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... ???
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.