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nowon brought this re silver

solarion

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Fresh all time high in silver premiums today in nominal dollar terms @ 5.39 and in terms of percentage of total silver bullion pricetags.

1616542166679.png

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Never, in all the years I've been stacking, has the delta between paper and physical silver been so great for so long. That 5.39 buck premium price over fake paper crap represents a whopping 21.44% of total physical silver price. Which is why the paper price keeps dropping, but bullion prices, while also dropping, are doing so at a substantially lower rate.
 
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savvydon

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Never, in all the years I've been stacking, has the delta between paper and physical silver been so great for so long. That 5.39 buck premium price over fake paper crap represents a whopping 21.44% of total physical silver price. Which is why the paper price keeps dropping, but bullion prices, while also dropping, are doing so at a substantially lower rate.
The tension between the physical and paper market is certainly increasing. I am seeing generic staying near $30/oz and sovereign coins in the $32-35 range. Eventually one of two scenario's is bound to happen - Either the premium for physical starts to crumble and comes closer to the paper price, or the paper price snaps back upward toward the cost of physical. Place your bets...
 

solarion

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The tension between the physical and paper market is certainly increasing. I am seeing generic staying near $30/oz and sovereign coins in the $32-35 range. Eventually one of two scenario's is bound to happen - Either the premium for physical starts to crumble and comes closer to the paper price, or the paper price snaps back upward toward the cost of physical. Place your bets...
Given that silver investment demand just exceeded industrial demand, that's an easy bet. Premiums on silver bullion continue to rise and they're not coming down imo. The paper price MUST come up...else the physical commodity exchanges will be drained completely due to arbitrage. Instead the criminals just keep lowering the paper silver price artificially to cover shorts. Now they're trying to push it back under 25.

1616548093126.png
 

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Voodoo

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BigJim#1-8

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savvydon

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Monument Metals has the kilos and 10 ouncers.
They are currently at $3.99 over spot or $940 for the kilo, estimating shipping April 9th. Pretty favorable price compared to most of what is currently out there.
 

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solarion

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That is an outstanding piece of research... Every person on GIM should read it and I've only gotten half way through. That was NOT put together by someone in their basement.
It's excellent work...as good as the recent work by Ronan "the destroyer" Manly. It's been evident for some while to those that watch commodity markets that SLV is wired up for fraud. The mere fact that JPM is both the custodian AND an authorized participant is damning in and of itself, but articles like this that map out the scam clearly for anyone to understand are essential if this elaborate suppression campaign is ever going to end.

This will continue to snowball if SLV continues to trail PSLV in performance over time.
 

Voodoo

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Got my brother to roll over out of SLV and into PSLV today. However, it was like 25 shares or something insignificant.
 

the_shootist

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Ponce must be rolling in his grave
 

WillA2

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That is an outstanding piece of research... Every person on GIM should read it and I've only gotten half way through. That was NOT put together by someone in their basement.

Your comment is spot on, yet doesn't seem to do it justice. Excellent.

.
 

ZZZZZ

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Perth Mint doesn't have the goods. Game over, though it may take some time for this to ripple through to Crimex/LBMA.

ExQBZ6_W8AI4dI0
 
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WillA2

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Perth Mint doesn't have the goods. Game over, though it may take some time for this to trickle through to Crimex/LBMA.

ExQBZ6_W8AI4dI0

That's big of them. Not charging rental fees for something they don't have. So, are they still charging rent to all of the people who do not ask about their metals?


???
 

Joe King

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That's big of them. Not charging rental fees for something they don't have. So, are they still charging rent to all of the people who do not ask about their metals?


???
Well of course. Kinda hard to make them boat payments if they give everyone their money back.
 

ZZZZZ

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That's big of them. Not charging rental fees for something they don't have. So, are they still charging rent to all of the people who do not ask about their metals?


Ni???
Nice work if you can get it. Until you get caught.

Morgan Stanley and their co-conspirators got sued and fined for this same fraud 15 years ago.

 
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solarion

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Perth Mint doesn't have the goods. Game over, though it may take some time for this to ripple through to Crimex/LBMA.

ExQBZ6_W8AI4dI0
Presumably this is a response to a request for delivery of allocated gold/silver as my understanding is the Perth mint does not charge storage fees for unallocated(vaporware) PMs. If so, this is plainly fraud...charging fees for storing nothing.
 

ZZZZZ

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Presumably this is a response to a request for delivery of allocated gold/silver as my understanding is the Perth mint does not charge storage fees for unallocated(vaporware) PMs. If so, this is plainly fraud...charging fees for storing nothing.

Forget the phony storage fees, the bigger fraud is telling customers that their metal is allocated to them when they bought it.
.
.
 

Voodoo

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Perth Mint doesn't have the goods. Game over, though it may take some time for this to ripple through to Crimex/LBMA.

ExQBZ6_W8AI4dI0

Hedged???? HEDGED WHAT?

Oh you mean you worked against me and not only did not store my metal but shorted the silver market against me. Fuck you too.
 
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Someone_else

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Hedged???? HEDGED WHAT?
+1 insightful. To me, "hedged" means that a bet was placed instead of an actual transaction. So instead of buying and storing the goods, they placed a bet instead. Or did I miss something?
 

<SLV>

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917601

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Gold silver confiscation cash and more:
Armstrong take, much in line with many other legendary greats. Worth listening to a few times. He explains the dollar, mentions silver the Best Buy, inflation,the meltdown occurring in Europe....
 

solarion

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Well that just happened...

1617170498670.png
 

<SLV>

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Dollar up days are little consolation following $5 down months.
 

solarion

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Seems like a lot of metal. 1,686,800 oz of gold. 8,465,000 oz of silver. 81,300 oz of platinum. The silver bullet was again dodged by outsourcing delivery to LBMA via EFP.

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You had a hell of a first day!


Dollar up days are little consolation following $5 down months.
That's how this scam works. It wears you down over time till you get frustrated/bored.