I just may scream

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SilverStacker

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Libertads under $36, Britannias under $32, Maples at $32 or better, rounds under $32, Gold approaching $3,000. Everything Ive bloody bought in the last month now at bargain basement prices and still going down. And my PM budget spent 3X over.

Arrrrr !!!!!!
 
Yeah, it sucks when you don't have dry powder. Always good not to be over extended.
 
I feel your pain been there before myself.......but i did take advantage of some deals today and pick up some Ag .........seems like ag was the buy at a gsr of over 100-1....still keeping some powder dry as we dont know where this will bottom at
 
Wise words all. Yeah I have some spare I'm holding and am going to go day by day. The ratio is so high and the deals are starting to really come in. Maybe I'll wait until tomorrow and see where were at. I really feel like loading a few 10 oz bars right now tho. $312 is tempting.
 
Well I popped a 10 oz bar. Maybe to early but we'll see. I cant get hurt that much. I really have to say I'm surprised at such a drop. I expected a drop but not like this. 100 to 1 gold = I'm buying. One way or another. If this keeps up by mid month I'll pop much higher.
 
I fished a shiny gold eagle out of the local pond and I'm just playing the hold game for now. So tempting I may check Monday to see if they've been cleaned out. Really want to see if I can get an actual 100 oz for 1 oz.
 
I just dont see it going much lower, "not that my opinion means squat", but the gold silver ratio dont seem rooted in reality and the Industrial demand for the metal is just to great to go much lower. Its just waiting for some good economic news to turn it back. Right now I think its just fear mongering. A good jobs report yesterday, unemployment about the same, February inflation rate low with March probably no worse "hopefully, we'll know the 10'th". Its really all about stocks, but if they cut interest rates even more we can ride it out better then our so called allies and our well called enemys.

They all still need silver and I think more people will want to park a % of their portfolios in PMs. It just makes sense to doesn't it ? Especially at these prices ? My only wish is I wish I had $20 K to put into PM right now, or more, as it stands I'm hanging as much cash out as I can. Trump is taking a big gamble but I think he has the time to do it but it has to be right now.

Its either America becomes a debtor 2nd tier nation, or we have Canadian socialism, or this works and we retain the free market to grow in. There are no other possibilities. If we dont start making things in America again were screwed. And our kids are screwed.
 
Voodoo said:
I fished a shiny gold eagle out of the local pond and I'm just playing the hold game for now. So tempting I may check Monday to see if they've been cleaned out. Really want to see if I can get an actual 100 oz for 1 oz.
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swap 1oz gold for silver?
 
Yep, since we broke out upwards the next, and only, other spike like this was the Plandemic and it hit ~125:1. Prices on physical did come down a bit so I don't know if we'll actually get there outside of the fake paper markets but I'm gonna try.
 
Voodoo said:
I fished a shiny gold eagle out of the local pond and I'm just playing the hold game for now. So tempting I may check Monday to see if they've been cleaned out. Really want to see if I can get an actual 100 oz for 1 oz.
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No you dont want to be swapping gold for silver. At least thats my opinion. I not only believe this is all transitory but I also think were about at rock bottom right now. I dont think its going to get much lower but thats just my gut instinct, really I'm the first to admit "what do I know"?

But Ive been around a long time and the fact gold is actually holding pretty well tells us something. Also despite all the gloom in the stock market the American economy is still adding a whole lot of jobs and I think the interest rate is going to be cut again. These countries will start coming to terms because they know Trump will outlast them and the American economy will outlast them.

They need us a whole lot more then we need them. The American market is huge and the dollar is still king. I know I'm not selling gold. Hell I wish I had the ready cash to buy a few oz more.

 
When gold passes $4k and silver rolls past $50 you will be glad you purchased.
 
I'm convinced there is FAR more gold out there then they've admitted. It's not that rare. I mean it is rare but just not signifiantly more and most Definitely not more rare than Platinum. In fact, we have Moxy Fusion which can pretty easily make heavy metals. That's my only hesitation with Platinum even.

