Silver price just topped $75!

[IdahoElk]

Well, it was supposed to be 150K by Jan 1 according a lot of people - even more to some others... dunno. I dont remember 87K on anyones bingo card for bitcoin 2025

When silver goes ballistic Bitcoin is going to crash.

 

[ODB]

When silver goes ballistic Bitcoin is going to crash.

I'm just syaing bitcoin was supposed to be a big winner, but life had other plans.

 

[KsRancher]

When silver goes ballistic Bitcoin is going to crash.

Well in the last 6 months BTC had went down 19% while silver up 120%. So I would say that it has already happened

 

[tradman]

Just make sure to buy your land in a state that doesn't tax the s*** out of you. These days you never truly own land. You're just renting it from the government.

Its just like "owning a home." Really never own it because of property taxes.

 

[Smokey Bear]

Crazy evening last night. Jumped to $84 then down to $71 early. Leveling off right now at $74.50.

 

[Beendare]

That farm post was intended to pose the question;

"Why are you buying it?" Scarcity is a good reason.....

what's the current commission for a Silver/Gold sale? It used to be high when I checked a decade ago.

Silver is increasingly used in manufacturing for key components. In fact, China just announced they are limiting their exports of silver- which will increase scarcity and the price should continue to rise.

A couple things I would watch if I owned it;
1) Now the traders and manipulators have glommed on to Silver which will make it a wild ride for sure. Will history repeat itself with a scenario like the Hunt family back in 1980?

2) I've seen reports that there is more paper silver than actual bullion. The ETF's look to be selling at a premium- worth checking before you buy. HUZ.TO is currently selling at 31.70 with the NAV (net asset value) at 25.85...which is a 22.5% premium to actual Silver.

 

[2531usmc]

I'm just syaing bitcoin was supposed to be a big winner, but life had other plans.

Silver and gold are a store of value, bitcoin is a trading vehicle for the hedge funds.

 

[Kdkempe]

Started buying in 2020. Keep the run going. Get it back to a 15:1 ratio with gold like it was in 1980

 

[grfox92]

I made some good money day trading Silver futures on Friday .

Sent from my SM-S931U using Tapatalk

 

[Marbles]

Silver and gold are a store of value, bitcoin is a trading vehicle for the hedge funds.

Silver and gold are a bet on what other people will value them at.

Paper is a bet on the government that issued it.

Most other things depend on how you are using them. At present most stocks are a bet on what others will value them at given the current detachment from fundamentals.

Buying property and hoping to sell higher is a bet on the value others will assign. Buying property and then using it to make money, well that generates value and is the best store of value. Everything else can be looked at the same, does it make money, or do you have to sell it to get money out of it?

I grew up being preached to about silver and gold being a store of value, I've exited that religion.

Bitcoin, that is a bet on both the value traders assigned to it, and a bet that the vast criminal underworld that uses it continues to do so. Pro crypto is pro drug flow into the US and pro human trafficking, and pro many, many other bad things. Don't believe the lies from those who prophet from it.

 

[MountainTracker]

Silver and gold are a bet on what other people will value them at.

Paper is a bet on the government that issued it.

Most other things depend on how you are using them. At present most stocks are a bet on what others will value them at given the current detachment from fundamentals.

Buying property and hoping to sell higher is a bet on the value others will assign. Buying property and then using it to make money, well that generates value and is the best store of value. Everything else can be looked at the same, does it make money, or do you have to sell it to get money out of it?

I grew up being preached to about silver and gold being a store of value, I've exited that religion.

Bitcoin, that is a bet on both the value traders assigned to it, and a bet that the vast criminal underworld that uses it continues to do so. Pro crypto is pro drug flow into the US and pro human trafficking, and pro many, many other bad things. Don't believe the lies from those who prophet from it.

Yeah if I was part of a vast criminal underworld I’d for sure choose a financial vehicle that is literally a digital ledger of all btc transactions ever, since the beginning. Just ask some of those who have used btc to transfer funds and how that turned out for them. I mean what did the criminal elements use before btc was created 17 years ago (to the day btw). Are there cryptos that allow for masked movement of funds, yes, but the usd has been used much longer to fund criminal elements, and continues to do so. It’s not like the coyotes smuggling people say hey pull-up your crypto wallet and send me btc. The vast majority of those people are what are referred to as bankless. They only do transactions in cash.

