Posted on 09/20/2022 5:19:32 AM PDT by EBH
.... and yet the COMEX Silver price is less than $20 an ounce ....
Still less than $20/oz..
Can’t find physical for anything close to that of course
The lowest I see in physical premiums is $4, with an occasional $3 until it quickly gets snarfed up.
Dollar to silver ratio on usdebtclock is now $1221/ounce.
Happy Stacking!
😉
Still waiting for that $600 silver. That would certainly take the edge off. Of course, when it hits that price a gallon of gas will be $65.
100% Physical silver held. It's still cheap folks.
Silver doesn’t go up, the Dollar goes down...
Is PSLV physical?
A quicky check shows a share is .361 ounce, held at the Royal Canadian mint.
If/when it hits $600, forgeddabout the dollar - by then, it is time for a new currency.
In 1913 it was $2.66/ounce.
Twenty years of hearing this crap.
Yes PSLV is physical. Buy enough and you can actually go to Toronto and convert to the metal. A share is .361 oz, but a share sells for $7 or there about. Silver is $19.xx per ounce or something.
Interesting side-note...
Doing a barter deal... item was $75 cash. Offered the guy 4 silver dollar coins. He said yes. OK...handed him $4 in silver. He looked at me funny. I said those coins are worth about $80. What you are giving me was only worth that much in real money.
How much has the dollar degraded again?
LOL.
Careful not to confuse PSLV with SLV. SLV is mostly derivatives.
The silver price is still far far short of the 1:15 historic price.
Silver should be $66 or gold should be $80 to be inline with history
I can’t actually confirm or hold it, its not physical.
If you look at any supply and demand analysis, "recycling" and "unknown" category are consistently about 20% of supply. Is this industrial recycling? Is it people selling grandma's silverware to pay the rent? Is this a normal amount for historical silver supply?
I have read that the best mines in the world produce silver at about $15/oz. It would seem at $20/oz on COMEX, we are in territory where marginal mines are uneconomic.
It would seem supply will have trouble in the future, but the silver market is so opaque its difficult to know for sure.
I read that PSLV is Royal Canadian Mint, while SLV is JP Morgan. Seems to me different vaults, but same Deep State Cabal control.
I have no delusions what my silver will be worth in dollars.
But, I have enough metals to get me through a couple months of hyper inflation. I guess I could sell an ounce of gold at that point and buy another home!
I barely look at this stuff because there are so many “wacky” folks in there.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.