Is Silver next?

[ancjr]

Prices up today.

View attachment 195574 View attachment 195575

Oil and PMs doing well today.

 

[spencer rifle]

Aaaannnd....PMs headed back down again.

 

[MindfulMan]

Now this thought really will blow our minds I think. The value of gold is priced in USD. But if the USD is no longer the worldwide reserve currency, and that switches to yuan or rubles or crypto, then what are precious metals really worth?

Will the average person be allowed access to Fort Knox .... to collect souvenirs ?

 

[snorko]

Aaaannnd....PMs headed back down again.

I think gold is solidly over $1,900 and will bounce in the $1,925-$1,985 range for a bit. I suspect silver will creep to the +/-$27.50 range. That will still be a ratio of over 70:1. I had planned to sell some bars this spring to fund some remodeling but I just can't do it with the current volatility.

 

[ancjr]

 

[DoggyDaddy]

Picked up 7 more rounds from Provident when spot hit 24.66 this morning.

 

[sethr]

Another Hunt Brothers event coming up?

LOL! I'll sell fast if it does.

 

[sethr]

What is a physical silver eagle worth today if one had an opportunity to buy today? Value in physical 100oz lots?

I

What year, condition, type of buy?
Go to usmint.Gov and orice a monster box of 500. Check APMEX for best price online.

 

[ancjr]

 

[ancjr]

I have a feeling this next week is going to be interesting.

 

[snorko]

I have a feeling this next week is going to be interesting.

how so?

 

[DoggyDaddy]

 

[ancjr]

how so?

The stock market has been in a selloff since Thursday.

 

[snorko]

As usual, you're welcome. Spot dropped to $24.06 last night before bedtime and I placed a small silver order.

 

[ancjr]

Every dip looks like "the last good time to buy for a while"

 

[spencer rifle]

Keeping a close eye on the 20 Corona Austrians. Low premium, only .04 oz. less than 1/5 ounce, so a good fraction. Only issue - no content markings.

No one seems to have 1/2 oz. arts commemoratives in stock.

ETA: JM and Provident now have them for less that $1000. Must have just got some in today.

 

[snorko]

Every dip looks like "the last good time to buy for a while"

Indeed.

 

[ancjr]

Lockdown in China is a factor here.

 

[spencer rifle]

Gold spot is a tease. Moving right down to 1900, then back up again.
Slut.

 

[spencer rifle]

Ordered 3 of these during the dip this morning (it was all they had):