Silver Prices Hitting the Roof

[Mono1]

Some of us won't be there by then. We have to enjoy what we can before then.

Probly Me Too Bro'!

In the Meantime...

"This Is The Finale Of The Great Financial Reset"; 'Dr.Gold' Warns They're Gobbling Up All The Physical Supply<!-- --> | ZeroHedge

ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero

www.zerohedge.com

 

[parallax]

.....

 

[gmerkt]

In the Meantime...

I have said before, including here, that a financial reset is needed to bring things back to a state of equilibrium. And some pain will be required from and result in such a reset. I say now, I just hope it isn't as dire as some predict.

However, considering the amount of credit that has been created in innumerable forms, mere belt tightening, balancing of budgets, and overhaul of budget processes may not be enough to right the ship. What may be required is a great deal of financial tumult.

 

[Knobgoblin]

I have said before, including here, that a financial reset is needed to bring things back to a state of equilibrium. And some pain will be required from and result in such a reset. I say now, I just hope it isn't as dire as some predict.

However, considering the amount of credit that has been created in innumerable forms, mere belt tightening, balancing of budgets, and overhaul of budget processes may not be enough to right the ship. What may be required is a great deal of financial tumult.

Agree with everything.
Also add the fact that so many new ways have been added to insulate the few from the misery of the many.

 

[jbett98]

Being healthy and debt free is a good feeling at times like these.

 

[Alexx1401]

Never Sell.



Ultimate High will be 2032.

I will be lucky to still be alive by then

 

[Alexx1401]

Some of us won't be there by then. We have to enjoy what we can before then.

The metal I bought served its purpose VERY well. As I have been selling it off its never bothered me a bit that price keeps going up. I took money we had sitting that was losing value, turned it into metal, which made money. Often over double in a few years. I really was NOT expecting to come out this well so I am more than happy as I sell it off.

 

[gmerkt]

The metal I bought served its purpose VERY well. As I have been selling it off its never bothered me a bit that price keeps going up. I took money we had sitting that was losing value, turned it into metal, which made money. Often over double in a few years. I really was NOT expecting to come out this well so I am more than happy as I sell it off.

I chipped away at my stack a little. I traded for more gold, and cash. More than enough to buy the new Ford Bronco that I've wanted (and mentioned in another thread). I've been looking at them again, more seriously. I ruled out the Bronco Sport, no way am I going to buy a 3 cylinder anything. It's AWD, but basically a front wheel drive, unit body vehicle. You can get a bigger 4 cyl. engine in it in the premium models, but the vehicle is still basically like a FWD import. I've also considered a Maverick, but it's built like the Bronco Sport. So for now I've circled back to the senior Bronco. Gas mileage on those is crummy. The conflict is, there is what I SHOULD buy, and what I WANT to buy. The issues of practicality. With the senior size Bronco, I'm not going rock crawling, am I? But that's the vehicle I want for other reasons. Mrs. Merkt says, "Buy what you really want."

In any case, free Bronco. If the silver price keeps going skyward, I may sell some more big bars. The issue becomes, where to spend money that I don't need. I may give some away to my adult kids for the here and now.

 

[Cavedweller]

A few notes about "The Asian Guy" on YT.

He popped up in my recommended list a few days ago for unknown reasons, perhaps because I had searched for the current price of gold eagles recently. I was impressed by his thorough knowledge of market dynamics and current info on price trends. Then I noticed that he was appearing with increasing frequency several times a day. After doing a little basic internet sleuthing (very basic, mind you) I found that he had not one, but three YT channels ("Currency Archive", "Final Wealth Warning", and "The Exposure Index." ) These channels began posting only recently; 3 weeks, 11 days, and 8 days ago, respectively, each churning out 2 videos a day with updated and slightly different content.

So, I'm thinking there's no way this is a one man operation. Not with the script writing, graphic production, and recording of 30+ minute videos for 3 channels 2X each a day. Then I noticed he never changes clothes. How many white shirts does he have and who irons them?

So I Google "Who is The Asian Guy on YT" and the AI answer says that he is an AI generated personality. This appears plausible as the videos are a bit herkyjerky . I was thinking maybe they were just edited, but now I'm thinking they are AI, as the guy has been wearing the same shirt for 3 weeks, apparently.

