One Silver Eagle is now $42.86//////UPDATE PAGE 10 NOW $43.44!!! | |
Anonymous Coward User ID: 75480671 United States 03/21/2022 11:44 PM Report Abusive Post Report Copyright Violation | During the filming of the Wizard of Oz, Judy Garland was constantly fondled, grabbed, and sexually harassed by the munchkins. The munchkins were also partying and drunk every night during the filming. This is a true story. Search it an you'll see, |
Anonymous Coward User ID: 82529563 United States 03/21/2022 11:45 PM Report Abusive Post Report Copyright Violation | Except it hasn't. It was $130/ounce in 1980 and $50/ounce in 2011. Now, in 2022, it's $24/ounce. Do you see how you're speaking in fallacies? You picked the 20 year time frame, not me . Lmao Yeah and it went from $130 to $5 to $50 to $24. It's not anything that can be trusted to keep its value. So anyone who is buying it is wasting their time and money. And Enron went from $90 in 2000 to $0. Silver will always be silver, but your "revenue producing" assets can be vaporized overnight. Pick the wrong horse, and you are toast. |
Anonymous Coward User ID: 72616895 United States 03/21/2022 11:45 PM Report Abusive Post Report Copyright Violation | Except it hasn't. It was $130/ounce in 1980 and $50/ounce in 2011. Now, in 2022, it's $24/ounce. Do you see how you're speaking in fallacies? You picked the 20 year time frame, not me . Lmao Yeah and it went from $130 to $5 to $50 to $24. It's not anything that can be trusted to keep its value. So anyone who is buying it is wasting their time and money. Keep talking in circles, lmao |
Anonymous Coward User ID: 5461667 United States 03/21/2022 11:47 PM Report Abusive Post Report Copyright Violation | Except it hasn't. It was $130/ounce in 1980 and $50/ounce in 2011. Now, in 2022, it's $24/ounce. Do you see how you're speaking in fallacies? You picked the 20 year time frame, not me . Lmao Yeah and it went from $130 to $5 to $50 to $24. It's not anything that can be trusted to keep its value. So anyone who is buying it is wasting their time and money. That is a lie, it never broke through $50 in 1980. Inflation corrected for our time it would mean $130 today. IOW, $130 in today's fiat would equal its high. Bragging on the price controls on silver are we? |
SILVERBIRD User ID: 82439346 United States 03/21/2022 11:50 PM Report Abusive Post Report Copyright Violation | People saying precious metals are not worth having then someone explain to me why are countries are hoarding precious metals. [ I’ll wait ] the big central banks need to throw their metals into the ocean because the value of them is really worthless according to most. Follow the metals right to the big banks. |
Anonymous Coward User ID: 77592032 United States 03/21/2022 11:50 PM Report Abusive Post Report Copyright Violation | ... Quoting: Anonymous Coward 77592032 Except it hasn't. It was $130/ounce in 1980 and $50/ounce in 2011. Now, in 2022, it's $24/ounce. Do you see how you're speaking in fallacies? You picked the 20 year time frame, not me . Lmao Yeah and it went from $130 to $5 to $50 to $24. It's not anything that can be trusted to keep its value. So anyone who is buying it is wasting their time and money. That is a lie, it never broke through $50 in 1980. Inflation corrected for our time it would mean $130 today. IOW, $130 in today's fiat would equal its high. Bragging on the price controls on silver are we? Yes, I misread the chart, it's inflation adjusted. Still, you got your ass kicked if you bought in 1980. |
Anonymous Coward User ID: 4803585 United States 03/21/2022 11:51 PM Report Abusive Post Report Copyright Violation | So Paper Silver is $25.26 Quoting: WiscoSteve But tangeble Silver is now $42.86 / Oz.... [link to www.silver.com (secure)] Even if you prefer retardland backed Silver it is still $36.73/Oz... [link to www.silver.com (secure)] Spread seems larger than usual.... . They know silver will be going to the moon...... |
SeekerForward
User ID: 80803639 United States 03/21/2022 11:52 PM Report Abusive Post Report Copyright Violation | Right now coin dealers will offer to buy that Eagle for about $1 over spot at about $26.50. It is worth having a little silver, but don't overdo it at these prices, and don't neglect your other preps. Be discreet about how you use silver or any other barter goods during a crisis so you don't paint a target on your back. Silver is nice because even though it tarnishes it doesn't spoil. Store it somewhere safe you can easily reach. Not a bank, not your vehicle, but not necessarily your home. Even a roll of merc dimes, or having a dozen eagles gives you an advantage, but the time to "back up the truck" has passed. The internet is littered with posts of regret from people who loaded up the last time silver spot hit $40. Some regular joes make money off of retail precious metal coins, medals, rounds, and bars. People online always brag how they got all these coins a billion percent under spot. Yeah ok. Bullion isn't a great strategy for profit. It is