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[Unknown?]

DownLikeBCPowder back above $50 for silver and $4,100 for gold.

So many talking heads, mainstream media, and other places saying that gold and silver were done just over a correction. Funny they never say the stock market is over when it takes a hit.

 

[Unknown?]

I certainly didn't expect a 5% rise in silver. Holy crap! Got up to $53.50. Almost as if the correction never happened.

 

[Big-G]

I certainly didn't expect a 5% rise in silver. Holy crap! Got up to $53.50. Almost as if the correction never happened.

Gold is getting close too! People are going to feel pretty stupid selling soon.

 

[DownLikeBCPowder]

I certainly didn't expect a 5% rise in silver. Holy crap! Got up to $53.50. Almost as if the correction never happened.

Epic rally. Let's see what happens!

 

[Unknown?]

Epic rally. Let's see what happens!

A bit down today from Mr Slammy, but still sitting nicely over $52 by 30 cents.

Here's a good discussion about silver, where they call it the, "bank killer." Banks and financial planners are threatened by physical metals. It goes against their interest and they aren't able to make a continuous profit off of it.

 

[Unknown?]

In the 42 days of shutdown, we had 620 billion in new debt! Slightly over 6/10ths of a trillion in 42 days when the government was SHUT DOWN! Programs haulted, wages suspended, but still unsustainable debt that can NEVER be fixed by raising taxes. If that isn't scarey enough to motivate people out of traditional finance, I don't know what is!

 

[Unknown?]

Holy Ffffff! Above $55 now, another all time high in silver. Gold around $4200, still about $200 less than its high. It seems like it's consolidating for a bit going higher slowly.

Edit: Apparently the Comex halted silver trading... Comex shut down at 9:48 pm eastern time on the 27th. CME last quoted 54.56 dollars. CME claims cooling issues with data centers. Saw a quote of 56 dollars for silver from a Bullion dealer. Clicked again and price went to 53 dollars. It is 7AM Pacific time on the 28th and Comex still down.

Selling the same 1oz of silver 400 time's was never gonna end well..a lot of people should be going to prison for a very long time..

 

[Go_Ly_Dow]

Silver coming to $100

 

[Unknown?]

Silver coming to $100

And that's STILL undervalued.

 

[DownLikeBCPowder]

Silver coming to $100

Yep all but confirmed as far as I'm concerned.

 

[Unknown?]

I'm expecting a bit of a smack down on Monday, but we will see.

Just a bit random, but here's a bumper sticker I created.

 

[Unknown?]

During the CME shut down, it's reported there was ZERO metal left in the vault.

 

[Unknown?]

Another good listen by Mario. You have to ask, "If silver is no big deal, if it's just a barbarous relic of the past, then why does it going up in price threaten the whole system? Why do all of the big banks work to slap it down and keep it suppressed?" Well it's because it will kill the banks if it is allowed to go to its true value, it is one of the most important commodities out there for society. It going up would hurt big banks but free the people(who have it of course). It keeps getting smacked down by the banks but that is to their own detriment as that causes more physical buyers in a world where we have a shortage of physical only being propped up by paper.

He also explains here that when setting up the comex in 1974, it was used as a means to deter people from getting metals and to suppress the price.

 

[Go_Ly_Dow]

Big week coming for gold and silver.

Both could see new ATH set.

 

[Unknown?]

Silver just shot past $60. It was at $28 at the beginning of the year.

 

[Jinzo Prime]

Silver just shot past $60. It was at $28 at the beginning of the year.

Y'all were right. What a crazy year.

 

[Unknown?]

The Scumbags at CRIMEX increased margin requirements last night, forcing longs to sell. Dont worry, it is temporary. Down over $3 today, but still up $10 on the month.

Banks are panicked.

 

[Go_Ly_Dow]

The Scumbags at CRIMEX increased margin requirements last night, forcing longs to sell. Dont worry, it is temporary. Down over $3 today, but still up $10 on the month.

Banks are panicked.

Everyone knows now physical silver is scarce.

Squeeze is well and truly on.

 

[jason10mm]

Everyone knows now physical silver is scarce.

Squeeze is well and truly on.

I've got a plan, now hear me out....

just one small obstacle in our way!

 

[Unknown?]

Best president we never had.

 

[jason10mm]

Best president we never had.

All lost because of one mistimed phrase.

 

[Unknown?]

The Scumbags at CRIMEX increased margin requirements last night, forcing longs to sell. Dont worry, it is temporary. Down over $3 today, but still up $10 on the month.

Banks are panicked.

And here's a much more detailed description on what happened on Friday(which we've almost got back up to).



And wow, I just checked out of curiosity and $100 face value of silver quarters(400 total) is worth just over $4,500. That's preservation of value and why you don't save in fiat currency.

 

[Unknown?]

