Silver Monitoring Thread £ (GBP) only.

[Minimalist]

1 minute ago, HawkHybrid said:

it's rubbish because it's irrelevant and purposely there to add complication.

So, let me get this straight. Asking where the 45% of annual supply (that doesnt exist) on a short is "irrelevant and purposely complicated"

Astonishing… Astounding… Incredible… 

[HerefordBullyun]

12 minutes ago, Martlet said:

Trillions of derivatives in so many different markets, say a market can do this, quite legally. 

 

Thats the point - derivatives caused the last financial crash and junk bonds. Why have belief in a system thats made on piece of paper that actually doesnt deliver on whats written in the contract. Its absolute lunacy and propping up a ponzi scheme.....

And if you really beleive its legal youve A) been duped by the banking cartel and b) duped by the government who the banks held a gun to the governments head and said bail us out or your political power is doomed, when the crash happened 2008. People like Charles Ponzi would love you!  Ive got some tuplip bulbs - 1 will swap you them for your stack. PM me your address, thier the next best thing! honest!  

So you think its convienient you can just swap bits of worthless contracts to get more devalued worthless fiat?  

Edited September 30, 2021 by HerefordBullyun

[Martlet]

17 minutes ago, Minimalist said:

Show me where 45% of annual supply Short was yesterday. You cant, because it doesnt exist - the action was to suppress the price.

I'm confused as you are the one making the claim.  Presumably volume for a lot silver was traded, good job it wasnt physical as that would really suppress the price. 

[Minimalist]

2 minutes ago, HerefordBullyun said:

Thats the point - derivatives caused the last financial crash and junk bonds. Why have belief in a system thats made on piece of paper that actually doesnt deliver on whats written in the contract. Its absolute lunacy and propping up a ponzi scheme.....

Told you. They think its essential that the Bankers should keep lying and creating fantasies out of thin air. That its fair. That it benefits us. Its insane. Yet we are branded as conspiracy theorists HAHAHAAHAHAH

[Martlet]

4 minutes ago, HerefordBullyun said:

Thats the point - derivatives caused the last financial crash and junk bonds. Why have belief in a system thats made on piece of paper that actually doesnt deliver on whats written in the contract. Its absolute lunacy and propping up a ponzi scheme.....

I can see the problem here. Theres a difference between how one would like things to be, and how the world actual works. We adapt to it or howl at the moon about how wrong it all is. That is lunacy. 

[Bigmarc]

It's a interesting read, even tho most of you can't agree. Out of interest, why would you be invested in a market you believe is manipulated? Can't be healthy for the head.

[HerefordBullyun]

9 minutes ago, Martlet said:

I can see the problem here. Theres a difference between how one would like things to be, and how the world actual works. We adapt to it or howl at the moon about how wrong it all is. That is lunacy. 

So basically your a supporter of immoral money, enslavement by debt and pass it on to your children and thier children? Well done you must be so proud!  Dividing the gap between the rich and killing the middle  and working class also. Its baby boomers whos shafted people like me and many others to get on the housing ladder for self efecasted greed. Walk a mile in those shoes........

I think its far from luanacy - all that we see at the moment is socialism for the super rich. If you really understood Mises economics NO one would pay tax how does that sound or are you already a part of 1%, that dont pay it already? are you writing the response this from your yacht in the maldives?

 

Edited September 30, 2021 by HerefordBullyun

[Minimalist]

9 minutes ago, Martlet said:

I can see the problem here. Theres a difference between how one would like things to be, and how the world actual works. We adapt to it or howl at the moon about how wrong it all is. That is lunacy. 

So… We should just adapt to it? Im sorry but that is completely unacceptable.

[Minimalist]

4 minutes ago, Bigmarc said:

why would you be invested in a market you believe is manipulated? Can't be healthy for the head.

Im sorry, what? What do you mean, "you believe is manipulated"? Are you doubting it being manipulated? 
 

I gave this answer to HH the other day, its matter of history between right and wrong overtime. 

[HerefordBullyun]

BTW @Martlet Me @Minimalist and @sixgun are giving you the solution to the morality of money.

Yes we know lifes not fair, but people like yourself who blindly support it - are the cancer not the cure. Another punchbowl sir, for an already drunk ecomony?

Japan 20 Years 0% intrest rates ECB 10 years 0% interest rates UK 5 years near 0% intrest rates, The FED 3 years near 0% interest rates. Can you see what the junk bond market and Deraritives have done. Killed prosperity! You want that for you and the future of your family?

 

[OldCoin]

18 minutes ago, Minimalist said:

Im sorry, what? What do you mean, "you believe is manipulated"? Are you doubting it being manipulated? 
 

I gave this answer to HH the other day, its matter of history between right and wrong overtime. 

Exactly, just keep buying it's a waiting game, and one day you'll be real glad you did. Probably real soon when all hell breaks loose in every market, but when is not the most important thing, main thing is you have it and enough to see you through.

