Precious metals

Problem is the chemicals involved and the time costs more than the amount of gold you get. Unless you scale up and do it full time, which means you'll probably die or become sterile from melting down all that small ball gold lol.

People have stolen copper wire since the 80's. Nothing new there. Hell, remember when Nickle hit $50,000 a ton and people were talking about illegally melting nickles overseas for the copper and nickle in the coin?

 

Is the reason it's so low now but when sill it stop.. They are on the boards or just threaten miners or buy them out to keep the supply coming.... Current cash flow cost are 20-35 an oz total cost are 60-80 an oz so at 14 an oz it's not practical to mine it and the mines will start shutting down....
Even base metal mining, there is a 5 year supply of copper and aluminum so why keep mining it?? Those mines will slow down also....

But there is no room in inventory to allow for reduced mining.........
Apple uses just a little silver in a phone but if inventory runs out they can't build phones and they aren't going to lower quality so they will buy extra and they have so much cash they could buy all the silver in one day and that will break the shorts.........

But if there was no investor demand, silver could run 10-20 years at current levels........ But silver is also money no matter how much you fight it and now you add in QE4ever more and more people around the world are looking for protection from the federal reserve's money printing....

The silver market is so small it won't take many more physical buyers to break the shorts........

 

you have to batch process, silver is not worth the effort ( which is good for the price) gold is worth it....... It's not that hard to get an oz of gold and it worth 1100......

 

So your saying now the powers that be are physically threatening mines to keep the supply low . Dude, if they wanted to control the price it's as simple as making it a strategic resource, like Helium, and then the price and volume is set.

If apple buys a ten year supply it's still only a few percent of a years supply. More likely than buying a pile of metal, which isn't something Apples shareholders will like, Apple will switch to another solder. They exist, only about 60% of manufactures use silver solder. It won't lower the quality. Heck, I'd challenge that Apples quality can't fall off by much more .

Equity protection with silver is fine . I've supported that position. However I doubt it will work out much better than that.

 

I've done it good sir, you'd need something like 300 iPhones to get $1100 worth of gold. Good luck getting enough aqua regia and other required chemicals to retrieve the gold and remove the tailings, let alone 300 old iPhones, to cover your costs. Metal scavenging from electronics is a hobby, not a get rich quick guarantee.

BTW CPU's and motherboards often yield better than something like an iPhone. However, you still end up behind in costs unless you are able to buy the chemicals in bulk (1000 L) containers and do this full time. At that rate of production the risks to your health far outweigh the money you might make.

 

You miss the point if there is no stock pile of silver now and mining is slowing down and new mines aren't coming on line it won't take much more to get a real shortage..... are you a wake?????

 

What do you call all the silver sitting in the form of coins and bars in vaults? Sounds like a stock pile to me, considering 25% of each years production ends up in those forms and, if the price increases 25-30%, most of those sources will open up and sell out to switch to another more stable equity holding.

I'm awake. I think you've just talked yourself into this a little too much without enough facts behind what you are saying.

 

That depends on your out look for the price..... the TROLL price of gold is like 500-800 in 5-10 years it will be much higher than it is today.......
Lots of wires and electronics use gold connectors not just phones, 24% of gold comes from recycling (1100 tons) so they think it's worth it..........

YouTube it, it's more time than money...... My brother has like an oz of gold from it and tons of copper, so if you want PMs and don't have the money but you have time and storage, scraping is a good option.......

 

Like I said, I've done it. Followed the youtube videos, bought the chemicals, and did it myself. CPU's and MB's are actually about the best sources of gold. Still, you won't end up with enough to cover your investment costs. Ask your brother how much time he's spent doing it? How much acid? At the end of the day he'll be lucky if he's made even a hundred dollars.

BTW I never said the price of gold is going to be 500-800 . Not sure where you got that from. The price of gold is probably stable for a while here, if not going slightly up.

 

What vaults have silver????????? where are these magical vaults you talk of??????????

Why are you non stop saying silver dumb, don't buy???? I'm not a troll but all I do is bash silver with no facts.......

