SodaPop
Active Member
Few reports of retail silver doing massive sales in the last weeks too. Any reason for the uptick?
Reddit #silversqueeze redux
- Thread starter 66rounds
- Start date
Few reports of retail silver doing massive sales in the last weeks too. Any reason for the uptick?
SodaPop
Active Member
Yeah but why the surge in members and retail sales just recently? I haven't noticed anything out of the ordinary except silver price dropped slightly. Thousands of people panic buying all of a sudden without any particular reason is kinda worrying.
SodaPop
Active Member
That stuff has been known for months. There must be some trigger behind this recent surge with silver sales nearing the peak in Jan/Feb without an actual fan fare or noise about it.
This could be the tip of the spear in regards to people in the know leaking information to some of the peasants they are friends with. Economic collapse incoming? Hard to explain it otherwise.
it’s been confirmed that it is just Reddit’s server lag as they sync up new members over last few months. So most won’t be new members. It does boost confidence that there is increased interest and consistent membership though.
regarding sales I’m not sure
Millennial Engineer
Well-Known Member
Looks like the ABC Radio Host who interviewed Richard Hayes of the Perth Mint has passed on aged 56.
Tributes flow after news of the sudden death of popular, long-time ABC presenter Russell Woolf - ABC News
Original interview from 8 months ago.
Perth Mint says it has enough silver in stock following online claims the refinery is defaulting - Breakfast - ABC Radio
Tributes flow after news of the sudden death of popular, long-time ABC presenter Russell Woolf - ABC News
Original interview from 8 months ago.
Perth Mint says it has enough silver in stock following online claims the refinery is defaulting - Breakfast - ABC Radio
SodaPop
Active Member
Are you implying there is a link to the interview in regards to his death? I wonder if he was double-vaxxed.
I noticed Scotland just announced they had +30% more deaths than the 5 year average 2 weeks ago. Lots of uh... circulatory deaths it seems.
https://www.bbc.com/news/uk-scotland-58899460
Millennial Engineer
Well-Known Member
Being in Perth I saw and had his name mentioned to me last night and today and then put two and two together as I thought I recognize his name before.
I guess I would put some follow up here in my lunch break.
Definitely not implying his death was related to the mint story. Or Vaccine/Covid status.
Millennial Engineer
Well-Known Member
Seems he was double vaxxed.
I sure hope Richard Hayes protects our community and gets double vaxxed and a couple of boosters to make sure. #safetyfirst
Good Detective work and beat me to it Mr Sodapop,
I will post on another thread here.
I conjecture that Mr Hayes, considering his pedigree, might be privvy to info which Mr Woolf was not which might make him take the vaccine.
Perhaps for Mr Hayes it would be different as he works for Gold Corp which is a corperation set up by the state government which I am sure they will exempt.
Talking about that Perth Mint banned Cash transactions in June this year.
Off the cuff here I Perth Mint will probably be one of the first WA institute to show proof of Jab to enter, if we go down the route of Vaccine passports here in WA.
ABC Bullion has crazy pre-order times for some of their products. For the first time in several months their very own Eureka rounds are on pre-order. Collection available after the 31/12/21! That will be into January 2022 as they close over the new year break. Look at maples. Collection not available until Christmas Eve? That will likely go into 2022 as well. Something is definitely up in the silver market for ABC to list their own product on pre-order with such a delay.
^^^
I can vouch that…not sure what’s happening… all local coin shops hv jacked their coins < 10ozs.. and the reasonably priced are those 20+ozs…. What’s happening?
I can vouch that…not sure what’s happening… all local coin shops hv jacked their coins < 10ozs.. and the reasonably priced are those 20+ozs…. What’s happening?
There certainly seem to be some disruptions to the worldwide silver wholesale supply chains happening at the present time, maybe that has something to do with it.
It was a bumper first half-year of silver import into the USA, so much so that their regular suppliers in Mexico and other South American countries couldn't supply
the demand, so the Yanks have been cleaning out the supplies in countries like Russia, Turkey, and even some of the 'Stan countries.
And with India reentering the wholesale buying of silver in the last couple of months together with Turkey, things seem to be getting interesting.
It might be an interesting 3 month period coming up in the silver markets, might be best to hold and not sell silver unless need be, to see what (if anything)
eventuates from the current shortages.
It was a bumper first half-year of silver import into the USA, so much so that their regular suppliers in Mexico and other South American countries couldn't supply
the demand, so the Yanks have been cleaning out the supplies in countries like Russia, Turkey, and even some of the 'Stan countries.
And with India reentering the wholesale buying of silver in the last couple of months together with Turkey, things seem to be getting interesting.
It might be an interesting 3 month period coming up in the silver markets, might be best to hold and not sell silver unless need be, to see what (if anything)
eventuates from the current shortages.
If the talking heads in the precious metals are to be believed, it seems that Turkey has entered the wholesale silver buying market for the first time
and cleaned out the refineries' stocks.
I wonder why that is? Do they know that something big is going to happen in the silver market, or are they just replenishing stock that they sold earlier to the USA?
Or a third scenario is that the Turkish Lira is down about 30% against gold this year, so it might be that gold is becoming too expensive for the average person to invest in so they are diversifying into the silver market in a big way as a business strategy.
Will Turkey be known as the silver jewelry center of the middle east in the future?
and cleaned out the refineries' stocks.
I wonder why that is? Do they know that something big is going to happen in the silver market, or are they just replenishing stock that they sold earlier to the USA?
Or a third scenario is that the Turkish Lira is down about 30% against gold this year, so it might be that gold is becoming too expensive for the average person to invest in so they are diversifying into the silver market in a big way as a business strategy.
Will Turkey be known as the silver jewelry center of the middle east in the future?