SILVER = no one really knows who much silver metal actually exists... from tea pots to forks and spoons to necklaces to heavy industrial use... for centuries...
And while there are 200 paper ounces traded for every metal ounce that trades hands - THERE IS NO RULE TO SAY THERE CAN'T BE 2,000 PAPER OUNCES TRADED per physical ounce.
or 20,000 paper ounces per physical ounce...
From an investment standpoint - you can literally PRINT SILVER INVENTORY on Paper - and sell it just like a real physical ounce.
The statistics suggest less than 1/4 Oz on the planet per person, and I believe that was about 10 years ago.
I agree about the paper, but any movement in silver tends to cause massive ripplesn. The idea is to buy physical silver and demand delivery. The reason they can keep issuing certs is because people essentially continuously roll their contracts over. What happens when a bunch of retarded smooth brains demand delivery instead?
You're right, we DON'T know how much there is. BUT we know that current inventory is massively shorted, and miners and smelters can't just magic inventory as soon as it's demanded.
I say get a couple of ounces anyway. Worst case you spent a couple hundred bucks that you'll get your money back on. Best case is silver hits 1000 as supplies can't match physical delivery demand and you make 40k off 300.
Silver is a pretty good hedge against inflation (at least in a normal economy) and if the cash goes to pot... you and I will be able to barter with silver coins for supplies etc.. that much is certain...
I can only add:
I do agree with the 'take delivery' option... I am a smooth brain.. and buying a few longs and then just taking delivery from the trading house is a good thing.... as long as it is some sort of gov minted silver and not a bizarrro bar from 'india' or china.
Remember - NYC investors NEVER TAKE DELIVERY... no one wants to hold a ton of silver and that is really not even that much... where would you even put it? Who would you trust to ensure it arrived safely - How much does if cost to rent an armored car and guards for a day? pilfered?
Silver miners DO INDEED have geologists working for them looking at NEW SOURCES OF SUPPLY.. (just like the oil companies) - and the miners know approximately 'where some significant supplies of silver' should be in the Earth - there is science, they are not digging holes blindly.. and they know how high silver futures need to go for them to buy up the mining rights and move equipment into those areas and start digging. Silver goes to 100$... miners are going to go crazy.
Further - while everyone thinks the Dollar is all fake and going to crash... I see it as WORLD RESERVE CURRENCY - totally unchallenged... totally supreme... about 40% of all printed USD is now over seas... the world is trading in OUR CURRENCY... so I am thinking we can print even more and not get any inflation. If CHINA messes up even more - and the EU boys print to cover massive social immigration costs - there truly will never be a save harbor as safe as the USD.
It's strong because countries keep investing in it. Globalists want to move that money into cryptocurrencies to crash the USD and rip through the country.
I've added 1oz Silver eagles and 10oz bars to a small stack as I could over the years. Lost half in a divorce, which was annoying, but man the $$$ over spot now is crazy. Just be sure to have a vault that makes sense to store. Home owners usually don't cover precious metals and a separate insurance might not even be worth it.
GME = 70 million shares (LIMITED SUPPLY)
SILVER = no one really knows who much silver metal actually exists... from tea pots to forks and spoons to necklaces to heavy industrial use... for centuries...
And while there are 200 paper ounces traded for every metal ounce that trades hands - THERE IS NO RULE TO SAY THERE CAN'T BE 2,000 PAPER OUNCES TRADED per physical ounce.
or 20,000 paper ounces per physical ounce...
From an investment standpoint - you can literally PRINT SILVER INVENTORY on Paper - and sell it just like a real physical ounce.
The statistics suggest less than 1/4 Oz on the planet per person, and I believe that was about 10 years ago.
I agree about the paper, but any movement in silver tends to cause massive ripplesn. The idea is to buy physical silver and demand delivery. The reason they can keep issuing certs is because people essentially continuously roll their contracts over. What happens when a bunch of retarded smooth brains demand delivery instead?
You're right, we DON'T know how much there is. BUT we know that current inventory is massively shorted, and miners and smelters can't just magic inventory as soon as it's demanded.
I say get a couple of ounces anyway. Worst case you spent a couple hundred bucks that you'll get your money back on. Best case is silver hits 1000 as supplies can't match physical delivery demand and you make 40k off 300.
I like those numbers!!!
