| Users Online Now: 1,631 (Who's On?) | Visitors Today: 514,785 | |
| Pageviews Today: 890,643 | Threads Today: 343 | Posts Today: 6,236 |
| 10:56 AM | ||
| Users Online Now: 1,631 (Who's On?) | Visitors Today: 514,785 | |
| Pageviews Today: 890,643 | Threads Today: 343 | Posts Today: 6,236 |
| 10:56 AM | ||
Silver Thread: what is really going on | |
| Anonymous Coward User ID: 79736464  Canada02/01/2021 03:06 PM Report Abusive Post Report Copyright Violation | One thing most people don't seem to grasp either is it was the elite who invented cryptos to siphon your money away from gold/silver 12 years ago.. Funny how it all came not long after 2008 crash.. by 2009-2012 bitcoin was making gains and doing a few things. One was direct fiat away from physical metals and secondly it was the perfect mode to hide money and move money around easily avoiding government oversight and taxes in the early days. Quoting: Anonymous Coward 79736464 The other thing I am thinking is this silver squeeze might actually be being done by the big banks to collapse paper fiat because they are ready to do their global reset which one aspect involves collapsing paper dollars and introducing their own version of block chain cryptos which they will control 100%. And the price will be stable like a dollar would be.. So that is why I think its not reddit doing any of this.. Sure they are involved to a small extent but they aren't the ones pumping the huge dollars into these stocks or silver.. Its bigger whales and most likely jp morgan themselves because they have been buying physical silver since bitcoin came on the scene.. So lets add another factor that is essentially win win for big banks. Lets say the squeeze collapses the dollars/paper markets. Silver to the moon right along with other metals. They introduce digital currency backed by nothing or maybe they say its backed by silver.. it wont be.. Then they force politicians to outlaw owning silver and gold.. Then confiscate it by force.. So in the end. These mother fuckers would get it all anyways. These big banks know wtf they are doing.. They won't lose and they might offer up a few sacrificial lambs to the slaughter like lehman etc.. but they big dogs won't lose |
| Anonymous Coward User ID: 79544677  United Kingdom02/01/2021 03:07 PM Report Abusive Post Report Copyright Violation | |
| Anonymous Coward User ID: 79544677 United Kingdom02/01/2021 03:08 PM Report Abusive Post Report Copyright Violation | |
| Anonymous Coward User ID: 78014322  United States02/01/2021 03:09 PM Report Abusive Post Report Copyright Violation | |
Fhirinne
 User ID: 79463692 United Kingdom02/01/2021 03:12 PM Report Abusive Post Report Copyright Violation | One thing most people don't seem to grasp either is it was the elite who invented cryptos to siphon your money away from gold/silver 12 years ago.. Funny how it all came not long after 2008 crash.. by 2009-2012 bitcoin was making gains and doing a few things. One was direct fiat away from physical metals and secondly it was the perfect mode to hide money and move money around easily avoiding government oversight and taxes in the early days. Quoting: Anonymous Coward 79736464 The other thing I am thinking is this silver squeeze might actually be being done by the big banks to collapse paper fiat because they are ready to do their global reset which one aspect involves collapsing paper dollars and introducing their own version of block chain cryptos which they will control 100%. And the price will be stable like a dollar would be.. So that is why I think its not reddit doing any of this.. Sure they are involved to a small extent but they aren't the ones pumping the huge dollars into these stocks or silver.. Its bigger whales and most likely jp morgan themselves because they have been buying physical silver since bitcoin came on the scene.. I'd heard that they have been leasing out their own silver to keep the comex up and running, or at least this was the case last year. You are the CEO of your own wellness. You need to take back your health from the disease-care system |
| Anonymous Coward User ID: 79544677 United Kingdom02/01/2021 03:15 PM Report Abusive Post Report Copyright Violation | Yearly world silver production: 870 million ounces. Quoting: -Carbon Bound+ so, 870 million people buy 1 oz= 870m ounces 87 million people buy 10 oz = 870m ounces 8.7 million people buy 100 oz. = 870m ounces 870,000 people buy 1000 oz, = 870m ounces. Anyone across the globe can participate. So less then a million people across the globe could own all yearly production for the cost of 1000 ounces each. Am I missing something? [link to www.moneymetals.com (secure)] Yes, You are missing important issue. Annual Silver production is 870 mln ounces, but majority of this silver will be used in industry, not in coins. |
| Fhirinne
