Discussion in 'Bullion Investing' started by goldcollector, Apr 17, 2017.
Current spot $17.05
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"Good Delivery Bars" [GDBs] hit $49/oz in 1979. Ordinarily, GDBs are just bullion, but when someone [the Hunt brothers, in this case] is trying to corner the market, they are more like stock certificates: there are only so many of them, so you can buy them up and create a scarcity of GDBs. If you shorted silver on the commodity exchange, you either had to deliver a GDB, or buy back your contract [at a loss, if the price of silver had gone up.] Actual silver, including bags of $1000 face junk silver [which could not be delivered to satisfy a silver bullion contract, even though their content was verified by the same commodity exchange that verified the GDBs], never got much over $30/oz. The refiners who were authorized to make GDBs stopped refining for others. But they were happy to buy your silver at $30, refine it into a GDB, then sell it themselves on the commodity exchange for $49.
@goldcollector is a rip off con man who should be banned but is too much of a wuss to address the situation. Reputation is shot and nobody could care less what he posts. Is that about right??
Don't forget that he's been reduced to skulking through in the middle of the night (4-5AM Eastern), when he figures nobody else is up. That way he gets to see his posts "remain unchallenged", sometimes for hours at a time!
@goldcollector, all your posts are "challenged".
Address your debt to @Garlicus. As far as anyone here can tell, you're still stubbornly holding silver, that silly, worthless metal, that Garlicus sent you payment for years ago.
Except in @Garlicus' mailbox.
Do you think that after two years his hundred-plus dollars are yours to keep, along with the silver you never delivered? Is your one-"man" jihad against silver some sort of guilt-based compensation?
How’s the fast food business these days?
Do fast food places hire people with a very public history of not delivering after they've been paid?
But a supply-demand imbalance can take YEARS to manifest itself in prices.
Why are you feeding the troll?
I'm late to this party so I'm not sure what he's been trolling about, but I do know that playing ratios or indicators is a loser's game for long periods of time.
That said, I note the bullish S&D silver fundamentals a few years out.
Dude, we're within 20 cents of breaking $18. You're trolling silver.
I think somewhere around mid-$20's in the next few years wouldn't be unrealistic. And that's average, meaning there couple be a few weeks it goes higher and lower.
I sense some jealousy, perhaps people you know bought silver in the late 90's at $3 and made big on it.
DON'T. FEED. THE. TROLL.
@masterswimmer is on the money. The person in question does not intend to repay his unfinished order. So ignore him and let this thread die. Don’t answer his posts and don’t argue with him. That would be a great way to start 2020.
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