The Mental Militia Forums

Special Interest => Money, Commerce, and Taxation => Topic started by: OLD TIRED RN on September 01, 2012, 12:03:20 am

Title: SILVER PRICE RISING AGAIN!
Post by: OLD TIRED RN on September 01, 2012, 12:03:20 am
Silver closed Friday over $31+ some odd cents.  Could it be that the Bankers//Builderburg is loosing their grip on being able to hold the price down for a while?  Sure hope so.  Lots of little people waiting/hoping/PRAYING for silver to rise. We all know that there is a lot more silver out there on paper than actual physical silver.  When the electronics industry needs silver and they are down to paper, they can't put paper contracts in those computers, cell phones, etc. What you best we could make a fairly descent premium right now selling our stashes?

                                  Respectfully As Always, RN  (Old tired worn out, broken down, out to pasture.)
Title: Re: SILVER PRICE RISING AGAIN!
Post by: scorpio on September 01, 2012, 10:13:59 am
All the markets were up yesterday. People are investing again? I think a load of cash got released into the economy (Berneke) just in time for an election. I invested heavily on aluminum foil can you tell?
Title: Re: SILVER PRICE RISING AGAIN!
Post by: DiabloLoco on September 01, 2012, 12:37:38 pm
All the markets were up yesterday. People are investing again? I think a load of cash got released into the economy (Berneke) just in time for an election. I invested heavily on aluminum foil can you tell?

Nope. I posted about this on another thread. Bernanke "hinted" at QE3. No money "printed out of thin air".........YET! I think that things will hold off until AFTER the elections. I expect massive injections of capital into ALL of the major monetary systems. Not just the dollar. The Euro, Yen, Yuan.....you name it. They are all faltering. It is no longer the beginning of the end. It is the end of the end.

Within 10 minutes of Bernanke's remarks from Jackson Hole, Wyoming, silver jumped $1/oz. $1 in 10 minutes! Just from this jerk-wad "hinting" at QE3. Don't get me wrong, I want silver to go up....WAY UP!!!! But for one person to have that much sway in the markets is a very bad thing.

BTW- silver closed Friday @ $31.74/oz. Up $1.31 on the day. Also........up about $4 for the month of August.

Here is a detailed chart, mapping silver prices for the month of August-

http://www.kitco.com/scripts/hist_charts/monthly_graphs.plx
(link may not work-You may have to click some options to get the chart-Historical charts-Silver-August 2012-View charts) It's more simple than it sounds. ^_^

I made quite a sizable purchase of silver on August 11th. I paid $28.06/oz. All in anticipation for QE3. It's inevitable. It's still not too late to buy! I expect silver to be pushing $40/oz by the end of the year.
Title: Re: SILVER PRICE RISING AGAIN!
Post by: sharp_shepherd on September 07, 2012, 09:34:13 am
If you look at the Fed's balance sheet they are "printing" again already and just haven't come out and openly said it.  It's those of us who watch the balance sheet that can jump the market one way or the other.  It's not always a guarantee when things are economically great but when we think another round of QE is coming then it's time to start watching closely and catch the ride early.

But it isn't the balance sheet or the prospect of QE3 coming....it's the fact that the U.S. just passed $16,000,000,000,000.00 in debt and when you take all those into account then the time to buy is now.  It has nothing to do with people "trading" or buying into the market.  If you look at the volume of trades it hasn't done much and wont until October as August and September as always very slow.
Title: Re: SILVER PRICE RISING AGAIN!
Post by: hangman on September 07, 2012, 04:08:46 pm
Afew years ago I started buying silver and gold. Karen was furious and wouldn't thaw for a few days. Anyhow, we cashed out a couple of CDs recently and was wondering what to invest that money in. Karen said"lets buy more silver." I looked at her funny and she said I'd been right since the last silver I bought was $12.50 oz.
Title: Re: SILVER PRICE RISING AGAIN!
Post by: DiabloLoco on September 07, 2012, 04:11:26 pm
Silver up about $1 today on "easing" speculation. Buy now, before it's too late!
Title: Re: SILVER PRICE RISING AGAIN!
Post by: DiabloLoco on March 17, 2013, 05:23:10 pm
Watch for big moves in gold and silver this week.


*note*

I have decided to refrain from posting too often from now on. I will still read everything, but regret to say that I will be posting in threads regarding the economy and markets only. Time is getting increasingly short, and I'm finding that my OPSEC alarm has been BLARING very loudly lately.

Thx,
DL :threvil:
Title: Re: SILVER PRICE RISING AGAIN!
Post by: FDD on April 12, 2013, 05:25:42 pm
Saw that Silver was down a little, and it being payday, went to my local coin shop to get some.
while there, I overheard people talking about some new law that congress is working over.
That would track what people bought and sold in metals.
That the metals dealers would have to keep records of who was buying/selling and how much.
plus there was going to be a limit of $1000 a year, both buying and selling.

Has anyone else heard about this?

Dawg
Title: Re: SILVER PRICE RISING AGAIN!
Post by: MamaLiberty on April 13, 2013, 05:42:57 am
Has anyone else heard about this?

Dawg

No, hadn't hear about that, but it's no surprise. Just means the dealers will go underground or go out of business, I suspect.
Title: Re: SILVER PRICE RISING AGAIN!
Post by: gunslinger598 on April 13, 2013, 09:14:43 am
I've heard a couple times now of dealers wanting ID & recording the sale. Most folks just move on.

Usually though when things like this start happening it's a sign of what's to  come.

Another good reason to get  what ya can, while ya can.
Title: Re: SILVER PRICE RISING AGAIN!
Post by: DiabloLoco on April 15, 2013, 10:34:36 am
This post is for "Silver".

Silver-

Just wondering if you could give your thoughts about the current plunge in the gold/silver markets. Causes? Effects? etc.....

