It's well known and openly admitted and lawsuits have been won about manipulation in the precious metals markets.
The low side of the Gold to Silver ratio is about 100 to 1
The high side in history was 10 to 1
So if Gold inches up to $2500 oz... that puts Silver at $250
currently $27 - that might sound mad - until you think into the performance in many other assets, Tesla, Cryptos etc.
JPM, Barclays and all the spooks have gone out of their way to crush silver prices for decades - this is one way we can beat them.
Silver futures are a small market place - we can easily squeeze them out there.....
The Hunt Brothers did it in the 70s but they didn't have the viral power we have.... to get the masses behind them.
Locked and loaded. The silver shorts don't have a chance. Make sure to buy physical or take delivery on your contracts. WWG1WGA.
Can you perhaps explain a bit more what you mean by "buy physical or take delivery on your contracts"?
For someone who has never bought Gold/Silver before and doesn't know much about the Stock market, comments like these are the ones that make me hesitant to go out myself and buy silver/gold because I'm afraid I'll get scammed or buy on the wrong site.
Other below have suggested APMex, SDBullion or local coin shops.
Does "buy physical" mean you buy real silver and have someone else hold it for you? What does take delivery on your contracts mean?
I'm happy to help with what money I can afford to lose, but not really sure exactly what I have to do.
Buy junk silver on eBay. You want the real deal, no some contract or ETF that the market can fuck around with. You want real silver.
Buying junk silver is ideal because you can barter with it. Buying a silver bar means you’d have to slice off pieces while coins have the work done for you and markings which may say the coin is silver or a date you could look up and see if it’s silver.
WTAF?
Bro.....no.
If you are extremely experienced and know EXACTLY what you are buying; sure; buy off eBay. IMO, that goes for EVERYTHING nowadays; eBay and the whole internet are so full of fakes, scams, ripoffs; it's ridiculous.
eBay is the absolute, dead nuts LAST place anyone who ISN'T AN EXPERT should buy ANY precious metal.
JMBullion, APMEX, and several other large, extremely reputable sources are the best for noobs.
Your point about buying actual, physical metals; coins, bars, etc; is very correct though.
LOL at anyone who "invests in precious metals" but buys paper contracts... ???
the best for noobs is to not buy online at all
big metals distributors will take your money and then produce the silver
in a short squeeze this means that by the time your order is ready the proce will have gone up so much they will just send you your money back
buy from a local coin store
I agree with this to an extent.
It depends how high their markup is compared to the Internet. As long as they are reasonably fair and not totally gouging then yes you should support your local small business versus a communist multinational shit bird tech company like eBay.
compare two scenarios:
You buy online. Price is spot plus $1.50. You have to wait 3+ weeks for delivery.
You buy from brick and mortar shop. Price is spot plus $4.50. You walk out with it.
Is brick and mortar guy gouging you?
No.
He has to store, insure, and keep safe the thing you want and is doing so in a way that eliminates third party risk (the risk that the third party involved fails in giving your silver to the place you bought it from when you paid in advance).
He is serving his community and you should support that. Buying online supports the paper market of silver, which is what we want to bring down. He is not gouging you.
Yes, I understand and agree with you. sigh I'm gonna roll over to my local coin shop now..... ;-)
I only buy from sellers who have 100% ratings. Never had a problem. I had a problem with a gold dealer website that was supposedly reputable but after I made the buy the company was all of a sudden bought out and they were going to have to sort shit out and then I could expect my gold. I got a refund from paypal.
Yeah that works too, I guess..... I dunno I guess I just have a visceral reaction when I see "ebay" - I instantly think "scam / fake!"
Well that is good for you but I still believe that buyers should definitely beware on eBay and still do not think it is the best advice for people who are totally inexperienced with precious metals to run their first couple transactions through eBay.
Maybe either with the guidance of someone more experienced, or after you have learned a lot more about what exactly you are buying & the industry as a whole...
As always; buyer beware and YMMV.
Yeah, let me have some of the silver paper right there, lol. I don't know why anyone would take paper over physical silver/gold except, it's a 401k option.
Seriously! Even then, you can apparently do a self-directed 401k where you self-fund with precious metals or something like that..... I'm botching the terminology but you can definitely invest in real, physical PM's for your 401, maybe IRA.
Agree. Thanks fren.
How do you "slice off pieces"?
