Es el caso de Vicente ‘el Peseta’, que se quedó en paro a los 60 años, así que ha creado una marca de ropa inspirada en la antigua moneda española. Vicente trabajaba en la hostelería, uno de los sectores más golpeados por la pandemia y nos cuenta en ‘Herrera en COPE’ que la idea de crear esta marca “la teníamos pensado desde hace tiempo y cuando me mandaron al paro consideramos que era el mejor momento para poner en marcha nuestro proyecto”.
“Contrariamente a la creencia popular, el patrón oro no es la forma natural del dinero metálico, sino un invento del Banco de Inglaterra para fijar una unidad de cuenta estatal exclusivamente en oro. Hasta 1844 lo que imperó en el mundo fue el polimetalismo, dinero físico de diferentes metales, dominado, evidentemente, por el oro y la plata.”
“Catastróficas consecuencias para los tenedores de plata. La relación oro-plata pasó de 1:15 en 1870 a 1:40 en 1900, es decir, una pérdida superior al 50% de su poder adquisitivo. Y beneficios brutales para los propietarios de oro, en especial los mineros californianos. Que, lejos de ver cómo el oro se devaluaba por causa de la mayor oferta, vieron su valor multiplicado.
Curiosamente, la ley fue introducida por el senador John Sherman (luego secretario del Tesoro, 1877-1881) y se aprobó casi en secreto en el Senado el 9 de enero de 1871 (36 a 14), pasó a la Cámara de Representantes, donde expiró al disvolverse el Congreso en marzo de 1871. Reintroducida en diciembre de 1871 y abril de 1872, sin éxito, y fue devuelta al Senado en enero de 1873, donde Sherman logró, por fin, que fuera APROBADA SIN VOTACIÓN REGISTRADA. Firmada por el presidente Ulysses Grant el 12 de febrero, entró en vigor el 1 de abril de 1873 (el día de los Inocentes en el mundo anglocabrón), pasó desapercibida debido a la suspensión de pagos originada por el crash de 1873.
No fue hasta 1875 que se empezaron a dar cuenta de las consecuencias. Al parecer nadie se dio cuenta de que estaban desmonetizando, de facto, la plata.
Finalmente, en 1900 se adoptó legalmente el patrón oro en los EEUU (Gold Standard Act). El dólar dejó de definirse como un real de a ocho español (24,1 g de plata pura), según estableció la Coinage Act de 1792 (con una relación respecto al oro de 15:1, incrementada a 16:1 en 1834), y se fijó en 1,5046 gramos de oro. Un dólar de plata dejó de ser un dólar para convertirse en un lingote circular cuyo valor se expresaría en dólar-oro.
La calderilla de plata (de medio dólar para abajo), aún perviviría hasta 1965.”
“The Club of Rome” was a think tank of scientists, economists, industrialists and international officials who have questioned the future of our societies and the “limits of growth”. This was the title of their report published in 1972, the result of four years of studies, analyzes and forecasts. The 1972 report announced a very worrying future for humanity and foresaw the collapse of our society by 2030.
This report translated into 37 different languages has been sold to 12 million copies. It was the Bible of our governments after the strong growth of the 30 glorious post-war years.
In 2012, a second report produced by the same actors, using the same methodology as the first one with updated data benefiting from the most modern computer tools, was made public. This report arrived exactly at the same result as that of 1972. It still provides for the collapse of the present society for 2030. The countdown began 45 years ago, and there are only 12 years left.
The table below shows the global reserves of raw materials and the date of their depletion. If you look for the Silver, resources were supposed to be depleted by 2020.
There will always be silver, but the ore content will be lower and therefore more expensive to extract. As for silver sleeping on the ocean floor, prices will have to go up a lot to make it profitable to open mines at great depth.”
La Historia tiene muchos fatores pero el mas relevante por sus consecuencias es, en mi opinion, el monetario y este no puede ser comprendido sin la funcion de los metales preciosos en el.
