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CollectorNo1

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  1. Like
    CollectorNo1 reacted to Martlet in Silver squeeze   
    This retail silver squeeze doesnt work, unless the plan is to make money for the dealers.  100,000 buy their 100oz, until the dealers are out of stock They probably dont hold 10m oz collectively anyway so a lot of people wont get their 100oz.  The dealers put in orders to the wholesalers, mints for new stock next week and in the queue for delivery. 
    And wait. At some point they'll get their new stock. Or not, who knows. However, the effect on the upstream market is diminished because of those delays and steps between demand and supply. This isnt like a short squeeze on a stock where there is a single market, one source of supply and demand funnelled together.  The "signal" from the demand surge will be filtered out through the dealers, wholesales, mints and finally make through to exchanges to affect futures pricing.
  2. Like
    CollectorNo1 reacted to sixgun in Silver squeeze   
    As i have said i have followed and joined in WSS on Reddit since the beginning. i have watched all the videos. i know some of the movers involved. 
    Some members here have put forward the view it is never going to get anywhere. It is a bunch of wam bam thank-you mam characters.
    That all this will do is give dealers bigger profits and make it hard for all of us.

    i have a different view - let's say more information. 

    Some members think the cartel is all powerful and undefeatable. i understand that view. We have heard time and time again that silver is going to the Moon. We heard the usual culprits in the past spouting BS, claiming that silver will be X price by a certain time. We have seen nearly all these predictions fail. We have been on the edge of our seats thinking that this time price is going to break out....and it hasn't. A goodly number of us have lived through the bear market which pretty much started 10 years ago. We thought it was over and then in March 2020 came another massive smash. 
    So i get it that some people might think this is just the usual BS. 
    i have posted here the facts. Not attacking anyone. Just posting some facts. 
    The paper scheme will only be broken when the bankster system is drained of metal. This movement is pushing hard with PSLV for example which is pulling 1000 oz bars out of the system. Most days 200 - 400 thousand ounces are onboarded into the PSLV. Some days the SLV goes down, it is very rare the SLV inventory goes up now. Week after week, millions of ounces are getting pulled out of the clutches of the banks. In January they actually had the LBMA on the back foot and the LBMA admitted it. The reality was the SLV didn't have the silver in its inventory - it was just paper certificated.
    People like Jim Forsythe are pushing for sound money. He's just got his website up https://www.citizens4soundmoney.org/
    i know him through Kinesis and hear from him everyday as he is also an Ambassador for Kinesis. Kinesis is helping Jim - it is a symbiotic. He used to be the US senator for New Hampshire and worked as the campaign manager for Ron Paul. He's got a lot of other connections. There's quite a lot of muscle building up behind this movement now.
    So working with people who are working on this i have a very different insight and naturally will come here to correct anything that i believe is factually wrong or at least not completely correct.
  3. Like
    CollectorNo1 got a reaction from Edeline in Silver squeeze   
    Lol....well I havnt got a clue about what everyone is saying..paper silver etc...only been collecting for almost 2 years..stacking as much silver that I can afford at the cheapest prices.. to me its all relative...if spot is £18-19 per oz and I'm paying a little over premium..in 5 years which is my target to accumulate as much silver..and gold and the spot prices are higher..premiums are higher.....I can't lose...but it could go the other way..as collectors and stackers in preciousmetals..that's the gamble..as in stocks n shares...they can go up or down..we are all in the same boat when speculating......"FACT"..
     