Now, I am not disputing any of the info in the videos, as they appear to be accurate and perfectly logical to me, but at this point, I am thinking The Asian Guy is not a real person. Here is what Google Ai says about him:

The "Asian guy" who appears in numerous YouTube videos providing silver market commentary is widely theorized to be an AI-generated persona, rather than a real individual or a single specific person with a known public name.
The videos, which have appeared across various channels, utilize the same AI-generated Asian man reading a script. The content is often used for cheap monetization and pushes a strong silver-bullish narrative, sometimes even constructing fake news, leading many in the silver stacking community on platforms like Reddit to consider the content as suspect or a potential "pump and dump" scheme. Therefore, there is no single "The Asian Guy" individual commentator to identify by a real name or a specific, verifiable channel.

Now, I haven't been able to identify any "fake news" in the vids, nor do I believe it's a "pump and dump" scheme, as he does not advise buying, only holding physical metal if you own it for bigger gains, nor does he appear to be working for any particular seller. But he does not appear to be a real person, IMO. Nobody has that many white shirts, unless his family owns a Chinese laundry or something (no offense ).

So, now I'm wondering, who would be behind this?

 

[gmerkt]

So, now I'm wondering, who would be behind this?

Good investigating on your part. The flashy, sensationalist presentation is enough to urge caution in belief. Not that I'm saying everything he says is wrong, I just don't like to be prodded into a stampede. If enough of this is going on online, the influence upward might not be inconsiderable. So it's possible an effort to pump prices is behind it. "Influencers" are a real thing.

There is real danger in AI. Because many people find it perfectly believable. My son was just telling me yesterday, "Watch out what you watch online. There is lots of AI fakery being posted." This is the kind of stuff that can bring about the fall of nations.

 

[made in china]

I chipped away at my stack a little. I traded for more gold, and cash. More than enough to buy the new Ford Bronco that I've wanted (and mentioned in another thread). I've been looking at them again, more seriously. I ruled out the Bronco Sport, no way am I going to buy a 3 cylinder anything. It's AWD, but basically a front wheel drive, unit body vehicle. You can get a bigger 4 cyl. engine in it in the premium models, but the vehicle is still basically like a FWD import. I've also considered a Maverick, but it's built like the Bronco Sport. So for now I've circled back to the senior Bronco. Gas mileage on those is crummy. The conflict is, there is what I SHOULD buy, and what I WANT to buy. The issues of practicality. With the senior size Bronco, I'm not going rock crawling, am I? But that's the vehicle I want for other reasons. Mrs. Merkt says, "Buy what you really want."

In any case, free Bronco. If the silver price keeps going skyward, I may sell some more big bars. The issue becomes, where to spend money that I don't need. I may give some away to my adult kids for the here and now.

My friend, I'm heavy into the automotive industry. Do not even consider the Bronco Sport, I know you said it is an unlikely option for you, but you should permanently delete that option. The Ecoboost 3 and 4 cylinder engines are absolute trash, and modern vehicles are ridiculously expensive to fix after warranty.

The Bronco is worth getting, it's about as reliable as a modern Ford can be, just be sure to get an extended warranty. 95% of extended warranties will leave you hanging, so whatever extended warranty options are available to you when go Bronco shopping, take more than enough time to research the warranty company thoroughly. Two key things to search for are:
1. Warranty refund, will they refund your money if they decline to pay for an expensive repair, or if you never need it, will they refund all or a portion of the warranty purchase price upon expiration.
2. Reputation of a warranty company for declining repairs, the most common extended warranty companies are notorious for high decline rates. Once you begin researching these companies you'll see all the petty reasons they cite to get out of their obligation. Their fine print is bad enough, but how they interpret it is even worse. That goes back to #1, if/when they decline, you'll want to be sure you can cancel the warranty and be refunded.

I say this not to bash on Ford, it's the entire industry now. All vehicles are are statistically less reliable than 15 years ago, even Toyota. And they're all far more complicated and expensive to repair. And most brands have issues with parts availability, many of us think the parts issues may be intentional. There's a few brands not doing the parts scarcity thing, but most are, and I highly doubt you even want one of those few brands, but make sure to CYA when buying a new vehicle. I hate to see someone's big "treat yourself" moment end up being disappointing.

