|
Gorlax



Registered: 05/06/08
Posts: 6,695
Last seen: 15 days, 13 hours
|
Silver - the most concentrated short of any commodity
#27771371 - 05/10/22 03:50 PM (1 year, 8 months ago) |
|
|
These articles are pretty mind blowing. How the initial trigger for Bear Sterns collapse was a margin call on 2.5B of COMEX short positions on silver the same day they collapsed.
Quote:
What happened to Bear Stearns was exactly what I had warned the Commodity Futures Trading Commission (CFTC) about continuously for the twenty years before the event. Aside from the manipulative impact that a concentrated market corner would have on price, the biggest risk was what would happen if the largest short ran into trouble. The facts in the case of Bear Stearns indicate that the worst did occur. The biggest short did go under. During the relevant time period, I was in private email contact with CFTC Commissioner Bart Chilton who indicated that the Commission was considering silver matters closely and that there would be a finding published soon. The subsequent CFTC finding was released on May 13, 2008 and completely denied anything was wrong on the short side in COMEX silver due to large traders.
Here’s the problem – the report lied. It conveniently ignored the failure of the largest COMEX gold and silver short seller, by only considering events through Dec 31, 2007 and not through the March 17, 2008 date of Bear Stearns’ failure, a clear lie of omission. How could the CFTC issue a report on large traders on the short side of silver and overlook that the largest short trader of all went under because of that short position? It has taken me some time to see all this in the proper perspective. What I now see is deeply disturbing, but it answers many questions. Even though I petitioned the CFTC about the illegality of the concentrated short position in COMEX silver for decades, they disregarded those warnings. Then Bear Stearns went under for precisely the reasons I warned about. Subsequently, the CFTC kept it quiet and denied all allegations.
Any regulator worthy of the name should have known that a lopsided, large trader mismatch was dangerous on the short side. Having misjudged just how dangerous the situation was, the CFTC and the CME Group put in motion a scheme to save the shorts and punish gold and silver investors. By arranging, with the Federal Reserve Chairman and Treasury Secretary, to have JPMorgan take over Bear Stearns’ silver and gold short positions, the US Government embarked (or continued) on a journey of allowing price manipulation, in stark violation of commodity law.
Since Bear Stearns was a failure that threatened the financial system, it necessarily invited the involvement of the nation’s highest regulators, the Treasury Secretary and the chairman of the Federal Reserve, as the historical record indicates. Both had to be aware of the gold and silver margin problem at Bear Stearns. Additionally, since Bear Stearns was the leading clearing member of the exchange, you can be certain that the CME Group was more than aware. The CME was the one issuing the margin calls to Bear. Also, there is no way that JPMorgan wasn’t aware of Bear Stearns’ gold and silver predicament. Yet none of this was made public.
These facts indicate that everyone at the top had to be aware that excessive gold and silver shorting was at the center of the Bear Stearns fiasco. Since the Feds requested JPMorgan’s assistance, there can be no question that JPMorgan demanded (and received) permanent immunity from future gold and silver allegations. This explains how they have been able to establish market corners in gold and silver today that commodity law prohibits. Had not the U.S. Treasury Secretary, the Fed chairman, the CFTC, and the CME agreed to JPMorgan’s takeover of Bear Stearns’ gold and silver positions, the excessive market concentration and manipulation in these markets could not have continued.
The interference of the U.S. Government in the Bear Stearns affair explains what was previously inexplicable: why the CFTC couldn’t find anything after investigating a silver manipulation for five years, and why the CFTC and CME were deathly quiet in reaction to the giant price smashes in gold and silver, particularly the two 30% price smashes within days in silver in May and September of 2011.
What baffles me today is that no well-known journalist from outside the gold and silver world has yet picked up on what is an easy-to-document story of epic historical proportions. It’s the story of why Bear Stearns went under, and how the gold and silver price manipulation continued since the day JPMorgan took over Bear. I think the story has Pulitzer Prize written all over it.
https://mikesmoneytalks.ca/gold-and-silver-shorts-were-the-real-demise-for-bear-stearns/
Drexel opens massive COMEX silver short position ----> goes bankrupt transfers to--->AIG Trading---->short positions transferred to ---> Bear Sterns --> Bear Sterns collapses (sub prime crisis and margin called on gold/silver) --->JP Morgan buys out Bear Sterns and gains their short COMEX silver short positions
Doesn't look like a good track record!
|
Fiery
Sword of Fire


