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If 300 million people bought 1 ounce of silver every month the us reserves would be depleted.

 
silverbird

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05/26/2019 12:21 PM
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If 300 million people bought 1 ounce of silver every month the us reserves would be depleted.
There is 900 million ounces of silver in the us reserves or 25 metric tons, that means in 3 months the us reserves would be depleted if every person in the us buys1 ounce. This would temporarily disrupt the banking world or make silver go sky high.
Anonymous Coward
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05/26/2019 12:23 PM
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Re: If 300 million people bought 1 ounce of silver every month the us reserves would be depleted.
Dead investment. Nothing pushes it up anymore.
silverbird  (OP)

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05/26/2019 12:29 PM
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Re: If 300 million people bought 1 ounce of silver every month the us reserves would be depleted.
That would push it up if you depleted the reserves of the USA in 3 months. [ think about it ] one of the precious metals completely depleted.
silverbird  (OP)

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05/26/2019 12:33 PM
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Re: If 300 million people bought 1 ounce of silver every month the us reserves would be depleted.
Silver is cheap enough that every member of the family could own a ounce of silver every month. We could wreck the financial system so easy by doing this. Silver been money for thousands of year
Kodiak Island

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05/26/2019 12:36 PM
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Re: If 300 million people bought 1 ounce of silver every month the us reserves would be depleted.
True, but that is not going to happen. People are dropping their metal for Cryptos. That should be obvious to most people by now.

I've been a gold/silver bug for 14 years but not any more. The criminals at the Fed and Treasury, etc will do whatever it take to keep the lid on the price of the metals. They will continue to squash the price until they can't anymore.

The only way that is going to happen is if the dollar loses massive value, to the point where a majority of people in the world not only don't want it anymore but are trying to get away from them as fast as they can.

They can't print up cryptos you see.

I still hold silver... a lot of it actually but only for insurance if/when hyper inflation ever does come.
Kodiak
Anonymous Coward
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05/26/2019 01:00 PM
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Re: If 300 million people bought 1 ounce of silver every month the us reserves would be depleted.
reserves is all silver in all products,not fed reserves which got sold off a few years back.thats even the silver in the old mines.reserves is a very broad term.
silverbird  (OP)

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05/26/2019 01:13 PM
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Re: If 300 million people bought 1 ounce of silver every month the us reserves would be depleted.
People have been brainwashed that real money is not real money anymore. [ SAD ]
Anonymous Coward
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05/26/2019 01:23 PM
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Re: If 300 million people bought 1 ounce of silver every month the us reserves would be depleted.
Been hearing this rubbish since at least 2007, guess what?
If my uncle had tits and a pussy he'd be my aunt and that's never going to happen either. yawn
Lance Roseman From BC

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05/26/2019 01:25 PM
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Re: If 300 million people bought 1 ounce of silver every month the us reserves would be depleted.
Makes me want to keep stacking...
If you are not busy weaving your own magick, you are trapped in anothers spell.
“It’s time you realized that you have something in you more powerful and miraculous than the things that affect you and make you dance like a puppet.” – Marcus Aurelius
Kodiak Island

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05/26/2019 01:31 PM
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Re: If 300 million people bought 1 ounce of silver every month the us reserves would be depleted.
People have been brainwashed that real money is not real money anymore. [ SAD ]
 Quoting: silverbird


What constitutes "Real" money is a very subjective term. It is totally perception driven. It really boils down to what are people willing to accept for money.

I'm still a big silver holder, but have concluded that with the advent of the computer and internet, it was only a matter of time before someone came up with a solution to the problems with money that still, to this day, plague mankind.

Here is a video of arguably one of the greatest Austrian Economists of all time, Milton Friedman discussing the coming revolution in money that will be created by the internet. He was referring to Bitcoin but it didn't know it at the time.

[link to www.youtube.com (secure)]
Kodiak
silverbird  (OP)

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05/26/2019 01:40 PM
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Re: If 300 million people bought 1 ounce of silver every month the us reserves would be depleted.
J.P. Morgan holds 700 million ounces silver for a reason. They didn’t buy it not to make money of it, follow the money. The dollar is steady losing value and people will look for a store of value. This might take a few more years but something is going to give, the writing is on the wall .
silverbird  (OP)

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05/26/2019 01:47 PM
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Re: If 300 million people bought 1 ounce of silver every month the us reserves would be depleted.
Real money will surface again, if not in my life time maybe my children’s. History tells us all fiat currencies have failed 100% this one will be no different. Every body buy 1 ounce of silver and watch what happens to the system it has to give. Supply could be bought up so quickly.
Kodiak Island

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05/26/2019 01:48 PM
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Re: If 300 million people bought 1 ounce of silver every month the us reserves would be depleted.
J.P. Morgan holds 700 million ounces silver for a reason. They didn’t buy it not to make money of it, follow the money. The dollar is steady losing value and people will look for a store of value. This might take a few more years but something is going to give, the writing is on the wall .
 Quoting: silverbird


Maybe they bought it to sell into the silver market when their naked shorting of silver finally fails, becoming their last ditch effort to keep the price of silver down. I know the silver bugs never touch that idea.

