When silver goes back down to $12 Im going to buy it
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Thread: When silver goes back down to $12 Im going to buy it

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  1. #1
    ca
    Jul 2013
    Fisher Goldbug
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    When silver goes back down to $12 I'm going to buy it

    Just kidding.

    Hop onboard if you're not already!
    Last edited by coinbug; Dec 21, 2020 at 08:32 PM.
    PetesPockets55 and Phil like this.

  2. #2
    us
    Wood Butcher

    Apr 2013
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    Quote Originally Posted by coinbug View Post
    When silver goes back down to $12 I'm going to buy it
    ________________________________________________
    Just kidding. Hop onboard if you're not already!
    Not me. With my luck at timing anything, I'll probably be selling when it's at $12.

  3. #3
    us
    Jan 2016
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    Haha that's funny!

    Chugga Chugga Choo Choo!

  4. #4
    Charter Member
    us
    Mar 2013
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    I used to be heavy in the stock market, lost thousands.

    An old co-worker K. C. Hsu once to told me:

    "Waja, we like you. We gunna watch you and do the opposite....."
    T.C., releventchair, mts and 1 others like this.
    Republic of Vietnam 10/69 - 3/71, Cambodia April 27, 1970 on a mountain top with HUGE scorpions

    "'He jests at scars who never felt a wound'" c.s.lewis - 1940

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  5. #5

    Dec 2003
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    I'll wait for $3.an oz
    DeepseekerADS and T.C. like this.

  6. #6

    Apr 2008
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    I have been holding silver and watching its price daily since 2005 or thereabouts. I feel that what is going on with these Wallstreetsilver type buyers and such is that silver is going to finally "break free" from its bondage. I am currently not buying due to the higher prices and lack of local physical silver, but I have the silver I picked up between 14-18 or so during the past 5-6 years and don't plan on selling ANY until we hit 100, then I'll dump 1/3 of the stash and hopefully sell the rest before it crashes someday.

    What makes it different this time? The fact that silver is being taken off the market at such a fast pace. The "manipulators" can't manipulate the same way without access to loads of physical to dump when they need to.

    I guess we'll have to wait and see. Meanwhile, SLV has recently changed its prospectus again based on what is going on with the silver buying frenzy.

    PS The fact that the MSM isn't really talking about silver right now tells me there is something there.

    https://www.bullionstar.com/blogs/ro...silver-supply/
    Last edited by jim4silver; Feb 17, 2021 at 03:17 PM.
    R.I.P. Rich Hartford

  7. #7
    Charter Member
    us
    Mar 2013
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    Quote Originally Posted by jeff of pa View Post
    I'll wait for $3.an oz
    Jeff, where you at? You lookin at buying? Where you at?
    Republic of Vietnam 10/69 - 3/71, Cambodia April 27, 1970 on a mountain top with HUGE scorpions

    "'He jests at scars who never felt a wound'" c.s.lewis - 1940

    The Ten Commandments: http://www.godstenlaws.com/ten-comma.../#.UdAz65yynZg

    The Bill of Rights: http://billofrightsinstitute.org/fou...ill-of-rights/

    The Constitution: http://www.archives.gov/exhibits/cha...ranscript.html

  8. #8
    us
    "Call me ArfieBoy"

    Aug 2011
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    Back a few years ago, when silver was high, I gathered up a bunch of spare silver coins and scrap silver I had dug up. When I went into my local silver dealer the spot price of the day was $49.25/oz.. I sold him my silver, took the money and ran! The next day the price dropped, and continued to drop! It never went up again until recently. I just totally lucked out that day... and I never luck out! I couldn't have timed it any better if I had been the world's most educated broker in precious metals! I don't dare go back 'cause I think Karma is lurking in the wings to strike for "payback!"
    T.C. and DeepseekerADS like this.

