Bullion prices.

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oldtrucker
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Bullion prices.

Post by oldtrucker »

If western countries got out of gold and silver to back up currencies...what's stopping China Russia etc from controlling prices since they hold it all?
I have a hunch silver will be at $10 oz soon and if gold retains value, our govt wouldn't hesitate to sieze it kinda like what happened in 1933 in the US.
And more silver production for industry meaning more supply.
Prices would have to go up way over $100oz to come close to silver prices in 1980 inflation incl.
Not sure it will ever recover...it's at over 80 to 1 gold to silver value and I have a feeling it's actually at the highest we will ever see it again or in my lifetime anyway.
Silver... poor man's gold...a bad investment?
Some may view my politically incorrect opinions as harsh and may be offended by them. Some think political correctness will be our undoing.
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alanjh595
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Re: Bullion prices.

Post by alanjh595 »

Funny that you mention that. I just added to my silver investment this month.
I have been tracking the prices closely ever since.
Silver Bar.jpg
• Composition: 99.9% pure silver
• Weight: 3110 grams

Monday, March 27, 2023
• VBCE Buy: $3,056 CAD
• VBCE Sell: $3,446 CAD
March 29, 2023
• VBCE Buy $3,096 CAD
• VBCE Sell $3,442 CAD
Friday, March 31, 2023
• VBCE Buy $3,190 CAD
• VBCE Sell $3,536 CAD
Saturday, April 1, 2023
• VBCE Buy $3,195 CAD
• VBCE Sell $3,566 CAD
Monday, April 3, 2023
• VBCE Buy $3,157 CAD
• VBCE Sell $3,506 CAD
Tuesday, April 4, 2023
• VBCE Buy $3,162 CAD
• VBCE Sell $3,511 CAD
Wednesday, April 5, 2023
• VBCE Buy $3,290 CAD
• VBCE Sell $3,639 CAD

Friday, April 7, 2023
• VBCE Buy $3,311 CAD
• VBCE Sell $3,682 CAD
Tuesday, April 11, 2023
• VBCE Buy $3,310 CAD
• VBCE Sell $3,660 CAD
Wednesday, April 12, 2023
• VBCE Buy $3,323 CAD
• VBCE Sell $3,673 CAD
Thursday, April 13, 2023
• VBCE Buy $3,379 CAD
• VBCE Sell $3,726 CAD
Friday, April 14, 2023
• VBCE Buy $3,399 CAD
• VBCE Sell $3,745 CAD
Saturday, April 15, 2023
• VBCE Buy $3,320 CAD
• VBCE Sell $3,688 CAD
Monday, April 17, 2023
• VBCE Buy $3,328 CAD
• VBCE Sell $3,697 CAD
Tuesday, April 18, 2023
• VBCE Buy $3,299 CAD
• VBCE Sell $3,647 CAD
Wednesday, April 19, 2023
• VBCE Buy $3,275 CAD
• VBCE Sell $3,624 CAD
Friday, April 21, 2023
• VBCE Buy $3,351 CAD
• VBCE Sell $3,702 CAD
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Catsumi
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Re: Bullion prices.

Post by Catsumi »

I remember well the Hunt Brothers tampering with silver prices in 1980

Here’s a refresher for you

https://en.wikipedia.org/wiki/Silver_Thursday
Sufficiently advanced incompetence is indistinguishable from malice. There’s a certain point at which ignorance becomes malice, at which there is simply no way to become THAT ignorant except deliberately and maliciously.

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oldtrucker
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Re: Bullion prices.

Post by oldtrucker »

Catsumi wrote: Apr 23rd, 2023, 6:56 pm I remember well the Hunt Brothers tampering with silver prices in 1980

Here’s a refresher for you

https://en.wikipedia.org/wiki/Silver_Thursday
Ha I just read that before seeing your post
Silver isn't turning out to be a very good hedge against inflation mind you nor is gold but its not going to vaporize into worth nothing like I have a funny feeling is going to happen to silver. Maybe go to 27oz in the not yet famous 'Spring 2023 Silver Bars Way Oversold Before They Were Worth Nothing Rush' then fall to below 19oz then down from there. I'm so positive, I know. Notice how no one has any bullion, a bunch of rahrah buy silver videos before it hits $750oz sales hype. Don't know about you but my experience in life is that if something that's really "high value" has to be supersold...it's not so high value.
Some may view my politically incorrect opinions as harsh and may be offended by them. Some think political correctness will be our undoing.
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oldtrucker
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Re: Bullion prices.

