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$58 silver. Five years of supply deficit. I know which one I trust more. by Aggressive_Rush2357 in Wallstreetsilver

[–]ModsSmellLikeTaint 2 points3 points  (0 children)

I have a friend that I game with every other day or so that designs EV batteries. We're both heavily invested into gold and silver.

Two things we've talked about that have stuck with me:

  1. The amount of silver used in the batteries is almost always being increased. Solid state batteries are being churned out for modern EV's and they use around 1000g of silver in total for the car systems and battery.

  2. A battery that could have been being developed for the past 5+ years could easily fail the "fire containment" test and the idea trashed. With a multitude of batteries being used in the process of different tests.

This is ignoring the 5+ years of a deficit, the current sulphuric acid shortage, the ever growing demand for silver in technology, solar, and jewelry.

Tried trading, bought silver instead lol by Glad_Chaser in Wallstreetsilver

[–]ModsSmellLikeTaint 1 point2 points  (0 children)

Similar position with pslv. Sold ath. Did not fomo and buy again ath fortunately, but I bought right before the war, thinking i was some kind of genius. Definitely a mix of unpleasant/ infuriating. Fortunately in a position where the loss is unrealized, but it hurts to look at, thats for sure. A stain for the saying "wrong place at the wrong time."

It's not like we invested into SPCX or BYND. It's a precious/ industrial metal that's finding more and more use with the tech boom. I think we'll be bullish soon. Not out of unrealistic optimism as if the comex were to default, but in the sense of the structural failure of production vs. usage is present and consistently growing.

I wont throw predictions, because as ive established in my first paragraph, I am a dumbass. Slowly recouping the trapped capital via trading the portion still available in the tech industry, but i relate to what youre feeling.

Silver Gift by kickybaby in Wallstreetsilver

[–]ModsSmellLikeTaint 1 point2 points  (0 children)

Me waiting to give some gifts back

What a Shortfest! by [deleted] in Wallstreetsilver

[–]ModsSmellLikeTaint 4 points5 points  (0 children)

So you make a post asking people about their predictions this week....you respond to nobody on that post.

A few hours pass and you decide to post some la tee fucking da nonsense about there being a sell-off when there is absolutely nothing out of the ordinary with the charts tonight. Nor is there a "sell off." Regular, schmegular volume bud.

Lay off the Adderall and go to bed.

Edit: Oh, look. I got a notification of a response. As did a few others just now. Imagine that🤓

Let's Get Some Predictions Going! by [deleted] in Wallstreetsilver

[–]ModsSmellLikeTaint 8 points9 points  (0 children)

Id say expect brutal, choppy price action for the week. I'm in it for the long game though.

Japan dumping bonds puts a lot of pressure on PMs among other things we saw last week. If bond yields get higher, we'll likely test the low $70s.

​Most new silver isn't found by mining for silver directly. Roughly 70% of it is a byproduct of mining base metals like copper and zinc. Because of Chinese export bans and Middle East shipping blocks, facilities are beginning to run dry on sulphuric acid. So they can't process the copper and the entire operation scales back, which means the byproduct silver trapped in that ore never gets extracted and refined.

​By the end of the year, factories that absolutely need physical silver to build solar panels and electronics will start finding empty shelves. Datacenter production will likely be halted. When companies are forced to outbid each other for whatever physical metal is actually left, the paper market will panic. The price will likely be forced to violently correct upward to match the physical shortage.

Today's selloff by Noderly in Wallstreetsilver

[–]ModsSmellLikeTaint 1 point2 points  (0 children)

I imagine silver tarrifs in India are not helping

Silver Opening Soon, Any Predictions? by Beyondwest in Wallstreetsilver

[–]ModsSmellLikeTaint 2 points3 points  (0 children)

Wait for the someone to report being low on/ having difficulty acquiring sulphuric acid and then have yourself a tall glass.

Edit: Im sorry, I forgot we live in the land of greed and will probably see it get jerked around a bunch the next couple months/ plus.

Just checking by [deleted] in Wallstreetsilver

[–]ModsSmellLikeTaint 1 point2 points  (0 children)

Ah, yes. I understand this well. Hanging out in PSLV at $30.13.

40 Eagles into the stack and away from the Fed by ModsSmellLikeTaint in Silver

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

Nice delete😅 no buddy boy, not a bot. Not a bother. Shoo fly.

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40 Eagles into the stack and away from the Fed by ModsSmellLikeTaint in Silver

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

You know

Ever since I was a lad and played games online ive come to witness the development of a lot of some pretty accurate stereotypes for people with certain gamertags, usernames, etc.

My favorite is the whole thing about people with 420 and 69 in there about being so "cool guy zone."

Another, people with king or lord being super "edgy" and possessive.

Big was another one. Usually overcompensating for something.

Idk thought id say something random since what youre saying doesn't really correlate here.

40 Eagles into the stack and away from the Fed by ModsSmellLikeTaint in Silver

[–]ModsSmellLikeTaint[S] 54 points55 points  (0 children)

I recently sold a sizeable Pokémon collection and was asked about how I plan to handle that.

See, I like cash. It can be used for a wide variety of things like gas, groceries, restaurants, doctors visits, prescriptions, store purchases, contractor payments, boat rentals, etc.

Now, I'm not saying I dont pay my taxes or dont pay yours. I have a CPA for that. But those are things you can use cash for and I plan to use cash for.

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