I agree.
Can Silver Be Short-Squeezed To $1,000?
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)
Ok, you’re on. I’ll give you all my “silver” quarters when you give me 60% of selling them to get more than a “quarters worth.”
Yikes!! No, I meant it to trade for stuff I don’t have and for hunting.
I know what You mean.
I tried to explain that in My situation but got tired of trying to explain since I had already been Tried, Sentenced and was about to be executed.
Good, but largely conjecture, as par. But yeah, have a 4-gun entryway bench filled to the brim full of silver dollars and other coins.
Amen Stolar. Stock up on ammo
>>silver coins might be the only way to buy groceries for your family.
Right, can’t wait until I head down to mega-mart, and hand some silver coins to a 17 year old checkout kid and tell them they are for my groceries...
That’s 16 times face value.
If you had $4 of those quarters, that’s $64.
What were you expecting?
They aren’t gold doubloons, after all.
It’s actually only for and emergency like if the country goes into civil war or collapse where paper money is worthless.
I also have 30 ounces of gold. Just wanted to have 50K+ of very liquid assets should the unlikely necessity arise.
“Hack saw ?”
Pretty much yea. Do have the coins also.
Anecdote.
Why would silver not move higher if Trump and crew do another trillion plus in stimuli? These attempts to defeat socialism with socialism will fail at some point.
...
It may...however it is a dual metal...half precious, half industrial.
I won’t be buying more.
Mathematics.
Bump
Why did you bump something 3 months old? Do you have news of interest on this matter?
The news is that Silver didn’t explode but most predictions don’t hold up.
I agree.
Can Silver Be Short-Squeezed To $1,000?
So here we go. We go from yesterday to today: https://freerepublic.com/focus/f-news/3930397/posts
Which is true? I am not being sarcastic.
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