Registered: 12/24/12
Posts: 36,574
|
Re: Silver - the most concentrated short of any commodity [Re: Gorlax]
#27772062 - 05/10/22 11:26 PM (1 year, 8 months ago) |
|
|
No joke i was JUST about to make a thread about silver. Going to read the article here in a sec, but first my take:
It's vastly UNDER PRICED and being manipulated so very hard right now to keep it falsely low.
And the crazy thing is- let me make this as a time stamp as of today 5/1/2022 -----the premiums on silver put the "real" price at around $30/oz.
You can not buy silver anywhere for $22 lol, yet it's "trading" on paper at that price.
Ok, off to read the article
|
Fiery
Sword of Fire


Registered: 12/24/12
Posts: 36,574
|
Re: Silver - the most concentrated short of any commodity [Re: Gorlax]
#27772066 - 05/10/22 11:34 PM (1 year, 8 months ago) |
|
|
Ok so basically I think it might be a better idea to have some silver on paper as well as physical, since the premiums are so damn high right now. This is not investment advice but it's probably a good time to buy while it's low. Was just looking at AG and SLV and they are at a nice dip... maybe a discount buy?
|
Asante
Mage


Registered: 02/06/02
Posts: 86,794
|
Re: Silver - the most concentrated short of any commodity [Re: Fiery]
#27772823 - 05/11/22 03:51 PM (1 year, 8 months ago) |
|
|
I myself am glad to have relieved myself of almost all my Silver and loaded up on Gold during the faux silver scare.
During the silver scare there was the wildfire rumor that silver was going to be pumped bigtime.
THIS FORUM reported on the day of the scarewhen silver shot up that it was bogus: that members of ours had insider knowledge in that group that it was a hoax.
With links provided I checked it out, and saw it was so.
I realized that silver was going to drop like an industry bar, so when the gold-to-silver ratio was most favorable I turned silver into gold.
Right after, silver plummeted and I walked out with more grams of gold for my silver than I could have had in years before, or since.
In money it wasnt a big difference, but it tilted the gold-silver ratio more favorably.
But.. I got me a nice kilo brick of silver for the sole purpose of adding it to the mayhem on the day the COMEX crashes and burns like paper silver hindenburg. I'm so disgusted by how they rape the price of silver with their fake paper silver scam, 100x more than there is real silver, that that bar sits aside purely to fling into the machine at their worst time, the few hundred bucks of profit are insignificant.
Pure symbolic establishment vandalism, to add to the mayhem because Babylon must fall.
I'll lob my brick when the time comes 
-------------------- Omnicyclion.org higher knowledge starts here
|
Fiery
Sword of Fire


Registered: 12/24/12
Posts: 36,574
|
Re: Silver - the most concentrated short of any commodity [Re: Asante] 1
#27772835 - 05/11/22 04:08 PM (1 year, 8 months ago) |
|
|
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
|
Asante
Mage


Registered: 02/06/02
Posts: 86,794
|
Re: Silver - the most concentrated short of any commodity [Re: Fiery]
#27772966 - 05/11/22 06:04 PM (1 year, 8 months ago) |
|
|
Quote:
Fiery said:
By throw the silver bar, you mean sell it into the market to add to the mayhem, not actually throw it, right?
Totally sell it yes, as a symbolic protest to the injustice.
I notice that interesting things happen when I endorse or disendorse things 
Quote:
Fiery said: 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 
Sounds like a great idea, glad you could find a good stone for a good price.
Moissanite is so beautiful it makes people wear jewelry who never have before.
More than diamond, it throws rainbows everywhere.
When the price drops further, a well cut 1-2 inch moissanite would make an awesome trip toy.
-------------------- Omnicyclion.org higher knowledge starts here
Edited by Asante (05/11/22 06:06 PM)
|
Fiery
Sword of Fire


Registered: 12/24/12
Posts: 36,574
|
Re: Silver - the most concentrated short of any commodity [Re: Asante]
#27772993 - 05/11/22 06:29 PM (1 year, 8 months ago) |
|
|
Oh my goodness you aren't joking about the rainbow magic within the Moissanite
Omg I can't imagine a 1 inch or even 2! what a gem that would be. I suspect it will be a reality soon when the price comes down
I just don't know how long this silver injustice can go on... could be for as long as I live though, which would not be cool because I have invested some in it. But hey... I really can't see it ever going bust unless they learn how to make silver on a mass scale in a Laboratory.
Cryptos and stocks have a much higher change of going bust to zero so I think gold and silver to an extent is a good investment!
|
ManianFH
living in perverty



