“Everyone Is Afraid Ahead Of The Open” – Reddit-Raiders Spark Nationwide Physical Silver Shortage

NXT Mine ^ | 1-31=2021

[cgbg]

An engineered global financial catastrophe would play directly into the hands of the Marxist globalists

It depends.

Is it on their timetable?

Do they get to control which pieces fall, where they fall, and when they fall?

Chaos breaks them.

In the US they have _finally_ gained control of all major institutions--now they have to try to defend _their_ turf.

[cgbg]

Remember that almost all commodities are used in actual physical products—which means _any_ major rise in price has an exponential effect due to shortages.

My wish is that the Redditors paid homage to Hillary Clinton and went after the cattle futures market. :-)

[Hootowl99]

IIRC most of the copper mine and primary smelter capacity in the US has shut down over the last few decades. Low prices and environmental regs. The majority of copper is imported.

In the current political environment, restarting existing much less starting new mining (of any type) in the US is probably impossible.

My opinion....

[rb22982]

Cool million in gold...not a bad inheritance.

[Robert DeLong]

Well that makes sense. 8>)

[blam]

"Just posting this for your thoughts."

Thanks for the input. Nice to hear from you.

[rb22982]

Yes, not everyone has the capacity to buy that kind of investment in bullion, but a lot can. There are ~19 million households with a net worth of at least $1 million just in the US, or more than 10% of households.

[rb22982]

Probably a bit of both if SD Bullion sold 10x what they normally do in one weekend in less than half the weekend.

[CodeToad]

Exactly. I saw this months ago. I am eagerly waiting to see which pig of an NGO or ‘investment house’ squeals the loudest.

[Trinity5]

Close to a $1 million dollars at the time... Nice...

[semaj]

“Did they “spark” a nationwide shortage or “expose” a nationwide shortage?”

.... Thats exactly what they did.

[Eagles6]

Yep. That's the best indicator.

Don't see any 1oz Silver Eagles for under $40.

Rolls of dimes are a minimum of $140.

[PIF]

Back when two brothers cornered the Silver market and drove the price above $US7.00. At $27 is still not worth the hassle but I’ll look more closely at silver coins minted 1964 and earlier: 90% Silver and 10% Copper.

Melt value:
Dime about $1.25
Quarter about $4.76

[precisionshootist]

"He's incorrect and is misjudging what's happening and the power that retail traders have when handed together. He had a normalcy bias to a paradigm that is collapsing before our eyes. With your friend's mentality, he's going to lose a lot of money. Again, save the note he sent you."

Have to agree here. These banks and hedge funds had virtual monopoly power on market manipulation but not anymore. It only takes one competitor in this game to introduce the possibility of absolute catastrophic loss and that time has arrived. The risk of losing billions has become real.

I have said and history demonstrates. Over time technology has a way of leveling the playing field. Those that enjoy monopolistic power and use it in malicious ways will some day be made irrelevant.

Facebook, Twitter and the rest of the cabal have near total monopolistic power but the very technology they are currently using for malicious purposes will some day level the playing field and they will destroyed. Bank on it.

WallStreetBets may well be the beginning of the end of facebook and twitter tyranny.

[Oystir]

Thanks. I have asked a metal trader about this weekend’s activities. I haven’t had a response yet.

[PIF]

That’s the asking price. They are still only worth the bullion price. I’ll sell my dimes for US$50 and my quarters for US$100, bullion pieces for US$1,000, so contact me if you would like to get in on this one time offer.

[Karl Spooner]

I seen some estimates that for every hundred dollar increase in silver the prices of electronic devices would go up a dollar or so. That’s how minute the amount of silver that is used in them. They still sell cars with rhodium in the catalytic convertors with rhodium’s price hovering at 20,000 per ounce currently.

[Solson]

44 POUNDS?

[ExSES]

See:

https://www.coinflation.com/silver_coin_values.html

[Solson]

My dad used to call this the “plunge protection team”. They would short precious metals and do a massive sell off plunging the price. Then they’d buy it up at low prices. They have enough in their vaults to drive it to whatever price they want.