Post by oldtrucker »

alanjh595 wrote: Apr 23rd, 2023, 6:49 pm Funny that you mention that. I just added to my silver investment this month.
I have been tracking the prices closely ever since.
Silver Bar.jpg

• Composition: 99.9% pure silver
• Weight: 3110 grams

Monday, March 27, 2023
• VBCE Buy: $3,056 CAD
• VBCE Sell: $3,446 CAD
March 29, 2023
• VBCE Buy $3,096 CAD
• VBCE Sell $3,442 CAD
Friday, March 31, 2023
• VBCE Buy $3,190 CAD
• VBCE Sell $3,536 CAD
Saturday, April 1, 2023
• VBCE Buy $3,195 CAD
• VBCE Sell $3,566 CAD
Monday, April 3, 2023
• VBCE Buy $3,157 CAD
• VBCE Sell $3,506 CAD
Tuesday, April 4, 2023
• VBCE Buy $3,162 CAD
• VBCE Sell $3,511 CAD
Wednesday, April 5, 2023
• VBCE Buy $3,290 CAD
• VBCE Sell $3,639 CAD

Friday, April 7, 2023
• VBCE Buy $3,311 CAD
• VBCE Sell $3,682 CAD
Tuesday, April 11, 2023
• VBCE Buy $3,310 CAD
• VBCE Sell $3,660 CAD
Wednesday, April 12, 2023
• VBCE Buy $3,323 CAD
• VBCE Sell $3,673 CAD
Thursday, April 13, 2023
• VBCE Buy $3,379 CAD
• VBCE Sell $3,726 CAD
Friday, April 14, 2023
• VBCE Buy $3,399 CAD
• VBCE Sell $3,745 CAD
Saturday, April 15, 2023
• VBCE Buy $3,320 CAD
• VBCE Sell $3,688 CAD
Monday, April 17, 2023
• VBCE Buy $3,328 CAD
• VBCE Sell $3,697 CAD
Tuesday, April 18, 2023
• VBCE Buy $3,299 CAD
• VBCE Sell $3,647 CAD
Wednesday, April 19, 2023
• VBCE Buy $3,275 CAD
• VBCE Sell $3,624 CAD
Friday, April 21, 2023
• VBCE Buy $3,351 CAD
• VBCE Sell $3,702 CAD
.Im wondering where this is going. I've seen vids claiming $300oz silver by the end of 2023 and I get the math. Ratio is 80 to 1 and it might get closer to 20 to 1 or somewhere in there. Right up to the part where I read about huge easy to get at reserves being found.

That's a 100oz bar Alan. It would be about $4300 to buy at the bullion shop?
Some may view my politically incorrect opinions as harsh and may be offended by them. Some think political correctness will be our undoing.
countmeout
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Re: Bullion prices.

Post by countmeout »

alanjh595 wrote: Apr 23rd, 2023, 6:49 pm Funny that you mention that. I just added to my silver investment this month.
I have been tracking the prices closely ever since.
How does one buy that?
Lynn K
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Re: Bullion prices.

Post by Lynn K »

countmeout wrote: Apr 23rd, 2023, 8:06 pm
alanjh595 wrote: Apr 23rd, 2023, 6:49 pm Funny that you mention that. I just added to my silver investment this month.
I have been tracking the prices closely ever since.
How does one buy that?
Any bank, but silver gold bull on Bernard won't charge the premium banks do.
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oldtrucker
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Re: Bullion prices.

