Now, I'm just a dumb transmission rebuilder but every time I hear about precious metals "going up in value" I always think that it only really means that the fiat money system has fallen a bit more. Tell me, am I correct? 😁👍🇺🇲
Semi-correct. That’s probably the majority of it, but there are also industrial uses, illegal shorts/certificates affecting the price, and other factors.
But doesn't this also make it more expensive for us to buy silver? I started stacking when it was $19/Oz. Lately I've been holding off because of how much more it costs and it's no longer within my budget. Am I thinking about this wrong? Anyone have some advice for me?
I have quite a bit so I'm going to hold off. If you just started stacking,I would buy if you think it will go up more. 40 oz would be considered a deal at 100 oz.
I think we will break out soon,but I've been wrong before......
There are premiums in coins on any denomination in addition to the per ounce price. So this premium isn’t returned when you sell at spot price. You sell at a loss until the spot price goes past the coin with the premium.
Think of it as a cost per coin for production.
So you pay 2 or 4 premiums on 1 ounce when you go fractional, instead of 1 premium. On good coins people will be willing to pay above spot.
Plus from what I've seen when selling you only get 90% of spot.
I'm buying mine to hold, not worrying about premium returns. Doesn't really matter when the price manipulation ends price goes up X fold. And when that happens better to have fractional rounds than nada.
You can sometimes find 1gram “bars” for a little over a dollar apiece.
Dimes are about $4 each.
Unless your budget was $0.25 per year, it can be made to work. Don’t spend what you can’t afford to not have in hand, but don’t keep what you can’t afford to lose, either.
Well, I bought minimum 5oz at a time because that's where the best value was for my budget. With fractionals, I end up paying much more over spot. But I may need to consider it.
I've always thought that simply going back to the Gold Standard is weaksauce. The Silver Standard was the norm for basically all of human history, including in Biblical times. I hope that's where we're heading
I don't think so based on my philosophy of what money is. Silver is too important of an industrial commodity and gets suppressed because of industrial capacity and less because of it's monetary metal characteristics where gold is the opposite. I think the natural evolution would not be a fixed golden standard of olden times (perhaps further out in the future) but a floating gold standard where debt is still denominated in weight in gold but countries can debase their currency against gold freely. I think silver would have a place, since gold will to be too expensive that no paper/IOU can be trusted to break it up and that is where silver comes in.
I can't believe most of the anons on this board think we're going backwards and will use shiny metal as money again. They probably haven't even read SoftWar.
Jason Lowery makes a compelling case. A Must read for every anon. Especially, since he is hailing from Space Force.
There is a reason he is allowed to publish it.
Those who took note, took note and advantage. + 200% at least.
So, yeah ... If someone is a silver stacker (which I am), but of the only variety (which I am not) may find that there are lost opportunities, especially with Trump as Potus. The writing was on the wall.
as a seasoned autist, you already know how to feel about distractions. I think it's quite commendable what you have done with your focus. That you are here making sure justice is done and doesn't turn into another jfk style conspiracy theory is selfless and people should know.
people have all kinds of personal likes and dislikes. I hate tomato! And I hate that about me.
I know they are genuinely great and I don't want the world to be without them. But i hate those fuckers, personally. lol
But yeah, just like that. I actually don't even want to live in a world where everyone likes the same things or people. The kids all call it a "normie" thing to do. And I'm not normal.
They shorted almost 500 million oz last Friday and only dropped the price .50 they are losing control.
https://www.reddit.com/r/Wallstreetsilver/
u/#ToTheMoon
Now, I'm just a dumb transmission rebuilder but every time I hear about precious metals "going up in value" I always think that it only really means that the fiat money system has fallen a bit more. Tell me, am I correct? 😁👍🇺🇲
If you rebuild transmissions, you are definitely not dumb…
You are correct. And the ship has barely righted thus far, perhaps .05% correction to date. Long way to go....
Semi-correct. That’s probably the majority of it, but there are also industrial uses, illegal shorts/certificates affecting the price, and other factors.
But doesn't this also make it more expensive for us to buy silver? I started stacking when it was $19/Oz. Lately I've been holding off because of how much more it costs and it's no longer within my budget. Am I thinking about this wrong? Anyone have some advice for me?
I have quite a bit so I'm going to hold off. If you just started stacking,I would buy if you think it will go up more. 40 oz would be considered a deal at 100 oz.
I think we will break out soon,but I've been wrong before......
The trend is your friend, buy buy buy
Yes, but as long as it keeps going up it also nets bigger returns.
Soar silver, soar!
Can also buy fractional like half or quarter ounce rounds. Look at Golden State Mint if you don't have any reliable dealers nearby.
It’s not recommended to buy less than 1oz silver
I think it makes sense to have some 90% coinage for possible use as currency.
