Is Silver next?

[blain]

In 1948 a quarter would buy a gallon of gas.
Right now, the silver content in that 1948 quarter will still buy a gallon of gas (+-).

 

[Mij]

In 1948 a quarter would buy a gallon of gas.
Right now, the silver content in that 1948 quarter will still buy a gallon of gas (+-).

Been using that same analogy to explain the fiat currency debacle for 20 years. The Fed. Res. System is the real evil in America today.

 

[dieselrealtor]

Who is talking?

Silver is spiking, up .30

 

[teddy12b]

That's what constitutional or 90% is for. $1.00 face = 0.715 ounces.

I'm just not interested in trying to explain to a 26 year old millennial why a pre '64 coin is 90% silver and they can just take my word for it when I'm trying to barter scarce resources for their scarce resources. I'd rather start the conversation by saying "you see what's stamped on the bar?"

I get there's a time and place for the coins, but I'm not interested in it.

 

[nonobaddog]

I'm just not interested in trying to explain to a 26 year old millennial why a pre '64 coin is 90% silver and they can just take my word for it when I'm trying to barter scarce resources for their scarce resources. I'd rather start the conversation by saying "you see what's stamped on the bar?"

I get there's a time and place for the coins, but I'm not interested in it.

I think if it comes to that dystopia where silver is a primary exchange medium, most people will be very familiar with pre-65 part-silver coins and we won't have to constantly explain.

 

[snorko]

Who is talking?

Silver is spiking, up .30

Some big job numbers are out today I think.

 

[snorko]

I'm just not interested in trying to explain to a 26 year old millennial why a pre '64 coin is 90% silver and they can just take my word for it when I'm trying to barter scarce resources for their scarce resources. I'd rather start the conversation by saying "you see what's stamped on the bar?"

I get there's a time and place for the coins, but I'm not interested in it.

Cool. You stack, I stack, we all stack for later!

 

[spencer rifle]

I'm just not interested in trying to explain to a 26 year old millennial why a pre '64 coin is 90% silver and they can just take my word for it when I'm trying to barter scarce resources for their scarce resources. I'd rather start the conversation by saying "you see what's stamped on the bar?"

I get there's a time and place for the coins, but I'm not interested in it.

All the millennials in my family know about this and have their own already. But they can hardly be considered usual.

Can't believe I actually timed it right for once. I guess even a blind squirrel gets an acorn occasionally.

 

[blain]

Been using that same analogy to explain the fiat currency debacle for 20 years. The Fed. Res. System is the real evil in America today.

Most of the time, they can't see the forest for the trees.
One answer is... "That silver ounce can go down in price, but my dollar will still be a dollar."
I don't waste my time educating, with logic like that.
The public school system should have already done that.

 

[Magyars]

In 1948 a quarter would buy a gallon of gas.
Right now, the silver content in that 1948 quarter will still buy a gallon of gas (+-).

I've always used the analogy of a suit of clothes or a new quality handgun and a double gold eagle circa 1900

 

[asevans]

many of the younger generations are in the silver game. At least the ones that are paying attention.

 

[teddy12b]

I overall in the entire population most people are unaware of the real value in precious metals. Younger folks that are tuned up on that value are certainly the exception not the rule. It gives me some hope to hear of young people with a solid understanding of economics though.

 

[Mij]

I've always used the analogy of a suit of clothes or a new quality handgun and a double gold eagle circa 1900

Yep, I sometimes would tell folks that a Colts SAA followed an ounce of gold. Kinda still does. ~ +/-

 

[teddy12b]

I always liked the old "an average guy, buying the average house, used to be 100 ounces of silver. Kinda points to what a correction might look like.

 

[Mij]

I always liked the old "an average guy, buying the average house, used to be 100 ounces of silver. Kinda points to what a correction might look like.

At least one pundit puts it at 250.00 oz. In 2029 due to the industrial use in solar and electric cars. But he’s in the selling metal business.

 

[Mij]

Who is talking?

Silver is spiking, up .30

Now we know.

SVB bank collapse 200 BILLION dollars in assets. FDIC says customers will get there money by Monday. Up to the limit of coverage 250,000 limit.

edit: worry that it could be the start of somthing bigger coming.

 

[asevans]

 

[Mij]

View attachment 261737

Hope they enjoyed there profits while they were rapeing the American people, their day is coming.

 

[ancjr]

Moving up with positive sentiment and narrative behind this move from all the banking news.... The narrative is the only thing that can break the friction of dollar pumping and bailouts in the near term... and then....

 

[Mij]

Moving up with positive sentiment and narrative behind this move from all the banking news.... The narrative is the only thing that can break the friction of dollar pumping and bailouts in the near term... and then....

View attachment 262129

J. Yellon. “No bail out”, says the cost of the recent bank failures will be borne by U.S. taxpayers.

I didn’t see that coming!