Warning Fools! Silver Will Fall by 66%

[CaptainAmerica]

I don't really care if it "falls" right now, the value of silver is in its conductivity,malleability , brazing ability, it is a useful metal all around and for that a good bartering resource to hold onto

 

[William Tell]

I don't really care if it "falls" right now, the value of silver is in its conductivity,malleability , brazing ability, it is a useful metal all around and for that a good bartering resource to hold onto

I care, I wanna buy a bunch at $4.00 oz

 

[WillieKamm]

He took a lot of heat and he was right. For the moment it looks like there is no floor for silver. Some will still beat the drum for Weimar/Zimbabwe style hyper inflation. As for me, I've learned my lesson. I still have my metals and will keep them but do not look for PMs to be mine, yours or anyone's savior if and when TSHTF.

 

[Peter4Paul2016]

Not sure the benefit of putting silver into a IRA. I don't plan on reporting any gains to the IRS in the first place if we are talking about a ROTH and I would rather the IRS not know about the existence of my PM stash if we are talking about a traditional.

When you hold a gold IRA, the metals are held in a self-directed IRA. The IRS does not know details of what you're holding in the self-directed IRA. They would only know the total value...

 

[Peter4Paul2016]

Silver's @ $17 right now... http://goldsilverinvestments.net/real-time-precious-metal-prices/

 

[Seraphim]

As a matter of fact, Brian - I am looking into making my single largest purchase ever (silver).

 

[Seraphim]

Unfortunately in my area (Toronto and surrounding area) many silver products are sold out and the others have huge premiums. It seems a lot of people are buying these prices.

 

[oyarde]

Unfortunately in my area (Toronto and surrounding area) many silver products are sold out and the others have huge premiums. It seems a lot of people are buying these prices.

I have been able to get some 90 % locally in dimes and halves for spot , but , yeah , Eagles and dollars have a premium.

 

[Tod]

this guy is saying basically the same thing Harvey Organ said on Greg's show not too long ago.....that the physical metal shortage will come to a head by year's end.

 

[jmdrake]

He took a lot of heat and he was right. For the moment it looks like there is no floor for silver. Some will still beat the drum for Weimar/Zimbabwe style hyper inflation. As for me, I've learned my lesson. I still have my metals and will keep them but do not look for PMs to be mine, yours or anyone's savior if and when TSHTF.

Somebody unban him already!

 

[Brian4Liberty]

As a matter of fact, Brian - I am looking into making my single largest purchase ever (silver).

Unfortunately in my area (Toronto and surrounding area) many silver products are sold out and the others have huge premiums. It seems a lot of people are buying these prices.

Ever buy online? They seem to have stock, premium is about the same as usual.

An example:
https://www.amagimetals.com/silver/coins

 

[TheCount]

this guy is saying basically the same thing Harvey Organ said on Greg's show not too long ago.....that the physical metal shortage will come to a head by year's end.

The same argument that's been made since about 2009. Still hasn't happened.

 

[Brian4Liberty]

this guy is saying basically the same thing Harvey Organ said on Greg's show not too long ago.....that the physical metal shortage will come to a head by year's end.

The same argument that's been made since about 2009. Still hasn't happened.

The interesting part of this debate is the fact that the government is the producer of the product (silver coins) in question. Silver Eagles and Maple Leafs are the coins of choice, produced by government. If they could manipulate the paper price, they could also manipulate the physical prices, as long as they can produce enough coins. If it were pure manipulation, and as long as they had a physical silver supply, they can charge any price they want, even flood the market at a loss.

And another option is unthinkable...are they manipulating the content of their coins? It would be incredibly easy and inexpensive for an independent assay of a Silver Eagle. Does anyone do that regularly?

And then there is the option that there is plenty of physical silver, and they can produce enough Eagles to meet demand forever.

 

[Zippyjuan]

Coins account for only a small percent of global silver demand. When the US Mint needs metal for coins, it buys it on the market and adds a profit margin from that cost plus their production costs. They react to the world price of silver (and gold). They don't determine it.

https://www.silverinstitute.org/site/supply-demand/silver-demand/

 

[Chester Copperpot]

Coins account for only a small percent of global silver demand. When the US Mint needs metal for coins, it buys it on the market and adds a profit margin from that cost plus their production costs. They react to the world price of silver (and gold). They don't determine it.

https://www.silverinstitute.org/site/supply-demand/silver-demand/

Theyre committing fraud by selling a $1 silver coin for anything more than $1.

They should make the face amount $20, or $50. Something more in line with reality.

 

[TheCount]

The interesting part of this debate is the fact that the government is the producer of the product (silver coins) in question. Silver Eagles and Maple Leafs are the coins of choice, produced by government. If they could manipulate the paper price, they could also manipulate the physical prices, as long as they can produce enough coins. If it were pure manipulation, and as long as they had a physical silver supply, they can charge any price they want, even flood the market at a loss.

The question being, of course, why?


Also, lots of things are possible, but not likely or actually happening.

 

[reduen]

Question is, can silver ever really be worth nothing? For me the answer is no....

 

[Zippyjuan]

Will it be worth nothing? Probably not. Can it be worth less than it is now? Yes, it can. Or it can be worth more. Nobody can be sure.

 

[acptulsa]

Will it be worth nothing? Probably not. Can it be worth less than it is now? Yes, it can. Or it can be worth more. Nobody can be sure.

Will the Federal Reserve Note be worth nothing? Maybe. Can it be worth less than it is now? Obviously. Can it be worth more? That would contradict its entire history. On that last one I think we can be sure: No way.

Theoretically the Fed could shut down the presses for a while, and it could gain value. But that will remain a theory because greed rules the banks and the banks own the Fed.

So, which is best? Swimming with the inside trader sharks? Putting your FRNs in the bank and watching them shrink? Or speculating that the Fed Greed will eventually destroy that thing they call the dollar?

Time will tell...

 

[TheCount]

So, which is best? Swimming with the inside trader sharks? Putting your FRNs in the bank and watching them shrink? Or speculating that the Fed Greed will eventually destroy that thing they call the dollar?

Speculating that it could eventually happen and saying that it will definitely happen SOON are two completely different things.

Likewise, EVENTUALLY the United States will no longer exist in their current form. That's absolute, given an infinite amount of time. Planning for it to happen this year is not going to be profitable for you.