The thing is some people I know were buying silver 20 years ago when it was $5- . so the question is how do you unload 100s or 1,000's of ounces whem the price skyrockets. There will be lines out the door to sell at the brick and mortar stores and a small window of opportunity to cash out. Plus these stores may not have the cash to buy if silver takes off.
The purpose of the squeeze is to bankrupt JP Morgan who is selling naked shorts to drive the price down, once it is found out that a vast majority of the silver inventory doesn't exist, game over for the fed. Gold will follow as well. This is needed to transition to the new economy and currency, and will happen while Biden is in office, he will be blamed. There will be no ride down from this, this is a once the history of man oppurtunity.
I don't think silver will go back to where it is now. It is low because it is being manipulated. When you remove the manipulation, then you will have a more normal price for silver. We don't know exactly what that will be as it depends on supply and demand.
You think it’s going to pop and you want to make a quick capital gain. Buy the paper. Specifically, an ETF. If you have large huevos then but a 2 beta or 3 beta ETF, and if you have DJT sized gonads than buy options or futures. Remember short term capital gain taxes are nearly double (for most people) than the taxes on long term capital gains. To qualify for LTCG you need to hold for a year. If you’re going to be speculating short-term, best to do it in an IRA so you don’t have to think about taxes.
You think it’s a good investment long term, or you think it would be valuable to own physical in case of economic Armageddon, then buy the physical, but be aware if you buy a lot of it then you have to store it and protect and if you do not end up using it to barter in a post-apocalyptic scenario, then you will have to sell it to someone in the future. The brokers make a spread when you buy and when you sell, and those will impact your returns. Also be aware of “opportunity cost”, or how much more money you would have made owning a business (stocks) or real estate. Both stocks and RE have historically created large amounts of wealth for people. Now I know, because I am also an anon, that the world may be about to be completely different, and NESARA/GESARA etc, but “the plan” cannot possibly include ruining ownership of businesses and real estate unless the government wants everyone to be bankrupt and dependent on them, which is kind of the opposite of what they are trying to achieve. IMO the new world will still reward stockholders and real estate owners, and if all your wealth was tied up in an investment that doesn’t grow or produce income, years from now you may look back with investment opportunity costs, and regret.
Trying to break the banks/economy? Good luck with that, you are up against a rigged system backed by trillions of capital and experienced sheisters.
Point is, know what you are trying to achieve, be realistic, and be careful.
Best wishes for you all in whatever you decide to do with your hard-earned money.
They main take away of why to buy physical silver is pretty simple, because then you actually own it. Buying SLV is buying a piece of paper that says there's supposed to be silver in a vault somewhere that makes that piece of paper valuable. They can do all sorts of extra manipulation and fudging of the rules when it comes to SLV.
Some basics on paper silver (SLV, contracts, futures.) When you buy these, you are taking possession of nothing. You are basically loaning the banks your money. And they will short these futures to keep the price artificially low, so that they do not have to pay you for the use of your money. How can silver be basically the same price it was 20 years ago?
By selling paper silver, and lots of it, the brokerages and banks create an illusion that there is an oversupply of silver on the market and drive the price down. Two things can break this illusion - 1) buy up all the physical silver on the market, driving the price up 2) hold the paper silver you have as long as you can stand it, let the price of it go way up and then cash in.
The thing is some people I know were buying silver 20 years ago when it was $5- . so the question is how do you unload 100s or 1,000's of ounces whem the price skyrockets. There will be lines out the door to sell at the brick and mortar stores and a small window of opportunity to cash out. Plus these stores may not have the cash to buy if silver takes off.
The purpose of the squeeze is to bankrupt JP Morgan who is selling naked shorts to drive the price down, once it is found out that a vast majority of the silver inventory doesn't exist, game over for the fed. Gold will follow as well. This is needed to transition to the new economy and currency, and will happen while Biden is in office, he will be blamed. There will be no ride down from this, this is a once the history of man oppurtunity.
I don't think silver will go back to where it is now. It is low because it is being manipulated. When you remove the manipulation, then you will have a more normal price for silver. We don't know exactly what that will be as it depends on supply and demand.
Apmex. Do they still have silver??
I was able to snag 5oz last night, wanted to buy more this morning and all items say "Notify Me". Wishing added more to the cart now
They have some 10 oz. Bars available today. Look at the Tombstone bar.
PSLV is sprotts fund, thats physical silver, isnt it? Cant find physical this weekend. Also mining stocks will pop as well,
I second this. Here's a good video on the current situation and how it relates to silver - https://www.youtube.com/watch?v=Jq0L5LOqLAU
They main take away of why to buy physical silver is pretty simple, because then you actually own it. Buying SLV is buying a piece of paper that says there's supposed to be silver in a vault somewhere that makes that piece of paper valuable. They can do all sorts of extra manipulation and fudging of the rules when it comes to SLV.
Some basics on paper silver (SLV, contracts, futures.) When you buy these, you are taking possession of nothing. You are basically loaning the banks your money. And they will short these futures to keep the price artificially low, so that they do not have to pay you for the use of your money. How can silver be basically the same price it was 20 years ago?
By selling paper silver, and lots of it, the brokerages and banks create an illusion that there is an oversupply of silver on the market and drive the price down. Two things can break this illusion - 1) buy up all the physical silver on the market, driving the price up 2) hold the paper silver you have as long as you can stand it, let the price of it go way up and then cash in.
They have problems, bigly.