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Offlineashfiken
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Re: Silver - the most concentrated short of any commodity [Re: Asante]
    #27817935 - 06/13/22 05:20 PM (1 year, 7 months ago)

So the metals suffer the same issues cryptos can have or any market or exchange that purposely shutters to prevent additional carnage in a large sell off event.

It is common for those that hold any loot; whether they buy and sell, or just buy and hold their loot.
They are patient.

Everyone that wants to build wealth only wants to buy when the prices are low.

They are best utilizing their wealth, which oftentimes is directly translated into time spent to earn X currency working, and therefore want to deploy that personal investment in the most astute manner possible. At least the people that buy do, and the people that sell, BUY too! But even they don't want to buy when the price is high bc they have to give up some of their accumulated wealth (time/energy/etc.) To buy this item from you. This leaves the guy on the street just trying to trade in some silver for currency, stuck with only wholesale options to purchase their wares, at best. And if one needs the cash then it is all good. But that is the point as you talk about metals , you know they are a hedge on your wealth.
Unfortunately things are bastardized now and works where the precious metals themselves cannot just be common currency taken by any man.
Which all comes full circle to the fact as a commodity is heavily shorted/manipulated, and like you are saying their are allot of similarities with the other metals too.


--------------------
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InvisibleFiery
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Re: Silver - the most concentrated short of any commodity [Re: Asante]
    #27818009 - 06/13/22 05:56 PM (1 year, 7 months ago)

Quote:

Asante said:
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.









No, not here. I remember you said that before, but all the coin shops and places around here were still buying AND selling at $50 an ounce for a few hours....


See... and even when the price hit lows of $17.... the shops here still had plenty of silver to sell... so maybe you need a better dealer.


I've already mentioned this so maybe it's an American thing versus dutch .... but when the price hit $50 he said there was a line out the door and he bought and sold no matter what, so did the other shops.


That is the whole point of the premium.. it's a dealer fee. When silver is $50 he would buy for $47 and sell for $53..that's not robbery or scamming it's just commerce.


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OfflineForresterM
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Re: Silver - the most concentrated short of any commodity [Re: Fiery]
    #27818745 - 06/14/22 01:34 AM (1 year, 7 months ago)

Quote:

Fiery said:
Quote:

Asante said:
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.









No, not here. I remember you said that before, but all the coin shops and places around here were still buying AND selling at $50 an ounce for a few hours....


See... and even when the price hit lows of $17.... the shops here still had plenty of silver to sell... so maybe you need a better dealer.


I've already mentioned this so maybe it's an American thing versus dutch .... but when the price hit $50 he said there was a line out the door and he bought and sold no matter what, so did the other shops.


That is the whole point of the premium.. it's a dealer fee. When silver is $50 he would buy for $47 and sell for $53..that's not robbery or scamming it's just commerce.





:whathesaid:

That was my experience as well back when it was up near 50. You could go in any shop and sell or buy for $3 under/over spot.  :shrug:

Although now I will say it sure ain't $3 over spot anymore for non generic rounds.


--------------------
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InvisibleAsante
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Re: Silver - the most concentrated short of any commodity [Re: Forrester]
    #27843320 - 06/30/22 04:07 AM (1 year, 6 months ago)

Here is a sweet silverbug news item:



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InvisibleFiery
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Re: Silver - the most concentrated short of any commodity [Re: Forrester]
    #27846986 - 07/02/22 09:38 PM (1 year, 6 months ago)

Quote:

Forrester said:
Quote:

Fiery said:
Quote:

Asante said:
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.









No, not here. I remember you said that before, but all the coin shops and places around here were still buying AND selling at $50 an ounce for a few hours....


See... and even when the price hit lows of $17.... the shops here still had plenty of silver to sell... so maybe you need a better dealer.


I've already mentioned this so maybe it's an American thing versus dutch .... but when the price hit $50 he said there was a line out the door and he bought and sold no matter what, so did the other shops.