I wonder how long they could keep the price of silver down with those 700 million ounces?
Kodiak
Lance Roseman From BC

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05/26/2019 01:49 PM
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Re: If 300 million people bought 1 ounce of silver every month the us reserves would be depleted.
People have been brainwashed that real money is not real money anymore. [ SAD ]
 Quoting: silverbird


What constitutes "Real" money is a very subjective term. It is totally perception driven. It really boils down to what are people willing to accept for money.

I'm still a big silver holder, but have concluded that with the advent of the computer and internet, it was only a matter of time before someone came up with a solution to the problems with money that still, to this day, plague mankind.

Here is a video of arguably one of the greatest Austrian Economists of all time, Milton Friedman discussing the coming revolution in money that will be created by the internet. He was referring to Bitcoin but it didn't know it at the time.

[link to www.youtube.com (secure)]
 Quoting: Kodiak Island


If you are American you only have to look at Article 1 Section 10 of your own Constitution to define what money is. I guess they don't teach the Constitution in 'skool' anymore.
If you are not busy weaving your own magick, you are trapped in anothers spell.
“It’s time you realized that you have something in you more powerful and miraculous than the things that affect you and make you dance like a puppet.” – Marcus Aurelius
Anonymous Coward
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05/26/2019 01:50 PM
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Re: If 300 million people bought 1 ounce of silver every month the us reserves would be depleted.
J.P. Morgan holds 700 million ounces silver for a reason. They didn’t buy it not to make money of it, follow the money. The dollar is steady losing value and people will look for a store of value. This might take a few more years but something is going to give, the writing is on the wall .
 Quoting: silverbird


There's a reason alright- with that kind of stranglehold they control the market and make REAL US DOLLARS at will by wiggling the POS (see what I did there? tounge) up and down. I bet they've pulled more $$$ out of the silver market than the total value of all their silver holdings by a very wide margin.

epiclol
Kodiak Island

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05/26/2019 01:52 PM
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Re: If 300 million people bought 1 ounce of silver every month the us reserves would be depleted.
Real money will surface again, if not in my life time maybe my children’s. History tells us all fiat currencies have failed 100% this one will be no different. Every body buy 1 ounce of silver and watch what happens to the system it has to give. Supply could be bought up so quickly.
 Quoting: silverbird


You have dranken the "silver is real money" coolaid. I'm not saying that silver is not real money but just be careful in putting all your eggs in one basket. There are other forms of "real money" out there and your vested interest in assuring that silver will be that "real money" is blinding you to the greatest opportunity of your life.
Kodiak
Lance Roseman From BC

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05/26/2019 02:14 PM
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Re: If 300 million people bought 1 ounce of silver every month the us reserves would be depleted.
Real money will surface again, if not in my life time maybe my children’s. History tells us all fiat currencies have failed 100% this one will be no different. Every body buy 1 ounce of silver and watch what happens to the system it has to give. Supply could be bought up so quickly.
 Quoting: silverbird


You have dranken the "silver is real money" coolaid. I'm not saying that silver is not real money but just be careful in putting all your eggs in one basket. There are other forms of "real money" out there and your vested interest in assuring that silver will be that "real money" is blinding you to the greatest opportunity of your life.
 Quoting: Kodiak Island


It is the only Constitutional money (AU and Ag)....so....? I guess you don't need that worthless piece of paper anymore in the running/ruining of your country? Maybe we can borrow it up here and you can have our useless one.

Last Edited by Saint Lance the Odd from BC on 05/26/2019 02:14 PM
If you are not busy weaving your own magick, you are trapped in anothers spell.
“It’s time you realized that you have something in you more powerful and miraculous than the things that affect you and make you dance like a puppet.” – Marcus Aurelius
Anonymous Coward
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05/26/2019 02:18 PM
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Re: If 300 million people bought 1 ounce of silver every month the us reserves would be depleted.
Dead investment. Nothing pushes it up anymore.
 Quoting: Anonymous Coward 74805282


You should rather ask what/who is supressing this undervalued comodity for such long time and what is the ratio of electronic paper silcer vs real silver. But i suspect the only answeri would get is: Who gives shit!
silverbird  (OP)

