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gopher
Coffee Bean Extraordinaire



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Re: Silver - the most concentrated short of any commodity [Re: Asante] 3
#27933659 - 09/04/22 01:13 PM (1 year, 4 months ago) |
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My eBay peice came, this is a special peice for me, my great grandfather gave it to my mom before he died, and we had it in our apartment which it got stolen from in 2005
So I bought a new one off eBay for a bit of a premium, but it is considered a vintage peice
-------------------- For most of the normies out there, an operating system is just a bootloader for Google Chrome. Since Disney has obtained tremendous value from the public domain, knows how important the public domain is, and is firmly determined to never contribute anything to it. My pronouns are He and Him, and my adjectives are Fat and Jazzy
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ManianFH
living in perverty



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Re: Silver - the most concentrated short of any commodity [Re: gopher] 3
#28313502 - 05/09/23 10:45 PM (8 months, 15 days ago) |
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My kiddo lost her first tooth and the fairy exchanged it for a .9999 Canadian Maple. She took it right outta my retirement stash but guess there’s quite a few to spare 
How many teeth do kids lose again? Might need to visit Apmex
-------------------- 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."
Edited by ManianFH (05/09/23 10:46 PM)
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Forrester
aspiring sociopath


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Re: Silver - the most concentrated short of any commodity [Re: Fiery] 2
#27851455 - 07/06/22 03:22 AM (1 year, 6 months ago) |
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Im hoping enthusiastically and think you may be right about actual physical silver breaking free of it's false manipulation...
-------------------- Repugnant is a creature who would squander the ability to lift an eye to heaven, conscious of his fleeting time here. ------------------- Have some medicinal mushrooms and want to get the most out of them? Try this double extraction method.
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Forrester
aspiring sociopath


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Re: Silver - the most concentrated short of any commodity [Re: Asante] 2
#27870387 - 07/20/22 01:48 PM (1 year, 6 months ago) |
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Check out this 6oz round I got, kinda cool...
Eagle for scale.

-------------------- Repugnant is a creature who would squander the ability to lift an eye to heaven, conscious of his fleeting time here. ------------------- Have some medicinal mushrooms and want to get the most out of them? Try this double extraction method.
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Tulipslave
Homo sapiens sapiens, lol

Registered: 07/25/17
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Re: Silver - the most concentrated short of any commodity [Re: Fiery] 2
#27880179 - 07/28/22 08:39 AM (1 year, 5 months ago) |
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Silver and gold are both moving hard this morning!!
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gopher
Coffee Bean Extraordinaire



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Re: Silver - the most concentrated short of any commodity [Re: Nymphaea] 2
#27891781 - 08/05/22 08:15 PM (1 year, 5 months ago) |
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MY First two oz silver arrived, I got 2 maple leafs which are 1oz each and they are $5 legal tender in canada
The cheapest gold I saw was a very tiny coin for $160, so maybe l get that next tine
-------------------- For most of the normies out there, an operating system is just a bootloader for Google Chrome. Since Disney has obtained tremendous value from the public domain, knows how important the public domain is, and is firmly determined to never contribute anything to it. My pronouns are He and Him, and my adjectives are Fat and Jazzy
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Nymphaea
Money-less Wanderer