That is the whole point of the premium.. it's a dealer fee. When silver is $50 he would buy for $47 and sell for $53..that's not robbery or scamming it's just commerce.





:whathesaid:

That was my experience as well back when it was up near 50. You could go in any shop and sell or buy for $3 under/over spot.  :shrug:

Although now I will say it sure ain't $3 over spot anymore for non generic rounds.






Yeah...that's why I don't understand what Asante is saying about shops "closing the door" to buying when prices boomed and suddenly opening when prices dropped.


I'm still able to get generics for about 3 over, the premium on eagles and govt issues is staying around $10 over.



I think the American eagle ounces are cool and all, but if I"m buying silver I prefer to get it at the best premium obviously so I'm going for generics and maybe just a few eagles for fun!

I think what's going on right now in the A.S.E. market is more of a numismatics and supply thing than silver price.

But I *WILL* say this. People complaining now about a silver eagle being $30 ( about $10 over spot) will be wishing they paid even that when the price breaks free, and I firmly believe this manipulation will end, and certainly within my lifetime( knock on wood)


The problem is- it's a great time to be buying right now! With crypto and stocks and metals getting bear-ed hard I'm trying to diversify and invest as much as possible while stuff is still low!


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OfflineLoaded Shaman
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Re: Silver - the most concentrated short of any commodity [Re: Fiery]
    #27847181 - 07/03/22 12:46 AM (1 year, 6 months ago)

I've been buying generic silver (Sunshine Mint) all year long (since last summer, actually).

ASE's are way too high on the premium front right now.

If we hit $15 I'll buy two kilos.


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



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


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OfflineGorlax
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Re: Silver - the most concentrated short of any commodity [Re: Loaded Shaman]
    #27849044 - 07/04/22 12:06 PM (1 year, 6 months ago)

Here we are currently. Nothing has changed in the financial regime. Silver has only become more needed and scarce. The amount of solar that is being required now is astronomical. We are talking needing huge inventories of silver.

We are probably on the brink of a deflationary cycle coming up. You could def make an argument that cash would be the best thing to be in right now but we are currently in a high stagflation environment. I believe parking money into precious metals like #Silver that are bottomed is the move transitioning out of stagflation. It's arguable to be into cash during deflation to allow for liquidation purchases at massive discounts. I am a fan of both. I will be positioning my PM physical and cash accordingly. Things are never black/white with finance multiple interconnected networks and nodes feed into the system.

Here is the physical spot price of silver today. July 4th 2022. ~19.88



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InvisibleFiery
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Re: Silver - the most concentrated short of any commodity [Re: Gorlax]
    #27849065 - 07/04/22 12:25 PM (1 year, 6 months ago)

Quote:

Gorlax said:
Here we are currently. Nothing has changed in the financial regime. Silver has only become more needed and scarce. The amount of solar that is being required now is astronomical. We are talking needing huge inventories of silver.

We are probably on the brink of a deflationary cycle coming up. You could def make an argument that cash would be the best thing to be in right now but we are currently in a high stagflation environment. I believe parking money into precious metals like #Silver that are bottomed is the move transitioning out of stagflation. It's arguable to be into cash during deflation to allow for liquidation purchases at massive discounts. I am a fan of both. I will be positioning my PM physical and cash accordingly. Things are never black/white with finance multiple interconnected networks and nodes feed into the system.

Here is the physical spot price of silver today. July 4th 2022. ~19.88







Great report!! Thanks for sharing!


Personally, I treat silver like cash, sort of...... and at under $20, what a deal!

And it's undoubtable with the supply chain, fuel prices, and covid, that silver production is most likely going to be down, or at least a higher production cost.


I'm just waiting for the day that all this paper silver gets "called in" and it's not there for delivery. That's game over for the paper silver which is like 100x more "on paper" than there is actual silver. It's getting close I feel.


With the way the worlds going and people waking up to the governments and the stock markets bullshit, I'm seeing a massive explosion in the price of silver probably within the next 5 years.


The only bad news is, that I don't have tons of money to throw into it.


