the USA has always been sitting on a strategic 3X saudi arabia oil cache in Alaska.
We will be using fusion energy long before we run out of oil.
Easton Brooks
>the USA has always been sitting on a strategic 3X saudi arabia oil cache in Alaska That's probably never going to be tapped now. Oil companies are fleeing AK in droves now that the price of oil is vaporware. There's a shitload of oil taxes on the state ballots in november, if those go through I don't know what's going to happen.
Nolan Morris
I suppose we will all stop driving cars and shipping things in 120 000 HP diesel container ships and flying in airplanes and I suppose we will stop heating our homes with natural gas or coal, etc , etc , etc. Come on user the price of oil has been manipulated just as much or worse than silver, unless the tesla towers are going to happen our reliance on oil isn't going anywhere
David Allen
Could this be because the US mint needs to source large amounts of silver and the current spot price doesn't support that level of inventory? In other words, are our new price points for silver about to start coming from the mints?
Bentley Reed
Made my first purchase, 1/4oz 2020 AGE. What else should I get to balance out my portfolio before shit hits the fan? was thinking 90% silver quarters or half dollar kennedys
Welcome to the PM club user Any junk silver you can get for around spot or up to a 1.5 dollar premium is a good deal. If you can get bullion (coins or rounds) for anywhere between 2 and 3 dollars above spot, i would also jump on those. If I can get a coin for 3 over and generic for 2 over, I usually prefer the coins but at that point its a personal preference. I'll try to stick around if you have any followup questions
Ian Hill
Its actually $67 according to the link.
Bad times ahead frens.
Chase Perez
You are talking about current Alaska oil production on Alaskan land.
The untapped strategic 3X Saudi oil in prudhoe bay is light sweet crude and right at the surface (no fracking required) it can be drilled and harvested profitably for less than $20 per barrel. AK has nothing to do with it, as it is on federal land.
Matthew Brooks
>40 percent of oil is used for gasoline >another 5 percent used for airline fuel >oil companies down 40 to 50 percent equates to manipulation user, people are still driving but not nearly as much as they used to be. Even if driving was only reduced by 20 percent, that would be a huge hit in regards to the demand for gasoline, and as such for oil. I mean sure, all markets are manipulated, but it's not equitable to the silver manipulation by bullion banks
Oil was $120-$140 a barrel just a few years ago Oil got so cheap this year the 45 gallon drum it was housed in was worth more than the oil inside. Why do you think prices have dropped so sharply? Because of lock downs? Lmao This is how the rich get richer, all of the small guys in the oil business, contractors etc get bought out at pennies on the dollar and the big guys swallow everything and then demand comes roaring back magically. Do you think this is the first fucking oil "crash"? It is heavily manipulated, OPEC etc, if you think it is not comparable you do not understand oil, we actually DEPEND and SURVIVE off of oil, I love silver but my every day life has never depended on it, maybe it will in the future but it has never affected my life the way oil does
Colton Morgan
Grab 10 ounces more and hypothetically you'll be part of the 1% silver stackers.
Samuel Brown
>Oil was $120-$140 a barrel just a few years ago Mmhm >Oil got so cheap this year the 45 gallon drum it was housed in was worth more than the oil inside. Only oil contracts that stood for immediate delivery of a large amount of barrels dropped this sharply - the burden of storage became big enough to offset the oil prices. >Why do you think prices have dropped so sharply? Because of lock downs? Lmao Speculation and panic >This is how the rich get richer, all of the small guys in the oil business, contractors etc get bought out at pennies on the dollar and the big guys swallow everything and then demand comes roaring back magically. Do you think this is the first fucking oil "crash"? You're starting to get my attention >It is heavily manipulated, OPEC etc, if you think it is not comparable you do not understand oil, we actually DEPEND and SURVIVE off of oil, I love silver but my every day life has never depended on it, maybe it will in the future but it has never affected my life the way oil does Fair points. Can't say I've come to a conclusion, but you have effectively grabbed my attention to begin looking into it. Thanks user
Can someone explain why silver eagles are more expensive when ordered directly from the us mint compared to resellers? Is the official us mint .gov website a souvenir scam operation?
Jaxon Stewart
I live in oil country in cucknada, I don't totally know what is going on but here are the facts: Trudeau is making sure our oil does not go to market Trudeau is destroying any infrastructure development to do with oil He is making sure our oil industry crashes while every other country is heavily investing oil Trudeau family fortune is heavily invested with saudi oil I could go on and on about the pipelines he has shut down , the tankers being blocked off of our western shore, instead of building a pipeline we have to ship our oil all the way around north america to get to our opposite shore. Any and every job is outsourced to chinks , even steel production, I mean I could literally go on and on but I will try to cut this short. I am not totally sure where everything is going, we are being sold out to the chinks at an alarming rate while our media demonizes trump saying the US is fucking us over when it is bullshit for the most part, I mean maybe he is taking advantage of it a bit but I won't fault him for keeping his countries interests at heart while ours is on a mission to destroy us. If you are a burger, you can compare turdeau to obama, same shit different pile but atleast you guys did not have to deal with the covid hoax during obama. Final thoughts, our oil dependance is going no where unless like I said tesla towers or free energy of some sort becomes a reality, but right now Canada is being destroyed by a 5th column and the tip of the spear was oil right before covid happened, none of it is a coincidence
Nicholas Parker
>Is the official us mint .gov website a souvenir scam operation Yeh
Evan Hill
It will never be enough for you user. You will continue to stack more.
Benjamin Rivera
Oil is a good mid term play, probably along with coal of all the damned things. Here's looking at Australia, US shale and offshore, and Canada.
I know, it doesn't make sense to me either, but it seriously is going to do well.
Aaron Rivera
Very interesting. Thank you for these points. Part of me wonders if this somehow ties back to the petrodollar and the push towards a CDBC. Let's think about this for a minute - I know how currency works but am not too familiar with (outside of my knowledge that this is true) how the US dollar is used as the global petro dollar. If the dollar comes crashing down, and a commodity is tied to it so directly, how will that affect the underlying comodity?
Cameron Jones
No, the inflated premiums are for numismatic products. They don’t reflect bullion premiums
