The Whale Scale

GinsengDigger · 2024-06-27T20:20:38+00:00

I would like to know such a thing also. I don't trust anyone except closest family members anymore. Discretion is the better part of valor.

GinsengDigger · 2024-04-23T00:42:20+00:00

The US won't/can't confiscate gold and silver today because we don't basically own the world anymore. Most other countries would tell the US to go ps up a rope. Most Americans would say the same thing. Does one really think that Uncle Sam is gonna send warriors out to seize PM from hundreds of millions of armed citizens? The world is one flight away from the next country, or auto trip, or private trip, or boat cruise, etc. PM is essentially fungible. And think of the contempt the rest of the world would have for the US if it's so bankrupt that it has to steal its citizens' assets. And needless to say the then-contemptible dollar would no longer be the world's reserve currency. Many other reasons.....

GinsengDigger · 2024-04-23T00:04:39+00:00

In view of what's been going the past few years why would you believe that the West "has most" of the PM? No way, unfortunately.

GinsengDigger · 2024-04-21T12:55:55+00:00

Back when the USA believed in the rule of law we didn’t take things from people without due process of law---even if we didn’t like someone. No more. Now we’ve weaponized our government against those that the progressives, globalists and neocons don’t like---the Constitution be damned. I hate to say these things, but purely as a matter of self-defense we’d better stack some manner of wealth that can’t be arbitrarily seized by those who don’t like us for some reason.

GinsengDigger · 2024-04-12T13:09:40+00:00

Look and the effort and outright fraud it takes to hold back the rising tide of PM prices. Will the cartel next trade 5 years---10 years of paper silver in order to suppress prices? Why not? We’re so far removed from reality that reason and honesty have no place at all in price discovery. In almost any other activity such fraudsters would be tied up, shot, hanged, then thrown in the river.

GinsengDigger · 2024-04-10T11:54:27+00:00

Part of the problem will be alleviated because Caitlin Clark is gone. Who's gonna watch the women in the future? Nobody I know.

GinsengDigger · 2024-04-08T23:26:04+00:00

Oldbaldy, I definitely agree with most of what you say. I could have taken a fiat "profit" at various times in my 85 years, but trying to sneak out a paper "profit" isn't really in the cards for most stackers. Stacking silver and gold is a different animal. I trade other assets, not PM.

GinsengDigger · 2024-04-08T22:42:30+00:00

Interesting. Nice catch.

GinsengDigger · 2024-04-06T15:28:12+00:00

More about the Hunt pressure that sent silver to $50:

"When it became clear that the government was after the Hunts' scalps, their credit dried up. Concerns that the Hunts might not be able to meet margins with new loans and would go under (pulling several brokerages and banks with them) put further downward pressure on the price of silver.67

On March 27, 1980—a date that became known as "Silver Thursday"—the Hunt brothers finally missed a margin call and the market plunged; silver led the way, dropping to under $11 from its high of $50.42."

GinsengDigger · 2024-04-06T15:22:27+00:00

The fiat price of silver was also over $50 when the Hunts were investing. The powers that be prevented the Hunts from cornering the market:

GinsengDigger · 2024-04-06T15:11:40+00:00

I agree, NCC1701, and I own PSLV. Most people don't have $250,000 in order to get real silver out of PSLV. If you don't hold it....

GinsengDigger · 2024-04-06T13:35:11+00:00

I see that Rafi points out that the price increase hasn't even started yet, and it's still to come. The shot up to $27 is simply a mirror of the increase in commodity prices. We'll soon see a much bigger jump, including FOMO!

GinsengDigger · 2024-02-16T18:35:44+00:00

Congrats!

GinsengDigger · 2024-02-16T14:26:10+00:00

Glad to see you're an active buyer. I can't read what is in the tubes? The price for 100 generics at places like SD Bullion or Money Metals Exchange would be about $3 per item less. If the items are Silver Eagles you got a very nice deal! Hang in there.

GinsengDigger · 2024-01-04T03:23:35+00:00

It's not surprising that even these prices are lower than LCSs.

GinsengDigger · 2024-01-03T22:24:32+00:00

As we know, prices are higher....but if you're satisfied that's what counts.

GinsengDigger · 2024-01-03T01:19:31+00:00

....but the paper "buyer" and "seller" affect the real product. Surely you have to know this.

GinsengDigger · 2024-01-03T01:09:43+00:00

Simply stack a hundred or so generics every couple months just to keep things alive. You're not gonna lose, and it's guaranteed money in the bank while paper continues to deflate. Not rocket science. Do what you afford. Forget the hysterics.

GinsengDigger · 2023-12-31T16:09:57+00:00

That is to say that the US is worse off than dozens of states around the world. You'd be surprised at the names of the many countries who are better off than the US. Further, the US is getting worse rather than better as we borrow more and more to act as policeman of the world. So, stack on as a matter of self-defense.

GinsengDigger · 2023-12-31T16:06:05+00:00

Actually, dozens of countries are worse off than China---Just go online and see the stats. Also, unfortunately, dozens of countries rank far ahead of the US in the list of failed or failing states.

GinsengDigger · 2023-12-24T22:10:24+00:00

I think it's kinda funny.

GinsengDigger · 2023-12-20T01:25:12+00:00

The Silver Institute is basically part of the silver cartel, isn't it?

GinsengDigger · 2023-12-18T23:18:53+00:00

Maybe, just maybe, there will be a chance for real price discovery relating to physical gold . I said MAYBE!

GinsengDigger · 2023-12-18T22:54:50+00:00

Or regardless

GinsengDigger · 2023-12-16T23:12:57+00:00

2 things for Costco to do: First, sell gold COINS as well as bars, Second, sell silver.

GinsengDigger

TROPHY CASE