User ID: 79463692 United Kingdom02/01/2021 03:17 PM Report Abusive Post Report Copyright Violation | What is going on is a bunch of retards said oh hurr durrr let's buy silver instead of focusing our money on GME and AMC. Quoting: Anonymous Coward 78014322 HURR DURR Why on earth should anyone throw cash at an overvalued and inflated stock? Both were circling the drain. GME more so because it didn't adapt to the markets. Still living in the past while the game industry moved on to digital download sales and such. Yeah they got a whole new inflow of cash and maybe they can use it in a smart way and increase their company value but to the point its worth these current stock prices hmmmmm no. But by all means go buy a stock that is destined to fall back down below a 100. You are the CEO of your own wellness. You need to take back your health from the disease-care system |
| Anonymous Coward User ID: 79859560 United States02/01/2021 03:20 PM Report Abusive Post Report Copyright Violation | You CANNOT bust the bank with paper longs- Like PSLV or SLV. You will NOT be able to take physical delivery at expire. They will simply change the rules and force you to settle in cash. Quoting: Anonymous Coward 76511140 Make sure you understand this mechanism and that it was tried before and bankrupted the HUNT BROTHERS. You MUST buy physical SILVER and then ignore the spot price. This is why the premiums have exploded to $20 over spot. They can list the spot price for whatever they want but it is the PHYSICAL MARGIN that you need to pay attention to. BUY PHYSICAL AND CONTINUE TO BUY FOR AS LONG AS YOU CAN. yes you can. if they settle in cash it tells everyone else that the COMEX isnt a viable method of getting silver. No one would use the comex to buy silver anymore, because they couldnt get the silver. this would cause a bank run and bust the bank So play this through Mr Dull. What will happen is physical silver will reach $100+ per ounce, however the paper spot price remains at $30-$40, so what the Reddit guys would want to do is hold for delivery at that spot price knowing that the physical market is 4 times higher. Brilliant. Is that how you see it? |
| mr dull socks
(OP) User ID: 79649609 United States02/01/2021 03:24 PM  Report Abusive Post Report Copyright Violation | You CANNOT bust the bank with paper longs- Like PSLV or SLV. You will NOT be able to take physical delivery at expire. They will simply change the rules and force you to settle in cash. Quoting: Anonymous Coward 76511140 Make sure you understand this mechanism and that it was tried before and bankrupted the HUNT BROTHERS. You MUST buy physical SILVER and then ignore the spot price. This is why the premiums have exploded to $20 over spot. They can list the spot price for whatever they want but it is the PHYSICAL MARGIN that you need to pay attention to. BUY PHYSICAL AND CONTINUE TO BUY FOR AS LONG AS YOU CAN. yes you can. if they settle in cash it tells everyone else that the COMEX isnt a viable method of getting silver. No one would use the comex to buy silver anymore, because they couldnt get the silver. this would cause a bank run and bust the bank So play this through Mr Dull. What will happen is physical silver will reach $100+ per ounce, however the paper spot price remains at $30-$40, so what the Reddit guys would want to do is hold for delivery at that spot price knowing that the physical market is 4 times higher. Brilliant. Is that how you see it? yes. if the physical price is $100, the spot price would go up to a minimum of $100 on the delivery date. No one would sell their physical for less than $100 driving up the spot price. but from now until delivery date "they" could continue to hammer the spot price lower. but on delivery date that all changes. they would be forced to pay more fro silver, or settle in cash. do you remember when oil went sold for negative in one day? it is the same concept, except for oil it happened in reverse. there was too much oil. Last Edited by mr dull socks on 02/01/2021 03:29 PM |
| Anonymous Coward User ID: 79544677 United Kingdom02/01/2021 03:25 PM Report Abusive Post Report Copyright Violation | This is a thread to explain what the goal of the redditors is. Quoting: mr dull socks Silver is a hard asset, meaning it is real and tangible. it cant be created out of thin air, like cryptos or stock and bonds. Therefore how a short squeeze works, is different from a stock. many people have said it is trap, or citadel is recouping loses, etc. etc. etc. This isnt true. you have to remember that silver is real and physical. keep that in your mind. when you buy a coin from a silver dealer you are paying a premium to have it in your hand right now. so if the spot price is $25, you might pay $30 and you get the bonus of leaving with it right now. But, you buying it right now, depletes the REAL physical supply. SLV is an ETF for FUTURE delivery (30 days from today). that means they have to have the PHYSICAL to match every contract bought. Because if you want to take delivery of the actual metal they have to have it available. THIS is the catch. most of the time the SLV doesnt have the actual metal. They have to go buy it from someone to match the number of contracts. So 30 days from now when people want their metal if the SLV doesnt have it. one of a few of things will happen... 1. they will bid the price up until someone sells the metal to them (moon shot silver) 2. they will fold like a cheap suit because they cant get the metal 3. they will cash out in dollars to anyone holding a contract. the last 2 basically end the system Either way buying an actual coin at a shop or buying SLV will eat up all of the available supply putting the big boys in a HUGE bind. But we won't find any of this out until the next delivery date. The next delivery date is scheduled for when? Great post & thank you. normally it is the last day of the month. I'd heard it was the 28th Feb but don't hold me to that one. Hey guys, make up your mind - last day of the month OR the 28th Feb ?  |
