You may want to get yourself some silver, or gold.

Silver closed at $31.67. Silver and gold are methodically rising.

From SCREENWRITER: Rep. Thomas Massie Introduces ‘End The Fed’ Act
May 17th 2024, 8:45 am
Congressman calls for an end to the globalist banking cartel which is running the U.S. financial system into the ground.
Congressman Thomas Massie introduced the Federal Reserve Board Abolition Act H.R. 8421 Thursday which aims to abolish the private Federal Reserve Bank that has printed U.S. dollars since 1913.

“Americans are suffering under crippling inflation, and the Federal Reserve is to blame,” Rep. Massie said in his press release Thursday. “During COVID, the Federal Reserve created trillions of dollars out of thin air and loaned it to the Treasury Department to enable unprecedented deficit spending. By monetizing the debt, the Federal Reserve devalued the dollar and enabled free money policies that caused the high inflation we see today.”
“Effective at the end of the 1-year period beginning on the date of the enactment of this Act, the Board of Governors of the Federal Reserve System and each Federal reserve bank are hereby abolished,” the act said on the first page.
Rep. Massie went on to describe how the Fed transfers wealth from the people to the corporate elite, and why his act will address this.
netizing debt is a closely coordinated effort between the White House, Federal Reserve, Treasury Department, Congress, Big Banks, and Wall Street,” Rep. Massie said in his press release Thursday. “Through this process, retirees see their savings evaporate due to the actions of a central bank pursuing inflationary policies that benefit the wealthy and connected. If we really want to reduce inflation, the most effective policy is to end the Federal Reserve.”
Former Congressman Ron Paul had introduced The Federal Reserve Board Abolition Act in 1999, the last time it was introduced was 2013.
As no fan of the Fed, Rep. Massie also introduced H.R. 24, the Federal Reserve Transparency Act of 2023, an act that Rep. Massie also introduced in 2015, which was aimed at auditing the central bank.
So far, acts that have aimed at curtailing the Federal Reserve’s powers have fell on deaf ears.

gold just hit an all time high at 2448.00

silver flying high at over $32.20

gold just hit an all time high at 2448.00

silver flying high at over $32.20 Originally Posted by chizzy

We’ll see if the crooks slam Silver this week. If not, $30 will be the new floor. On to $50.

We’ll see if the crooks slam Silver this week. If not, $30 will be the new floor. On to $50. Originally Posted by bambino

When it comes to liquidity- where do you precious metals guys do your trades? I would be inclined to think that like all commodities, buy low and sell high is a strategy and so it buy and hold. But I'm not sure that the liquidity is there for wholesale interactions for the common Joe who thinks he's gonna buy a couple gold sheckles.

When it comes to liquidity- where do you precious metals guys do your trades? I would be inclined to think that like all commodities, buy low and sell high is a strategy and so it buy and hold. But I'm not sure that the liquidity is there for wholesale interactions for the common Joe who thinks he's gonna buy a couple gold sheckles. Originally Posted by eyecu2

Not sure what you’re talking about. I pay cash for bullion at Treasure Hunt which is local. They buy metals too. You can buy pre 1965 dimes (90% silver) for around $2ea. You can by grams of gold. If I by larger amounts, I do it online. Miles Franklin, SDBullion, SM Bullion or AMPEX. They’re less expensive per ounce than a local dealer. They ship to your house. I’ve been stacking for over 10yrs. I haven’t sold anything yet. Not interested in doing so now.

Silver closed above $32 today. It keeps chugging along.

https://m.youtube.com/watch?v=xDWkeHRUHoc

https://x.com/elonmusk/status/181545...0AMolspcYxY9QA

Elon knows

The US is going bankrupt

https://x.com/elonmusk/status/181681...0AMolspcYxY9QA

Dollar to Silver Ratio Explained:

The dollar to silver ratio is calculated by dividing the total M2 money supply by the total amount of above-ground silver. This gives a hypothetical price of silver per ounce if silver were to back all the money in circulation.

However, the real-time price of silver isn't accurately reflected due to the derivative market, particularly futures contracts, which involve significant paper trading that can suppress the price of physical silver. Currently, there are over 400 paper contracts for each ounce of physical silver. This happens because the volume of paper silver traded often vastly exceeds the actual physical silver available, allowing for speculative and manipulative activities to influence prices.

If a large number of investors start buying physical silver, it could reveal the gap between the paper market and the actual supply. This surge in demand for physical silver could push prices up significantly, potentially overwhelming the suppressive effects of the derivative market.

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