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RE: Hello Steemit, Join me as I share my research and expertise in Cannabis, Cryptos, Precious metals and more. I am an editor, research analyst, speaker and entrepreneur… I will add value to the Steemit Community.
Welcome to Steemit! How low do you think silver might go?
@pastbastard, thanks for the comment.
Nailed it! The big money will always seize control.....eventually.
@kkugel2 There are some people who believe BitCoin was created by the DeepState as a testing ground to bring out their own cryptocurrency or move to a one world currency... tough to say what the truth is as no one really knows, but I wouldn't doubt there could be some truth in this line of thinking. Either way... who ever created Bitcoin doesn't matter, it is now most likely in Wall Streets control and they are very good at stealing wealth from the average person... one thing we can surely expect is volitilty and huge price swings, this is how they make money in the futures market.
Well, the average cost of production is about $13 or so the last time I checked. I started following precious metals back in 2005 and realized it is one of the most manipulated markets in the world. The bullion banks control the paper price, this is done via the LBM fix, futures contracts and naked shorting.. so the price can go as low as they want, but realistically not much lower than the average cost of production as the mining operations will shut down. I know many here are bullish on Bitcoin, but the big boys at Wall Street most likely have controlled the price and market since the begining of the year, now they will use the BTC futures contracts to control the price of BTC.