Get out the rocket

[hoarder]

Silver reached 30.64 .....WTF?
https://comparesilverprices.com/
Note: almost all dealers are out of inventory at this time due to extreme shortages. Pricing is provided for convenience, if available.

[woodman]

Note: almost all dealers are out of inventory at this time due to extreme shortages. Pricing is provided for convenience, if available.
Those dealers raise their prices and they will get the inventory. The only shortage is in the price.

[woodman]

In looking around at sites and reading articles, I keep coming across the idea that there is a shortage of silver. Even those who should know better are spouting this. To my mind the only shortage is in the price. When silver goes over $100 an ounce there will be plenty available.

[hoarder]

Those dealers raise their prices and they will get the inventory. The only shortage is in the price.My theory is that most of the bullion dealers are owned by the banking elite, thus giving TPTB more control over PM prices. Usually they keep PM's down by selling them at below market to enforce the "official price of metals". They assist the shorts in timing. It doesn't matter to them if these enterprises are profitable in themselves because they more than make it up elsewhere.

Go back to 2008, we remember that it appeared TPTB actually encouraged and engineered the spike, causing many to buy in too high and get burned out on PM's permanently.

To me this looks like another such event in the making.

[keehah]

0:50

https://www.youtube.com/watch?v=9L-31m4UgOY

[jcismylord]

there is still some silver available to buy.

but - my scrappers have been having trouble scraping the dealer websites for data.

I think the dealer websites are getting a bit overwhelmed.

I don't recall seeing this.

As for availability, don't take b/s - f.e. still available at Apmex right now -



<<<<<<<<<<<<<<<<<<<<<<<<<<<<< >>>>>>>>>>>>>>>>>>>>>>>>>>>>>
1 oz American Silver Eagle BU (Random Year) - Top Pick
The url is https://www.apmex.com/product/23331/1-oz-american-silver-eagle-bu-random-year
$39.72 available quantity: 22161
As low as $9.99 per coin over spot

<<<<<<<<<<<<<<<<<<<<<<<<<<<<< >>>>>>>>>>>>>>>>>>>>>>>>>>>>>
1 oz Canadian Silver Maple Leaf Coin BU (Random Year) - Pre-Sale
The url is https://www.apmex.com/product/1090/1-oz-canadian-silver-maple-leaf-coin-bu-random-year
$37.72 available quantity: 6349
As low as $7.99 per coin over spot
These items are on a slight delay with an expected ship date of February 09, 2021. Your entire order will ship upon their arrival.

<<<<<<<<<<<<<<<<<<<<<<<<<<<<< >>>>>>>>>>>>>>>>>>>>>>>>>>>>>
1 oz Silver Round - Buffalo - Pre-Sale
The url is http://www.apmex.com/product/44447/1-oz-silver-round-buffalo
$35.66 available quantity: 59997
As low as $5.99 per round over spot
These items are on a slight delay with an expected ship date of February 18, 2021. Your entire order will ship upon their arrival.

<<<<<<<<<<<<<<<<<<<<<<<<<<<<< >>>>>>>>>>>>>>>>>>>>>>>>>>>>>
1 kilo Silver Bar - Secondary Market - Pre-Sale
The url is https://www.apmex.com/product/75361/1-kilo-silver-bar-secondary-market
$1,146.46 available quantity: 269
As low as $5.99 per oz over spot
These items are on a slight delay with an expected ship date of February 25, 2021. Your entire order will ship upon their arrival.

[jcismylord]

there is still some silver available to buy.

but - my scrappers have been having trouble scraping the dealer websites for data.

I think the dealer websites are getting a bit overwhelmed.

I don't recall seeing this.

As for availability, don't take b/s - f.e. still available at Apmex right now -

the scrappers getting a lot of Error 522 - connection time out.

still, I don't like the b/s about shortage of silver in the alt and mainstream media

yes, the dealers deliberately pulled out the inventory ON SUNDAY, because of the uncertainty. There was NOTHING to buy for a little guy - not because of the shortages, but because dealers got cold feet and perhaps to get the media start the fire, so that they can sell more stuff and make a killing, who knows?

but today - the truth of the matter is - there are NO shortages, a lot of the media's b/s is just lying.

[woodman]

My theory is that most of the bullion dealers are owned by the banking elite, thus giving TPTB more control over PM prices. Usually they keep PM's down by selling them at below market to enforce the "official price of metals". They assist the shorts in timing. It doesn't matter to them if these enterprises are profitable in themselves because they more than make it up elsewhere.

Go back to 2008, we remember that it appeared TPTB actually encouraged and engineered the spike, causing many to buy in too high and get burned out on PM's permanently.

To me this looks like another such event in the making.
I think your theory is correct.

[hoarder]

I think your theory is correct.Another factor that confirms engineered spikes is that they never occur in December-January time frames which would facilitate spreading out our gains. The "Moneychangers" have got this down to a science.

[keehah]

Rocket pics didn't work... so I'm trying short Jew clips.

2:48

https://www.youtube.com/watch?v=QL-Tnfj8S9k

[jcismylord]

So, where are the 'shortages" - there are no shortages, just as I said.

Where is the squeeze?

I saw (and see) plenty of silver available for buying.

The PM pimps, screaming about "shortages" from every corner on Sunday and Monday, was just a lie.
The lie, that only did damage, to the PMs longer term.

There were NEVER "shortages".

The PM Industry is overfilled with so many dishonest shady crooks of all sorts, such that are ready to tell you any lie to get you to buy-buy-buy, that investing in PMs is qute demoralizing.

Now the hordes of naive Millenials that rushed to buy few silver coins have been served with a lesson - a lesson that they probably are not likely to forget for a long time.

This sucks.


