Correct me if I'm wrong, but isn't terrestrial gold mining nowhere near capacity as is?
Blake Stewart
yeah and more importantly if you dropped quintillions of dollars worth of gold on Earth the price would drop so hilariously quickly that you'd get no return
still, as long as exponential economic growth remains a thing, orbital resources will be necessary in the long run
Sebastian Rogers
Last thread I asked about sterling and how much do I get for it at an LCS, I was told around 80%
I bought a bunch of cups and shit on ebay for an average of $21 an ounce. Adjusted for actual silver weight of course, and taxes shipping etc. Its 11.14 toz. So taking it in yields me break even no profit? Whats the point of buying scrap silver under spot if I get a -20% penalty
Should I have bought regular coins and bars instead even if the amount would be like 6 oz instead of 11 in sterling?
244,000 metric tons has been discovered to date, approximately 55,000 metric tons is still in the ground
Oliver Carter
This image is the best silver FUD i've ever seen
Wyatt Powell
buying sterling is great if you're willing to melt it yourself.
Grayson Cruz
Just answering this post from the last thread:
>>based user, thank you for your charity. I just wanted to ask if you had a source for "From '62 to '68, when silver doubled, the average silver penny stock went up 160x"
In reply to what was said here:
>>From '62 to '68, when silver doubled, the average silver penny stock went up 160x. Hence, to make colossal gains, you go to the small-caps, especially the silver ones. These stocks will collapse to zero if silver collapses, which is a risk you accept in exchange for the possibility of such great reward. The best larger small-caps are Impact Silver, Silver One, and Dolly Varden. The best microcaps are BHS, Klondike Silver, and Vangold. You can do your research on these stocks on the company websites and at ceo.ca.
The statistic comes from a reputable book about the history of silver, but it has annoyed me for some time that I can't remember the name of the book. However, I know I haven't imagined this fact. Why? Well, first you have this academic article, written by one Laura Arksay, which corroborates it:
"Benjamin A. Harrison (d. 1993) and Harry F. Magnuson (1923-2009). These two were able to take advantage of the silver boom of the 1960s, during which the average penny stock appreciated 160 times. Participation in the Spokane Stock Exchange was vast, with more than 100,000 investors from all 50 states and many foreign countries. Barron's declared “Speculators in silver stocks have struck it rich in Spokane,” and the Seattle Post Intelligencer called Spokane “the speculative darling of the industry” (Fahey, 121). Harrison’s obituary describes him as “president of the Spokane Stock Exchange for 12 years ... and its most knowledgeable mining stock broker. ... The mining stocks Mr. Harrison traded brought immense wealth to northeastern Washington and northern Idaho” (The Seattle Times)."
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Cooper White
Secondly, @tin on ceo.ca, who is one of the most respected posters there, mentions it here:
" between 1962 and 1968 the average penny silver stock moved up 150x in price, . That isn't 150% that is 150X !. I believe we are in a much much bigger bull market now . A currency reset debt default event. . EPS, P.E ratios, NAV go out the window in these scenarios . A market like the 1960's would imply the average .30 cent silver stock would trade upwards of $45 . I think we are a long way from calling fair value in this ,the biggest bull market in history ."
He has 16 upvotes, and nobody calls him into question. This website is where all the mining insiders congregate, so you would think that somebody would dispute him if he is speaking inaccurately.
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Owen Young
I refuse to listen to jews and silverlets fudding it by forecasting 30-50 $ while worthless shitcoins are worth more and given for free to thousands of people. This is my final red pill and I'm not selling until its four digits and gsr is about 1:20. And will only do it for more gold and real estate.
this is wise. never sell. selling God's money for the devils paper would be insane. the only reason to give up silver is to TRADE it for something of equal value, land, labor, tools, or gold.
what's with the whining about the price of mercury dimes? sub-spot deals can be found if you know how to use ebay, and even if you pay a bit more, who cares? aren't you aware of what a mercury dime gets you?
Robert Kientz is continuing to back Kirian (DesoGames) 100%. His channel and website are exclusively about the COMEX, and, as a former auditor, talking about the COMEX is all he does. I consider him one of the most reasonable individuals in the PM community, and he is staking his entire reputation on this issue.
Nathaniel Hughes
I will only pay 1 dollar and 97 cents per BJ. Not a penny more.
