Yes fren, it's alrdy happening for the higher up echelon : youtube.com/watch?v=R-Z9waSYfns Live just ended, Andy Schectman explain how the institutional investors are reclaiming physical delivery for their SLV positions. Something that very rarely happened before, and imho show the extreme defiance in the market from big players. JPM just had to get rid of 20% of their monster dragon stash this month ALONE. At this rate, if investors continue to close their positions on the comex and reclaim physical, JPM will have nothing left in their vault before EOY. And without physical left, they can't keep their short positions, because it works like fractional reserves ; they need a base capital to start generating SLV contracts. It's a literal silver run happening rn, when they run out of physical and 90% of their SLV is still in circulation and investors continue to want delivery, it will be a shitshow of epic proportions.
so what you're saying is that come EOM, if we see another set of deliveries, FOMO in and just buy as much physical silver and silver miners as humanly possible?
>"Dumb enough to believe Epstein was the bad guy" edition yeah, i think i'm going to just avoid this whole thread, if someone makes a real /pmg i'll be happy to join in
Wyatt Baker
>JPM just had to get rid of 20% of their monster dragon stash this month ALONE. Poppycock! I need some pictures of Wall Streeters receiving deliveries of beautiful rocks, this sounds mythical and fictitious.
Pretty much, yes. I think the tiny divergence we saw in march/april between physical and spot price (well, not so little, it was costing the double to get your hand on physical) will happen to a whole another level once investors understand there isn't any physical left to back up SLV. Can't wait to see fudders cope once spot remain in the $20 range while an ASE will cost you $200 irl kek.
Bought my first Morgan today. It's instantly become one of my favorite coins. I used to avoid them because of the premium, but actually having one has changed my mind. For a 140 year old coin still with mint luster, it was surprisingly cheap.
I have an 1885-O in nearly perfect condition, not particularly valuable from a numismatic standpoint but it's one of my favorite pieces. Morgans are great.
I'm spending about 25% right now, but I also feel like I have an addiction.
Adam Hall
>How can I get physical delivery to my IRA? I believe you can't apply for delivery under a certain amount, something like 10 Full SLV (each SLV = 5000oz). So unless you have 50,000oz+ worth of SLV ETFs, they basically tell you to fuck off and you only are allowed to cashout in USD. Sorry fren.
Fugg. Well there ARE ways to keep physical in an IRA, but they involve all sorts of fine-print fuckery that isn't worth it for me. There's now a service that does that shit for you... if you pay them.
Brandon Hernandez
The amount of shitheads posting in /PMG/ is bullish AF
As much as I can get away with. Working any OT I cant get my hands on. Gonna start selling some of my collectible shit (keyboards + anime figures) that I'm not that into anymore.
I'm always here. you just don't notice me until I disagree with you. Because anyone that agrees with you must be your buddy and anyone that disagrees must be an enemy.
this is the reason the FBI has no trouble taking people like you guys down if you break the law. You're idiots.
