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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]
#27867993 - 07/18/22 04:43 PM (1 year, 6 months ago) |
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I have been seeing alkl sorts of experts state with conviction that the coming crisis is deflationary. I'm convinced its inflationarty.
one said that gold will go down to as far as $900.
there is NO WAY that that will happen, i totally dont see it.
its a misunderstanding of gold, and since there is a gold silver ratio its a misunderstanding of silver.
Many gold mines will have to close wioth $900 gold. not gonna happen.
The 2022 dollar isnt the 2008 dollar when we had $900 gold.
I'm pro gold over silver but metal always was a good place to be in times of crisis.
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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]
#27868057 - 07/18/22 05:48 PM (1 year, 6 months ago) |
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I'll know you're all gung ho about silver " being the devils metal" and for someone who sold all their silver to buy gold I can see why you would be against silver, but I really think you should reconsider your position on silver so you don't miss a huge wave if/when it happens.
Not investment advice BTW but I think it'd be CRAZY not to diversify right now.
Also- I can totally see gold going to $900 and silver to $12... sure. But all that means is epic buy opportunity... probably for the last time in a LONG TIME... if ever.
Don't miss the boat people. Get some silver
Edit: I'm tempted to buy some silver eagles like Shaman did even with the $10 premium... because for $30 each even if silver never has a huge crazy breakout into the $100's++ it will for certainly be up in the $30 range in the near future... maybe 5-10 years if not sooner.
I feel like the premium on silver eagles is worth it to diversify a little bit with... but not like your whole stack... you just loose too much buying power versus the generics.
Edited by Fiery (07/18/22 05:56 PM)
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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: Fiery]
#27868483 - 07/19/22 03:48 AM (1 year, 6 months ago) |
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Silver didnt go anywhere for a decade of my life and still is nowhere.
The money invested in it did not correct for inflation, unlike gold.
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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]
#27868487 - 07/19/22 03:51 AM (1 year, 6 months ago) |
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Silver absolutely did something during in your life.. you just missed it.
It rose from $12 to almost $50 and back to $15 and then to $30 and all over the charts.
Just because you missed it and are "mad" at silver, you should not discourage other silver stackers.....
In fact, you might consider JOINING them
  
And if you're convinced that silver is the "devils" metal..
seems like you might need an exorcism.
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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: Fiery]
#27868508 - 07/19/22 04:34 AM (1 year, 6 months ago) |
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I have my bar of silver to throw into the machine when its most vulnerable.
I'm not angry at silver, but at how manipulated it is, its been incredibly corrupted.
In gold and silver, silver is the yin metal and it comes out in everything.
Have a look:
can you show me a silver reserve equal in value?
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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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Asante
Mage


Registered: 02/06/02
Posts: 86,794
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Re: Silver - the most concentrated short of any commodity [Re: Forrester] 1
#27870423 - 07/20/22 02:12 PM (1 year, 6 months ago) |
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ohh thats a beautiful piece!
Armenia has beautiful Noah's Ark coins of 999 silver, from 1/4oz up to 5kg.
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Gorlax



Registered: 05/06/08
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Re: Silver - the most concentrated short of any commodity [Re: Asante]
#27870463 - 07/20/22 03:06 PM (1 year, 6 months ago) |
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The argument really isn't even if Silver is going to go up or down. It's going to go up simply based off the dynamics of the current market. If we were at around 25-30$ an ounce I wouldn't be harping on silver as much but we are at $18.59. Were essentially bottomed out. I also don't really see the argument for Gold vs Silver. Both move together in price. One is just cheaper. I'm just as excited about gold but I like to do my technical analysis behind silver because it offers more volatility and range so the average investor can make more profit.
If you want to attempt to get rich off this silver/gold boom you are going to want to invest in Junior gold/silver miners right now. These are stocks that have small capitalization but are listed on major indexes. You can find some Silver stocks here https://finviz.com/screener.ashx?v=111&f=ind_silver and some gold here https://finviz.com/screener.ashx?v=111&f=ind_gold .
The money will flow into these just not right now. This is the time to start slowly accumulating and averaging into positions.
This was circulating in the precious metals news wires
Quote:
REPORT: FEMALE TEXAS BILLIONAIRE BUYS $50M IN SILVER WITH PLANS TO BUY UP TO $1B.
There's only three female Texas billionaires and only one has the holdings to remain diversified after buying $1B in silver.
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Loaded Shaman
Psychophysiologist



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Re: Silver - the most concentrated short of any commodity [Re: Gorlax]
#27871104 - 07/21/22 01:54 AM (1 year, 6 months ago) |
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Prices are dropping again this morning:
Gold is at $1,690 at the time of this post.
--------------------
  "Real knowledge is to know the extent of one’s ignorance." — Confucius
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Forrester
aspiring sociopath


