The recent silver market

[Carolinian]

Putting your claims in bigger type doesn't change the reality.

That is his style on any issue. He also likes to provide material from a source that has a bias but will not reveal who the source is - an "undocumented" post. His other habit is posting the same thing over and over and over again.

 

[Carolinian]

Isn't gold a fiat metal since it isn't backed by anything that has intrinsic value?

The Bank of International Settlements classes gold as a First Tier Asset Class, and it is the only first tier asset with no counterparty risks. That is what makes it so appealing to the world's central banks.

 

[ScoopKona]

Well, when the original staked position is "the sun revolves around the Earth," posting the same rebuttal over and over is the only option.

 

[TolmiePeak]

The Bank of International Settlements classes gold as a First Tier Asset Class, and it is the only first tier asset with no counterparty risks. That is what makes it so appealing to the world's central banks.

Who runs that bank? The elites? Some evil cabal? I'm surprised that you of all posters here would take the word from some evil syndicate that is trying to destroy America.

 

[TolmiePeak]

Well, when the original staked position is "the sun revolves around the Earth," posting the same rebuttal over and over is the only option.

Well you realize that the flat earth society is a still a thing.

 

[TolmiePeak]

Once again, more utter nonsense. Let me discuss them one at at a time.

Storage costs. Have you priced a safe deposit box?

Have you seen Oceans 11? No bank safe deposit box is safe.

 

[Ralph Sir Edward]

Who runs that bank? The elites? Some evil cabal? I'm surprised that you of all posters here would take the word from some evil syndicate that is trying to destroy America.

The Bank of International Settlements was set up by the Bretton Woods agreement of 1944, to act as a clearinghouse for Central Banks between themselves.

 

[Ralph Sir Edward]

Have you seen Oceans 11? No bank safe deposit box is safe.

Which one? I'm going to re-watch the original one tomorrow. (It's a "time capsule" of the "Rat Pack" Vegas era.) I've never bothered to watch to remake.

Nothing is safe in this world. . .

 

[TolmiePeak]

The Bank of International Settlements was set up by the Bretton Woods agreement of 1944, to act as a clearinghouse for Central Banks between themselves.

Those Bretton Woods crooks are the definition of the swamp.

 

[TolmiePeak]

Which one? I'm going to re-watch the original one tomorrow. (It's a "time capsule" of the "Rat Pack" Vegas era.) I've never bothered to watch to remake.

Nothing is safe in this world. . .

The Clooney one. Exactly nothing is safe. Keeping your gold bars in a bank or credit union safety deposit box is very risky. Why are you risking hundreds of millions of dollars keeping your gold bars in there. Even Bond got into Fort Knox.

 

[jabberwocky]

All this talk of Austrian economics reminded me of this throwback video.

 

[jabberwocky]

So many blind spots. So many posts supposedly about "investing".

DJIA is not broad. It is 30 stocks. The even worse thing about it is that it uses a dumbass weighting system. Quick. w/o looking it up, tell us the top 5 stocks in the DJIA.

TV entertainers use the DJIA. Anybody with any brains and any intent on investing well does not use DJIA. There may be somebody who comes up with a stragne strategy and realizes "Hey, strangely enough, DJIA fits this pretty well." That is it for DJIA. TV entertainers and strange outliers and centenarians and gold bugs.

I recently read about a guy who had been lost in the Amazon for 65 years. The first thing he asked after they got him to the hospital was
"May I send a telegram to my family?"
The second thing he asked after they got him to the hospital was
"How's the Dow-Jones doing?" Nobody knew WTH he was talking about,

I’m having flashbacks to grad school with all this talk about selecting periods to measure performance as well as which index to use. All indexes have their flaws, but once you get to about 30-40 stocks adding more doesn’t add much benefit in terms of diversification (as long as you very market caps and geography). The problem with the DJIA is it’s a group of large cap stocks which are price weighted - so by definition not diversified.

The S&P isn’t as broad one would think and suffers from being market weighted. The Mag-7 account for about 1/3 of the index and the top 10 stocks in the index are usually around 40% or so.

That said, for the average investor they are better off owning an index fund than trying to chase markets. The people who tend to make real money in markets are those who make the market. So if silver or precious metals are your thing, then you’ll probably do okay if that’s what you focus on. For the average person who wants to enjoy their life, just ignore the noise and invest in a way that helps you sleep well at night.

