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submitted 6 days ago* (last edited 6 days ago) by Trenbeloneysandwhich@hexbear.net to c/badposting@hexbear.net

So basically silver lost over 2 trillion dollars worth of value today. Gold lost 5 trillion. Silver went from trading at over 130 dollars a share in china this mornings to at the lowest today 75 dollars a share. This is because trump nominated Kevin Warsh as the new fed chairman.

And this makes absolutely no sense because although warsh has a history of being super hawkish when it comes to interest rates. Trump was complaining that Jerome wouldn’t. And literally is threatening to put him in jail, Warshes father in law is one of Donald’s handlers. The guy owns estee lauder or some stupid shit. Trump is usas god emperor and would only put someone in who will lower interest rates to pump the stocks.

So expect this warsh guy to cut rates until they are like at .5% and then we get bigly inflation.

Anyways my prediction is silver goes over 200 dollars easily as this new puppet of trump ruins the economy with rate cuts. Which will have everyone running away from the dollar bigly.

The reason this is a big deal is cause historically the fed is apolitical. But trump has the son in law of one of his biggest donors controlling the interest rates now. So expect massive bigly pumps in the market as the dollar crumbles into being worthless.

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[-] RNAi@hexbear.net 16 points 6 days ago
[-] context@hexbear.net 20 points 6 days ago

it's still near its historic inflation-adjusted high price, and while all of this has been going on the u.s. dollar index changed like 3%. i personally don't take financial advice from silverbugs in c/badposting, but ymmv gambling with argie dollars.

[-] RNAi@hexbear.net 6 points 6 days ago* (last edited 6 days ago)

I don't do stonks nor any other gambling, I'm thibking about central banks trying to dedollarize, isn't this double good for them? Trump molesting the dollar and a sudden low price of historicvaluestoragium?

[-] context@hexbear.net 8 points 6 days ago

i know you don't gamble, i was joking. my point is that silver price is still quite high in all currencies. there's still a long way to drop, so this may or may not prove to be much of a dip. it's a sudden low relative to an extreme high.

[-] Strayce@lemmy.sdf.org 14 points 6 days ago

Wasn't silver supposed to be hitting all time highs like, yesterday? I can't keep up with this shit, fucking fake ass science.

[-] Lovely_sombrero@hexbear.net 10 points 6 days ago

Even with this drop, it is still up by like ~150% in the past few months.

[-] Infamousblt@hexbear.net 11 points 6 days ago

Can someone tell me if I should buy gold right now then

[-] hexthismess@hexbear.net 12 points 6 days ago

I'm pretty sure you should've bought gold 20 years ago smuglord

[-] LaBellaLotta@hexbear.net 7 points 6 days ago

Silver legion returns?

[-] Commie_Chameleon@hexbear.net 6 points 6 days ago

Correct me if I’m wrong but isn’t there an entire group of people that vote on rate cuts, including Jpow if he chooses to stay on? Meaning we won’t get that many rate cuts.

Economy’s still probably going to get fucked so rich people can swoop in and buy up even more shit though.

[-] CanYouFeelItMrKrabs@hexbear.net 5 points 6 days ago

Why did it dip though? Wouldn't issues with the dollar help silver today?

People selling their gold and silver to buy beans, rice, disposable lighters, and ammo?

this post was submitted on 30 Jan 2026
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