Silver price just topped $75!

[AndrewMT34]

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

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

also a good time to work for a large silver/gold mining company!

I'd love to hear more about your operation

 

[Smokey Bear]

It just keeps going!

 

[grfox92]

I made good money on futures contract on Silver this morning.

Sent from my SM-S931U using Tapatalk

 

[IdahoElk]

It just keeps going!

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Comex follows the Shanghai silver market, it's $93.83 now

 

[WiscoHoundsman]

Anyone considering trading silver for gold with the ratio nearing 50:1? The ratio has dropped significantly lately.

 

[RockAndSage]

Rough guess, is we have about 4-6 months of this bull run, with several dips during that, before a major selloff occurs as the global economy crashes. We're at the absolute peak of an everything bubble and it simply will not last. Too many structural changes, with China on the brink of economic collapse.

What's fascinating to me about this silver run, is that it's breaking out of the structural boundaries and control mechanisms CME/COMEX have had controlling the price for decades - on top of what looks like China trying to hoard massive amounts away, even as their economy is collapsing. China and some other central banks. It's extremely interesting to try to figure out what's going on. It's a lot more than just industrial silver demand.

 

[ReaptheHeat]

Rough guess, is we have about 4-6 months of this bull run, with several dips during that, before a major selloff occurs as the global economy crashes. We're at the absolute peak of an everything bubble and it simply will not last. Too many structural changes, with China on the brink of economic collapse.

What's fascinating to me about this silver run, is that it's breaking out of the structural boundaries and control mechanisms CME/COMEX have had controlling the price for decades - on top of what looks like China trying to hoard massive amounts away, even as their economy is collapsing. China and some other central banks. It's extremely interesting to try to figure out what's going on. It's a lot more than just industrial silver demand.

This is gonna be an interesting powder keg. Not to fear monger, but I'm bracing for the worst this year. Lots of political madness coupled with economic uncertainty.

 

[RockAndSage]

This is gonna be an interesting powder keg. Not to fear monger, but I'm bracing for the worst this year. Lots of political madness coupled with economic uncertainty.

Same. Q1 and Q2 should be solid, but by the time Q3 rolls around I think some things should be breaking.

 

[RockAndSage]

Same. Q1 and Q2 should be solid, but by the time Q3 rolls around I think some things should be breaking.

Translate: Assets start going on sale at steep discounts in Q3 - if your cash isn't locked up.

 

[Sled]

Translate: Assets start going on sale at steep discounts in Q3 - if your cash isn't locked up.

I plan to roll some liabilities and weaker assets into land or real estate when that happens.

 

[5MilesBack]

I originally bought SLV at $11.20/share in 2020. I was a seller of some today. Was hoping it would get to $85 today. It didn't, but it got close enough to unload some as far as I'm concerned. I'd rather be selling on the way up, than on the way down.

 

[ColoradoV]

also a good time to work for a large silver/gold mining company!

I'd love to hear more about your operation

Well like most things I look at it differently that just investing in silver and was a inside joke about how I go about it...

I own silver claims of 11.5 ac a piece both in historic silver producing areas. With that said the silver ( as well as platinum and gold) is just a perk. They are both patented and that means I can divide them into 20 parcels and sell them off how I so choose or keep them together. With the new administration and guidance at the usfs I can do basically what ever I want in terms of making roads and improvements on and to the claims. Even across public land so already planning on the days to get the equipment up there this summer (maybe earlier as there is no snow this winter) - to make a "private" road and will gate it with a lock.. The dreaded Boreal toad and habitat is now finally taking a back seat to development! One the road is short like 400 yards the other will be improvements/building over a couple of miles w pry 2 culverts as I have to cross streams..

Went in, found the ore, and got the assay done in 4 spots each for both one is 28 oz ag ton of the other just over 30 oz ag ton. One has some gold, platinum, titanium in it but that is hard to separate.. It matches to the assay done in the late 1800's. The ore is there..

I have several others I have identified, went in found the ore, and have the assay (s) in hand.. Important that I have a relationship with the owners that I call every year to see if they want to sell. I bet I end up w a couple more that's the joke I was making.

Right now I like to ski out of one as it is 7 miles back on snow machines in the winter. It has a stream, spring, and pond.. We hope to get a couple off grid cabins on that one this summer and next. Then repeat the process. One has pretty good deer but not much above 170" so never hunted them but the do come down to the pond to drink every day..



