Rafi Farber: The 1970s are Repeating for Silver Exactly, And It's Now 1978
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- Опубликовано: 29 фев 2024
- #RafiFarber - The 1970s are Repeating for Silver Exactly, And It's Now 1978
Silver topped at $6.50 in 1974, from a low of $1.30 in 1971. That's a quintupling in less than three years. But then, from 1974 to 1979, for five excruciating years, silver went absolutely nowhere, and silver stackers were convinced everything was rigged. It took silver 2 years to bottom in 1976, and then drifted back to its old 1974 high. Then, out of nowhere, silver catapulted by a factor of 8 in just over a year.
Well, silver has been pinned below $30 for 4 years now, and took two years to bottom from August 2020 to August 2022. As frustrating as it is now, we are repeating the 1970s almost exactly. And today is 1978.
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The British £1 Note - The True Story.
Now. The reason that the 'British £1 Note' originally gained its name. Was due to the fact that the 'Paper Note' represented ownership of 'Twelve Troy Ounces (1 Troy 'Pound') Of Physical Sterling Silver Coins'.
With 'Sterling' of course referring to the level of the 'Purity Of The Silver Coins'. With that purity being 92.5% Silver and 7.5% Copper.
Hence the name 'A One Pound Note'.
IMPORTANT - The Note Was 'NOT' And Never Has Been 'The Real Money'.
The 'Real Money' (The 'Silver Coins') were stored in a bank vault. And the 'Notes' (representing ownership of 'The Money/The Silver Coins') circulated in the wider economy.
Mainly to save us from having to carry a large amount of 'Weight Of Money' (of Sterling Silver Coins) around with us.
And yes. We were then able to take a 'One Pound Note' into a bank. And they were obligated to give us the '1 Troy Pound Of Physical Sterling Silver Coins (The Real Money) That 'The Note' Actually Represented Ownership Of.
A situation that continued until the British people eventually 'Fell Into The Trap' of mistakenly thinking that 'The Notes Were The Money'.
At which point our political leaders and their banking overlords 'Completely Removed The Physical Sterling Silver Coins That Were Backing The Notes From The Economy'. So allowing them to 'Print Astronomical Amounts Of Paper Notes In A Large Variety Of Denominations'.
A move which 1. Allowed our government 'To Begin To Live Wildly Beyond Its Means'. And 2. Allowed the bankers to create 'An Unlimited Amount Of Debt'.
Debt that they 'Create Out Of 'Nothing' And Then Charge Interest On'.
I mean. Britain is now 'Totally Awash With Debt'. Both on a 'Personal And A National Level'. And no one ever asks the logical question.
"How Was This Actually Able To Happen?".
Well, now you know.
And now you also understand the important difference between 'Mere Currency' (The 'Notes'). And 'Actual Money' (The Silver).
A harsh lesson that the vast majority are just about to have to 'Re-learn'. As the 'True Value Of An Unbacked British £1 Note Is Once More Realized'.
With that 'True Value Of Course Being As It Is 'ZERO'.
'ABSOLUTELY NOTHING'.
Best wishes 🙏
Andrew.
Well put.
@@fu4616 Thank you.
Excellent summary. Thanks.
@@lancemusgrave7087 No worries. Please pass it on.
@@NowisEvollovetion I find it astonishing that UK fiat notes still have "I promise to pay the bearer on demand the sum of .... pounds" emblazoned across them...
Remember it well , 1978 was my Senior year in High School and it was very interesting to watch the Metals Market try to break out , but 1973 was my year of discovering 90% Constitutional Silver coinage thanks to oil embargo , we would pedal around on 10 speed bikes and swap out clad coins for 90% coins and the gas stations owners really didn't seem to mind , eventually we went to the Banks and just purchased a shrunk wrapped box of dimes or Quarters and some Halve dollars , that planned really paid dividends !
I do too! I graduated in 1979 and got some $199 Krugerands that I used to buy my first car in cash for in summer of 1980. Those were some exciting times watching the price go up via LA Times classified ads. Seems like history is bound to repeat itself again.
