Domain: tiger-web1.srvr.media3.us Silver Bugs thread: Silver up 12% for the week on Black Friday started the journey | Page 50 | Money Talk
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re: Silver Bugs thread: Silver up 12% for the week on Black Friday started the journey

Posted on 2/3/26 at 6:06 am to
Posted by Tantal
Member since Sep 2012
19618 posts
Posted on 2/3/26 at 6:06 am to
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 by Lsut81
Member since Jun 2005
84234 posts
Posted on 2/3/26 at 8:26 am to
Up almost 10% this morning... Lets see how much it claws back now that the selloff seems to have subsided.
Posted by Tantal
Member since Sep 2012
19618 posts
Posted on 2/3/26 at 8:55 am to
quote:

Lets see how much it claws back now that the selloff seems to have subsided.

I'm a long-term physical investor. I think the massive dip just forced out the leveraged paper-holders. If it dips hard again, I'm buying more.
Posted by THRILLHO
Metry, LA
Member since Apr 2006
50329 posts
Posted on 2/3/26 at 9:00 am to
Posted by Rankest
Alpine
Member since Aug 2025
346 posts
Posted on 2/3/26 at 10:40 am to
Gold back over $5000
Posted by Pimphand
Member since Sep 2021
4659 posts
Posted on 2/3/26 at 11:16 am to
quote:

I think industrial demand will provide a solid floor


These dipshidiots can rig the price to -$40 like they did oil

The only thing that will provide a stable floor is the killing of the COMEX and going to a true cash and carry physical market where real price discovery can happen.

The good news is Black Friday seems to have woken up some of the normies.
Posted by Kjnstkmn
Vermilion Parish
Member since Aug 2020
21065 posts
Posted on 2/4/26 at 8:12 am to
Put $13K of silver & gold (90% silver) on a new 15 month interest free AMEX card in the last week before they put the card on hold pending a financial review and prevented me from using the rest of the limit to continue buying the dip yesterday. Guess they didn’t like how I was using it.

Coin shop had a brutal up charge for AMEX (6.75% vs 3.75% for Visa/MC), but bought anyway. I’m officially all in.


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This post was edited on 2/4/26 at 8:14 am
Posted by Lsut81
Member since Jun 2005
84234 posts
Posted on 2/4/26 at 8:16 am to
We're back up over $92...
Posted by TigerDeBaiter
Member since Dec 2010
10713 posts
Posted on 2/4/26 at 8:48 am to
quote:

Put $13K of silver & gold (90% silver) on a new 15 month interest free AMEX card in the last week before they put the card on hold pending a financial review and prevented me from using the rest of the limit to continue buying the dip yesterday. Guess they didn’t like how I was using it.

Coin shop had a brutal up charge for AMEX (6.75% vs 3.75% for Visa/MC), but bought anyway. I’m officially all in.





Don’t think you’re going to like it either… you probably paid ten bucks over spot at least, plus the CC fee, plus you’re probably getting a fee for using the 0%

This is exactly how bag holders are made at the topping of an unsustainable run.

Also, you do realize “mine baby mine” would lower prices, right?
Posted by Bard
Definitely NOT an admin
Member since Oct 2008
58563 posts
Posted on 2/4/26 at 8:59 am to
quote:

Also, you do realize “mine baby mine” would lower prices, right?


I hope he bought miners as well.
Posted by ronricks
Member since Mar 2021
11515 posts
Posted on 2/4/26 at 9:15 am to
quote:

new 15 month interest free AMEX card


Still waiting on my 21 month interest free Wells Fargo card to show up. They said I can use half before it arrives but knew if I did they will put a hold on it so waiting for it to show up. Will purchase some gold/silver on it.
Posted by Pimphand
Member since Sep 2021
4659 posts
Posted on 2/4/26 at 10:58 am to
quote:

We're back up over $92...


And we're about to head back below $85
Posted by KCSilverTiger
KCMO
Member since Sep 2022
1037 posts
Posted on 2/4/26 at 11:41 am to
Always funny watching the price go up when the American market closes then back down when they are open. They giveth and they taketh away.
Posted by Kjnstkmn
Vermilion Parish
Member since Aug 2020
21065 posts
Posted on 2/4/26 at 12:31 pm to
Posted by Kjnstkmn
Vermilion Parish
Member since Aug 2020
21065 posts
Posted on 2/4/26 at 12:35 pm to
Yes, I realize with the coin shop premium plus the brutal AMEX fee, I paid $9 over, but spot was $79 so I’m good with that as I expect silver to reach $150+ long before my interest free period ends next year.

Didn’t have any powder left re cash but wanted in deeper so this worked for me.


If not I’ll take my loss.

Indeed I am also very heavily invested in miners, that’s where all my cash powder went.

Mine baby mine won’t make a difference for several years, long after I’ve taken profits.

New mines take years (7+ ) to go into production and even red tape reduction will not shorten that ramp up timeframe enought to make any difference within the next year or two.
This post was edited on 2/4/26 at 12:37 pm
Posted by lsuconnman
Baton rouge
Member since Feb 2007
4773 posts
Posted on 2/4/26 at 12:46 pm to
quote:

Yes, I realize with the coin shop premium plus the brutal AMEX fee, I paid $9 over, but spot was $79 so I’m good with that as I expect silver to reach $150+ long before my interest free period ends next year.


This idea is even worse than the HELOC discussions floating around last year.
Posted by Kjnstkmn
Vermilion Parish
Member since Aug 2020
21065 posts
Posted on 2/4/26 at 12:52 pm to
Big government going through a lot of trouble to find out about your silver gains for the price to just blow off top back down to old levels:

Edit: fake news / FUD

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This post was edited on 2/5/26 at 5:18 pm
Posted by Kjnstkmn
Vermilion Parish
Member since Aug 2020
21065 posts
Posted on 2/4/26 at 1:18 pm to
Posted by TigerDoug
Lees Summit
Member since Mar 2017
829 posts
Posted on 2/4/26 at 1:36 pm to
That looks like click bait to me. I see no new changes starting February 15th.

Here is a link from JM Bullion on reporting

LINK JM Bullion - Precious Metals Reporting
Posted by ronricks
Member since Mar 2021
11515 posts
Posted on 2/4/26 at 1:46 pm to
quote:

This idea is even worse than the HELOC discussions floating around last year.


I thought that too. 6 months ago a co worker opened up a 0% 15 month credit card and bought $20k in gold American Eagles on it. I thought he was an idiot. He wasn't.
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