I value your opinions/thoughts/advice on such matters. I have done a lot of my own research, but you often find information that I haven't seen yet and sometimes give a viewpoint that I have not yet considered.


Thx,
DL
Title: Re: SILVER PRICE RISING AGAIN!
Post by: Silver on April 15, 2013, 09:32:25 pm
Just wondering if you could give your thoughts about the current plunge in the gold/silver markets. Causes? Effects? etc.....

Thank you for the compliments.

I'm not sure of the cause.  Paul Craig Roberts, no fool, points to the fed.
The Assault on Gold (http://www.paulcraigroberts.org/2013/04/04/the-assault-on-gold-paul-craig-roberts/)
Assault on Gold Update (http://www.paulcraigroberts.org/2013/04/13/assault-on-gold-update-paul-craig-roberts/)

The circumstantial evidence is certainly compelling.  The fed has strong motives, ample means, and multiple opportunities.  The evidence is thin, but these are people who are adept at hiding their tracks.  I find Roberts's thesis plausible.

The fundamental economics are compelling.  They are stronger for gold and silver than ever.  The fed is creating $1 trillion (with a T) new dollars annually.  If they were to stop, the stock and bond markets would implode in a matter of days, weeks at the outside.  The economic recovery is a hallucination, as anyone who walks and talks in the real world can see.  The stock market is peaking precisely because the fed has jammed a huge firehose of money into an unmentionable orifice and is pumping furiously.  Nearly all federal spending is based on printed/created money, with tax receipts much less than half of expenditures. 

The printing presses burned out a long time ago, now the money must be created by bits alone. Paper and ink are too slow.

Cyprus sends a message that only dunces will ignore.  The precedent has been set.  It is only a matter of time until US bank accounts are harvested in the same fashion.  The banks in Cyprus were closed for 2 weeks, and when opened would allow only a few hundred per day to be withdrawn. How long would most people last under those restrictions?  How many would fall behind on mortgage, car, and credit card payments?  Does anyone think the creditors will give a pass because of the troubled times?

How much different would one's life be if there was a sack of silver quarters stowed safely to hand?

None of these things suggest a valid reason for gold and silver prices to tumble.  There are some technical excuses, mostly variations on the theme that large funds must sell when the price is falling. 

No matter the cause, I view this as an opportunity to buy.  If someone wanted to buy gold and silver a few months ago, but thought they were too expensive, what is the excuse now?  If the purchase isn't made after the price drops, will it be made when the price rises?

If the market is being manipulated, it is done with paper contracts, naked short selling.  Small fry can take advantage of this to buy physical gold and silver bullion coins, and taking delivery.  Store the metal in a safe place.  That's all.  Trade paper and/or digital bits for physical metal. 

Do it while it is still possible.

As for effects, I expect the truly wealthy nations (those that produce more than they consume) to start loading up on gold.  I expect small buyers all over the planet to buy until the shelves as empty as the ammo aisle at Walmart stores are today. 

I expect the truly wealthy nations to move away from the dollar.  When and how, I don't know, but they would be fools to allow the fed to manipulate their trade, and these are not fools.

I expect the price of gold and silver to go roaring back up.  I just can't say when.  It might be tomorrow, it might be months from now.  I doubt it will be years from now.

Doug Casey says that the price of gold isn't going to the sky, it is going to the moon.  I think he is right. I suspect we are in that calm period just before the final countdown begins.  Once the rocket is launched, it is too late to buy a ticket.  If you want to ride, this may be the last chance.

FWIW, I've bought gold, and silver, and gold stocks.  I've been hammered, on paper, of late.   I sleep well. The metal is safe.  The stocks were speculative bets, I can afford to lose them all, though of course I would rather not.  I'm not buying now, because I spent my money when the price fell to $1500.  If I had more to spend, I would be buying more now.

I hedge my bets. Not all of my wealth is in gold.  I diversify.  Everyone should.  The question is not whether you should own gold and silver, but what fraction of your total wealth should be in precious metals.  That is a question that every one has to answer for themselves.

Peace,

Silver

Title: Re: SILVER PRICE RISING AGAIN!
Post by: da gooch on April 15, 2013, 10:31:37 pm
Quote
Silver-

Just wondering if you could give your thoughts about the current plunge in the gold/silver markets. Causes? Effects? etc.....

I value your opinions/thoughts/advice on such matters. I have done a lot of my own research, but you often find information that I haven't seen yet and sometimes give a viewpoint that I have not yet considered.


Thx,
DL

Yep What DL said.
Especially this part = "I value your opinions/thoughts/advice on such matters."


Quote
"I hedge my bets. Not all of my wealth is in gold.  I diversify.  Everyone should.  The question is not whether you should own gold and silver, but what fraction of your total wealth should be in precious metals.  That is a question that every one has to answer for themselves."

Approximately 60% ... "junk silver".
Too much?
I am considering it my "Retirement Account" with the Mattress Bank and Savings.
[I have never been able to afford any gold other than what jewelry I happen across in yard sales and so forth.]
Most of the rest is actual possessions.
My frns are about 5% or less. [Usually a lot less.]

Thanks again for your educated opinions and well considered suggestions.
Title: Re: SILVER PRICE RISING AGAIN!
Post by: DiabloLoco on April 16, 2013, 05:59:26 am
Just wondering if you could give your thoughts about the current plunge in the gold/silver markets. Causes? Effects? etc.....

Thank you for the compliments.


No problem. I give credit where credit is due. Have you yet considered the ramifications of the massive landslide in that mine in Utah? At least 10% of the silver market evaporated. It seems that there should be an upswing in metals. I mean with the supply shrinking by that much overnight?!?
Title: Re: SILVER PRICE RISING AGAIN!
Post by: Silver on April 16, 2013, 09:19:59 am
I have no idea how the market price of silver will react to the mine disaster.  The market prices are already doing things I don't understand.

