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I simply cannot say this enough, if you're not preparing for this financial destruction  you will be sorry.       

I wish to expound on this subject because of the events that have happened this week.    It's one thing to listen to podcasters and their speculations of where things are going. One can lear

WOULD YA TAKE A LOOK AT THIS        28.13Bid 28.23Ask High: 28.25Low: 27.43 +0.70+2.53%  

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KEY POINTS
  • It’s often overlooked in favor of its lustrous cousin gold, but the price of silver has jumped over 70% in the last year
  • Leading commodity strategists saying the rally is likely to continue as the global economy reopens.
  • Silver was trading around $27 an ounce on Wednesday, a 74% rise from a year ago when the spot price was around $15.5 per ounce. Gold prices have risen 6.4% in a year.

In this article

 

Bars of 100-ounce silver are stacked inside The Safe House, a vault operated by Silver Bullion Pte, in Singapore.

Bars of 100-ounce silver are stacked inside The Safe House, a vault operated by Silver Bullion Pte, in Singapore.
Nicky Loh | Bloomberg | Getty Images

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Its high electrical conductivity and durability gives it industrial and technological applications, with almost every computer, mobile phone, automobile and appliance containing silver, according to the Silver Institute. The association’s data show there has been more demand than supply of the semi-precious metal so far in 2021.

But Ole Hanson, head of Commodity Strategy at Saxo Bank, told CNBC that although around 50% of the demand for silver was industrial, the rest came from investors. Still, its uses in industry was one of the main reasons driving its recent rise in value, he said.

“Industrial demand is probably the main reason why we’ve seen silver outperform gold, as it has over the last year ... part of that (rise) is definitely coming from industrial metals which have really been on a tear. If you look at copper prices, they’ve more than doubled since hitting a low-point last year,” he added.

Additional factors have also played into silver’s rise, Hanson said, such as the shift towards green technologies which have spurred a rise in demand for industrial metals such as silver which are used in solar panel production, for instance.

 
Made with Flourish

Watching gold

The massive amount of central bank and government stimulus over the last year has also fueled concerns around inflation, with precious metals like gold seen as a hedge against rising prices and a decrease in the value of the dollar. On Wednesday, official U.S. data surprised markets with a bigger-than-expected 4.2% rise in consumer prices in April compared a year ago.

“If gold rallies then silver tends to rally, but even stronger,” Hanson noted. “So most silver investors are probably keeping a close eye on gold prices, the level of the dollar and the level of interest rates.”

While inflation might be seen as good for these precious metals, market watchers will also be keeping an eye on any tightening of monetary policy which aims to keep price rises under control.

Silver prices remain well-below a record high in 2011 when the metal almost reached the $50 per ounce mark. However Hanson said that, long-term, the demand for silver shows no signs of waning.

“If we are serious about the green transformation then that will continue to attract demand for silver,” he noted. In the meantime, the supply of silver — usually extracted during the process of mining other metals — is likely to remain restrained.

“If it catches some decent tailwinds then it can actually run higher and faster than potentially other metals would do.” Hanson added.

Extreme bullish scenario ‘off the table’ for now

Silver also stands to gain from the reopening of the global economy following the coronavirus pandemic given a ramp up in industrial production as well as maintained investment demand, according to Max Layton, managing director of Commodities Research at Citi Global Markets.

He told CNBC on Tuesday that silver had benefited from investment demand during the pandemic, and was likely to continue to do so.

“The pandemic resulted in a major decrease in U.S. real interest rates, and a shift in allocations out of wealth and household savings into gold and silver. This more than offset the weakness in industrial consumption, and continues to do so,” he said.

However, he noted that a third wave of Covid-19, largely caused by variants, could continue to dampen industrial demand and “has taken the extreme bullish silver scenario off the table for now.” Nonetheless, Layton said there was scope for silver’s rally to continue.

“An end to de-stocking in China and India would see the silver market really pick up steam,” he said.

“The rally can last as long as the world remains concerned about the impact of Covid-19 mutating and concerned about the impact of Covid on the services industry. Both of these concerns can drive policymakers to keep real rates at low levels and can sustain investment demand at high levels".

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I simply cannot believe the odiousness of these people. There utter and complete disgust for the average person is something to be amazed by. These people are just plane evil, and that is why I'm advocating for the complete destruction of their immoral and illegal banking system. 

 

 

 

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YES, they are that stupid

 

 

 

White House Says It Was Surprised by Inflation Jump

New Series 2001 one dollar bill notes pass through a printing press November 21, 2001 at the Bureau of Engraving and Printing in Washington, DC. The new dollar bills contain the signatures of U.S. Treasury Secretary Paul O''Neill and U.S. Treasurer Rosario Marin. (Photo by Alex Wong/Getty Images)

Alex Wong/Getty Images

CHARLIE SPIERING

1,879

1:29

The White House admitted Friday they were surprised by the rise in consumer prices in March, the largest jump since 2008.

