Good info - thanks for posting. I was pretty surprised to see silver at $58 this morning.
Buying physical gold/silver
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Full moon TH probably peaks then.
Asian markets trying to push $59 silver tonight. We might see $60 silver by the end of the week.
One ounce of Silver will now buy one barrel of West Texas Intermediate
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Black silver.jagvocate said:
One ounce of Silver will now buy one barrel of West Texas Intermediate
The left cannot kill the Spirit of Charlie Kirk.
Ha! Thats a good one. Well done
my only regret will be not taking out a 2nd mortgage to buy more silver, lol.
From a Kitco interview with former CEO of Hecla Mining and board member of LBMA
Several market developments are playing into this run up in gold and silver - especially silver.
In this regard, holding physical metal has become king. However, with exploding sovereign debts, shaky treasury markets, and falling tax receipts, governments will be looking for new sources of revenue. If PM supplies become too constrained, I reckon a heavy tax would be forthcoming on retail looking to take profits, while industrials receive some form of protection. Outright government confiscation is doubtful, but a generous offer to trade PMs for a new, government-issued stable coin might be in the future.
Several market developments are playing into this run up in gold and silver - especially silver.
- Bullion markets (LBMA and COMEX) have suppressed price discovery relative to physical supply/demand for decades - major market distortion...this is not new.
- Mined silver is in a 5 year deficit
- New mining faces onerous permitting issues due to environmental impact
- No PM assay foundries in the US and few mining districts
- Industrials world-wide are front running any supply disruptions created by the critical mineral policy by taking physical deliveries out of the bullion markets
- Shanghai and Saudi Arabia have created or are creating bullion markets that compete with London and US.
- Low free float in bullion markets...this is a key issue.
- Free float in bullion markets refers to the amount of gold or other precious metals that are available for trading and not held by central banks, governments, or other entities that are unlikely to sell. It indicates the liquidity and trading volume of bullion, affecting market dynamics and price movements. - AI answer
- The current LBMA free float of silver is approximately 155 million ounces, which is critically low and only enough to cover about six weeks of global demand. - AI answer
- In theory, there is enough physical metal to cover outstanding paper contracts/ETFs.
- In practice, it's not even close, but the bullion markets have rules and control measures in place if/when things get dicey...like a plunge protection team...so to speak.
In this regard, holding physical metal has become king. However, with exploding sovereign debts, shaky treasury markets, and falling tax receipts, governments will be looking for new sources of revenue. If PM supplies become too constrained, I reckon a heavy tax would be forthcoming on retail looking to take profits, while industrials receive some form of protection. Outright government confiscation is doubtful, but a generous offer to trade PMs for a new, government-issued stable coin might be in the future.
TTUArmy said:
From a Kitco interview with former CEO of Hecla Mining and board member of LBMA
Several market developments are playing into this run up in gold and silver - especially silver.Personal thoughts...
- Bullion markets (LBMA and COMEX) have suppressed price discovery relative to physical supply/demand for decades - major market distortion...this is not new.
- Mined silver is in a 5 year deficit
- New mining faces onerous permitting issues due to environmental impact
- No PM assay foundries in the US and few mining districts
- Industrials world-wide are front running any supply disruptions created by the critical mineral policy by taking physical deliveries out of the bullion markets
- Shanghai and Saudi Arabia have created or are creating bullion markets that compete with London and US.
- Low free float in bullion markets...this is a key issue.
- Free float in bullion markets refers to the amount of gold or other precious metals that are available for trading and not held by central banks, governments, or other entities that are unlikely to sell. It indicates the liquidity and trading volume of bullion, affecting market dynamics and price movements. - AI answer
- The current LBMA free float of silver is approximately 155 million ounces, which is critically low and only enough to cover about six weeks of global demand. - AI answer
- In theory, there is enough physical metal to cover outstanding paper contracts/ETFs.
- In practice, it's not even close, but the bullion markets have rules and control measures in place if/when things get dicey...like a plunge protection team...so to speak.
In this regard, holding physical metal has become king. However, with exploding sovereign debts, shaky treasury markets, and falling tax receipts, governments will be looking for new sources of revenue. If PM supplies become too constrained, I reckon a heavy tax would be forthcoming on retail looking to take profits, while industrials receive some form of protection. Outright government confiscation is doubtful, but a generous offer to trade PMs for a new, government-issued stable coin might be in the future.
Good stuff. Now I know why England and the US West had Outlaw legends and stories.
Quote:
11/28/25
Gold - $4,238.40
Silver - $56.67
GSR - 74 : 1
12/5/25
Gold - $4,213.94
Silver - $58.57
GSR - 72 : 1
EDIT:
We briefly touched $59.40 silver today.
The irony is when I got a quote from my normal person today on gold eagles, they were paying $400 less than spot, which is not normal.