<<<<<<<<<<<<<<<<<<<<<<<<<<<<< >>>>>>>>>>>>>>>>>>>>>>>>>>>>>
1 oz American Silver Eagle BU (Random Year) - Top Pick
The urls is https://www.apmex.com/product/23331/1-oz-american-silver-eagle-bu-random-year
$39.01 available quantity: 23121

<<<<<<<<<<<<<<<<<<<<<<<<<<<<< >>>>>>>>>>>>>>>>>>>>>>>>>>>>>
1 oz Canadian Silver Maple Leaf Coin BU (Random Year) - Pre-Sale
The urls is https://www.apmex.com/product/1090/1-oz-canadian-silver-maple-leaf-coin-bu-random-year
$36.01 available quantity: 23854
As low as $8.99 per coin over spot
These items are on a slight delay with an expected ship date of February 24, 2021. Your entire order will ship upon their arrival.

<<<<<<<<<<<<<<<<<<<<<<<<<<<<< >>>>>>>>>>>>>>>>>>>>>>>>>>>>>
1 oz Silver Round - Buffalo - Pre-Sale
The urls is http://www.apmex.com/product/44447/1-oz-silver-round-buffalo
$34.01 available quantity: 39734
As low as $6.99 per round over spot
These items are on a slight delay with an expected ship date of February 18, 2021. Your entire order will ship upon their arrival.

<<<<<<<<<<<<<<<<<<<<<<<<<<<<< >>>>>>>>>>>>>>>>>>>>>>>>>>>>>
10 oz Silver Bar - Secondary Market - Pre-Sale
The urls is http://www.apmex.com/product/21/10-oz-silver-bar-secondary-market
$340.10 available quantity: 987
As low as $6.99 per oz over spot
These items are on a slight delay with an expected ship date of February 12, 2021. Your entire order will ship upon their arrival.

<<<<<<<<<<<<<<<<<<<<<<<<<<<<< >>>>>>>>>>>>>>>>>>>>>>>>>>>>>
1 kilo Silver Bar - Secondary Market - Pre-Sale
The urls is https://www.apmex.com/product/75361/1-kilo-silver-bar-secondary-market
$1,093.41 available quantity: 77
As low as $6.99 per oz over spot
These items are on a slight delay with an expected ship date of February 25, 2021. Your entire order will ship upon their arrival.

<<<<<<<<<<<<<<<<<<<<<<<<<<<<< >>>>>>>>>>>>>>>>>>>>>>>>>>>>>
100 oz Silver Bar - Secondary Market - Pre-Sale
The urls is https://www.apmex.com/product/69643/100-oz-silver-bar-secondary-market
$3,351.00 available quantity: 200
As low as $6.49 per oz over spot
These items are on a slight delay with an expected ship date of February 18, 2021. Your entire order will ship upon their arrival.

[woodman]

I don't think it's that big of a deal. Silver will have it's day and if they are smart enough to hold, they will be glad they did. Even right now it is cheap. The day was that a man would work a long day for a dollar. Most people today are making money for doing very little and if $1000 dollars is an average weekly check, what does that say about the price of silver? The best we can do is to educate the younger generation about the prospects (eventual and historical) of silver and show them how to invest in it.

[EE_]

So, where are the 'shortages" - there are no shortages, just as I said.

Where is the squeeze?

I saw (and see) plenty of silver available for buying.

The PM pimps, screaming about "shortages" from every corner on Sunday and Monday, was just a lie.
The lie, that only did damage, to the PMs longer term.

There were NEVER "shortages".

The PM Industry is overfilled with so many dishonest shady crooks of all sorts, such that are ready to tell you any lie to get you to buy-buy-buy, that investing in PMs is qute demoralizing.

Now the hordes of naive Millenials that rushed to buy few silver coins have been served with a lesson - a lesson that they probably are not likely to forget for a long time.

This sucks.


<<<<<<<<<<<<<<<<<<<<<<<<<<<<< >>>>>>>>>>>>>>>>>>>>>>>>>>>>>
1 oz American Silver Eagle BU (Random Year) - Top Pick
The urls is https://www.apmex.com/product/23331/1-oz-american-silver-eagle-bu-random-year
$39.01 available quantity: 23121

<<<<<<<<<<<<<<<<<<<<<<<<<<<<< >>>>>>>>>>>>>>>>>>>>>>>>>>>>>
1 oz Canadian Silver Maple Leaf Coin BU (Random Year) - Pre-Sale
The urls is https://www.apmex.com/product/1090/1-oz-canadian-silver-maple-leaf-coin-bu-random-year
$36.01 available quantity: 23854
As low as $8.99 per coin over spot
These items are on a slight delay with an expected ship date of February 24, 2021. Your entire order will ship upon their arrival.

<<<<<<<<<<<<<<<<<<<<<<<<<<<<< >>>>>>>>>>>>>>>>>>>>>>>>>>>>>
1 oz Silver Round - Buffalo - Pre-Sale
The urls is http://www.apmex.com/product/44447/1-oz-silver-round-buffalo
$34.01 available quantity: 39734
As low as $6.99 per round over spot
These items are on a slight delay with an expected ship date of February 18, 2021. Your entire order will ship upon their arrival.

<<<<<<<<<<<<<<<<<<<<<<<<<<<<< >>>>>>>>>>>>>>>>>>>>>>>>>>>>>
10 oz Silver Bar - Secondary Market - Pre-Sale
The urls is http://www.apmex.com/product/21/10-oz-silver-bar-secondary-market
$340.10 available quantity: 987
As low as $6.99 per oz over spot
These items are on a slight delay with an expected ship date of February 12, 2021. Your entire order will ship upon their arrival.

