The #silver market traded 645 million paper ounces yesterday to manipulate the price down. Comex had 3 deliveries. That’s 15,000 ounces. Does this make sense to you? The US debt clock states paper to physical is 400 to 1. I suspect it could be higher. Get your physical now. pic.twitter.com/6LoIOA94vs
— The Dude (@Thedudesetx00) July 26, 2024
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I’m working poor. I’m not buying silver with any extra stored labor I have. I’m keeping my chickens fed and healthy. I’m also buying the 3 “B’s”, bullets, beans, bandages.
If you have plenty of disposable labor then by all means get shiny metal. It just makes no sense in my portfolio.
Even Gods Servant Abraham had silver stored up in time of great famine. I know you are right in one way, but if you cannot afford it, I would purchase some as a hedge.
Lead is also a precious metal!
Silver is at 27.840 right now on COMEX.
Silver as of 1pm.
$28.05
Online cheapest:
Eagles: $33.45
Bison(Buffalo): $28.90
They control silver to keep it under $30
I’m patiently waiting for higher price and then I’m selling 30% and getting more gold.
The Precious metals market is rigged and has been for decades. It is well worth watching because when they do lose control things will cascade very quickly into hyperinflation..
I’ve got some silver and did have some gold until I did a stupid investment so now I’m focusing on lead.
I never realized until I read recently about Frank the cripple commie “forcing” Americans to turn in all gold or face fines or imprisonment. I may be wrong but what I hadn’t known we weren’t “aloud” to have or buy it for 40+ years? It boggles the mind…
CIII
Stockpile “junk” silver coins – pre 1963 in small denominations (dimes and quarters) to buy and sell with when things go to hell. It will be easier to buy something with 10 cents silver than try to trade .00x ounces of gold.
Gold bars, jewelry (24k), and silver bars and rounds for long term store of value for the other side of the economic crisis.