HawkHybrid

14 hours ago, Uksilverstackers said:

I seem to recall in the not so distant past the US Mint has halted production of coins in recent years for one reason or another before starting up again.

Guess this year they can blame it on a shortage....

I think I read somewhere that there is some legal requirement that the US Mint can only buy US mined silver, so maybe halting production is part of their Modus Operandi for pricing. 

 

'These “blank” bottlenecks have occurred a few times over the past few years as the U.S. Mint has had to suspend shipments to authorized purchasers due to an inability to keep up with demand. In 2015, the shortage of silver planchets was so severe that the U.S. Mint was unable to produce and deliver American Silver Eagles to Authorized Purchasers for almost the entire month of September.'

https://blog.bgasc.com/why-are-2019-american-silver-eagle-sales-down-at-the-us-mint/

the years for bottleneck to supply silver blanks should include 2008/9, 2013, 2015, maybe also 2019.

HH

On 28/05/2021 at 15:46, Stacktastic said:

I concur. I like Maneco very nice guy, but he earns a living off Youtube
& knows little about some of the subjects he talks about (ie mining). 
Im a year in on this and I know more that he does in some areas.

Good initial source for people though & a useful person to educate the financially illiterate. 
You move on after that, although I like his Sunday live chats, I occasionally watch them. 

On 28/05/2021 at 19:47, HerefordBullyun said:

Due TO GLOBAL SILVER SHORTAGE

https://www.zerohedge.com/commodities/us-mint-delays-silver-shipments-due-global-silver-shortage

and zerohedge makes exactly the same claim as maneco.

HH

On 28/05/2021 at 19:09, Spark268 said:

I omit the highs, because in a squeeze, such as the 80's and 2011, the price overshoots and becomes unsustainable.

this I agree with.

a silver squeeze is unsustainable.

all the hype about 'how the silver price will be trading at it's correct price(much higher)' etc.

complete nonsense.

(I'm not saying that a silver short squeeze(defined as shorters being forced to close their positions)

is possible at this time, or that even if the silver price passes its year highs that it'll actually pass it's

2011 highs)

HH

16 minutes ago, Spark268 said:

The retail price of silver at the moment is around 32, which comes in at $45/oz, which isn't far off. 

how can you compare market exchange prices with retail prices?

what would be useful is knowing that the retails price is rumoured to have hit ~$43-47 when the

silver price hit $48 in 2011. how much are american retail prices today? apmex price ~$35(not sure

about taxes).

even if retail prices are close to what they were in 2011 how much of it is premium?(current spot price

~$28)

of course the easy comparison would be to compare both spot prices $28(today) versus $48(2011 peak)

and say that it has lost ~40%.

higher premiums is the result of a broken silver squeeze. (because there are no shorters being squeezed.

if comex had shorters being squeezed it would reflect equally in the comex price for silver)

28 minutes ago, Spark268 said:

I never said dealers are ripping people off: the original post that you (mis-)quoted states the exact opposite. 

I never said that you said that dealers are ripping people off. I was hinting that you should re-read

@LawrenceChard post about not believing the hype. (I purposely chose chards as the example of a

dealer) 

31 minutes ago, Spark268 said:

This is a silver forum, so try not to get upset if people speak positively towards it. You might have a happier existence that way.

it's because it's a silver forum that people should not be lied to, mislead and tricked into believing something

that simply isn't true about silver. I don't upset people who are actually into silver when I say that silver

can make you money(timed correctly) but don't listen to the hype about prices shooting to the moon. I only

upset the fanatics and those who have a self interest to mislead people to over pay for their silver.

HH

19 minutes ago, Spark268 said:

i think you need to stop making your own suppositions, generalisations and exaggerations, attributing them to other people and then ridiculing them.

how is saying that silver lost over 70% of it price $13(low)/$48(peak) from the 2011 peak an exaggeration?

I'm not even going to bother to dig up the articles of physical silver pumping in 2011.

1 hour ago, HawkHybrid said:

you do realise there is a good reason for this and it's not dealers such as chards ripping people off?

you chose not to give a response for this?

HH

6 minutes ago, HerefordBullyun said:

Who said I believe the hype?

I said those who believe the hype are stupid.(general statement)

you didn't say what you think of the physical pumpers during the 2011 peak?

(at least golds store of value means that it's recovered most of it's non inflation

adjusted price($), it has taken 9 years though)

HH

Just now, HerefordBullyun said:

Silver will have its day the previous charts prove it! So quick to diss golds little brother!

silver will have it's day. with hindsight what would you say to those profiting from pumping

up the price of physical silver in 2011 for naive victims to hold onto a falling silver asset for

9 years as the price declined? are they ignorant or with selfish intent?

