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Fiery
Sword of Fire


Registered: 12/24/12
Posts: 36,574
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Re: Stack Gold and Silver NOW, Shroomies [Re: Asante]
#27514558 - 10/23/21 12:58 AM (2 years, 3 months ago) |
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Quote:
Asante said:
You're gonna get f cked holding silver.
They wont do that with gold, because its a bigger market and all the central banks are hedged in it.
I have been reading a lot of stuff recently that silver is going to run out in a few years( because of the massive industrial use in solar and electric cars) - thus driving the price up DESPITE the obvious manipulation of the price by giant banks and hedges.
Silver is like $24 an ounce right now " ON PAPER" but go try to buy it for that .. Lol. People are charging $8 above spot price for eagles and krugerands and like $4 above spot price for generic ounces. And that's STILL a bargain. I wish I had some more money to invest.
I just don't see how people can get f cked with silver? And not gold?
It makes more sense that silver might DOUBLE in price but gold might only go up 10%? I don't know-- just speculating-- but please explain how silver will screw someone over?
I mean in a panic situation- GOLD is not going to be worth anything either.... I'd happily take a gallon of water and a can of food over gold ... because what can I even do with the gold? Same with silver.
in a panic situation where the order of law collapses, gold and silver will be worthless compared to bullets, food, water, medicine, etc.
And from the way it looks-before TOTAL collapse silver has a much higher potential to have massive percent gains versus gold...
Please explain what you mean!
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Asante
Mage


Registered: 02/06/02
Posts: 86,794
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Re: Stack Gold and Silver NOW, Shroomies [Re: Fiery] 1
#27514619 - 10/23/21 03:00 AM (2 years, 3 months ago) |
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Silver is being made the total bitch of the market manipulators,its worlth several times what it fetches now, and has fetched for well over a decade.
You'll still get 5 cents for silver even if its actual value is $100.
They cant do this with gold because gold is something all major players use to hedge their investments in.
Gold has that role, the white metals dont.
Also, remember palladium.
Palladium dipped low years back, and all bullion dealers pretended they were out, but when the price rose, the EXACT SAME INVENTORY materialized again.
Don't you think that if silver shoots from $20 to #120 in a day, that all the bullion dealers will be selling and none would be buying until the spike is over?
They can;t stop gold, but silver is a 2 billion dollar bitch.
That promise that one day soon Silver would be worth tons is around for 15 years.
In fact, when I was a kid my mom taught me how to separate out the remaining silver coins from the cash "because one day they will be worth a fortune".
Its worth a fortune now but the only one getting it is the paper silver market.
Silver let me down 
When I was a kid I followed in the newspaper the proces of gold and silver.
Silver and gold were, in dollars: $8.63/oz and $276.70/oz (june 1979) Where are they now? $26/oz and $1860 (june 2021)
Silver up 3x and gold up 6.7x in 42 years
Who wins silver, who wins gold?
-------------------- Omnicyclion.org higher knowledge starts here
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Fiery
Sword of Fire


Registered: 12/24/12
Posts: 36,574
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Re: Stack Gold and Silver NOW, Shroomies [Re: Asante]
#27514867 - 10/23/21 10:29 AM (2 years, 3 months ago) |
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I totally get what you're saying- Thanks for taking the time to explain your view
Personally I feel like the manipulation of the price of silver CAN NOT last forever, and it might be really close to being broken( like 5 years maybe?)
IF/when the manipulation of the price of silver finally fades--- the price will skyrocket.
Gold can't really do that( not that fast at least). Gold will keep going up and potentially even much higher, but it doesn't have the breakout potential like silver does( in my opinion).
I TOTALLY get what you mean about silver letting you down. It's been crazy. Like back in 2012 when it went up to almost $50 and then back down to $20 . And how it's sitting at like $25 right now when it's really worth much more.
I just hope you choose to hold on to at least SOME silver- incase this joke of a market ever breaks free. --- And my side of things is that it WILL break free from these giant banks manipulation . WHY?
Because the manipulators can not stop supply and demand. When the supply of available silver runs low, NOTHING( that I can see) can stop the price breakout--- because they need the actual physical metal to make the solar panels.
Worst case scenario- silver can be melted down into bullets to kill vampires and warewolves. 
Does anyone agree with my opinion that when physical silver supply runs low for the manufacture of goods, that the manipulators won't be able to hold the price low anymore?
Also- Quote:
Don't you think that if silver shoots from $20 to #120 in a day, that all the bullion dealers will be selling and none would be buying until the spike is over?
The guy here- when silver rose to $50 an ounce and people were lined up out the door to sell was still buying. And he was still selling when it dropped to $20. Because he buys below spot and sells above. So regardless of the price he was still making money even with the crazy dips/highs. But I get what you're saying about the palladium thing.
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geokills
∙∙∙∙☼ º¿° ☼∙∙∙∙


