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Started By
Message
re: Silver Bugs thread: Silver up 12% for the week on Black Friday started the journey
Posted on 2/7/26 at 12:43 am to Pimphand
Posted on 2/7/26 at 12:43 am to Pimphand
Good analysis on recent trends.
Though, going back to prior performance shows that the Silver market lacks overall stability. It's a playground of shenanigans and traders looking to dip in and out. SLV stock in particular is loaded with traders that treat it like an average stock.
Gold isn't like that and you can see it played out in the GSR.
We need to see a market molded into an actual physical reality with Ag. The derivatives market in Silver needs a massive overhaul IMO.
SOAP BOX MOMENT
To any lurkers or new stackers in here: Buy the coins or bars that you like for the best premium possible. Enjoy building a physical collection. Don't look at it as anything more than a long scheme foundation to your portfolio. Try not to obsess over price so much and just build exposure to the market. Physical precious metals reward patience.
You're quite literally buying the most proven monetary assets in human history (Outside of real estate).. don't look to buy bullion in order to flip it like you would a stock. It's a process.
If you don't want to stack physical, Id advise you to buy the mining ETFs over bullion funds. If prices remain strong these companies are going to start printing.
Though, going back to prior performance shows that the Silver market lacks overall stability. It's a playground of shenanigans and traders looking to dip in and out. SLV stock in particular is loaded with traders that treat it like an average stock.
Gold isn't like that and you can see it played out in the GSR.
We need to see a market molded into an actual physical reality with Ag. The derivatives market in Silver needs a massive overhaul IMO.
SOAP BOX MOMENT
To any lurkers or new stackers in here: Buy the coins or bars that you like for the best premium possible. Enjoy building a physical collection. Don't look at it as anything more than a long scheme foundation to your portfolio. Try not to obsess over price so much and just build exposure to the market. Physical precious metals reward patience.
You're quite literally buying the most proven monetary assets in human history (Outside of real estate).. don't look to buy bullion in order to flip it like you would a stock. It's a process.
If you don't want to stack physical, Id advise you to buy the mining ETFs over bullion funds. If prices remain strong these companies are going to start printing.
This post was edited on 2/7/26 at 1:26 am
2
Posted on 2/7/26 at 7:55 am to Pimphand
Pimp and FS, And any others that have been advocates for PMs in this thread:
I caught on to this thread late and would like to know a little bit more.
My father got scammed by Rosland Capital when he had dementia back in 2016.....pretty bad too. They will not return my calls. Basically they sold him gold for 6k an ounce then bought it back for 3k in 2918 "for 1000 over spot".
However, he still had some "Cook Island" 1/4 oz coins that arent obviosly 1 oz Rands or Eagles. BUt I assume they still have similar bullion value and are individually packaged in plastic hard blisters.
My question is this:
Do these foreign coins pose a problem for taxes (I believe some can be sold without capital gains but some coins are not exempt...i may be wrong).
ALSO another question in the next reply>
I caught on to this thread late and would like to know a little bit more.
My father got scammed by Rosland Capital when he had dementia back in 2016.....pretty bad too. They will not return my calls. Basically they sold him gold for 6k an ounce then bought it back for 3k in 2918 "for 1000 over spot".
However, he still had some "Cook Island" 1/4 oz coins that arent obviosly 1 oz Rands or Eagles. BUt I assume they still have similar bullion value and are individually packaged in plastic hard blisters.
My question is this:
Do these foreign coins pose a problem for taxes (I believe some can be sold without capital gains but some coins are not exempt...i may be wrong).
ALSO another question in the next reply>
Posted on 2/7/26 at 7:56 am to FAT SEXY
Yep, agree with this. Physical stackers and paper traders usually have different mentalities, different goals.
Physical - hard asset, protection against debasement, hedge
Paper - ease of trading, easier to understand, ( but like sexy said, miners are the way to go currently) This market is bifurcated.
Physical - hard asset, protection against debasement, hedge
Paper - ease of trading, easier to understand, ( but like sexy said, miners are the way to go currently) This market is bifurcated.
Posted on 2/7/26 at 7:59 am to dstone12
PH and FS and anyone else that wants to answer,
Gold and silver just went on a dang run, and the subsequent dip has newbies discouraged.
But my education about the US Dollar is that it is in trouble. Silver and gold stackers are seeing this dip possibly as just a joke/blip when you might just see another memorable run up to maybe 6k for gold and maybe even 300plus for silver. Could be more but could be less and takes a while. And i just pulled those numbers jokingly out of my head. I have no experience with this.
WHat are some bull/bear/base predictions you have for PMs?
Gold and silver just went on a dang run, and the subsequent dip has newbies discouraged.
But my education about the US Dollar is that it is in trouble. Silver and gold stackers are seeing this dip possibly as just a joke/blip when you might just see another memorable run up to maybe 6k for gold and maybe even 300plus for silver. Could be more but could be less and takes a while. And i just pulled those numbers jokingly out of my head. I have no experience with this.
