The silver (SLV) are gonna shock and break the normies with the silver market. They are the players of all the silver posts.
The Hunt Brothers-100 million ounces of physical silver bullion holdings
Warren Buffett, Charlie Munger, Berkshire Hathaway- 129.7 million ounces of silver/establsihed and owns SLV, the most popular silver exchange trade fund in the world
JP Morgan Chase-holds 133.1 million ounces of physical silver and the world record for most silver held under one name. owns 50% of the world’s COMEX silver bullion.
They will control the price. They will dump it and hold until the the pain for the losers is too much to withstand. They will flood the markets, dump the stocks, make all this silver bullion that everyone is buying worthless. Internet people are stupid enough, as they stated, to follow the trend for silver which is being dictated by these power houses.
They will major amounts of silver, and dump stocks, flooding the markets after the dwebbs buy the stocks and tank it on them this week or next. This is not a market that the general public can play with in stocks. The deal is made with several countries.
Berkshire is invested because it is a good investment. The dollar is going to crash, it has to with the current monetary policy of just printing money. Precious metals are a great hedge against a crumbling currency, plus silver has practical uses that are not going away anytime soon. Personally (not investment advice), I am still very bullish on silver.
Jpm holds as a trust for Blackrock SLV silver AUM in London. It's all tied up into that ETF.
If you want to invest in silver and take part in a squeeze, buy actual silver not a dumb silver ETF
I'm just saying it's not actually their silver.
Warren Buffet is a POS and if you can’t see that you are more retarded than anyone on here
Silver is an element, Warren is a man. If a man you don't like eats food, do you arbitrarily decide to starve? Dumb
I don’t like McDonald’s or coke because of him. I own silver. He is scum... he pretends to be poor when he’s not; he is the biggest con man there is. He pretends to be the working man with Big Macs and coke and a small house. He doesn’t use the house because he lives at five star hotels every day ; he doesn’t need a fancy car because he takes private jets everywhere. He’s bogus... why do you want him to get richer???
When did I say I wanted warren buffet to get richer? You are confused I think.
Buy physical silver not paper ETFs
SLV is a pit
So the price of silver has been held down so the rich people could be buying it in mass. Inflation will hit, the stock market will crash.
PEOPLE NEED TO BUY PHYSICAL SILVER.
Convert your paper money into something tangible!
So if you have silver, how will you sell it when the crash happens? Paper money will be backed by the Federal Reserve. Always.
How will you partition your silver into bits to pay for gas, food, rent, etc.? Enlighten me please. I went thru the apocalypse readiness stage 20 years ago. Never happened. I still got all that old silver stuff as you can see on my previous posts. A lot of my bar flats have serial#'s that they told me would enhance the value by 30%. BOGUS then and BOGUS now.
When SHTF you need food and shelter initially. Bullets to sustain. Silver and gold will be long term trading commodities once things settle.
Imagine buying metal because it's manipulated, and then being sad about it being manipulated so you trash it and tell them to buy fiat.
"I'm here to trash the metallic element I own" wtf is this attitude
Metals like gold and silver have incredible intrinsic value. The price of silver is held down because silver and USD are closely correlated. If silver prices go up, dollar value goes down. This means the banks LOSE because their #2 asset next to loans is USD. the silver market is exponentially more short than GME. It will take a fraction of the buyers to wreak absolute chaos in the markets. if people do to silver what was done to GameStop, it will absolutely destroy the banks. Someone will ALWAYS make money, let that someone be you. SLV could be devastating.
SLV is a mess of an ETF and will have all sorts of funny games at play. AG is better!
PSLV and physical are the way. Request delivery of physical. This will work....assuming of course your goal is to hurt the banks
Or to buy things you need from other people who are willing to sell. Silver is money, even in times of societal collapse. History bores this out.
This is not advice from me. Just observations.
Paper fed notes continue to be debased (i.e. buying power reduced) like every other fiat currency since the beginning.
