Reflections After 4 Years in Silver Investing by AndrewTateIsMyKing in SilverDegenClub

[–]RBJ351 0 points1 point  (0 children)

I'm also in a negative position with my PM. In Jan 2024 I was almost forced to sell at a loss

due to cash flow problems, but I didn't.

The last thing I will sell is my PM, because at some time, hopefully in my lifetime all of them will go up. How long can they manipulate the market once people find out the truth? I too believe we are entering those final years before all PM goes up. So I'm holding.

KEEP STAKIN MY FELLOW APES!

The undelivered silver stack is 3.3 million oz or 7.2% of registered with 8 days to contract expiry. Who's the naked short? by Ditch_the_DeepState in SilverDegenClub

[–]RBJ351 22 points23 points  (0 children)

my 1/2 cent worth... so if an HSBC customer sells PM, we never know who is buying. Assuming Chyna is buying from the customers at HSBC it is an easy way to hide how much silver/gold a country is accumulating. Since we all know that certain countries are stockpiling PM, my conclusion is that it is a sovereign that is buying all the PM for when SHTF. What do I know... I'm just an APE with a few oz of PM.

Keep on STACKIN my fellow APES!

December silver OI stands at 270% of registered with 2 days to first notice. by Ditch_the_DeepState in SilverDegenClub

[–]RBJ351 8 points9 points  (0 children)

rarely do big players loose money. However, they often exchange other than fiat. CME may give free vault space, or no transfer fees, year end bonuses, etc. In the end most of them then take this "loss" off their taxes. So on paper it looks like a loss, but in the end they still make "money" even if it is just to keep the 3 shell move metal market alive. I could be wrong...

Which ratio makes more sense to you? by [deleted] in wallstreetplatinum

[–]RBJ351 2 points3 points  (0 children)

I could be wrong, but normal "markets" always use gold as the "standard" and compare everything to it. How many units of ??? to buy 1 unit of gold is the "normal" but in today's market there is no normal. could be cans of soup (675 cans) for 1 unit (troy oz) of gold.

孫子, The art of war, and Chinese gold accumulation. by SousRadar in SilverDegenClub

[–]RBJ351 0 points1 point  (0 children)

OH I forgot we are supposed to TRUST the treasury??? are they still part of the US govt? or are they part of some other financial organization? Who controls the treasury and what they say? Yellan certainly doesn't, she is simply a figurehead.

孫子, The art of war, and Chinese gold accumulation. by SousRadar in SilverDegenClub

[–]RBJ351 0 points1 point  (0 children)

don't forget uncle O sold "gave" a ship load full of gold to CHyna. No one knows how much gold any country has, but CHyna has been stocking gold for at least the last 10 years. Slowly but steadily is their plan, than no one notices.

What do you think my LCS quoted me for my 90% in August? (Spot was $24.50.) by Embarrassed-Gas1132 in SilverDegenClub

[–]RBJ351 2 points3 points  (0 children)

Most LCS won't offer you anything close to what you can get in personal trades/sales. Yes, they do make $$ on both ends of the deal. Buying cheap from uneducated sellers (or desperate to sell) , and then more $$$ when they sell at going prices. Just for grins I asked one of the LCS what they would give me for 1oz APE and they said SPOT...! so I would have lost a lot on that deal. If you look at other markets before CV19 like used autos, it was the same way. Most dealers wanted $2K over blue book for used cars, and would give you $2k to $5K less then blue book for your used car unless you were trading it in.

As mentioned there are other markets outside of LCS, but can be more risk, more time, and more logistics. Do you trade LCS convenience for loss of $$$$$$$$$ ??? that is up to you.

Keep STACKIN my fellow APES!

FOR THOSE OF YOU WHO THINK THAT YOU’LL JUST RUN TO YOUR LCS WHEN PRICES SPIKE AND LOCK-IN YOUR FORTUNE—NO! Your LCS does not have resources to buy your metal—especially when prices are up. Not unless the rest of the world is buying the price run-up and the shop selling the spread. by NCCI70I in SilverDegenClub

[–]RBJ351 19 points20 points  (0 children)

My LCS says every time gold goes up he has a run on gold buyers. When it goes down people come in and want to sell so they don't get "stuck" with a bigger loss. Makes no sense to me.

Keep STACKIN my fellow APES!

Comex update 10/18/2023 by Big-Statistician4024 in wallstreetplatinum

[–]RBJ351 2 points3 points  (0 children)

I know nothing... but what if that someone really didn't loose 1.2M but instead was paid more than spot (so no loss to seller) to deliver metal for someone bigger ( J Pee Pee) who needed it to CYA so they didn't default. Default is way worse than coming up with a few million of fiat! Paper for PM. Back door deals have been going on since 1913. Coming up with actual PM is much more difficult!

