Author Topic: Silver  (Read 61555 times)

Offline pkveazey

  • Hardcore Prepper
  • ******
  • Posts: 2383
  • Karma: +5/-1
Re: Silver
« Reply #50 on: April 23, 2020, 06:01:11 PM »
I'm waiting for the DISCONNECT. I came up with that word when I was discussing Silver with my wife. I told her that the Physical Silver is tied to the Paper Silver price and that Physical Silver holders are going to get tired of being tied to it and will refuse to sell their Physical Silver at Paper Silver prices. About a week later, I watched several Silver Gurus on You Tube and loe and behold, They were using the word DISCONNECT also. They were talking about premiums going through the roof soon. I have to agree with them. Nobody is going to buy my Silver at Spot price. If they want it, they better bring plenty of money with them. The last time I checked the Dollar to Silver ratio was $2,423.00 per ounce. As far as I'm concerned Silver is worth $2,423.00 per ounce. We are in hyperinflation and nobody wants to say it.

Offline JoJo

  • Hardcore Prepper
  • ******
  • Posts: 2485
  • Karma: +8/-0
Re: Silver
« Reply #51 on: April 23, 2020, 10:01:49 PM »
I'm waiting for the DISCONNECT. I came up with that word when I was discussing Silver with my wife. I told her that the Physical Silver is tied to the Paper Silver price and that Physical Silver holders are going to get tired of being tied to it and will refuse to sell their Physical Silver at Paper Silver prices. About a week later, I watched several Silver Gurus on You Tube and loe and behold, They were using the word DISCONNECT also. They were talking about premiums going through the roof soon. I have to agree with them. Nobody is going to buy my Silver at Spot price. If they want it, they better bring plenty of money with them. The last time I checked the Dollar to Silver ratio was $2,423.00 per ounce. As far as I'm concerned Silver is worth $2,423.00 per ounce. We are in hyperinflation and nobody wants to say it.

 Not being educated in silver prices I have a few questions.
 I was looking at internet bullion dealers and they have one troy ounce silver dollars beginning at $22.00
 So if gold is just over $1,700 an ounce how could silver be $2423.00?
 Is that price with a premium and what is the premium? 
In principle, no less than in practice, socialism is the ideology of thieves and tyrants.

Offline pkveazey

  • Hardcore Prepper
  • ******
  • Posts: 2383
  • Karma: +5/-1
Re: Silver
« Reply #52 on: June 09, 2020, 02:52:49 AM »
Jo Jo, I can't believe I just got around to seeing this. Sometimes I don't give some details that I should. That rediculus price for Silver is the Dollar to Silver ratio. Jan 2020 it was $482 to 1 ounce, Feb 2020 it was $692 to 1 ounce, April 21 2020 it was $ 2423 to 1 ounce, May 3 2020 it was $2530 to 1 oune, May 11 2020 it was $2602 to 1 ounce, May 15 2020 it was $2911 to 1 ounce, June 4 2020 it was $3159 to 1 ounce, June 9 22020 it is $3215 to 1 ounce. I can't believe that it has risen from $482 in Jan to $3215 in just 6 months. Basically, year over year, for every ounce mined and refined, the Government has added all those new worthless dollars into circulation. Therefore, I conclude that the true price for Physical Silver should be $3215 per ounce. That doesn't mean that that's the way it really is but it is the way I look at it. When the Paper Silver market finally crashes, and it eventually will, the price of Physical Silver probably will rise to the Dollar to Silver ratio.

Offline pkveazey

  • Hardcore Prepper
  • ******
  • Posts: 2383
  • Karma: +5/-1
Re: Silver
« Reply #53 on: June 09, 2020, 03:04:46 AM »
I have been buying my Physical Silver at Spot plus $1 to $2 premium. DAMN!!!! :facepalm: Today, the place I buy most of my Silver finally opened back up and I waltzed in with a whole lot of money to buy some Silver because previously nobody had any. The guy had several signs posted around the counter that said ALL SILVER is $5 over Spot per ounce. Did I buy any at $17.81 plus $5 per ounce. You bet I did. I Bought $1000 worth. Its a waiting game, I know, but I plan to win. :popcorn: With the Dollar to Silver ratio going up like a rocket ship, I don't want to get caught short when the SHTF.

Offline Kbop

  • Hardcore Prepper
  • ******
  • Posts: 1824
  • Karma: +10/-0
Re: Silver
« Reply #54 on: June 09, 2020, 01:21:23 PM »
interesting.
lets see - GDP dropping like a rock.  Money being pumped into the economy like crazy.
I'm willing to bet all commodities will shoot up against the dollar.
<grab a cup of coffee and look it up>
so <@index mundi> - energy sector is down.  food is up (even though beef and poultry are down).  Silver is near a 10 year low.
 :what:
Your crystal ball has got to be better than mine.  I don't get this schema - it doesn't seem to match my understanding of how this is supposed to work.  Silver should be high - right along with beans and rice.
I wonder if it isn't a lag between the current economy and price discovery at the other end.  Or has consumption from industry lowered alot leaving the spot market flush?  either way it seems priced to sell.

