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Old 11th August 2016, 06:54 AM   #1001
Puppycow
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Looked up the latest quote. $20.13. Better than this time last year by around 5 bucks I guess but still only half the price it was when the thread was started.
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Old 20th March 2018, 01:16 AM   #1002
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Silver at $16 and change.....
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Old 20th March 2018, 03:27 AM   #1003
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Originally Posted by The Don View Post
Silver at $16 and change.....
Yep!

I still own some, and check prices monthly. It goes up; it goes down.

I dont see metals as an investment, per s. More like a hedge or insurance.

Back to the OP...

It's tough to make predictions, especially about the future.

― Yogi Berra
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Old 20th March 2018, 04:29 AM   #1004
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Old 25th March 2018, 08:37 AM   #1005
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I miss the OP. I'd like to know who is to blame for all this manipulation in shiny thing prices.
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Old 19th September 2018, 12:21 AM   #1006
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$14.24 is the latest.

https://www.bloomberg.com/quote/SI1:COM
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Old 19th September 2018, 04:06 AM   #1007
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Just the other day I heard yet another radio ad hawking the stratospheric rise in the price of silver that is right around the corner.

I chuckled.
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Old 23rd September 2018, 08:31 AM   #1008
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Originally Posted by Puppycow View Post
$14.24 is the latest.

Not exactly what was predicted April 8, 2011:

Originally Posted by michaelsuede View Post
I think it is entirely plausible that we could see silver around a thousand in fairly short order.
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Old 7th January 2020, 03:38 AM   #1009
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Originally Posted by Fast Eddie B View Post
Just the other day I heard yet another radio ad hawking the stratospheric rise in the price of silver that is right around the corner.

I chuckled.
Yes, manipulation of the silver and gold markets by (((TPTB))) must be extraordinary given that all of these well founded predictions from silver and gold bugs don't seem to come to pass.

Currently silver is less than half the price it was when this thread was started.
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Old 5th February 2020, 02:10 AM   #1010
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Originally Posted by The Don View Post
Yes, manipulation of the silver and gold markets by (((TPTB))) must be extraordinary given that all of these well founded predictions from silver and gold bugs don't seem to come to pass.

Currently silver is less than half the price it was when this thread was started.
It's called naked short selling, and it is extraordinary, on a massive scale. It works because metals "investors" often exchange funds for ETF shares, or depository receipts in lieu of actual metals. No actual metal changes hand, so demand never has to be met with actual supply, only a bookkeeping entry. The central banks also have unlimited fiat money to buy actual physical metals once they've suppressed the paper markets. On top of all this, they use the futures markets to further suppress the price when necessary, as well as other tactics like bid spoofing, and raising margin requirements as they see fit to prohibit taking out long positions.

Governments around the world have a vested interest in suppressing precious metals prices, to make their fiat currencies appear less bad, and to corral investors into paper assets like stocks and bonds, the supply of which they also control.

This price suppression scheme will probably continue for as long as the US military can continue to enforce the petrodollar, and force dollar acceptance worldwide.
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Old 5th February 2020, 06:59 AM   #1011
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I have owned small quantities of the actual metals and still do. Prices can do whatever for all the time I never need to sell.

If that crisis comes where I do need to sell it has both metal weight and jewelry value, so depending which is better I can stay afloat.
Paper metals value is fairly near a scam. They diluted the entire reason to have them.
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Old 5th February 2020, 07:24 AM   #1012
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Originally Posted by The Don View Post
Yes, manipulation of the silver and gold markets by (((TPTB))) must be extraordinary given that all of these well founded predictions from silver and gold bugs don't seem to come to pass.

Currently silver is less than half the price it was when this thread was started.

We obviously need a return to the good old days of people like Nelson Bunker Hunt.

EDIT: And I see he and his family were mentioned in this thread several years ago.

Last edited by Armitage72; 5th February 2020 at 07:26 AM.
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Old 5th February 2020, 07:57 AM   #1013
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Originally Posted by Tippit View Post
It's called naked short selling, and it is extraordinary, on a massive scale. It works because metals "investors" often exchange funds for ETF shares, or depository receipts in lieu of actual metals. No actual metal changes hand, so demand never has to be met with actual supply, only a bookkeeping entry. The central banks also have unlimited fiat money to buy actual physical metals once they've suppressed the paper markets. On top of all this, they use the futures markets to further suppress the price when necessary, as well as other tactics like bid spoofing, and raising margin requirements as they see fit to prohibit taking out long positions.

Governments around the world have a vested interest in suppressing precious metals prices, to make their fiat currencies appear less bad, and to corral investors into paper assets like stocks and bonds, the supply of which they also control.

This price suppression scheme will probably continue for as long as the US military can continue to enforce the petrodollar, and force dollar acceptance worldwide.
And that is something that michaelsuede never considered all those years ago when he first started this thread.
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Old 5th February 2020, 08:11 AM   #1014
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Originally Posted by 8enotto View Post
I have owned small quantities of the actual metals and still do. Prices can do whatever for all the time I never need to sell.
I know I've mentioned I own some physical gold and silver.

I pretty much just check the price monthly. It's there as a hedge against hyperinflation, so I don't really worry about it in-between.
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Old 13th February 2020, 11:46 PM   #1015
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Originally Posted by psionl0 View Post
And that is something that michaelsuede never considered all those years ago when he first started this thread.
It can ostensibly happen with bitcoin as well. There are bitcoin futures trading on the CME, and there is a bitcoin ETF (Grayscale Bitcoin Trust). Most of the manipulation tactics above apply. Bitcoin has somewhat of an advantage because you can settle a transaction on the blockchain within about an hour now. No reasonable investor should invest in a bitcoin ETF when they can just buy actual bitcoin, but then, no reasonable investor should keep their bitcoin in an exchange wallet either, but some do. Futures investors invest in bitcoin futures for leverage, but probably not to the extent that the tail wags the dog such as it does in gold and silver markets.
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Old 23rd March 2020, 04:40 PM   #1016
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$13.73 today.
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Old 23rd March 2020, 07:10 PM   #1017
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Originally Posted by Puppycow View Post
$13.73 today.
Seems odd to me. Usually in uncertain times precious metals are seen as a refuge. I had hoped my modest stash of gold and silver might gain enough to at least partially offset the huge stock and IRA losses Ive recently suffered. Wrong.
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Old 23rd March 2020, 08:23 PM   #1018
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Originally Posted by Fast Eddie B View Post
Seems odd to me. Usually in uncertain times precious metals are seen as a refuge. I had hoped my modest stash of gold and silver might gain enough to at least partially offset the huge stock and IRA losses Ive recently suffered. Wrong.
If you don't need cash right now, I would try to hang on to your stocks for at least another year or so. Now is not the time to sell. If you absolutely have to sell something, personally I would sell the precious metals first and hang onto the stocks.
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