Registered: 05/08/01
Posts: 23,417
Loc: city of angels
Last seen: 5 minutes, 36 seconds
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Re: Stack Gold and Silver NOW, Shroomies [Re: Fiery]
#27514945 - 10/23/21 11:18 AM (2 years, 3 months ago) |
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I like to hold some silver mostly because of the cool stamps on my coins...
. 
Although the gold I have has performed reasonably well (most of it purchased between $450-$600), and I also scored a good lot of palladium around $700, silver has gone no where... worse yet, it takes up a ridiculous amount of space. For my purposes, silver just won't cut it.
PS. You want an inflationary hedge? Take note of what is happening in the market with crypto. Look at a bitcoin chart vs gold and tell me which appears more attractive? Then consider that bitcoin is still a fraction of gold's market capitalization. The writing is on the wall folks, and has been for quite some time. Precious metals are fine, but a relatively antiquated and comparatively difficult to secure asset class.
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-------------------- ┼ ··∙ long live the shroomery ∙·· ┼ ...╬π╥ ╥π╬...
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filthyknees
no coincidence


Registered: 03/08/13
Posts: 6,283
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Re: Stack Gold and Silver NOW, Shroomies [Re: geokills]
#27515273 - 10/23/21 03:04 PM (2 years, 3 months ago) |
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Yeah I was thinking same . With huge institutions going into crypto .. gold and silver seems like a bad investment relatively .
Key word relatively. I'd like to hear your thoughts that good or silver is a better investment but I do not see that AT ALL.
Seems actually like you'd be severely limiting your gains by taking the 'safe' route = little reward.
Just echoing geos sentiment. I'm at like a zero percent excitement for gold and silver but you seem to be just fucking nuts for it so ... What am I missing that makes it so much better than other investment.
For example I just doubled my money over 4.5 months with crypto, would I have made more with gold and silver?
Or is the thinking largly betting that crypto will just fail even though there's billions in it and it's steady growing as I mentioned with huge huge investors. Even Robert Kowasaki or however you spell his name and turned around on this topic majorly.
-------------------- But if you're in a hurry, and really got to go If you're in a hurry, might have to find out slow That it's one thing to try and another to fly You get there quicker just a step at a time It's one thing to bark, another to bite The show ain't over till you pack up at night
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Asante
Mage


Registered: 02/06/02
Posts: 86,794
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Re: Stack Gold and Silver NOW, Shroomies [Re: geokills]
#27515533 - 10/23/21 07:07 PM (2 years, 3 months ago) |
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Quote:
geokills said: I like to hold some silver mostly because of the cool stamps on my coins...
. 
Although the gold I have has performed reasonably well (most of it purchased between $450-$600), and I also scored a good lot of palladium around $700, silver has gone no where... worse yet, it takes up a ridiculous amount of space. For my purposes, silver just won't cut it.
PS. You want an inflationary hedge? Take note of what is happening in the market with crypto. Look at a bitcoin chart vs gold and tell me which appears more attractive? Then consider that bitcoin is still a fraction of gold's market capitalization. The writing is on the wall folks, and has been for quite some time. Precious metals are fine, but a relatively antiquated and comparatively difficult to secure asset class.
At your own risk of course, but if you put a teaspoon of baking soda or salt in a dish of water, one layer of aluminium foil on the bottom, a layer of kitchen paper on top and submerged on that your oxidized silver, you'll get galvanic action overnight what reduces the oxidized silver back to silver metal (at the expense of the aluminium foil) and you got shiny coins in the morning.
As I see it, a viable strategy in this time is to make money in crypto, which is volatile, and stash it in gold, which is very stable, increasing 8% on average each year as long as I live.
Crypto's you're stock market and gold's your savings account.
Gold is not outdated, it just isn't about making profit, its about correcting for genuine inflation.
Its safer in these times to have your fiat holdings as gold on a bullion bank, instead of as fiat in the international banking system. I strongly anticipate the financial system crashing suddenly and briefly. That moment will be an opportunity for those who planned ahead and ruin for those who didnt.
-------------------- Omnicyclion.org higher knowledge starts here
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Asante
Mage


