Home | Community | Message Board

Cannabis Seeds UK
This site includes paid links. Please support our sponsors.


Welcome to the Shroomery Message Board! You are experiencing a small sample of what the site has to offer. Please login or register to post messages and view our exclusive members-only content. You'll gain access to additional forums, file attachments, board customizations, encrypted private messages, and much more!

Shop: Kraken Kratom Red Vein Kratom   Bridgetown Botanicals CBD Concentrates   PhytoExtractum Buy Bali Kratom Powder, Kratom Powder for Sale

Jump to first unread post Pages: < Back | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | 16 | 17 | 18 | 19 | 20 | Next > | Last >
OfflineGorlax
Male


Registered: 05/06/08
Posts: 6,695
Last seen: 15 days, 13 hours
Re: Silver - the most concentrated short of any commodity [Re: Fiery]
    #27855825 - 07/09/22 09:40 AM (1 year, 6 months ago)

You guys here about these things called goldbacks? Pretty cool https://www.govmint.com/1-50-utah-goldback-aurum-24kt-gold-foil-notes-5-piece-set


Extras: Filter Print Post Top
InvisibleAsante
Mage
Male User Gallery

Registered: 02/06/02
Posts: 86,794
Re: Silver - the most concentrated short of any commodity [Re: Gorlax] * 1
    #27855875 - 07/09/22 10:17 AM (1 year, 6 months ago)

Quote:

Gorlax said:
You guys here about these things called goldbacks? Pretty cool https://www.govmint.com/1-50-utah-goldback-aurum-24kt-gold-foil-notes-5-piece-set





they can always debase them to nickelbacks :cookiemonster:

I doubt its close to spot.

these "debit cards" are close because the value is literally encased in the card:




--------------------
Omnicyclion.org
higher knowledge starts here


Extras: Filter Print Post Top
OfflineBrian Jones
Club 27
Male User Gallery


Registered: 12/18/12
Posts: 12,340
Loc: attending Snake Church
Last seen: 4 hours, 12 minutes
Re: Silver - the most concentrated short of any commodity [Re: Asante]
    #27857048 - 07/10/22 08:46 AM (1 year, 6 months ago)

Here's my sad story. I had most of the years of walking liberty silver half dollars in various grades but mostly good stuff. I sold them when I was addicted to sleeping pills at silver price when it had bottomed.  I did make good money on some mint or better gold St Gaudens a few years earlier.


--------------------
"The Rolling Stones will break up over Brian Jones' dead body"    John Lennon

I don't want no commies in my car. No Christians either.

The worst thing about corruption is that it works so well,


Extras: Filter Print Post Top
OfflineLoaded Shaman
Psychophysiologist
Male User Gallery


Registered: 03/02/15
Posts: 8,006
Loc: Now O'Clock
Last seen: 27 days, 17 hours
Re: Silver - the most concentrated short of any commodity [Re: Gorlax]
    #27857582 - 07/10/22 04:18 PM (1 year, 6 months ago)

Quote:

Gorlax said:
You guys here about these things called goldbacks? Pretty cool https://www.govmint.com/1-50-utah-goldback-aurum-24kt-gold-foil-notes-5-piece-set




Yes. They're neat, but from what I've seen the price is hard to warrant over investing it elsewhere for me.

Quote:

Asante said:
Quote:

Loaded Shaman said:
Great time to grab some Au, as well.





true that! The last 20 years gold had a lull around this time of the year, and it sure does so now.

Some days ago I had a few K coming in and i chose to store them as PAXG, tokenized gold, rather than in the dropping euro, cause the euro went from 1.10 recventy to 1.06 to $1.02 today.

The few K are for extra expenses this year, but i foresee that by inflation on the euro alone it would be much better off as gold.

PAXG is not for big longterm capital, but as a temporary wallet, for now, its a conveniebnt way to hold gold in super liqauid form, you can withdraw it in 90mg increments.




Great plan, Asante!


--------------------



"Real knowledge is to know the extent of one’s ignorance." — Confucius


Extras: Filter Print Post Top
InvisibleFiery
Sword of Fire
Other User Gallery

Registered: 12/24/12
Posts: 36,574
Re: Silver - the most concentrated short of any commodity [Re: Loaded Shaman]
    #27857608 - 07/10/22 04:34 PM (1 year, 6 months ago)

I've heard of the goldbacks... and it's really neat that it's actually accepted as currency... but the premium on the spot price over gold just makes it not worth it to me. It's a neat idea though... going back to the "gold standard"...


Also, about the PAXG, I guess that's a good way to hold gold if you want to have it be ultra liquid, but ultimately I always feel better having gold in my hands and not some digital numbers on a screen that's reliant on a lot of things like infrastructure to keep them working.