<<<<<<<<<<<<<<<<<<<<<<<<<<<<< >>>>>>>>>>>>>>>>>>>>>>>>>>>>>
1 kilo Silver Bar - Secondary Market - Pre-Sale
The urls is https://www.apmex.com/product/75361/1-kilo-silver-bar-secondary-market
$1,093.41 available quantity: 77
As low as $6.99 per oz over spot
These items are on a slight delay with an expected ship date of February 25, 2021. Your entire order will ship upon their arrival.

<<<<<<<<<<<<<<<<<<<<<<<<<<<<< >>>>>>>>>>>>>>>>>>>>>>>>>>>>>
100 oz Silver Bar - Secondary Market - Pre-Sale
The urls is https://www.apmex.com/product/69643/100-oz-silver-bar-secondary-market
$3,351.00 available quantity: 200
As low as $6.49 per oz over spot
These items are on a slight delay with an expected ship date of February 18, 2021. Your entire order will ship upon their arrival.

Only the bandits still have silver, the good dealers are still out. https://www.golddealer.com/product-category/products-2/bullion/silver-bullion-coins-bars/

[keehah]

Now the hordes of naive Millenials that rushed to buy few silver coins have been served with a lesson - a lesson that they probably are not likely to forget for a long time.

This sucks.

Silver has been off its recent high for a few hours now! The horror! The horror!

[EE_]

https://www.youtube.com/watch?v=OjH7LtrM37E

[Shami-Amourae]

I've been trying to explain this to you guys that all of the momentum is shifting to crypto right now.
https://www.statista.com/chart/24055/global-demand-for-gold-in-tons/

Gold demand last year dropped 14%.
Where did it go?

Bitcoin.



Bitcoin's market cap will flip Gold in the next 2-10 years. Just watch.

Gold is going to be abandoned as a monetary metal in favor of Bitcoin, and Gold will be relegated as an industrial metal useful for electronics.

Ignore my warnings at your own peril. We are moving to the digital age. All analog (physical) stores of value will be phased out unless it has serious utility.

[hoarder]

Volatility in the metals is always a good thing, IMO. They need attention. They're neglected children. The more attention they get, the higher they will go. The taller they will grow.

[EE_]

Hopefully people will keep buying. Sounds like a shortage just like ammo, is coming this year.

US Mint Warns It Can't Meet "Surging Demand" For Silver & Gold
BY TYLER DURDEN
TUESDAY, FEB 02, 2021 - 21:00

With The Fed printing money 'out the wazoo', monetizing COVID relief package debt as fast as Congress can pass the bills, demand for bullion was already surging. However, the last week or so, on the heels of the Reddit-Raiders taking aim at Silver, demand for silver (and gold coins) has exploded...

Sales of U.S. gold bullion coins rose 258% in 2020 while silver coin demand was up 28%, the U.S. Mint said Tuesday.
Which has led to bullion dealers running dry of stock and physical premium to paper silver prices soaring to record highs.

“There are massive shortages. We’ll be completely out of stock if it carries on like this - the first time since our company opened in Singapore seven years ago,” said David Mitchell, managing director at Indigo Precious Metals.

“In the short term, stocks may run out since it takes a long time for sea shipping, but overall supply is ample,” said Peter Fung, head of dealing at Hong Kong-based Wing Fung Precious Metals.

And now, courtesy of Reuters, we have an answer to the shortage.

The US Mint is limiting distribution of its gold, silver and platinum coins to specific dealers because of heavy demand, and a limited number of suppliers of metals, it said in a statement.

The United States Mint said on Tuesday it was unable to meet surging demand for its gold and silver bullion coins in 2020 and through January, due partly to pandemic-driven demand and plant capacity issues... Heavy buying has continued in 2021, it said, squeezing supplies, which had already been tight as the coronavirus affected production.

The last time the US Mint 'admitted' its inability to meet demand was in June 2010.

And the reaction in precious metals was...

https://www.zerohedge.com/commodities/us-mint-warns-it-cant-meet-surging-demand-silver-gold

[EE_]

And this...

Gone In 60 Seconds: Catalytic Converter Theft Erupts Across Country
BY TYLER DURDEN
TUESDAY, FEB 02, 2021 - 20:00

Local news stations across the country report a dramatic increase in catalytic converter thefts.

Catalytic converters, which are part of a car's exhaust system, are sought out by thieves because they contain precious metals and can be sold for scrap.

With metal prices booming, thieves use cordless reciprocating saws to cut a car's catalytic converter in under 60 seconds.

Thieves have been targeting commercial vehicles in industrial parking lots and even cars in residential neighborhoods.

In the last few days, there are endless stories of catalytic converter thefts from across the country, from Louisville, Kentucky, to Rochester, New York, to Olmsted Falls, Ohio, to Sherman, Texas.

Thieves are after platinum, palladium, and rhodium inside the converters. Thieves can easily strip down exhaust part and extract the precious metals, turning around and selling it to scrap yards for a handsome profit.

Internet search trends for "catalytic converter thefts" erupted during the beginning of the pandemic when tens of millions of Americans lost their jobs. Simultaneously, trillions of dollars in stimulus via the central bank and federal government resulted in surging asset prices, including different types of metals, which made catalytic converter scrap prices jump. Thieves asked themselves, why steal copper wire when catalytic converters bring more money.

What's also interesting is that during the pandemic, interest searches for "catalytic converter scrap price" have surged to record highs - it seems like a lot of people are interested in scrapping valuable car parts.

Earlier this year, AOC said crime in New York City is on the rise due to people "stealing bread to feed their children." Maybe they're not stealing bread but rather catalytic converters.

https://www.zerohedge.com/markets/gone-60-seconds-catalytic-converter-theft-erupts-across-country

[Hitch]

And this...

