Silver Price Watch

[SKULL]

$150 +

 

[STKR]

View attachment 15762

$150 +

And a 47:1 GSR

 

[Nugget]

Dang. You've gotta be quick. I was to busy gas bagging and missed the chance

 

[SKULL]

Just another point of interest.

When Silver hits $187/oz that will equate to $6 a GRAM !

For Decades, anything over $5 an OUNCE ! was considered an excessive price

 

[Nugget]

The first two years of the Kookaburra series have a face value of $5 and they had to drop it to $1 because they feared the spot price was going to fall below the face value of the coins.


Good times

 

[Nugget]

 

[willrocks]

 

[Administrator]

I can't believe these things may soon be over $100,000. I remember buying them for less than $15,000.

 

[STKR]

We had it so good. We even knew it back then but I'd still go back and go harder.

 

[ozcopper]

I think we all would!!!

 

[STKR]

I think we all would!!!

Should've written "still wish I could go back". Hard to get used to these prices when we were spoilt for so long. Even at triple digit silver, pricing next to Gold and platinum still looks retarded. I wonder what the next few years hold and if we'll get a sharp and sudden correction in the coming months. I have a feeling when we zoom out in the charts after a few years, this parabolic rise will look like a little blip.

3 billion Oz's of bullion in private hands right now and even when people sell it will likely be distributed to more private hands instead of being sent to industry. Kinda feel like we're seeing growing pains in the system and we're entering the early stages of the collapse. A combination of events are indicating we could go much much higher without a moment of serious downward pressure.

 

[STKR]

18 items left on BN, and 14 of them are Tetris shapes.
One is a 60 premium Diwali coin, with just the Jedi and don't tread on me left for 13-14 premium.. Germania is a step up 20 ish premium. And then tetris and that's it. Although getting say 100 of each tetrino and putting them in a box all in different directions, that would be cool. Stacking them 3D.
But an expensive venture at this stage.

17 now...

 

[shinymetal]

I'm not enjoying that BN hasn't been able to find ANYTHING to order to top up unallocated. Not that I'm buying, but lots of people are waiting.
I thought they would have put a few hundred kgs up again by now.
I guess once they get the product in, people will redeem and that will free up some.

 

[Nugget]

I'm not enjoying that BN hasn't been able to find ANYTHING to order to top up unallocated. Not that I'm buying, but lots of people are waiting.
I thought they would have put a few hundred kgs up again by now.
I guess once they get the product in, people will redeem and that will free up some.

I'm a little nervous about their lack of stock TBH.

 

[Nugget]

 

[Administrator]

I was in a dealer's shop today. While I was there the courier dropped off what looked like 12 boxes of 15 x 1kg bars. The shop assistant was struggling carry them. They were packaged in the plastic courier bag without any padding, but I could make out the dimensions. When you've been stacking for 20+ years you just know.

That was just over $900,000 delivered by a single courier with no security.

 

[shinymetal]

There will be heists.

 

[Silver Soul]

I wonder how the hommies that are short silver on Wall Street are feeling?

 

[Nugget]

There will be heists.

There was that violent attack at the Brisbane based coin shop where the attackers had hammers and the shop owner used a machete to defend the store (sorry Victorians... only bad guys can have this tool)

 

[alor]

they should get some ak 47 and attack/stunt drones
a cage with female orang lol
if the shorts must covered half of their positions, then it is like short 5-6 years silver annual supply, being forced to covered in 5-6 months.
its an open ended question on the price level after 6 months.
its easier to wait then to quess the price.