I never said silver cannot rise and make people money. but believing the hype is stupid.

HH

1 minute ago, Spark268 said:

these people are always negative on gold & silver, even back in 2019 when the great bull began.

where is the proof of that?

what about @LawrenceChard, would you say that he is also always negative about gold and silver

just because he doesn't believe the hype of silver short squeeze. (please don't bring gold into this.

as an investment physical gold is nothing like rubbish that is physical silver. physical silver holders are

always trying to bring gold to help defend there side. gold has reclaimed most of it's 2011 loses($)

where as silver is less than 60% of it's 2011 high.)

why did the great bull begin in 2019 and not dec 2015? two years worth of average price rises makes

a great bull market?

but then again it's easier to believe every physical pumper that's been linked to on this thread because

they say what you want to hear, despite the fact each and every one one them was cheering for silver

to 'go to the moon' for years after it's peak in 2011 that started silver on a bear market that would last

9 years and see a drop of over 70% from it's 2011 highs.

at least sunshineprofits use recognised data to quantify their reasoning.

https://www.thesilverforum.com/topic/47759-silver-squeeze/?do=findComment&comment=514240

Quote

'The crime that the dealers  are still offering sub spot prices for buying your silver.'

you do realise there is a good reason for this and it's not dealers such as chards ripping people off?

HH

4 minutes ago, HerefordBullyun said:

ok why have the US mint admitted shortages then? 

because they have shortages. true.

problem is it's only ever part of the story.

they are short of coin blanks with which to mint the coins. (notice how no one seams to

tell you this important part of the story)

there is plenty of silver, just the suppliers of silver blanks to the us mint are running behind.

HH

Quote

Conclusions

The story of silver shortage is an old one now, it can be traced back at least to 1998, when analysts started to claim that silver would enter a state of permanent shortage. Surprise, surprise – it didn’t happen. What does it mean for the investors? Don’t listen to the so-called experts who have been calling for the silver shortage for years. Given the relatively large holdings in the world, it’s actually hard to imagine a lasting shortage of the white metal. (Silver holdings are smaller than gold holdings, but still larger than holdings of other commodities.) Indeed, silver usually remains in contango, not in backwardation, which implies that there is no supply shortage. Thus, forget about this idea. Making decisions based on false premises is the shortest way to suffer losses.

https://www.sunshineprofits.com/gold-silver/dictionary/silver-shortage/

HH

53 minutes ago, sixgun said:

The #silversqueeze is working.
US Mint admits there is a silver shortage.
Blaming bots for them receiving so much web traffic - the bots are ordering silver coins!

 

https://smaulgld.com/there-is-no-silver-shortage/

someone who actually knows what they are talking about.

HH

@PeteUK1960 just so that you know, the best form of protection versus uncertain future

prices is to stock up on supplies. eg tin food, dry food, etc.

only then do people put the surplus funds in gold.

HH

On 25/05/2021 at 18:28, PeteUK1960 said:

The gold/silver ratio is the highest in history at 65/1. True ratio historically is 15/1.

For every one ounce of gold above ground there are 50 ounces on unallocated paper contracts.

 

you have a lot of reading to do.

HH

14 hours ago, PeteUK1960 said:

To try and put a degree of sense to my intention of transferring everything to kinesis, they tell you that you can withdraw your physical at any point you choose to the value of the KAU you own at that time so as I saw it you can grow your stack within their system but with the ability to access your capital via their visa debit card in an emergency. In the event that I withdrew in physical would I not have the opportunity to take it in coins?

the simple answer is how many forum members do you think would put the lions share of their safety net

funds into kinesis? then look at how many seek a safety net with sovereigns. there are a lot of practical

reasons why sovereigns win out versus many other options not just kinesis, and usually sovereigns win

by a large margin.

14 hours ago, Stacktastic said:

Or swap them like for like.
I bet you could find someone on here who has a lot of gold coins & would prefer some nice chunky bars. 
Probably a dealer though. 

my guess is not without a noticeable percentage hit.(how many forum members have 500g worth of

cgt free gold to swap out?). I don't think the odds are that great and dealers need to make a profit.