Gone In 60 Seconds: Catalytic Converter Theft Erupts Across Country
BY TYLER DURDEN
TUESDAY, FEB 02, 2021 - 20:00

Local news stations across the country report a dramatic increase in catalytic converter thefts.

Catalytic converters, which are part of a car's exhaust system, are sought out by thieves because they contain precious metals and can be sold for scrap.

With metal prices booming, thieves use cordless reciprocating saws to cut a car's catalytic converter in under 60 seconds.

Thieves have been targeting commercial vehicles in industrial parking lots and even cars in residential neighborhoods.

In the last few days, there are endless stories of catalytic converter thefts from across the country, from Louisville, Kentucky, to Rochester, New York, to Olmsted Falls, Ohio, to Sherman, Texas.

Thieves are after platinum, palladium, and rhodium inside the converters. Thieves can easily strip down exhaust part and extract the precious metals, turning around and selling it to scrap yards for a handsome profit.

Internet search trends for "catalytic converter thefts" erupted during the beginning of the pandemic when tens of millions of Americans lost their jobs. Simultaneously, trillions of dollars in stimulus via the central bank and federal government resulted in surging asset prices, including different types of metals, which made catalytic converter scrap prices jump. Thieves asked themselves, why steal copper wire when catalytic converters bring more money.

What's also interesting is that during the pandemic, interest searches for "catalytic converter scrap price" have surged to record highs - it seems like a lot of people are interested in scrapping valuable car parts.

Earlier this year, AOC said crime in New York City is on the rise due to people "stealing bread to feed their children." Maybe they're not stealing bread but rather catalytic converters.

https://www.zerohedge.com/markets/gone-60-seconds-catalytic-converter-theft-erupts-across-country

Install a "cat clamp" on your vehicle. I've done this on two vehicles, one...after the cat was zipped off by thieves. No problems, or worry since.

Here's a good article:

http://www.gearist.com/2019/02/27/cat-clamp-review-honda-catalytic-converter-theft/

[EE_]

I've been trying to explain this to you guys that all of the momentum is shifting to crypto right now.
https://www.statista.com/chart/24055/global-demand-for-gold-in-tons/

Gold demand last year dropped 14%.
Where did it go?

Bitcoin.



Bitcoin's market cap will flip Gold in the next 2-10 years. Just watch.

Gold is going to be abandoned as a monetary metal in favor of Bitcoin, and Gold will be relegated as an industrial metal useful for electronics.

Ignore my warnings at your own peril. We are moving to the digital age. All analog (physical) stores of value will be phased out unless it has serious utility.

I have a question about the value of owning cryptos. The main arguments for owning them is:
1. there's a finite amount
2. the ability to move money outside of banking
3. profiting off their rise
4. to usher in a cashless society
Note: everyone buying cryptos today only have one reason for owning them, #3

My question:
What makes each of the 4,001 cryptos so different from each other?
If you changed the name of all 4,001 to 'bitcoin', how many crypto digits would there be in existence? Trillions...10's of trillions?
Aren't the other cryptos just copies of the same blockchain, with slight variations? All do basically the same thing, move currency around.

Comparing gold, there's a guesstimate of say 10 billion ounces in existence in the world. So which is more rare? Cryptos that are copied over and over and over, or gold that can't be copied with a supply that grows very slowly?
There is about enough gold in the world for every person on earth (7.8 billion) can only own just over 1 ounce. With cryptos, every person on earth can own an infinite amount eventually, as the supply can grow to the moon.

[Shami-Amourae]

What makes each of the 4,001 cryptos so different from each other?

99.9% of cryptos are trash and will die. Most are degenerators, meaning they go up once, then go down 99.9% then are forgotten.
There's several major functions cryptos need to serve and it's not just "NUMBER GO UP".
Many new cryptos these days have utilities where they solve real world problems, while older cryptos were just shitty forks of Bitcoin. The only shitty forks of Bitcoin that still exist and are used are Litecoin and Dogecoin, that's it. Those only exist since of tradition but Litecoin may make a comeback as new privacy features are going proposed (Mimble Wimble).

Store of value -- Bitcoin
Smart Contracts (automated world computer without humans, so it's trustless) -- Ethereum, potentially Polkadot or Cardano
DeFi (Decentralized Finance to replace loans, mortgages and so on) -- Aave, Maker and so on
Stablecoins (Everyday spending, people don't buy/hold these, they are actually used for commerce as a rival to the dollar) -- USDC, Tether, Dai (My favorite), Pax Gold (tied to Gold)
Oracles (Converts real life data to blockchain) -- Chainlink
Privacy coins (True anonymous money) -- Monero (that's it).
NFTs (Non-fungible tokens used to create digital products, this can be used for deeds, and titles, as well as monetizing digital art, music, and so on) -- Rarible, Enjin
Advertizing Tokens -- Used to generate rewards for using services as a rival to Google's Adsense -- BAT (Basic Attention Token by Brave), LBRY
Decentralized government (Total replacement for state and digital voting) -- Sora (this is the closest thing but nothing like this exists yet. If it takes off the entire government can be overthrown through a decentralized system)

Everything else is speculation. I gave you a few examples.
This is the true free market so in the end 99.9% of these go to zero. Look at the coin marketcap of cryptos at 2014 and 2017. The list is totally different since most cryptos die. The market is maturing and new technological innovations occur.

2014:
https://coinmarketcap.com/historical/20140202/

2017:
https://coinmarketcap.com/historical/20170205/



The most important utility of crypto right now is smart contracts which automates our world to make humanity to be able to live in a true trustless world. Figuring out what will be the world computer early can make you rich. (It's likely Ethereum)

https://www.youtube.com/watch?v=ZE2HxTmxfrI

Remember the term Trustless. This is a new world where no agency or authority can screw you over anymore since things are decentralized and fair to everyone. You can't get cheated anymore.