Price action is completely meaningless these days. It's all wrong and set by the bankers.
 
Initially traders will take gold down to 2800-2850. The next level below that is around 2600 and below that 2200-2300.

Silver needs to hold 26.50. If not then 22-23 is probably next decent support.

The world markets are selling off because they fear a recession. Recession= lower industrial demand for silver. If we go through a period of dis inflation then metals will follow suit as well.
If Trump is successful then prices across the board will be coming down. Stock market, real estate and of course real money.
I could be wrong but short term there will be pain. Already is in many peoples minds. Keep in mind though, we haven't seen normal PE ratios in the stock market in at least 20 years. We have been in a bubble for awhile now. Popping that bubble and getting rid of the excesses in the economy is a good thing.

Also good to keep in mind that gold and silver are not investments and are merely a storage of wealth. If you want to make money play the paper markets, long or short and create wealth. Once created store it long term in the metals.
 
SilverStacker said:
Libertads under $36, Britannias under $32, Maples at $32 or better, rounds under $32, Gold approaching $3,000. Everything Ive bloody bought in the last month now at bargain basement prices and still going down. And my PM budget spent 3X over.

Arrrrr !!!!!!
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LOL!!! PM's are WAAAAAAY overpriced, even now. I stopped buying silver @ $24.50 and stopped being god at $1,300. Platinum is still a buy though
 
SilverStacker said:
Well I popped a 10 oz bar. Maybe to early but we'll see. I cant get hurt that much. I really have to say I'm surprised at such a drop. I expected a drop but not like this. 100 to 1 gold = I'm buying. One way or another. If this keeps up by mid month I'll pop much higher.
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Well the two 10 oz'ers I bought as of now saved me over $50. I bought a Buffalo 10 oz bar for $313 and right now that bar is "on sale" for $342. The .9999 Canuck 10 oz bar I paid $345 for is now going for $370.90. So I guess I made out pretty good all told. I dont expect silver to dip much, at least for now.
 
I bought FL Gold backs on presale back in December and received end of January. Now they are + 23%.

If you have a long hold time there are 1/10th platinum coins for < $120 which is a bargain.
 
Well I'm trying to stick to a budget even tho I know in my gut silver will never be lower and the time to buy is now. Its all I can do NOT to spend all my loose money to hell with the house. Quote me on this, the time to buy is now.

Well I think I'll make that order anyway. To hell with budgets.
 
Never say never. Silver will go higher than anyone expects and it will also go lower than anyone expects.
The metals have been acting as a safe haven as of late, especially gold. Lots of uncertainty in the markets and gold has proven it's worth as a wealth preservation instrument. These bull markets are exciting and no-one wants to miss out but they do end and bear markets come around. A look at the chart provided will show you what many of us have endured for 2 or more decades. That run to 50 was exciting and then the run back to the teens was a bummer.
From here we could make a run to 50 again, or we could go into a recession and demand for silver could really drop and drive the price back down into the low 20's. Forget what all of the so called experts are saying. They always see the events that will take silver higher and never predict when silver is going to drop. So stick to your budget. Allocate whatever you can to silver and gold annually but understand that it's not an investment. It's a place to stash your wealth.
Do you have 6 months worth of bills stashed away for a rainy day? Is your 401k topped off? Decent portfolio in the markets that are doing well? If so and you still have cash laying around then you have excess wealth to stash away into metals. The idea is you won't sell them until retirement and possibly not even then. I know many people who buy with the intentions of passing them onto the next generation.
Below is a chart going back to 2008 or so.
Screen Shot 2025-05-02 at 11.03.59 PM.png
 
My 85 yo mother asked me yesterday when am I going to sell my gold? I replied that gold is actually the last asset that should be sold and explained why.

I also told her I would trade my silver and platinum for gold when the ratios were favorable.
 
Just remember there is NO such thing as overvalued now for Money. Unless you are valuing it in terms of other Assets like Real Estate or Factories or similar production.
 
nickndfl said:
My 85 yo mother asked me yesterday when am I going to sell my gold? I replied that gold is actually the last asset that should be sold and explained why.

