Silver up over a dollar in the last hour currently at $22.28

originally posted by: projectvxn
a reply to: CriticalStinker

Yep.

Trump is spending like a liberal and we're letting him do it. I'm pretty sure liberals don't care, but 6 trillion since taking office is a record.

Did you listen to Peter Schiff on JRE? That made me legitimately concerned. Peter is one of the few people that I am close to on an economic platform. I was not thrilled when I heard him on the podcast reaffirm many of the same concerns I've had going through this crisis.

I won't put all the blame on Trump as the large spending numbers are more of a result of the pissing match between both sides. Rather than compromise through reduction of numbers, they're each getting equity where they want by allowing the other side to have what they want. We're seeing more socialist programs for citizens, corporation, and small to mid businesses than a lot of European countries we use as the barometer for western socialism.

If anyone things that will all be paid back in weighted shares for who used suck programs, you're sadly mistaken. The middle class will likely take the lions share of repayment.

a reply to: CriticalStinker

I think Schiff misses the point in a lot of this and my post above sorta does the same.

I recognize Trump is handicapped by the limited representation he enjoys in the House. I also understand that the level of corruption in Washington is ramped up AGAINST the Trump administration. I also understand that COVID19 is a rainy day.

That does not absolve Donald J. Trump from answering how the hell we're going to bring our debt to a manageable level. The problem is that we have no freaking rainy day fund and it is pouring right now. Pressure from China, domestic communist insurrection, COVID19, and our continued commitments in Afghanistan that, to be fair, President Trump has tried to stop and congress rejected.

I have long ago lost faith in the solvency of the US. While Powell was raising interest rates life was getting good for me. But now the printers are on and they are bring cranked by a Super Saiyan on meth.



We need to generate capital again and the way you do that is through savings not printing.

a reply to: projectvxn

I couldn't agree with you more, on all your points above.

I find it deeply disturbing that we're seeing exponentially more credit lines being opened now of all times.

Ideally, the free market needs to determine where incentives should lie... But if we are going to have natio AL policy or guidance, savings like you said are where we should place incentives.

The path we're on is one towards forced reconciliation. I don't think people understand how that landscape would look.

a reply to: CriticalStinker

On the bright side the obesity problem is about to be over.

I bought enough silver shot to keep my economic needs going on the ground. Bitcoin for everything else.

a reply to: projectvxn

n the bright side the obesity problem is about to be over.

Lol, that's an interesting way to find optimism, or at least to lighten the idea of everything (pun intended).

bought enough silver shot to keep my economic needs going on the ground. Bitcoin for everything else.

I'm trying to decide in the next two months how to reposition my liquidity. I'm heavily leaning towards real estate at the moment. I can do a down payment and have enough payments to weather another crisis.

a reply to: CriticalStinker

Well...Not sure if this is the proper way to address obesity, but nothing works better than economic privation.

a reply to: CriticalStinker


Start saving money in ways that will earn you a return that outpace inflation. Keep in mind that you may not be successful if you remain with USD denominated assets.

a reply to: stosh64

Back to your original question of 'how high might silver go', I would counter-question - do you believe in fractal patterns?

If you look at this link, and all the prior silver tops, and try to imagine a pattern, maybe it could go as high as ???? in the 80's at a minimum ???

I have no idea, but lets see if the pattern holds.

www.finviz.com...

I do not plan to sell my silver at any cost in the near term, but then again, I am at a different stage and need in my life than is the situation in your life. Respect.

a reply to: stosh64

I think selling now is a big mistake, theirs a big problem on the Comex which as I read it will come at the end of September when a load of contracts are due and they haven't got the physical's. This rise is in anticipation of that. The spot price has nothing to do with the actual physical anymore. JP Morgan cant print silver which is at the crux of the matter. As long as you have some physicals psychologicaly you feel financially secure, whatever the Banks do.
This vid was aired a few weeks back and it made me take note, he gives the reasons why silver was going to go up before it did, simply because all he does is watch the trades on the Comex. Reality states that the gold silver ratio should be 14/1 because that's the way it comes out of the ground At some stage this has to be reached, no one can see the future but this guy seems on the ball, personally I wouldn't be surprised that the price of gold might be a bit inflated, and a weird situation develops where people will be selling gold to get silver. www.youtube.com...
8mins in for silver

