Silver Spike...

Discussion in 'Silver' started by SilverSale, Jun 14, 2019.

  1. 66rounds

    66rounds Well-Known Member Silver Stacker

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    Ive been told by many dealers that the 1oz cast bar is essentially the easiest for them to move. I dont disagree, its a common and recognisable size. Perhaps the cohort of people with cash that visit dealers are not exactly the same cohort that are trading and trying to get bang for buck on the forums. For big money, why would you bother with fractionals. Bars 1oz+ would be the way to go, especially for interstate/international transport. But for the family trying to put a bit of savings a side each week into metals, you would be hard pressed to get them to look at anything bigger than 1/4.

    When i started stacking my first buys were 1oz sized, but it didnt take me long to see that i was going to have trouble moving them quickly without accepting dealer buy back rates. I made the move to all 1/10 and smaller. Converting my stack cost me the equivalent of 1/10 oz of gold, but the rise in price quickly recovered that and made it a sensible move. I just wish I had more time/funds to commit before this bull market, but im sure we all wish the same. If gold becomes unaffordable, I will have to look elsewhere to silver or bullets and beans for inflation protection.
     
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  2. openeyes

    openeyes Well-Known Member Silver Stacker

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    There are still some scenarios where it could drop back to $1000 or even less. Especially is economic conditions improve and stocks start shooting up. This could set the price back for another 3 years or so. I would say there is like a 15% chance of this.
    That is my speculation of course. I have no hard facts. But certainly there will be a lot more money put into circulation by central banks. Trading conditions are not that bad yet. Plenty of growing wealth in China and India. US is doing ok. So all that does present some counter to the immediate gold bull story. 5-6 years from now I see no way for gold not to climb steeply when the debt crisis explodes.
     
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  3. 66rounds

    66rounds Well-Known Member Silver Stacker

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    That would be the best outcome for most of us I guess, 5-6 more years of preparation before the coming reset.
     
  4. openeyes

    openeyes Well-Known Member Silver Stacker

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    Well noting I only rate that as a 15% chance. Personally the perfect outcome would be a steady rise. Say $200 per year. Dreams are free of course.
     
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  5. fishduck

    fishduck Member

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    Bullets for inflation protection?
     
  6. 66rounds

    66rounds Well-Known Member Silver Stacker

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    Yeah, trade them with friendly people and shoot them at unfriendly people. If everyone's hungry but you're doing okay you will learn the difference between friend and foe real quick.
     
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  7. TreasureHunter

    TreasureHunter Well-Known Member

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    Instead of going down, it climbed back up to 18 $.
     
  8. sgbuyer

    sgbuyer Well-Known Member Silver Stacker

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    Since 2015, gold has been making higher lows, so the next low will still be higher than the previous lows. Gold is slowly trending upwards like it did between 2000-2008.

    So while the reset might not come immediately, gold will be trending upwards like it did since 2015 but the pace has accelerated. Looking at the current economic situation in China and Germany, and the "hung" trade war, the US will not be able to avoid a mild recession next year which means gold is going to rise beyond $1600 very soon.
     
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  9. Jim4silver

    Jim4silver Well-Known Member

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    I've often thought about getting into ammo reloading as a hobby. I have a couple of friends that reload and they say it is easy to do. I am afraid of messing it up. I like .40 cal and they are very high pressure rounds to begin with.
     
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  10. fishduck

    fishduck Member

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    Ok, just a few things..

    1) This is not America, so getting some bullets are a bit harder to come by (It's not like they sell bullets in Coles or Woolies like they sell bullets in Walmart in the US)
    2) This is not America, where you can buy bullets without the government knowing, unless you intend to do so illegally
    3) This is not America, where you can shoot for self defence or stand your ground, Australians aren't allowed to use practically anything for self defence due to the use of reasonable force clause and prohibiting of punitive damage on trespassers (they don't even let you wear kevlar vests). The only way this country allows you to own a firearm is for recreational purposes (target shooting, hunting animals)
    4) Obviously if your stacking bullets, you probably are looking to get a firearm, which is heavily regulated, requires them to be stored in a gun safe, and will be subject to frequent police checks/audits which mean you will be having the police come to your house frequently (assuming thats where you store it). I think bullets were regulated as well and should be easily traceable by the police.
    5) With point 4, the police will have full discretion to take your firearms if it deems reasonable (from their perspective to do so). For example, you own some bullets/firearm and you got into a argument with your partner and your partner was pissed to the point they got the police involved and probably said you own bullets/firearms. Police might take said bullets/firearms at their discretion to keep the peace (from their perspective).
    6) Having bullets/firearms gets you in the government/police database and can make you a potential government target in the future
    7) You're scenario above would only work when rule of law has broken down to a point where the police can't enforce the firearms laws in this country. I think we'll have bigger things to worry about if it comes to that point
    8) It says you're located in Melbourne, could I please ask how this will work in socialist Victoria?

    Once again, I'm not trying to attack you with my points. I just simply want to know how this would work given my reasons above. One good thing that I could think of when SHTF is that because this country has such low firearms ownership, there should be less firearm related incidents (I have yet to see any day light shooting sprees happening in Sydney or Melbourne CBD, the best I saw was a knife or car attack) so hopefully when SHTF, there will be less riots involving firearms and should be less intense than America.
     
