Loading ...Silver Miners Of The America’s – S.M.O.T.A.
For Immediate Release: Dated March 9,2024 The newly formed association of silver miners in Canada, the US, Mexico and South America are announcing that effective immediately they are setting a minimum benchmark price of $35 per troy ounce for silver.
That benchmark price will remain in effect until July 1st 2024, at which time the price will be set at a minimum of $40 per troy ounce until January 1st 2025 when the benchmark price will increase to $50 per troy ounce.
After decades of price manipulation and suppression by bankers and commodity exchanges, the silver mining industry will no longer tolerate such criminal and illegal behavior. These price benchmarks are meant to normalize prices to reach a reasonable level without distrupting the many industries reliant on silver as a key component of their products.
Going forward the industry intends to consult with their many users for input in determining future minimum benchmark price levels. (This is not The Babylon Bee)
WOW
Do you have a link CM ?
Which Miners are involved
Brilliant if they can pull this off
Pre-April Fools Day Joke?
No link. Just looking to shake things up on a sleepy Saturday morning. PS: As my duly authorized agent in a couple of other suggestive ventures, I am available to be their spokesperson. Just make sure I get paid in silver bullion. (None of that paper fiat crap) LOL
It would be nice to see the miner grow a pair. Reality Is they are beholden to the banksters for capital for development.
You bad CM !
This reminds me of Hugo Salinas Price’s idea of remonetizing silver in Mexico where it would be valued at the going price of silver for 1 oz, then as silver increased in price, the coin would be revalued to the higher amount, never to go down again, forcing the price of silver up over time, and acting as an incentive for citizens to save in silver. It would be a good way to get people to use silver as money again.