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Nymphaea
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Re: Silver - the most concentrated short of any commodity [Re: Gorlax]
#27887619 - 08/03/22 02:36 AM (1 year, 5 months ago) |
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Quote:
Gorlax said: Yeah that is a good way to do it. Divert a set amount each month and just pick some up each time. Having silver is much better then not having silver lol
Completely agreed 👍
I wandered into the money matters forum about ready to make a silver post but saw this and breathed a sigh of relief.
Physical silver, in whatever shape, form, or amount is a buy right now. With the way currencies are going around the world I don't see why someone could hate silver enough to not pick at least some up...
It's a dirt cheap investment that offers you protection you won't find in many other ways.
Like Asante said: this forum kicks ass
I should have posted more about bitcoin around here years ago and maybe gotten someone on board...I didn't have any but the idea fascinated me and was something right up our alley.
Silver is a nice play right now tho imo.
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Plant Trees
Edited by Nymphaea (08/03/22 03:03 AM)
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Nymphaea
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Re: Silver - the most concentrated short of any commodity [Re: Forrester]
#27890509 - 08/04/22 10:46 PM (1 year, 5 months ago) |
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I like Hero Bullion
Check the deals section for the good prices
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Plant Trees
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Nymphaea
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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.
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Plant Trees
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Nymphaea
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Re: Silver - the most concentrated short of any commodity [Re: gopher]
#27902132 - 08/13/22 03:39 PM (1 year, 5 months ago) |
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I can't wait to buy more. I'm addicted!!!!
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Plant Trees
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Nymphaea
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Re: Silver - the most concentrated short of any commodity [Re: ManianFH]
#27906831 - 08/17/22 02:15 PM (1 year, 5 months ago) |
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I think there is a relatively untapped market...if you could do it a little cheaper.
Greatful dead rounds, string cheese rounds, shroomery rounds, mushroom rounds, sts9 rounds etc.
You just have to run a small business and make sure people understand and know they are one of a kind rounds. Someone might pay $50 for a grateful dead round pretty easily in some situations I imagine....but whatever you are doing you would kinda want them to be limited.
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Plant Trees
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Nymphaea
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Re: Silver - the most concentrated short of any commodity [Re: gopher]
#27953736 - 09/16/22 09:34 PM (1 year, 4 months ago) |
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Quote:
gopher said: I'm very happy with my 10 shares of PSLV
Supossedy if you get 10k ounces worth you can have it shipped to your door, if you have a business address, and you pay for security
Dang, that's a lot of ounces...but a good price on them at least.
I'm so torn between saving up cash for a vehicle which I'm really starting to need (I have none right now and take the bus to work) or just trying to keep buying up the silver while it's still under $20. Choices choices.
I think I really need to take a break and just save the cash for my sanity so I can get a van and go south to take a break from work and Michigan winters...but it seems like I could be losing out on quite an awesome buying opportunity if I stop the big silver purchases over the next couple months.
When the comex refistered hits 39 million ounces I'll have to at least buy something before it drops under 30...
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Plant Trees
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Nymphaea
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Re: Silver - the most concentrated short of any commodity [Re: goobalito]
#28035695 - 11/05/22 10:41 PM (1 year, 2 months ago) |
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Quote:
goobalito said: 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.
It sounds like you've done really well yourself for a little guy in the market overall.
Since covid the market is completely unhinged but if you're holding on you're probably gonna get paid...
... the Eagles are not the buy right now imo.
I'll probably always be holding for a long time. I would rather not sell for another 20+ years. If it ever crashes down to lower prices I'm just gonna feel rich as he'll buying it all up and if it goes up to $50 and then falls back down I'm not gonna feel like I missed that big of an opportunity to sell unlessnI had a lot more than I currently do.
I don't have much but I've only been at it a year. Glad I found this enriching addiction though cause I can finally feel rich and I can finally feel safe saving money.
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Nymphaea
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Re: Silver - the most concentrated short of any commodity [Re: tomnl]
#28060833 - 11/19/22 10:01 PM (1 year, 2 months ago) |
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If the stock market starts crashing hard in 2023 and there's a massive sell-off it could drive silver lower but I'm speculating that the physical price per ounce can't get lower than $20/oz...even if the paper price dips below $15. I imagine there's some kinda floor under the physical price at this point with all the people who've bought in massively over the last year....people just can't afford to take massive losses on it like that even if they were out of a job...