[Minimalist]

Just now, OldCoin said:

Exactly, just keep buying it's a waiting game, and one day you'll be real glad you did. Probably real soon when all hell breaks loose in every market, but when is not the most important thing, main thing is you have it and enough to see you through.

100% mate.

[Bigmarc]

58 minutes ago, Minimalist said:

Im sorry, what? What do you mean, "you believe is manipulated"? Are you doubting it being manipulated? 
 

I gave this answer to HH the other day, its matter of history between right and wrong overtime. 

Why do I always read you messages with a angry Scotsman voice in my head? 

I don't doubt it at all, I'm on the fence tho as to whether anything will change and for a long time I have just come to the acceptance that this is the market we have decided to operate in. Personally I do it for the metal, have done since I was a kid. I like copper, Tin, silver and now gold and it generally makes me happy. I am no where near clued up or intelligent enough to get involved with this conversation and just asked a simple question. I could ask another if you like to the other side (even tho my question was not generally directed at you). 

If the market is not manipulated and there is no room for a correction then why would you be invested, taking in consideration the poor growth in history?

[Minimalist]

3 minutes ago, Bigmarc said:

I don't doubt it at all, I'm on the fence tho as to whether anything will change and for a long time I have just come to the acceptance that this is the market we have decided to operate in. Personally I do it for the metal, have done since I was a kid. I like copper, Tin, silver and now gold and it generally makes me happy.

Thats fair enough. Nothing wrong with it being a hobby and making you happy.

4 minutes ago, Bigmarc said:

I am no where near clued up or intelligent enough to get involved with this conversation and just asked a simple question. I could ask another if you like to the other side (even tho my question was not generally directed at you). 

To try and put it as simple as possible, in my opinion, the closest analogy would be as follows.

When you purchase something on Ebay, you expect it to be delivered to you… Right? 
Well, its like purchasing silver (through the paper markets) and it will never ever be delivered… Ever. Be under no illusions, this applies to other financial products as well. Then the Bankers who created these ponzi schemes/mess gets bailed out. Thats not fair is it? Its an outrage!

Yet, people in here are saying its "irrelevant" "it doesnt matter" "adapt to it". That is an insane position to take.

12 minutes ago, Bigmarc said:

If the market is not manipulated and there is no room for a correction then why would you be invested, taking in consideration the poor growth in history?

By this part of your post it indicates that you dont fully grasp the system. The Bankers are suppressing the real growth and progression of the economy, its that simple.

[HerefordBullyun]

@Bigmarc Have a look at the best financial doucmentaries thread, I started - Its all relative to the whys, we collect silver and other PM's. When I left the military I had to join the dots - why was I going to war? what was the real reason. It came down to one single thing. Money. Theres a wealth of good docus on there if you havent seen them.

[Roy]

When I buy shares in McDonald's should I expect a free delivery?

[Minimalist]

2 minutes ago, Roy said:

When I buy shares in McDonald's should I expect a free delivery?

Are you actually trying to equate a McDonalds share to a Metals contract? You cannot be serious… If you are I am astounded.

[Roy]

Yes, buying a share in a company is the same as buying a derivative. I don't want to own it and take delivery, I want to hold it until it appreciates and then sell it.

[HerefordBullyun]

11 minutes ago, Roy said:

Yes, buying a share in a company is the same as buying a derivative. I don't want to own it and take delivery, I want to hold it until it appreciates and then sell it.

No. A silver contract is you are buying a piece of vaulted silver and the guarantee is that silver is accounted, audited for and physically exists. That's the difference. Go and try take delivery of the contract.... In SLV. 

You are within your rights to take delivery. Unless the contract says so. Which again is madness to sign up for.

I get the fiat convenience scheme. But there  will be an end game and it's going to bankrupt a lot of people.

But as in the rules monopoly the banks cant run out of money means devaluation of currency. And if you don't have anything physical divisible and fungable behind that silver contact. You may as well wipe your ronson with it.

 

Edited October 1, 2021 by HerefordBullyun

[Minimalist]

10 minutes ago, Roy said:

Yes, buying a share in a company is the same as buying a derivative. I don't want to own it and take delivery, I want to hold it until it appreciates and then sell it.

No it isnt. If I buy a share, I own the company. If I purchase silver futures I expect delivery unless close the contract before the expiry date. You dont have that in shares. Unless you are talking specifically about CFDs.

[ady]

What if the price of silver is what it is. I always understood it to be the first metal to go extinct and thought a good investment. What if hidden technology & zeropoint energy become revealed will silver really have a value?