Stacking PMs is a hedge against hyper-inflation as you well know. If USD goes the way of Zimbabwe dollar, then why would you want it? Gold coins would be tradable for large purchases, silver coins for medium purchases, and copper coins for tiny ones. Obviously none of us are prepared to live in that world but it is a hedge in any case (except the case where we mine a precious metal asteroid, which I think is extremely unlikely in my lifetime).
I am too simple to comprehend the short squeeze play here. Not saying there isn't one - I am just too simple to grasp it.
500 Oz of silver have been sold for every one Oz that actually exists. Brings new meaning to "paper hands".
SLV is seriously dumb in my mind, buy a miner or physical, not a dumb ETF.
SLV is useless. PSLV request delivery & physical
Oh yeah? Tell me more...
I'm curious to hear how the Romans were able to survive without the Federal Reserve or is your core argument that it existed back then too (just in a diff form)?
Fixing the system means eliminating all slave masters, which includes dismantling their banks, institutions, corporations, etc. The Federal Reserve is one of the major cogs of slavery and must be destroyed.
By claiming the FED will always exist; you have already given up and are part of the problem. GTFO of the way or get some ammo and lock and load.
*I'm curious to hear how the Romans were able to survive without the Federal Reserve or is your core argument that it existed back then too (just in a diff form)? * Answer: Yeah by conquering and looting. Enslaving people for what they couldn't afford to pay for.
Fixing the system means eliminating all slave masters, which includes dismantling their banks, institutions, corporations, etc. The Federal Reserve is one of the major cogs of slavery and must be destroyed.
See answer above
By claiming the FED will always exist; you have already given up and are part of the problem. GTFO of the way or get some ammo and lock and load.
What are you going to do when your employer says, "I ain't lugging around coin no more for pay day. I got got enough coin in the bank." Struggle for yourself?
You are a Q-TARDS.
Wow. What a DUMB reply. It's not even relevant in regards to the Roman empire point I made. What do you think the FED and globalists are doing?
The FED is a SCAM and must be destroyed completely. There were TWO attempts before the FED that both failed b/c the people caught on. So, they changed the tactic and didn't call it a "bank". Still a SCAM.
What employer? I haven't worked for an employer for decades, and cancel culture nonsense ensures that I never will. If you are still employed, it means you are likely a chicken-shit coward that hasn't fought back enough.
Are you seriously arguing the "metals are too heavy" nonsense? That's rich. There are other alternatives that don't require idiots born into power and money controlling and creating money out of nothing to buy real assets.
I won't go into detail on "how" to accomplish my prior comment, because once you moron shills resort to insults, especially Q-based insults; the situation becomes clear that you're one of the lost sheeple who will never understand.
I can't wait for them to dump more physical silver into the market. MORE FOR ME TO PURCHASE FAR BELOW ITS INTRINSIC VALUE!!!
AG has been their primary economic manipulation tool for 100 years. We are taking it back. We are in control now.
bitcoin
thank you for the advice. still going to try and buy physical silver. If it value rises great if it doesn't maybe it will in 20 years. maybe i will have bought more by then. (and if all else fails i will bury it and make a cool pirate map for people to search for it as i grow to senile to tell people where it is.)
I have been stacking physical silver for years. My attitude has always been that if they keep it manipulated and cheap until I die then my kids will love me even more when they find it.
You are welcome. Buying bullion will become easy soon after it tanks. If you buy bullion, wait till it hits the new low. Selling silver, as I stated in a previous thread, is near to impossible for a break even.
Big federal reserve guy eh, imagine being a trump supporter and a federal reserve supporter. You should support Biden, "meh you can't find the pedos so you may as well just vote for them"
Gtfo you depressed loser we have a world to take back.
$SLV is a ponzi scheme of paper silver that doesn't exist.
Buy phisical silver you can take delivery on. Nothing else. Otherwise you're just buying their printed fake paper silver.
I keep seeing people say this, but noone explains how. How do I do this?
