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Silver still flying off the shelves

 
jlee2027
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02/07/2021 02:54 PM
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Silver still flying off the shelves
jlee2027  (OP)

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02/07/2021 02:55 PM
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Re: Silver still flying off the shelves
Anonymous Coward
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02/07/2021 03:01 PM
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Re: Silver still flying off the shelves
They'll be happy to take your orders since they're going to filling them at a lower cost, ACT NOW BEFORE REALITY SETS IN!

Again. secrets
jlee2027  (OP)

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02/07/2021 03:04 PM
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Re: Silver still flying off the shelves
They'll be happy to take your orders since they're going to filling them at a lower cost, ACT NOW BEFORE REALITY SETS IN!

Again. secrets
 Quoting: Anonymous Coward 77700141


Lower cost? LOLOLOLOL

Silver is MONEY.
_Trey_

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02/07/2021 03:06 PM

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Re: Silver still flying off the shelves
following
REaliZe
Yeshua saves!

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02/07/2021 03:07 PM

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Re: Silver still flying off the shelves
Bump.
There's. A. H0le. In. The. Sky.
Anonymous Coward
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02/07/2021 03:07 PM
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Re: Silver still flying off the shelves
They'll be happy to take your orders since they're going to filling them at a lower cost, ACT NOW BEFORE REALITY SETS IN!

Again. secrets
 Quoting: Anonymous Coward 77700141


Lower cost? LOLOLOLOL

Silver is MONEY.
 Quoting: jlee2027


O'Rilly? Tell me, when did you last make a car payment in silver?

tard
Agent 99

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02/07/2021 03:08 PM

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Re: Silver still flying off the shelves
Can you explain the silver squeeze thing.

So paper silver is entirely different than physical silver. Paper silver is going to end up in class action suits because they can't produce the physical and lots of people will lose tons of money. We know this part.

Physical is limited. Supply and demand. What will this distribution to personal ownership do to the price of silver this coming year? No one has been able to answer this accurately, with wild speculation up to 25k per oz. Then all kinds of estimates of price to ratio that doesn't make sense.

Reasonable estimates are Gold 5000 per oz. Silver 70 per oz. But what determines these prices?
jlee2027  (OP)

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02/07/2021 03:12 PM
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Re: Silver still flying off the shelves
They'll be happy to take your orders since they're going to filling them at a lower cost, ACT NOW BEFORE REALITY SETS IN!

Again. secrets
 Quoting: Anonymous Coward 77700141


Lower cost? LOLOLOLOL

Silver is MONEY.
 Quoting: jlee2027


O'Rilly? Tell me, when did you last make a car payment in silver?

tard
 Quoting: Anonymous Coward 77700141


The day is coming when an ounce of silver will pay the entire car, not just make a payment.
jlee2027  (OP)

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02/07/2021 03:18 PM
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Re: Silver still flying off the shelves
Can you explain the silver squeeze thing.

So paper silver is entirely different than physical silver. Paper silver is going to end up in class action suits because they can't produce the physical and lots of people will lose tons of money. We know this part.

Physical is limited. Supply and demand. What will this distribution to personal ownership do to the price of silver this coming year? No one has been able to answer this accurately, with wild speculation up to 25k per oz. Then all kinds of estimates of price to ratio that doesn't make sense.

Reasonable estimates are Gold 5000 per oz. Silver 70 per oz. But what determines these prices?
 Quoting: Agent 99


Hold silver until it's money again. The historical buying power is there - one ounce = anywhere from 6 to 10 days of wages, Rome to Great Britain.

In China, before Christ, Sun Tzu - wrote the Art of War, reported to keep, feed, equip an army of 100,000 men, for a single day, required 1,000 ounces of Silver. The value of silver, in history, is undeniable.
Mac34

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02/07/2021 03:19 PM

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Re: Silver still flying off the shelves
More and more people know what coming inflation explosion on the horizon.
Beachsunset
_Trey_

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02/07/2021 03:25 PM

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Re: Silver still flying off the shelves
so...bars vs coins...for long term?

Last Edited by _Trey_ on 02/07/2021 03:25 PM
Larry D. Croc

User ID: 70736097
United States
02/07/2021 03:33 PM

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Re: Silver still flying off the shelves
Can you explain the silver squeeze thing.

So paper silver is entirely different than physical silver. Paper silver is going to end up in class action suits because they can't produce the physical and lots of people will lose tons of money. We know this part.

Physical is limited. Supply and demand. What will this distribution to personal ownership do to the price of silver this coming year? No one has been able to answer this accurately, with wild speculation up to 25k per oz. Then all kinds of estimates of price to ratio that doesn't make sense.

