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Silver is Going Crazy!!

Hey Hey Hey, Gold just hit $4.7K.

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markinswpa said:
And silver will top $100 before the end of the week. Anybody contemplating selling I would say hang on. Its gonna double. Sooner than you think.
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Silver's currently doing its up and down dance, but earlier it hit a new high, $96oz. I can see $100 just up ahead!

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OldBeechnut said:
Im sure you know the spot they came from up the Magothy.. odd this spot they come up both ways, some crusty and some blackened.. just a matter of which area they are dug.
View attachment 84017
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That key looks like the front door key from our house that was just off the Magothy ... I don't recall losing one, maybe one of the kids did. All four kids were up and down the Magothy in the canoe quite a bit and swimming in several places too. LOL
 
Ohio pull tabs said:
I'm not selling I have a ounce I bought for 88 dollars coming today. I bought it off whatnot so to make up of for shipping I bought a graded pf67 Benjamin 1958 I think. It was 34 dollars
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When Silver reaches $150, $200, $300 or more, your $88 investment will look like a bargain. :)
 
D&P-OR said:
As Bravehart said "HOOOOLLLLD!!!!----Right Sand Sifter!!!----Me, I'm holdin till I'm moldin! :)👍
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LOL, check my post #138, I posted a video clip of Braveheart yelling Hold, multiple times. ;)
 
I'm hanging on to mine.

I've a strange feeling this is a ploy to get Everyone to sell everything.
If the world economy collapsed.
US and global dollars could be worthless.
Only precious metals would have any real value.
 
They cut margins in half this week want everyone in banks will fight tooth and nail to keep silver under $100 Jan 31 the day options expire they will make billions and buy there shorts back at $90 to $93 then short again same game they have unlimited money ,
Buy physical and hold don't play options they will beat you every time if not and silver gos over a $100 they will double down and beat you next time .
Just hold physical . sube
 
Wife and I were in a thrift store today and normally go through the silverware to see if there is any real silver there. It has been a couple years since I found real silverware (we see a lot of silver plated), although I have found some way under-priced jewelry that was either silver or gold and got those for way under melt value. There was a woman in front of me who turns and says " look what I found". She had four long tea stirring spoons and sure enough, they were marked solid sterling silver for fifty cents each. All I could say was "congratulations, I should have been here ten minutes sooner!" She says her husband will turn them into bracelets for her. Good for her!

They looked a lot like this one:

502008F4-E691-2F0A-ECCA-49F8A27B4918.jpg
 
A couple more highs for today. Gold crossed over $4,800oz, and Platinum crossed over $2,500oz.

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Sand Sifter said:
Just my opinion Joe, but IMO, I think it's pretty ridiculous that the entry fee would be charged in Silver dimes. I know they want to use those dimes to seed the field, but what if a guy doesn't have 75 Silver dimes? lol. They're entering a seeded hunt in the hopes of finding silver, gold, tokens, etc. A guy would have to find 75 Silver dimes during that hunt just to break even. Seems to me, whoever is promoting that hunt is doing themselves a disservice, as there's probably a lot of people who would like to attend, but don't have, or don't want to cough up that much Silver to enter. Should have just put a dollar amount for entry fee, so that everybody could sign up.
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yeah my same thoughts I know when I went to a few that were raising money for a cause it was like $50.00 entry fee and all the coins you could find in the seeded area thats the only
type hunts we hunt thats crazy to pay up front in silver whos going to do that a idiot?
Mark
 
I really like the way that John AG (Asian Guy) presents Silver & Gold market information. But there’s been speculation about who he really is, and some have said that he’s spreading false misinformation. He apparently has been seeing comments about all this, so he did a special video to explain who he is, and that his channel has been getting spoofed by a lot of copycats. This video is on his official channel, and he explains safeguards that he’s made so that we can be sure we’re watching the real John AG, and not a copycat ripping off his likeness, layout, etc.

Now I know why I keep seeing large numbers of new videos with his likeness and voice many multiple times per day. Nobody on earth could produce that many videos every single day, on so many topics, so hearing that he’s being copied and impersonated by others explains the large daily volume of videos I’ve been seeing that look like they’re coming from him, but they're not. Looks like a case of other people trying to cash in on his work & likeness to get clicks and try to make some $. Typical low-life's trying to cash in on another person's work.

 
Sand Sifter said:
I really like the way that John AG (Asian Guy) presents Silver & Gold market information. But there’s been speculation about who he really is, and some have said that he’s spreading false misinformation. He apparently has been seeing comments about all this, so he did a special video to explain who he is, and that his channel has been getting spoofed by a lot of copycats. This video is on his official channel, and he explains safeguards that he’s made so that we can be sure we’re watching the real John AG, and not a copycat ripping off his likeness, layout, etc.

Now I know why I keep seeing large numbers of new videos with his likeness and voice many multiple times per day. Nobody on earth could produce that many videos every single day, on so many topics, so hearing that he’s being copied and impersonated by others explains the large daily volume of videos I’ve been seeing that look like they’re coming from him, but they're not. Looks like a case of other people trying to cash in on his work & likeness to get clicks and try to make some $. Typical low-life's trying to cash in on another person's work.

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Don't know if it can be done, Youtube needs to crackdown and eliminate AI generated content. If viewers can't trust what they watch, pretty soon they will get fed up and stop watching. I already find myself checking the videos I watch.
As far as silver, I've seen a couple snippets that say the bubble will burst the end of the month and the value will decrease by half. Will half to wait and see.
 
markinswpa said:
Don't know if it can be done, Youtube needs to crackdown and eliminate AI generated content. If viewers can't trust what they watch, pretty soon they will get fed up and stop watching. I already find myself checking the videos I watch.
As far as silver, I've seen a couple snippets that say the bubble will burst the end of the month and the value will decrease by half. Will half to wait and see.
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Regarding the bubble bursting & value decreasing by 1/2, we just need to keep in mind that the paper/trader market is losing control of the price of Silver, and the "spot" price we see is fiction, it's the "price" the traders have set for selling invisible Silver that doesn't actually exist. For every ounce of Silver that traders are selling, they will sell that same oz of Silver to 50 - 100 customers. For decades, they've been controlling the spot price based on selling contracts for Silver that doesn't really exist. It's basically all been smoke & mirrors. The real price or value of anything is what someone is actually willing to pay. I don't believe the bubble will burst, or that Silver will lose 1/2 value. They would have to do some extremely complicated manipulations and be ready to throw millions & millions of $ into the pot to try to force the price of Silver down that much. There's been some dips that have happened a few times recently, but they were only temporary, lasting about a day or two, then Silver's price came roaring back. That's because the buyers of Silver, i.e., the buyer's market, is who determines the real street price., not some trader pulling numbers out of a hat.

That all said, we don't have to be financial experts, or traders, or work on Wall Street to see what's been going on. We can use our life experience, our own discernment and basically good old common sense. If there was a bubble burst and/or if the value of Silver did crash, the reason I know it would come bouncing back is based on 2 very simple things: common sense and the law of supply & demand. The demand for physical Silver from various industries, investors, collectors, and average buyers is outstripping the supply. When there's more people that want a product, than there are products available to be bought, the law of supply & demand and our common sense tell us that there's more buyers looking to buy, but not enough product available to sell to all the buyers who want to buy. When there's more buyers than product, the price goes up, not down. More and more people wanting to buy less and less product creates a bidding war, which inevitable push's prices higher and higher.
 
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