Since 2010, investors from India, China, United States, Germany, and Canada purchased a tad bit more than two billion ounces of silver bar and coin. To be precise, it was 2,004 million oz. The world's largest investor of physical silver bullion products turned out to be Americans.
Buy physical silver because otherwise you own a promise of silver. That promise is specifically worded so that they can bounce on their obligation to give you silver at any hint of insolvency.
If SHTF hard enough to make all paper money become toilet paper, promisory silver documents will join the paper money in your nearest latrine.
Interesting that he said it's not time for ETF's to buy until the Fed drops rates which is expect in June. Wow, I guess Gold will really soar at that time! Perfect timing to make the economy look like shit by election time....
......I do think Powell is working for the real Q+
Interesting tidbit: if silver would be NFSR compliant, the silver would end up with the "speculators" and the game would continue. By leaving it as is, there is a huge shortage, and the 3000 lots per buyer are being exhausted to the max.
Well, in terms of dollars, yes. It seems to me, watching the price action over the years, it is beneficial to also watch it in Euro, as it will take the large Euro-Dollar market into account.
It is interesting to note that the may-23 till now price action in terms of tops, creates a negative downtrend this week around 23.64 Euro, and 25.80 Dollars. And exactly there, the price action retreated.
It depends on whether the price can remains above the $ 23.97/ € 22.85.
That said, I am noticing a stepping pattern up, meaning, consecutive higher lows. So, the game of price suppression is still played, but at higher levels. It seems that a slow movement up has set in.
Given the market circumstances, in terms of physical, the consequence is that physical is being bought at idiotic low prices, exacerbating the corner the market riggers are painting themselves in. It seems to me, a price explosion is in the works. But it takes stamina, the long haul.
Silver is doing very good right now.
They say India is stacking hard, driving up the price.
Indeed. Since 2010.
https://www.studycountry.com/wiki/who-buys-the-most-silver-in-the-world
Mexico is the biggest producer of silver
https://worldpopulationreview.com/country-rankings/silver-production-by-country
Not that it's an interesting article, but I was really surprised to see a pro-silver article show up on Yahoo this morning...
https://finance.yahoo.com/video/silver-etfs-may-worth-weight-170442484.html
Normally legacy media funnels readers to some very specific topics and conclusions so it was really jarring to see this.
Yes I've seen several pro silver articals in the past few weeks. Silver ETF's are not the best way to invest, buy physical if you can safely store it.
Probably because it’s an ETF. A piece of paper saying that you own silver will be worthless if the system collapses
ELI5...buy physical silver in order to sell it later for more than you paid for it, right?
Correct.
Buy physical silver because otherwise you own a promise of silver. That promise is specifically worded so that they can bounce on their obligation to give you silver at any hint of insolvency.
If SHTF hard enough to make all paper money become toilet paper, promisory silver documents will join the paper money in your nearest latrine.
Interesting that he said it's not time for ETF's to buy until the Fed drops rates which is expect in June. Wow, I guess Gold will really soar at that time! Perfect timing to make the economy look like shit by election time....
......I do think Powell is working for the real Q+
2000 tons of comex failure. see kinesis on rumble.com: https://rumble.com/v4i75wk-physical-silver-buyers-gatecrash-comex-vaults.html
Interesting tidbit: if silver would be NFSR compliant, the silver would end up with the "speculators" and the game would continue. By leaving it as is, there is a huge shortage, and the 3000 lots per buyer are being exhausted to the max.
Well, in terms of dollars, yes. It seems to me, watching the price action over the years, it is beneficial to also watch it in Euro, as it will take the large Euro-Dollar market into account.
It is interesting to note that the may-23 till now price action in terms of tops, creates a negative downtrend this week around 23.64 Euro, and 25.80 Dollars. And exactly there, the price action retreated.
It depends on whether the price can remains above the $ 23.97/ € 22.85.
That said, I am noticing a stepping pattern up, meaning, consecutive higher lows. So, the game of price suppression is still played, but at higher levels. It seems that a slow movement up has set in.
Given the market circumstances, in terms of physical, the consequence is that physical is being bought at idiotic low prices, exacerbating the corner the market riggers are painting themselves in. It seems to me, a price explosion is in the works. But it takes stamina, the long haul.
So HODL!