Home › Forums › Financial Preparedness › Silver Shortage
- This topic has 7 replies, 4 voices, and was last updated 2 years, 1 month ago by namelus.
January 31, 2021 at 3:59 pm #33145Anonymous
Apparently there’s a National silver shortage. Many sellers have shutdown until Sunday night once markets open.
January 31, 2021 at 5:14 pm #33146TolikParticipant
First Ive heard of it . I notice that the price has gone up recently . It might depend on what people are looking for , and who they go through . I’ve been able to get things easy enough , but because of cost per ounce , I’m paying a lot more for the same round , than I did just 6 months ago . If there is one starting , those that have it are going to have the same dilemma to hold on to it , or sell .
January 31, 2021 at 5:26 pm #33147Anonymous
<p style=”text-align: left;”>Zero Hedge (who I dislike usually) has an article</p>
Look at the headers on SDBullion and Gainesville coins
I’d post links but this forum site is continually blocking me from doing so and or just not letting me post. I’m about over it.
I don’t know much about PMs but thought it might be of interest
January 31, 2021 at 9:52 pm #33171namelusParticipant
They are trying to lure the Robinhood reddit guys into a bloodbath with silver…. they will do same as last time let price rise and to drop it they will print “paper” silver to drop like last time. Only hope is but all the silver solids and hold till the house folds as more silver is needed each year than is produced and is critical for modern world.
February 1, 2021 at 7:20 am #33186Anonymous
Ahhh I see. Trading games. Not folks hitting the panic button on the dollar value dropping and impending inflation.
February 1, 2021 at 8:39 am #33205Crow BarKeymaster
Yeah, this whole thing has to do with the “retail” traders (day traders using Robinhood app for trades) getting back at the big trading boys (hedge funds/banks) and the Gamestop short squeeze.
While some are screaming and yelling about it, others have pointed out, the big boys do that kind of thing on a regular basis. Worst that happens to them is they might have to pay a fine.
Some in MSM are saying this is terrible.
Others say isnt this supposed to be a free market where everyone can play, not just the big boys/1%??
February 1, 2021 at 4:52 pm #33217TolikParticipant
As of today , its almost $30 per oz. I will be holding off buying for a little while . It hit close to that just before the election , then dropped bacl to around $16 . My gut tells me this is another temporary run .
February 2, 2021 at 5:21 am #33232namelusParticipant
@crowbar rules for the and not for me… plus how can you win when banks can go and make money by typing a few 00 into a computer…. you think your mortgage was actual money the bank had not a few numbers typed into a computer and now you pay with real blood sweat and tears for some greedy bastard that gains 2x or more on the fake 00 they typed in over 25 years with zero risk cause even if it goes bad (saving and loan scandals ) they get your money through government bail outs.
ALL STOCKS MARKET is a speculative in nature its rigged and you and i are not in the just us club.
Through expanding and shrinking Money supplies the top bankers will.own everything it’s a numerical certainty over time.
The real reason they want fiat currency and do not want real metal coinage is it’s hard to mess with it and not get caught. If they can scan coins for a vending machine you dont think they could do that for pm coins?
Even without pm coins… in future and in past you can within limits turn a pm into local currency. Every major city has a jewelry district… they buy sell and trade pm and stones.
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