Silver Just Skyrocketed Almost 40 Cents Over The Night!

By the way the owner who has been in this business for 39 years says this is just the tip of the iceburg. This will rival the early 1980's

Passed $23 now

Melt value of 90% silver is about 16.7x face value.

Warjag thanks for sharing.

I think we will be up the rest of the week then turn down through october. Just my opinion.

Afcop13, do they ever reply with "you can't eat gold and silver" . I hate that line so much.

Sigh, we need to learn some economics. Our once great nation, the US owes lots and lots of money to other countires like Japan, China, and Germany, and many more. Unfortunately the debt is piling up big time due to great presidents like Bush. So Uncle Sam is employing a simple technique to save us, er himself. INFLATION, maybe even hyperinflation. Meaning we print more money then needed to pay off the other countires, also a lower currency is wonderful for trade. Look at China and Japan. Sure the US is #1 is almost everything, but Chinas catching up. Just one last thing, German had hyperinflation after ww1, a loaf of bread costed billions of marks in the 20s, well guess what we are next!

I don't want to over do it on the bullion silver because the day I want to sell there might be some trouble in selling 100oz or more because of the volume. 2 oz of gold around the same value as 100 ounces of silver.

"Yes and yes. Although, when I bring up gold/silver prices to alot of people who are big into property protection, guns, etc., they often give the deer in the headlights look."

yeah go figure on the headlights. people don't often see such a quiet art as coin collecting to be so obviously important to self autonomy/protection, etc. but if there's a last train and you need to get on it, you'd better have some currency. or you can also consider it being important because in a collapse scenario, metals are a way of avoiding having to trade off the basist necessities: rifle, ammo, food, water.

"oblakavshtanax...funny you say that....the survivalists I know all have silver/gold....maybe it's just the area...I have some myself but as I always tell them...you can buy anything with bullets,so make that the priority....after all if food becomes scarce, I'm not trading mine for silver"

precisely. then again, it's carrying the ammo that you've got to worry about. a couple rolls of Roosevelt dimes would be unnoticeable and worth about 500 bucks. and well you can remedy the food problem very very easily now. just go buy a bunch of rice and beans in bulk. or every time you shop buy a couple extra bags. *survival rant /off*

the gold thing these days is a scam, though. I mean think about it: they mandate all gold is turned in, sell a sizeable chunk to europe, the bank of england, etc. in the 30s, and now they're selling it back to us at a premium.