There's websites that sell precious metals like Kitco, JM Bullion, Apmex, Silvertowne. Get on this asap! Available bullion bars, rounds and coins are disappearing FAST.
https://wsbets.win/p/11SKGdGD8U/x/c/4Dvnfg0niZI
scottsdale still selling 10oz bars last I checked
Silver is a good hedge against inflation, which many investors are predicting. Despite the fed trying to hold the interest rates down, the 10 year treasury yield is above 1% (just happened). Not to mention the absurd spending of the gov't. Also, the price of oil is going to go up, making things even more expensive. All the signals for rising inflation are there.
I think too many people miss that point: silver is a hedge against inflation. Gold is preservation of wealth. The example used often is of an old silver US quarter. Before it was replaced with base metal, the quarter could buy a gallon of gas. Today, that same silver quarter can still buy a gallon of gas. The difference being we have to sell it to a LCS or some such place to get the true value of it.
"They will dump it and hold until the the pain for the losers is too much to withstand".
It will not work. Sure 370 million oz sounds huge. This is under $10Billion @ $27 current . This is a drop in the bucket. Almost no one trust paper holdings because of the recent stock scams pulled on the small guys. If us smelly investors buy even a small amount of physical PMs and ignore stocks house of cards is not going to recover quick.
There's $6 billion held in Dogecoin. That gives a benchmark how much people can put into this.
I still don't see it mooning to $1,000, a lot of governments and private citizens have a lot of physical, and many would cash out as it climbs. Private owners might trade it for gold or land, who knows what the big players would do, but anything above the 1/20 gold line seems completely unsustainable.
1/20 gold puts silver at just under $100/oz
Unprecedented weekend for silver, but the price hardly moved? They're buying themselves time somehow.
I don't think it is going to 1/20, but there is an arguement made that isn't completely ridiculous. $1,000 only makes sense in a hyper inflation situation.
I think $50, in the near future, is a realistic roof, because if it hits around there a lot of people who have held for years would trade in a lot of their stack. A lot say they won't sell until $100+, but I don't think that is the majority.
I am very suspicious of this silver squeeze narrative that I suddenly see everywhere. Been watching and trading this market since 2004. I have been hearing about this JP Morgan short position in Silver since forever and the "great squeeze" has never materialized. At least not yet.
I am an Elliot waver somewhat, and when I look at the chart /SI, the recent run from 11 to 30 looks to me like an impulse wave, possibly wave 1 of a new bull market. If that is the case, then I am looking for /si to come back to around $15/oz. before the next major move higher. Not predicting, just raising the possibility. Just want to throw out a word of caution. If buying now, be prepared to HODL through a potential 50% retracement first.
Markets usually take the most amount of money from the most amount of people. Its what they do. Shake out the weak hands before the really big moves. Just be prepared especially if buying paper.
Take a look at SLVs AUM increase this year, It's around 8BN. Yearly production is only around 26BN. That's what drove the price increase so far.
I guess PSLV is ok, but If you buy SLV you're a dipshit. Buy physical silver.
Buy when physical metals are low.
Yup, if you already had a week ago or longer, sell when it opens, if it opens high as predicted. Then walk away and watch the tumble and the butt hurt.
If 100 million people buy an ounce of physical silver, it will offset thier holdings. Am I missing something?
Or 1 million buy 100 ounces... Seems doable.
Or 30 million buying more than 30 ounces.
I've already bought 100oz. I plan on buying another 200oz tomorrow locally (if I can find it). I talked my mother into buying 100oz tomorrow. I talked three friends into buying an unspecified amount today as well.
Its very doable. If we get just half the resources involved in GME to be involved in this also its a done deal. The amount of AG they have on hand is going to be woefully insufficient to meet the demands of the stock. People are doing this. Its happening. Suicide weekend is coming up. Make popcorn.
Missing the fact that they will let you buy what you are willing to part with. These are the powerhouses and they know their game better than all of us put together. Countries all over the world use these players for guidance. Deep state kinda stuff you and 100,000,000 people cannot take down and they know it.
That is why the media is making them look feeble. They have practiced, modeled, rehearsed for all possible attacks against their wealth.
Thanks for the reply. I understand exactly what you are saying. In my humble opinion their weakness is we know how much they have, and how much would have to be accumulated from other sources to render them powerless. I am a novice.
