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.