4um: Silver hits low of $11.30

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Title: Silver hits low of $11.30
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Published: Mar 16, 2020
Author: Me
Post Date: 2020-03-16 13:57:46 by Pinguinite
Keywords: None
Views: 2405
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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#1. To: Pinguinite (#0)
Of course I strongly doubt any physical silver could go that low.

Not unless you're buying from a panicky individual. Looks like dealer premiums may be ~50%+ if you can find supply.

Is a decoupling event of paper to physical silver prices neigh?

It's decoupled, if you're buying.
The light that burns twice as bright, burns half as long. - Dr. Eldon Tyrell
Godfrey Smith: Mike, I wouldn't worry. Prosperity is just around the corner.
Mike Flaherty: Yeah, it's been there a long time. I wish I knew which corner.
My Man Godfrey (1936)

Esso posted on 2020-03-16 14:17:54 ET Reply Trace Private Reply
#2. To: Pinguinite (#0) (Edited)

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.

Ron Paul - Lake Jackson Texas Values
hondo68 posted on 2020-03-16 14:48:11 ET (1 image) Reply Trace Private Reply
#3. To: hondo68, Pinguinite (#2)
Earlier today I posted actual prices from people selling real silver. The prices were low but not that low and the premium would bring you back to the physical silver price of last week.
The paper and physical markets have split permanently. Not sure how much longer paper will be worth anything.
The Truth of 911 Shall Set You Free From The Lie
Horse posted on 2020-03-16 21:21:32 ET Reply Trace Private Reply
#4. To: Pinguinite (#0)
At a Minimum - 10 Troy Pounds of Silver would be advisable, for buying ammo , medical , booze , maryjane , food etc - for when the Shit does hit the fan

sonny posted on 2020-03-16 22:29:36 ET Reply Trace Private Reply
#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.
"And have no fellowship with the unfruitful works of darkness, but rather reprove them. "
The best thing about old age is that it doesn't last forever.
noone222 posted on 2020-03-17 7:51:48 ET Reply Trace Private Reply
#6. To: sonny (#4)
Silver

Nixon made it legal again for Americans to own gold after FDR rescinded that in 1933 with the Bankruptcy of the United States . ;)
"When bad men combine, the good must associate; else they will fall, one by one." Edmund Burke
BTP Holdings posted on 2020-03-17 8:01:09 ET Reply Trace Private Reply
#7. To: Horse (#3) (Edited)
The paper and physical markets have split permanently. Not sure how much longer paper will be worth anything.

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. ;)
"When bad men combine, the good must associate; else they will fall, one by one." Edmund Burke
BTP Holdings posted on 2020-03-23 18:22:28 ET Reply 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. ;)
"When bad men combine, the good must associate; else they will fall, one by one." Edmund Burke
BTP Holdings posted on 2020-03-23 18:28:35 ET Reply Trace Private Reply
#9. To: BTP Holdings (#8)
The old man? Harrison Sr. on Pawn Stars? ;)
_____________________________________________________________
USA! USA! USA! Bringing you democracy, or else! there were strains of VD that were incurable, and they were first found in the Philippines and then transmitted to the Korean working girls via US military. The 'incurables' we were told were first taken back to a military hospital in the Philippines to quietly die. – 4um
NeoconsNailed posted on 2020-03-23 18:49:15 ET Reply Trace Private Reply
#10. To: BTP Holdings (#8)
Silver bounced back up. Gold too.
The Truth of 911 Shall Set You Free From The Lie
Horse posted on 2020-03-23 19:25:25 ET Reply 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 Trace Private Reply
#12. To: NeoconsNailed (#9)
The old man? Harrison Sr. on Pawn Stars?

Nope. The old man was my Dad. ;)
"When bad men combine, the good must associate; else they will fall, one by one." Edmund Burke
BTP Holdings posted on 2020-03-24 5:50:59 ET Reply Trace Private Reply
#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
_____________________________________________________________
USA! USA! USA! Bringing you democracy, or else! there were strains of VD that were incurable, and they were first found in the Philippines and then transmitted to the Korean working girls via US military. The 'incurables' we were told were first taken back to a military hospital in the Philippines to quietly die. – 4um
NeoconsNailed posted on 2020-03-24 6:14:58 ET Reply Trace Private Reply
#14. To: NeoconsNailed (#13)
That's not a fat lady, NN.
PM's are the Energizer Bunny of assets.
They take a licking . . .

randge posted on 2020-03-24 6:24:55 ET Reply Trace Private Reply
#15. To: BTP Holdings (#12)
The old man was my Dad. ;)

Then that would be 'my old man' in proper English ;)
_____________________________________________________________
USA! USA! USA! Bringing you democracy, or else! there were strains of VD that were incurable, and they were first found in the Philippines and then transmitted to the Korean working girls via US military. The 'incurables' we were told were first taken back to a military hospital in the Philippines to quietly die. – 4um
NeoconsNailed posted on 2020-03-24 6:31:29 ET Reply Trace Private Reply
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