State collapse is inevitable when a society’s leaders are insulated from the negative consequences of their bad decisions.
Mike Shelby
Some see a silver “trap”.
I see my silver stacks and feel good about them.
Almost all mining produces a mix of ores with one or two predominating. But others can exist in small amounts. Silver is often found mixed in with these ores. And it is separated out and enters the market. So the availability of silver is not going to end. It does fluctuate however. Mines in both Nevada and Mexico are still producing…with the Mexican mines being controlled in some ways by the drug cartels. But “new” silver will continue to enter the market to some level or other. The question is what the demand will be for it.
The fact remains that the amount of silver mined in a year does not meet the demand needed for AI data centers, solar farms and EV batteries. Manipulation of the price of silver to coverup the debt and collapse of the petrodollar cannot go on much longer.
It’s really taken a massive hit, considering at the end of January 29th this year, it was almost $122.00 an ounce. It then dropped to around $78.00 an ounce the next day….
In the long term it’s not the value of the silver.
It’s the loss of value of the Fiat used to “measure Silvers value”.
You cannot have a computer “print” Physical Silver.
PAPER Trading Silver is what most of the “Silver” price movement is.
Try buying physical silver when the paper price is “low”.
The Premiums jump to cover what the real-world price is.
Still precious metals are but a way to preserve your earnings from Fiat depreciation.
Folks need to have a serious pantry full of shelf stable foods they enjoy eating. Food prices are not going down over the 30-day cycle according to my receipts.
You are correct.
Maybe not for most , and certainly not for me at current spot. But in the mid 2000’s when premiums and sentiment began to run up, I opened futures acct with MF Global , and a sub account with Cunningham (Florida?) that allowed delivery. Sold puts to enter 7 Comex silver contracts and 5 gold contracts. Played the covered call strategy for several years bringing the basis down to around 7 to 8 dollars per ounce by the time I stood for delivery on all 7 silver and had them shipped overseas, got lucky too, was pleased as punch to end up with mostly heavy 1000 – 1090 oz 9999 fine Penoles bars, 5 from a refinery I dont recall, maybe Asahi or some such, and only 5 mangy 999 Johnson Matthey.
Funny story , a few years later in Hong Kong, I needed some cash with upcoming birth costs in Singapore so I listed two of the Johnson Matthey on one of the local message boards. Gent calls the next day , lol , in walks a United Airlines pilot with two suitcases and a wad of hkg cash. Said he’d been collecting for years and stashing them in Asia.
Anyhow , if silver ever was down nearing sub30’s, I would consider opening a futures acct with someone that facilitated delivery…and set trades to catch very brief spikes down. This gets you silver , at a paper price.
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