  9. #9
    Charter Member
    us
    Feb 2008
    Great Lakes State
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    Quote Originally Posted by jim4silver View Post
    What makes it different this time? The fact that silver is being taken off the market at such a fast pace. The "manipulators" can't manipulate the same way without access to loads of physical to dump when they need to.
    Jim I thought the crooks were dumping paper on the market, not physical?

  10. #10
    Charter Member
    us
    Feb 2005
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    Quote Originally Posted by fistfulladirt View Post
    Jim I thought the crooks were dumping paper on the market, not physical?
    I am not very sophisticated/educated on market trends but I have been "stacking" silver for years, just like the stuff.
    Basically, hoards of guys on reddit, the same crowd that sent gamestop shares ridiculously high and crumbled the portfolios of alot of investors are, and have been for weeks, trying to do the same thing with silver - Drive up the spot price against those who have "bet" [with big $$] that it will/would go low.
    This has created unprecedented demand, the monster box [500 oz of silver] I bought about 5 months ago for around $13k now sells for nearly $20k [actually went over that mark, has lately been trending down a bit] ,, But the demand has never been higher, the supply is finite, so "stackers" are trying a brute force squeeze to drive it up by taking it off the market, browse here for much much much [too much] more info and perspective and get an idea of the frenzy going on

    https://www.reddit.com/r/Wallstreetsilver/

    https://www.reddit.com/r/Silverbugs/

  11. #11

    Apr 2008
    3,651
    483 times
    Quote Originally Posted by fistfulladirt View Post
    Jim I thought the crooks were dumping paper on the market, not physical?

    FFD,

    The folks who are long on Comex can stand for delivery if they wish. When that happens, the "short" (person on other side of the transaction) has to go and find the silver to satisfy the contract. In the past, there have not been enough "longs" wishing to stand for delivery to affect supply, so the "shorts" could keep selling (shorting) invisible paper ounces on the Comex as much as they want.

    This right to stand for delivery is the only thing that will have any effect on curtailing the excessive shorting going on in silver (and gold) if supply ever gets low.

    There are some silver pundits falsely claiming that the Comex longs are either coerced or bribed to take a cash settlement with some type of "bonus" thrown in, instead of getting their silver or gold delivered. Such utter and complete rubbish. I won't name the pundits who say this but they have a decent following who like to quote them from time to time.

    If the paper price drops too low I predict more buyers (longs) will get Comex contracts and stand for delivery. Each standard Comex contract involves 5000 ounces of silver.

    Here is a charts showing Comex gold deliveries. Look how much is being delivered recently. I can't find the silver chart but it looks similar if I remember correctly.

    https://seekingalpha.com/article/436...rk-is-elevated
    Last edited by jim4silver; Mar 05, 2021 at 03:03 PM.
    fistfulladirt likes this.
    R.I.P. Rich Hartford

  12. #12
    us
    Jan 2016
    South of Gunnison, Gold Basin
    F2
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    Prospecting
    You go in the Reddit chat now and they call you a government shill and report you to get banned haha.
    The Reddit crowd is imploding on themselves now.
    They all sit there and stare at spot all day and wonder what happened.
    fistfulladirt likes this.

  13. #13
    Charter Member
    us
    Mar 2013
    SW, VA - Bull Mountain
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    Digging in the dirt & scooping in the water!
    I just checked and spot silver right now is at $25.22.....

    I'm comfortable just sitting and watching. Did some paper silver back during the Hunt Brother's days - lost my butt.

    I no longer believe in paper silver....
    Republic of Vietnam 10/69 - 3/71, Cambodia April 27, 1970 on a mountain top with HUGE scorpions

    "'He jests at scars who never felt a wound'" c.s.lewis - 1940

    The Ten Commandments: http://www.godstenlaws.com/ten-comma.../#.UdAz65yynZg

    The Bill of Rights: http://billofrightsinstitute.org/fou...ill-of-rights/

    The Constitution: http://www.archives.gov/exhibits/cha...ranscript.html

 

 

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