Como ejemplo, en la guerra franco-prusiana, si nos fijamos en sistema monetario, supuso un paso fundamental en el fin de la plata como patron monetario:
Al exigir Prusia unas indemnizacion de guerra altisimas y solo aceptar oro como pago (hasta entonces siempre se había pagado en oro y plata). Este hecho revento la ratio oro/plata al obligar a cambiar plata por oro para poder satisfacer las indemnizaciones de guerra. El cambio en la ratio oro/plata supuso que los paises con patron bimetalico no pudiesen mantener el cambio obligandoles a pasar al patron oro, lo que llevo a que la ratio aumentase aun mas a favor del oro. Como se puede ver en este grafico supuso un punto de inflexion en la ratio oro/plata que se tradujo en una transferencia de riqueza brutal de quienes tenian plata que vieron reducido su poder adquisitivo, a quienes tenian oro que lo vieron aumentado:
Los cambios territoriales derivados de la guerra apenas tienen consecuencias pero el abandono de la plata supuso el empobrecimiento de aquellas partes del mundo donde tenian patron plata (Asia y Rusia principalmente) y de la gente que tuviese plata como forma de ahorro (el ciudadano de a pie) provocando la mayor depresion economica hasta el momento: Gran Depresión (1873-1896) – Wikipedia, la enciclopedia libre
Las consecuencias de un cambio de patron monetario son mundiales y sus efectos se siguen notando a dia de hoy (mientras que el hecho de que Alsacia y Lorena sean francesas o alemanas sea, en comparacion, irrelevante pese a ser lo que normalmente se fija la atencion en las clases de historia). Un cambio monetario supone un cambio en las reglas de juego geopolitico y economico que condiciona al resto de variables
¡World´s Fair of Money del 10 al 14 de agosto en Chicago! ¡No queda “ná”! 😉
P.S.II Bonitas onzas de plata, replicando/copiando a nuestros queridos 8 reales columnarios. Made in USA
Each Pillar Dollar round is unique due to the Antiqued finish that is applied. This gives the sense of an old Spanish coin that was recovered from a Pirate treasure or shipwreck. Each piece is struck in .999 Fine Silver, and weighs between 30.5 and 31.5 grams each (a little under to a little over one troy ounce). The original coins were issued weighing 27.47 grams with a fineness of 0.93055, giving an ASW (actual silver weight) of 0.8218 troy ounces.
Granalla de plata fina 99,9 % o 99,99 % de pureza o, lo que es lo mismo, una impureza por 1.000 o por 10.000; plata para joyería, para alingotar, para procesos industriales, para…Puede provenir del refino de chatarra/plata de diversas leyes o del mineral afinado. Me encanta juguetear con las lentejas/formas heterogéneas de diversos tamaños presentes en los sacos de 25 kg… 😉
Como se ve al final del video, queda algo así, con multitud de formas (mayormente redondeadas) y tamaños
Aquí hablaba sobre electrodos de plata 999 también
“Con datos y referencias interesantes, todos estos libros son los “dinosaurios numismático-informativos” del siglo XX , superados por la actualizada en inmediata internet en cuanto a nuevas falsificaciones…aunque no hay nada como la propia experiencia de tocar desde burdas copias en calamina hasta sofisticadas reproducciones áureas “
“Antes de comenzar a refinar, debe comprender cuántos elementos preciosos y no preciosos hay en la materia prima. Incluso en la etapa de expedición, el proveedor informa de antemano cuánto oro puede haber en su materia prima después del procesamiento, pero las expectativas no siempre se corresponden con la realidad. El veredicto final se dicta en el centro analítico Krastsvetmet, que es uno de los diez mejores laboratorios del mundo en el campo de los metales preciosos, esto lo confirma la acreditación anual. Los especialistas del centro analizan varios cientos de miles de muestras al año. “
“…The forecasted combined net result of physical supply and demand is a 2020 surplus of 31.5 million ounces. However, that figure is not the bottom line. In 2020, it looks like net investment in exchange-traded products (especially exchange-traded funds like SLV) will reach 350 million ounces. When you factor in this demand, which is touted as physical demand, but may be largely on paper), the net silver shortage for 2020 could be 318.50 million ounces!…”
“Publius Septimius Geta (7 de marzo de 189 dC – 26 de diciembre de 211 dC) Emperador desde 211 hasta su asesinato en 212. Fue el segundo hijo de Septimio Severo y de su esposa Julia Domna. Hermano menor de Caracalla. Compartió el poder imperial con su hermano Caracalla, que lo mandó asesinar en 212. En 209 fue nombrado César por su padre. En febrero de 211, tras la muerte de Septimio Severo asumió la herencia y compartió el poder con su hermano Caracalla. A finales de este mismo año Caracalla mató a Geta en el palacio imperial. Geta murió en los brazos de su madre Julia Domna. Muchos de sus seguidores también fueron asesinados. La causa para este desenlace era según algunas fuentes celos de la creciente popularidad de su hermano. Otras apuntan a que Geta planificaba por su parte apartar a su hermano del trono y este sólo se defendió adelantándose a los acontecimientos.“
Aquí ya hablaba, a finales de enero, sobre la compra masiva de plata, tanto física como a través de PSLV (papel con respaldo), en todo el mundo para conseguir hundir a los banqueros de JPMorgan, entre otros
So first this is going to be an ‘opinion’ post for 2 reasons. The first is I cannot be bothered to explain and quantify all the data I have. Second is I do not want to reveal my sources. So assume I am a schizophrenic that hears voices and thinks god told me all this.
