So, is silver over valued or is inflation under reported?
Posted on 10/31/2020 4:32:49 PM PDT by blam
Do you have a flashlight, spare batteries and some duct tape stashed away for home emergencies like power outages or hurricanes? Of course you do. How about 100 ounces of silver coins? If not, you should.
In an extreme social or infrastructure breakdown — where banks, ATMs and store scanners are offline — silver coins might be the only way to buy groceries for your family. This is one of many reasons why sales of silver coins and bullion are set to skyrocket.
The upcoming election and its aftermath could witness social unrest that would make this summer’s chaos look downright tame. We might not even know the winners for several weeks after the election. Things could get very ugly.
If that happens, shortages will appear and the price of silver could soar to $60 per ounce or higher from current levels of about $25 per ounce.
As you know, I write and speak frequently on the role of gold in the monetary system. Yet, I rarely discuss silver. Some assume I dislike silver as a hard asset for your portfolio. That’s not true.
In fact, in an extreme crisis, silver may be more practical than gold as a medium of exchange. A gold coin is too valuable to exchange for a basket of groceries, but a silver coin or two is just about right.
Silver is more difficult to analyze than gold because gold has almost no uses except as money. (Gold is widely used in jewelry, but I consider gold jewelry a hard asset, what I call “wearable wealth.”)
Silver, on the other hand, has many industrial applications. Silver is both a true commodity and a form of money.
This means that the price of silver may rise or fall based on industrial utilization and the business cycle, independent of monetary factors such as inflation, deflation, and interest rates.
Nevertheless, silver is a form of money (along with gold, dollars, bitcoin, and euros), and always has been.
“The Once and Future Money”
My expectation is that as savers and investors lose confidence in central bank money, they will increasingly turn to physical money (gold and silver) and non-central bank digital money (bitcoin and other crypto currencies) as stores of wealth and a medium of exchange.
This is why I call silver “the once and future money,” because silver’s role as money in the future is simply a return to silver’s traditional role as money throughout history.
(snip)
what does “hawking” mean?
I think he meant “haunting.”
to sell goods informally in public places:
•On every street corner there were traders hawking their wares.
Physicallty......(16)100 Troy ounce bars.
Hawking - Every time I walk by one of those machines I always look for loose change.
It used to be easy with newspaper stands, but I still find change in vending machines. :)
No.
Gold and silver will not skyrocket; they may get a short term bounce based on Jim Cramer’s rolled up sleeves and jibberish, but nothing more.
The riots will not continue ad infinitum.
If silver(Ag) goes up, it will be because of it’s industrial uses, not the “poor man’s gold” profile. Gold (Au) OTOH, is a hedge, and with PDJT draining the swamp, I fully expect our 10% drop over the past few days to be made up within the first two months of the administration.
Pompeo, Jared, Ivanka, Knuchen, HOR, Senate, governors...we won’t have enough goal to feed this locomotive!
I wouldn’t hold FAANGS.
I would buy coal-related.
Big question mark is nuclear or uranium stocks...I have been holding some of these for years, betting against Obama/Hillary.
I think USSteel is a steal and will go way up.
Anyway, my $.02.
Rest in coins.
A silver quarter will buy two gallons of gas today. 1/4 X.715 X $25 = $4.47.
Also, the silver nay Sayers have never travelled to South America, I have.
During the Argentina currency crash which began in 2001, and is still on going, people with old junk silver made out quite well able to buy common household goods with it....flash forward to Venezuela today, people with the old silver coinage ( even foreign Colombian and Mexican) are EATING. Do NOT ever think it can not happen in the US. Unlikely with Trump, very likely when Deoncrats socialists take power again. Last point, the USD is NOT doing well, it is trending down at 93 ( down from 120 ten or so years ago), the only factor to its “ strength” is it is the best looking pig in the market. ALL world currencies are declining, many collapsing. Once we go cashless ( Fedcoin), we will not be the premium “ money”, China ,which is currently testing their digital, will be as they have announced they plan to back it in gold. When the world is cashless, you will be glad you have a bunch of junk silver. The move to sovereign digital cashless is moving at light speed, with 7 countries developing their own, China slated by the end of 2021, our Fedcoin slated by the end of 2021/22....read up on Senate Bill 3571, introduced by Democrats and now in the Banking Comittee.
Wow
Do you have a process for breaking it up if necessary?
Hack saw ?
Once “we go cashless” we will be slaves. You will never be in physical possession of your own money. You can spend only as much as they allow, only when the allow it and only on what they permit you to spend it on. And it can be taken from you whenever they please.
So, is silver over valued or is inflation under reported?
I guess idiots work at gas stations. Lol.
I would take that deal every day of the week.
Don’t get greedy...
thank you ...
We are very, very, very close. Despite the Fed stating “ they are looking at it”, they have paid out $20 million dollars to research and develop it. Coming at light speed, this article from MIT ( there are 7 other organizations in on it) dated 2017 explains everything, from blacklisting accounts to fees, long but a must read.
https://law.yale.edu/sites/default/files/area/center/global/document/411_final_paper_-_fedcoin.pdf
You are welcome.
You would be surprised by what you find when you look for it.
Go here to see what your coins are worth.
http://www.coinflation.com
..scroll down for pre-64 silver. Keep in mind the USD dollar today only buys 2 cents as compared to 1 dollar in gold since 1918. In other words, the US dollar has lost 98 percent of its value compared to gold. Most people can not comprehend, but that is the reason our Constitution stated our money will only be silver and gold, ( a gold standard), until Nixon somehow took us off the gold standard in 1972. Debt, inflation, and a few other factors contributed to the demise. Many greats are now forecasting total cashless by 2024, I think with this current financial crisis ( not much talked about) we will see it very shortly after China fully implements their cashless system which will eventually be backed by gold , the PBOC -People’s Bank of China- states you can not buy gold with it- strange huh?
Be careful how You word that around here. A while back I posted that Lead/Ammo will get anything needed to survive. Almost immediately I was accused of I’d be killing people to get what I needed to survive.
So did I. I could see Nate Silver exploding from embarrassment at his crappy predictions.
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