Check silver now. It's $13.32 and moving upwards. Gold now at $605.30.
These are the kinda of fast upward ticks that I remember back in '79, '80. Just amazing. Silver might be at $14 by the end of this week. Absolutely amazing!
I wasn't paying attention back in the 80's - tho I remember getting a good price for silver dollars.
What I've been reading - at some point the party is over - the dealers do not want to buy any more, as they quickly become tapped out (cash wise) because prices are rising so quickly. The refiners are backed up with everyone's silverware, so they don't want anymore. Dealers end up paying less than spot, as they don't want to necessarily be "long" on something that may decline by the time they can unload it to the refiners. But, that was 1980. I doubt there is much silverware in the average family today.