If this had happened at a gold mine, the expected result would be: nothing.  Nearly all the gold ever mined can be accounted for.  The world stockpile increases about 1% a year.  So even if a mega-mine was wiped out and took 10% of the new supply off the market,  the world supply would grow only 0.9% instead of 1% that year. 

Silver is different than gold, with industrial uses a much larger portion of the total demand.  This  means that the demand for silver is better correlated with industrial activity than is gold demand.  Silver is also consumed, reacted chemically and/or dispersed so finely that it is no longer possible to economically recover it.  The above-ground stocks of silver are not as big as gold, because the gold stock represents 10,000 years of effort, while the silver stock is largely consumed as fast as it is mined.

Even if the market prices were behaving in ways that I thought I understood, it would be tough to predict the effect of a major mine closure on silver prices.  With the price action so contrary to logic and history, there really is no telling what will happen.

Peace,

Silver
Title: Re: SILVER PRICE RISING AGAIN!
Post by: hangman on April 16, 2013, 11:41:02 am
An interesting developement.
http://projectmindwake.blogspot.co.uk/2013/04/was-boston-bombing-cover-story-us.html

Was The Boston Bombing A Cover Story? US Silver Wholesale Suppliers Sell Out Of ALL Physical Silver On SAME DAY!

100 Years Worth Of Silver Sold In
ONE DAY!
Title: Re: SILVER PRICE RISING AGAIN!
Post by: DiabloLoco on April 16, 2013, 12:25:05 pm
Here is a link to the story about that mine disaster- http://silverdoctors.com/10-of-us-annual-silver-supply-just-vaporized/

Click the link for pictures of the slide.

16% OF US ANNUAL SILVER SUPPLY JUST VAPORIZED…

Quote
5 million ounces of annual silver supply and 500,000 ounces of annual gold supply have just been vaporized landslided.
Rio Tinto’s Kennecott mine in Utah- the US’ 2nd largest silver mine and world’s largest copper mine has just suffered a massive landslide which will likely shut down production at the mine for years as upwards of 1 billion tons of dirt and ore have collapsed into the basin.
16% of US annual silver production just vanished.  Good thing there aren’t any physical supply issues in silver currently or anything…

Kennecott Utah Copper’s Bingham Canyon Mine pit wall slide
At 9.30 pm local time on 10 April 2013, Kennecott Utah Copper’s Bingham Canyon Mine experienced a slide along a geotechnical fault line of its north eastern wall.  Movement on the north eastern wall had accelerated in recent weeks and pre-emptive measures were taken to relocate facilities and roads prior to the slide.  All employees are safe and accounted for.
Mine operations are currently suspended while experts assess the extent of the slide and impact on operations.

About the Mine…
* Kennecott’s Bingham Canyon Mine has produced more copper than any mine in history – about 18.1 million tons.
* The mine is 2-3/4 miles across at the top and 3/4 of a mile deep. You could stack two Sears Towers (now known as the Willis Building) on top of each other and still not reach the top of the mine.
* The mine is so big, it can be seen by the space shuttle astronauts as they pass over the United States.
* By 2015, the mine will be at least 500 feet deeper than it is now.
* If you stretched out all the roads in the open pit mine, you’d have 500 miles of roadway – enough to reach from Salt Lake City to Denver.
Title: Re: SILVER PRICE RISING AGAIN!
Post by: FDD on April 16, 2013, 04:36:45 pm
Went to the coin shop to get more.
they did not have many rounds left, but I was able to get what I wanted.
was told that the refiners are just making the 10 oz and 100 oz bars for now.
that rounds may start back up in a couple of months.

Dawg
Title: Re: SILVER PRICE RISING AGAIN!
Post by: DiabloLoco on April 16, 2013, 05:34:07 pm
Went to the coin shop to get more.
they did not have many rounds left, but I was able to get what I wanted.
was told that the refiners are just making the 10 oz and 100 oz bars for now.
that rounds may start back up in a couple of months.

Dawg
If you don't mind me asking.....What was the premium above spot? From what I have seen recently, there seems to be a major disconnect between the spot price and what a person can actually get the physical metal for (true market value). One ounce bars and coins are still selling on Ebay for $32-$36 each, but the spot price is a little over $23/oz.

THAT'S A BIG DIFFERENCE!!!
Title: Re: SILVER PRICE RISING AGAIN!
Post by: FDD on April 16, 2013, 06:19:36 pm
Went to the coin shop to get more.
they did not have many rounds left, but I was able to get what I wanted.
was told that the refiners are just making the 10 oz and 100 oz bars for now.
that rounds may start back up in a couple of months.

Dawg
If you don't mind me asking.....What was the premium above spot? From what I have seen recently, there seems to be a major disconnect between the spot price and what a person can actually get the physical metal for (true market value). One ounce bars and coins are still selling on Ebay for $32-$36 each, but the spot price is a little over $23/oz.

THAT'S A BIG DIFFERENCE!!!

I got mine at $2.00 over spot, about $25 per round, the 10 oz were going for about $250 per bar
Title: Re: SILVER PRICE RISING AGAIN!
Post by: DiabloLoco on April 16, 2013, 07:22:39 pm
Went to the coin shop to get more.
they did not have many rounds left, but I was able to get what I wanted.
was told that the refiners are just making the 10 oz and 100 oz bars for now.
that rounds may start back up in a couple of months.

Dawg
If you don't mind me asking.....What was the premium above spot? From what I have seen recently, there seems to be a major disconnect between the spot price and what a person can actually get the physical metal for (true market value). One ounce bars and coins are still selling on Ebay for $32-$36 each, but the spot price is a little over $23/oz.

