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tomnl
Beginner



Registered: 06/16/08
Posts: 1,635
Loc: Under the shroom
Last seen: 1 hour, 25 minutes
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Re: Silver - the most concentrated short of any commodity [Re: Asante]
#27782356 - 05/18/22 01:07 AM (1 year, 8 months ago) |
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Quote:
Asante said: 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 
There was also serious action here with the legal weed stocks run and there will be when shrooms are legalized. this forum kicks ass 
Whats gonna be our shroom game-plan?
Greets Tom
-------------------- Been away so long I hardly knew the place Gee, it's good to be back home Leave it till tomorrow to unpack my case Honey disconnect the phone I'm back in the USSA You don't know how lucky you are, boy Back in the US Back in the US Back in the USSA
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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: tomnl]
#27782448 - 05/18/22 03:32 AM (1 year, 8 months ago) |
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Game Plan: Help each other until the whole Shroomery consists of millionaires 
we need UNITY>
Unity failed us on this day:
Quote:
KillerSpores said on 23/02/11 01:01 AM (11 years, 2 months ago): Bitcoin Help?
Okay so I have a person whom only accepts bitcoin soon as to keep total anonymity. But my issue is it doesn't make any sense at all. I dont know how to take my money and turn it into bitcoins. Any help would be fantastic.
Bitcoin on the Shroomery in 2011 
Had we done our homework better we'd have a ridiculous number of millionaires now
WE WILL NOT LET THAT HAPPEN NEXT TIME.
-------------------- Omnicyclion.org higher knowledge starts here
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Gorlax



Registered: 05/06/08
Posts: 6,695
Last seen: 15 days, 13 hours
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Re: Silver - the most concentrated short of any commodity [Re: Asante]
#27783544 - 05/18/22 08:50 PM (1 year, 8 months ago) |
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Yeah I learned about bitcoin on here and that's before anyone was talking about it. Only bought it for transactions tho.
The game plan is when Silver dips to new lows BUY! $17.50-18.00 are Strong BUY zones imo I'll stay posted on here as I follow the markets daily.
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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: Gorlax]
#27783551 - 05/18/22 08:59 PM (1 year, 8 months ago) |
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I'm in my mid 30's and I think I will most def. see the end of silver manipulation in my life if I live long enough lol.
I mean I honestly think it could happen within the next 5 years easy
ESPECAILLY with the fuel shortages and prices, imagine what mines need to run? FUEL! And with covid - production has been way down.
So basically it's gonna take some time for everything to come full circle, but industry needs is going to outweigh the supply, and the manipulators can't stop the price going up at that point, right?
What is your thought Gorlax or anyone on the 90% American "junk " silver. Seems to have better premiums sometimes but lower resell. But it is neat. I personally have a mix of 90% and 100%
ALso, silver is silver. I understand numismatic value of things like eagles etc... but a generic silver 1oz round is just as silver as the eagle
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Gorlax