Also- this time around I spent about $200 on some silver but I decided to bug out a little bit on numismatics and got some silver dollars that used to circulate as currency( a few Morgans and a few peace dollars, and a few Eisenhower) and a roll of Mercury dimes.  SO I basically spent like 40% of the money on "numismatic and collectable coins...


I don't usually do that and don't recommend it but the silver dollars and mercury dimes are just so damn cool I figured why not! Especially the back side of the Eisenhower dollar with the eagle landing on the moon? BADASS coin!


Extras: Filter Print Post Top
OfflineLoaded Shaman
Psychophysiologist
Male User Gallery


Registered: 03/02/15
Posts: 8,006
Loc: Now O'Clock
Last seen: 27 days, 17 hours
Re: Silver - the most concentrated short of any commodity [Re: Fiery]
    #27861970 - 07/14/22 01:32 AM (1 year, 6 months ago)

Picked up several of each of these just now:







--------------------



"Real knowledge is to know the extent of one’s ignorance." — Confucius


Extras: Filter Print Post Top
OfflineForresterM
aspiring sociopath
Male User Gallery

Registered: 02/05/13
Posts: 9,351
Loc: Northeast USA
Last seen: 24 days, 7 hours
Re: Silver - the most concentrated short of any commodity [Re: Loaded Shaman]
    #27861986 - 07/14/22 02:14 AM (1 year, 6 months ago)

I like the Canadian ones in those nice sealed sheets the best, but I only have those and US eagles to compare, aside from generic.


--------------------
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.


Extras: Filter Print Post Top
InvisibleFiery
Sword of Fire
Other User Gallery

Registered: 12/24/12
Posts: 36,574
Re: Silver - the most concentrated short of any commodity [Re: Loaded Shaman]
    #27862981 - 07/14/22 08:20 PM (1 year, 6 months ago)

Yeah, I'm totally going to try and pick up some ounces with the price being down.



I can see the price going even lower... $17? $16? Maybe.



Personally I think this just might be one of the last great chances to accumulate before the price goes permanently higher. We shall see.



Right now I"m totally not worried or even complaining about the price being low. I'm just mad I don't have more $$$ to invest !!!!!


Extras: Filter Print Post Top
OfflineGorlax
Male


Registered: 05/06/08
Posts: 6,695
Last seen: 15 days, 13 hours
Re: Silver - the most concentrated short of any commodity [Re: Fiery] * 1
    #27863070 - 07/14/22 09:36 PM (1 year, 6 months ago)

The average decline for Silver in the most recent bear markets was -37% from the top highs. We are about -33% from the recent high of $27.50. Current stock price hovering around $18.30. This would put us around $17.50 spot price but with room for error I think the support area around $15 an ounce is best aimed for to be conservative.


Extras: Filter Print Post Top
InvisibleFiery
Sword of Fire
Other User Gallery

Registered: 12/24/12
Posts: 36,574
Re: Silver - the most concentrated short of any commodity [Re: Gorlax]
    #27863088 - 07/14/22 09:53 PM (1 year, 6 months ago)

last night I cashed out my $1000 of crypto currency at a 20% loss.

Tired of playing the crypto game and I feel like it's going to go through a long bearish market... so yeah. going to take that cash and invest in some silver...

even though I lost $200 dollars on crypto ...I know over time I'll make it back in silver.


Are you going to wait to buy some until it goes lower?


I've been reading articles on the price of silver, and my opinion/prediction for when it's going to "break free" has changed to maybe in the 5 year range at the earliest. ( just guessing)


We've got to get through this downturn in the economy, see a huge spike in the production and sale of Solar and EV's... and then... the contracts are going to get called in, and when the silver is not there.. BOOOM! Separation from this fake manipulated paper market.

I just honestly can't believe it's even legal to have over 100x more silver "on paper" than in physical possession. Like WTF are the regulators thinking to even allow this manipulation to go on SO LONG and so blatantly...


I personally can't wait until paper silver comes crashing down and the price of physical skyrockets, and I'm holding firm to the belief that it will happen in my lifetime.

\


But like you always say Gorlax, even if it doesn't.... heck, I'll still own a valuable metal.. and won't have lost any money.


Saw a 5 gram gold bar for only $5 per gram over spot too... might snag that up for a little over $300 to diversify a bit too


Extras: Filter Print Post Top
OfflineGorlax
Male


Registered: 05/06/08
Posts: 6,695
Last seen: 15 days, 13 hours
Re: Silver - the most concentrated short of any commodity [Re: Fiery] * 1
    #27863156 - 07/14/22 11:11 PM (1 year, 6 months ago)

Nice! Hey I know people who lost over 20k in this crypto crash and to make it worse it was money he owed the IRS!