THAT'S A BIG DIFFERENCE!!!

I got mine at $2.00 over spot, about $25 per round, the 10 oz were going for about $250 per bar
Sounds like a good deal!
Title: Re: SILVER PRICE RISING AGAIN!
Post by: MamaLiberty on April 17, 2013, 08:59:05 am
Ok... let me interrupt this thread for a little question. I've wondered this for years, but never have gotten an answer I could understand. I've been told that "spot" is the national (or international) "market" price for the commodity, and that the actual price is based on that - but I don't see how that works or why it is used for metals, any more than anything else.

When I go into a store and buy a bag of beans, or a car part... the price is the price. Now, I may get a discount, and I usually have to pay a tax on some stuff, but the price is the price unless negotiated otherwise.

Why is silver (and gold) different? Why isn't the price the price? I can understand a "commission," or storage fees or whatever. Is this simply another name for a commission or the profit, or?
Title: Re: SILVER PRICE RISING AGAIN!
Post by: Silver on April 17, 2013, 11:41:45 am
If you buy 100 kilo bars, you'll get the spot price.

If you buy a COMEX future for 100 troy ounces, and take delivery, you'll get the spot price you bought at on the day of the trade.  You'll also spend a fair amount on armored car transport, etc. getting the gold out of the vault.

If you buy three kilo bars from Tulving today, you'll pay only $8.95 per ounce over spot.  A single kilo bar (32.15 troy oz) he'll sell it at $9.95 per ounce over spot.  That's a 0.7% markup. 

If you buy 20 1 troy once gold Krugerands from Tulving, you'll pay an extra $34.95 per coin.  Buy 20 2013 gold eagles, and the premium is $63.95 per coin.

Buy a single kruger from goldmasters for $1492.43, about $109 premium to spot.  Gold eagles are $1523.32.  1/10 oz krugers are $160.95 each, about 16% over spot.

It's really no different in principle than corn or beans.  You can find quotes of corn and bean future prices in dollars per bushel, or dollars per ton, but you can't buy a single bushel at that price.  You can buy truckloads or silos full, but if you want just a bushel, you'll pay more than the publicized spot price for that commodity. 

Pretty much all commodities are cheaper when purchased in bulk.

Once in the grocery store, you pay more per pound of beans if you buy single pound bags than if you buy 10, 25, or 50-lb sacks.  You'll pay more for some brands that people want more than others, just as you'll pay for more for eagles than krugers - here in the US. In other countries, prices are different.

The premium you are paying over the published spot price has several components.  It has profit for miners (or farmers) middlemen, and traders.  It has fabrication costs for people who strike coins or make sacks for the beans, and it has transportation costs. 

When you buy 20 oz of gold from Tulving, the shipping is included in the price.  It's really quite remarkable that he can sell a kilo of gold, including secured, insured shipping costs, for only $9.95 per ounce over spot.  One wonders how he makes any money.  Pity that I don't have $45,000 laying about, else I would buy one of those lovely bars!

Peace,

Silver
Title: Re: SILVER PRICE RISING AGAIN!
Post by: Silver on April 17, 2013, 11:45:57 am
US Silver Wholesale Suppliers Sell Out Of ALL Physical Silver On SAME DAY!

100 Years Worth Of Silver Sold In ONE DAY!

I don't believe it.  First, silver sales are private; where did they get their evidence?

Second, Tulving and Goldmasters have silver rounds and silver coins for sale.  Not a lot of variety, supplies of all small denomination PMs have been tight for years.  Nothing new about it.

So I have to call BS. :bs:

I'm not interested in conspiracy theories; I'm interested in the facts of conspiracies.  These claims have been refuted by a trivial fact check.

Peace,

Silver
Title: Re: SILVER PRICE RISING AGAIN!
Post by: MamaLiberty on April 17, 2013, 11:54:17 am
Thanks, Silver... I'll just take your word for it. And I'm glad I don't have to worry about all that stuff when I buy my 50 pound bags of beans, etc. :)
Title: Re: SILVER PRICE RISING AGAIN!
Post by: DiabloLoco on April 17, 2013, 02:41:14 pm
Just to add a bit........ Premiums are also based on availability, and numismatic value is added for certain coins. That can be considered a "premium" as well. Even bars of gold or silver manufactured by certain refineries carry a "premium" over the lessor known ones. A Engelhard or Johnson Matthey bar will cost you more than a Pan America or Sunshine Mint bar, just as a bottle of Pepsi or Coke is more expensive than a store brand, for example. You pay a premium for the "brand name", even though you are getting the same product in the same quantity.
Title: Re: SILVER PRICE RISING AGAIN!
Post by: scorpio on April 29, 2013, 07:05:08 pm
Is $27 an ounce too much? I can get 90 but think that's still around 10% over spot. I can't find physical silver for less. Anybody know who has the best price?
Title: Re: SILVER PRICE RISING AGAIN!
Post by: da gooch on April 29, 2013, 07:29:11 pm
I only use this page as a general gauge of the base price and the rise or fall per day.
YMMV
They do keep it updated pretty well.

From Coinflation dotcom Here. (http://www.coinflation.com/)

Quote
Table based on April 29, 2013 8:23 PM EDT silver prices:
Silver $24.44/oz down -0.08
Title: Re: SILVER PRICE RISING AGAIN!
Post by: DiabloLoco on April 30, 2013, 05:54:00 am
Coinflation also has 3 to 5 interesting articles/day. I visit it daily. Here's an interesting bit of information- Coinflation is actually owned by PCGS (professional coin grading service).
Title: Re: SILVER PRICE RISING AGAIN!
Post by: OLD TIRED RN on May 15, 2013, 09:52:35 pm
For those not well into coin information go to the following ...www.coinflation.com    There is a lot of great information there.