| Anonymous Coward User ID: 72605574 United States02/01/2021 03:31 PM Report Abusive Post Report Copyright Violation | |
| beeches
User ID: 78973486 United States02/01/2021 03:47 PM  Report Abusive Post Report Copyright Violation | |
| mr dull socks
(OP) User ID: 79649609 United States02/01/2021 03:48 PM Report Abusive Post Report Copyright Violation | |
| Anonymous Coward User ID: 79355755 United States02/01/2021 04:19 PM Report Abusive Post Report Copyright Violation | I get the whole GME, AMC bet. Bid the price up and hedgies like Melvin that are short will have their asses handed them as they have to cover their shorts (ahem them losing $5bln last week). That said, they are both companies that have weak business models and will likely go bankrupt as the world moves to online/digital. But you know what? The bigger fuck you to the world is the manipulation of the price of silver and gold. Everyone believes that the spot price is real. It aint. Go research the manipulation. I don't know Melvin, I do know JP Morgan and I'm sick and tired of the manipulation. The real spot price is the price a dealer or coin shop will sell to you and guess what? Right now they can't because the demand is so strong. Spot means shit right now but it always has. People are just calling their bluff right now. |
| To the New World User ID: 71400948 United States02/01/2021 05:04 PM Report Abusive Post Report Copyright Violation | |
| Anonymous Coward User ID: 73582350 United States02/01/2021 05:34 PM Report Abusive Post Report Copyright Violation | |
| Anonymous Coward User ID: 79644425 United States02/01/2021 06:06 PM Report Abusive Post Report Copyright Violation | So many establishment shills pouncing on these silver threads. Quoting: Herr Decider So you're saying that by my purchasing of SLV ($1000) was a GOOD thing to do this morning? I was thinking about it (my primary concern was to screw as best I can, the Hedgers - and make some profit for myself), and was going to sell my SLV and buy physical silver instead. But you're saying by doing EITHER (SLV or physical) is doing good (bad to hedgers) in and of themselves? Would you - moving forward - invest weekly in SLV or physical silver? (Asking as a friend - not looking for a lawyer disclosure statement or anything) I am TOTALLY in disagreement that silver is priced fairly today - due to hedges. This lying/deceit is my grounds for doing anything I can to help defeat them (Hedgers). One thing for sure: I will invest each week, and HOLD. I've never touched SLV and I won't ever. If you don't hold it you don't own it. It gets thrown around so often but dam these words are important. At least for myself there is only one silver and its physical, anything else is fake. Buy physical or nothing. Or buy both - why not if you’re making money?  |
| NotSoGentleGiant User ID: 80003742 United States02/01/2021 06:32 PM Report Abusive Post Report Copyright Violation | |
| SkInNyB0b
User ID: 79934468 Canada02/01/2021 06:46 PM Report Abusive Post Report Copyright Violation | to give some perspective, on thursday over 1 billion ounces of silver were allocated to the market. There are only 800 million ounces mined in a YEAR. Quoting: mr dull socks so more silver contracts were issued IN ONE DAY then is mined in an entire year. there is no way to cover this with real metal. Woot Woot!  |
| Anonymous Coward User ID: 79234724 United States02/01/2021 07:08 PM Report Abusive Post Report Copyright Violation | This is a thread to explain what the goal of the redditors is. Quoting: mr dull socks Silver is a hard asset, meaning it is real and tangible. it cant be created out of thin air, like cryptos or stock and bonds. Therefore how a short squeeze works, is different from a stock. many people have said it is trap, or citadel is recouping loses, etc. etc. etc. This isnt true. you have to remember that silver is real and physical. keep that in your mind. when you buy a coin from a silver dealer you are paying a premium to have it in your hand right now. so if the spot price is $25, you might pay $30 and you get the bonus of leaving with it right now. But, you buying it right now, depletes the REAL physical supply. SLV is an ETF for FUTURE delivery (30 days from today). that means they have to have the PHYSICAL to match every contract bought. Because if you want to take delivery of the actual metal they have to have it available. THIS is the catch. most of the time the SLV doesnt have the actual metal. They have to go buy it from someone to match the number of contracts. So 30 days from now when people want their metal if the SLV doesnt have it. one of a few of things will happen... 