Is Silver next?

[ancjr]

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!

And inflation is transitory...

 

[Mij]

And inflation is transitory...

Yep, won’t be here next week…….

 

[Mij]

Even then, when speaking of bailouts, they don’t mean the Federal Reserve, (they ain’t giving up ****) any .gov bailout is taxpayer dollars.

 

[DoggyDaddy]

Tomorrow morning may be interesting. As in the old Chinese curse, "May you live in interesting times."

 

[spencer rifle]

Another big leap upward right when the market reopened. Might be time to hold for a while.

 

[Mij]

Another big leap upward right when the market reopened. Might be time to hold for a while.

Ya, that or grab your FRN’s n turn‘em into metal.

 

[DoggyDaddy]

Ratio is still almost 90:1.

 

[Leo]

1976 Coupe DeVille was $9000, Gold was $125. 72 ounces of gold per Cadillac.

Today Gold is around $1850, times 72 oz or $133,200. A new Escalade is about $73,000. That same 72oz buys the Caddy with $60,000 left over. I keep rechecking the math, but it looks like Cadillac's have really come down in price.

 

[ancjr]

1976 Coupe DeVille was $9000, Gold was $125. 72 ounces of gold per Cadillac.

Today Gold is around $1850, times 72 oz or $133,200. A new Escalade is about $73,000. That same 72oz buys the Caddy with $60,000 left over. I keep rechecking the math, but it looks like Cadillac's have really come down in price.

To make it a fair comparison, calculate what it'd take to build a 1976 Coupe DeVille in 2023.

 

[ancjr]

Get a bid on having a basic wooden carriage or wagon built today and compare the price.

 

[BigRed]

but it looks like Cadillac's have really come down in price.

Along with the quality

 

[teddy12b]

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

I know a guy who's company banked at that place and all the executive staff has been working non stop to get their banking situation figured out just to pay their bills and payroll with their own money that they had in a bad bank. The guy I know is a major player in this company and he was told 4 or 5 more banks will do the same within the next 30 days. I don't know if that's true or just big talk, but panic and stupidity are a very real thing and I'd feel better knowing some of my federal IOU's were transferred into silver.

Bottom line, I think it'll be the start of something bigger, but that's just a nobody looking into a non existent crystal ball.

 

[Cldedhnds]

Looks like my purchase last Wednesday of Au and Ag was well timed for once.

 

[Magyars]

Looks like my purchase last Wednesday of Au and Ag was well timed for once.

Braggart.....and lucky!

 

[DoggyDaddy]

For all the hoopla, markets today were rather unremarkable I thought. I mean, metals went up some, but nothing crazy. Then they just kind of plateaued and stayed flat.

 

[asevans]

For all the hoopla, markets today were rather unremarkable I thought. I mean, metals went up some, but nothing crazy. Then they just kind of plateaued and stayed flat.

Exactly as planned

 

[dieselrealtor]

people are asleep

 

[d.kaufman]

I was very close to making a silver purchase over the weekend. Just couldn't bring myself to do It. I've never paid over $20 per oz and that includes premiums. Probably 80% of what I've purchased thru the years was closer to $10-15 per oz

 

[Mij]

Bank stocks and other paper dropping like a rock, already wiped out yesterday’s gains. Euro banks halted trading. Our markets not even open yet. Hold on.

 

[Mij]

Metal took off like a shot, AG already up over 22 to 22.30

AU about 25 over yesterday’s close, up 45.00 over the overnight highs.