                              Respectfully,

                                 RN
Title: Re: SILVER PRICE RISING AGAIN!
Post by: DiabloLoco on February 17, 2014, 09:22:50 am
Is silver and gold finally breaking out? Silver is $21.80 right now. Up about $2.50/oz since 2/3/14.

(http://www.kitco.com/LFgif/agfeb14.gif)

Gold is up about $75/oz in the same time period.

(http://www.kitco.com/LFgif//aufeb14.gif)
Title: Re: SILVER PRICE RISING AGAIN!
Post by: DiabloLoco on March 26, 2014, 01:36:39 pm
Silver is under $20/oz. again. If you have been waiting for the right time to buy, you might better do it now. (just my opinion. I guarantee NOTHING) :laugh:
Title: Re: SILVER PRICE RISING AGAIN!
Post by: knobster on March 26, 2014, 05:54:23 pm
Silver is under $20/oz. again. If you have been waiting for the right time to buy, you might better do it now. (just my opinion. I guarantee NOTHING) :laugh:

It's always a great time to trade FRN's for silver.  But, I agree that now is an excellent time to buy!
Title: Re: SILVER PRICE RISING AGAIN!
Post by: sharp_shepherd on April 27, 2014, 09:31:06 am
I'm loving the low price of silver.  Time to buy, buy, buy.
Title: Re: SILVER PRICE RISING AGAIN!
Post by: DiabloLoco on June 13, 2014, 02:41:41 pm
It seems that silver is finally on the rise.



I hope that this trend continues!!
Title: Re: SILVER PRICE RISING AGAIN!
Post by: sharp_shepherd on June 24, 2014, 07:44:12 am
It's about dang time.  I been lucky enough to buy quite a bit but still waiting on a delivery from a March order. 
Title: Re: SILVER PRICE RISING AGAIN!
Post by: DiabloLoco on September 19, 2014, 03:34:43 pm
It seems that silver is finally on the rise.

(http://www.kitco.com/images/live/silver.gif)

I hope that this trend continues!!
Well...It didn't continue. :laugh: Less than $18/oz! Holy poop! I wish that I had waited a few weeks. Oh well. I'm long on silver anyways. :mellow: I'll just have to buy some more!
Title: Re: SILVER PRICE RISING AGAIN!
Post by: knobster on September 20, 2014, 08:24:26 am
Perfect time to buy!  But then again, it's always a good time to trade pieces of paper for precious metals.
Title: Re: SILVER PRICE RISING AGAIN!
Post by: Rarick on September 24, 2014, 05:00:29 am
Yes!  I timed it almost right!
Title: Re: SILVER PRICE RISING AGAIN!
Post by: FDD on October 05, 2014, 07:34:00 pm
WOW Silver under $17.00 a oz, and gold under $1200.00 a oz

need to find some money
Title: Re: SILVER PRICE RISING AGAIN!
Post by: DiabloLoco on October 05, 2014, 09:06:54 pm
WOW Silver under $17.00 a oz, and gold under $1200.00 a oz

need to find some money
Yup! You may want to find some currency to obtain the money too!
Title: Re: SILVER PRICE RISING AGAIN!
Post by: Silver on October 06, 2014, 10:23:57 am
PM prices have been falling in part because the US dollar is rising.

This isn't due to strength in the dollar.  The USD index is computed by weighting the exchange rates of several currencies.  From Kitco:
Euro           57.6 %
Japan/yen 13.6 %
UK/pound   11.9 %
Canada/dollar 9.1 %
Sweden/krona 4.2 %
Switzerland/franc 3.6 %

The Euro and the Yen are crashing; together they make up over 70% of the USD index.

The USD index had gone up 12 weeks in a row:
(http://www.321gold.com/editorials/moriarty/moriarty100614/dollar_chart_oct_2014.gif)

Today the USD is dropping, and PM prices are rising.  Nothing goes up forever, and there are a long list of reasons to think the USD will continue its long-term down trend.

So I bought PMs on Friday.  The price promptly fell some more, but I'm not worried.  I turned FRNs into metal, and that is always a good move.

Peace,

Silver
Title: Re: SILVER PRICE RISING AGAIN!
Post by: DiabloLoco on October 06, 2014, 04:39:27 pm

So I bought PMs on Friday.  The price promptly fell some more, but I'm not worried.  I turned FRNs into metal, and that is always a good move.

Peace,

Silver
Yeah... I was regretting not putting off my semi-recent purchases for a month or so. THEN, I remembered that mantra. Better to be a month early, than a day late. :mellow: You can't put a price on piece of mind.
Title: Re: SILVER PRICE RISING AGAIN!
Post by: DiabloLoco on October 24, 2014, 06:08:55 pm
Check this out-

(http://shtfplan.com/wp-content/uploads/2014/10/silver-bullet.jpg)
Mining CEO Proposes: Crush Market Manipulation By Halting Silver Sales: “Would Send Ripples To The Entire System”
http://www.shtfplan.com/headline-news/mining-ceo-proposes-crush-market-manipulation-by-halting-silver-sales-would-send-ripples-to-the-entire-system_10242014

Quote
If we were to suspend production for just one month that would send ripples to the entire system. The supply is already tight. So it would be extremely interesting to see what would happen in a situation like that.



I not only encourage them [silver producers], I would suggest that we all get together and do exactly that. I think it would be a very exciting thing for all the silver companies to form a semi-cartel in a way similar to OPEC. I don’t see why we can’t do that.

I think we all agree that the paper market has no representation for the physical market… and I think it makes sense that we would all work together to sell our product to industry… and I would encourage all of them to pull back our silver.

We should pick a month in 2015 and say ‘We’re going to hold back silver for 30 days’ and see how the silver buyers respond to that.