In the 70s we didn't go through a global pandemic or war in Europe. Without manipulation, PMs would have responded much more strongly in the last four years.
Not to mention all the money that has gone into bitcoin et al.
Good point!
Proportionally the amount spent on war 64 to 72 was massive, forced the closure of gold redemptions.
With population growth...A couple more billion people since the 1970s chasing the the PMs .. should be interesting
What pandemic?
Thanks Rafi to remember us that patience is needed
Hopefully not another 15 years .
Bull run for commodities will start Monday! Enjoy $2.5 gold by the end of the next week. Not a financial advice!
@@povarful Thanks for your words. I am seeing forward to this happening. Many years of preparations would at last pay of.
@@ottmarschafer5713 silver might be $26. Let's hope . I definitely believe $34 silver this year! Dollar will crash by year end. Who knows where exactly price will end up! It's just my opinion!
@@ottmarschafer5713 market is definitely doing as I said,but it indicates that something is not right in economy. Hyperinflation is definitely here. Buckle up bro!
We shall see. US debt alone is up over 35x since 1980 silver peak yet silver isn’t even half of the nominal price 44 years ago.
You could also say it's done a 5.6x since it's $4.07 low in 2001... when you pick the extreme top on a wild run up you could say something similar about a bunch of commodities. In the late 70s oil was almost double what it is today...45 years later.
Also, the average closing price for silver in 1980 was $20.98. The passed three years have exceeded these levels. So you could technically say that on an average yearly price basis, we are around nominal highs, and above the 1980 nominal level.
Well today is looking good for gold
A gold coin is a gold coin, a silver coin a silver coin, a 4 room house is a 4 room house. None of these (or anything else) will ever be „worth“ more or less.
What you perceive as a gain in value is in truth the erosion of the fiat currency, due mainly to INFLATION!
It’s all upside down. You still have a lot to learn.
@@RocketPipeTV I measure value in what I can build produce or otherwise use to earn a return. Yes paper is doomed to die but gold is very useful for plating silver is good for chemistry and art, land, because I live there and can practice my art and trade as well as store my equipment there as well as growing crops. So in the end, value is a point of perspective
1978, what a great year that was. KISS solo albums came out...I bought the ACE version. In my memories of decades of summers...1978 could possibly be the greatest year in the last 50 years.
Paul's was a close second. Imho
agreed@@craigbowen2452
Excellent analysis!!!
Yeah no mention of the Hunt brothers effect back then?
We need billionaire brothers to try to corner the market. That's what the technicals say
Or…200 million regular people buying 100 ounces 😊 Both would work. Remember, the Hunt brothers had friends. We need everyone ❤❤❤
Regular ...people? 😂@@leannefrye4341
We need men to find their balls
The more they try to make silver look like lead and bitcoin look like gold the more silver I will buy
Who are "they"?
Bitcoin is up 300% in the last 12 months, but silver is better, right?
@@labaro bitcoin is a psyop
@@labaroyes. Bitcoin will lose value and never recover at some point.
I would be interested to hear your insights and analysis of the Hunt brothers rise, (and demise), in the context of the above charts. My current understanding is that they got royally screwed when Comex simply 'moved the goalposts'.
What's stopping them recycling that strategy?
Great question.
I'm glad that silver is still cheap, so I can stack even more. 😄
Greetings from the Netherlands
Silver will stay cheap, so you can keep stackin’ into old age
Rafi, my model has been showing a reverse 70’s move for assets. Funny, that you brought it up. For those who didn’t think there was a pandemic, we had an influenza pandemic and epidemics throughout the 70’s. By the time the 80’s came along, the paper market had the game rigged.
It's a plandemic not pandemic.
Hi Rafi good morning and all I'm shocked to see the price of silver especially coins without any premium value how this is possible??? What is going on???
Thanks Rafi 😊
Thank You Rafi, your historical data and insight are greatly appreciated 🙏
TGIF thank you sir, excellent report 💯
There are those that make things happen (1% elite),
there are those that watch things happen (economists),
and those that wonder what happened (the middle class).
