Silver goes ballistic and shakes the financial system
- Thread starter Aeneas
- Start date
Actually, Trump inadvertently made it clear that Maduro won as he said that the opposition candidate, the Nobel peace prize winner, didn't have any support. In other words, she or rather her stand in, could not have won as they don't have support within the country.
Anyway, back to silver, which is rising steadily this morning, along with gold, which is currently up $100. Uncertainty rules as chaos rises and precious metals are natural safe heavens.
Most, if not all, of the videos of people celebrating Maduro's capture in Venezuela appear to be fake - either AI generated, or older videos from different times and places. See thread here...
And here...
Here are 2 authentic videos of Venezuelan citizens in the streets protesting and demanding the return of their legitimately elected President...
This article was posted with a dateline of Nov 22
Just checking on PM prices this morning it looks like silver coins are priced at $85 to $90, a premium of 12-17% over spot and Gold is pretty much the same situation.
And this one yesterdayMP Materials (NYSE:MP) and the US Department of Defense have entered into a joint venture with Saudi Arabia’s Maaden to build a rare earths refinery in the Kingdom, marking the first major project under a new US-Saudi critical minerals cooperation framework signed in Washington this week.
Korea Zinc plans a $7.4 billion investment to construct a large-scale non-ferrous metals smelter in Clarksville, Tennessee, a project U.S. officials say will materially expand domestic critical minerals processing capacity and strengthen supply chain security.
Under the plan, the U.S. Department of Defense will hold a 40% stake in the JPM Financed smelter joint-venture.
U.S. Secures Silver Smelter Deal to Process Latam Metals | Scottsdale Mint
Financed by JPMorgan, Jointly Owned by US DoD Under the plan, the U.S. Department of Defense will hold a 40% stake in the JPM Financed smelterwww.scottsdalemint.com
Just checking on PM prices this morning it looks like silver coins are priced at $85 to $90, a premium of 12-17% over spot and Gold is pretty much the same situation.
Amor
Jedi
I agree. Those corps hold huge interest in keeping the price of the silver at low. Just recently russia and china announced that from now own silver is considered a strategic resource
OK OK I do not claim to be an expert on Venezuela. But I have seen enough native videos, some of huge crowds and some individuals, and they are very happy hes gone....are they all fakes? Is anything real anymore? Are you saying people want to be ruled by a dictator, that life if better under communism? That just flies in the face of reality to me. So the Cs say he won 63% of the vote, I find that ridiculous. The liberals here in NY and elsewhere protesting in support of Madura is another crazy irony. Anyway, back to the title....silver going ballistic...
I visited my local pawn shop today and I'm very happy with my purchases. After going there for a few years this was the first time they where sold out of everything but junk silver (pre-1965, 90% silver, USA coins) a wild buying spree has been going on since the price has gone so high, FOMO, fear of missing out. Junk silver was good for me so I got an excellent deal on silver US dollars that the shop owner wanted to sell at well below spot price because no one wants the junk silver apparently. When I thought I was done with my purchase a woman came in and sold 30 Canadian Maple Leaf 1oz coins, unused and I got a few of those, my first. They are amazing, beautiful, so well done, valued with collectors, I'm so impressed. Fabulous detail. The old US money is a safe choice to avoid counterfeits and can certainly be a better purchase money wise.
The Peace Silver Dollar 1920's
The Peace Silver Dollar 1920's
Attachments
The US as well.
I sort of watch from an outsiders perspective the on going waves of drama that repeatedly pull people into one story after another. This latest with Venezuela has ratcheted up the energy level noticeably higher. The PTB/DS are going to exploit this to the max. I'm retaining my Stoic stance so far which is easy where I live. In my area people seem unaffected by it all and all reactions I see are on social media only, the #1 influencer of people these days, #2 is MSM still.
Silver is another drama queen to add to the mix. High Ho Silver!!!!
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gc8
The Force is Strong With This One
When I brought a few of these to a local dealer, their eyes got all big and exclaimed "wow! We haven't seen these in a long time!".
They offered almost spot price for them, which is unusual. I was happy to sell. 500%+ profit from a partial "stack" bought about 10 years ago (and that's an adjusted inflation figure).
When I asked what they had to sell when this run was over, they said they haven't been able to find silver to sell in the last 9 months.
Very telling that something was coming a longer time ago before this run.
The Lone Ranger started as a radio show in 1933, the year approximately that FDR pulled his gold heist. People alive at that time would remember the economic and political happenings over bimetalism where both gold and silver were the original constitutional money and the goldbugs were trying to get rid of silver. The goldbugs won. One wonders if the LR shows were like the Wizard of Oz where adult topics were put forth in children's myth.
Season 1 Episode 2 (run time about 24 minutes) kind of tells the LR story.
Season 1 Episode 2 (run time about 24 minutes) kind of tells the LR story.
The problem with this is that gas turbines have a delivery horizon of about 5 years - the books of the majors in this space (Siemens, GE Vernova, and one other I forgot) are full. Same with nuclear power stations - from the day the contracts are signed to first electricity, that’s easily 10+ years (in the US - we’re not even talking about the rest of the West). So all’s left is diesel gennies …
There is a lot of conflicting information about that - I have no way to verify any of it, so I don’t believe any it. Of course there will be people celebrating that Maduro is gone, but these will most likely be the ex-pat Venezuelans in Miami.
I hear from Venezuelan sources (totally unreliable, too!), that Maduro pretty much wrecked the economy (and the US sanctions just made that worse, but it started a lot earlier), but mostly - historically - no matter how crappy the government is, when outside forces try to topple a government, the people generally rally around the government, even if they don’t agree with it. But it seems that Venezuela at the moment is internally relatively calm.
Yes, my view as well. It makes my head spin with so many contradictory stories. I don't make absolute judgments on many things because of this. There is the issue of rigged elections that's a problem world wide so why would Venezuela be different is one of my thoughts on the matter.
