Posted on 05/17/2024 11:30:10 AM PDT by algore
silver is up $1.75 today so far
That 50 Cal ammo can full of pre-’64 quarters is looking pretty strong. If I could only remember where the canoe flipped!
lake tippecanoe?
That investment in silver at $18 per ounce for one-ounce rounds may yet pay off...
31 Bucks an Ounce?
.
Local buyer goes 18——yeah, Right!
Silver seems to do fantastic one year out of every fifteen. The rest of the time its awful
the time to buy silver is when it is absolutely hated
... in Tyler too!
Hunt Brothers back?....................
Spot silver went to almost $50.00 oz. in the 80’s when the Hunt Brothers tried to corner the silver market...
The market went from $14.00 to $49.xxin a matter of weeks.
I was trading corn and soybean futures at the time — there was one trader who shorted 3 silver contracts and was badly behind...then the market locked ‘limit up’ for multiple days with ‘extended limits’ — his buy order (remember he had already sold silver) had been in for days. It cleared at limit up, then the next tick was limit down.
Your memory is just not long enough.
BTW the guy had to sell his rental duplex to settle up...
Commodities are not of the faint hearted.
My y2k buy was at $5
Gold is up up up so folks are probably turning to a more affordable precious metal.
I followed Harry Browne and was able to buy a new car with the silver dimes I had purchased.
we’ve been foretold that silver is going to $500 or more....then I’ll rejoice..
I’ve come to believe that...
Yeah, I filled that ammo can at about $14/oz long ago, knowing it was an insurance policy, at best, should things go sideways and unravel. And here we are today. Time to don the wetsuit and snorkel! Until now, it’s made a great lil’ mooring anchor.
Didn’t buy it as an active investment, I bought it (many years ago) for when SHTF.
This price increase is making it very tempting to sell some off.
Mirroring Au
Silver is in a long-term supply deficit, made worse by government mandates to promote solar energy and lack of investment in mines. Copper, which produces a lot of secondary silver, is in the same position.
Silver has just started to break out. I can only speak to my own case, but I am holding out for much higher prices ($70-$100 oz)
Is it correct to say that the Hunt brothers “tried” to corner the silver market? Yes, they did try, and they did, is what I’ve read. The gubbmint changed the rules though, and wiped them out.
One thing i always hear is people talking about “investing” in gold. It is speculation, not investing. Currency speculation. Gold trades on the currency desk, doesn’t it?
It’s a bet against the dollar, basically. That’s always been a tough row to hoe, until recently.
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