Silver getting crushed today

Lead is the preferred PM for when the Zombie Apocalypse happens too.

 

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.22 ammo will be the new money

 

1st, I'm no expert. That said, I feel PMs will not do well the next four years unless Trump fails to revive jobs, jobs, and jobs. If uncertainty returns, PMs will rise.
The big Kahuna is the $20trillion. At some point it must be paid off. When that can't happen, PMs will rocket.

 

The $20 trillion will never be paid off as long as U.S. Treasuries can be sold to finance the debt. In my modest opinion, that was the prime reason for quantitative easing: financing that debt at rock bottom interest rates.

 

Agree. Will they always be able to sell them?

 

The answer to that really isn't an answer: as long as buyers believe in the "full faith and credit" of the United States.

 

$20 trillion ?

I should just cash in one of these and pay off the debt in it's entirety.
http://www.coin-rare.com/silver-bullion-20-trillion-silver-bar.aspx

 

Silver still trending down ...and a down spike too.

 

I stick to physical metals. Could you imagine trying to liquidate lead at your LCS?

Talk about backing the truck up!

 

20 trillion sounds like a lot, but how does that figure compare to our national wealth? The rate of debt is far lower than it was 8 years ago...if it had stayed the same as from 2000 thru 2008, than it would be way into the 30 to 40 trillions. The rate of debt determines the overall health of the economy, not the $ amount. All that translated into simple terms and the overall economy is sound for the present. PMs are not at all attractive for investors right now or in the immediate future. This explains the slow decline in PMs. As small investors, we should not feed the markets, but try and starve them to death instead. In a couple of years, PMs may be more attractive than they,ve been in over a decade.

 

Guess who just took the lead for US Treasuries from China??

 

Wasnt it Japan?

 

Read it was Japan.
https://www.bloomberg.com/news/arti...kes-china-as-largest-holder-of-u-s-treasuries

 

Yes.

 

New gold and silver mine brought to production .. more supply.

"The project has already shipped about 17 800 oz of gold and about 184 875 oz of silver since the first pour took place on March 1."

"Gold and silver output is forecast to average about 74 000 oz/y gold and 781 000 oz/y silver" per year
==> http://www.miningweekly.com/article...on-at-soledad-mountain-2016-12-20/rep_id:3650

that should bring smiles to those TV shows of Gold digging in Alaska/Oregon on ground and below water.

 

That new mine isn't going to bring smiles to the Alaska/Oregon land miners and the Northern Water gold miners. It will bring the price of gold down and hey will have to mine more to just keep up. The more gold being mined and refined will lower the price of gold. Supply and Demand.

 

$15.65 as I type. Let's see what New York does to it today.

 

This has been an interesting couple months ...
The major silver sellers seem to be holding back on dropping prices much on ASEs etc and getting some windfall profits based on spot. I wonder if the major dealers buy ASEs on contract at a certain price, back in January the spot was in the 14s, which would show they hesitation to go lower. When spot goes up their prices change every 15 minutes (I've sat there and watched) but when spot goes down I now see a very sticky price. Provident is now close to a $4.50 premium on small quantity. Their BuyBack prices tend to follow spot though.

 

I'm going to go the round Route. $0.74 over spot for a tube on Provident. I want some ASE's but I want 2017. Hopefully the Govmint.com deal pops up again sometime next year. That was around $2.00 over spot and at some time even less.