Good luck then. I am a old man been doing this shit for decades. I have my out price to sell and it is getting close.Over my dead body
Silver Price Watch
- Thread starter STKR
- Start date
As always alor i welcome your input. But my understanding of this drivel has got me coat-hangerd
You may consider posting it for sale here so we can get first dibs. Without knowing your personal circumstances, it would be such a shame to let go of it at a time where (I believe) were so close to real physical shortage. Maybe I'm wrong though and the can will be kicked down the road for decades to come. This is why I wish to understand what stockpiles truly exist, so we can all have a better idea of when there'll be a true shortage.
Jeff Christian (?) claims silver isn't in a deficit because all investment demand is "available to supply to the market" at any given time. I think it's really valuable to listen to people like Jeff because they represent the pessimist stacker.
What we've seen is rising prices lead to rising investment demand. That demand has never settled down to previous lows in the past. Case in point the 30-40 Million Oz's of demand from 2000-2005 never returned after the 2008 bull run. What we'll likely see in the next bull run is an influx of new stackers buying already held coins, bars and rounds. It will be a circulation of existing investment demand. The only way this silver would become "available" to the broader market to be melted down for industrial supply is if a campaign of higher buyback prices was undertaken with the intent to resupply the industrial markets. It's like saying that all gold jewelry will be sold and melted into bars for Central bank's to purchase when the price increases to a certain point. Or all gold coins will be melted down for the same cause. Another possibility is goverments make private ownership illegal forcing people to surrender their bullion. That's the only way silver or gold held in private hands would become truly "available".
View: https://youtu.be/Bo7iPoKX0Jo?feature=shared
What we've seen is rising prices lead to rising investment demand. That demand has never settled down to previous lows in the past. Case in point the 30-40 Million Oz's of demand from 2000-2005 never returned after the 2008 bull run. What we'll likely see in the next bull run is an influx of new stackers buying already held coins, bars and rounds. It will be a circulation of existing investment demand. The only way this silver would become "available" to the broader market to be melted down for industrial supply is if a campaign of higher buyback prices was undertaken with the intent to resupply the industrial markets. It's like saying that all gold jewelry will be sold and melted into bars for Central bank's to purchase when the price increases to a certain point. Or all gold coins will be melted down for the same cause. Another possibility is goverments make private ownership illegal forcing people to surrender their bullion. That's the only way silver or gold held in private hands would become truly "available".
View: https://youtu.be/Bo7iPoKX0Jo?feature=shared
JMHO but, Jeff Christian is a tool.
www.pmbug.com
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Voodoo said:
Voodoo said:
Peter89 said:
#silversqueeze
Maybe the Morgue finally gets crushed? Bold is mine:... While technicals are turning bullish for silver, Daniel Ghali, senior commodity analyst at TD Securities, said he expects fundamental factors will create a long-term uptrend for the white metal. ... “Silver markets may be set up as the...
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JMHO but, Jeff Christian is a tool.
#silversqueeze
Maybe the Morgue finally gets crushed? Bold is mine:... While technicals are turning bullish for silver, Daniel Ghali, senior commodity analyst at TD Securities, said he expects fundamental factors will create a long-term uptrend for the white metal. ... “Silver markets may be set up as the...
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Incredible... But not in any way surprising. The premise behind most of his discussions is trying to prove to people that silver is a poor investment. I almost couldn't believe what I was hearing when he was claiming silver wasn't in a deficit because Investment demand is actually silver that's still available to the market. He didn't care to factor in premium bullion, collector pieces or the fact that investment grade bullion is circulated between new and old stackers.
I was actually searching through his videos in hopes he'd shed some light on aboveground stockpiles. The chart he showed relating to silver used in tomahawk missiles indicated there was 2.5 Billion Oz's held by the US treasury. I wonder where it went?... He and the US government claims it was depleted long ago but I think it was/is being used to suppress the price of silver over the decades
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I don't know if I do understand that a few kilos goes into these weapons. I'm certain there is silver but it's only ever been hearsay as to how much. I think if silver is consumed in the manufacturing of these weapons then it's likely that silver is gone for good, regardless of where they're let free.
Oh yeah! Look up how much silver went into a tomahawk missile. I know it's old tech but the silver is gone.you will be lucky to find 3/4 oz being used in one
I won it once, and donated it to admin. My fridges are full.
It needs to hold 33.80 7
It needs to hold 33.80. If it does. Game on