Silver News

From the news this morning it looks like silver is going to be the next Game Stop. Play at your own risk.

My gut....speaks this also.

But........ keep in mind. , . , . , . , . , . , .......if silver goes up to....... (say) $80/Oz..... would you sell it? Would you take $80 of Fiat currency paper money ... for a real (and solid.......and "recognized") asset?

NASA-Tom Wrote:
-------------------------------------------------------
> My gut....speaks this also.
>
> But........ keep in mind. , . , . , . , . , . , ..
> .....if silver goes up to....... (say) $80/Oz....
> . would you sell it? Would you take $80 of Fiat cu
> rrency paper money ... for a real (and solid......
> .and "recognized") asset?


I would rather have silver on hand than worthless banknotes if the SHTF....juss saying

Yeah, expect inflation coming soon.
Hold onto your silver and gold.

goodmore Wrote:
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> From the news this morning it looks like silver is
> going to be the next Game Stop. Play at your own r
> isk.


Totally agree!!

Silver will not spike like the game stop shares. The bullion banks and the other big boys have so much control , using derivitives, and all sort of paper wizardry. The best way for the prices of silver to rise so to buy up physical silver, and cause a shortage. Wall street bets , which is a stock message website of 7 million members, recommended buying SLV, which is an exchange traded vehicle, which is supposed to be backed up by physical silver, and paper silver. However they can perform all kinds of paper tricks. If all those members bought physical silver instead, there would be a massive shortage of silver. Now, quite a few people worldwide did buy physical silver. All of the online silver dealers sold out of cheap silver..
Saturday nite, silver eagle coins were selling for $32. Monday morning the price shot up to $42 . Coin dealers are pretty sharp, they are not going to sell their complete inventory at these prices, knowing the prices are going up. They let a portion of their silver sell at the cheap price, and it sold out. Now if the buying pressure continues, that will force the spot price up. When the solar and electronics manufactures cannot get silver, the price will skyrocket. My market guru feels silver should hit $200 per oz in 2022. He has been pretty accurate in his market calls, but forecasting the future is always tricky. Silver is grossly underpriced of all the commodities out there. The price will hit fair value at some point. One of the better investments out there currently.

Silver:
01Feb: $28.49 / oz
11Jun: $27.92
Change: -2%

Gold:
01Feb: $1857.36 / oz
11Jun: $1876.87
Change: +1%

Dow:
01Feb: 30211.91
11Jun: 34479.60
Change: +14%

VSTO stock (large ammunition manufacturer)
01Feb: $31.01 / share
11Jun: $43.03
Change: +39%

— Conclusion? Invest in lead.



Edited 1 time(s). Last edit at 06/13/2021 11:56AM by go-rebels.

I had an acquaintance that bought and sold commodities. His secret? Disasters. He simply kept up with followed disasters, the commodities they affected and how long recoveries were expected to be. Modern term would be supply chain interruptions.

Here is a list from Wiki.... [en.wikipedia.org]

Probably be fun to do as a hobby if you had some money to play with as you have to stay informed about the world.

HH
Mike

I bought silver options once and silver went up and I called to sell and I got nothing.

I got in a court action with several others and ended up with about $30.

I had $600 in but others had over $30,000 in.

So be careful where you invest.

They say 90% of the options players lose. I never did options. You can't lose holding physical silver , at these prices, and during this inflationary cycle.