Silver getting crushed today

Discussion in 'Bullion Investing' started by Soiled, Apr 1, 2016.

  1. longnine009

    longnine009 Darwin has to eat too. Supporter

    You ever notice how Flipper used to wink? I'd flipped him in a New York second.
     
    Last edited: Apr 18, 2018
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  3. harrync

    harrync Well-Known Member

    Good point. This was especially important back in the Hunt brother's silver debacle of the late '70's. People often say silver got to $49 an ounce. NO! "Good delivery bars" got to $49; I never saw silver or silver coin over $35. A good delivery bar is an approximately 1000 oz bar produced by a refiner approved by the commodity exchange. If you shorted a 1000 oz contract, you either had to buy back the contract, or deliver a good delivery bar to an approved warehouse. [Well, actually, most likely nothing ever physically moved; one commodity broker just transferred ownership of a bar already in storage to another broker.] And no, you could not come in with 1000 oz of silver US coins and satisfy your delivery obligation; only good delivery bars could do that. The approved refiners stopped refining for the public; they would only refine for their own account. Why refine for anyone else if you could buy junk silver at $35, spend a few cents per ounce refining it, then sell for $49? So there was a "squeeze" on good delivery bars, just like stock speculators can engineer a squeeze on a company's stock.
     
    V. Kurt Bellman likes this.
  4. abuckmaster147

    abuckmaster147 Well-Known Member

    Up Up Up and away!!!!!
     
  5. V. Kurt Bellman

    V. Kurt Bellman Yes, I'm blunt! Get over your "feeeeelings".

    And therefore thou shalt maintain thine omnipresence in the abyss of ignorance.
     
    CoinCorgi likes this.
  6. Clawcoins

    Clawcoins Damaging Coins Daily

    Last edited: Apr 19, 2018
  7. sakata

    sakata Devil's Advocate

    And the GSR goes down.
     
    -jeffB likes this.
  8. ToppCatt

    ToppCatt ToppCatt

    Claw - dropping back a little - you know "vegan" is an old Indian term for "Bad Hunter".
     
    CoinCorgi likes this.
  9. sakata

    sakata Devil's Advocate

    The word was coined in 1944 in England when the Vegan Society was created.
     
  10. Clawcoins

    Clawcoins Damaging Coins Daily

    All I know is space travel, wouldn't have been possible, if it wasn't for the avocado.
     
  11. slackaction1

    slackaction1 Supporter! Supporter

  12. ToppCatt

    ToppCatt ToppCatt

    Sounds reasonable. Things being tough for them at the time.
     
  13. crazyd

    crazyd Well-Known Member

    New thread title ? Silver is...... crushing it today ?
     
  14. abuckmaster147

    abuckmaster147 Well-Known Member

    Gun shot Residue ???
     
    Clawcoins likes this.
  15. abuckmaster147

    abuckmaster147 Well-Known Member

    veganism!!! I would rather veg Man!
     
    slackaction1 likes this.
  16. Kentucky

    Kentucky Supporter! Supporter

    why not
     
  17. Clawcoins

    Clawcoins Damaging Coins Daily

    Because.
     
  18. Clawcoins

    Clawcoins Damaging Coins Daily

  19. Kentucky

    Kentucky Supporter! Supporter

    OK
     
  20. Clawcoins

    Clawcoins Damaging Coins Daily

    Thumbs Up squirrel.jpg
     
    Kentucky likes this.
  21. Clawcoins

    Clawcoins Damaging Coins Daily

    pssst ...

    All I know is space travel,
    wouldn't have been possible,
    if it wasn't for the avocado.

    A - It Rhymes;
    B - is vaguely correlated to veganism with the avocado;
    C - teaches us a fact that is false, though is still a stated falsely fact;
    D - it's confusing jibberish to enlighten the day; or
    E - All of the Above
    :)
     
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