Doubt I will "mine" either in my lifetime - as my father, grandfather, and uncles did that = sounds more romantic than it is.. We sell sandwiches and rent air bnb's to tourists.. Again patented is better than ownership as I can subdivide into 20 lots (that we will do) with no pud... Then sell them all off singularly or keep them together. That will pry be a decision for my daughters tho as again I just like the high country and gettin up there so it will be nice to pass them on to them when I am gone.

Who knows what we will do if/when ag hits $120+ a oz tho but that's a good problem to have!!

 

[ReaptheHeat]

Well like most things I look at it differently that just investing in silver and was a inside joke about how I go about it...

I own silver claims of 11.5 ac a piece both in historic silver producing areas. With that said the silver ( as well as platinum and gold) is just a perk. They are both patented and that means I can divide them into 20 parcels and sell them off how I so choose or keep them together. With the new administration and guidance at the usfs I can do basically what ever I want in terms of making roads and improvements on and to the claims. Even across public land so already planning on the days to get the equipment up there this summer (maybe earlier as there is no snow this winter) - to make a "private" road and will gate it with a lock.. The dreaded Boreal toad and habitat is now finally taking a back seat to development! One the road is short like 400 yards the other will be improvements/building over a couple of miles w pry 2 culverts as I have to cross streams..

Went in, found the ore, and got the assay done in 4 spots each for both one is 28 oz ag ton of the other just over 30 oz ag ton. One has some gold, platinum, titanium in it but that is hard to separate.. It matches to the assay done in the late 1800's. The ore is there..

I have several others I have identified, went in found the ore, and have the assay (s) in hand.. Important that I have a relationship with the owners that I call every year to see if they want to sell. I bet I end up w a couple more that's the joke I was making.

Right now I like to ski out of one as it is 7 miles back on snow machines in the winter. It has a stream, spring, and pond.. We hope to get a couple off grid cabins on that one this summer and next. Then repeat the process. One has pretty good deer but not much above 170" so never hunted them but the do come down to the pond to drink every day..

View attachment 1004107View attachment 1004108

Doubt I will "mine" either in my lifetime - as my father, grandfather, and uncles did that = sounds more romantic than it is.. We sell sandwiches and rent air bnb's to tourists.. Again patented is better than ownership as I can subdivide into 20 lots (that we will do) with no pud... Then sell them all off singularly or keep them together. That will pry be a decision for my daughters tho as again I just like the high country and gettin up there so it will be nice to pass them on to them when I am gone.

Who knows what we will do if/when ag hits $120+ a oz tho but that's a good problem to have!!

The words "Boreal Toad" trigger me more than it should.

 

[AndrewMT34]

Well like most things I look at it differently that just investing in silver and was a inside joke about how I go about it...

I own silver claims of 11.5 ac a piece both in historic silver producing areas. With that said the silver ( as well as platinum and gold) is just a perk. They are both patented and that means I can divide them into 20 parcels and sell them off how I so choose or keep them together. With the new administration and guidance at the usfs I can do basically what ever I want in terms of making roads and improvements on and to the claims. Even across public land so already planning on the days to get the equipment up there this summer (maybe earlier as there is no snow this winter) - to make a "private" road and will gate it with a lock.. The dreaded Boreal toad and habitat is now finally taking a back seat to development! One the road is short like 400 yards the other will be improvements/building over a couple of miles w pry 2 culverts as I have to cross streams..

Went in, found the ore, and got the assay done in 4 spots each for both one is 28 oz ag ton of the other just over 30 oz ag ton. One has some gold, platinum, titanium in it but that is hard to separate.. It matches to the assay done in the late 1800's. The ore is there..

I have several others I have identified, went in found the ore, and have the assay (s) in hand.. Important that I have a relationship with the owners that I call every year to see if they want to sell. I bet I end up w a couple more that's the joke I was making.

Right now I like to ski out of one as it is 7 miles back on snow machines in the winter. It has a stream, spring, and pond.. We hope to get a couple off grid cabins on that one this summer and next. Then repeat the process. One has pretty good deer but not much above 170" so never hunted them but the do come down to the pond to drink every day..

View attachment 1004107View attachment 1004108

Doubt I will "mine" either in my lifetime - as my father, grandfather, and uncles did that = sounds more romantic than it is.. We sell sandwiches and rent air bnb's to tourists.. Again patented is better than ownership as I can subdivide into 20 lots (that we will do) with no pud... Then sell them all off singularly or keep them together. That will pry be a decision for my daughters tho as again I just like the high country and gettin up there so it will be nice to pass them on to them when I am gone.

Who knows what we will do if/when ag hits $120+ a oz tho but that's a good problem to have!!

30 oz/ton in I'm assuming surface samples is no joke. Congrats and looks like beautiful area to spend time.