Buying physical gold/silver

630,191 Views | 3386 Replies | Last: 3 hrs ago by redsquirrelAG
Red Pear Realty
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I sold because I was happy with my profit at those prices. It wasn't super deep. I still think silver will go higher and wish everyone who is still holding the best. I'm also about to get busy with the spring real estate brokerage season and won't have time to mess with it soon. I do think this was kind of a once in a generation type of opportunity that was being broadcast for everyone to see, and I do think the price of silver will eventually come back down somewhat but we'll probably never see $30 silver again. Maybe $40?
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AgPrognosticator
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Red Pear Realty said:

I sold because I was happy with my profit at those prices. It wasn't super deep. I still think silver will go higher and wish everyone who is still holding the best. I'm also about to get busy with the spring real estate brokerage season and won't have time to mess with it soon. I do think this was kind of a once in a generation type of opportunity that was being broadcast for everyone to see, and I do think the price of silver will eventually come back down somewhat but we'll probably never see $30 silver again. Maybe $40?


Hah, not gonna happen. I'm not sure we'll see $70 silver again.

You don't stack to take profits, you stack to gather dust.
joekm3
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AG
That's what I'm doing except no dust in my safe!
Red Pear Realty
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To what end?
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TTUArmy
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Red Pear Realty said:

To what end?

The PSLV trade is dandy. However, I think you are leaving quite a lot of money on the table by trading in so early. I'm always happy to see people make money. The events surrounding gold and silver's meteoric rise this past year is indicative of some fairly major issues.

Gold's rise is a given... Fiscal and monetary policy are not going to change. Our fiat dollar has lost a great deal of purchase power since its inception and continues to lose more with each passing month. I don't foresee it getting any better...only worse.

Silver's rise is a bit vague to the average laymen. A little homework reveals the silver paper market's detachment from real physical supply. The LBMA and COMEX have been wholly absent in their duty to closely track inflows and outflows of physical metal from exchanges, absent in gauging industry's near insatiable demand for silver, and very likely had their eyes peeled on technicals while fundamentals were painting quite a dark picture. Now, they're in deep shinola; losing trust and control in this market that was once easy money for them. Their casino is going bankrupt and not soon enough in my humble opinion.
TTUArmy
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Also, I am glad you understand the value and exchange rate between fiat and precious metals. I'll have to hit you up when I decide to cash my stack in for a house and 40 acres.
jagvocate
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AG
Red Pear Realty said:

To what end?


RedPear, congrats! Please don't be a stranger to the thread now that you've booked profits :-)

Red Pear Realty
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I was always hesitant to post about my stack out of an abundance of caution of theft, but yeah, I had a couple thousand ounces stacked before I started selling.

Edit: this came up when I searched "silver" in my photos. I really like these Perth mint kilos the best of all the bars.




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Yukon Cornelius
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Congrats brother! Nicely done taking your profits ! Dont let anyone second guess you.
AgEng06
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AG
Red Pear Realty said:

I was always hesitant to post about my stack out of an abundance of caution of theft, but yeah, I had a couple thousand ounces stacked before I started selling.

Edit: this came up when I searched "silver" in my photos. I really like these Perth mint kilos the best of all the bars.





Red Pear Realty
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Thank you!
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Kenneth_2003
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AG
Congrats Red Pear!

One man's selling point is still another man's bottom!
Outdoorag011
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Congrats RP! I'm glad silver finally got high enough for people to take profits!! I took some as well with some of my numismatic pieces.
aggiebrad16
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AG
Congrats! How'd you go about selling?
TTUArmy
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AgEng06 said:

Red Pear Realty said:

I was always hesitant to post about my stack out of an abundance of caution of theft, but yeah, I had a couple thousand ounces stacked before I started selling.

Edit: this came up when I searched "silver" in my photos. I really like these Perth mint kilos the best of all the bars.





Roughly $47.5K (just in the picture) - secondary market silver price. I really like the old style Perth Mint Kilo bars as well. Whoever had the privilege of buying is probably pretty happy to have them.

Excellent job, Pear!
TTUArmy
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Some thoughts on silver this morning. A wrecked global market followed by deep recession...

Of the scenarios that I believe are most probable, the Yen carry trade blowing up is still in my picture. The Japanese Yen rising and US Dollar falling could create the mother of all squeezes in the leveraged derivatives markets.

Silver is moving on industry demand and they are stockpiling. The COMEX and LBMA are unable to handle large physical deliveries. I think the singular black swan event, more of a grey swan, to bring silver down would have to be a global recession. Demand to produce silver-bearing EVs, PVs, industry and consumer electronics would dry up. Stockpiles of silver from India and China could be unloaded on the PM market.

This bullish YouTube AI guy (Jon AG), who has been pumping silver videos out daily, looks more and more like a CCP psyop to tip the market in their favor. The CCP industries could pre-run a massive short position just before dumping massive amounts of physical silver on the market and make crazy money. Bullion banks that moved into silver long positions will sweat bullets during this dump.

The flip side - recessions generally push the US into war or conflict. The MIC could relieve some of the silver sell-off pressure.

This is about the only scenario I can see that could move the silver price down. It's almost like the CCP is daring the Fed to push the US into a deep recession.

There's my tea leaves for the day...
KingofHazor
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Did the CME raise margin requirements again? Silver's down 5+% this a.m.
TTUArmy
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KingofHazor said:

Did the CME raise margin requirements again? Silver's down 5+% this a.m.

Let them raise margins....lol.

At 100%, we'd effectively have a pure, price discovery silver market.
Kenneth_2003
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AG
Quick searching around on Google Finance doesn't show any action by the CME. Gold has pulled back some as well. This may just be the market testing a new high then looking for the push to break it through?
Mas89
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AG
KingofHazor said:

Did the CME raise margin requirements again? Silver's down 5+% this a.m.

Not sure but this is common with All traded commodities. The commodity future exchanges changing margin requirements is common as price and volatility increase. They have a set formula they go by, regardless of the commodity.
similarly, the cattle futures prices went up greatly last year, similar to the metals. Then the prices fell approx 25 percent after publicity about possible imports. Now they have gone back up, approaching highs we saw before the government intervention. Margin requirements on futures contracts have gone up and down as prices and volatility have changed.
Important to remember that futures traders And physical purchasers have a Huge effect on prices and volatility. Many commodity funds pour money into Whatever commodity is increasing and volatile, and they randomly take profits by selling and then re enter by buying. It's what they do and greatly affects the daily prices.
jagvocate
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AG
Expect a week of selling pressure in gold and silver from commodity ETFs, that have to "rebalance" during this period

https://www.reuters.com/world/india/gold-edges-down-firm-dollar-investors-await-key-jobs-data-2026-01-08/

"Gold and silver remain under pressure as the annual commodity-index rebalancing gets underway. Over the next five days, COMEX futures could see selling in the region of $6 to $7 billion in each metal," said Ole Hansen, head of commodity strategy at Saxo Bank."

jthonen
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TTUArmy
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BCI re-balancing tomorrow. Temporary silver pullback incoming. Time to back the truck up.
jagvocate
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AG


O&G Bros, something to think about

Heineken-Ashi
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I'm actually eyeing a long setup in GLD
lobopride
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jagvocate said:



O&G Bros, something to think about


The government can't print silver or oil and both have intrinsic value. They can print paper. The dollar is destined to be toilet paper.
redsquirrelAG
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It will be switched out to a new dollar.
 
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