The FED and RECENT GOLD AND SILVER DISCUSSION

Is there a separate discussion thread for these topics?

I've got questions about some of the recent related NOTABLES but I don't want to shit up the /qresearch/ bread.

>>4470783

I'm looking more a discussion among anons and autists rather than people trying to sell me a product or viewpoint.

I've been buying for decades now and I've been totally comfortable with it through all of it's ups and downs. I have enough dry powder to double my position if desired.

I have questions concerning the talk of revaluing gold from it's current levels to $8000, $10,000 and higher. Seems to me that would have a catastrophic effect on many businesses and industries that rely on precious metals. The jewelry industry would be out of business overnight for example because their average customer would unable to pay 8X or more overnight. Even electronics that use small amounts of ultra high purity PM's would increase quite a bit overnight.

>>4470985

Imagine you're working jewelry sales currently supporting your wife, 2.1 kids, dog, cat, and current debt load. Gold goes top $9000/oz and silver to $150/oz tomorrow at 8am.

What happens to your job?

Not saying anybody is right or wrong in the discussion but many people and industries would be hurt severely with a sudden and massive upward valuation. The vast majority of sheople own zero precious metals or have any idea that should own PM's.

>>4471043

Since the value of every (now gold backed) dollar suddenly goes up then the value of everything else goes up in proportion?

Those holding lots of physical make out but so do those who hold paper (now gold backed) right?

>>4471186

>There would have to be some kind of conversion. Say 10000 fiat dollars per gold oz. = 50 or 100 gold back dollars.

So the 99% not holding physical are going to get hosed then. How does that not hurt precious metal intensive industries?

>>4471225

Thanks anon.

I'm just trying get my head around an undertaking as massive as moving back to a precious metal backed currency. I cannot imagine that POTUS would allow the 99% to be hurt anymore than I believe the elite were going to allow PM holders to prosper?

It's a huge topic and I'd just appreciate a big, wide ranging discussion on the topic.

>>4471265

How is that fair for those of us who busted ass and do without in order to become and live debt free?

Again, not trying to be argumentative.

>>4471080

So how does the conversion from fiat to gold backed play out?

>>4471264

I assume you mean provenance. If so, what doi you mean? I have to prove I didn't steal my money?

After becoming debt free I have done everything possible to remove myself from conventional banking. Still, every penny is lawfully taxed by choice so that I don't have to go to jail. I have substantial holdings in pm's and cash held outside of ( ((their)) ) system. How would that be treated in a conversion?

>>4471341

Damn skippy! I'm one of the 20!

>>4471377

Guilty. All duly earned and taxed. Just held out of ( ((their) )) physical reach.

>>4471399

Understood but I have loads of legally earned and taxed cash. I'm not scum. I converted a bunch of it in to PM's over the decades but living debt free and saving for retirement causes money to pile up.

>>4471429

I'm legit for sure. No point in saving like a demon and doing without just to end up in jail over $10k in tax evasion.

I just don't envision POTUS doing anything to hurt the 99% while ending the FED.