Registered: 02/06/02
Posts: 86,794
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Re: Stack Gold and Silver NOW, Shroomies [Re: filthyknees]
#27515538 - 10/23/21 07:13 PM (2 years, 3 months ago) |
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Quote:
filthyknees said: For example I just doubled my money over 4.5 months with crypto, would I have made more with gold and silver?
There was a gold train riding on the Shroomery from about 2006-2015 and those on it multiplied their money. The big thing crypto is now, gold was then.
Quote:
For example I just doubled my money over 4.5 months with crypto, would I have made more with gold and silver?
I increased my invested sum 10x in 2 months with crypto at the big boom. That doesn't negate the fact that gold isnt about making money but about keeping it.
-------------------- Omnicyclion.org higher knowledge starts here
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Fiery
Sword of Fire


Registered: 12/24/12
Posts: 36,574
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Re: Stack Gold and Silver NOW, Shroomies [Re: Asante]
#27515565 - 10/23/21 07:46 PM (2 years, 3 months ago) |
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Quote:
As I see it, a viable strategy in this time is to make money in crypto, which is volatile, and stash it in gold, which is very stable, increasing 8% on average each year as long as I live.
Crypto's you're stock market and gold's your savings account.
Gold is not outdated, it just isn't about making profit, its about correcting for genuine inflation.
For us poor people of the world, the lower class, the "untouchables" who work the jobs no one wants to do and also are aware of this fact- silver is decent.
Crypto is untouchable for so many of the world , and is so reliant on technology and power- so while those giant who "got in on it" are getting rich, the richness of their soul could be questioned in some cases of giant powers .....
That's what every rich person says: is that they are SO RICH all they want to do again is be poor, and have value in everyday interactions and purpose.
What I am seeing here is the rich are getting mad fat richer, but only those who "spend it wisely" will inherit the earth. Because there are the rich and the poor, and the few amoung us who perceive will know the true value of things like water- food- and swords.
War will be swift and magnificent in most cases but a real life walking dead could be "upon us".... I can't believe more are not ready , and if you talk about the coming doom you are are theorist.
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Asante
Mage


Registered: 02/06/02
Posts: 86,794
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Re: Stack Gold and Silver NOW, Shroomies [Re: Fiery]
#27515818 - 10/24/21 02:49 AM (2 years, 3 months ago) |
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Quote:
For us poor people of the world, the lower class, the "untouchables" who work the jobs no one wants to do and also are aware of this fact- silver is decent.
I'm part of the world's poor, to local standards, yet I go for gold. Go for the best. Go for the King of metals, not the Jack 
Quote:
Crypto is untouchable for so many of the world
Is it now? Youths all over Africa are adopting crypto trading as a means to supplement income and to hedge their IRL national shitcoin against a crypto.
When there is hyperinflation, people trade goods and services for minute slivers of native gold.
How to trade cryptocurrencies from Cameroon
How to trade bitcoin in the DRC Congo
Africa Cryptocurrency - a FB group with 10K members
Crypto is very much for the people. These are often people a bank wont cater to, pushing modest sums aound on Binance.
Crypto investing can be done for as little as a few dollars.
It doesnt take rocket science either, if all else fails, Bitcoin is like the S&P 500 of crypto, if at ant time you put a few dollars on it with a sell order for a 10% higher price, at some point that sell order is going to trigger and you got 10% return on your investment. That can very well be the next day, but probably within a year. Where do you get 10% interest?
-------------------- Omnicyclion.org higher knowledge starts here
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CrackingTheCode
Miss The Donald yet?


Registered: 04/15/16
Posts: 138
Last seen: 1 year, 10 months
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Re: Stack Gold and Silver NOW, Shroomies [Re: Asante]
#27516969 - 10/25/21 01:07 AM (2 years, 3 months ago) |
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It's interesting to me I found this thread in a Google search while looking to see if placing a silver 1oz bar inside my pf jar pre sterilization stage would help my shroomies grow or if the silvers antimicrobial nature would hurt it.
anyhow, I will just say that late 2019 I began to feel a very strong urge to buy silver. "now is the time" sort of feeling that I couldn't resist and prayed God give me the means.
God tempoarily increased my income over 4x in 2020 over 2019 and 60% of my gross went into silver bars and coins. rest paid off debt and taxes.
This is the arc for my family and extended family.
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Loaded Shaman
Psychophysiologist



Registered: 03/02/15
Posts: 8,006
Loc: Now O'Clock
Last seen: 27 days, 18 hours
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Re: Stack Gold and Silver NOW, Shroomies [Re: filthyknees]
#27516976 - 10/25/21 01:16 AM (2 years, 3 months ago) |
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Holy SHIT you guys are incredibly naive.
I just received a down payment on a mortgage, paid in collateral entirely with gold and silver bars.
When I pay the loan back I get my silver and gold back and I'll have a house.
Enjoy your expedited decline with cash and crypto/CBDC.
--------------------
  "Real knowledge is to know the extent of one’s ignorance." — Confucius
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trees


