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 Replies: 63 / Views: 9,299 |
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Pillar of the Community
United States
1304 Posts |
[quote]Brokerages fill the role of lending. If you have an account set up with a brokerage, you likely signed a hypothecation agreement which gives them the ability to lend shares owned by you for the broker's benefit.
I'm not entirely sure the methods that a large hedge fund will acquire the shares, I wouldn't be surprised if they negotiate deals with brokers/quote]
Thank You Adam_ E. and KenKat
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Pillar of the Community
 United States
711 Posts |
Best price I see before the market opens back up on APMEX is $280 a roll or 28x face. Silver is 19.55x face last close. That is APMEX being comfortable selling at a 43% premium to last close in this moment without current pricing. Not all that price is silver, but if it were that would imply they would be fine selling at $38.75 an ounce and to be honest, nobody is buying them out at that price either so the market is giving them a hard pass there too. Gonna be an interesting next few days. Personally rooting on a mass stock sell off by the hedgies to cover losses and to buy up some crypto that gets pulled down in a bad market. Don't worry though, the hedgies will have recently shorted all their winners they are about to sell in a coordinated fashion and will gain from the chaos. Some other stiff will get stuck with at least some portion of their losses. |
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Pillar of the Community
 Canada
5394 Posts |
I sure hope it takes a giant run ( doubt it though) .
Silver @ 1000K an ounce ..... matching his and hers Lambos
and a Cape Cod Style Mansion ! Beautiful!
Although at my age , I would need a Crane service to get me back out
Of the Lambo !
One can only dream !
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Pillar of the Community
United States
711 Posts |
I laughed at your clarification of needing the crane because 'Of the Lambo'. The way the line broke there made me read it with a pause and that pause became comedic thinking of a man making sure that the crane services he would require were for dismounting the car and not anything else mentioned with regard to the cars to keep it as friendly family as possible. . . .
I'd likely only have silver I wouldn't want to sell at $1000 an ounce.
I'd likely start selling at $50 I'd imagine.
Edited by BuckeyeCoinGuy
01/31/2021 12:17 pm
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Pillar of the Community
 United States
8938 Posts |
Even though we'd love silver 1k, think about what the repercussions would be. A 1921 morgan would be worth more than an S-VDB, a 1794 dollar for 60oz. Itd kill collecting as we know it
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Pillar of the Community
United States
711 Posts |
I think all assets would end up getting repriced in a world with $1000 silver. Maybe the S VDB premium wouldn't keep up with the increasing scrap metal value, but I think it would still go up.
Honestly if all the silver holders got paid, a lot of us would be buying coins like a 1909 s-vdb that maybe they couldn't even afford before. Who knows how it would go.
Definitely expecting a sell off in stocks. Cash needs raised. Personally more interested in where silver opens, but stocks will be fun the next couple of days.
No matter what though, I love the fundamentals behind silver way more than GameStop or other heavily shorted companies. Way more asset involved to cover your downside.
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Valued Member
United States
274 Posts |
It seems that paper silver and physical have not always been well connected over the past few years. I wonder if this current situation and however it plays out could pull them back together or drive them further apart?
I went on a few websites today, looking to add to my 1oz silver collection with some of the new 2021 designs. As already mentioned in this thread, no such luck until probably tomorrow. I guess I should have bought last week.
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Pillar of the Community
United States
711 Posts |
From SD Bullion CEO Tyler Wall Quote:In the 24 hours proceeding Friday market close, SD Bullion sold nearly 10x the number of silver ounces that we normally would sell in an entire weekend leading to Sunday market open. In a normal market, we normally can find at least one supplier/source willing to sell some ounces over the weekend if we exceed our long position (the number of ounces we predict we will sell over the weekend). However, everyone we talk to is afraid of a gap up at Sunday night market open. This is about ready to get really interesting as there was very little inventory left from suppliers/mints going into Friday close. Our direct AP supplier informed us after close on Friday that the "US Mint will be on allocation for the remainder of Type 1" (Current Silver Eagle Design). Our sales for the month of January exceeded any one month last year during the heart of the pandemic. It was an all-time record month in our company history. |
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Pillar of the Community
United States
2335 Posts |
I'm not so sure it's wall street bets influence that caused the price rise. I sent a bunch of scrap sterling to the refiner last week that was processed & setled on Thursday. This wouldn't be the first time that caused a jump in price......  |
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Valued Member
United States
274 Posts |
I have been re-organizing my 1oz silver collection lately, thinking that I want to focus a little bit on just a few series that I enjoy and divest the ones that I do not enjoy as much. That would free up some cash that I could spend on my 7070 collection. I've been holding out until after the pandemic so that I could sell or trade them at a LCS or coin show. With the silver market in its current state, I'm not quite sure how to play that. Do I forget about selling silver and just hold tight for awhile? Or be ready to sell this week if things go up significantly? I don't have photos ready, so I'm not sure how quickly I could take action anyway. If you had about 100 oz of various world bullion you planned to sell or trade, would you be trying to take advantage if the price goes up in the coming days? It feels like trying to time the market a bit, which is generally a bad idea, right?
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Pillar of the Community
United States
711 Posts |
Seeing silver up another buck and a half to $28.50 now.
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Pillar of the Community
United States
3843 Posts |
Not sure how long any spike in precious metals prices would last but perhaps we are going to see $40-50 silver right around the corner for at least a little while.
Could miner's end the rally since apparently the cost to get silver out of the ground is $12 and they could potentially reopen some mines if we see a decent increase causing the need to sustained purchasing in order to buy up new supplies of silver.
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Pillar of the Community
United States
711 Posts |
APMEX is selling bags of 90% again. They are asking 26.38x face vs a spot of 20.8 at the $28.75 per ounce price I am currently seeing. That is a premium of 26.8% and implies a price of silver at $36.46/oz.
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Pillar of the Community
United States
1479 Posts |
Silver at $35 40 48.00 an ounce? it wouldn't surprise me I was milling around in 1980 and 2008 - 2011 blissfully ignorant but sooo happy selling my little stacks, things have changed manipulation jigs with paper silver may not be stopped completely but may finally be restrained.
Rough estimate of 7+ million new sheriffs in town who at present are using Soviet Cold War artillery financial saturation fire. When these little people have the same information the mammoths have and can use this information on a level playing field their inaccurate fire will become pinpoint... Gamestop was the the new era. The $900 million fine JP Morgan paid was a laugh off I didnt need any experts advice on silver if it looks like rotten fish and smells like rotten fish...
My crystal ball says spot will go $34.00 with a 6.90 an ounce premium, real soon. The big fellas are getting flustered with us little Lillyputians.
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Pillar of the Community
United States
2589 Posts |
With the big dealers out of supply, the buying on ebay has gotten insane. Every 1 ounce bar at less than 25% premium has already been bought up. Wild wild stuff. |
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Replies: 63 / Views: 9,299 |
First Page
Posted 01/31/2021 12:06 pm
