So what's up with all the silver shilling?

submitted by send_nasty_stuffNational Socialist from self.debatealtright

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[–]TheJamesRocket 2 insightful - 1 fun2 insightful - 0 fun3 insightful - 1 fun -  (1 child)

What I don't get is how silver bugs are under the impression that the fed just artificially keeps silver and gold low.

The ongoing currency creation by the Federal Reserve has the effect of debasing the U.S. dollar, sapping it of its purchasing power. They manipulate the silver markets in order to hide the true value of precious metals, and prevent them from being expressed in diluted paper currency. This has been ongoing ever since the U.S. went off the Gold Standard in 1973.

If you want a real shock, click on this link and find out the true price of silver and gold as expressed in U.S. dollars. That will show you just how debased paper currency is by today.

[–]send_nasty_stuffNational Socialist[S] 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (0 children)

Ok. Let's assume that's all true. Wouldn't it be easy to just create a social movement where private citizens stack shit tons of gold and silver? Wouldn't that eventually put a bunch of pressure on exchanges/banks to start delivering physical metals (that they might not have?) Seems like everyone that's putting gold in their portfolio are doing it contractually and not physically. If they are really suppressing the market by flooding it with precious metal why can't we just call their bluff and keep buying? The price certainly won't go down if we ever have to sell.