General Anyone follow cryptocurrencies (bit coin, ethereum, etc.) ?

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Rambo John J

Eats things that would make a Billy Goat Puke
First 100
Jan 17, 2015
71,545
71,469
We had some retards pushing silver hard..... They've all shut the fuck up.
No
That isn't true at all
He's correct but he's also mistakenly thinking any of this
shit operates off fundamentals and fair markets

We all know the USD is a worthless fiat currency
that should have collapsed 10-15 years ago

The Doug Caseys, Max Keisers, Harry Dents, Peter schiffs and every fundamentalist
investment advisor has been screaming "The dollar is collapsing. Buy Gold, Buy silver"
literally for decades

Gold should be at 10K and silver 3-5K and the dollar should be in the toilet

The problem is the shit doesn't work off fundamentals.
It works off manipulation, government and banking control

Remember when all the advisors were screaming "Buy silver to Squeeze JP Morgan's short position"?

How'd that shit work out?

Silver continued to plummet as JP shorted it into oblivion.
Gold and Silver mining companies plummeted.

All the shit they pushed vs the USD plummeted

The Fed and Banks are not going to loose and there isn't a chance in
hell the banks are going to allow any crypto currency that THEY don't control
to dominate finacial transactions.

Never going to happen

I just laugh when people actually think they are going to beat the Fed and Banks
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
 
Nov 21, 2015
9,140
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So is that the paper silver from early in the year or something different?
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

 

Rambo John J

Eats things that would make a Billy Goat Puke
First 100
Jan 17, 2015
71,545
71,469
Lol
Your ears must ring everytime someone says retard.
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
 
Nov 21, 2015
9,140
12,443
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
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
 

Rambo John J

Eats things that would make a Billy Goat Puke
First 100
Jan 17, 2015
71,545
71,469
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
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.
 
Nov 21, 2015
9,140
12,443
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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Nov 21, 2015
9,140
12,443
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.
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
 

Rambo John J

Eats things that would make a Billy Goat Puke
First 100
Jan 17, 2015
71,545
71,469
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
 
Nov 21, 2015
9,140
12,443
There's more gold used in manufacturing that most realize. Going forward it will only be larger amounts.

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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