Is Silver next?

[Mij]

Gold over 2400, silver over 31 today.

View attachment 365152View attachment 365153

Just an observation, the futures markets are falling like a rock. Those people selling have to park there money somewhere. Don’t think they want to put it in the bank. So demand for safe haven grows. Just a thought.

eta: typed this at ~9:00 am, forgot to hit post

 

[tim87tr]

Just an observation, the futures markets are falling like a rock. Those people selling have to park there money somewhere. Don’t think they want to put it in the bank. So demand for safe haven grows. Just a thought.

eta: typed this at ~9:00 am, forgot to hit post

You're saying the future stock market is dropping? Is their a silver futures indicator or chart? I do understand there is 400:1 paper/physical in the silver Comex. It'd be nice to buy silver at less than 30 spot although that ship may have sailed.

 

[Mij]

You're saying the future stock market is dropping? Is their a silver futures indicator or chart? I do understand there is 400:1 paper/physical in the silver Comex. It'd be nice to buy silver at less than 30 spot although that ship may have sailed.

I don’t trade in paper so my knowledge in that area is extremely limited. I made some observations and in my reasoning,
thoughts as to why physical metal and contract price was on the rise. And I could very well be mistaken, I often am.

I note others here are quite fluent in the paper markets, they may chime in and give a much more comprehensive answer.

That said, keep your eye on the market. What goes up must come down, just be ready to jump when it happens.

 

[dieselrealtor]

peace dollars for .99 over melt

https://monumentmetals.com/1922-1935-peace-silver-dollar-cull.html?mc_cid=d2839df59b&mc_eid=797d05837d

Edit;
can't place the order using the manual echeck option. Had the same issue a couple of weeks ago & they did not resolve it then either.

 

[spencer rifle]

With gold/silver ratio at 85.63, is now the time to trade gold for silver?

 

[Mij]

With gold/silver ratio at 85.63, is now the time to trade gold for silver?

Only my opinion, but you must take the premium for each into consideration, then do the math and see if it works for you personally. Large decoupling events are rare.

A good DCA (dollar cost average) per oz. is very helpful.

In the best of both worlds I myself like as close to 50:1, silver to gold, or 100:1, gold to silver. Remember those are perfect world numbers. We rarely live in a perfect world. In reality anytime you can grow your stack by even 1 oz. You gain.

The paper traders usually keep the ratios just inside the premium so honest physical traders can’t make it worthwhile.

Of course it’s almost impossible to hit any market at its peak. So when it gets tolerable to my expectations I trade.

Just guessing, but it seems like I get 1 trade about every 3 years. Give or take.

 

[Ark]

It's been, I dunno, three years since I bought my first silver.

Spot today is less than I paid in 2021, while the money supply and prices of almost everything ballooned 40% in the same time.

Just keeping up with inflation, spot should be around $40.

Is it just me or is silver a massive money loser and a disaster as a hedge against inflation?

 

[dieselrealtor]

 

[DoggyDaddy]

Just ordered 6 of these from Monument when spot hit $27.70. 99 cents over spot was the best premium I was seeing.

 

[foszoe]

Just ordered 6 of these from Monument when spot hit $27.70. 99 cents over spot was the best premium I was seeing.

View attachment 368738

Had no idea you were Canadian.

Buy American if you are gonna live in America!

 

[nonobaddog]

It's been, I dunno, three years since I bought my first silver.

Spot today is less than I paid in 2021, while the money supply and prices of almost everything ballooned 40% in the same time.

Just keeping up with inflation, spot should be around $40.

Is it just me or is silver a massive money loser and a disaster as a hedge against inflation?

Well there is a long stretch between August 2020 and February 2024 where it actually lost money so in that time frame it really sucks as a hedge and as an investment. But it did go up significantly before that period and after that period.

 

[spencer rifle]

Is it just me or is silver a massive money loser and a disaster as a hedge against inflation?

Depends on your objective. Not in it for investment return - that's what the mutual funds and annuities are for. As for an inflation hedge, that jury's still out. Do you trust the government to exercise fiscal control and discipline? Because always and everywhere - despite what the Biden apologists say about corporate greed - inflation is a result of government policies.

 

[blain]

Is it just me or is silver a massive money loser and a disaster as a hedge against inflation?

In 1947, the gas price average was .23 cents. A quarter would buy a gallon of gas and have some left over.
The gas price at Marathon on East 71st Street, Indy, is $3.79.
The current melt value of that same (90% silver), 1947 quarter is $5.02.

My answer to you would be...
Yes, it's just you.

 

[tim87tr]

Good article that would support owning PMs

America's $175T Problem

The true state of the global financial system, in ten charts.

balajis.com

 

[d.kaufman]

It's been, I dunno, three years since I bought my first silver.

Spot today is less than I paid in 2021, while the money supply and prices of almost everything ballooned 40% in the same time.

Just keeping up with inflation, spot should be around $40.

Is it just me or is silver a massive money loser and a disaster as a hedge against inflation?

I started buying silver in the early 90s. Think I was paying around $5 oz. Most expensive silver I've bought was around $22-23. I'm doing pretty good on my return thru the years, if I wanted to sell that is

 

[snapping turtle]

I started buying silver in the early 90s. Think I was paying around $5 oz. Most expensive silver I've bought was around $22-23. I'm doing pretty good on my return thru the years, if I wanted to sell that is

Dollar cost average on me is 18.02 an ounce. Minus the 90 precent I have from gifts and being old Ect. I have traded silver at spot for firearms in the past.

 

[snorko]

I don't buy Eagles often due to the high premium, but this seems a good deal surprisingly from Provident.

American Eagle 1 oz Silver Coin Random Year - Provident Metals™

Buy American Eagle 1 oz Silver Coins Random Year from Provident Metals. FREE Shipping on orders over $199. Call us at 800-313-3315.

www.providentmetals.com

I got into silver in 2011-12. Early on prices were in the mid to high twenties, into the thirties. Loved the period from mid 2014 to 2020 when spot stayed below $20.

 

[Ingomike]

Suppressing Silver Prices Has Been Official US Policy Since 1965 | ZeroHedge

ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero

www.zerohedge.com

 

[nonobaddog]

Suppressing Silver Prices Has Been Official US Policy Since 1965 | ZeroHedge

ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero

www.zerohedge.com

So what does that say about NOW?

 

[tim87tr]

Has anyone read "The Creature from Jekyll Island" by G. Edward Griffin? I'm going to soon as I've known about it awhile and the premise of how the Federal Reserve was set up for plunder with no plan to ever repay the debt. David Rogers Webb, who has the free download book and documentery on Youtube called the "Great Taking", interviews Mr. Griffin in this video. At time mark 1:06 they discuss how the fiat currency system might be addressed to repay the debt. The entire interview is quite interesting and Mr. Griffin is now 92 years old.

The Great Taking

thegreattaking.com

The Great Taking

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