I'm thinking of getting some Ag too - prices seem oddly low.

Offline Kbop

  • Hardcore Prepper
  • ******
  • Posts: 1824
  • Karma: +10/-0
Re: Silver
« Reply #55 on: June 09, 2020, 01:30:10 PM »
whoa - did i read this right?

Silver ETF's and futures are tracking together - physical seems to have detached from the paper about 10 years a go  :what:  I don't get it :hiding:

Offline pkveazey

  • Hardcore Prepper
  • ******
  • Posts: 2383
  • Karma: +5/-1
Re: Silver
« Reply #56 on: June 09, 2020, 08:39:48 PM »
whoa - did i read this right?

Silver ETF's and futures are tracking together - physical seems to have detached from the paper about 10 years a go  :what:  I don't get it :hiding:

I'm still waiting for Physical to detach from Paper. All the Silver that I have bought has been at Paper Silver prices plus a small premium. The Silver Gurus seem to think Silver will go to the Moon in 2021 or 2022. Damn! I'm so old I might not still be around when it happens. Well, at least my Kids will get the benefit from it. Silver ETF's and Futures are both Paper Silver. That's why they are tracking together.

Offline pkveazey

  • Hardcore Prepper
  • ******
  • Posts: 2383
  • Karma: +5/-1
Re: Silver
« Reply #57 on: June 24, 2020, 03:18:56 AM »
I may have mentioned this before but just in case I haven't, Physical Silver has been trading at SPOT plus a small Premium of $1 to $3 per ounce. I was finally able to buy some and the premium had gone to $5 per ounce. I have heard that some Sellers are charging premiums near $10 per ounce. I have to admit, I would not let any of mine go for Spot plus $10 because I see nothing but Doom and Gloom on the horizon. I have a bunch of food stored but the Prepper Gurus are saying we should buy even more. Damn! How much is enough? I've got other things planned that I could use that money for. I have two small porch replacements to take of and then its off to the races to buy just enough solar equipment to handle emergency power outages just in case my Generator is unable to do the job. Maybe it'll break or I won't be able to get gas for it.

Offline pkveazey

  • Hardcore Prepper
  • ******
  • Posts: 2383
  • Karma: +5/-1
Re: Silver
« Reply #58 on: July 21, 2020, 05:28:33 PM »
Damn!!! Silver just went crazy. It is $21.32 oz. right now and the market is closed. It will open again at 6 PM and we'll see if this is going to fizzle or skyrocket. I think people are starting to panic because of this big push to force us into a digital currency thing.

Offline pkveazey

  • Hardcore Prepper
  • ******
  • Posts: 2383
  • Karma: +5/-1
Re: Silver
« Reply #59 on: July 21, 2020, 08:48:47 PM »
Wow!  :facepalm: Now its up to $22.46 oz. I'm glad I bought some.  :dance:

Offline pkveazey

  • Hardcore Prepper
  • ******
  • Posts: 2383
  • Karma: +5/-1
Re: Silver
« Reply #60 on: August 04, 2020, 08:34:48 PM »
Well Silver went to $26, then they slammed it back down to $24.50, then it slowly started creeping back up and then today it shot up to $26.40 then they slammed it back to $26 and now it is back up to $26.40ish. I've seen it being manipulated down so many times, I'm afraid to make a prediction. However, they can't hold it down forever so I'm just watching and hoping. :popcorn: The big banks are buying all the physical Silver they can get their hands on and telling the Public to not buy any because its a bad investment. Hmmmm..... If its a bad investment then why are they buying it all up? :what: The Silver gurus are saying that it won't stop at $50 oz. this time. They say that this time when it goes it will go over $100 oz. :dancingBanana:

Offline pkveazey

  • Hardcore Prepper
  • ******
  • Posts: 2383
  • Karma: +5/-1
Re: Silver
« Reply #61 on: August 05, 2020, 06:20:15 PM »
UPDATE: Silver just hit $27.08 oz. :dancingBanana: The price manipulators keep slamming the price down and it just keeps rising back up. :lmfao:

Offline pkveazey

  • Hardcore Prepper
  • ******
  • Posts: 2383
  • Karma: +5/-1
Re: Silver
« Reply #62 on: August 06, 2020, 03:10:06 PM »
Uh oh.... Silver just hit $28.65 oz. If you didn't buy some when it was $15 oz, you missed the boat.

