Silver is going BOOM!
(www.kitco.com)
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The US acquired almost 9 TRILLION in debt in 5 years. Without manipulation and without the squeeze - the true value of silver is around $1080/oz
In 1913 the silver to dollar ratio was 2.66 dollars per silver. It's now 4792 dollars per silver. The value of silver in 1913 was around $0.60
.60/2.66 = ~0.225 in terms of value/dollar
assume silver holds a true value as it always has and apply that value to today's dollars
4792 / 0.225 = $1080.00
https://www.usdebtclock.org/
https://fraser.stlouisfed.org/files/docs/publications/FRB/pages/1915-1919/24568_1915-1919.pdf
Silver only hits $1k per oz if the dollar collapses. In that case a hammer in your toolbox will be worth $1k as well.It’s definitely good to hold some but be cautious not to get caught up in hysteria.
The world economy has already hit the iceberg. We are on deck listening to the band play.
I just purchased another 20 oz. Ampex site was so busy you couldn't make it to checkout before the price would change and time out on you. Made a purchase from JM bullion....to the moon baby!!!!
I bought a few thousand ozs. from Apmex last week.
apmex actually sends you a box, insured, you sign for it. physical delivery only for me.
How the fuck? I was on JM all day and they didn't have anything other than overpriced crap
Ya, that overpriced crap is only a couple dollar above spot price right now.
Its going for closer to $40 / oz on ebay right now.
its selling quick.
I think the silver collectors are trying to pull a reddit scenario on the silver market right now, driving uo that price as high as they can get it. I have read if Trump switches us over to a precious metal backed currency it will hit $150 / oz easy
150? Shit. Try 2k.
Ya, I have heard $20,000 / oz for gold. At a 9-1 ratio for silver / gold = $2200 silver
I was thinking who cares if CCP and DS own silver, so do a shit ton of patriots red necks Russians and Indians (India).
Besides USA will seize assets in the end hopefully
YAY! You have Bloomberg I see, please keep us, or at least me, updated please as I can't find the Sunday Night trading anywhere,.
So now you have silver. Serious question: if you sell, when?
Not planning to. I’ll always want to have a stash just in case.
its come down some, but it gapped up. This is international market, when US market opens, thats when the real fireworks should occur.
I think when Hong Kong opens at 730pm it will run
Per ounce! And it's gonna keep going up!
The mid-27 level is key to hold. It is strong resistance so there will be a tug of war to battle over a breakout or breakdown. Monday's close, and the weekly close are what are important. I can see it go either way.
It's the stock game shorts buy high.. they may try to double down. This is going to be interesting. With GME... It doesn't effect the world. SLV is a key stone in our society.
A keystone, you say? Hmm.....
The amount of uses it has. The rarity of it compared to other things. companies overhead is about to get collapsed. On another note the mining companies stock will climb when this does. This is an important metal
GME is about $20B, silver market is $1.5 T. Nobody will squeeze anything with silver. In fact, they’re admiring capital to Citadel and JP who have huge silver holdings. Having said that, e erroneous should hold some physical silver and gold just in case.
Looks like the election data!! Look at that spike baby!!
GME, DIAMOND HANDS< SILVER=LARP
It's up $1.95 per ounce right now.
LIE Up over 10 bucks real world
Kennedy 1964 pieces on Amazon...
Isn't "junk silver" like that running around $22 x face?
Buy what you can at that price, should be 30X or so..
I just purchased some as well. Selling out fast and web sites are slow and time-out.
I don’t want to discourage people from buying silver, but this really seems like a manufactured rush to capitalize banks.
https://www.jmbullion.com/charts/silver-prices/
Spot prices here
Spot prices are set by 'them' what they tack on, makes the price of silver , 3-5-10 days for delivery should benoted. Some are not selling.. $50 silver by Monday; perhaps.