Odd thing: I go to Kitco.com daily to see the price of silver just as a check on what the market thinks about the economy, and lately it has been dropping in price / troy oz. Today, it's a mere $21.66, but earlier this year it had been over $25.
Any idea why silver, if a crash is imminent, would be falling in price? I would think that people in the know would be rushing to buy silver (or gold) if they knew the market was going to crash, and drive up the price.
Precious metals are liquid and they often drop with everything else at the beginning of crashes as investors sell to cover other liabilities. Give it a few weeks or months and they shoot upward though.
Aha! Thinking you may be right. I don't own one penny's worth of PAPER silver, I've stacked physical silver over the years... and not as an investment either. I just get it a few ounces at a time, put it away and forget it's there. It is SOLELY for the purpose of barter if our currency ever collapses and is worthless. I will still be able to barter silver for necessities.
10 silver eagles at spot price when you buy a tube of Sword of Truth 1oz generic coins available right now at SD Bullion. Not sure if that’s exclusive to their email list or available to all. Also have 10oz Britannia bars for $239. Buy the dip, lowest price in the last 6 mos.
happens before crashes. value is shorted hard. big money rolls in and buys low. price jumps, retail chases the increase, big money resets and plan next crash.
it's a repeated pattern. they do this till system breaks, then create new system.
Good to know that, although I've suspected it for a long time now. Over the years I've bought silver anywhere from $12/oz up to $25/oz... I pick pieces up at antique places where they are sometimes under-priced, to gun shows and other venues. At this time I calculate I have something short of 400 troy ounces, which should see me and my wife through a long term crisis.
I once read somewhere -- don't ask me where -- that if the currency collapsed silver could shoot to $1,600/oz. I'll wait and see on that one, but I didn't buy my silver as an investment, but rather as a hedge against collapse of the currency when barter is the only way to obtain necessities.
The silver market is very controlled - London can fix the price to any value they want. Paper silver outnumbers real silver by almost two orders of magnitude.
Well I pity anyone holding paper ANYTHING...gold, silver, platinum... in a crisis, those certificates might make good kindling to start a fire, as their actual value would also be in smoke. I prefer to hold physical, solid silver.
Odd thing: I go to Kitco.com daily to see the price of silver just as a check on what the market thinks about the economy, and lately it has been dropping in price / troy oz. Today, it's a mere $21.66, but earlier this year it had been over $25.
Any idea why silver, if a crash is imminent, would be falling in price? I would think that people in the know would be rushing to buy silver (or gold) if they knew the market was going to crash, and drive up the price.
Precious metals are liquid and they often drop with everything else at the beginning of crashes as investors sell to cover other liabilities. Give it a few weeks or months and they shoot upward though.
Aha! Thinking you may be right. I don't own one penny's worth of PAPER silver, I've stacked physical silver over the years... and not as an investment either. I just get it a few ounces at a time, put it away and forget it's there. It is SOLELY for the purpose of barter if our currency ever collapses and is worthless. I will still be able to barter silver for necessities.
Fake pricing based on paper (ETFs)
They crush the paper price to acquire more physical before the implosion. So should you 😎
10 silver eagles at spot price when you buy a tube of Sword of Truth 1oz generic coins available right now at SD Bullion. Not sure if that’s exclusive to their email list or available to all. Also have 10oz Britannia bars for $239. Buy the dip, lowest price in the last 6 mos.
Cough cough ahem, uh hello sir, might I ask you where you're seeing $235 bars? Asking for... uhhh a friend.
Check out monument metals. They’ve had the best prices lately that I’ve seen.
As low as $237
https://www.goldenstatemint.com/10-oz-Den-of-Thieves-Silver-Bar.html
I would also like to know. 280 FRN is the lowest I've seen lately for 10oz
Thx fren.
Keep in mind the physical premiums though. You'll not find physical at the spot price. I just paid 28 a couple of days ago for non sovereign.
Anyway, can you point me to the rumors you mention? Need a hit of that hopium. TYIA
Possibly still being manipulated..,
happens before crashes. value is shorted hard. big money rolls in and buys low. price jumps, retail chases the increase, big money resets and plan next crash.
it's a repeated pattern. they do this till system breaks, then create new system.
Silver price is 100% rigged and suppressed.
Good to know that, although I've suspected it for a long time now. Over the years I've bought silver anywhere from $12/oz up to $25/oz... I pick pieces up at antique places where they are sometimes under-priced, to gun shows and other venues. At this time I calculate I have something short of 400 troy ounces, which should see me and my wife through a long term crisis.
I once read somewhere -- don't ask me where -- that if the currency collapsed silver could shoot to $1,600/oz. I'll wait and see on that one, but I didn't buy my silver as an investment, but rather as a hedge against collapse of the currency when barter is the only way to obtain necessities.
I've also invested in lead to protect the silver.
I buy mine as an investment. I believe once the manipulation stops and silver runs free, it will be at gold price now.
To each his own. I just have a bunker mentality and store up food, water, lead, and silver for the day when we will be in a Mad Max world.
The silver market is very controlled - London can fix the price to any value they want. Paper silver outnumbers real silver by almost two orders of magnitude.
Well I pity anyone holding paper ANYTHING...gold, silver, platinum... in a crisis, those certificates might make good kindling to start a fire, as their actual value would also be in smoke. I prefer to hold physical, solid silver.