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joe · 51w
I was thinking that retail was buying in anticipation of the govt repricing, but I guess they wouldn't be able to move the market like that?
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Stacking Functions @Stacking Functions
I don't think so, since the supply would be unchanged. Goldman, JP Morgan and a lot of the other big banks have suppressed the gold and silver price for years and it seems that ability is starting to slip away- hence the price rise.
https://www.zerohedge.com/precious-metals/mechanics-silver-price-suppression
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joe · 51w
Could the govt just call gold like $20,000 an ounce?
joe · 51w
Lol nevermind. I guess I misunderstood what I was listening to. I guess they could manipulate the price higher but there would be consequences?