hard to time the markets. It's a defense to preserve wealth, it's there to maybe to help in a crisis if you're careful, and it's there to help you rebuild after the crisis is over. Why are premiums so high? Somebody at cointalk last year shared some good thoughts. "Paper" silver is a game that has little to do with real silver, but rising premiums could be a sign of dwindling supply of physical silver bullion. Coin dealers do not bother to increase their buy-back prices because buying a few coins from collectors will never match their needs like a wholesaler. There is a lot in play. Forces work against rising prices. Maybe rising spot eventually draws out more sellers. In a way, that's a shame. It's one thing if old silverware gets melted, but it makes me sad to read stories about all the historical silver coins getting melted. Industrial demand could drop. On the other hand, forces push prices higher. You can see from Investopedia how important Russia is to the global silver supply, and sanctions will squeeze that supply tighter. Very few people in America today know what a silver coin looks like, or its value. I don't blame younger people. Older generations removed the silver from circulation long before they were born so they never had a chance to use silver. IF we have currency collapse, you need your other preps first. A little silver might help you. People will learn fast in a crisis what has value, and there may be some willing to trade for silver. Again if you use it during the crisis be careful. Stuff like merc dimes look familiar enough to look like money but weird enough that people maybe believe it's not copper nickel. Last Edited by SeekerForward on 03/21/2022 11:53 PM |
Anonymous Coward User ID: 75480671 United States 03/21/2022 11:52 PM Report Abusive Post Report Copyright Violation | Here is what's going on : There is an ill wind blowing and many sense trouble. I decided to obtain some kitchen matches and there were none !? I finally had to ebay some. Every store had zero matches. No book matches a few boxes of $$ looong wooden matches...no way $$! I'm in the remote North, so matches are something that is an item usually found in every store. Other preppers were stocking up ....hmmm... Quoting: blackdiamond So what do matches have to do with silver ? The reason the premiums are taking off is because Joe Six pack wants physical silver and the demand is through the roof and supplies are evaporating. People are slowly waking up.It is time to stock up and prepare. Why would you stock up on matches, instead of just stoking up on Bic lighters? One lighter would start a lot more fires than a box of matches. Is there an advantage to matches over lighters? |
Silverbird User ID: 82439346 United States 03/21/2022 11:55 PM Report Abusive Post Report Copyright Violation | |
blackdiamond
User ID: 80474317 United States 03/21/2022 11:56 PM Report Abusive Post Report Copyright Violation | Here is what's going on : There is an ill wind blowing and many sense trouble. I decided to obtain some kitchen matches and there were none !? I finally had to ebay some. Every store had zero matches. No book matches a few boxes of $$ looong wooden matches...no way $$! I'm in the remote North, so matches are something that is an item usually found in every store. Other preppers were stocking up ....hmmm... Quoting: blackdiamond So what do matches have to do with silver ? The reason the premiums are taking off is because Joe Six pack wants physical silver and the demand is through the roof and supplies are evaporating. People are slowly waking up.It is time to stock up and prepare. Why would you stock up on matches, instead of just stoking up on Bic lighters? One lighter would start a lot more fires than a box of matches. Is there an advantage to matches over lighters? I'm a matches guy. I burn wood and start a fire every morning with a WOODEN MATCH. The point is they ain't no matches no where ! |
SeekerForward
User ID: 80803639 United States 03/21/2022 11:58 PM Report Abusive Post Report Copyright Violation | Here is what's going on : There is an ill wind blowing and many sense trouble. I decided to obtain some kitchen matches and there were none !? I finally had to ebay some. Every store had zero matches. No book matches a few boxes of $$ looong wooden matches...no way $$! I'm in the remote North, so matches are something that is an item usually found in every store. Other preppers were stocking up ....hmmm... Quoting: blackdiamond So what do matches have to do with silver ? The reason the premiums are taking off is because Joe Six pack wants physical silver and the demand is through the roof and supplies are evaporating. People are slowly waking up.It is time to stock up and prepare. Why would you stock up on matches, instead of just stoking up on Bic lighters? One lighter would start a lot more fires than a box of matches. Is there an advantage to matches over lighters? He's saying silver looks attractive because the economy is breaking. That's by design by the way. Everything has a shelf life. I think sealed, stored fuel for a reusable lighter would last a long time. You have to store the disposable lighters properly otherwise the fuel evaporates over time. I don't know the shelf life of matches. Some say 2-3 years. Some say indefinitely. |
