I made 13% profit in 2 days. Retirement early 😆
The gold-silver price ratio has been within 9 and 15 times of each other, now it is absurdity ratio. Waiting for the ratio to become real again.
SD Bullion has some good articles, but I am not very familiar with the PM market, but what I am trying to understand is that if Silver goes to lets say $100 Gold will also have to increase in value. So why the push to 'squeeze' Silver?
I think now it is all manipulated and false basis and not an organic in nature.
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Surge ? Maybe but not today. Yesterday the high was $29.01 Right now it stands at $29.00 $30 may be a break upwards point. Good estimates say $40 after that. I checked today and could buy all the silver rounds I wanted at $4.00+ over spot or $33.12 for one ounce rounds .999 pure silver. For those wanting to sell the current buy price is a minimum $28.72 for one ounce rounds .999 pure silver.
All prices @ 17:56 hours 1 February 2021
Hmmmm......seems like we've heard this song played before.....no wonder the price didn't go very high!....they shut it down!
So that begs the question: IF JPMorgan has a Gazillion Pounds of PHYSICAL SILVER (not paper silver fiat crap), THEN WHY DID THEY HAVE TO SHUT DOWN PURCHASES TODAY???
Something tells me JPMorgan does NOT have squat!....in PHYSICAL Silver!
The ONLY time they shut down trading is when something has gone Catastrophically WRONG! .
HUGE SILVER SHORTAGE! APMEX Stops ALL New Orders After Massive Surge In Demand for Physical Metal
In the 24 hours proceeding Friday market close, SD Bullion sold nearly 10x the number of silver ounces that we normally would sell in an entire weekend leading to Sunday market open.
In a normal market, we normally can find at least one supplier/source willing to sell some ounces over the weekend if we exceed our long position (the number of ounces we predict we will sell over the weekend).
I've made a few comments about this before. If you want to purchase physical silver, go to your local coin store right now. But I don't recommend you do so. Because of price gouging? Sure, I'm saying it at every bullion dealer online. But more importantly, the spot price will come back down. Also: the GDP of the USA in 2019 was over 21 trillion dollars. By my estimate, over 20% of that would need to be used right now to purchase all of the physical silver in the world. There's a sucker born every minute. If you have a stack, chances are pretty good you can cash in. But I'm not buying shit, not at these fucking prices.
Everyone knows that the price of Silver and Gold have been artificially Controlled to keep it WAY below its true value. Creating a huge DEMAND like this smokes them out. It smokes out their BIG LIES!!! THAT's why they had to SHUT DOWN the purchasing of PHYSICAL Silver Today!
“The ramifications of a #silversqueeze cannot be underestimated…If it’s exposed that there are more paper claims on silver than actual silver, not only would payoff be enormous, but gold would be next”.**
I'm not really for or against this so called frenzy.
I've been buying PM for a while now as a hedge because I worry that these idiots are going to crash our fiat currency with inflation. This run is just making it harder/ more expensive.
Maybe I just need to step back for a moment.
If you already have a stockpile, now is the time to chill and watch it play out. I'd say maybe even cash out, but if the hyper inflation finally kicks in, what would you cash out to?
If the dollar collapses the plan isn't to "cash out" your stacks but start using it instead of the dollar. Such as instead of a loaf of bread being $5 you would trade say a gram of silver instead. I'm a fan of currency that is physically made of what backs it. The most obvious example being the classic gold coin. Or if you have say a 1 Oz silver bar and cut a corner of it off to buy something with it. Go look up the goldback for a super modern take on the idea.
"PM"?
Precious Metals.
Gold, Silver, copper, stuff like that.
Don't forget Lead with Full Metal Jacket
Thanks
$1.77 is not really surging. The only way Silver will surge is if people buy the silver futures on platforms like Tradovate, TDAmeritrade. However, since JPM owns silver the best way to fight JPM is to 'short' the silver market which would crash the silver prices and JPMs profits.
Hmmmm......seems like we've heard this song played before.....no wonder the price didn't go very high!....they shut it down!
So that begs the question: IF JPMorgan has a Gazillion Pounds of PHYSICAL SILVER (not paper silver fiat crap), THEN WHY DID THEY HAVE TO SHUT DOWN PURCHASES TODAY???
Something tells me JPMorgan does NOT have squat!....in PHYSICAL Silver!
The ONLY time they shut down trading is when something has gone Catastrophically WRONG! .
HUGE SILVER SHORTAGE! APMEX Stops ALL New Orders After Massive Surge In Demand for Physical Metal
In the 24 hours proceeding Friday market close, SD Bullion sold nearly 10x the number of silver ounces that we normally would sell in an entire weekend leading to Sunday market open.
In a normal market, we normally can find at least one supplier/source willing to sell some ounces over the weekend if we exceed our long position (the number of ounces we predict we will sell over the weekend).
I have some silver in my home. When should I sell? If it hits an absurd amount, I'm dumping it all onto the market for worthless fiat currency. LOL.
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