I'll Sell When Gold Hits $1750

Say no to chicom clankers.

 

Nice I'll only need to sell like 120 ounces, and I'll still have several hundred ounces.

 

Wouldn't you love to be some sap that had your silver and gold stored in a vault somewhere to keep it safe. You know, the kind of place that is nowhere near your home and you have to make an appointment to see it 90-days ahead of time. But hey, it's safe

 

China has the most silver refinery capability but NOT the most mines. The issue will be refining. We better get really chummy with our friends in south and central america. Many mines are down there.

 

China mines about 14 percent of total annual silver output
Mexico is about 25 percent of the total.
Chile, Peru and Bolivia make up another 25 percent of the global mine output.
But, China is the 2nd biggest mine producer behind Mexico. And here is the kicker .. their costs are way lower because they can ignore health and safety and remediation. And they import (remove from general availability) a lot of foreign mines silver ore and concentrates directly.
Just some interesting data points.

 

There are those who believe the United Sates, and other countries, might be forced to declare national emergencies and seize privately owned silver for industrial uses. It was just a conspiracy theory a few months ago, but as silver goes up every day it becomes more believable. Only time will tell!

 

Seems like a couple good friends could share that stored vault somewhere,, in case of emergencies,,

 

Kind'uv a Grimm outlook for us ,, not sure I want to try and live thru the collapse,,,not at my age.

 

I dont think so. Mis-information as i see it.

 

This not a vault that you own, rent, lease, or have any control over. It belongs to a second or third-party, which for a small reasonable fee stores your gold, silver and other metals for you. You cannot see your gold or silver, nor can you remove it from the vault without giving them 90-days' notice. The truth is your gold, or silver has been sold several times over and isn't even in the vault...if it ever was. That is why only idiots keep their gold and silver in bank safety security boxes or other second or third-party storage facilities. You would be better off storing your PM at home or in a rental storage unit near your home.

 

Mine is in a safe deposit box. You just go there any time during bankers hours and go in. It's pretty much self service.

 

YOUR SHITEN us , Right ??
Sloth
Hope its not BOA

 

Banks are only open about 20% of the time (open 44 hrs. per week/ 168 hrs. per week-holidays) Home is always open and the rental storage unit is open 50% of the time (more if you call ahead0. There are some storage units that are open 24/7/365 and are staffed during those hours

 

The "we will store it for you" vault rental is a scam imo.
Rental storage units get broken into all the time around me. Or forget to pay it, it's gone, auctioned off asap. They're extremely expensive compared to a Depot box if the real reason you rent it was to hide pm. A rental storage unit is probably almost as bad as using it as a door stopper for you storm doorm, and leaving it outside when not in use.
The small safe deposit box at my bank was like $20 a year.
The average amount of money that someone gets first degree murdered over is like a thousand dollars in a complex planned and targeted robbery, not simple robbery or walked in on burgles. The perps doing it probably thought there'd be a whole lot more. There's no shortage of people who would kill you if they thought they could score $10,000 and get away with it.
The farmer I knew that had over a million dollars in PM had his house broken into several times over the years.
Once they stole booze and electronics, obviously dumbass youths. A few times he was broken into everything was rummaged through, but nothing was taken, not even guns.
He kept his shit in the bank. Idiot.
The only time in over 60 years my grandmothers house was broken into was right after they sold the family gas station. Nothing was stolen, guns could have been stolen, they were racked on the wall in my uncle's old room. Someone was likely looking for bags of money, gas station proceeds.
Nope all that paper was in the bank.

 

When my BOM bank closed in the village , it was gone . all the safe and everything , I have NO idea where it went to , but have read that all SDBoxs are the banks now.
Sloth

 

They're open 50% of the time and are about 100,000 times more likely to be broken into.
When I search for safe deposit boxs being robbed, the only search results I get are that time the fbi raided that sketchy safe deposit box company that wasn't a bank.
And the point wasn't to see if they could rob deposit boxes, it seemed more like a massive Rico abuse test to see if they could seize anything from anyone just based on suspicion with no charges ever being filed.

 

I was never a willing Bank of America customer.
I had fleet bank. BoA bought fleet. I always hated boa. I was over seas when it happened. Back then boa was big with the military and they had local branches over seas so that worked out. About the time I decided I was done with them I heard they were selling to the current guys.

 

It happens every year.
Usually it's several banks a year. During the Obama own nothing and be happy market implosion I heard the fed put something like 400 banks on notice.
Usually they get there shit straight, sell out or merge probably around 80% to 90% of the time and avoid seizure.

 

You just have to know how to hide stuff, and then NOBODY can steal it!