Silver Spike...
- Thread starter SilverSale
- Start date
we seldom observed new thing in silver, this one pointed out is clear observable new, we have the feel...but presented in clear view it is a rare one
there is always something fresh to learn
the old one is also worth mentioning about WB purchased 129Moz of silver on the 50% supply draw down
ongoing accumulations
Last edited:
I’m a little confused about the silver stored Comex. Shouldn’t less silver stored at Comex be more bullish for silver because inventory is lower? It’s like palladium, super low inventory at Comex so higher prices.
Last edited:
https://www.silverbullion.com.sg/Articles/Detail/The-Resurgence-of-Silvers-Monetary-Role/1967
we were only told long after those silver were long used up, so there is no way to determine when the ware house were emptied bare
SUA would knew this, as silver consumers band together to guarantee their silver usage...as some form of ready supply a contestable supply, to prevent miners from charging more
Buying silver is a natural hedge (for professionals) against rising prices.
For me silver is a hedge against gold. If the price of gold rises beyond US$2500, I expect gold to be affected by the reimposition of GST or VAT and all sorts of crackdowns in the future. This will drive people to silver as it is happening right now in India.
Since silver is a small market (only tens of billions), it won't threaten national currencies, just as they (governments) don't feel threatened by bitcoin. But gold, a trillion dollar market, is a different ballgame.
The world has changed a lot since the early 2000s and 1970s. A lot of governments are now heavily in debt with boomer pension liabilities coming due, they can’t wait to tax gold.
Last edited:
And with the massive increases in welfare and war spending that Trumpty wants, the Republicrats cant wait to move that pesky debt ceiling. An unlimited credit card and a dream come true!
They are lubing themselves up even as things crumble and giggle about how good it is for America. The progressive mindset has taken hold.
They are lubing themselves up even as things crumble and giggle about how good it is for America. The progressive mindset has taken hold.
SVL has jumped up 50% in 2 weeks.... how is your investment going JOHNGALT?
JOHNLGALT
Well-Known Member
SVL has jumped up 50% in 2 weeks.... how is your investment going JOHNGALT?
It is not an Investment. It is INSURANCE.
Big difference.
Did you buy at .28 ?? I bet you like $#!TC@!N too
Last edited:
When did I buy? The same day I first posted about it - 19th July...
(ie the same day you suggested paper silver was a bad idea LOL)
(ie the same day you suggested paper silver was a bad idea LOL)
Last edited:
.
Another 20% jump in SVL today.... the little engine that could
Another 20% jump in SVL today.... the little engine that could
Take a look at Gold It’s off to da moon !!
Rapidly closing in on $25/oz now 
Very impressive... congrats to ALL precious metal holders.
I just wish I had an extra year to accumulate more than I have already
but at least all of us members here have more than the general population!
NZ Reserve bank just dropped our OCR rate to 1% which has taken the market by surprise and our $ has also dropped 1c v US$ so an ounce of silver now over NZ$26
SVL has more than doubled in approx 3 weeks... 15.5c today.
Some stunning gains being made in 'paper' silver.
Some stunning gains being made in 'paper' silver.
Another nice little spike in spot
