I'm not invested in Surge Copper but they seem like a very good place to be for copper. I am invested in Nighthawk though, and I've got to say they're now confirming their last 200m long medium grade hit. I'm excited!
$40 in 1979 was worth a lot more than $45 in 2011 and a lot more than $30 today. Zoom out to the last 200 years and adjust for inflation. Silver only goes down.
Levi Williams
1979 is a fake bull market though, see case Hunt brothers
Josiah Taylor
These threads about financial collapse are so depressing.
Bentley Barnes
This is a myth. The Hunt Brothers were a scapegoat and severely wronged. Silver went back to its normal 1:14 GSR during the 70s bull market. If Volcker hadn't let interest-rates rise to 20%, the dollar would have plunged to zero. Impossible for the Fed chairman to do the same thing this time, so this time the dollar really is plunging to zero. COMEX manipulation will cease, China and Russia will issue gold-backed currencies, gold will go 1:1 with the Dow, and silver will once again revert to a 1:14 GSR.
Nolan Phillips
if you're going to make ridiculous statement you have to substantiate them with at least a little bit of objective data. show me some evidence that 1oz of silver has mostly declined in value for the last few hundred years. im willing to listem, but i dont want to spend my life engaging with shitposters.
>he believes le hunt brothers meme
normie exposed. they were scapegoated by the banking cabal.
Gabriel Martin
Holding long silver contracts 2022 expiry and physical. These contracts are raping me. About to give up this manipulation is killing me. Feels like every investment is a god damn gamble. Any 2021 ideas of where silver goez?
Camden Price
Not so much if you own precious metals though Hunt brothers were indeed wronged but they did try to corner silver. The government fucked them in the ass because the government doesn't like competition. >normie exposed. they were scapegoated by the banking cabal. Alright, redpill me. Give me links please
Luis Miller
>1k a single once of silver Will have sold my miner by this point but will still have my physical. Maloney think it's only going to take until 2023 to reach this stage.
Jack Rivera
How do people jump into a manipulated market, because its manipulated, and then complain that it is manipulated. The whole theory behind silver is that it has a suppressed price due to manipulation.... That manipulation may go one for quite some time. Everyone knows this, I hope.
Ryder Morgan
Post yfw you realize that recent stock/crypto surge and pm smackdown was just a distraction before final bullrun.
The Hunts were simply trying to protect their wealth by taking delivery of physical silver on the COMEX, which was perfectly legitimate both morally and lawfully. Are you aware of how high high inflation was at the time? Bonds were known as "certificates of confiscation." You put $250,000 in and got $150,000 out. Gold and silver were the only safe havens for your money. The dollar came perilously close to collapsing, and was only saved by Volcker. We are simply going to see 1979 repeated now, because the financial circumstances are exactly the same (negative real yields). Only, this time, interest-rates can't go up. So this is where the dollar dies, and silver reverts to a normal 1:14 GSR forevermore.
Andrew Lee
Look what happened from 2009 to 2011. It still surged hard with manipulation and on top of that the problems are now magnified.
Dominic Torres
This, but unironically
Nathaniel Cruz
>The Hunts were simply trying to protect their wealth by taking delivery of physical silver on the COMEX, which was perfectly legitimate both morally and lawfully Yes, agreed. And they took a lot of deliveries. Again I agree, legal and morally legitimate. >Are you aware of how high high inflation was at the time? Actually, I didn't know that. Makes sense to get physical at a time like that
But how were the Hunts scapegoated? In the end, they had the most glorious silver stack in history, and the government fucked them in the ass by restricting buying at COMEX so they lost everything at the futures market. They were wronged but how were they scapegoated?
Dylan Martin
2011 was unfortunately a headfake. Short-term interest-rates (Fed Funds/Official Bank Rate) were at 0%, but the ten-year treasury still had a 5% nominal interest-rate. So the bankers still had some ammunition left to use Q. E. and keep the system going for a few more years. Crypto was also a convenient distraction (the mcap of BTC could buy the annual supply of investable silver six times over). But Q. E. has now caused real yields to become really negative, and 2018 has shown us that interest-rates can never go up again without crashing the system, so this truly is the end. A bond-market collapse is inevitable. China, Russia, and other countries are also perfectly positioned to dump the dollar and go back to gold.
Jaxon Sullivan
Kek, cryptotards are freaking out because coinbase is down
The reason why I say the Hunts were scapegoated, is because the high inflation of the 70s and 80s would have caused people to run to silver anyway. The Hunts were prescient enough to front-run that, because they wanted to protect their billions. But if they hadn't done so, other billionaires simply would have taken delivery of those same silver bars. You lost almost half your money by buying bonds. The dollar was going to collapse unless the Fed raised interest-rates, but people blamed the Hunts for all the problems that were going on with the dollar.
Joseph Murphy
Yes but the implications for mankind at large is what is depressing. We can preserve our wealth but the great majority of people will not. Families with children will suffer. This is completely unacceptable given how long humans have been in existence. We can send people to go walk on the moon and put Pornhub access in the palms of billions worldwide but can’t have stable currencies, a genuine “open” economy, and basic bread and water, let alone prosperity, for billions of people. A 30,000 ft view of humanity’s condition should be enough to convince anyone that there are wicked forces actively engaged in sabotaging humanity. Things just don’t get this dire on their own. That’s why I find these threads both immensely helpful and illuminating but also depressing.
Gavin Garcia
>Digital gold
Ethan Sanchez
30% Silver 20% Gold 25% Bitcoin 25% Ethereum Am I going to make it, bros?
Logan Myers
We have been talking about the problems on Coinbase for a few days now on /pmg/. Pages and pages of angry people on Reddit have been saying that they couldn't cash out.
the Hunt's saw the collapse coming a mile away and took action and were pretty public about it. they accumulated the fattest private stack of silver the world had seen(that we know of) and they became an easy target for the bakers to point to and say 'hey look, silvers going because these bad guys are cornering the market! it has nothing to do with inflation!'
