The recent silver market

[Brett]

I just made a big purchase of Polonium.

Congratz

I'm trying to score some Berkelium . (depending on the isotope)

.

https://alansfactoryoutlet.com/infographics/the-cheapest-and-most-expensive-elements-per-kg/

 

[PigsDad]

You never see the figures because you dont have collecables is my guess. Collectables are taxed at the regular income tax rate when held less than a year. The long term capital gains tax is at least 28% which for many people doesnt mean anything because they are never going to sell it anyway. When someone inherits the collectable the cost basis goes to zero which eliminates the capital gains tax.

I dont have enough to worry about. Its just fun to have, imo. Same thing for our art. The main metal in my metal collection is brass and lead.

I agree that most people who "invest" in precious metals are really "collecting" them. They do not treat their gold or silver holdings as investments, and as you said, never plan to sell. I know in my case, my wife will never sell the bar of silver she was given by her parents. So that brings up the validity of even comparing the returns between these collectibles and real investments -- those comparison charts mean nothing because they are comparing apples to oranges.

But my point still remains that accounting for the huge difference in capital gains taxes between precious metals and equities will greatly alter those comparison charts and graphs.

Kurt

 

[easyrider]

I agree that most people who "invest" in precious metals are really "collecting" them. They do not treat their gold or silver holdings as investments, and as you said, never plan to sell. I know in my case, my wife will never sell the bar of silver she was given by her parents. So that brings up the validity of even comparing the returns between these collectibles and real investments -- those comparison charts mean nothing because they are comparing apples to oranges.

But my point still remains that accounting for the huge difference in capital gains taxes between precious metals and equities will greatly alter those comparison charts and graphs.

Kurt

The Capitial gains cost basis is changed because of the step up basis rule regarding inheritance so to beat the system you are required to die and leave it to an heir, lol. This is why it's called generational wealth.

Most people will just sell the metals for cash and not report the sale. You can sell up to 999 ounces of silver with no mandatory 1099b reporting. With gold i think it's about 32 ounces that triggers the 1099b.

Bill

 

[WaikikiFirst]

I'm trying to score some Berkelium . (depending on the isotope)

That's some HoF mtl, that is. Who at Berkeley discovered it? Lawrence, Seaborg, one of those other guys in the film Oppenheimer? Thre is a "Lawrencium". Here is a book I bought when I was a teen. 1 yr ago, I reread it on both trips of our R/T SFO-HNL. Chock-full of history of both chemistry and physics. for all I know, some of the actual physics it states has been "disproven" since the early '70s, but still worth the read

 

[easyrider]

Congratz

I'm trying to score some Berkelium . (depending on the isotope)

.

View attachment 120371

https://alansfactoryoutlet.com/infographics/the-cheapest-and-most-expensive-elements-per-kg/

You might as well go for dilithium crystals. I think your chances are about the same of acquiring either.

Bill

 

[TolmiePeak]

You might as well go for dilithium crystals. I think your chances are about the same of acquiring either.

Bill

Maybe we should start a fake dilithium mining corporation. I heard there are large deposits in the hills above Red Willow Vineyard southwest of Yakima.

 

[ScoopKona]

Maybe we should start a fake dilithium mining corporation. I heard there are large deposits in the hills above Red Willow Vineyard southwest of Yakima.

First we need the anti-matter, though.

That's where the bulk of my fortune is invested. All that spend and not even a gram of the stuff to show for it. Of course, a thimbleful could blow up the planet.

 

[n42]

I dont get how the physical siver price is $130 usd in Japan and $74 usd in the USA.

Bill

The data you are consuming is misrepresenting the situation. I'm seeing $78 USD to sell physical silver in Japan: https://gold.tanaka.co.jp/commodity/souba/english/index.php

 

[Carolinian]

The data you are consuming is misrepresenting the situation. I'm seeing $78 USD to sell physical silver in Japan: https://gold.tanaka.co.jp/commodity/souba/english/index.php

What happens when there is stress in the market is that the small dealers can go crazy with high prices, and in the recent situation even in the US it went both ways. The big companies, wherever they are, not so much.

The real price gap has been between the Shanghai market, a physical market, and the US paper markets, but not anywhere as wide as some of the number reported from small dealers. Still since these are large established markets on both sides, even less significant price gaps do matter.

There may be a dip coming up that will be a buying opportunity. Commodity portfolio rebalancing is coming up shortly when those holding a basket of commodities are required by their protocols to do a periodic rebalancing. This is for funds that are tied to the Bloomburg Commodities Index, and I have seen estimates that amounts of over $100 Billion in changing silver positions. Because of price gains of both gold and silver, the formulas call for reducing the number of ounces in portfolios. This will involve a considerable amount of selling to rebalance and happen over a short period of time. It is a good time to watch the market. I posted a video on this earlier. Gold will also rebalance at the same time.

 

[easyrider]

The data you are consuming is misrepresenting the situation. I'm seeing $78 USD to sell physical silver in Japan: https://gold.tanaka.co.jp/commodity/souba/english/index.php

Here is what I read.

Bill

The Silver Market Broke — This is a Bigger Deal Than It May Seem!

Physical silver hit $130 in Japan and UAE. COMEX spot sat at $72. An 80% premium. The biggest decoupling in precious metals history—and a major bank is now begging the Fed for emergency cash.

paretoinvestor.substack.com

 

[n42]

Here is what I read.

Bill

The Silver Market Broke — This is a Bigger Deal Than It May Seem!

Physical silver hit $130 in Japan and UAE. COMEX spot sat at $72. An 80% premium. The biggest decoupling in precious metals history—and a major bank is now begging the Fed for emergency cash.

paretoinvestor.substack.com

Yeah, I read that commentary on substack is a major source of this misinformation (along with precious-metals newsletters).

 

[TolmiePeak]

First we need the anti-matter, though.

That's where the bulk of my fortune is invested. All that spend and not even a gram of the stuff to show for it. Of course, a thimbleful could blow up the planet.

Would some posts on this site be classified as anti-matter?

 

[Brett]

Would some posts on this site be classified as anti-matter?

Maybe - but some posts are "reverse anti-matter" with normal polarity

.

 

[easyrider]

Would some posts on this site be classified as anti-matter?

More like doesn't matter.

Bill

 

[easyrider]

Yeah, I read that commentary on substack is a major source of this misinformation (along with precious-metals newsletters).

It's being discussed in many places.

Bill

https://twitter.com/x/status/2006486402532626796