  4. Like
    CollectorNo1 got a reaction from SilverStorm in Silver squeeze   
    people people,people......we all love silver,gold..collecting and looking at our stacks,that's what we all have in common.
    We invest,gamble and hope one day our days of buying precious metals might give us a profit for our sacrifices..but there is no need for abuse..we all have our own opinions and reasons for what we do,collect..stack..invest or just do what we do for our future...let's not get nasty..but work together,share knowledge and advice...and hopefully we all profit from that...
    🙂🙂🙂🙂
  5. Like
    CollectorNo1 got a reaction from stefffana in Silver squeeze   
    people people,people......we all love silver,gold..collecting and looking at our stacks,that's what we all have in common.
    We invest,gamble and hope one day our days of buying precious metals might give us a profit for our sacrifices..but there is no need for abuse..we all have our own opinions and reasons for what we do,collect..stack..invest or just do what we do for our future...let's not get nasty..but work together,share knowledge and advice...and hopefully we all profit from that...
    🙂🙂🙂🙂
  6. Like
    CollectorNo1 got a reaction from CaptCaveMan in Silver squeeze   
    people people,people......we all love silver,gold..collecting and looking at our stacks,that's what we all have in common.
    We invest,gamble and hope one day our days of buying precious metals might give us a profit for our sacrifices..but there is no need for abuse..we all have our own opinions and reasons for what we do,collect..stack..invest or just do what we do for our future...let's not get nasty..but work together,share knowledge and advice...and hopefully we all profit from that...
    🙂🙂🙂🙂
  7. Like
    CollectorNo1 got a reaction from stefffana in Silver squeeze   
    Silver squeeze =YouTube advisors..(being kind) = pressure on telling everyone to purchase 100oz of silver by May 1st = FOMO= newbies buying silver...BUT..WHAT HAPPENS....dealers will not sell - spot prices go up..and in 24 hrs come crashing down....# INCREASED PREMIUMS.....
     
  8. Like
    CollectorNo1 reacted to Nowhereman in Silver squeeze   
    I've been stacking/collecting for a few years now and the biggest regret I have is not joining the forum earlier.  Its definitely broadened my knowledge and introduced me to an Aladdin's cave of opportunity and some great deals. I stack for profit,  I collect what I really like and I display some really nice hand poured pieces around my house where I can pick up and admire them whenever I like. It definitely helps if you have genuine passion for the metal and designs and not just the cold hard maths.
     Putting a decent portion of my savings in to  physical silver and gold is at worst a hedge but the way fiat is being crushed by QE it has the potential to be so much more. Global debt is running out of control and the talk of a Great reset isnt a conspiracy theory anymore but openly talked about at Davos and has alarm bells ringing for me. I believe there is trouble ahead and metals always do well in these times of uncertainty. Silver and gold is a currency that can exist outside of fiat and digital currency and its rules.
    I know there are a lot of alarmist doom sayers out there with their tales of catastrophe but a broken clock is right eventually and when I think rationally about the current economic situation of the world then something has to give soon. And as they say, "why waste a good disaster "
  9. Like
    CollectorNo1 reacted to Bigmarc in Silver squeeze   
    No one can predict any market. The same as you I have been collecting for a few years and am relatively new here. I have learned so much from being here that I have completely changed the way I approach the metals market. Yes we are all in the same boat when it comes to the the pricing but just reading about all the experiences good and bad, also reading the different strategies is very beneficial. 
  10. Like
    CollectorNo1 got a reaction from dikefalos in Silver squeeze   
    Silver squeeze =YouTube advisors..(being kind) = pressure on telling everyone to purchase 100oz of silver by May 1st = FOMO= newbies buying silver...BUT..WHAT HAPPENS....dealers will not sell - spot prices go up..and in 24 hrs come crashing down....# INCREASED PREMIUMS.....
     
  11. Like
    CollectorNo1 reacted to Bigmarc in Silver squeeze   
    Don't apologize, you have done nothing wrong.
  12. Like
    CollectorNo1 got a reaction from Bigmarc in Silver squeeze   
    Silver squeeze =YouTube advisors..(being kind) = pressure on telling everyone to purchase 100oz of silver by May 1st = FOMO= newbies buying silver...BUT..WHAT HAPPENS....dealers will not sell - spot prices go up..and in 24 hrs come crashing down....# INCREASED PREMIUMS.....
     
