Silver squeeze

[Roy]

I missed out on the 'great QB completer swindle' so I had money to park.

Allocated vaulted not physical, but every little helps 🙂

[Roy]

26 minutes ago, sixgun said:

i got my silver off the Silver Forum. I'm a true patriot.

Shipping is expensive to Asia and would you trust Philippine customs?!

[sixgun]

1 minute ago, Roy said:

Shipping is expensive to Asia and would you trust Philippine customs?!

i don't know Philippine customs but there are some dodgy characters in the world especially when it comes to high value swag.
 

[Roy]

So what will the silver price be on Monday morning? Or Tuesday, bank holiday?

[stefffana]

On 29/04/2021 at 19:07, CollectorNo1 said:

So...anyone got a prediction of the Silver spot price at the end of the year???

At the end of 2021 i suppose will be stabilised around £20/oz. The real pressure will be later, when industrial demand will be much higher than now and the supply from mines will be lower than now. This will come in my opinion in three to five years from now. 

Also, this focused attention in media about silver is good. Probably in the last year the number of silver stackers was doubled around the world, putting pressure as well on the supply chain. And silver is addictive.😊

[Coverte]

There are a large number of high net worth people, plus some places demanding physical, not paper, that may speed the effects of a rise faster:

This guy's take on the market is pretty good in my opinion:

A slow rise is always better than a leap: look at the massive hike Palladium - a fast drop came pretty soon.

 

Edited May 1, 2021 by Coverte

[sixgun]

This is what is really happening in the Silver Squeeze 2

 

 

[Nowhereman]

1 hour ago, stefffana said:

At the end of 2021 i suppose will be stabilised around £20/oz. The real pressure will be later, when industrial demand will be much higher than now and the supply from mines will be lower than now. This will come in my opinion in three to five years from now. 

Also, this focused attention in media about silver is good. Probably in the last year the number of silver stackers was doubled around the world, putting pressure as well on the supply chain. And silver is addictive.😊

This silver squeeze is all about making a quick buck which it might achieve short term until they cash out and dump their investments driving the price down again.  Personally I'm in it for the marathon,  silver is undervalued and has good potential to do well in the future. And if i never cash out I can give it to my kids tax free ( if i still like them as grown ups).

 Totally agree with the addiction comment,  I have to consciously rein myself in all the time so I dont go over the top and all in on precious metals. I try and keep a more balanced attitude to my stack and collection and still have a life.

[SamsonDD]

3 minutes ago, Nowhereman said:

This silver squeeze is all about making a quick buck which it might achieve short term until they cash out and dump their investments driving the price down again.  Personally I'm in it for the marathon,  silver is undervalued and has good potential to do well in the future. And if i never cash out I can give it to my kids tax free ( if i still like them as grown ups).

 Totally agree with the addiction comment,  I have to consciously rein myself in all the time so I dont go over the top and all in on precious metals. I try and keep a more balanced attitude to my stack and collection and still have a life.

The only thing I would say about the new blood coming into the market is that they have been well educated and I think there has been a good emphasis on the long-term holding of silver.  A lot of these guys are not just planning on jumping out after a bit of a rise.  They (of which I am one) are in it to make a change in the world, and that starts with burning these banks to the ground, and reseting things (not in the way WEF, IMF, IBS etc etc want).  We the people are rising up against the corrupt system.  I don't think there has been a market correction like this one.  

[TommyTwoShots]

4 minutes ago, SamsonDD said:

The only thing I would say about the new blood coming into the market is that they have been well educated and I think there has been a good emphasis on the long-term holding of silver.  A lot of these guys are not just planning on jumping out after a bit of a rise.  They (of which I am one) are in it to make a change in the world, and that starts with burning these banks to the ground, and reseting things (not in the way WEF, IMF, IBS etc etc want).  We the people are rising up against the corrupt system.  I don't think there has been a market correction like this one.  

Agree except nothing will change and no one will rise up.

