RE:RE:RE:RE:RE:RE:RE:RE:RE:160,000 shares buygoldbug wrote: These macro events don't happen over night. Silver and gold will still correct here and there and the USD will continue to reign Supreme for months if not years. The trend is definitely away from the dollar though. The silver squeeze has been happening for 2 years steady now if that's what you're referring to? It's a wall st silver group and I joined it upon inception. Silver is the most shorted commodity on the planet and after 2 years we've made a substantial dent in the comex vaults but like I said these macro moves take months to years to play out and fundamentals don't move price. Sentiment is the main market force out there. Silver has had the best fundamentals for years but that still has not translated into a much higher price. To much manipulation and midnight shenanigans going on by TPTB. You should join us wall street apes on reddit and also on Twitter now. Its a pretty cool movement To be part of. Never in my lifetime did I expect the level of public awareness we are getting in silver to be this high. Ultimately we as a group will drain the vaults of the comex and the LBMA. It'll take time but we grow daily in numbers. Buying physical silver is the investment of the century in my opinion. For each ounce of silver in the vaults there are 200 paper ounces derived from it! Technically once they run out silver it should be worth 200 times its current value but the math is a bit more complex than that. I think true value today is over 1k per ounce though. Buying silver has been a hobby of mine since 2000 when it was 5 bucks an ounce. I have thousands of ounces now and sleep very well at night. I buy stocks on the side for entertainment and fun! But I only spend what I'm willing to lose but usually turn a profit in the end and buy more silver. Sometimes gold. I like talking about silver as you can see lol
Yes i have been hearing about silver to the moon for decades now. And here we sit at $23 US per ounce. We have also been hearing about all the huge manipulation of gold and silver prices for as long as i can remember. Just as soon as gold and silver can bust through all this manipulation watch out to the moon. Funny how that day never seems to happen.
The fact is that over 70% of silver production is a by product of mining for other metals such as gold, copper lead and zinc. As long as there is a lot of demand for those metals there will be a lot of silver production. That is the reason silver is priced where it is is not because of manipulation but that there is a huge amount of silver being produced worldwide mostly as a by product of other mining,
If you and your buddies think you will corner the aprox. 1 billion ounce per year silver market and cause the silver price to rise you had better have a lot of money behind you. That was tried in 1980 by the Hunt brothers. They had a $5 billion US family fortune in 1980 and ended up declaring bankruptcy several years later in large part because of the huge losses they suffered in their attempt to corner the silver market.
Looking at an inflation adjusted chart for silver in 1918 Silver was at aprox. $21 US per ounce. Currently 104 years later Silver is at aprox. $23 US per ounce. That is an aprox 10% return in 104 years.
Silver up 10% in 104 years or AOT up 100% in 2 months.
Decisions, Decisions.