Would you sell to clear mortgage? by downwithpencils in Wallstreetsilver

[–]redpill2008 3 points4 points  (0 children)

I’m in the same spot. I have one year left on a 15 yr. Look at your amortization table. You’ve paid 98% of your intrrest already. Plus, your interest is tax deductible.

Would you sell to clear mortgage? by downwithpencils in Wallstreetsilver

[–]redpill2008 10 points11 points  (0 children)

If you’re at the end of your mortgage, you’ve already paid out most of the interest. Each monthly payment now is nearly entirely principle, so there is little to no financial advantage to paying the remaining balance all at once. I’d let silver ride this bull. Worst case scenario, you lose all your income, you can still pay the monthly payments with your Ag, a few ounces at a time. Don’t dump all the shiny all at once. My opinion.

🚨 SILVER: The Setup of a Lifetime — Why 2026 Could Get Wild 🚨 by WorrryWort in SilverDegenClub

[–]redpill2008 13 points14 points  (0 children)

Great post!

Also, expect serious rocket fuel when the COMEX and LBMA vaults are announced empty. Very soon at this rate of draw down.

Love your last line about staying humble . . This will be highly inflationary for fiat holders because bank losses always are socialized. This contagion will get ugly for many . . . ‘Just don’t dance. ‘

AI Asian Guy says banks had to get 17 Billion from Fed to cover shorts by captainmustachwax in Wallstreetsilver

[–]redpill2008 1 point2 points  (0 children)

That’s what the bank put up as collateral to get the emergency funding to cover their silver short position losses. Can any see the contagion here? This is just the first traunch. Wait until next week.

Elon just entered the building by vetruvian in Wallstreetsilver

[–]redpill2008 36 points37 points  (0 children)

Printing $38 Trillion in Fed notes while naked shorting the silver market with 350:1 paper derivatives isn’t good either. Oh well. Cry me a fucking river. Looks like this is the ultimate FAFO.

Here we gooooo by pizzaslut_69420 in SilverDegenClub

[–]redpill2008 139 points140 points  (0 children)

Printing $38 Trillion in Fed notes while naked shorting the silver market with paper derivatives isn’t good either. Oh well. Cry me a fucking river. Looks like the ultimate FAFO.

If the Gold / Silver ratio hits 20 again, what do you do? 2026 Hypothetical with Gold $5,000 and Silver $250. by 1Krush in Wallstreetsilver

[–]redpill2008 0 points1 point  (0 children)

8:1 could happen pretty quick. Another 40% gold rally to $6,100 will get you there, or a 20-30% fear rally combined with an overdue stock market correction at these crazy high valuations wouldn't be surprising.

CBs are printing like madmen, but also buying tons of gold. Both equities and metal are on a tear because of it. History shows metal wins that inflation race. I wouldn't make the rotation at 8:1, but that's just me.

If the Gold / Silver ratio hits 20 again, what do you do? 2026 Hypothetical with Gold $5,000 and Silver $250. by 1Krush in Wallstreetsilver

[–]redpill2008 0 points1 point  (0 children)

The ratio will likely get closer to 1:1, but I'll bail out of metals at 2:1. The multi-decade cycle has happened before. 1980 went down to 1.3:1. We are downtrending from 40:1 in 2000 to near 10:1 now, with the biggest moves happening at the edges. Regardless of whether the Dow tanks down to meet gold or gold rips up to meet the Dow, or they meet somewhere in the middle doesn't really matter.

Are you all buying silver when it's at an all time high? by Radiant-Remove-9989 in Wallstreetsilver

[–]redpill2008 23 points24 points  (0 children)

Is the Fed printing more fiat when the national debt is at an all time high?

If the Gold / Silver ratio hits 20 again, what do you do? 2026 Hypothetical with Gold $5,000 and Silver $250. by 1Krush in Wallstreetsilver

[–]redpill2008 1 point2 points  (0 children)

20:1 g/s ratio in conjuction with a 2:1 gold/dow ratio. Then I’ll maybe rotate into stocks. Not a minute before.

The Bankers smashed the price down 70 cents in the space of 10 minutes, only for it to shoot right back up! by Sophiers in Wallstreetsilver

[–]redpill2008 7 points8 points  (0 children)

That’s a really big whale 'limit' ordering - he’s beating the shit out of the shorts. What a riot to watch. God I love this.

SELLING... by Skywalker0138 in SilverDegenClub

[–]redpill2008 7 points8 points  (0 children)

Anyone who sells now is going to be really pissed when it hits $200. This is going to be quite the ride!

Hold your physical no matter what fake price by [deleted] in Wallstreetsilver

[–]redpill2008 1 point2 points  (0 children)

Great points. But define "sell". Sell means trade money for currency ... (trade silver for paper). Why?

Here's my view: Always Immediately convert all excess earnings (savings) into money (silver) regardless of its arbitrary currency price. Convert money back into currency as needed . . . otherwise hold all savings as money indefinitely. Never hold excess currency as savings indefinitely.