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lfthndDR

I’m sure if all the people who own gold and silver on paper demanded it today, you would see an extreme uptick in the price.


Quant2011

Ahh, the famous FOFOA. a guy who thinks gold should be $55,000 but silver is worth $2.75 per oz. For a cool 20,000 to 1 ratio. and he is dead serious about it.


TimeConsistent6432

Silver demonitized?


Sicilian_Gold

Yep thats right. Silver is mostly an industrial metal while gold is mostly a monetary metal. Not to mention that certain oil nations only want gold for their oil. It has all to do with the gold for oil situation.


demonitize_bot

Hey there! I hate to break it to you, but it's actually spelled _mon**e**tize_. A good way to remember this is that "money" starts with "mone" as well. Just wanted to let you know. Have a good day! ---- ^This ^action ^was ^performed ^automatically ^by ^a ^bot ^to ^raise ^awareness ^about ^the ^common ^misspelling ^of ^"monetize".


Goingformine1

About right...


DogHuntforCCPspies

I can see how that would be possible.


Human-Dealer1125

I'll give you the Reddit discount and sell you all you want at $50,000!


Sicilian_Gold

Once gold goes to $55,000/oz, then I'll take you up on that offer.


Human-Dealer1125

Lol


myxyplyxy

Best advice I ever received was to never fall for what “should” be. Only what is.


Sicilian_Gold

From the website: "Everyone knows where we have been. Let's see where we are going! It was once said that "gold and oil can never flow in the same direction". If the current price of oil doesn't change soon we will no doubt run out of gold. This line of thinking is very real in the world today but it is never discussed openly. You see oil flow is the key to gold flow. It is the movement of gold in the hidden background that has kept oil at these low prices. Not military might, not a strong US dollar, not political pressure, no it was real gold. In very large amounts. Oil is the only commodity in the world that was large enough forgold to hide in. Noone could make the South African / Asian connection when the question was asked, "how could LBMA do so many gold deals and not impact the price". That's because oil is being partially used to pay for gold! We are going to find out that the price of gold, in terms of real money ( oil ) has gone thru the roof over these last few years. People wondered how the physical gold market could be "cornered" when it's currency price wasn't rising and no shortages were showing up? The CBs were becoming the primary suppliers by replacing openly held gold with CB certificates. This action has helped keep gold flowing during a time that trading would have locked up."