I'm not sure I agree. Silver has always been use as money down through history. Yes, we hear about all the gold governments hold but how do we know governments don't have a stash of silver reserves too?
I buy gold an ounce here and an ounce there because when the calamity really hits, gold will be king. That being said I've been stocking up on silver too this weekend
It looks like pinehurstcoins.com is still selling, however the price jumped from $15/each to a little over $21 since this morning. It's a good thing I ordered some while I was half-awake.
Guy at work called the local coin shop looking for silver. Guy answered and stated in direct terms. Don't have anything and when I do it's going to be at least $19 an oz.
Guy at work called the local coin shop looking for silver. Guy answered and stated in direct terms. Don't have anything and when I do it's going to be at least $19 an oz.
Paper silver and physical silver have completely decoupled. $7 an ounce premiums on 90% junk silver coins? I pity the suckers who were afraid to "catch a falling knife". When silver was $18 you could buy it cheaper than you can now.
Pilgrims... if there is even one of you here that do not recognize the never-before-in-human-history numbers as being one huge fargin opportunity...
Tell me why. Will that rubber band contract one-way, or two ways? Hm? Gold can go down to where the ONE HUNDRED number is erased, with just the 19:1 number left.
We are all undergoing "future shock" <-- where the ridiculous becomes commonplace.
That 19:1 number is (*yawn*) very close to the fargin world standard for the last 2000+ years.
Lookit:
"The gold-silver ratio is the oldest continuously tracked exchange rate in history."
"For hundreds of years prior to that time, the ratio, often set by governments for purposes of monetary stability, was fairly steady, ranging between 12:1 and 15:1.The Roman Empire officially set the ratio at 12:1, and the U.S. government fixed the ratio at 15:1 with the Mint Act of 1792."
"For the whole of the 20th century, the average gold-silver ratio was 47:1."
The lowest level for the ratio [this century] was 32:1 in 2011.
The ratio is nearly four times higher for this century, and TEN times -- an order of magnitude -- higher than thousands of years of history.
Paper silver and physical silver have completely decoupled. $7 an ounce premiums on 90% junk silver coins? I pity the suckers who were afraid to "catch a falling knife". When silver was $18 you could buy it cheaper than you can now.
got a link? (not that I'm buying because I bought all I'm going to get for now over the last few days but there are those here who would buy while they can now)
got a link? (not that I'm buying because I bought all I'm going to get for now over the last few days but there are those here who would buy while they can now)
Many here are putting lots of time in the hunt but the finds are dwindling towards zero. Many here are making that point and still being challenged telling them the deals are out there. No deals of any kind have been pasted for a while now. I believe that alone is telling in of itself how the product has dried up over the last 24 hours