⚡Silver Stackers⚡(iOS banned)
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The Gold/Silver Ratio is back above 81, just to highlight what a fantastic buying opportunity this dip offers to stackers.
Japan has had deflation for the past three decades despite initiating QE early on and ever since.
Some folks with an investment mindset worry that a deflationary event in the USD would be negative for silver and gold prices.
As can be seen in the chart above, gold did a 6x in the 70's inflation, bottomed during the 2000 dotcom bubble, and has done a 7x since then... measured in Japanese Yen.
Precious metals have performed in both inflationary as well as deflationary environments, and should not be avoided for fear of missing out during a deflationary crash, especially since the most recent market crashes saw physical premiums shoot up and negate any spot price decline during the crash.
The US Debt Clock has updated a couple items regarding silver.
- Remaining reserves on earth are now down to 17.62 billion ounces.
- The paper to silver ratio is now 577.84 to 1.
https://www.usdebtclock.org/gold-precious-metals.html
George Gammon moderated this debate between two investment heavyweights like a Swiss watch... absolutely flawless moderation; and both positions in the end were spelled out to a T 👌🏻
https://youtu.be/3olTq5fgT5I
Trading halted for Evergrand, plus more unfinished buildings to be demolished.
These are very extreme measures, and they underscore the severity of the situation in China.
Much of the silver currently mined is a byproduct of mining for industrial metals such as lead, zinc, and copper.
A Chinese real estate collapse would reduce demand for industrial metals, and if a global economic depression was realized, demand for industrial metals would fall precipitously.
The implications for this cannot be understated; at the exact moment that the global population would be desperate for real money silver and gold, access to much of it by way of mining industrial metals would be cut off.
https://www.reuters.com/markets/europe/china-evergrande-shares-halt-trading-2022-01-03/
Bullion banks like to attack spot prices during low trading volume, near holidays especially.
It was surprising to see silver steadily creeping up over Christmas and New Year; but like usual, while overseas markets were closed for an observed New Year holiday, and the US markets opened, the big banks smashed silver down about 2%.
No real damage was done to the long term fundamentals; but still, these dips are wonderful buying opportunities 👌🏻
2021 was a wild year for silver crossing over $30 per ounce and consolidating back to the low 20's.
The year is wrapping up with about:
>29.48 trillion in national debt
>$2,914 dollar to silver ratio
>183.6:1 paper to silver ratio
>867 million ounces of silver produced
>18.88 billion ounces of silver reserves remaining on earth.
>$23.40 silver spot price
Will be interesting to see how much these numbers change during 2022 as we cross over 30 trillion dollars in national debt, and drop to only 18 billion ounces of silver reserves remaining on earth.
https://www.usdebtclock.org/
Big name Ted Butler says it appears that Bank of America is shorting roughly 800 million ounces of silver (about 1 years annual supply).
A short of that size by a "too big to fail" bank will lead to more bail outs as silver prices rise; or the bank will have to continually add to it's short position, suppressing prices.
Bank of America might be stuck in a corner with no realistic way to unwind such a monstrous short position.
https://silverseek.com/article/more-serious-i-thought
Steve St Angelo says the CPM group is misleading people by saying that higher silver prices lead to greater mine profitability because lower grade ore can be processed.
This would be true if the higher grade ore wasn't depleted so badly.
Higher silver prices are required simply to maintain silver mine output due to the constantly falling ore grades.
https://youtu.be/H244lEBLmn4
Ounces in the ground are the ounces that count the most 💪🏻
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Desperation is a stinky cologn.
The Turkish government last week tried to partially peg the Lira to the dollar by promising to compensate certain Lira savers for any inflationary losses they incur by holding Lira.
(This of course treats the dollar as a baseline and doesn't account for USD inflation).
Now, the Turkish government is trying to do something similar but with gold.
Here it is in a microcosm... emerging market currency is failing, leading to increased dollar demand, and ultimately a rush into PMs.
This artificial dollar strength will not last forever, and when it breaks, the real value of silver and gold will be a rude awakening for the majority of people.
For those who have not taken heed to previous warnings, silver and gold will be much less available due to the long line of countries with failing currencies prior to the dollar's downfall.
https://www.reuters.com/business/turkish-central-bank-says-support-conversion-gold-deposits-lira-2021-12-29/
In part 1 of George Gammon's latest video, he warns us of price controls in the near future.
Price controls (lack of price discovery in a free market) are what led to chronic supply shortages in the Soviet Union... a fundamental aspect of command economies.
Regardless of whether the market crashes up, or crashes down, now is the time to get defensive and load up on silver and gold.
This economic catastrophe might last for multiple years, and almost certainly will unfold rapidly while Democrats are "in control" of the US federal government.
https://youtu.be/n_fe3tgYSA0
Kind of a click bait title, but when bond bull Steven Van Metre says silver may have found a bottom and is set up for gains, then that could be a signal to mainstream stock and bond investors to take cover.
https://youtu.be/lPz0VoyAm04
Merry Christmas!!
Stack Silver until the communist central bankers are up against the wall ✌🏻
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Kinda pricey for a round, but it's a limited mintage proof with COA, and it tells the Silver Story for stackers who value aesthetics.
Silver (and gold), in your possession, are the ultimate crypto currency with a proven track record... out of the system, timeless, no passwords or electricity needed, universally recognized and accepted, plus (as an added bonus) they're shorted and hated by the banksters.
https://www.goldenstatemint.com/5-oz-Crypto-Ag-MiniMintage-Proof-Silver-Round-999-Fine.html
Two of the greatest teachers alive today in one room.
🔥🔥🔥
Lots of talk about communism being implemented via covid.
How do you plan ahead for communism?
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https://youtu.be/GVkCfFwjlwI
Kilo silver bars on sale at Scottsdale for approximately $1.75 over spot if you use the promo code during checkout.
Make sure to use promo code BLACKFRIDAYKILO to get a $44 discount per bar, dropping the premium down from just over $3 above spot to under $2 above spot 🔥
https://www.scottsdalemint.com/product/wall-street-mint-1-kilo-silver-bar/
Repost from ⚡Silver Stackers⚡(iOS banned)
Random year Pandas in stock over at Provident for anyone who's into them.
It's the 30 gram ones, so 2016 and newer.
https://www.providentmetals.com/30-gram-silver-panda-our-choice.html
$3.50 over spot for silver Marlins 🤷♂️
These are 2018, so backdated a few years, and come in rolls of 20.
https://www.scottsdalemint.com/product/2018-cayman-islands-marlin-1-oz-silver-coin-tube/