 

[easyrider]

Not sure it's a stampede but maybe a "violent 10% crash"






View attachment 119993

https://www.longtermtrends.com/stocks-vs-gold-comparison/

That's what happens when contracts are called. It hasn't really slowed momentum for for physical silver globally. Spot in Dubia was about $95 per ounce. About $85 in Shanghai. It rebounded here too but will likely go through some fluctuations as matters settle.

Bill

 

[Brett]

I’m having flashbacks to grad school with all this talk about selecting periods to measure performance as well as which index to use. All indexes have their flaws, but once you get to about 30-40 stocks adding more doesn’t add much benefit in terms of diversification (as long as you very market caps and geography). The problem with the DJIA is it’s a group of large cap stocks which are price weighted - so by definition not diversified.

The S&P isn’t as broad one would think and suffers from being market weighted. The Mag-7 account for about 1/3 of the index and the top 10 stocks in the index are usually around 40% or so.

That said, for the average investor they are better off owning an index fund than trying to chase markets. The people who tend to make real money in markets are those who make the market. So if silver or precious metals are your thing, then you’ll probably do okay if that’s what you focus on. For the average person who wants to enjoy their life, just ignore the noise and invest in a way that helps you sleep well at night.

yes, and as one gets older it helps to have a diversified investment portfolio

.

.

 

[Carolinian]

Why is it that Brett reminds me of the movie "Groundhog Day"?????????????

 

[Carolinian]

That's what happens when contracts are called. It hasn't really slowed momentum for for physical silver globally. Spot in Dubia was about $95 per ounce. About $85 in Shanghai. It rebounded here too but will likely go through some fluctuations as matters settle.

Bill

This is the second time recently that the insiders have suddenly raised margin requirements on paper silver or gold contracts, which then gives the market a flash crash. This is a new technique is using the paper bullion markets to manipulate price.

 

[Brett]

Where are the silver billionaires ???????????

.

 

[Ralph Sir Edward]

The Clooney one. Exactly nothing is safe. Keeping your gold bars in a bank or credit union safety deposit box is very risky. Why are you risking hundreds of millions of dollars keeping your gold bars in there. Even Bond got into Fort Knox.

Even stocks. Even Bonds. Even Real Estate. Even. . . gasp. . . money. (Did you know that any physical money found in a safe deposit box over $5,000 will be treated by the IRS as undeclared income?)

 

[emeryjre]

This is the second time recently that the insiders have suddenly raised margin requirements on paper silver or gold contracts, which then gives the market a flash crash. This is a new technique is using the paper bullion markets to manipulate price.

Margin requirement changes occur regularly in the stock and commodity futures market
Margin changes are used in these markets to dampen volatility
It ensures speculators have sufficient capital to meet obligations

 

[TolmiePeak]

Why is it that Brett reminds me of the movie "Groundhog Day"?????????????

We are trying to drive the post count to the moon.

 

[TolmiePeak]

yes, and as one gets older it helps to have a diversified investment portfolio

.

View attachment 120049



.

Where does bitcoin fit in?

 

[PigsDad]

Silver continuing its slide today, down over 5%. Is the spike over, or is this just a temporary retreat?

Wouldn't mind selling off our bar of silver, but it was given to my wife by her parents many years ago and, unfortunately, it now has sentimental value to her. Basically, it is one heck of a paperweight at this time.

Kurt

 

[emeryjre]

The only silver I own is a roll of 1964 Kennedy Half Dollars
The Nieces and Nephews get to divide up the roll at some point

 

[TolmiePeak]

Silver price collapsing. Time to move into put options.

 

[Carolinian]

Margin requirement changes occur regularly in the stock and commodity futures market
Margin changes are used in these markets to dampen volatility
It ensures speculators have sufficient capital to meet obligations

They have occurred rarely on the Comex with gold and silver contracts, but have recently happened twice to try to dampen price, which they did, at least temporarily. The paper market with the Comex impacts the physical market price in the western world, but these days not in Asia.

Apparently a lot of people who buy physical precious metals see this as a buying opportunity as all of the bullion companies I deal with have put up notices that because of record demand there are long wait times if ordering by phone and likely an extra two days on shipping. I also am seeing more items showing sold out.