RE: Silver - Key level15 Dec 2021 23:43
Agree. Fed is in a bit of a pickel....
They need to raise rates and they know it...then market throws a tantrum with 5-10% drop and they all start ****ttttinggg in their pants. Fed has become a joke. They seem to be playing the market instead of steering proper monetary policy. They cannot back fiat ccy with Gold....coz they got none. They holding other countries gold as safe keeping....lol. and if you ask for your own gold back, then they offer to return it over 20 years. Thats why they use gold futures market to keep gold price artificially low. If anyone asks to reprice commodities in a different ccy, then US just goes to war and invades them. Crazy !!!
Otherwise US Dollar would collapse and Gold goes to $10,000 taking Silver up with it.
Then after the shenanigans with junk rated collateralized mortgage obligations mis sold as AAA credit, leading to the 2007 financial crisis, bankers came up with crypto and bitcoin....which is not digital gold btw...unlike how they mis sold it. (Blockchain is different though - decentralised finance ledger cutting the middle man). At some point these banks will exit and music will stop ending this ponzi scheme eventually in my opinion. Currently greed seems to have taken over.