Silver getting crushed today

Yes, what possible?

You should have seen the silver market when the 20% Mexican import across the board tax when people figured out that it also meant silver, of which the US gets 80% of it's new mined silver from Mexico.

Standard Supply/Demand economics are not part of the US economic indicators right now.

 

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It's the size of the market. The US market posts the largest proportion of commodity based transactions. Perhaps the owners of many of the transaction are around the world, the actual exchange occurs during the US hrs. Some online 24 traders may put orders through foreign exchanges, but they may never settle due to fewer counter-orders.

 

Let's talk about the Free Silver movement!

 

Yes, throw your silver in the street and let it free !!
If it doesn't come back on it's own then it wasn't meant to be.

 

Oh please, let's not and say we did.

 

Kurt, I was hoping you could give us a long explanation of this historical movement. All I know is farmers wanted it to pay off debt. It would have caused massive inflation.

 

Silver is boring right now, nothing else to talk about.

 

Western mining interests wanted it too. Bland-Allison was an inflation-creating Act.

 

If that ever becomes true, we're all screwed. With apologies to APM's Kai Ryssdal, numismatics is not the silver bullion market, and the silver bullion market is NOT numismatics. Numismatics was just fine, maybe better, before bullionistas, umm, err, "polluted" it.

 

PMs and numismatics are two entirely different subjects -- especially with my wallet.

 

And yet we see them intermixed here...

 

Hey Bman, look up William Jennings Bryan. He based a whole Presidential campaign on freeing silver. Didn't work out for him.

 

We'd all have been better off to keep the darned stuff in Comstock, maybe.

 

There's some irony in it you know. Free Silver was the "qualitative easing" of the day aka debasing the gold standard that existed at the time. Today we stack what would have been the debasers of past as a hedge against the debased of present.

The Wizard of Oz, in some circles, is believed to have been about the free silver movement.

http://www.themoneymasters.com/the-...z-a-monetary-reformers-brief-symbol-glossary/

I'll see if can find Mencken's tribute to Bryan. It was pretty funny as I remember it--as if Mencken was backing the car over the body to make sure he was dead.

Edit: I think this is it. Print is too small to tell.

http://www.peeniewallie.com/2005/06/h_l_menckens_ob.html

 

We had a discussion at my coin club about the Comstock Load and Carson City Morgan Dollars and the GSA Hoard. The Free Silver Movement came up when we went in that direction. William Jennings Bryan had the "Cross of Gold" Speech. Anyways, that's all I remember.

 

sweet sixteen..... and I free up some more dividends....to buy...........

 

Actually, even Milton Friedman, not exactly a leftwing economist, thinks it might have been better to go on the silver standard rather than the gold standard when we rightly ended bimetallism. See "A Monetary History ...", Chapter 3, footnote 52. The gold supply failed to keep up with the expanding economy [at least until the big strikes in Alaska and Australia at the turn of the century], causing deflation and recessions, which caused special hardship on farmers with mortgages. The silver supply more closely tracked the size of the economy.

 

That was an odd weekend.
Good to get back to stability during the week. LOL

 

I just bought some eagles,so get ready for the price to drop.

 

Thanks. SOMEBODY had to trigger it.