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InvisibleAsante
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Re: Silver - the most concentrated short of any commodity [Re: Fiery]
    #27778810 - 05/15/22 05:07 PM (1 year, 8 months ago)

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.


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InvisibleAsante
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Re: Silver - the most concentrated short of any commodity [Re: Gorlax]
    #27778823 - 05/15/22 05:15 PM (1 year, 8 months ago)

Quote:

Gorlax said:
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.





It would be a good buy moment, in a honest market.

They can keep the real silver price low even when its much rarer than gold.

Guys, in 2007 I bought silver maples for close to $20 and now they are STILL close to $20 and 15 years on, 2007 $20 had way more purchasing power than 2022 $20.

FIFTEEN YEARS and next to nothing happened, while gold more than tripled in value.

I was so glad to dump that silver and get gold back it was like orgasm :curbyourenthusiasm:

You could say that silver is therefore overdue for an inflation correction.

That was also the case 15 years ago and it just didnt because crooks rule that market.


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InvisibleFiery
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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)

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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Re: Silver - the most concentrated short of any commodity [Re: Fiery]
    #27779484 - 05/15/22 10:13 PM (1 year, 8 months ago)

I don't recommend buying silver or investing in it to try to flip spot price. There's a million ways to invest in something through derivatives but for physical the idea is to own it forever. That's the point of it storing value better than a bank account because you can't easily turn it into cash on the spot. The value is almost locked in for you. I also like collectible coins and the silver is a plus. I have a pretty cool coin collection and I don't even bother to know the weight because I wouldn't sell it based on it's precious metal content but collector value.

Paper silver or silver ETF's are the reason why silver is highly manipulated because as said the real price never reflects reality. That also has a flip side however and it means that not being able to deliver on the paper side makes the physical side rocket. It's a scale that's been tipped one way for too long.


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InvisibleFiery
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Re: Silver - the most concentrated short of any commodity [Re: Gorlax]
    #27779499 - 05/15/22 10:18 PM (1 year, 8 months ago)

Quote:

Gorlax said:
I don't recommend buying silver or investing in it to try to flip spot price. There's a million ways to invest in something through derivatives but for physical the idea is to own it forever. That's the point of it storing value better than a bank account because you can't easily turn it into cash on the spot. The value is almost locked in for you. I also like collectible coins and the silver is a plus. I have a pretty cool coin collection and I don't even bother to know the weight because I wouldn't sell it based on it's precious metal content but collector value.

Paper silver or silver ETF's are the reason why silver is highly manipulated because as said the real price never reflects reality. That also has a flip side however and it means that not being able to deliver on the paper side makes the physical side rocket. It's a scale that's been tipped one way for too long.





Yeah man, that's how I feel. And also what I mean by premiums being higher and for longer than ever I can remember in history. It is signaling that  when the paper side can't deliver the goods( which the bullion dealers already know, the miners and refiners also know this too) then it's game over. It's pretty clear that there's a line in the sand that's been being drawn for a while now between the people who revolve around physical and paper.


That would ALSO explain why paper silver has gone DOWN in price, because I Think maybe some of the paper silver holders are seeing this and "cashing out" thus driving the price down.

Honestly, it would be good for the breakaway for the paper price of silver to keep going down, because the premiums for physical silver would keep going up, and them boom- a massive break and selloff of physical paper when people even big money corporations realize the game is over.

At that point a whole new market emerges. 

Does anyone thing it's crazy to see that happening in the next 5 years ? Heck? the next year?

I mean it's already happening right now , the very beginning.


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Re: Silver - the most concentrated short of any commodity [Re: Fiery]
    #27779519 - 05/15/22 10:34 PM (1 year, 8 months ago)

The only explanation for physical silver to be going down would be the dynamics of the paper silver traded on the futures market (COMEX). The properties and utility behind silver hasn't changed since the dawn of time. Its a dual use metal being used for industrial and monetary. The price of silver dropping is a signal that large hedge funds are buying MORE now than ever. There's also been movements of silver from the COMEX facility over the last 1-2 years that's been astronomical in size. Only reason for that would be large scale industrial use as it's 1000 oz bars.


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InvisibleFiery
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Re: Silver - the most concentrated short of any commodity [Re: Gorlax]
    #27779525 - 05/15/22 10:38 PM (1 year, 8 months ago)

Wait a sec, help me out if you can.


Quote:

The only explanation for physical silver to be going down would be the dynamics of the paper silver traded on the futures market (COMEX).






SO right here you're talking about paper silver actually being used to move physical silver, correct?

And if so, which way would the physical silver be moving.  be moving? I'm assuming out.




Quote:


The price of silver dropping is a signal that large hedge funds are buying MORE now than ever.





Do you mean more physical or more paper?





EDIT:
Quote:

(COMEX).





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?






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InvisibleFiery
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Re: Silver - the most concentrated short of any commodity [Re: Gorlax]
    #27779533 - 05/15/22 10:42 PM (1 year, 8 months ago)

If you have the time to break it down in laymans terms I"d be much appreciated.


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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)

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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InvisibleFiery
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Re: Silver - the most concentrated short of any commodity [Re: Gorlax]
    #27779646 - 05/16/22 12:10 AM (1 year, 8 months ago)

Wow.. thank you so much for taking the time to explain that to me( and I'm sure others who read this)

So I guess my theory of a complete breakdown of paper silver would happen only if the COMEX could not deliver the physical metal?


