What the fuck is going on with the precious metals market? Silver is being sold at a 63% markup...

I have had silver for like 20 years. Has only gone down in value. Legos would have been much more profitable.

>silver price is allegedly super low
>no silver available unless it's with a gigantic markup
DOES SUPPLY AND DEMAND NOT FUCKING APPLY ANYMORE?!

Yeah, it makes little sense

>Silver in 2000: $5ish/oz
>Silver in 2020: $14ish/oz

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The paper market fell apart and is now worthless. The physical decoupled.
That's your real answer.

>What the fuck is going on with the precious metals market?
jews

I used to have a garbage bag full of these when I was a kid. I collected them. One day, my boomer parents took my bag and bought gas and smokes.

>American Silver Eagles always enjoy a premium

Not $10/oz. That's like 70% above the current futures price.

On the Comex the "right"" people are caught the wrong way. There is little or no physical metal, either silver or gold, to supply longs seeking delivery. The Comex vaults are nearly empty, the EFP "emergency" program is falling apart and the major refiners in Switzerland ( who supply most of the physical metal) have completely shut down due to the Coronavirus.

It's Game Over.

Your little one ounce cuck coins do not set the global price for silver.

I have 20 year old legos, what is there spot price and how do I unload them?

>If demand is so high, then what is keeping the price so low?
>>>
>Anonymous (ID: uk3ZL1Qd) 03/30/20(Mon)09:50:52 No.251018882▶
Paper silver.
When both gold and silver markets were allowed to sell contracts as though they were actual gold, it allowed the Jews to turn the metals markets into nothing more than just another bank, with fiat "currency."

How can this fuck you?
Well, it already has fucked some people.
Gold & silver are used as a place to store wealth, that is supposed to be immune from inflation.
Just before the last crash, there was a metals dealer that was going under (don't remember the name). There was a run on his vaults, and he didn't have enough gold in his vaults to give everyone the gold they claimed was being held for them.
The gold investors did not want money, they wanted their fucking gold, that they had already paid for.
The Jew courts said that, because the dealer was going bankrupt, the god "owners" had to accept cash...and they had to wait in line as creditors, which means the big boys got their money first, and you little, powerless fish had to wait at the end of the line, sometimes getting pennies on the dollar, some getting nothing at all.
>b-but they said they were keeping my gold in their vault!
Yea, no they weren't.

If you buy gold or silver, and don't take physical possession of it, you are a stupid, goy mark.
I REALLY pity all of you rubes that have "gold 401k's or ira's...they tell you their buying gold to put in your portfolios, but you goy ain't got gold in any vault, anywhere.

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FUCK YOU

>Metals market is being manipulated
No the truth is it costs less to extract and process with energy prices this low. Don't buy into the idea that the supply is fixed. Mines are running at full tilt rn.

Listen you little bitch. admit it. You made a shitty investment because you thought the shiny coins were pretty. You fell for the "Muh silver always has intrinsic value." You fucking stupid incel. Stacking your little cuck coins because of "muh happening"..now you know they arent worth a shit. Enjoy your dead weight coin stack.

Look at eBay prices of physical silver to get an idea of the going rate

Yeah, and what've you got? Paper?

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I'm not buying your bags faggot.

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>Look at eBay prices of physical silver to get an idea of the going rate
Short term supply shortage. Same thing happened to ammo when Obama was beinga retard. If oil was sky-high I'd say we're in for one hell of a bull market but oil being this cheap will dramatically reduce extraction cost per oz. Price will always meet production cost. If gold actually had a fixed supply then you'd have something truly rare.

>>Silver in 2000: $5ish/oz
>>Silver in 2020: $14ish/oz
Something tells me you weren't buying back in 2000.

Minted coins have different value than silver. It's not like bullion

Very interesting, is now the time to dump?

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Low industrial demand.

Silver and gold are industrial metals

because there's only one price yet two things driving it : paper and physical... during the crisis :
-paper was being sold (reason : silver is used in industry, recession means less demand + lesser reason : paper silver is a shit hedge if things go very wrong anyway)
-physical was being bought, as physical metal (gold, silver) is indeed an actual hedge

plus, coins available to you etc are a very small part of the total silver market, yet there was a huge spike in demand from individual investors... hence the markup and the divergence in pricing

>Low industrial demand.
This too. Turns out having a currency that's used in industrial processes isn't always a great idea.

