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One ton of silver is worth less than $1 million....

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  • jmlanzafjmlanzaf Posts: 34,180 ✭✭✭✭✭

    @derryb said:

    @cohodk said:
    I wish someone would post an accounting of silver on JPMs balance sheet.

    Crooks hide things.

    But not so well that you know about it?

  • derrybderryb Posts: 36,818 ✭✭✭✭✭

    Well, they try to hide things. lol

    "Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey

  • cohodkcohodk Posts: 19,122 ✭✭✭✭✭

    @jmlanzaf said:

    @derryb said:

    @cohodk said:
    I wish someone would post an accounting of silver on JPMs balance sheet.

    Crooks hide things.

    But not so well that you know about it?

    Yeah....sounds like conspiracy theory.

    Excuses are tools of the ignorant

    Knowledge is the enemy of fear

  • derrybderryb Posts: 36,818 ✭✭✭✭✭

    "Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey

  • cohodkcohodk Posts: 19,122 ✭✭✭✭✭

    @derryb said:

    This is excellent. Its only taken 35 years to get 1 years production into the hands of collectors.

    What can the marketers do to get collector demand to increase from 3% to 10% of yearly production?

    Excuses are tools of the ignorant

    Knowledge is the enemy of fear

  • jmski52jmski52 Posts: 22,847 ✭✭✭✭✭
    edited July 29, 2021 1:22PM

    So why would investors, real market moving investors with tens or hundreds of million, want to buy silver? They wouldnt. Its almost like the guy who has barrels and barrels of wheat cents in his garage. Why bother?

    If you're so sure about this, why are you asking the question?

    What will it take for big investors, not J6P with his 10 ASE's, to enter the physical market?

    When rates finally rise in earnest, bond prices will take a major hit, all up & down the yield curve. Perhaps some money managers and pension fund managers will become nervous about the loss in nominal value of their bond holdings and come to the conclusion that money printing to pump up the stock & bond markets in the absence of sound fundamentals - is not sustainable.

    We've already heard from several large money managers & financial experts about this - Dalio, Spitznagel, Stockman, Gundlach - I'm sure that there are others as well.

    Do ya think that Jamie Dimon has a few railcars of ASEs sitting somewhere? It sure wouldn't surprise me.

    Q: Are You Printing Money? Bernanke: Not Literally

    I knew it would happen.
  • JWPJWP Posts: 22,222 ✭✭✭✭✭

    Silver is also used in technology applications.

    USN & USAF retired 1971-1993
    Successful Transactions with more than 100 Members

  • taxmadtaxmad Posts: 978 ✭✭✭✭

    @cohodk said:

    This is excellent. Its only taken 35 years to get 1 years production into the hands of collectors.

    What can the marketers do to get collector demand to increase from 3% to 10% of yearly production?

    You do know that Eagles & Maples are not the bullion products offered to collectors - right?

  • cohodkcohodk Posts: 19,122 ✭✭✭✭✭

    @taxmad said:

    @cohodk said:

    This is excellent. Its only taken 35 years to get 1 years production into the hands of collectors.

    What can the marketers do to get collector demand to increase from 3% to 10% of yearly production?

    You do know that Eagles & Maples are not the bullion products offered to collectors - right?

    Yup. But they are the most popular, so how about you provide a more accurate calculation. Im sure youre good with numbers, so how many years of collector demand would it take to cover one years mining production?

    Excuses are tools of the ignorant

    Knowledge is the enemy of fear

  • blitzdudeblitzdude Posts: 5,891 ✭✭✭✭✭

    @cohodk said:

    @taxmad said:

    @cohodk said:

    This is excellent. Its only taken 35 years to get 1 years production into the hands of collectors.

    What can the marketers do to get collector demand to increase from 3% to 10% of yearly production?

    You do know that Eagles & Maples are not the bullion products offered to collectors - right?

    Yup. But they are the most popular, so how about you provide a more accurate calculation. Im sure youre good with numbers, so how many years of collector demand would it take to cover one years mining production?

    No input jut parrot what derby says. Buy hi sell lo. RGDS!

    The whole worlds off its rocker, buy Gold™.

  • WCCWCC Posts: 2,571 ✭✭✭✭✭

    @jmski52 said:
    So why would investors, real market moving investors with tens or hundreds of million, want to buy silver? They wouldnt. Its almost like the guy who has barrels and barrels of wheat cents in his garage. Why bother?

    If you're so sure about this, why are you asking the question?

    What will it take for big investors, not J6P with his 10 ASE's, to enter the physical market?

    When rates finally rise in earnest, bond prices will take a major hit, all up & down the yield curve. Perhaps some money managers and pension fund managers will become nervous about the loss in nominal value of their bond holdings and come to the conclusion that money printing to pump up the stock & bond markets in the absence of sound fundamentals - is not sustainable.

    We've already heard from several large money managers & financial experts about this - Dalio, Spitznagel, Stockman, Gundlach - I'm sure that there are others as well.

    Do ya think that Jamie Dimon has a few railcars of ASEs sitting somewhere? It sure wouldn't surprise me.

    The silver price can go "through the roof" but it's never going to be driven by "big money". To even attempt it would be self-defeating. It's a relatively small illiquid market, liquid enough (for those accepting awful buy-sell spreads) for a modest number of affluent middle class buyers but that's all..

    Money managers won't care because it isn't their money and silver isn't their benchmark.

  • WCCWCC Posts: 2,571 ✭✭✭✭✭

    @cohodk said:

    Yeah....sounds like conspiracy theory.

    We both know this is an endless debate. The other side cannot possibly be wrong, so it must be the result of a nefarious dastardly conspiracy.

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