Gold set a New Record Already today, 2632, Silver was beat down below 31 to 30.30 but has bounced back to 30.90. These are Kitco-listed Spot Prices. All the other Bullion Dealers tend to use at or near 1% Higher spot prices. The Paper Traders beat down silver even harder than gold... - The Great Awakening

Gold set a New Record Already today, 2632, Silver was beat down below 31 to 30.30 but has bounced back to 30.90. These are Kitco-listed Spot Prices. All the other Bullion Dealers tend to use at or near 1% Higher spot prices. The Paper Traders beat down silver even harder than gold... 🗣️ DISCUSSION 💬

posted 53 days ago by GodBlessAmerica58 53 days ago by GodBlessAmerica58 +40 / -0

Actual newly mined silver is around 1 Billion Troy Oz a Year, Paper contracts are over 400 B Troy Oz.

So an essentially 30 B business becomes well over a 1 T business on paper. Look for the paper trading to go away and silver to find a more stable value.

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– GodBlessAmerica58 [S] 1 point 53 days ago +1 / -0

Yes, spot price is manipulated, but its what we have for now. I'm hoping that whatever the plan is will remove most of the manipulation if not all. Gold is popular and pretty, but silver is a lot more useful. So I'm hoping my modest stack will at least retain buying power as it has done most of history.

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– Pbman2 1 point 53 days ago +1 / -0

Agree. I've been stacking for 4 years. I consider it a good hedge against a full meltdown. I'm probably about 1 doller ahead or dead even now.

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– GodBlessAmerica58 [S] 1 point 53 days ago +1 / -0

I'm up a bit, but not for long. Dollar is going down faster than Que Mala on Willie.

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