Right now I am currently waiting for the signal from the Federal Reserve. We know they have to rate hike but at what point does the entire system implode from so much pressure? It could be quite some time before it gets to where I'd like it to be (running estimate right now is Feb 2023). I found this apparently leaked from Bank of America showing their strategy for trading

Quote:

SPX 3600 nibble, at 3300 bite, at 3000 gorge; once recession/credit cause Fed stop, small caps/EM/cyclicals/consumer rallies

Summer risk-on requires Bitcoin 20k, EUR 1.00, BKX to hold 100, US IG CDX not to break 100, GT30 below 3.0% US$ reversal




Banks describe it as risk-on and risk-off. When things are risk-on you should take more risk. Inverse is true for risk-off. They are saying if the S&P500 hits 300 (3000) then to gorge meaning go all in. My analysis has it even lower and I'm expecting possibly 2600-2700 worst case SPY scenario.

I'm continuously buying silver as I like to collect it as well. I rarely trade in my silver unless absolute emergency. I'm totally fine paying $18-24$ for silver right now. I'm really aiming to make some serious cash in the silver mining stocks. They are so beaten down its insane!


Like I mentioned before. Investors expect to be compensated for volatility so then why not for manipulation? Once the paper trail explodes in their face we will see stratospherical spot prices.


Extras: Filter Print Post Top
OfflineLoaded Shaman
Psychophysiologist
Male User Gallery


Registered: 03/02/15
Posts: 8,006
Loc: Now O'Clock
Last seen: 27 days, 17 hours
Re: Silver - the most concentrated short of any commodity [Re: Gorlax] * 1
    #27864320 - 07/16/22 02:43 AM (1 year, 6 months ago)

I bet we see $15-17 silver; it's only been going down steadily for the last few weeks. It hit 30 last fall for a day or two but hasn't been able to really hold over 23 or 24, and continues dipping.

If we hit 18 I'm loading up on kilos.


--------------------



"Real knowledge is to know the extent of one’s ignorance." — Confucius


Extras: Filter Print Post Top
InvisibleFiery
Sword of Fire
Other User Gallery

Registered: 12/24/12
Posts: 36,574
Re: Silver - the most concentrated short of any commodity [Re: Loaded Shaman]
    #27864339 - 07/16/22 03:27 AM (1 year, 6 months ago)

Quote:

Loaded Shaman said:


If we hit 18 I'm loading up on kilos.





Personally I'd skip the kilos and go for single ounce rounds/bars. I just checked a few prices and it's almost exactly the same premium ...Slightly cheaper on some


I don't like the 10oz/kilos because they are just too much all at once and with single ounces it's easier to barter/trade/sell a few if you need to. With a kilo you're stuck with one massive sale.


Either way- silver is back on the rise getting close to 19... interesting.


Extras: Filter Print Post Top
InvisibleAsante
Mage
Male User Gallery

Registered: 02/06/02
Posts: 86,794
Re: Silver - the most concentrated short of any commodity [Re: Fiery]
    #27864477 - 07/16/22 07:07 AM (1 year, 6 months ago)

Why arent all central banks buying silver, but instead gold?


--------------------
Omnicyclion.org
higher knowledge starts here


Extras: Filter Print Post Top
InvisibleFiery
Sword of Fire
Other User Gallery

Registered: 12/24/12
Posts: 36,574
Re: Silver - the most concentrated short of any commodity [Re: Asante]
    #27864507 - 07/16/22 07:57 AM (1 year, 6 months ago)

Quote:

Asante said:
Why arent all central banks buying silver, but instead gold?




I think they buy both? What are you basing that on? There's lots of central banks.

I know China and Russia are buying silver by the boatload... they see the shortage coming.


Gold is great too..


But, right now, silver starting coming back up towards $19 but gold is still beaten down almost in the $1600's! Which is strange.


I wonder why. I'm going to the coin shop today so see what they have I will report back.


Extras: Filter Print Post Top
InvisibleFiery
Sword of Fire
Other User Gallery

Registered: 12/24/12
Posts: 36,574
Re: Silver - the most concentrated short of any commodity [Re: Fiery] * 1
    #27865218 - 07/16/22 06:51 PM (1 year, 6 months ago)

SO here's the report .. I ended up getting a 2.5 gram gold bar for $30 over spot( which is about $12 per gram over spot) which I was happy with. That's a decent premium for such a small piece of gold I think coming in near %15 over spot. I've seen lots of people selling grams for at least 30% over spot.. so yeah.



Also picked up 10 generic rounds for $21.50 each. I was certainly happy with that!



And my grand buy of the day.. I paid $55 for a 1854 Seated Liberty silver half dollar in decent condition!  Total waste of $40+ on numismatics but it's just such a badass coin to behold.. so old!