What percentage south of spot would you say is typical?
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You should be able to sell AGE's for spot or maybe $50 under.
https://sdbullion.com/sell#Gold
https://sdbullion.com/sell#Gold
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jagvocate said:
What percentage south of spot would you say is typical?
Considering when you buy you would typically pay about $125 over spot for AGE, I was surprised spot wasn't what was being offered. It's also the holidays, so places know that people are looking to acquire cash to buy presents, etc. and unloading some PMs prevents people from debt financing, oftentimes. I'm not worried about it; just surprised they were that much behind spot.
Not that the precious metals market needs a villain to be identified...but...I'm a sucker for a good fishing story.
An interesting rumor circulating on the innerwebz is that several, elite, Chinese billionaires tried to take physical delivery of 400 million ounces ($22 billion+) of silver during the Thanksgiving holiday, when the CME halted trading for 10 hours over a data center chiller going tits up in Aurora, Illinois. That's roughly 250 million ounces more than what is available in LBMA free float inventories.
Interesting, if true...again...just a rumor.
An interesting rumor circulating on the innerwebz is that several, elite, Chinese billionaires tried to take physical delivery of 400 million ounces ($22 billion+) of silver during the Thanksgiving holiday, when the CME halted trading for 10 hours over a data center chiller going tits up in Aurora, Illinois. That's roughly 250 million ounces more than what is available in LBMA free float inventories.
Interesting, if true...again...just a rumor.
I believe it. We've been talking about this ruse for years on r/wallstreetsilver.
Where do you stack up?
Please don't answer this...just food for thought.
Top 1% Gold Stackers = 165 oz
Top 5% Gold Stackers = 51 oz
Top 20% Gold Stackers = 15 oz
Top 1% Silver Stackers = 490 to 640 oz
Top 5% Silver Stackers = 150 to 195 oz
Top 20% Silver Stackers = 45 to 60 oz
Please don't answer this...just food for thought.
Top 1% Gold Stackers = 165 oz
Top 5% Gold Stackers = 51 oz
Top 20% Gold Stackers = 15 oz
Top 1% Silver Stackers = 490 to 640 oz
Top 5% Silver Stackers = 150 to 195 oz
Top 20% Silver Stackers = 45 to 60 oz
TTUArmy said:
Where do you stack up?
Please don't answer this...just food for thought.
Top 1% Gold Stackers = 165 oz
Top 5% Gold Stackers = 51 oz
Top 20% Gold Stackers = 15 oz
Top 1% Silver Stackers = 490 to 640 oz
Top 5% Silver Stackers = 150 to 195 oz
Top 20% Silver Stackers = 45 to 60 oz
Uhhh…..500 oz of silver is nothing….
Well, when it was $15/oz …AgPrognosticator said:TTUArmy said:
Where do you stack up?
Please don't answer this...just food for thought.
Top 1% Gold Stackers = 165 oz
Top 5% Gold Stackers = 51 oz
Top 20% Gold Stackers = 15 oz
Top 1% Silver Stackers = 490 to 640 oz
Top 5% Silver Stackers = 150 to 195 oz
Top 20% Silver Stackers = 45 to 60 oz
Uhhh…..500 oz of silver is nothing….
The left cannot kill the Spirit of Charlie Kirk.
AgPrognosticator said:TTUArmy said:
Where do you stack up?
Please don't answer this...just food for thought.
Top 1% Gold Stackers = 165 oz
Top 5% Gold Stackers = 51 oz
Top 20% Gold Stackers = 15 oz
Top 1% Silver Stackers = 490 to 640 oz
Top 5% Silver Stackers = 150 to 195 oz
Top 20% Silver Stackers = 45 to 60 oz
Uhhh…..500 oz of silver is nothing….
Most Americans don't have a $1K to cover an emergency. Stacking PMs is pretty low on the list of things people would consider spending a small portion of their earnings on. People that do stack, usually start small by buying 2-3 coins a month. At that rate, stacking a monster box of silver would take some time and discipline.
And, 500 oz of silver is way more than "nothing" these days.
APMEX - ASE monster box
TTUArmy said:
Where do you stack up?
Please don't answer this...just food for thought.
Top 1% Gold Stackers = 165 oz
Top 5% Gold Stackers = 51 oz
Top 20% Gold Stackers = 15 oz
Top 1% Silver Stackers = 490 to 640 oz
Top 5% Silver Stackers = 150 to 195 oz
Top 20% Silver Stackers = 45 to 60 oz
I thought I was an absolute neophyte to stacking and yet I'm shocked based on the inference of where I stand in comparison to others.
I've read reports that there's around 4-5 billion ounces of mined silver that hasn't been lost to time. That's less than an ounce per person in the world.
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