Offline pkveazey

  • Hardcore Prepper
  • ******
  • Posts: 2383
  • Karma: +5/-1
Re: Silver
« Reply #63 on: August 06, 2020, 09:47:45 PM »
WOW! $29 oz.:dancingBanana: It was up to almost $29.50 but the price manipulators pushed it back to $29. :tinfoil: By tomorrow it should take off again. :popcorn:

Offline pkveazey

  • Hardcore Prepper
  • ******
  • Posts: 2383
  • Karma: +5/-1
Re: Silver
« Reply #64 on: August 31, 2020, 05:02:46 PM »
Well, there is bad news and good news. The bad news is that since Silver went to $29 oz, the price manipulators slammed it way back down. The good news is that is has slowly risen back up and is a $28.20 oz. Silver is like "ROCKY". You can beat him all to hell but he will still come back in the end.

Offline pkveazey

  • Hardcore Prepper
  • ******
  • Posts: 2383
  • Karma: +5/-1
Re: Silver
« Reply #65 on: September 03, 2020, 02:36:31 PM »
The latest update: The Silver Price Slammers have pushed it back down around $26.50 but that won't last long. The Precious Metals Gurus can give you a 30 minute dissertation on this and that about the why's and why not's of it but in the end, the prices will continue to rise beyond belief. I gave myself a cutoff point of $25 oz and have stuck to it. I wish I had a lot more but I'm pretty sure I can survive on what I do have. If I had known for sure what was going to be happening in todays world I would have forced myself to buy all I could get my hands on. Ahhh, but alas, that didn't happen. I firmly believe that those who hold 10,000 ounces or more will be able to live like royalty. If you think about it in the proper perspective, you'll realize that Silver and Gold have not changed in value. In 1912, you could go into most nice Hotels and stay the night for 1 ounce of Silver. If Silver was priced at its true value, you should be able to go into an equal quality Hotel and stay the night for 1 ounce of Silver. When Hyper-Inflation really hits, then the price of Silver will be limitless. What I'm going to tell you next will make your ass pucker. In February of 2020, the Dollar to Silver Ratio was about $460 +- per ounce. Today, just 6 months later, the Dollar to Silver Ratio is about $4,070 +- per ounce. The number of Paper Silver ounces to Physical Silver Ounces is 178 to 1. People are still dumb enough to buy Paper Silver that doesn't even exist when they could buy actual, hold it in your hand Silver, for the same price. The Digital Currency thing is definitely coming and that's all well and good if you go to a store to buy something but how are you going to buy your neighbor's boat, used car, Rifle, or other thing that you just feel that you have to have because your neighbor is selling it so cheap? I could go on for days on end about this but I'll save it for another post at a later time.

Offline Nemo

  • Hardcore Prepper
  • ******
  • Posts: 6547
  • Karma: +17/-2
  • From My Cold Dead Hands
Re: Silver
« Reply #66 on: September 29, 2020, 03:29:34 PM »
Article suggests buying more.  Ought to go read the rest of the article before you go all in.

Nemo


https://www.shtfplan.com/headline-news/suckers-sell-off-silver-can-double-by-march-2021


Quote
SUCKER’S SELL-OFF: Silver Can Double By MARCH 2021!
Tom Beck
September 29th, 2020
Portfolio Wealth Global

This article was contributed by Tom Beck with Portfolio Wealth Global.

Silver is getting BEATEN DOWN in the past two weeks and there are tons of sellers; it’s a COLOSSAL ERROR to be selling right now, since, in our opinion, this is a FINAL SHAKEOUT before silver climbs over $30/ounce by the end of 2020!

This cash scare into dollars again is foolish and has NO MERIT.

As you can see, both gold and silver are OVERSOLD, yet the GOLDEN CROSS remains intact.

We believe that traders who opted out have signed their DEATH WARRANT.

They’re literally JUMPING SHIP, just as it is leaving the dock and sailing to the BAY OF PLENTY.

.   .   .

continued
If you need a second magazine, its time to call in air support.

God created Man, Col. Sam Colt made him equal, John Moses Browning turned equality to perfection, Gaston Glock turned perfection into plastic fantastic junk.

Offline pkveazey

  • Hardcore Prepper
  • ******
  • Posts: 2383
  • Karma: +5/-1
Re: Silver
« Reply #67 on: September 29, 2020, 11:57:43 PM »
Nemo, you are right. Selling right now is a huge mistake. Buying all you can right now might end up being a mistake also. What I'm certain about is that I will never sell my Silver. I will spend it when money no longer has any value. Whenever I spend any of it in the future, I will negotiate how much of it I'm willing to part with for whatever it is that I'm trying to buy. I truly believe that Silver or Gold will save those who have it. With all that said, there will be some people who will not want to trade in Silver and/or Gold but there will be plenty of people who realize that trading goods and services for Silver and Gold is a smart move. If you've got it and they want it, you will be in a very strong bargaining position.

