Hi, ho... SILVER!

Racer88 said:
Silver is mostly a biproduct of gold and other types of mining. There aren't really any "silver mines." And I know that demand for silver is going up, up, up, due to its industrial applications.
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I think most mining requires refining of the mined "stuff" into components. My understanding is that there are a number of mines for which the primary product being mined is the silver. Silver is mined at Admiralty Island Alaska and gold is considered the biproduct.
 
brian said:
I think most mining requires refining of the mined "stuff" into components. My understanding is that there are a number of mines for which the primary product being mined is the silver. Silver is mined at Admiralty Island Alaska and gold is considered the biproduct.
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From Grok:

No, there are not many primary silver mines compared to overall silver-producing operations.

Primary silver mines — where silver is the main economic driver and accounts for the majority of revenue — are relatively scarce. Only about 20-30% of global silver supply comes from these mines, with the remaining 70-80% produced as a byproduct of mining other metals like copper, lead, zinc, or gold.

Recent data (2023-2024) highlights this:
  • Lists of the top primary silver mines typically feature 20-40 major operations, with a handful (e.g., Juanicipio in Mexico at ~18.6 Moz in 2024, or others like Dukat in Russia) dominating output.
  • The top 20 primary mines account for a large share of dedicated silver production, concentrated in countries like Mexico, Russia, Peru, and Poland.
  • Globally, while there are hundreds of mines that produce some silver, dedicated primary ones number in the low dozens at significant scale.
This scarcity reflects geological realities: pure silver deposits are rarer than polymetallic ones, making byproduct production the norm. For context, total world silver mine output is around 820-830 million ounces annually, but primary sources contribute roughly 230-250 million ounces.
 
What’s absolutely insane is the Ponzi scheme the banks have been using to “sell” silver or better yet, “lease” silver on paper to boost other banks’ ledgers. Criminal.

And BofA loses, I can’t recall the monstrous number, but hundreds of millions of dollars for each dollar value increase of silver.

They are already so upside-down they are inside-out, with no legitimate way for them to recover.

We have a modest position in silver that we started years ago and it’s only with real, physical custody- no silver on paper.
 
It's $81 right now!
 
One Ping Only said:
What’s absolutely insane is the Ponzi scheme the banks have been using to “sell” silver or better yet, “lease” silver on paper to boost other banks’ ledgers. Criminal.

And BofA loses, I can’t recall the monstrous number, but hundreds of millions of dollars for each dollar value increase of silver.

They are already so upside-down they are inside-out, with no legitimate way for them to recover.

We have a modest position in silver that we started years ago and it’s only with real, physical custody- no silver on paper.
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Can you 'splain that to me, Lucy? How does B of A lose money with the price of silver going up?
 
Racer88 said:
Can you 'splain that to me, Lucy? How does B of A lose money with the price of silver going up?
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I will bring that in as I don’t have it memorized as you can see. Lol
. Imo It likely has to do with the spot price of real hard assets vs what they have on the books that’s for lack of a better term, falsified. Vapor. This is one of the biggest, longest-running scandals of mkt manipulation in history.

And the bottom line is, there is not enough real silver to cover all that paper, let alone meet global demand both for investing as well as manufacturing, tech & industry. There is far far less silver than there is gold. BBIAB.
 
Though this report curiously doesn’t mention BofA, it does mention JPMC, HSBC, and a few others and explains what kind a shenanigans they have been pulling and costly the potential is for the consequences…and it’s happening right now. BoaA will be a bloodbath. You get thr jest of how and why here. I’ll see what else I can bring in. It’s solid info.

macperformanceguide.com

Could Silver Price Rise CRUSH the Banking System?

macperformanceguide.com
 
One Ping Only said:
Though this report curiously doesn’t mention BofA, it does mention JPMC, HSBC, and a few others and explains what kind a shenanigans they have been pulling and costly the potential is for the consequences…and it’s happening right now. BoaA will be a bloodbath. You get thr jest of how and why here. I’ll see what else I can bring in. It’s solid info.

macperformanceguide.com

Could Silver Price Rise CRUSH the Banking System?

macperformanceguide.com
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My wife just explained it to me (she has a background in this area), and told me that what you're saying is true. And the banks are all in cahoots with each other... for decades.... not a secret. But the price has gone up too much too fast for them the banks going long to cover the banks going short. No bueno for them!
 
Racer88 said:
And the banks are all in cahoots with each other... for decades.... not a secret.
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And if you and I did it, we'd be wearing orange and breaking rocks for decades.

Racer88 said:
But the price has gone up too much too fast for them the banks going long to cover the banks going short.
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There is a massive implosion happening right now. The walls are buckling. Their s*@t has caught up with them and now they have to eat it. I don't feel the least bit sorry for these bastards.
 
One Ping Only said:
There is a massive implosion happening right now. The walls are buckling. Their s*@t has caught up with them and now they have to eat it. I don't feel the least bit sorry for these bastards.
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Might be time to run to the banks! :eek: ;)
 
I started buying "junk" silver when I made the post about silver going over
50.00/ oz troy. My silver pusher uses: silverprice.org to find current spot price.
He then adds his 5% nick and it's yours. he uses goldprice.org for gold, same nick.
 
I'm familiar with them as well. Both as excellent and very competitive... you can't go wrong with either, IMO. Sometimes SD & sometimes JM has the edge. but generally they are within under a buck to a 2-3 dollar difference per 1oz Silver coin of the same year and type.. Shipping is also reasonable with SD....JM is likewise competitive. I may give JM a try just for grins.

We get our order FedEx two day for 14 bucks, irc. Yes I have the cheaper option of USPS Priority for about 9 bucks. OR you can pay more for faster shipping.

Method of payment (and quantity) also determines the price of a particular item(s).
 
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(10) 1 oz 2026 Canadian Silver Maple Leaf Coins
SD Bullion 825.90
JM Bullion 853.50

That right there is a sizable difference. Again, it varies. Both are good. I've been with SD for about 5 years. Always good prices, and fair shipping fees.
 
Well I ordered a 1oz. silver last night from JR Bullion. Will ship the 6th. Just dipping my toe into the river. The way I'm seeing is silver is just going up to the moon. A couple yrs ago I gave my Ed. Jones guy $20,000 to put in a cd and mentioned gold and he said nah don't do that. Now I know gold isn't the same as cd's etc. but I thought a little wouldn't hurt but listened. Gold was $2000. at the time, now $4500. Thanks for the advise from you guys here though.
 

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