The r0ach report vol 5: If there's any plausible conspiracy involving silver and bitcoin, this is it
If anyone is familiar with the metals market, you had a few characters showing up years ago named "FOA/FOFOA". This person claimed to be some type of insider in the banks/monetary regime and said the only way out of the collapse of the dollar and debt implosion, without going through a mad max scenario, was to revalue gold and let it free float with the value of every nation's currency being a derivative of how much tonnage of gold they own. Hence the term "freegold".
I've always thought the FOA idea of revaluing gold at $55,000 was kind of absurd since India and the Arabs have so much of it. The west would just be transferring power to 3rd world nations. It makes zero sense. However, since nobody has big stockpiles of silver (or maybe they do), they could utilize silver in a currency in some manner without making 3rd world nations rulers of the world.
It's been known for a while that JP Morgan is typically the biggest or one of the biggest players in the silver market (usually trying to crash the price on purpose). However, they seem to have been acquiring large amounts of silver at these artificially low prices in which they've rigged the markets as discussed here a few days ago:
Some believe they only acquired this giant silver horde in order to dump it to try and suppress price to prop up the value of the dollar should silver go on a bull run. The other possibility is much more interesting , that JP Morgan is acting as an agent on behalf of the US government to acquire silver. Banks like this usually suppress price on behalf of the government/fed, so why not acquire as well? China has also been acquiring high amounts of the stuff lately:
It's similar to a gold confiscation in practice where they artificially rig the market price low and try to force everyone to sell, only to then revalue later. Works out the same as the 1933 gold confiscation in the end result. All the FOA stuff came out before the era of Bitcoin, so it's also possible DARPA and the NSA released Bitcoin in an effort to try and accomplish the same goal - creating a backbone currency that doesn't make India and random Arab nations kings of the world (unlike gold).
So there you have it, one way or another, gold, silver, bitcoin, or all of the above will likely be playing a large role in your future. The gold domination model of FOA really has a lot of holes in it as can be seen from what I talked about above. Unless the bankers can manage to steal all the Indian and Arab gold, it would be kinda stupid to pull off since you're just transferring your power to them. FOA also claimed silver would crash to $0.50 and it instead went from $5 to $50, so the guy is no Nostradamus even if he is some type of banking insider.
There's lots of other holes such as if you think you can instantly revalue gold to $55,000 and not send the price of silver to the moon. It would be completely impossible. All traders would instantly dump their gold for silver at that point knowing the upside on gold is generally gone while silver still has tons. So the price on both seems like it will correlate no matter which one you tamper with.
If you just let the free market play out on it's own accord, gold, silver, and bitcoin would all rise, with silver and bitcoin having similar upside potential - much higher than that of gold. The more multi-polar the world becomes instead of a US hegemony, the more likely you are to see bimetallism with silver playing a large role as well. And that's the way the world appears to be right now with the Wolfowitz doctrine completely failing and groups like China and Russia playing bigger roles.
So, having said all that, it makes sense to own a little bit of all three just in case, but I would favor a more silver heavy allocation since silver and Bitcoin has similar upside.
This is the type of allocation I would consider for myself, but I'm not a retiree or anything and this is mostly trying to maximize upside potential for traders/younger people in monetary reset:
- 60% silver, 20% gold, 20% bitcoin
- 50% silver 25% gold 25% bitcoin.
- 50% silver 30% gold 20% bitcoin