Sooner or later it's going to be a mushroom cloud.

SLV is structured completely different than an open stock. Open stocks can be traded without owning the stock. Its like when you put your paycheck in the bank. The bank doesn't take your money and keep in special place for you, they borrow it out, etc, etc. Stocks are similar, you own 100 shares of xyz stock, those 100 shares are borrowed out by the brokerage company your account is setup in. So technically, their are more shares available for every stock listing on the exchange. I forget the ratio, but its something like every available share of common stock is borrowed out 30 fold. Which a crazy, for example, if xyz company has 100 shares of stocks that make up the company. Common sense would say only those 100 shares could be up for trade. Instead, using the 30 fold number, those 100 shares are traded like 3000 available shares. That creates a huge supply and demand issue, especially when short trading. Short traders never actually owned the shares their trading.

Now, SLV cannot trade like a common stock. Its shares must be backed by physical silver and no addition shares and be created that aren't fully backed. This alone makes a short squeeze virtually impossible. However, the small bump we saw yesterday was the result of hype and volume trading on slv stock.

If your purchasing HARD stock, answer the question of where would you be able to purchase goods with a lump of silver weighing say, 5#? The paper stock is only good to wipe .......!

Only silver coin would be tradeable for face value. Or a $20 gold piece, that not a lot have.

If you look at the major large cap growth stocks, almost all are less than 1% short. Nowhere even close to 30 times the float.

Is it theoretically possible ? I suppose, but it is not the case in the real world.

The redit group that pushed the game stop thing has not said anything about silver. If you go to it they say the silver thing is a false flag being pushed by the news. Its just like all the armed protests the news claimed were going to happen after Jan 6.

Ultimately a well diversified portfolio of stocks, personal real estate and a bit of PM exposure held for many years is probably best for the long run. Cash or bonds are next to worthless and going to go negative at some point.. Keep putting your money in your 401K and Roth each week and dollar cost average your buys out.. Fun to play with a bit of cash, but most of us just need to be consistent.. Have fun with this run, but be safe!!! It's all fun and games until someone shoots an eye out!

I actually have a few people I deal with that prefer to be paid in silver coin and COPPER pennies for their goods. eg. produce, seafood, poultry, etc. The price I pay is that days current value of the metals. Good ole' barter system. Any large ingot of such can be melted down, shaved, or cut into "bits" like the old Spanish "bits" . . . "shave and a haircut, 2 bits" = .25 cents. It works for me and them and that's all that counts. Any coin dealer will also buy silver coins for if nothing else, melt down value, . . . minus their transaction fee / % of course. :-)

I have seen airplanes sold for half a pickle jar of gold dust

So where does a guy sell his silver coins?
The first may be a 64 quarter.
Second a 21 Merc dime plain VG.
And 300 more.

If you're asking me, what he does with his silver is his business. If he sells it, I would think he would sell to highest dealer. :-)

You have to stop thinking in terms of dollars and cents.

Neat.

^haha

Buying crypto currency is the new version of hedging against fiat currency (rather than metals). I'm putting retirement money into an index fund and not gambling on individual stocks. Never know what the world will look like in 20 years but I bet the guys will billions will remain wealthy. Us trappers will be picking up the crumbs worrying about the price of $2 rats or $50 coyotes, as usual.

1/2 gallon pickle jar would be equal to approx. 58.33 troy ounces of gold = approx. $ 107,910.00. . . yeah, you could buy a small plane for that :-)

Might get you a Super Cub on floats. White would know.

As I recall, it was in the late 1980's. I don't remember what the price of gold was at the time but I do know that the gold from this area assays at about 88%.....So using SJA's number that would give a value of around $ 95,000 for the gold.

The plane, which was a Cessna 185, was probably worth right around 100,000 at that time.

Today, you could probably buy a pretty nice Cub for that price........if you could find one to buy.

I also saw our state trooper buy a Piper Comanche for several 1000 dollar bags of US silver coins and several 100 ounce bars. That was 1985 I'm pretty sure

They squeeze silver hard enough, I might just turn loose of a few of the bars I have in the safe.