flower-shilling

Silver Price Watch

Look at all that market intervention. We were on a nice upward trajectory late last year, then again 10 weeks ago before silver was stopped at the gates. That doesn't look like a 200 Million Oz deficit market to me. I'm hopeful but my expectations are low.

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share the story while we wait:

3 men charged over alleged involvement inimpersonation scam, gold worth $800k collected fromvictims
SINGAPORE – Three men have been hauled to court over their suspectedinvolvement in laundering proceeds from a government official impersonationscam, including 27 gold bars each weighing about 100g.On June 6, Ryan Ng Zee Hao, 24, Young Raven, 28, and Randolph Koh Yong Lee, 30,were charged with assisting another person to retain the benefits from criminalconduct.Between May 29 and June 3, Ng and Koh allegedly received several items fromYoung: gold pieces worth around $500,000; 27 gold bars weighing about 100g eachand worth about $300,000 in total; and about $21,000 in cash.These items were collected from scam victims.One of the victims was a 68-year-old man who received a call from someoneclaiming to be from the Monetary Authority of Singapore.He was led to believe that he had been implicated in an offence, and had to surrender the gold bars for investigations. Young allegedly collected the gold bars from the victim on behalf of the scammers,with the help of Ng and a 29-year-old woman, the police said in a statement.After the victim made a police report on June 3, Young, Ng and the woman werearrested the following day.Further investigations by the police led them to arrest Koh and another man, aged29, at Woodlands Checkpoint as they were about to leave Singapore.The police also seized $22,000 in cash and six mobile phones.Investigations of the 29-year-old woman and the 29-year-old man are ongoing.The offence of assisting another person to retain the benefits from criminal conductcarries a jail term of up to 10 years, a fine not exceeding $500,000, or both.Claudia Tan is a journalist at The Straits Times covering the crime and courtbeat.
 
36.50 should see a nice break. Our Friday night no doubt will interfere as the scum try to push POS down. The uptrend channel is the key to higher highs and higher lows
 
36.50 should see a nice break. Our Friday night no doubt will interfere as the scum try to push POS down. The uptrend channel is the key to higher highs and higher lows
We'll see a time where the no longer can. I'm not quite sure we're there yet but it's hard to tell.
 
We'll see a time where the no longer can. I'm not quite sure we're there yet but it's hard to tell.
Don't you worry. We are sitting on the most suppressed commodity in the world. Demand will take care of the SP. My go on it, close to 100 end of next year, anything over that bonus
 
I can see WW3 shaping up nicely so in the next few years do not be caught with fiat in the bank. Gold is your freedom. Just my mind ticking over
 
Don't you worry. We are sitting on the most suppressed commodity in the world. Demand will take care of the SP. My go on it, close to 100 end of next year, anything over that bonus
Is that your exit number? I just don't see ANYTHING worth planting my $$ into if I sold up. If you have a plan or ideas then I'm genuinely curious to hear it. I used to think that maybe I could loan against my metal but the few companies that offer this service charge a high interest rate.
 
As an investor you must have a plan. Unfortunately when I first got into silver i fell in love with it and just kept buying it not for its monetary value, that never crossed my mind only its beauty and for its properties. I bought so much that it consumed my soul.... hence my forum name. I have studied the pos for decades and will keep buying it until I'm in coffin. Before I go down that road i want to give my stash to a poor kid or bury it for some clumsy idiot that digs it up out of the ground
 
its the perspective, the cheapest in relation to the top is Palladium, only 30% of its peak
Platinum is 50% from its peak 2k
Gold is near its high, but moving higher every season
Silver is still the poor man's gold, just $5 away from its 40 high
 
The fight to bring silver back under $35 for the end of the week close is just getting started. Friday smackdown featuring Mr. Slammy in the spotlight.
 
its the perspective, the cheapest in relation to the top is Palladium, only 30% of its peak
Platinum is 50% from its peak 2k
Gold is near its high, but moving higher every season
Silver is still the poor man's gold, just $5 away from its 40 high
Yes i understand that drivel. But hommie when silver let's go! By fuck it will go
 
bury it for some clumsy idiot that digs it up out of the ground
I own a shovel. All I need is a map
As an investor you must have a plan.

I never really viewed my silver as that kind of investment. It was more a means to preserve something outside of the system. I did imagine there'd be a time where we enter a new monetary paradigm and silver may present opportunities to buy property at a discount or start another venture. TBH I think PM's will always be a part of my life in some way. For now it's a highly liquid asset that can be converted into cash in a flash, so it serves its function as insurance and a savings strategy for now. One day silver might be recognised by all as something worth considerable value and loaning against it will be more viable. Time will tell. I can see silver reaching $300-$500 within the next 10 years if the worlds consumption remains consistent.
 
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