9 hours ago, Pete said:

Added up this might amount to 10%

this is why I recommend that the op tries to time a spike up before selling. a 1+% spike up in a day should

hopefully be followed by a fill the gap move. if you time it to coincide with a larger cycle 'already over

bought' you can wait for a return to base of maybe 2%. it won't turn a profit for traders but you can stand

to reduce costs of buying and selling by ~3%. each cost reduction of 1% is £200 for each bar or a total

cost saving of maybe £1800 if it happens as planned. if op is unlucky/lucky enough for gold to make

significant rises after he has sold a bar then he'll be holding 1kg worth of gold plus about £22k worth

of waiting currency. which is not too bad a situation, all things considered(his 1kg of gold would probably

be no longer in the £red by then). what I'm saying is the risks should be minimal if he gets unlucky. he is

likely to have some costs swapping the bars for sovereigns but he can try a small risk way of reducing

those costs. it will take him some time and some planning but imo the cost saving of maybe £1800 is

worth the effort should he be able to pull it off. note op must sell his bars one at a time for the risk to stay

low.

I'm guessing selling bar cost of 2% and buying sovereigns cost of <5%(if you are buying in batches of

£5k each time, you can haggle for better prices as a repeat customer) so 7% in total. if he can save 3% on

favourable timing of the gold price then that gets reduced to 4%. (which is still £2400 in costs but is

better than the £4200 he would have paid).

(also learning about gold and it's price cycle should be useful for the future)

this is the best I can come up with right now.

HH

45 minutes ago, GoldStandardPartyUK said:

There's the fundamentals of increasing industry demand and shortage of mining supply, like Keith Neumeyer's talking points about gold to silver ratio out of the ground being closer to 8:1 or new mines 6:1. 

this is actually misleading information. silver has been at breaking point for years now,... really,...

breaking point,... counted in years and counting?

(what's keith neumeyer going to tell shareholders? the truth is that silver is rare but we simply

don't have enough uses for it right now(by volume), thus new silver mines is slow to pick up

because nobody wants to mine more of something that is already difficult to sell as it is. there

is no fundamental shortage of mining supply for a commodity that can satisfy 60% of it's global

demand through being mined as a by product of other primary metals mining.)

I am not saying that the silver price can't rise, just that there is no fundamental shortage of

mining supply to justify any rises beyond that of inflation.

HH

16 minutes ago, PeteUK1960 said:

I`m not hiding the fact I`m an idiot

I didn't say that.

you know that you should be holding the vast majority in gold sovereigns.

why is your next move to not fix your earlier mistake and make a plan to convert

the majority to gold sovereigns. how does transferring everything to kinesis enable you to

hold gold sovereigns?

the bars were only a mistake, we all make mistakes.

if you sell the bars and use the proceeds to buy sovereigns you should be fine.

this would incur a cost both when you sell and when you buy.

to reduce this cost you can try and time the markets.

you don't need to time it perfectly just a few % will reduce your cost to transfer.

to set up a plan to do this you should know a few things.

1. the gold price does not move up in a straight line.

2. you have time on your hands to wait for the gold price to drop after you sell.

3. the gold price has cycles.

4. you don't need to turn a profit, the aim is to reduce the cost to transfer from bars

to sovereigns.

I recommend you wait for gold to spike up in the next cycle(1+% rise in a day) then immediately

sell one of your bars. wait for gold to fall a few % from the price you sold at(this could take time),

then buy sovereigns in batches of £5k until you've transferred all the proceeds from that single

bar. wait for the next cycle and repeat with the other bars until complete.

you have time to plan out your next move.

HH

1 hour ago, PeteUK1960 said:

Yea that sounds like sound advice, I was hoping maybe I could deposit it into my Kenisis account but unfortunately once you have taken posession of your physical the chain of possession is broken and they will no longer take it, seems weird but thats what they told me over the phone. My fear for the imminent fate of Fiat and the inevitability of hyper inflation is freaking me out and being such a newbie I`m worried about doing the wrong thing. I`m contemplating waiting till my gold (and recent 10kg of silver) go into slight profit and selling then transferring everything into Kinesis. What do you think?

if you are holding gold to protect yourself from hyperinflation then why are you

even considering anything that is not bullion gold sovereigns?

HH

4 hours ago, Chrissyblards1 said:

I think we all secretly wish gold and silver went to the moon but it’s usually people pumping it for sale that earn the money from gullible individuals desperate to be rich rather than comfortable.

profits that you did not earn is wealth taken from someone else.

On 19/05/2021 at 15:15, albi1 said:

Now I wonder, if I invest in silver right now, is it possible to profit BIG without an "apocalyptic scenario" in the next 5 years or so. I am talking about profit which could be bigger 10+ times more than the initial investment. What do you think?

people trade silver. they invest in things that they can make progress on and grow.