Hmmmmmm.....Very interesting.....
 :popcorn:
Title: Re: SILVER PRICE RISING AGAIN!
Post by: slidemansailor on October 24, 2014, 11:36:31 pm
Clever, subtle, but I'm onto you DL .... I caught the silver bullet joke along with the sit back and watch, this one could be INTERESTING.  :popcorn:
Title: Re: SILVER PRICE RISING AGAIN!
Post by: DiabloLoco on November 05, 2014, 08:51:28 pm
Silver at $15.37/oz. !!!!!!! HOLY SPIT! What will the bottom be? 15? Will it skyrocket after reaching said bottom? Hmmmmmmm........ I know that it's always good to exchange FRNs for silver, but DAMN! WHAT A BARGAIN!!!!

Edit-

I was just thinking......Uh oh, right? :laugh: TIN-FOIL HAT TIME!!!! :tinfoil: What if this blatant ongoing manipulation is really about trying to force out the little guys. Force these mining companies to consolidate. I mean, it would be much easier to nationalize the mining companies if they were held in fewer hands. The same could be said for banks as well......
Title: Re: SILVER PRICE RISING AGAIN!
Post by: DiabloLoco on November 06, 2014, 03:30:45 pm
Looks like I'm not the only one to see what a great bargain silver is right now. Silver costs anywhere between $17 and $21 to mine, depending on who you ask.

*Breaking Alert: US Mint SOLD OUT of Silver Eagles! 2 Million Coin Surplus Sold in Under 2 Hours!

http://www.silverdoctors.com/breaking-alert-us-mint-sold-out-of-silver-eagles-2-million-coin-surplus-sold-in-under-2-hours/

Quote
It appears that the $15.50 level was the line that broke the camel’s back regarding physical inventories, as physical demand has simply EXPLODED on this morning’s futures dip below $15.20.

At approximately 1pm EST, one of the largest Primary Dealers in the US issued a notice to all purchasers that premiums for ANY PREVIOUSLY PLACED PURCHASES FOR SILVER EAGLES ARE NO LONGER VALID!

The US Mint sold more silver in 2 HOURS this morning, than it did in the ENTIRE MONTH OF JULY!!!

Silver Eagle Sales Climb 87% Higher in October

http://www.silver-phoenix500.com/article/silver-eagle-sales-climb-87-higher-october

(http://www.silver-phoenix500.com/sites/default/files/hamlin110114-2.jpg)
Title: Re: SILVER PRICE RISING AGAIN!
Post by: DiabloLoco on November 07, 2014, 03:15:33 pm
A great article on www.coinflation.com (http://www.coinflation.com) today. It's more for newbs, but it's still interesting. The article explains the forces that are working against the precious metals markets, and the reasoning used for the manipulation.

Silver and Powerful Forces by Gary Christenson

http://deviantinvestor.com/6528/silver-forces/

Quote
Example 1:  When a golfer hits a shot to the green he often yells “sit” as he orders the ball to slow or stop near the flag.  Even professionals indulge in this bit of satisfying self-delusion.  However, the ball responds to powerful forces, such as wind, the undulations of the green, its own momentum, and gravity.

Example 2:  A mother demands that her teenage son clean his room.  Instead he responds to powerful forces, such as testosterone surges, cute girls, and teenage rebellion.

Example 3:  Silver prices surged higher in early 2011 and have collapsed since then in spite of increasing investment demand.  The silver market was responding to powerful forces.  What forces?

Click the link for the real meat of the article.
Title: Re: SILVER PRICE RISING AGAIN!
Post by: DiabloLoco on December 09, 2014, 02:27:33 pm
(http://www.flamencoexport.com/photo/productos&2Fadhesivos&2Ftoroplateado/329x252/San-Fermin-Bull-silhouette-silver-%E2%80%93-sticker.jpg)

Silver and gold are on the upswing again.

Silver-$17
Gold-$1228
Title: Re: SILVER PRICE RISING AGAIN!
Post by: Rarick on December 09, 2014, 09:41:29 pm
38million at 17$ (a nice floor value) Hmmmmmm.  Serious assets of some folks are tied up.  What price did silver hit back in the 70's?  60$(?). very interesting.  Another iron heating in the fire..........I think I need to take up juggling. A 1.2 billion dollar upside just based on 1 year of production?  Chump change for governments but a serious gault gulch for you and me if a serious chunk of that can be caught.

Of course huge speculation there........like drilling for oil in Pensylvannia was back in the day.
Title: Re: SILVER PRICE RISING AGAIN!
Post by: Silver on January 15, 2015, 07:30:31 pm
It looks like $15.50 may have been a bottom.  It's been going up since December 23, as has gold.

Silver was last trading below $16 in 2009, then shot up to almost $50 in 2011.  I've thought for some time that 2015 might a very interesting year for silver, gold, and fiat money of all kinds.  We shall see.

Peace,

Silver
Title: Re: SILVER PRICE RISING AGAIN!
Post by: DiabloLoco on April 19, 2016, 08:03:06 pm
Silver jumped quite a bit today. About $17/oz right now. Seems that the gold/silver ratio is correcting itself somewhat. :mellow:
Title: Re: SILVER PRICE RISING AGAIN!
Post by: Jake on April 21, 2016, 12:21:30 am
Silver jumped quite a bit today. About $17/oz right now. Seems that the gold/silver ratio is correcting itself somewhat. :mellow:

if you are like, you buy some junk silver and go through it to find the walking or standing liberty coins. . .thinking that someone may have missed one good one.
Title: Re: SILVER PRICE RISING AGAIN!
Post by: DiabloLoco on April 21, 2016, 05:19:54 am
Silver jumped 44 cents last night!


