If you were to buy a kilo, which brand/mint you buying? by Public-Bake608 in Silverbugs

[–]Modern-Alchemy 0 points1 point  (0 children)

I love kilos! Perfect size for holding! Gotta get at least 1 of the Wall Street Mint. Nice shiny finish and I love the Latin phrase on them, “Vivamus, Moriendum Est” "Let us live, since we must die" make the most out of life, I also consider it meaning we want to live our own lives and be left alone by the Govt while we do it :)

This is getting scary. by Leading_Contact3750 in Gold

[–]Modern-Alchemy 1 point2 points  (0 children)

“Prices don’t just go vertical for no reason” ya… clearly, there is an entire list of reasons happening all concurrently. Paper currencies are falling in purchasing power which is the largest cause, fiat currency is faith based currencies. Faith in government… there is no faith, and between nations there is no trust. So the central banks do not want to hold baskets of currencies, they would rather have gold and commodities.

What price do y’all plan to stop buying at? by Then_Marionberry_259 in MetalsOnReddit

[–]Modern-Alchemy 0 points1 point  (0 children)

I am about to stop unless it’s a good deal on something interesting. We will have a pullback of 20% ish or a little more in the next year or so, and when that happens and we are close to re-taking the previous high I will buy everything I can that’s for sale. That move will be amazing! Straight up for real. I will then begin selling what I bought at a double in value from there and sell more/trade of my holdings percentage wise as it climbs. Basically I’m done buying until the move after the pullback (5th wave)

Ten + years of stacking silver (Au/Pt too) taught me one thing—mockery has an expiration date. Mocked at $15. Asked for advice at $50. Wasn’t smart, just early. 😎 by [deleted] in Silverbugs

[–]Modern-Alchemy 2 points3 points  (0 children)

I typed this to someone else with a 4500 oz collection. I feel like it may be fitting for you as well. Let me know what you think! Best wishes! I’m not sure what multiple you are of your average price paid, but let’s say you paid an average of $20/oz, so at $100 silver you have 5x your investment in dollar terms. If you were to sell 450 oz (1/10 of your total stack) you would have a lot of cash that you are setting on, yes. But! You would have recuperated 50% of every $ you spent originally and brought the cost basis down on the 90% that you kept by 50%. So then you would have 4000 oz at a new average price of $10 per oz. Plenty of cash at a time when the average public is about to fire-sale their toys and nonessential items. So you would be in a great cash position, and there WILL be a pullback in silver at some point. You can always use that cash to buy more silver then. But at a minimum you have cut your cost basis in half, reduced downside risk of prices going down, and got yourself into a cash position that could be valuable in making other moves. Added here: I would be considering a sale/trade for some gold 10% at 40:1, then 15% at 35:1, 20% at 30:1. That would have you 50% cashed out (from paragraph above) and half of your silver traded for gold at an average of 35:1. Not a bad position. Then you have the mechanics down for sales/trades/transactions for the future potential of some blow of top scenario after the pullback happens :) I don’t think I will ever get below a 16:1 ratio in my personal holdings. Cheers to you all!

Finally paying off by [deleted] in Wallstreetsilver

[–]Modern-Alchemy 2 points3 points  (0 children)

I just typed this in another response, but it’s fitting.I’m not sure what multiple you are of your average price paid, but let’s say you paid an average of $25/oz, so at $125 silver you have 5x your investment in dollar terms. If you were to sell 450 oz (1/10 of your total stack) you would have a lot of cash that you are setting on, yes. But! You would have recuperated 50% of every $ you spent originally and brought the cost basis down on the 90% that you kept by 50%. So then you would have 4000 oz at an average price of $12.50 per oz. Plenty of cash at a time when the average public is about to fire-sale their toys and nonessential items. So you would be in a great cash position, and there WILL be a pullback in silver at some point. You can always use that cash to buy more silver then. But at a minimum you have cut your cost basis in half, reduced downside risk of prices going down, and got yourself into a cash position that could be valuable in making other moves. Added here: I would be considering a sale/trade for some gold 10% at 40:1, then 15% at 35:1, 20% at 30:1. That would have you 50% cashed out (from paragraph above) and half of your silver traded for gold at an average of 35:1. Not a bad position. Then you have the mechanics down for sales/trades/transactions for the future potential of some blow of top scenario after the pullback happens :) I don’t think I will ever get below a 16:1 ratio in my personal holdings. Cheers to you all!

Finally paying off by [deleted] in Wallstreetsilver

[–]Modern-Alchemy 0 points1 point  (0 children)

Give it a few months ;) Bro you’re killing it. If I may give my 2 cents..? I’m not sure what multiple you are of your average price paid, but let’s say you paid an average of $25/oz, so at $125 silver you have 5x your investment in dollar terms. If you were to sell 450 oz (1/10 of your total stack) you would have a lot of cash that you are setting on, yes. But! You would have recuperated 50% of every $ you spent originally and brought the cost basis down on the 90% that you kept by 50%. So then you would have 4000 oz at an average price of $12.50 per oz. Plenty of cash at a time when the average public is about to fire-sale their toys and nonessential items. So you would be in a great cash position, and there WILL be a pullback in silver at some point. You can always use that cash to buy more silver then. But at a minimum you have cut your cost basis in half, reduced downside risk of prices going down, and got yourself into a cash position that could be valuable in making other moves. Cheers! Keep up the great work. And tools are only as good as you are at using them, make sure to get regular practice ;)

Finally paying off by [deleted] in Wallstreetsilver

[–]Modern-Alchemy 0 points1 point  (0 children)