As long as my 6 shares hit a 100 bucks a share, I will be happy. I will sell and put the money in Dividend stocks
Buy miners
So you are saying I can get silver for cheap in a month or two????
I'm going to buy shit loads of silver if it dips. I'll buy all your silver Buffet, old ass loser. What stupid rich guy would sell all his silver before a fiat dollar collapse?? Not going to make it.
Show us your magic powers to take down the silver masters, please.
I am a long time silver stacker and haven't paid over $20 an ounce for anything. You are the one saying Oligarchs are going to dump silver and drive the price WAY down. I say ok, I'll buy a bunch of cheap silver than. I wouldn't mind at all. Silver is real money and as the dollar collapses, which it is, silver will be worth so much more than anything else you could posses short of gold or Bitcoin.
I am not buying silver at $20+. However fiat paper money is worthless and just a grand delusion. Most of it isn't even paper. There isn't enough ink in the world to print all the outstanding US Dollars. Some day soon it will take a $100 bill to buy a loaf of bread, or you can use an ounce of silver to get meat, eggs, milk, bread, cheese, and a bit of desert.
Gold & silver are the ultimate protection against fiat insanity and we are heading full speed into fiat insanity. People in Venezuela didn't have to watch their families starve because they owned silver or Bitcoin.
See this is not possible. How will people be able to afford the beef I raise? There won't be enough sliver in your hands to purchase a half side. How would you partition an ounce of silver for uneven trade weight to purchase?
Will you take a credit for future purchase? Will you mint your own coin? How will you pay for the mint dies and the smelter process? The system is set up so you can't live on metals. It is designed by the devils of the treasury, congress and senate.
The powers dump the paper. Then short the circulation of the metal stock. SO the paper is worth nothing and yet the stock they will set the price on. Once the price is set, the dollar adjusts to the new value of markets. Yet it will not affect you or I.
It will only affect trade, internationally. Our fiat green back money will last thru this and not skip a beat here in the USA..
First off silver would be worth around $100-$200 of 2020's dollars if the currency collapsed, minimum. A full sized living beef cow is around two grand. So I can buy a whole cow for say 10 ounces of silver. Butchered and packaged lets say 12 ounces. Or just pay with a small gold coin.
So a 1/4 share of your cow is 3 ounces, half share 6 ounces, EcT. It's REAL EASY so stop, you sound stupid.
Second. In the United States of America we had silver coins in circulation in 1964 and before. These pre 65 dimes, quarters, and half dollars are 90% silver. Called junk silver or constitutional silver. So for large parts of our history we bought all products with silver and even gold coins minted from the government.
You make change for an ounce of silver with fractional silver, mostly pre 65 US coinage. Highly recognizable, never counterfeited, and available in fractions as low as 1/14th of an ounce. $1.40 in pre 65 US coinage equals one troy ounce of silver. So a single ounce silver round or coin is the same as 14 silver dimes. I personally own a decent amount of such silver US currency.
Lastly your lack of knowledge about the most basic aspects of silver and it's usage for commerce over the last few millennia of human society is shameful. Please stop discussing a subject you seem to know nothing about. You don't even know your own country's history with gold and silver as money. Stop.
As you say, constitutional silver makes great change. :)
THANK YOU! You buried your whole foot deep in that shill's ass. He has no idea what he's talking about!
If the currency collapsed, there would be no rancher who would sell their beef at today market. It would also change. Get it. You will never win.
Wrong and wrong. Ranchers must make money. They produce excess meat for export to the community. You would barter with the rancher. Trade him bullets, feed, equipment, or yes even silver. Since before the time of Christ people needed currency to do commerce. They used gold and silver for this. They also used semi-precious stones, livestock, weapons, ect. Things of intrinsic value always have value. Things like food, water, and yes silver.
Silver can also be used to purify water and helps heal wounds. It is anti-microbial. SO no you lose.
Living in a farm and ranch community, we have discussed this before, each time the run on silver and gold is news. I live on the highline. We have a lot of ag here. We have already set our sites on this issue. Many of stores buy our beef, lambs, chickens, and wheat, grain for that matter.