Silver is a pretty good hedge against inflation (at least in a normal economy) and if the cash goes to pot... you and I will be able to barter with silver coins for supplies etc.. that much is certain...
I can only add:
I do agree with the 'take delivery' option... I am a smooth brain.. and buying a few longs and then just taking delivery from the trading house is a good thing.... as long as it is some sort of gov minted silver and not a bizarrro bar from 'india' or china.
Remember - NYC investors NEVER TAKE DELIVERY... no one wants to hold a ton of silver and that is really not even that much... where would you even put it? Who would you trust to ensure it arrived safely - How much does if cost to rent an armored car and guards for a day? pilfered?
Silver miners DO INDEED have geologists working for them looking at NEW SOURCES OF SUPPLY.. (just like the oil companies) - and the miners know approximately 'where some significant supplies of silver' should be in the Earth - there is science, they are not digging holes blindly.. and they know how high silver futures need to go for them to buy up the mining rights and move equipment into those areas and start digging. Silver goes to 100$... miners are going to go crazy.
Further - while everyone thinks the Dollar is all fake and going to crash... I see it as WORLD RESERVE CURRENCY - totally unchallenged... totally supreme... about 40% of all printed USD is now over seas... the world is trading in OUR CURRENCY... so I am thinking we can print even more and not get any inflation. If CHINA messes up even more - and the EU boys print to cover massive social immigration costs - there truly will never be a save harbor as safe as the USD.
The USD is only as strong as the country. From where I stand, we are not looking so great.
If you think the USD looks bad.....
" . . . you should have seen the other guy!'
Especially when we keep firing up the money printers.
It's strong because countries keep investing in it. Globalists want to move that money into cryptocurrencies to crash the USD and rip through the country.
I guess that's what happens when your money is backed by "faith in the economy" instead of gold. ☹️
Buy only if you consider the price to be fair. Buying silver can boost rich peoples investments.
this is probably what this is. boosting rich people's investments then the rich people selling leaving reddit holding the bag.
The bottom line though is that there is far more paper silver than real silver. When push comes to shove, we can put the screws to them.
US used to have 'paper silver' called 'silver certificates'. - - you could literally redeem paper for silver in a bank or. the Gov..
https://en.wikipedia.org/wiki/Silver_certificate_(United_States)
Today you can literally buy a Silver futures contract - and while not issued by the GOV... does the exact same thing.
I have a bunch of antique silver goblets. Lol, are those going to be worth anything of value tomorrow??
Many have marks made by silver smiths... the marks can be researched to tell what who made them - and what type of silver was used...
https://www.thesprucecrafts.com/silver-marks-and-terms-149394
Remember that silver items can be worth more than their weight due to collectively
For example: the 1996 American Silver Eagle carries a higher premium than a 2013 ASE coin because it has a lower mintage and worth more to collectors.
This is a long game right? I am unable to buy silver this week, but next week is not too late. Yes?
Waiting a week is probably fine, waiting a year, I can make no promises.
Keep the heat on GME. This shit reads so fucking gay.
Don’t you dare do what I’m telling you not to do! Oh fuck you went and did it anyway. Oh no whatever will I do.
https://goldsilver.com/learn/
BUY PHYSICAL!! 1-2-3-5-10 ozs
If you cannot hold it, you do not own it.
Paper can be manipulated and rehypothaticated!!
I've added 1oz Silver eagles and 10oz bars to a small stack as I could over the years. Lost half in a divorce, which was annoying, but man the $$$ over spot now is crazy. Just be sure to have a vault that makes sense to store. Home owners usually don't cover precious metals and a separate insurance might not even be worth it.
German silver is a scam, pay close attention to what you buy.
Explain?
German silver is fake silver. Worthless.
Ok you mean "German Silver" not a German silver mint like Geiger. IE I have Geiger bars and just geeked.
https://goldsilver.com/blog/the-silver-squeeze-eat-my-shorts/?utm_campaign=20210128_Mike_Video_Newsletter_Silver_Squeeze_Eat_My_Shorts&utm_content=touchpoint_1_newsletter&utm_medium=email&utm_source=zaius
Hold the line until the iron is hot
http://dont-tread-on.me/?p=425
Just checked, almost sold out everywhere. Was able to snag some bars. Will try trading with delivery Monday.
It's been sold out off and on since last year around this time. It was as low as$17/oz then.