Precious Metals New Thread 2.0

So I would buy physical PMs and you can invest in PMs miners.... But stocks won't fight the coming inflation and new dollar reevaluation.

So convert profits to real physical assets, pay off debt and buy things you need now not later.......

not invest advise, just my opinions............

 

Crazy, kodak was being used to short silver. Well another one bites the dust.... We'll see...

 

Palladium 2163
Gold 1986
Platinum 918
Silver 24

One of these is not like the others.......... But will catch up.....

I hope there is one last dip, but most likely no....

 

Shift From U.S. Dollar As World Reserve Currency Underway – What Will This Mean for America?
https://www.munknee.com/shift-from-...ncy-underway-what-will-this-mean-for-america/

Goldman Warns the Dollar's Grip on Global Markets Might Be Over
https://www.bloomberg.com/news/arti...r-s-role-as-world-reserve-currency-is-at-risk


So all my "crazy" talk isn't crazy anymore but in fact reality.
That's why we are getting PMs is to protect ourselves for the transformation "fall" of the Petrol Dollar.

We are also hoping that the fall the the dollar will brake the illegal trading that has been suppressing the price of PMs.
We also need a safe haven from digital currency so we can preserve wealth.

So we can benefit in multiple ways from the PMs trade.....

 

Im really hoping for another dip myself. The issue right now is that the brokers don’t want to sell their silver to the retail shops, which is putting a strain on supply as demand has risen.

At my local shop, all they are getting is from people selling their silver to them.

Not good, and making it harder for the coin shops to stay in business, as the brokers are witholding supply.

 

Great day

 

Yeah, everyone is running out, so they are holding back. Really dumb to sell right now. APMEX still delivering and they don't have much left, Eagles and scraps Maple were out, still have gold... Ebay may have some deals if someone marked the price too low...

Only buy in stock PMs, during shortages.... These are the times people get burned from low inventories...

 

Ebay will charge you tax, so not the best place to buy.

 

Good logic above. Interesting! Silver 25.85

 

$26.23 is key resistance. If it breaks above then $30+

 

Good info, Didnt know.

 

Next stop $30 on this train.

https://www.marketwatch.com/story/h...000-level-2020-08-05?reflink=mw_share_twitter

"And with 105,025 short contracts there is plenty of fuel for a short squeeze too.”

Meaning more upside.

 

Who would have known 2020 was the year for PMs to awaken from their slumber... been a lackluster performing asset for 5+ years.

Glad we were stacking for all these years, in the $12-20 range, with low premiums and bountiful supply, pre-covid.

Now theres a rush. Brokers are withholding selling to dealers, US Mints Production is waning for the next 12-18 months, due to limited operations.

The mining industry has been taking a beating as well, with overall mining yeilds in silver dropping, along with production cuts up to 65% of mines in 32 countries due to Covid-19 crisis.

Supply vs. Demand.....

To top it off, its amazing seeing these stimulus bills in the TRILLIONS being passed, and it hardly startles anyone nowadays... National Debt $26.5 Trillion and counting...

We are slowly seeing the decay of the dollar, and ushering in the birth of a new financial system, that most are unaware of.

CBDCs are the talk now, with the banks now able to have custodianship of cryptos, and laws being signed from various countries on cryptos.

 

People out there will gladly buy over spot price, a truly bullish sign.

 

No need to sell at fresh all time high (gold). Silver has always pushed to an ATH right after gold. So, $50+ silver could very well be in the cards.

https://mobile.twitter.com/DawesPoints/status/1290798960227971072

 

Wasn't telling people to sell, saying that there are $ holders willing to buy at a premium is truly a continued bullish sign.

 

I think this is finally the start of it, too many factors are coming into play to keep the price down and physical supply is almost gone and we still don't have the mainstream yet.
By time the mainstream figures it out they may not be able to get any..
The money printing is going crazy so good thing we have the best insurance.

$4,000 an oz vs M2 that is getting crazy.... Be prepared for some inflation... Waiting for the day when I can buy a car for 1 tube of silver....

 

The price is moving faster than an ebay auction so you may find some good deals.... Relatively...

 

I just had to make a purchase and may make another one, ouch..... So used to cheap PMs, getting half the metal for the same price. But still way under valued and best investment available...

 

APMEX out of 2020 eagles and maples it's getting slim out there...