“So we hadn’t forecasted that. The forecasters hadn’t expected that,” White House Chair of the Council of Economic Advisers Cecilia Rouse said,

adding the Federal Reserve was also “a bit surprised by the jump.”

Rouse spoke to reporters at the White House press briefing Friday, offering some analysis of the recent bad economic numbers for the economy.

She argued part of the jump in consumer prices was a result of a month-to-month spike in used car sales.:confused::huh::unsure: Used car prices jumped by 10 percent in April compared with March and up 21 percent from a year ago.

“We know that because of the American Rescue Plan, people were buying cars because many people were afraid of taking public transit, which is not good either,” :wacko:Rouse said.

She also cited a 10 percent price increase in airline tickets, as more people were looking at traveling in the Summer.

Rouse told reporters to expect “some choppiness” in the economic numbers as the country continued to recover from the coronavirus pandemic.

“We’ve never had a recession that was not tied to a problem in the economy but that was tied to a health problem,” she said. “And so there’s even uncertainty about the recovery because our recovery is hitched to the virus.”

 

 

"Some choppiness" :huh: the understatement of a lifetime. 

"Uncertainty", These people are so out of touch with reality that the only Uncertainty is what STUPID thing they'll do next. 

WE WILL ALL SUFFER. 

BUY SILVER, GOLD AND FOOD NOW. 

 

 

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As I was just reading the above article to my wife, I couldn't help but realize something. 

These people supposedly running the show right now are UTTERLY CLUELESS. 

Even the last sentence in her comments, I'm like, " What the hell did she just say". Literally made no sense. 

It's news like this that has made me pour every dime I can into Silver and Food storage. :eat:So much so that I think I need a bigger house to keep  it all. :lol:

I can never say this enough people, I know that it's hard to imagine a world so radically different than the one that you've always lived in. But make no mistake about this people that is what is coming. And not just to America but to the whole world. EVERY SINGLE CENTRAL BANK on earth has been printing money like there's no tomorrow. As in they don't understand what will happen because of their actions. The article above is the proof that you need to know they don't understand anything whatsoever about macro economics. 

 

What the heck does buying a car have to do with the price of lumber or the price of food?

Or the price of anything other than the materials used to make the car. Except, she said it was, "Used car sales", that went up. And used car sales wouldn't affect the price of anything.

So why do you think that happened? I live in a Catholic community and so the average family here is around 8 members. A neighbor of mine just bought a brand new $65,000 dollar van. He could do so because he recently received a check from the government for $11,200 dollars. What did the morons running our country think would happen? 

 

And mark my words as inflation begins to rear it's ugly head those, "morons", will only print more money. They are going to print money until they have destroyed it all

 

 

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1 hour ago, ladyGrace'sDaddy said:

YES, they are that stupid

 

 

 

White House Says It Was Surprised by Inflation Jump

2,921

New Series 2001 one dollar bill notes pass through a printing press November 21, 2001 at the Bureau of Engraving and Printing in Washington, DC. The new dollar bills contain the signatures of U.S. Treasury Secretary Paul O''Neill and U.S. Treasurer Rosario Marin. (Photo by Alex Wong/Getty Images)

Alex Wong/Getty Images

CHARLIE SPIERING

14 May 20211,879

1:29

The White House admitted Friday they were surprised by the rise in consumer prices in March, the largest jump since 2008.

“So we hadn’t forecasted that. The forecasters hadn’t expected that,” White House Chair of the Council of Economic Advisers Cecilia Rouse said,

adding the Federal Reserve was also “a bit surprised by the jump.”

Rouse spoke to reporters at the White House press briefing Friday, offering some analysis of the recent bad economic numbers for the economy.

She argued part of the jump in consumer prices was a result of a month-to-month spike in used car sales.:confused::huh::unsure: Used car prices jumped by 10 percent in April compared with March and up 21 percent from a year ago.

“We know that because of the American Rescue Plan, people were buying cars because many people were afraid of taking public transit, which is not good either,” :wacko:Rouse said.

She also cited a 10 percent price increase in airline tickets, as more people were looking at traveling in the Summer.

Rouse told reporters to expect “some choppiness” in the economic numbers as the country continued to recover from the coronavirus pandemic.

“We’ve never had a recession that was not tied to a problem in the economy but that was tied to a health problem,” she said. “And so there’s even uncertainty about the recovery because our recovery is hitched to the virus.”

 

 

"Some choppiness" :huh: the understatement of a lifetime. 

"Uncertainty", These people are so out of touch with reality that the only Uncertainty is what STUPID thing they'll do next. 

WE WILL ALL SUFFER. 

BUY SILVER, GOLD AND FOOD NOW. 

 

 

Same old pattern.

Lie, deny, deflect.

Lie, deny, deflect.

Lie, deny, deflect.

Lie, deny, deflect.

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