Anonymous Coward User ID: 5461667 United States 03/22/2022 12:00 AM Report Abusive Post Report Copyright Violation | Yeah and it went from $130 to $5 to $50 to $24. It's not anything that can be trusted to keep its value. So anyone who is buying it is wasting their time and money. That is a lie, it never broke through $50 in 1980. Inflation corrected for our time it would mean $130 today. IOW, $130 in today's fiat would equal its high. Bragging on the price controls on silver are we? Yes, I misread the chart, it's inflation adjusted. Still, you got your ass kicked if you bought in 1980. Go back and review your chart and you will find the $50 spike in price was a brief thing, over in a day or two. Most stackers were selling into the spike, they understood the cyclic nature of the manipulations. The stupid lost money. The wise either made money or held on through the spike. The next big spike will come and when it does the price will never fall back. Things have changed now. |
Anonymous Coward User ID: 82439346 United States 03/22/2022 12:03 AM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 80385469 United States 03/22/2022 12:08 AM Report Abusive Post Report Copyright Violation | People saying precious metals are not worth having then someone explain to me why are countries are hoarding precious metals. [ I’ll wait ] the big central banks need to throw their metals into the ocean because the value of them is really worthless according to most. Follow the metals right to the big banks. Quoting: SILVERBIRD 82439346 I wasn't saying it isn't good to have small weight silver, it is! My point was that buying american eagles is a ripoff beyond compare. People who won't buy any silver other than that are the ameritards that have stars and bars all over their house and car and want to go fight Russia. They are irrationally 'patriotic'. A right wing virtue signal move. A 1/4, 1/2, or 1 oz chunk of .999 generic silver is a way better play than any eagle stamped as a US currency and priced to the moon. Anyone who says you shouldn't have any precious metal stockpile at all is just as dumb - they think the dollar will last forever because that is all they have ever known. We don't have that long and we'll struggle even with metals. |
Anonymous Coward User ID: 80385469 United States 03/22/2022 12:10 AM Report Abusive Post Report Copyright Violation | People saying precious metals are not worth having then someone explain to me why are countries are hoarding precious metals. [ I’ll wait ] the big central banks need to throw their metals into the ocean because the value of them is really worthless according to most. Follow the metals right to the big banks. Quoting: SILVERBIRD 82439346 I wasn't saying it isn't good to have small weight silver, it is! My point was that buying american eagles is a ripoff beyond compare. People who won't buy any silver other than that are the ameritards that have stars and bars all over their house and car and want to go fight Russia. They are irrationally 'patriotic'. A right wing virtue signal move. A 1/4, 1/2, or 1 oz chunk of .999 generic silver is a way better play than any eagle stamped as a US currency and priced to the moon. Anyone who says you shouldn't have any precious metal stockpile at all is just as dumb - they think the dollar will last forever because that is all they have ever known. We don't have that long and we'll struggle even with metals. ^ or they are even worse they are cryptotardz. |
Anonymous Coward User ID: 80711920 United States 03/22/2022 12:11 AM Report Abusive Post Report Copyright Violation | Fine, gold and silver are going up.. but so is everything else.. HODL anything useful before two years ago and you're richer than you were. If I had the choice between metals or farm, pond, tools, tractors, trucks, livestock, airplane, guns, ammo, radios, blah.. I'd take the use-able goods that will POOF!.. turn into gold. Don't have the land? Build a vehicle, build a boat! Reward for hoarding metals is situational dependent.. as in not 100%... and then you still have to offload it.. safely. And if the nwo beast currency squats down one day (it will), what makes you think your metals won't be illegal like the gold act of 1934?.. The beast is far more evil than Franklin Roosevelt. |
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SeekerForward