Crypto is basically like the 1997 Internet. Some people couldn't see how it would revolutionize the world. Some did, and the ones that monetized that are all crazy rich today. The same will happen with Crypto.
DeFi is a major innovation and it will completely replace all banks and Wall Street.

[Shami-Amourae]

Another super important innovation is the DAO, which is a decentralized autonomous organization.
It lets people form decentralized/anonymous companies, groups, and even governments.

Nothing to regulate and no one to arrest.


https://www.youtube.com/watch?v=JcPNO0o_Cng

If people mass adopt DAOs government regulators are out of the job.



The goal of Crypto is to end tyranny, decentralize the world, and make money doing it. It is the only way to beat the Technocrats.

As of right now Crypto has as many users as the Internet did in 1997. If you buy in today you are STILL early. You did NOT miss the boat. You just won't be a multimillionaire/billionaire like the early investors, but you will preserve and multiply a lot of your wealth.

[hoarder]

The goal of Crypto is to end tyranny, decentralize the world, and make money doing it. It is the only way to beat the Technocrats.My take on it is a little different. I think the goal of crypto was to draw money away from physical metals.
Did a good job of it anyway.

[EE_]

Thanks. The only thing I bought is GBDC when bitcoin dropped to $30,000 It's doing better then my other stocks.
I guess I had better get on coinbase.

[EE_]

My take on it is a little different. I think the goal of crypto was to draw money away from physical metals.
Did a good job of it anyway.

I still believe the government elite/globalists are behind cryptos and their goal is to usher in a cashless society. They will succeed.

[Hitch]

Thanks. The only thing I bought is GBDC when bitcoin dropped to $30,000 It's doing better then my other stocks.
I guess I had better get on coinbase.

I bought some GBDC too, EE, and it's doing better than my other stocks as well. Also, I signed up on coinbase, but got spooked. They would not accept any cash, none from my existing accounts, couldn't get past that. Just a heads up on that. Might need to send them a paper check to get started.

[Hitch]

I still believe the government elite/globalists are behind cryptos and their goal is to usher in a cashless society. They will succeed.

Which is why we still hold physical gold and silver. Young people want iphones, video games, and cryptos. Lot's of older folks who'd rather settle for bullets, tools, food, and we like silver and gold to trade with.

[Shami-Amourae]

I still believe the government elite/globalists are behind cryptos and their goal is to usher in a cashless society. They will succeed.

No.

Crypto is decentralization.
They want centralization.

They want a centralized digital currency they can track and shut you down for at any time if you don't play ball.
That's not Crypto, that's digital Fiat without physical cash.

Understand that that "Elites" are actually just stupid control freaks who were born into this evil control system. They've lived in luxury their entire lives and are completely out of touch with society, technology, and humanity. These people are not smart enough to come up with Crypto, and now they are realized they made a huge mistake not trying to shut it down earlier, rather than laughing it off like the gluttonous fools they are. They're likely planning to try to co-opt it (they can't) now they realize they can't stop it.




I prefer Dai over Tether, because Tether is centrally controlled while Dai is decentralized by MakerDAO (Maker is a good investment on Coinbase.) Tether transactions can be reversed if the people behind it want it. It's impossible to do that with Dai. That's the difference.

https://www.youtube.com/watch?v=J9q8hkyy8oM

People use stablecoins for day to day purchases since you don't care to cling to something that's value is stable.

[hoarder]

Sure the Jews want centralization, but cryptos will be crashed or outlawed if they hinder it. The main threat of decentralized currency are the metals, and cryptos drew money away from them. That's why I think cryptos are a product controlled by banksters.

[Shami-Amourae]

GBDC when bitcoin dropped to $30,000.

Ethereum inflows into Grayscale just recently surpassed Bitcoin just recently.
Ethereum could very realistically hit $10k this cycle, possibly higher.

Just a tip.

[Shami-Amourae]

decentralized currency are the metals

Precious Metals have a near infinite supply (they are inflationary) and no one knows the supply. Since of this, they are easy to naked short. You could not naked short if we knew the total supply like we do with Crypto.
Every time Wall Street tries to short Bitcoin they get their eyes pushed in. It always ends bad for Bitcoin long term shorts.

When the Conquistadors discovered Silver in the Americas it caused hyperinflation in Silver, and crashed the entire Spanish empire. The same will happen to metals as technology increases and you see asteroid and deep sea mining with robotics.

This is why Gold/Silver prices have been stagnant since 2011. This is why they likely will continue to be stagnant.

[Hitch]

This is why Gold/Silver prices have been stagnant since 2011. This is why they likely will continue to be stagnant.

I like gold/silver stagnant actually. I hold physical gold and silver. Stagnant is constant, good.

Shami, what does the crypto world think about when the "lights go out"?

If internet and all data/electronics down, what happens to crypto? Surely you guys talk about that? Crypto isn't exactly a gold coin or a can of beans in some cases.

[Shami-Amourae]

Shami, what does the crypto world think about when the "lights go out"?

That's Mad Max.
Gold won't save you. Nothing will other than farm land and a lot of guns.

[Hitch]

That's Mad Max.
Gold won't save you. Nothing will other than farm land and a lot of guns.

So, the crypto world does discuss this?

No, a gold coin will not save you. I've never heard of anyone asking for gold to save them. But, a gold coin is still the same whether the lights are on or not. You hold that gold coin in your hand. You can touch and feel it, under a candlelight, when all else is dark.

Farm land and lot's of guns won't guarantee your safety either.

I was just curious about what crypto folks think about surviving different scenarios. I see how bitcoin can be an asset.