[silversky]

All paper markets are manipulated.  It's a sad reality, but there's nothing particularly special about the manipulation in Silver.  Yes it's annoying, but other commodities see highly leveraged, non-deliverable shorts, attempting to force their prices down.  Some do it for an instant profit, others so that they can buy cheaper deliverable futures from legitimate producer sales.  Some producers get squeezed into selling at a loss, just trying to keep going and pay the bills, with some eventually ending up going bust.  Supply drops off and physical shortages mean that the paper price detaches from reality.  In a healthy market, paper and physical would be closely correlated.  But these types of problems are popping up everywhere.  It's really about the financialisaton of everything.  A huge industry has been built up around making money from producing no product or service for anyone but the trader.  The futures markets were supposed to offer producers long term security, but instead they've become a casino for banksters and hedge funds.  But even like this, Silver producers still use the futures market!  And they still accept the poor prices for their product, because it offers some stability and the ability to choose ore grade in advance of production.  They only abandon the paper markets when the discount becomes too crazy and they end up just accepting the physical rate on the day.

When paper becomes that stretched from reality, buyers and sellers of physical are still trading.  They just do it off exchange in private deals.  If the demand is significantly higher than supply though, and there really is nothing left to deliver, then there's nothing on earth that can stop that from being expressed in their agreed physical price.  Nothing!

Take for example the newspapers recently complaining that petrol stations were gouging the poor motorist.  It was seen as disgraceful that petrol stations were selling fuel at £2 a litre!!  Clearly as supply ran short, the price went up.  What's actually wrong with that???  In fact, I think it didn't go up quick enough, and not enough stations got round to raising their prices!!!  If more of them had ramped the price up quickly, those who barely drive would've stayed at home rather than filling up both cars full. Just about everyone I know has a full tank of fuel now, and they're not going to need any more of it for a while.  Prices will be back to normal soon in those independent stations.

Everywhere you look, there's a battle between producers, retailers and users.  It's been going on for centuries in the rice futures market, and it's not going to come to an end even if we abandon fiat currency.  It's the nature of buying and selling for profit.

Anyway, these days, Silver is essentially performing like a base metal.  People might wish for it to perform as a monetary instrument, (myself included btw), but it's not going to until the day that fiat currency is completely destroyed in a hyper inflation catastrophe.  Only then, when gold is too expensive for the masses, will Silver make a comeback.  But those conditions for Silver to return to being precious, are highly unlikely in the current system.  For now at least, it remains an industrial metal with a value essentially related to the cost of mining it, and to it's future scarcity as deposits wane. Silver regaining the glory days of being a monetary instrument is I'm afraid, just a pipe dream. 

Now, if they were to stop charging VAT on physical copper... and they started making lovely ten kilo Britannias... I'd be a copper bug in a heartbeat!!! 

[Minimalist]

2 minutes ago, ady said:

What if the price of silver is what it is. I always understood it to be the first metal to go extinct and thought a good investment.

Its not, why do you and other members insinuate this possiblity when it isnt. Its been admitted that it isnt. Even the whole system is a lie, Greenspan infered it with his assumptions speech that he was all wrong while in office (deep down he knew he just wanted the purchasing power/salary and threw the average american/western below the bus).

5 minutes ago, ady said:

What if hidden technology & zeropoint energy become revealed will silver really have a value?

It is hidden. If the technology went public, and the technology needed silver, the price would explode.

Look, the system is built on sand and its marked up on artifical data where each promise to pay is predicated on ponzi operations.

You think the Fed/Big Oil are going to compromise on technologies that give us, the people, free-abundant-decentralised energy systems that do not require the Fed crediting Middle Eastern governments accounts and our citizens accounts with dollars? They arent going to accept that.

We know deep down the resources that make us free are manipulated in price. We are provisioned to carry out labour on their terms/system. Wars are created to expand the dollar system and provision the foreign government into accepting the petrodollar system.

Zeropoint, ufos, interdiamentions, stanley myers water-engine-car all this stuff branded as "conspiracy theories", "nut jobs", "lunatics" on purpose to supress.

Its a farm - prison - for the cartel and the intelligence people/deep state to control our short existance. Thats the truth and no one can convince me otherwise.

[Minimalist]

Thing is though @silversky any large Bank, even the BIS, can naked short the futures with limit orders and spoof the markets. They drive the price. Miners/production mark up on spot price. How is that fair? Im not insinuating that you are for it but we know where we are heading. The Banks control the price its undeniable here.

EDIT; and BTW, some resources are flashing hyperinflation, not all, but some. Yet, the Fed and BoE are using manipulative measures/data to mask the deception. Thats the problem, most of the financial people actually believe the prices that are market up are genuine and not manipulated one way or another. 

Edited October 1, 2021 by Minimalist

[HawkHybrid]

1 hour ago, HerefordBullyun said:

A silver contract is you are buying a piece of vaulted silver and the guarantee is that silver is accounted, audited for and physically exists.

what is the difference between 1 toz of vaulted silver and a silver contract for 1 toz?

(think of the difference between owning a car versus having insurance on a car or, owning the deeds to a house

versus collecting mortgage payments on a house)

 

HH

Edited October 1, 2021 by HawkHybrid