#silversqueeze

[CaptUSA]

Those premiums are insane! I'm glad I stacked when I did.

I view silver as my SHTF insurance policy. I'd rather let the dust settle on these games before I make any big moves.

 

[sam1952]

Im not selling any physical bullion. Thursday I did trade 3 oz of palladium and $650 for 2 oz gold and 3 oz platinum.

 

[oyarde]

I just bought some Phoenixes, krugerrands, brittanias and cook island bounties for $38 in a frenzy. About an hour later they were down to 35-36 on JM bullion. Bought some AG and PSLV this morning as well, down an average of 8%. Slightly disappointed in my lack of patience and self control, caught up in the frenzy, hindsight is 20/20. All my other investments are up though so can't complain. Ill be sitting on it for another 3-10 years anyways, might as well just forget about it.

Upstate raised the AU Morgan price to 42 and are now buying at 39 1/4 . Crazy how fast that jumps when there are none out there and there is demand. They and Apmex are out of Eagles .

 

[RJB]

Those premiums are insane! I'm glad I stacked when I did.

I view silver as my SHTF insurance policy. I'd rather let the dust settle on these games before I make any big moves.

I have a very meager stash and don't have much money to play around with. I more of try to play the ratios. I bought palladium when it was about 1 ounce to 10 of silver. Lately it's been flirting with 1 to 100.

I am pretty short on gold and am hoping that if silver spikes to trade some of it for gold.

 

[fedupinmo]

I have regrets from Saturday...

They had about 3 times this many, and I had the cash...

 

[sparebulb]

I just bought some Phoenixes, krugerrands, brittanias and cook island bounties for $38 in a frenzy.

I bought some eagles forever ago at $38.

That was about the highest I paid last time around.

I didn't love them nearly as much as the $12 ones.

Perhaps they will steal my heart again.

 

[jct74]

 

[TomtheTinker]

Yeah, I am torn. I see silver about to take off. I bought the Palladium when it was around $250 ounce. (I paid $311) That was a a decade ago. I know it can go higher, but I guess we will see.

I paid $420 for the palladium not sure how much spot was at time, Id guess around $380. I just love metals ever since the first time I bought. I've been in hibernation but htis has woken be up big time! Its a tough call, def want to get more Platinum only have a gram lol.

 

[TomtheTinker]

I bought some eagles forever ago at $38.

That was about the highest I paid last time around.

I didn't love them nearly as much as the $12 ones.

Perhaps they will steal my heart again.

Yeah it happens, before recently highest I paid was $25. First metals I bought was a 100 oz bar for $1100. Bought up until $25 spot and called it quits. Sold about 1/5 of my position:/ and lost(maybe stolen, maybe hid it too good) at least 50 oz years ago. Hoping to find it in a wall, going to look soon. Most everything I have is 90%, now Im addicted to the bullion and its expensive as hell.

 

[TomtheTinker]

Upstate raised the AU Morgan price to 42 and are now buying at 39 1/4 . Crazy how fast that jumps when there are none out there and there is demand. They and Apmex are out of Eagles .

I guess I dont feel so bad.

 

[dannno]

 

[Brian4Liberty]

Told a friend about silver last week. He bought futures, sold them today. More than doubled his money.

 

[69360]

Decide not to buy physical or ETF. I have a feeling this is short lived and not going to make any big profit. I don't know what I'm doing maybe I'm wrong.

 

[Brian4Liberty]

There was a huge truth bomb buried in there. The establishment media is not targeting the Reddit/wsb crowd with talk about silver. They are targeting older folks with massive amounts of money on the sidelines. Between the existing PM investors and older folks watching CNBC, silver is going up. And there is a lot more money that can follow, much more than the vast majority of small wsb players have ready to invest (obviously there are some big players in GME too, as I posted earlier).

Many big players hold gold and silver, including Citidel. Silver going up will help many of them, especially if they still need cash to buy GME to cover shorts. But how much can they gain? If their silver holdings double, how much money will they raise?

They are playing with fire. They can spark a huge run-up in silver, with the Reddit people sitting on the sidelines. Silver goes too high, and the Federal Reserve starts to get concerned about a competing currency. Then the establishment will use all of it's power to bring silver back down. Will they resort to shorting and naked shorting silver? Then they will be ripe for the Reddit investors to squeeze them.

At $22/oz, silver was fairly priced. It hasn't gone too far from there yet (at least on paper). Where will it go? In the short term, nobody knows.

Get out your popcorn...

 

[oyarde]

Actually 30 dollar silver seems about right for your inflated , worthless , unbacked , print to infinity FRN's . At that price if there was a supply you could get three ounces for 100.

 

[oyarde]

Decide not to buy physical or ETF. I have a feeling this is short lived and not going to make any big profit. I don't know what I'm doing maybe I'm wrong.

I have been putting away a little since 1964 . I sold enough on the run up under Obama around 27 - 29 that all I had then was free . I've been buying silv 26 and under and gold 1300 and under since they went back down and an occasional small gold coin anywhere under 1900 . 2K gold seems like a bargain as a hedge against a 30K Dow. Where I made money though was buying nice dollars , AU and Unc. Peace Dollars going at 32 now could have been bought at 16 a year ago . Morgan dollars bringing 42 now could have been bought under 36 6 weeks ago .

 

[oyarde]

Metals have a lot of upside within the world and american marxist economic polices

 

[GlennwaldSnowdenAssanged]

I have been putting away a little since 1964 . I sold enough on the run up under Obama around 27 - 29 that all I had then was free . I've been buying silv 26 and under and gold 1300 and under since they went back down and an occasional small gold coin anywhere under 1900 . 2K gold seems like a bargain as a hedge against a 30K Dow. Where I made money though was buying nice dollars , AU and Unc. Peace Dollars going at 32 now could have been bought at 16 a year ago . Morgan dollars bringing 42 now could have been bought under 36 6 weeks ago .

A DOW crash can fix the ratio without gold or silver increasing.

 

[69360]

I have been putting away a little since 1964 . I sold enough on the run up under Obama around 27 - 29 that all I had then was free . I've been buying silv 26 and under and gold 1300 and under since they went back down and an occasional small gold coin anywhere under 1900 . 2K gold seems like a bargain as a hedge against a 30K Dow. Where I made money though was buying nice dollars , AU and Unc. Peace Dollars going at 32 now could have been bought at 16 a year ago . Morgan dollars bringing 42 now could have been bought under 36 6 weeks ago .

Gold and silver are always solid long term investments.

I meant I don't think silver is going to do what GME did in the short term. Not going to $1000 like WSB mentioned or even to $100 I think.

 

[oyarde]

Gold and silver are always solid long term investments.

I meant I don't think silver is going to do what GME did in the short term. Not going to $1000 like WSB mentioned or even to $100 I think.

I cant picture that as well . Not while people are still getting food stamps and unemployment checks and bonuses but it has been undervalued certainly up to now , Gold still is and Platinum has just recently gotten to where it should have been all along so who knows .