Price of gold and silver flying, cryptos too

JR_Rustler_III

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I am shocked at how far and how fast the price of gold has risen in the past six months. And it took a while, but the price of silver is finally starting to confirm the move in gold. The gold:silver ratio usually averages around 50:1, but recently it set all time highs around 120:1. Now with the big move in silver in the last few weeks it's only down to ~80:1 which tells me that silver still has a lot of catching up to do.

As far as cryptos go, they are in a similar situation--the altcoins seem to be confirming the recent move up in BTC, although I'm much less in tune with those charts. What say you, @perception
 

BootlessM22

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Can anyone explain what good Cryptocurrency will be if the power grid is shut down?
I am sure some hypothesized that the power grid cannot be completely destroyed but only partially, and that what little remains after the war has done its work on us and our systems, can be dedicated towards the future of bitcoin.
Sounds silly to me. But then again, what do I know, Im just a dumb luddite.
 

PanzerDivisionMarduk

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I am sure some hypothesized that the power grid cannot be completely destroyed but only partially, and that what little remains after the war has done its work on us and our systems, can be dedicated towards the future of bitcoin.
Sounds silly to me. But then again, what do I know, Im just a dumb luddite.
Filthy no-coiners will be holding out their hands for a dirty plastic bottle of brown water, meanwhile the PC master race Koin Kings will be fucking their virgin war spoils 100 meters down in their air conditioned bunkers, whilst watching HBO on their 80" plasma screens, this is the year 2100
 

MichaelWittmann

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Can anyone explain what good Cryptocurrency will be if the power grid is shut down?
Good question, but one could ask the same thing about cash, gold, or any other medium of exchange. If the power grid really does go down universally and permanently those things won't be very negotiable either. People will be bartering for food, toilet paper, ammunition, medical supplies, etc.

The premises behind having at least some Bitcoin, gold, and silver is that if the dollar loses value those things will still retain some purchasing power.
 

sir_andy_of_bad

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Filthy no-coiners will be holding out their hands for a dirty plastic bottle of brown water, meanwhile the PC master race Koin Kings will be fucking their virgin war spoils 100 meters down in their air conditioned bunkers, whilst watching HBO on their 80" plasma screens, this is the year 2100
I think there's a split between those whites who want to return to a pre-industrial, almost Luddite-like existence modeled after Uncle Ted's teachings. Then there are the more optimistic whites who believe that the infrastructure will be maintained or returned to its original creators, and those able to maintain it. Bitcoin obviously relies upon such infrastructure to be worth anything. I take the path that only Gold and Silver (along with other precious metals and items) will be worth anything. I mean, that's what our enemy is dumping all their fortunes in fiat toward acquiring. Maybe Bitcoin will be allowed to continue to exist after the great economic reset they have planned, no one knows. People seem to have accepted it as a currency, which I suppose is all it takes for it to be useful as such. I just don't underestimate the nwo elites' ability to impede such a thing, if they so desire
 

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I've been closely following crypto for a while, and one interesting thing that's happened recently is that it appears that BTC is now loosely correlated with the traditional stock market. The actual mathematical relationship may not indicate a strong correlation, but a simple visual inspection of the respective curves since the beginning of the Corona Age, shows it fairly clearly; whenever there's a dump/rise in stocks, BTC follows suit.
The way I interpret this is that it's being fuelled by all this financial stimulus, and reflects the increasing institutional interest in BTC, which is something I have mixed feelings about. Anyway, it seems at this stage that we're going to have an early crypto boom, at least as long as the money printers continue to flood us with fiat.

 
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Hungor

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Good question, but one could ask the same thing about cash, gold, or any other medium of exchange. If the power grid really does go down universally and permanently those things won't be very negotiable either. People will be bartering for food, toilet paper, ammunition, medical supplies, etc.

The premises behind having at least some Bitcoin, gold, and silver is that if the dollar loses value those things will still retain some purchasing power.
In Puerto Rico, a couple years back, the power went out after a hurricane, and people were able to buy things with cash. Credit card processors did not work, but cash was still good.

Now a large scale power outage from a civil war might have negative effects on the paper dollar. BUT, if you wanted to, you could get ahold of US coins, they will keep some value just from the metal alone.

If we went to a true barter system, then its canned foods, ammo, TP, and things like that. But I think coins would still be a good bet.
 

Rorschach

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Can anyone explain what good Cryptocurrency will be if the power grid is shut down?
Considering most of the crypto servers aren't even in the US (I am assuming you mean the US power grid) i don't think it would have any effect at all.
Binance is where... in Hong Kong or somefuckingwhere?
 

Rorschach

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In Puerto Rico, a couple years back, the power went out after a hurricane, and people were able to buy things with cash. Credit card processors did not work, but cash was still good.

Now a large scale power outage from a civil war might have negative effects on the paper dollar. BUT, if you wanted to, you could get ahold of US coins, they will keep some value just from the metal alone.

