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Manic monday beatdown on metals

gringott

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gringott

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Why anybody wants more buyers of PMs is a mystery to me. I need less demand to meet my price targets, not more.
 

plata_oro

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Won't happen. They will be traded in for CryptoDollars.
I think the Fed will covet several ethereum nodes by way of BlackRock. Kill two birds with one stone. Get control of the future of what was supposed to be decentralized exchanges. And then have the ability to make all stablecoins on ETH 2.0 worthless and present the massed with their own.

I am not at all liking what I am hearing with this upgrade. The day will come when I exchange my ether for gold. I just have to get ready for a giant capital gains tax bill when I do it.
 

southfork

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1651239367233.png
 

southfork

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Its so flagrant the manipulations, when the fk does it end?????????????
 
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CopperSilverGold

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Its so flagrant the manipulations, when the fk does it end?????????????

I am not meaning to sound harsh or like I am picking on you, but you and others seem to focus a lot on the swings in the metals prices. Can I ask why? Even with the dips in the paper price, you still have the same amount of silver. It seems like a waste of time and energy to worry about the spot price every day and to get upset if it's beat down. Again, not picking on you just trying to understand why.

Personally, I don't care if it goes up or down. I add a little to my stash where I can. I have no plans to sell, just to keep stacking. I used to worry about the ups and downs in the prices but found that to be incredibly draining. Once I stopped doing that, stacking became much more fun.
 

the_shootist

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I am not meaning to sound harsh or like I am picking on you, but you and others seem to focus a lot on the swings in the metals prices. Can I ask why? Even with the dips in the paper price, you still have the same amount of silver. It seems like a waste of time and energy to worry about the spot price every day and to get upset if it's beat down. Again, not picking on you just trying to understand why.

Personally, I don't care if it goes up or down. I add a little to my stash where I can. I have no plans to sell, just to keep stacking. I used to worry about the ups and downs in the prices but found that to be incredibly draining. Once I stopped doing that, stacking became much more fun.
same! I'm looking to get a new tractor so I'll be suspending my PM buying, since the same money can only be spent once, and will be riding it out with the stash as it is at the bottom of the lake. The ride over the past 4 or 5 years was fun for sure, now we'll see what it will produce in the long run (for me anyway)
 

chieftain

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Paper silver was beaten like a red headed stepson!
 

savvydon

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I am not meaning to sound harsh or like I am picking on you, but you and others seem to focus a lot on the swings in the metals prices. Can I ask why? Even with the dips in the paper price, you still have the same amount of silver. It seems like a waste of time and energy to worry about the spot price every day and to get upset if it's beat down. Again, not picking on you just trying to understand why.

Personally, I don't care if it goes up or down. I add a little to my stash where I can. I have no plans to sell, just to keep stacking. I used to worry about the ups and downs in the prices but found that to be incredibly draining. Once I stopped doing that, stacking became much more fun.
Everyone's situation is different. Some long term stackers may have short to medium range plans that require raising cash and possibly liquidating a portion of their stash. watching silver approach an area where one would feel good about selling only to be savagely beat back again can be frustrating.

The trick is not to need to raise cash too urgently. But sh!t happens.
 

southfork

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Sht just gets old watching tptb tank metals to prop the dying dollar, I did take advantage of the deal nick posted on those kilo bars from bold, seriously thinking of putting some on plastic
 

the_shootist

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Sht just gets old watching tptb tank metals to prop the dying dollar, I did take advantage of the deal nick posted on those kilo bars from bold, seriously thinking of putting some on plastic
When it comes to the dollar and the manipulation of precious metals, everything will remain the same....until one day it doesn't! That day cometh post haste!

The dollar is teetering...

1651379867723.png
 
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ABC123

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Bought about an oz a a week ago. I am solely responsible for this beatdown.
 

coopersmith

for fuck sake..........
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I got new tires and shocks on the truck. Its a good thing too, cuz im about to back it up!

:band player 4:
 

Voodoo

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Good timing because the banksters are giving it everything they got...

Time for a trip to the LCS today. :funky:

All this means is I'm going to have more stacks of real things and stonks... and less fake FRN's in their banking system. Now that is a win-win.
 

rte

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I offered a seller $25 for ten grams of silver and they said no thanks, I don't need the money and will stick with the higher asking price for now.
 

Barrettone

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This is just plain weird. Markets down, metals down, dollar flying high. Just seems like backwardation. Also smacks or something ominous coming. Just a gut feeling I guess.
 

Au-myn

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This is just plain weird. Markets down, metals down, dollar flying high. Just seems like backwardation. Also smacks or something ominous coming. Just a gut feeling I guess.
Yes it is, Barrettone.

And last week I purchased some 5 oz. .999 Silver buttons from my friends at Scottsdale Mint in Arizona for 132.99 fiats/each. Today silver is lower and the buttons are running 10 fiats higher. Shipment is due today!!
 

Avalon

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Is it time to buy yet?
 

CopperSilverGold

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Is it time to buy yet?