Anyways- just to let you know Asante- my dealer, as usually is STILL SELLING ( and has been) when the price is low. You always mention how people go "out of stock" suspiciously when the price drops but that's not how it normally is.. and other people have agreed.. at least here in America! Because of the premiums during a buy/sell, bullion dealers are always in the market... at least with silver that is.

Where did this notion of yours come from?


Extras: Filter Print Post Top
OfflineGorlax
Male


Registered: 05/06/08
Posts: 6,695
Last seen: 15 days, 13 hours
Re: Silver - the most concentrated short of any commodity [Re: Fiery] * 1
    #27865509 - 07/16/22 10:42 PM (1 year, 6 months ago)

Nice score! I'm going to grab some stuff here soon. Going to feel like a kid in a candy store.

You can actually look at the COMEX reports at the end of each week and it will tell you exactly who and what are moving the precious metals.

This weeks report here
https://ibb.co/MVkKjsV

It's kind of hard to say central banks are hoarding one thing or another because these numbers change drastically week to week. Silver has traditionally been used as coinage and gold a store of value. They serve different purposes but shares many characteristics. Together they are a super combo haha. Clearly gold is the more valuable one. However Silver rewards people back with volatility. That's why they call it the poor man's gold. :jah:


Extras: Filter Print Post Top
InvisibleAsante
Mage
Male User Gallery

Registered: 02/06/02
Posts: 86,794
Re: Silver - the most concentrated short of any commodity [Re: Gorlax] * 1
    #27867352 - 07/18/22 09:57 AM (1 year, 6 months ago)

An expert spoke of how silver is "the most bearish since 2019" and in metal :rockon: that usually indicates a good time to buy.


--------------------
Omnicyclion.org
higher knowledge starts here


Extras: Filter Print Post Top
OfflineLoaded Shaman
Psychophysiologist
Male User Gallery


Registered: 03/02/15
Posts: 8,006
Loc: Now O'Clock
Last seen: 27 days, 17 hours
Re: Silver - the most concentrated short of any commodity [Re: Asante]
    #27867405 - 07/18/22 10:31 AM (1 year, 6 months ago)

Just picked up another tube of ASEs.


--------------------



"Real knowledge is to know the extent of one’s ignorance." — Confucius


Extras: Filter Print Post Top
OfflineGorlax
Male


Registered: 05/06/08
Posts: 6,695
Last seen: 15 days, 13 hours
Re: Silver - the most concentrated short of any commodity [Re: Asante]
    #27867925 - 07/18/22 03:51 PM (1 year, 6 months ago)

Yeah I just heard the guys on Fox Business specifically say the sentiment in Silver is the worst he has seen in a while. You know what that means!!

BUY


Extras: Filter Print Post Top
Jump to top Pages: < Back | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | 16 | 17 | 18 | 19 | 20 | Next > | Last >

Shop: Kraken Kratom Red Vein Kratom   Bridgetown Botanicals CBD Concentrates   PhytoExtractum Buy Bali Kratom Powder, Kratom Powder for Sale


Similar ThreadsPosterViewsRepliesLast post
* Cryptocurrency: A Discussion on Bitcoin, Ethereum and Related Projects
( 1 2 3 4 ... 500 501 )
geokillsA 250,325 10,002 01/27/24 05:04 PM
by geokills
* Is Bitcoin actually a good investment?
( 1 2 3 4 ... 9 10 all )
CLIT 15,479 188 09/21/18 12:04 PM
by george698
* ATTENTION: Buy opportunity for Silver emerging
( 1 2 3 4 all )
Asante 7,089 66 04/26/14 10:28 PM
by DieCommie
* Could use some advice! (from the fiscally responsible & investors) OutThisLife 1,542 12 08/09/11 04:31 AM
by LunarEclipse
* Afraid to lose money investing Psyche delics 561 13 12/13/17 06:40 AM
by Asante
* When do I sell my cryptos? HamHead 646 10 12/17/17 02:34 PM
by geokills
* Which cryptos do you advise putting a token sum in for the longer term? Asante 389 2 12/17/17 09:15 AM
by ashfiken
* DAYTRADE CENTRAL -- Today's Buy/Sell opportunities in Crypto/Metal/Paper Markets
( 1 2 3 4 5 6 all )
Asante 7,001 119 01/07/18 05:06 AM
by Asante

Extra information
You cannot start new topics / You cannot reply to topics
HTML is disabled / BBCode is enabled
Moderator: geokills, automan
9,796 topic views. 1 members, 3 guests and 1 web crawlers are browsing this forum.
[ Show Images Only | Sort by Score | Print Topic ]
Search this thread:

Copyright 1997-2024 Mind Media. Some rights reserved.

Generated in 0.022 seconds spending 0.005 seconds on 13 queries.