1. they will bid the price up until someone sells the metal to them (moon shot silver) 2. they will fold like a cheap suit because they cant get the metal 3. they will cash out in dollars to anyone holding a contract. the last 2 basically end the system Either way buying an actual coin at a shop or buying SLV will eat up all of the available supply putting the big boys in a HUGE bind. But we won't find any of this out until the next delivery date. If SLV doesn’t have the physical silver they will pay you in fiat, this is the way it has worked since SLV came on the scene. The only time they HAVE to deliver physical silver is when the contract is above a certain size, which practically no one outside of billionaires or institutional investors could approach. Plus, when they pay you in fiat, the amount is defined by whatever the fix is that day, NOT the fix price plus the premium added in the retail market. |
| Anonymous Coward User ID: 79234724 United States02/01/2021 07:09 PM Report Abusive Post Report Copyright Violation | to give some perspective, on thursday over 1 billion ounces of silver were allocated to the market. There are only 800 million ounces mined in a YEAR. Quoting: mr dull socks so more silver contracts were issued IN ONE DAY then is mined in an entire year. there is no way to cover this with real metal. They don’t have to cover it with physical, they can and do reimburse in fiat... see above post. |
| Anonymous Coward User ID: 76760905 United States02/01/2021 07:11 PM Report Abusive Post Report Copyright Violation | |
| Anonymous Coward User ID: 46156487 United States02/01/2021 07:27 PM Report Abusive Post Report Copyright Violation | I posted this in another thread. I think it's worth repeating. A dollar bill can be printed for a penny. It has no intrinsic worth. A digital dollar can be created for even less. A silver coin requires mining and smelting. When Argentina was crashing and printing paper to the sky no one wanted the paper. They wanted coins. Ferfal described what was happening in his blogs. If you gave a vendor a five in paper for a $2.20 item they would give you $3 paper in change to save their coins. Metal is actually worth something. It doesn't burn, it can get wet, it can be found in the ground a hundred years later where someone lost it. Governments cannot print coins to the sky. We are experiencing the same type of dollar inflation now that Ferfal described in Argentina. There is a free history lesson for the ignorant. SLV is not silver. It is just some entries in a computer. Bullion and coins are a lasting store of value that represent the time and expense of production. How do you guys think we are going to ween ourselves off gas driven vehicles and go electric without vast amounts of silver? Will that vast demand drive silver prices up or down? |
| Anonymous Coward User ID: 80001907 United States02/01/2021 07:31 PM Report Abusive Post Report Copyright Violation | to give some perspective, on thursday over 1 billion ounces of silver were allocated to the market. There are only 800 million ounces mined in a YEAR. Quoting: mr dull socks so more silver contracts were issued IN ONE DAY then is mined in an entire year. there is no way to cover this with real metal. They don’t have to cover it with physical, they can and do reimburse in fiat... see above post. Yes they can eer it in paper...but what the beauty of this game that is being played right now...is the exposing of the fraud...most people have no idea and now more are awake than ever and waking up daily...i own ALOT of silver...historical rounds and bars....this is my greatest dream....coin collection is cool again! |
| Anonymous Coward User ID: 46156487 United States02/01/2021 07:38 PM Report Abusive Post Report Copyright Violation | Sprott silver fund holds actual silver. Sprott gold fund owns actual gold. You can buy both with you etrade or whatever. CEF -- Central Fund of Canada -- holds actual gold and has inspections. You can buy CEF in your IRA or stock account. When you want to sell just put a sell order in. |
| Anonymous Coward User ID: 76760905 United States02/01/2021 07:41 PM Report Abusive Post Report Copyright Violation | |
| Anonymous Coward User ID: 2089581 United States02/01/2021 07:45 PM Report Abusive Post Report Copyright Violation | |
