Investing in physical silver

[Sam321]

Hi ,
I wanted to start a thread on how, where and what to do when investing in silver.
I simply chose silver because gold is too expensive in my opinion.
I dont want to trade or make money , I simply want to convert my money into something that will keep some of its value , no matter what's going to happen in the next months.

The scenario of you not getting access to (all of) your money, money loosing its value, another banking crisis or banks getting "hacked" seems to become more likely .

So does anybody have any advice on where and how to buy physical silver? Or any good information sources ?



That's Peats opinion on investing in physical gold and silver:

"Yes, those are durable and portable, and will always have some value."

Interesting things about silver.

1) Its already been demonitized, unlike gold. So the Gov can really slam the price with pulling that rug out.
2) JP Morgan has been artificially suppressing the price for years to get largest monopoly world has ever seen. Theres a reason for this.
3) More of a fixed supply.
4) "Alternative Energy" economy depends on it.

 

[Mauritio]

JP Morgan has been artificially suppressing the price for years to get largest monopoly world has ever seen. Theres a reason for this.

The price has been really low compared to 2010-2012 ... also now seems like a good time to buy silver, since the price is the lowest of the last 1,5 years .
Why do you think JP Morgan is suppressing the silver price?

Unrelated but what do you think china has to with all that? Apparently they've been stocking up massively on gold and silver in the last years ...

 

[Mauritio]

Quick addition for Germany:
So you have to pay 7% taxes on silver coins from outside of the EU and 19% from inside the EU .
I was surprised that both of them have almost identical prices, so I asked a seller over email and they said they ship it overseas AND back so they dont have to pay the additional 12% taxes . So price-wise theres no difference and in this case its probably better to buy European silver coins,as @Guacamayo said.

 

[Sam321]

The price has been really low compared to 2010-2012 ... also now seems like a good time to buy silver, since the price is the lowest of the last 1,5 years .
Why do you think JP Morgan is suppressing the silver price?

Unrelated but what do you think china has to with all that? Apparently they've been stocking up massively on gold and silver in the last years ...

The JP scandal/strategy is public knowledge and very googleable. Both them, China and many others are playing the long game.

When global fiat goes ***s up, they want to corner the market of real monies and control whatever monetary system that is stacked on top of it in the future.

 

[Sam321]

The price has been really low compared to 2010-2012 ... also now seems like a good time to buy silver, since the price is the lowest of the last 1,5 years .
Why do you think JP Morgan is suppressing the silver price?

Unrelated but what do you think china has to with all that? Apparently they've been stocking up massively on gold and silver in the last years ...

The JP scandal/strategy is public knowledge and very googleable. Both them, China and many others are playing the long game.

When global fiat goes ***s up, they want to corner the market of real monies and control whatever monetary system that is stacked on top of it in the future.

 

[Mauritio]

What do you guys think of china and its gold reserves?
It seems commonly accepted that they hold way more gold than they admit.

"Since 2009, China has withdrawn 12,000 tonnes of gold from the rest of the world,..."

(China Gold Reserves – How much gold does China really have?)

One reason might be that they want to release a gold backed yuan or a gold backed cryptocurrency (hence the recent ban on bitcoin),if that happens goldprices will skyrocket . So investing in physical gold or anything that's at least somewhat correlated to the gold price might be a good idea (for example gold mines).

(Max Keiser: China secretly hoarding gold)

 

[Mauritio]

Actually part of that already happened they launched the yuan and 140 million chinese have already used it.
It's a digital currency, but it's the opposite of bitcoin, because they can see exactly when and who bought what .
In the future they could forbid certain people to buy certain things with the digital yuan . Total control.

$9.5 billion spent using Chinese central bank's digital currency - official

Some 140 million people had opened "wallets" for China's new digital yuan as of October and used it for transactions totalling around 62 billion yuan ($9.7 billion), a senior Chinese central bank official said on Wednesday.

www.reuters.com

 

[Mauritio]

View: https://twitter.com/GoldTelegraph_/status/1464285939451244547?t=19d0S84hVHMqE5eH6kERBg&s=19

 

[JamesGatz]

Wooooooo I like this thread - I went from a 1 silver eagle holder to a 12 silver eagle holder - 6 silver eagles in each of my pockets at all times - I am just waiting for the day I can replace all this silver with gold instead because I don't want to go through tarnish - the effects are awesome I am continuing to buy more

 

[Mauritio]

Wooooooo I like this thread - I went from a 1 silver eagle holder to a 12 silver eagle holder - 6 silver eagles in each of my pockets at all times - I am just waiting for the day I can replace all this silver with gold instead because I don't want to go through tarnish - the effects are awesome I am continuing to buy more

Same, I bought like 50 ounces in the last month and for a similar price I got like 1,5 ounces of gold. It's crazy how expensive gold is. Especially when you know that there's less silver under the earth than gold.
But there's many scenarios where silver and gold go way up: stock market collapse, hyperinflation , ...
But the banks basically controlle the price so I'm not sure, if they wanna see gold go to the moon ...

I also invested in some gold and silver miners .

I'd really like to know what China is up to with all that gold...

 

[Mauritio]

Safe store of value...

 

[Mauritio]

Gold backed cryptocurrency from Japan.

I dont see any advantage over buying physical gold though.

Mitsui & Co. to issue cryptocurrency linked to gold prices

Backed by tangible asset makes ZipangCoin less volatile than major cryptos

asia.nikkei.com

 

[Mauritio]

"... Americans having purchased 91.3 tonnes of the yellow metal in the past nine months (+79%), while in China and India gold buying has surged by 54% and 24% respectively."

Technical Difficulties :: Kitco.com

 

[Mauritio]

This is how gold and bitcoin behave during a crisis.

View attachment 34006

 

[Mauritio]

Silver!

 

[Inaut]

Silver!
View attachment 34302

cheers

 

[Mauritio]

Great podcast on gold, Silver, china and the impending downfall of the Dollar.

View: https://youtu.be/KkUjvyUa62s

 

[Mauritio]

Did russia just implement the gold standard?

Technical Difficulties :: Kitco.com

 

[Inaut]

Did russia just implement the gold standard?

Technical Difficulties :: Kitco.com

yup. Gold backed digital currency vs digital currency backed by dog ***t.....Who will win??

 

[Mauritio]

yup. Gold backed digital currency vs digital currency backed by dog ***t.....Who will win??

This is the end of the petrodollar , the us dollar as major world reserve currency and thus the end of the US as a super power.