Registered: 05/06/08
Posts: 6,695
Last seen: 15 days, 13 hours
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Re: Silver - the most concentrated short of any commodity [Re: Fiery] 1
#27783563 - 05/18/22 09:08 PM (1 year, 8 months ago) |
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Junk silver is legit. I believe it's the best bang for the buck. If we don't see the end of manipulation we will see Silver rise. It has a lot to do with chart fundamentals and the supply/demand aspect. They have shortages of Aluminum, Palladium, and more. I also heard today that Peru is having a kind of miner revolt. We may start to see some supply issues on paper now!
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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]
#27784054 - 05/19/22 09:34 AM (1 year, 8 months ago) |
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If you're in silver then junk silver is king, you get the most grams for the dollar, AND it comes in convenient small bartering units.
-------------------- Omnicyclion.org higher knowledge starts here
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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]
#27784781 - 05/19/22 06:58 PM (1 year, 8 months ago) |
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Quote:
Asante said: If you're in silver then junk silver is king, you get the most grams for the dollar, AND it comes in convenient small bartering units.
Very true, except for American "Junk" silver is 90% silver and 10% copper. It can be costly to separate out/refine the pure silver.
However, it's still super popular for people to collect. I like the diversity too. America has some cool junk silver like walking livery half dollars, and mercury dimes, two of my favorite junk silvers that up until recently you could buy at junk silver prices... now both those carry a premium .
I do like the fact also that it's highly unlikely/near impossible for there to be "fake" junk silver unless it's like morgan or peace dollars, so you're almost sure to be safe with silver quarters and dimes. AND I like the small denomination thing too.
That's my main problem with gold is that it's so expensive for an ounce! I managed to buy a gram of gold the other day for $10 over spot. So basically I paid about $68 for just one gram of gold! But it's a neat little tiny "bar" .. Any time I can get grams I'll usually get them, even though I am paying a high premium, it's really the only way I can afford gold..
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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] 1
#27785208 - 05/20/22 03:29 AM (1 year, 8 months ago) |
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Not if you have access to nitric acid and a crucible.
You could dissolve Ag/Cu in nitric acid, precipitate the AgCl by means of salt solution the react with metallic iron to metallic silver, then cast an ingot and, as Roy Orbison insisted, you got it.
-------------------- Omnicyclion.org higher knowledge starts here
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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]
#27785357 - 05/20/22 07:50 AM (1 year, 8 months ago) |
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Oh yes! I know about Nitric Acid. But it's extremely dangerous- and the thing is, the cost of the nitric acid itself would far outweigh the value of the silver recovered.
I do a bit of gold mining here where I live and I have some concentrates that I would LOVE to use mercury or nitric acid on, but the cost/dangers just don't justify it, even in my case, for gold!
Recently, I melted down some of my gold dust that I panned out by hand into a little button using a potato as a crucible and borax as the flux
The problem is there's tons of "micro gold" that I can't recover without chemicals. Oh well!
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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]
#27785374 - 05/20/22 08:26 AM (1 year, 8 months ago) |
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Nitric acid can easily be made, you just have to be careful doing so as you'll be dealing with toxic corrosive substances.
-------------------- Omnicyclion.org higher knowledge starts here
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Gorlax



Registered: 05/06/08
Posts: 6,695
Last seen: 15 days, 13 hours
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Re: Silver - the most concentrated short of any commodity [Re: Asante]
#27786075 - 05/20/22 06:19 PM (1 year, 8 months ago) |
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I'm looking at some property now and I can almost guarantee it has some stuff to mine on it. I might try to do a little pan action myself. Does anyone just like the way silver and gold look in person. I have an affection for it like a moth to light haha
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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: Gorlax] 1
#27786126 - 05/20/22 07:11 PM (1 year, 8 months ago) |
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Yeah for sure.
Let me know if you start mining, I am actually decently experienced. Will offer any help
I know about
Hard rock mining, panning sluicing "sniping" rock hounding metal detecting classification. dredging Refining techniques "clean ups"
etc.
Tons of stuff I was basically a gold miner as a main hobby for a total of around 5 years. Found enough to melt down into nice button that I hammered out into a gold coin... that I dug from earth itself! little over a half ounce on the coin...
Also have a little vial of gold dust/flakes too.
Totally seperate topic, but: I also stock pile the "gold fingers" off of ram cards and video cards and such and know how to somewhat easily extract and "e scrap" gold as well!
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Gorlax



Registered: 05/06/08
Posts: 6,695
Last seen: 15 days, 13 hours
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Re: Silver - the most concentrated short of any commodity [Re: Fiery]
#27787120 - 05/21/22 04:22 PM (1 year, 8 months ago) |
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Here we go long positions in silver are opening up!! + 21.7%
https://pasteboard.co/vtJnak1WsmXu.png
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Gorlax



Registered: 05/06/08
Posts: 6,695
Last seen: 15 days, 13 hours
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Re: Silver - the most concentrated short of any commodity [Re: Gorlax]
#27808566 - 06/06/22 04:13 PM (1 year, 7 months ago) |
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It takes 2.6 million ounces of silver per gigawatt of solar power and Biden just announced he is to use executive action to spur solar projects. Silver starting to react to this news!
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Forrester
aspiring sociopath


Registered: 02/05/13
Posts: 9,351
Loc: Northeast USA
Last seen: 24 days, 7 hours
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Re: Silver - the most concentrated short of any commodity [Re: Gorlax] 1
#27809166 - 06/07/22 02:25 AM (1 year, 7 months ago) |
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Just wanna get in on this very informative thread. I'm hodling my physical silver I accumulated quite some time ago and hoping for the best, still think it could be of value in the more devastating SHTF societal collapse scenarios. 
Crypto is more where my investing is going now but if shit really hits the fan, the local farmers around here ain't gonna take BTC for their steaks, but they may accept bullets or silver and I got both.
-------------------- 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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Gorlax



