Author Topic: Silver (Read 71534 times)

pkveazey · « **Reply #150 on:** May 17, 2024, 02:46:57 PM »

I can't believe it: In just 2 hours Silver has made another leap and is now at $31.38 oz. This was not supposed to happen until the 4th quarter of 2024.

pkveazey · « **Reply #151 on:** May 17, 2024, 04:12:56 PM »

Wow! Silver is still going up. It's now at $31.50. At 5pm when the markets close for the weekend, it will be locked at the closing price until Sunday night when the markets reopen. I'm loving it.

Felix · « **Reply #152 on:** May 19, 2024, 09:53:04 PM »

Most retirement savings is still in paper markets (stock, bonds, etc)
But with a view to not incurring a tax bill, I cashed out as much as I could within those limits and took the cash directly to a dealer paying 3% over spot for silver and divied up the conversion between bars, Maples and junk. Will rinse and repeat next tax cycle. Assuming we are around for one. I now have @ 10k in metals that will weather hyper-inflation AND be in recognizable forms for barter. Not anything like a "life's saving", but a solid component on having "x amount" of "cash" on hand for emergencies and bill paying. IF I decide to exit the paper markets (now being thought long and hard on), then the specter of gold bars and coins looms... _AND_ it will be at home, in a safe, subject to theft if I can't defend it. But in hand. And real. Not dependent on anyone from the government come to "help me".
For those who follow and look at "cycles", we may well be in the final stages of a stock "melt up" which, like in similar looking circumstances cycles, culminates in a severe stock crash. Bear market. "pullback".

pkveazey · « **Reply #153 on:** May 19, 2024, 11:12:51 PM »

I can't believe my own eyes.

It's 11pm and I just took another look at the Spot price of Silver, and it has gone up to $32.30 oz. I really hope this is the breakout that all the Precious Metals gurus have been talking about.

pkveazey · « **Reply #154 on:** May 20, 2024, 10:06:33 AM »

Well, here it is Monday morning, and I was expecting a pullback. Yep, it dropped a dollar but that won't last long. It'll start going back up because of FOMO (Fear of missing out) and because I get to decide how much my Silver is worth. This stairstep, run up and pull back is fine with me as long as I end up at the top of the stairs. Since I started Stacking, back when it was cheap, I have given a bit here and there to friends and family members. Hmmm... It's getting a bit too expensive to give any of it away now. I'm generous but I'm not stupid.

Nemo · « **Reply #155 on:** May 20, 2024, 07:18:13 PM »

Per Monex.com, 1916 copied and pasted. From the banner at the top of link below. More details scroll down linked page.

Nemo

https://www.monex.com/liveprices/

Quote

Gold $2,429.00 +13.00

Silver $31.79 +0.32

Platinum $1,055.00 -35.00

Palladium $1,038.00 +19.00

JohnyMac · « **Reply #156 on:** May 23, 2024, 09:46:57 AM »

Why is it that the average citizen is not concerned with the run of PM's? I guess it is the old frog in the pot parable.

pkveazey · « **Reply #157 on:** May 23, 2024, 11:37:14 AM »

Bwahaha..... JohnyMac: It's the same old story. "Too soon dumb and too late smart."

pkveazey · « **Reply #158 on:** June 20, 2024, 05:21:21 PM »

There have been a post or three about Precious metals. Some of us love them, some hate them, and some are just unaware of them. I was thinking about "Newbie Stackers", and I thought that I should warn "Newbies" about getting screwed when buying precious metals. Never buy Silver or Gold from anyone that you don't know or you can't trust. While there are some honest sellers on EBAY, there are a ton of others on EBAY that are out to screw you. Never buy from EBAY. That is especially true if it looks like a deal that's too good to be true. I personally try to buy most of my stuff from a local Coin Shop that has been in business for 40 years. Even then, when I get home, I check each and every piece for Magnet Slide, Weight, and The Ping Test. The Ping Test is a free app that you can download to your Cellphone. You find the coin that you want to test on their list and hold the coin between your fingers at the dead center of the top and bottom of the coin and whack the edge with a piece of wood or plastic and the App will tell you if its real or not. So far, I haven't found any bad ones. I do have 3 or 4 ounces that are a bit questionable because the magnet slide just seems to be a bit too fast. The only bad thing about the PING TEST APP is that every coin isn't on their list. However, I did figure out that I can test a round that has the Mercury head dime figure on it as a Buffalo, it will Ping just fine. The coin dealer told me that the same company that Mints the Buffalos also mints the Mercury head rounds. If you plan to buy any Precious metals, it is definitely Buyer Beware.

