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Title: Indian Silver Imports Set Record In 2022
Source: [None]
URL Source: https://www.zerohedge.com/personal- ... silver-imports-set-record-2022
Published: Jan 24, 2023
Author: Tyler Durden
Post Date: 2023-01-24 18:52:09 by Horse
Keywords: None
Views: 41
Comments: 6

The Indian government’s crackdown on the gold market has boosted silver investment...


Poster Comment:

India was playing fast and loose in ruble-gold payments for Russian oil. Over 30 tons of gold went into private hands. But this silver gain is good news because the cartel does not have as much money as Asian housewives.

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#1. To: Horse (#0)

Getting your hands on physical metal in my area is costing me 10 bucks over spot which is asinine. It’s not 10 bucks over spot for the order, it’s 10 bucks over spot for every ounce. So those $34.00 Silver Eagles are $44.00. Which is asinine as hell.

"Call Me Ishmael" -Ishmael, A character from the book "Moby Dick" 1851. "Call Me Fishmeal" -Osama Bin Laden, A character created by the CIA, and the world's Hide And Seek Champion 2001-2011. -Tommythemadartist

TommyTheMadArtist  posted on  2023-01-25   11:33:07 ET  Reply   Trace   Private Reply  


#2. To: TommyTheMadArtist, 4um (#1)

Getting your hands on physical metal in my area is costing me 10 bucks over spot which is asinine.

Last I looked, I think Au is running $100/oz over spot. Last time I turned in some coins to help a couple buddies out, Solly paid me over spot. He probably made one call and had a $700 profit before I got a cigarette lit in my truck.

I wouldn't be buying in this market.

“The most terrifying force of death comes from the hands of Men who wanted to be left Alone.
TRUE TERROR will arrive at these people’s door, and they will cry, scream, and beg for mercy…
but it will fall upon the deaf ears of the Men who just wanted to be left alone.”

Esso  posted on  2023-01-25   11:46:43 ET  Reply   Trace   Private Reply  


#3. To: Esso (#2)

Oh I am aware. It’s insane what people seem to think they can sell and buy it for. On one hand the spot price is 24 bucks. On the other, you’re paying for the premium coinage and of course the obligatory handling fee.

It’s all a scam I think.

"Call Me Ishmael" -Ishmael, A character from the book "Moby Dick" 1851. "Call Me Fishmeal" -Osama Bin Laden, A character created by the CIA, and the world's Hide And Seek Champion 2001-2011. -Tommythemadartist

TommyTheMadArtist  posted on  2023-01-25   16:15:55 ET  Reply   Trace   Private Reply  


#4. To: TommyTheMadArtist (#3)

It’s all a scam I think.

I did OK so far. I went in pretty hard around 2009 when the financial crisis was in full swing. I've never been out of the money including premiums, shipping, etc.

I got lucky. I've doubled my initial investment, but taking over a decade to do it is a pretty piss poor ROI in that time frame. You'd need about a 100% return/yr to keep up with Bidet's inflation right now.

“The most terrifying force of death comes from the hands of Men who wanted to be left Alone.
TRUE TERROR will arrive at these people’s door, and they will cry, scream, and beg for mercy…
but it will fall upon the deaf ears of the Men who just wanted to be left alone.”

Esso  posted on  2023-01-25   16:34:36 ET  Reply   Trace   Private Reply  


#5. To: Esso (#4)

Not even a joke. I am in a pretty decent position right now after doing some pretty smart things.

"Call Me Ishmael" -Ishmael, A character from the book "Moby Dick" 1851. "Call Me Fishmeal" -Osama Bin Laden, A character created by the CIA, and the world's Hide And Seek Champion 2001-2011. -Tommythemadartist

TommyTheMadArtist  posted on  2023-01-27   23:58:33 ET  Reply   Trace   Private Reply  


#6. To: TommyTheMadArtist (#5)

Not even a joke. I am in a pretty decent position right now after doing some pretty smart things.

Yeah, it's weird. The worse Bidet fucks shit up, the better I'm doing.

I suppose it's to be expected, I've been preparing for the end of the country for a long time.

“The most terrifying force of death comes from the hands of Men who wanted to be left Alone.
TRUE TERROR will arrive at these people’s door, and they will cry, scream, and beg for mercy…
but it will fall upon the deaf ears of the Men who just wanted to be left alone.”

Esso  posted on  2023-01-28   11:29:16 ET  Reply   Trace   Private Reply  


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