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

For allowing G&S to have a tiny positive increment with your GOD, er, DOW rising.

I just listened to a bit of the video that you posted (thanks for posting it).
Andy S. said something very interesting. I don’t recall his exact words, but he said something like most investment funds have something like a half of 1 percent invested in metals and metal equities. As trust in our government and the fiat fades, he thinks that number could rise to 5%, maybe even 10%. If that’s the case, mining stocks will rise like a meteor (he mentioned something like, a lot more than the rise we’ve seen in NVDA).

I know………we’ve heard a similar line for a long time now. I do think we’re closer to the end than we’ve ever been. It will be interesting to see how it all unfolds……

No, I wasn’t referring to anybody.

If somebody is reading this and a light goes on … so be it.

I do think the shares will outperform considerably for years from whatever low we see this Fall – but the confiscation / broad collapse risk (in the shares) moving forward is suggestive only small positions should be risked / considered.

Have a good one.

Cheers

Yep. Gold has held up well.

Didn’t know the BRICS were meeting now. Typical media blackout I guess. Would think ZH would cover though.

When you say “you should jump in” surely you aren’t referring to me. I own nothing but phyzz and some real estate.

I think it was all staged.

Oh the yen carry trade is no longer a good idea – no really – we haven’t turned this into a suicide mission – no really … honest.

They have to get gold and silver down as far as possible with the BRICs meetings going on etc.

Just listen to Andy Schectman on this subject and more. (Listen to the compliment Shawn gives Andy at the end – won’t hear that every day.)

So, they were able to club silver like a baby seal – but gold is a stallion – holding above $2400 despite their best efforts to tamp it down.

Is it BRICs buying? Is it a deteriorating debt market(s)?

Frankly Scarlet … I don’t give a damn.

Just keep it up boyz.

Western idiots will figure out they have to buy sooner or later as well.

Better ‘jump in’ like you do with all your other crap before PMs are revalued higher.

Shortest SM crash in history.

Aladdin must have caught a whole bunch of folks on the short side. Maybe even in GLD and SLV

Two bits says this gets reversed

The dollar has completely turned, rates as well. 10 yr. @ 3.99% vs. 3.91 earlier. Oil up, SM well up.

Course, this takes some air out of pm’s. and why not? That’s the most important thing to them. Add to that the usual 9 am bullshit and you get metals well off their highs of the morning. So typical.

Doesn’t make sense, seems like something else is going on

Dollar and rates are down a little. Rates down 3 bips. Bitcoin up 4% and all the way back to Monday’s level. SM futures mixed but mostly flat. Oil flat.

So, maybe we’ll get to bounce a little today and try to catch up with Bitcoin. Good start this am for sure and picking up some steam. Gold now at $2412 up $28.  Silver up $.40 – unfortunately, silver has a long way to go to get back to Monday’s level. Gold, OTOH only has another $30 or so.

PM shares are firm but not anywhere near impressive, so who knows whether we’ll hold the gains, probably depends on whether the SM continues to tumble. Regardless, I’m surprised we’re bouncing at all. No news out there that I can see, and the eco data is nothing special.

What a surprise it would be if the metals turned up from here and ignored the SM. Hope stinks eternal. 🙂

Crossing the High bridge
https://railpictures.net/photo/846156/

Just like a carpenter uses different hammers for different tasks, use different PM products for different financial circumstances / social conditions.

For instance:

Junk Silver Coins for small purchases

Silver Eagles for trusted tradespeople and merchants

Gold coins if the SHTF and you need to get out of Dodge

Brokerages & Exchanges for large transactions

in a SnG melt up. The higher it goes the more people are desperate to get in. At $100 per ounce the dealer will be calling you (if he knows you’ve got it). That was the case at Easter a few years back when silver shot up, the bullion guys were calling wanting as many 400 oz bars as you could supply. And any other stuff too.