WHat are some bull/bear/base predictions you have for PMs?
Posted on 2/7/26 at 8:54 am to dstone12
Regarding the Cook Island bullion coins, they are still being minted and still being collected.
For a small quantity, local coin shop.. For a larger quantity, mebbe the online dealers.
Federal tax - Cap gains tax applies. Buyer must issue 1099-B form to seller if total transaction is more that $10K. The exception is ASEs … they are non-taxable.
State Tax - varies by each state. Obviously the $10k trigger applies here also.
For a small quantity, local coin shop.. For a larger quantity, mebbe the online dealers.
Federal tax - Cap gains tax applies. Buyer must issue 1099-B form to seller if total transaction is more that $10K. The exception is ASEs … they are non-taxable.
State Tax - varies by each state. Obviously the $10k trigger applies here also.
This post was edited on 2/7/26 at 8:56 am
Posted on 2/7/26 at 10:04 am to Tantal
quote:Where do you buy from?
I bought another 100 oz. on Saturday morning at $86. Already in the black on those. If we see another dip, especially below $75, I'll buy even more. I think industrial demand will provide a solid floor.
Posted on 2/7/26 at 10:06 am to FAT SEXY
quote:Where is the best place to buy silver at the best premium?
SOAP BOX MOMENT
To any lurkers or new stackers in here: Buy the coins or bars that you like for the best premium possible. Enjoy building a physical collection. Don't look at it as anything more than a long scheme foundation to your portfolio. Try not to obsess over price so much and just build exposure to the market. Physical precious metals reward patience.
You're quite literally buying the most proven monetary assets in human history (Outside of real estate).. don't look to buy bullion in order to flip it like you would a stock. It's a process.
If you don't want to stack physical, Id advise you to buy the mining ETFs over bullion funds. If prices remain strong these companies are going to start printing.
Posted on 2/7/26 at 10:34 am to NOSHAU
quote:
Where is the best place to buy silver at the best premium?
Usually you will get better deals at your LCS however if you are going to buy online hit up findbullionprices.com
Posted on 2/7/26 at 10:38 am to dstone12
quote:
My father got scammed by Rosland Capital when he had dementia back in 2016.....pretty bad too. They will not return my calls. Basically they sold him gold for 6k an ounce then bought it back for 3k in 2918 "for 1000 over spot".
frick! shite like that pisses me the eff off sorry to hear about that dstone.
quote:
Do these foreign coins pose a problem for taxes (I believe some can be sold without capital gains but some coins are not exempt...i may be wrong).
I'm not sure if the rules are still the same but back when I was selling the rule of thumb was you had to sell either >= 1,000 ozt of silver or >= $1,000 FV of 90% silver (~715 ozt) before the buyer was required to make you fill out a 1099B.
If you exceed those thresholds I would just sell them in blocks instead of in one fell swoop.
Posted on 2/7/26 at 10:52 am to dstone12
quote:
WHat are some bull/bear/base predictions you have for PMs?
So far for 2026 in 5 weeks and 2 days silver is up over 8% and that includes one day where they beat the price down ~$45 and another where they beat the price down ~$19
That's a stunning amount of volatility but to still be up over 8% during that window of time is staggering. The bearish case is the riggers are still very net short see this video from David Morgan last night
Those assholes are going to cause as much chaos and damage to unwind those positions as possible so there is absolutely risk over the short term even in a "counterparty risk free asset". Silver in your hand is counterparty risk free but sadly we still grant credence to the paper price and that ish is heavily rigged by liars, cheats, and thieves for the time being.
If the paper price control is broken and the asset rehypothecation scheme finally comes collapsing down you will finally see real price discovery in real markets and that will melt people's faces when it finally happens.
In the meantime the bullish sentiment comes from a multitude of factors...
1) Silver has been in a massive industrial deficit for the past 5 years and the rate is going to far outstrip any new mining coming online
2) Silver is currently mined out of the ground at a 7:1 ratio to gold but currently the gold/silver ratio is ~64.59 so almost 10x the geological ratio
3) Silver is heavily used in industry and not recycled where pretty much all gold pulled out of the ground is turned into coins, bullion, jewelry, and put in vaults/storage
cadillacattack has a chart a couple (maybe many by now) pages back where based on what the gold/silver ratio is whether you should buy gold, buy silver, trade silver for gold, trade gold for silver, etc. That's pretty handy and a good place to start.
The general rule of thumb is if you want to preserve wealth buy gold because it is far less volatile. If you can handle some speculation and are willing to gamble and can ride the volatile wave the upside on silver when the COMEX & LBMA finally go down will probably give you multiples of gains on what gold may do just know it won't be a straight line.
