Silver just broke $100 and gold is nearing $5k per ounce!! 💥 💥 🚀
(media.greatawakening.win)
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Now what if they realize silver is worth more than gold, and both are horrendously undervalued. Hold the line.
Do you forsee silver being worth over 1K? I have been stacking for quite some time only expecting $100 value. It is wild to wake up and see $101.
Right now this minute using the traditional Gold to Silver 12 to 1 mining ratio, silver should be $415 an ounce.
Paper silver has wandered between pricing silver at 50-80 to 1 which is so far away from any type of mining production number as to be laughable.
That is still incredible for silver, I hope it goes beyond that but if not that is just fine for me.
I don't know too much about how paper silver works I just knew that I needed to stack in preperation for hyperinflation. I am glad I did.
For every real, physical ounce of silver there were sitting in the vaults of the bullion banks, there were around thirty pieces of paper sold.
Most of that paper got rolled over every month as the holder didn't want to take delivery. That is no longer the case, the big industrial users are demanding delivery of the physical silver.
The bullion banks must buy silver on the open market to fill those customer's demands as they just do not have enough physical silver to give to them.
Price Go Boom.
Thank you for explaining that so simply, I really understand what is about to happen now, I am very very excited and am happy to be apart of this.
Looking forward to making money with ya!
Silver is still cheap right now imo, the upside potential is at least 2x current price.
Best of luck stacking, it is a bit of an addiction. Nothing like a having a pile of shiny to look at to make your day brighter.
I have to agree, I am still stacking but I began around 2019-2020 and I am so glad I got in at that time.
I feel you though there is something about it that just makes all my worries go away. Thank you again and best of luck to you as well friend. You made me day brighter as well.
Is it too late to buy silver at $30 an oz?
Yes thats a joke btw
Lmao. I got in just over $20 an ounce. My wife thought I was insane at the time but now she's okay with it 😅
"Old" but good....
Seems completely relevant: https://files.catbox.moe/lvftt7.png
Thats a nice one!
Totally! 🤣
My fear came from every time I bought crypto it would instantly and dramatically drop in price. So I was like I’m not taking the chance. And here we are
My old man brain wouldn't let me accept and rely on stocks and crypto. My "wealth" based on a computer screen graph never sat well with me. The concern of being digitally cut off from them for any reason you can think of kept me away. I kept focused on paying off my physical assets and stacking a bit of bullion..
My millennial brain thought the same way.
Yup.
Not too late, bought 100 oz yesterday
Silver is still cheap at $100 an ounce, looking at current upside potential.
I bought on Jan 1 this year and I bought more on the 15th.
I've been buying silver here and there over the years but in 2016 I bought quite a bit.
My current DCA is still in the low $30 +/- an ounce range.
Not if you are a bank
I stopped buying at 32 an oz. Sitting on 500 oz, I am a very happy hen sitting on these eggs!
I realize many of you are constantly popping erections over the silver price. Putting it into an historical perspective, in 1980 silver hit $50 an ounce. Adjusting that for inflation since then gives you a price of $195 per ounce to equal that today.
If silver goes past the $195 benchmark in the near future then you will truly have an all time high, adjusted for inflation.
You just gave everyone here, more reasons to get excited.
If I may help more than that, “inflation”, as reported, is actually just CPI, which is at least 5 times lower than real inflation.
This is also before the unbacked certificates start fully kicking in, though I imagine those will be realized a bit at a time.
u/doug1956
Happy to be of service. Too many times people don’t think about the time value of money
And an all time high erection !!!
Michael Oliver says silver will exceed 500 an ounce. Also says gold will be over 8000. I've been stacking since the 08 financial crisis. I'm concerned about holding too much cash and watching what inflation does to its purchasing power.
Imagine that. And it's just getting started. Hodl if you have it in hand. And you know what to do if you don't.
Silver @ $101.00 = Off to the races.
Its funny that the media is saying that Silver will slow down once it hits $100 because the physical demand is easing 🤣
Whenever something big is happening and the media is not reporting on it - PAY ATTENTION
Now they are forced to report on the price of Silver. If you can control the media you can control the people and the flow of information.
Now when will GME go TO THE MOON!?
They're trying to keep it below $100. They dumped right at the open. Nice try.
I would still buy, even at 100 per oz
How is this good? Inflation causes the root of money (precious metals) to be worth less.
Price goes up, and the value goes down. Fiat currency needs to die.
This is the path to a trillion-dollar bill for Zimbabwe.
You have it totally backwards.
Our Federal Reserve paper fiat "money" is backed by vapor, not gold or silver.
As fiat rapidly becomes increasingly worthless, the price of precious metals always goes UP, not down, as it takes more and more paper fiat to buy it.
That's why Gold is known as a store of value. No matter what happens Gold will always be worth something.
Silver has a huge industrial demand and for the last five years mining has not kept up with demand.
Paper is all worthless when inflation erodes its value every day you hold it, and your return on that paper doesn't keep up.
I have not been a silver hoarder, although I am now thanks to my parents. My mom is coin collector, and over the years (say last 30-40 yrs) she collected for all three of us and her grandchildren. I have minted, uncirculated US Mint collections of dimes, quarters, half dollars and dollars. She also bought some plain silver coins in the last couple years. EDIT: she also purchased unique coin sets as well.
My question for my informed frens is this: are they more valuable as minted uncirculated sets than individual pieces? No, I'm not selling, it all has sentimental value as my dad is no longer with us and frankly, my mom is almost 85 now. If I HAD to sell, advice,?
Numismatic is probably going to be irrelevant for a while, while price discovery is manifesting.
It may become higher valued again later.
That I'm unsure of. At first I collected minted coins but went to collecting rounds and focused more on the weight value and avoided premiums for minted coins like the American Silver Dollar and the Canadian Maple Leaf..
Yeah baby. Gsr 1/49
BOOM there it is! Been waiting and stacking for this moment for 10 years! But we're not done yet, all the fundamentals that made silver appealing are still in place... National debt? Still rising exponentially. Gold/silver ratio? Down from it's highs of over 100 but still nowhere near the single digits were heading for. Long term ratio charts like dow/gold or homes priced in ounces? Still nowhere near the top.
Did everyone stack their weight in silver and age in gold?