BREAKING: Turkey Buys All Remaining Wholesale Silver For The Year
Originally appears on Encouraging Angels – NCS
BREAKING:
Turkey buys all remaining wholesale silver supply at a massive premium. This forces refiners to push orders out into next near. This is not yet reflected in the silver price. Pullbacks in the silver market will be short lived and shallow from this point on according to Andrew Maguire.
This story was broken by Andrew Maguire in Episode 50 of ‘Live From The Vault-To see and hear for yourself please go to the 24 minute mark of the video:
This is not financial advice-consult your financial advisor. All assets whether tangible or intangible entail risk.
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Stan Szymanski (or Encouraging Angels) is not a medical doctor. This is not medical advice. In all matters pertaining to the health and care of a human being consult a medical doctor. This is not legal, financial or personal advice. Consult appropriate professionals in those fields for that type of advice.
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I have been exchanging script notes for pre-65 coins on a weekly basis for some time now I think the parallel economy in rural areas will end up running on the old dimes and quarters once the script notes are worthless. Even if the price of silver stays exactly where it is, holding the physical coins and being able to identify them and establish an agreed value will allow grassroots commerce to flourish. If the price of silver spikes, well that is fine by me too.
I’m going to call BS on this.Turkey doesn’t have that kind of money and it would take other sources. You also can’t hide this kind of activity from traders. This is an attempt and inflating someone else’s position at the expense of yours. Not that silver is a bad buy at current pricing given where I think inflation / the economy / stagflation is headed.
Here is a link that talks about what the Hunt Brothers did back in the ’80s with Silver and all that was involved with it:
https://priceonomics.com/how-the-hunt-brothers-cornered-the-silver-market/
Precious metals- Anorher manipulated market.
All a rigged game. I only bought physical PM’s as insurance if things go sideways.
Well, things are going sideways but Gld and Siv are still trading in a narrow range.
Will I be able to use it for trade in a total collapse? Who knows. Sure can’t eat it…
My thinking is that the script notes in hand or in the bank will be worthless or confiscated anyway. PM in hand may go down in the markets from the price you paid for it, but it will always be worth something as long as there is commerce going on somewhere.