there is a promo again
https://www.bullionstar.com/buy/product/silver-kangaroo-2017-1oz
https://www.bullionstar.com/buy/product/silver-kangaroo-2017-1oz
What's the future of silver look like to you?
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What about that giant puddle here in 2010-2011. Intellectually, holders after that had their head handed to them.
It does not trade as a precious metal and mostly traded as a commodity in the commodity boom. In 2007-8 it fell along with gold, while all the media silver shills told us financial instability would be the catalyst for UPSIDE. No - the opposite happened (with the exception briefly for gold in late 2008 when the Fed met over a weekend to set up QE. The Friday before that gold went up 40%. Then it fell all the way back down and some MORE.
Who cares if it is a Noble Metal? Some of my old coins have a nice purple patina.
Whether it traded for millenia as currency is immaterial. IT DOES NOT NOW. To hold onto this is a dream sold to you by shills.
Number 47
Well-Known Member
I think I need to quote SpacePeat here
"The ANTI-stacker (more correctly, the "dickhead"): Patrols the forums looking for stackers to berate for their stupidity in buying gold and silver. Most likely to have bought into gold and silver at the peak and now is bitter and disillusioned. Reacts furiously when they find someone enjoying stacking. The ANTI-stacker will rejoin the forum under a different name when prices recover and will panic-buy as the up-trend accelerates."
Excellent point. I got a shock when I just looked up on pt.
Pity I only got a 1 oz QB griffin back in January. The publicity on pt is really bad, probably worst than silver. My family is also against me buying pt - saying it's an industrial metal and not a precious metal! To be honest, I had my doubts as well so I didn't pursue. Will the price fall back as it did in Dec? Maybe, but I don't know if I will be brave enough to get more if it did - quoting jim rogers.
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Hahaha
I love that. I still hold my old name, cobber (at a time when price sucks pizzles)
I still hold all my silver. Bought it well over a decade ago. Even felt the euphoria and saw the parabola in 2011, knowing what it meant (sell, you idiot!) - but knowing is not the same as action. So, I hold it all to this day.
You can tell your pal space cadet that his head was in the clouds, like Mr Squiggle. There were/are factually far better investments.
With Pt it is all about car exhaust regulations. This is why Pd has rocketed and now is more valuable than gold itself. This is also the case for Rhodium.
That said, Pt is rare. Rhodium is amazingly rare.
This is true and logical. It is how I see silver. The idea that it is going to be money again is fantasy. We will have to wait for another herd to grow into the right age demographic to become delusional enough to think it will be money again, then sell, sell, sell!
Number 47
Well-Known Member
That would take a civil war. The corruption goes all the way to the top.
Questions need to be asked ... what would happen if everybody that holds gold and silver certificates called in their physical PM.
How has the industry been allowed to issue certificates withiut backing them with PM?
Questions need to be asked ... what would happen if everybody that holds gold and silver certificates called in their physical PM.
How has the industry been allowed to issue certificates withiut backing them with PM?
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JOHNLGALT
Well-Known Member
"How has the industry been allowed to issue certificates without[sic] backing them with PM?"
Therein lies the problem, The 'CRIMINALS' that run the 'CRIMEX' Metals Exchange can change the rules of the game at any time, as they did to the HUNT BROTHERS to fleece them of their silver when they changed the contract rules.
Therein lies the problem, The 'CRIMINALS' that run the 'CRIMEX' Metals Exchange can change the rules of the game at any time, as they did to the HUNT BROTHERS to fleece them of their silver when they changed the contract rules.
JOHNLGALT
Well-Known Member
Thank you, but we have enough idiots in Parliarment already. I'll just stick to cheer-leading the metals.
The future for Stackers of Silver never looked better, with the S/Gold Ratio @ 86.24+ roughly, but who is counting? LOLOL. _JOHNLGALT.
JOHNLGALT
Well-Known Member
@Captain Kookaburra doing a good Don Chipp job in a Silver auction in another thread where Silver is concerned.
Well done Captain, Don Chipp would be proud. _JLG. (money is the root of all good).
p.s. 25 mintage, 300 mintage, what does it matter @ this point? LOLOL.
Well done Captain, Don Chipp would be proud. _JLG. (money is the root of all good).
p.s. 25 mintage, 300 mintage, what does it matter @ this point? LOLOL.
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The fundamentals in the physical world of silver are the most explosive I've ever seen in 20 years. I'm now expecting a GSR sub 30 for an extended period as we enter the monetary reset. But silver is a political metal as well, so expect the Gman to tax your profits generously, about the same time they do bail-ins. It's only fair, hehe.
that is pretty bold, vc
Yes the GSR is near or at ATH. But, does this mean anything? I am wondering if the mineral commodity uptick continues there may be merit in seeing a rise in silver. Iron ore is up quite a bit and BHP SP has risen 3 fold in 3 years or so, with a nice surge recently.
Since the demand for both physical silver and gold has risen in 2018 over 2017 while supply has fallen, yet price is lower. It looks to me that the in the short term at least, silver and gold don't behave like mineral commodity where physical demand matters. The play is on the price of gold falls when the dollar rises and vice versa. There's no relation to actual demand and supply.
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If you ask me, I don’t really care about the silver coin demand side of the equation as speculative demand is the lowest when price is low. People like to buy high and sell Low.
The Supply side is more important in the Long run because demand rises and fall but ground supply is fixed, and it is evident that supply is peaking for both gold and silver.
The demand for Dow Jones financial stock is the lowest in 2011, but that’s when I bought in. When demand is the highest, that maybe time to dump.
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