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 Replies: 2,660 / Views: 85,438 |
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Pillar of the Community
Portugal
655 Posts |
I think that people are becoming too excited with precious metals. Especially silver. Quote:India is making silver a monetary metal. In April 2026 they plan to set the silver-gold ratio at 10:1 when used for bank and non-bank loans. Watch what the price of silver does then. How many other countries will follow. https://www.sgtreport.com/2025/10/i...-money-role/ This can not be true. Bi-metallism never worked well. Now it would be impossible. Because silver is too much a critical industrial metal for the modern economy for anyone to set it a stable ratio with gold. What is being said there can not happen. Price of silver depends on industrial demand. No one will be issuing silver currency for common use. Or stocking silver in central banks for international settlements. Silver has no financial use. It is only being speculated with. Same as with other industrial metals, speculation also moves prices. But the anchor is industrial use. |
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Bedrock of the Community
United States
36744 Posts |
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Bedrock of the Community
United States
36744 Posts |
I was only able to swap 1 Double Eagle. My dealer was almost cleaned out of 90%. He said people are buying it even with the refiners refusing to taking it.
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Bedrock of the Community
 United States
25173 Posts |
My LCS is selling junk silver at spot. People are bringing it in by the bucket.
Inordinately fascinated by bits of metal with strange markings and figures
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Moderator
United States
188326 Posts |
Quote:
He said people are buying it even with the refiners refusing to taking it. Quote:
My LCS is selling junk silver at spot. People are bringing it in by the bucket. Load it up while you can.  |
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Bedrock of the Community
United States
10529 Posts |
Should be interesting to see which way the prices will go next week.
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Moderator
United States
188326 Posts |
Indeed. Sitting just under $49 for now. |
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Pillar of the Community
 United States
5182 Posts |
Sometimes these round numbers ($50, $100, etc.) are like magnets. The stock or commodity is "sticking to it" for a while until it is ready to move again.
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Moderator
United States
188326 Posts |
It has pulled back a little more now below $48. |
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Bedrock of the Community
United States
36744 Posts |
Smack downs to try to cover the banksters shorts. Don't panic, silver will win the race. All the exchanges are low on physical metal. Just lots of paper.
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Pillar of the Community
 United States
5850 Posts |
Oof.
Silver is currently below $47 and gold has fallen below $4000. I'm not going to declare the bubble has burst, but I am starting to feel like the proverbial blush is off the bloom.
Edited by barryg
10/27/2025 12:43 pm
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Bedrock of the Community
United States
36744 Posts |
Artificial slam before the Fed lowers interest rates tomorrow which should give silver and gold a bump up. If you don't have to sell right now, it doesn't matter. If you want more, great buying opportunity.
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Moderator
United States
188326 Posts |
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Don't panic, silver will win the race. No panic here. I always play the long game. |
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Pillar of the Community
United States
5850 Posts |
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I always play the long game Well, don't wait too long. As the saying goes, in the long run, we're all dead... |
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Moderator
United States
188326 Posts |
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Well, don't wait too long. As the saying goes, in the long run, we're all dead... Speak for yourself, sir. I plan to live forever.  |
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Replies: 2,660 / Views: 85,438 |
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Posted 10/24/2025 3:13 pm