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Re: Silver - the most concentrated short of any commodity [Re: gopher] 2
#27891812 - 08/05/22 08:38 PM (1 year, 5 months ago) |
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Quote:
gopher said: MY First two oz silver arrived, I got 2 maple leafs which are 1oz each and they are $5 legal tender in canada
The cheapest gold I saw was a very tiny coin for $160, so maybe l get that next tine
Nice!
I love Maple Leaves but they are more expensive than generic rounds or other sovereign coins but it doesn't matter too much when you're only buying a couple.
I'm liking South African Krugerands, Britania's, and Philharmonics more and more lately.
I don't know what size gold coin would be $160 right now but I'm guessing you should try to get at least a 1/10th oz coin if you are already planning on spending at least $160 on gold...it would be a little more but you would probably be getting a better deal.
...the premiums on the really small pieces of gold can be high but having a little isn't a bad idea, especially while the prices are still below 1800/oz.
I sold two 5oz bars today to a really good friend because the one time she saves money is when she puts it in silver...otherwise it all gets spent
...but the silver I've gotten for her and that she's gotten herself she never sells so it's my way of getting her to save money.
I lost about $40 on the sale but I have enough already and it's going to a good friend so I figure spreading the love and security around will (hopefully) be better in the end...if she hits a really rough patch someday at least she'll have some silver and I got $200 bucks back in my pocket that I kinda, sorta need right now.
I recomend buying and selling from people you know for the most part...
...when it comes to selling it...attempting to sell at least some to non-dealers will boost your profits or minimize your losses...
I've made a handful of sales in the one year I've been stacking silver but I always HATE selling it! Lol
I probably made about as much as I lost on sales so it's all good. Still got my stack.
--------------------
Plant Trees
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Forrester
aspiring sociopath


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Re: Silver - the most concentrated short of any commodity [Re: gopher] 2
#27999064 - 10/14/22 04:58 PM (1 year, 3 months ago) |
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Quote:
gopher said: I think you guys are over reacting, I'm buying a $99 coin not one of thier $500 coins, I'm only losing out on 2 ounces, November I only have $100 so I'll buy the silver penny, then I'm going to work on getting some gold for Christmas
We're not overreacting, just trying to remind you that when shit hits the fan that pretty collectible you paid 3x spot (or whatever) for isn't going to be worth any extra in trade than a generic round.
But if having real non paper inflation proof value isn't your goal, and you prefer to just collect what you like, then by all means do that!
-------------------- Repugnant is a creature who would squander the ability to lift an eye to heaven, conscious of his fleeting time here. ------------------- Have some medicinal mushrooms and want to get the most out of them? Try this double extraction method.
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goobalito
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Re: Silver - the most concentrated short of any commodity [Re: gopher] 2
#28028508 - 11/01/22 07:25 PM (1 year, 2 months ago) |
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I’ve bought and sold silver since I was fresh out of highschool. My wingnut of a grandfather always bought an ounce for my birthday and by the time I was 18 I had….18 ounces of bu silver. Silver prices back then were around $4 an ounce. Silver eagles were $21 and seemed to stay that way for a long time. In 1993, I bought my first bulk purchase of bu silver bars from silvertown. I think I bought 100 ounces. I had to sell some stuff to buy as much as I could. In 1998 silver prices went through the roof and I sold half within a year it was back down to normal and I spent my profit on more. The years go buy and I’m buying eagles for my boys birthdays and Xmas and whatnot and I’d buy some bullion if it came to me at the right price. I told myself I’d sell some if it got back up to 8. In 2003, i went through a divorce and had to sell some for to live. 2006 is recovered and started buying all I could afford by then it was waffling around 4-6. I think it was in 1998-99 whe. It shot up to almost ten and I sold a lot of it at $20. I think it went all the way to $22. There was a shop local that I bought eagles from and whatever bullion that would come through his shop, otherwise it was silvertowne, over an hour from where I live. About a year later the bottom dropped out and I bought all I could afford at 8-9. I got remarried, moved a couple times and didn’t really pay a lot of attention to the market for the next few years. In 2011, China was buying precious metal and silver went through the roof!!!! Sold all I could get anyone to buy, silvertown stopped buying APMEX wouldn’t buy it unless you had several hundred pounds of it. Eventually sold most of it at close to $40 and ounce. Started buying back when it got back down to $13 an ounce. Fast forward to these days. Covid hit and people were panicking and silver got down to 12-13. I called APMEX and was going to buy a bundle of it at those prices. That when I learned spot prices don’t mean shit. Back I. The day spot plus 10% to buy it and spot minus 10% to sell it. The price of doing business. They still wanted $30 for an ounce of bu silver. Eventually I found some to buy but not anything near spot prices. Then the prices went the other way, and then they wouldn’t buy it unless I took a 20% hit on it and sold them more than 500 ounces or something.
All of that to tell you that for the little guys dabbling, they’re going to make sure you don’t do really well. It was so frustrating trying to buy cheap silver or anything else right as the pandemic hit. So from that point in I buy eagles here and there. The crooks run the silver market just like everything else.
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Asante
Mage


