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Thread: Get out the rocket

  1. #11
    Electrum
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    Re: Get out the rocket

    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
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    <<<<<<<<<<<<<<<<<<<<<<<<<<<<< >>>>>>>>>>>>>>>>>>>>>>>>>>>>>
    1 oz Canadian Silver Maple Leaf Coin BU (Random Year) - Pre-Sale
    The urls is https://www.apmex.com/product/1090/1...bu-random-year
    $36.01 available quantity: 23854
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    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...-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-o...condary-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/...condary-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/...condary-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.

  2. #12
    Great Value Carrots
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    Re: Get out the rocket

    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.
    " If you are on the wrong road progress means doing an about-turn and walking back to the right road and in that case the man who turns back soonest is the most progressive man. There is nothing progressive about being pig-headed and refusing to admit a mistake. And I think if you look at the present state of the world it's pretty plain that humanity has been making some big mistake. We're on the wrong road. And if that is so we must go back. Going back is the quickest way on. ---C. S. Lewis

  3. The Following 2 Users Say Thank You to woodman For This Useful Post:

    hoarder (2nd February 2021),midnight rambler (5th February 2021)

  4. #13
    Unobtanium EE_'s Avatar
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    Re: Get out the rocket

    Quote Originally Posted by jcismylord View Post
    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/...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...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...-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-o...condary-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/...condary-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/...condary-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-c...on-coins-bars/
    DON'T TAKE THE VACCINE!

  5. #14
    Great Value Carrots
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    Re: Get out the rocket

    Quote Originally Posted by jcismylord View Post
    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!
    Patriotism seems and feels like terrorism to the fallen feminine

  6. #15
    Unobtanium EE_'s Avatar
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    Re: Get out the rocket

    DON'T TAKE THE VACCINE!

  7. #16
    Unobtanium Shami-Amourae's Avatar
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    Re: Get out the rocket

    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...-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.

  8. #17
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    Re: Get out the rocket

    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.

  9. The Following User Says Thank You to hoarder For This Useful Post:

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  10. #18
    Unobtanium EE_'s Avatar
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    Re: Get out the rocket

    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/commoditie...nd-silver-gold
    DON'T TAKE THE VACCINE!

  11. #19
    Unobtanium EE_'s Avatar
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    Re: Get out the rocket

    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/go...across-country
    DON'T TAKE THE VACCINE!

  12. #20
    Iridium
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    Re: Get out the rocket

    Quote Originally Posted by EE_ View Post
    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/go...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/ca...nverter-theft/
    life is good.

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