Reddit Investors Piling Into Silver Drive Up Prices a Second Day

[AUnut]

It has been 22 years for me. Silver was $50 in the 80's when stuff was cheap.
Where is the price going to end up?

I'm not quite sure. But I know where I will end up. With a nice shack on the Pacific coast of a Central American country, looking at the sunsets.
Mohito's all around!

AUnut

 

[<SLV>]

It has been 22 years for me. Silver was $50 in the 80's when stuff was cheap.
Where is the price going to end up?

I'm not quite sure. But I know where I will end up. With a nice shack on the Pacific coast of a Central American country, looking at the sunsets.
Mohito's all around!

AUnut

If we live that long.

 

[Uglytruth]

Read comments at end of article. Sprott is using paper in the PSLV now? I thought they had to hold physical. I'm sure there is some overlap but it is all about holding physical. Or is this a way to slow the inflows?

What Do You Really Own With Unallocated Precious Metal? - Weekly Wrap Up | ZeroHedge

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

www.zerohedge.com

 

[TAEZZAR]

It has been 22 years for me. Silver was $50 in the 80's when stuff was cheap.
Where is the price going to end up?

You should also remember that the Hunt Bros. were behind that stunt ! It was not tied to anything to do with fiat. It went down as fast as it went up.

 

[AUnut]

You should also remember that the Hunt Bros. were behind that stunt ! It was not tied to anything to do with fiat. It went down as fast as it went up.

Short squeeze is a short squeeze. Difference today, is the .Gov doesn't have the silver stockpile it had last time. if the Comex is broken,
and the investors have the phyzz, the industrial users can't get it, it's.....to the moon, Alice!

 

[the_shootist]

2 more weeks

 

[nickndfl]

Platinum seems to be the strongest of the 3 metals right now. I still like silver, but it takes up a lot of space. I should have bought Libertads 5 years ago when they were giving them away. Now gringos gotta pay super premium and import their welfare class to sniff one.

 

[AUnut]

2 more weeks

?

 

[solarion]

Platinum seems to be the strongest of the 3 metals right now.

True, but that's by design. Silver was, as usual, smacked down again today in NY/Chicongo before and after the starting bell. The scheisse dollar dropped over 1/3rd of a percent today vs other fiat garbage and interest rates fell also...should have been a super deluxe day for metals, but gold and silver barely reacted...again. Eventually all this fraudulent crap will end and the monetary metals will be free.

The situation is completely absurd. Trillions are being conjured out of nothing and the only things NOT reacting are nat gas and the monetary metals.

 

[nickndfl]

Nat gas is so plentiful it sometimes gets burned off instead of captured.

 

[Buck]

Short squeeze is a short squeeze. Difference today, is the .Gov doesn't have the silver stockpile it had last time. if the Comex is broken,
and the investors have the phyzz, the industrial users can't get it, it's.....to the moon, Alice!

or, as history has taught us:
they'll outlaw it, recall it, raise the price on it and then sell it themselves

we're their piggy bank, no one at their level will do without, especially if we have it


ymmv