There are two problems with metal. The first problem is that silver and gold are heavy in you can't flee with it and when it comes down to it, the guy with a gun and loaves of bread and toilet paper is going to give you what he says the price is for that shiny metal, just like people are being cheated in this Coronavirus market.

Second is a bit more interesting as in atomic warfare, metals absorb radioactivity. Gold, silver, platinum or anything else gets exposure to a nuclear reaction, and it will be pure poison, just like sticking your head into a nuclear reactor. Lastly, there are cobalt stockpiles and tons of cobalt in your batteries. In a hydrogen detonation, all of that transforms into something more lethal than plutonium, as the half life is 5 years, it will kill every red blooded creature in that area. That is what a cobalt bomb is and why the Russians have been building their "Tidal Wave" bombs using cobalt cores.

This silver jump has nothing to do with market use for computer manufacturing gearing up. No more than gas prices spiking for " summer holidays". It is the 1% phreaking suckers into buying silver as a great investment, to drain liquidity from the few people who have money in this plague, before the price deflates again.

No one is going to get rich from silver and gold. FDR stole all the gold from people by decree. If those in power want that coin they will make you a criminal and take it. People should be caching things they need, so they do not have to barter 500 pounds of silver for a loaf of bread.

If there is a nuclear holocaust things could get dicey.....

I can always make fire

Lot of ways to gain exposure to the metals.. Awfully high right now to be buying into.. Probably a pull back just ahead of us after this big run up.. I'd really keep an eye on silver and buy with both hands if it drops back to $18.50 is what some smart folks are saying..PSLV through a brokerage account is a very easy way to play.. Miners are another avenue, but you know what Mark Twain said about Gold mines (silver to) They are a hole in the ground with a liar standing over it, loosely parphrased LOL... But a couple of liars I'd watch are AG, FNV and the ETF SILJ..

I get a lot of junk mail and its mostly to sell me something I don't need. The latest has been a sell starting out with the goverment buying all the gold in the 1920's at $20.67 per ounce, then when they got most of it bought up they valued it at $32. Made the gov a nice profit. Then in the "70's we went off the gold standard and went to monopoly money. Now what this guy was saying is that with the big covid give away and all the trillions owed to China, the only way they can overcome is to change games and make a profit the way they did with the gold in the depression era He says that the gov will set an expiration date that all cash will expire and if you have any kept back you can keep it with your Confederate Greybacks and wait for it to be a collectors item. In the process everything will be switched to electronic money and a new game.

I had already wasted 15 minutes reading the sales pitch and didn't read the cure or the price he was wanting. So if you think the game is changing then get ready to "Come On Down".

LOL !!!! What gets me is ....if precious metals are such a great deal, why are these people begging you to buy theirs ??

What goes up must come down.

They probably make money on both sides of the sales so what the spot price is don't matter much to them and if it crashes they just buy more till the price rebounds.

Some of the bigger ones are no doubt hedging also even though that could be expensive at these levels

That goes without saying. With another 2 trillion dollar stimulus in the works the DXY will go lower, there isn't anything from stopping the dollar dropping to levels during the last recession. With the amount of money being created it should go even lower. That should bode well for the fur market but not this fall. I agree that inflation isn't in the picture, at least not yet, we'll see a deflationary spiral first. Also just wait until the FED starts buying equities. Then it will be katy bar the door.



Eagles are selling at such a high premium because the mint shut down, it's a supply issue. A person could have purchased a roll of dimes in March for far lower than in March, maybe not apmex but lower non the less. There is approximately 3.55 ounces of silver in a roll of dimes, I was buying five ounce bars for less than 97 end of march early april. Hard to find but they were out there. Establish a relationship with the bullion dealers, jewelers and pawn shops in the sioux falls area.



Not all states charge sales tax on bullion, MN and WI do, I go to ND or do private transactions with like minded individuals.



Silver is heavy, a pocket full of gold is not so much. I'm not fleeing anywhere, I like it here.



For the same reason people sell stocks. Ken, what do you think about Shelton probably being on the board of Governors for the Federal Reserve. The Keynesians must be rolling in their graves lol.

I think she may be a breath of fresh air. God knows they don't have any exit plan for where they are now. Some unorthodox ideas might be a good thing !!

White17.. those cats begging you to buy their metal are making bank at both ends.. Considerable spot over market price to purchase physical right now, and then God forbid you ever sell back to them, a deep discount to market.. I'd say it's a great business to be in as long as you don't have a conscience.. My .02 worth anyways..

I'm sure you're right !!

If it drops that low, lots of people will buy. Demand will be high. Wonder if it will be hard to get.

Price of precious metals are rising from the new trillions the Gov is planning for covid relief. That was my take on what I have read and have heard on the news.

We are selling. Will buy again when it tanks. People like to do the opposite. Not sure why. Greed, fever. Who knows. As the old saying goes. Buy low. Sell high.

When did believing in the gold standard and sound money practices become unorthodox? Serious question.



If that is what you call not having a conscience, what do you call it when Apple pays way hung lo chinaman slave wages to produce an item and sell it over here for a mark up that makes the bullion dealers envious.

There is a large market out there for metals outside of the big dealers, buy and sell in the street, beat the bush.

Steven49er- Buying silver is not one of my hobbies, usually do it only once a year. The junk Merc dimes this winter were a first for me. I'd love to see some pics of your silver stash but then you'd have to whack us so I think I'll pass But, if I was going to get into silver in a bigger way, I'd would follow your advice to network...

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My silver stack isn't very big. I lost most of it in a suspicious boating accident. Sad part is my AR lowers and high capacity magazines went down with it as well.

Seriously though, it's not all that big, no where near as big as I'd like. I'll slowly add to the pile, roll of dimes here, a roll of quarters there eventually it adds up. No time better than the present to network, who knows, maybe you could develop a side hustle buying and selling. I'd love to do it but there just isn't enough people up here, if I lived near one of the coasts I'd be all over it.