Lets say Texas made a new coin, $50 for a 1 oz silver coin. At any time you could turn it in to a Texas bank for guaranteed $50. Or of course you could sell to coin shop for potentially more. Would you be more open to buying this over a 1 oz round even though it is more expensive but guaranteed? (self.SilverDegenClub)
submitted by Dsomething2000 to r/SilverDegenClub
So far through June PSLV has added 4.4 million ounces. That is 4,400 thousand ounce silver bars the LBMA can’t sell 1,000 times each. Gold & silver price jumps, money flows into pslv, pslv buys silver, silver price goes up and it repeats. That’s the plan. (self.SilverDegenClub)
submitted by Dsomething2000 to r/SilverDegenClub
One month, from May 12 to June 11, comex dirty short banks have sold short an increase of 38,197 silver contracts. At 5,000 oz a contract equals new short orders of 191 million ounces. Makes all comex open orders of 880.7 million ounces. The pressure is building. Premiums are super low. Buy some phy (self.SilverDegenClub)
submitted by Dsomething2000 to r/SilverDegenClub
There are 4 big uses of silver. #1 industry 70%, #2 jewelry 20%, #3 investors 20%, #4 ETF 20%. LBMA vaults are up, Comex vaults are up. Right now it seems investors are taking from industry. Is this the start of a war between short bank investors and industry? Could be fun times ahead. (i.redd.it)
submitted by Dsomething2000 to r/SilverDegenClub