I've never heard that, but something is better than nothing. When I placed orders with GSM I'd add fractional rounds to hit the free shipping.
Silver is silver, whether a whole oz or half it's worth the same.
Why's it not recommended?
There are premiums in coins on any denomination in addition to the per ounce price. So this premium isn’t returned when you sell at spot price. You sell at a loss until the spot price goes past the coin with the premium.
Think of it as a cost per coin for production.
So you pay 2 or 4 premiums on 1 ounce when you go fractional, instead of 1 premium. On good coins people will be willing to pay above spot.
Plus from what I've seen when selling you only get 90% of spot.
I'm buying mine to hold, not worrying about premium returns. Doesn't really matter when the price manipulation ends price goes up X fold. And when that happens better to have fractional rounds than nada.
Still, if you can afford more than one fraction…
That was the point, not everyone can. So buy fractional if that's all you can swing, better to have something than nothing if/when silver moonshots.
Maybe buy old silver coinage
Yep, that's called junk silver I believe but plus it's actual coinage.
You dont buy silver. You store currency value in it. As long as tjey are taking fiat paper for it, its a deal.
You can sometimes find 1gram “bars” for a little over a dollar apiece.
Dimes are about $4 each.
Unless your budget was $0.25 per year, it can be made to work. Don’t spend what you can’t afford to not have in hand, but don’t keep what you can’t afford to lose, either.
Well, I bought minimum 5oz at a time because that's where the best value was for my budget. With fractionals, I end up paying much more over spot. But I may need to consider it.
Wonderful stuff.
I've always thought that simply going back to the Gold Standard is weaksauce. The Silver Standard was the norm for basically all of human history, including in Biblical times. I hope that's where we're heading
https://en.wikipedia.org/wiki/Silver_standard
I don't think so based on my philosophy of what money is. Silver is too important of an industrial commodity and gets suppressed because of industrial capacity and less because of it's monetary metal characteristics where gold is the opposite. I think the natural evolution would not be a fixed golden standard of olden times (perhaps further out in the future) but a floating gold standard where debt is still denominated in weight in gold but countries can debase their currency against gold freely. I think silver would have a place, since gold will to be too expensive that no paper/IOU can be trusted to break it up and that is where silver comes in.
Like the old idea of "Freegold" if you haven't seen it....
https://www.bullionstar.com/blogs/bullionstar/introducing-freegold/
Oh yeah I've seen it and was reading a lot of FOFOA back in the 2008 crisis.
Yeah, same here!
Indeed
Look at its price both in Euro and in BTC .....
I can't believe most of the anons on this board think we're going backwards and will use shiny metal as money again. They probably haven't even read SoftWar.
Jason Lowery makes a compelling case. A Must read for every anon. Especially, since he is hailing from Space Force.
There is a reason he is allowed to publish it.
Those who took note, took note and advantage. + 200% at least.
So, yeah ... If someone is a silver stacker (which I am), but of the only variety (which I am not) may find that there are lost opportunities, especially with Trump as Potus. The writing was on the wall.
https://silverwars.org/
u/#catdance
Ty!
u/#catdance
YW!
I thought the battery thing was interesting...
u/#catdance
u/#catdance
u/#catdance
focus on this instead of epstein and his associates
Focus on both, I want to be rich and happy, not just happy.
Poor Miles can’t concentrate on more than one thing at a time, so everyone make sure to only post things about Epstein, k?
as a seasoned autist, you already know how to feel about distractions. I think it's quite commendable what you have done with your focus. That you are here making sure justice is done and doesn't turn into another jfk style conspiracy theory is selfless and people should know.
Keep it up!
Needs to go way higher.
How can anyone hate elon
people have all kinds of personal likes and dislikes. I hate tomato! And I hate that about me. I know they are genuinely great and I don't want the world to be without them. But i hate those fuckers, personally. lol
But yeah, just like that. I actually don't even want to live in a world where everyone likes the same things or people. The kids all call it a "normie" thing to do. And I'm not normal.
I'm not crazy bout tomatoes either
someone is probably saying 'Two Weeks to Flatten the Curve"
Sitting on 500oz
Lets go baby!!!
And it closed the week above $41!!
Cha Cha Ching!
I just invested $175K into a precious metal IRA through Augusta. I'm getting in early, riding the tsunami, lol.
Wait till everyone start investing their 401k's in precious metals in February. That will send it to the moon.
Hmm, that's interesting. Hadn't thought about that, definitely a wave that could cause a huge stir in silver derivatives!
I dumped my 401K into silver a few years back. I tried rolling it over but ended up cashing it out and buying physical.
It was only $3500, so I put my bet on that doing better with silver than the market. I think it'll pay off.
I was just looking at that order 4 years ago, it was $28.45 per ounce. Looking back in charts was roughly $4 over spot.