A year ago Silver spot was about $30 an ounce.
Yesterday’s spot?
1.0 Silver Ounce equals
$117.32 US Dollar.
That’s the Comex price which is the paper market here in the U.S..
I saw a report earlier tonight that said Silver was selling for $140 an ounce in the Shanghai market.
It really doesn’t matter for people like us because it is basically Unobtanium at this point anyway.
The U.S Mint quit selling for at least a month but they raised the price of a minted one ounce coin to $170 before they shut down.
They know damn good and well what is coming.
So it begs the question: “How worthless is YOUR Dollar today?”
Or… more to the point…. “How worthless will your Dollar be… in a week or two?”
But think about how much LESS the amount of gold / silver is the National Debt reflective of now?
We were never allowed inside Ft. Knox, so you can rest assured there are no gold reserves, along with the fact foreign nations can’t get their own gold back from the US .
The national debt is in full orbit, numbers ranging from $100-200 trillion from those counting all the unpaid and future derivatives.
In a very short time we will be finding ourselves in Weimar Germany when it took a wheelbarrow of cash to buy a loaf of bread.
To all of you with bank loans on your house and cars, good luck, and don’t forget your property tax bills, they will seize your property for un-paid tax bills like they did in the 1930’s.
“it is basically Unobtanium at this point anyway.”
I remember 15-20 years ago when most all of the “freedom blogs” were urging people to buy bags silver currency; dimes, quarters and half dollars when the price of silver then was under $20.
I wonder how many out there are smiling now?
Well, me for one. Silver is the Poor Man’s Gold.
It’s not unobtainable compared to gold !!
@ +/-$100/oz It’s getting to where most people who work for a living are finding it unobtainable.
Not even 18 months ago, I sold 80 ounces of my silver coins (each were 1oz of 9999% purity) and they went for $49CDN per coin.
If my place wasn’t on the same block where everyone was getting broken into, I would have kept them.
Yeah
except you can’t sell it
go ahead, try. Most local coin shops aren’t buying any silver. and even if they do, the premiums are enormous ($10 to $15 per oz). Meanwhile selling at $10 over spot.
If I can’t buy and sell it when I need to at whatever the current price is that day, it loses a lot of it’s value as “money”.
I live in a very small town far from any city, there is no way the bank or grocery store will exchange gold/silver for fair market exchange. If it’s not FederalReserve notes, they don’t know what it is. The Treasury will tell them what money is legal and what isn’t
All this hype of hoarding precious metals will backfire on a lot of folks, it’s the big metal investors who make money on this. The little guy may make exchange among other small businesses, but you can’t pay any of your public bills with it.
Oh, and try paying your property tax with gold/silver.
The “report” the the mint is selling an once of siler for $170 is BS. The video of the clean cut chinese man is ALL AI propaganda. cui Bono.