... 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?
Silver hits low of $11.30
| Source: | None |
| Published: | Mar 16, 2020 |
| Author: | Me |
| Post Date: | 2020-03-16 13:57:46 by Pinguinite |
| Views: | 3144 |
#1: Esso To: Pinguinite (#0)
Not unless you're buying from a panicky individual. Looks like dealer premiums may be ~50%+ if you can find supply.
It's decoupled, if you're buying.
Esso posted on 2020-03-16 14:17:54 Reply Private Reply
#2: hondo68 To: Pinguinite (#0)
Let the market decide, they'll figure out the real price of a physical piece of silver & gold.
The demand for toilet paper is going UP, so your Frn's still have some value.
hondo68 posted on 2020-03-16 14:48:11 Reply Private Reply
#3: Horse To: hondo68, Pinguinite (#2)
The paper and physical markets have split permanently. Not sure how much longer paper will be worth anything.
Horse posted on 2020-03-16 21:21:32 Reply Private Reply
#4: sonny To: Pinguinite (#0)
sonny posted on 2020-03-16 22:29:36 Reply Private Reply
#5: noone222 To: Pinguinite (#0)
noone222 posted on 2020-03-17 07:51:48 Reply Private Reply
#6: BTP Holdings To: sonny (#4)
Nixon made it legal again for Americans to own gold after FDR rescinded that in 1933 with the Bankruptcy of the United States. ;)
BTP Holdings posted on 2020-03-17 08:01:09 Reply Private Reply
#7: BTP Holdings To: Horse (#3)
One of those big banks has been stockpiling silver. Not sure how much they have but it might be a few million ounces.
Silver can be used while gold cannot. ;)
BTP Holdings posted on 2020-03-23 18:22:28 Reply Private Reply
#8: BTP Holdings To: noone222 (#5)
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 Reply Private Reply
#9: NeoconsNailed To: BTP Holdings (#8)
NeoconsNailed posted on 2020-03-23 18:49:15 Reply Private Reply
#10: Horse To: BTP Holdings (#8)
Horse posted on 2020-03-23 19:25:25 Reply Private Reply
#11: randge To: Horse (#10)
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 Reply Private Reply
#12: BTP Holdings To: NeoconsNailed (#9)
Nope. The old man was my Dad. ;)
BTP Holdings posted on 2020-03-24 05:50:59 Reply Private Reply
#13: NeoconsNailed To: randge (#11)
Has the fat lady sung yet?
www.youtube.com/watch?v=mnkUNYhTlK8
NeoconsNailed posted on 2020-03-24 06:14:58 Reply Private Reply
#14: randge To: NeoconsNailed (#13)
PM's are the Energizer Bunny of assets.
They take a licking . . .
randge posted on 2020-03-24 06:24:55 Reply Private Reply
#15: NeoconsNailed To: BTP Holdings (#12)
Then that would be 'my old man' in proper English ;)
NeoconsNailed posted on 2020-03-24 06:31:29 Reply Private Reply