Registered: 05/06/08
Posts: 6,695
Last seen: 15 days, 13 hours
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Re: Silver - the most concentrated short of any commodity [Re: Forrester]
#27810333 - 06/07/22 11:22 PM (1 year, 7 months ago) |
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Quote:
Biden allowing solar panel imports while also moving to boost domestic production. On Monday the administration announced a compromise: the investigation will continue, but solar panels will be allowed to be imported from Cambodia, Malaysia, Thailand and Vietnam for two years without fear of steep retroactive tariffs — granting the solar industry a measure of certainty as they await the Commerce Department's decision.
Speaking to reporters on background, a White House official defended the move. The Tariff Act, the official said, authorizes the Commerce secretary and president to take emergency actions. "And here he [Biden] is using that authority to ensure the reliable supply of solar components from southeast Asian countries. ... that play a key role in the reliable supply of solar.
This is most likely why those Silver positions were opening up on the end of week 5/17/22 and going long. Silver did a complete U turn and made a new support level at $21.00.
Solar cells, also called photovoltaic cells, convert sunlight directly into electricity. Photovoltaics (often shortened as PV) gets its name from the process of converting light (photons) to electricity (voltage), which is called the photovoltaic effect. Silver’s use in photovoltaics Photovoltaic (PV) power is the leading current source of green electricity. It is of note that, despite COVID disruption, the PV market proved its resilience in 2020. Newly added solar capacity saw further growth, with the total estimated to have surpassed 130GW for the first time ever. Silver’s use in photovoltaics increased 13 percent to 113.7 Moz as global solar installations grew, while electronic and electrical demand overall rose by 9 percent to 330 Moz in 2021.
Buckle up fellas!!
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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: Gorlax]
#27817537 - 06/13/22 12:15 PM (1 year, 7 months ago) |
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Quote:
Gorlax said:
Buckle up fellas!!
You saying that you see silver breaking out in price higher right?
I'm super torn right now because I only have limited funds to invest but I think I will go with some silver instead of these cryptos which are absolutely getting and have been getting slaughtered!
Although, I will for sure diversify but I'm leaning on about 60%(physical) silver and 20% stocks and 20% crypto.
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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]
#27817701 - 06/13/22 02:07 PM (1 year, 7 months ago) |
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Quote:
Fiery said:
Although, I will for sure diversify but I'm leaning on about 60%(physical) silver and 20% stocks and 20% crypto.
If you are planning on that, maybe for diversity sake cut the silver in two and make it half silver half gold.
-------------------- Omnicyclion.org higher knowledge starts here
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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]
#27817722 - 06/13/22 02:23 PM (1 year, 7 months ago) |
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Yeah. I just can not bring myself to convert silver into gold at such low conversion ratio prices. It looks like I'm just going to have to stop buying silver and save higher ammounts for some gold.
I also horde copper pennies too. I think I have like 300 pounds of copper right now......not exactly sure what I plan to do with those, but lord forbid any thief tries to walk away with all that LOLOL.
I guess the good news with all those is they are still worth 1 cent... so I could always cash in... but like Silver, I'm just gonna have to hold it because no way I'm selling my copper pennies at face value of 1 cent when the metal value is nearing 3x face. This one is for the long...
But I am still a proponent that silver could go wild, anytime now.. like it did when it shot up to $50 an ounce like overnight a few years ago.
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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]
#27817856 - 06/13/22 04:22 PM (1 year, 7 months ago) |
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Quote:
Fiery said:
But I am still a proponent that silver could go wild, anytime now.. like it did when it shot up to $50 an ounce like overnight a few years ago.
I remember that, it was right at the time when all the stores stopped buying silver, server maintenance and all that, but you could buy and buy until you were flat broke. Right after silver came down they started buying again.
It reminded me of that time when. Palladium plummeted to like 250 an ounce. I wanted to buy with hands and feet, but suppliers the world over were all "out of stock" but guess what, when palladium shot up again they were all suddenly back in stock, and you'd never guess:it was same kind and number of coins and bars as before,almost as if they in fact twice tilted the table to prevent you from getting your fair share. Now coins and bars have extreme premiums as if they are numismatic for no.other reason.than again screwing the buyer unjustly.
A common krugerrand now in most places sells at the same premium as an art coin like a chinese gold panda, "just because", its infuriating.
-------------------- Omnicyclion.org higher knowledge starts here
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