Silver Going To Break Out

Yeah I like junk silver too and wont turn my nose to it. Ive also been buying some 10 oz bars when on sale. Its a cheaper way to bulk up, well, actually both are. I still like my Maples, Libertys, and Britannias, as well as my Libertards but consider them more of a Luxury buy now. Especially the Libertards.

I had plans to buy as many Libertard years as I could and aquired about 10 different ones. But thats a tough set to start from scratch now and a few years are pricey. But for sheer beauty its hard to find a nicer looking coin.

Good thread, Silverskunk! I started with Morgans, just because they are purdy! Since, I have collected many different types of silver, for obvious reasons. Bars, medals, 90% junk (which doubles for variety searching ) and stock. I have been curious to see how some stock in a mining company will pan out in the future. Bought at .25 a share and have about 6000 shares. So far, not so good, it's down around .18 right now, but rebounding, we will see.... I bought it for long term though, did not expect it to happen overnight.

Let this sink in the Hunt Bros. tried to corner the Silver market .
Silver hit around $45 realistically in 1979 ..
And this...
$45 in 1979 is equivalent in purchasing power to about $198.22 today, an increase of $153.22 over 46 years. The dollar had an average inflation rate of 3.28% per year between 1979 and today, producing a cumulative price increase of 340.49%.
I am a coin dealer and would never invest in Silver or Gold or recommend any one do so .
Keep a small amount strictly for insurance purposes.invest elsewhere.
Profits from the coin business were invested in dividend paying stocks and real estate .
Far far more lucrative than gold or silver!

PMs are a legitimate investment option but its probably an anchor to others and surely not a good "one off" one. But I think silver is the metal of the future. I'll tell you one thing, and while I dont know a lot about silver I know a lot about history and military technology, and advanced military tech, specially missilery, uses a whole lot of silver. And right now we are in the middle of a new generation of missile technology transformation.

We are building an entire land based ICBM component as well as replacing and/or advancing our entire inventorys of sea, land, air, offensive and defensive missilery. And yes a fair amount of the silver used will be recycled from older retired weapons but the use of A.I. and more advanced components will demand an increase in silver usage. How much ? Nobody knows since its all classified and the Govt. isn't releasing this data.

But massive and unrecorded uses of silver are needed for advanced bombs, missiles, targeting technology, torpedos, nuclear weaponry, rockets, tanks, satellites, shells, war planes, everything that makes America the military juggernaut it is today is dependent on silver as well as rare earth minerals and advanced alloys. But its silver thats really critical. Critical enough to where data used for these weapons aren't even released to the public. What is know is America is reliant on foreign sources for 79% of the silver she uses.

Silver is also used heavily in nuclear and solar energy's technology's as well as the next generation of battery storage technology. Ive already stated its importance in the future EV auto battery tech and this alone will drive up its value. But the Govt. restriction of its silver data almost smells like they are hiding its value and keeping it artificially low.

But luckily America has fairly secure access to the metal, as well as being a top 10 producer itself. We hold very significant proven reserves of the metal as well but among the top 10 are countries we have pretty decent relations with and/or decent access. Argentina, Australia, Poland, Bolivia, Chili, Peru, and especially Mexico, are all huge producers and have a heavy stake in economic relations with America so our continued access is assured.

But were going into our 5'th year where demand has outpaced production. This alone is enough to account for price increases even more then we've seen. Indeed silvers story shows no sign of slowing down and its history has already earned it a high place of honor among metals. The next generation of technology's guarantees its importance to humanity and its beauty still takes ones breath away. $36.14 right now and I dont think its going to go down by much, if at all.

I still think its a good time to buy. Silvers future is assured.

Funny thing is, that is how I remember reading it. I had to scroll back to see where you made the error!

I believe it.

You're way ahead of most if you have bought 10 x 10-oz bars plus some 90% rolls. I don't know what percentage of people put money into physical precious metals but every time I talk about it to people they look at me like I have a 3rd eyeball growing out of my forehead or some just laugh and dismiss it. That's fine...they can be ignorant while you and I and others keep adding to our stacks.