If we went to a true barter system, then its canned foods, ammo, TP, and things like that. But I think coins would still be a good bet.
Which is why you should hold on to cash, or gold or silver or something of value because Cash out of those 3 will be the first to go, but in a temporary issue cash will still be good until it isn't. Physical Gold or Silver would be best though. These fuckwit millenial faggots who are all about Apple I-Pay and going 100% digital are going to suffer horribly and I hope they fucking do. Just goes to show what happens when you cuck to the system like they did in Sweden. Fuckers deserve it, every goddamn bit of it.

I still maintain that AMMUNITION will be the go-to currency in the end.
 

MichaelWittmann

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In Puerto Rico, a couple years back, the power went out after a hurricane, and people were able to buy things with cash. Credit card processors did not work, but cash was still good.

Now a large scale power outage from a civil war might have negative effects on the paper dollar. BUT, if you wanted to, you could get ahold of US coins, they will keep some value just from the metal alone.

If we went to a true barter system, then its canned foods, ammo, TP, and things like that. But I think coins would still be a good bet.
These are all good points. I would draw a distinction between a temporary, local power outage or grid-down and a nationwide or global infrastructure collapse.

In my own experience, in a local grid down scenario cash is king. Where I was lived was cut off and flooded out for several weeks, but local merchants still accepted cash.

I've never been through a national grid down. I can imagine that gold and silver might still be useful, but if things get bad enough I wonder if people might not rather trade in things that are immediately useful to survival.
 

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Can anyone explain what good Cryptocurrency will be if the power grid is shut down?
bruh. If the power grid is shut down for longer than six weeks, 95% of the world's population will be dead within six months, and money will be the last thing you'll want or need.
 

JR_Rustler_III

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Which is why you should hold on to cash, or gold or silver or something of value because Cash out of those 3 will be the first to go, but in a temporary issue cash will still be good until it isn't.
Physical cash will be surprisingly valuable IMO.

First, only something like 5-10% of the US dollars in existence are physical cash dollars, the rest are simply digital dollars that exist only on electronic bank ledgers. If there is a major economic upheaval, no matter how many of those digital dollars get wiped out, the physical dollars will remain--and consequently will suddenly become extremely valuable.

Fun Fact: after Saddam Hussein was overthrown, the US authorities began issuing completely new currency. But the old currency still circulated and held its value even though it was no longer legal tender. People needed money because there was a currency shortage in general, and the old Saddam money still worked great, so everyone kept using it.

Bottom line is, there are scenarios where physical currency becomes extremely valuable. This is why central bankers are working behind the scenes as we speak to concoct ways to permanently eliminate physical currency.
 

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I still maintain that AMMUNITION will be the go-to currency in the end.
I would not risk my life buying ammunition from a third party. In fact, in my experience, even Wal-Mart won't allow you to return ammunition. There are rules or possibly laws about it. If it's not sealed from the original manufacturer (spam cans, ideally), I don't recommend buying it. Therefore, I doubt ammunition will become any kind of currency. Especially since there are so many different calibers and loads.

Same thought on toilet paper. Lollll, somehow or predecessors survived and grew all those millenia before TP was invented. Real life / death survival will not require toilet paper.
 

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As far as choosing between gold and silver, gold is actually too valuable, one ounce of gold could be traded for a cheap car or something, or a high powered rifle, but for day to day trading, a silver coin will get you a tank of gas, or enough food to eat for a few days. So I would definitely pick silver for 99% of transactions. And remember, pre 1964 dimes and quarters are 90% silver, so those would be nice little tokens to have.
 

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I am shocked at how far and how fast the price of gold has risen in the past six months. And it took a while, but the price of silver is finally starting to confirm the move in gold. The gold:silver ratio usually averages around 50:1, but recently it set all time highs around 120:1. Now with the big move in silver in the last few weeks it's only down to ~80:1 which tells me that silver still has a lot of catching up to do.

As far as cryptos go, they are in a similar situation--the altcoins seem to be confirming the recent move up in BTC, although I'm much less in tune with those charts. What say you, @perception
I've said this once and I'll say it again. Bitcoin is good as a way of transferring wealth over the internet without the approval of government or 3rd party banks, but it won't ever moon again like in 2017. This is because transaction fees and transaction times become too insanely high.

Gold and silver on the other hand I could see having no upper limit.
 

perception

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I am shocked at how far and how fast the price of gold has risen in the past six months. And it took a while, but the price of silver is finally starting to confirm the move in gold. The gold:silver ratio usually averages around 50:1, but recently it set all time highs around 120:1. Now with the big move in silver in the last few weeks it's only down to ~80:1 which tells me that silver still has a lot of catching up to do.