[EE_]

I like gold/silver stagnant actually. I hold physical gold and silver. Stagnant is constant, good.

Shami, what does the crypto world think about when the "lights go out"?

If internet and all data/electronics down, what happens to crypto? Surely you guys talk about that? Crypto isn't exactly a gold coin or a can of beans in some cases.

What if China decides to take out our satellites? How long do you think the internet would be down?

[EE_]

That's Mad Max.
Gold won't save you. Nothing will other than farm land and a lot of guns.

We may be closer to Mad Max then anyone of us knows. Certainly the risk of that is higher then any time in our lives.
Many civilizations have collapsed in history, ours will collapse because of technology.

[EE_]

Sure the Jews want centralization, but cryptos will be crashed or outlawed if they hinder it. The main threat of decentralized currency are the metals, and cryptos drew money away from them. That's why I think cryptos are a product controlled by banksters.

Yep!

[Shami-Amourae]

We may be closer to Mad Max then anyone of us knows. Certainly the risk of that is higher then any time in our lives.
Many civilizations have collapsed in history, ours will collapse because of technology.

Watch the TV show Black Mirror.
I think that's a great outline for the future.

https://www.youtube.com/watch?v=EcspUD0kF7g


https://www.youtube.com/watch?v=dDNoXGUtI8Q
This episode shows how life will be like with Big Tech taking over and our lives with social credit scores.

The creator said there won't be a Season 6 since the real world is now a Black Mirror episode.
:p


I wouldn't be shocked if the Technocracy already won and the world we are in now is a virtual world video game that plays out the final stages of the Technocracy's consolidation of power over humanity. We're in an ancestor simulation.

[woodman]

That's Mad Max.
Gold won't save you. Nothing will other than farm land and a lot of guns.
Even the guns and the farmland won't help you unless you have healthy, intelligent, like minded people around you that will take up arms in unison against any take-over threats; good neighbors.

[keehah]

Alan Greenspan: "We can guarantee cash benefits as far out and at whatever size you like"
1:17

https://www.youtube.com/watch?v=RzEaOuBdW-0

[midnight rambler]

Watch the TV show Black Mirror.
I think that's a great outline for the future.



What generation still watches TeeVee?

Boomers?

:rolleyes:

Indeed.

[Shami-Amourae]

Indeed.

I meant people who pay for, and watch cable.

I watch anime and a few select live action shows.

[monty]

The ag / au ratio is 65:1 today

[Hitch]

Heads up, massive physical silver buying spree going on right now. This is a gold/silver forum. Most online dealers out of silver bars, almost completely.

Sprott's PSLV started the year with 95 million ounces in the trust. They now, as of today, have 113 million ounces, a 20% increase in a month and a half! They added 3.5 milllion ounces yesterday, and 3.5 million ounces today.

Right now, is the most exciting time, possibly in history, for silver. It's happening now. We will be posting rockets once again, my friends, for silver.

[EE_]

Heads up, massive physical silver buying spree going on right now. This is a gold/silver forum. Most online dealers out of silver bars, almost completely.

Sprott's PSLV started the year with 95 million ounces in the trust. They now, as of today, have 113 million ounces, a 20% increase in a month and a half! They added 3.5 milllion ounces yesterday, and 3.5 million ounces today.

Right now, is the most exciting time, possibly in history, for silver. It's happening now. We will be posting rockets once again, my friends, for silver.

I have some PSLV and I plan on holding it for a while. It's a better bet then holding SLV

[woodman]

I have some PSLV and I plan on holding it for a while. It's a better bet then holding SLV
Buy Gold, Silver & Platinum Bullion Online | BullionVault (https://www.bullionvault.com/?hmac=21c8afa21408eb356852e76859199f0c6226f59a1d64 ec08319c8576aecee5d2&token=7b226372656174656444617465223a31363133363532 3831333337372c22636c69656e744964223a226e65696c7761 7264756b227d) I am thinking of going this route. I need to research further, but the metal is held in a vault, plus you can take delivery and the buy/sell spread is tiny.

[EE_]

Buy Gold, Silver & Platinum Bullion Online | BullionVault (https://www.bullionvault.com/?hmac=21c8afa21408eb356852e76859199f0c6226f59a1d64 ec08319c8576aecee5d2&token=7b226372656174656444617465223a31363133363532 3831333337372c22636c69656e744964223a226e65696c7761 7264756b227d) I am thinking of going this route. I need to research further, but the metal is held in a vault, plus you can take delivery and the buy/sell spread is tiny.

The storage fees are reasonable.

[jcismylord]

Heads up, massive physical silver buying spree going on right now. This is a gold/silver forum. Most online dealers out of silver bars, almost completely.

Sprott's PSLV started the year with 95 million ounces in the trust. They now, as of today, have 113 million ounces, a 20% increase in a month and a half! They added 3.5 milllion ounces yesterday, and 3.5 million ounces today.

Right now, is the most exciting time, possibly in history, for silver. It's happening now. We will be posting rockets once again, my friends, for silver.