Nemo · « **Reply #159 on:** June 21, 2024, 08:34:17 AM »

Yeah, numbers indicating buy day.

Nemo

https://www.monex.com/silver-prices/

Gold $2,368.00 +37.00
Silver $30.55 +0.78
Platinum $1,005.00 +20.00
Palladium $991.00 +60.00

https://www.monex.com/silver-prices/

Silver Spot Prices    Today    Change

Silver Prices Per Ounce    $30.32    -0.46
Silver Prices Per Gram    $0.97    -0.01
Silver Prices Per Kilo      $974.79    -14.79

Jackalope · « **Reply #160 on:** June 21, 2024, 09:56:12 PM »

And buy we did...got some good deals at one of the local pawn shops today.

pkveazey · « **Reply #161 on:** June 23, 2024, 02:17:04 AM »

Jackalope: Good for you. It's really hard to find good deals on Silver these days. When I first started stacking, I said that I'd never pay more than $25 oz. Well, I had to revise my plan and when Silver hit $25 plus premium, I went ahead and paid the $25 plus premium. Now that it's at $30 plus premium I just can't bring myself to pay the big bucks. Since I started buying around 2016 or 2017, I've been able to stack enough to feel comfortable that I'll have enough to survive. Nope: I'm not going to disclose how much I have because that would violate my number one rule of prepping. "It's OK to say what you have but it's never OK to say how much you have." Lately, I have considered going to a few Estate Auctions and seeing if there is any Sterling Silver to be had at a cheap price. Somehow, I always seem to find out about the auctions after they're over.

pkveazey · « **Reply #162 on:** August 17, 2024, 05:30:17 AM »

Well, as of today, 8/17/2024, Silver made a nice jump up to $29.04 oz. I firmly believe that we have no choice but to go back on the Gold and Silver Standard. Other Countries are starting to line up to back their money with precious metals. If we hope to survive, we will have to follow suit or become a bankrupt 3rd world country. All the Major Banks and other Countries are buying all the PM's they can get. All the while, telling the Sheeple that PM's are a bad investment. Hmmmm.... Why would they do that? I'm pretty sure it's so they can continue to buy PM's at the lowest possible price. Now, you're all going to think I've lost my mind, but, I think that the $29 Silver price will eventually be $290. If we go into Hyper-Inflation, it could go to $2,900 oz. If it gets as bad a Venezuela, it might go to $29,000 oz. As a side note, those pre 1982 Pennies are now worth 2 cents each. I did a weighing of some pre 82 pennies, and it came out to 199 pennies to the pound. OK, OK, let's just call it 200 pennies to the pound. A pound of Copper is now selling for $4 a pound. Don't pass up keeping 1982 pennies. About half of them are still Copper and the only way to tell is to weigh them. The Copper 82's weigh 49 grains and the Zinc 82's weigh 39 grains.

Nemo · « **Reply #163 on:** August 17, 2024, 07:57:57 AM »

Dayum, I had not been paying attention to that. Glad you mentioned it.

Call me happy and concerned.

Happy its there but concerned about the overall reasons for it to be there.

Nemo

JohnyMac · « **Reply #164 on:** August 19, 2024, 06:41:21 PM »

PKv.

Nemo · « **Reply #165 on:** August 23, 2024, 07:01:13 PM »

Gold is up more. The rest are not moving much either way.

Nemo

https://www.monex.com/

Quote

Gold $2,514.00 +27.00
Silver $29.83 +0.84
Platinum $970.00 +17.00
Palladium $997.00 +33.00

pkveazey · « **Reply #166 on:** September 15, 2024, 09:58:53 PM »

Well, its 10 pm on the 15th and Silver is still rising and is at $30.92. I bought my first ounce in 2017 for $15.00. Don't you just love it when a plan comes together.

pkveazey · « **Reply #167 on:** September 16, 2024, 01:49:24 AM »

Uh Oh... It's now 1.47 AM and Silver is now up to $31.06 oz. I hope this is the big move that I've been hoping for.

Nemo · « **Reply #168 on:** September 24, 2024, 06:17:22 PM »

Anyone looked today?

Nemo

https://www.monex.com/

Gold $2,658.00 +31.00

Silver $32.13 +1.44

Platinum $993.00 +31.00

Palladium $1,077.00 +26.00

Felix · « **Reply #169 on:** September 24, 2024, 10:13:26 PM »

"Junk" silver, a few bars and Canadian Maples -

Junk meltdown is open market weight value - yet is recognized and of smaller denomination for easier barter.
Bars - 'cuz they have the absolute lowest exchange premium.
Canadian instead of Eagles? 'Cuz they are recognizable like Eagles (theory yet to be tested) while trading at a lower premium.