As far as cryptos go, they are in a similar situation--the altcoins seem to be confirming the recent move up in BTC, although I'm much less in tune with those charts. What say you, @perception
GOLD/SILVER Ratio Analysis

The behavior of the gold:silver ratio started making more sense to me when I put it on a chart.
  • The 80:1 ratio happened to work well a few times starting in 2003 and then again in 2008. (It's the light blue dotted line on my chart.)
  • However, in 2016 the response was not as good and failed to start another bull run.
  • 2017 and 2018 also had touches of the 80:1 ratio, and each time the response was weaker until it finally failed and left the true believers of the 80:1 ratio disillusioned. I remember the silver crowd was not happy back then, and accusations of manipulation were common.
  • If you're into patterns, the gold:silver ratio formed an ascending triangle from 2016 to 2018 with 80:1 as the top edge. That's a bullish pattern that usually breaks upward, but bullish for the ratio means bearish for silver prices.
  • I think a better metric is to look at where the ratio is relative to the weekly 200 EMA. (It's the orange moving average on my chart.)
  • Silver bull runs start when price breaks under the weekly 200 EMA with authority.
gold-silver-ratio-analysis.png

I would advise against ascribing magical powers to the 80:1 ratio. It's a level that happened to work really well until it didn't. Getting the ratio under the weekly 200 EMA has been a more reliable way to confirm the beginning of silver bull runs. That's what happened in 2003-2004, and that's what's happening again in 2020.

Now that the ratio is comfortably under the weekly 200 EMA, silver traders have to watch out for the retrace. It can be steep, but the 50/100/200 EMAs on the weekly chart have been reliable support levels historically.

Also, it's easier to look at price rather than the ratio, because the ratio chart is like an upside down version of the price chart. (Not exactly, but I think you know what I mean.) Similar analysis works, but it's flipped. You want price to be OVER the weekly 200 EMA. This is a chart I made back in February 2020 that analyzes the previous bull run from 2003 to 2011.

2003 to 2011 in Review

silver.1w.2003-2013-review.png

What happened in 2003 looks like it's happening again in 2020, so it's good to study what happened from 2003 to 2011. Click on the image to read my annotations. It should be good prep for the next few years of the silver market.

PS: I know you asked about alt coins, but I don't currently trade them. Maybe when my trading bot is far enough along, I'll have it trade a few alts with high volume markets (like Ethereum and ChainLink), but I'm currently ignorant about what's happening in the alt space.
 
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JR_Rustler_III

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I've said this once and I'll say it again. Bitcoin is good as a way of transferring wealth over the internet without the approval of government or 3rd party banks, but it won't ever moon again like in 2017. This is because transaction fees and transaction times become too insanely high.
Bitcoin should not be considered a transactional currency. It is a store of wealth, and when I say "wealth" I'm talking thousands of dollars. If I have $10,000 worth of Bitcoin that I need to transfer, I don't care if the transaction fee is $50 and it takes a day to go through.

If you are talking about doing transactions, then use a transactional currency like Litecoin or Monero, because transactions go through quickly and transaction fees are very small.

Don't get confused about this. High transaction fees and slow transaction times are a feature of Bitcoin, not a bug.
 

JR_Rustler_III

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What is this? I've fallen a little out of touch with the altcoins, is this some new altcoin developed in the last year or two?
 

JR_Rustler_III

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What happened in 2003 looks like it's happening again in 2020, so it's good to study what happened from 2003 to 2011. Click on the image to read my annotations. It should be good prep for the next few years of the silver market.
Nice charts, thanks.

I've always been a little leery of ratio charts because there are two price variables involved, not just one. So you get more false signals. But that doesn't mean they can't be useful. I think it's reasonably clear we have entered a new long-term silver bull market, but I haven't really had the chance to analyze the silver price chart yet.

One thing I wonder about: the gold:silver ratio has historically been much lower than where it has been the last few decades-- i.e. ranging generally between 15:1 and 30:1. Given how small the above-ground inventories are for silver, and the fact that silver is mined only at about an 8:1 ratio over gold, we could get a serious market price dislocation upwards at some point--i.e. a price in the hundreds or even thousands of dollars. Almost certainly by that point we will have entered into a regime of total financial tyranny (heck we're most of the way there already), so odds are it won't be a situation where the average person will be allowed to profit, but it seems like that's where we're headed.
 

TheFireRises

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The increase in price has been long due, and will accelerate in the coming weeks/months as the (((Federal Reserve))) conjures more fiat currency out of thin air in an attempt to hold things together. Silver could hit $50/oz by the end of the year. Gold could be closer to $2500/oz by the end of the year, at least at the rate things are going.

While I think crypto has its place, there's nothing quite like gold. It's really an amazing metal with a lot of uses in the real world. In the end, I think it's a matter of having food/fuel/bullets/ first, then precious metals/crypto/booze for local bartering when cash is no longer king.

Gerald Celente has been talking about this for years (Audio is off in the clip, but still listenable).

 

GoodOlboY

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I'll spend my savings on a backhoe for my tractor. So long as there's still diesel, I'll be able to barter with farmers and other tradesmen through the hard times.
 

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The question is: will she break the $50 threshold? Also what the fuck is causing this movement?
 
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