Registered: 02/08/09
Posts: 9,194
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Re: Stack Gold and Silver NOW, Shroomies [Re: Loaded Shaman]
#27517660 - 10/25/21 03:21 PM (2 years, 3 months ago) |
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I dont get why that is so good? Having to use collateral is less ideal than getting the loan on credit imo. I guess you might get a lower interest rate. But gotta admit the gold n silver could have gone into crypto a few months ago for a 6-10x in several projects by now to possibly cover a house in cash mortage free
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ManianFH
living in perverty



Registered: 07/06/04
Posts: 14,741
Last seen: 15 hours, 12 minutes
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Re: Stack Gold and Silver NOW, Shroomies [Re: trees] 1
#27518201 - 10/25/21 11:26 PM (2 years, 3 months ago) |
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Still sitting on my 220 oz of silver. I remember holding 5k cash in my hands in 2013, and looking at the BTC road, and the Silver road.
Choose the road less traveled
-------------------- notapillow said: "you are going about this endeavor all wrong. clear your mind of useless fear and concern. buy the ticket, take the ride, and all that.... " ChrisWho said: "It's all about the journey, not the destination."
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BuiltToLast
Stranger than most

Registered: 10/09/21
Posts: 12
Loc: New England, USA
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Re: Stack Gold and Silver NOW, Shroomies [Re: Loaded Shaman]
#27523655 - 10/30/21 05:41 AM (2 years, 2 months ago) |
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Where can you buy $100,000 of gold? You buy it and actually physically hold it right?
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geokills
∙∙∙∙☼ º¿° ☼∙∙∙∙


Registered: 05/08/01
Posts: 23,417
Loc: city of angels
Last seen: 5 minutes, 36 seconds
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Re: Stack Gold and Silver NOW, Shroomies [Re: BuiltToLast] 1
#27524203 - 10/30/21 02:35 PM (2 years, 2 months ago) |
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https://apmex.com has historically been where I have bought bullion. If you don't want to take physical possession of the stuff, you can buy the GLD exchange traded fund, but since gold is kinda the go to investment for potentially catastrophic crisis, most "gold bugs" would frown upon holding "paper" gold via the ETF.
--------------------
-------------------- ┼ ··∙ long live the shroomery ∙·· ┼ ...╬π╥ ╥π╬...
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Fiery
Sword of Fire


Registered: 12/24/12
Posts: 36,574
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Re: Stack Gold and Silver NOW, Shroomies [Re: geokills]
#27524286 - 10/30/21 03:42 PM (2 years, 2 months ago) |
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Sorry guys I haven't been keeping up with this thread...But silver is still being held down.
I just read an article about JP morgan getting sued and loosing the case for "spoofing " the price of silver to falsly keep it down and they've already lsot 2 lawsuits and paid out hundreds of millions.
So that's 100% proof that when those powers that are holding silver down let go- it's going to skyrocket.
It's coming folks.

Yes. Apmex is well known. Myself and many others have ordered there.
But personally. I would find a local dealer that will sell you the gold for cash in a transaction that's not traceable.
This way it's 100% an asset that is not on record - you probably won't be able to but 100,000 all at once, but easily 10-20k
Also, you don't have to wait/chance the shipping AND you might even get a better price.
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bio_alchemist
Shroom Operator




Registered: 03/21/18
Posts: 589
Loc: Florida
Last seen: 5 days, 19 hours
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Re: Stack Gold and Silver NOW, Shroomies [Re: Fiery]
#27525174 - 10/31/21 10:00 AM (2 years, 2 months ago) |
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I have found monarchpreciousmetals.com to have the best prices on fine silver Bars and coins. Been using them for a decade. Pay with Money Order for best price.

Gold bars I always find cheaper for cash in person. Especially if you can find bars out of their assay card.
-------------------- vVvVv I Buy and Sell MONERO! USD for XMR vVvVv
Check out my Monero Guide to Economic Freedom!!!
Edited by bio_alchemist (10/31/21 10:12 AM)
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Asante
Mage


Registered: 02/06/02
Posts: 86,794
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Re: Stack Gold and Silver NOW, Shroomies [Re: BuiltToLast]
#27525242 - 10/31/21 11:13 AM (2 years, 2 months ago) |
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Quote:
BuiltToLast said: Where can you buy $100,000 of gold? You buy it and actually physically hold it right?
$100,000 in gold is not a big deal. The standard bullion coin is 1 ounce and $100K is, 53 coins, , or 5 ten-ounce bars and three coins. Heavy, but it would fit in your coat pocket.
-------------------- Omnicyclion.org higher knowledge starts here
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