By May 7th silver retail production will be about 5% compared to what it is now. Roughly a week later all retail products made from March 1 to May 7th will have been sold. You will effectively be unable to buy any new coins or bars from this point (May 14th) onwards as that small amount being produced per day will have an ever increasing tank of sharks chasing it.
Now for some explanations of what we are seeing in the physical market. Around Feb 1 when the WSS movement started there were bars and coins sitting in shops and warehouses around the world, lets call this global retail inventory “Before WSS Inventory” or BWI. This entire supply was wiped out by early March. Now this BWI that was bought up very quickly did not touch a single 1000oz bar in the market, this is why Comex and ETFs barely saw movement until March rolled around.
Somewhere between Feb and March the retail smelters and refineries went to 100% production and they will stay there until, one by one they run out of supply. May 7th is the deadline so to speak when nearly all of their 1000oz supply will be depleted. Any increase in demand for retail products will not speed up this process, they will be making products until May 7th, they have their 1000oz inventory and they are close to 100% production. There are some exceptions to all refineries operating at 100%, some have already depleted their supplies and some are rationing while they attempt to source new 1000oz bars.
So what is the actual problem here? If a refinery runs out of 1000oz it will just get more right? This is exactly what they have been doing, in near panic for the last 2 weeks. But this process began at some refineries middle of February, kicked into gear first week of March and hit panic levels just recently. They cannot find enough. Refineries are now battling investors for the last 1000oz bars and paying premiums never seen before, this is part of the reason premiums for the retail products are high and will get higher. Refineries are also getting phone calls from ETFs/investors asking them for their remaining 1000oz.
So here is what you are going to see in the leadup to May 7th.
Individual retail suppliers are one by one going to run out of product completely as the refineries they rely on cease or ration production.
There will be an increased inability to convert any paper product into 1000oz bars, let alone smaller bars.
PSLV will come out before the end of April and say they are unable to source enough 1000oz bars to satisfy their prospectus.
Premiums will get higher and higher.
Local coin shops may be the only possibility to find any silver after May as some people will still be selling a few coins and bars.
All of this is based on the assumption that refiners will use their whole 1000oz inventory for products. If they don’t that May 7th deadline will be pushed forward. Why wouldn’t they? Well greed mainly. If you had the last supplies of a dwindling resource it would make financial sense for you to stop production now and make products in the future when you can charge way more. If there are any refinery “unexpected downtime” this is the reason. It is also possible they will be “politely” asked to stop.
This war is not meant to be won; it is meant to be continuous. An essay.
The people in power WANT everyone alive poor, desperate, and helpless so we beg for salvation in the form of Central Bank Digital Currencies while the top 1% get richer than any other time EVER. Please read this entire post as I’ll go into detail about what’s really happening.
Central Bank Digital Currencies will give central banks “absolute control” (their words, not mine) over every person on earth. We cannot allow this global dictatorship to happen!! If they succeed, it will entrap all of humanity in PERMANENT slavery, forever. This is not an exaggeration!
This is quite literally the fight between good and evil for the future of all of humanity. If not for you, think of future generations. We cannot afford to lose this war! This was the same critical inflection point that caused Ancient Rome to fall, but this time it’s global.
