Silver Is On A Tear Today

I’m still selling coins priced at $115 an ounce so I’m holding what I have, selling what’s priced in the antique shop and buying a few items that are below $75 spot.

 

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I just saw an ad on CT for a Silver bullet for just under $110. I don’t have one of those and at that price I never will.

 

I have a few silver bullets. Bought them several years ago. I reckon I will be a millionaire in silver bullet profits soon!

 

Just watched out news, they were discussing the US 38T dollar debt load, and that Trump is in a pickle. The interest payments on 38T is staggering. Which means he cannot afford to raise interest rates, since that would increase interest payments by a lot. They think he will re-value gold to 10K this year. This would put a dent in my coin adventures Maybe Congress could stop such a stupid thing.

 

That sounds like GDJMSP from pre-Covid.

Not sure the gap hasn't closed a ton since.

 

I'll try to carefully maneuver around this to avoid getting those feared negative points, and take things back to investing and broader market trends. I think as the national debt continues to grow, there is a real risk of confiscation of some type over time, similar to 1933 with EO 6102. Because silver is an industrial metal and critical to AI, it could be fair game. I believe if this happens there will be a numismatic carve out similar to EO 6102 - the courts would likely affirm the right of Americans to keep numismatics for historical reasons. In this case, it's a big win for us Franklin holders.

 

I cannot ever see that happening today. Maybe in Putins Russia (Dictatorship)
In 1933, many "New Deal" types were Leftwingers, and Marxists believe in absolute state power over populations.

 

I know I'll sound like a tin foil guy, and I don't mean to ramble without statistical backing, but I take into account things like housing**, healthcare, and education (two out of these three are clearly critical to a decent living standard), and I can't help but be dissuaded by official CPI numbers. To be fair, I have no concrete data off-hand to back this up, and this gets into how much faith we put into official numbers, so there's no real resolution here to our contrasting approaches.

*I just looked at the yields of 5-7 year Treasuries and they are definitely better than just letting cash sit. So they are definitely an avenue for some. I just don't think most Americans find those yields compelling, and would rather take their chance at some other assets. Again, those yields beat CDs though.

**Google AI tells me housing has gone up 3-5 percent per year on average over the last few decades. This means these mid-term Treasuries were neutralized at best, and slight losers at worst (and big losers in particular markets). I think healthcare is similar, especially in the last two decades - maybe worse.

 

Still holding strong in its gains.

 

At those prices I would think so.

 

Gold bullets would have made more sense, though…

i wonder why the Lone Ranger did not have gold bullets… the gold slugs would have matched the lead weight… and “Hiyo Golden” would have worked…

 

Because gold bullets won't stop a werewolf.

 

Silver is considered more pure than gold so the Lone Ranger used silver. He also had access to a silver mine in one of the early shows.

 

all my bullets are lead core, with a fake gold looking outer layer.
I musta' bought the wrong ones.

 

that was a misfire CLAW.

 

Elvis Had the Gold Gun and Gold bullets!!

 

Gold is not practical, I would not take a chance shooting a golden bullet out of a golden barrel.

I made a bet for $100. We took out our rifles to shoot groundhogs, "woodchucks" look like a marmot.
I tried out my Weatherby .378 Magnum "elephant rifle"

End of the day, I made a bet, that the 300 grain bullet could pierce a old station wagon in the dump. From 200 yards I hit the right side, the bullet went thru the V-8 engine block, came ot other side. A gold bullet would have splattered on impact. I won my $100 bill.

 

Both are down a little today. Hopefully the overseas market will raise it again.

 

not bad though Nut!!

 

I think it will go back up tonight: