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The End Of This Correction Is Nigh: $100 Silver Ahead

AurumAg

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CrimsonGuardJay

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It seems, there is a silver-spoon shortage ---everybody is melting them. So, I purchsed meself a silver coffee-spoon and soup-spoon.
I have my grandmas full set. 77 ounces of sterling and there is no way i would ever melt that. Silverware has more utility as a collectible set than melted into a bar.
 

arminius

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I have my grandmas full set. 77 ounces of sterling and there is no way i would ever melt that. Silverware has more utility as a collectible set than melted into a bar.

Actually, IMHO, silverware has more utility as silverware. Silver is antibacterial, antifungal, anti parasitic, and will have major utility when using available H2O to wash your dishes will conflict with having enough to drink. Think how many houses have water only if the electric is functioning, and when it becomes sporatic, or ends, silverware will be very utilitarious indeed.
 

Buck

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i just lick my silver utensils clean and re-pouch them when i'm done

1619623468212.png
 

arminius

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Well, at least you won't be reinfecting yourself... LOL
 

edsl48

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From a silver marketing company...dyod

Three Reasons Why Waiting for "Cheaper Silver" Doesn't Make Cents​

If you're still waiting to buy physical silver to start a stash, you're now playing financial Russian Roulette... with four rounds in the cylinder.

The chat rooms talk about buying silver and gold when they decline in price. "If silver goes down to 22, I'm all in!" "When these 'excessive' premiums drop a few dollars, I'm backing up the truck."

1) Emotion and Sentiment

Believe it or not, buying on a price drop goes against human nature.

It is a bit strange, because if you go to the store and find your favorite grass-fed beef on sale, you'll probably see how much you can stuff in the freezer. But back to the metals.

How many people do you know who purchased silver in the spring of 2020 when it fell briefly to $12? Or in 2008 when it fell to $9... before rising to $50 less than three years later? Did you?

Another big change, seemingly contradictory -- is that increasing numbers of well-studied investors are buying whether the price goes up or down, with retail supply getting continually whittled away.

Their sentiment seems not as heavily impacted as others, who remain fearful of declines, or -- as is still the case with most Americans -- are not yet aware of how quickly government-induced inflation is eating away at the value of their pensions and the greenbacks in their wallets.

During market turbulence, the news invariably causes a decline in sentiment, making it difficult even for those of us who've been in these markets for many years, to go ahead and buy.

One of the most important characteristics of an investor who succeeds long term over the majority who do not, is the ability to "Buy when others are selling and sell when others are buying."

It's like the habit of going to the gym. At some point it never gets any easier. No matter how strong your original motivation was, it still can be hard to push yourself out the door and keep at it.

To handle buying more silver when sentiment is negative -- like it is now -- simply go out, as Galactic Update's Stewart Thomson says, and "Buy less than is rational." How much is less important than keeping the habit.

This is where a periodic auto-buy setup works so well. The decision has previously made and, since it's automatic, less second-guessing gets in the way.

2) Premiums

A decade ago, the premiums didn’t change much. Now there’s a different metric. When the price drops, people buy more.

Supplies dry up because silver miners are producing less and just as important, legitimate sellers -- who are not trying to gouge anybody -- raise premiums because they’re paying way more for supply. If they sell what they have for a silly paper price unreflective of market reality, then they have no product.

To make matters worse for the contrarian who’s waiting for a price drop, premiums rise to the point that their cost goes up even more than the drop in the physical price. For example, the going rate for American silver Eagles used to be about three bucks over a bullion coin of the same weight.

These days, an Eagle can set you back at least $10 over spot. So if you’re waiting for $22 silver (and, should it actually get there), you’ll pay $32 per coin for the privilege -- That's if you can find any.


Blame Canada. If you’re one of our unfortunate neighbors to the north, and you didn’t buy any silver some years ago when the Cando was trading at par with the US dollar, you now get to pay an extra 20% because of a much less favorable exchange rate.

A double-cost "premium" by a different name? Pardon our Canadian friends for having a hard time “backing up the truck” just now!

Under 30% from primary silver mines


3) Supply vs. Demand

In the Old Days when the price dropped, you could simply go in and get what do you wanted, because people stopped buying and there was plenty around, in part due to global silver production running a surplus each year.

