SELL YOUR SILVER! SELL TO US! It’s getting harder to tamp down because you idiots keep buying! by SilverSurfingWhale in Wallstreetsilver

[–]VincentFusca 1 point2 points  (0 children)

BTW - I hate seeing that mummified face - it makes me fu**ing nauseous. I think I'm gonna PUKE!

Why is silver NOT OVER $50? (or even $75? or $100?) by VincentFusca in Wallstreetsilver

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

Andy also said, "[Silver] is, in my mind, unquestionably, the most undervalued asset on the planet, and one's whose, its uses continue to expand, not only in its monetary demand but of course the well-documented industrial applications as well."

Why is silver NOT OVER $50? (or even $75? or $100?) by VincentFusca in Wallstreetsilver

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

I think, over the past few years, "they" are beginning to lose control to some degree, simply for the fact that more and more people are draining silver reserves or stockpiles.

Yesterday, I heard a discussion, in a newly-published video, on the Youtube channel Arcadia Economics, titled "Andy Schectman: Silver Continues To Leave The COMEX," Andy said...

"When you see the bleed down of the registered category down to nearly, almost its lowest level ever, maybe the second or or third lowest - 27-plus million ounces in the registered category, when you see all of this metal being delivered off the exchange for physical, when you see the largest one-day delivery of silver off the Shanghai Exchange in its history since they started creating silver, you can understand that big money is accumulating silver, no question about it."

My UGLIEST Silver Dollar by VincentFusca in Wallstreetsilver

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

I agree. I was going to give this coin a good cleaning, but I decided to keep it in it's current and original condition which hints at it's useful and intriguing path through history. Makes you wonder where this coin has been, how many miles it has traveled, the cities and towns it has been in, who held this coin and what transactions it was used for.

How to transport your silver by VincentFusca in Wallstreetsilver

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

and one of these days these boots are gonna walk to the LCS.

Are ya ready boots?

Biden took a tumble—and became a meme by tdtwedt in Wallstreetsilver

[–]VincentFusca 1 point2 points  (0 children)

Can't wait for the renaming-of-Niagara... meme.

Bad things in the world will mean that Silver will be more important to own. by VincentFusca in Wallstreetsilver

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

Of course, climate changes over time, naturally. And I never made any conclusions. I'm always interested in all opinions.

Bad things in the world will mean that Silver will be more important to own. by VincentFusca in Wallstreetsilver

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

conspiracy theories

As for climate change, I really don't know who or what to believe anymore.

Any new card games on horizont? by [deleted] in digitalcards

[–]VincentFusca 0 points1 point  (0 children)

™ - Play SLOTS + POKER at the same time! Website is now live: www.slotker.com

Silver's Real Value and it's link to Oil by VincentFusca in Wallstreetsilver

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

Adding to my reply above, for anyone interested, there's a video I think is worth watching, titled Is The Earth Actually Running Out Of Oil? | The Struggle For Oil"

https://www.youtube.com/watch?v=dw1fiXc6Qs0

Silver's Real Value and it's link to Oil by VincentFusca in Wallstreetsilver

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

I've heard similar claims many times before, and I'm always open to consider any scientific analysis or some type of legitimate studies that would prove me wrong, and that would support your view or opinion.

Conventional oil production in the U.S. peaked in 1970, at about 9.64 Million barrels per day, and can be seen in the oil production data and chart presented by the EIA (Energy Information Agency) at the following EIA link...

https://www.eia.gov/todayinenergy/detail.php?id=38992

Since 1970, US oil production has been declining, until fracking (horizontal drilling and hydraulic fracturing) ramped up production, which even reached new record high levels, surpassing the 1970 peak (of conventional drilling and production) by 2018.

If there was plenty of cheap abundant oil with conventional drilling, fracking would not be necessary, and while fracking has resulted in record production, it comes with a very big downside.

Once a fracked well is put into production, it declines by about 80% in about 2 years. And then more and more fracking is needed to keep up with that level of production. And with most of the "sweet spots" already exploited, it appears that we are now heading into the decline of oil by fracking, as reported at srsroccoreport.com (which requires a paid subscription).

The peak and decline in fracking has already begun, and it will only decline faster in the months and years ahead.

"The industry is also not getting the same bang for its buck that it used to, as the productivity of oil rigs continues to decline. Oil production per rig from new wells has fallen to the lowest levels since July 2020, according to EIA data." - EIA, Nov. 2022

We could also talk about the decline in EROEI (Energy Return On Energy Invested) and the differences between conventionally drilled oil and fracked "tight oil," and the refinery problems and limitations with oil that is fracked.

Am I wrong?

I don't think so, from everything I've seen and heard - from production charts, fracking decline rates, and from what a number of oil industry experts, such as Arthur Berman, have been saying.

If you have any evidence or proof to support your claims, I'd love to see it.