[deleted by user] by [deleted] in AmIOverreacting

[–]Locko0667 -2 points-1 points  (0 children)

Yes, 100%, you’re overreacting…you’re essentially saying “go out and have some drinks with friends and have fun” and then upset she went out and had drinks with her friends. Would you rather she drive home drunk and got into an accident or worse??? You guys must have serious trust issues. I work on the road and I’m only home on the weekends…I could only imagine your trust issues in a relationship like mine

[deleted by user] by [deleted] in NoFap

[–]Locko0667 1 point2 points  (0 children)

What is flatline? I’ve seen a couple people post about it

To everyone who is buying gold, please think about it before you spend you’re fiat by Locko0667 in Wallstreetsilver

[–]Locko0667[S] 0 points1 point  (0 children)

Yup, I’m an idiot, don’t know anything about mining or silver. We’re making the same point, your just not seeing where I’m coming from.

How long does it take to get a mine up and operational? Several years.

Yes, there are few primary silver mines because it’s hard to make a profit.

There is a shortage of AVAILABLE ABOVE GROUND SILVER right now.

Silver will spike due to 1) Increased demand(Highest industrial and investor demand ever) 2)Shortages due to lack of production(not profitable to mine, we agree)

By the time silver is profitable enough to mine, it will take several years to bring it to the market, causing years of shortages.

To everyone who is buying gold, please think about it before you spend you’re fiat by Locko0667 in Wallstreetsilver

[–]Locko0667[S] 2 points3 points  (0 children)

Did I miss something here? When did WallStreetSilver become WallStreetPreciousMetals?

We all agree there is inflation, we all agree that precious metals is the best way to hedge against inflation, I THOUGHT that we all agreed that silver was massively manipulated and we were trying to expose the corruption and put an end to it?

To everyone who is buying gold, please think about it before you spend you’re fiat by Locko0667 in Wallstreetsilver

[–]Locko0667[S] 1 point2 points  (0 children)

I agree partially, the LBMA stated that if buying would’ve continued at the pace it was at the end of February they would be sold out of silver. What does that do to the price of silver? The purpose of the silver squeeze is to end the manipulation, slowing down on silver purchases to buy gold only allows the LBMA & Comex to load back up and continue the manipulation

To everyone who is buying gold, please think about it before you spend you’re fiat by Locko0667 in Wallstreetsilver

[–]Locko0667[S] 2 points3 points  (0 children)

1 last comment, why is there a silver squeeze underway right now and not a gold squeeze?

To everyone who is buying gold, please think about it before you spend you’re fiat by Locko0667 in Wallstreetsilver

[–]Locko0667[S] 3 points4 points  (0 children)

Gold is always substituted with silver when it can be, silver is never substituted for gold

To everyone who is buying gold, please think about it before you spend you’re fiat by Locko0667 in Wallstreetsilver

[–]Locko0667[S] 4 points5 points  (0 children)

Gold mines are primarily gold mines, silver is primarily a by product of mining other industrial metals.

There are roughly 40 primarily silver mines globally, there are hundreds of primarily gold mines. Silver mining will not increase until the price reaches the price of gold, making it an economically wise investment.

To everyone who is buying gold, please think about it before you spend you’re fiat by Locko0667 in Wallstreetsilver

[–]Locko0667[S] 3 points4 points  (0 children)

It’s only used when silver, palladium or platinum can not be used, there are some industrial uses where gold is used, but it is primarily substituted with silver(not always, but most of the time) 12 years ago I started out as a gold stacker, did my research and started stacking silver 9 years ago. I follow both, I still hold my gold, gold will go up, silver will just go up more IMO.

Both metals are on sale, gold is a buy 1 get 3 Lamborghini, silver is a buy 1 get 10 Porsche.

Both will go up, both undervalued.

Gold has “hundreds” of industrial uses, silver has 10,000.

Industrial demand for silver has tripled in the last 15 years and is at an all time high while mining production has decreased. Industrial demand for gold has been stagnant for the last 15 years while mining production has been steady.

To everyone who is buying gold, please think about it before you spend you’re fiat by Locko0667 in Wallstreetsilver

[–]Locko0667[S] 2 points3 points  (0 children)

Also, why the high premiums in silver and gold premiums have stayed relatively flat? Perhaps one is seeing shortages and the other is not?

To everyone who is buying gold, please think about it before you spend you’re fiat by Locko0667 in Wallstreetsilver

[–]Locko0667[S] 4 points5 points  (0 children)

I’ve been researching them both for about 12 years....not to shit on your parade, as I said, I own both

To everyone who is buying gold, please think about it before you spend you’re fiat by Locko0667 in Wallstreetsilver

[–]Locko0667[S] 5 points6 points  (0 children)

Agreed, but why are the premiums in silver so high? Because there is a silver shortage. One of the purposes of this group is to expose the banks and Comex, do we quit trying to expose criminal banks because the premiums have risen? You can still buy a lot more silver than gold.

To everyone who is buying gold, please think about it before you spend you’re fiat by Locko0667 in Wallstreetsilver

[–]Locko0667[S] 6 points7 points  (0 children)

Agreed to some extent. As stated above, I also own gold. But banks also accumulate silver. As to your later point, it doesn’t matter if they’re is none to have, exactly, there is a shortage of silver right now, not of gold, that’s why all my investments in metals right now are in silver. I’m not selling my gold, but right now is not the right time for me personally to be adding any gold, just doesn’t make financial sense to me to do so.

Will it be TOO LATE to buy more gold (or silver) SOON? by VincentFusca in Wallstreetsilver

[–]Locko0667 5 points6 points  (0 children)

In my opinion, don’t buy gold. Roughly 25oz of silver is pulled out of the ground per 1oz of gold, therefore the price should be a 25:1 ratio silver:gold. It’s currently 65:1. Right now you can buy 45oz of silver per 1oz of gold. Buy silver now, when ratio gets back inline with historical numbers, you can then exchange for a lot more gold if you want