Registered: 07/06/04
Posts: 14,741
Last seen: 15 hours, 3 minutes
|
Re: Silver - the most concentrated short of any commodity [Re: Fiery]
#27773391 - 05/11/22 11:29 PM (1 year, 8 months ago) |
|
|
It could go on for the entirety of our lives. It could end tomorrow. I’d bet not squarely on, but chips all around the former. Silver is simply a metal and if there was a huge demand for it the price would go up. If the demand for silver is just random people buying to hold forever, I don’t know what that does to drive price up. It needs to be a required component for some new technology or something.
I dunno, my 2c of a guy who has 200+ oz and would have loved to put it into just about any other investment vehicle. But now I, like others here am SPITE holding!!!
-------------------- 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."
|
Asante
Mage


Registered: 02/06/02
Posts: 86,794
|
Re: Silver - the most concentrated short of any commodity [Re: ManianFH]
#27773686 - 05/12/22 09:21 AM (1 year, 8 months ago) |
|
|
Thats what upsets me.
They have made silver about BS and now BS dictates the whole markets. People are perfectly fine with paper silver, and its become just another paper product to have a party with - at the expense of the actual metal.
I think they can BS on for a very long time. When I realized just how great the circus around silver is -that isnt silver- and that the majority have their interest in that paper silver with no link to the mining refining, scacity, appolication, recycling, holding the actual metal -- I wanted out of silver.
Sorry to be pessimistic but the metal itself has next to no chance to shine (except as the most reflective metal) it has become a side show to a main event of paper.
It takes an act of God to give the market such a whirl that the whole pile of paper comes tumbling down.
I think its gonna, but later rather than sooner.
Moissanite is heaven Just like 2C-E isnt a LSD simulant, Moissanite isnt a diamond simulant - it's its own thing, of equal but different merit.
-------------------- Omnicyclion.org higher knowledge starts here
|
Gorlax



Registered: 05/06/08
Posts: 6,695
Last seen: 15 days, 13 hours
|
Re: Silver - the most concentrated short of any commodity [Re: Asante] 1
#27776280 - 05/13/22 11:35 PM (1 year, 8 months ago) |
|
|
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.
|
Asante
Mage


Registered: 02/06/02
Posts: 86,794
|
Re: Silver - the most concentrated short of any commodity [Re: Gorlax]
#27776880 - 05/14/22 12:32 PM (1 year, 8 months ago) |
|
|
Corruption rules the silver market.
-------------------- Omnicyclion.org higher knowledge starts here
|
Gorlax



Registered: 05/06/08
Posts: 6,695
Last seen: 15 days, 13 hours
|
Re: Silver - the most concentrated short of any commodity [Re: Asante]
#27776900 - 05/14/22 12:42 PM (1 year, 8 months ago) |
|
|
Exactly but supply and demand has always unraveled every manipulation in history. It's almost a positive that this is the game. The price declines simply mean BUY at the absolute BOTTOM. Which is 17-18$ imo but could be lower.
Quote:
in 1979, the price for silver (based on the London Fix) jumped from $6.08 per troy ounce ($0.195/g) on January 1, 1979, to a record high of $49.45 per troy ounce ($1.590/g) on January 18, 1980, an increase of 713%, with silver futures reaching an intraday COMEX all-time high of $50.35 per troy ounce and a reduction of the gold/silver ratio down to 1:17.0. On that day, gold also peaked at $850 per troy ounce.[1][2] In the last nine months of 1979, the brothers were estimated to be holding over 100 million troy ounces of silver and several large silver futures contracts.[3]
The brothers were estimated to hold one third of the entire world supply of silver not held by governments. The situation for other prospective purchasers of silver was so dire that on March 26, 1980, the jeweller Tiffany's took out a full page ad in The New York Times, condemning the Hunt Brothers and stating "We think it is unconscionable for anyone to hoard several billion, yes billion, dollars' worth of silver and thus drive the price up so high that others must pay artificially high prices for articles made of silver".[4]
On January 7, 1980, in response to the Hunts' accumulation, the exchange rules regarding leverage were changed; COMEX adopted "Silver Rule 7", which placed heavy restrictions on the purchase of commodities on margin. The Hunt brothers had borrowed heavily to finance their purchases, and, as the price began to fall again, dropping over 50% in just four days, they were unable to meet their obligations, causing panic in the markets. Climax
The Hunt brothers had invested heavily in futures contracts through several brokers, including the brokerage firm Bache Halsey Stuart Shields, later Prudential-Bache Securities and Prudential Securities. When the price of silver dropped below their minimum margin requirement, they were issued a margin call for $100 million. The Hunts were unable to meet the margin call, and, with the brothers facing a potential $1.7 billion loss, the ensuing panic was felt in the financial markets in general, as well as commodities and futures. Many government officials feared that if the Hunts were unable to meet their debts, some large Wall Street brokerage firms and banks might collapse.[5]
To save the situation, a consortium of US banks provided a $1.1 billion line of credit to the brothers which allowed them to pay Bache which, in turn, survived the ordeal. The U.S. Securities and Exchange Commission (SEC) later launched an investigation into the Hunt brothers, who had failed to disclose that they in fact held a 6.5% stake in Bache.[6]
https://en.wikipedia.org/wiki/Silver_Thursday
|
Fiery
Sword of Fire


