People Are about to Find Out

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Swrichmond
Swrichmond
1 month ago

400,000,000 ounces X $1.5 = chump change for the big banks. The Fed will get a summer intern to click that shit into existence.

Joe Blow
Joe Blow
1 month ago

How many times have you read this story, or one just like it?
How many times have the big banks been caught with their pants down and suffered an actual material loss?
They just roll the contracts. Every time.

MrLiberty
MrLiberty
1 month ago
Reply to  Joe Blow

Yes, a similar “short story” is told on a regular basis. My stockpile isn’t going anywhere soon.

Bigus Macus
Bigus Macus
1 month ago

I hope that those folks are sweating.

Steiner
Steiner
1 month ago

Instead of the actual silver, some people are going to get a check for the dollar value of the physical silver they want to withdraw.

Joe Blow
Joe Blow
1 month ago
Reply to  Steiner

That would be a chicken dinner right there… Same as it ever was, as it always will be.
If you’re going to bet, bet on the thing that’s happened before, not the outlier black-swan event that’s never actually come about despite oh so many times we were thiissssssss close…..

Jane Tzilvelis
Jane Tzilvelis
1 month ago

Wow Stock up on oatmeal and hash.

kal kal
kal kal
30 days ago
Reply to  Jane Tzilvelis

oatmeal is empty calories, stock wheat berries instead!

Pastor Guest
Pastor Guest
1 month ago

Silver and gold don’t exist until you hold it in your hand. If you can’t hold it in you hand, you might as well invest in Federal Reserve Notes.

kal kal
kal kal
30 days ago
Reply to  Pastor Guest

buy paper, get toilet paper.

Hedge
Hedge
1 month ago

I put mine into copper and brass, steel and wood.

DWEEZIL THE WEASEL
DWEEZIL THE WEASEL
1 month ago

No worries. The Golden Golem will just pull an FDR and make it against the law to hold silver specie in any form. The FEDGOV will force everyone to turn it in. Then, look for a dual currency as in China. Greenbacks for the International Banksters and War Criminals, “Bluebacks” for us serfs.

MrLiberty
MrLiberty
30 days ago

The big difference is that when gold was “outlawed,” most people were carrying around gold-backed dollars, so the change was not as big a deal to them. Also, they hadn’t seen the crimespree that would ensue from his actions. WE ALL KNOW exactly why any confiscation is happening now, and people have actively purchased gold and silver FOR PROTECTION (along with lots of lead/brass). Things will NOT go as smoothly as last time for sure.

kal kal
kal kal
30 days ago
Reply to  MrLiberty

confused maybe, all gold with exception of some form of jewelry were illegal for people to hold. Most people were carrying actual gold and silver coinage with silver certificates US notes.

Last edited 30 days ago by kal kal
MrLiberty
MrLiberty
30 days ago
Reply to  kal kal

There were plenty of gold-backs in circulation too. And I didn’t mean to imply that folks kept using them, but that because “paper” gold was already being used, the switch to non-gold paper didn’t register as much. And they never touched the silver part of the currency.

kal kal
kal kal
30 days ago

and then they’ll raise the price on it, just like commie roosenfeld did!

Don't mind me
Don't mind me
30 days ago

Remember-
We do not need the governments permission to use silver/gold/ammo/whatever as legal tender.
Start talking to others about this.

kal kal
kal kal
30 days ago

Buy paper get toilet paper!