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48 Tons of Silver Recovered From World War II Shipwreck
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48 Tons of Silver Recovered From World War II Shipwreck
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48 Tons of Silver Recovered From World War II Shipwreck
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07-19-2012, 03:20 PM
Post: #1
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48 Tons of Silver Recovered From World War II Shipwreck
what impact does 1 million ounces have on the physical market? what about 5 million oz?
http://news.yahoo.com/48-tons-silver-rec...ories.html retired in 2009 at 39 years old |
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07-19-2012, 03:30 PM
Post: #2
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RE: 48 Tons of Silver Recovered From World War II Shipwreck
Bearish!
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07-19-2012, 04:29 PM
Post: #3
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RE: 48 Tons of Silver Recovered From World War II Shipwreck
(07-19-2012 03:30 PM)peleuno Wrote: Bearish! Nah. If they recover the estimated 240 tons that's about 7.7 million ounces. Over 392 million ounces have been produced so far this year. I can't see that amount having an effect on price. Don't be a J6P. |
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07-19-2012, 04:33 PM
Post: #4
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RE: 48 Tons of Silver Recovered From World War II Shipwreck
Quote:Bearish! Oh yeah, the price has been plunging all day because of this news bit. LOL, where does this stuff come from? How's the stack hanging? |
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07-19-2012, 04:52 PM
Post: #5
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RE: 48 Tons of Silver Recovered From World War II Shipwreck
Just in time for the banks to replenish their holdings....
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07-19-2012, 10:42 PM
Post: #6
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RE: 48 Tons of Silver Recovered From World War II Shipwreck
That silver is probably going to very specific high-end investors who don't stack eagles and maples, but collect sunken treasure and pirate booty and stuff like that. I doubt it will have much effect on the price, if any.
"He appears, hands tied and head sacked, and I do the necessaries, collect my silver." |
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07-20-2012, 12:57 AM
Post: #7
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RE: 48 Tons of Silver Recovered From World War II Shipwreck
and that'll probably end up being 5 million ounces after its refined....and that's even if its sold!
“This is a stock exchange; there is no money here to steal.” "Then why are you people here?” Batman 2012 |
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07-20-2012, 05:22 AM
Post: #8
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RE: 48 Tons of Silver Recovered From World War II Shipwreck
7.7 million troy oz to be recovered is a drop in the Bucket.. not to mention this was a WWII shipwreck..Not really newly found treasure.. Im sure this silver is technically already in the pool of leased/hypothicated/allocated/ silver/ (just on the bottom of the sea) check your serial numbers for a match of sunken silver...lol
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07-20-2012, 06:46 AM
Post: #9
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RE: 48 Tons of Silver Recovered From World War II Shipwreck
(07-20-2012 05:22 AM)TeMpTeK Wrote: 7.7 million troy oz to be recovered is a drop in the Bucket.. not to mention this was a WWII shipwreck..Not really newly found treasure.. Im sure this silver is technically already in the pool of leased/hypothicated/allocated/ silver/ (just on the bottom of the sea) check your serial numbers for a match of sunken silver...lol I wouldn't doubt it!! 
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07-20-2012, 07:24 AM
(This post was last modified: 07-20-2012 07:27 AM by Dom2012.)
Post: #10
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RE: 48 Tons of Silver Recovered From World War II Shipwreck
look they recovered 48 tons of silver which is 1.54 million ounces, which is a little over 1% of the monthly mining production ... iit's literally a drop in the ocean lol ...have you seen the pictures?! people think wow 48 tons its loads....its just a few bricks on about 3 pallets, this s**t is heavy !!!
“This is a stock exchange; there is no money here to steal.” "Then why are you people here?” Batman 2012 |
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