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Business/Finance
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Title: Silver hits low of $11.30
Source: [None]
URL Source: [None]
Published: Mar 16, 2020
Author: Me
Post Date: 2020-03-16 13:57:46 by Pinguinite
Keywords: None
Views: 2643
Comments: 15

... as of today. Amazing. I thought going down to $14 oz would be a strong pullback. Of course I strongly doubt any physical silver could go that low. Is a decoupling event of paper to physical silver prices neigh?

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Begin Trace Mode for Comment # 11.

#5. To: Pinguinite (#0)

I took a look at Ebay sales of silver and they were averaging $20.00 for each silver dollar. I would advise anyone that's been holding silver for awhile to keep holding it unless it's an emergency causing the need to sell.

noone222  posted on  2020-03-17   7:51:48 ET  Reply   Untrace   Trace   Private Reply  


#8. To: noone222 (#5) (Edited)

keep holding it

The old man talked me into buying several rolls of uncirculated 90% half dollars years ago when I was driving trucks and making tall cash.

I think it was '56 and '58 Franklin and '64 Kennedy. Maybe 3 or 4 rolls each date. The memory is fuzzy due to the meningitis.

Oh yeah, I had 2 liens on me by the IRS over in the town I lived in when driving those trucks. I had Lexington Law, credit repair lawyers from Salt Lake City challenge the IRS. They could not prove I owed the tax and were forced to withdraw the liens.

My Credit Karma used to say "2" for Public Filings. Now it says "0". The proof is in the pudding. ;)

BTP Holdings  posted on  2020-03-23   18:28:35 ET  Reply   Untrace   Trace   Private Reply  


#10. To: BTP Holdings (#8)

Silver bounced back up. Gold too.

Horse  posted on  2020-03-23   19:25:25 ET  Reply   Untrace   Trace   Private Reply  


#11. To: Horse (#10)

Holy smoke. Even at $11.00 spot, can't nobody get silver for $15.00 or less. It's just impossible. Silver is up 20% over that and up 11% just today.

PM's are still large.

"A bitcoin economy is laughably far off from a mainstream perspective – even more so than a gold-based economy. Bitcoin’s market cap sits below $200 billion while the Dow hit as high as $8 trillion in December 2019. Gold’s current market cap is around $9 trillion."

www.coindesk.com/bitcoin-and-gold-evaluating-hard-cap- currencies-in-times-of-financial-crisis

randge  posted on  2020-03-23   20:38:46 ET  Reply   Untrace   Trace   Private Reply  


Replies to Comment # 11.

#13. To: randge (#11)

Do we take their word for it long term?

Has the fat lady sung yet?

www.youtube.com/watch?v=mnkUNYhTlK8

NeoconsNailed  posted on  2020-03-24 06:14:58 ET  Reply   Untrace   Trace   Private Reply  


End Trace Mode for Comment # 11.

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