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Pretty much all physical silver is gone

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  • derrybderryb Posts: 36,034 ✭✭✭✭✭

    Far from it.

    If it were truly gone mine would be worth millions.

    The decline from democracy to tyranny is both a natural and inevitable one.

  • rickoricko Posts: 98,724 ✭✭✭✭✭

    I have plenty of silver....Lots of ASE's....Cheers, RickO

  • carew4mecarew4me Posts: 3,461 ✭✭✭✭

    I don't care where we go. This was an awesome event for Silver!!


    Loves me some shiny!
  • drei3reedrei3ree Posts: 3,430 ✭✭✭✭

    @carew4me said:
    I don't care where we go. This was an awesome event for Silver!!

    If you were a seller!

  • morgansforevermorgansforever Posts: 8,426 ✭✭✭✭✭

    You would think that with these prices, PM's should be pouring back into the stream.

    World coins FSHO Hundreds of successful BST transactions U.S. coins FSHO
  • RobMRobM Posts: 528 ✭✭✭

    @morgansforever said:
    You would think that with these prices, PM's should be pouring back into the stream.

    Not exactly..Lots of physical silver now needs to be shipped to new owners. All that supply is tied up and a good bit of it is at the mercy of the USPS. Judging by the fact that greetings cards were still arriving in my mailbox until the 3rd week of January, expect more available silver supply sometime around St. Patrick's day. :D

  • derrybderryb Posts: 36,034 ✭✭✭✭✭
    edited February 2, 2021 7:37PM

    US Mint says PM demand straining its capacity

    Second time in two years.

    There is no silver shortage, simply an availability shortage. All that silver is still out there; stronger hands are simply holding on to it. It is taking higher premiums to pry it from them.

    $20+K ($40 per oz.) for a monster box at APMEX while spot is less than $27.50. It's a good sign for silver when sellers of silver say "up yours" to the COMEX. Who needs Reddit Raiders when the retailers can get more results.

    The decline from democracy to tyranny is both a natural and inevitable one.

  • softparadesoftparade Posts: 9,266 ✭✭✭✭✭

    @derryb said:
    US Mint says PM demand straining its capacity

    Second time in two years.

    There is no silver shortage, simply an availability shortage. All that silver is still out there; stronger hands are simply holding on to it. It is taking higher premiums to pry it from them.

    $20+K ($40 per oz.) for a monster box at APMEX while spot is less than $27.50. It's a good sign for silver when sellers of silver say "up yours" to the COMEX. Who needs Reddit Raiders when the retailers can get more results.

    In other words, keep stacking.

    ISO 1978 Topps Baseball in NM-MT High Grade Raw 3, 100, 103, 302, 347, 376, 416, 466, 481, 487, 509, 534, 540, 554, 579, 580, 622, 642, 673, 724__________________________________________________________________________________________________________________________________ISO 1978 O-Pee-Chee in NM-MT High Grade Raw12, 21, 29, 38, 49, 65, 69, 73, 74, 81, 95, 100, 104, 110, 115, 122, 132, 133, 135, 140, 142, 151, 153, 155, 160, 161, 167, 168, 172, 179, 181, 196, 200, 204, 210, 224, 231, 240

  • blitzdudeblitzdude Posts: 5,303 ✭✭✭✭✭

    @softparade said:

    @derryb said:
    US Mint says PM demand straining its capacity

    Second time in two years.

    There is no silver shortage, simply an availability shortage. All that silver is still out there; stronger hands are simply holding on to it. It is taking higher premiums to pry it from them.

    $20+K ($40 per oz.) for a monster box at APMEX while spot is less than $27.50. It's a good sign for silver when sellers of silver say "up yours" to the COMEX. Who needs Reddit Raiders when the retailers can get more results.

    In other words, keep stacking.

    If the COMEX doesn't have enough physical on hand they simply settle in cash. Used to happen quite frequently. Not so much anymore.

    The whole worlds off its rocker, buy Gold™.

  • derrybderryb Posts: 36,034 ✭✭✭✭✭

    @blitzdude said:

    If the COMEX doesn't have enough physical on hand they simply settle in cash. Used to happen quite frequently. Not so much anymore.

