Posted on 01/30/2021 10:05:16 PM PST by Technocrat
APMEX prices started rising by the minute two hours ago and they are now out of stock on all significant silver coins. Available rounds if you can find them are now priced at double to triple the spot price. A coordinated attack against JP Morgan and other silver market manipulators was proposed on Reddit on Friday. The link above goes to junk silver.
The action now appears to be spreading to Gold somewhat
TY, very valuable to know.
I’ll be having a discussion with others tomorrow morning and this information will be shared.
Thanks again.
According to the article: "Available rounds if you can find them are now priced at double to triple the spot price."
"Rounds" are NOT "numismatic coins."
Regards,
...... Ya ... That's the plan .... The kids got a lot of trading saavy ... He also converts a lot of cash into gold which is also doing well right now. When he's not saving the world he also does a lot of day trading and seems to be quite talented at that too.
Correct, they are not. But most being hawked on TV and online are.
Indeed. Even though we are not on the Gold Standard anymore - there is no standard for the value of fiat currency they just sell debt and print more as they want to - it still has to be relative to something. And you’re right it is geopolitical and complex and in most cases very intertwined.
Even Bitcoin value is relative to the supply and demand, and quoted in dollars (and other local currencies e.g. French and Germans its relative to the Euro). The difference is there is a finite amount of BTC. Supposedly they will never mint more though they do sometimes splinter off into differently named coins when there is a major software change. That’s what attracts people to it. As demand (qd) rises against a fixed supply (qs), the price (p) goes up. This used to be taught to citizens in middle school or high school. Not anymore. I bet half of Congress couldn’t understand this simple concept.
So it’s interesting to think whether Trump was going to try to tie the dollar to a basket of assets of which there is at least some finite quantity on the planet (though, perhaps a great deal more in the solar system). I know the Chinese currency is basically fixed by the central government, indexed to a basket of foreign currencies including the dollar. They tinker with it a little bit here and there, but their primary goal is to keep the Yuan within a very tight range relative to their greatest export markets. They want their currency fixed, and artificially low to encourage exports. The west, particularly the USA, has essentially financed their industrialization and military expansionism. Few really think about these things - we have financed the expansion and militarization of our own worst enemy. They could (and are) colonize parts of the underdeveloped world, such as Africa, to the point of sending 100 million people (and/or foot soldiers and military brigades) if they could and it wouldn’t dent their internal operations much at all.
But back to the main topic... we’ll see. Silver is up almost 10% just in the last week. Up 50% year over year. There is some accumulation going on. It could be unrelated but even that incidental move could be the spark that invents speculation and causes run on physical silver. A self-fulfilling prophecy.
And I don’t necessarily ‘fear’ God, but I am a believer and He has a plan for all of us. Our trials and tribulations cause us distress because we are mortal and limited and He is Omniscient and Omnipotent. At risk of being accused of being a QAnon conspiracist “trust the plan”. What is happening in Arizona sounds like a microcosm for the country. Even in deep blue states there remains strong contingent of patriots. Heck, during the American Revolution only about 30% of the colonists supported the revolution. 30% supported the crown. 40% didn’t know what to do or how to deal with it. In the end, the 30% won.
I am grateful and thankful for his service. I did not have the privilege. My grandfather was a careerist, rose to Lt. Colonel in the Air Force. He did fly, but mostly he rode in the back and did recon photography of topography and enemy lines/formations. Was stationed in Occupied Japan when my mother was born and she spent the first 4 years of her life there. Then he served in Korea. He was stateside during Vietnam. When he was forced to retire at 55 he didn’t know what to do with himself. Died too young. My grandmother lived almost 40 more years as a widow. She always said that he lived for the Air Force, and when he had to retire and his kids grew up he had little left to live for. I am glad to hear your son has a lot of other interests in life.
The west, particularly the USA, has essentially financed their industrialization and military expansionism. Few really think about these things - we have financed the expansion and militarization of our own worst enemy.
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I’ve been saying that for decades. Also reminds one of the Companies that invested so much in Germany prior to WWII.
Knock it off with the stupid! The most futures contracts for physical commodities settle for the physical delivery of the product. Options on those contracts excersize into those contracts, But don't take my word for ii, go here and GET SMART yourself.
https://www.cmegroup.com/
"The buyer of a futures option may exercise the option on any business day prior to expiration by giving notice to the Clearing House by 5:30 p.m. Chicago time. Option exercise results in an underlying futures market position. Options in-the-money on the last day of trading are automatically exercised."
Another thread full of STUPID ON STEROIDS.
JPM holds futures contracts for physical producers of silver, MINERS. Those producers 99.99% of the time SHORT. And why is that you may ask? Because they deliver physical product against those short positions.
THERE IS NO HUGE JPM SHORT POSITION HELD BY JPM JUST FOR THEMSELVES.
Just for fun I bought another 50 ounces of rounds. My usual yearly “ dollar cost averaging” purchase bumped up to January. Worst case scenario? None that I can think of. I figure the mandated solar panels will bump up the price. I wish I could store copper, aluminum, tungsten, neodymium, and cobalt by the ton in my garage. Palladium and Platinum are doomed with the new electric car mandates and subsidies.
If I had a warehouse..... I would by a million tons of carbon fiber strands, fiberglass strands, and aluminum ingots. If I had a big warehouse I would buy 10 million tons of lithium.
i think it was the romans who were diluting facsimilies of original greek silver drachmas with other metals. i could be wrong.
BOOKbump
Those conspiracy theories are pushed by ignorant imbeciles.
The value of the dollar is determined by many things. All currencies are interrelated. The dollar is the prettiest dog in an ugly dog contest. The winner does not have to be pretty, just not as ugly as the other dogs.
It's so easy to know. Rule #1: If it's important, don't rely on second hand info which is usually wrong
Go to www.cmegroup.com and find out all the details of how these things work. Read the contract specs on futures contracts delivery, read the options contract specs on what happens when you exercise one.
Naked short selling is illegal and Silver has been experiencing massive naked short sells to keep the prices low.
Really? How so? Can't believe I've been an arch criminal for decades.
Really? You’re going to fake asking that dumb of a question?
I wish I’d bought more yesterday.
Typical bob and weave and dodge evasive non-answer of someone who has not a clue.
I had been very pessimistic about the status and future of the dollar for a couple decades until I came to that realization a couple years ago.
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