 

[Bobbygun]

95% of extended warranties will leave you hanging

I NEVER buy the extended warranty on autos for that very reason. Then, about 15 years ago I worked in the accounting department at a dealership and saw how much of that extended warranty fee went directly into the finance manager's pocket. It was basically a 50/50 split. That told me it was way overpriced.

 

[GrayGoose]

Never Sell.

Not selling mine, just trading it for money.

 

[made in china]

I NEVER buy the extended warranty on autos for that very reason. Then, about 15 years ago I worked in the accounting department at a dealership and saw how much of that extended warranty fee went directly into the finance manager's pocket. It was basically a 50/50 split. That told me it was way overpriced.

I bought a 1995 Acura Legend and got a 8yr/100k extended warranty for it. Back then, these things must have been more honest, because I was a stupid 20 y/o kid who was financially illiterate, to be honest, just really excited that I could afford such a car.
I had that car about 10 years, and it never once needed a repair. On the 8th year, I received a check in the mail for $2,000 from some company I never heard of. I thought it was a joke, but then I realized that they had refunded me the entirety of my warranty because I never needed it. I suppose they treated that money like an investment and made interest on it on their end.

I think in 2025 this would be unheard of, both the returned money and a car that could go 8 years without needing to be repaired!

I don't do extended warranties anymore, most will rip you off and flake out first time you need it. If I want a statistically unreliable vehicle, I lease. If I get a newer vehicle for long term, I consider if it's something I can repair myself outside of warranty.

 

[coltemp]

Getting back to the topic at hand before we get off onto another topic completely. (Though great info!)

Made this comment over on the other thread. We could be seeing a reset especially if we are finally going to see the paper market completely lose control of the spot. Where we are could indeed be 2008 or the gamestop scenario all over again.

Want to see what happens when the paper market implodes? You only need to look at the subprime mortgage mess from the 2008 financial crisis.

Another perfect example is look what happened with Gamestop a couple of years ago. The shorts carrying paper got into trouble when the raiders started buying shares. Pretty soon those shorts were gobbling up shares at any price to cover themselves. Then the brokers changed the rules to slow the bleeding for the big hedge funds that had been shorting with paper and not the actual shares.

That is basically where we are with Gold and Silver. Silver in particular. The warehouses are getting low. The unallocated pile is getting much smaller. And the paper market is starting to get antsy.

 

[Camelfilter]

A few notes about "The Asian Guy" on YT...So, now I'm wondering, who would be behind this?

China &/or N Korea. Regardless of which (or who), likely state sponsored. To attempt to destabilize all &/or other economies.

IMO.

 

[gmerkt]

All vehicles are are statistically less reliable than 15 years ago, even Toyota. And they're all far more complicated and expensive to repair.

This worrisome idea has been lurking in the back of my mind.

Thanks for the ideas re. extended warranties.

saw how much of that extended warranty fee went directly into the finance manager's pocket.

Years ago, I came to the conclusion that dealing with the finance guy was another layer of salesmanship.

 

[Bobbygun]

Years ago, I came to the conclusion that dealing with the finance guy was another layer of salesmanship.

Oftentimes that's where the real money is made. Particularly for the individual you're dealing with.

 

[coltemp]

View: https://www.youtube.com/watch?v=wYhWaV3TREg


This has got to be one of the best videos I have seen in a long time that explains in easy to understand terms why the price of Silver is exploding. Most of the concepts listed in the thread so far are actually very simply explained. Going to be interesting to see how correct they are.

 

[Alexx1401]

View: https://www.youtube.com/watch?v=wYhWaV3TREg


This has got to be one of the best videos I have seen in a long time that explains in easy to understand terms why the price of Silver is exploding. Most of the concepts listed in the thread so far are actually very simply explained. Going to be interesting to see how correct they are.

Not going to spend time watching some youtube, but if silver ever drops to the 20's again? I will again buy some. Will have to buy in ID but since we have kids there that will be easy. If it does end up back at those prices again someone is going to take a hit in the shorts who was buying at todays prices