TLDR Reddit Mentions | ChartExchange

hey, sorry it took me so long to respond. I've been watching the metals markets since 2011...so here is the insight i have personally. 1) there is a nitric acid shortage, if you were attempting to offload to refiner, you're not going to get nearly the value because nobody's taking it so you're gonna take a bath and like the majority of the value of it, when it comes to things like this, this is not only collectible, but there is a market if you really want to get the highest value I would go for an antique auction I've seen sets like this go for like upwards of $18,000 and that was when silver was still around like $65-$70 an ounce were waving on that so just keep that in the back of your head anyone telling you different hasnt been paying attention and doesnt know the market that well. hey sell to refiners who arent buying so they will low ball you. its goint to take SEVERAL months for the market to give you fair value. but:
[the comex] is the entity that sets prices in shops in america- they go off kitco. and its fluctuating alot but here is my comex insight
-113 million oz in registered (show room floor)
-eligible = cold storage not for sale.
the amount of authorized participants removing register to eligible or just straight up removing from eligible is more than its been in 30 years.
- I'm sure you heard the trope of a structural deficit but here's the thing statistically. Silver is mined 7 ounces to 1 ounce of gold. It used to be 15 to 1 ounce of gold. There are no primary silver. There's no direct way to get all of the military and AI and electrical contacts and EV's there's just not enough silver to go around... literally. silver is mine as a byproduct of zinc copper gold and I think like maybe two other metals.
-no one will admit it, but we are literally in a resource war right now. Look at the news. Nobody is saying it because it would cause absolute panic and the commodities market and you want to know what you do when you're trying to buy something that you know is very valuable you do it quietly you tell no one that that's what you're actually looking for you know you kind of buried and like oh we need rare earth, neither rare nor earths...
- the United States said point blank outright we need silver or we're low on silver judging by the fact that it's used for tomahawk missiles we need it for chips. It's the best electrical conductor and we need it for the "AI revolution." there is no price that actually fits the utility in the scarcity right now. It has been a commodity for the longest time because it didn't really have a use but now it does and now everyone's trying to scoop up as quietly as possible, but there's also countries that are involved in BRICS and other sovereign, wealth, funds, and central banks of different governments that have been buying up silver quietly but right now it's not quiet anymore.
-so much of old stuff will be melted in the next few months leading up to summer that actual full sets of silverware will not exist so the people who want it and will pay money for it. It's going to catch such a high premium. You would be kicking yourself later in the year if you try to do anything to it right now do not try to sell high. That's insane right now. I'm not a financial advisor, but I don't give a fuck because telling you different is just trying to get quick cash.
the first biggest delivery month is normally march- and nor january and in january we have over 9k 5,000 oz bar deliveries in a market that typically does 1-2k in january...
Even if somebody made a major silver discovery- it still takes 5 to 10 years to get a mind off the ground and you don't even understand how difficult mining actually is because it involves font lines and just a lot of complex geology issues.
I can't really too long Don't read this. (TLDR)
Because it has taken me a very long time to convince people in my family and people that I've been involved with to just invest in fucking silver if you happen upon a gold mine like this... you don't have any reason that you need it just keep it please.

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