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The evil paper traders are your precious metal dealers - Page 2
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Thread: The evil paper traders are your precious metal dealers

  1. #11
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    Quote Originally Posted by chroNick View Post
    Why are you talking about options? I was talking about buying/shorting a futures contract. It doesn't cost $50. For my broker, its $2.50 per side, so $5.00 for a round turn for one transaction, which is dirt cheap, and there are different sizes you can short from the standard contract to the mini contract. You can even use SLV as a vehicle to short, and pay $1.00 per side in some discount brokerages. Obviously shorting SLV for 5oz wouldn't make much sense, but any bullion dealer that sells 100s of ounces per day should have no reason not to do so.

    I don't understand how you are confusing hedging as gambling. By definition, hedging is not gambling. It is price protection. And again, I get it for very small time bullion dealers, it wouldn't make much sense, and the way you described on how they can replenish their orders as soon as they sell their orders makes total sense and would in fact be the best way of managing inventory. Having said that, the brick and mortar shops that you have described seems small, and I have never came across such small shops like that. I've only bought from online in the past, and as for going to a retail store, I've been to 1 in Japan, and when I went there, an old woman was in front of me buying 10oz of gold and spent roughly $8,000 worth to buy it so they had to have been dealing a decent amount of volume, and at that rate, it makes sense to hedge if 1) You wanted to get into the bullion business using a loan (because it will offer price protection so that you don't have to risk the principal putting your initial business investment in inventory). Borrowing money to set up a business isn't a pure gamble if you are incorporating proper risk management. I'm not saying that people won't go broke even if they do incorporate proper risk management, but with more risk management, it becomes less of a gamble, because risk equals gambling. 2) As you said, there are some days when they suspend silver/gold and won't let dealers buy at today's price. In this scenario, they will be risking by selling their current inventory, whereas if they had hedged, they can sell all of their existing inventory and be protected against market fluctuations and not have to close up shop, provided that they do enough volume/transactions per day to make it worthwhile so that all of their margins aren't being eaten up by trading commissions.

    That's a lot better as I don't have any experience with options. A futures contract for 5,000 ounces requires you to put up $6,500 in a margin account with your broker per each contract or only $1,300 per 1,000 ounce mini contract.

    You are then in it as a gamble on any movement in the market from your starting point. If your contract is based on a future months price, the price is set at a higher starting price than the current spot price for that future month.

    Now I don't know what the Brokers fee is for any of these contracts as part of the margin fee you have to cough up to even play with a futures contract, but it doesn't really matter as a one cent move on a 5,000 once contract is $50 one way or the other and you are responsible for that move or it's a gain in your account. How you can say this is safe hedging for anyone not gambling is beyond me and I don't know how you can say it's only a couple dollars per side without looking at the potential loss per minute let alone day or month no matter if your betting long or short.

    Your looking at a $1.30 swing in the wrong direction and your margin account is wiped out and that is done in one day in the Silver market. At least on the down side and a two day swing on the up side in the best of markets.

    In the event your broker decides you are too close to your limits edge he then can demand a margin call and you would then be required to put up additional funds or he closes your contract and it doesn't matter if you are way in the positive side as margin calls are not one sided in the event it is made on the basis of so called volatility and nothing else as was the case in April of 2011 when five margin calls were made in just over one week. Which forced people out of the market in droves that didn't have the capital to meet the demands. Not that they were all losing money, they were just forced to sell their contracts when they were looking to keep making money and the end result was a drop in the market as there were to many selling and not enough buying. Imagine having to come up with an additional $32,500 to keep your single Silver contract that was wining big time and you didn't have the capital. Actually those that were forced out first were the ones that made out the best as the price was the highest. Assuming they were on the long side and still profitable. Whatever the case, the commodities market can be a bitch for those gambling when things go against them for any number of reasons. The CME controls the market and it's their rules and they have the ability to implement the changes as they deem necessary to maintain whatever they call it. People think it's rigged today, but April 2011 showed just how rigged it can be against the players when the CME wants to take the casino in a different direction.

    There are only two types of contracts on the Silver commodities market, a future contract and an options contract. I don't know where derivatives are sold.