Drug dealers do business in cash, street deals are done in cash, why bc it’s not trackable, and a large majority of users are bankless.

One could say the same thing about usd, one who uses it or supports usd supports drug smuggling, human trafficking, world wars. Probably need to work on a different argument.

I agree with you that something only holds a value based off of what someone else is willing to pay for it. I mean seas shells held value at one time, to those trading it, it held a value, but times changed and the perception of value changed.


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[RockAndSage]

Commodities gonna commodity. Crypto, metals, crops...same same, and they don't create value - but they can make you very rich, or very poor, in trading them. The value is realized through arbitrage, and that's it.

Owning parts of value-producing assets...that makes you money by creating value, no matter how good or stupid the price paid to own those shares.

BTW, I own silver for fun, and for some minor degree of value-storage. But I also believe that if our economy ever gets so bad that everyone needs to use their silver, then at that point things are so bad that there would be other far more valuable items of intrinsic value that would be in far higher demand.

 

[Marbles]

Yeah if I was part of a vast criminal underworld I’d for sure choose a financial vehicle that is literally a digital ledger of all btc transactions ever, since the beginning. Just ask some of those who have used btc to transfer funds and how that turned out for them. I mean what did the criminal elements use before btc was created 17 years ago (to the day btw). Are there cryptos that allow for masked movement of funds, yes, but the usd has been used much longer to fund criminal elements, and continues to do so. It’s not like the coyotes smuggling people say hey pull-up your crypto wallet and send me btc. The vast majority of those people are what are referred to as bankless. They only do transactions in cash.

Drug dealers do business in cash, street deals are done in cash, why bc it’s not trackable, and a large majority of users are bankless.

One could say the same thing about usd, one who uses it or supports usd supports drug smuggling, human trafficking, world wars. Probably need to work on a different argument.

I agree with you that something only holds a value based off of what someone else is willing to pay for it. I mean seas shells held value at one time, to those trading it, it held a value, but times changed and the perception of value changed.


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It is much harder to move 40 million in cash from the US to Columbia than it is to move 40 million in crypto. There is a reason most Tethered (a stable coin) is bought and sold in eastern Europe.

But, sure, in the world of pawns crypto is a minor player.

In the world where cocaine money is used to build sky scrapers (a real thing), crypto has made moving and laundering money significantly easier.

 

[Smokey Bear]

Silver and gold are a bet on what other people will value them at.

The amount of silver being used today is only going to get stronger. Most of the silver recovered today is just a byproduct of mining other minerals. The price will swing, but it won’t go below $50 again.

Silver When Supply Cant Keep Up & the Chart Keeps Confirming It

John Newell of John Newell & Associates shares his view on the silver market.

www.streetwisereports.com

 

[Smokey Bear]

Commodities gonna commodity. Crypto, metals, crops...same same, and they don't create value - but they can make you very rich, or very poor, in trading them. The value is realized through arbitrage, and that's it.

Owning parts of value-producing assets...that makes you money by creating value, no matter how good or stupid the price paid to own those shares.

BTW, I own silver for fun, and for some minor degree of value-storage. But I also believe that if our economy ever gets so bad that everyone needs to use their silver, then at that point things are so bad that there would be other far more valuable items of intrinsic value that would be in far higher demand.

Like water, food, fuel and ammunition………

 

[betelgeuse]

In a crisis, brass and lead are the metals to own

 

[ColoradoV]

Sure is a good time to own a silver mine ..

Glad I got one. Might look at another…..

 

[getcervid]

Silver When Supply Cant Keep Up & the Chart Keeps Confirming It

John Newell of John Newell & Associates shares his view on the silver market.

www.streetwisereports.com

Quoted from the article:

“Important Disclosures:

1. Silver North Resources Ltd. is a billboard sponsor of Streetwise Reports and pays SWR a monthly sponsorship fee between US$4,000 and US$5,000.”

That makes me a little uneasy about their ability to honestly report/forecast on silver.