The CME (Chicago Mercantile Exchange) claimed they had a hardware failure last Friday and they SHUT DOWN the market. They claim hardware overheating in a system that has two back up systems that go on line automatically from what I can find out. Yet the system shut down on a day when there is low volume and little or no strain on the system and silver was making all time highs. UM!
So last week I asked why is Gold not 40K and Silver 2K in a world of digital illusion.
Last Friday silver topped $56.00 for the first time ever and suddenly the CME market had a hardware problem and closed the commodities market, how easily the BS flies.
This rise in actually physical silver shows the weakness in the paper silver market where you hedge your bet against the house. So when the house is starting to loose they shut down the market and think people are going to buy into that a hardware glitz closed the markets.
In the world of the CME you do not own any silver, you own a paper contract that can be paid off in fiat paper dollars when the CME says, Oh, we cannot supply the silver you thought you owned. Just like the LBMA in London.
Is it a con? Seems like it is to me.
So why is gold not 40K? Why is silver not $2k? BECAUSE the CME & the LBMA MARKETS are nothing but a paper shuffling fractional reserve system that uses leverage, upon leverage, upon leverage to make a buck on the fake paper contracts for silver.
Silver one of these precious metals that the world is using UP.
It is disappearing with mining supplies slipping downward below demand levels for the past five years.
Silver id used in nearly all electronic devices, weapons (rockets, missiles, jets, ), used in jewelry, coinage, and the supply is disappearing. Imagine though right now you can go and buy silver jewelry or silver coins yet in just a few short years that may not be true or if you can the price may be $100.00 or more and you will see people not even selling silver because as I heard Bill Hotler say first, "it will become unobtainable", nearly impossible to find and the cost could well be $2,000 a oz in just the next few years. Many would argue it will go back down in price. Yet, I do not see that happening unless some sort of major supply is found or a new method of extraction from electronics devices. Silver is thrown into the trash piles of the world in small amounts with each device discarded and lost unless some method is discovered that makes it profitable.
Thinking of silver going up to $2,000 per ounce seems a price that many could never believe.
Some figures put the use of cash in the market system at 14 percent, that means that 86% is already digital currency, cashless with credit cards, debit card, gift cards, Paypal, Googlepay, Venmo, etc. all digital. All tracked, recorded with no privacy.
Is cyrpto any different? Bitcoin is a public ledger, every transaction is know, same as a CC or Debit Card. No Cash, NO PRIVACY.
Catherine Austin Fitts suggested everyone keep cash out of the banks and use cash as much as possible. People cannot see the digital prison being built around them. If currency becomes programmable and accepted by the 86% of the people there lives will be controlled by the digital money they cannot hold in their hands.
Silver and gold are powerful weapons against a system of fake debt money and now digital MATRIX currency.
You cannot live by MATRIX MONEY ALONE, cash will be king for a little while and then when the world accepts CBDC or Tether or XRP or whatever digital illusion is accepted I image gold may well be $40k per ounce.
Will silver be available for purchase?
But the real question I ask myself what will the price of silver be?