Thanks for the video Rafi.
Rafi you're the best! Love the very pertinent facts and history mixed with your "deadpan" method of delivering them!
Don't worry...keep stacking 🎶
..
Excellent comparison Rafi. The backdrop is a different story, but the charts have their own logic. The old saw, 'History does not repeat, but sometimes it rhymes.'
take care
rwmccoy
Re: Pension fund in Canada sell CRE
“Sometimes it’s better to just take your losses and reinvest in something that’s going to perform much better,” according to the article.
So the CPPIB is gonna reinvest the $1?
Thanks Rafi.
I do love your commentary & analysis...your sense of humor is pretty great as well😅 God Bless❤
Africa is the safest place... for who?
Not for farmers of a minority.
Pray for the Boers.@@mikebrown6854
Ask a Boer!
For somebody with five thousand bullets.
😂exactly. That’s the most ridiculous statement I’ve heard in a long time. Take your life in your own hands and move to Africa!
Looks like year 5 was a pretty steady climb higher. If we steadily climb back to $30 from here over the next year, I'm probably comfortable with that.
Beats the crap out of daily beat downs.
Great information thanks for sharing 😊🎉❤
I used to trade AG a LOT and it was always around 50 or 55% of the silver price. Wow.....what a precipitous fall.
I don’t have enough metals
You rock Rafi!
Thanks, Rafi. Stay safe
Hi Rafi, this is the first time that I've visited your channel. I started buying silver too when I saw the government's obscene spending during the pandemic. I do wonder about the future price of silver. With all of the world governments continuing to spend like drunken sailors, silver has to go up unless a HUGE, easily accessible new source of silver is discovered. If we will ever see another pump like 79-80, I don't know. Wasn't the majority of that pump caused by the Hunt brothers trying to corner the silver market? I remember people talking about that back then (I was about 10 years old at the time). After just looking it up, the Hunt brothers bought up nearly one third of the world's privately held silver, sending silver prices sky-rocketing. Will we ever have another event like that? Or will it be something different like many countries monetarily collapsing in quick succession, triggering a run on precious metals and potentially Bitcoin?
Thanks!
Hunt brothers $50. Bought all the silver.Then congress bankrupted them.
Fed too
💯
Once the Blackrocks and Vanguards of the World have their Bitcoin ETFs in full swing does that mean they will then be able to manipulate the Bitcoin price, much like physical Silver is manipulated by the paper price now?
Seems if that's somehow a possibility then they can walk away from Silver manipulation as it becomes increasingly difficult due to the ongoing deficit in production therefore risk of an actual Physical squeeze that would ruin their game
Thanks Rafi, talked to Pres at The Silver Institute and he says with F bombs that the Silver market is not rigged, HUM
He is lying!!!!
The Silver:Gold ratio is currently 0.011:1, but the mined, Silver:Gold ratio is 0.143:1. For silver to gain relative status to gold will need a 1,285% rise. One ounce of silver (today) at $23.14 equates to $297.35. Will the history of the 70's (if repeated) deliver such moves?
Excellent chart work (I hope)
That was an encouraging video man!
If a rise in gold spot price will precede a rise in silver spot price, is it a good time to convert existing silver stack to gold?
Yay Rafi 😊
I can't figure out your $240 rally top. I guess that's the just shy of the Hunt squeeze x 4.8? The Hunt squeeze was a *very particular* situation, and it seems odd to base a target upon.
I’ve recently heard that many banks have stopped shorting silver. Is there any truth to that?
