NOOOOOOOOOO!! It has to be PHYSICAL in your hands. DO NOT store in a bank. Why? What if there is a bank run? The security guards know where the keys are! As a matter of interest, for every ONE OUNCE OF PURE SILVER there are something like 75-100 OUNCES OF PAPER STOCKS. If things go belly up, what would the chances be of getting that 1 OUNCE OF SILVER? Zero!
Go to Lynette Zang. Also Economic Ninja. They are reporting daily - twice daily. Things are moving rapidly now.
Summary - do ASAP.
Liquidate non essential items be that electronics, it equipment, jewellery, luxury hand goods - anything of value to turn into cash very quickly. Have a huge garage sale asap.
Use that cash to buy in food, water, fuel, baby and pet needs, meds, etc. At least six months supply. Go to Pinterest where you can glean quantities for your size family and survival lists, ie rice, beans, tinned food, protein like peanut butter, honey, etc. DO NOT buy anything you don’t like. Only what you eat normally.
Get cash out of bank - leave enough for mortgage, cc payments etc.
Buy silver and gold. GOLD is for maintaining your wealth. Silver is for bartering.
I think they are one of the few companies that back each paper ounce they sell with physical? In other words, if you wanted to get your paper converted to silver, they will do this. So for those that don’t know this, normally if you buy SILVER STOCKS you would think that you can walk in and hand over your certificates and walk out with the physical silver. In 99% that is not so. It’s more like 1 ounce of physical silver to 75-100 ounces of paper. You’re competing with another 75-100 people to get that 1 ounce!! Try doing that if your NOT with First Majestic. Good move! Congratulations!!
Your understanding / explanation is incorrect. FM do not sell "paper ounces" (that's the COMEX). Shares in a mining company are not silver certificates or anything of the like, it's just equity in the company, just like any other equity stock.
FM do have an attached store where they sell their refined / minted silver directly to retail customers and do give a discount to purchasers who are also stock holders I believe.
Perhaps you're thinking of an ETF like Sprott (PSLV)
Everybody up in the trap into a CBDC, isn't it? So, the existence of a rival, I guess our Jew overlords will show us the righteous indignation of their mammon-God.
If you looked at the boards closely, you will have seen that a rise in gold and silver price comes at the expense of bitcoin and other crypto. Question: If you want to get rid of a rival, what would you do?
co-opt it. then redirect and let it die?
straight-on assault to kill it?
do nothing and let it kill itself?
I would opt for both. This way, people will perceive it as a way out, put their money in there, it might rise, and then let the hammer fall. Then people will demand something else. something more stable. Less prone to be used by unsavory people. It is easy to restrict access by regulation.
Once this rival is dead. What about PM? Why not dump its price into the abyss. In fictitious games this can all be done. It is merely a paper issue. The delivery of physical is a different matter.
The moment the restrictions on ownership of gold and silver start coming to market is the moment the black market price explodes into the stratosphere.
Consider then, anything below 100 dollars/ Euros for Silver and 2000 for Gold as a bargain. It may become cheaper, but then again: delivery may be an issue.
At the end of the day holding the physical metal will be the safest and best. Miner stocks will probably do well but if they are denominated in USD then what? The USD is what is gonna be shit on here.
Makes no sense how an oz of silver is still under $30. When gas in some places right now is upwards of 8.00/gallon. What about the fuel it takes to mine one of these operations? Blatant manipulation
Aside from stacking real silver, would holding metals stock be worth it or will all that crash down too?
NOOOOOOOOOO!! It has to be PHYSICAL in your hands. DO NOT store in a bank. Why? What if there is a bank run? The security guards know where the keys are! As a matter of interest, for every ONE OUNCE OF PURE SILVER there are something like 75-100 OUNCES OF PAPER STOCKS. If things go belly up, what would the chances be of getting that 1 OUNCE OF SILVER? Zero!
Go to Lynette Zang. Also Economic Ninja. They are reporting daily - twice daily. Things are moving rapidly now.
Summary - do ASAP.
Liquidate non essential items be that electronics, it equipment, jewellery, luxury hand goods - anything of value to turn into cash very quickly. Have a huge garage sale asap.
Use that cash to buy in food, water, fuel, baby and pet needs, meds, etc. At least six months supply. Go to Pinterest where you can glean quantities for your size family and survival lists, ie rice, beans, tinned food, protein like peanut butter, honey, etc. DO NOT buy anything you don’t like. Only what you eat normally.
Get cash out of bank - leave enough for mortgage, cc payments etc.
Buy silver and gold. GOLD is for maintaining your wealth. Silver is for bartering.
Exactly right! And as Lynette says "if you can't hold it, you don't own it"
My calls on First Majestic silver are up 72% in the last week.
I think they are one of the few companies that back each paper ounce they sell with physical? In other words, if you wanted to get your paper converted to silver, they will do this. So for those that don’t know this, normally if you buy SILVER STOCKS you would think that you can walk in and hand over your certificates and walk out with the physical silver. In 99% that is not so. It’s more like 1 ounce of physical silver to 75-100 ounces of paper. You’re competing with another 75-100 people to get that 1 ounce!! Try doing that if your NOT with First Majestic. Good move! Congratulations!!
Your understanding / explanation is incorrect. FM do not sell "paper ounces" (that's the COMEX). Shares in a mining company are not silver certificates or anything of the like, it's just equity in the company, just like any other equity stock.
FM do have an attached store where they sell their refined / minted silver directly to retail customers and do give a discount to purchasers who are also stock holders I believe.
Perhaps you're thinking of an ETF like Sprott (PSLV)
What is the game in town?
Everybody up in the trap into a CBDC, isn't it? So, the existence of a rival, I guess our Jew overlords will show us the righteous indignation of their mammon-God.
If you looked at the boards closely, you will have seen that a rise in gold and silver price comes at the expense of bitcoin and other crypto. Question: If you want to get rid of a rival, what would you do?
I would opt for both. This way, people will perceive it as a way out, put their money in there, it might rise, and then let the hammer fall. Then people will demand something else. something more stable. Less prone to be used by unsavory people. It is easy to restrict access by regulation.
Once this rival is dead. What about PM? Why not dump its price into the abyss. In fictitious games this can all be done. It is merely a paper issue. The delivery of physical is a different matter.
The moment the restrictions on ownership of gold and silver start coming to market is the moment the black market price explodes into the stratosphere.
Consider then, anything below 100 dollars/ Euros for Silver and 2000 for Gold as a bargain. It may become cheaper, but then again: delivery may be an issue.
At the end of the day holding the physical metal will be the safest and best. Miner stocks will probably do well but if they are denominated in USD then what? The USD is what is gonna be shit on here.
Is is minor or mining? 😀
Mining. The companies that do the actual mining of the gold/silver/platinum/whatever.
Makes no sense how an oz of silver is still under $30. When gas in some places right now is upwards of 8.00/gallon. What about the fuel it takes to mine one of these operations? Blatant manipulation