You don't. Don't buy 10 oz bars. Buy 1oz coins or even 90% dimes, quarters and half dollars. There are also 40% coins but I stay away from those. I try to mostly stay with 1oz .9999 pure rounds.
I know for sure I have seen gold manufactured in this way, and I'm sure they have silver; I just haven't looked nor seen it, but; they make credit card-sized sheets of gold that are pre-perforated so that you can break off fractional amounts of it to barter or trade with.
A pretty good idea actually...
Here it is!
https://www.apmex.com/product/74946/50-x-1-gram-gold-valcambi-combibar-in-assay
https://www.youtube.com/watch?v=I-dL6g8eofY
There are a few options for getting into the silver market. There is physical purchases from reputable dealers. There is buying a silver ETF which gives you exposure to the silver price, but you don't physically own it. There are futures contracts for larger amounts that can either be settled for cash or physical delivery(take delivery). Jewelry manufacturers and bullion dealers are the types that typically take delivery. The futures market trades in large quantities of silver (5000 ounce contracts) so is not usually the way retail investors go, but if you have the money and are investing long-term, taking delivery on a futures contract is a good way to keep the silver market honest. If you are just getting started, small physical purchases are probably the way to go, but I can't give you any advice since I don't know your personal situation and risk tolerance. For someone just looking to make a short-term trade, the ETFs are an option, though I personally don't like them because electronic markets can be more easily manipulated.
buy from a local coin store
this is the ONLY WAY to eliminate third party risk
Agreed. There is always SOME risk, but a local dealer is the safest.
There is no COUNTERPARTY risk at a dealer though
not is there risk of not being able to take delivery if you walk in with cash and walk out with silver
that is the only risk I am referring to
Agreed. I was referring to the very slight risk of getting fake silver (more likely on ebay) or getting robbed on the way home. There is risk with everything, but in-person sales are still best.
Your post needs more visibility because it's a great, short explanation. Enough information to give the newbie buyer a starting point with all the right terms to input into a search engine. I hope more people just starting can see it.
Thank you. If you are interested, Peter hug has a balanced view on the subject. He just did an interview with kitco here: https://www.youtube.com/watch?v=2pIDNcHhhO0
I haven't watched his interviews but I've been following the silver news since around 2008. I'll watch this interview. For anyone else reading, a good starting point is Mike Maloney's series "Hidden Secrets of Money" for basic information. Full disclosure: he is a dealer of gold and silver.
I will second that recommend on Mike Maloney.
You can order bars or rounds online or buy physical and keep it yourself. This is BY FAR the safest option. Bird in the hand, as they say.
Craigslist and eBay are rife with fraudsters. But coin shops often sell rounds.
Good luck. Go buy some locally today.
I bought a lot in pawn shops and at gun shows as well. Plus pay in cash and there is no record of physical transfer.
I was lucky enough to pick some up when it dipped down into the $12s (although with the premium it was in the upper $14s). That is when the big push happened and within a few weeks - once silver came back in stock, it had doubled. It really hasn't fallen since then, it fluctuates between 25-30 now.
What affect will reddit hitting the paper market have on the physical market - I see physical is already up over a dollar today? I went ahead a purchased a few shares of $SLV for the hell of it, but I primarily hold physical. Will this have a permanent impact on the market or just cause it to spike for a few weeks? Can they really do damage to JPM... who has been holding silver down?
you will never be scammed if you walk into your local coin store and ask for silver bullion
MY SILVER IS READY
Oh boy.... and people think gme is the end lol
Right, got some silver too, been buying for 10 years or so, a little here a little there.
The Hunts used leverage, and then they changed the rules on them similar to what they are doing with GME. They were locked out from buying and so sales dropped the price and bankrupted them. That is why buying physical is so important. Once you own an ounce of silver free and clear in your own hands, they can't manipulate the market with that ounce anymore.
naked shorts silver
~that's where you're wrong kiddo~
Best place to buy?
https://www.apmex.com/
Cast bars on APMEX? Thoughts?
Thank you
Thanks
Been using JM Bullion for 8 Years. Very pleased.
Jm bullion recently was hacked and accounts exposed. Go with SD bullion.
Here is the details of the story about the hack.
I hope this helps.
I second APMEX. I buy all my silver from them. Either fractional ounce bullion weights or junk.
