I called ahead yesterday and was told 90% spot value. I drove about 100 miles and took my silver in to the shop today. No testing as it was stamped .999 and JM silver. No SS#. Scanned my I.D. Sold one gold coin for melt value of 93% spot. Cash money.

Silver was $100 per ounce sold for.

Wouldn’t your ID be connected to your SS#?

didn’t do any type of test,,, going only on a stamp,,, that’s a brave buyer

I've been contemplating the idea of 15 to 1 GSR all night.

What does that even look like?

If gold doesn't change one penny that puts silber at 350$ What will physical liquidity look like then?

Of course gold won't stay static, so say 500 dollar silber and 7500 gold? What does society look like then? Where are we going to sell our silver? The local coin shops won't have the money. I suppose the market will figure it out, it will be a paradigm shift.

At what point does manufacturing say enough is enough and find an alternative? Then what?

Silver has seen 15 to 1 once and that was during the Hunt Bros attempt to take down the silver market. It saw 17 to 1 right before Nixon took us off the gold window, that ratio only happened because the price of gold was fixed and silver wasn't.

I only see one window for a 15 to 1 and that is the world transitions away from fiat currency.

I also see a 20 or 30 percent correction coming, all bull markets have them. At what level will it be is the question and how will it go after that.
Anyhow it's all good if one is in the game.

Flash crash this AM. It was down to 106, no at $113.77. The game is a foot