Silver and impending recession

Does this end the fed?

picrel my first acquisition.

Am poorfag but will be working to acquire a few ounces a month moving forward

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Other urls found in this thread:

cmegroup.com/delivery_reports/Silver_stocks.xls
twitter.com/NSFWRedditVideo

Congrats. They're using silver to buy up shitcoins.

>They're using silver to buy up shitcoins

What does this mean.

Who are they what are shitcoins.

Every ounce helps. The comex had been fighting for months to keep their registered above 80 million and now it's headed toward 70 million

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I keep seeing this posted, and understand it faintly.

What is the COMEX exactly?

Do they just own/hoard all the silver or something?

I’m pretty financially ignorant

It seems like unfocused fud (attempt to provoke fear, uncertainty and doubt). Perhaps that poster wants you to think that owning precious metals is a scam, and hoping to conflate ownership of physical silver with shitcoins (worthless cryptocurrencies).

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>Economists gauge the health of fiat paper by the selling price of silver and gold
>if silver and gold are "cheap" it means people have faith in their fiat paper
>if silver and gold are getting more expensive, it means people are starting to cash in their paper for actual valuable things
>the Federal Reserve figured out this one neat trick to prop up the value of their own Federal Reserve Notes
>They get their cousins at the Comex (Commodities Exchange) to sell IOUs of silver back and forth to each other at a lower price than the market would otherwise reflect
>So much of the "silver" being traded is just these paper IOUs that it drags down the spot price of actual physical silver (the comex doesn't make a distinction between real silver and theoretical silver that only exists on paper)
>In order to keep the scam going, they have to keep presenting silver as cheap and plentiful
>this gives unruly goyim a chance to trade their rapidly-devaluing fiat paper for silver
>after the Federal Reserve Note is replaced with a new fiat currency, silver and gold will be revalued at a higher price, as they always are when a dying fiat currency is replaced with a fresh one
Now, as we can see from the Comex's daily admitted numbers seen here:
cmegroup.com/delivery_reports/Silver_stocks.xls

The Comex is losing silver faster than they can restock. Keep in mind that there is a big difference between "registered" and "eligible" silver. Registered silver is actual silver that really exists in the real world. "Eligible" silver is silver that exists on paper, but may or may not exist in the real world. Imagine if you and nine other people all shared possession of the same silver bar, but claimed that your group actually owned 10 silver bars because they all claim ownership of the same bar. That's about how the paper silver scam works.

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The comex is a group of megabanks. JPMorgan (Chase Bank) is the largest of these banks. JPMorgan (supposedly) has more silver than any other entity, but they've lost about half their supply since the silver squeeze began in January 2021.

Also, keep in mind that the Federal Reserve is a private corporation, and the name is just to trick people into trusting them.

Comex is a warehouse and trading hub for silver. They “set the price” because the jews got some laws saying they had to hold all the silver. They have to report how much they have, but they mix in “paper silver” and do other kikery to inflate their numbers to keep prices low.
Bottom line, a lot has left their vaults (lame ass warehouse) over the last two years.