Gold and silver were down pretty big today (few percent) because the federal reserve just announced inflation numbers and interest rate numbers. I think market had a rate cut priced in and Powell held rates steady.
Also the DXY is high since the Iran war. So i think a strong dollar (because people need fiat petro dollars to buy oil) is also contributing factor to slacking gold and silver prices.
Gold and silver rallied a bit too much in january so it is in another one of those consolidation patterns that can last six months. Something similar happened last summer. Gold and silver moved sideways all summer then began rallying like crazy in September and october. Gold is easier slope up and to right, silver is more choppy.
Gold and silver are not perfect safe havens. I think i read somewhere that there's over 500 silver ounces in PAPER CONTRACTS for every 1 real physical silver ounce. Something like that. Meaning there's lots of jew contracts for gold and silver ounces that don't exist, or that are traded multiple times. This is why OG's tell you to just get the real physical gold and silver, don't buy the ETF's or phantom silver.
16 hours ago1 point(+0/-0/+1Score on mirror)1 child
I keep a calculation called "lifetime earnings". Basically, I added my income from every single tax return since I was a teenager and came up with a number, which is my total earnings over my lifetime so far.
I compare it to a number, which is my net worth, which consists primarily of my stock portfolio.
Currently, my net worth is greater than my lifetime earnings numbers, which means that no jew, no government has taken anything from me, and in fact, I am ahead.
You seem proud that jws are stealing your money using sales tax, usury and inflation.
Jws also stole the shareholder voting rights to your investments, meaning they control every company in your portfolio.
And don't forget to dance the horah in joy while singing, "I'm a winner" in April when you're filling your tank at $9 per gallon for Benjamin Netanyahu.
Remember that unless your "investments" are physical capital that you have in your own possession (e.g. a workshop full of equipment), you're just lending your money to someone else and have a paper promise that they'll pay you back when asked.
When the chips are down the real institutional owners get their first. If you cash out beforehand, good for you, but unless that's turned into real assets it doesn't mean much.
Also the DXY is high since the Iran war. So i think a strong dollar (because people need fiat petro dollars to buy oil) is also contributing factor to slacking gold and silver prices.
Gold and silver rallied a bit too much in january so it is in another one of those consolidation patterns that can last six months. Something similar happened last summer. Gold and silver moved sideways all summer then began rallying like crazy in September and october. Gold is easier slope up and to right, silver is more choppy.
Gold and silver are not perfect safe havens. I think i read somewhere that there's over 500 silver ounces in PAPER CONTRACTS for every 1 real physical silver ounce. Something like that. Meaning there's lots of jew contracts for gold and silver ounces that don't exist, or that are traded multiple times. This is why OG's tell you to just get the real physical gold and silver, don't buy the ETF's or phantom silver.