| Anonymous Coward User ID: 79321299 United States02/01/2021 08:16 PM Report Abusive Post Report Copyright Violation | This is a thread to explain what the goal of the redditors is. Quoting: mr dull socks Silver is a hard asset, meaning it is real and tangible. it cant be created out of thin air, like cryptos or stock and bonds. Therefore how a short squeeze works, is different from a stock. many people have said it is trap, or citadel is recouping loses, etc. etc. etc. This isnt true. you have to remember that silver is real and physical. keep that in your mind. when you buy a coin from a silver dealer you are paying a premium to have it in your hand right now. so if the spot price is $25, you might pay $30 and you get the bonus of leaving with it right now. But, you buying it right now, depletes the REAL physical supply. SLV is an ETF for FUTURE delivery (30 days from today). that means they have to have the PHYSICAL to match every contract bought. Because if you want to take delivery of the actual metal they have to have it available. THIS is the catch. most of the time the SLV doesnt have the actual metal. They have to go buy it from someone to match the number of contracts. So 30 days from now when people want their metal if the SLV doesnt have it. one of a few of things will happen... 1. they will bid the price up until someone sells the metal to them (moon shot silver) 2. they will fold like a cheap suit because they cant get the metal 3. they will cash out in dollars to anyone holding a contract. the last 2 basically end the system Either way buying an actual coin at a shop or buying SLV will eat up all of the available supply putting the big boys in a HUGE bind. But we won't find any of this out until the next delivery date. SLV is an ETF for FUTURE delivery (30 days from today). that means they have to have the PHYSICAL to match every contract bought. Because if you want to take delivery of the actual metal they have to have it available. THIS is the catch. most of the time the SLV doesnt have the actual metal. They have to go buy it from someone to match the number of contracts. So 30 days from now when people want their metal if the SLV doesnt have it. one of a few of things will happen... SLV does not have the metal. If you have been following the metals markets for a few decades, and believe those that exposed all the frauds for all those years, you would KNOW slv does not have the metal, doesn't need the metal, they control the controllers. They have been lying, cheating, stealing, changing the rules for decades, ever since they flipped the rules on the Hunt brothers. Their contracts don't mean shit. SLV is paper. Physical, in your hand, is real. I bought my first silver at $2.65 an oz. I have a very good idea of what I am talking about. |
| Anonymous Coward User ID: 80001907 United States02/01/2021 09:03 PM Report Abusive Post Report Copyright Violation | |
| mr dull socks
(OP) User ID: 79649609 United States02/01/2021 09:13 PM Report Abusive Post Report Copyright Violation | This is a thread to explain what the goal of the redditors is. Quoting: mr dull socks Silver is a hard asset, meaning it is real and tangible. it cant be created out of thin air, like cryptos or stock and bonds. Therefore how a short squeeze works, is different from a stock. many people have said it is trap, or citadel is recouping loses, etc. etc. etc. This isnt true. you have to remember that silver is real and physical. keep that in your mind. when you buy a coin from a silver dealer you are paying a premium to have it in your hand right now. so if the spot price is $25, you might pay $30 and you get the bonus of leaving with it right now. But, you buying it right now, depletes the REAL physical supply. SLV is an ETF for FUTURE delivery (30 days from today). that means they have to have the PHYSICAL to match every contract bought. Because if you want to take delivery of the actual metal they have to have it available. THIS is the catch. most of the time the SLV doesnt have the actual metal. They have to go buy it from someone to match the number of contracts. So 30 days from now when people want their metal if the SLV doesnt have it. one of a few of things will happen... 1. they will bid the price up until someone sells the metal to them (moon shot silver) 2. they will fold like a cheap suit because they cant get the metal 3. they will cash out in dollars to anyone holding a contract. the last 2 basically end the system Either way buying an actual coin at a shop or buying SLV will eat up all of the available supply putting the big boys in a HUGE bind. But we won't find any of this out until the next delivery date. SLV is an ETF for FUTURE delivery (30 days from today). that means they have to have the PHYSICAL to match every contract bought. Because if you want to take delivery of the actual metal they have to have it available. THIS is the catch. most of the time the SLV doesnt have the actual metal. They have to go buy it from someone to match the number of contracts. So 30 days from now when people want their metal if the SLV doesnt have it. one of a few of things will happen... SLV does not have the metal. If you have been following the metals markets for a few decades, and believe those that exposed all the frauds for all those years, you would KNOW slv does not have the metal, doesn't need the metal, they control the controllers. They have been lying, cheating, stealing, changing the rules for decades, ever since they flipped the rules on the Hunt brothers. Their contracts don't mean shit. SLV is paper. Physical, in your hand, is real. I bought my first silver at $2.65 an oz. I have a very good idea of what I am talking about. they didnt need the metal in the past because no one ever took delivery. that changed about a year ago. people started taking deliveries and now they are freaked the f*ck out. |
