He means from retail PM sellers, not from the folks who already bought some. Did I miss the sarc tag or did you really not understand what he was saying?
A few months ago someone bought $100 million in Silver Eagles and it was a very difficult task to fill it. In the video he is talking what is available for sale. All the big retailers make their orders at the end of year. He is not talking about what is already being held by smart people, they are not going to let theirs go until the price is right or until they absolutely must. He is talking about what is available for purchase by everyday people. It is in high demand by high tech and the price is suppressed/controlled, however; When it goes south they will not be able to suppress it and the amount available for sale is not something that can be increased quickly. Meanwhile the price goes up like a rocket. That is his point in the video, he explains it very well i thought.
Yeah, I was thinking they'll make higher and higher demands for silver, which will pump up the Price of Silver, and it will probably, depending upon demand for Gold, lower the Price of Gold, and at some point, when Gold is nearly at its lowest, or maybe lower than it was like 10 years ago, they'll dump all the Silver and buy up all the Gold at really cheap, which will deflate the price of silver down to nearly nothing....
I'll wait for the Silver Dump, then buy up For Delivery....
Marking a product "out of stock" has worked for them in the past.
Gold and Silver were practically unavailable from all dealers I've used during the lockdown. These ridiculous premiums mean nothing to them at 5-7$, if they hit $75, gold and silver can still trade at whatever they want them to trade at.
He is from Miles Franklin and he lays it all out. Further in, he says it very bluntly. Act now because when it happens, it will be gone in hours.
They would need to COLLECT all the Silver at some point, and there's lots of Americans who have fair sized quantities of it on hand....
So saying that One Billionaire could Buy it all, is a complete Fallacy, as it would take Decades to collect it all for delivery....
Some smart people have Pounds of it hidden away, like under a Trough at a Ranch, or under an old house floor, where people never go....
Collecting it all for Delivery is an impossibility....
He means from retail PM sellers, not from the folks who already bought some. Did I miss the sarc tag or did you really not understand what he was saying?
Oh so the entire thing, post, thread, Title, info, is ALL supposed to be nothing more than a ""Good Joke""....
Got it....
A few months ago someone bought $100 million in Silver Eagles and it was a very difficult task to fill it. In the video he is talking what is available for sale. All the big retailers make their orders at the end of year. He is not talking about what is already being held by smart people, they are not going to let theirs go until the price is right or until they absolutely must. He is talking about what is available for purchase by everyday people. It is in high demand by high tech and the price is suppressed/controlled, however; When it goes south they will not be able to suppress it and the amount available for sale is not something that can be increased quickly. Meanwhile the price goes up like a rocket. That is his point in the video, he explains it very well i thought.
Yeah, I was thinking they'll make higher and higher demands for silver, which will pump up the Price of Silver, and it will probably, depending upon demand for Gold, lower the Price of Gold, and at some point, when Gold is nearly at its lowest, or maybe lower than it was like 10 years ago, they'll dump all the Silver and buy up all the Gold at really cheap, which will deflate the price of silver down to nearly nothing....
I'll wait for the Silver Dump, then buy up For Delivery....
And Silver will still trade at whatever they say it is worth because everything is rigged.
...Until the market(s) collapse. Then all bets are off.
Marking a product "out of stock" has worked for them in the past. Gold and Silver were practically unavailable from all dealers I've used during the lockdown. These ridiculous premiums mean nothing to them at 5-7$, if they hit $75, gold and silver can still trade at whatever they want them to trade at.
If companies actually need silver to make things, they will have to buy at the real price.
My price is 100+ per ounce.
Right now the comex is doing deals off the exchange.
What does that mean “off the exchange”
I know the hit it pretty hard when it tries to go up.
The open contracts were settled afterhours,off the exchange so it doesn't affect price. One day they were their the next day gone.
Somebody message Elon on Twitter
https://silverseek.com/article/elon-musk-set-buy-his-own-silver-mine-bid-solve-biggest-weakness-pal-says
Did Musk ever buy that silver mine, or was it just a proposal?
Idk hadn't heard about that one