Hay rounds will be 1/4oz of gold. I sold 120 tons of hay this year in rounds. That would be 30 ozs of gold. I sold 16 sides this year. That would be 3/4 oz of gold each or 12 ozs of gold.
So think of it. Is there really enough to go around to cover the cost of buying it from us, shipping it to process and then delivery to market? Not everyone will have ozs of gold or silver. So what happens then? You gonna share your food?
Top of the food chain will win in this scenario.
Excellent post. I’m a SLV buyer but at 15 or under. Waiting for the dump as you have correctly called.
/not an advisor, do your own diligence.
Smart man.
Yeah, wait till folks realize 60% of all silver is used in industry, and they can simply push more silver to bullion to keep the price down, as industry suffered from a demand drop due to COVID...
Yup. The micro investors are gonna be hit hard. They actually do not understand the amount of silver just sitting in vaults around the world, sitting in mills waiting for a place to deliver, brokers have been told to stop the sale of silver to make it seem as there is a shortage of the metal, create frenzy buying and all these small guys a re Queued for opening bell.
You are out of your mind. There is not nearly enough Ag sitting in vaults to cover the derivatives being sold on top of it. The banks can not liquidate a collateralized asset. The banks will be forced to begin purchasing Ag on the open market in order to cover their fraudulent bets.
Buying and holding the physical Ag is the death blow to the fraudsters creating derivatives out of physical Ag they do not own.
Ag is going vertical and will blow-out the banks whether you like it or not.
Oh OK. To each their own opinion. Buy all you want and believe as you will.
I'm not going to be hit at all. If they dump silver on the market and the price crashes, I'll buy even more. FRNs are going to be worthless
So companies will willingly stop manufacturing electronics, many medicines, and a ton of other absolutely critical things? No.
Theres already a dip in demand due to falling industrial demand. That fell by more than the supply of silver in 2020.
Why doesn't this post reflect the fact that Buffett sold all his silver in 2006?
Shilling much?
Silver Short Squeeze needs buyers of physical AND fiat
People in here talking about buy physical and not paper are only half right. The same is true of those talking about buy AG & SLV and not physical.
The biggest silver (or PM in general) squeeze comes from a physical shortage of metal to the amount needed by paper demands. Since both have been happening, this is a good thing for silver bulls.
A paper call for massive physical metals to cover will find a shortage of metals available, which means the price MUST go up. This is the same scenario as GME. The only somewhat relevant difference being argued is that JPM, China, etc have soooo much silver to dump that they can offset ANY amount of demand. I'm not so sure about that.
Be sure that we as a group will never be able to GME metal (silver & gold). Period. Countries around the world would not let that happen. If the USA did, it would be the demise of employment. Employers would walk and just go and collect their gold. People would be enslaved in trying to work after that. A few grams here for a weeks worth of wages. How would workman's comp get paid, how would people pay their utilities, insurances, car payments, mortgage, how would the people not get robbed daily on the way to pay their bills or to the stores, or outings.
This is a Q-TARD push.
Wow, buddy. You have so much to learn that I wouldn't know where to start. It's simply not worth the effort.
Just know that you failed to make any rational point and won't affect anyone's decision to participate in silver purchases. It's funny you keep referring to Q, which has nothing at all to do with this. It seems as if your social media shill training set the bar extremely low. You need to re-take the course to make clearer arguments.
I believe that Silver is going to be our next GME. Keep your focus on GME for now until mission complete for the Moon. Watch for the Shorts on the silver companies and market. Also, I sell Silver through a company called 7k out here in Idaho. This is my link to buy silver once we move past GME, or if you can't buy GME pick up some silver using my link. https://www.7kmetals.com/idahowinners/products#selected Verified Silver and great pricing. I get a split commission with 7k and will be using that money to buy GME or more silver. If you guys want to join the club and get some "extra benefits" please don't hesitate to use my link. https://www.7kmetals.com/idahowinners/join/membership Send me a message if you have any questions.
Devin, you have a site that requires people to be a member to even buy any items. You sell items from other mints, etc. You are a type of esty store. A retailer who makes mints nothing at all, just retails.
