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Reputation Activity
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Metalisreal got a reaction from KDave in Wallstreetbets eye up SLV
Well I haven't chimed in here yet but...
From what I read on Kitco and elsewhere there is plenty of silver available but in the form of 1000 oz industrial dore bars. "Investment grade" silver is really just table scraps. Buying a tube or so of Eagles or a handful of 2 oz Queen's Beasts is not really going to move the market, just make the premiums higher.
I have seen this happen before. Not an expert by any means but I have been stacking since the 2011 run up.
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Metalisreal reacted to Paul in 2020 Alderney Three Graces Silver Proof 2oz
Yay !! join the party we can all lose money together
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Metalisreal got a reaction from Gruff in Wallstreetbets eye up SLV
On the subject of newbies, I agree that it is positive however most of those newbies are the short-attention-span social media generation who want to get in on the action. Then they will see that their stack is just sitting there not doing anything over the next several months or so. Being impatient, they will "cut their losses" and sell for the next shiny thing that catches their eye.
Again, I've seen this happen before. Hopefully they will sell at $15/oz and I will have my checkbook or stash of cash ready...
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Metalisreal reacted to MancunianStacker in 2020 Alderney Three Graces Silver Proof 2oz
Pretty much summed up my spending on the 3Gs and a 2oz Bowie today!! 😂
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Metalisreal got a reaction from Silverman2U in Wallstreetbets eye up SLV
On the subject of newbies, I agree that it is positive however most of those newbies are the short-attention-span social media generation who want to get in on the action. Then they will see that their stack is just sitting there not doing anything over the next several months or so. Being impatient, they will "cut their losses" and sell for the next shiny thing that catches their eye.
Again, I've seen this happen before. Hopefully they will sell at $15/oz and I will have my checkbook or stash of cash ready...
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Metalisreal reacted to Nick1368 in Wallstreetbets eye up SLV
it was definitely a fun few days for us stackers , unfortunately the silver price did not go to £500 or £100 or even £50 BUT :
1- it attracted a lot of newbies to the world of precious Metals which is a positive .
2-it reminded Gold Bugs like myself to have some silver in your stack too .
3- i am sure at some point we will see $50 it's just a matter of time .
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Metalisreal reacted to Mox in Wallstreetbets eye up SLV
How long till we get to the moon? I will need a wee soon so can we stop at the motorway services?
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Metalisreal reacted to Darr3nG in Wallstreetbets eye up SLV
So all those little rocket icons were inaccurate??? I need to cancel the deposit on that yacht
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Metalisreal reacted to BackyardBullion in Wallstreetbets eye up SLV
I have no doubt demand has gone up a bit this week for some dealers, more so in the USA as there has been a lot of "Pumping" videos out there from big and small YouTubers alike (most of which have affiliate codes by the way and have a vested interest in getting you to click through and FOMO buy silver). But I do not think that WSB will push silver to $1000's/oz any time soon if at all.
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Metalisreal reacted to BackyardBullion in Wallstreetbets eye up SLV
So, I do not think we will see astronomical silver prices any time soon.
First of all the GME situation is not resolved and "they" (the WSB'ers) will still be going on this before anything else.
I personally do not think the infinite squeeze will come from GME so a lot of people will lose a lot of money and then not have any to push up silver too.
Just my opinions.
As for the dealers that are saying they are swamped, never take that on face value because it is in their interest to say they are swamped and create hysteria.
This whole subject is about market manipulation and dealers/big YouTube channels with affiliate links to silver sellers will be pumping and pumping to their hearts content.
What I honestly think will happen is silver will get to $30 this week, premiums on physical will increase massively too. Nothing more than we saw earlier last year.
But, If it does go to $1000/oz then I will, of course be a very happy bunny indeed!
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Metalisreal reacted to Realwealthuprising in The future of silver, VAT and import charges into the UK now a Deal has been done!?
England is so done, all thats left are the few remaining crumbs of a democracy.
Now it becomes something new. It will be great if your a neo marxist environmentalist who doesn’t want to work and hates free speech, free movement and logic....but for the rest of Britain it will be a survaillance state dystopia in which all aspects of life are dictated by the state. 2021 post brexit and under the guise of covid it will be ramped up big style, there is no escape now and I think history will increasingly come see that Brexit served not to keep others out but to trap Brits in during this phase of history.
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Metalisreal reacted to StevenDS in Bars Photo Thread...
Completed my 10 kg coinbar target. I originally ordered 10x 1 kg. Ordered and paid for, however the dealer didn't have it in stock and production stopped due too covid. After much pushing for delivery the dealer offered a 5 kg bar, which I accepted. A 5 kg bar feel really nice in hand.
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Metalisreal reacted to Ravoma in All! Beware of fake gold graded coins in fake holders
Ohhh glowy shoes for £1 sign me up!
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Metalisreal reacted to Aknot in Today I bought.....
Does this count? Today I bought - Premium Membership.
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Metalisreal reacted to Kraittos in New Perth Mint Release (22 June) Australian Brumby - 25,000 Mintage
The coin looks beautiful and with Perth it is sure that the quality will be fantastic. Maybe in Europe will have some dealers that they will have available the coin , I hope so.
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Metalisreal reacted to FTYBR in Today I bought.....
Ordered these after a few beers last night - proper quids! 👍
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Metalisreal got a reaction from ChrisSilver in Today I bought.....
1/10 pt Britannia. I know, I got ripped off from the high premium but it was extra money from a bonus I received and I didn't have any platinum. I actually received it today so this is in the wrong topic.