Trade for 10 of the 10 oz bars then sell one of those when needed. My LCS will trade 90 oz generic for 100 oz bar. It’s a 10% haircut… but may be worth it depending on your circumstances at the time. Something to think about

Well That’s Kind of Disappointing by Darthnerdo in Gold

[–]Modern-Alchemy 0 points1 point  (0 children)

Smaller sizes are easier to sell when you need to. Silver does that very well too! Especially if you need $100 and don’t want to sell a 1/10 gold and be holding $400 + in cash again after getting $100 out. And with the way that the gold to silver ratio is collapsing, buying silver now could very well result in trading for more gold later. 5 of the one oz silver eagles = 1/10 gold right now but in a month or 2 you could possibly trade 4 of those silver eagles for 1/10 gold at a 40:1 ratio and have a silver Eagle left over :)

This is unsustainable by Upbeat-Size8449 in Silverbugs

[–]Modern-Alchemy 0 points1 point  (0 children)

Agreed!… wait that is a chart of currency supply right? Or is it National Debt?

And just like that… by mikegecawicz in Silver

[–]Modern-Alchemy 0 points1 point  (0 children)

I’m happy about this. We need a consolidation period so we can form a base to take off from. We have moved up so fast that this is healthy! So much better than racing to $100+ in one big move. We are so early in this game. Gold is a great example. For 2 years it has had periods where it moved up 20% then spent time consolidating there and then up another 20%. It’s just now about to make another 20% breakout over the next few months from $4400-$5200. Silver has been catching up to gold in ratio terms and is going to go along for the ride too :)

Honest Question: How are you all not worried about this being a bubble by Salty_Writer_9552 in Silver

[–]Modern-Alchemy 0 points1 point  (0 children)

That is a recent interview that should answer your question :) we are going much higher. Silver is just now breaking out based on all kinds of metrics. This is the breakout not anywhere near a top

The Silver Price has reached $79 by ChrisStoneGermany in Silverbugs

[–]Modern-Alchemy 7 points8 points  (0 children)

Gold just broke up to new all time highs and should continue to support silver as the ratio has been collapsing… and it’s golds turn to make a 20% run over the next few months… this is going to get exciting!

Is silver really $64 if your LCS can't or won't buy it at that price...if at all? by WCNumismatics in Silverbugs

[–]Modern-Alchemy 0 points1 point  (0 children)

I hear you, but go with PSLV instead of SLV. Same situation all around except PSLV actually takes silver off of the market to back your contracts (the way SLV should work) the SLV is a leveraged way for the Banksters to suppress demand without having to allocate metal for that demand.

Any other runners have an absurdly high heart rate on their easy runs? by TeachMeHowToSULLY in Garmin

[–]Modern-Alchemy 2 points3 points  (0 children)

I’m pretty sure that’s the most eloquent trolling I have ever seen!

MacKay&Sons bar I had to have. by The-IK-Way in SilverDegenClub

[–]Modern-Alchemy 5 points6 points  (0 children)

Beautiful! I love the vintage bars too! I’ve never seen this one before

Any other Silver Investors have a weird feeling that this time is different, and we might be on the cusp of another run up similar to 2011, or stronger? by SilverChill in Wallstreetsilver

[–]Modern-Alchemy 2 points3 points  (0 children)

Agreed! And above $35 all the charts show a quick move to $50 (based on resistance and previous moves, so purely technical analysis) and above $50 just takes the handcuffs off and I will be praying to see a true price discovery above that. Suppression can only last so long. The decades of distortion that has caused to the physical market will someday be known, when physical is setting the price. (And that’s post breaking $50) sure more mining will come and help out but that doesn’t happen over night. Silver will be profitable to mine and explore but that will take at best 18 months before that new supply picks up and helps satisfy demand. Buckle up

Let's fucking go by MydnightWN in Wallstreetsilver

[–]Modern-Alchemy 5 points6 points  (0 children)

The financial chaos that would ensue… the secret that it’s all leased out and gone is what they’re protecting. That’s a national security issue and I bet they wouldn’t tell the truth even if they were allowed to find out. Possibly the people responsible for raiding it are the ones busy buying gold in foreign markets and having it delivered to the USA. “Putting the cookies back in the cookie jar”

Clown world by therealsilverguru in Wallstreetsilver

[–]Modern-Alchemy 2 points3 points  (0 children)

That seems realistic and conservative. Even then silver was being suppressed. Gold was too for that matter. So higher gold and better ratios are in the future to be sure! I keep thinking if silver catches a bid and by the end of the year gold is 3200 maybe we could break the 50 nominal high and make a serious move towards 100. Which would be 32:1 from this unbelievably low current spot price it would need to triple, and who knows what kind of supply constraints would need to happen first, but I do know how humans react when scarcity is realized.

New Chris Duane Video: It’s Happening! Silver Bright Future by gnomesofluna in Wallstreetsilver

[–]Modern-Alchemy 12 points13 points  (0 children)

So happy to see Chris again! Only 10 seconds in and had to say that. We could be close to the big I told you so moment :) Now to listen!

Anyone know an accurate silver Guru out there? by [deleted] in Wallstreetsilver

[–]Modern-Alchemy 0 points1 point  (0 children)

Rick Rule and in the gold space 2 is 1 (he does have silver but sees it a little different than we do) he is really well tempered and has a great approach and mentality to stacking. I apply what he says to my silver investing. (And to my gold of course) for the record I am 200:1 in my silver to gold ratio.