Yields at the relatively few primary silver miners have been dropping for over a decade, but the decline in total ounces produced just started showing up in the annual figures during the last few years.

2021 is likely to mark the fourth consecutive year in this pattern. Thus, a profoundly altered and systemic supply metric is now in play.

An Historic Anomaly. Tying all of this into a bow are two structural changes -- each "a first" for anyone now alive.

As mentioned above, we're well into a structural ongoing supply decline -- made worse because most silver used in modern applications is not recoverable, and is thus lost for reuse. The trickle of additional new silver production coming online is simply not going to change this anytime soon. Slammed against this drop is a sea wave of new demand from both investors and industry.

Like palladium, which went through the same supply demand alteration (deficit) on a smaller scale, the result before long is going to be an upside price explosion.

Also, whether or not you believe in "conspiracy theories," silver, unlike any other commodity on the board has, for the past few decades been massively "manipulated" by short sellers who push paper silver derivatives into the market in order to keep the true price well below where, all things considered, it should be.

In the process, they profit by the resulting volatility in both directions.

The distortion between price and value has been so out of kilter for so long that it's safe to say none of us really has a handle on what that price should be. Before long, we're likely to find out...


All in all, hanging around for “More affordable” silver prices doesn’t really make cents. It doesn’t make dollars either.

 

coopersmith

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Im still waiting for this 100 frn silver ,oom shot, but 30 would be nice.
 

Goldbrix

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SILVER SQUEEZE MAY DAY (starting May 1,2021)
 

Goldbrix

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the_shootist

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July 02, 2021; $26.17. Has this expert dug a hole yet ?
No argument, we're still ~$73 short of $100 oz
 

Goldbrix

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Supposedly JPM/USA enters Monday. This is still an aircraft carrier turning around in a ten miles circle looking for a sailor who went overboard.
 

Ebie

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Supposedly JPM/USA enters Monday. This is still an aircraft carrier turning around in a ten miles circle looking for a sailor who went overboard.
Probably more like a large entity spending money/resources to suppress prices in the tiny physical market.
If that was gone, plus a brown swan event, it would turn in few days or hours.
 

the_shootist

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And what will happen to the price of silver if interest-rates go up by a whisker ?
it will be slammed down like it always is but that's fake. At that point I'll buy more. I usually always buy the dip. The manipulation isn't going to last forever, it can't! They can't hide it any more!
 

ToBeSelfEvident

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Actually, IMHO, silverware has more utility as silverware. Silver is antibacterial, antifungal, anti parasitic, and will have major utility when using available H2O to wash your dishes will conflict with having enough to drink. Think how many houses have water only if the electric is functioning, and when it becomes sporatic, or ends, silverware will be very utilitarious indeed.
I recently added a silver fork for my personal use and it was a truly enjoyable experience. I looked through a website that showed classic flatware patterns and chose one I really liked, then found a beautiful one on eBay for $60. 59 grams of .925 so I got it close to spot.
 

789

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If, on January 02, 2021, someone exchanged paper money for silver coins, by July 2021 he lost 5% in purchasing power. If interest rate moves by half a percent, he will lose another 20-25% on the price of silver ---while the purchasing power of Fed notes will somewhat stabilize.
 

789

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I recently added a silver fork for my personal use and it was a truly enjoyable experience.
Yes, nothing like stirring a 50-cent coffee with a $25 spoon. Soup is also better with a $50 spoon. There is a dealer in antiques I occasionally visit, and buy from him for the price of silver content.
 

SongSungAU

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If, on January 02, 2021, someone exchanged paper money for silver coins, by July 2021 he lost 5% in purchasing power. If interest rate moves by half a percent, he will lose another 20-25% on the price of silver ---while the purchasing power of Fed notes will somewhat stabilize.
Buddy, you go ahead and get you all the paper money you want. I'll keep stacking.
 

