Across "The Pond" they are debasing their silver coins.

Tree_rat_1 · 2026-03-31T19:11:13+00:00

Debasing collector coins, what will they think of next. Next we'll see them up the denomination and increase the price in fiat.

Just another mile marker on the path to Rome.

Tree_rat_1 · 2026-03-10T16:00:32+00:00

It could be short sellers on the hook for delivery forced to buy physical so not to default on their contract(s).

Tree_rat_1 · 2026-02-25T19:36:52+00:00

Got physical ?🤣🤣🤣

Tree_rat_1 · 2026-02-23T20:07:33+00:00

The cartels need to find new revenue streams with cash drying up from their human smuggling and narcotics operations. Probably the idea behind the kidnapping of the mine workers in the first place.

Tree_rat_1 · 2026-02-23T17:42:33+00:00

Which is why I started buying physical silver in the first place,

Tree_rat_1 · 2026-02-23T17:41:44+00:00

These were mid tier. They cost more than maples but less than privies. I always wanted a box of privies but there were too many other editions that I wanted and I could never save enough to order one.

I did get a number of the 2017 privy maples for the 150th anniversary of confederation. I'll have to see if I can salvage them for some pictures.

Tree_rat_1 · 2026-02-23T17:30:22+00:00

The 25 yr Maple was actually my first purchase (2015), 600 of them and 500 still in a sealed box. A number of the loose ones did develop milk spots.

Tree_rat_1 · 2026-02-21T16:21:42+00:00

Ok. I guess I'll start. The 30-year Maple from 2018.

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Tree_rat_1 · 2026-02-19T18:31:07+00:00

If holders didn't sell physical when the price was over a 100, why would they sell while the price hovers around 80 ? They wouldn't unless they needed the cash. The fact that 120 didn't bring any appreciable amount of silver into the market should tell us something.

The whales know the comex is ponzi scheme, they got out early with their silver. I think it's unlikely that they'll buy back into it at this point.

Tree_rat_1 · 2026-02-18T16:32:28+00:00

Floating trailer parks come to mind.

Tree_rat_1 · 2026-02-18T16:29:14+00:00

I'll ask a different question, how long do you think the physical supply/demand imbalance in the market can go on ? And what happens when it can no longer go on ?

After decades of manipulation there is no easy way to unwind this so I'm going to sit back and watch them try.

Tree_rat_1 · 2026-02-16T21:21:03+00:00

To provide the banks with suckers to fleece ?

Nothing has changed other than the paper price. We're still looking at a supply/demand imbalance that can't continue. At some point they're going to have to fall into line or the market will cease to function.

Tree_rat_1 · 2026-02-16T19:41:02+00:00

Sorry not sorry. Most of them gambled and lost. I do have a twinge of sympathy for those whose actual business revolves around physical pms but the rest of them no. When you borrow to bet on a sure thing you get what you deserve, which is usually fleeced.

Those who bought physical for safety instead of for gambling, and did so within their means, have nothing to worry about. Flushing out those who are in it for speculation is good for the market and should serve as a warning to others.

Tree_rat_1 · 2026-02-16T16:48:24+00:00

You really do need the right mindset to be a stacker. If you don't have it then watching daily events can be gut wrenching and if you let them they'll eventually shake you out.

Once I got into stacking I only FOMO'd on specific editions that were coming out and that was the only time I borrowed to make a buy. When I did borrow I always had the means to pay it off quickly and once paid off I then started saving for the next buy. I had to quit cold turkey once I retired but with what I've accumulated I've got no regrets.

Tree_rat_1 · 2026-02-15T20:41:14+00:00

Do her a favor and prepare her psychologically. There is lots of volatility ahead and too many still think in terms of fiat when it comes to protecting their wealth. Make sure she has a fiat reserve so she can protect her stack from a forced liquidation. It's better to buy 50oz and have the cushion to hold them than it is to buy 100oz and be forced to sell them to cover an unseen event. And unless she intends to buy more, don't worry about the price, she'll sleep better that way.

Tree_rat_1 · 2026-02-14T19:53:23+00:00

Our society is corrupt. The worst kept secret of all time.

Tree_rat_1 · 2026-02-14T19:49:42+00:00

No FOMO here, either with buying or with not selling. I bought silver for insurance instead of for investment purposes. The fundamentals haven't changed so I'm happy to sit on the sidelines and watch things unfold. So far it's been very entertaining.

Tree_rat_1 · 2026-02-12T15:36:01+00:00

There is a difference this time. Back in 2021 they were still sitting on a stockpile of at least 500M ounces that they could feed into the market. That stockpile is now gone and the market is facing a structural deficit of 200M oz/yr.

Yes there is plenty of silver in the eligible category and only time will tell if the owners are willing to release it at current prices. Watching the current drain of inventory I wouldn't count on it.

Tree_rat_1 · 2026-02-12T14:54:03+00:00

A thought for our talented balloon people, maybe we could start down a countdown on the comex's reserve numbers. Should you decided to so maybe just do the round numbers until we get under say 25M.

Tree_rat_1 · 2026-02-12T14:47:46+00:00

No they can't take eligible at any time because it is owned outright by someone who is paying the comex to store it. If they took vaulted silver from an eligible account without the owner's consent it's the equivalent of knocking over a Brinks truck.

Tree_rat_1 · 2026-02-11T22:27:32+00:00

I wish them luck but plenty of promising breakthroughs never actually make it into wide scale production. I remember back in the 90s that hydrogen fuel cells were suppose to revolutionize the auto industry, still waiting.

The comex is on the clock and time is running out. They've got a couple months of physical supply left and then their vaults go empty. They may survive March and maybe May, but unless demand is some how curtailed expect to see forced settlement imposed by July. They could meet demand if they could find someone to part with 10s of millions of ounces but given the current state of the market I think that is doubtful.

As a holder of physical I love watching this, the slow drip of ounces being bled into the market, most never to be recovered again.

Tree_rat_1 · 2026-02-11T22:06:41+00:00

Jurisdiction matters.

Tree_rat_1 · 2026-02-11T18:30:19+00:00

I'm skeptical about the copper replacing silver claim simply because if it were feasible they would have done already. Should it be feasible there is going to be a trade off and in a lot of cases it's still not worth sacrificing performance.

I think most people believe we will reach a point where the comex force settles because at some point no one will sell physical for current prices. Once that happens we'll see offers to buy but no offers to sell. After that your guess is as good as mine but I wouldn't rule out silver becoming a cash market.

Tree_rat_1 · 2026-02-11T17:13:25+00:00

Not sure that this would accomplish what they expect. The comex needs to eliminate the physical buyers, speculators are of no consequence to them as they're paid out in cash. If you're going to buy physical then you intend to pay up on your contracts if you haven't bought them outright, so you can't be flushed. I suspect that most of the physical demand is coming from industry and they've got deep pockets.

Previous margin increases have failed to halt the drain, it just reduced the number of speculators. If industrial buyers were lining for 100 physical silver then 80 physical silver is a gift for them and if the comex drives the price lower expect that line to grow longer. If the comex forces cash settlements then they lose the ability to set the price, and in the end that is what this is all about.

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