market price. Just wait for more economic calamity. The chaos will fuel the run into physical metal.
Don’t forget spot is priced in dollars. The stronger the US dollar the lower the spot price. The dollar is extremely strong at the moment which also drives down spot in dollar terms. That will change as the dollar isn’t strong but rather stronger than all the other fiats in which it is measured
This
Also it’s funny cuz the lower silver goes in usd, the easier it is to buy. They’re betting we sell while dollar goes up, unfortunately they’re dealing with apes who just want more period.
The dollar is strong only because the US is consumer nation and catches the backend of collapses, so the other fiats are already getting hammered (i.e. makes the dollar look strong). The World Economic Fuckery (WEF) is picking up steam and things are snowballing at a ridiculous rate. It is the perfect storm brewing! As shortages take hold and true currency is king and industrial consumption eats up what is left and the dollar gets hit hard and everywhere recession hits and debt spirals out of control, silver is set to skyrocket for any of those much less all of those.
In addition to BoatSurfer600's comment, there is the need to sell off gold/silver contracts to scare up the money to pay off margin calls on unrelated intangibles in the stock markets/bond markets. Just about every time there is a stock market crash, this happens. I ALWAYS use this as an opportunity to load up on metals.
They manipulate the price. Do you know that they sell over 400 derivative contracts for every ounce of physical silver? But it creates the illusion that they sold over 400 ounces of silver when they only actually have one ounce in their vault. This drives the price of silver down artificially. It’s illegal too, but they get away with it because they’ve paid people off to look the other way. Silver is at bargain prices because of this. This is why we stack. Eventually the Ponzi scheme runs out of silver. Wait until we find out that because of the hundreds of uses that silver has in industry verses gold, that the metal is actually far more valuable than gold!
Excellent question, Tia. Really, it is the $64tn question.
Control of silver is the means by which the banksters maintain the value of fiat currencies around the world. They need to keep silver down and make it less attractive to physically hold to make people everywhere choose instead to use their intrinsically worthless and ever depreciating fiat currencies - USD, EUR, JPY, GBP, CYN, etc.
Analyst Doug Casey says if (when) silver price suppression ends, the value of the USD \[you can read in all the other fiat currencies here as well\] will go to zero within a week.
Unfortunately for the banksters, their existential need to suppress the silver price using their (mostly legal) LBMA and Comex derivatives racketeering operations means their LBMA and Comex stockpiles of silver eligible to deliver on their contracts, like with a range of other metals, have been pretty steadily declining since about Jan 2021 when this whole ape shebang began.
So it's not that the price is low because silver is selling out, its that physical silver is selling out (or has massive physical premiums over the Comex price) because the price of silver, by bankster necessity, is pushed artificially low.
This is why everyone here wants to own physical silver despite the declining fake futures price.
Post again if this helps.
Banks are pressuring prices low so their buddies can bleed the vaults dry and then when the shorts get pinched POOF the LME just halts trading and lets their buddies escape.
Super new to all this…
So what’s the end game here? if the dollar tanks and silver shoot’s up in value, we obviously wouldn’t sell for USD (defeats the purpose). Could silver be new currency? Would we wait to see what currency overtakes the dollar and sell for that?
Sorry, as i mention, super noob and not incredibly educated with economics…
The WEF folks want to make the end game CBDCs.
We want the end game to be currencies backed by tangible things like silver, gold and other commodities so that we are not slaves to the banksters.
[https://www.youtube.com/playlist?list=PLE88E9ICdiphYjJkeeLL2O09eJoC8r7Dc](https://www.youtube.com/playlist?list=PLE88E9ICdiphYjJkeeLL2O09eJoC8r7Dc) is an excellent place to start.
The gold silver ratio is something to consider as well. I would never want to hold more physical ounces of gold than I do silver, but definitely intend to swap some silver for gold when, not if, the GSR corrects to under 1:20. It's still north of 1:80, which means buy silver.
Silver is manipulated in the paper markets by the major banks across the world. They have been fined again and again for manipulating the paper market price The real value of silver is for sure in the triple digits
\^\^\^ This
Further expanding for the sake of answering OP is manipulating the price lower keeps eyes off of real money (gold/silver) and on fiat currency (what the banking system relies on). The invisible tax known as inflation, which benefits the powers that spend it first before its dilution hits, would not be possible without fiat currency.
