🏦💸Why Has the U.S. Mint Suddenly Raised the Price of One Ounce Silver Coins to $169?🏦💸 Predictive Action On Future Prices, or More Nasty Surprise?!
(economiccollapse.report)
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I'm sitting a bunch of American Eagles that I bought in 2012, and considering selling to fund some other projects. But waiting for the price to go over $100 per troy oz. However I have heard mention of the price possibly reaching $300 an oz. What is the forums thoughts on this?
I've seen everything from several hundred an oz to thousands an oz, to tens of thousands an oz. Even a handful of people claiming with autistic math that we'd see 6 figure silver briefly in a massive bull run before it crashes, ala 2017/2018 bitcoin.
Personally I'm of the opinion it'll reach low 5 figures at least at some point once all the cabal and pedophilia stuff comes out, the governments of the world collapse along with the impending financial collapse, dollar revaluation under a gold or bimetal backed currency, etc. etc. There's just a perfect storm of things for it to reach some previously unthinkably high price for at least a brief (as in a few months) period of time.
If you wanna be TECHNICAL, it SHOULD be low 5 figures right now based on supply and demand ratios, but its so heavily suppressed (silver is the most suppressed asset on the planet), that it's as low as it is. If I remember right, the last time I looked, the silver supply/demand ratio SHOULD make it like $11-15K an oz because we use so much more than we mine or produce. Meaning for decades (basically since the tech revolution in the 80s when computers first became a thing), we've been constantly dipping into the world backlog and stockpile of silver reserves to fuel the various tech revolutions. Its just now catching up with us since that supply and backlog is starting to dry up and the mining/production has basically remained static, or even decreased in some years. People WITH silver aren't willing to sell it at these prices, so even if it EXISTS above ground, it doesn't matter because those stacks aren't on the market. The amount on the market is rapidly decreasing compared to demand. Hence why we're seeing backwardation and why, when combined with everything else I've mentioned, we'll probably see previously unthinkable numbers at some point.
Thanks for the info fren! 😁
You could buy a coin for a doller under spot last week.
They update their prices poorly.
Yep. After it was posted here I checked it out. It was $98…and waited too long before it went to $169.
I almost bought one at round at 85 when spot was 86,just for the fun of it.
My reasoning exactly.