Jake- No....I get 1/2 dollar rolls from the bank and go through them. If I told you what I have found over the years, you wouldn't believe me. :laugh:
Title: Re: SILVER PRICE RISING AGAIN!
Post by: Byte Me on April 21, 2016, 12:36:34 pm
Coin roll hunting looks like a lot of fun.  Seems like a great avenue for people into coin collecting.  Doesn't look like the way to a fortune these days but there is that 'what if' factor. 
Title: Re: SILVER PRICE RISING AGAIN!
Post by: DiabloLoco on April 21, 2016, 03:44:41 pm
Coin roll hunting looks like a lot of fun.  Seems like a great avenue for people into coin collecting.  Doesn't look like the way to a fortune these days but there is that 'what if' factor.
The best thing about roll hunting is that it doesn't cost you anything except time. If you don't find anything you want to keep, put the coins back into the roll and try again! :laugh:

I once got a $1000 bag of half dollars to go through. I found twelve 90% halves and thirty 40% halves. I rolled the rest and turned them back in. So.....The coins I kept were obtained for face value. Can't beat that!!
Title: Re: SILVER PRICE RISING AGAIN!
Post by: Jake on April 26, 2016, 11:08:17 am
Since the first of this year:
Silver up 21.7%
Gold up 14.5%
(4/22/16)
Title: Re: SILVER PRICE RISING AGAIN!
Post by: DiabloLoco on April 29, 2016, 04:07:49 pm
Silver sure has been rising THIS week! Holy poop! Up to $17.87 as I write this post. :mellow:
Title: Re: SILVER PRICE RISING AGAIN!
Post by: Jake on April 30, 2016, 12:48:16 am
(http://)
Title: Re: SILVER PRICE RISING AGAIN!
Post by: Rarick on May 09, 2016, 02:53:57 am
YESSSS!  I hope they are done manipulating the price downwards though.  Another boom bust rich property I was told to clean out had a bag of 1 OZ rounds.  If the prices get good enough I may sell off one of my junk silver bags.  The cash could then go toward something to earn some money.

Title: Re: SILVER PRICE RISING AGAIN!
Post by: DiabloLoco on June 30, 2016, 08:39:06 pm
Silver is up to $18.89 and counting!  :popcorn:
Title: Re: SILVER PRICE RISING AGAIN!
Post by: DiabloLoco on July 01, 2016, 05:04:00 am
And it's STILL on the upswing! $19.22 as of 6am EST. :thrshocker:
Title: Re: SILVER PRICE RISING AGAIN!
Post by: slidemansailor on July 01, 2016, 09:29:26 am
The central banksters have been playing Whack-A-Mole with gold and silver prices for many years. One day they will lose control. 

I thought they had five years ago when it ramped up to fifty bucks an ounce and you had a hard time getting the real stuff even at that price. But they put bigger hammers to work because they weren't ready to let it go then ... something else wasn't in place yet.

While seeing our silver coin collection value skyrocket is heady stuff, if it really takes off in an unstoppable way, that will be a sign that some really ugly stuff will be happening as well.
Title: Re: SILVER PRICE RISING AGAIN!
Post by: DiabloLoco on July 01, 2016, 01:55:56 pm
The central banksters have been playing Whack-A-Mole with gold and silver prices for many years. One day they will lose control. 

I thought they had five years ago when it ramped up to fifty bucks an ounce and you had a hard time getting the real stuff even at that price. But they put bigger hammers to work because they weren't ready to let it go then ... something else wasn't in place yet.

While seeing our silver coin collection value skyrocket is heady stuff, if it really takes off in an unstoppable way, that will be a sign that some really ugly stuff will be happening as well.
Agreed........

BTW, it's up to $19.68 right now. :popcorn:
Title: Re: SILVER PRICE RISING AGAIN!
Post by: FDD on July 01, 2016, 07:45:10 pm
As of 6:45pm MT silver is $19.89
gold is $1346.10
platinum is $1065.25
palladium is $613.30
Title: Re: SILVER PRICE RISING AGAIN!
Post by: Jake on July 18, 2016, 12:11:50 am
$20
Title: ???????????
Post by: casca-503 on July 18, 2016, 09:16:52 pm
okaty
Title: Re: SILVER PRICE RISING AGAIN!
Post by: DiabloLoco on July 19, 2016, 05:16:29 am
lead  & aluminum = $.30   per pound....zinc = $.30 per pound...... brass = $1.00  per pound.....#2   copper  { dirty,  with  solder  on it  ]  $1.30  per pound.....clean  #1 copper   =  $1.65 per pound.....have   been cleaning  up yard   & shed.....  =   $$$$   for  Dawg   biscuits....powder....&   primers....when I can find them..../     can't   afford    silver   or gold....
I am stockpiling aluminum. I refuse to sell it for less than $.50/lb. Pretty sure that I have at least 1500 lbs. of it behind my garage. The prices will go back up. :mellow:
Title: Re: SILVER PRICE RISING AGAIN!
Post by: FDD on July 19, 2016, 06:55:13 am
the PTB here in Casper has people just turning in Aluminum for free, just to recycle it.
Title: Re: SILVER PRICE RISING AGAIN!
Post by: Tahn L. on July 19, 2016, 12:39:15 pm
the PTB here in Casper has people just turning in Aluminum for free, just to recycle it.
If there is no monetary advantage in recycling it at this time, I would suggest mashing it flat and storing it against a time when there was an advantage, either in selling or using.
Title: Re: SILVER PRICE RISING AGAIN!
Post by: FDD on July 19, 2016, 04:27:07 pm
the PTB here in Casper has people just turning in Aluminum for free, just to recycle it.
If there is no monetary advantage in recycling it at this time, I would suggest mashing it flat and storing it against a time when there was an advantage, either in selling or using.

