Silver is The Achilles' Heel to the Entire Economic System
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Buy PHYSICAL silver, not paper. Hold it in your hot little hand. It has been shorted in the most major way and will never go back down enough for you to lose your investment. Paper could "accidently" "disappear."
I have bought a couple of bars, I don't know a lot about silver and gold what would be a good amount at this price, The only place I've seen that has a good amount to buy is ebay.
I wouldn't buy on Ebay. Some fake stuff on there. Only buy from a direct dealer that gets their bullion from the major mints. SD Bullion, APMEX, and JM Bullion are very safe. I haven't used them but Miles Franklin is very reputable but you have to call direct to order. They had some silver Britannia coins a couple of days ago but most likely out by now. It is really too late to jump on now. In these situations you have to be buying when nobody is talking about silver. As you are seeing, buying at any price is almost impossible now because the supply is gone.
Thank you! Yea I'm finding that out!
Does owning things made out of silver count? I'm not sure how this physical vs paper thing works.
I own some heirloom silver stuff. A tea set, tray, and a few other pieces. Not sure if the bars or coins are different? Sorry if this is a stupid question.
Well if you already own it then you aren't really making much of a difference to this silver short scenario--I'm not saying that's a bad thing but it's not going to add any extra pressure to them.
If your goal is to store value in the form of the bit of silver that you currently own then it's better than nothing, although it's probably sterling silver which is 92.5% silver and 7.5% copper, the silver that most people buy is .999 parts out of 1000 pure silver like for example the 'American Silver Eagle' 1oz bullion coin (usually bought more than one at a time). I only mention this because people prefer .999 silver that is recognisable like the American Silver Eagle for instance.
Paper silver is some form of trading mechanism that they use on the commodities exchange (COMEX) and as far as I understand it they manipulate the price of silver and gold using the paper silver/gold by trading it back and forth between themselves without actually having to move the metals. While doing this they somehow take profit based on their knowledge of the price moves (I believe the market reacting to their activity).
The thing with the paper silver is if everyone who owned it asked for delivery they wouldn't have enough silver to cover it by a long shot, there are provisions that they can settle the trade in cash based on the value of the silver they own but the reality is if people all of a sudden wanted to take delivery of their silver it would cause a bit of a furor because they just can't satisfy the potential demand and expectations would be challenged. I believe that the expectation is that they would get silver and not realise it's within the exchange's right to settle in cash.
This is a really rough (possibly misguided) explanation as I'm not all that interested in the specifics of this stuff but it might give you a starting point to look into.
Someone recommended this earlier if you can be bothered to watch it, there is some good info there: https://youtu.be/CjBR0iGDmZA
Thank you for sharing! That makes a lot of sense. I have no idea what kind of silver I have. They were my moms and possibly my grandmother's before???
You make a good point that what I have doesn't affect the market in any way. Duh lol ?♀️
The paper thing makes complete sense vs the physical. Paper is just paper if there is no silver to back it up. So I assume that buying physical silver will still drive the price up the same as buying the paper stocks. I find it very interesting.
Yes basically the factor at play here is sentiment, if more and more people start trying to get silver based on their perception of it's value, it drives the price up and also lowers available supply which would make it increasingly more difficult for the banks to keep up their manipulation.
Generally speaking, tea/coffee sets are made of sterling and sometimes coin silver-i.e. .800-.950 silver content, bullion rounds/bars are made of .999/.9999 pure silver. Thus the flatware WILL have value related to actual silver content-but to exchange that value for fiat $$ in this the final acts of the fiat play would not be good. There is a possibility that once the gold standard is established, the superior examples of tea sets would be in the priceless category.. This comes from 20 years of buying and selling silver in many forms.
Thank you for sharing your knowledge with me! I have no idea what the set I have is made from. I inherited them when my mom passed away, and I have no idea where she got them or how old they are. I'm wondering if they were possibly my grandmother or great grandmothers, but I'm not sure.
I would never sell them because I find them beautiful and they have sentimental value, but it would be nice to know if they had any "real" value.
I just bought 6 1oz coins at about $200, never bought it before. I thought, Why not...?
I picked up 1k in silver coins. What's the worst that can happen? I can break even? It's a win win.
https://www.jmbullion.com/1-oz-trump-presidential-silver-round/
Just bought one.
What happens to the price of silver when they start making everyday currency out of it again. Depending on how much silver they put into denominations and how much of it banks back the dollar with it even a couple Oz could be worth a shitload.
OTOH, vintage coinage (except for the truly rare pieces) could be worth a significate larger amount as 'scrap' to exchange for gold back $$. SO, don't sell for fiat $$...
GME, DIAMOND HANDS< SILVER=LARP 2/3 worlds silver is in reserves, a moon shot squeeze isn't possible, <not a financial adviser, mildly retarded.. do some fucking research...
Yep! Citadel is #5 shareholder in SLV trying to drive up the cost to cover the GME squeeze.
https://www.reddit.com/r/wallstreetbets/comments/l9runf/the_silver_squeeze_is_a_hedgefund_coordinated/
Thank you!
Exactly. The reserve holders don't want to see the prices go up because they hate successful investments so they will sell their reserves at lower prices to the shorts so the shorts can cover...... DEEERRRRRRPPPPPPP......
https://www.reddit.com/r/wallstreetbets/comments/l9runf/the_silver_squeeze_is_a_hedgefund_coordinated/
Max Keiser called this 10 years ago.
I have been seeing people call this since 2000 and they probably called it before but I wasn't interested. David Morgan, Ted Butler, Peter Schiff, etc....
Maybe this is what Q meant by "AG Bar(r)" ?
https://www.reddit.com/r/wallstreetbets/comments/l9runf/the_silver_squeeze_is_a_hedgefund_coordinated/
No. Just, don't.
This video was about physical silver, not SLV.
True. Lots of misinformation.