    And they have to pay a premium on that cash to satisfy the buyer who wanted silver bars, especially during a bull market.

    The decline from democracy to tyranny is both a natural and inevitable one.

  • blitzdudeblitzdude Posts: 5,303 ✭✭✭✭✭

    @derryb said:

    @blitzdude said:

    If the COMEX doesn't have enough physical on hand they simply settle in cash. Used to happen quite frequently. Not so much anymore.

    And they have to pay a premium on that cash to satisfy the buyer who wanted silver bars, especially during a bull market.

    But there's that whole thing about cash being unlimited. Now they're even creating them with a couple of binary digits on a computer screen. Crazy world!

    The whole worlds off its rocker, buy Gold™.

  • MsMorrisineMsMorrisine Posts: 32,045 ✭✭✭✭✭

    @derryb said:

    And they have to pay a premium on that cash to satisfy the buyer who wanted silver bars, especially during a bull market.

    that would keep it from imploding....

    Current maintainer of Stone's Master List of Favorite Websites // My BST transactions
  • derrybderryb Posts: 36,034 ✭✭✭✭✭

    @MsMorrisine said:

    @derryb said:

    And they have to pay a premium on that cash to satisfy the buyer who wanted silver bars, especially during a bull market.

    that would keep it from imploding....

    ....until their deep pockets, like their vaults, run dry. But then again a bailout is not such a fantasy.

    The decline from democracy to tyranny is both a natural and inevitable one.

  • HigashiyamaHigashiyama Posts: 2,133 ✭✭✭✭✭

    @blitzdude said: "If the COMEX doesn't have enough physical on hand they simply settle in cash. Used to happen quite frequently. Not so much anymore."

    Do COMEX contracts allow them to settle in cash, even when the contract holder is asking for delivery?

    Higashiyama
  • derrybderryb Posts: 36,034 ✭✭✭✭✭

    not sure, but they have settled in cash in the past.

    The decline from democracy to tyranny is both a natural and inevitable one.

  • BaleyBaley Posts: 22,658 ✭✭✭✭✭

    @blitzdude said:

    @softparade said:

    @derryb said:
    US Mint says PM demand straining its capacity

    Second time in two years.

    There is no silver shortage, simply an availability shortage. All that silver is still out there; stronger hands are simply holding on to it. It is taking higher premiums to pry it from them.

    $20+K ($40 per oz.) for a monster box at APMEX while spot is less than $27.50. It's a good sign for silver when sellers of silver say "up yours" to the COMEX. Who needs Reddit Raiders when the retailers can get more results.

    In other words, keep stacking.

    If the COMEX doesn't have enough physical on hand they simply settle in cash. Used to happen quite frequently. Not so much anymore.

    Don't they settle in collectibles in plastic holders with individual certificates of authenticity?

    Liberty: Parent of Science & Industry

  • DNADaveDNADave Posts: 7,238 ✭✭✭✭✭

    Idk what to take from this. All is folly. Nothing is real. Gimme a 30-06 and a plow and farm. Some real silver money and a truck.
    :). Till then I guess I’ll keep working.

  • HiBuckyHiBucky Posts: 579 ✭✭✭

    Guys .. Keep Buying .. they say there is a lot out there REALLY !!! Maybe they have no better answer then the one you read about.. Just 4 ounces that is all just buy four ounces and maybe we will see a difference in the silver price. If you think these Silver Pigs that work for the largest firms, JP Morgan is one , the pigs are restless in their sleep, they are not sleeping as good as they were last week.. A small difference but a difference..............

  • USASoccerUSASoccer Posts: 445 ✭✭✭

    There is a ton of it on eBay.

  • alexercaalexerca Posts: 243 ✭✭✭

    Yeah, I bought and sold some silver and some coins 16 years ago from ebay, but then ebay got greedy and I got gone!

  • thefinnthefinn Posts: 2,652 ✭✭✭✭✭

    Only bars <1,000 oz. Plenty of industrial around at present.

    thefinn
  • OPAOPA Posts: 17,104 ✭✭✭✭✭

    @derryb said:

    @MsMorrisine said:

    @derryb said:

    And they have to pay a premium on that cash to satisfy the buyer who wanted silver bars, especially during a bull market.

    that would keep it from imploding....