PMs as a medium of exchange?
Or, a hedge against the devaluation of fiat currency?
Both. Though gold demonstrated how "theory in practice is not always the same as practice of theory".
And this time is/isn't "different".

pkveazey · « **Reply #170 on:** September 25, 2024, 01:47:41 PM »

I'm going to stick my neck out and make a prediction. I think Silver will never go below $31 again. OK, OK, if it goes to $30.95, I'm still saying that is $31. I think that since PM's have started to make a bold move, I'm going to say that we should also watch the Base Metals like Copper, Aluminum, Zinc, etc. because I think that they will follow.

JohnyMac · « **Reply #171 on:** September 25, 2024, 02:04:33 PM »

Typically, when the saber rattling noise increases PM's go up. When peace is the noise of the day, PM's go down and stabilize.

The next 40-days, things are going to heat up even more than today. I suspect we will see $3K gold and $40- silver.

What is interesting is that Brent Crude is hovering in the low $70's- a barrel range. Down $25- a barrel YoY, October 2023. I suspect the United Emirates are flooding the market to build up their re$erve$ to weather the storm that is coming. Then we will see $100+ a barrel.

Stay tuned,

Nemo · « **Reply #172 on:** September 26, 2024, 10:13:39 PM »

12 year high price on silver. Still going up. Keep buying.

Nemo

https://www.msn.com/en-us/money/markets/silver-hits-12-year-high-chasing-gold-s-record-breaking-rally/ar-AA1rgOSS

Quote

(Reuters) - Silver rose to its highest level in nearly 12 years on Thursday, riding the coattails of gold's rally to record peaks as interest rate cuts by major central banks fuelled investment interest in precious metals.

Spot silver was up 0.6% at $32.03 per ounce, as of 1:41 p.m. ET (1741 GMT), having hit its highest since December 2012 at $32.71.

"Silver is going to continue to rally over the coming quarters because of the consecutive rate cuts and as China's stimulus could continue for some time," said Amelia Xiao Fu, head of commodity markets at BOCI. She expects the price to move towards the $37 level.

Nemo · « **Reply #173 on:** September 30, 2024, 09:07:05 PM »

Read and act as you deem proper. Just buy more.

Seems more of a sales ad than real analysis. But still-- buy more.

Might watch the video at the end for more info.

Nemo

https://www.jpost.com/business-and-innovation/precious-metals/article-821920

Quote

Gold is Going Parabolic! What's Coming for Gold & Silver Prices Will Shock the World - Rick Rule
Rick Rule, a renowned resource investment expert, warns of a potential US dollar collapse. He urges investors to turn to precious metals like gold and silver as a hedge against economic.
By PR
SEPTEMBER 26, 2024 18:24

In a recent interview by Money Sense, renowned resource investment expert Rick Rule shared his grave concerns about the US economy and its potential financial downfall. Rule, the founder of Sprott Global Resource Investments, has long been a vocal advocate for precious metals as a hedge against economic turmoil.
Rule's Background and Authority

Rick Rule is a highly respected figure in the resource investment industry, with decades of experience and a proven track record. His deep understanding of markets, coupled with his ability to identify undervalued assets, has earned him a reputation as a thought leader in the field.

Rule's Analysis

Rule's analysis is based on a deep understanding of economic principles and historical trends. His concerns about the US economy are rooted in the country's unsustainable debt levels and the potential for government policies to exacerbate these problems. By emphasizing the importance of precious metals as a hedge against economic uncertainty, Rule is providing valuable insights for investors seeking to protect their wealth.
Conclusion

Rick Rule's interview with Money Sense serves as a timely reminder of the risks facing the US economy and the potential benefits of investing in precious metals. While it's impossible to predict the future with certainty, Rule's analysis provides a compelling case for diversifying one's portfolio to include assets like gold and silver. As the economic landscape continues to evolve, investors may find it prudent to heed Rule's advice and consider the potential advantages of precious metals as a hedge against uncertainty.

https://www.youtube.com/watch?v=QMFVtOdtbTk

pkveazey · « **Reply #174 on:** October 04, 2024, 07:15:49 PM »

WOW! Silver bounced off the $33 mark today and ended at $32.20. I'm not a patient person

but I'm glad that I started buying in 2017 and tried my best to just shut up, sit down, and wait. I think we won't have to wait much longer to see really huge numbers.

News:

Author Topic: Silver (Read 71534 times)