Posted on 2/7/26 at 1:49 pm to Pimphand
quote:
cadillacattack has a chart a couple (maybe many by now) pages back where based on what the gold/silver ratio is whether you should buy gold, buy silver, trade silver for gold, trade gold for silver, etc. That's pretty handy and a good place to start.
The chart is on Page 23
Posted on 2/7/26 at 1:56 pm to TigerDoug
quote:
I can confirm this. Done several sales with JM Bullion. Most current one initiated Jan 9th and still waiting. Will update when $ received
Started process with JM Bullion on Jan 9th. They received the coins on the 16th. Finally paid on Feb 5th. Way longer than previous sales.
If selling to online dealers make sure to check around for best price. JM Bullion has terrible prices if you're selling silver overall. Monument Metals was way better on silver
Posted on 2/7/26 at 1:56 pm to dstone12
I'm not going to try and predict price. What's the old adage? "Markets can remain irrational longer than you can remain solvent."
It's a long game, not a get rich quick scheme. I did sell some less pure stuff recently, but the bulk of my stack is a multi-decade hold.
M2 Money Supply Chart
As long as that keeps going up and the demand for Silver remains (or increases) in this ever expanding technological society we find ourselves in, then price can only trend upwards
It's a long game, not a get rich quick scheme. I did sell some less pure stuff recently, but the bulk of my stack is a multi-decade hold.
M2 Money Supply Chart
As long as that keeps going up and the demand for Silver remains (or increases) in this ever expanding technological society we find ourselves in, then price can only trend upwards
Posted on 2/7/26 at 2:13 pm to TigerDoug
quote:
Started process with JM Bullion on Jan 9th. They received the coins on the 16th. Finally paid on Feb 5th
Holy shite!
Thanks for following up though
Posted on 2/7/26 at 2:53 pm to FAT SEXY
If your investment strategy is based on the USD collapsing, investing in bullets, MREs, and a system for clean drinking water is a much wiser investment than silver or gold.
Posted on 2/7/26 at 3:07 pm to TigerDoug
quote:
The chart is on Page 23
I just copied and pasted. This was strictly brought here by Cadillacattack and I am in no way, shape, or form trying to steal his valor.
Posted on 2/7/26 at 3:13 pm to SlowFlowPro
I have all that stuff too*. I have a lot of "preps".. but it's not from a doomsday angle really. I seal dry goods I buy in bulk in mylar. I have hundreds of pounds of rice, sugar, beans etc that I secured years ago at much lower prices than they're at now. I consume and rotate accordingly. Sugar and salt last forever if stored properly.
*I do want to build a rain catch system. Again, not from a doomsday standpoint, but more because I find stuff like that fun and it could pay for itself.
FF - Instant Coffee granules can last for 20+ years sealed in mylar. It's nearly doubled in price since the last big set that I sealed. Regular coffee grinds don't hold nearly as long.
I'm not envisioning the apocalypse, but rather a continuous trickle of value leaving the dollar. The can just keeps getting kicked.
*I do want to build a rain catch system. Again, not from a doomsday standpoint, but more because I find stuff like that fun and it could pay for itself.
FF - Instant Coffee granules can last for 20+ years sealed in mylar. It's nearly doubled in price since the last big set that I sealed. Regular coffee grinds don't hold nearly as long.
I'm not envisioning the apocalypse, but rather a continuous trickle of value leaving the dollar. The can just keeps getting kicked.
This post was edited on 2/7/26 at 3:17 pm
Posted on 2/7/26 at 3:18 pm to TigerDoug
quote:
Started process with JM Bullion on Jan 9th
I drive down I-4 to Lakeland. There is a coin and jewelry shop on Kathleen rd. He has a history of selling at spot and buying $4 back of spot. I know that for some of the crazy highs he was robbed and was going $5 back of spot afterwards.
He is a very above-board kind of guy and there is no such thing as waiting for your money. I am sure everybody has something similar close. As of right now, JMB is $6-16 back of spot, depending on product.
Posted on 2/7/26 at 4:08 pm to SlowFlowPro
quote:
If your investment strategy is based on the USD collapsing, investing in bullets, MREs, and a system for clean drinking water is a much wiser investment than silver or gold.
I hate to break it to you but the USD has been in collapse since we let them create the creature at jekyll island.
Remember even when the Weimar Republic went full tilt hyperinflation in 1923 you were able to live comfortably if you had gold and silver it was just the paper marks that blew up. Yes it is good to have those things around to defend your stash and the assets you trade for them which I do.
Now if we get into an extended grid down zombie survivalism apocalypse then I will gladly ride the lightning and go back to the astral plane I'm too old to give a shite about that stuff.
Posted on 2/7/26 at 4:30 pm to beaverfever
quote:
I’m buying as much PT as I can sub 2k.
I started dipping my toe in SPPP after Pandora announce it would start offering platinum plated jewelry as an alternative to silver.
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