    ....until their deep pockets, like their vaults, run dry. But then again a bailout is not such a fantasy.

    Your tune has a familiar tone....It sounds like the song you played in Jan 2020 expecting imminent collapse of COMEX & Deutsche Bank. Keep playing it, who knows, it may even happen this Century. ;)

    "Bongo drive 1984 Lincoln that looks like old coin dug from ground."
  • mehh price while still elevated has dropped from the peak. I expect normies to unload some of their silver in the coming weeks and months. Especially after that huge hit from GME, AMC losses.

  • AzurescensAzurescens Posts: 2,665 ✭✭✭✭✭

    @derryb said:
    US Mint says PM demand straining its capacity

    Second time in two years.

    There is no silver shortage, simply an availability shortage. All that silver is still out there; stronger hands are simply holding on to it. It is taking higher premiums to pry it from them.

    $20+K ($40 per oz.) for a monster box at APMEX while spot is less than $27.50. It's a good sign for silver when sellers of silver say "up yours" to the COMEX. Who needs Reddit Raiders when the retailers can get more results.

    The silver squeeze was engineered by hedge funds who also launched disinformation and fear campaigns. Even the silver bugs on reddit, the coin guys, and the gold people had no idea what anyone was talking about. There was no sudden surge, or even any inkling of interest outside of hobbyists until the news said there was. Then the onslaught hit.

    It was a blatant attempt to pull money from $GME into an asset these people are professionals at manipulating. There was no "squeeze", but the fear of promoting one caused a huge pump and dump. And it works; for whatever reason, society has this Boomer era ideal that only gold and silver are safe places to put money.

    The subreddits with $GME and r/stocks etc were flooded overnight with silver ads. The metals subs were flooded with people posting the same serial numbers and same types of bars. A couple of them it was obvious it was the same person on multiple accounts, and eventually, different bots posting the same photos.

    They've had to institute new posting requirements over the fake bots reposting a couple dozen pictures. Fake accounts and bot armies are spreading fear, uncertainty and doubt. "How to buy a reddit account" soared to the top of Google's search index.

    Blindly accepting anything shared here is why you guys lost out on bitcoin and why metals keep being fixed. The sheer arrogant denial of anything but gold and silver performing well or being safe is staggering. You're not only seeing spot decoupling from reality; you're seeing generations of people who were raised with nothing and don't care if they go back to nothing, but they certainly won't hold their wealth in fixed markets.

  • AzurescensAzurescens Posts: 2,665 ✭✭✭✭✭
    edited February 9, 2021 1:16AM

    @goldrealmoney79 said:
    mehh price while still elevated has dropped from the peak. I expect normies to unload some of their silver in the coming weeks and months. Especially after that huge hit from GME, AMC losses.

    $GME and $AMC have been shorted to destruction. The squeeze has not even happened yet and hedge funds will still get what they deserve for driving companies into the ground like this.

    Shares were selling after hours today for $250, or, $190 more than last close. Tricking the public into thinking it's over was their play, but problem is, everyone's holding. So these HFs have been doubling down again and again, bleeding interest, spreading fear and doubt to get people to sell. But it's not working. Which is why we will still see an infinity squeeze.

    There's only something like 4690 available shares of GME, lmao. FINTEL is falsifying data. Webull, TDA, Fidelity and RH hid afterhour numbers today between 160 and 250 for $GME and $16-$22 $AMC.

    Weird for overvalued stocks that nobody wants.

  • derrybderryb Posts: 36,034 ✭✭✭✭✭
    edited February 9, 2021 2:04AM

    @Azurescens said:

    Blindly accepting anything shared here is why you guys lost out on bitcoin and why metals keep being fixed.

    Blindly overlooking the Bitcoin thread?

    And exactly how does accepting anything here have anything to do with metals being fixed?

    The decline from democracy to tyranny is both a natural and inevitable one.

  • derrybderryb Posts: 36,034 ✭✭✭✭✭
    edited February 9, 2021 2:02AM

    @Azurescens said:

    $GME and $AMC have been shorted to destruction. The squeeze has not even happened yet and hedge funds will still get what they deserve for driving companies into the ground like this.