I am begging you to look around and SEE what’s happening before your very eyes. People are scared and depressed through the constant bombardment of COVID-19 propaganda, lockdowns, and politics. People are choosing not to have life-saving cancer treatments for fear of catching a virus with a 97.8% survival rate. Suicides and homicides have spiked over extreme acute stress and trauma. The police force is turning against the people they are supposed to “serve and protect” while they act as a buffer between us and the real enemies: governments and banks. All of these entities were put in place BY US, to represent US. They haven’t actually represented us since the day they took office. Their campaigning to the populous was just a show with no intention to follow through on anything they promised. Banks and huge corporations then use their wealth to buy politicians to ensure they get ahead financially at the expense of everyone else. Buying politicians supposedly has a 750:1 return on investment.
If this doesn’t look like a world you imagined for yourself, your children, or your family, then you need to do something about it RIGHT NOW. Central Bank Digital Currencies are being built and implemented through the entire world economy as I write this, here in the year 2021. The first several are already in use.
Here’s how we got to this place: when you work at a job, you use your energy to produce something of value and are paid for whatever it is you produce. When you save money in a bank account (many banks pay you next to nothing in interest), not only are you losing your purchasing power and becoming poorer thanks to inflation, the banks are using YOUR cash to make loans to other people and are charging interest on that to the tune of at least 10:1. For every $1,000 in a bank account, they lend out $10,000 and charge interest on all of that. Yes, this means banks lend out money they don’t even have and charge interest on it.
And here’s the real shocker: when your local bank runs out of your money and can’t counterfeit even more into existence due to the reserve requirements, they call up the central bank to send them more. Central banks then get the national mint to print currency, then they lend that newly printed currency to the government and charge the government interest on loans to the local banks. Finally, the taxpayer is on the hook for ALL of it. This is called fractional reserve lending and it is the single source for ALL of humanity’s problems, from famines to war to poverty to hatred and wealth inequality.
The elites use their power, wealth, and influence to wage psychological wars on the masses so that we will fight amongst ourselves over race (think Black Lives Matter or White Supremacists), politics (think Democrat vs. Republican), religion (think Christian vs. Muslim), when in reality, NONE of that stuff truly matters. It is ALL a social construct designed specifically to divide us and keep us fighting while the top 1% plunder the world’s riches.
Bankers have figured out a way to steal more than 90% of ALL of humanity’s wealth. This creates extraordinary distortions in the economy, as well as massive booms and busts like the one we are currently going through.
If you’ve ever felt like it’s getting harder to make ends meet, that’s because it is. You ARE getting poorer while banks and governments are getting unimaginably rich buying up all of the assets and resources in the economy (think the housing crisis of 2008/2009) by using our collective work energy. This happens to you even if you’ve never taken out a loan in your entire life. Simply using currency is what causes inflation, yet it’s the same people that benefit most that are telling us to use their infinitely-inflatable currency.
At some point, the dam always breaks because the cost of living exceeds income, and to prevent the debt slaves (meaning the entire population) from going bankrupt and causing deflation, leading to cascading defaults, bankers must hyperinflate the currency away like many countries including the United States (yes really; see the money supply at https://fred.stlouisfed.org/series/M1), Canada, Australia, Italy, Venezuela, and others are doing right now. Hyperinflation allows debtors to pay back their debts using worthless currency.
Fortunately, there is a way out of this hell they’re building; it’s their true Achilles heel: physical, real-world, hold-in-your-hands SILVER.
Silver is a naturally-limited (and dwindling) resource that cannot be inflated away, cannot be recreated in a laboratory, and has been used in commerce for thousands of years.
Physical silver is a store of value and if you hold your wealth in this form, it is impossible to go broke because it has intrinsic value.
Silver also protects you and your family from the ravages of hyperinflation. Just look at what happened to the price of silver in Venezuela, Zimbabwe, Weimar Germany, and Hungary during their bouts of hyperinflation; silver went up in price by BILLIONS of percentage points. Not even Bitcoin can offer such incredible, life-changing returns.
We MUST start using silver again and not fiat currencies that secretly steal all of your purchasing power through inflation over the decades! It’s the only way we can truly heal as a species.
Just remember, the people have always had the power, not our “elected officials” or banks, and it’s about fucking time we take back what’s ours!!
