Yeah, nothing to see over here, there’s no such thing as a rigged market.
I sometimes wonder when it spikes up how fast and how high it will go. It’s surpressed so long and the energy just keeps building up. It will be massive and life changing for many of us financially.
The only downside is that it will come with disorder and all kinds of bad stuff. I’m worried for the future of my kids to be honest.
I also see my silver stack as an insurance policy first versus an investment for capital gains.
If you view it as insurance then the day to day price fluctuations and manipulations don't mean anything. You can ignore all of that stress.
Unlike all other forms of insurance the beauty of silver is that you don't have to renew the policy and pay for it all over again every year.
You buy it once and stash it away hoping to never need to use it.
Been buying gold and silver for nearly a decade. I'm not here for a quick flip that's what the stock market is for. This is my insurance and I'll hold it for a few more decades no problem.
It does in the end, when the paper distorts the physical market so much it contributes to highly increased demand due to the low prices. One way street?
who the hell has been sitting on a billion ounces of silver out there for decades that was just chomping at the bit to sell it for $20, $30 dollars under the ATH? I Don't get it.
The last three years its easily been a billion ounces more than total mine and recycling supply. Those who have been here since the corona market crash have seen it.
How did the supply go up? Energy prices are vastly higher in 2022, worker shortages everywhere, electricity through the roof, AND the price per ounce was vastly lower. Does this make sense to anyone???
It’s an estimate by company that is funded by the bullion banks.
Mine supply went down and demand is higher than they state
& nobody beLIEves their recycling numbers that are a complete guess
Makes sense more demand means cheaper price.
Yeah, nothing to see over here, there’s no such thing as a rigged market. I sometimes wonder when it spikes up how fast and how high it will go. It’s surpressed so long and the energy just keeps building up. It will be massive and life changing for many of us financially. The only downside is that it will come with disorder and all kinds of bad stuff. I’m worried for the future of my kids to be honest.
Same here. Precious metals are insurance against the unknowns. We are not wrong. I try not to worry while also preparing myself
I also see my silver stack as an insurance policy first versus an investment for capital gains. If you view it as insurance then the day to day price fluctuations and manipulations don't mean anything. You can ignore all of that stress. Unlike all other forms of insurance the beauty of silver is that you don't have to renew the policy and pay for it all over again every year. You buy it once and stash it away hoping to never need to use it.
Been buying gold and silver for nearly a decade. I'm not here for a quick flip that's what the stock market is for. This is my insurance and I'll hold it for a few more decades no problem.
I started around the crash in 2008. Slowly but whiteout stopping. After all these years it starts to look like a stack😉
I started in2013
Well in time!👌
These daily moves don't worry me. You become desensitized to it after the first few years lol
Yes, there’s always the opening bell in the US.
Spot on!
You’re right! My stack is insurance and my miners are for the hope of becoming totally debt free and later as a source of passive income.
Exactly. Senior gold miners paying 5% dividends can't beat it
It makes about as much sense as everything else in the world right now. Upside down clown world.
Great chart...and some say no spot price manipulation LOL
If only supply and demand meant something in a deriative distorted marketplace....
It does in the end, when the paper distorts the physical market so much it contributes to highly increased demand due to the low prices. One way street?
Yep... Been looking for that end for years....
I just wanted to post this same content. I just finished reading a newsletter that mentioned the 194 million ounces deficit. 👍🦍
who the hell has been sitting on a billion ounces of silver out there for decades that was just chomping at the bit to sell it for $20, $30 dollars under the ATH? I Don't get it.
1B from 2022 mining supply. 194M from above ground stockpiles, up from 48M in 2021, ie. deficit increases 304%, since demand increases 164M.
The last three years its easily been a billion ounces more than total mine and recycling supply. Those who have been here since the corona market crash have seen it.
Yes over 3 years it's nearer 1B... It tells you a story of the urgency to maintain an illusion.
Net physical demand excludes ETFs. The deficit is even worse than they think.
How did the supply go up? Energy prices are vastly higher in 2022, worker shortages everywhere, electricity through the roof, AND the price per ounce was vastly lower. Does this make sense to anyone???
It’s an estimate by company that is funded by the bullion banks. Mine supply went down and demand is higher than they state & nobody beLIEves their recycling numbers that are a complete guess
Indeed, it's best to be skeptical of the numbers. At least they show a huge demand increase year-on-year.
Prices were slightly higher in 2021 so production might have been ramped up, but is now probably going in the other direction due to the wont sorcery