Registered: 12/24/12
Posts: 36,574
|
Re: Silver - the most concentrated short of any commodity [Re: Gorlax] 1
#27777389 - 05/14/22 09:15 PM (1 year, 8 months ago) |
|
|
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!
|
Fiery
Sword of Fire


Registered: 12/24/12
Posts: 36,574
|
Re: Silver - the most concentrated short of any commodity [Re: Asante]
#27777390 - 05/14/22 09:15 PM (1 year, 8 months ago) |
|
|
Quote:
ManianFH said: It could go on for the entirety of our lives. It could end tomorrow. I’d bet not squarely on, but chips all around the former.
I dunno, my 2c of a guy who has 200+ oz and would have loved to put it into just about any other investment vehicle. But now I, like others here am SPITE holding!!!
Dang what a disaster, and I understand now why Asante would wanna ditch the silver for the gold..
But I am HOLDING OUT!
Another reason is that I cant really afford to drop $2000 on a gold ounce, and to buy a 1/10 ounce coin or one gram bar, I have to pay like 20-25% over spot price premium. That is a terrible amount over actual cost. A one ounce coin might only have a 5% premium over spot, which is acceptable.. but the price tag....
SO that is why silver is the poor mans gold.. Because I might have an extra $200 here or $100 there and I want to invest in something a little more solid than Crypto or stocks, so I'll pick up a few ounces here and there.
I get it.. I may NEVER see a good return on my silver, however, I really don't see there being any possibility of silver EVER going down farther than like $15.. I guess it could happen but that's entirely unlikely.
Especially when the fact that there is going to be major shortages of it in the future do to technology and solar, I don't think I could loose all my money in physical silver... but once again.. could be wrong.
Quote:
Asante said: Thats what upsets me.
They have made silver about BS and now BS dictates the whole markets. People are perfectly fine with paper silver, and its become just another paper product to have a party with - at the expense of the actual metal.
I think they can BS on for a very long time. When I realized just how great the circus around silver is -that isnt silver- and that the majority have their interest in that paper silver with no link to the mining refining, scacity, appolication, recycling, holding the actual metal -- I wanted out of silver.
I get your reasoning... I do... but given what just happened to LUNA, the world sees now that the financial systems are flawed and that there are more rich and powerful people than JP Morgan out there, and when the beast comes down, my opinion is there will be a SEPARATION of the price between silver on paper and actual physical possession of silver.
Think about it.. when the whole world gets behind the fact that the paper market is overinflated stock, and basically a farse, we could see the price of paper silver go to zero, and the price of physical silver go to the moon.
How could that happen? Well, there would be a whole other market that would devolop OUTSIDE of paper silver.
When that first big paper silver billionaire pulled their money out, and put it only into physical, it would be a MAD DASH to own physical, except that the bullion dealers would NOT SELL SILVER at the paper price. They would set their OWN PRICE - and there would be something maybe like a "physical stock exchange" for silver .... and leave the paper market in the dust.
Now I know that sounds maybe farfetched, but in todays world... I can see that happening... it's just going to take enough people getting mad at the current system for them to pull it crashing down and make their own new system.
I mean just look at Crypto. Imagine silver and even Gold and other metals band together and start their own market, outside the hands of the corrupt and greedy paper market!
could that be Possible? I think I might live to see that in this lifetime.. you too!
|
budmanman
OTD Masterbater



Registered: 02/07/07
Posts: 17,974
Loc: PNW
|
Re: Silver - the most concentrated short of any commodity [Re: Fiery]
#27777542 - 05/14/22 11:32 PM (1 year, 8 months ago) |
|
|
I read a small amount of this thread, a word here a word there.
Sounds like silver is a shitcoin.
-------------------- Everything I have ever said is total bogus bs I am full of crud therefore everything I say should never be taken literal. And I am mentally unstable.
|
Asante
Mage


