/biz/ - Business & Finance

been done in the past and failed. too much silver ware in circulation.

You buy silver now and you are buying at the top.
Silver has never survived above $30 for very long
This will get ignored because this is a bullionshill thread

"Paper silver," at least SLV, is fully backed. Except silver futures is also heavily shorted and manipulated. So there is more paper silver sold than there is silver, but SLV is still fully backed so its safe to buy SLV. If enough people can buy SLV it will drive up the price of silver and short squeeze just like GME. But it has to be a bigger push than GME, but the results would fuck a lot more people than the very few who were short on GME.

>>27182824

Adjusted for inflation, silver should be like $1,000/oz, more in a squeeze.

Gov and industrial sector manipulates silver and gold, lie about how much is in hand, enough orders will display this and there's no way you could keep down prices from there

>>27183121
>SLV is still fully backed

>>27182733
Bullshit, it has been done in the past and succeeded. The problem was that it was done buy two brothers (the hunts) who were billionaires and easily targeted by power brokers and had their lives destroyed. The difference now is if we can use a decentralized attack vector there isn't a single point of failure and it cannot be overcome without out extreme uses of force over millions of individuals. This will become a social revolution and change the mechanics of finance and banking as we know it because they do not have enough power to control everyone. They got lucky with gme because they control the complete flow of the market, however you can't stop everyone from buying silver and throwing it off their boat, not can you confiscate it. Even if they tried the amount of manpower would outweigh the will, especially with the extremely fast dissemination of information over the internet. This is the synthesis of everything that has been learned from crypto being brought into meatspace.

>>27184130
*By two brothers
Jesus christ

>>27184130
silver is a much bigger market than gme, so unless the big bois join in probably won't be as big of a surge. silver is undervalued though.

>>27184449
They will join in, you also forget boomers who have been waiting their entire lives for this will happen and will literally liquidate their entire retirements and coom their pants while doing so. This is an old trick that generations have been hoping would happen, because of the internet and decentralized flow of information they can not stop it by making everyone watch the television. The narrative can no longer be controlled, this is what gme exposed.

>>27182604


Alrighty here you go.
mining and refining takes time. on Avg years there are 1Bio ounces produced. 15% of that is from recycled materials, ie old cellphones, silverware, etc sold to refiners. With Covid in 2020 the total amount produced was down about 5%. Here is the kicker that most of the smooth brians dont understand. SLV and PSLV are trading based on total production......BUT 50% of annual production goes directly to industrial uses that are non recoverable. The actual amount allocated to bullion is actually around 200Mio Oz. So roughly 20% of the total annual production.

Shorting the SLV market is only protected bc the bullion banks sell to each other and ship empty pallets around to each other. Additionally there are stop loss measures built into the Comex. IE the 589 rule (interesting # huh). This rule shuts down the market at a net gain/loss of around $12 per ounce daily.

Short and skinny: Phys is the safest bet, but....if one were to want to take down the global economy and ruin global liquidity. Pooling a group with enough capital to short squeeze silver will be the domino that drops the entire system.

If the paper market is leverage 250:1 phys and you can force delivery essential WSB wound need to leverage against 5.4Bio phys to the assumed market of paper at 1.35Trio. This is totally duable and the capital to flip it would be less then invested in GME.


Here is the kicker if you can get spot over lets say 35 or 40 they will ALL COLLAPSE.

>>27183121
it is not safe to buy SLV. Avoid it completely

>>27182604
jews controlling GME are low level jews. jews controlling precious metals are final boss jews. jp morgan was caught manipulating silver and paid $900 million fine. it's nothing to them because the manipulation is so deep and because they make so much money. you will not win. their kikery is too powerful.

>>27184797
edit PSLV trades with audited reserves and does have the phys to paper for their etf.

>>27182604

GME was 140% short; owing to the big 8 banks, silver is 50,000% short. If we go on with this manipulated silver price for a few more years then silver (which is essential for modern life) is simply going to disappear. We need a silver squeeze to save mankind from entering into a new Dark Age. All the high-grade deposits are pretty much gone (source: mining insiders in Chris Marcus's book The Big Silver Short) and we have virtually no stockpiles (governments have only 3 weeks' mine supply). There are only about 100 million ounces mined per year for investment, which is less than $3 billion market cap. Less than Gamestop was before it mooned. Only 1/200th that of BTC. There is only 2 times as much silver above-ground as there is gold. Silver is so rare that owning 60 ounces ($1500) puts you in the top 1% of owners. Owning 30 ounces of gold ($55,000) puts you in the top 1% of gold-owners. Gold is also mined at a mere 1:8 ratio with silver. Yet the GSR is 1:70. The historical average is 1:15: some say 1:10. Historical wages for silver (1/10th of an ounce per day) and John Williams' ShadowStats show us that a fair price for silver would be $1000 an ounce.

