Quote from: Torque on December 11, 2016, 03:24:45 PM

because the gold derivative price is fixed by colluding bank cartels and the underlying physical gold isn't there any longer anyway. The whole PMs market is one giant, global Ponzi scam.

The death of the dollar is set in stone now with what's happening in the bond markets. No foreign countries want worthless US debt paper at all anymore. They're not only not buying it, they're also dumping the ones they already have. When the debt market has no buyers, the interest rates skyrocket, then the price to service the debt exceeds what can be paid and the debt is defaulted on. Or they can just print and buy their own bonds, monetizing the debt and end in hyperinflation.

Regardless of how it plays out, the end is drawing near for the dollar and metals are going to the moon soon. There might be a deflationary crash as all the debts are defaulted on that takes the price of everything down, but there's no way I'm sitting on the sidelines with worthless fiat waiting to buy that when there will be bank holidays and capital controls when it happens preventing you from doing anything.

There may also be a surprise new Bretton Woods that comes out of nowhere where they just revalue gold at $10,000 - $20,000 overnight. Having 0 metals or sitting on the sideline waiting for a deflationary crash to buy isn't a very good idea. I use metals as a savings account (specifically silver) and Bitcoin as a checking account because there is no way possible Bitcoin is lower on Exter's inverse pyramid than gold and silver are:

It is also pointless to buy gold over silver right now:

Quote from: r0ach on December 09, 2016, 10:10:03 PM

If every millionaire hedged 1% of their wealth into Bitcoin, the price would be around $8000 per coin fully liquid, fully capitalized. But markets aren't fully liquid, so the price per coin would be something like 10x that at maybe $80,000 per coin. So a +100x from current price.

Now, looking at metals instead, if they do a new Bretton Woods, they would take gold to at least $20,000 at the 40% historical backing rate. The GSR (gold to silver ratio) would spike somewhere between 15:1 to 30:1 off that, putting silver anywhere from $666-$1333. That is a +39 to +78x. As you can see, the upside on silver for wealth transferrence is basically the same as Bitcoin while otherwise having far less risk attributes.

Quote from: r0ach on December 10, 2016, 01:22:16 PM

Gold and silver move at something like 0.85 correlation and it's much easier to move the silver market than gold. Whatever happens to gold, silver is coming along for the ride. You've seen how easy it is to move the Bitcoin market and the silver market cap is barely even larger than BTC.

People who are familiar with metals also tend to completely ignore gold and buy only silver when the GSR is over 50:1, then dump silver for gold when the GSR is 30:1 or lower. If the price of gold spiked to some insane number and the silver price had not caught up, everyone and their mom will immediately dump gold to buy the undervalued silver. There is no viable situation in the universe where the price of gold skyrockets and silver doesn't.

For actual market analysts and traders, the GSR charts have a hard triple top right under a hard double top, indicating there is nowhere for the value of silver to go except up in relation to gold and that it will likely return to 30:1 or lower in the near future:

After it breaks into the 20's:1 area, that's when people will start dumping silver for gold and it reverses to start the cycle all over again.

If we have a deflationary crash rather than hyperinflation, the DOW floor is around 6000. The historical DOW to gold ratio seems to trend to around 3-5:1, so even in a deflationary crash the value of gold can still go to $2000, which would probably take silver to a 30:1 GSR of $66.

TLDR: There is no point whatsoever in buying gold over silver right now.

TLDR2: Trust nobody, especially some greaseball with a pinky ring named Martin Armstrong