Precious Metals New Thread 2.0

$28.43 now. I would crack a joke about having some to sell, but my PM box would be full

 

If anyone is seriously interested in buying, these are probably the lowest premium best deal out there. In stock, no sales tax, free shipping.

https://www.scottsdalemint.com/product/10-oz-scottsdale-stacker-silver-bar-secondary-market/

And $30 came faster than I thought

 

Some heavy shorts do not want to see silver over $30.

 

They can try, but theres massive money printing continuing to happen... Wont be long before the levi breaks!

 

I've been in this PM game for 30 years, I've held more than I care to admit. Still stacking when I can.

"They" (fiat money changers) do not like silver. Never have, never will. Fun fact, silver used to be worth as much as gold. It's estimated the above ground silver (1.5B ounces) is the same as above ground gold. 90% of silver gets used in industry every year while 90% of gold gets saved for investment.

Silver will never see it's "true" value and price until fiat paper currencies go away.

 

Absolutely correct. Not sure if we will ever see silver go higher per ounce than gold, but the gap is closing. Back in March we were 124:1. As of Aug. 10th 11pm PST that ratio is 70:1. Historically we know it trades 10-20:1

Keep stacking on these dips

 

$2 pullback on silver.............yeah the power players rustled in their sleep and rolled on their sides.......

 

Beatdown

 

Yeah now down $3, a couple power players are taking the piss, one or two must be getting busy. Selling above $28 to buy a bike was my lube.

 

We have some support for silver around $23-24.

keep stacking on these dips as inventories are low. Always good to have a working relationship with your local coin dealer.

Meanwhile...

 

I bought some SLV ETF today, near the low. 23.26/share closed 23.33

(Ag spot now 24.80 off nearly 4.50 today)

 

Will probably buy this dip, may be one of the last but who knows, with fake markets and fake prices, I'll just keep buying till apple runs out and calls the market.
With all the C19 crap mines are down, countries aren't shipping PMs so this may break their price controls.

 

Yeah with all this crazy money printing and everyone with their hand out trying to get some, I think they are killing off the dollar and this is the last hurrah...
buy assets now convert those dollars now before the value tanks...

 

The biggest moves in an overall bull market are down days.

https://mobile.twitter.com/GaricMoran/status/1293525242829250563

 

Almost shit my pants and realized I had the settings on the Brazillian real.

 

haha, not yet, but eventually we will be there.

Credit is being squeezed, and in a debt based economy, if credit isn’t being expanded we have a deflationary crash ahead.

Fasten your seatbelts belts, we are headed for a new digital dollar, along with the rest of the world in CBDCs.

 

I disagree with the last statement because of your previous statement. “They” will lose control of it due to industrial demand. Industrial demand is rising every year and we are passing annual production and not slowing down. Apple, Tesla, chip, solar manufacturers, etc don’t give a damn what’s going on they need to keep buying it to make their stuff. Eventually they are going to have trouble getting it and prices are gonna have to rise. Silver is the oil of the future, except it’s harder to ramp up production on silver than oil. JMO.

As far as what’s happening today, I like this 2 week consolidation. I think it gives us a base to go higher, maybe just wishful thinking.

 

Yes, Industrial uses are going to play a major part in the demand for silver, as the narrative of the elites is they want a greener society.

This consolidation is good. Healthy to have this, and I can only hope that we continue upwards soon. Keep stacking friends

 

I think we are talking about breaking the naked shorting of 5 trillion dollars....
As soon as Apple or Tesla runs out of silver they will buy enough so they don't run out again that will break the shorts.
With C19 closing mines and closing shipping that is also helping to strain short term supply.

But really the crazy money printing is whats going to make the price go crazy, hopefully enough to cover the coming inflation and break the illegal trading...

Another hopeful out look is that new mining is almost 0 because there is no money to open new mines we are 10 years behind and it takes 10 years to get a new mine on line.
So even if they find a huge supply today it will take at least 10 years before the mine can supply any silver.

 

Didn’t realize it took so long for a mine to get online and start producing. Definitely a lot of favor for the PMs with the world currencies and economies amassing debt.

Jerome Powell is stated time speak on Thursday, and people are predicting that he will let inflation run its course.

We see the dollar gaining traction as the European and Chinese economies aren’t doing so well.

Of course this is all short term and shaking people out of PMs.

We have a bright future. Hang in there fellas.