It hit $70 yesterday, got hit, then blew way past $70 today but currently is getting hit but still at $69. *edit* bounced back and now at $71!

It didn't take long to go from $60-$70.

 

[Grildon Tundy]

Gold and silver both at their all-time high.

Good for those holding onto metals. For everyone else using USD...

 

[Unknown?]

Shanghai got up to $82. Tbh, I was surprised how much it shot up on Friday. Only a matter of time before it hits $100. If I were the banks, I'd take the billion dollar loss before it gets much much higher.

Gold and silver both at their all-time high.

Good for those holding onto metals. For everyone else using USD...

 

[PaddyOCanager]

I've been casually buying silver coins/bars for about 2 years. I was hoping to stack 100 oz of physical silver, but it looks like I'm going to be stuck at 60 oz....the price is going to the moon.

I convinced my girl to pick up a 10 oz bar for $250 earlier this year - can't believe she casually made $500 profit in like 6 months. Crazy times.

 

[Unknown?]

I've been casually buying silver coins/bars for about 2 years. I was hoping to stack 100 oz of physical silver, but it looks like I'm going to be stuck at 60 oz....the price is going to the moon.

I convinced my girl to pick up a 10 oz bar for $250 earlier this year - can't believe she casually made $500 profit in like 6 months. Crazy times.

Same here but I'll just move to fractional silver. I have a few 3/4 oz coins but I'll probably have to go to silver quarters and dimes.

 

[Mr1999]

Obviously I wish i had gotten more, not much here but that's not what this was about. It was never about how much it was and more about trust in the system, and now you have stresses from all directions, lost of trust in the dollar/dilution, industrial and geopolitical stresses. I remember telling my coworker about silver moving up way back, but he told me not to fall for it and that it was just fomo, I then showed him a boring chart of gradual and slow gains but was not enough for him to accept it. I guess fractional silver is next like mentioned above. I like how when everything else gets more expensive its silver or gold that is not supposed to or allowed to move up in peoples heads lol. crypto, which is basically air goes over 100k no one cares, its to be expected of course, but silver going to $80 or gold going over 4k? The madness!

 

[DownLikeBCPowder]

Whew. Still marching toward those triple digits - epic movement lately.

 

[Ecotic]

I had one-half handful of pre-1965 silver coins that I sold on Friday, and the whole pawn shop experience just felt so weird to me. I'm used to the impersonal stock market, where you either take the price on the screen or you don't. First, I called around and called around until I found the best price, which was a coin store offering 85% of what Coinflation said they were worth. I thought that was actually a good deal because the coins were pretty worn.

I get there and the five employees are all wearing holstered pistols. They had three dogs who were allowed free reign of the store and were jumping all over me. They were crazy busy so I had to wait in line for over 30 minutes. And then there was about half a dozen guys who were just loitering, and as best I could tell were just groupies standing around and celebrating the skyrocketing price of their silver hoard.

I walked out with $269 and I was glad to have it.

 

[Unknown?]

Whew. Still marching toward those triple digits - epic movement lately.

Slammy mcslammerson is back. Crazy movement. Up 9, down 8, up 8, down 7. Normally I'd be upset with such downward drops because there is NO reason for it other than desperate banks trying to save face but it's still so high in value compared to what I bought it at that it's no big deal and new highs are simply inevitable with M2 money supply going up(also China banning silver exports starting January).

It's STILL undervalued because unlike gold it hasn't hit its inflation adjusted all time high which is $180 and even at $180 it's undervalued because of how much demand is outpacing supply.



Gold is money of kings, silver is money of gentlemen, barter is money of peasants, debt is money of slaves.

 

[Unknown?]

Apparently a big systemic bank failed to meet its margin call and had its position liquidated. The Fed had to emergency fund 38 billion in the repo market as well. Shanghai is still at $83.

 

[Unknown?]

1.4 BILLION ounces dumped on the comex yesterday, a traditionally thin trading day, but largest of all time. Brought it down from $84 to $70 but we are back to $77.

 

[StereoVsn]

What do you guys do with all the bullion? Just keep it in a safe deposit box (if those still exist around you)? Or do ETF based investing? I always wanted to have part of my investment into metals but logistically always seemed a pain.

 

[Unknown?]

What do you guys do with all the bullion? Just keep it in a safe deposit box (if those still exist around you)? Or do ETF based investing? I always wanted to have part of my investment into metals but logistically always seemed a pain.

I'm not sure anyone here has so much they need to worry about that? I'd suggest a personal safe if you have your own place but if you had tons and tons a private vault would probably be best. There are companies that will store it for you that are trusted and some will even let you go into the vault to see your metals.

Anytime you store at a 3rd party, though, it puts you at risk of them shutting down and a safe deposit box is a bad idea. Too many stories of people's stuff being taken from those. Don't go telling people about your investments either if you do have it in a safe.

