Mikkel 🥈 CopenhagenStacker 🇩🇰

🥈 Silver trader, single dad, retired navy⚓️ - all things metals, trading, investing, space, and traveling into the unknown -- Gen X

[Mikkel 🥈 CopenhagenStacker 🇩🇰 @ehelpmann]

Preserve wealth in #Gold and #Silver 💪

[Mikkel 🥈 CopenhagenStacker 🇩🇰 @ehelpmann]

@J_Wise_geology None of the above...

Bank and funds rotating. They changed their algos to do the last shake out of retail.

[Mikkel 🥈 CopenhagenStacker 🇩🇰 @ehelpmann]

@Harhermoine Silver is not going to $35... and I'm not waiting!

[Mikkel 🥈 CopenhagenStacker 🇩🇰 @ehelpmann]

Unlike #Silver, Gold did NOT post new lows Thursday and quickly got back above $4,000 after a small dip below - looking to have actual support at the June-July lows.

As a result the GSR (gold to silver ratio) is now at 74.53 - the highest level since December 1st last year:

[Mikkel 🥈 CopenhagenStacker 🇩🇰 @ehelpmann]

@CleansedTweets Same... but the question was who do you trust the LEAST 🤣

[Mikkel 🥈 CopenhagenStacker 🇩🇰 @ehelpmann]

@Harhermoine Never happening.

[Mikkel 🥈 CopenhagenStacker 🇩🇰 @ehelpmann]

@rupechat Not for long tho... liquidation of short are imminent, rotations are near completion.

[Mikkel 🥈 CopenhagenStacker 🇩🇰 @ehelpmann]

@Heyhey47841558 @Silverbark3 @TheApeOfGoldST @realTimHack All good! 🤣

Have a great weekend! 🙏

[Mikkel 🥈 CopenhagenStacker 🇩🇰 @ehelpmann]

I sure have more than the stores here... In the biggest silverware store they had 8, last time I checked 😂

I'm moving around, fixing my cabinets... That's also why you see my post some weird stuff I find once in a while. Going to built some more display space soon too! ...and I need an additional vault box also, I guess! 🤷‍♂️

[Mikkel 🥈 CopenhagenStacker 🇩🇰 @ehelpmann]

How many #Silver candle stick holders do you own?

I just counted 110 ...how many to I need to cause a regional shortage of supply? 😳

[Mikkel 🥈 CopenhagenStacker 🇩🇰 @ehelpmann]

Brass before and after gallery:

[Mikkel 🥈 CopenhagenStacker 🇩🇰 @ehelpmann]

If you can't afford #Silver tableware or decorative items to enlighten your Xmas, then go for some brass... it's cheap - nowadays both cheaper than copper & pewter, even it consists of 50%-80% copper.

It's free putting a bit of work in polishing it, so it gets that golden Xmas shine! 🎁🎄🔥

Here are some $5-$10 pieces, in state of purchase vs. polished. They are heavy, sturdy, and resilient:

[Mikkel 🥈 CopenhagenStacker 🇩🇰 @ehelpmann]

@DVolltreffer @thesilverhermit The rigging game can continue, but not at the same price levels. The government debts (all around the globe) and inflation is not waiting any longer 👍🏻

[Mikkel 🥈 CopenhagenStacker 🇩🇰 @ehelpmann]

@Andrewboss_76 It might just fit the schedule perfectly 👍🏻

[Mikkel 🥈 CopenhagenStacker 🇩🇰 @ehelpmann]

#Gold and #Silver cutting through support like butter... nothing holding! 🔥

Silver 🔻-2.0%
Gold 🔻-0.9% (broke below $4,000)

[Mikkel 🥈 CopenhagenStacker 🇩🇰 @ehelpmann]

If you can't afford #Silver tableware or decorative items to enlighten your Xmas, then go for some brass... it's cheap - nowadays both cheaper than copper & pewter, even it consists of 50%-80% copper.

It's free putting a bit of work in polishing it, so it gets that golden Xmas shine! 🎁🎄🔥

Here are some $5-$10 pieces, in state of purchase vs. polished. They are heavy, sturdy, and resilient:

[Mikkel 🥈 CopenhagenStacker 🇩🇰 @ehelpmann]

No doubt about the market is stressed.

There is a comment on the post with the news article, that is pretty interesting, claiming that they restricted imports NOT to strangle the market and help prices get down, and then now opening again at the low price we are at.

The question is whether and when China will open for exporting to India. They'll have to open at some point anyway to get the Shanghai-Hong Kong commodity exchange for fully backed commodities going globally 🤷‍♂️

[Mikkel 🥈 CopenhagenStacker 🇩🇰 @ehelpmann]

@profplum99 @nic_carter The current price of the gold production you describe is at least 3 orders of a magnitude higher than what you mention... at best! Minor detail!

[Mikkel 🥈 CopenhagenStacker 🇩🇰 @ehelpmann]

@qussl3 @GoldFishCharts Makes more sense 👍🏻

[Mikkel 🥈 CopenhagenStacker 🇩🇰 @ehelpmann]

@pmbug They need it for both jewelry and silverware. Nobody else consumes a meaningful amount of silver for silverware anymore 😆

[Mikkel 🥈 CopenhagenStacker 🇩🇰 @ehelpmann]

@robbunplugged Sounds bad 😬

We are a bit more lucky. The politicians have 'miraculously' managed to keep a budget surplus for almost 2 decades and paid back almost all national debt, so we have have room to ease on taxes to help people in case of recession and/or bad inflation.

[Mikkel 🥈 CopenhagenStacker 🇩🇰 @ehelpmann]

Why are precious metals moving in the same direction as bond yields today, instead of the 'regular' inverse relation?

It is very pronounced right now for #Gold and the 10-year bond yield!? 🤷‍♂️

[Mikkel 🥈 CopenhagenStacker 🇩🇰 @ehelpmann]

@younweb3 Have a great day! 🙏🔥

[Mikkel 🥈 CopenhagenStacker 🇩🇰 @ehelpmann]

Good morning ☕️

School time!