flower-shilling

Silver Price Watch

Smithys Bullion - FINE GOLD AND SILVER
I'd like to see it stabilise for a while. Establish the new floor (I personally think $80AUD is the new low).

The current price allows old timers to sell at a "profit" and at the same time allows entry for new players with room for the proverbial moon shot.

edit to add - far out. Just checked Bullion Now and they sold a lot of Perth Mint Kookaburra's last night. I bought a couple with the intention of a couple more in a few days after bills were taken care of.....

Pretty soon it'll only be over priced crap for sale like those dumb tetris pieces
 
Nugget said:
I'd like to see it stabilise for a while. Establish the new floor (I personally think $80AUD is the new low).

The current price allows old timers to sell at a "profit" and at the same time allows entry for new players with room for the proverbial moon shot.

edit to add - far out. Just checked Bullion Now and they sold a lot of Perth Mint Kookaburra's last night. I bought a couple with the intention of a couple more in a few days after bills were taken care of.....

Pretty soon it'll only be over priced crap for sale like those dumb tetris pieces
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Who will buy the coveted Pez dispensers!!
 
Sandy Gooch said:
I wonder if we had a pullback to 38 whether retail dealers would relax their premiums which seem to have doubled.
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I thought they would've after the 2020 supply chain issues. I was arguing against price gauging from dealers because there were reports of mints increasing their premiums at the time and it made sense the dealers had to pass it on. In the case of ABC Bullion, they refine and mint their own products. The premiums didn't go away and I have no reason to believe they'll subside in the future.
 
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The London Base Metals Exchange (LBMA) is in full crisis mode. Now there is worse news. The Dragon will not be exporting ANY bullion and they are the worlds largest producer of Silver. That metal is on a tear with refineries unable to keep up with demand to supply .999 fine 1000 ounce bars to the LBMA and to the Comex (the United states version of the LBMA). You need to be informed to this situation. We are moving into a Silver Squeeze. Things happen gradually until the last 10 percent of the move then they happen VERY fast.

I knew this would happen eventually but never expected this to happen so quickly. The magnitude of this all coming together is insane. Industry demand is eating up all the production and within the next few weeks the uptick in pricing will continue. You are likely not going to be able to find much supply to purchase if you are trying to get into this race to the top. Right now as I type the current spot price at 54.08 dollars per ounce. Triple digit prices are highly likely within the year.

In an of itself.. a rise like this in a commodity that has been actively suppressed in price for decades shows a loss of control... The scam that has been holding down prices has now set up huge banks that hold enormous naked short positions of the metal. This means they have bets on silver prices being low, staying low but don't have the silver on hand to back it up if the price goes up. So they are exposed to HUGE losses. There will be bank failures due to this price rise.

There will also be derivative dominoes falling as a result of this. Logistical bottlenecks in the markets will create new policy. Western banks will be scrambling with no relief in sight.. Arbitrage will fail and true price discovery will occur. There is a HUGE power shift going on from the west to the east as much money (mostly US treasuries) is being put into precious metals. The east is playing chess and we were paying checkers... The red flags are flying...

Depending on what the federal reserve does with interest rates may slow the rise of gold/silver but eventually that will not keep the rise down. The cards of this house are coming down. The paper to physical ratio is being exposed and the gloves are coming off.

So stay tuned for this rare squeeze scenario as PM's launch to historic heights. Bear in mind that 50 dollar silver today is the same as 12 dollar silver in 1980 so adjusted for inflation, silver has a LONG way to go.

#backcountryperspective

Image: 40,000 ounces of silver on a pallet.. 1-1000 ounce bar weight 68.5 pounds. This pallet is worth about 2 million bucks... And weighs 2740 pounds...

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Really the price pullback is a good sign.

Bit of calm placed on a skyrocketing price.

The real buying opportunity will be when the stock market crashes.

A stock market crash will pull everything down & that is the true opportunity to stack more.

Silver/Gold will be the 1'st to bounce back after a sharp drop in the markets.

Hold ur stacks. The future is for PM's to go much higher after a market correction.

:cool:
 
the more leverage ones would come to a halt, then closed
when cash settlement failed
equities would be sold down
when even spot is closed, not many will open for business
chances to buy is slim, selling sold out signs is more profitable
 
SKULL said:
Really the price pullback is a good sign.

Bit of calm placed on a skyrocketing price.

The real buying opportunity will be when the stock market crashes.

A stock market crash will pull everything down & that is the true opportunity to stack more.

Silver/Gold will be the 1'st to bounce back after a sharp drop in the markets.

Hold ur stacks. The future is for PM's to go much higher after a market correction.

:cool:
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Would not a stock market crash with metals staying stable / rising not be an opportunity to buy shares?
 
I wonder if I could find the post on Silver Stackers I made back when I bought an Amazon Kindle for the equivalent price of 10 ounces of Silver....

Actually, the post *may* have been made pre Silver Stackers being created (can't recall the chat we were on)
 
STKR said:
Image: 40,000 ounces of silver on a pallet.. 1-1000 ounce bar weight 68.5 pounds. This pallet is worth about 2 million bucks... And weighs 2740 pounds...

FB_IMG_1760764334518.jpg
Click to expand...

I remember when you could have purchased this pallet for $520,000 AUD. Now it's about $3,200,000 AUD.
 
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