The moment when even the hardcore silver stackers in this comment thread are getting skeptical and throwing all their faith down the drain, that’s when I know we’re close. physical silver is probably more undervalued now than it ever has been. And this is investing, not trading. You’re gonna have to sit on this guys. But you won’t even have to sit on it as long as your 401k just play the long game and don’t let your mind get in the way. The inherent belief is there in most of us and understanding that something which is this undervalued in every metric will eventually break out. And we know it’ll break out because the biggest holders of silver are connected deeply to the manufacturing of the end game. Just like Nancy Pelosi and everyone that follows her trades has been riding nvidia and it’s been rising meteorically, silver is at its best price right now. Stack and wait with the intention that you’ll hold this for 10 years if you need to
Love your shirt
Rafi is da 💥
Which pension fund sold in Canada?
Two words: Hunt Brothers. Without that kind of counter-push, JPMorgan rules.
I am on record stating that between 2024-2028 big gains should be made in Gold and Silver and possibly longer.
Look at Silver / USM2, trend line = $88, 1980 equivalent = $680
It's true¡¡¡
legend
$50 silver in 1980 inflation adjusted is $170 silver in 2024.
If it was that high it might not want to stop there it would have a mind of its own. They couldn’t have that so they have to control the price until one day and then bam!
But in the 70’s silver wasn’t used as heavily by so many industries. If silver goes up, it will bring prices much higher for electronics, healthcare and more leading to more inflation. Everything would follow. As stackers we wouldn’t be ahead but simply break even.
You said this years ago
SHABBAT SHALOME MY FRIEND
i think the us debt clock just got hacked lol.
It will be at $240 for 2 minutes before dropping $225 in the next 10 minutes. Just don't buy when it goes over $100. Yes, Honest weights and measures are Biblical
That's MY pension ffs...
The ownership of the building was just transferred within the corporate veil structure. It wasn't really sold.
Just the same, the law would require that to be at some reasonable value. Of course the headline is BS.
This was a hardcore video!
i like that cat
Comparing silver today to the late 70’s is disingenuous. Nobody is trying to corner the silver market today, so why would you expect it to follow the 70’s trend or surpass that high. I think the 2011 high would be more in line with today’s movements.
You make more sense than the host.
Yes they are. You obviuosly no nothing about the metals market. The central banks, billionaires, and china, have been draining the comex, and the lbma of physical gold and silver for the last 2 years. The comex will be completely empty before the end of this year.
The host probably doesn't even know about it 😂
So correct. No historical presidents--just the Hunt Brothers.
My father made mills with Silver
Yes being manipulated like hell to benefit silver futures traders.
But There Re Written The Rule Book Many Times since Then, And They Will Keep Re Wrighting It
Its Happening again? Its the same old same old for now 9 years and NOTHING changes.
Who is on the shirt Rafi?
Resembles Henry Kissinger. Just a guess
one of the most evil men in history
@@bobertjones2300
It’s not the same. 😢
Ncswic!!!
Rafi - I thought we were hoping for nobody to want to purchase treasury bonds anymore. If we are issuing a record amount of long term bonds, doesn’t that ensure the financial ponzi continues?
You can issue all you like. The question is for how long people (especially foreigners) will want to keep buying them. The US Current Account Deficit is Now something over $800B and likely to explode higher in the near future. In common sense economics this SHOULD result in an $800B decline in the money supply and tends to fix the problem in the Current Account. However, the US just keeps printing to make up that deficit so that requires over $800B new bonds to be issued EVERY year on top of what is already out there. In the end the US will have nothing anyone can buy with their USD - unless it continues to create global tension and wars.
BTW. Your clips are hilarious!!
Reading squiggly lines to predict the future.
Bones work well.
Gold in AUD terms is at all time highs and the GSR is 90:1, certainly the setup is there for a silver moonshoot however the market has gone berserk for cryptos: BTC and ETH realised insane gains.
That late 70s boom was T Boone Pickens manipulating the market.
Silver only has a chance at going up after the next crypto bubble pops and that could take another year.
Crypto is a fake digital fiat, it can implode overnight.
I agree somewhat. It can go up due to its growing scarcity and possible increase in industrial demend. If the web were to get taken out for even a week or two in a war though... Then it would move like greased lightning.
@@johnrolavs6794 urghh im not rooting for that one 🤢
@@jimpanse1638 Don't think anyone who isn't a monster is. That said I am concerned. Metal is part of my contingency for this. I also have some bitcoin. Big on being covered no matter which way things go.