User ID: 80803639 United States 03/22/2022 12:18 AM Report Abusive Post Report Copyright Violation | People saying precious metals are not worth having then someone explain to me why are countries are hoarding precious metals. [ I’ll wait ] the big central banks need to throw their metals into the ocean because the value of them is really worthless according to most. Follow the metals right to the big banks. Quoting: SILVERBIRD 82439346 I wasn't saying it isn't good to have small weight silver, it is! My point was that buying american eagles is a ripoff beyond compare. People who won't buy any silver other than that are the ameritards that have stars and bars all over their house and car and want to go fight Russia. They are irrationally 'patriotic'. A right wing virtue signal move. A 1/4, 1/2, or 1 oz chunk of .999 generic silver is a way better play than any eagle stamped as a US currency and priced to the moon. Anyone who says you shouldn't have any precious metal stockpile at all is just as dumb - they think the dollar will last forever because that is all they have ever known. We don't have that long and we'll struggle even with metals. ^ or they are even worse they are cryptotardz. I don't do anything with cryptos but I don't hold anything against people who do. As I understand cryptos have different functions. A few take privacy seriously. Maybe cryptos have their place in the short term. In the midterm, I'm skeptical about something like bitcoin as a currency. Despite the hopes everyone has for it, it strikes me as something far worse, as a trial run for a digital dollar "fedcoin." You can put your crypto in cold storage, but I am still not sure how you use it when the power goes out. Last Edited by SeekerForward on 03/22/2022 12:35 AM |
Anonymous Coward User ID: 64545336 United States 03/22/2022 12:18 AM Report Abusive Post Report Copyright Violation | Everyday, a year's mine production of PAPER silver is SOLD into the market, while only ONE DAY of physical silver is sold. That is why Palladium is 100 times higher than silver, and Rhodium is 1000 times higher. What just happened to Nickel (shot from $15 to $50 in a couple of days, forcing the LME to close the window) is about to happen to all the platinum group metals, since the shorts are higher than they have ever been IN HISTORY. |
Anonymous Coward User ID: 73421769 United States 03/22/2022 12:19 AM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 64545336 United States 03/22/2022 12:22 AM Report Abusive Post Report Copyright Violation | Nobody cashed out a life insurance policy, because the postage cost more than the life insurance would pay out. Over the last two years, one third of all dollars, that ever existed, have just been created, out of thin air. |
Anonymous Coward User ID: 81999596 United States 03/22/2022 12:29 AM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 82545254 United States 03/22/2022 12:31 AM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 80562797 United States 03/22/2022 12:32 AM Report Abusive Post Report Copyright Violation | ... Quoting: AxX It’s a hedge and gamble. Does the Fed fail within 20 years? That silver may worth more in the new currency. If the Fed doesn’t fail and it’s business as normal, you still have the same sub-$50 value of a coin. Not a horrible risk for the gamble. What is the historic gold/silver ratio average? What is the current gold/silver ratio? How does the current ratio get back to average ratio? Silver goes up or gold goes down. Meanwhile, you've wasted 20 years of your life instead of investing in something that would produce value. Just like people here who bought silver 20 years ago. A waste of time and money. Dude, wake up. As the petrodollar declines, silver rises. Except it hasn't. It was $130/ounce in 1980 and $50/ounce in 2011. Now, in 2022, it's $24/ounce. Do you see how you're speaking in fallacies? I don't think it got that high, but lets assume it did. Using a real inflation rate of 8.5%, adjusted for inflation that would be a silver price of: $130(1+0.085)^(2022 - 1980) = $4,000 per ounce. Do you see the fallacy in your statement? Silver is the most manipulated price on the planet, they do it with naked shorts in the future's market. There is more paper silver sold in 3 days trading than is mined in an entire year, same with gold. The reason the bullion banks get away with it is because on the prospectus of each future's contract it states that in the event of a failure to deliver the physical metal at contract maturity, the owner of the contract must accept payment in fiat dollars calculated by the spot price on the day the contract matures. Very few people stand for delivery of a future's contract, they roll it over or sell it for fiat. They don't want to be 'bothered' with the metal part and parcel of our immediate gratification and lazy society. But that will all change in the very near future. |
Anonymous Coward User ID: 81999596 United States 03/22/2022 12:32 AM Report Abusive Post Report Copyright Violation | Silver CANNOT be priced in fake paper play money "dollars". Quoting: Anonymous Coward 82278394 40/oz is a STEAL considering silver will buy you food in 10 years when dollars will buy you nothing. Its $25 an ounce right now. - says Kitco $25 for a paper "I owe you". Have them put physical silver in your hand for that price. It's not going to happen! |