Dude, pretty much all copper mines are closed or have reduced output. Even Argentinian mines. Supply of physical is running low, and demand is surging.

Hmmm dunno, bought a kg yesterday expect to touch it soon. Pay off my house for three fiddy

truth

No, it's time to hold.

Premium for coins is usually like 20%. Now it's almost 70%, and on ebay it's over 100%. The market is being manipulated.

Keep following link's price for 1 year. Also you should consider investing in a some rope.

I bought most of my silver then. Stop being a faggot.

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>I bought most of my silver then.
Sure. And if true I'll bet you're not buying now. Silver has been dropping like a rock since when it peaked after 2008.

>Dude, pretty much all copper mines are closed or have reduced output. Even Argentinian mines. Supply of physical is running low, and demand is surging.
The gold mines up in AK and in Africa are at full tilt. Even if a mine were closed, the markets know when they open back up it'll be business as usual but this time with diesel at a 25% discount.

>2008 was 20 years ago
I've been waiting for the criminals who run comex to get put up against the wall since it came close to blowing up in 2008. They ran out of countries to loot, so they crashed the economy to crater the price. Difference is it didn't work this time (so far).
>Mine supply will save the shorts.
Oh no, its retarded.

I don’t know about you all... but this is the first time since college since I’ve felt alive. I have lots of silver and been waiting for this to happen for 5 years. The point where 1 silver Roosevelt dime buys me a blowjob from a formerly well to do housewife and her 18 year old daughter at the same time. I’ve been waiting in the shadows laughing at these cuck husbands who buy their wives range rovers instead of buying silver bullion... knowing that I’ll be face fucking their wives mouths for the 1.30$ it cost me to buy that silver dime.

Just yesterday at Whole Foods I seamlessly entered a conversation with a roastie milf with a ring about corona in the water aisle... and I said it’s a cover for trump to bring us on a gold standard. She was looking at me in amazement like she wanted me to paint her lips in cum. At the end of the conversation I’m like take my number l, have plenty of protection and freeze dried food if you ever need it and she took it from me.

>The gold mines up in AK and in Africa are at full tilt.

But the refiners in Switzerland are all closed down indefinitely due to the Coronavirus. There is no more physical gold. The EFP program which kept the charade going for a few more years is blowing up.

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>And then everyone clapped

/thread

(((what is keeping the price low)))

If you dont know a topic, dont talk about it

Gold and silver is a meme

That was Jon the Don Corzine, and he went bust and screwed over a lot of his clients including Gerald celente (who was always preaching AGAINST paper gold.) Celentes advice was solid, and he got burned for going against his own advice and playing in the futures market. He was honest about it to his followers.

Another warning-- Tulving metals, (whose YouTube channel is still up like a ghost ship) went bust and alot of clients who paid for orders got completely screwed.

>Poof millions $$$$ bullion dealer evaporated instantly and customers got screwed.

Buyer fucking beware.

People buying due to ideology and not real demand. People don't want to commodity because they want to do something valuable with it, they want it because they want to trade it later. People know that the paranoid prepper types are going to buy it above market rate due to Covid.

Usually J.P Morgan

I bought the dip in 2013ish. Feelsbadman

When I looked into buying gold a few years ago I was told that I’d just get a note of ownership of X amount of gold, and that they would not give any gold out right now.

This to me shows a lot of gold people think they own does not exist, it is a note you get that states that you will get future gold found, but that there is not enough for you to actually have in person right now, but we’ll still sell you a note saying that you own X amount

What a meme

>Ideology
>Selling each ounce 20+ times is not fraud because everyone won't demand delivery at once.
2020: Oy Vey!

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Kindly report in using a new tab:
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Yep. Paper is being shown to be just that.

If you can't hold it, you don't own it!

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based and redpilled

Jews.

this is merely the uncovering of the market manipulation. remember LIBOR?

>If gold actually had a fixed supply then you'd have something truly rare.
Like bitcoin