Be careful with those as well. News recently broke that the Perth Mint in Australia has no metals holdings and that for every ounce of silver in the markets, there are 500-1000 certificates, (ETF's) claimed on that one ounce.
Of course this has been going on for centuries. It's called the Mandrake mechanism.
If everyone called in their silver ETF's at once, (called a run) it would crash that commodity market. Hard.
At the end of the day the financial system is one big Ponzi scheme.
Were you impacted by that loss in bitcoin? Curious. Don't have to answer if you don't want to.
No I actually gained a little bit, because I have converted my BTC gains into other cryptos that have performed better lately. My total asset value went up by about 2% since Friday.
Be careful with those as well. News recently broke that the Perth Mint in Australia has no metals holdings and that for every ounce of silver in the markets, there are 500-1000 certificates, (ETF's) claimed on that one ounce.
Of course this has been going on for centuries. It's called the Mandrake mechanism.
If everyone called in their silver ETF's at once, (called a run) it would crash that commodity market. Hard.
At the end of the day the financial system is one big Ponzi scheme.
Were you impacted by that loss in bitcoin? Curious. Don't have to answer if you don't want to.
No I actually gained a little bit, because I have converted my BTC gains into other cryptos that have performed better lately. My total asset value went up by about 2% since Friday.
Take a look here at the 6 month view
https://www.tradingview.com/symbols/XMRBTC/
I timed that really well, and I'm sure it'll go at least back up to 0.007, maybe 0.01 or more if some development projects play out well this summer.
Gotta let the young'ns take some risks and have fun too, ya know
Also I learned from here about the paper silver market manipulation and that physical metal is the way, so that's what I do