News $53 Silver and $4200 Gold hits All Time High!

[H. Bowman]

$70 on Tuesday?

72 and then some. So far.

 

[Jimi Jah]

Gold at $4518.

 

[DRH50BMG]

Three more big days like today and we are at triple digits in silver. Silver is about to takes it rightful place, behind gold, as the number 2 asset by market capital.

 

[Doboi88]

Can't wait, at least then I can make most of my money back on collectible silver pieces...only buying generic going forward from here on out

 

[H. Bowman]

I've only ever bought the "collectible" stuff for gifts, or because it was a fun display. I've got a 10 oz Tyrannosaurs Rex somewhere, and a bunch of the 45acp, 408 win, 12g, 50bmg and 20mm pieces. But the stuff I bought to stack was all the cheapest bars and rounds I could find at the time.

 

[Doboi88]

Ya, I bought a lot of collectible pieces because the LCS guy said "it's limited..." SMH meaning only fools like me buy it so they only make 200 of something lol a lot of my stackables were bought when around 35 for me, been collecting almost a year and wish I would've gotten more back in the days. I would've bought silver over a lot of my firearms I dont shoot nw

 

[Nacho_Libre]

Silver hit 79 usd today

 

[ikeo1]

Silver hit 79 usd today

Yeah $7 move is massive

 

[1recluse]

In a little shock and awe here.

 

[ikeo1]

In a little shock and awe here.

$100+ is gonna be nuts!

 

[DRH50BMG]

It is really big for long term stackers with a large pile. But for the average person there will be low to no impact. An electric car uses 20-50 grams, a solar panel 20 grams, a cell phone or laptop less than half a gram. Any price changes will be unnoticeable.

 

[1recluse]

Are you saying for the average consumer there is going to be no or low impact?

 

[DRH50BMG]

The average consumer wont have a significant impact from a much higher silver prices but they will continue to be crushed by rising inflation. They will see it as the price of everything rising not as the true reality of a debased currency.

 

[1recluse]

Thank You for explaining your thinking, on this.

 

[millenialshooter83]

Silver futures priced at $82.67 per troy ounce...crazy times!

 

[Doboi88]

silver dropping now lol

 

[Warpspeed]

What's fascinating is the refiners are backed up 6 months and not paying anywhere near spot.

 

[XxwoodshunterxX]

my kids love it. They always ask to buy silver when they have extra money most of theirs is up 300% this year alone.

 

[DRH50BMG]

silver dropping now lol

Monday was the monthly options expiration date. They were going to take huge losses at $84.00 on the paper silver, it is now resuming the climb upwards.

 

[Coolguy]

sold 9 lbs of junk silver. It was a great profit because it only cost me face value as I accumulated them over the years. I know it may go higher, but I had a need for the cash so for me it was a great move to sell at its all time high.