OASIS FORUM Post by the Golden Rule. GoldTent Oasis is not responsible for content or accuracy of posts. DYODD.

Santa’s in the house! Wooohooo!!!! Bugs won!

“Days when decades happen” to misquote Lenin.

I have a friend who worked for them at that time.  He was in a board meeting with one or more of them and some other people about different aspects of their operations when the news arrived. I don’t remember all the details he related, but it was a very interesting day to hear him tell it.

But this is why you do not have gold certificates – paper – and why you hold it yourself, not in ETFs or deposit boxes at banks or bullion dealers.

FDR certainly did , effectively , in 1933 , limiting ownership of gold to 5 ounces , and withdrawing gold certificate bills issued by the treasury , as I understand it.

Own physical, in your hands. No paper. Don’t buy on margin. The Hunts tried playing by the market’s rules, and the market, which controlled the silver, changed the rules. If you have your physical, unencumbered, in your hands, you aren’t subject to the market rules (although you are affected by any pricing shenanigans; but they can’t take your ounces).

This time, the Chinese own the silver. They aren’t subject to US market rules. The US market (including the banks) is realising that its rules don’t matter any more. Paper is, errr, paper. The banks need physical and have to pay any price for it. I suspect they aren’t getting yours!

The Chinese own the silver. Now they make the rules. I find it rather ironic. It’s only when the communists take over the market from the bastion of capitalism (well, debtism) that we get price discovery.

There is a difference this time around. The Hunt brothers tried to corner the market but they were just one entity using borrowed money in large part to do it. The entities buying silver this time around are sovereign nations buying for their own hoard and industrial companies that need it to produce their products. This isn’t a matter of breaking one rogue bank, these sovereigns and companies aren’t looking to flip their metal for a profit.

In that last video I posted the Asian guy lists a number of countries that bought physical silver and how much. I was stunned.

The American public and the Wall Street banks might be the only ones stupid enough to continue to play on the Comex.

The kicker was how much phyzz, JPM, B of A and another bank just bought of phyzz at $72 +. They smell a default by the end of March if this guy is right.

There’s going to be a lot of nervous eyes on Shanghai tonight.

you ask, “…they change the rules to favor a particular party (banks, shorts), how can they be trusted in any of their other markets?”

what they did to the hunt bros. was closely parallel, and people continued to buy their garbage.

same scum, different day.

“no one has ever gone broke by underestimating the taste or good sense of the american public.”

…h l mencken

The COT report shows that the scum still has over 100K short contracts on the books.

https://www.cftc.gov/dea/futures/deacmxlf.htm

That was sort of my thought as well. If the Crimex cannot be trusted to deliver on their paper promises, and worse, when they can’t deliver, they change the rules to favor a particular party (banks, shorts), how can they be trusted in any of their other markets?

Why would anyone, especially a larger entity, continue to use them?

What they did yesterday on Christmas Eve no less, should be enough to sink all their paper markets.

I’m thinking about writing the CFTC to tell them what a bunch of crooks they are.

Wind woke me up, surprised no power outs.

Checked silver. No apparent trading current candle is a bullish spinning top.

The reason not to trade, humans in Aspen, robots in charge right now then the melt up and why.

they’ll probably precipitate the rush out of COMEX whilst there is anything still there. That is, they won’t be waiting for a big player to act because by then it’s too late. Then it will be copper, aluminium, whatever else is rehypothecated to infinity and beyond.

I’m surprised cousin wasn’t on to it earlier, she and her daughter were all over the covid stuff. The police kept threatening to close their hair salon because nobody was wearing masks. They just kept daring the police to take them to court – they never did. No vaxxes, of course, but plenty of exposure to conspiracy theories facts.

Need to call it a night but one last video familiar voices.

What if the dollar collapsed.

Either they don’t know about them yet or something else. Resentment Woulda could shoulda or plain gold pays no dividends and why they’re not buying it or silver with no thought of a safety net despite seeing currency’s vanish to inflation. It’s also important to tell the young not to talk or brag about it to others that don’t have it or tell anyone you have it. Not anymore that you should tell them you have bunch of cash in your home. They could endanger themselves. At some point we might have to exchange our own PMs and shops could close or rules having it change like new gold taxes. In California they already tax it. To think about that. Where you would trade or sell in a public or secure place and make sure they don’t know where you live or follow you home. Hope it doesn’t come to that but probably be a good idea to think about.

ferret – I guess so. I was wondering that if they are draining supply of silver in Crimex, could they also do the same with gold eventually? Hope your cousin is right and it goes to $2500. 🙂 I’m surprised she’s on it with silver. I’m pretty sure not more than 1% here have a clue where silver is right now. I wonder where gold will be in that scenario.

Goldie – so his voice using an AI platform with the “Asian Guy” as the reporter? I read in the comment section that his video’s have totally taken YouTube by storm, and his videos have taken over the YouTube silver videos as most watched. Still, in comparison to other topics, not that many views.

What blows my mind is when they buy it here and sell it to China for a few dollars more after shipping China is not going to sell it back, not at that price anyway. They’re treating it like it has unlimited supply.

You know what’s even funnier than what you described. Is when you gave silver as gifts back when and know a person sold them and tell them something like that.

I think I tracked down that familiar voice on your last video I ran into too and some others.

Update

Nope it doesn’t sound like him. Maybe a voice actor.

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In the past when we’ve had these COMEX scares, pressure has always been brought to bear upon those who could have forced default by insisting on taking delivery to take cash settlement instead. When it was all paper contracts. But now, China has the inventory. COMEX has become irrelevant. And all this time, we were all wrong. We’ve been saying the wrong thing. It’s not gold.

He who has the silver makes the rules.

I like his comment that when demand destruction occurs at around the $150 mark, it won’t matter because the investment panic will take over. I caught up with a cousin last week, hadn’t seen her for six months or so, and in the interim she has discovered silver. Road to Damascus conversion. Can’t buy enough of it. “It’s going to $2,500, you know.” Her eyes almost literally fell out of her head when we described a 400 oz bar …. my father in law used to keep them on his garage floor mixed in with building bricks as disguise.