This might be the last great chance to buy silver at a discount.


Don't miss out! Gonna try to start selling some stuff I don't need like some of my rocks and minerals and other collectables that really are just nostalgic and convert that into silver.


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InvisibleAsante
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Re: Silver - the most concentrated short of any commodity [Re: Gorlax]
    #27849428 - 07/04/22 05:46 PM (1 year, 6 months ago)

Quote:

Gorlax said:

We are probably on the brink of a deflationary cycle coming up.





The big heads are all saying that but I totally don't see it happen.

Money is printed out the wazoo. everybody, people and businesses, have it hard. Transportation, hard, fuel prices, high. Covid as contagious as measles and more and more people are hugging up the big monkey man which will force government action.

"prices will go down"  bull-shite! I know everybody is trying to charm the snake back in the basket.

How, deflation?

Please enlighten me if you know more because I love to be wrong but I see all this spinning out of control increasingly.

Russia is providing Beklarus with rocket systems and wanbt to place nukes there while the developing nations are experiencinmg more famine than at any time during this century because of the fact that ukraine and russia sustained them

Noam Chomsky insists that what our politicians are doing is fan the threat of nuclear war to call putin's "bluff", a man who hasnt bluffed in his life.

More and more countries in europe are being cut off the gas.

You cant manufacture it, you cant tranbsport it, you can't dostribute it..

Its not looking good.

How will prices be going down?

I think you're rused by the good news bulls in a very bearish time.


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


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InvisibleFiery
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Re: Silver - the most concentrated short of any commodity [Re: Asante]
    #27849663 - 07/04/22 08:30 PM (1 year, 6 months ago)

Quote:

Asante said:

Please enlighten me if you know more because I love to be wrong






I can't explain WHY, but I just know I've read and watched multiple "experts" quote various reasons why we( at least in America) are about to go into a Recession.

And everyone is agreeing on one thing: the good news is- it's not going to be a really bad one...


The bad news is- That it's going to last a long time, a lot longer than previous recessions.



I don't know where these experts come up with that but I'm seeing it from multiple sources, like people who actually are deep into this shit and know stuff on BOTH sides of the fence are agreeing on that.

Like bulls and bears alike... democrats and republicans, men and women etc.... everyone ( the experts) are basically stating this as fact.


So I'm basically accepting that as a fact and bracing for a long drawn out recession, and making moves accordingly.





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InvisibleAsante
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Re: Silver - the most concentrated short of any commodity [Re: Fiery]
    #27849941 - 07/05/22 03:19 AM (1 year, 6 months ago)

My beef is with Deflationary.

We are going down the poop chute yes but NOBODY is lowering their prices, NOBODY but the billionaires increase in purchasing power, EVERYBODY gets screwed over by inflation, by rising prices.

every step of the supply chain is suffering so no one can lower prices.

Deflation is a ruse.

The only way I cab see deflation is when purchasing power drops faster than the price of goods, but thats still a form of inflation as both inflation and twisted deflation lead to you losing purchasing power.

We're going to be screwed no matter how they call it, the harvesting of our labor as wealth will not reverse.

It is anticapitalist to stop increasing the stranglehold on the populatiion.



"Lets play a game. When there is inflation I rob you of your purchasing power that you earned and when theres deflation i rob you of your purchasing power so fast prices come down so you wont starve in the street. Me? i pay no taxes, i outsourced your jobs."


--------------------
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Edited by Asante (07/05/22 04:01 AM)


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OfflineLoaded Shaman
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Re: Silver - the most concentrated short of any commodity [Re: Asante] * 1
    #27850801 - 07/05/22 05:31 PM (1 year, 6 months ago)

Keep stacking! Just ordered 10 more ounces (rounds) today.


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



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


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OfflineForresterM
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Re: Silver - the most concentrated short of any commodity [Re: Loaded Shaman]
    #27850835 - 07/05/22 05:54 PM (1 year, 6 months ago)

Any suggestions for a good place to order generic rounds or bars for as little over spot as possible?


