Posted on 02/02/2021 8:24:23 PM PST by blam
Current National Debt at $28 Trillion, soon to be $40 Trillion. I am not seeing this bubble in precious metals you are referring to. I am seeing inflation.
OTOH the 2021 silver eagles are 56% above spot.
I think you are correct re: new design.
Just can’t get myself to like the new design. Wish I could.
I'm with you. I've got about 100 of the current American Eagle bullion coins. The Mercanti design is beautiful.
Sorry, that link was to have gone to another forum...
“9x19 Parabellum might be more useful as currency than gold or silver”
There’s no denying that under extreme circumstance the former can get you the latter.
The US needs to return to the gold standard.
It was once $32/oz now gold is worth about $60 per gram.
Just fix it to $60/gram and go forward. Nothing is better or more stable than a hard metal backed currency.
Of course governments can’t just run their printing presses for fiat currency then, they have to actually have it backed by something tangible.
I wouldn’t argue with that.
Still, silver didn’t take this move on it’s own. There was
an outside force causing folks to jump in. When that
subsides, I see a softening of the price.
Look, it’s all a crap shoot. It could go to $400 an ounce
for some reason too.
I agree in time that is going to kick in.
In the last week the price of silver jumped $10 an ounce.
If silver were doing this on its own, I wouldn’t be saying
this, but it did it because some guys were gaming the
market.
When that subsides, I think we’ll see some softening of
the price.
Buying on a new high is not one of my favorite choices.
Sounds like you know more than I do.
Not necessarily. You and others may be right.
We’ll see.
I do agree there is a shortage right now, but I think that’s
due in part to the clamor to get “IN” over the last few
weeks.
I don’t watch the market every day, but I try to keep tabs
on it. It may not have gone up for the reasons I have
stated, but it did appear that way to me.
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