Reasonable estimates are Gold 5000 per oz. Silver 70 per oz. But what determines these prices?
 Quoting: Agent 99


Once upon a time...a dollar was backed by one ounce of silver and a twenty dollar bill was backed by one ounce of gold.

There are those who maintain that this "historic" ratio is the correct one.

It's akin to saying that since at one time people used horses for transport that we should maintain that an no automobile should have an engine that produces more than one horsepower.

It comes down to supply and demand. Which means the prices of gold and silver will vary and don't have any fixed value ratio unless a government decided to create such a relationship with a precious metal vs. fiat currency.

There really hasn't been a "distribution to personal ownership" at this point. Current owners have sold into the rallies, new owners have purchased what was sold.

That may change if the demand for physical silver continues and grows. If that demand does not persist and grow this is all much ado about nothing in my view. And yes, I've owned precious metals at one level or another for 55+ years.
"Socialism only works in two places: Heaven where they don't need it and hell, where they already have it." Ronald Reagan

The trouble with our liberal friends is not that they're ignorant; it's just that they know so much that isn't so." Ronald Reagan

"Government's view of the economy could be summed up in a few short phrases: If it moves, tax it. If it keeps moving, regulate it. If it stops moving, subsidize it." Ronald Reagan
Larry D. Croc

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02/07/2021 03:35 PM

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Re: Silver still flying off the shelves
so...bars vs coins...for long term?
 Quoting: _Trey_


Widely recognized coins.

Bars are easy to counterfeit and you may well run into buyers wanting a current assay (which you as the seller would pay for) before buying any of your bars.

Coins can be counterfeit as well. I focus on circulated 1964 and before US dimes, quarters, and half dollars as well as Peace and Liberty silver dollars. Widely recognized, easy to sell/buy.
"Socialism only works in two places: Heaven where they don't need it and hell, where they already have it." Ronald Reagan

The trouble with our liberal friends is not that they're ignorant; it's just that they know so much that isn't so." Ronald Reagan

"Government's view of the economy could be summed up in a few short phrases: If it moves, tax it. If it keeps moving, regulate it. If it stops moving, subsidize it." Ronald Reagan
SpeakerOfDarkSentence​s

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02/07/2021 03:37 PM
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Re: Silver still flying off the shelves
And the more people buy silver, the spotprice goes down.
jlee2027  (OP)

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02/07/2021 03:39 PM
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Re: Silver still flying off the shelves
And the more people buy silver, the spotprice goes down.
 Quoting: SpeakerOfDarkSentences


That's because the banks are trying to kill the demand off. They cannot deal with the demand.
Buy more in response.
_Trey_

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02/07/2021 03:51 PM

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Re: Silver still flying off the shelves
so...bars vs coins...for long term?
 Quoting: _Trey_


Widely recognized coins.

Bars are easy to counterfeit and you may well run into buyers wanting a current assay (which you as the seller would pay for) before buying any of your bars.

Coins can be counterfeit as well. I focus on circulated 1964 and before US dimes, quarters, and half dollars as well as Peace and Liberty silver dollars. Widely recognized, easy to sell/buy.
 Quoting: Larry D. Croc


Thanks a lot.
Larry D. Croc

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02/07/2021 03:53 PM

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Re: Silver still flying off the shelves
so...bars vs coins...for long term?
 Quoting: _Trey_


Widely recognized coins.

Bars are easy to counterfeit and you may well run into buyers wanting a current assay (which you as the seller would pay for) before buying any of your bars.

Coins can be counterfeit as well. I focus on circulated 1964 and before US dimes, quarters, and half dollars as well as Peace and Liberty silver dollars. Widely recognized, easy to sell/buy.
 Quoting: Larry D. Croc


Thanks a lot.
 Quoting: _Trey_


You're welcome.
"Socialism only works in two places: Heaven where they don't need it and hell, where they already have it." Ronald Reagan

The trouble with our liberal friends is not that they're ignorant; it's just that they know so much that isn't so." Ronald Reagan

"Government's view of the economy could be summed up in a few short phrases: If it moves, tax it. If it keeps moving, regulate it. If it stops moving, subsidize it." Ronald Reagan
_Trey_

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02/07/2021 03:54 PM

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Re: Silver still flying off the shelves
so other countries 1oz coins are safe for holding value? Austrian, Canadian, anything with the queen....?
Anonymous Coward
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02/07/2021 03:56 PM
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Re: Silver still flying off the shelves
They'll be happy to take your orders since they're going to filling them at a lower cost, ACT NOW BEFORE REALITY SETS IN!

Again. secrets
 Quoting: Anonymous Coward 77700141


go try to buy an ounce of silver for spot right now.

abduct
Anonymous Coward
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02/07/2021 03:57 PM
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Re: Silver still flying off the shelves
They'll be happy to take your orders since they're going to filling them at a lower cost, ACT NOW BEFORE REALITY SETS IN!