Same. When I do buy outside of pawn shops and gun shows, I use APMEX or Universal Coin.
jmbullion has veteran discounts
I've bought many times from provident metals, and trust them to safely ship metals.
Silver is seriously undervalued,
silver bars or silver stocks?? i don’t understand what any of this means but i want to invest. any tips or “for idiots” way u could explain this??
Why do you recommend American Silver Eagle and not other rounds?
Buy physical, keep in safe place you can easily and quickly access and keep the circle of people who know very small.
Why would you ever buy paper stocks of a metal, instead of actually owning the metal yourself?!!?! Paper can be burned up and falsified. Actual silver metal in your safe cannot
Hang on just wait until Monday lol
Why's that?
I am planning to buy some this Monday
Brick and Mortar coin shops. Just bought me a kilo in brand new shiny Oz coins
We the People need to get back to supporting local business. Including the coin shops. Much fascinating history captured in coins. BUY LOCAL PS When Team Trump is done with Amazon; which includes their delivery service(USPS). Local busines will strive. USPS needs a total overhaul... AMERICA FIRST needs to happen at USPS
For many months now I've been seriously wanting to get into PMs; actual, physical metals; coins, bars, etc.
Is it really a great time to buy in??
I should prob stop over-analyzing / analysis paralysis and just fucking do it, huh?
Make it rain.
A fren told me that strippers don't like it when you throw coins at them.
Go figure.... ???
silver and flare spark on bitrue and xrp. will make $$$$$$$$$$$$$$$$
Sounds like a plan america ??
At $250 silver is extremely undervalued.
$100 an oz is the first target from there compared to cryptos $250 is quite possible, $500 - $1000 could happen if the SHTF big time.
It should be 10k an oz of gold and 1k an oz of Silver....
You can barely even mine silver on it's own - there are hardly any pure silver mines...
I don't understand.
How does spending dollars on silver allow me to have purchase power on everyday things like gas, drink, food, etc?
Someone explain? Thanks.
Anyone trying uniswap yet?
For this to work it will take 2 weeks of accumulating if we collectively do it. <$25. This would then work. Silvers will go up regardless now that 8 major hedge fund groups are about to liquidate. Others stocks.. I expect collapse
How does one buy silver
BUY BUY BUY
Hold it yourself
Now is not the time to buy silver. Rule #1, buy low, sell high.
How is silver high? It is half of its all-time high, and adjusted for inflation it is just about the cheapest it has ever been.
Do you even know how to read a chart? Previous metals are a hedge against inflation. Thete is no inflation. I made $50k in paper gains in the market alone last 6 months. No way you could have made that in silver?
Wow, that's completely untrue. Not only is inflation present (all the QE within the last year by the Fed for instance), but it's going to be even worse with commies running the government, good lord. Do you even know what inflation is?
Inflation refers to the lessening buying power of paper money. It doesn't apply to commodities. A silver dime could buy a loaf of bread 60 years ago, and it still can today. So the value of silver hasn't changed much, but the value of paper money has gone down the toilet.
That's the simple explanation. Of course silver is changing a little bit because of growing scarcity caused by irrecoverable losses in manufacturing and the slowdown in mining. But it has changed very little in my lifetime of watching things.
is it worth to buy let's say 1kg of silver ? its far less expensive than gold.
Silver's ratio to gold is totally out of whack right now. It's a bargain compared to gold. Also, being worth less compared to things you want to buy, it's better to have for buying small things, if the SHTF. Gold is better for larger purchases. Think of how money was many years ago. We had silver dimes, quarters, half-dollars, and dollars. And then there were $5, $10, and $20 gold coins. You could buy a loaf of bread for a single silver dime, and it would only take 15 or 20 gold $20 pieces to buy a car.
If you have extra money, then go for the silver. But you need to have everything else squared away first, food & water, defense, tools, communications, etc. Gold and silver are for storing your wealth through a disaster and help set you back up when things get back to normal.
ok thanks, i'll go for silver. I don't think survivalism is a good option, the NWO is going to apply everywhere via 5G. We can't survive on our own there will be army against us, but it's just my opinion.
Yea bud, masters in economics here. I own 3 houses free and clear and am sitting on a quarter million in cash. I've done ok, but thanks for your concern.
Why do you show up on the wrong side of everything?
I've been reading charts for decades. You?