If we went one step further and used the old way of calculating CPI - without all of the hedonic substitutions - we'd be up over $350 per ounce.
For courageous precious metals investors who have skipped denial, anger leads to battening down of the hatches. Bargaining is preparing for a temporary barter economy. Depression is the rebuilding...
The events of the past few months seem astounding when taken in all at once. It appears to be a plan to destroy the U.S. dollar and the American middle class.
Like giant spoiled children on a quest for power, control, and ownership for the sake of a reptilian urges deep within.
At the heart of all price discovery is the true darkness where few dare to gaze.
It is hard to believe that this tiny little under priced, battered and abused paper silver market is important enough for collusion by the big banks, as well as the government.
The agitation can come from many things. From ‘known knowns’, like subprime or student loan defaults - to the unimaginable or trivial, like some upper air disturbance...
The next generation will look back at the current period with utter astonishment. The archives will be riddled with debates and all manner of euphemisms for what led to the collapse...
...backed by an amorphous construct - one that it is powerful and hostile. It is mathematically impossible to repay both official and unofficial debt...
From domestic divisions to geopolitical tensions and hot spots boiling over - the confusion was palpable. There were too many places to look for blame. Too many contributing causes.
Whether imposed by authority or by accident, a true banking holiday would make the value of necessities skyrocket in price relative to the sudden supply shortage.
To measure a ‘return’ with anything other than ounces at this stage in the game is absurd.
It may have arisen from humanity - human systems - but finance has morphed so far beyond anything humane that it is unrecognizable. It is other-worldly
Some have pointed out that this marks the end of the “petro-dollar” - and a foreshadowing of the end of the dollar as the world’s reserve currency
The word “regulation” has become a euphemism for control and the infestation of concentrated power and wealth.