    As far as anyone borrowing money to buy Silver to try and run a coin shop, that's a really bad idea, even for a larger more successful shop that is well established, but for a new start up coin shop that has no reputation, that's just asking for a bankruptcy filing. Most small business owners never make a dime in the first several months of being in business if ever and to add the problem of a monthly loan to their disadvantage, just increases the likelihood they will be one of the high percentage of failures in their first year. You can call that management of anything you like, but it's only playing with fire for the little guy and an established player that is borrowing money, well he hasn't been all that successful or he wouldn't be borrowing money either. Coin dealers are not like many other businesses, they are at the mercy of the general populations interest in gambling in the precious metals market at the time and it can be very lucrative and it can also go into a long drought with no sales at all. That's why the little guy is not just selling precious metals but other things as well so they are not dependent on the price of metal going it their favor for sales only. Other hobbies can be profitable and they are far less volatile and still bring in some additional income.
    Last edited by valerb; 26th February 2017 at 03:04.
    I'm a proud member of Eggshellman's Liar, Shill, and bully club and a new member of the Super Jew Defense League!!!

  2. #12
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    Quote Originally Posted by chroNick View Post
    Where do you get these ideas that silver will go below $17 soon? I'm legitimately asking what lead you to this conclusion.
    My intuition, observation of recent history, and belief that the criminal kabbal is greedy and weak.
    However it may not reach that magic 16.99 as the silver backer's strength seems to be unusually strong this year.

    Should I see seventeen twenty something
    (during this period of heavy manipulation where the globalist whorprit gangster enemies of America are desperately trying to hold on to their position)
    I will eagerly pull the trigger on a roll of some junk or American Silver Eagles,
    because waiting to save a quarter per ounce makes no sense.
    Actually my waiting for this last quarter makes not much sense either simply because I had to sell in recent years, and I don't have a decent enough stash to be satisfied.
    Yeah at $17.50 it's probably time for me to buy any time now.
    "I foresee little future in 'the price of silver', I see a huge future for 'the price in silver'." - heartbone
    "The truth is called hate by those who hate the truth." - K

  3. #13
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    Quote Originally Posted by silverheartbone View Post
    My intuition, observation of recent history, and belief that the criminal kabbal is greedy and weak.
    However it may not reach that magic 16.99 as the silver backer's strength seems to be unusually strong this year.

    Should I see seventeen twenty something
    (during this period of heavy manipulation where the globalist whorprit gangster enemies of America are desperately trying to hold on to their position)
    I will eagerly pull the trigger on a roll of some junk or American Silver Eagles,
    because waiting to save a quarter per ounce makes no sense.
    Actually my waiting for this last quarter makes not much sense either simply because I had to sell in recent years, and I don't have a decent enough stash to be satisfied.
    Yeah at $17.50 it's probably time for me to buy any time now.




    There has been some 90% going for only 99 cents over spot for as little as 1 Dollar face value quantities.

    I think the best deal going right now for fractional is at Westminster Mint selling those 1/4 ounce rounds at 24 cents over spot. I bought several of them and they were in surprisingly good condition for one of their products.

    Die quality is not as good as Golden State Mint, but the overall condition of the product is better than what Golden state Mint sent out.
    I'm a proud member of Eggshellman's Liar, Shill, and bully club and a new member of the Super Jew Defense League!!!

  4. #14
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    OK I just did it.
    http://www.jmbullion.com/starter-pack/
    I bought my very first online precious.
    So I need some fresh ammo just in case the fed goons decide that they want to try and confiscate it.

    I also did one of these to replace one of the ones that I had to let go a while back.
    "I foresee little future in 'the price of silver', I see a huge future for 'the price in silver'." - heartbone
    "The truth is called hate by those who hate the truth." - K

  5. #15
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    Wow. From clicking place the order, to getting my metal was less than 2 days! Cool. 👍👍👍👍👍

    Six years today since the Fukushima false flag initiation of WWIII.
    This is the year that most of us will see the real human carnage begin.
    Damn banksters.
    "I foresee little future in 'the price of silver', I see a huge future for 'the price in silver'." - heartbone
    "The truth is called hate by those who hate the truth." - K

  6. #16
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    Quote Originally Posted by silverheartbone View Post
    [SIZE=3]

    Six years today since the Fukushima false flag initiation of WWIII.
    This is the year that most of us will see the real human carnage begin.
    Damn banksters.
    So WWIII started six years ago, you would think it would be more widely known other than by You Tube conspiracy nuts.

    So is this the year that all the bombs that have been dropped around the globe over the past six years will finally hit ground and the carnage will begin?

    Why would you blame banker for this when you know those Jews are the only ones bright enough to create a bomb that would take six years to land after being dropped from 30,000 feet. Those sneaky bastards.
    I'm a proud member of Eggshellman's Liar, Shill, and bully club and a new member of the Super Jew Defense League!!!