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05/26/2019 02:22 PM
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Re: If 300 million people bought 1 ounce of silver every month the us reserves would be depleted.
I think some of you are missing the point, the silver market is so small that it could be bought up so quickly. The 700 million ounces J.P. Morgan could easily be bought up in two months if we done what the subject says.
Anonymous Coward
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05/26/2019 02:22 PM
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Re: If 300 million people bought 1 ounce of silver every month the us reserves would be depleted.
Gold $1284.30 oz

Silver $14.55 oz

Currently 88:1 ratio

Earth’s crust 17.5:1

Constitution 15:1

Silver should currently be trading at $85.62 oz

If it was being manipulated and suppressed
silverbird  (OP)

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05/26/2019 02:24 PM
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Re: If 300 million people bought 1 ounce of silver every month the us reserves would be depleted.
Remember the saying if the government don’t want you to have it then you need to get some.
Lance Roseman From BC

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05/26/2019 02:29 PM
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Re: If 300 million people bought 1 ounce of silver every month the us reserves would be depleted.
Remember the saying if the government don’t want you to have it then you need to get some.
 Quoting: silverbird


Never heard it before but easily absorbed...cheerio!
If you are not busy weaving your own magick, you are trapped in anothers spell.
“It’s time you realized that you have something in you more powerful and miraculous than the things that affect you and make you dance like a puppet.” – Marcus Aurelius
Kodiak Island

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05/26/2019 02:29 PM
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Re: If 300 million people bought 1 ounce of silver every month the us reserves would be depleted.
Dead investment. Nothing pushes it up anymore.
 Quoting: Anonymous Coward 74805282


You should rather ask what/who is supressing this undervalued comodity for such long time and what is the ratio of electronic paper silcer vs real silver. But i suspect the only answeri would get is: Who gives shit!
 Quoting: Anonymous Coward 3689734


I know who and I know why they are suppressing the price. The question you should be asking yourself is will you still be alive when the price is actually allowed to rise?

Just imagine what people who bought gold and silver 10 or 20 years ago, could have done with that money over that time period! They could have started businesses, gone on fancy vacations, bought rental houses, bought Bitcoin at $1 and be retired right now.

And I know what the ratio is between paper silver and the real deal. It's somewhere around, or used to be, around 300 to one, and it's been that way for a very long time and silver continues to go down!

Be careful putting all your stock in one place. That's all I'm saying. There are plenty of other ways to invest your money besides in silver.

There's that old saying "don't fight the fed... they can continue to print money as long as Fiat is still worth something and use that money to kill gold and silver prices.
Kodiak
silverbird  (OP)

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05/26/2019 02:29 PM
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Re: If 300 million people bought 1 ounce of silver every month the us reserves would be depleted.
You go to US DEBT CLOCK.ORG the dollar to silver ratio is $ 592.00
Anonymous Coward
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05/26/2019 02:34 PM
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Re: If 300 million people bought 1 ounce of silver every month the us reserves would be depleted.
The Hunt Brothers were the good guys trying to expose the silver scam

They were trying to take delivery of physical silver on paper contracts

Couldn’t have that so the Gov stepped in and changed the margin call

If the Hunt Brothers had succeeded we would have $85 oz silver today
dogman17

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05/26/2019 02:36 PM
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Re: If 300 million people bought 1 ounce of silver every month the us reserves would be depleted.
And we would all use all of that silver to get fillings?
Just don't make anything up.
MogwaiHunter PM

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05/26/2019 02:39 PM
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Re: If 300 million people bought 1 ounce of silver every month the us reserves would be depleted.
No, the government would set the price and demand people turn it in. What is plan B?
silverbird  (OP)

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05/26/2019 02:40 PM
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Re: If 300 million people bought 1 ounce of silver every month the us reserves would be depleted.
I’m not saying put all your eggs in one basket , but every American can afford $15 dollars a month. The point is how quickly the silver market could be depleted and the effects it would have on the financial world. 700 million ounces is not that much in the scheme of things. 10 billion could clean them out.
silverbird  (OP)

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05/26/2019 02:41 PM
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Re: If 300 million people bought 1 ounce of silver every month the us reserves would be depleted.
I lost mine in a boating accident just like everybody else.
BRIEF

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05/26/2019 02:41 PM

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Re: If 300 million people bought 1 ounce of silver every month the us reserves would be depleted.
Been hearing this rubbish since at least 2007, guess what?
If my uncle had tits and a pussy he'd be my aunt and that's never going to happen either. yawn
 Quoting: Anonymous Coward 73317399


We used to play this game in grade school...
I never forgive and I never forget

I am a licensed firearm holder. I will, under protection of law, use lethal force if attacked.

Briefcut4892
Anonymous Coward
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05/26/2019 02:42 PM
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Re: If 300 million people bought 1 ounce of silver every month the us reserves would be depleted.
What is the break even cost to get silver out of the ground?





GLP