Silver Is On A Tear Today

Okay, another question: never mind price spikes, what's likely to cause the next silver crash?

I don't really look at 1980 as a precedent; I don't expect another Hunt Brothers.

Silver dropped almost 50% in 2008 during the financial crisis. As "buying opportunities" go, I imagine that one wasn't much fun.

Silver fell from almost $50 in 2011 to under $15 by the end of 2015, and it's taken until now for it to "recover". I think a similar slump from today's levels is probably the most likely trajectory over the next five years. But I've got very little to back that up, and I'm not convinced enough to do too much selling.

 

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I don't even think they had the procedure back then. I think it started in the 1970's.

Lots of famous people died pre-1980 because of easily medicated or surgically fixed procedures today.

 

Check it out.

https://www.uscurrency.gov/acceptance-and-use-older-design-federal-reserve-notes

 

I am 100 % sure, that if you brought in a 1934 $10000 note, anyone with common sense would give 10K in 100s for it. Esp. if it was UNCIRCULATED.

 

You know the teller would rip it out of the plastic and hit it with a counterfeit pen
Tellers are trained a certain way

 

They’d be a fool not too. All large no circulation notes, $500 and up bring premiums above its face value.

 

I have put CNY on my calendar for years, as we manufactured with them. I usually have it for 2-3 weeks, our plants did not fully come on line due to workers straggling back from their homes from all over China after this holiday. It is the greatest annual movement of people in the World.

I retired, so I do not watch the holiday in detail. However, I did post the reopening of the SGE for Monday/Tuesday this week. I am going to watch the Horse Races as the Chinese start buying Gold again!

Many of them may be financially drained from the holiday spending, but I am anticipating if they invest their Red Envelope monies into Gold…

 

That's probably a $500,000 note FMV.

 

You could have bought a Duesenberg SSJ supercharger with a 10K bill in 1934!

 

They are both up tonight! Yeah!!

 

Many people here think the silver price will repeat what happened in previous years, and they might be right. But my money goes on the opposite happening because governments in general show no inclination to cut spending and central banks will keep printing. Fiat will loose value and real stuff will retain it.

 

Silver is up to $87.41 and gold is holding above $5000.

 

GOLD close to 5200.00
All hell will break tomorrow.

 

I think so.