Is It Time For Silver?

Discussion in 'Bullion Investing' started by yakpoo, Jun 21, 2019.

  1. Mkm5

    Mkm5 Well-Known Member

    Hmm, SD Bullion has a "shipping delays due to increased order volume" message at the top of it's webpage.
     
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  3. Mkm5

    Mkm5 Well-Known Member

    Haven't seen that since March 2020.
     
  4. I got a 10 oz. silver bar and if silver goes to $1000 an oz. i got myself $10,000 dollars lol
     
    crazyd and longshot like this.
  5. Mkm5

    Mkm5 Well-Known Member

    T
    These days, ya never know! Let's get to $30 first!
     
  6. Spark1951

    Spark1951 Accomplishment, not Activity

    ...not quite. An LCS would buy it for 15% less so you would net $8500...Spark
     
    slackaction1 likes this.
  7. Mac McDonald

    Mac McDonald Well-Known Member

    Was never into silver and gold, but after just reading the page 1 posts about silver at $15 and never getting to $25 again, I just checked today's silver prices at $27 oz. Embarrassed to ask what you all are talking about and/or what am I missing...?
     
  8. Mac McDonald

    Mac McDonald Well-Known Member

    Was never into silver and gold, but after just reading the page 1 posts about silver at $15 and never getting to $25 again, I just checked today's silver prices at $27 oz. Embarrassed to ask what you all are talking about and/or what am I missing...?
     
  9. The people who run those prices want to get silver to 1000 dollars an oz.
     
  10. The people who run those prices want to get silver to 1000 dollars an oz.
     
  11. The people who run those prices want to get silver to 1000 dollars an oz.
     
  12. slackaction1

    slackaction1 Supporter! Supporter

    Dang need to change my glasses am reading double triples
     
  13. GoldFinger1969

    GoldFinger1969 Well-Known Member

    The Reddit crowd is talking:

    Silver: "Worlds Biggest Short Sqeeze" - Reddit --

    *The reason that only 8 ounces of silver are produced for every 1 ounce of gold in today's world is because there aren't really any good naturally occurring silver deposits left in the world. Silver is more common than gold in the earth's crust, but it is spread very thin. Thus nearly every ounce of silver produces is actually a byproduct of mining for other metals such as gold or copper. This means that even as the silver price skyrockets, it wont be easy to increase the supply of silver being produced. Even if new mines were to be constructed, it could take years to come online.Finally, most of this newly created silver supply each year is used for productive purposes rather than kept for investment. It is used in electronics, solar panels, and jewelry for the most part. This demand wont go away if the silver price rises, so the short sellers will be trying to get their hands on a very small slice of newly minted silver. The solar market is also growing quickly and political pressure to increase solar and electric vehicles could provide more industrial demand.The other part of the story is the faster moving piece and that is the inflation and currency debasement fear portion. The government and the fed are printing money like crazy debasing the value of the dollar, so investors look for real assets like precious metals to hide out in, driving demand for silver. The $1.9 trillion stimulus passing in a month or two could be a good catalyst. All this money combined with the reopening of the economy could cause some solid inflation to occur, and once inflation starts it often feeds on itself.What to buy:I will be putting 50% directly into SLV shares, and 50% into the $35 strike SLV calls expiring 4/16.This way the SLV purchase creates a groundswell into silver immediately that then rockets through a gamma squeeze as SLV approaches $35.Price target of $75 for SLV by end of April if the short squeeze happens.Edit: for the part of your purchases going into shares, some people recommend PSLV because they think SLV might start lying about having the silver in their vault. Or that the custodian will be double counting, ie claiming that the same silver belongs to multiple people (banking on the fact that people wont all try to get their silver at once). So if you buy SLV shares and calls, that's great. But I think it could be prudent for us to buy options in SLV (no options on PSLV) and shares in PSLV. It all depends on how paranoid you want to be. There is a lot of paranoia in the precious metals world.Alternate options:buying physical silver; this also works but you pay a premium to buy and sell so its less efficient and you take fewer silver ounces off of the market because of the premium you paygoing long futures for February or March; if you are a rich bastard and can actually take physical delivery of 1000s of ounces of silver by all means do so. But if you simply settle for cash you are actually part of the problem. We need actual physical delivery, which is what SLV demands and is why SLV is the way to go unless you are going to take deliveryminers; I don’t recommend buying miners as part of this trade. Miners will absolutely go up if SLV goes up, but buying them doesn't create the squeeze in the actual silver market. Furthermore, most silver miners only derive 30-50% of their revenue from silver anyways, so eventually SLV will outperform them as it gets high enough (and each marginal SLV dollar only increases miner profits by a smaller and smaller percentage)Details on SLV physical settlement:When SLV issues shares, the custodian is forced to true up their vaults with the proportional amount of silver daily. From the SLV prospectus:"An investment in Shares is: Backed by silver held by the Custodian on behalf of the Trust. The Shares are backed by the assets of the Trust. The Trustee’s arrangements with the Custodian contemplate that at the end of each business day there can be in the Trust account maintained by the Custodian no more than 1,100 ounces of silver in an unallocated form. The bulk of the Trust’s silver holdings is represented by physical silver, identified on the Custodian’s or, if applicable, sub-custodian's, books in allocated and unallocated accounts on behalf of the Trust and is held by the Custodian in London, New York and other locations that may be authorized in the future."'TheHappyHawaiian" ends with a call to (financial) arms:Join me brothers. Lets take silver to the moon and take on the biggest and baddest manipulators in the world.Please post rocket emojis in the comments as desired.Disclaimer: do your own research, make your own decisions, everything here is a guess and hypothetical and nothing is guaranteed, not a financial advisor, I have ADHD and maybe other things too.Bear case: silver does tend to sell off if the broader market plunges so it’s not immune to broad market sell off. It’s also the most manipulated market in the world so we are facing some tough competition on the short sideInterestingly, 'TheHappyHawaiian' dropped this update on 1/29:Due to the manipulation and collusion of citadel, hedge funds, and brokers to change the rules and rig the game in their favor. Who likely knew ahead of time and bought puts right before and calls at the bottom, GME is too important to abandon still. SLV is still my next play but GME needs to go to $1000 and these people need to go to jail.However, judging by the massive physical premiums for silver we are seeing this weekend at APMEX...... and JM Bullion......there are more than a few who are already rotating to SLV from GME.
     