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Re: Silver - the most concentrated short of any commodity [Re: Asante]
#27871118 - 07/21/22 02:28 AM (1 year, 6 months ago) |
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Quote:
Asante said: ohh thats a beautiful piece!
Armenia has beautiful Noah's Ark coins of 999 silver, from 1/4oz up to 5kg.
That's an awesome one, and in different incriments like that too? Love to get some of those!
That 6oz Melaleuca one I got, I think must be fairly rare. Melaleuca is (was?) one of those MLM companies that tried to get you to sell shit to your friends but only the top people that did really well got this coin, not sure how long the company lasted or how many people made that level but it's gotta be pretty rare. Not that it's worth anything more than junk value but I love unique coins especially bigger ones. Some of the 10oz bars I've got are just ugly and crude looking like Englehard.
I'd love to get some gold but my play money isn't much so the best I'd be able to do is maybe 1-5g bits. The smaller units like that I've seen kinda kill ya at how much over spot they go for though, any recommendation on cheap gold units in the gram range?
-------------------- 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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Loaded Shaman
Psychophysiologist



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Re: Silver - the most concentrated short of any commodity [Re: Forrester]
#27871251 - 07/21/22 07:08 AM (1 year, 6 months ago) |
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I just picked up a tube of eagles, and a tube of maples.
--------------------
  "Real knowledge is to know the extent of one’s ignorance." — Confucius
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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]
#27871812 - 07/21/22 03:54 PM (1 year, 6 months ago) |
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Quote:
Asante said: ohh thats a beautiful piece!
Armenia has beautiful Noah's Ark coins of 999 silver, from 1/4oz up to 5kg.
Yes! I love the Aremenian Rounds!@ I have 3 1oz ones really cool coin
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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: Forrester]
#27871830 - 07/21/22 04:08 PM (1 year, 6 months ago) |
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Quote:
Forrester said:
I'd love to get some gold but my play money isn't much so the best I'd be able to do is maybe 1-5g bits. The smaller units like that I've seen kinda kill ya at how much over spot they go for though, any recommendation on cheap gold units in the gram range?
of the standard bullion coins there are 1/10 and 1/20oz versions, but in my neck of the woods it tends to be cheaper to source old gold coins that are now sold around spot, or if you luck out mini bars such as these very handsome credit card ones:

coin collecters places generally have local old gold coins, especially more damaged ones, that may sell close to spot.
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Forrester
aspiring sociopath


Registered: 02/05/13
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Re: Silver - the most concentrated short of any commodity [Re: Asante]
#27871915 - 07/21/22 05:28 PM (1 year, 6 months ago) |
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Yeah I love those credit card ones those are sweet...
Good idea on the old gold coins, I didn't know they could be found around spot. Will have to check into it locally, thanks!
-------------------- 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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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: Forrester]
#27871963 - 07/21/22 06:26 PM (1 year, 6 months ago) |
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lol.. try convincing a bartender that your credit card of 1 gram of gold is worth like at least $50 USD
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Tulipslave
Homo sapiens sapiens, lol

Registered: 07/25/17
Posts: 11,109
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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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Asante
Mage


Registered: 02/06/02
Posts: 86,794
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Re: Silver - the most concentrated short of any commodity [Re: Tulipslave]
#27880505 - 07/28/22 01:55 PM (1 year, 5 months ago) |
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up about 2% in euros.
Since gold and silver are in their lull period, all this doesnt yet amount to much. Gold was at this point a few weeks ago.
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Loaded Shaman
Psychophysiologist



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Re: Silver - the most concentrated short of any commodity [Re: Asante] 1
#27880603 - 07/28/22 03:44 PM (1 year, 5 months ago) |
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Yup!
Silver is up over a dollar today, and gold is heading back to where it was for sure.
I picked up a 10oz Sunshine Mint bar and a 1/10 AGE today a tad over spot .
--------------------
  "Real knowledge is to know the extent of one’s ignorance." — Confucius
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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: Loaded Shaman]
#27880698 - 07/28/22 05:23 PM (1 year, 5 months ago) |
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Quote:
Loaded Shaman said:
I picked up a 10oz Sunshine Mint bar and a 1/10 AGE today a tad over spot .
I've been hearing that its a good time to pick metal up, as things may change drastically, soon.
What did the 1/10 cost you, in % over spot?
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Gorlax



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Re: Silver - the most concentrated short of any commodity [Re: Asante]
#27881307 - 07/29/22 04:28 AM (1 year, 5 months ago) |
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The second GDP print was negative so we are technically in a recession. The same day gold/silver turned around and are now up big. This is just the start. WE are in a recession. Doesn't matter how it's defined. Not splitting hairs with semantics. A slowdown is a slowdown.
Stagflation to deflationary recession commencing.
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