Topic: Gold collapsing. Bitcoin UP. - page 1207. (Read 2032266 times)

Well they did show that having at their disposal sums greater (in adjusted terms) that the entire current bitcoin market cap (satoshi included) couldn't corner the market.

You need to get a reality check into your big fish/small sea perspective. Running a 10 man organisation that does well in the Finnish retail silver market does not make you a player. If I go to my local corner shop and try to buy 5,000 litres of milk, the fact that they can't give it to me there and then doesn't mean there's worldwide shortage of the white stuff.

You can go and buy as many Good Delivery Bars as you want on Comex (despite the internet paranoids). They can keep selling them till long after you and your power brokers run out of money. Sure, they're reluctant to deliver, because its a complete pain in the rectum to move a few thousand ounces to yet another internet "short squeezer" so they would rather you take the money. But they certainly can deliver if you insist and pay the charges. As I said this has been going on a long time and you certainly ain't the first to try.

It's a shame that your good stuff gets drowned in your delusions of grandeur and unhealthy addiction to extrapolation.

But, whatever. I'm out. I've made enough to spend time walking the dog and not have to do this.

Silvers modern day usage:

27% Electrical/Electronics
22.2% Jewellery
11.1% Coins/Bullion
7.7% Photography
5.7% Brazing Alloys
5.7% Solar Panels
5.5% Silverware
3.7% Wood Preservatives
3% Catalysts
2.7% Water Purification
2.5% Batteries  (button-cell, new phones)
.9% Mirrors/Reflective glass
.5% Medical Applications
.4% RF Tags (Radio Frequency)
.3% Bearings (Jet engines)
1% Other (nanotechnology, anti-bacterial......)

Ridiculous to even think that the Hunts were instrumental in anything of substance.

Trolls try to extract the silver short squeeze masterplan from me. I am not about to tell it, so I had to ignore the trolls.

Is there any way to unsubscribe the thread?

Cool. So in the range of hundreds of millions of dollars worth, or billions, or ten of billions?

less and less all the time, industry utilizes a goodly amount in processes that render it pretty much unrecoverable

above ground stocks have been dwindling for years as I understand it

How much silver would have to be purchased to start the short squeeze going? Any good calcs on that?

Are you sure you understand the term "short squeeze" ?

I forgot that I know what I am talking about, but you don't know that I know. I am too busy to explain anything concerning silver, but dig my old posts if you want to learn.



Edit: Smiley added just for the reason to not sound patronizing. It is a fascinating concept how to make the short squeeze but I don't want to talk about it in public nor with people who don't have the btc to buy up all the silver.

Well, that's like, just your opinion, man. And it isn't made stronger by repeating it or underlining it.

All I'm saying is that this silver shortage idea is, far from being a radical insight, in fact the internet-based speculating convention that has been preached at least since the days of the kitco forum mentioned above. I believed it myself at one point, but after several years changed my mind and sold. As it has been wrong for the best part of twenty years you should at least consider the possibility that it's still wrong, very possibly going to stay wrong, and causing you at least opportunity cost.

I happen to think this idea was a master stroke by those wishing to keep an essentially dying commodity market going with fresh money. The buying and selling involved has served dealers well, but they do themselves no favours when they break the cardinal rule of dealing and start believing.

However, it is these differences that make a market and I wish you luck.

No, silly. We are talking about short covering here. Sometimes it does no good but to repeat:

If someone would take the effort to call the worldwide silver bluff, he will not take fiat.

fair enough

Yup, that is the system

excuse me, the system saw the threat of the Hunts unmasking their charade and changed the rules mid battle

Gold will certainly be around (especially the ladies love it). Will it represent purchasing power remotely comparable to today is a completely different question. I do agree it's a nice hedge against crypto failing. Working my ass of is the only true hedge I have and I would prefer not to.

And who is this "someone"? You?

Can't you see it's close to "buy all the bitcoins". It ain't gonna happen. Forty years ago the multi-billionaire Hunts had a go (back when a billion really was a billion). They had their butts handed back. For the last decades every anarchy-conspiracist who's read Ted Butler thinks they've found "the squeeze". You seem to have made a good living buying and selling the stuff - don't do your own gear.

Gold is down to $1220/oz. Our precious bitcoin is up to $1155. Could we see parity again soon?

If someone would take the effort to call the worldwide silver bluff, he will not take fiat.

No doubt. At the end of the day, we're amongst friends here: just quibbling at the margins of our preferred PM:BTC:$:property:etc ratios