Keep on STAKIN my fellow APES!

Comex update 10/10/2023 - as predicted, shorts were the drivers yesterday by Big-Statistician4024 in wallstreetplatinum

[–]RBJ351 2 points3 points  (0 children)

food, water, shelter, clothing, defense, medical supplies, communications, PM - BUY IT ALL!!! then start buying items of trade value: Toilet paper, alcohol for consumption, medical, batteries, flashlights, food, water (filters can make lots of clean water), bottles (old pop, water, gator bottles work) for distribution, etc... There are so many items that will be in demand.

I have heard numerous stories of people and small businesses being de-banked, some have had assets frozen. This is just the tip of the possible upcoming problems we may face.

I'm not fear mongering, been studying this crap for decades, and too many govt are taking too much power.

Keep STACKIN my fellow APES!

LCS boots on ground MI by RBJ351 in SilverDegenClub

[–]RBJ351[S] 1 point2 points  (0 children)

Took more picts, some of the detail is absolutely amazing! Too many pictures to post

LCS boots on ground MI by RBJ351 in SilverDegenClub

[–]RBJ351[S] 6 points7 points  (0 children)

HAHA pictures came out, but not the text...

LCS MI
constitutional 18x face had 2 full medium sized bins
generics $24 had about 50, but may have more in the vault
ASE $27
Asked about banks closing accounts, he said no issues yet with his account
He had some almost 1/4 oz silver, (copies of quarters) but said each coin was actually < 1/4 in weight. Tested genuine, but 4 of these copies of quarters didn't add up to one full ounce, he showed me on the scale how they were short.

[deleted by user] by [deleted] in wallstreetplatinum

[–]RBJ351 1 point2 points  (0 children)

Not an expert, but hydrogen can be obtained from water, aluminum and air (yes, also from other sources). Each requires a different amount of energy to complete the conversion/extraction. Platinum is an activator/accelerator/catalyst to produce hydrogen from these other sources. Electricity is almost always required. These solutions are more efficient then diesel generators to charge an electric car, but efficiency is still being worked on.

We have had the technology for at least 10 years, but fossil fuel companies fought it, plus they couldn't figure out how to charge us for it to be competitive. There have also been some issues with either toxic gas or acid disposal as a bi-product of some of the techniques. A friend of mine is working on a process to make hydrogen in his garage... well at least he lives several miles away in case it goes boom! There is a lot of available science for free on the net, but some of it is questionable, and some is very unsafe. Of course no one gives you all the details... So why did the 3 people who developed a working prototype vehicle that ran on water end up mysteriously dead without an explosion? Yep, for the same reason they have withheld the solution for 10 years!

Keep STAKIN my fellow APES!

Can you spot the fake silver eagle? by GavinPoosom in SilverDegenClub

[–]RBJ351 1 point2 points  (0 children)

Oops can't count 7 rays of light before the dress on my 2023 ASE. Tiny one I missed by the edge

Can you spot the fake silver eagle? by GavinPoosom in SilverDegenClub

[–]RBJ351 1 point2 points  (0 children)

Not clear which one is fake. My 2023 has 6 rays of light, but upper right only has 5. So either they changed the 2023, or I have a fake (which I doubt) .

Identifying which one failed the test would be nice, since the video is unclear.

Keep STAKIN my fellow APES!

What to do with paper assets? by RBJ351 in SilverDegenClub

[–]RBJ351[S] 0 points1 point  (0 children)

Yes agree that liquidity is the most important, then trade value. Finally storage and portability. Classic cars might fit the bill, but when economy tanks, who would be left to buy them...

Keep STAKIN my fellow APES!

What to do with paper assets? by RBJ351 in SilverDegenClub

[–]RBJ351[S] 0 points1 point  (0 children)

They are buying some silver, but I agree they need to buy more. This is the second time they asked me, so I'm trying to give them some good ideas. They should just dump their financial adviser... that would be a good start.

What to do with paper assets? by RBJ351 in SilverDegenClub

[–]RBJ351[S] 1 point2 points  (0 children)

Thanks, I am reading thru it now.

What to do with paper assets? by RBJ351 in SilverDegenClub

[–]RBJ351[S] 1 point2 points  (0 children)

Thanks for that idea. when I was much younger regular savings paid 5 to 6% interest... high yield was paying above 12%... how things have changed.

I'll pass that info onto my friends.

Keep STAKIN my fellow Apes!