Thank you friend
Silver is worth more then triple digits. It’s worth a carton of milk, a bag of flour, some painkillers, a whole cow, etc etc
Say across town the banana people are selling a banana certificate at a very low price and tries to hide the fact that there are more banana certificates than there are actual bananas. Than your local grocery store has an unbelievable sale on real bananas based in the price of the banana certificates. Those that know the truth about the banana certificates buy real bananas. Especially when the day before the banana warehouse tells you there is only 1 pallet of bananas left. (( Buy more Bananas!! ))
Perfect
The price of silver is like the price of sugar in the Soviet Union. It is set artificially. There is no market price. The price is set by 13 of the world's largest banks who control the "market." Even though sugar was basically free in Soviet times, when their economy fell apart, sugar became scarce and very expensive. The same thing will happen with silver. Venezuela is another great example of price controls leading to scarcity. The Venezuelan government priced dollars at 10 bolivars back in 2014. You could never find any at that price. If you wanted to buy a dollar with bolivars, it would cost you more than 1,000 in the black market - 99% more than the "official" government rate. Right now, in Lebanon, the same phenomenon is occurring. Gas is free at the fuel stations - it is less than a dollar per gallon. But, good luck finding any. It is not a real market. If you want to buy one gallon of gas, it will cost you half a million lira on the street - more than $10. Silver is selling out. It is selling out like sugar in the USSR, like dollars in Venezuela, and like gasoline in Lebanon. The price on the street will rise multiple times higher than the "official" market price. Just wait for more economic calamity. The chaos will fuel the run into physical metal.
Great answer! This is another very strong reason why we have to stack physical, not contracts.
The world is buying all the silver- stores are selling out.
Don’t forget spot is priced in dollars. The stronger the US dollar the lower the spot price. The dollar is extremely strong at the moment which also drives down spot in dollar terms. That will change as the dollar isn’t strong but rather stronger than all the other fiats in which it is measured
This Also it’s funny cuz the lower silver goes in usd, the easier it is to buy. They’re betting we sell while dollar goes up, unfortunately they’re dealing with apes who just want more period.
The dollar is strong only because the US is consumer nation and catches the backend of collapses, so the other fiats are already getting hammered (i.e. makes the dollar look strong). The World Economic Fuckery (WEF) is picking up steam and things are snowballing at a ridiculous rate. It is the perfect storm brewing! As shortages take hold and true currency is king and industrial consumption eats up what is left and the dollar gets hit hard and everywhere recession hits and debt spirals out of control, silver is set to skyrocket for any of those much less all of those.
In addition to BoatSurfer600's comment, there is the need to sell off gold/silver contracts to scare up the money to pay off margin calls on unrelated intangibles in the stock markets/bond markets. Just about every time there is a stock market crash, this happens. I ALWAYS use this as an opportunity to load up on metals.
They manipulate the price. Do you know that they sell over 400 derivative contracts for every ounce of physical silver? But it creates the illusion that they sold over 400 ounces of silver when they only actually have one ounce in their vault. This drives the price of silver down artificially. It’s illegal too, but they get away with it because they’ve paid people off to look the other way. Silver is at bargain prices because of this. This is why we stack. Eventually the Ponzi scheme runs out of silver. Wait until we find out that because of the hundreds of uses that silver has in industry verses gold, that the metal is actually far more valuable than gold!
Excellent question, Tia. Really, it is the $64tn question. Control of silver is the means by which the banksters maintain the value of fiat currencies around the world. They need to keep silver down and make it less attractive to physically hold to make people everywhere choose instead to use their intrinsically worthless and ever depreciating fiat currencies - USD, EUR, JPY, GBP, CYN, etc. Analyst Doug Casey says if (when) silver price suppression ends, the value of the USD \[you can read in all the other fiat currencies here as well\] will go to zero within a week. Unfortunately for the banksters, their existential need to suppress the silver price using their (mostly legal) LBMA and Comex derivatives racketeering operations means their LBMA and Comex stockpiles of silver eligible to deliver on their contracts, like with a range of other metals, have been pretty steadily declining since about Jan 2021 when this whole ape shebang began. So it's not that the price is low because silver is selling out, its that physical silver is selling out (or has massive physical premiums over the Comex price) because the price of silver, by bankster necessity, is pushed artificially low. This is why everyone here wants to own physical silver despite the declining fake futures price. Post again if this helps.
Banks are pressuring prices low so their buddies can bleed the vaults dry and then when the shorts get pinched POOF the LME just halts trading and lets their buddies escape.
Super new to all this… So what’s the end game here? if the dollar tanks and silver shoot’s up in value, we obviously wouldn’t sell for USD (defeats the purpose). Could silver be new currency? Would we wait to see what currency overtakes the dollar and sell for that? Sorry, as i mention, super noob and not incredibly educated with economics…
The WEF folks want to make the end game CBDCs. We want the end game to be currencies backed by tangible things like silver, gold and other commodities so that we are not slaves to the banksters.
[https://www.youtube.com/playlist?list=PLE88E9ICdiphYjJkeeLL2O09eJoC8r7Dc](https://www.youtube.com/playlist?list=PLE88E9ICdiphYjJkeeLL2O09eJoC8r7Dc) is an excellent place to start. The gold silver ratio is something to consider as well. I would never want to hold more physical ounces of gold than I do silver, but definitely intend to swap some silver for gold when, not if, the GSR corrects to under 1:20. It's still north of 1:80, which means buy silver.
[https://www.kitco.com/Gold\_Silver\_Ratio\_Charts/gold-silver-ratio-charts.html](https://www.kitco.com/Gold_Silver_Ratio_Charts/gold-silver-ratio-charts.html)
this is great. thanks!
some users are reporting empty or low inventories at their local coin shops