    Last edited: Oct 27, 2019
  11. alor

    alor Well-Known Member Silver Stacker

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  12. 66rounds

    66rounds Well-Known Member Silver Stacker

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    There are plenty of firearms in Australia, and even socialist Victoria. If society collapsed, they will be used in the way all tools get used, according to their purpose. If you want to pretend Australia is a paradise full of nice people who will appreciate you having prepared in advance for a collapse then I got news for you. Maybe read a little bit about where the source material for Australia came from and what it's original purpose was (Hint: Penal Colony).

    Sorry if my post triggered you. No one advocated violence against innocent people. But if I was a gun owner faced with an angry mob trying to hurt my family I don't think I would care a rat's ass about the laws of Socialist Victoria.
     
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  13. Tokyo

    Tokyo Member

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    Hey silver we have unfinished business. Let’s test $21 and $26 ( major level) silver to gold ratio look like about to drop
     
  14. fishduck

    fishduck Member

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    No problem, I looked into this issue for quite a while and couldn't find a good way to approach this from a point of self defence as they don't let you do that here. I had an encounter with someone who asked the police what to do when someone had come to their house uninvited and was going to take their stuff. Police told them to contact police and wait for them to leave and take everything they want (to not provoke the intruder by creating a safety risk).

    One story I would like to share that I read somewhere is that when the communists took over Russia, first thing they did was find the list of people who owned fire arms and asked them to give up their fire arms.
    If they complied, they later got sent into the Gulag, if they didn't comply, they sent in the Red Army.
    So in this situation, what's a Russian suppose to do?
     
  15. SilverSale

    SilverSale Well-Known Member Silver Stacker

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    fishduck, unless something has changed in the last couple of years, the government doesn't record your buying of ammunition in Australia.
    You do however require a weapons license to purchase it.
     
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  16. 66rounds

    66rounds Well-Known Member Silver Stacker

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    If you don't want your name on lists, the only solution is illegal firearms or a false report of theft. Both of those options are silly. If an owner got door knocked asking to turn in their guns, the only realistic option is to comply. Our rights have already been taken from us and the fight is pretty much over. The only other options can't be discussed openly on web forums but are up to your own imagination.

    Regarding home invasions, it's one thing for a police officer to say that when they're on duty, and another for them to react to if they're defending their family from intruders. No sane person will sit idly by. At that point what does a jail sentence matter if you injured someone in defense of your young kids. I would wear that jail sentence like a badge of honour.
     
  17. Jim4silver

    Jim4silver Well-Known Member

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    I'm just curious, can a person have a cross bow at their home? Or muzzle loaders? That would be great for defending against an intruder at home.

    If I remember correctly, felons in the US (who cannot possess "firearms") can possess black powder muzzle loader pistols and rifles, which would be like defending yourself in the 1800s, which is still better than a sharp stick.

    It's kind of different in that here in the US in many places, including where I live, they are getting less strict on gun carry laws. Many stores and businesses used to have the "no guns allowed" signs posted at their business, but now they only say "no open carry" (like Walmart) which means they allow legal CCW in their businesses.

    I think they've changed their signs because they know they are better off if a crazed gunman/armed robber comes in and they have patrons with valid CCWs shopping. There have been many instances of CCW carriers in many states shooting and stopping an armed criminal who enters a public business and no innocent bystanders got hurt.

    Not like the wild west the anti CCWs predicted before many states passed the laws giving said rights, saying that CCW carriers would be shooting at each other in public places. Although nationally there have been some road rage incidents in CCW or constitutional carry states, but only a very miniscule percentage compared to the total number of holders.
     
  18. 66rounds

    66rounds Well-Known Member Silver Stacker

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    Cross bows and bows don't require a license but not sure regarding customs restrictions about what sort they let in to the country. Muzzle loaders require firearms license. Really it's not that hard to become licensed if you're sensible person with no criminal record. The travesty is the restrictions placed on licensed individuals. Licensed and lawful gun owners face magazine capacity, ammunition and firearms restrictions where as the crims have access to the lot, the only question for them is how much they have to pay.

    Most are also not stolen from licensed individuals as reported, but we're never turned in or were smuggled in. Smuggling has slowed with the recent focus on border control, but there are heaps of unaccounted for firearms that don't consider the ones that were never registered or turned in to begin with. What good is my bolt action Remington 700 against a crook armed with a semi auto Glock. It wasn't too long ago fellas I Sydney were holding up armoured cars with an SKS and AK-47. I have yet to hear whether those firearms were recovered.
     
  19. SilverSurfer77

    SilverSurfer77 Well-Known Member Silver Stacker

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    Just for the record in Qld you do need a license for a cross bow (Cat A) but not for a compound, recurve or long bow.
    I’m sure other states are the same.
     
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  20. JOHNLGALT

    JOHNLGALT Well-Known Member

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    Just for the record, in Victoria you do need a license for a cross bow (Cat A) but not for a compound, recurve or long bow, however, Aussie Disposals require Identification as a matter of Company policy. Nifty little cross bow here: https://www.cocoscope.com/watch?v=38683
    A silver spike requires no identification though.
     
    Last edited: Oct 28, 2019
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