Again. secrets
 Quoting: Anonymous Coward 77700141


They wont be filling at lower cost.
Availability is almost non existent. Filling orders of Physical is going to get very expensive regardless of what the manipulated paper markets(SPOT) do.
Anonymous Coward
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02/07/2021 03:57 PM
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Re: Silver still flying off the shelves
And the more people buy silver, the spotprice goes down.
 Quoting: SpeakerOfDarkSentences


aint that somethin? meanwhile premiums go up
Larry D. Croc

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02/07/2021 04:10 PM

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Re: Silver still flying off the shelves
so other countries 1oz coins are safe for holding value? Austrian, Canadian, anything with the queen....?
 Quoting: _Trey_



Sovereign coins are always a good bet.
"Socialism only works in two places: Heaven where they don't need it and hell, where they already have it." Ronald Reagan

The trouble with our liberal friends is not that they're ignorant; it's just that they know so much that isn't so." Ronald Reagan

"Government's view of the economy could be summed up in a few short phrases: If it moves, tax it. If it keeps moving, regulate it. If it stops moving, subsidize it." Ronald Reagan
Hard Eight

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02/07/2021 04:11 PM
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Re: Silver still flying off the shelves
Kraken was $64-$66 most of last week. $84 now

[link to www.bordergold.com (secure)]

ETA- back at 66

Last Edited by Hard Eight on 02/07/2021 06:31 PM
Texas has yet to learn submission to any oppression, come from what source it may.
Sam Houston

"The beauty of the Second Amendment is that it will not be needed until they try to take it."
Thomas Jefferson

If you don't read the newspaper   
you are uninformed, if you do   
read the newspaper you are   
misinformed. -- Mark Twain

Giving money and power to   
government is like giving whiskey   
and keys to teenage boys.   
-- P.J. O'Rourke, Civil Libertarian
 
Anonymous Coward
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Austria
02/07/2021 04:14 PM
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Re: Silver still flying off the shelves


Only in the US though. No shortage over here.
Hard Eight

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02/07/2021 04:37 PM
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Re: Silver still flying off the shelves


Only in the US though. No shortage over here.
 Quoting: Anonymous Coward 80028405


Hmm. Maybe your govt. isn't trashing your currency.
Texas has yet to learn submission to any oppression, come from what source it may.
Sam Houston

"The beauty of the Second Amendment is that it will not be needed until they try to take it."
Thomas Jefferson

If you don't read the newspaper   
you are uninformed, if you do   
read the newspaper you are   
misinformed. -- Mark Twain

Giving money and power to   
government is like giving whiskey   
and keys to teenage boys.   
-- P.J. O'Rourke, Civil Libertarian
 
Anonymous Coward
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02/07/2021 05:16 PM
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Re: Silver still flying off the shelves
Loss of confidence in govt = hyperinflation
Anonymous Coward
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02/07/2021 05:31 PM
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Re: Silver still flying off the shelves
They'll be happy to take your orders since they're going to filling them at a lower cost, ACT NOW BEFORE REALITY SETS IN!

Again. secrets
 Quoting: Anonymous Coward 77700141


Lower cost? LOLOLOLOL

Silver is MONEY.
 Quoting: jlee2027


O'Rilly? Tell me, when did you last make a car payment in silver?

tard
 Quoting: Anonymous Coward 77700141


I bought my car using silver and gold. Of course I had to exchange it for toilet paper but I did.
Anonymous Coward
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02/07/2021 05:39 PM
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Re: Silver still flying off the shelves
so...bars vs coins...for long term?
 Quoting: _Trey_


Either or...it doesn't matter as long as they are easily recognizable.

You want 2 things stamped into the bar/round of metal...

1. 999 fine silver or 999 pure silver

2. One TROY ounce or 31.1 grams. (1 ounce is not good enough).


MC
Hard Eight

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02/07/2021 05:49 PM
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Re: Silver still flying off the shelves
richman
After buying and holding silver
Texas has yet to learn submission to any oppression, come from what source it may.
Sam Houston

"The beauty of the Second Amendment is that it will not be needed until they try to take it."
Thomas Jefferson

If you don't read the newspaper   
you are uninformed, if you do   
read the newspaper you are   
misinformed. -- Mark Twain

Giving money and power to   
government is like giving whiskey   
and keys to teenage boys.   
-- P.J. O'Rourke, Civil Libertarian
 
Anonymous Coward
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02/07/2021 05:53 PM
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Re: Silver still flying off the shelves
so other countries 1oz coins are safe for holding value? Austrian, Canadian, anything with the queen....?
 Quoting: _Trey_


Maples, Aussy kangaroos and buffalo rounds are 9999 pure silver

everything else is 999





GLP