According to Ted Butler the combined short position of Bank of America and the Cartel is about 850 million ounces. From where the hell will they get this metal ?
Exactly ten years back in April,2011 Silver traded at around $50. And now 10 years later in April, 2021 it is trading at around $25 ( half the price of April 2011) and is even being pushed below $25 as was done on last Monday. And this has happened despite the runaway inflation as prices of all items have gone up much higher. The only reason for this paradoxical fall in Silver price is the huge and concentrated short position of about 850 million ounces of a Cartel of banks like Goldman Sachs, HSBC, Bank of America to name a few. Now with the tightening of the physical availability of Silver in the market caused by this noble movement started by we Apes, the noose is tightening around the neck of these Banks and soon they will run for cover. The countdown has already started and the Silver Rocket is soon ready to take off leaving the all time high of $50 in April 2011 much behind it.
The real DD on SLV, the worlds biggest short squeeze is possible and we can make history
Here is the longer DD for the short squeeze case for SLV, a follow-up from my shorter post a few hours ago. Note that I talk in first person as this is something I’m going to do. Everyone is free to do as they individually please and copy my trade if they’d like to. I think it’s absurd that forces at be think this forum is manipulating by posting publicly but that’s where we are at right now.
First things first, I’m not doing this until the GME rise is done. I am long GME but am going long SLV immediately after.
If you just want to know what to buy skip to the end
I present 2 investment DDs in this post, the short squeeze and the fundamentals. If you want to see what to buy
The short squeeze:
Buy SLV shares (or PSLV shares) and SLV call options to force physical delivery of silver to the SLV vaults.
The silver futures market has oscillated between having roughly 100-1 and 500-1 ratio of paper traded silver to physical silver, but lets call it 250-1 for now. This means that for every 250 ounces in open interest in the futures market, only 1 actually gets delivered. Most traders would rather settle with cash rather than take delivery of thousands of ounces of silver and have to figure out to store and transport it in the future.
The people naked shorting silver via the futures markets are a couple of large banks and making them pay dearly for their over leveraged naked shorts would be incredible. It’s not Melvin capital on the other side of this trade, its JP Morgan. Time to get some payback for the bailouts and manipulation they’ve done for decades (look up silver manipulation fines that JPM has paid over the years).
The way the squeeze could occur is by forcing a much higher percentage of the futures contracts to actually deliver physical silver. There is very little silver in the COMEX vaults or available to actually be use to deliver, and if they have to start buying en masse on the open market they will drive the price massively higher. There is no way to magically create more physical silver in the world that is ready to be delivered. With a stock you can eventually just issue more shares if the price rises too much, but this simply isn’t the case here. The futures market is kind of the wild west of the financial world. Real commodities are being traded, and if you are short, you literally have to deliver thousands of ounces of silver per contract if the holder on the other side demands it. If you remember oil going negative back in May, that was possible because futures are allowed to trade to their true value. They aren’t halted and that’s what will make this so fun when the true squeeze happens.
Edit for more detail: let’s say there’s one futures seller who gets unlucky and gets the buyer who actually wants to take delivery. He doesn’t have the silver and realizes it’s all of a sudden damn difficult to find some physical silver. He throws up his hands and just goes long a matching number of futures contracts and will demand actual delivery on those. Problem solved because he has now matched the demanding buyer with a new seller. The issue is that the new seller has the same issue and does the exact same thing. This is how the cascade effect of a meltup occurs. All the naked shorts trying to offload their position to someone who actually has some silver. My goal is to ensure that I have the silver and won’t sell to them until silver is at a far higher price due to the desperation.
The silver market is much larger than GME in terms of notional value, but there is very little physical silver actually readily available (think about the difference between total shares and the shares in the active float for a stock), and the paper silver trading hands in the futures market is hundreds of times larger than what is available. Thus when they are forced to actually deliver physical silver it will create a massive short squeeze where an absurd amount of silver will be sought after (to fulfill their contractually obligated delivery) with very little available to actually buy. They are naked shorting silver and will have to cover all at once and the float as a percentage of the total silver stock globally is truly minuscule.
