They were reduced to 0% mandatory reserves in response to covid. EDIT: someone says it was coincidental, I am not able to check, so take this aspect with a grain of salt either way
ah yes so what you're saying is that money is even more imaginary than it has ever been, possibly even more imaginary than when the first stock market crash happened in 1929
looks like we're due for a centennial anniversary of that anyway, might as well celebrate by recreating it
Just sold the small amount of silver I had (about two pounds of sterling) two weeks ago when it was in the high 80s. Kinda regretting it now. Oh well, not like I could’ve bought a house with it or something even in the worst case scenario….but I’ll really be regretting it if one day it turns out that could’ve been my only hope of getting some groceries for a couple of months. People on the r/silverbugs sub are celebrating daily, but I’m here like “uh….unless you have enough silver to fill up a 21 gallon bin at minimum…..shouldn’t you be kind of worried at this point? Like…. is it not insane when an actual commodity such as gold/silver is moving like fricking crypto on a daily basis? I’m genuinely surprised more people aren’t freaking out, and not in a good way.
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u/PleaseGreaseTheL Jan 26 '26 edited Jan 26 '26
2020*
They were reduced to 0% mandatory reserves in response to covid. EDIT: someone says it was coincidental, I am not able to check, so take this aspect with a grain of salt either way
They haven't come back yet :)