Canadian dollar tops 82 cents for 1st time since 2017

[B00Mer]

If nothing else he can always go in the cheap jewellery business. Seems like a lot of people forgot what happened in the late 70s when the Hunt brothers tried to corner the silver market.

You're confusing the facts a bit.. Hunt Brothers borrowed to get that silver and lost their shirts..

Silver Thursday - Wikipedia

en.wikipedia.org

Verses over a 100 million people from around the world buying silver with paper, on https://www.reddit.com/r/Wallstreetsilver/

Massive ad campaign.. around the world as well.

https://twitter.com/i/web/status/1390273583868530689

It's the version of GameStop with Silver

 

[B00Mer]

Decapoda said:

Silver will never be worthless. That's what makes it unique, it's a precious metal, but it's also an industrial metal...and one that is steadily increasing in demand.

...all these new EV cars and batteries, your cell phone, computer, all those solar panels.. and so much more require silver.. there will always be a market for silver. As the world shifts to GREEN Energy, the demand for SILVER will increase like crazy.

 

[JLM]

I hope you have a buyer lined up.

Don't you mean a seller?

 

[B00Mer]

Don't you mean a seller?

I'm the seller.. sitting on $50,000 dollars in Silver..

 

[B00Mer]

... And I'm sorta hooked on it, not for the value of the silver, but the art work..

 

[petros]

... And I'm sorta hooked on it, not for the value of the silver, but the art work..

View attachment 8367

 

[B00Mer]

Great idea.. just 2 minutes ago purchased off of eBay.. $17.95 + shipping

WW2 Nazi German Silver 2 Reichsmark Coin-VG+ Condition Own a piece of History

 

[mentalfloss]

Remind me again when we get back to pre Trudie levels of up to a $1.05 US

I'm sure you can find my thread about the petro-dollar somewhere on here.

 

[petros]

I'm sure you can find my thread about the petro-dollar somewhere on here.

Back when production was bupkis?

 

[taxslave]

I'm the seller.. sitting on $50,000 dollars in Silver..

View attachment 8366

I'll give you $20000 cash. No receipt.

 

[B00Mer]

I'll give you $20000 cash. No receipt.

No thanks.. I will hold for 20 years

 

[taxslave]

You're confusing the facts a bit.. Hunt Brothers borrowed to get that silver and lost their shirts..

Silver Thursday - Wikipedia

en.wikipedia.org

Verses over a 100 million people from around the world buying silver with paper, on https://www.reddit.com/r/Wallstreetsilver/

Massive ad campaign.. around the world as well.

https://twitter.com/i/web/status/1390273583868530689

It's the version of GameStop with Silver

You think everyone that is buying in is doing so with their own money?
To paraphrase Freeloading Franklin a bit buy pot because pot will get you through times of no money better than money will get you through times of no pot.

 

[petros]

Great idea.. just 2 minutes ago purchased off of eBay.. $17.95 + shipping

WW2 Nazi German Silver 2 Reichsmark Coin-VG+ Condition Own a piece of History

View attachment 8375View attachment 8376

I paid $6

 

[Twin_Moose]

I'm sure you can find my thread about the petro-dollar somewhere on here.

I'm sure you would also find no shortage of work then as well

 

[spaminator]

Does this even matter anymore?

Canadian dollar tops 82 cents for 1st time since 2017​

The Canadian dollar hit its highest level in almost four years on Thursday, buoyed by high commodity prices

The loonie was changing hands at 82.08 cents US early in the afternoon, its highest level since September 2017.

Two broad trends are combining to push the loonie higher.

https://www.cbc.ca/amp/1.6016725

hope one day it will go above a dollar.

 

[petros]

hope one day it will go above a dollar.

The price is relative only to the USD. If the USD drops it doesn't mean we gain.

 

[bob the dog]

Makes for a good euro exchange rate. Too bad the banks discourage trade with countries other than the USA.

 

[petros]

Makes for a good euro exchange rate.

Only if the CAD rises against the €.

 

[mentalfloss]

So the economy really doesn't matter.

Ok, just checking.

 

[bob the dog]

Only if the CAD rises against the €.

I think both are influenced by the US dollar and the desire to sell goods to the American market. Haven't tracked it to know if both currencies move at the same rate.

I have one Euro holding where the rate has moved in my favour. I consider it a safe haven from the Canadian economy fueled by taxes. RBC will not initiate an international transaction other than the US market in a defiant anti combines legislation play but there is only provincial regulations that do not deal with international issues. Beyond the purview of the Bank of Canada is the party line.