Silver to the moon

Discussion in 'Silver' started by Kanniki, Feb 17, 2021.

  1. Kanniki

    Kanniki Member

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  2. heartastack

    heartastack Well-Known Member Silver Stacker

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    If silver went up 1c every time one of these vids was published...
     
  3. alor

    alor Well-Known Member Silver Stacker

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    only when after the Lunar New Year is over, then the selling pressure will be gone again
     
  4. sgbuyer

    sgbuyer Well-Known Member Silver Stacker

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    I nearly wanted to place an order for 190 PSLV as a token support for the “squeeze” but decided not to last moment. Unlike physical, there’s no fun buying paper. I think I’ll buy stocks instead. I’ve been buying stocks on a 8 to 1 ratio versus pm since March last year. There’s still a lot of pandemic hit stocks not yet recovered.
     
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  5. hardyakkagold

    hardyakkagold Well-Known Member Silver Stacker

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    I don't know about that.

    When you are the cartel and have virtually unlimited paper silver any excuse will do for a selling frenzy.

    Although I must admit I am pleasantly surprised at silvers resilience, thought they might have been able to crash it down a further 10%.
    The physical shortages must be having an impact on how far down they can push spot now.

    Glad I am quite heavily into silver and not just gold, otherwise I would be feeling quite miserable now if I only had a gold stack.;)
     
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  6. alor

    alor Well-Known Member Silver Stacker

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  7. alor

    alor Well-Known Member Silver Stacker

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    back in 2008/09 the gold buffalo was selling for 1650, when spot was 850 about 100 % premium
    I had no choice but to spent $26 on a copy buffalo clad, got people who could not understand why people would want to buy a clad.
    when the premium is back to normal again, can spent the same amount for 2 gold coins :) it was a small price to pay to wait

    gold is boring, just sit back, silver is jumping around and get self tired out and one day it open 10% up back to life again lol

    only buy the corrections, then you win every time you buy, all those savings can get more ounces
     
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  8. sgbuyer

    sgbuyer Well-Known Member Silver Stacker

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    So are you going to buy platinum on corrections? So far the buy on dip isn’t working too well for me, at least for gold and silver over the last 2 years. It’s better for me to just buy all the gold and all the silver I want to buy 2 years ago and forget about it.
     
  9. alor

    alor Well-Known Member Silver Stacker

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    with the premiums, it is costly to swap Pd to ride on Pt
    its just a switch Pd direct to Ag for ounces, but my Pd is hedging my silver
    so I got to earn more fiat to buy Pt then
     
  10. sgbuyer

    sgbuyer Well-Known Member Silver Stacker

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    Pt will pull back, but I don't think $800-$900 is still possible. Maybe $1000?
     
  11. alor

    alor Well-Known Member Silver Stacker

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    10 years ago when watching MM video at 6:41 Oil heading to $10 then April 2020 Oil below $10, now oil $60
    it will depend on how long the time frame be



    SAfrica can increase Pt production together with Russia to drive out competitors
     
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  12. sgbuyer

    sgbuyer Well-Known Member Silver Stacker

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    Competitors? SAfrica produces 80% of platinum. Russia is only a minor producer at around only 10% of market and falling since 2015.

    https://www.statista.com/statistics/273645/global-mine-production-of-platinum/

    But for pd, Russia is largest producer last year and rising production. Russia got lots of pd, very little pt. Of course, unlike SA that mines as much pt as possible, Russia controls and limit pd supply to ensure there’s a shortage and keep price high.

    As for oil, only 2 years ago I say oil will go to zero, no need 10 years. What is valuable is not oil but NG and coal. There’s no real shortage of oil. It’s only a cartel.
     
    Last edited: Feb 17, 2021
  13. Skyrocket

    Skyrocket Well-Known Member Silver Stacker

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    On my skyrocket! :)

    Keep stacking while it's still cheap!
     
  14. crewy

    crewy Active Member

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  15. mmm....shiney!

    mmm....shiney! Well-Known Member Silver Stacker

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    Waves as I fly by on my crypto rocket to Mars. :p
     
  16. SilverHaas

    SilverHaas Member

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  17. 66rounds

    66rounds Well-Known Member Silver Stacker

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    Bye, don't call us we'll call you!
     
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  18. ParanoidAndroid

    ParanoidAndroid Well-Known Member

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    He'll probably bump into a few Silver Stackers when he gets there..
     
  19. mmm....shiney!

    mmm....shiney! Well-Known Member Silver Stacker

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    I’ll keep keep a couple of coldies for you if I get there first.
     
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  20. crewy

    crewy Active Member

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    silvertothemoon.com
     

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