Registered: 02/06/02
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Re: Silver - the most concentrated short of any commodity [Re: Gorlax] 2
#28264713 - 04/06/23 07:18 AM (9 months, 18 days ago) |
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Quote:
Gorlax said: Yeah inflation/currency devaluation are absolutely exploding rn
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Fiery
Sword of Fire


Registered: 12/24/12
Posts: 36,574
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Re: Silver - the most concentrated short of any commodity [Re: Asante] 1
#27772835 - 05/11/22 04:08 PM (1 year, 8 months ago) |
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Oh wow... great story! Totally good thinking. But personally I'd keep more than just a kilo just in case silver price does explode, which it must eventually, right?
Quote:
I'm so disgusted by how they rape the price of silver with their fake paper silver scam, 100 more than there is real silver, that that bar sits aside purely to fling into the machine, the few hundred bucks of profit are insignificant.
yes especially when it's been proven and won in actual lawsuits that JP Morgan and others were manipulating the price of silver.
By throw the silver bar, you mean sell it into the market to add to the mayhem, not actually throw it, right?
the use of the greamlin threw me off lol.
Yeah I don't know. I feel like silver will eventually hit $50 but they've been saying that for years...
I actually picked up 10 individual ounces today for $3.65 over spot, bringing it to about $25 per ounce. A decent invest I think... which is great considering all dealers are selling eagles at $10+ over spot, which is insane.
about 2 months ago I stopped by the coin shop, and they were BUYING generic silver rounds for $3 OVER spot. I was shocked. so I sold them 10 ounces for $28/oz.... And today I bought them back for less.
SO in essence my purchase today is another investment and speculation but the silver situation is just absolutely fucked and when the whole thing blows wide open, all that gold you have, and even silver, will become much more valuable( is my prediction)
BTW - random thought, but my Moissanite came in last week and that stuff is absolutely stunning and brilliant so thanks for the help there, we'll have to revive that thread sometime
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Gorlax



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Re: Silver - the most concentrated short of any commodity [Re: Asante] 1
#27776280 - 05/13/22 11:35 PM (1 year, 8 months ago) |
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I'm watching Silver futures heavily the passed year. Right now Silver is around $21.13. It had a marginal break of the support and should have dropped to $17-18 an ounce but it hasn't. It's still holding but my point is the lowest support next is that level ~$17.50. Every time in the past 40 years in a strong price decline the commercial guys always wind up the NET BUYERS and the non-commercial land as the NET SELLERS. Meaning everyone is selling straight into the pockets of the commercial hedges. I found the concentrated long positions were around $12-18 an ounce. I doubt we see prices lower less than $15. They are selling silver like it's not in a shortage. Literally everything is in a shortage right now. Silver has the industrial edge and the precious metal backing. It's been used as coinage since the dawn of time. This is one of the greatest buying opportunities in a lifetime. These guys are so over short right now. This has been going on forever and JP Morgan apparently is the dealer behind the cards. They go short, use price spoofing to manipulate the price down. Then buy it up and go long. This aside there's no getting around supply and demand mixed with geopolitical instability. The dam will break on silver. I'm not saying 300$ but I'm saying this thing isn't priced right.
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Fiery
Sword of Fire