Don’t fall yet
1978 was just born
Egh. I think its la la land.
The 1979/1980 silver price, parabolic move, is not a realistic comparison, The Hunt. Bro's, tried to corner the silver market and got short squeezed into oblivion.
So you're saying there's no billionaires out there that might want to do the same thing, even though it would be so easy to do. 😂 I wish I were one so I could make huge money and show geniuses like you how smart you are-n't 😅
I bet it would blow our minds if we knew how much silver Elon Musk already has tucked away for future Tesla use. He's smart enough not to talk about it because he knows what that would do to the market.@@AmeKeaka
Didn't gold go up quite a bit, too? I don't believe they were hoarding that.
Warren Buffet said he "only"invested 2% of Berkshire into silver.
That only equates to 1 billion ounces
of silver. But hey who is counting right
This is good context! I wasn't alive then and don't know the history. what we can expect is a 'flight to safety assets' but not necessarily a short squeeze parabolic move lol.
So far im losing with fortuna 6 months + all ready
Thanks Rafi great info as always 😊✌️WWG1WGAWORLDWIDE
But...in the 1970's there was only currency, precious metals and stocks and shares etc, now there is a new player in the game draining the monies that would have moved into precious metals into electronic cryptocurrencies, so are you still confident the same will happen again as before? I think it will but not to the moon as some are saying.
The prophecies of astronomical gains have worn thin.
Cryptocurrencies are just speculative assets. Speculative assets also existed in the 70's, and through all time (like tulip bulbs in an even older context).
Anyway, most portfolios are 10-15% in precious metals where crypto is like ~1% by allocation in most 'sensible portfolios'. So likelihood is precious metals are still a good bet for a safety asset and divestitures into crypto are a relatively minor hedged bet much like owning foreign assets/stocks were at other times of history.
Isn’t South America better than Africa? No war risk and many SA countries also been through hyperinflation
Feel we can’t compare to market history anymore. Different this time, crypto wasn’t around then…….less $$$ for the PMs. Hope I’m wrong.
What is happening again? RUclipsrs have been preaching high silver prices for years now! We the public need to take it back today. It is that simple if You want to speed this up.
🌛😎🌜
silver facts and fantasies lol
All the currency is going into B
FSM for those who don't know . . . .better know this company )) Results on 6 of March
I’ve been hearing this years now gold silver ratio is 90 to 1 that’s the facts and my conclusion is no one knows what’s going to happen except for the man above . This is all fodder
Have you ever been to Africa? Just wondering....
The sweet, pretty things are in bed now, of course, The city fathers they're trying to endorse
The reincarnation of Paul Revere's horse, But the town has no need to be nervous
The ghost of Belle Starr, she hands down her wits, To Jezebel the nun, she violently knits
A bald wig for Jack the Ripper who sits, At the head of the Chamber of Commerce
Lather, rinse, repeat
Print like you have a pair! And that’s no Bo-Polny peepz!
Saying Africa, and not specific African nations, doesn't say much. There are African nations that are dangerous to be in. So, any suggestions as to the best African nations?
Yep I would take comment with a pinch of salt. But depending on what you are looking for countries like Namibia, Botswana are peaceful. The best and most stable and healthy per capita African country would be the island nation of Mauritius.
Zimbabwe
101,666 dollars is evry us citizens share of the national debt - acording to internet. so the debt went from 34 trill , to 34.4 trill in about a month roight ( cant remember)? so that 0.4 is about 400 dollars for all of us in one month. 400 in one month. i made around 1200 lol
Maybe my math is off but here’s my calculation… .4 trillion is 400 billion (let’s use all the digits to make it sink in - $400,000,000,000). If you divide that among the 350 million “Americans” (not tax payers or family units, but individual humans living in USA [including babies, all illegal migrants, etc.]) that is well over $1000/ person (in one month, if your statement is correct). Unimaginably unsustainable.