    Hedge funds simply see opportunity where companies drive themselves into the ground with broken business models or those at the mercy of such things as pandemics. Hedge funds don't create failure, they simply profit from it when they are early to see it approaching.

    The decline from democracy to tyranny is both a natural and inevitable one.

  • 3stars3stars Posts: 2,278 ✭✭✭✭✭

    A smart hedge fund would have jumped into shorting GME when it was over $300. They'd be sitting on a mountain of money right now. That's the problem with these big run ups - sure, you put some shorters out of business but you create enormous opportunity for others.

    Previous transactions: Wondercoin, goldman86, dmarks, Type2
  • tincuptincup Posts: 4,724 ✭✭✭✭✭
    edited February 9, 2021 10:56AM

    @Azurescens said:

    " for whatever reason, society has this Boomer era ideal that only gold and silver are safe places to put money."

    "Blindly accepting anything shared here is why you guys lost out on bitcoin and why metals keep being fixed. The sheer arrogant denial of anything but gold and silver performing well or being safe is staggering. You're not only seeing spot decoupling from reality; you're seeing generations of people who were raised with nothing and don't care if they go back to nothing, but they certainly won't hold their wealth in fixed markets."

    Sheer arrogant denial? If you say so. I have no issues with bitcoin... other than it is not for me. If bitcoin is the sandbox you want to play in... no problem whatsoever. May you soar high and prosper. Stay away from Icarus while you are up there.

    ----- kj
  • jmski52jmski52 Posts: 22,271 ✭✭✭✭✭

    Boy oh boy, we seem to be making alot of assumptions about how other people got where they are and how they make their investment decisions. Interesting.

    Q: Are You Printing Money? Bernanke: Not Literally

    I knew it would happen.
  • CakesCakes Posts: 3,437 ✭✭✭✭✭

    @carew4me said:
    Azurescens is like that annoying 16 yr old who "discovers" Led Zeppelin for the 1st time. B)

    Love me some Zep! I will not answer my phone in the car if Stairway is on.

    Successful coin BST transactions with Gerard and segoja.

    Successful card BST transactions with cbcnow, brogurt, gstarling, Bravesfan 007, and rajah 424.
  • MilesWaitsMilesWaits Posts: 5,297 ✭✭✭✭✭

    Stopped by my favorite B & M dealer today for a chat and he says he is required to pay 15% above spot for available gold eagles (or otherwise).
    Laughed and said “I can get all the paper I want, though!”

    Now riding the swell in PM's and surf.
  • MsMorrisineMsMorrisine Posts: 32,045 ✭✭✭✭✭

    not even an AP and you can get them now for less than 15%

    https://www.bgasc.com/product/2021-american-gold-eagle-coins/gold-eagles-1-oz

    does he have a computer in the office and at home???

    Current maintainer of Stone's Master List of Favorite Websites // My BST transactions
  • CakesCakes Posts: 3,437 ✭✭✭✭✭

    @dcarr said:

    @Cakes said:

    @carew4me said:
    Azurescens is like that annoying 16 yr old who "discovers" Led Zeppelin for the 1st time. B)

    Love me some Zep! I will not answer my phone in the car if Stairway is on.

    Sometimes I like to play "When the Levee Breaks" really loud when I am working at my mint.

    That's wild, Levee is one of my favorites, it really hammers. Really loud is the key, I have a kick ass home system, and really loud is always best. It shakes and moves pieces in my curio cabinets when I really crank it up. lol

    Keep on minting, some really great stuff you have produced!

    Successful coin BST transactions with Gerard and segoja.

    Successful card BST transactions with cbcnow, brogurt, gstarling, Bravesfan 007, and rajah 424.
  • ashelandasheland Posts: 22,572 ✭✭✭✭✭

    @Cakes said:

    @dcarr said:

    @Cakes said:

    @carew4me said:
    Azurescens is like that annoying 16 yr old who "discovers" Led Zeppelin for the 1st time. B)

    Love me some Zep! I will not answer my phone in the car if Stairway is on.

    Sometimes I like to play "When the Levee Breaks" really loud when I am working at my mint.

