Reddit #silversqueeze redux

Discussion in 'Silver' started by 66rounds, May 8, 2021.

  1. hardyakkagold

    hardyakkagold Well-Known Member Silver Stacker

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    ^^^
    I think the big boys' wholesalers are after a bigger kettle of fish than our piddly 10 oz'ers bars [ like the 1,000 oz bars ];)
     
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  2. sammysilver

    sammysilver Well-Known Member Silver Stacker

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    Don’t we all stack 1,000oz bars?
     
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  3. Millennial Engineer

    Millennial Engineer Well-Known Member

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    Turkey.JPG

    Didn't log into WSS over the weekend. about 170k memebers.
    From what I can discern, A few stories there saying silver is becoming scarse in Coinshops again. Also the Comex losing 1/3 of its stock of 1000 ounce bars which it had in Feburary were WSS started.
    Yeah Went hiking on the weekend, with a friend, he said in between his visits in the past to Turkey (this was , US dollar bought 2.5 Lira and 8 Lira
    84 million people in Turkey.
     
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  4. SilverBags

    SilverBags Well-Known Member Silver Stacker

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    Start of hyper inflation "40% current inflation rate" will be next developed country to go under................ and every central bank is printing money that is back by nothing. People are dumping dollars at the fastest rate - trust is rapidly falling in fiat
     
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  5. Millennial Engineer

    Millennial Engineer Well-Known Member

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    Richard Hayes leaves Perth Mint after $100m tech blowout (afr.com)

    "The new Enterprise Resource Planning (ERP) system, developed to run financial accounting and metal accounts, was given the green light in 2014, with a $16 million budget and an 18 to 24-month timeline. The project cost has now ballooned to more than $100 million." I didn't know about that until now....

    John Collins, former chief of the WA Treasury Corporation, is temporarily acting as CEO.

    Chief investment officer Brad Wearn who was only there 5 months had stepped down as well, earlier this month.

    Not to do with Wall Street Silver (Has 172,400 members now) But Perth Mint.
     
    Last edited: Dec 8, 2021
    66rounds likes this.
  6. bubblebobble2

    bubblebobble2 Well-Known Member Silver Stacker

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    ^^^
    someone has to WIN in all of this…
     
  7. alor

    alor Well-Known Member Silver Stacker

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    how are the IT companies related to all the decisions making parties involved?
    will the information be made public soon?
     
  8. heartastack

    heartastack Well-Known Member Silver Stacker

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    Anyone visited the sub lately? What an absolute mess.
     
  9. sammysilver

    sammysilver Well-Known Member Silver Stacker

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    I’m starting to think that the squeeze is in play.
    Over one week delays sourcing silver in Sydney.
     
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  10. JohnnyBravo300

    JohnnyBravo300 Well-Known Member

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    I went on Reddit WSS when it was newer a year or so ago whenever it was.
    I only got to comment a couple times and they banned me claiming i was a government shill. It was a very strange ordeal so i was kind of shocked.

    That was a first for me for that happening and i never went back. It seemed like a bunch of kids and newbs that were going all in at the highs but whatever.
    Im no ones babysitter and not my monkeys or circus.
    I tried to share some experience and insight but it wasnt wanted. It was going to the moon.
     
  11. sammysilver

    sammysilver Well-Known Member Silver Stacker

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    Perhaps I should change my language. Not so much “the squeeze” but more a silver shortage. I think much of the surplus silver has been taken up and the supply chain is struggling.
     
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  12. Oddjob

    Oddjob Well-Known Member Silver Stacker

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    Whilst it's their Reddit thread / section and they can moderator it how they please, you've not the only one who the creators of the Reddit WSS thread have banned. I'm not a user of Reddit but have seen the odd vid they post as they have some interesting guests, but I've read they are pretty trigger happy to ban anyone who dare questions them.

    I remember reading an article about someone questioning a WWS silver bar / round they bought off them at the height of the hype in early 2021 as they tested the Ag and it wasn't quite up to spec....apparently old mate on right below got quite defensive and banned them. They make good fact checkers / mods on MSM sites...only fawning agreement will be approved.

    I've always had my doubts over these guys as I do many pumpers on YT.

    upload_2022-3-7_8-57-39.png
     
  13. JohnnyBravo300

    JohnnyBravo300 Well-Known Member

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    Interesting. I didnt know about any of that.
     
  14. mmm....shiney!

    mmm....shiney! Administrator Staff Member Silver Stacker

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    That’s hilarious :D
     
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  15. Billybob

    Billybob New Member

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    All ABC silver has delays until April.
     
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  16. Oddjob

    Oddjob Well-Known Member Silver Stacker

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    That's just changed in last few hours...pre COB today all ABC cast bars were available according to the ABC web site....but not now. Good pick up @Billybob .

    Still plenty of selection at Bullion Now. Bullion List and KJC have 36 silver products on offer as per their wed sites as time of this post.
     
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  17. bubblebobble2

    bubblebobble2 Well-Known Member Silver Stacker

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    KJC….mate, you’re funny…:D

    KJC will always have silvers and gold forever… just look at their premiums :confused:
     
    Last edited: Mar 8, 2022
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  18. Oddjob

    Oddjob Well-Known Member Silver Stacker

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    Not a physical silver product available for immediate delivery / pickup from ABC as at the time of this post.

    Yes....due to their heavy premiums. KJC still have silver for sale. Bullion Now in same position as KJC.

    Jaggards in Sydney have silver in stock (well that's what their web site says) and some of their ABC products are cheaper than ABC and non ABC products are comparable to BN prices.

    Given BN's YT vid today and ABC's "out of stock till x date"....demand is most certainly on the up tick.
     
  19. jultorsk

    jultorsk Well-Known Member Silver Stacker

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  20. Davros10

    Davros10 Well-Known Member Silver Stacker

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    Perhaps a contrarian indication of a peaking market
     

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