Here is the output from my scrapers -


2021-02-19 10:34:17

<<<<<<<<<<<<<<<<< SILVER >>>>>>>>>>>>
SPOT: 27.40

SAE
Apmex 40.66 over_spot: 13.26 ( 48.4% ) inventory: 10380
Bold____PM OUT
Gain_Ville OUT
Gld_Dealer 38.02 over_spot: 10.62 ( 38.8% )
JM_Bullion OUT
Proovident OUT
SD_Bullion 38.45 over_spot: 11.05 ( 40.3% )

SBUF
Apmex 32.96 over_spot: 5.56 ( 20.3% ) inventory: 23306
Bold____PM 33.22 over_spot: 5.82 ( 21.2% )
Gain_Ville 31.71 over_spot: 4.31 ( 15.7% )
Gld_Dealer 32.42 over_spot: 5.02 ( 18.3% )
JM_Bullion OUT
Proovident 32.78 over_spot: 5.38 ( 19.6% )
SD_Bullion 33.02 over_spot: 5.62 ( 20.5% )

10_oz_bars_generic
Apmex 33.35 over_spot: 5.95 ( 21.7% ) inventory: 449
Bold____PM OUT
Gain_Ville 32.2 over_spot: 4.80 ( 17.5% )
Gld_Dealer OUT
JM_Bullion OUT
Proovident OUT
SD_Bullion 33.6 over_spot: 6.20 ( 22.6% )


<<<<<<<<<<<<<<<<< GOLD >>>>>>>>>>>>
SPOT: 1782.60

GAE
Apmex 1975.29 over_spot: 192.69 ( 10.8% ) inventory: 805
Bold____PM OUT
Gain_Ville OUT
Gld_Dealer 1936.95 over_spot: 154.35 ( 8.7% )
JM_Bullion OUT
Proovident OUT
SD_Bullion 1954.5 over_spot: 171.90 ( 9.6% )

Krug
Apmex 1905.29 over_spot: 122.69 ( 6.9% ) inventory: 25
Bold____PM OUT
Gain_Ville OUT
Gld_Dealer 1886.95 over_spot: 104.35 ( 5.9% )
JM_Bullion OUT
Proovident OUT
SD_Bullion OUT

Maple
Apmex 1920.29 over_spot: 137.69 ( 7.7% ) inventory: 3
Bold____PM OUT
Gain_Ville 1898.7 over_spot: 116.10 ( 6.5% )
Gld_Dealer 1886.95 over_spot: 104.35 ( 5.9% )
JM_Bullion OUT
Proovident OUT
SD_Bullion OUT


The dealers are indeed struggling with the inventory.
The premiums are insane.

I am monitoring the situation - it's been like this for a quite a long time.

I have to admit that it is quite unprecedented.
My scrapers run daily and they log the results every day ( whenever my laptop is on ).
Nothing like this has happened for such long period of time before.

Whatever is going on is alarming - it could be that the goose is cooked, or almost cooked.

[Hitch]

Here's a very good article about what's going on, and what may happen. Well written, easy to understand, and puts it all together. The next month or so could be explosive for silver, it's an exciting time for us silverbugs.

https://renaissancemen.org/2021/02/19/15-reasons-why-silver-explosion-is-imminent-in-march/#comments

[EE_]

Here is the output from my scrapers -


The dealers are indeed struggling with the inventory.
The premiums are insane.

I am monitoring the situation - it's been like this for a quite a long time.

I have to admit that it is quite unprecedented.
My scrapers run daily and they log the results every day ( whenever my laptop is on ).
Nothing like this has happened for such long period of time before.

Whatever is going on is alarming - it could be that the goose is cooked, or almost cooked.

CNI has plenty of both silver and gold
https://www.golddealer.com/product-category/products-2/bullion/silver-bullion-coins-bars/

[woodman]

CNI has plenty of both silver and gold
https://www.golddealer.com/product-category/products-2/bullion/silver-bullion-coins-bars/
They used to have the smallest buy/sell spread. The spread is now enormous for silver but it may still be smaller than other sellers/buyers. I am still trying to figure out what risk/downsides are present with the link I showed yesterday: Buy Gold, Silver & Platinum Bullion Online | BullionVault (https://www.bullionvault.com/?hmac=21c8afa21408eb356852e76859199f0c6226f59a1d64 ec08319c8576aecee5d2&token=7b226372656174656444617465223a31363133363532 3831333337372c22636c69656e744964223a226e65696c7761 7264756b227d) You can take delivery for a reasonable fee. I am very slow to trust anything new though.

Has anyone here used this service?

[Horn]

I shrug to think what happens from a covid year with near 0 production of anything else...

When Biden floats a chinese boat again...

[Hitch]

I have some PSLV and I plan on holding it for a while. It's a better bet then holding SLV

Do you know what's going on with PSLV?

Turning my focus toward PSLV, I had a look at their Net Asset Value page and Twitter account, "@Sprott" (since they started updating their holdings very frequently in February). As of January 31st, 2021 they had "Total Ounces Held* 93,208,680".

Relevant tweets:

- Feb 2: Added 6,400,000 ounces - total: 99,608,676

- Feb 3: Added 1,200,000 ounces - total: 100,806,762

- Feb 5: Added 1,250,000 ounces - total: 102,059,998

- Feb 9: Added 1,000,000 ounces - total: 103,059,998

- Feb 11: Added 500,000 ounces - total: 103,562,183

- Feb 12: Added 1,000,000 ounces - total: 104,562,183

- Feb 13: Added 1,400,000 ounces - total: 105,962,183

- Feb 16: Added 3,500,000 ounces - total: 109,462,183

- Feb 17: Added 3,400,000 ounces - total: 112,864,465

[jcismylord]

CNI has plenty of both silver and gold
https://www.golddealer.com/product-category/products-2/bullion/silver-bullion-coins-bars/

CNI (Gld_Dealer) is in the table

[EE_]

Do you know what's going on with PSLV?

Turning my focus toward PSLV, I had a look at their Net Asset Value page and Twitter account, "@Sprott" (since they started updating their holdings very frequently in February). As of January 31st, 2021 they had "Total Ounces Held* 93,208,680".

