Reddit #silversqueeze

Discussion in 'Silver' started by AustralianAustrian, Jan 31, 2021.

  1. AustralianAustrian

    AustralianAustrian Member

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  2. sgbuyer

    sgbuyer Well-Known Member Silver Stacker

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    I doubt this is an article from the bullion banks. But I briefly went through some of the articles she wrote, it looks like something out of a gossip or lifestyle magazine. The tone of the article, however, is mockery, but I won't blame her. Silver has been in excess supply for so many years and trading at just above the cost of production for a decade.
     
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  3. heartastack

    heartastack Well-Known Member Silver Stacker

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    how bout the 2+ tonne stack recently posted lol

    A8D0782A-1469-4393-8E4E-CDA8025551E0.jpeg
     
  4. crewy

    crewy Active Member

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    Am looking forward to seeing March Comex futures delivery volumes in a few days. That coupled with PSLV accumulation could see the start of a price squeeze or delivery delays/excuses etc. Next delivery month is May I believe
     
  5. sgbuyer

    sgbuyer Well-Known Member Silver Stacker

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    Can a normal home floor even take that kind of load? Plus the safe, 3-3.5tons. Definitely not for an apartment. But even a ground floor house, I doubt it can take 3 or 4 tons over single sq metre?
     
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  6. Millennial Engineer

    Millennial Engineer Active Member

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    Whoa that is larger then the photo i was going to post.

    Apparently its the 22nd most active/subbed to board on reddit with it being ranked 15th for its subscriber's participation.
     
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  7. STKR

    STKR Well-Known Member Silver Stacker

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    There's probably just over half a tonne of silver in that pic. Around 20,000 Oz's would be my estimate, or 600+ kgs.
     
  8. sgbuyer

    sgbuyer Well-Known Member Silver Stacker

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    It's much more than that. I can see 25 stacks of 100oz bars, and 10 bars per stack, so 25000 oz just for the 100oz bars, or 777kg.

    There are 20 monster boxes in the photo, assuming each is 500 oz, so 10000 oz, 311kg.

    300 10oz bars (not half kilo bars?), so 93kg.

    Total 1181kg excluding the coins.
     
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  9. heartastack

    heartastack Well-Known Member Silver Stacker

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    There is a whole other vault I just thought that one was most impressive (just a pile more bars and monster boxes in the other). The 2T total looks accurate.
     
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  10. STKR

    STKR Well-Known Member Silver Stacker

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    You're right, I didn't think they were 100oz bars at first glance. That's an impressive stack.
     
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  11. JohnnyBravo300

    JohnnyBravo300 Well-Known Member

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    Yeah very impressive. Cant see much wrong with that haha.
     
  12. President Trump

    President Trump Well-Known Member Silver Stacker

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    You're only seeing half the photo.
     
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  13. AustralianAustrian

    AustralianAustrian Member

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  14. Ipv6Ready

    Ipv6Ready Well-Known Member Silver Stacker

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    Last edited: Feb 24, 2021
  15. wrcmad

    wrcmad Well-Known Member Silver Stacker

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    Finally a permabull has woken up and seen the light. Sprott must be the first one. :p
     
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  16. STKR

    STKR Well-Known Member Silver Stacker

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  17. wrcmad

    wrcmad Well-Known Member Silver Stacker

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    Good luck with that. ;)
    That has been the rhetoric for the decade+ that I've been watching - and still nothing.
     
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  18. STKR

    STKR Well-Known Member Silver Stacker

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    Maybe your timing was off.
     
  19. Ipv6Ready

    Ipv6Ready Well-Known Member Silver Stacker

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    Doubt that most "public" permabulls are stupid lol, but they are playing their income source to maximum effect
     
    Last edited: Feb 24, 2021
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  20. sgbuyer

    sgbuyer Well-Known Member Silver Stacker

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    I don't think there are permabulls in silver. After 10 years "bear" market, doubt anyone is a permabull. No one will hodl silver to zero. Everyone that hasn't sold yet is in it because it's cheap, versus other speculative asset classes, or is using it as a hobby or just treat it as rainy day money that would otherwise be doing nothing in the savings deposit. But the same cannot be said of cryptos or stocks. I personally hodl a stock to it's left 2% of the original investment. :D
     
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