Precious metals

I agree with this right here.

 

I've been labeled a troll so I hope I get some company... But only join me if you like debating the facts and sound economic principles.

 

Doesn't matter if you agree, but when a 2 second google search says everything I;m saying( maybe not the Bombing) then why are try to deny it??????

Facts are fact weather if you agree or not........

Just to interfere with the PM talk that's why..........

The firs big date is the 13th so we'll see.......

 

What facts?????????????

I'm the only one posting any facts......... but you're here to troll or you would take the silver challenge......

Or start your own thread "we hate silver" and close your eyes to the world..........

 

Than just look at the charts, you guys aren't interested or you would read some of the links.........

Why to buy silver???? supply and demand........

Supply is limited and shrinking and demand is through the roof......... and the price keeps going down because of naked shorting......
The investment is the physical buyers trying to break the shorts.............

Those are the facts if you don't agree why are you here?????????????

I post things that prove it you guys all say no it's not true, because you talk out of your ass.......

So proof I'm wrong or shut up...........

Show me the silver inventory, where is it?????

You guy are full of crap and are just TROLLING...........

I have answered all the questions tons of time and you come back with the same shit.............

 

This is why you buy silver........... Prove this right or wrong.......... I'll wait for you to change the subject again.............

 

Where is this demand? I'd like it explained without using minting.

A simple google silver search shows several large banks have huge silver physical holdings as equity to back lending. Chase alone has 350 million ounces.

https://www.fortressgoldgroup.com/chase-bank-is-preparing-for-something-big/

On top of that the same search "how much silver is in banks" goes though multiple, large, investment firms that use silver for the same reason. Warren Buffet has over 2 tons collecting dust somewhere in London. It's a great asset to hold to protect themselves if a cash investment goes terribly wrong because it's a physical, liquidatable, holding.. That practice goes back hundreds of years.

 

I already explained it but he didn't want to listen. I have many jewelers who use the same caster and the price of silver has only gone down as the demand has waned. But I guess my buying custom jewelry cheaper than I ever have has only benefited me...

 

Silver was $2.50/oz in 1973. It's $15/oz today. The Dow was <800 in 1973. It's >16,000 today. If you were sitting on precious metals through the '70s and '80s you missed out on insane bond rates. There are ways to make money in every market; no serious investor puts any bulk into precious metals unless they're reading too much JW CommaRawles.

 

All my charts have the price of silver going down. Your defense is always some lame blog or idiot on youtube with about 16 followers spouting off asinine facts....

 

Building on my premise that the demand is actually created by minting, who wouldn't or isn't minting as many coins as possible when they can be sold with 44% markup. It's literally highway robbery by the mints to guys like the OP...

 

Exactly what I've been trying to say as well. Buy it as part of a portfolio, not because the world is going to end or the dollar will be used to wipe your arse.

But some here aren't talking about silver as an investment, they believe the zombies are coming.

 

The big increase in demand is from coin and bars and investing......... And it is through the roof.... can't be denied............ and silver is not mainstream..........

The industrial demand is at a stand still because of the weak economy.......

So the only real negative is as the world economy weakens and ,it will, silver demand for industrial use will go down prolonging the silver shortage....
That's why this is not a 1 yr trade could be 5-10 years to play out because right now there is just enough silver to meet supply....
a strong world economy would make silver a better trade...

Investor demand is up huge but needs to go higher to break the shorts....

Silver investors believe that bad things are on the horizon so when the mainstream jumps into the metals or any big investors and it is game over... If apple decides they need to buy up silver to reduce delays the price will go through the roof.........

This year the miners are starting to cut production and India silver demand is up........

If anything happens to the dollar or the big banks you will want to be in silver..........

I found the old page for silver institute


You can see there is no extra silver, year after year.............

https://en.wikipedia.org/wiki/American_Silver_Eagle

you can wiki silver coins to see the demand is up by a lot...........

I focus on silver because it is in short supply there is around 200,000 tons of gold in inventory that's a 50 year supply if needed......
Silver has less than 1 year of inventory.....

 

Will the markets collapse on this date? Will the GDP go negative plunging us into a depression? Will China sell all their remaining treasures and devalue the dollar?

 

You are missing the fact the silver is replaceable though for almost all of it's uses.

Of course minting is way up. If I can buy silver from a mine for a low price and sell to guys like you at 44% markup I'd be buying up as much silver and making as many coins as possible. That's a false market though since once supply is gone the value will hop to something else because nothing will be driving silver by that point.

 

Yup, that's why there's a disconnect from the spot price to the numismatic coin price.

 

Not well-versed on my conspiracy theories and I don't have a blog/youtube channel, so I'll just fall back on my bachelor in Economics (focus was banking & monetary policy). The two indicators I look for in PM's are price momentum and market sold rate. It's personal preference but I buy metals based more upon technical indicators and there's nothing out there showing me a rebound is coming.The RSI is sitting just below 50 (indicating the overall market is closer to oversold than overbought), and the MACD for gold is rising back to zero but on a very slow ascent so I'm not expecting a breakout but a small move up.
The Point: In the short term, Gold might see a small uptick followed by a return to current price. Long term I still think gold will break through $1.1k/oz resistance and fall closer to $1.05k. But that's just my opinion. Let me get this thread back on track:

My dad's uncle's grocer........... saw five white doves............... flying over a synagogue.............. facts are facts............. right or wrong............ zombies are coming...........

 

Yes finally, don't forget your stochastics as well!

 

Zombies don't have to come for the dollar to fail...... It will fail because of QE4ever........ and our huge debt 17 trillion, there is no way to pay it back... 0% rates 4ever, rates are not going............

one of the points is that the silver trade is just starting because of supply and demand..........

We have used up 1000 years of silver in 20 years.... we had the worlds largest stock pile of silver ever accumulated and it all used up........

so in the 80s you need to be in the stock market........

times change..........

Name 1 thing we are doing to balance the budget........... nothing, spending more and more..... even trump wants to waste more money on military spending........

So how are we going to fix the problem??????????

You need to take out insurance and protect yourself..........

 

But it wasn't used up, it was put into coins and passed into vaults lol. You said so yourself.