But Govts are elected and dont report to their central bank. thats how the EUR got into the shit. Nobody was supposed to run higher than a 3% deficit budget but then some govt fuckers ran upwards of 10% which is why the currency itself it under pressure. they have learned from all the things the GFC brought on. Nobody follows the rules and because its a currency they cant really kick you out once you are in (ie PIIGS countries v Germany).
re your silver arguments its the same things i hards 6-7yrs ago. It hasnt done anything since that crash which is because the banks cheated and solved the scarcity issue.
I agree silver doesnt look bubbled but i dont think they really fuck with it much anymore unlike 2011. Production requirements can be met for physical orders no problem, we know this from the crash in 2011, that's why the price remained low since then as its mostly industry demand rather than speculative.
I held physical in 2011 but id go paper contract all day every day. Physical is good to be off radar though.
It's not an argument, it's basic cyclic/contrary investing with a few fundamentals thrown in. The last few years of stock market gains and recent crypto parabola has caused people to dump gold and silver... that's a great thing for a contrary investor. There are precious metal devotees out there that have sold everything and put it into blipcoins. This is one of my main indicators that blipcoins have topped and are played out.
As I type this blips are near the $10,000 mark again. I don't see people rushing in to buy it like the last time it dipped to $10,000. That is another tell-tale sign.
Regarding world banks and government, you can believe what you want. I could write pages about how banks have pumped trillions into all stock markets around the world, but nobody cares about that, only if they are personally making money or not. Most people here cannot comprehend how much a trillion dollars is, let alone a quadrillion dollars (which is the sum total of the derivatives market). The whole thing will implode eventually. You better have something real when it happens. Digital blips in some bank account or crypto wallet/exchange will be useless and will not help you.
The "get rich quick" crypto play is basically over. You want to gamble with some of these penny cryptos, good luck.