The current gold to silver ratio is 73-1. Meaning the price of gold per ounce is 73 times the price of silver. Naturally occurring silver is only 18.75 times as common as gold, so this ratio of 73-1 is quite high. Until the early 20th century, silver prices were pegged at a 15-1 ratio to gold in the US because this ratio was relatively known even then. In terms of current production, the ratio is even lower at 8-1. Meaning the world is only producing 8 ounces of silver for each newly produced ounce of gold.
Global industry has been able to get away with producing so little new silver for so long because governments have dumped silver on the market for 80 years, but now their silver vaults are empty. At the end of WW2 government vaults globally contained 10 billion ounces of silver, but as we moved to fiat currency and away from precious metal backed currencies, the amount held by governments has decreased to only 0.24 billion ounces as they dumped their supply into the market. But this dumping is done now as their remaining supply is basically nil.
This 0.24 billion ounces represents only 8% of the total supply of only 3 billion ounces stored as investment globally. This means that 92% of that gold is held privately by institutions and by millions of boomer gold and silver bugs who have been sitting on meager gains for decades. These boomers aren’t going to sell no matter what because they see their silver cache as part of their doomsday prepper supplies. It’s locked away in bunkers they built 500 miles from their house. Also, with silver at $23 an ounce currently, this means all of the worlds investment grade silver only has a total market cap of $70 billion. For comparison the investment grade gold in the world is worth roughly $6 trillion. This is because most of the silver produced each year actually gets used, as I have mentioned. $70 billion sounds like a lot, but we don’t have to buy all that much for the price to go up a lot.
**If the squeeze happens, it would be like 40 years worth of their gains in 4 months **
The reason that only 8 ounces of silver are produced for every 1 ounce of gold in today’s world is because there aren’t really any good naturally occurring silver deposits left in the world. Silver is more common than gold in the earth’s crust, but it is spread very thin. Thus nearly every ounce of silver produces is actually a byproduct of mining for other metals such as gold or copper. This means that even as the silver price skyrockets, it wont be easy to increase the supply of silver being produced. Even if new mines were to be constructed, it could take years to come online.
Finally, most of this newly created silver supply each year is used for productive purposes rather than kept for investment. It is used in electronics, solar panels, and jewelry for the most part. This demand wont go away if the silver price rises, so the short sellers will be trying to get their hands on a very small slice of newly minted silver. The solar market is also growing quickly and political pressure to increase solar and electric vehicles could provide more industrial demand.
The other part of the story is the faster moving piece and that is the inflation and currency debasement fear portion. The government and the fed are printing money like crazy debasing the value of the dollar, so investors look for real assets like precious metals to hide out in, driving demand for silver. The $1.9 trillion stimulus passing in a month or two could be a good catalyst. All this money combined with the reopening of the economy could cause some solid inflation to occur, and once inflation starts it often feeds on itself.
I will be putting 50% directly into SLV shares, and 50% into the $35 strike SLV calls expiring 4/16. This way the SLV purchase creates a groundswell into silver immediately that then rockets through a gamma squeeze as SLV approaches $35. Price target of $75 for SLV by end of April if the short squeeze happens.
Edit: for the part of your purchases going into shares, some people recommend PSLV because they think SLV might start lying about having the silver in their vault. Or that the custodian will be double counting, ie claiming that the same silver belongs to multiple people (banking on the fact that people wont all try to get their silver at once). So if you buy SLV shares and calls, that’s great. But I think it could be prudent for us to buy options in SLV (no options on PSLV) and shares in PSLV. It all depends on how paranoid you want to be. There is a lot of paranoia in the precious metals world.
– buying physical silver; this also works but you pay a premium to buy and sell so its less efficient and you take fewer silver ounces off of the market because of the premium you pay
– going long futures for February or March; if you are a rich bastard and can actually take physical delivery of 1000s of ounces of silver by all means do so. But if you simply settle for cash you are actually part of the problem. We need actual physical delivery, which is what SLV demands and is why SLV is the way to go unless you are going to take delivery
– miners; I don’t recommend buying miners as part of this trade. Miners will absolutely go up if SLV goes up, but buying them doesn’t create the squeeze in the actual silver market. Furthermore, most silver miners only derive 30-50% of their revenue from silver anyways, so eventually SLV will outperform them as it gets high enough (and each marginal SLV dollar only increases miner profits by a smaller and smaller percentage)
Details on SLV physical settlement:
When SLV issues shares, the custodian is forced to true up their vaults with the proportional amount of silver daily. From the SLV prospectus:
“An investment in Shares is: Backed by silver held by the Custodian on behalf of the Trust. The Shares are backed by the assets of the Trust. The Trustee’s arrangements with the Custodian contemplate that at the end of each business day there can be in the Trust account maintained by the Custodian no more than 1,100 ounces of silver in an unallocated form. The bulk of the Trust’s silver holdings is represented by physical silver, identified on the Custodian’s or, if applicable, sub-custodian’s, books in allocated and unallocated accounts on behalf of the Trust and is held by the Custodian in London, New York and other locations that may be authorized in the future.”
