I manage Hedgefunds. I know exactly who it was
We might be talking about different things. Are you talking about paper silver in the winter?
JP's short postion who the public "thought" they were stuck and
trying to unwind. We all got a big kick out of it
So is that the paper silver from early in the year or something different?
No
That isn't true at all
Silver plummeted?
I bought silver 14 months ago for 14.5 USD an ounce Currently that same ounce sells for 35+.
I agree 100% it is manipulated...That may not last forever though...It is a preservation of wealth not something for short term or "big gains"
I also agree about crypto
The position I'm referring to is the move a few years back when every
clown on CNBC was saying JP was stuck and couldn't unwind a short position
The Paper fiasco where they sold more gold and silver then they actually had
was another. Guys like Gerald Celente fucked around and found out
When all else fails we "Spoof" and just pay the fine
J.P. Morgan settles lawsuit that accused firm of 'spoofing' precious metals markets trades
J.P. Morgan settled a suit accusing the bank of "spoofing" trades in the silver futures market. The suit was filed by hedge fund manager Daniel Shak and two commodity traders.
Sir.
There are retards and I will Called It.
Lol
Your ears must ring everytime someone says retard.
GERALD CELENTE: My Gold Account Was Emptied By MF Glob
GERALD CELENTE: My Gold Account Was Emptied By MF Global
www.businessinsider.com
All the hedgefund managers, Quants, spoofers and front runners on the Gold Desk
he thought he was going to squeeze...
my ear is ringing
not from words tho
Just addressing that people who stack silver haven't gone anywhere at all and it hasn't lost value
Digital Gold is funnyGERALD CELENTE: My Gold Account Was Emptied By MF Glob
GERALD CELENTE: My Gold Account Was Emptied By MF Global
All the hedgefund managers, Quants, spoofers and front runners on the Gold Desk
he thought he was going to squeeze...
LMAO
I order silver eagles by the case and keep a supply myself, however
the idea that Gold and Silver is going to replace the US Dollar when its
being held by the public is laughable
It won't replace the US Dollar until banks hold most of the physical
ie whatever the public is holding the banks will hold the price down
and whatever the public isnt holding the banks will push the price up on
That's not the value of gold or silver.
Explain.
M
member 1013
Guest
@Dat Pre-HollyHolm Ronda $ gibbme Money
There are other currencies than USD. PMs can be exchanged for those currencies.
I don't know anybody that thinks PMs will replace the dollar. You may, but I don't know those people.
Personally, I am not interested in a digital form of a hard asset...If I want gold or silver or plat then I want it on hand and in a secure location I have access to.
Silver is a major component in manufacturing
Gold not so much
I don't hold much physical gold for that reason and I certainly wouldn't
own paper. I ran those desks and I know the bullshit that goes on
with the paper market.
Silver is a much safer metal to hold physically.
Metals are still good for tax avoidance
They are one of the few assets you can hold in offshore accounts
without FBAR (Foreign Back Account Reporing)
Even better... Rare Stamps
Much easier to move around and much easier to store
your money in offshore without reporting
Who the fuck wants to pay for a bullion vault when you can hold the same dollar
amount in a fucking envelope
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There's more gold used in manufacturing that most realize. Going forward it will only be larger amounts.
Y'all mofuckees need to find jeezus
Yeah I agree brotha.
As for the dollar... As long as the US has the biggest army
and the Banks choose it then it will remain the worlds reserve
currency. At least until someone whips our ass.
When the banks choose something else whether it be digital
or wood chips... That asset will then be the reserve currency
Sadly, its a shit world with a shit sytem and the public does nothing about it
wood chips haha
Just as valuable as the the paper US Dollar.
At least they'd last longer in the fireplace to keep
us warm if the whole system collapses
Yeah I'm not saying its a dog.
I keep both but much more partial to silver.
We don't get huge tranche orders to execute Gold positions from
manufacturing companies like we do silver.
People don't realize much of the trading going on isnt being done by banks
A large portion of our orders to execute a position come from manufacturers
like Toyota. ie "Hey sell our Yen position and buy silver at xyz price for the
month of abc"
We don't typically see those kind of orders for gold at the same frequency
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