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.….
Now you can but American Eagles. It is the majority of my silver holdings.
Feel free to delete it. I was under the impression that the penalty for treason is more serious than a slap on the wrist. But we all know even if what was reported is true nothing will happen. He will have gotten away with that, among the hundred other things he has done.
We didn’t have trillions of unpayable debt then, or a dollar index falling to 97.9 ( today)”
LOL! The dollar index was even lower then!
Look at your chart on Wiki….what do you see? A FIFTY YEAR “ Tea Cup and Handle” formation….if you don’t know what that means, read up.
…..and prepare to Prosper!
No not exactly, they were made in rounds, bars, etc…….they were made from the US Strategic Silver supply when they liquidated it…..there gonna wish they never did that ( they already have).
Those US Strategic Silver Bars and rounds carry about a twenty percent plus premium over spot.
The bullion market has coins and rounds and bars from literally all over the world. If you just want to invest in, or stack up, silver there are many options. Those “trade units”, though, are pieces of history.
I sold my physical silver today! Made triple my investment.
I wouldn’t mind having one if the markup isn’t too much.
I mostly have American Eagles but I do have some private rounds. Also some 5 oz bars.
Would like to get one of some other countries if the markup isn’t too high. Got a 2oz Canadian silver for less than the US Eagles would have cost me.
A quick check on sold eBay shows the 10 oz US Strategic Silver Reserve bars bringing $ 480 plus, add shipping, a very nice 25 percent over spot!
My advice, keep buying, cost averaging. I remember fretting over paying a 10 per commission ( premium) when Silver was $3.50 an ounce….2001 was a great year!
Sorry to hear that, $50 USD is close, very close.
Wow!
The one ounce (troy) units to which I referred are going for nearly $100 (FRN) on ebay. I picked mine up for much less, a few years ago.
So, now you have a pile of green-inked paper fiat.
I buy $200 a payday in silver
I also buy $100 a week in the stock market
$25 a week in bitcoin.
$20 a week in other alt coins.
These are my minimums. I spent $400 this weekend on silver cause I won at the casiono.
Silver should be at $75/oz based on the gold price and the historical 1/45 ratio.
Historic ratio is 15:1, even our US Constitution recognized that….it is now coming out of the ground less than that….we have been in a four year deficit….Covid scam shut down many mines.
Quick AI answer:
“The historic gold-silver ratio measures how many ounces of silver are needed to purchase one ounce of gold. This ratio has fluctuated over time, with historical averages typically around 15:1, but it has seen significant volatility, especially in the 20th century, reaching extremes like 98:1 in 1939 and 104.98:1 in 2020.”
For the thinkers, buying up Silver at these low prices, when the Gold/ Silver ratio ( now about 90;1) gets nearer to the historic ratio, sell off some silver and buy Gold, cheap, very cheap…..time to Prosper( if you are a thinker).
The current price of silver today is $39.28 per ounce
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