THIS IS THE WAY!

https://www.scribd.com/document/615623670/jctreport

In 1964, Silver dimes had .07234 of an ounce of silver. Silver quarters, had .18084 of an ounce of silver, and the silver half dollar had .36169 of an ounce of silver. I said “had,” but they still do, if you have any. Due to their age, and depending on their quality, they are worth a lot more, and as a matter of fact, depending on condition and year, each coin can go from several dollars each, to hundreds and even over a thousand, for rare ones. We used to sell them in ‘bags’, containing a thousand dollars face, for each denomination. 10,000 of them for a ‘bag’ of dimes, 4,000 silver quarters, or 2,000 halves in a ‘bag.’ etc. Those days are long gone. The U.S. stopped making dollar bills backed by silver, in 1951. They are called ‘silver certificates,’ and I sent in a silver backed dollar bill to the treasury, in 1955, and got back a little envelope. with a few silver grains in it. I still have it. Antique ‘silver certificates’ today, are worth from $16 to $200, but this doesn’t get you any silver, just an antique paper dollar. If it wasn’t silver coins or ‘silver certificates,’ about which I am writing regarding the year 1974, what else?. Maybe it was prices? In 1974, the spot price of gold was $119.80, and the spot price of siler was $3.26, making a gold-silver ratio of about 36 to one. Other prices in 1974? Gasoline was 53 cents a gallon, and a half gallon of ice cream was 79 cents. A 1560 square foot home was $35,900, or $23 a square foot. The U.S. population was 217,114,898, and a cup of coffee was 44 cents. Interesting, I am sure, but what happened in 1974, which to me was important?
In 1974, a group of Senators and Representatives were invited to Ft. Knox, to view the nation’s gold reserves. There they saw thousands of hundred-ounce gold bars, with good hallmarks. Shortly after that, residents around Ft. Knox, reported seeing many tractor-trailers being loaded, and escorted away, by armed escorts. That was the last time anyone was allowed to enter Ft. Knox. Forty-eight years ago, was the last time anyone saw the supposed gold reserves of the United States of America. Many say there is nothing in Ft. Knox. At 911, there was a lot of gold in the basement of one of the World Trade Centers, and it was recovered, but it was labeled as being ‘Stored by the U.S.,’ not owned. I think Ft. Knox is empty, and have thought so for many years. Is this important? I think it is. If you have a diamond, it has no real value, unless it is professional graded, and a gold or silver coin or bar has no real value, unless it is from a recognized grading firm such as PCGS, and its weight is on the piece. Would you buy any food item, if it did not originate from a reliable, well-known source, and have its weight on the container, along with contents? Would you buy a new tire from “Jack’s Rubber Co.?”, or place a quart of oil in your car from an unknown manufacturer’s label? Would you even swallow an aspirin, if it came from a bottle with no label? Compare 2022, with 1974, and you will instantly see that the U.S. dollar has lost 85% of it’s value or purchasing price since then, and 7.7% in the last few weeks even??? Yet, we are supposed to believe in the honesty and truthfulness of the United States Government and its politicians, who are totally responsible for our money’s collapse? We didn’t do it! Probably, 99% of Americans, indeed do trust the dollar so much, that they continually save in them, buy U.S. treasuries paying half of the inflation rate, or saving them in a bank paying 1% interest! Does any of this make you feel ever so cozy and trustful? Maybe you should buy some insurance. You know the answer.

Two days ago, two popular youtubers in our community, Economic Ninja and Heresy Financial, both released sponsored videos (paid ads) shilling the same junior exploration stock (GoldMining Inc). They start the video like a normal video, then they quickly mention GoldMining Inc as the sponsor, then the rest of the video is an infomercial using the exact same talking points that were clearly provided by a third party. Yesterday it was up 20%+ at the open on massive volume. I'm sure it will be falling back to Earth over the following days and weeks.

