TRYING TO "Play the GSR" -- HORRIBLE IDEA

Discussion in 'Bullion Investing' started by goldcollector, Apr 17, 2017.

  1. goldcollector

    goldcollector Member

    Current spot $17.05
     
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  3. slackaction1

    slackaction1 Well-Known Member

    HIGH O SILVER BABY... I like showing some of my friends U.S. coinage. They say "oh yeah I remember those halves" its over a HUNDERED YEARS OLE.. Some clerks look at the coin and call their manager in to see if its a real coin.. Its amazing that some people don't know their currency..
     
  4. harrync

    harrync Active Member


    "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.
     
  5. WildWest

    WildWest Obsessive Compulsive Disarry

    Let’s sum this thread up.... @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??
     
    masterswimmer likes this.
  6. -jeffB

    -jeffB Greshams LEO Supporter

    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!
     
  7. goldcollector

    goldcollector Member

    No Jeff it's 1am for me. I like my posts being challenged because the facts are on my side. GSR was 68.93 when the thread started and about 87 now. So you see our various opinions don't matter. The facts are in. Silver is, always has been, and always will be the wrong play.
     
  8. -jeffB

    -jeffB Greshams LEO Supporter

    @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.
     
  9. goldcollector

    goldcollector Member

    Jeff another day Gold closed up today and silver closed down. These are just day to day moves but in the long run Gold always proves to be the better play. The GSR is almost 88 now and I'm gonna say it again. You and I will never see GSR of 68 again in our lives. Triple digits are coming it's just a question of when. Even today at GSR 88 Gold is very hard to find in LCS and silver is everywhere
     
  10. -jeffB

    -jeffB Greshams LEO Supporter

    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?
     
  11. goldcollector

    goldcollector Member

    Jeff perhaps with a little luck silver can get back to where it started the decade. It's down about 50 cents this decade, Gold is up over $400 and palladium up over $1500. I doubt silver can manage a break even decade but with a little luck who knows. Only 50 cents away from a break even decade.
     
  12. masterswimmer

    masterswimmer Well-Known Member

  13. Santinidollar

    Santinidollar Supporter! Supporter

    How’s the fast food business these days?
     
  14. -jeffB

    -jeffB Greshams LEO Supporter

    Do fast food places hire people with a very public history of not delivering after they've been paid?
     
    Santinidollar and slackaction1 like this.
  15. slackaction1

    slackaction1 Well-Known Member

    I don't get it, why would you want to stay around a place that where you ripped off a member of good standing. I would want to distance myself from the scene and get out of dodge not to be seen or heard from again. 100 plus $ is not worth friendship or getting battered from time to time. (check is in the mail)
     
    Santinidollar and GoldFinger1969 like this.
  16. GoldFinger1969

    GoldFinger1969 Well-Known Member

    Playing ratios or other indicators is a sucker's game but I do recall reading about bullish fundamentals (S&D) in BARRON'S a few months back.

    But a supply-demand imbalance can take YEARS to manifest itself in prices.
     
  17. masterswimmer

    masterswimmer Well-Known Member

    Why are you feeding the troll?

    giphy (5).gif
     
    harrync likes this.
  18. GoldFinger1969

    GoldFinger1969 Well-Known Member

    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.
     
    ripple likes this.
  19. xCoin-Hoarder'92x

    xCoin-Hoarder'92x Storm Tracker

    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.
     
    Last edited: Dec 28, 2019
  20. masterswimmer

    masterswimmer Well-Known Member

    DON'T. FEED. THE. TROLL.
     
    xCoin-Hoarder'92x likes this.
  21. Santinidollar

    Santinidollar Supporter! Supporter

    @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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