Thanks for all the replies!
Monday morning, 7/27, 6am est, silver is $24.11, up about $2 over the weekend.

a reply to: stosh64


It must be life boat time.

a reply to: stosh64

So how high will it go?

a reply to: Aallanon


Its 25.06 an oz at the moment, 25 was a barrier it will probably be thirty in a few days. Its a bad sign for the economy. Considering a good Toga and sandals in ancient Rome , cost the same today as a good suit and shoes do in Gold today. The last time gold was this high silver was 50 an ounce.

a reply to: Fowlerstoad

Not to toot my own horn (actually my trader friend deserves any credit, but he seems to know his stuff).

It did bounce up around 26, and fall back, just like he said. I am not worthy:

finviz.com...

The next run should go higher, but how high - who knows?

considering Silver as a Wealth Instrument...

with the background that up until the 20th century.... a one oz. silver coin was equal to a Days wages
and that the 6 Day work week was the norm

one silver coin a workday, per year, amounted to : 52 weeks X 6 workdays = 312 Workdays = 312 silver 1 oz coins

So i would not have a stash of Today's Silver Eagles @ $1 dollar ea. any larger than 312 coins in a gunny sack
~ as i reckon the 'Authorities' could call the owner of more than 312 silver dollars, a rich bass-turd, and seize It All ~

~~~~~~~~~~~~~~~

as to the value of that Silver, 1 ounce coin ---> at present the mint values Gold 1 ounce coins @ $50.00
the same US Mint issues 1 Troy ounce, Silver Coins at a value of $1.00 each

that makes the silver coin value at 1/50th of A Gold Coin

If the Gold Coin trades at $2000.oo per ounce Bullion -- then -- Silver at 1/50th the trade price would be = $40.00 each


these minted coins in many nations, over many years, have not been minted with haphazard values-of-worth...
indeed the Deep State/ NWO/ BIS/ World Bank/ Central Banks... in every nation that issues 1 oz Gold & Silver coinage has indelibly struck coin values for decades at approved bullion percentages...knowing full well that a Reset was a certain outcome... the When was the unanswered question

is it coincidence that China stopped minting 'Troy Ounce' Coins (Yuan)
and went metric, as in 30 grams of Gold per coin (Yuan) instead of the 31.103 grams of gold in a Troy Ounce

~~ I think the 'Reset' Monetary System...calibrated the China gold coin @ 30 grams as payola to China for the responsibility of maintaining the New Open Market Bullion Bank System for the Global monetary System with the Gold Bullion markets ~~ the Yuan or Renminbi replacing the Petro-Dollar as Reserve Currency for the Planet


just a few thoughts

a reply to: St Udio

I think a Denarii was a tenth of an ounce of silver. Which was a days wages. I often wonder if I had the same amount of silver and lived in the sixteenth century would I be a rich Bas#$@%.? Saying a nice estate , was worth twenty years salary of a common laborer . and he worked six days a week for a year, and making it easy, in a year he saved 300 Denarii that's a tenth of an ounce in each denarii so he ends up with 30 ounces for a years work that makes 600 ounces for twenty years. 600 ounces at 30 dollars an ounce works out at 18000 dollars. Their might be some stuff up in my math, but you get the drift. In a non industrial world a little goes a long way.

a reply to: anonentity

you see the glass 1/2 Full

i see the glass half empty

your exercise has the oaf saving 100% of wages earned...? the oaf eats what, dons what clothes, shelters free somewheres ?

/

a reply to: St Udio

It was a hypothetical exercise. Of what silver was worth in a non industrialized world, as compared to now. Considering most silver produced ends up in the landfill and is gone. Theoretically its scarcity will eventually affect supply and demand.

Up over a dollar today, @ $25.71 atm.
eta: $26.02