Re: Silver shot up......
[Re: James]
#6939092
07/22/20 09:15 PM
07/22/20 09:15 PM
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Joined: Mar 2010
Posts: 5,948 2A Sanctuaries-W. OK & N. NM
Blaine County
trapper
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trapper
Joined: Mar 2010
Posts: 5,948
2A Sanctuaries-W. OK & N. NM
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Imagine how the value of our gun investments will shoot (lol) up if Biden wins!
Jim I've thought about that quiet a bit. I know I would never sell them, but high capacity magazines will be the real money maker. My advice--if you haven't been stocking up on them by now, you are late.
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Re: Silver shot up......
[Re: Marty]
#6939125
07/22/20 09:36 PM
07/22/20 09:36 PM
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Joined: May 2010
Posts: 10,485 MN
Steven 49er
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trapper
Joined: May 2010
Posts: 10,485
MN
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Silver is just getting warmed up, gold is 3 percent from it's all time high. It will take some time but silver should make a run at it's high. It has nothing to do with industrial demand or jewelry and everything to do with central banks of the world taking the breaks of the printing press.
Gold is not currency, it's the only true form of money
"Inflation is always and everywhere a monetary phenomenon". Milton Friedman.
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Re: Silver shot up......
[Re: Marty]
#6939270
07/22/20 11:12 PM
07/22/20 11:12 PM
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Joined: Jan 2007
Posts: 2,137 mo.
nate
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trapper
Joined: Jan 2007
Posts: 2,137
mo.
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Re: Silver shot up......
[Re: Marty]
#6939280
07/22/20 11:23 PM
07/22/20 11:23 PM
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Joined: Dec 2015
Posts: 6,341 se South Dakota
NonPCfed
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trapper
Joined: Dec 2015
Posts: 6,341
se South Dakota
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Yeah, the percent Apmex is charging over spot has certainly gone up. In past few years, I've bought U.S. silver eagles of the calendar year for about $7-8 over spot. Just checked, 2020 Eagles are running over $35 a piece on Apmex and spot now is $22. In January or so, I bought a roll of ave circulated Merc dimes from Ampex for I think $76. Now they're $97 but that's still lower than what they were at the end of March. I'm sure the Apmex, and all the precious metals reseller people are smiling...
"And God said, Let us make man in our image �and let them have dominion �and all the creatures that move along the ground". Genesis 1:26
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Re: Silver shot up......
[Re: Steven 49er]
#6939375
07/23/20 05:46 AM
07/23/20 05:46 AM
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Joined: Dec 2013
Posts: 14,867 Greene County,Virginia
run
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trapper
Joined: Dec 2013
Posts: 14,867
Greene County,Virginia
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Silver is just getting warmed up, gold is 3 percent from it's all time high. It will take some time but silver should make a run at it's high. It has nothing to do with industrial demand or jewelry and everything to do with central banks of the world taking the breaks of the printing press.
Gold is not currency, it's the only true form of money Interesting.
wanna be goat farmer.
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Re: Silver shot up......
[Re: white17]
#6939394
07/23/20 06:51 AM
07/23/20 06:51 AM
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Joined: Mar 2010
Posts: 5,948 2A Sanctuaries-W. OK & N. NM
Blaine County
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trapper
Joined: Mar 2010
Posts: 5,948
2A Sanctuaries-W. OK & N. NM
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The majority of the gain n Ag/AU is because of the the weakness of the dollar, which has declined 2% this month. Inflation isn't even a blip on the horizon. The ratio of prices between AU & AG hit 124 in March. Currently that ratio is 83
The 35 year average of that ratio is below 70. That tells ya one of two things will happen. Gold will drop or silver will rise.
I think you're right. It seems like silver has some more room to run in the near future.
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Re: Silver shot up......
[Re: Marty]
#6939593
07/23/20 10:21 AM
07/23/20 10:21 AM
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Joined: May 2012
Posts: 5,898 michigan,USA
seniortrap
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trapper
Joined: May 2012
Posts: 5,898
michigan,USA
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If cash becomes worthless silver/gold may be a good thing to have for currency Tell me how do you purchase bread and butter and beer if the paper money goes away?
Vietnam--1967 46th. Const./Combat Engineers
"Chaotic action is preferable to orderly inaction." "After the first shot, all plans go out the window!"
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Re: Silver shot up......
[Re: seniortrap]
#6939640
07/23/20 10:56 AM
07/23/20 10:56 AM
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Joined: Dec 2006
Posts: 21,716 Sandhills Nebraska
Gary Benson
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trapper
Joined: Dec 2006
Posts: 21,716
Sandhills Nebraska
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If cash becomes worthless silver/gold may be a good thing to have for currency Tell me how do you purchase bread and butter and beer if the paper money goes away?Plastic debit card/credit card.
Life ain't supposed to be easy.
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Re: Silver shot up......
[Re: Marty]
#6939667
07/23/20 11:24 AM
07/23/20 11:24 AM
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Joined: Jun 2012
Posts: 677 kansas
larrywaugh
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trapper
Joined: Jun 2012
Posts: 677
kansas
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Is the price of scrap steel rising also?
Won't take no prisoners,won't spare no lives.
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Re: Silver shot up......
[Re: seniortrap]
#6939669
07/23/20 11:25 AM
07/23/20 11:25 AM
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Joined: Jan 2014
Posts: 21,074 North East Kansas
Marty
OP
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OP
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Joined: Jan 2014
Posts: 21,074
North East Kansas
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If cash becomes worthless silver/gold may be a good thing to have for currency Tell me how do you purchase bread and butter and beer if the paper money goes away?A couple of 90% silver dimes....it would be homemade bread/butter.
E 'Honey Badger Militia' Sleep, the anti woke adote.
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Re: Silver shot up......
[Re: larrywaugh]
#6939672
07/23/20 11:34 AM
07/23/20 11:34 AM
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Joined: Dec 2006
Posts: 17,652 Rodney,Ohio
SNIPERBBB
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trapper
Joined: Dec 2006
Posts: 17,652
Rodney,Ohio
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Is the price of scrap steel rising also? Not sure about those but cryptos are up again
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