Oh I am saving it, testing what kind of bullets they make. not the best, but they work in a pinch.
Title: Re: SILVER PRICE RISING AGAIN!
Post by: FDD on August 29, 2016, 09:40:05 am
On some of the Silver web sites, they talk about IRA Approved items.

Is this just another way to track who has what?
Title: Re: SILVER PRICE RISING AGAIN!
Post by: DiabloLoco on August 29, 2016, 03:12:35 pm
On some of the Silver web sites, they talk about IRA Approved items.

Is this just another way to track who has what?
Short answer......yes AND no. "Silver" (the person) is the guy to ask about that kind of thing. A shame that he doesn't come around here anymore. He IS however, in charge of Money/Commerce/Taxation stuff at Claire's new place. I plan on getting in on that soon. I have a few unexpected expenses to take care of first. :angry:

Now......I am no expert, but my opinion is that the more assets that you own that Uncle Sam doesn't know about, the better. TPTB can't confiscate what they don't know about. Better to keep such things hidden. I have posted many suggestions here at TMM on how to do that. If you poke around a bit, you'll find them. :mellow:
Title: Re: SILVER PRICE RISING AGAIN!
Post by: FDD on August 29, 2016, 04:13:45 pm
DL, I understand, I like to use the web to check prices, before I go shopping.
a little knowledge goes a long way.
Title: Re: SILVER PRICE RISING AGAIN!
Post by: DiabloLoco on August 29, 2016, 04:15:52 pm
DL, I understand, I like to use the web to check prices, before I go shopping.
a little knowledge goes a long way.
Yes, it does. BUT.........a little knowledge can also be dangerous. It depends on how specialized you get. Don't get complacent. Keep learning. :thumbsup:
Title: Re: SILVER PRICE RISING AGAIN!
Post by: FDD on August 29, 2016, 04:17:02 pm
every 1/10 adds up  :ph34r:
Title: Re: SILVER PRICE RISING AGAIN!
Post by: Tahn L. on August 29, 2016, 04:19:44 pm

Now......I am no expert, but my opinion is that the more assets that you own that Uncle Sam doesn't know about, the better. TPTB can't confiscate what they don't know about. Better to keep such things hidden. I have posted many suggestions here at TMM on how to do that. If you poke around a bit, you'll find them. :mellow:

I agree with keeping Uncle out of and ignorant of your stash. I have so little I keep it in my BOB. This is a neat little item I'm sure all Uncles agents have as they are only 200 frn retail;. Great for remodeling also. http://walabot.com/diy
Title: Re: SILVER PRICE RISING AGAIN!
Post by: DiabloLoco on August 29, 2016, 04:20:49 pm
every 1/10 adds up  :ph34r:
I hope that you buy more than just gold. IMHO, the proper silver to gold ratio is around 100:1.

100ozs of silver for every 1oz of gold.

Of course, that's just my opinion. YMMV.
Title: Re: SILVER PRICE RISING AGAIN!
Post by: DiabloLoco on August 29, 2016, 04:23:51 pm

Now......I am no expert, but my opinion is that the more assets that you own that Uncle Sam doesn't know about, the better. TPTB can't confiscate what they don't know about. Better to keep such things hidden. I have posted many suggestions here at TMM on how to do that. If you poke around a bit, you'll find them. :mellow:

I agree with keeping Uncle out of and ignorant of your stash. I have so little I keep it in my BOB. This is a neat little item I'm sure all Uncles agents have as they are only 200 frn retail;. Great for remodeling also. http://walabot.com/diy
Who hides PMs in the wall? :laugh:

There are a crap-load of more creative hiding places. Don't ask me to share though. I ain't tellin'. :ph34r:
Title: Re: SILVER PRICE RISING AGAIN!
Post by: FDD on August 29, 2016, 04:52:53 pm
every 1/10 adds up  :ph34r:
I hope that you buy more than just gold. IMHO, the proper silver to gold ratio is around 100:1.

100ozs of silver for every 1oz of gold.

Of course, that's just my opinion. YMMV.

 :mellow: :ph34r:
Title: Re: SILVER PRICE RISING AGAIN!
Post by: DiabloLoco on September 06, 2016, 03:08:28 pm
Silver is back up over $20/oz again. Up 54 cents today.
Title: Re: SILVER PRICE RISING AGAIN!
Post by: ZooT_aLLures on April 20, 2018, 11:35:27 am
recently I've stared buying up some small lots of 1 gram .999 fine silver coins.
The price is astronomical relative to the "spot" price on silver.
I've also been buying up a little bit of gold.(a few 1 gram bars)
The reason why I'm paying that high price on the silver is because those 1 gram coins are "usable" for making everyday purchases in the event of a financial collapse.
They 'might" make good dollar coins, after a collapse.
One dollars worth of gold on the other hand would be smaller than a pinhead and not very handy going in or out of ones pocket.
Gold is great for large purchases, or savings, but silver rules as pocket change
I figure if there's a collapse, I'll have a little bit of metal money to buy stuff with, and if there's no collapse I can leave em' to the ole' lady when I croak, or dump em' when spot gets higher than what i paid for them.
I can buy .999 fine silver shot much cheaper, but those pieces of shot aren't of any defined weight, and are unmarked, and thus not usable as money without a scale and potentially an assay to prove their purity.
Title: Re: SILVER PRICE RISING AGAIN!
Post by: Bill St. Clair on April 21, 2018, 09:16:05 am
recently I've stared buying up some small lots of 1 gram .999 fine silver coins.

Before I sold them because I was short on cash, I had a big bag of silver dimes. They are 2.25 grams of silver apiece, or about $1.25 at today's $17.35/ounce price. They were the smallest silver coin in circulation for many years. Apmex is selling them for $1.28 apiece, for $100 bags, and not much more for smaller quantities, which is an amazing deal. https://www.apmex.com/category/25830/90-silver-rolls-bags-generic