Registered: 12/24/12
Posts: 36,574
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Re: Silver - the most concentrated short of any commodity [Re: Gorlax] 1
#27777389 - 05/14/22 09:15 PM (1 year, 8 months ago) |
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Quote:
Gorlax said: I'm watching Silver futures heavily the passed year. Right now Silver is around $21.13. It had a marginal break of the support and should have dropped to $17-18 an ounce but it hasn't. It's still holding but my point is the lowest support next is that level ~$17.50. Every time in the past 40 years in a strong price decline the commercial guys always wind up the NET BUYERS and the non-commercial land as the NET SELLERS. Meaning everyone is selling straight into the pockets of the commercial hedges. I found the concentrated long positions were around $12-18 an ounce. I doubt we see prices lower less than $15. They are selling silver like it's not in a shortage. Literally everything is in a shortage right now. Silver has the industrial edge and the precious metal backing. It's been used as coinage since the dawn of time. This is one of the greatest buying opportunities in a lifetime. These guys are so over short right now. This has been going on forever and JP Morgan apparently is the dealer behind the cards. They go short, use price spoofing to manipulate the price down. Then buy it up and go long. This aside there's no getting around supply and demand mixed with geopolitical instability. The dam will break on silver. I'm not saying 300$ but I'm saying this thing isn't priced right.
Wow thanks for posting that!
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Fiery
Sword of Fire


Registered: 12/24/12
Posts: 36,574
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Re: Silver - the most concentrated short of any commodity [Re: Asante] 1
#27778871 - 05/15/22 05:40 PM (1 year, 8 months ago) |
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Quote:
Asante said: I hate to rain on your parade, but the premiums on silver are another form of fraud, they are the coin dealers asking highly indecent markups when they sell, even if they sell second hand silver.
But, if you sell, ZERO premium, and if theres a fingerprint on the coin they may use it as an excuse to pay you under spot - then turn right around and sell the same coin at the unacceptAbly high premium.
That too is fucked swindle.
I'm positive there will be great waves in the silver price, but at that point ALL SHOPS STOP BUYING until the price is lower again.
Silver's the Devil Metal, and it shows in every part of the transaction, every part that can be screwed with and twisted up wrong, has been.
I agree about those bad business practices you just mentioned
but...
Let me ask you a question... Have you bought silver physically like going to a coin shop or talking to dealers recently that you have a good relationship with?
This is Inside information Asante!
I know this guy from a coin shop for 15 years( the owner). Been buying a few ounces here and there, not much but checking the market often... I'm no big fish but he treats me fair, he doesn't do the swindling you mentioned.
Even with a good relationship, I happily have been paying more than spot price for silver for YEARS! And been ok with it. It's how the dealers stay in business. But I'm telling you, the spot price for the last 15 years has almost NEVER changed from just one or two dollars over spot for such a long time UNTIL NOW!
The dealers could CARE LESS about what paper silver says. They are going based off the SUPPLIERS- aka the miners and refiners.
I'm telling you Asante from the "front lines" , there's about to be a rude awakening in the paper silver world.
And nothing wallstreet says or does is going to stop the "real" price of silver from actually shining. like it ALREADY is now( jsut the the tip of the iceberg!)
It's not fraud what is going on right now with insane premiums, it's the REAL market! And finally dealers, and miners, and refiners are saying NO to the paper market, and making their own market.
Think on that for real though... coming from the "front lines" of a tiny fish silver stacker who keeps track of prices and premiums for the last 15 years doing both buying and selling.
Edit- ALSO! This shop and others NEVER stopped buying, even when recently silver spiked to like $50 a few years ago.. he was still selling AND buying, as were other dealers... I asked him how he makes money buying silver so high, and he says with the premium margins. So no matter the price, he can still buy and sell for a profit.
THE GREAT SEPARATION FROM PAPER PRICE HAS BEGUN!
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Gorlax



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Re: Silver - the most concentrated short of any commodity [Re: Fiery] 1
#27779631 - 05/15/22 11:58 PM (1 year, 8 months ago) |
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Quote:
SO right here you're talking about paper silver actually being used to move physical silver, correct?
Yeah the spot price of silver is mainly decided by the trading activty on the COMEX.
Quote:
And if so, which way would the physical silver be moving. be moving? I'm assuming out.
The physical has been moving out. Someone believed to be hoarding it or large scale industrial use.
Quote:
Does Comex mean the actual possession of the physical metal right? meaning they have it somewhere? SO in otherwords for physical silver to go down, wouldn't paper silver have to be SELLING physical silver into comex?
Yeah so futures are contracts to buy the silver. Most people buy and sell the contracts and never take delivery of the item. In this case the commodity is silver. When you trade on the COMEX you are trading on paper but the contract has an expiration and by the date you need to either sell the contract or take delivery of the item. They have like 11 comex centers that store for you. Heres a link to that https://ibkr.info/article/3944
That is my basis behind the imbalance in the silver market as one center dictates the spot price. Easily manipulated if you had connections to these exchanges. We just saw it happen with Nickel and the London Metal Exchange.
https://www.cnn.com/2022/04/04/investing/london-metal-exchange-regulators/index.html
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Asante
Mage


