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Silver Could Explode Within Weeks
Daily Reckoning ^ | 10-31-2020 | James Rickards

Posted on 10/31/2020 4:32:49 PM PDT by blam

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Junk Silver/Junk Coins

Junk silver in the form of Pre-1965 US Coinage. From top left: Silver dimes in paper 2 x 2 holders, a roll of dimes and a mixed-loose lot of half dollars, quarters, dimes and "wartime" nickels.

1 posted on 10/31/2020 4:32:50 PM PDT by blam
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To: blam
How many years are the silver pumpers going to do this?

Silver is a commodity (like gold). Commodities do not do well against a strong US dollar index - which it is.

2 posted on 10/31/2020 4:36:40 PM PDT by politicket (Don't remove a Bernie Sanders bumper sticker. It's the only thing holding the car together!)
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To: blam

Maybe, maybe not.

There’s one thing that’s certain about silver - in 1964 a silver US quarter would buy you a gallon of gas. Today that same silver quarter will still buy you a gallon of gas. I expect this will continue to be the case for the foreseeable future.


3 posted on 10/31/2020 4:37:58 PM PDT by Junk Silver
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To: Junk Silver

Give that 90% silver quarter to the gas station attendant and demand a gallon of gas. He will laugh at you. A quarter is a quarter, regardless of its silver content.


4 posted on 10/31/2020 4:41:08 PM PDT by Fungi
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To: Junk Silver

Unfortunately my local gas/beer station doesn’t seem to take junk silver.


5 posted on 10/31/2020 4:41:40 PM PDT by Paladin2
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To: blam

junk silver bookmark


6 posted on 10/31/2020 4:42:18 PM PDT by SteveH
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To: blam

nope. ammo will be the currency.


7 posted on 10/31/2020 4:44:39 PM PDT by StolarStorm
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To: blam
I bought a shit ton of Bitcoin the last time it dipped below 10k, and it's doing well now, just like 2016 Election time and months after when it exploded above $20k.

If the author is right about massive civil unreast, you could just buy silver futures in an Ameritrade or Tradestation, etc. Or short the S&P index futures.

8 posted on 10/31/2020 4:47:12 PM PDT by montag813
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To: blam

I’m sitting on 2600 ounces that I bought some years back at a bit over $11/ounce.

Would not mind tripling my money.


9 posted on 10/31/2020 4:48:10 PM PDT by traderrob6
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To: politicket

I will take the things I’ve made from silver and make small sterling ingots. The made things no longer sell.


10 posted on 10/31/2020 4:50:26 PM PDT by bert ( (KE. NP. N.C. +12) t Zip-a-dee-doo-dah, zip-a-dee-ay My, o. h, my, what a wonderful day)
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To: blam

Isn’t there a shortage of coins?


11 posted on 10/31/2020 4:50:58 PM PDT by mass55th ("Courage is being scared to death, but saddling up anyway." ~~ John Wayne)
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To: politicket

“How many years are the silver pumpers going to do this?”

Amen

Back in the old days, this was called “front running” and was illegal in the securities industry.


12 posted on 10/31/2020 4:51:35 PM PDT by VMI70
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To: traderrob6

Troy ounces, yes?

Do you have it physically with you or on paper?


13 posted on 10/31/2020 4:53:20 PM PDT by Secret Agent Man (Gone Galt; Not Averse to Going Bronson.)
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To: politicket

I know, right?
They’ve been telling us that for 20 years.
Right now the best metals investment is in lead, copper and brass in various calibers.


14 posted on 10/31/2020 4:53:30 PM PDT by Lurkinanloomin (Natural Born Citizens Are Born Here of Citizen Parents|Know Islam, No Peace-No Islam, Know Peace)
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To: Fungi

I got a 1909S Barber quarter last week in change at the local pump and munch.

Worth a whole $4.


15 posted on 10/31/2020 4:56:20 PM PDT by ButThreeLeftsDo (MAGA!!!)
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To: Fungi

I stand corrected - a quarter is indeed just a quarter. If anyone wants to send me all of their tarnished old pre-1964 quarters and dimes I will cheerfully send you back crisp dollar bills for those exact face-value amounts. I’ll even pay postage!

My point was that prior to 1964 American coins had intrinsic value. The value of a 1964 silver quarter now is pretty much exactly what it was in 1964 - $3.50 in today’s money. A 1965 quarter made from nickel and copper is still worth 25 cents.


16 posted on 10/31/2020 4:56:34 PM PDT by Junk Silver
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To: blam

silver has been hanging around 23-24 for a week or two. Was up to 28-29 a few about a month ago. Sold some years ago for around 40. That is when you sell a fork or spoon or two. Will be interesting to see what happens. At $30 a roll of pre 1965 quarters is worth $217.


17 posted on 10/31/2020 4:57:03 PM PDT by DOC44
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To: traderrob6

18 posted on 10/31/2020 4:58:10 PM PDT by blam
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To: Lurkinanloomin
Right now the best metals investment is in lead, copper and brass in various calibers.

👍 I've heard red dots aren't too bad of an investment either.

19 posted on 10/31/2020 4:58:22 PM PDT by politicket (Don't remove a Bernie Sanders bumper sticker. It's the only thing holding the car together!)
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To: blam

Silver is a small market. If it can be played like a ponzu scheme, it can go to the moon.

Otherwise.....pffft

-30 yr finance career


20 posted on 10/31/2020 4:59:43 PM PDT by Professional
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