Is it true that there is 100x more silver " on paper" than COMEX actually has or could ever have?



I'm just trying to justify buying more silver right now(physical), because I Really do feel like this whole charade is going to explode and the comex will stop delivering physical and a new system will arise. Because there's no way a system like this could stand if everyone decided to take delivery of the item ...



thanks again for helping me learn


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InvisibleAsante
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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)

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.


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InvisibleFiery
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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)

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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InvisibleAsante
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Re: Silver - the most concentrated short of any commodity [Re: Fiery]
    #27780101 - 05/16/22 11:05 AM (1 year, 8 months ago)

I havent been to the US, I have relatives there though. I'm glad that they legally own a firearm, a NATO caliber sniper rifle .308 Winchester hunting rifle :grin:

Quote:

Fiery said:

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...





I'm upset at whats being done to silver, Torah, Bible and Qu'ran put it in lettering that gold and silver are the money God intends for us, Allah even goes so far as to define in the Qu'ran  the weight, purity, description and name of Gods Money, the God Dinar and the Silver Dirham




The usurers, the paper traders they are perverting something celestial, thats like my revulsion against atheist satanism. Be on a demon's dick when you call yourself a satanist, don't be an edgy nonbeliever with questionable values.

Inferior Divinity still is Divinity.


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InvisibleFiery
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Re: Silver - the most concentrated short of any commodity [Re: Asante]
    #27780191 - 05/16/22 12:12 PM (1 year, 8 months ago)

LOL yeah.. ... Me at a gun shop: "let me please have a military grade .223 assault rifle, with 10 extra 30 round magazines...

Oh yes , it's for hunting, what if I miss :picard:





On the subject: personally I still think silver is divine so I'm holding some :smile: The rest of the demon lovers can play their little game all they want.

So I ended up picking up two grams of GOLD( they almost never have grams of gold) for around 7% over spot, which is unheard of because it's usually 25% on tiny amounts! He hooked me up today. Yay!


Also picked up some of Americas currency pre 1965 that was made out of 90% silver... really neat coins .. And also 3 of these coins called Morgan SIlver Dollars. I got 3 of those for $32 each. The silver value is only around $17 but they are all PRE -1900... which is insane to get a coin that old at that price.


I've got to build my cash back up so that's all the buying I had room for right now :smile: But I feel good about it, even the silver.


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InvisibleAsante
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Re: Silver - the most concentrated short of any commodity [Re: Fiery]
    #27780409 - 05/16/22 02:58 PM (1 year, 8 months ago)

Just watch out.. Fake silver bars, 10 for the price of one.

Nothing is safe anymore, not even the Sunshine Mint.




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OfflineGorlax
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Re: Silver - the most concentrated short of any commodity [Re: Asante]
    #27780482 - 05/16/22 03:42 PM (1 year, 8 months ago)

Yeah it's most likely the Chinese as they have no viable silver resources and consume slightly more than 1/3 of the world's silver. They could easily just be behind the funding in large scale silver purchases and easily obtain the physical after at lower prices. They hoarding all the Rare Earth Elements as well.

The paper to physical thing is true but not in the sense you would think. Paper trading has multiple ways you can I guess "bet" on the price. While with physical you just buy the item. Ha idk if its even comparable honestly. Think of it has online gambling with bullshit casino arcade games compared to actually being in las vegas at a blackjack table. Ones on a server vs ones physically in front of you.


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InvisibleFiery
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Re: Silver - the most concentrated short of any commodity [Re: Asante]
    #27780761 - 05/16/22 07:53 PM (1 year, 8 months ago)

Quote:

Asante said:
Just watch out.. Fake silver bars, 10 for the price of one.

Nothing is safe anymore, not even the Sunshine Mint.









they have a special seal you can inspect. can't be faked as far as I know. But no way to check that online!~

Quote:

For the last few years, Sunshine Mint has included a anti-counterfeit seal to the back of their silver bullion rounds and bars that displays a "VALID" symbol when viewed through a special decoder card. Sunshine seems to be the only mint doing this.





Personally I would NEVER buy gold or silver off ebay or any other online retailer. I need to see it in person.


Also any real silver hound knows that silver is slightly magnetic and any one smart will take a neodymium magnet with them to test where you let it slide down the bar or the round. 


Also, I only buy silver from either one of two guys that own shops and I've known them for years.



Lots of people got dupped on fake gold too, recently. The fakes coming out of China are CRAZY GOOD



One of my hobbies is collecting minerals and rocks and CHina has been selling fake stuff in that category HARD for the last year.. makes me angry to see so many people getting ripped off but with precious metals it's so much worse :frown:


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InvisibleAsante
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Re: Silver - the most concentrated short of any commodity [Re: Fiery]
    #27781556 - 05/17/22 12:47 PM (1 year, 8 months ago)

I bought a gilded krugerrand for $3 that by many would have been mistaken for a krugerrand, were it not that the manufacturer was conscientious enough to make the coin 40mm across, way off from the size of a real krug.


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OfflineGorlax
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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)

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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InvisibleAsante
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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)

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 :sun:

There was also serious action here with the legal weed stocks run and there will be when shrooms are legalized. this forum kicks ass :rockon:


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