Silver: "Triple Digit" Silver?
Are we looking at $1000.00 here?
There are some amazing rumors floating out there concerning silver. The rumors are not baseless - there are some things happening in the silver world that are un-precidented. The silver experts that I trust are telling me "triple digits, mid-triple digits". What? $500/ozt?
My estimation is that the real-world value is somewhere between $600 - $1200/oz right now. So why can't we sell at this price in the real-world? Because the silver market is not really real. The charade can only last so long. The facade is failing, the fake is showing and the banks are catching on.
Silver just set a new high, exceeding $40/ozt. Central Banks appear to be REMONITIZING silver by adding it to their vaults. Silver (and Platinum) has been added (for the first time) to the 20025 US Draft List of CRITICAL MINERALS. Woah!
All of the silver that has ever been mined is valued about the same as Amazon. The market is artificially kept tiny, but is about to explode.
The 50 year chart has been building a GIANT "cup and handle", developing for DECADES.
Are we really looking at "triple digit" silver? Only time will tell.
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You are so correct my friend, the silver market has been manipulated for a long time….
The charade won’t last forever, stack on!👍😊
Get while the gettting is good. !BBH
Absolutely, my friendstack on!🤗👍😊
I definitely felt some change in the silver market. Digging into the internet my sources cited one cause was that the Saudi Bank have bought huge into a physical silver ETF. Adding that to the spot price exceeding the NYMEX futures price. The ongoing silver supply deficit now in 6 years running, I'm starting to think 3 figures may be sooner than we dared to think.
!PIZZA
The Saudi Bank has a big vault that they're ready to fill with physical metals.... what happens when they collect, I wonder. !BBH
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In phase one of the Reset, One Ounce of Silver will get you $9 in Silver Coinage, $9 in Silver Certificates or $9 in Common U.S. Coinage…
Once silver goes to 500 fiat, worth $9 after the reset, the new currency would be 55x! "Nickel" and "dime" stores could make a comeback! !BBH
You sure make it sound confusing… To figure out tomorrows prices, just divide todays prices by 100… The Reset will be very easy for everyone to understand…
I think Silver over $100 is possible, and in fact has already happened in 1981 if we correct for inflation.
One dollar in '81 is worth $3.55 today.
Source: https://www.usinflationcalculator.com/
Silver hit bout $50 an ounce in '81 which would be around 3 times higher adjusting for inflation, or over $150.
This is one reason why I can see Silver over $100 an ounce.
!PEPE !BBH !UNI !LADY
Wow, that's incredible. I suppose that explains 1981 pint of Chicken Chop Suey for $2.40.
!BBH
Silver, like many significant markets, has been manipulated for a long time, and as with most things now, the curtain is falling. Keep stacking! I sadly don't have any silver or gold yet, but I have no doubt that both will rise in fiat value notably. 😁🙏💚✨🤙
!ALIVE
!BBH
I wonder what your plans are about starting to stack on silver and gold (where one of @gratefuleveryday's methods is simply to inspect his change for precious metals). 🤓
!ALIVE
Super rare finding silver in change, especially as silver coins have been flying away from the islands for years. !BBH
You getting silver coins according to your original post must have been great luck !INDEED. 😎 Your clause "silver coins have been flying away" is an interesting figurative speech. 😆😅 !WEIRD !HOPE !PIZZA
!HOPE that we can do something to reduce the number of silver coins that
are flying away!INDEED! 🤗🤯😅 !WEIRDI don't have any particular plan at the moment, since both are major investments. 😁🙏💚✨🤙
!ALIVE
Perhaps just store a piece of silver coin (or gold coin if possible) so that you technically started stacking. 😆😅
!PIZZA
!LOLZ
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That's great, but I don't have any of those presently, and there's nowhere here that I could think to get them. 😁🙏💚✨🤙
!LOLZ
!PIZZA
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I wonder if it's practically possible for you to purchase one online at reasonable prices and have it delivered to your local jungle community !INDEED. 🤯🤓
!WEIRD
!ALIVE
!WINEX
Yes, that could work in terms of logistics. So far all investments have gone into Hive, and I have several more to do, so 'spare' money for it is a bit challenging. 😁🙏💚✨🤙
!ALIVE
!INDEED
!WINE
!WEIRD
Let's hope that you aren't "putting all eggs in one basket" (the "eggs" there referring to all your online crypto earnings). 🤗
!PIZZA !ALIVE !HUG !STRIDE
Well, I've worked with what I've had available, and that I've found useful. I don't own a lot of physical things any more. I did just realize, however, that I could acquire gold and silver on Qortal. 😁🙏💚✨🤙
!ALIVE
!HUG
!PIZZA
!STRIDE
I wonder how you can truly own !INDEED those "gold and silver" that you can acquire on the #Qortal platform. 🤯 Perhaps have them delivered to your local jungle community! ✈️😅
!WEIRD
!ALIVE
!HUG
Because they're directly connected to Qortal stores, that accept QORT and other crypto, and that sell and ship various types of gold and silver to people worldwide. 😁🙏💚✨🤙
!ALIVE
!HUG
!INDEED
!WEIRD
I imagine that someone needs to have a lot of accumulated QORT tokens just to buy silver (and more with gold) !INDEED! 💸🤯 Perhaps most of the sales would be done using other cryptocurrencies. 🤓
!WINEX
!ALIVE
!PIZZA
I imagine so. I haven't looked at the stores yet, but I've seen people talking about them. I know one sells goldbacks, which is kind of cool. Well, I don't know about most, but multiple other crypto assets can be used in Qortal. 😁🙏💚✨🤙
!ALIVE
!INDEED
!PIZZA
!WINE
With "goldbacks", are you referring to gold that looks like paper like what @gratefuleveryday published? 🤯 That looks like a good way to somehow represent QORT tokens in the form of USD. 🤓
People could easily assume that Bitcoin (at least in the form of Lightning) is supported as one of the "other crypto assets" on #Qortal. 😅
!HOPE !INDEED !WEIRD !ALIVE !WINEX
Yep, that's correct, and they're quite beautiful. I know a few people that are collecting them.
