Silver still flying off the shelves | |
jlee2027
(OP) User ID: 76568830 United States 02/07/2021 02:55 PM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 77700141 Australia 02/07/2021 03:01 PM Report Abusive Post Report Copyright Violation | |
jlee2027
(OP) User ID: 76568830 United States 02/07/2021 03:04 PM Report Abusive Post Report Copyright Violation | |
_Trey_
User ID: 37509644 United States 02/07/2021 03:06 PM Report Abusive Post Report Copyright Violation | following |
REaliZe
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Anonymous Coward User ID: 77700141 Australia 02/07/2021 03:07 PM Report Abusive Post Report Copyright Violation | |
Agent 99
User ID: 77082640 United States 02/07/2021 03:08 PM Report Abusive Post Report Copyright Violation | 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) User ID: 76568830 United States 02/07/2021 03:12 PM Report Abusive Post Report Copyright Violation | 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! Quoting: Anonymous Coward 77700141 Again. Lower cost? LOLOLOLOL Silver is MONEY. O'Rilly? Tell me, when did you last make a car payment in silver? The day is coming when an ounce of silver will pay the entire car, not just make a payment. |
jlee2027
(OP) User ID: 76568830 United States 02/07/2021 03:18 PM Report Abusive Post Report Copyright Violation | Can you explain the silver squeeze thing. Quoting: Agent 99 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? 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
User ID: 80027872 United States 02/07/2021 03:19 PM Report Abusive Post Report Copyright Violation | |
_Trey_
User ID: 37509644 United States 02/07/2021 03:25 PM Report Abusive Post Report Copyright Violation | |
Larry D. Croc
User ID: 70736097 United States 02/07/2021 03:33 PM Report Abusive Post Report Copyright Violation | Can you explain the silver squeeze thing. Quoting: Agent 99 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? 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 |
Larry D. Croc
User ID: 70736097 United States 02/07/2021 03:35 PM Report Abusive Post Report Copyright Violation | 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 |
SpeakerOfDarkSentences
User ID: 80003878 Norway 02/07/2021 03:37 PM Report Abusive Post Report Copyright Violation | |
jlee2027
(OP) User ID: 76568830 United States 02/07/2021 03:39 PM Report Abusive Post Report Copyright Violation | |
_Trey_
User ID: 37509644 United States 02/07/2021 03:51 PM Report Abusive Post Report Copyright Violation | 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. Thanks a lot. |
Larry D. Croc
User ID: 70736097 United States 02/07/2021 03:53 PM Report Abusive Post Report Copyright Violation | 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. Thanks a lot. 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 |
_Trey_
User ID: 37509644 United States 02/07/2021 03:54 PM Report Abusive Post Report Copyright Violation | so other countries 1oz coins are safe for holding value? Austrian, Canadian, anything with the queen....? |
Anonymous Coward User ID: 80012512 United States 02/07/2021 03:56 PM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 80027481 United States 02/07/2021 03:57 PM Report Abusive Post Report Copyright Violation | 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! Quoting: Anonymous Coward 77700141 Again. 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 User ID: 80012512 United States 02/07/2021 03:57 PM Report Abusive Post Report Copyright Violation | |
Larry D. Croc
User ID: 70736097 United States 02/07/2021 04:10 PM Report Abusive Post Report Copyright Violation | 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 |
Hard Eight
User ID: 75863275 United States 02/07/2021 04:11 PM Report Abusive Post Report Copyright Violation | 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 User ID: 80028405 Sweden 02/07/2021 04:14 PM Report Abusive Post Report Copyright Violation | |
Hard Eight
User ID: 75863275 United States 02/07/2021 04:37 PM Report Abusive Post Report Copyright Violation | 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 User ID: 79312913 United States 02/07/2021 05:16 PM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 79659346 United States 02/07/2021 05:31 PM Report Abusive Post Report Copyright Violation | 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! Quoting: Anonymous Coward 77700141 Again. Lower cost? LOLOLOLOL Silver is MONEY. O'Rilly? Tell me, when did you last make a car payment in silver? I bought my car using silver and gold. Of course I had to exchange it for toilet paper but I did. |
Anonymous Coward User ID: 78535467 United States 02/07/2021 05:39 PM Report Abusive Post Report Copyright Violation | |
Hard Eight
User ID: 75863275 United States 02/07/2021 05:49 PM Report Abusive Post Report Copyright Violation | 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 User ID: 79975052 Canada 02/07/2021 05:53 PM Report Abusive Post Report Copyright Violation | |