  13. Like
    CollectorNo1 got a reaction from Bigmarc in Silver squeeze   
    Sorry if I offended you and your views...but like you I have my views...whether they are right or wrong....I respect your views please be respectful of mine.
    Regards.
  14. Like
    CollectorNo1 got a reaction from stefffana in Silver squeeze   
    Hi
    I'm the same..buy as much as my budget will allow.....the only thing that comes out of these so called "Silver squeeze " 2nd one in a few months..is the spot price might go up..but so do the premiums, so really no one wins..apart from the bullion dealers which get special services from the mint when they bulk buy!!!@ but who pays...us..🙄🙄🙄🙄🙄
  15. Like
    CollectorNo1 reacted to DaKine in Silver squeeze   
    Looks like a massive grab for money by the online dealers. Silver is not that scarce, just at the price we see. People are sitting on LARGE amounts of it. There is so much hype on it, that it is simply ridiculous IMO.
    I've gotten to the point where I really don't care about it at all, and only if the design is right will I buy any.  All this "excitement" really has an element of fake to me, just not that big a deal. Will watch this market with only marginal interest....
  16. Like
    CollectorNo1 reacted to Coverte in Silver squeeze   
    I usually think in USD, as I bought a lot of USD in 2007 at almost 2:1, and am now getting out of the balance left - some via Silver & Gold.
    I'd be happy with a slow climb to the $45 area, but hoping North of $50 - so about £35- £38 as an average would suit me fine.
  17. Like
    CollectorNo1 reacted to Bigmarc in Silver squeeze   
    Paper silver... 
    I pay 1.5% per trade to a company that holds it in a vault in their name. I have a paper contract to say it's mine. When I sell sell I have to pay 1.5% again. No vat, no premiums and also no physical purchase. It's not ideal and goes against why I stack in the first place but when a good deal comes up on physical the trade is instant and the money is there. 
    As for the comex squeeze, I'm just not one to follow popularity, I enjoy the whole process of working out my own way forward. 
     
  18. Thanks
    CollectorNo1 reacted to Bigmarc in Silver squeeze   
    Because of the premium's is why I have gone into paper. I can keep my hand in the silver market for as long as it takes for the premiums to come down. Then I will convert into physical. Gold is a good buy at the moment. I have a generally low budget every month, so I have to maximize where that fiat goes to make a difference. 
     
  19. Like
    CollectorNo1 got a reaction from Bigmarc in Silver squeeze   
    I agree.....it seems to be starting to get out of hand Re:Britannia's...but for Kooks,Brumby,Pandas,Koalas well its ridiculous the premiums on those....what frustrates me is in the USA....they can buy 1oz Silver coins for $5 over spot because they have no taxes to pay...but that could be changing soon according to president Bidens plans to hike CGT etc....
     
  20. Like
    CollectorNo1 got a reaction from Hunter87 in Silver squeeze   
    So many different views,opinions...me, I'm in it long term so spot prices do not make me worry one way or another...premiums on the other hand are out of all our control... I believe Silver and Gold will rise significantly in the next few years,especially Silver..so am content to buy as much as I can and hope for a decent return...after all precious metals aren't an investment but a savings account in my opinion. 
     
    Cn1
  21. Like
    CollectorNo1 got a reaction from DudeDave in Silver squeeze   
    So many different views,opinions...me, I'm in it long term so spot prices do not make me worry one way or another...premiums on the other hand are out of all our control... I believe Silver and Gold will rise significantly in the next few years,especially Silver..so am content to buy as much as I can and hope for a decent return...after all precious metals aren't an investment but a savings account in my opinion. 
     
    Cn1
  22. Like
    CollectorNo1 got a reaction from dicker in Silver squeeze   
    I agree.....it seems to be starting to get out of hand Re:Britannia's...but for Kooks,Brumby,Pandas,Koalas well its ridiculous the premiums on those....what frustrates me is in the USA....they can buy 1oz Silver coins for $5 over spot because they have no taxes to pay...but that could be changing soon according to president Bidens plans to hike CGT etc....
     
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