It also requires that your enemy have enough power to destroy you. In this specific case, without the threat of China stepping in, the DPRK doesn't have enough sheer firepower to destroy the US. If anything, we could call it, PAD (Personally Assured Destruction) for the Korean Peninsula.
For some perspective, this thread was started just over a year ago (April 1, 2016). Silver was getting crushed at $14.90 then.
For some more perspective, a year is an eon in investments. Totally different economic and political scenes. Look back a year and it is nothing short of amazing.
I just buy and sock away certain ASE's; I don't follow the market. Are the 2016 lettered edge BU non-proofs doing anything? I figured it would eventually be a semi-key.
Absolutely. There are two rational dealer responses to a down market when they've bought inventory too high - withdraw (short term) or raise premiums and cuss a lot. That 30-day spot silver chart is just getting ugly. Looks like my favorite childhood sledding hill.
Random Q: Is there a particular time of the day that you recommend buying silver at? Of course, one could say whenever the prices are at the lowest, but does it make sense to wait until the NY markets close? Or just as they open? Or wait if some significant report is released mid-day?