...you would have to see some REAL desperation for people to consider selling physical for under $20 at this point and even then they would probably be trying to TRADE it by that point and it would start functioning more as a currency...
...I mean, it's possible that it dips lower but if the recession gets that bad they are bound to start sending out more shimmy checks at some point...unless they decide enough is enough with the money printing (but we can probably agree that won't happen). Temporarily things could get bad enough for people to have to liquidate simultaneously with no one having any cash to buy up what's being liquidated...will people choose to hold a silver stack that's down only 20% or hold all their stocks when they are down 50%? I guess it depends on the outlook of things. Seems like any smart money that's around will want to scoop the deals on precious metals over some of the other assets (they already are scooping gold at the banks of that tells you anything about where the precious metals should be expected to be heading).
I'm not sure what will happen of things get real bad...there may be a brief window where things really slow down financially before they either start actually breaking or they start printing like crazy...if things break it might be a tough beginning to try to trade precious metals for goods, although community may suprise us with it's unity in crisis...and if they try and print their way out of it you'll see the metals rise way up and the currencies will all start falling pretty hard and a new currency Era would likely have to begin...
...it's all going to depend on timing I believe...when will the BRICS nations new currency come online and will it be succesful? And how will that coincide with other events? Will the stock market and the jobs market truly start falling apart or just start seeing a gradual decline before finding an actual bottom?
It's tough to speculate on silver or the dollar right now but I think it's important to have both. I think it's becoming important to mix in a little gold to...
...I have a feeling crypto will be in a bear market for a little while longer at least...some may make some money speculating on bitcoin at this point to make one more run but even etherium could have a tough road ahead of it to survive and thrive over the next 10-20 years.
I think everyone should be mixing in nickels into their stack if they are in the u.s. (no big risk there) and making sure to stock up a some copper.
Not enough could be said for basic essentials at this point like food, water, and ways to stay warm and healthy. Heck even keeping a gas can or two ready to go in the garage...doesn't hurt that much if you have to simply add it to your tank in a couple months and go fill it up woth some fresh stuff...but could be quite a life saver!
Stay prepared, stay healthy, and stay happy.
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Plant Trees
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Nymphaea
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Re: Silver - the most concentrated short of any commodity [Re: gopher]
#28080168 - 12/02/22 06:43 PM (1 year, 1 month ago) |
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gopher said: Around 253 he talks about quanitative easing producing fake money, canadian reddits get touchy when I say that, they link a news article based off a twitter post by the bank of canada that says "we do not print money, we just bought bonds thats what QE is"
But I dont trust it, if they weren't printing money his would it.be possible for inflation
Yea they just "buy bonds" with money they create...idk about the bank of Canada but the Federal Reserve just creates money and lends it out to other banks or the U.S. government through bonds and such.
Money does get "created" - That's why the money supply increases and That's why there is inflation ultimately. Somebody had the authority to create it somewhere and it's those central banks pretty much.
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Nymphaea
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Re: Silver - the most concentrated short of any commodity [Re: pugster] 1
#28091581 - 12/10/22 09:37 AM (1 year, 1 month ago) |
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Quote:
pugster said: are people buying silver coins because they are coin collectors? - unless you are trading large amounts of silver its pretty useless trying to buy silver coin as an investment , silver is cheap and most coin designs are minted in their millions. if you are going to buy silver as an investment gamble buy at auction and pay no more the scrap/spot price (unless its something very rare )
Times have changed...the physical silver market doesn't work that way any longer...
Today if I walked into any coin shop in my city to sell my silver they would offer me MORE than scrap/spot.
The only time you find it as scrap/spot price or lower is once in a while at estate sales/garage sales and thrift stores and that's just because they don't know what they have...but then it's usually sterling and odd-weighted.
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Plant Trees
Edited by Nymphaea (12/10/22 09:38 AM)
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Nymphaea
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Re: Silver - the most concentrated short of any commodity [Re: gopher]
#28148180 - 01/19/23 09:55 PM (1 year, 8 days ago) |
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Just keep stacking just keep stacking 
Stack up food and water as well tho.
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Nymphaea
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Re: Silver - the most concentrated short of any commodity [Re: gopher]
#28204254 - 02/25/23 02:49 PM (10 months, 26 days ago) |
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Food is a good option if you have a little space for it and don't mind some bland food. Oatmeal, rice, etc.
You end up saving a decent % of $$$ the next year(s) if you buy now and I fashion keeps up.
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Plant Trees
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