Relevant tweets:

- Feb 2: Added 6,400,000 ounces - total: 99,608,676

- Feb 3: Added 1,200,000 ounces - total: 100,806,762

- Feb 5: Added 1,250,000 ounces - total: 102,059,998

- Feb 9: Added 1,000,000 ounces - total: 103,059,998

- Feb 11: Added 500,000 ounces - total: 103,562,183

- Feb 12: Added 1,000,000 ounces - total: 104,562,183

- Feb 13: Added 1,400,000 ounces - total: 105,962,183

- Feb 16: Added 3,500,000 ounces - total: 109,462,183

- Feb 17: Added 3,400,000 ounces - total: 112,864,465

I can't really say too much other then I've followed Eric for many years in video and audio reports, he's a self made billionaire and he has the silver.
I'm contemplating going in on a platinum trust this week. I should have done it last year when I told my bullion dealer that platinum was way undervalued and should be a good buy.
I'm going to buy either PLTM, or SPPP. Probably PTLM.

Maybe someone here can explain what I have underlined in PLTM

PLTM invests directly in physical platinum stored in a London vault and custodied by ICBC Standard Bank. The structure of a grantor trust protects investors since trustees cannot lend the platinum bars. Since PLTM holds physical platinum bars, investors can expect the fund to track the price of spot platinum closely. Moreover, the fund provides exposure that is essentially identical to established competitors such as PPLT. Like all physically held precious metals funds, any long-term gains will result in noteworthy tax liabilities, since PLTM is considered a collectible. PLTM is cheap to hold with one of the lowest expense ratios in the segment.
https://fknol.com/etf/pltm.php

The goal of the Sprott Physical Platinum and Palladium Trust is to provide a secure, convenient and exchange-traded investment alternative for investors who want to hold physical platinum and palladium. The Trust offers a number of compelling advantages over traditional exchange-traded platinum and palladium funds. The Sprott Physical Platinum and Palladium Trust (SPPP) is a closed-end trust that invests in unencumbered and fully-allocated Good Delivery physical platinum and palladium bullion
https://fknol.com/etf/sppp.php

[Hitch]

I'm contemplating going in on a platinum trust this week. I should have done it last year when I told my bullion dealer that platinum was way undervalued and should be a good buy.
I'm going to buy either PLTM, or SPPP. Probably PTLM.

Right now, there's the biggest mass rush into physical silver we've ever seen, in perhaps history, and you are sitting this one out?!?

Speaks volumes actually, because I trust and respect your opinion.

APMEX is asking almost $10 over spot price, for 100 oz silver bars! I'm glad to hold physical silver, but right now the silver market is pretty exciting. I could see the other metals being the better buy, but maybe not? This might be a silver rocket launch in the making.

[EE_]

Right now, there's the biggest mass rush into physical silver we've ever seen, in perhaps history, and you are sitting this one out?!?

Speaks volumes actually, because I trust and respect your opinion.

APMEX is asking almost $10 over spot price, for 100 oz silver bars! I'm glad to hold physical silver, but right now the silver market is pretty exciting. I could see the other metals being the better buy, but maybe not? This might be a silver rocket launch in the making.

I'm not sitting it out. I'm pretty well loaded with physical, PSLV and SLV. My last silver buy was two tubes of maples at $19 and ounce, a year ago. It's not easy to pay the higher price right now, even though I think it is going a lot higher. I just want to add PT to the mix.
I bought a couple ounces of platinum back in 2005-2006 and sold it near the top. That's where I think PT is going again. Check these charts 10, 20 and all
https://www.macrotrends.net/2540/platinum-prices-historical-chart-data

[EE_]

I don't know if I posted this here, but it is good info for all to know.
https://www.fakebullion.com/

A couple weeks ago I spotted a fake 1 ounce SilverTowne bar on ebay and I reported it to the seller and ebay. I don't know what happened after that, but people were bidding on it into the $30's.

[EE_]

If someone here has $950 burning a hole in their pocket for some silver, here's a kilo for $29.54 an ounce. I'm not seeing anything else for this price.
https://raleighcoindealers.com/shop-bullion-%26-rare-coins/ols/products/1-kilo-silver-bar-by-scottsdale-silver-stacker
Showing one in stock...if they still have it in stock? Free shipping on $200 and over.

[monty]

Tonopah, Nevada Queen of the Silver Camps. The Tonopah-Belmont mine burned Feb 23, 1911, many miners lost their lives.


I thought I was going to be able to post images,



http://youtu.be/KnnHprUGKF0

https://i.postimg.cc/ZnMWyk37/Tonopah-Belmont-Mine-1912.jpg

https://i.postimg.cc/0j63PmC6/IMG-0293.jpg Tonopah-Belmont Mine & Mill 1913

https://i.postimg.cc/jqZPrmWJ/IMG-0300.jpg The mill boasted some of the most modern ball mills at that time

https://i.postimg.cc/cC9nMtqc/IMG-0299.jpg Silver Bullion ready for shipment at Tonopah-Belmont Mill

https://i.postimg.cc/kGZ0bw5F/IMG-0282.jpg Tonopah-Belmont Mine & Mill Ruins Current

https://i.postimg.cc/SNPZmJX8/Big-Bill-Murphy-jpg.jpg Bill Murphy died rescuing miners Feb. 1911

https://i.postimg.cc/63z0g3J8/Bill-Murphy.jpg

https://i.postimg.cc/90nBXnfV/Murphy-Plaque.jpg

https://mountainscholar.org/bitstream/handle/11124/6452/u249.jpg?sequence=1&isAllowed=y
Two men viewing the headframe after the fire.

https://cdnc.ucr.edu/cgi-bin/cdnc?a=d&d=AL19110303.2.8&e=-------en--20--1--txt-txIN--------1

https://usminedisasters.miningquiz.com/saxsewell/belmont_mine.htm

The mine was reopend and operated until 1939.