[Coverte]

5 minutes ago, SamsonDD said:

The only thing I would say about the new blood coming into the market is that they have been well educated and I think there has been a good emphasis on the long-term holding of silver.  A lot of these guys are not just planning on jumping out after a bit of a rise.  They (of which I am one) are in it to make a change in the world, and that starts with burning these banks to the ground, and reseting things (not in the way WEF, IMF, IBS etc etc want).  We the people are rising up against the corrupt system.  I don't think there has been a market correction like this one.  

 

Great response - very little I could add except for following my belief in "Bad money pushes out good" - as referred in "Greshams Law" :

https://en.wikipedia.org/wiki/Gresham's_law

I am hoping, like you, this is what the millennials and also generation X & Z buyers wanting to change the world will both understand and follow.

[SamsonDD]

2 minutes ago, TommyTwoShots said:

Agree except nothing will change and no one will rise up.

Tommy you strike me as an experienced investor and one who has grown a bit cynical 🤣  I just think this is a different world now but I understand how you take the view you have.

Just now, Coverte said:

 

Great response - very little I could add except for following my belief in "Bad money pushes out good" - as referred in "Greshams Law" :

https://en.wikipedia.org/wiki/Gresham's_law

I am hoping, like you, this is what the millennials and also generation X & Z buyers wanting to change the world will both understand and follow.

Amen brother

[NewCoins]

3 hours ago, Roy said:

I missed out on the 'great QB completer swindle' so I had money to park.

Allocated vaulted not physical, but every little helps 🙂

Swindle? Perhaps.

But you also missed out on a beautiful coin

[Roy]

Yes I did.

Because the orders were taken by people who have been into coins for a few weeks.

Flippers who prevented the collectors from finishing the set completely. 

Collectors who have spent five years building a wonderful collection and housing them in a bespoke box made by our @Alun.

You make me sick.

Edited May 1, 2021 by Roy

[NewCoins]

3 minutes ago, Roy said:

Yes I did.

Because the orders were taken by people who have been into coins for a few weeks.

Flippers who prevented the collectors from finishing the set completely. 

Collectors who have spent five years building a wonderful collection and housing them in a bespoke box made by our @Alun.

You make me sick.

I didn't mean to offend you. I was only pointing out it's a very beautiful coin.

I would be grateful if you could explain why that makes you sick?

[Roy]

Millennial response. 

Probably gastroenteritis? 

[Nowhereman]

53 minutes ago, SamsonDD said:

The only thing I would say about the new blood coming into the market is that they have been well educated and I think there has been a good emphasis on the long-term holding of silver.  A lot of these guys are not just planning on jumping out after a bit of a rise.  They (of which I am one) are in it to make a change in the world, and that starts with burning these banks to the ground, and reseting things (not in the way WEF, IMF, IBS etc etc want).  We the people are rising up against the corrupt system.  I don't think there has been a market correction like this one.  

Fair enough, but the catch 22 of it, is you will cash out into an increasingly doomed fiat system. The WEF and IMF are pushing for a digital currency (where every transaction is recorded and taxable at source) and will only pay lip service to saving fiat as they now have a new agenda to push.

Although crypto is outside of the system it is unreliable in my opinion. It is measured and ultimately valued in fiat currency and I dont really understand it enough to have faith in it.

Silver and gold however are the oldest forms of currency in the world with real intrinsic value, genuine rarity and industrial demand. It can survive out of the system with the ability to cash back into any system when needed. That is why I think you should stack a bit more longterm as the future is looking a bit unreliable .

 

[NewCoins]

13 minutes ago, Roy said:

Millennial response. 

Probably gastroenteritis? 

Millennial? Far from it Roy.

You just sound like a bitter old fool. I suggest you change your attitude.

[Coverte]

20 minutes ago, Roy said:

Because the orders were taken by people who have been into coins for a few weeks.

Flippers who prevented the collectors from finishing the set completely. 

Collectors who have spent five years building a wonderful collection and housing them in a bespoke box made by our @Alun.

