Amount of silver bought

[HawkHybrid]

4 hours ago, Dutchsilverstacker said:

If you see the run on solarpanels and the amount of silver in them its just crazy how low the silverprice really is lol  people are crazy to not back up the truck  

 

no guessing required. photovoltaic accounts for ~80M oz

in 2018 or about 8% of the physical silver demand. hardly

what I'd call crazy amounts.(notice how coins and bars is

was double that)

https://www.silverinstitute.org/silver-supply-demand/

 

HH

[RacerCool]

On 13/02/2020 at 05:12, goldking said:

  Seth you've just dashed the hopes and dreams of pretty much everyone on this website!  But you're right : https://www.macrotrends.net/1470/historical-silver-prices-100-year-chart  It was $18 103 years ago and, oh look, it's still $18 today.  But they keep loading up the truck because "this time it's different"  .

So you're saying silver is a great hedge against inflation.

On 14/02/2020 at 01:42, Seth said:

It wasn't silver itself that bankrupted the Hunt brothers - they where the sons of a Texas oil billionaire so they actually  could and did settle their losses with silver the family fortune even survived and profited off of it, what bankrupted them was that they where sued in a civil court almost a decade later by a Peruvian mining company for loss of income.  Rather it was a change in the rules that cost the Hunt brothers a fortune, or moving of the goal posts, with regards to silver and all commodities future contracts, and exchange rules to do with leverage brought in on January 7 1980 in response to the Hunt brothers cornering of the silver markek, Tiffany - the jewellers, even took out a full page advert in he New York Times denouncing the Hunts brothers cornering of the silver market in March of 1980 stating ''We think it is unconscionable for anyone to hoard several billion, yes billion, dollars' worth of silver and thus drive the price up so high that others must pay artificially high prices for articles made of silver''.  The so called ''Silver Rule Number 7'', something that is still in place today is for the exact purpose of preventing a single person or entity from cornering the market in any commodity especially silver.

Says the ones who sell absurdly priced articles made of silver.

On 15/02/2020 at 03:08, StackerCollector said:

I agree. Statistics do not lie. I enjoy Mike Maloney's videos, charts and facts as well as the price of silver on the us debt clock  and the fact that one was able to buy a medium-priced house in the States for 500 ounces at one point - but if the "elite/ fiat conspiracy" or let us call them short sellers decide to keep the price of silver at the current level for the next 20 years, then we will see silver trading at $18 in 2040. No matter what supply and demand will be. 

Statistics can be manipulated. In fact, 35% of all statistics are simply invented by the presenter.

[StackerCollector]

Funny how some people say one can't make any profits with silver 😁

Friend of mine purchases mainly Perth Mint silver coins when they come out or when he sees a dealer selling them at discount. He holds them for 1-2 years and sells them with a 10-30% profit. He also buys big lots of various coins from dealers at a bargain price and sells those coins individually. And he just bought his third rental property - his flats are to a large extent financed from silver sales. 

One does not need 100% or more price swings of a commodity to make money. My buddy is happy with his 10-30% margins. All he does is "rinse and repeat."

[HawkHybrid]

3 hours ago, StackerCollector said:

Funny how some people say one can't make any profits with silver 😁

Friend of mine purchases mainly Perth Mint silver coins when they come out or when he sees a dealer selling them at discount. He holds them for 1-2 years and sells them with a 10-30% profit. He also buys big lots of various coins from dealers at a bargain price and sells those coins individually. And he just bought his third rental property - his flats are to a large extent financed from silver sales. 

One does not need 100% or more price swings of a commodity to make money. My buddy is happy with his 10-30% margins. All he does is "rinse and repeat."

 

a silver coin(bullion) is very different from a coin

which happens to be made of silver. your friend

traded in coins that just happen to be made of silver.

these coins have less connection with silver and

fluctuations in the silver price.

your friend could have traded other metal coins or

any other product. in this case it's the coin and not

the silver that is the redeeming feature.

(think qb coins, some happen to be made of silver)

 

HH