Registered: 02/06/02
Posts: 86,794
|
Re: Silver - the most concentrated short of any commodity [Re: budmanman]
#27777893 - 05/15/22 08:14 AM (1 year, 8 months ago) |
|
|
Quote:
budmanman said:
Sounds like silver is a shitcoin.
The infuriating thing is that silver is divinely ordained money, such as the Dirham, yet the mass fraud and the mass acceptance of that fraud has rendered it, in effect, a shitcoin - and that sickens me spiritually, but it makes complete sense in the symbolics of things.
They turned something that is good and pure into a shitcoin and the people let them.
-------------------- Omnicyclion.org higher knowledge starts here
|
Fiery
Sword of Fire


Registered: 12/24/12
Posts: 36,574
|
Re: Silver - the most concentrated short of any commodity [Re: Asante]
#27778524 - 05/15/22 03:00 PM (1 year, 8 months ago) |
|
|
Quote:
Asante said:
The infuriating thing is that silver is divinely ordained money
Yeah last night was either a full or almost full moon and as I walked outside and looked up it was big and bright and I could feel the sun on the other side of the world and the moon energy too it was super powerful and I thought about how that silvery light of the moon reminded me of the divine power of silver.
I'm not giving up on silver yet. That little scenario I painted in the post above about the price of silver SEPARATING into a REAL market, where the paper one crashes and burns.
Imagine if paper silver went boom. People got fed up and pulled out. and a NEW market emerged. An ACTUAL market. One that actually only traded silver on what was in the vault or in their hands.
You see I honestly think that we might be VERY near to that happening, and right now, the big dogs are just trying to get their hands on AS MUCH physical silver as possible before the paper silver goes up in flames.
I think this is a real possibility in the (near) future.
You may have lost hope, but I'm holding on. Also, just in case, I've diversified 
|
Asante
Mage


Registered: 02/06/02
Posts: 86,794
|
Re: Silver - the most concentrated short of any commodity [Re: Fiery]
#27778558 - 05/15/22 03:16 PM (1 year, 8 months ago) |
|
|
I think the only thing that can realistically do that is a run on silver.
The thing is though, for 99% of the investors, paper silver is silver, and they dont want their investment to burn. People are so used to the lie, they are comfortab;le with it - and silver being the metal of the lie..
-------------------- Omnicyclion.org higher knowledge starts here
|
Gorlax



Registered: 05/06/08
Posts: 6,695
Last seen: 15 days, 13 hours
|
Re: Silver - the most concentrated short of any commodity [Re: Asante]
#27778748 - 05/15/22 04:35 PM (1 year, 8 months ago) |
|
|
If you don't think silver is a buy right now, what price could it possibly drop to in a supply chain constraint situation with China being a major buyer of silver and producing close to ZERO of it domestically. China has been in lock down for quite some time. I wouldn't be surprised to learn that China is behind the price spoofing. Anyways I like gold as well and I am hedged both ways. Hedging Oil investments with silver on the back would be a smart idea going into 2023.
|
Fiery
Sword of Fire


Registered: 12/24/12
Posts: 36,574
|
Re: Silver - the most concentrated short of any commodity [Re: Asante]
#27778766 - 05/15/22 04:46 PM (1 year, 8 months ago) |
|
|
Quote:
Asante said:
paper silver is silver, and they dont want their investment to burn. People are so used to the lie, they are comfortab;le with it - and silver being the metal of the lie..
There ALREADY is and has been a separation between the physical price and paper price though...
Silver is trading at $27-$30ish an ounce in the "real world" for coins like American Eagles and other Government... Even though the spot price is $21.. Generic ounces are trading a SIX $6 over! for a generic round!
Call around to any coin dealer, check online to any bullion dealer, The REAL price of silver is reflected in the premiums... Try to buy silver for spot price and they will laugh at you.
a big push, unlike anything I've seen in my life is happening. For the last 15 or so years I've been aware of silver premiums... and they've been one.. maybe two dollars over spot. Now $10 in some cases?

NEVER before in history have the "premiums" been so high. Think about it.....A separation from paper has begun!!!! It's only a matter of time until people catch on and Silver seperates COMPLETELY and we see paper silver go up in flames.
I feel it's coming soon. within the next 5 years , maybe 10.. I don't know. But because of the reality of supply and Demand, WE ARE CLOSE.
What that means is it's gonna hit a breaking point where paper silver actually means NOTHING!
And big money will start to pull their money OUT of paper, and try to secure as much physical as possible .. And at THAT POINT , it's game over for paper silver. Paper silver will go to ZERO because it's NOT REAL!!!!
The paper price might drop to $5 an ounce, but NO ONE will actually be selling silver for that. Think about it, it might be closer than I think.
That is happening right now!!!!!!
Can anyone else see or support this claim of mine?
I'd grab some physical while you can, just incase I'm right.
Edited by Fiery (05/15/22 04:54 PM)
|
|