--------------------
Repugnant is a creature who would squander the ability to lift an eye to heaven, conscious of his fleeting time here.
-------------------

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InvisibleFiery
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Re: Silver - the most concentrated short of any commodity [Re: Forrester]
    #27851004 - 07/05/22 07:23 PM (1 year, 6 months ago)

I don't promote them or anything but I know a lot of people in America use apmex.com or Jmbulllion.com


I've ordered from both before. Fast discreet free shipping. Used to be free shipping on orders over $100, now I think it's on orders over $300.



As far as their spot prices? Always the best I've seen, and very competitive.

Also, amazing selection!


The only place I can get better spot price ( and it's usually only by a dollar) is at my local pawn shop/coin shop.


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InvisibleFiery
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Re: Silver - the most concentrated short of any commodity [Re: Asante]
    #27851008 - 07/05/22 07:24 PM (1 year, 6 months ago)

Quote:

Asante said:


We're going to be screwed no matter how they call it, the harvesting of our labor as wealth will not reverse.






Yeah... I read all that you posted!

All we can do is the best we can! At this point I don't think "they" can be stopped.


Not in my lifetime at least.


But at least I Think I'll see silver break out in my lifetime* fingers crossed* and if not, I'll at least break somewhat even on my investment!


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OfflineForresterM
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Re: Silver - the most concentrated short of any commodity [Re: Fiery] * 2
    #27851455 - 07/06/22 03:22 AM (1 year, 6 months ago)

Im hoping enthusiastically and think you may be right about actual physical silver breaking free of it's false manipulation...


--------------------
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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OfflineGorlax
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Re: Silver - the most concentrated short of any commodity [Re: Asante]
    #27852191 - 07/06/22 02:56 PM (1 year, 6 months ago)

Quote:

Forrester said:
Any suggestions for a good place to order generic rounds or bars for as little over spot as possible?




https://www.patriotmetals.net/about used to accept bitcoin I bought some of the kilo stackers from them. Really nice.


Quote:


How, deflation?






This is how the markets cycle. You can see here.


We are currently in stagflation we are seeing GDP - slowing and CPI - rising. When the fed starts to rate hike. Which they will do several times we will start to begin to break the camels back. Technically we are already in a recession by the Atlanta FED they are predicting a negative GDP print..we already had 1. 2 means recession. People will begin to start liquidating assets like spare vacation homes, RVs, and the likes. This then significantly increase the supply. If you check the futures today we are already starting to see deflation across all commodities. Some of these have dropped 50% or more in the last month.



Check out cotton.



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OfflineLoaded Shaman
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Re: Silver - the most concentrated short of any commodity [Re: Forrester]
    #27855594 - 07/09/22 04:36 AM (1 year, 6 months ago)

Keep stacking, shroomies! Great time to grab some Au, as well.


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



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


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InvisibleAsante
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Re: Silver - the most concentrated short of any commodity [Re: Loaded Shaman] * 1
    #27855725 - 07/09/22 08:06 AM (1 year, 6 months ago)

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.


--------------------
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higher knowledge starts here


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InvisibleFiery
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Re: Silver - the most concentrated short of any commodity [Re: Forrester]
    #27855759 - 07/09/22 08:41 AM (1 year, 6 months ago)

Quote:

Forrester said:
Im hoping enthusiastically and think you may be right about actual physical silver breaking free of it's false manipulation...




I think now,  more than ever in history this is possible ......in the near future... I'm hoping it will hold off for at least a year or two though so I can stack more before silver goes back to $50 and then who knows... $100+??



The paper manipulation is going to crash and burn when people go to get their metals and they aren't there.


There's more than 100x the amount of paper silver than there is actual physical silver.

Just how long do you think that can last!??!



Quote:

Loaded Shaman said:
Keep stacking, shroomies! Great time to grab some Au, as well.




totally!


I just had a few hundred bucks to spare this week so I threw most of it at some silver and the rest a tad bit into crypto and little into stocks.



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