Posted on 09/03/2009 5:00:36 PM PDT by mamelukesabre
Silver is going bonkers!
Yes, pre-1965 coin silver is about 90% silver and that’s factored into the $1.28 number. About 12.80 contains 10 oz of pure silver
What prices? If they walk away from enough of the losing positions... it is going to destroy the commodity markets.
And besides... if this happens, I think the precious metal prices will be the least of our concerns...
Is it an upward pressure or a downward pressure? Short of a total destruction, what would it do? Raise or lower?
If there is no precious metal markets... you can't really know the current prices for gold and silver until you use these metals as a exchange of goods.
I can’t decide if destruction of commodities markets is a good or a bad thing.
thought nickles were nickle
Nickles are actually mostly copper. My thought was a nickle-sized silver coin worth about $5
Silver just blew through $17 like it wasn’t there. It seems to be “melting up” with no end in sight.. If the shorts start to panic and cover, all hell is going to break loose!
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