Silver Portfolio Update 6/11/23
Silver Price Analysis
Silver had a decent week up 3.06% as precious metals are pausing ahead of a busy U.S. data week next week. Next week we have inflation reports and the FOMC meeting which will be driving factors for markets. A majority of the market thinks the Fed will pause in its interest rate tightening cycle, but there is some questioning that after the 0.25% increase by the Bank of Canada.
Silver Chart
Portfolio Update
My current assets are valued at $2,337.02 with a total acquisition cost of $2,148,89. Premiums are still high and I'm looking for deals, but nothing jumped out.
The best deal I saw on Ampex was the 10 oz pour, but I'm not a fan of the looks so I passed.
Asset Allocation Chart
Asset Holding by Product
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The cryoto community is worried after the SEC sued binance and coinbase.
Yes, that's the news of the week. Do I think crypto is going away - no. I think the landscape will change and to play in the US exchanges will have to comply. I hope to see more DEX pop up.
But with Dex we can't convert our cryptos into fiat.
That is a big issue unless you can find crypto payments.
That's why banks and governments will always crack them down
Silver is up about 5%. I bought 10oz last week. I wanted it to dip a bit, so can buy more for my portfolio !
Yeah I'm pretty pumped since I bought 8 oz about that same time.
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What a good day at the office of silver
Yes, late in the week was good. Markets have all been pushing higher except crypto...
Just watching that list grow as time goes on.
I'll have to update my Spreadsheet list.
I'll keep adding when the price is right!
Very good indeed, @cryptictruth !
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It must take a while to do what you do... If I did what you do, I wouldn't have time for anything else...
The report is fairly easy to generate. It’s coming up with the funds to keep buying. I’d love to take my profits from hive stacker posts and turn that into physical silver. Apmex let’s you buy with crypto so in theory I could make that work
As per my version of the coming U.S. Monetary Correction, Silver will be going to 18,000 of today's Fiat USD's per Ounce... That won't happen until Phase 3 of the Correction... In Phase 1, the Melt Value of Silver will go to 900 of today's Fiat USD's per Ounce... Phase 2 will see the Melt Value of Silver go to 9,000 of today's Fiat USD's per Ounce... I can't wait for Phase One... It should happen in the Very Near Future, but you need to do your own research and come to your own conclusion...
Those numbers if in usd are most likely unrealistic! That would be a huge increase or the absolute collapse of the world as we know it.
The above Numbers would be Fiat USD's... In Common U.S. Coinage, the Melt Value of Silver in Phase 1 will go to $9 per ounce, Phase 2 would go to $90 per ounce and in Phase 3, the Melt Value of Silver will go to $180... Does that sound more realistic...??? This will mean that 1/2 ounce of Silver will get you 1 ounce of Gold in Phase 3...