Ebie

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If, on January 02, 2021, someone exchanged paper money for silver coins, by July 2021 he lost 5% in purchasing power. If interest rate moves by half a percent, he will lose another 20-25% on the price of silver ---while the purchasing power of Fed notes will somewhat stabilize.
The price of ASEs has dropped 5% this year?
Or do you mean paper?
1 oz silver ASE = $37.54
What were they on 1/2/21? $39.42?
Are you tracking the price of ASEs?
 

Ebie

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it will be slammed down like it always is but that's fake. At that point I'll buy more. I usually always buy the dip. The manipulation isn't going to last forever, it can't! They can't hide it any more!
The manipulation of the tiny physical market costs somebody money.
Also is the premium on ASEs at a record high?
 

789

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Or do you mean paper?

Today (July 5) a silver coin can be exchanged for as many units of account as on January 2. In the meantime the unit of account lost 5% in purchasing power.
 

SongSungAU

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SongSungAU

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And turn a large inheritence into a small fortune ?

You may have a large inheritance but I don't. Worked for what I have. Those of us without large inheritances have to be more concerned about our government inflating the heck out of the currency than the rich folk do. But I'm fine with that.
 

789

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789

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The End Of This Correction Is Nigh: $100 Silver Ahead
Peter Krauth
Today is August 3, 2021.
Kitco says silver is $25.55.

Time to put this $100 expert in the dumpster.
This expert of silver flummery didn't foresee anything real.
 

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Goldbrix

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Today is August 3, 2021.
Kitco says silver is $25.55.

Time to put this $100 expert in the dumpster.
This expert of silver flummery didn't foresee anything real.
Many Pros have said they no longer look at Kitco for Spot Pricing. Many members here and I am one of them would rather have another PM Bug for pricing NOT KRAPCO.
 

the_shootist

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Buck

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i could go professional...

1628032037386.png


just saying....
 

789

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Today is Friday, September 03, 2021.

Since August 1st, silver taste-tested the $22.00 neighbourhood. At this moment, the ticker above says $24.69.

This $100 expert (and the regurgitator) had no idea what was coming in the real world.
 

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nickndfl

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$100 silver in the near term would require a lot of changes in politics & giving up control. We will see it eventually, but it will be a gradual rise as more control is implemented
 
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Goldbrix

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$100 silver in the near tetm would require a lot of changes in politics & giving up control. We will see it eventually, but it will be a gradual rise as more control is implemented
It will not explode until the common folks lose confidence in the usd ( small type intended). When the common folk learn they are being led to financial slaughter by the TBTF banks, The FED, ECBs,...the "KABOOM" will occur.
Sooner or later the common folk will figure out they've heard this tune repeatedly, and head for safe harbor as the good ship FIATS hit their "Titannic Killer" .
 

Buck

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Sooner or later the common folk will figure out they've heard this tune repeatedly, and head for safe harbor as the good ship FIATS hit their "Titannic Killer" .
based upon what i've seen over the last 10 years, it'll perhaps only be a Fad as they slowly dissolve back into the .gov's newest program because the propaganda to do so is going to be deafening....


and the decrees to do so will be legally binding whether we / you agree or not, is my suspicion...

we'll be the 'bad guys' once again, so, don't tell anyone what you're doing

:secret:
 

Goldbrix

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based upon what i've seen over the last 10 years, it'll perhaps only be a Fad as they slowly dissolve back into the .gov's newest program because the propaganda to do so is going to be deafening....


and the decrees to do so will be legally binding whether we / you agree or not, is my suspicion...

we'll be the 'bad guys' once again, so, don't tell anyone what you're doing

:secret:
That is the way politics is. Those politically in charge will cry "We Were Giving You What You Wanted. We Only Did These For You You can not hold us responsible for giving you what you asked for. NOW PAY THE PRICE and LEAVE US ALONE".
If you ever seen Saddam Hussein's trial and hanging that was his argument clear until the noose tightened. "I gave you what you wanted".
 

coopersmith

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That is the way politics is. Those politically in charge will cry "We Were Giving You What You Wanted. We Only Did These For You You can not hold us responsible for giving you what you asked for. NOW PAY THE PRICE and LEAVE US ALONE".
If you ever seen Saddam Hussein's trial and hanging that was his argument clear until the noose tightened. "I gave you what you wanted".

Thats what you get when you dance with the devil.