Posted on 05/17/2024 11:30:10 AM PDT by algore
“ Hot Commodity Silver Outpaces Gold as Buying Gains Momentum
Ratio to gold suggests cheaper metal has scope to extend climb
Global market on course for fourth straight year of shortages….”
Silver deficits are increasing worldwide, do your research. Most notable is the move in Mexico to shut down all open pit mines and other “ unsafe” mining operations. It goes up for vote soon: IF that happens, triple digit silver is a given….also much talk that the US Comex silver market may be approaching “ failure to delivery “ - silver paper contracts are increasingly being settled in $$$, not physical.
I am of the opinion we will see triple digit silver in the near future.
Best to spread silver out, bullion,1 ounce, 10 ounce generic, secondary market coinage, US Eagles, junk silver,….but put away Morgan and Peace dollars, there is a finite supply- your kids will appreciate it.
About circulated Morgan’s, as opposed to AU/BU , or graded NGC/ PCGS encased- …..I can remember when the famous GSA CC Morgans were released, 80$ ….today the graded Carson City GSA Morgan’s averaging $300 and into the thousands, depending on grade ( MS 63, 64, etc) and year.
https://www.kitco.com/charts/silver
Up two bucks as of right now. Mama like! :)
My advice? If you need to sell, sell any gold you have, first. Hold on to your silver for now and when the time comes sell silver coins first and the junk silver last.
That’s been our strategy for the past 20 years.
Gold: Wall Street sees gold possibly hitting $2,500.00 next week.
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