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re: This could be something....Look beyond equities, Silver to be the next short squeeze

Posted on 2/16/21 at 9:40 am to
Posted by Big Wes
Baton Rouge
Member since Oct 2005
53 posts
Posted on 2/16/21 at 9:40 am to
We will find out if this Internet generation is really interested in the potential of silver as an investment.

Physical silver is not available at a reasonable premium for the individual investor currently and will not be for a month or so. American Eagles at $39 a ounce with silver at $27? just no. When silver crashed to $12 last year, Physical was hard to find in quantity anywhere close to that.

SLV with the Comex and Big Banks can short silver to hell and back with basically no restrictions. Unlike Gamestop, where there was a limited amount of shares that could be realistically shorted.(130%?) The new generation of buyers should avoid SLV. They can count silver on their books that is "in transit" which includes silver ore on the conveyer belt at the mine headed to the crusher...So a crackup boom is unlikely, until real pressure is put on the physical market.


Purchase PSLV or CEF if they want easily traded equities, if the price crashed. Or wait for the next physical dump when these bars purchased at $27 are melted down into newly minted coins become available with reasonable 2-3 dollar premiums and then rinse and repeat 4 times a year. I have my doubts those looking for instant gratification can stick with it for longer than the big banks hold out...

Inflation is here, hyper inflation is coming. Silver is a canary in the coal mine along with those damn 4oz bag of gluten free crackers that cost $6.50 or $26 oz....

Posted by cadillacattack
the ATL
Member since May 2020
4492 posts
Posted on 2/16/21 at 11:19 am to
quote:

Inflation is here, hyper inflation is coming.


Indeed, .... and that's the reason for the saying regarding physical,.... "Silver is sometimes for sale, Gold is never for sale."

Once acquired, folks seldom let it go ....

This post was edited on 2/16/21 at 11:20 am
Posted by rocket31
Member since Jan 2008
41819 posts
Posted on 2/16/21 at 11:22 am to
quote:

We will find out if this Internet generation is really interested in the potential of silver as an investment


tip: theyre not
Posted by Crawdaddy
Slidell. The jewel of Louisiana
Member since Sep 2006
18405 posts
Posted on 2/16/21 at 11:25 am to
quote:

American Eagles at $39 a ounce with silver at $27? just no. When silver crashed to $12 last year, Physical was hard to find in quantity anywhere close to that.


When silver was $12 the premiums were through the roof. The big dealers wouldn’t budge much.
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