    That's wild, Levee is one of my favorites, it really hammers. Really loud is the key, I have a kick ass home system, and really loud is always best. It shakes and moves pieces in my curio cabinets when I really crank it up. lol

    Keep on minting, some really great stuff you have produced!

    I agree! That Covid-19 hard times token from last year is really cool! :)

  • derrybderryb Posts: 36,034 ✭✭✭✭✭

    The decline from democracy to tyranny is both a natural and inevitable one.

  • AzurescensAzurescens Posts: 2,665 ✭✭✭✭✭

    @carew4me said:
    Azurescens is like that annoying 16 yr old who "discovers" Led Zeppelin for the 1st time. B)

    Then I say things more vanilla than that and get threatened with a ban.

  • AzurescensAzurescens Posts: 2,665 ✭✭✭✭✭

    @jmski52 said:
    and how they make their investment decisions.

    If people don't want their sentiments shared on the internet then they need to stop sharing.

    There is a big difference between prejudging people and making assumptions based on their wealth or hair color or clothes, versus summarizing sentiments you've come across on social media.

  • BaleyBaley Posts: 22,658 ✭✭✭✭✭

    We've been reading "this time it's different" here for 20 years..

    It always is, because a man never crosses the same river twice: it's always a different man and a different river. Yet it's also never different in the way the Prophets who come and go say it is.. their hyperbole usually gets carried away and they end up seeming a little unhinged. And usually the most vocal just cannot restrain themselves, and get banned.

    The world as we know it very seldom ends. And it always changes, every single day.

    Liberty: Parent of Science & Industry

  • OPAOPA Posts: 17,104 ✭✭✭✭✭
    edited February 20, 2021 4:57PM

    @carew4me said:
    Azurescens is like that annoying 16 yr old who "discovers" Led Zeppelin for the 1st time. B)

    agree...either that or Mglicker twin. ;)

    "Bongo drive 1984 Lincoln that looks like old coin dug from ground."
  • morgansforevermorgansforever Posts: 8,426 ✭✭✭✭✭

    @dcarr said:

    @Cakes said:

    @carew4me said:
    Azurescens is like that annoying 16 yr old who "discovers" Led Zeppelin for the 1st time. B)

    Love me some Zep! I will not answer my phone in the car if Stairway is on.

    Sometimes I like to play "When the Levee Breaks" really loud when I am working at my mint.

    The harmonica during the intro is haunting and intimidating. When will the levee let loose?

    World coins FSHO Hundreds of successful BST transactions U.S. coins FSHO
  • CakesCakes Posts: 3,437 ✭✭✭✭✭

    @morgansforever said:

    @dcarr said:

    @Cakes said:

    @carew4me said:
    Azurescens is like that annoying 16 yr old who "discovers" Led Zeppelin for the 1st time. B)

    Love me some Zep! I will not answer my phone in the car if Stairway is on.

    Sometimes I like to play "When the Levee Breaks" really loud when I am working at my mint.

    The harmonica during the intro is haunting and intimidating. When will the levee let loose?

    Agreed, great touch. The only thing more haunting are some of the scenes from The Song remains the same. >:)

    Does anybody remember laughter?

    Successful coin BST transactions with Gerard and segoja.

    Successful card BST transactions with cbcnow, brogurt, gstarling, Bravesfan 007, and rajah 424.
  • USASoccerUSASoccer Posts: 445 ✭✭✭

    Anyone here have a nice stereo?

  • tincuptincup Posts: 4,724 ✭✭✭✭✭

    Have a stereo from years ago with turntable. Certainly not top of the line but I enjoy playing some vinyl once in awhile. Nothing like playing When The Levee Breaks on a turntable......

    ----- kj
  • blitzdudeblitzdude Posts: 5,303 ✭✭✭✭✭

    I don't hear Zeppelin (although I certainly wouldn't complain). Every time I see the thread at the top of the list I can't stop Van Halen's where have all the good times gone from popping in my head. lol

    The whole worlds off its rocker, buy Gold™.

  • JimnightJimnight Posts: 10,683 ✭✭✭✭✭

    Yep ... can't build solar panels without a lot of silver.

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