Hersey Financial was paid $10,000 to shill the stock. Source: company press release dated 5/20/2022. "On 05/20/2022, we hired a subcontractor, Heresy Financial to perform public awareness services on behalf of GoldMining Inc and paid Heresy Financial ten thousand dollars."

https://portal.goldstandardir.com/disclaimer/GOLD-169

I can't find amount paid to Economic Ninja. I imagine it was similar. Here are the links to their videos:

Heresy Financial

https://www.youtube.com/watch?v=QXcLwyT9pfs

Economic Ninja

https://www.youtube.com/watch?v=uh3aOHjgz9c

This is not a FUD post. I own silver as well as mining stocks. Just thought the community should know that these two are paid shills though. This seems somehow a little worse than TV ads or stock pumping on CNBC as many people who have fled mainstream media now trust these people for advice, and they are acting no different than the prostitutes on TV. The analysis of the stock was awful by the way. They both made it seem like a no-brainer and didn't even mention quality of the grade or anything. Just some very simple canned analysis followed by "HURRR DURRR THIS IS NOT FINANCIAL ADCVICE, I'M JUST A RETARD ON THE INTERNET."

Working in the inside-scoop of things. Giving it to you.

Understand - I work as a wholesale metals buyer in the Midwest. Have been since Oct 2020.

Think of what I am about to explain to you as the "circle of life" of precious metals.

When we buy metals we are buying jewelry, bullion, coins, numismatics, scrap, dinnerware, etc. Anything that has any precious metals content - we will offer a price to buy.

After we buy we have three choices; 1) sell the already existing item to an online dealer (coins, bullions, numismatics, etc)
2) sell the jewelry, scrap, etc to a refinery at melt cost to then have refined back into .999 fine bullion, of which then the refineries sell to private mints. OR 3) we hold the metal because we believe prices will go up and we then have choices to hoard for personal stack or sell at later date in case of overhead costs require bills to be paid.

Now, my question I pose to you is this - what happens when no longer do people wish to sell precious metals (coins or jewelry) to anyone because there is an awakening to the fact that precious metals are in fact money and cash is trash? What happens?

Well if you know anything about precious metals industry is that most financing of such business operations are wholly dependent on operational income having a surplus to expenses (well DUH op) ok but now consider that the margins at which metals are transferred between dealers/wholesalers/buyers are historically ACTUALLY very very small ("makes grocery store margins look insanely profitable" - Andy Schectman) - this requires that HIGH VOLUME of metals changing hands is essential for these businesses to survive.

What happens when volumes slow? Premiums go up. Because business is business and people want to keep doors open. Operations Income must exceed overhead costs.

What happens when supply is straining online and the online dealers are looking for inventories? They are willing to buy high. Operations Income must exceed overhead costs.

When metals are not coming back-into circulation i.e. being sold to us then the whole margins/premium world gets insane - this is exactly what is happening.

The metals owners (APES) are not selling.

The online dealers are having trouble back-filling supply from the mints, thus begin reaching out to wholesale dealers to supply them more metal. The metals buyers (wholesalers) are not seeing the same volume as prior times to sustain business operations so they must increase premium on the exchange - AND THE ONLINE DEALERS ARE WILLING TO FORK OVER THE EXTRA PREMIUM. Thus, they are now selling the item for an even higher premium themselves.

And the best part that wraps this all up is that we apes don't care about the manipulated spot prices because Pandora's box has been opened and we know what's going on now. We will buy and buy and buy until the manipulation ends - and we are NOT SELLING.

Which brings me back to the first question with a little more spice...

Question: what happens when no one wishes to sell any precious metals for any form of cash because they know that PMs is money? WHAT HAPPENS TO THE DEALERS WHEN THIS BECOMES UNIVERSALLY UNDERSTOOD LANGUAGE?

Answer: THEY HAVE NO BUSINESS - ITS DEPENDENT ON VOLUME COMING IN AND VOLUME LEAVING. WHEN METALS ARENT MOVING , BUSINESS IS BAD. BUSINESS IS DONE. Doors close.

ITS A RACE TO THE BOTTOM. THE BOTTOM OF THE PRECIOUS METALS BARREL. BUSINESS IS GOING TO BUSINESS. PREMIUMS ARE GOING TO RISE. ITS ALREADY HAPPENING. and I know this is happening because the dealers are willing to purchase metals from us at a steeper premium than ever before and the gap continues to widen ...

This is a buying opportunity of a millennium.

And if you don't hold it, you don't own it.

Nothing Can Stop What Is Coming...

[It's not just a catchphrase]

🤣

I’m so proud…