Offline pkveazey

  • Hardcore Prepper
  • ******
  • Posts: 2383
  • Karma: +5/-1
Re: Silver
« Reply #68 on: November 18, 2020, 12:20:53 AM »
OK, this has nothing to do with Silver but its worth thinking about. Some 1982 pennies were made of Copper and all pennies before that were made of copper. If you weigh out a pound of copper pennies which is +- $3 Lb. You'll find that it takes less than $3 worth of Copper pennies to make a pound. Hang on to any penny that is before 1982. Now, what about Nickels? The Nickel is the only coin left that is still made of Nickel. I know... Some people also spell Nickel as Nickle. Either one is actually correct. The last time I checked a Nickel is actually worth about 8 cents. If you want to check 1982 pennies to only save the Copper one's then all you have to do is weigh them. A Zinc penny weighs about 38 grains and a Copper penny weighs about 48 grains. I've been saving every Copper penny that I have found and every nickel also. When it all goes to crap, those Copper Pennies and Nickel Nickels are real money and will be in demand. I won't bother with going on and on about pre 1964 Silver Coins because I think everyone watches out for those.
« Last Edit: November 18, 2020, 12:22:50 AM by pkveazey »

Offline DMCakhunter

  • Committed prepper
  • *****
  • Posts: 577
  • Karma: +4/-0
Re: Silver
« Reply #69 on: January 31, 2021, 01:55:52 PM »
Just noticed that Apmex, due to unprecedented volume, is not accepting orders for most silver items till this evening.
Seems people finally got wise.
« Last Edit: January 31, 2021, 02:02:28 PM by DMCakhunter »

Offline RB in GA

  • Committed prepper
  • *****
  • Posts: 540
  • Karma: +1/-0

Offline pkveazey

  • Hardcore Prepper
  • ******
  • Posts: 2383
  • Karma: +5/-1
Re: Silver
« Reply #71 on: January 31, 2021, 07:25:57 PM »
I've been hearing the rumblings about the Reddit bunch going for Silver. BAM!!! It looks like they are actually going for it. I waited about an hour after the market opened tonight and checked the price, and it went up to $29 and then JPM slammed it back to about $28. Hell, I still made over a dollar on every ounce I own since Friday. I bought most of my Physical Silver back when it was around $16 oz. plus $2 premium. Hmmmm..... That's about $10 an ounce profit. I made a comment or three on Facebook about Physical Silver and the other day a lady that I used to work with contacted me about how to buy Silver. I told her that the first boat has left the dock and she needs to get on the second Silver boat. If she waits for the 3rd Silver boat to leave the dock, she won't be able to afford it. I was careful to warn her to not put all of her money into one place but 1/3 might be wise. With the massive spike tonight, she may have waited a bit too long to get in on the gravy train. I never thought that I would ever become one of those paranoid dumbasses who thinks that the Government and the behind the curtain Masters are out to get us but, Yep, I have completely turned into one of those who doesn't trust anything the Government and the News Media says. I've paid close attention to the words used in the news and I am hearing lots and lots of TRIGGER WORDS like COMPLY. Tonight I heard a Dr. say that people are not complying with taking the vaccine. Comply??? Comply relates to orders not suggestions. That shit just goes right over most people's heads. :facepalm:

Offline DMCakhunter

  • Committed prepper
  • *****
  • Posts: 577
  • Karma: +4/-0
Re: Silver
« Reply #72 on: January 31, 2021, 08:00:26 PM »
Apmex opened and 1 oz bullion bars are around $33

Offline pkveazey

  • Hardcore Prepper
  • ******
  • Posts: 2383
  • Karma: +5/-1
Re: Silver
« Reply #73 on: February 01, 2021, 04:19:21 AM »
This extreme jump in the Silver price could be short lived but I personally don't think so. I think this is what I've been expecting all along. Total Panic due to the Man Made Virus, the Fraudulent Election, Massive Unemployment, and Economic Collapse.

Offline Nemo

  • Hardcore Prepper
  • ******
  • Posts: 6547
  • Karma: +17/-2
  • From My Cold Dead Hands
Re: Silver
« Reply #74 on: February 01, 2021, 10:23:03 AM »
As of right now.  Monex dot com.

Something suspicious is in the wind.

Nemo


Gold  $1,869.00  +20.00

Silver  $29.62   +2.51

Platinum  $1,136.00  +53.00

Palladium  $2,252.00  +15.00
If you need a second magazine, its time to call in air support.

God created Man, Col. Sam Colt made him equal, John Moses Browning turned equality to perfection, Gaston Glock turned perfection into plastic fantastic junk.