>>27184759
>>27184449
This is pretty true about boomers, they remember the gold rallies. If you can kickstar a PM bull market they will pile in

>>27182604
yeah they are retarded and going to get fucking hosed hard. there is unlimited paper silver, literally. the big guys who control the market can literally issue as much as they want without actually backing it up. paper silver is how you get fucking slaughtered like a pig

>>27182604
Also to prove I'm not bullshitting and that I'm long on silver, here's my stack that I just bought this week. I truly believe that the information age is come to widespread fruition and legacy institions do not hold enough power to subvert it using historical methods.

>>27184252
this isn't reddit no one is going to try to score upboats correcting you and everyone will understand what you meant we aren't those type of retards

>>27184759
>>27185221
i mean the last gold rally was only a little over a decade ago, don't have to be a boomer to remember that

>>27185221
Yes and guess what generation holds all of the weath currently? It might be the first time that dogshit generation has ever benefitted humanity.

>>27185466
21 is 2021? year purchased for tax reasons?

Silver is worthless. Worldwide silver mines remain unexplored because there is not enough demand.

Demand for silver is fulfilled by the silver dug out of the ground while exploiting other minerals.

>>27185466
ur an ouncelet post a 100oz bar

>>27185800
It was all they had left, my pcs was apparently slammed and those four bars and shield was the last of non ASE they had in the store. Unfortunately I had to pay 32/ASE but maybe I can get out in a bit and flip it to 100oz/1 kilo bars.

>>27185852
I couldn't get one locally I have 10k I'm still waiting to get in with, I fomod my entire stores inventory.

>>27182604
I bought some 15 coins yesterday for 27€ each and I got some plastic display cases for them as well for a couple of cents each... The prices are fine right now, very cheap to be honest

>>27182604
>1. We don't know exactly how many silver reserves are there. Big companies might have some secret shit going on
Silver is both an industrial metal and a monetary one. So when you look at the total silver mined, be that ever or in a year a lot of it is lost. When the 'short' happens its because of a supply crunch and people are not going to start destroying solar panels just to get the 20g of silver out (well maybe they will depends on how crazy it gets I guess).
>2. Even if we start hoarding, it will take years to remove a lot of silver from the market
In march it took a few hours. There is not a lot of silver, its a very small market for a commodity.
>3. In the EU and other countries, silver is taxed...
The tax on silver coins in my eu country is only on the margin of profit of the wholesale seller.
>plus with delivery and sale fees. This means you will buy coins and bullions just to enrich people selling them by paying hefty fees
When the supply crunch happens the price for physical silver decouples from the spot price. If I want to sell my physical coins, they offer to pay me 7% over spot, and they sell it for more. In march when the supply crunch happened they offered to pay 20% over spot if you sold them your silver. So yes the premium will be huge for people that FOMO in, but the people that got in early will actually benefit from it.
4. Even if hedge funds who deal with paper silver shorts get fucked up... paper silver longs will benefit from the squeeze... so why not buy long?
Because we're not up against hedgefunds, we're up against banks. MEGA banks that make hedgefunds look like little bacteria. They cant print actual silver however.
>5. Is there a ***low*** in silver price? It should be around 25 € per oz. but good luck finding it on the normie market at such price.
Dont understand the question, I can order it for 26eu at this moment no problem. Last week this was 24,3eu.

>>27182824
Oh wow, man! What other big-brain takes can you share with us?

>>27182604
silver is extremly pushed down from the jews

it should have a worth of at least 100 in 2010 when you look at the inflation

the conventional mining of silver will be over between 2023 and 2025

there is a consuption on silver
every electronic shit has silver in it
in every car is 1 ounce in silver and its to expensiv to get the silver out of it when the things are damaged

and we push it right now

there is nothing you can do wrong when you buy some real silver

when the dollar und euro is gone silver ist still here

>1. We don't know exactly how many silver reserves are there. Big companies might have some secret shit going on
They definitely do, but resources are always limited
>2. Even if we start hoarding, it will take years to remove a lot of silver from the market
True, but the more people hold it, the more its price rises
>3. In the EU and other countries, silver is taxed... plus with delivery and sale fees. This means you will buy coins and bullions just to enrich people selling them by paying hefty fees
The idea is that the price rises, so eventually you'll have the extra costs covered.
>4. Even if hedge funds who deal with paper silver shorts get fucked up... paper silver longs will benefit from the squeeze... so why not buy long?
Speaking for me, i like the idea of having my valuables available and not being reliable on third parties involved
>5. Is there a ***low*** in silver price? It should be around 25 € per oz. but good luck finding it on the normie market at such price.
Because stamping and production costs

>So is this a scam? Are ppl really buying real silver and hoarding it? How comes?
I dont know much about investing and i dont want to, call me a brainlet but the idea of having my cash on the bank with zero interest rate is less appealing than having some value

Also people just buying silver and not having some gold are dumb. Physical assets are just what i buy with my leftover salary, having some fonds in real estate and diversiefied stocks is extra.