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

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In the link I just posted there was an interesting fact I wasn't aware of. One of the guys mentioned central banks have been taking physical possessions of their gold for the last several years (removing them from NY and London).

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Honest question, why was it in NY and London to begin with? I’m assuming some historical reason, but why would a sovereign nation give its silver and gold holdings to another country to hold when we have global fiat currency?

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I have a shite ton of Morgans and Peace silver dollars. if silver squeezed how the heck would I sell it?

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I would assume quite easily since dealers would be desperate for it. Any local coin dealer would buy it and probably above spot price since they’ll be able to turn it around immediately for even more.

This may be crazy, but can we designate a TD trader with good experience to run a TD fund? For people like me who have no idea about this stuff but want in. If it's out of the question then I'll figure it out, but I'd be more inclined to trust someone on the board with proper checks and balances than a company I think is out to screw me.

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Okay can someone clarify for me the difference in going after physical silver vs stocks like AG and SILV?

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AG is an actual mining company that is supposedly leveraged with silver. SLV is a physical trust that is supposed to add physical silver to their vault when you buy shares (hence "paper silver"-I think ).

My basic understanding is that a large portion of the market believes there is a good possibility there is way more paper silver than physical silver available, meaning that if people start calling for a lot of physical silver and start having to rely on the paper stuff for getting more bullion there would be a reckoning if they're short on goods.

Like I said before I am a total newb to all of this so someone smarter than me can give a better understanding. I am obviously not a financial advisor and this is definitely not financial advice.

I added to the stack last night. Went to check on the order this AM and saw this.

"Due to unprecedented demand on physical silver products, we are unable to accept any additional orders on a large number of products, until global markets open Sunday evening."

Apmex is a good vendor for those looking to get in. It's always better to go to your local coin shop if possible IMHO.

Apmex - LINK

Scottsmans - LINK /

It’s amazing that Reddit, of all places, has led to a run on physical silver. Crazy times, my friends.

Buying physical takes it out of circulation and puts stress on the market, there is only about $4-5 billion worth of physical silver available right now so it’s surprisingly easy to stress the physical side. Once the market gets strained on the consumer side the industrial side will compound it by buying up whatever they can further driving the price up.

People are placing options on SLV and AG and buying PSLV. AG specifically has an unusually high number of shorts so the potential for a price run exists there. AG is a miner that produces primarily silver and gold and they’re a very well run company so it’s a decently safe place to put your money if you want to play this. SLV and PSLV are index funds that hold physical although the amount of physical vs paper silver is disputed in SLV. You can put options on SLV but not on PSLV.

I’d add that there are a bunch of junior mining companies that you can throw money at and ride up; Hecla (HL) and Coeur (CDE) are 2 that I’m also playing. These companies have cost average somewhere around $10-13/oz from what I’ve been told so they’re already making money at $27/oz but if it goes to 30 or higher they’re raking it in.

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It’s amazing that Reddit, of all places, has led to a run on physical silver. Crazy times, my friends.

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What's even better is that it has gotten the attention of the old silver bugs and some big players in this space are already talking about it.

There is a different dynamic here than Gamestop in that silver investing spans a larger age demographic and is GLOBAL. You have 20-year-old Timmy from Reddit buying it up, but also old Uncle Joe who has a stash of silver in his garage getting excited and buying more. There are already reports of physical silver being cleaned out locally in other parts of the world.

"old Uncle Joe who has a stash of silver in his garage getting excited and buying more"

LINK

It's a hot topic with stackers this morning.

yea the media is pushing the silver narrative down everyone's throats. this is patently obvious to any one paying attention