ETF is just paper trading(but also the riskiest) and has its merits but I'm not trusting any bank derivative which is basically what it is. I personally believe you need physical but ETF could be done on the side if it's your thing.

 

[Unknown?]

Reports of physical silver in Tokyo trading on the street for $130 per ounce, while premiums in Dubai have hit $115. The global market has fractured, and the "Paper Price" in the West is now trading at a massive discount to the "Real Price" in the East. This is getting crazy!

 

[Unknown?]

Metals took a hit today but still pretty good. $77 for silver. Those banks do NOT want it at $80. Every time it touches it or goes above, they slam it back down.

Discovered a new book recently, The Tower of Basel. It's very interesting, it's about the Bank of International Settlements. This bank is supranational, it adheres to no laws.

 

[Unknown?]

Holy crap, gold is shooting up! $167 up on the day.

 

[Unknown?]

$100 silver baby!

 

[Unknown?]

And now $110 just 3 days later?! Mike says it best paper silver is dead or at the very least, close to dead.

 

[Go_Ly_Dow]

Making a killing from my resource stocks.

Long may they rise.

 

[RCX]

And now $110 just 3 days later?! Mike says it best paper silver is dead or at the very least, close to dead.

if you don't hold it, you don't own it.

 

[Tomorrow]

why is silver also rising?

that's honestly the first time i can remember seeing the price of silver rising. it's always only been gold but i'm no expert.

 

[simpatico]

I'm a crazy prepper, and I'm flexing so hard on my father and brother during this silver rush. I've got pounds and pounds. I think my average cost is low 30s. There's good DD out there if you're open minded.

 

[simpatico]

What do you guys do with all the bullion? Just keep it in a safe deposit box (if those still exist around you)? Or do ETF based investing? I always wanted to have part of my investment into metals but logistically always seemed a pain.

Gun safe. Ended up trading into bigger denoms. You can fit a shitload. There's something unexplainable about the feeling of running your fingers through a shoebox full of rounds. Activates the almonds. You won't wonder if you made the right choice after you feel the heft.

 

[Unknown?]

why is silver also rising?

that's honestly the first time i can remember seeing the price of silver rising. it's always only been gold but i'm no expert.

Many factors here. Traditionally silver has trailed gold though. Gold will move first and it will take silver some time to mimick it but it almost always mimicks it but also out performs gold on a percentage basis.

1) 5 years of deficit. Silver is being used up faster than it can be mined and has been for 5 years. Unlike gold, silver can be destroyed and used up. There simply isn't enough supply for demand.

2) 150 years of price suppression becoming less effective. It has been priced in paper derivatives (same as gold) since the 70s but that pricing methodology where they create more silver contracts than they have actual silver is failing.

3) Much higher use industrially.

4) Investors are using it as a monetary metal again. Metals are traditional safe haven assets in times of turmoil or uncertainties.

 

[Tomorrow]

Many factors here. Traditionally silver has trailed gold though. Gold will move first and it will take silver some time to mimick it but it almost always mimicks it but also out performs gold on a percentage basis.

1) 5 years of deficit. Silver is being used up faster than it can be mined and has been for 5 years. Unlike gold, silver can be destroyed and used up. There simply isn't enough supply for demand.

2) 150 years of price suppression becoming less effective. It has been priced in paper derivatives (same as gold) since the 70s but that pricing methodology where they create more silver contracts than they have actual silver is failing.

3) Much higher use industrially.

4) Investors are using it as a monetary metal again. Metals are traditional safe haven assets in times of turmoil or uncertainties.

if people have the means to buy gold, should they ?

again i don't know what is happening but price of gold and silver rising seems concerning. i can buy gold if i wanted but i'm trying to understand why.

 

[simpatico]

Silver has may reasons to rise now between the outstanding shorts, the economic uncertainty among super power, and the material need for it in tech with AI and batteries going wild.

 

[Unknown?]

if people have the means to buy gold, should they ?

again i don't know what is happening but price of gold and silver rising seems concerning. i can buy gold if i wanted but i'm trying to understand why.

I think it's wise but only do what you're comfortable with and do your own research. I would suggest watching the video clip I posted in the OP as it shows how the current fiat system works.

You may want to read up on the subject too if you want a deeper look into how it works.

 

[DrFigs]

if people have the means to buy gold, should they ?

again i don't know what is happening but price of gold and silver rising seems concerning. i can buy gold if i wanted but i'm trying to understand why.

I think there is a ton of uncertainty stemming from the U.S. and China. I am sure there is lots of reasons about the particulars, like central banks offloading U.S. securities for gold, but i'm pretty sure this is what is driving prices up. W/ silver I think its the uncertainty plus increase industrial demand for its uses from AI and other stuff.