Every day/week is a buying opportunity if you have the funds. I am not going to sit and wait for the hope that I can get silver at $20/ounce out the door (and no, I am not going to bother with sterling like the one guy keeps pumping). I look at this way...you can hold on to dollars that are becoming more and more worthless as time goes on, or you can exchange that for precious metals that have been desired for thousands of years. It's a pretty clear choice, IMO.
 

the_shootist

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Every day/week is a buying opportunity if you have the funds. I am not going to sit and wait for the hope that I can get silver at $20/ounce out the door (and no, I am not going to bother with sterling like the one guy keeps pumping). I look at this way...you can hold on to dollars that are becoming more and more worthless as time goes on, or you can exchange that for precious metals that have been desired for thousands of years. It's a pretty clear choice, IMO.

you inspired me. I grabbed me another 1 oz Kruggie! I love those things!! :2 thumbs up:
 
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Casey Jones

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Is it time to buy yet?
Sure is.

The price remains the same; but the dollar's true value, in terms of what it will buy at the butcher, the baker, the credit-card maker...that keeps falling, in double-digits, now. Looking at price increases, I'd say we're at about over 25 percent YoY.

Note I didn't say "inflation." The currency has been inflated to DOUBLE the amount of fiat in circulation, with MOAR to CUM. What that means, in literal monetary-economic terms, is, the purchasing power of each unit ("dollar") has been cut in half. It will show in the market, eventually, as 100-percent increases in prices - a doubling.

If I could, now, I'd be in there buying like hell.
 

Jodster

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Sure is.

The price remains the same; but the dollar's true value, in terms of what it will buy at the butcher, the baker, the credit-card maker...that keeps falling, in double-digits, now. Looking at price increases, I'd say we're at about over 25 percent YoY.

Note I didn't say "inflation." The currency has been inflated to DOUBLE the amount of fiat in circulation, with MOAR to CUM. What that means, in literal monetary-economic terms, is, the purchasing power of each unit ("dollar") has been cut in half. It will show in the market, eventually, as 100-percent increases in prices - a doubling.

If I could, now, I'd be in there buying like hell.
What exactly, would you buy?
 

Casey Jones

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What exactly, would you buy?
I'd buy gold - it's less volatile, in price; and the reason is, fewer owners/sellers, and more commitment (higher cost) from each.

If I could, I'd get some silver - to diversify, of course. Silver is a flyer. Don't expect the Reddit masses to act any more rationally than other Internet masses caught up in Kewel movements. So it could go up, and down, or park.

But gold could become a lightning rod, as it did in 1933.

You pays yer money and you takes yer choice. If I had any real insight, I'd have loaded up on $TSLA stock five years ago. And bitcoin before that. Both are brain-dead scams; and both have exploded in market price.

Now you see my track record.
 

the_shootist

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What exactly, would you buy?
I'm partial to only gold and silver as those metals have a long track record of representing the value of money. 2000 years ago the value of gold and silver was never disputed. Nobody on the internet or in the MSM at the time had to tell people back then that gold and silver were money. I'm not sure if platinum or palladium was actually viewed the same back then.

The same holds true today! Of course, that's only my opinion. Others view things differently. It's hard to say who may be right or wrong but the one fact remains. The value of the US dollar is fleeting and temporary. Many people agree; don't get caught holding only FRNs when the music stops
 

Jodster

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I'd buy gold - it's less volatile, in price; and the reason is, fewer owners/sellers, and more commitment (higher cost) from each.

If I could, I'd get some silver - to diversify, of course. Silver is a flyer. Don't expect the Reddit masses to act any more rationally than other Internet masses caught up in Kewel movements. So it could go up, and down, or park.

But gold could become a lightning rod, as it did in 1933.

You pays yer money and you takes yer choice. If I had any real insight, I'd have loaded up on $TSLA stock five years ago. And bitcoin before that. Both are brain-dead scams; and both have exploded in market price.

Now you see my track record.
Don't beat yourself up.
I wanted to buy 10 shares of BTC in the early 2000's. It was $600 a coin and my wife talked me out of it. Imagine me seeing that I could have had over $600k USD and I'm Canadian . . . so yeah we all have our horror stories.
 

Casey Jones

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Yah another wack day
The Banksters are nihilists.

EVERYTHING that represents wealth, must be destroyed, as long as it can. Land ownership, encumbered with crushing taxation. Currency, made into fiat, and debased as an ongoing program. Stonks, and commodities...blown into bubbles in a Financialized market. And gold, manipulated down with fake paper-trading, while the mAsses get indoctrination of how gold is a Worthless Relic.

While digital tokens are pumped and protected - the better to fleece the Sheeple at some point in the future.

Gold will endure - as hard work and skills and useful commodities will endure. Digital tokens, and electricity, and stonks...will not.

Nor will bank accounts, no matter how much "insurance" is put on them.
 

southfork

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Dang silver up, was gona grab 2/3 more of those kilo bars on Bold
 

southfork

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Oh what will the am bring????????????
 

southfork

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Prepare to defend yourself .10 down equals .75 down USA /Brit opens maybe more
 

southfork

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Good start to the week