Well, I waited on hold there for about 20 minutes and got a live person who said they got word today that they can't sell silver. The market is too volatile. "Have you hear what happened with Reddit?" she asked me. I said yeh, that's why I want silver. She said to call back next week. I'm not SOL. I went to my local pawn shops and bought em out of 1 oz .999 coins and a 10 oz bar. Also ordered some on ebay and on amazon last night. I'm ready for the ride!
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They are keeping the prices down. Silver hits 50$ and the paper silver market pops the whole market....
Yeah, I don't want paper silver. I'm sitting here counting my coins like Scrooge McDuck.
Don't count your Sheckles till the dealings done!
That's only when you're a Gambler. Holding silver isn't a gamble.
Do you happen to know why we are going after silver instead of gold? Or is gold next???
Gold is not oversold in the paper market as far as I know. Or atleast its not as oversold.
Once the banks over sold so much paper silver they created a monster. They have been trying to keep that monster in a cage with shorts.
The monster is fucking out.
Also its way to hard to barter gold coins for everyday shit. You will want silver coins for things like a gallon of milk and eggs.
So buying physical silver will screw the big banks?
no it will allow you to barter with for food and water when the whole thing collapses.
ok ya I didnt know about gold really at all.
But ya in 2014 they were leveraged 250:1. SO only 1 in 250 paper silver contracts could actually be fullfilled by real silver.
Its still the amount of money their paper silver contracts are worth will grow much much greater than their silver hordes appreciate at.
Because Ag is hyper-leveraged with derivatives. Soooo much garbage paper riding on top of very little physical. The bookmakers are in no position to pay out in physical if the gamblers want to take possession.
Wow! Thanks for clarifying this!
Lots of good info on this thread. Silver has been picking up since Friday. I bought some Friday, and again last night. Good luck https://wsbets.win/p/11SKLJwHXp/silver-breaks-apmex-stops-sellin/
Silver is highly undervalued.
Target should be 300$ - 1000$
Thank you! Gosh this is crazy. I'm trying to convince my husband to buy some physical silver.
show him this thread and tell him you don't want to have to tell him you told him so someday. Cuz that is a situation he won't like.
Buying silver is more negative for the banks, and the price is currently only just over half its all-time high, while gold has already hit new highs in the past six months.