So, if I understand correctly, Silver is suppressed by adding more and more paper silver to the market when Silver starts climbing. The only thing that can break this suppression (if I understand correctly) is if paper Silver holders demand delivery. Since there are over 1,000 paper ounces to every 1 physical ounce, the price of Silver will skyrocket.
I wonder why the same investors in Silver don’t this. Wouldn’t this have the same affect as what the Gamestop investors did?
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Jamie gives up and the Silvebacks win.
That may be the best one ever. “Their memes are too effective!”
Fuckin Brilliant.
“I told you not to buy Gamestop at $300!”
Genius.
Silver rant for the day.
PM’s are one “proof” that the government uses to show everything is fine, along with the manipulated stock market and unemployment charts, so I’ve given up on any “silver explosions” until the financial system collapses….. even when all the silver websites put out their “silver is going through the roof any day now” BS.
Funny, the only time in the past 5 years silver has ever threatened to “explode” was when the GameStop trading happened; a surprise moment even for the forecasters of silvers future.
It makes me think they are part of the game. I mean, how can they be the forecasters with such a dismal record of any predictions, unless maybe they are the minor league for the “Q” armies who populate the internet with their brand of “hopium.”
I have a few thousand ozs of silver– mostly rolls of ASE’s and tubes of rounds but also 12-15 or so of kilo bars and also cull coins pre-1964 bags….
I probably have doubled the value in the past 20 years from the $10-12 an ounce when I started stacking to currently…
It dawned on me the other day that I would have been much better off if I had spent all of that money on sheets of plywood and 2×4’s….300% profit would have been much nicer.
SOOO what was the massive move in silver over the last 15 months a “fire cracker”?? Been long silver since the early 80’s. I’ve done quite well with it.
Chuck Butler is on to this ….
There are 60k plus people (and growing) who get this. Go to http://www.reddit.com/r/wallstreetsilver
I wrote an article, hoping that it it would be picked up and reposted on TBP. You can read it here:
https://genzconservative.com/silver-squeeze/
If you’re wanting to get rich quick with silver, it probably won’t happen. There is massive manipulation, but it is too close to the foundations of the bullshit financial empire. They can’t let it shoot up.
That said, there is, IMHO, no better investment. If things stay more or less the same for 20-30 years, silver will be gradually depleted by tech and green industries. If SHTF silver will be invaluable for barter. If the there is systemic reform silver will have a place in the monetary system. And hell, maybe, the manipulation fails (or they let it fail) and the price shoots up 3x, 5x, 10x.
Who knows? Not I. I just see zero downside to owning physical silver, period.
“I just see zero downside”
Even if the market crash or inflation never occurs, silver is limited in supply and the industrial uses are expanding. So far it looks to be good which ever way things go.
Donkey,
I started stacking silver in the early 80’s and Gold in 1999, the first time I had acquired enough wealth to buy Gold in a significant amount– it was at about $280 an ounce…I made a significant purchase…most of it profit from the stock market…it was one of the best moves I have ever made up to the age of 49.
During that time I was also invested in stocks, high interest bonds, high interest money markets (compared to today), and real-estate. I got out of the stock market in 99 to go into PMs…hindsight being 20-20 I was right.
Understanding the power of compound interest at a younger age than most I was always a saver…then when I studied economic history and realized what Johnson did to our Silver coins in 1965 (I was 15) and what Nixon did in 1971 turning us completely over to the Banksters (I was 21) I became a PM stacker whenever I had extra fiat CURRENCY…I would use it to buy real MONEY– Silver & Gold.
We started driving beaters and poured the depreciating car currency we were saving into PMs. When the two car payments stopped…that went into PMs.
Now, I look at Silver (and Gold) in two ways:
1. I’m a historical minded MACRO guy…your post is a MICRO question I’ll answer at the end?
2. I’m a LEGACY minded Father/Grandfather. (Gold and Silver have established generational wealth for thousands of years – I hope to do this to a degree).
I have PMs bought during many years of the biggest dips represented in these two links. I have not been perfect in my buying/selling timing, but pretty darn close. Just built a house and was able last summer to sell some Gold at a nice profit.
https://www.macrotrends.net/1470/historical-silver-prices-100-year-chart
https://www.macrotrends.net/1333/historical-gold-prices-100-year-chart
Your question:
“I wonder why the same investors in Silver don’t this. Wouldn’t this have the same affect as what the Gamestop investors did”?
My answer:
I don’t know? I wouldn’t buy paper Silver…it is a game of Musical Chairs millions are playing with a hundred chairs. To me that is an insane risk…and paper Silver is a Ponzi Scam.
HOLD DONKEY!
(I think TLPTB are losing control).
Mark,
If everyone who bought paper silver demanded delivery, what would happen to the price of physical? Wouldn’t that be similar to what the retail Robinhood investor did/tried to do to the hedgeis with GME? Wouldn’t that force a true market silver valuation? Why wouldn’t those GME investors try to do the same thing with paper silver?
The answer is simple and infuriating:
If you go through all the bother of hiring an armored car (actual requirement), drive out to Chicago and demand delivery of all that metal you supposedly own which they don’t have…
[DRUMROLL]
…they tell you tough shit and settle the contract with FRNs at market price. You have no legal recourse because the entire global economy is built upon the lie that is the Full Faith & Credit Of the United States of ‘merica™.
Even better? Suppose you already have several tons of PMs and tell the world, “hey, my paper currency can be exchanged for real metal at a fixed price just like you could with the US dollar when it still existed!”
US/NATO/5 Eyes Burgers & Spies will literally rape you to death. Just ask Qaddafi.
Ok, I think this answers my question…they simply won’t give the physical to you?
Exactly.
… and if they did it would be good delivery bars that wouldn’t BE good delivery silver the moment you take them out of the system. Meaning you cannot re-sell them without assay.