Just to clarify, you don't need to a membership to order silver. You can checkout as a guest or create a simple account without having to join the membership. The markets aren't open until tomorrow but some of the items you can order right now.
Thanks for the clarification. I'm your neighbor, here in Montana. I frequent or used to frequent your area a few years ago by Wapello.
Once we're done with GME, Feel free to share those links if you need to get Silver.
but why tho
What range do you think might be a good dip price in silver? 14 bucks? 10 bucks?
I do not know. The powers will set that range after they dump stocks and metals. It will most likely be low.
I’ll guess I’ll ask it this way, if you saw silver go to what price, would you say “wow that’s a good deal for silver no matter what” or do you not follow the silver market that close?
At what price, I would say when it stablizes at low. Too high right now for a buy of metal or stock.
I follow but the game that is going to be played is wild. It will only benefit the hedge funds that are going to be hurting bad coming next week.
In current dollars, it costs about $12 a troy ounce to mine.
If they flood the market, physical can drop below that, but as it is an industrial metal, it shouldn't stay at or below that for long.
In 2020, when spot price was at $12ot, physical silver never really went below $15ot, and quickly was up about $10 above spot price.
My take is that under $20 is a safe buy. Someone here said $15, but as it approaches that price demand seems to drive it back up above that. Maybe they flood the market with physical and actually bring physical down low, but I can't imagine it staying below $20 for very long.
You will never see $14 silver ever again. Hasn't been that low since 2007. We're in the inflationary doom phase of the USD. Keep an eye out for states minting their own gold backed notes to be used in retail.
I am looking for $15. If it goes below that, possibly as low as $7
Paper out there is ~18x the available supply, they can dump all they like there's not enough. The only issue is that silver's market cap is much (much) larger than gamestop's. So the dirty poors can't really make large enough plays on it.
But wait, what if we're post $69,420
nah... but maybe
So your argument is that Buffet et al own all this silver so they can keep the price low? You do understand how capitalism works right?
Not my argument nor my numbers. Just disclosure facts.
https://medium.com/@metalscom/who-owns-the-most-silver-in-the-united-states-today-3d74f0b66eb1
https://sdbullion.com/blog/who-owns-the-most-silver-bullion-then-and-now
Sure I understand Captialism. That's why I am not buying into the silver push. The silver masters capitalism is far greater, strong, better organized, higher leveraged than mine could ever be. Factually stated.
If you have better strategies than the silver masters, put it on the post here and show us the money power and political influence that you wield.
So wait until after they tank the price, then buy? Got it!
Smart man MikeScarn.
Good, I hope it drops to $8.00 a coin - then I'll buy 200k more - because the true value of silver is roughly 1000/oz. 9 TRILLION dollars in poof debt over the last 5 years is going to find its way back into tangible assets at some point.
So I should wait on buying physical silver because the price will drop soon? Sounds good to me. $12 was a really good price point, would be nice to get back that low.
You know, I got a saftey deposit box with about, I don't really know now, but gold and silver. I haven't held it cause I think I would need it. I held it because I can't really sell it for what I want.
I bought in the 80's and 90's, not much at one time, got a lot of dust and real small nuggets too from gold panning. Keep my split of my Dad's stuff when he died. Each time it went up, I did take it to a dealer. They only offered spot minus 30 to 40 percent. Why? Because it cannot be used as currency. The smelting process is expensive to divide the stuff if indeed it had to be used as such.
Now to answer your question. If you are doing this to have something in the future, well buy as low as possible. Remember that the seller paid whatever for those metals and won't part with it unless they can make money.
In short, paper play is better than hard metals. I wish I would have known that. I would have cleaned up real good.
So BTFD...
They may own silver on paper, but I would be very surprised if they have much on hand. Fort knox is empty, the banks naked short silver to hold the dollar up, there's hardly a fraction of a fraction of silver out there to support all the paper silver that is traded.
This is why the play is to go for physical silver.
Not financial advice, of course. I had crayons for breakfast while riding the shortbus this morning.