Maybe establish a relationship with a bullion dealer as well as the coin guy?

an interesting question and answer session on YouTube  with a well known coin dealer.

he can handle $20 ,   and $30,  and maybe $40  per ounce when people come in for cash !

maybe at $50 silver he calls his wholesaler if they can buy it from him….. then wholesaler ships it to a refiner.

but what happens at $100/ounce  or more ???—- the refiner says no more they have enough,  the wholesaler

closes his door and the coin dealer goes out of business !!!!!! and the customer–you and me– are stuck with

a pile of metal !!!!!   and yes it is good to have some for barter  but if you got 10,000 ounces——————-

BOTTM LINE :   COMEX IS CONTROLLING THE MRKET

Yes they will definitely try to steal as much gold (and silver? – never been confiscated) as possible.

I prefer silver right now due to confiscation risk – especially at 90 to 1.

Cheers

But after such experiences, when I found I was still “here”,  I knew I still had work to do….so I continue listening to my Higher Power and trying to do what’s right… ….and that is why I chose the name Silverngold…. because it is a good description of my entire life…..which, through hard work and several successful careers, has all been Silverngold. I have silver from $5.50 and gold from $350. I put $70,000 into the stock market and took out well over a $million….but with BlackRock and Aladdin now controlling the stock and Derivative markets, unless they want PM stocks to go up, they won’t….but they can’t control the actual value of physical silver or gold and what it will buy…. and with the old Ponzi banking system bankrupting, and the new one world digital/crypto system on the horizon… and the Mark of the Beast system about to surface…..the only thing that MAY have a chance to survive what’s coming, IMO, is an underground system backed by pure silver and gold.

Well, I hope so brother. That would make the whole evolution worthwhile. 🙂

Those are things that dreams are made of. I wonder if we would see machinations of that type of event in the pm markets prior to it happening. They are terrible at keeping things secret and no doubt they’d let their billionaire buddies in on it before it happened.

Oil had a strong day; I’m wondering if Iran’s about ready to rumble in the next day or two.

When they are forced to shore up their balance sheets, gold will be revalued to somewhere over $25k and silver to 3k.

Those are the numbers I am looking for … and it can happen overnight.

At some point, the politicos in charge at that time are going to say to themselves they have to do it or be on watch when it all goes down.

It’s always about real time political expediency and the people involved are generally morons so don’t think it can’t happen.

It can happen overnight.

You see them start to confiscate any accounts that are not nailed down it will be coming soon after that.

Get ready

Lurker – thanks for sharing the NDE website. Funny, I’m more worried about living than dying. 🙂

Captain – hope you’re right because I’m sure most of us have more silver than we do gold. 7 or 5 to 1 would be spectacular, I just have a hard time seeing $5K gold and $1K silver. I suppose maybe if the dollar was backed by silver again it’s possible.

You called it with the shares crashing with the SM. The shares are so ugly compared to the SM and the metals. Terrible. Problem for the shares is that the crash might just be getting started. Metals too, although gold held up relatively well today.

Still no volume in the shares, you’d think that for the size of the move everyone and his brother are selling them. Scum games.

I think it will go to the natural ratio at 7 and maybe even overshoot to below 5.

The days of Western bankers calling the shots are over.

Take that to the bank.

Cheers

if this is anywhere near what we experienced in 2001-02, we should be able to get 5-6 X out of gold. $10K minimum. That is just based on the country and world staying as it is currently.

Silver is anyone’s guess, it’s a poor man’s metal, so $120 might be possible but the ratio thing will never be 15-1 again or even 30-1 JMHO

Course, we may not even be a country a year from now, so it may not matter. We have all these plans. God just laughs.

10,000 accounts of near death experiences

(nderf,org )

the end will happen when silver goes to the moon—- whenever that happens

your quess is as good as mine,  but i had my stash for Y2K  and still happy, wealthy, and wise

that gold is actually hugging the flat line because they are murdering the pm shares right now. I like that gold is holding, but it’s hard to see gold continuing to hold the line with the shares and silver down. Silver has really acted like garbage.

What a depressing sector.

You may need two silver quarters for a pack of cigarettes though.

….and it will happen when gold tops at ~$3600 and silver tops at ~$120.

What I don’t know, or even want to know, is what the world will look like when that happens!

All the Best from Silverngold

DIA down .22%, QQQ down .26%, HUI down 2.85%, SLV down .1.1%,

GLD up .04% but fading fast, can’t have gold up in a down SM.

Funny how in down markets pm’s always outperform to the downside by a wide margin.