Take it up with the Fed, Elon. As even the dullest of the sheeple make the connection between the Fed's deranged money printing & the "affordability crisis," the rush into the safe haven of physical precious metals will only accelerate.
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Posted by Key_Brief_8138
17 Comments
So it’s no biggie if beef or electricity is unaffordable, but if one of Elon’s raw material inputs becomes too expensive then it somehow is suppose to matter? Pound sand you South African fuck.
If he’s tweeting about it, it’s because he wants to pump and dump a position he has in silver…
Still blaming the Fed. These issues are caused by those governing. The Fed is a scapegoat.
I mean asset prices rising isn’t good for the economy usually. It makes people who own them rich but has all sorts of negative effects.
Think of housing. High housing prices make people wealthy but a wealth kicked into the house. Paper wealth if you will. Meanwhile people can’t afford a home at all.
The guy worth 700 billion complains about how prices have gone up because he helped elect a dementia addled fascist moron. Comical.
He’s not wrong but the people who will pay for it will be the average consumer.
Silver iodide is key component in prostate neuralinks. Elon claims that the k-pods just don’t hit the same without it
So what he’s saying is there’s high demand and not enough supply, meaning prices will continue to rise.
Is he still talking? Elon is so 2025; we’re moving on and do not need his room-temperature takes.
“take it up with the FED”
Sounds like someone who doesn’t know shit and just needs a boogeyman to blame.
Who is the one that gave the FED 2 directives with, what, 2 means of achieving those directives? Oh that’s right, Congress.
Who has power over spending and taxing which directly cause inflation/deflation? Oh that’s right, Congress.
Who has the power to business practices that hurt consumers and also the power to stop monopolies? Oh that’s right, Congress.
The hundreds of elected officials that don’t need any qualifications besides being popular who have the power to fix the problem aren’t fixing the problem.
Silver isn’t increasing in value as much as the value of the USD is collapsing.
I hope silver keeps rising.
Cost to produce and ounce of silver cost $20 to $35 and ounce depending on the mine. The longer silver stays high the more supply will come into the market. Mining operations are slow to increase to meet demand. Basically mines make more money of the higher prices so their is not a real push for them to increase supply. However, some smaller mines will increase production since it is more beneficial to gain profits. Eventually supply will meet demand and higher prices and things will reverse. It takes 9 months to 2 years. It is not immediate.
Isn’t this because of a retaliatory Chinese export ban taking effect Jan 1? Weird how some people post every negative news story then blame it on the Fed
Dog brain
I mean, the fact it’s needed in industrial process is what makes it valuable and a more stable place to “protect wealth” right?
Gold and silver go up when people are scared. Why are they scared Elon?