BTC is an asset that has a wallet on Qortal, so yep, it can be used, though there is no lightning network involved, which is why people on Qortal don't generally use BTC for payments. LTC is much more heavily used. 😁🙏💚✨🤙
!ALIVE
!BBH
!HOPE
!INDEED
!WEIRD
Since #Qortal has a wallet support for BTC, then that should mean there will be no need for the Lightning Network within the Qortal platform because sending between BTC wallets internally on Qortal will have minimum to zero fees. 🤯😅
!INDEED !WEIRD !HOPE !PIZZA !UNICOIN
I don't think that's true, since even though there is BTC support, it's hardly ever used, because BTC fees are way too high. LTC is far preferred. 😁🙏💚✨🤙
!HOPE
!INDEED
!PIZZA
!UNICOIN
!WEIRD
Do you mean that the #Qortal network does not wrap BTC on its network, and !INSTEAD Qortal users send BTC to one another directly on the Bitcoin blockchain itself? 🤯😅
!WEIRD
!HOPE
!INDEED
Correct, there is no wrapping (yet) on Qortal. Qortal just has BTC wallets integrated. 😁🙏💚✨🤙
!HOPE
!INDEED
!WEIRD
It really looks like I need to try out #Qortal so that I could understand more what you mean !INDEED. 🤯😅
!LOLZ
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That sounds like a great idea, go for it. 😁🙏💚✨🤙
!ALIVE
!INDEED
When the time comes I would start trying to host a #Qortal node, it would not be on a rented VPS because it would both cost a lot and would also come with less security !INDEED. 🧘♂️😅
!HOPE !WEIRD !PIZZA !ALIVE
That's good, and I would never recommend running Qortal on a rented VPS. 😁🙏💚✨🤙
!ALIVE
!HOPE
!INDEED
!PIZZA
!WEIRD
In general, any "sovereignty-driven node" (such as a Hive Witness or #HiveEngine Witness node) that requires security should not be hosted on any rented server !INDEED. 🧘♂️🤓
!WINEX !ALIVE !HOPE !PIZZA
I agree. I would never run a node of any kind if it were not on my own hardware that I control. 😁🙏💚✨🤙
!ALIVE
!BBH
!HOPE
!INDEED
!PIZZA
I would assume that it is also the case even if the server you are going to host the node is free of charge, and even if you are not required to put your private keys there. 🧘♂️🤓
!WEIRD
!ALIVE
!HUG
Correct, it is necessary for it to be on my own hardware. 😁🙏💚✨🤙
!ALIVE
!HUG
!WEIRD
I think that you require not only your own hardware, but also being able to keep it (physically and digitally) secure as close to 24/7 as possible !INDEED. 🤯🤓
!WEIRD !PIZZA !HOPE !ALIVE
Indeed, very true, and that's a given. 😁🙏💚✨🤙
!ALIVE
!HOPE
!INDEED
!PIZZA
!WEIRD
You might be able to train some cats and dogs in your local jungle community to help further safeguard (physically) your computer hardware! 🐱🐶😆😎
!WEIRD !PIZZA !ALIVE !STRIDE !HUG
That might indeed be useful, but we are so far out in the jungle, that people who aren't intentionally coming to see us very rarely appear here, and they're usually lost when they do. 😁🙏💚✨🤙
!ALIVE
!HUG
!PIZZA
!STRIDE
!WEIRD
Your comment implies that whenever someone approaches your local jungle community, they are more often lost than having planned to visit your place. 🤯😅
!WEIRD !INDEED !HOPE !PIZZA !WINEX
If we know them, they're coming to see us. If we don't know them, they're usually lost. 😁🙏💚✨🤙
!HOPE
!INDEED
!PIZZA
!WINE
!WEIRD
There's the practically zero chance that @borniet or @pepetoken gets lost in the Hawaii jungles and accidentally sees your local jungle community (and you in particular)! 🤯🤣
!WEIRD
!LOLZ
If there is any silver on the island, exchange some paper for it before it becomes unaffordium! !BBH
That would be a good idea. I'm sure that there is, though I'm not exactly sure of where to look. 😁🙏💚✨🤙
!ALIVE
!BBH
I tried to find out how you got those silver coins (and where you took those pictures), but found none on your post. 🤯😅 They look fairly clean and shiny !INDEED! 😎 !WEIRD !HOPE !ALIVE
I've had these silver buffalo rounds for years. I bought back when silver was under $20. !BBH
Some people nowadays might say that they bought back when silver was under $200. 💸😆😅 !WEIRD !INDEED !HOPE !PIZZA
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It will eventually happen, especially as the dollar weakens more and more. Precious metals will always be worth much more than fiat!
!BBH
!PIZZA
It's difficult to imagine, but we may see FOUR-digit silver in our lifetimes. !BBH
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