Post by oldtrucker »

countmeout wrote: Apr 23rd, 2023, 8:06 pm
alanjh595 wrote: Apr 23rd, 2023, 6:49 pm Funny that you mention that. I just added to my silver investment this month.
I have been tracking the prices closely ever since.
How does one buy that?
I'm pulling the ejection handle I think
Pm me if you want
Some may view my politically incorrect opinions as harsh and may be offended by them. Some think political correctness will be our undoing.
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oldtrucker
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Re: Bullion prices.

Post by oldtrucker »

I wish you didn't post that ...ummm...hi rez pic of that bar Allan.
Dammit.
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alanjh595
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Re: Bullion prices.

Post by alanjh595 »

https://www.vbce.ca/gold-silver

You can walk in and buy it for cash & carry. I use the one in Richmond. There is a run on silver right now, so you should reserve what you want to buy before making the trip.
The problem with buying silver here is that you have to pay for cartage.
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countmeout
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Re: Bullion prices.

Post by countmeout »

Lynn K wrote: Apr 23rd, 2023, 8:23 pm
countmeout wrote: Apr 23rd, 2023, 8:06 pm

How does one buy that?
Any bank, but silver gold bull on Bernard won't charge the premium banks do.
Cheers. :130:

Thanks for the tip!
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alanjh595
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Re: Bullion prices.

Post by alanjh595 »

Lynn K wrote: Apr 23rd, 2023, 8:23 pm
countmeout wrote: Apr 23rd, 2023, 8:06 pm

How does one buy that?
Any bank, but silver gold bull on Bernard won't charge the premium banks do.
I just checked their prices and they are charging $200-$300 more than what I paid for a 100oz silver bar.
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oldtrucker
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Re: Bullion prices.

Post by oldtrucker »

It's Beanie Babies. Hockey cards. Stamp collection.a fad that lasted thousands of years but I think it's going to be valueless very soon.
I just advertised 7 nice shiny 10oz bars for well below what someone would pay at a bullion shop. I'm selling supposedly real money cheaper than what the percieved value of the fiat currency is and what that 'money' cost. No one is breaking down my door for them even during a supposed bullion shortage...yeah..
there is a silver bullion shortage...yeah.Beanie Babies n hockey cards. They are flogging silver bullion to get rid of it before it falls and create a false demand..
Gold is the only thing of true value and anything else a dream that once was. Maybe I'm wrong but I think this is it ...25 ish oz is it's last high...I think it's down from here. Does it really matter if the gold to silver $$$ ratio is 1 to 1000 when silver is abundant and cheap to mine? I'm out.- At over $400 per 10oz bar that may end up being $100 shiny paperweights... yeah...
When bullion dealers are making videos on YouTube about $750oz silver....im running
Some may view my politically incorrect opinions as harsh and may be offended by them. Some think political correctness will be our undoing.
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alanjh595
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Re: Bullion prices.

Post by alanjh595 »

oldtrucker wrote: Apr 24th, 2023, 8:09 am It's Beanie Babies. Hockey cards. Stamp collection.a fad that lasted thousands of years but I think it's going to be valueless very soon.
I just advertised 7 nice shiny 10oz bars for well below what someone would pay at a bullion shop. I'm selling supposedly real money cheaper than what the percieved value of the fiat currency is and what that 'money' cost. No one is breaking down my door for them even during a supposed bullion shortage...yeah..
there is a silver bullion shortage...yeah.Beanie Babies n hockey cards. They are flogging silver bullion to get rid of it before it falls and create a false demand..
Gold is the only thing of true value and anything else a dream that once was. Maybe I'm wrong but I think this is it ...25 ish oz is it's last high...I think it's down from here. Does it really matter if the gold to silver $$$ ratio is 1 to 1000 when silver is abundant and cheap to mine? I'm out.- At over $400 per 10oz bar that may end up being $100 shiny paperweights... yeah...
When bullion dealers are making videos on YouTube about $750oz silver....im running
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oldtrucker
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Re: Bullion prices.

Post by oldtrucker »

And another thing... if it did go to say 100oz, who is going to buy it? Who is going to want to buy, store, ship when everyone would want to sell at once? It's like everyone having a winning lotto ticket at the same time and everyone trying to cash it.
Some may view my politically incorrect opinions as harsh and may be offended by them. Some think political correctness will be our undoing.

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