I also told her I would trade my silver and platinum for gold when the ratios were favorable.
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People still believe cash is money. Have to see beyond the mirage.
 
Goldhedge said:
People still believe cash is money. Have to see beyond the mirage.
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My buddy is going to go down with that ship. He came from a solidly intact middle class family and his Dad left him a pile of dough in the form of property, bonds, stocks, and some cash. A lot of it he pissed away on boats and gadgetry tho he did make one wise real estate move.

But he still thinks $USD is king and he'll die thinking that. He was left one ST. Guidens and he would have sold that for cash had I not stopped him and talked him into leaving it for his kids. I tried to get him to diversify but he'll go down with the ship thinking cash in bank accounts actually means something. As far as I'm concerned this Big Beautiful Bill is one big turd. Until we deal with the debt we'll sink lower and lower.
 
The BBB placed the savings in the back 2 years if everything works as planned. They need to keep printing and increase.liquidity to keep the system from imploding.

Next question is when is the next QE coming? I think sometime in 2026 to ice the midterms.
 
I have a case of Libertarditus. Despite the premiums I just cant help myself. Bullion Exchanges has them for $43 which is petty good considering nobody else even has them in 1 oz. These places all want $150 to $200 for two oz Libertards ? Explain that one to me ? These are nothing special 2oz'ers. Only BU ones

I also added another Canadian .9999 10oz'er. I'm convinced at 90 oz to 1 oz silver still has a way to go so I'm not quitting. I'd rather own it in metal then paper anyways. I'm starting to get an aversion to currency.
 
I got very lucky and got a tube of 2 oz Libertads for I think it was near spot several years ago. Right before premiums on Libertads went Eagles x 2. They are nice coins but no way I'd pay that kind of premium.

Just cause I was curious a Lot of the premiums are due to very limited mintages, they've changed a bunch from year to year. They used to mint 1 mil+ a year of the common 1 oz and now restricted to like 300,000.

1752171904821.png
 
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Voodoo said:
Just remember there is NO such thing as overvalued now for Money. Unless you are valuing it in terms of other Assets like Real Estate or Factories or similar production.
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I would take Real Estate out of that mix.

Real Estate is subject to insane confiscatory taxation - Chris Martinson at Peak Prosperity was walking through the nationwide Bond Fraud that school districts, in unison or independently, have been perpetuating lo these last forty years. The HUGE amount they're in debt for - far exceeding the total real value of property in districts.

Obviously they are gonna try not to default, but will - but not before stripping assets of politically-weaker subjects to instill fear. One example he had was of an 85-year-old veteran, with a paid-off home and living on antiSocial inSecurity. Losing his home, and appeals fell on deaf ears. He was contemptuously told to sell and move into Assisted Living. As if that were cheaper.

But this is the mess you're stepping into, now, with real estate. Plenty of people in Colorado and Florida have been taxed out of their homes.
 
That wasn't any endorsement of Real Estate...Its a way of recognizing value, because our money is becoming unstable. That's going to go exponential.

So one way to value SIlver in the future, and really the only way, is going to be to compare it to other Real Assets. So looking at Ratios

Silver/Gold, Silver/Loaf of Bread, Silver/New Ford F150, Silver/New Home, etc.

One metric that I see happening and an indication that I want to start diversifying assets. I think that 50-100 oz of Silver will buy a nice new home. Now, whether that means Silver is at $100, or $1,000 or $1 Quadrillion when that happens is irrelevant.
 
Ron DeSantis, the Gov of FL is working on eliminating property taxes in the state and replacing them with a higher sales tax + real estate transaction tax. Everybody will vote for it guaranteed.
 
nickndfl said:
Ron DeSantis, the Gov of FL is working on eliminating property taxes in the state and replacing them with a higher sales tax + real estate transaction tax. Everybody will vote for it guaranteed.
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Prices and immigrants (from other states) will increase. Hopefully other states will follow, so far my property taxes in Arkansas aren’t bad, but who knows when governments get desperate
 
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