HH

24 minutes ago, sixgun said:

This is quite possible now the gold and silver have been digitised and are spendable with a card - Glint and Kinesis are examples.

if you have to convert it to fiat currency first in order to buy something it's not exactly buying

in gold or silver is it? it's not like they are pricing goods and services everywhere in grams/toz

of silver.

HH

On 16/05/2021 at 13:36, dikefalos said:

Maybe this video from the silver joker brings an end to the discussion? 

 

maybe what speg or this person with a sigma machine could do is test a britannia silver

coin at 99.9% silver. does it read with the outside range bar similar to the wss bar or does

it read with an arrow?

HH

17 hours ago, OldCoin said:

WRONG, I actually agreed in part, if you read my comments and give it some reasonable thought you'd see I make a fair and reasonable argument on both sides and am prepared to look at the whole picture not just the surface.

https://www.thesilverforum.com/topic/47759-silver-squeeze/?do=findComment&comment=511835

which part? the part where you say to beat the shorters(implying shorting manipulation) then implying

that hence this hype is not a hype at all but a genuine move to 'correct' the price?

18 hours ago, OldCoin said:

Were on the cusp of a new breakout if they can't hold it back, I truly believe it. If it doesn't break highs then that doesn't mean I'm wrong just that they maintain the manipulation.

or this bit where if the future doesn't play out the way you want, you are right anyway?

HH

17 hours ago, OldCoin said:

One must question everything - that I believe, especially the MSM liars.

unless it supports your bias.

I have yet to see you question a single thing that supports your bias?

HH

2 hours ago, Groundup said:

I still believe it's more about egos and attitude between the two parties. A bit like what's happening here😎

you are the one that's trying to make it look like both sides are equally in the wrong.

nothing further from the truth. wss/jim is overwhelmingly in the wrong.

jenny did not get by silver weight that she had paid for. she talked to speg. speg

publishes that on his sigma that jenny did not get what she had paid for. speg also

publishes responses of how jim/wss was rude to him after that. did wss/jim take

offence to to speg questioning the purity of the silver bars?

both parties have ego problems but wss/jim ego problem is a lot bigger than speg's.

HH

55 minutes ago, Groundup said:

I never said you said it was a fake! And I never mentioned family in my post but you are adding it to the mix.. you are being slippery and trying it on. 

Shame on you...

more is not better.

fact is you have to extract the 3% platinum from the bar.

that may or may not be a problem.

your example is not representative of what is happening.

1 hour ago, Groundup said:

2 hours ago, HawkHybrid said:

 

yes a contemporary fake gold coin that used platinum is still a fake coin.

it's about qc and not market value.

substandard and sub market value are two different things.

you're not going to get much repeat business if you randomly replace orders with items

that are currently worth more.

 

HH

Expand  

How is it a fake. It's not pretending to Be anything other than a bar of silver. 

what are you saying if you are not claiming that I said it was a fake?

why were you quoting me if you are not claiming that I said it was a fake?

HH

4 minutes ago, Groundup said:

How is it a fake. It's not pretending to Be anything other than a bar of silver. 

I never said on any of my posts that it was a fake.

https://www.thesilverforum.com/topic/48414-spegtacular-banned-from-reddit/?do=findComment&comment=511212

in fact I specifically said that no one was questioning the fact that it is a physical silver

bar with actual silver content.

if it happens to be of lower purity than the stamped 999 silver then that is a real problem.

pay for 999 silver and get less purity at the same weight(effectively less silver). I'm defining

substandard as not getting what you paid for.

39 minutes ago, Groundup said:

I still believe it's more about egos and attitude between the two parties. A bit like what's happening here😎

 

it is about egos. wss has a real egos problem if they can't admit that sometimes they

would make mistakes. there are people on the forum who would turn a blind eye purely

because they believe wss are the good guys etc.(not to mention the fact that it would make

their existing physical silver go up in value if wss manages to push the premiums up).

20 minutes ago, Groundup said:

If my 2*hotel was overbooked and I got replaced in a 5* hotel is that substandard.

yes if you were the only one that got the 5 star hotel and the rest of your family had to

stay at the original 2 star hotel.(this would be comparable to what is happening here,

you don't get what you paid for and get part of something that might be worth more.)

it's not like they are replacing it with a platinum coin. (hypothetically they have replaced ~3%

of the coin with platinum, which would likely require you to melt the whole bar to extract).

jenny just wanted what she had paid for. if all the bars were just as good then I'm guessing

that she would like one of the just as good bars that would verify correctly on her sigma.

(similar to what speg has).

HH