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Posted on 07/14/2025 7:07:32 AM PDT by delta7
If I'm not mistaken, 483 million ounces of silver were sold yesterday, within an hour, in an effort to stop this breakout in silver. This short position is now completely underwater, which means that whoever sold those ounces was either an extremely bad trader, or had no intention of making money in the first place. And since 483 million ounces is 57% of the annual mine supply, I'm assuming there is no physical silver to back this position. This amount is not available for sale, anywhere.….
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Click here: to donate by Credit Card Or here: to donate by PayPal Or by mail to: Free Republic, LLC - PO Box 9771 - Fresno, CA 93794 Thank you very much and God bless you. |
There’s a reason no one can do an audit of Ft. Knox.
———-
Still waiting for Trump’s full Gold audit….something fishy ( stinky) going on.
And this is on top of all the other things he did, like the tech transfers that enabled China to target every American citizen with nuclear weapons.
What is this, a reverse Hunt brothers?
https://en.wikipedia.org/wiki/Silver_Thursday
Not the first time someone has tried to corner the silver market.
hah!
Back then, the US government struck a huge number of 1 ozt, .999 fine "silver trade units" and sold them to the public through the US Assay Office. It brought their nonsense to an end.
Those items still float around in the silver bullion market; I bought a few once as an historical curiosity.
Wonder where the Hunt brothers are at today?.
Silver bump.
.
Yes, I do.
IBTG
That is what the feds caught me doing.
I’ve called Abuse on the post. Threats to ex-Presidents are not allowed on this forum.
Thanks in advance.
The hunt brothers. My (late) father sold all his silver somewhere around $40 oz. He and my brother walked into Continental Bank in Chicago with several buckets of silver bars when you could just go to their “Precious Metals” desk and trade. I think he purchased most at about $7 or $8 per oz.
I thought Jack Reacher solved this?
Hunt Brothrs days. I had two rolls of silver diimes that I had bought as a teenager in the 60s. I wanted motorcycle and noticed that the local coin and jewelry shoop was offering 15-1 face value for silver coins. I knew that the place was offering a lot less than elsewhere bcause I knew th shop. I saw adds for hock shops to buy silver. I checked them out and one was offering 20 to one. I sold my dimes there and same day bought a used XS-650 with the proceeds. Two days later the price of silver crashed.
“when the sleepy Joe six pack wakes up, its rocket time to unbelievable levels.”
You were saying the same thing in 2014 predicting gold would hit $5,000 in 2015.
Now a decade later we are not even half way to that prediction in today’s dollars.
“That means the market is being driven by central banks (aka, banksters).”
It’s called BIG - Banksters and International Gangsters!
I’ve been buying silver/gold, mostly silver since March.
I now have 55 ounces and add to it each payday.
You are right. Do any buying at local coin shops. Skip online and the internet as they are all charging far more than you would pay at a local coin dealer.
Also beware, a lot of fake Chinese silver being sold way under price is s tip off it is fake.
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