  7. #17
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    Cool You ain't that dfumb, are you?

    Quote Originally Posted by valerb View Post
    So WWIII started six years ago, you would think it would be more widely known other than by You Tube conspiracy nuts.
    It is more widely known, each and every day.
    Very soon you sleeple will "wake up". As soon as it's on your whorprit controlled boob tube.

    So is this the year that all the bombs that have been dropped around the globe over the past six years will finally hit ground and the carnage will begin?
    If your "bombs" are microscopic in nature, then the bomb part of your assertion could be considered to be correct. The fact is that they've been hitting the ground around here for 5 years and 364 days..

    Why would you blame banker for this when you know those Jews are the only ones bright enough to create a bomb that would take six years to land after being dropped from 30,000 feet. Those sneaky bastards.
    You=Asswipe, Joos=Banksters=Globalists=Kabbal=Devils Capiche? Of course you do!
    "I foresee little future in 'the price of silver', I see a huge future for 'the price in silver'." - heartbone
    "The truth is called hate by those who hate the truth." - K

  8. #18
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    Question coming ides

    Quote Originally Posted by chroNick View Post
    Where do you get these ideas that silver will go below $17 soon? I'm legitimately asking what lead you to this conclusion.
    If one were to set a buy order around last Friday's low trade, then by midweek one may pickup a sweet deal.
    I would love to visit my LCS today or tomorrow for a little junk, but I also need to play bills, eat, and rent a large tiller so I can plow a lot of my backyard.

    >growing indoors at this time & some will go outdoors as it warms<
    APRICOT
    BROCCOLI
    CATNIP
    EGGPLANT
    GARLIC
    GARLIC CHIVES
    GREEN ONION
    KALE
    MESCLUN
    PEPPER (7:BANANA, BELL, CAYENNE, HABANERO, PIMENTO, SWEET, THAI)
    RADISH
    STRAWBERRY
    SWISS CHARD
    TOMATO (CHERRY, ROMA, RUTGERS)

    >outdoors only<
    ADZUKI BEANS
    ARUGULA
    BASIL
    BOK CHOI
    BRUSSELS SPROUTS
    BUTTERNUT SQUASH
    CANTALOUPE
    CHICKPEAS (GARBANZO BEANS)
    CORN
    DAIKON RADISH
    KOHLRABI
    GRAPES
    LEEKS
    MUNG BEANS
    NAPA CABBAGE
    OKRA
    PAK CHOI
    SOYBEANS
    SUNFLOWERS
    WATERMELON
    ZUCCHINI

    With the high UV damaging many crops, I don't know which will make it or not. About half of these will be new for me and may not like my soil. There should be enough to dry, and otherwise preserve for later. That way I'll likely be able to continue to eat good stuff after TSHTF without giving up any mercury during a time when 1 mercury dime = 1 week of food.
    I also think that right now mason jars, fertilizer, and a sunflower oil extraction machine are valuable items to invest in. I'm also sprouting my first batch of sunflower seeds. Broccoli and mung beans are my current favorite sprouts, most others that I've tried I don't care for as much. Seed sprouting is way cool and being a semi-vegetarian, I find myself eating them more and more. Dried seeds is an excellent way to preserve food.
    "I foresee little future in 'the price of silver', I see a huge future for 'the price in silver'." - heartbone
    "The truth is called hate by those who hate the truth." - K

  9. #19
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    Quote Originally Posted by silverheartbone View Post
    It is more widely known, each and every day.
    Very soon you sleeple will "wake up". As soon as it's on your whorprit controlled boob tube.

    If your "bombs" are microscopic in nature, then the bomb part of your assertion could be considered to be correct. The fact is that they've been hitting the ground around here for 5 years and 364 days..

    You=Asswipe, Joos=Banksters=Globalists=Kabbal=Devils Capiche? Of course you do!

    Oh yes, I can see something that faintly resembles a missile coming out of the clouds now if I use your kind of distorted imagination and there appears to be a very large one eyed green monster riding on it.

    I'm heading for my dugout and ten year supply of canned food and water now!!!!
    I'm a proud member of Eggshellman's Liar, Shill, and bully club and a new member of the Super Jew Defense League!!!

  10. #20
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    I forgot about my little plot of outdoor SPINACH.

    Silver spot at $16.845 tells me that it's a good time to load the cart.
    "I foresee little future in 'the price of silver', I see a huge future for 'the price in silver'." - heartbone
    "The truth is called hate by those who hate the truth." - K

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