Roy - if it's any consolation, the sort of people to who you refer, can get things entirely wrong and end 'upside down' with their "Flipping Ideas" (deliberate double entendre intended!!)

Once their idea/s fail, they often want money fast, to bail and get into a new idea - therefore, I hope, your chance to buy the coin/s you missed, may, I hope, come again.

[SamsonDD]

2 minutes ago, Nowhereman said:

Fair enough, but the catch 22 of it, is you will cash out into an increasingly doomed fiat system. The WEF and IMF are pushing for a digital currency (where every transaction is recorded and taxable at source) and will only pay lip service to saving fiat as they now have a new agenda to push.

Although crypto is outside of the system it is unreliable in my opinion. It is measured and ultimately valued in fiat currency and I dont really understand it enough to have faith in it.

Silver and gold however are the oldest forms of currency in the world with real intrinsic value, genuine rarity and industrial demand. It can survive out of the system with the ability to cash back into any system when needed. That is why I think you should stack a bit more longterm as the future is looking a bit unreliable .

 

I don't think I disagree with anything you have said there.

Who knows where this thing ends?  I take the view that the system is corrupt to the core, including the government (as illustrated in their self-harming overreaction to the scamdemic to justify their tyrannical oppression) and especially the media who clearly simply act as a mouthpiece for the powers that be.  We the people have been oppressed for long enough and this is a first step in us setting about change.  Will it change how the world looks... probably, but so long as we get our freedoms back, I will be happy.  Many might be happy to go along with the Covid-1984 narrative but I completely reject it and see it as part of the whole plan to walk the world into a new world order.  We have an opportunity to shut them down before the trials begin and we give ourselves a bit of respite until the next attack!  haha Ultimately, we're delaying the inevitable (as shown in Revelation) but I kind of like the idea of taking down a corrupt system once in my lifetime.  It might be head in the clouds for some, but there are plenty of people awake and taking action.

The silver movement is a broad church and your reasons for investing in silver I get entirely.  I wish I didn't believe the world needed to change so radically, but I do.  Therefore, my purchases are not just for wealth perseveration or otherwise, they are political, philosophical and passionate.  Plenty of p's in there haha

[dikefalos]

1 hour ago, Nowhereman said:

This silver squeeze is all about making a quick buck which it might achieve short term until they cash out and dump their investments driving the price down again.  Personally I'm in it for the marathon,  silver is undervalued and has good potential to do well in the future. And if i never cash out I can give it to my kids tax free ( if i still like them as grown ups).

 Totally agree with the addiction comment,  I have to consciously rein myself in all the time so I dont go over the top and all in on precious metals. I try and keep a more balanced attitude to my stack and collection and still have a life.

I'm really addicted and still have a live. Just my wife got less shoes, LV bags and stuff like that. 

[Roy]

12 minutes ago, NewCoins said:

You just sound like a bitter old fool. I suggest you change your attitude.

You're correct. I am a bitter old fool.

A miserable old b*stard. 

But don't dare tell me to change my attitude.

 

[HerefordBullyun]

2 minutes ago, Roy said:

You're correct. I am a bitter old fool.

A miserable old b*stard. 

But don't dare tell me to change my attitude.

 

Like a fine wine @Roy strained through the knickers of a miserable old nun! Maybe like a bottle of blue nun

We all cant be everyones taste in life - but my motto is -  Who cares!

[HerefordBullyun]

12 minutes ago, dikefalos said:

I'm really addicted and still have a live. Just my wife got less shoes, LV bags and stuff like that. 

That this best thing - she can only use on bag and pair of shoes at anyone time - however with silver you can admire it in all its glory wether you have 1oz of 1000000000000ozs! I would remind her of this fact!

Edited May 1, 2021 by HerefordBullyun

[NewCoins]

7 minutes ago, Roy said:

You're correct. I am a bitter old fool.

A miserable old b*stard. 

But don't dare tell me to change my attitude.

 

If you spend your life telling people they make you sick for no reason then you need to consider who has the problem.