Join me brothers. Lets take silver to the moon and take on the biggest and baddest manipulators in the world. Please post rocket emojis in the comments as desired.
Disclaimer: do your own research, make your own decisions, everything here is a guess and hypothetical and nothing is guaranteed, not a financial advisor, I have ADHD and maybe other things too.
Bear case: silver does tend to sell off if the broader market plunges so it’s not immune to broad market sell off. It’s also the most manipulated market in the world so we are facing some tough competition on the short side
100% agree with you for post-GME. I’m an old balls millennial who started learning about the massive Silver manipulation right around 2008. In 2010 I think it spiked again to almost $50 then got crushed down by JPM.
I was thinking earlier this week that if the autists got ahold of SLV it would be lights out for JPM…. Which I don’t know is a good thing… You know, like anarchy in the streets when the worlds largest bank folds…
We have the whole financial media industry trying to silence us and campaigning for SEC/legal action because we are winning against Melvin, a company rarely in headlines or big discussion before all of this.
Op wants to take on jPM who has all but been caught red handed (allegedly)manipulating the silver trade before. We will have actual gestapo coming for us.
I’m not saying individuals shouldn’t do this, I’m saying use a VPN and use your gme money to purchase a ticket the moon for safety first.
Man I pray for this day! Honestly pray. They have manipulated gold and silver for years and years. JP Morgan ours $1b in fines this year and laughs it of. This would break a whole system way way way more than GME
Manipulation of physical precious metal markets has happened before and I don’t recall it ending well. The government or the banks are vested in suppressing the price. This would be a step up in our crusaded against the big boys. That said, you son of a bitch, I’m in.
DO YOU RETARDS KNOW WHAT THAT MEANS?312 million ounces are naked short.
This isn’t a stock so there will be no offering. Or they’ll have to dig it out of the fucking ground. This is a real short squeeze. AMC issued 96 million more shares yesterday. I’m not saying anything wrong with that, it will keep them in business. But this is pure short squeeze, there will be no way to weasel out of this.
Great DD! Often silver is inadvertently thrown away rather than being recycled like gold. And as you mentioned, a lot silver is obtained through the mining of copper rather than actual silver mines proper.
COMEX or CBOT for straight futures contracts. This could actually be a thing in the SLV ETF. If Stonks do start to crack precious metals are a flight to safety trade and if inflation numbers start to come in hot silver would have some tailwinds. Gold has already printed fresh highs in comparison to silver from the last big ramp in 2011.
One more thing OP forgot to mention. Once everything reopens and the velocity of money goes up again, inflation will pick up and exceed 2.5%. Once this happens people will start buying silver for sure. Buy and hold silver until everything is reopened! 🚀🚀🚀
Probablemente esto no sea más que un pump & dump de libro, pero ¿y si…? (We, the people…) 😉
Todos a comprar unas moneditas de plata…a ver si el delivery del COMEX se queda seco, jeje
P.S. Parece que dos grandes “dealers” se van quedando sin existencias y/o esperan que mañana lunes (esta noche abre la negociación en Asia) abra el mercado papel con un “gap” (hueco) al alza importante
Rome. Aurelian, 270-275. Aureus (Gold, 4.29 g 12), Milan, late 270. Image: Leu Numismatik AG.
The Corsica Hoard
Sunk shortly after 272 CE, one of the more controversial ancient shipwrecked treasures was partially discovered in the Gulf of Lava located off the southern coast of Corsica. The Lava Treasure, also known as the “Corsica Hoard” and the “Mediterranean Sea Hoard” was first discovered in the late 1950s by two brothers.