World Silver Reserves are bogus

SliderC

SliderC

Active Member
Whats with the world silver reserves, in 2002 they were apparently 520,000 Metric Tonnes, yet almost every year ~25,000 Tonnes are mined consistantly, and yet 15 years later the reserves were 530,000 Metric Tonnes...

Math does not check out...they are discovering new silver deposits faster then they can mine them...
 
To be fair, in 2002 the silver price was $5...tell someone how shite it is if they had been buying since then
 
SliderC said:
To be fair, in 2002 the silver price was $5...tell someone how shite it is if they had been buying since then
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Yep, time window selection is everything when comparing.
Check this out for silver shyte. :p

silvershyte.png
 
If the banking system becomes a casualty of either of these attacks, silver could replace fiat currencies :p
 
Davros10 said:
Please be careful about comments targeted towards the Transhuman population. We should all know better these days.
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In anticipation of the Trans-humans coming into existence, I apologize in advance for any prejudiced and/or noninclusive comments targeting these poor souls :oops:
 
wrcmad said:
Yep, time window selection is everything when comparing.
Check this out for silver shyte. :p

View attachment 39178
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Yer but as an investor you should pick when you buy, so yes picking a time window is applicable, silver is only shit when you buy in stupid times and have stupid expectations.

I first started stacking in the early 2000's and sold almost a full stack in 2011. A few thousand ounces. Any one who bought in 2011-2012 wAs an idiot, it was clear to see that it was a bad time to buy and a good time to sell. Fomo is shit not silver.
People who pick bad windows to buy only have them selves to blame for bad investments. Just like now these people who are paying the hugh premiums are crazy, there are windows to buy and their are windows to sell, then there are periods you hold.

Its easy to make money on silver, honestly i find it very predicable so you always need tobe ready to sell and cash in, or ready to buy.

But there are plenty of people who fail at silver miserably who like to whine about it as they made stupid rockie mistakes.
Eg people who say ignore everything and just keep buying as its going to the moon,those people will never get ahead, but thats not silver fault thats just fools with no idea.
 
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SliderC said:
You dont hear much from them..
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Yer you do hear from them all the time, they are the ones who say silver is shit lol.
the buthurt ones.

Might even find the same anti silver guys saying the same thing about gold in a few years lol, as they blew $20k worth of super on gold when the stock market was down when they cashed it in and bought into gold when it was at record highs then compounded by the fact AUD was also low lol. And when they finally do the maths they find that was a stupid idea and wasnt that great investment.
But thats not gold fault either, thats the fault of stupidity. But im sure they will complain about it.

If you know what your doing you can make good coin off both gold and silver, if you dont know what your doing you can loose money on both. Its easier to make short term gains on bullruns untill the run stops and at that point its easy to turn a win into a loss. So timing is everything and identifying bull runs is essential. So there were allot of people who made bloody good coin on silver in 2011-12. But there were people who didnt. The people who didnt were the ones who didnt know what they were doing.

Ps sorry about any grammer or spelling, typing on iphone
 
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Davros10 said:
Are you presently a buyer or seller?
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Neither right now, i sold around 500 ounces of my surplus a few weeks ago. As people were paying $930 for a kg bars and $320 for ten ounce bars. Lol which was insane when spot was $22 wn ounce at the time. That money is sitting aside ready.
The majority of my stack is still there also, i keep a few hundred ounces for regular trading, and that has already been sold.
its a far better time tobe selling than buying. The premiums are stupid, paying the premiums being paid for generic bars is a sure fire way to loose money. FOMO at its best.

If some fool is paying that sort of money, sell it to them
 
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