Good to know that, although I've suspected it for a long time now. Over the years I've bought silver anywhere from $12/oz up to $25/oz... I pick pieces up at antique places where they are sometimes under-priced, to gun shows and other venues. At this time I calculate I have something short of 400 troy ounces, which should see me and my wife through a long term crisis.
I once read somewhere -- don't ask me where -- that if the currency collapsed silver could shoot to $1,600/oz. I'll wait and see on that one, but I didn't buy my silver as an investment, but rather as a hedge against collapse of the currency when barter is the only way to obtain necessities.
Silver price is 100% rigged and suppressed.
Good to know that, although I've suspected it for a long time now. Over the years I've bought silver anywhere from $12/oz up to $25/oz... I pick pieces up at antique places where they are sometimes under-priced, to gun shows and other venues. At this time I calculate I have something short of 400 troy ounces, which should see me and my wife through a long term crisis.
I once read somewhere -- don't ask me where -- that if the currency collapsed silver could shoot to $1,600/oz. I'll wait and see on that one, but I didn't buy my silver as an investment, but rather as a hedge against collapse of the currency when barter is the only way to obtain necessities.
I've also invested in lead to protect the silver.
I buy mine as an investment. I believe once the manipulation stops and silver runs free, it will be at gold price now.
To each his own. I just have a bunker mentality and store up food, water, lead, and silver for the day when we will be in a Mad Max world.