Top Primary Miners Now Paying The Market $2 To Take Their Silver??
https://srsroccoreport.com/top-prima...-their-silver/
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Top Primary Miners Now Paying The Market $2 To Take Their Silver??
https://srsroccoreport.com/top-prima...-their-silver/
Just USD 14.40/oz and the Gold to Silver ratio now at a staggering 88.5 to 1, with Gold currently at USD 1275.20/oz
Even at a ratio of 80 to 1 - silver would be 15.94/oz and still losing money as per that article.
Might use this opportunity to top up on physical silver
Yes I see Bullion deals have 100oz Canadian bars listed for $23.7per oz which is as cheap as I've seen bullion prices for the last decade .. hoping to get a few to add to the pile
Currently NZ spot price $22.20oz
here's the bar..
https://bulliondeals.co.nz/product/r...z-bar-0-99990/
Silver to Gold ratio 106:1 highest ever
Over this next period of MASS FEAR will be buying more Silver bullion and moving ASX funds into-
ETFS Physical Silver (ETPMAG) is designed to offer investors a simple, cost-efficient and secure way to access silver by providing a return equivalent to the movements in the silver spot price less the applicable management fee.
ETPMAG is backed by physical allocated silver held by JPMorgan Chase Bank, N.A. (the custodian). Only metal that conforms with the London Bullion Market Association's (LBMA) rules for Good Delivery can be accepted by the custodian. Each physical bar is segregated, individually identified and allocated.
ETPMAG is an Exchange Traded Commodity ("ETC") that can be created and redeemed on demand (by market makers). It trades on the ASX just like an equity, is settled and held in ordinary brokerage accounts, and its pricing and tracking operates similarly to an Exchange Traded Fund. No new securities can be issued until the bullion is delivered to the Custodian's vault. There is no credit risk within this product.
US dealers not selling bullion anywhere close to spot
https://www.youtube.com/watch?v=zcS2CgWIVUQ
"Your house is burning and I'm offering you fire insurance" BUY SILVER ASAP either through ETFs on the ASX = ETPMAG ticker or from cert from trusted Perth mint or safest of all Bullion if you can get it..
GOLD CARTEL trying to get out forcing paper price down
https://www.youtube.com/watch?v=KY6qIpVikPI
Big dealer in the USA highest premiums in a decade!!
https://www.apmex.com/product/23331/...bu-random-year
JPMORGAN knew this was coming !! they were buying up HUGE amounts of bullion over the last year
https://sdbullion.com/blog/do-like-j...silver-bullion
DYOR but I'm shifting many dollars into silver over the next few days worse case I'm buying a metal that is only second to crude oil for the amount of uses by industry thats at record lows Vs GOLD
Prime bullion nz
due to market volatility we are unable to trade until further notice. Next update will be tuesday 17th march.
its going to $US 10 mate.... Maybe hold some ammo for then. or at least wait till $12
No way I'd rather be weeks-months early than late as its going to spike much higher
I'm moving least 20% of my ASX portfolio to SILVER ETF + adding to the family bullion holding
Yes the paper price may well drop further but just see if you can actually even buy Silver bullion anywhere close to low spot prices ..load up if you can ... all countries will try to reflate the bubble .. we now have .25% OCR rate (they say only for next 12m ...should be on tui ad board, yeah right)
what many don't seem to understand even if CORVID19 hadn't come along we were heading towards GFC2.0 ... this black swan has just brought it into reality NOW watch the contagion spread and collapse many Tourism O&G exporting companies farming housing etc etc
SILVER like GOLD has nil counter party risk ... no ones going hike you rates , tax you for holding ,
Yep trademe the closes we have to a free market in Bullion ... I see the NZD spot price is now $21.49oz but the best i can find from a major dealer is $23.90 but they are NZ made cast bars from https://gogold.co.nz/InvestSilver.php
Final dump before the spike higher
Why is Silver tanking so much? Is it because of likely reduced industrial demand, down another 11% as I type
Patient number Six sharing communion wine. What is wrong with these religious types? They a damn menace. I know, lets travel from the US go straight to church in NZ and share wine around.
Countries closing down restaurants etc, it the churches that need their doors bolted
SELL everything futures market GOLD was also smashed ... but I see the GOLD majors NEM + Barrick Gold both up 7% ??? I know JP Morgan was buying up shares in S32 recently... I'd say many if the major investment banks are looking ahead and seeing this playing out much like the GFC where QE drove the PM's much higher once the FEAR of loss was overcome ...and the understanding most banks would not be allowed to fail as bail outs in the billions ..
silver gets treated as an industrial metal and isnt really seriously considered a safe haven any more is the reason why I see it as being smacked. There may also be liquidity demands being placed on it when other markets freeze up.
its like buying a shotgun , imo, one hopes one doesnt need to use it as currency (but still worth having a goodly number of coins lying around as a safeguard imo)