Registered: 02/06/02
Posts: 86,794
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Re: Silver - the most concentrated short of any commodity [Re: Gorlax] 1
#27779978 - 05/16/22 08:42 AM (1 year, 8 months ago) |
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Quote:
Gorlax said:
The physical has been moving out. Someone believed to be hoarding it or large scale industrial use.
I bet you dollars to doughnuts that its China, who does this currently with every resource they can get.
China realizes money is worthless and warehouse parks full of industrial raw materials such as rare earth oxides are the real wealth. China fully realizes they can throw worthless paper at people and get goods and services in return and is doing a TON of strategic buying. In gaming terms and in business to OWN is to win.
-------------------- 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: Silver - the most concentrated short of any commodity [Re: Asante] 1
#27780045 - 05/16/22 10:04 AM (1 year, 8 months ago) |
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Quote:
China realizes money is worthless and warehouse parks full of industrial raw materials such as rare earth oxides are the real wealth.
Meanwhile, America is sending hundreds of billions of dollars to foreign nations to fight a proxy war while it's own nation crumbles and other nations are stealing our resources from right out under our feet.
Btw Asante, have you ever been to America? Just curious if you've been in the Netherlands your whole life? I know I used to know this and we've had this conversation before but it was sooo long ago I forget.
On another note:
I did some very hard landscaping garden work on my day off and secured $250 cash so I'm planning to go to the coin shop later and pick up 10 ounces of physical silver.
I know you're upset at silver, and RIGHTFULLY SO... but on the off chance it does go "to the moon" I think it would be a smart investment to have at least a little bit.. I know you said you had a kilo bar, which is pretty cool. that's about 32 ounces I think...
It's just a matter of time until the COMEX can't keep up with CHinas robbery, and contracts will come to be called and then BOOM- silver to the moon. Nothing the manipulators can do about that.
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Gorlax



Registered: 05/06/08
Posts: 6,695
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Re: Silver - the most concentrated short of any commodity [Re: Asante] 1
#27781802 - 05/17/22 03:56 PM (1 year, 8 months ago) |
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if you search silver on shroomery Asante you were calling it before the last boom.
05/03/2007 you posted silver would soar. 14$--->50$
2009-2011 it basically 5x in price
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Asante
Mage


Registered: 02/06/02
Posts: 86,794
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Re: Silver - the most concentrated short of any commodity [Re: Gorlax] 1
#27781829 - 05/17/22 04:17 PM (1 year, 8 months ago) |
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I remember, we called silver and we called gold.
A good number of Shroomerites bought into it and multiplied their pocket money 2-5x
Many newer members dont know this but we used to ride the gold train and the silver train and it was epic, it got a number of shroomerites into more serious investing, the Money Matters forum was born, now its crypto, next is.. whatevers next we will find it early and shine 
There was also serious action here with the legal weed stocks run and there will be when shrooms are legalized. this forum kicks ass
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Gorlax



Registered: 05/06/08
Posts: 6,695
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Re: Silver - the most concentrated short of any commodity [Re: Fiery] 1
#27783563 - 05/18/22 09:08 PM (1 year, 8 months ago) |
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Junk silver is legit. I believe it's the best bang for the buck. If we don't see the end of manipulation we will see Silver rise. It has a lot to do with chart fundamentals and the supply/demand aspect. They have shortages of Aluminum, Palladium, and more. I also heard today that Peru is having a kind of miner revolt. We may start to see some supply issues on paper now!
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