I get it, you don't believe in silver, than don't get any.....

Prove any of your points, but TROLLS don't have any facts........
just nonsense, silver bad, don't buy, lots of silver, no one wants it, the price is not fixed, I can buy lots of silver.....

Go show me any magical vault that has silver in it..............

So how much inventory is available right now???? you said it's a lot so how much???????? or you just TROLLING

 

Lol, yes I will go and demand that Citi prove to me that they have a few million ounces in their vaults. You yourself admit that thousands of tons of silver each year go into coins. Where do they all go? Companies just melt them down? Nope, most of it ends up in a vault somewhere. Especially as equity holdings from large entities, both corporate and private. You are dealing in a metal where at least 25% of it is saved every year, and has been for decades. Explain to me again how this is not a stockpile?

Get real buddy. Screaming troll at everyone here who doesn't buy into you advertising and conspiracy theory "fact" sites doesn't make your point real.

Anyways I'm out again. I think you let some of the fumes from your brothers smelting get to you.

 

Because you guys don't know shit but keep acting like you are experts.......
If you looked at the chart you would see that it is not 25% of silver has been going into coins....
But you are in such a hurry to TROLL you forgot to look at the facts.......
But hopefully other people can read and will see that just last few years coin demand has gone to 25% of total supply and about 35% of mining supply.... and that is good and shows growing demand for silver, that you keep saying no body wants........

I wish someone could come up with a real negative about silver not just stupid TROLL talk.......

 

You know what, I might just buy some silver coins just for fun. Win either way. One way I get to laugh if they only make a few percent per year by the time they jump. The other I'll get to cash in for something nice.

What's a good price right now over spot?

 

I think it's a good idea if you understand the trade........
I see eagles at 21.48 w/cc free shipping from the big guy ......
But if you have a local guy go buy from him, I believe in supporting small local business.........

 

Okay, so question for you. Do you think a part of silver demand is how easy it is to get ahold of? I'm finding Eagles around the price you mentioned, Maples for a few bucks more (I am Canadian after all), and odd balls for around $18.

If you are gambling on silver price, wouldn't the oddballs be the best bet? I'd probably stick with maples cause, heck, I'm Canadian so that sort of matters to me not to mention maples always seems to command a premium but I'd like to hear thoughts on buying the cheap clearance stuff.

Also, do you think the demand for silver has something to do with these prices? I mean, if I wanted to buy a few Palladium coins I'd be looking at spending at least $550 coin, and gold even more than that, so silver is pretty easy for every day guys to get. I'm wondering if that could be inflating the price a bit.

 

1st is they are shorting silver to get people out of the market and to sell silver and some have, but it has had a reverse effect and people see the value and are buying out the bottom.... buy low...........

The old balls will get you more silver but you make up the premium on eagles and maples when you sell.... I recommend starting with eagles and maples for better and easy resale...... You need silver that will be easy to recognize and easy to sell........ If silver goes crazy people will feel more comfortable with name brand silver.... and if you sell back to the coin store you will need name brand coins.........

Silver is the easiest asset to buy... What can you buy for $20 that will have value for a 1000 years??? the silver will out live your family.......
There were kings that never had more than 2000 oz of silver......
Silver doesn't pay interest but also has no expense......

I have researched the crap out of silver and can't find a solid hole, always points to another reason to buy..........

 

So any thoughts on platinum?

 

FYI today the Dow and Silver are both up 2% at the moment....

 

Don't buy the oddball collector shit. Get uncirculated Eagles or Maples. They will be easier to sell as they are the easily identifiable and everybody knows what they are.

 

Silver demand has dropped due to digital photography. Kodak used to be one of the world's biggest silver buyers, and now buys almost nothing.

As for the supply of silver, a good bit of it comes as a by product of copper refining. I got a change to tour a largge copper refinery (ASARCO in Amarillo) and there was significant silver contained in the copper rafinate and they had a seperate large building, 50,000 sq ft or so, just for electrorefining silver out of the copper waste.

Silver is really an industrial metal, not a precious metal.

Howard