  14. Danr

    Danr Numismatist

    ....and so it begins!
     
  15. -jeffB

    -jeffB Greshams LEO Supporter

    Well, that's certainly a wall of text. :rolleyes:

    Not much there that I haven't been seeing here (in this forum, and elsewhere on CoinTalk) over the last ten years, except maybe the notion that "we" are in a position to overwhelm "Them", the ones "keeping silver down".

    I'll admit I was a little surprised that a subreddit was able to make that much of a splash on GME -- but that's one stock, with a market cap well under $1B before the recent fun and games. GME's current market cap is a huge practical joke, acknowledged even by those still buying it.

    SLV alone is an order of magnitude bigger than three-weeks-ago GME, and SLV is only a small part of the silver market. Yeah, r/WSB can have an effect -- but I don't think it's going to Change Everything.

    But... JM Bullion is showing all 90% out of stock, except 1964 halves, and APMEX is apparently down to a few odds and ends (lots of worn Barbers and some BU Walkers, if you don't mind super-high premiums). I expect that when the POS has just plummeted, like in March. Now, with silver high and on the rise? Yeah, there's something I'm not understanding. But I'm watching with interest.
     
    manny9655 likes this.
  16. manny9655

    manny9655 Well-Known Member

    and dealers I buy from are out of stock on just about everything
     
  17. Mkm5

    Mkm5 Well-Known Member

    And now they aren't even taking orders!
     
  18. slackaction1

    slackaction1 Supporter! Supporter

    I have been watching the ASE sell... BU condition a roll jus sold for 940.00... CRAZY HOLDING WATCHING
     
  19. Danr

    Danr Numismatist

    well boys this is it... this is the thing we have been waiting (years) for!
     
    masterswimmer likes this.
  20. crazyd

    crazyd Well-Known Member

    Ebay is showing $45 for a ASE ? While spot is $27. Thats nice. When they are selling for $100 I will be ready.
     
    slackaction1 likes this.
  21. Mkm5

    Mkm5 Well-Known Member

    Silver is even being discussed on a strength training forum I've followed for many years. Never heard a peep about it there before.
     
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